How the Commodity Boom Helped Tackle Poverty and Inequality in Latin America

Latin America may be the most unequal region in the world, but it is the only region to significantly lower inequality over the past two decades, and the boom in commodity prices helped make it happen. 

With the boom over, poverty rates are edging up in some Latin American countries, and job creation has slowed. The region needs to find new ways to raise its currently low revenue collection and allow for further spending on key social areas, such as education and healthcare. This will help sustain growth and fight inequality and poverty.

https://blogs.imf.org/2018/06/21/how-the-commodity-boom-helped-tackle-poverty-and-inequality-in-latin-america/