Agriculture workers at a strawberry farm in Argentina. Increasing agricultural productivity is one of the World Bank’s goals for the country for the period 2015-2018. Photo by: Nahuel Berger / World Bank / CC BY-NC-ND
Argentina had posted impressive economic growth after its Great Depression in 1998-2002, and became one of the top performers in Latin America and the Caribbean. Its development was accompanied by an increase in social spending, which not only effectively reduced poverty — from 31 percent to 10.8 percent — but also narrowed the inequality gap.
But growth slowed following the 2007-08 global financial crisis and is expected to remain sluggish in the years ahead, so much so that 40 percent of the population is now at risk of falling back into poverty. Environment and natural resources degradation, which has a significant impact on the livelihoods of poor communities, has made it even more difficult to maintain poverty reduction gains.
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