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Peru Poverty Rate Dips in 2016 in First Test of Kuczynski's Goal

Peru's poverty rate dipped by 1.1 percentage points in 2016 to 20.7 percent, government data showed Wednesday, in line with modest declines seen the prior two years after several years of sharp poverty reduction. In 2016, 264,000 Peruvians left poverty, more than the 221,000 who emerged from poverty in 2015 but fewer than the 289,000 in 2014, in the first test of President Pedro Pablo Kuczynski's ambitious pledge to cut poverty in half by the end of his term in 2021. State...

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