Argentina urban poverty rate rose to 32.9% in the third quarter of 2016, which means 13 million people due to a precarious labor market and lack of long-term development policies, according to a report presented last week by the Social Debt Observatory from the Argentine Catholic University (UCA).
Reacting to the announcement the Social Development minister said that figures were ‘painful’ and president Mauricio Macri argued poverty can’t be changed overnight, and only a strong, vigorous economy can overcome the situation, and that “is what we are working for”
The study establishes that in last year’s third quarter poverty increased 3.9% compared to the 2015 end of the year similar report, which means it is the highest reported. In addition, 2.7 million people (6.9% of the population) were described as indigent, 600,000 more than at the end of 2015.
“A large part of the Argentine population is excluded. Something more than economic growth is required” and “social programs are not enough to guarantee a platform of (lasting) inclusion,” said Agustin Salvia, head of the report, during the presentation of the results. Salvia argued that since president Mauricio Macri took office in December 2015, the increase in public services rates, the “anti-inflationary” policy, low private investment and the…