Saturday 19 June 2010

POVERTY: World Bank predicts increase unless--

Jakarta: The number of extremely poor people in developing countries would increase by 26 million by the year 2020, the World Bank has said.
“Over the next 20 years, the fight against poverty could be hampered if countries are forced to cut productive and human capital investments because of lower development aid and reduced tax revenues,” World Bank said in its statement.
If bilateral aid flows declined, as they had in the past, this could affect long-term growth rates in developing countries, potentially increasing the number of extremely poor in 2020 by as much as 26 million, it said.

http://www.livemint.com/2010/06/11153632/WB-predicts-greater-poverty-in.html

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