Big nations urged to halt ‘human calamity’

THE global financial crisis could become “a human and development calamity” for many poor countries, according to the World Bank, which urged donor nations to speed delivery of money they have pledged and consider giving more.

Big nations urged to halt ‘human calamity’

Developing countries, its main constituency, face “especially serious consequences with the crisis driving more than 50 million people into extreme poverty, particularly women and children,” the bank said.

Bank president Robert Zoellick said some of the poorest economies are being hit by “second and third waves of the crisis”. He said no one knows when recovery will begin.

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