WASHINGTON, Sept.13 -- Developing countries were making significant progress in overcoming poverty until the recent food, fuel, and financial crises, but challenges remain to achieve the Millennium Development Goals (MDGs), the World Bank said Monday.! g! a. b: M8 c
The World Bank said in a report that it will mobilize "significant new funding" for health, education, and agriculture in an effort to help countries achieve their MDGs by 2015.
3 ~- j' h4 p7 w- S The report, entitled "Unfinished Business: Mobilizing New Efforts to Achieve the 2015 MDGs," was released ahead of the high-level summit on the MDGs scheduled later this month at the UN Headquarters in New York. The event was aimed at providing the political impetus needed to tackle the remaining gaps in efforts to facilitate achievement of the goals.
& c$ k& ~* }2 B# Y "In 1981, 52 percent of people in developing countries lived in extreme poverty. By 2005, that rate has fallen to 25 percent, with poverty falling sharply in East Asia, Latin America, and Eastern and Central Europe," said the report.
/ W. n' M4 m. S But the Washington-based organization cautioned that progress had not been shared by all.4 P' f/ g, q( l, }
Sub-Saharan Africa continued to lag in overcoming poverty. Hunger and malnutrition rates had been falling, but progress on meeting the MDGs of halving the proportion of people who suffered from hunger was almost completely reversed in 2008 with the spike in food prices.4 N# S3 n9 K6 T$ |1 J
The World Bank projected that as a result of the food, fuel and financial crises, 64 million more people are living in extreme poverty in 2010, and some 40 million more people went hungry last year.; e/ s# u3 Q5 L1 T/ H% T8 {) N, V4 Q
By 2015, 1.2 million more children under five might die, and about 100 million more people might remain without access to safe water. |