President Pena Nieto Admits Mexico's Poverty Reduction Efforts Are 'Insufficient'
Mexico's President Enrique Pena Nieto speaks during an event at Los Pinos presidential residence in Mexico City July 17, 2015. (Reuters)
For the first time in three years of government, the President of Mexico Enrique Peña Nieto spoke about the increased poverty rates in the country, saying he recognized that the social policy "has not been sufficient” to cope this problem. The statements come after the government social development agency Coneval released a report last week saying that two million more Mexicans fell into poverty between 2012 and 2014, the figures cover the first two years of Pena Nieto’s six-year term.
Peña said his government now has to focus and develop greater efforts to reduce poverty levels. He added that is necessary to focus on “something fundamental” to improve the quality of life. “This will depend on the implementation of each of the 12 structural reforms that have been adopted in this administration.” he added.
Coneval showed a 0.3 point drop in the rate of extreme poverty to 9.5 percent. The agency defines poverty as living on no more than $157.70 a month in cities and almost the half of this rate in rural areas.
Over 60 million Mexicans (one in two) don’t make enough money to buy the basic necessities. Twelve million live in extreme poverty. Mexico is the second richest country in Latin America, after Brazil.
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