This past Friday (1/22), the Ecuadorean National Secretariat for Planning and Development announced that approximately 1.5 million Ecuadoreans have been lifted out of poverty since 2007.
The accomplishment is a testament to the impressive job President Rafael Correa has done since taking office in January of 2007.
Correa, who was born into a working class family in Guayaquil (Ecuador’s largest city), campaigned on a platform of drastic social reforms. But unlike many politicians these days, Correa has actually followed through on the promises he made while on the campaign trail.
Under Correa, poverty has dropped by 14%, and extreme poverty has nearly been cut in half, falling from 16.5% in 2007 to just 8.6% in 2014.
Correa’s policies are also reducing income inequality. When he took office, Ecuador’s richest citizens earned approximately 42 times as much as its poorest citizens. By 2014, that number had been cut to just 22 times.
“The model of government has radically changed. Ecuador is a successful country because while reducing poverty, it reduces the gap between the rich and the poor. It has allowed for an increase in consumption and has not registered drops in social indicators. Instead people have climbed the social ladder,”
says Pabel Muñoz, Ecuador’s national secretary for planning and development.
The Correa administration isn’t solely focused on financial reform though. Since Correa was elected, education has also improved in the country. Primary school attendance has risen from 92% to 96%, and the total number of Ecuadoreans enrolled in the public education system has risen by around 1 million.
But Correa’s commitment to social reform may be best evidenced by the drastic increase in social investment since he became president: in 2006, total social investment only equaled about 3.6% of the country’s GDP; today, that number is approximately 11%.
“This is just an example of the achievements of our government, which have been made possible because we have put capital at the service of the people and not the other way around,”
Read the original story from teleSUR.