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Poverty declines in Nicaragua from 1993-2001; More than 2/3 of people in rural areas continue to live in poverty.

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M2 PRESSWIRE-2 June 2004-WORLD BANK: Poverty declines in Nicaragua from 1993-2001; More than 2/3 of people in rural areas continue to live in poverty(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:06022004

Managua -- In spite of drought, the onset of a coffee crisis, and the devastation of Hurricane Mitch, overall poverty in Nicaragua fell from 50.3 percent in 1993 to 45.8 percent in 2001. According to the World Bank's Nicaragua Poverty Assessment, however, extreme poverty in Nicaragua continues to be overwhelmingly rural, where more than 25 percent of the population struggle to survive on less than one dollar per day.

"Nicaragua's advances in poverty reduction over the last ten years are encouraging, but we also realize there is much to be done, particularly in improving the conditions of the poor in rural areas," said Amparo...

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