Brazil Halves Extreme Poverty In 2023

(MENAFN- The Rio Times) In 2023, Brazil achieved a remarkable milestone as nearly 9.6 million Brazilians successfully moved out of conditions of extreme poverty.

This success cut the previous year's figures in half, reducing the total from 19.1 million.

The Ministry of Development, Social Assistance, and Hunger Alleviation MDS reported these figures, underscoring a nationwide uplift.

The Northeast, historically the poorest region, saw the most progress. Here, 4.8 million people surpassed the extreme poverty line.

This number represents half of the national total. Overall, the Northeast's poverty level also improved, with 5.4 million rising above the poverty line.

These changes trace back to renewed economic initiatives and a revived Bolsa Família program in March 2023.

The program ensured a stable income support of 600 reais (about $115), adjusted per family needs. This adjustment increased the average benefit, amplifying its impact on poverty.

By the end of 2023, the efforts resulted in nearly 18 million people overcoming poverty.

This figure marked a reduction of almost 23 percent over two years. Poverty is identified by a per capita income below $120 per month, and extreme poverty, under $40.

This transformation speaks volumes about Brazil's resilience and commitment to social progress.

The government's focused policies and programs played pivotal roles. These strategies not only fostered economic growth but also enhanced the minimum wage and expanded job opportunities.

The success in the Northeast highlights how targeted regional efforts can yield significant national benefits.

This narrative shows how strategic interventions can effectively address deep-rooted social issues.

Brazil's approach serves as a model for other nations grappling with similar challenges. It illustrates the power of well-orchestrated government action in changing lives.


The Rio Times

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