BANK GROUP 01/20 Disclosure Aut Poverty and Equity Global Practice Latin America and the Caribbean Team for Statistical Development Disclosure Auth In 2022, poverty in Latin America and the Caribbean (LAC) reached its lowest point of this century: 26 percent of people lived in poverty (using the US$6.85 a day 2017 PPP poverty line). o According to our nowcasting models, poverty has declined even further since then. In 2023 one out of every four people in the region was poor, which remains the case as of thi ...