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1 million escaped poverty in Latin America and Caribbean in 2012; 167 million still poor

The United Nations says poverty in Latin America and the Caribbean has dropped to its lowest level in three decades.

U.N. regional economic chief Alicia Barcena says that despite lower poverty levels overall, 167 million people in the region still live in poverty. That's one million fewer than in 2011, and it represents about 29 percent of the region's population.

Of those, 66 million people remain stuck in extreme poverty, the same as last year.

The numbers come from the UN regional economic commission's annual report, released Tuesday.