From Monsters and Critics, we find out more of the study's contents.
In Brazil, Chile, Ecuador and Panama the reduction was around 10 per cent, where income distribution was also greatly improved.
'There is a generalized trend towards the reduction of poverty, with the exception of Costa Rica,' ECLAC's executive secretary Alicia Barcena said.
The progress, which still leaves Latin America with some 180 million poor, was accomplished by countercyclical fiscal and social policies.
'This is the first time in history in which Latin America managed to reduce poverty immediately after an economic crisis like that of 2008-9,' Barcena noted.