Thursday, April 25, 2024
Good News in the WorldHopeful horizon: Mexico witnesses substantial drop in poverty rates over two years

Hopeful horizon: Mexico witnesses substantial drop in poverty rates over two years

In a heartening turn of events, Mexico has witnessed a significant reduction in its poverty rates over the span of two years. The National Council for the Evaluation of Social Development Policy (Coneval) reports a remarkable decline of 8.9 million Mexicans living in poverty from 2020 to 2022.

This encouraging trend is attributed to a mix of factors including increased minimum wages, effective social programs, and a burgeoning economy recovering from pandemic-induced challenges. President López Obrador expressed satisfaction, stating that the reduction in poverty reflects the success of his administration’s dedication to prioritize the well-being of the underprivileged.”

Source video: CGTN America on YouTube

Source image: jarmoluk / pixabay

Source: mexiconewsdaily.com

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