The report on poverty reduction in Mexico outlines three key policy areas necessary for eradicating extreme poverty: inclusive growth, efficient social policy, and infrastructure to address vulnerability.
Rapid economic growth is essential but must be inclusive. This involves closing gaps in female employment, improving living conditions for rural households, and enhancing productivity and social protection for informal sector workers.
Efficient social policy is crucial as poverty in Mexico is defined not only monetarily but also through deficiencies in education, health, housing, social security, and food security. The report emphasizes reducing deficiencies in social security to quickly reduce extreme poverty. It highlights the need for reforms in social insurance and assistance services to ensure equitable access and funding.
Reducing vulnerability to poverty is another focus area due to the impact of extreme climate events. Public policies should aim to decrease this vulnerability by investing in infrastructure like sanitation and transportation, particularly in rural areas. Adaptive social protection mechanisms are recommended to address climatic risks effectively.
The report concludes that while eradicating extreme poverty poses a significant challenge, it remains achievable for Mexico with concerted efforts.