World Bank fears further poverty slide in Latin America, Caribbean from Covid-19

Carlos Felipe Jaramillo

The World Bank is alerting the Caribbean and Latin America to the fact that the ensuing Covid-19 pandemic is likely to significantly increase the size of the poverty footprint on the region than that which had obtained prior to its advent.

A recent report by the Bank says that the pandemic has already removed 4.7 million people from the region from what is designated as the middle class and deposited them in vulnerability and poverty, effectively reversing several decades of social gains.