World Bank Reports Poverty Rate Is Falling
Moderate and extreme poverty in Mexico dropped from 2000 to 2002, though it remains one of the country’s principal challenges, according to a World Bank report.
Extreme poverty fell from 24.2% of the population in 2000 to 20.3% in 2002, indicating that 3.1 million Mexicans had left the ranks of those living on less than $1 per day.
“No one in the bank, and I believe no one in your government, is declaring a victory on the question of poverty,” World Bank President James D. Wolfensohn said in a taped message aired in Mexico City.
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