Because of the global financial crisis and ensuring global recession, some 64 million more people will be living in extreme poverty by 2010, the World Bank said in a report released on Tuesday.
The crisis and recession have substantially increased the challenge of meeting the Millennium Development Goals (MDG – 2015 Målene) targets, according to the World Development Indicator (WDI) 2010 released by the Bank.
This comes after very encouraging signs: During 2000-2008, low and middle income countries averaged economic growth of 6,2 percent a year, and during 1999-2005 the number of people living on less than 1,25 dollars a day fell by 325 million.
A total of 94 million Latin Americans were living in 2005 with less than two dollars a day, representing 17,1 percent of the total population, reported the World Bank.
This figure was remarkably better than in 2002, when 114 million were living with less than two dollars a day, or 21,6 percent of the total, according to the report World Develop-ment Indicators.
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