Brazil to eliminate extreme poverty by 2016
Thursday, 15 July 2010
RIO DE JANEIRO, July 14 (Xinhua): Brazil will wipe out extreme poverty and cut the poverty rate to four per cent by 2016, said a study released yesterday by the country's Institute of Applied Economic Research (IPEA).
According to the IPEA, 10.5 per cent of the country's population are now considered as extremely poor, while 28.8 per cent as poor. The poor families have a monthly per capita income of 255 reais (145 US dollars), just half the minimum wage, while the extremely poor families have merely a quarter of the minimum wage, or 127.5 reais (72.85 US dollars).
According to the IPEA, 10.5 per cent of the country's population are now considered as extremely poor, while 28.8 per cent as poor. The poor families have a monthly per capita income of 255 reais (145 US dollars), just half the minimum wage, while the extremely poor families have merely a quarter of the minimum wage, or 127.5 reais (72.85 US dollars).