InfoAnda - World Bank, IMF say crisis becoming 'human calamity'

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China urges bosses to help with labor stability | International | | 3 March 2009
State of emergency declared in parts of Somalia | 14 August 2011
Chicago court OKs $10 refunds for ringtones, games | 11 November 2009

Merchant, Smoove join Farrelly brothers comedy | | 22 February 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : World Bank, IMF say crisis becoming 'human calamity'

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: World Bank, IMF say crisis becoming 'human calamity' AFP - 1 hour 43 minutes ago WASHINGTON, (AFP) - - The IMF and World Bank have warned on Sunday the global economic crisis is turning into a "human calamity" and called on members to speed up pledged aid and give even more to help the most vulnerable. ADVERTISEMENT At the end of spring meetings in Washington Sunday, the two Bretton Woods institutions told their 185 member countries that the worst global slump in generations had already driven more than 50 million people into extreme poverty. "The global economy has deteriorated dramatically ... Developing countries face especially serious consequences as the financial and economic crisis turns into a human and development calamity," the International Monetary Fund and World Bank joint development committee said in a statement. "We must alleviate its impact on developing countries and facilitate their contribution to global recovery," the World Bank's policy steering committee said. Pledges of aid by countries, including by the Group of 20 countries at a London summit earlier this month, should be delivered, it said. "We urged all donors to accelerate delivery of commitments to increase aid, and for us all to consider going beyond existing commitments," the committee said. How to help the developing world cope with the worst global slump since the 1930s Great Depression was top of the agenda for the bank's steering committee meeting that wrapped up the sibling institutions' two-day gatherings. "No one knows how long this crisis will last," World Bank president Robert Zoellick told a news conference. Although the bank's finances are "in a strong position to help our partner countries," he said, the crisis was putting the United Nations' Millennium Development Goals to reduce poverty by 2015 increasingly at risk. The World Bank Saturday launched a 55-billion-dollar infrastructure investment program designed specifically to help developing countries weather the global slump. US Treasury Secretary Timothy Geithner told the committee that Washington was "on track" to meet a pledge to double development aid to Sub-Saharan Africa by next year and would increase other help "to vulnerable populations ... so that we can give people the tools they need to lift themselves out of poverty." No new pledges of aid were announced for the World Bank or for the IMF at the meetings, which followed up on the G20 commitment of more than 1.1 trillion dollars to multilateral institutions, mostly to the IMF, at a London summit on April 2. The IMF's policy steering committee endorsed Saturday a massive expansion of the fund's lending resources to combat the recession and boost lifelines to poor countries. The IMF recently forecast the global economy would contract 1.3 percent this year before growth of 1.9 percent in 2010. IMF head Dominique Strauss-Kahn said Saturday it was time to talk exit strategies from the crisis after all members had agreed on the fiscal stimulus measures taken and "on the absolute necessity of cleansing the financial system." The International Monetary and Financial Committee (IMFC) said a key achievement of the meeting was "ensuring the doubling of the Funds loanable resources." Strauss-Kahn said the IMFC also discussed the sale of IMF bonds to member states to raise extra funds, a move allowed by fund rules but never exercised. The sale of bonds is linked to the issue of IMF quotas and approved but as yet not enacted reforms to give developing countries more voice in the institution, traditionally dominated by the United States and other major advanced economies. "The Bank and IMF said all the right things, but the true test is whether their rich country shareholders will turn words into action," said Marita Hutjes, senior policy advisor at anti-poverty group Oxfam International. "Contributions to the bank and the IMF for the poorest countries are needed now. Bureaucratic delay and lack of political will on this will cost lives," Hutjes warned. Meanwhile, China called for reform of the global currency system, dominated by the dollar, which it said is the root cause of the crisis. Chinese Vice Finance Minister Li Yong said the "flawed" international monetary system is "a major defect in the current international economic governance structure." At the closing news conference, Zoellick and Mexican Finance Minister Agustin Carstens announced that the World Bank would speed more than 205 million dollars to Mexico to support the government's efforts to fight the spread of a new swine flu virus that has killed at least 20 people. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Euro drops steeply vs yen on risk aversionReuters - 1 hour 15 minutes ago US group appeals to China to avoid protectionismAP - 1 hour 18 minutes ago F&C AuM dip 6 pct in Q1, in JV with China's Hua XiaReuters - 1 hour 25 minutes ago World Bank, IMF say crisis becoming 'human calamity'AFP - 1 hour 43 minutes ago Related Articles: Business China's CNPC poised for $3 bln dollar-bill issueReuters - 40 minutes ago Sharp posts 125.8 billion yen annual lossAP - 40 minutes ago BOJ FOCUS-Bank of Japan to predict deeper slump, hold ratesReuters - 43 minutes ago NEC Electronics, Renesas to merge chip businessesAP - 53 minutes ago US businesses fret China, US protectionism may riseReuters - 55 minutes ago Enlarge Photo World Bank, IMF say crisis becoming 'human calamity' Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Obama dominates in first 100 days 'Golden Girls' Beatrice Arthur, dead at 86 Charred meat linked to pancreatic cancer risk $1 tln at risk in German banks: report Downturn hits Elton John, Paul McCartney View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 27 April 2009
Ecuador votes, Correa expected to win easily | International |
Karzai signed law not knowing contents: campaigners | International |
Page Not Found |
Beyonce's catfight thriller leads box office | Entertainment |
Global concerns over flu outbreak, over 100 dead | International |
Jailed U.S.-Iranian reporter said "very weak"
Ecuador's Correa cruises to re-election victory | International |
Iraq says U.S. raid violated security pact
Radical cleric breaks off talks in Pakistan's Swat | International |
Iraq PM: Deadly US raid 'breach' of security pact
Global ministers warn of risk of rising poverty | International |
Iraq: US raid 'crime' that breaks security pact
Attenborough, Branagh honoured at Britain's Baftas
Yemen frees ship, captures pirates | International |
Iraq PM says can confirm insurgent leader arrest
IMF, World Bank focus on aid for poor countries
Iraq says U.S. raid violated security pact | International |
Afghan blasts, shootings kill 14
Button extends title lead with Bahrain GP win
Darfur rebels get death sentence for 2008 attack
Swine flu fears close schools in NY, Texas, Calif.
US-TECH Summary
Doctors urge baseline test for prostate cancer
College Fest Partygoers Start Street Fires After Police Break Up Crowd In Ohio
Facebook plans to give developers more access: source
U.S. Announces Emergency Plan To Combat Swine Flu
Doctors warn about camphor poisoning in children
Tornadoes Hit Kansas, Missouri; Lightning Kills Motorcyclist
Obama's e-government off to good start
Study links ADHD medicine with better test scores
An Error has occured |
Robert Blake Nominated As New State Dept. Assistant Secretary For South Asia
Qualcomm settles Broadcom dispute for 891 mln dlrs
Qualcomm to pay Broadcom $891 million to settle litigation | Technology |
Firefighting Plane Crashes In Utah, 3 Killed
Chrysler reaches labor deals in fight for survival
Two Men, Suspect, Shot in Virginia College Dorm
Moscow cop kills 3, injures 6 in shooting spree
Pediatricians adopt new term for shaken baby abuse
Artist James Rosenquist's Home, Work Destroyed By Florida Wildfire
Probable Mexico swine flu death toll
Man Shot Dead After Killing 2 Florida Deputies
Berlin religion referendum fails
The Dalai Lama serves hope to SF homeless
Clinton In Unannounced Visit To Lebanon
Albania to lodge EU candidacy papers Tuesday: PM
Kansas County Records 2 Swine Flu Cases
Sheriff: Soldier killed 2 Fla. deputies in arrest
US mulls informal talks with Cuba: report
Priest, wife hacked to death in Indonesia: police
China bans pork imports from Mexico, parts of US
Radical cleric breaks off talks in Pakistan's Swat
Graft charges dropped against Bangladeshi PM
Flu outbreak closes theaters in Mexico | Entertainment |
42 Vietnamese fishermen detained in Malaysia
SKorean firm to start tours along NKorea border
Ghost story scares up interest at Tribeca fest | Entertainment |
China, Taiwan deals signal more cooperation
TV ownership no bar to welfare, says Malaysia
Sri Lanka troops in pre-dawn attack on Tigers
NEC Electronics, Renesas to merge chip businesses
Nearly 20 pct of Asia hedge funds close since '08
Report: Filipino radicals help Indonesia brethren
Japan chipmakers NEC Electronics, Renesas to merge
US group appeals to China to avoid protectionism
Japan's Sharp reports 1.3 bln dollar annual loss
Saudis use soft touch to 'save' former militants
Seoul shares end lower as banks, techs decline
Chinese massacre movie reports strong opening
World Bank, IMF say crisis becoming 'human calamity'
Two French films win top prizes at LA festival
Macau Sands casino up for sale: report
Flu outbreak closes theaters in Mexico
Controversial Vietnam mine project to proceed
Philippines warns on hugs, kisses over flu fear
Daihatsu suffers first profit fall in seven years
Ghost story scares up interest at Tribeca fest
Indonesian president's party backs his re-election
Father of Jamie Lynn Spears' baby injured in crash
Attenborough, Branagh honoured at Britain's Baftas
Tyra to testify at alleged stalker's NYC trial
'Obsessed' movie goers flock to Beyonce thriller
Israeli official: Swine flu name offensive
Abbas says won't recognise Israel as Jewish state
Police kill leftist militant in Istanbul gunbattle
Sri Lanka says combat gives way to rescue | International |
GM to trade debt for stock to avoid bankruptcy
Bin Laden could be dead, whereabouts unknown: Zardari | International |
Abbas won't be pressured into talks with Israel
Swine flu spreads economic shivers
Police kill leftist militant in Istanbul gunbattle | International |
British PM Brown in surprise visit to Afghanistan
British insurer Aviva sales rise five percent
Brown takes new strategy to Afghanistan, Pakistan | International |
Five suspected militants killed in Afghanistan
Weak U.N. nuclear watchdog eroding non-proliferation | International |
US auto union strikes tentative deal with Chrysler
No rejoicing for Israeli Arabs on Independence Day | International |
Clinton tells nations US acting on climate change
Study: SE Asia will be hit hard by climate change
Court refuses appeal from reputed drug kingpin
UK rules out government database of emails, phones | Technology |
New York City Parochial School Closed After 8 Students Confirmed With Swine Flu, While 100 More Have Flu-Like Symptoms
Pirate Bay lawyer files for retrial, cites bias | Technology |
Pirate Bay lawyer files for retrial, cites bias
Feds: Ga. shooting suspect's passport is missing
President Barack Obama's Addresses National Academy Of Sciences, Pledges To Boost Science
CDC Offers Steps To Avoid Getting, Spreading Swine Flu During Current Outbreak
Apple "say on pay" motion approved by shareholders
Clinton tells nations US acting on climate change
Apple say on pay motion approved by shareholders | Technology |
One In 50 Children Homeless In U.S.; Recession And Loss Of Jobs, Along With High Rents, Blamed
Conficker virus begins to attack PCs: experts | Technology |
FL Attorney General Extends Condolences To Families Of Slain Deputies
GM to cut 21,000 US factory jobs, shed Pontiac
FL Attorney General Warns Homeowners Not To Fall For Scams Related To Tainted Chinese-Made Drywall
Cult leader escapes French island jail
Facebook costs Swiss woman her job | Technology |
FDA: Raw Alfalfa Sprouts Linked To Salmonella Contamination
Father: US journalist jailed in Iran 'very weak'
China Suspends Pig Product Imports From Mexico, Parts Of The U.S.
Lavrov talk on EU eastern influence 'nonsense': EU
CDC: Practical precautions can help avoid flu
Most families allow media to cover fallen soldiers
Ex-OC sheriff to get sentence on felony conviction
Bats may be linked in Philippines Ebola cases
Sri Lanka to stop airstrikes, shelling of rebels
Afghan president promises change in marriage law
Beyonce's catfight thriller leads box office | Entertainment |
Taliban derides 'worthless' truce with Pakistan
Sri Lankan army stops using 'heavy weaponry'
Hong Kong woman tested for swine flu: official
Taliban: Peace pact with Pakistan is 'worthless'
Pakistani stocks down 3.6 pct; rupee flat
British PM: Af-Pak border 'crucible of terrorism'
Chinese bank ICBC says 1Q profit up 6 percent
Southeast Asia prepared for swine flu outbreak: ASEAN
Mitsubishi slips into red but sees return to black
Khmer Rouge jailer: infamous regulations sign fake
Sharp posts $1.3 bln loss as TV, gadget sales dive
ANA to post smaller than expected loss
Taiwan dollar down on swine flu, exporters absent
German Allianz mulls partial sale of ICBC stake
Japan says economy to shrink 3.3 percent this year
Sharp posts 125.8 billion yen annual loss
Edgar Allan Poe to be honored with Boston square
Two killed in Georgia 'Star Academy' studio collapse: official
Christian priest, wife killed in eastern Indonesia
Acropolis museum to open in June: minister
Beyonce's catfight thriller leads box office
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01