Poverty and Labor Briefs is a semiannual series produced by the Latin America and the Caribbean Poverty Gender and Equity Group (LCSPP) of the World Bank. The briefs track and benchmark poverty and labor outcomes in the region using harmonized databases of socio-economic and labor market statistics.
Latin America and the Caribbean (LAC)
have faced extraordinary challenges over the last three
years that reverted the social gains of the previous two
decades. The COVID-19 pandemic resulted in severe health
impacts and a reversal in many of its socioeconomic gains.
The unprecedented disruption to education and health during
the COVID-19 pandemic will leave lasting scars on human
capital accumulation and the welfare of an entire LAC
generation. A year after the onset of COVID-19, the region
is bouncing back, yet not sufficiently fast to put the worst
effects of the pandemic behind it. Despite the challenges
ahead, the LAC region has the potential to overcome them in
its traditional areas of comparative advantage and the
opportunities arising from resilient green growth. It needs
to take advantage of its comparative advantage in the green
economy. The transition to the green economy can be an
opportunity to improve well-being in the region by creating
new quality jobs, enhancing labor incomes, and contributing
to poverty reduction.