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Poverty reduction goal in sub-Saharan Africa unattainable: WB
Monday, 25 January 2010 14:42
The World Bank (WB) forecasts that the objective of reducing poverty in sub-Saharan Africa by 2020 will not be attained despite the desire to considerably reduce this scourge by 2015.

In a report titled "Global Economic Perspectives", which was made known on Thursday in the Senegalese capital Dakar at a video- conference from Paris, the WB affirmed that the financial crisis has put off the fulfillment

of the Millennium Development Goals.

According to the bank, sub-Saharan Africa will need additional 35 billion U. S. dollars to 50 billion dollars to ease the poverty pressure

resulted from the global financial and economic crisis. The money is needed to keep the on-going programs on course, the WB report said.

The financial institution also predicts a weak economic growth in sub-Saharan Africa due to low production in the coming years, putting the

average growth at 3.8 percent in 2010.

Source: GNA
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