Nicaragua Succeeds in Slashing Poverty Rates, Inequality
Nicaragua’s poverty rate dropped from 29.6 percent to 24.9 percent last year, the Central Bank of Nicaragua, BCN, said Monday.
According to the National Survey of Measurement of Life, extreme poverty in the country fell from 8.3 to 6.9 percent, and the Gini Coefficient of Inequality improved from 0.38 to 0.33 percent.
Based on this result, “the survey indicates that both poverty and inequality continue to decline at the national level,” the BCN President Ovidio Reyes said.
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