This report looks at the conditions under which 18 Latin American and Caribbean countries would individually be able to meet the extreme poverty reduction target established in the Millennium Declaration as one of the United Nations Millennium Development Targets. The 18 countries considered in this report are Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela. The question that the report seeks to answer is whether or not each country will succeed in halving its extreme poverty rate as of 1999 (with respect both to an international poverty line which corresponds to the original dollar-a-day line and to a countryspecific poverty line) by the year 2015.