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Article: World Bank Pushes Global Poverty Fixes
- Article from:
- AP Online
- Article date:
- April 13, 2003
- Author:
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Dateline: WASHINGTON
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Global poverty can be cut in half by 2015 if rich countries lower
trade barriers and increase foreign aid, the World Bank said Sunday.
Poor countries can help themselves by investing more in health and
education, the bank said.
But a new bank report said even if worldwide economic growth stays
on track, poverty will remain severe in Africa, where the number of
poor is likely to climb from 315 million in 1999 to 404 million in
2015. Poverty also is on the rise in the Middle East, the bank said.
"Growth alone will not be enough to halve poverty by 2015," said Nicholas
Stern, the bank's chief economist.
"Developing ...