Impact of war in Ukraine will raise poverty in Latin America to 33.7%, says ECLAC

The impact of higher prices and lower growth on poverty will vary from country to country. In Colombia, Mexico, Paraguay, and Brazil, there will be a substantial setback in the fight against poverty, the ECLAR document says.

RIO DE JANEIRO, BRAZIL - The impact of the war in Ukraine, especially the rise in energy and food prices due to sanctions against Russia, will push poverty to 33.7% this year and extreme poverty to 14.9%, up 1.6% and 1.1% respectively from 2021. This was the warning issued Monday by the Economic Commission for Latin America and the Caribbean (ECLAC).

The Santiago de Chile-based regional organization said in its report, "Impact of the war in Ukraine on Latin America and the Caribbean: How can we face this new crisis?" that the conflict will add 7 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?