Hope for poverty reduction in Peru

Peru’s Prime Minister Jorge del Castillo yesterday announced that half a million Peruvians have “escaped from the shadow of poverty” thanks to the country’s sustained economic development.

He stated that the country’s overall level of poverty has dropped from 48% to 44% of the population, while recognizing that some regions are harder hit – for instance, 88% of people in Huancavelica region live below the poverty line.

To help address this problem, which is shared by neighboring Andean regions such as Ayacucho, he announced a new law that relaunches Agrobank, a state-run entity that offers credit to small-scale farmers to help them develop their income.

Peru defines poverty as the economic inability to maintain an adequate food intake.

2 Responses

  1. Sir,
    I am B.Com Graduate now working in a Tax Consultant as a Jr. Accountant from last six months. But i want a better job than that.Kindly informed me on my Mobile No.-9437468619

  2. I leave in Bellflower California USA and I am glad that the level of poverty in Peru has dropped from 48% to 44% this is a sign of recovery.
    Thank you to Agrobank for help the small business with the loans.
    I whish success and prosperity to Peru.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: