TV News LIES

Monday, Jul 28th

Last update06:04:47 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.

More...


Most Recent Related Stories...


Fire teams battle two fast-moving California blazes

Fires in CaliforniaFire crews are battling two fast-moving wildfires in California that threatened many homes and forced hundreds...

Halliburton Fracking Spill Mystery: What Chemicals Polluted an Ohio Waterway?

fracking watersOn the morning of June 28, a fire broke out at a Halliburton fracking site in...

EPA fails to address methane leaks from gas pipelines -watchdog

methane leaking from pipelinesThe internal watchdog of the U.S. Environmental Protection Agency said on Friday that the regulator does...

Wine, Not Gas! New York Residents Fight Gas Storage at Lake Seneca

wine, not gas for Seneca, NYNew York's Finger Lakes region is a national treasure: 9,000 square miles of forest, wetlands, streams...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!