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The COVID-19 pandemic has sent a wave of poverty racing across Latin America, deepening declines that began over the past decade and consigning millions to lives of deprivation. The world’s most unequal region saw 22 million people — the equivalent of everyone in New York state — join the ranks of the poor from 2019 to 2020, unable to meet basic needs. In all, about one-third of Latin America’s roughly 600 million residents live in poverty or what the United Nations defines as extreme poverty: subsisting on less than $1.90 a day. Short of vaccines and hospital beds, Latin America has been uniquely hard-hit due to the intensity of the pandemic and the steepness of its recession, the worst in two centuries. The region accounts for about 30% of the world’s Covid-19 deaths, despite having only 8% of its population. Its economy contracted 7% last year, more than double the decline of any other region.

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