RIO DE JANEIRO, BRAZIL - The monthly R$600 (US$120) emergency aid distribution to half of the Brazilian population made the country record its lowest extreme poverty rate in 44 years in June, according to a survey by IBRE/FGV (Brazilian Institute of Economics of the Getúlio Vargas Foundation).
Between May and June, the number of Brazilians living below the poverty line dropped from 8.8 million (4.2 percent) to 6.9 million (3.3 percent). Families living on less than R$154 per month per person are classified as living in extreme poverty.
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