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Poor Countries Lack Assistance – World Bank

Monday, April 23, 2012 - 17:15
Majority of people living in developing world lack a proper safety net to protect them against the global financial crisis

The World Bank says that three out of five people in the developing world lack a proper safety net to protect them from the shockwaves caused by the global financial crisis and rising commodity prices.

Announcing a new focus on social and labour protection, World Bank president, Robert Zoellick, pointed out that in the world's poorest countries 80 percent of the population were left without assistance during tough times.

"Effective safety net coverage overcomes poverty, and promotes economic opportunity and gender equality by helping people find jobs and cope with economic shocks, and improving the health, education, and well-being of their children," explained Zoellick.

To read the article titled, “World Bank says poor countries lack assistance,” click here.

Source: 
Mail & Guardian