TV News LIES

Friday, Feb 23rd

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.

More...


Most Recent Related Stories...


Deadly Flooding Forces Evacuations Across U.S. South, Midwest

Flooding cuases evacuations in south and midwest Hundreds of people in the South and Midwest have evacuated their neighborhoods, due to snow-melt...

Trump’s Climate-Denying Coal Lobbyist Nominee Inches Closer To EPA’s No. 2 Job

Wheeler, climate denier, inching closer to EPA #2 job Andrew Wheeler, President Donald Trump’s nominee to be Environmental Protection Agency deputy administrator, appeared poised and...

Earthquakes in southern Kansas linked to hydraulic fracturing for oil, gas

Kansas earthquakes linked to fracking Seismographs have documented a significant increase in earthquakes in southern Kansas over the last five...

Migrant boat capsizes leaving Lybia; 90 feared dead

Migrant boat caapsizes, 90 feared dead At least 90 people are feared drowned off the coast of Libya after a smuggler’s migrant...
 
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!