Malawi said on Monday, that despite recent efforts to grow the economy, it would be unable to meet the UN target date of halving poverty by 2015.
A welfare monitoring survey conducted by the Ministry of Economic Planning and Development indicated that poverty dropped to 45 percent in Malawi in 2006, from 53.9 percent in 1998, but despite this drop, poverty levels still remain very high.
A comprehensive overhaul of the worlds key financial institutions and drastic changes to the rules of international trade are necessary if poor countries are to achieve the Millennium Development Goals by 2015, Indian Foreign Minister Pranab Mukherjee meanhwhile said Monday at the general debate of the 62nd session of the UN General Assembly.
Kilde: www.worldbank.org
