Money—With Strings—to Fight Poverty

摘要

In 1995, the peso's devaluation plunged Mexico into its worst economic crisis in half a century. For years, the government had helped those in poverty by subsidizing the price of staples such as tortillas and milk. But that meant that the rich and middle class who didn't need help got it anyway, wasting scarce government resources. Mexico needed to target the most destitute.