INEI: Youth poverty down 13.7 percent from 2004-2009

Youth poverty in Peru’s regions has fallen by 13.7 percent from 2004-2009, state news agency Andina reported a study by national statistics and technology bureau INEI. The study looked at the average income, monthly expenses and basic necessities that go unmet for men and women between 15-29 years old.

Cell phones in Peru among world’s most expensive

The cost of purchasing a cell phone in Peru is among the highest in the world, which impedes the use of the phones and is a barrier to decreasing poverty, daily El Comercio reported, citing a study by the United Nations Conference on Trade and Development. A report by the UN agency found that of [...]

Report: Peru’s wealthiest spend 24 times more on education than poorest sector

Peru’s wealthiest households spend on average about 24 times more on education than families in the lowest socio-economic level, according to a survey of more than 1,000 people in metropolitan Lima by polling firm Ipsos Apoyo. Education expenses among the wealthiest Peruvians – socio-economic level A – totals 946 soles ($339) per month, compared to [...]

Clinton meets with Garcia, applauds Peru’s “growing economic inclusion”

U.S. Secretary of State Hillary Clinton applauded Peru’s growing economic inclusion and reduction of poverty following a meeting with President Alan Garcia on Monday at the 40th general assembly of the Organization of American States (OAS) in Lima, state news agency Andina reported. Clinton said the U.S. and Peru are working on a variety of [...]

Andean Development Fund: poverty in Peru could be reduced by as much as 31 percent by 2011

Poverty in Peru could be reduced by as much as 31 percent by 2011 if the Andean country maintains an annual economic growth rate of 6 percent and develops an efficient and integrated social policy, reported the Andean Development Fund, or CAF, on Monday. The CAF’s expected poverty decrease is in sync with the Peruvian [...]