UN says poor nations on track to cut poverty

[cory777]

Source: AP

UNITED NATIONS — The global economic crisis has slowed the fight against poverty but the developing world is still on track to meet a key U.N. goal of halving the number of people living on less than $1 a day by 2015, according to a report released Wednesday.

The U.N. report cited new World Bank estimates suggesting that the crisis left an additional 50 million people in extreme poverty in 2009 and will leave some 64 million impoverished by the end of 2010, primarily in sub-Saharan Africa and eastern and southeastern Asia. Hunger may also have spiked in 2009 — with over 1 billion people undernourished — as a consequence of the global food and financial crises.

The effects of the crises are likely to persist with poverty rates slightly higher than they would have been had the world economy grown steadily at its pre-crisis pace, it said.

Nonetheless, Secretary-General Ban Ki-moon said the report shows that despite the financial, food and fuel crises, "the world is still making progress on reducing poverty, albeit more slowly."

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[DJ13]

1. ..... and rich nations on track to increase their own poverty

[pampango]

2. The overall poverty rate is still expected to fall..., due mainly to sharp declines in China and

"Nonetheless, Secretary-General Ban Ki-moon said the report shows that despite the financial, food and fuel crises, "the world is still making progress on reducing poverty, albeit more slowly.""

"The overall poverty rate is still expected to fall to 15 percent by 2015, due mainly to sharp declines in China and elsewhere in Asia, which means that around 920 million people would be living below the international poverty line. "That is half the number in 1990," Ban said, which means the U.N. goal would be met."

""This report shows that economic uncertainty cannot be an excuse to slow down our development efforts." Ban said at a news conference. "It is a reason to speed them up." He stressed that "stubborn gaps persist between rich and poor, between rural and urban, between males and females.""