A troubling diagnosis delivered the Organization for Economic Co-operation and Development (OECD)about poverty in Colombia.
The organization assured that the economic gaps are considerable. We are the third country with the greatest inequality.
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“In the OECD average, on the way for a person who born in the bottom 10% of the income distributionuntil reaching the average income of the distribution of society is from one to four generations, but in Colombia it is more than 11 generations”.
What’s more, 60% of workers in Colombia are informal and government subsidies reach only 15% of low-income households.
“It means that a 85% of low-income households are left out of the entire social protection system. This shows a long-standing problem,” said Jens Arnold, Colombia’s chief economist for the OECD.
In addition, the most vulnerable families in the country lost at least 30% of their income in the face of the difficult situation generated by the pandemic, further aggravating their economic situation.
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Thus, the entity recommended hard work in the generation of equitable educational opportunities for the entire population.
It should be remembered that the Organization for Economic Cooperation and Development (OECD) had predicted on December 1 the best economic result of all its Latin American countries, with an expansion of 5.5% in 2022 and 3.1% in 2023 , which confirmed the burial of the recession that Colombia experienced in the pandemic for the first time in two decades.
