"Poverty in Latin America is at its lowest level for 20 years, the UN's regional economic body, Eclac, says.
From 1990 to 2010, the rate fell from 48.4% to 31.4%, which means 177 million people currently live in poverty.
Eclac says the main reason for the reduction in poverty and inequality is the rise in household incomes.
But progress is hindered by the big gaps between productive and better paid sectors and work that is poorly paid and of low productivity, Eclac says.
"Poverty and inequality continue to decline in the region, which is good news, particularly in the midst of an international economic crisis," said Alicia Barcena, Eclac's executive secretary."
From 1990 to 2010, the rate fell from 48.4% to 31.4%, which means 177 million people currently live in poverty.
Eclac says the main reason for the reduction in poverty and inequality is the rise in household incomes.
But progress is hindered by the big gaps between productive and better paid sectors and work that is poorly paid and of low productivity, Eclac says.
"Poverty and inequality continue to decline in the region, which is good news, particularly in the midst of an international economic crisis," said Alicia Barcena, Eclac's executive secretary."
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