A United Nations Development Program report reveals that Ecuador has reduced poverty by half since 2003.
Ecuador’s President Rafael Correa’s government has invested heavily in social development. (Source: AP)
In working to meet its Millennium Development Goals, Ecuador has seen a 50 percent reduction in poverty since 2003. In its report released on Thursday, the United Nations Development Program (UNDP) has shown that Ecuador is one of the countries with the most sustained development growth globally.
Heavy investments in education, healthcare, social security and job creation
On poverty reduction, the UNDP representative in Ecuador, Diego Zorrilla praised the Ecuadorian government heavy investments in education, healthcare, social security and job creation. He said, “Ecuador has state policies in these fields and thus seeks to reduce persistent vulnerabilities that occur throughout the life cycle.”
Since 2000 the middle class in Ecuador has expanded considerably and now represents about one-third of the population.
Correa has increased public investment from 21 percent of the GDP to 41 percent
Since first taking office in 2006, President Rafael Correa has increased public investment from 21 percent of the GDP to 41 percent in 2012.
Ecuador is currently ranked 98 of 187 countries in the Human Development Index, meaning that it has a high rate of human development. The Human Development Index measures standard of living in terms average achievements in sectors such as education and health.
Ecuador has met 7 of its 8 Millennium Development Goals, as the country has yet to reduce maternal mortality by 25 percent. Throughout Latin America, however, the World Health Organization found that maternal mortality has reduced to 44 percent
Source: UN: Ecuador Has Reduced Poverty by 50% TeleSUR