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Poverty Reduction Cabinet Implemented in Paraguay

Asunción, April 6 (Prensa Latina) Paraguayan authorities announced today the creation of a Microeconomics Cabinet, dedicated to designing policies to reduce poverty, with a special emphasis on eradicating extreme poverty.

Francisco Ruiz, spokesperson for the National Institute of Rural and Land Development (Indert), explained that “the Microeconomics Cabinet will seek to correct distortions in the policies applied to favor sectors that have had slow growth.”

Ruiz commented that the decision arose after evaluating the latest data from the National Statistics Institute’s Poverty Survey, which revealed disparities in income growth among different sectors of the population.

The expert explained that the main objective of the measure is to reduce poverty to minimum levels and eradicate extreme poverty, in accordance with the guidelines issued by President Santiago Peña Nieto.

The Microeconomics Cabinet’s goals include identifying and addressing factors that can improve outcomes in vulnerable sectors, making the “Zero Hunger” program more effective, and combating smuggling and speculation in the agricultural sector.

The INDERT specialist noted that other complementary measures include the massive allocation of land with access to credit, the construction of social housing, and the universalization of pensions for senior citizens.

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