The UN have said that Latin American Poverty has fallen from 48.4% to 31.4% over the last 20 years. The biggest drops in poverty was seen in South American countries like Peru and Argentina. The only countries to experience increases are Honduras and Mexico. Despite recent successes Latin America still faces many challenges like rising food prices, water security, crime and income inequality.
http://www.bbc.co.uk/news/world-latin-america-15957422
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