IMF,WB: Other threats from economic crisis

us:The current economic crisis turns into a human and development crisis, according to an an lisis released today by the International Monetary Fund (IMF) and the World Bank (WB).

Both institutions agreed that the recession was born in the First World, but spread rapidly through developing nations, without exception of any country.

According to the World Monitoring Report 2009: A Development Emergency, the crisis distances the fulfillment of the Millennium Development Goals and creates an emergency for the development of the poor nations, vulnerable due to their lack of resources.

The document assures that the objective of drawing millions of poor people out of their misery until 2015 becomes unachievable as a consequence of the crisis, particularly in Africa.

There are slim possibilities of achieving the goals related with hunger, maternal-child mortality, education and progress in fighting HIV/AIDS, malaria and other important illnesses, alerted both organizations.

Those eight points, with which the international community committed itself directly in the United Nations summit meeting in 2000, to massively reduce poverty in the world.

If reducing by half extreme poverty by 2015 can still be reached, there are abundant risks as over half of the developing countries will increase their extreme poverty level in 2009.Both organizations indicate that between 50 and 90 million persons will be trapped this year in this terrible situation, due to world recession.

Also, the number of people with chronic hunger will rise to more than one billion, which represents a drawback in the fight against malnutrition and it will be especially urgent to invest in agriculture.

The current crisis will affect developing countries for the next two years, with a contraction in export volumen, lower prices and a drop in internal demand, among other consequences, said IMF and the WB.

Based on these facts, several non government organizations are demanding immediate measures, as the international aid to developing countries only reaches 120 billion dollars, very far from what is necessary.

These figures are considered a drop in the ocean compared to the 8.4 trillion dollars mobilized recently to save banks.

Washington, Apr 24 (Prensa Latina)