Argentina s poverty rate is the highest in 20 years, with about 15 percent of the poor falling into

Mondo Social Updated on 2024-02-22

According to the "Reference News" **21, citing the Associated Press on February 19**, the research report released by the Pontifical Catholic University of Argentina on the 18th showed that the poverty rate in Argentina soared to 57 in January4%, the highest level in 20 years. According to the study, there are about 27 million poor people in Argentina, and 15% of them are trapped in "extreme poverty", which means they cannot adequately meet their food needs.

On September 27, 2022 local time, in Buenos Aires, Argentina, homeless people receive food. IC Photo data map.

The agency's report showed that the rise in poverty in January was partly due to the depreciation of the Argentine peso, which was implemented shortly after Milley took office on December 10 last year. This has led to the country's "basic living basket" (which includes food, services and non-food goods) as well as the "basic food basket"** It is reported that the Social Debt Observatory of the Pontificia Universidad Católica de Argentina is considered an independent and prestigious research institution, and its poverty report covers a larger geographical area than that of the National Institute of Statistics and Censuses of Argentina, and its findings are rarely questioned by politicians and economists.

The study concluded that workers or middle-class families who did not receive benefits through social programs were the most affected. Eduardo Donza, a researcher at the Social Debt Observatory, said that although inflation is likely to slow in the coming weeks, prices** will continue to affect Argentines and at least 60% of the population will face poverty by March.

The report also said the findings quickly sparked a series of recriminations between former Argentine deputy Chrández de Kirchner and Milley, who announced a series of "shocks" aimed at resolving the country's acute crisis

Cristina attributed the problem of poverty mainly to the adjustment measures taken by the conservative Mauricio Macri, who succeeded her, and the current one. "Starting in 2018, we went backwards with the return of dollar debt and the International Monetary Organization. This study shows that we are worse off today than we were in 2004. Christina said. It is reported that the poverty rate in Argentina in 2004 was 548%。

In response, Milley asked Cristina to "keep silent". Manuel Adoni, a spokesman for Argentina, said at a daily press conference on the 19th that the former was "one of the figures most associated with the decline of Argentina in the last 20 years."

On December 10, 2023, Javier Milley was officially inaugurated in Argentina**. Milley, from the far-right electoral coalition Free Forward Party, promised a series of radical reforms, such as cutting the ** sector to reduce public spending, banning Argentina's central bank, and replacing the Argentine peso with dollars. Some analysts believe that some of the measures taken by Milley are not the first of their kind, Macri, who served as ** from 2015 to 2019, implemented similar policies during his tenure, but all of them ended in failure, causing Argentina to fall into a deep debt crisis.

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