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Brazil Marks 10th Anniversary of Poverty Reduction Program

Rio de Janeiro, October 31( RHC) -- On Wednesday Brazil marked the 10th anniversary of its key poverty reduction program, with President Dilma Rousseff vowing to "sweep poverty out of our country."

The Bolsa Familia or Family Pocketbook program, introduced by former President Luiz Inacio Lula da Silva, aids poor households with a government cash subsidy. In return recipients have to ensure that their children attend school.

Hailing the initiative as simple but effective, Rousseff said the effort has not only helped reduce poverty, but also contributed to the country's economy, noting that for each real invested in the program, the impact on GDP is 1.78 reals.

The program currently aids up to 14 million Brazilian households and, according to Rousseff, has since its launch helped lift 36 million Brazilians out of poverty. The President added that the program will exist as long as there is poverty in Brazil.
Edited by Juan Leandro
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