Vakis, Renos; Rigolini, Jamele; Lucchetti, Leonardo - Economics Research, World Bank Group
distribution. Accordingly, poverty in LAC decreased by more than 16 percentage points within a single decade, from 41.6 percent in … 2003 to 25.3 percent in 2012. Furthermore, extreme poverty was cut in half, from 24.5 percent to 12.3 percent (Figure 1 …).1 Overall, a remarkable 70 million people moved out of poverty: the strongest poverty reduction performance of the region in …