- Global poverty rolls projected to surge, By Annys Shin, September 17, 2009, Washington Post: “The global recession is expected to push 89 million more people into extreme poverty by the end of 2010, the World Bank said Wednesday as it called on the leaders of the 20 largest economies to engage in ‘responsible globalization.’ Although economic data show that the worst recession of the post-World War II era might have ended in the United States, and global trade has begun to pick up, low-income countries are still reeling from the effects of a financial crisis created by their wealthier counterparts…”
- World Bank says don’t forget poor amid crisis, By Tom Barkley, September 17, 2009, Wall Street Journal: “Group of 20 nations emerging from recession shouldn’t forget poorer countries, which face funding needs of $11.6 billion just to maintain spending on basic services like health and education, the World Bank said Wednesday. In a report prepared for G-20 leaders meeting in Pittsburgh next week, the bank warned that the global crisis is poised to push an additional 89 million people into extreme poverty by the end of next year if additional help isn’t provided. ‘The poorest countries may not be well represented on the G-20, but we cannot ignore the long-term costs of the global downturn on their people’s health and education,’ World Bank President Robert Zoellick said in a statement…”
Poverty-related issues in the news, from the Institute for Research on Poverty