Saturday, Oct 22nd

Last update05:20:13 AM GMT

You are here News Environment Economic crisis hits global poor

Economic crisis hits global poor

E-mail Print PDF

Last year's global slump will 'condemn 53 million more people to extreme povertyThe global financial crisis will condemn about 53 million more people to extreme poverty and contribute to 1.2 million child deaths in the next five years, according to the World Bank and International Monetary Fund (IMF).

More than one billion people, or one-in-six people on the planet, are struggling to meet basic food needs, leading to disease - and ultimately death - in many young children and pregnant women, a report, published on Friday, said.

However, despite these setbacks, the joint reportsaid the overall number of people living on less than $1.25 a day, the definition of "extreme poverty", would fall to 920 million by 2015 compared to 1.8 billion in 1990. This puts emerging nations broadly on track to achieve a United Nations "Millennium Development Goal" of halving 1990 rates of extreme poverty by 2015.

"The financial crisis was a severe external shock that hit poor countries hard," Murilo Portugal, the IMF deputy managing director, said in a statement.


Most Recent Related Stories...

6.6-magnitude quake hits Japan; little damage reported

6.6 earthquake in JapanA suspected 6.2-magnitude earthquake shook western Japan's Tottori prefecture Friday afternoon, causing some injuries and property...

Super Typhoon Haima hits Philippines as equivalent of Category 4 hurrricane

hurricane hits philippinesSuper Typhoon Haima hit the northeast Philippines on Wednesday, bringing gusts of nearly 200 mph --...

Atchison, Kan., residents urged to shelter in place after chemical spill

MGP spillA spill at the MGP Ingredients Inc. chemical plant in the Kansas city of Atchison has...

To The Surprise Of No One, NASA Predicts 2016 Will Be The Hottest Year On Record

  2016 may be hottest yearFollowing the news of yet another “warmest month ever,” NASA has basically called it: This year...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!