UN / GLOBAL MONITORING REPORT

The World Bank/IMF's Global Monitoring Report 2009 warns that the global economic crisis is creating a development emergency, taking a heavy human toll on many poor countries. The report comes at the start of the World Bank /IMF Spring Meetings in Washington DC. WORLD BANK

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:41
• Production Date: 24 April 2009
• Asset Language: Original
• Corporate Name: WORLD BANK
• Subject Topical: ECONOMIC CONDITIONS
• Geographic Subject: BURKINA FASO; KENYA; LIBERIA
• MAMS Id: U090424e

Description

STORY: UN / GLOBAL MONITORING REPORT
TRT: 1.41
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 20 APRIL 2009, WASHINGTON DC

Shotlist

FILE – WORLD BANK – MARCH 2009, LIBERIA

1. Med shot, girl peeling vegetables
2. Med shot, woman cooking
3. Wide shot, men walking

20 APRIL 2009, WASHINGTON DC

4. SOUNDBITE (English) Joy Phumaphi, Vice President Human Development, World Bank:
“We are facing a human crisis of unimaginable proportions, and we need to respond quickly. We need to respond correctly – in the right way and we need to respond in the right places”

FILE – WORLD BANK - APRIL 2002, KIBERA, NAIROBI, KENYA

5. Zoom out, slum neighborhood
6. Wide shot, kids walking through muck in the street

20 APRIL 2009, WASHINGTON DC

7. SOUNDBITE (English) Zia Qureshi, Lead Author Global Monitoring Report 2009, World Bank:
“Growth in developing countries in 2009 is now projected to be only 1.6 percent, which is only about a quarter of what was projected just before the crisis and this implies declining per capita income in more than fifty developing countries.”

FILE – WORLD BANK – APRIL 2008, BURKINA FASO

8. Wide shot, kids pulling cart
9. Wide shot, boy on cart
10. Zoom out, child with mother
FILE – WORLD BANK - OCTOBER 2007, TANZANIA

11. Tilt down, sign for “doctor”

FILE – WORLD BANCK – MARCH 2009, LIBERIA

12. Wide shot, street

20 APRIL 2009, WASHINGTON DC

13. SOUNDBITE (English) Joy Phumaphi, Vice President Human Development, World Bank:
“It is critical that we become very strategic in how we respond to the crisis, learning from countries that have been through this kind of nightmare.”

FILE – WORLD BANK – OCTOBER 2007, SINGAPORE

14. Wide shot, buildings

Storyline

The global financial crisis is creating a development emergency, reducing poor people’s incomes, increasing hunger and offsetting efforts to tackle major diseases like HIV/AIDS, malaria, and tuberculosis.

The survival of millions of poor people is at risk unless the developed world commits to help, according to the World Bank.

SOUNDBITE (English) Joy Phumaphi, Vice President Human Development, World Bank:
“We are facing a human crisis of unimaginable proportions, and we need to respond quickly. We need to respond correctly – in the right way and we need to respond in the right places”

The Global Monitoring Report projects a rise this year in the number of extreme poor in half of all developing countries, and in three quarters of Sub-Saharan Africa. Fifty five to 90 million more people could be trapped in extreme poverty as a result of the crisis, according to World Bank estimates.

In addition, over a billion people will be chronically hungry in 2009, reversing gains in the fight against malnutrition, endangering pregnant women and their babies, and stunting the development of young children.

The crisis will also set back progress made in educating poor children—especially girls. Health repercussions will be the gravest, with slowed or halted progress in fighting HIV/AIDS, malaria and other deadly diseases.

Many developing countries will be affected by slow growth in the next two years, says the report’s lead author:

SOUNDBITE (English) Zia Qureshi, Lead Author Global Monitoring Report 2009, World Bank:
“Growth in developing countries in 2009 is now projected to be only 1.6 percent, which is only about a quarter of what was projected just before the crisis and this implies declining per capita income in more than fifty developing countries in 2009.”

That means lower incomes, fewer jobs and higher food and medicine prices. Social protection programs are needed to shield the poor from immediate hardship and to give them access to essentials like food, health care and education, in order to prevent a downward spiral. A coordinated global response is needed to tackle the worldwide slump.

SOUNDBITE (English) Joy Phumaphi, Vice President Human Development, World Bank:
“It is absolutely critical that we become very strategic in how we respond to the crisis, learning from countries that have been through this kind of nightmare before.”

The authors said international financial institutions will have to play a key role in bridging the financing gap as private capital flows to poor countries have dried up.