WASHINGTON DC / GLOBAL MONITORING REPORT (EMBARGOED UNTIL 23 APRIL 2010 1400 GMT)

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Latest World Bank-IMF report says that the global financial crisis has slowed poverty reduction in developing countries and will continue to have an impact in the next decade and beyond. WORLD BANK
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STORY: WASHINGTON DC / GLOBAL MONITORING REPORT
TRT: 2:04
SOURCE: WORLD BANK
RESTRICTIONS: EMBARGOED UNTIL 23 APRIL 2010 1400 GMT
LANGUAGE: ENGLISH / NATS

DATELINE: APRIL 2010, WASHINGTON DC / FILE

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Shotlist

FILE - JUNE 2009, MADAGASCAR

1. Wide shot, children
2. Various shots, child

FILE – SEPTEMBER 2009, CHINA

3. Close-up, child and mother

FILE – MAY 2008, INDIA

4. Wide shot,

FILE – MAY 2009, SENEGAL

5. Med shot, mother and baby

APRIL 2010, WASHINGTON DC

6. SOUNDBITE (English) Delfin Sia Go, World Bank Group:
“The main points of the Global Monitoring Report of 2010 are that though the economy is recovering, the impact of the financial crisis is long lasting, and will be felt for years to come.”

FILE – MAY 2009, SENEGAL

7. Various shots, street

FILE – FEBRUARY 2009, HONDURAS

8. Wide shot, street
9. Wide shot, house

FILE – MAY 2009, SENEGAL

10. Close-up, child
FILE – SEPTEMBER 2009, CHINA

11. Med shot, people eating

FILE – FEBRUARY 2009, HONDURAS

12. Wide shot, street children

APRIL 2010, WASHINGTON DC

13. SOUNDBITE (English) Delfin Sia Go, World Bank Group:
“For example, prior to the crisis, a lot of progress was being made on a lot of development goals, the millennium development goals, and, as a result of the crisis, there will be persistent gaps, some of the poverty numbers will be slowing down, and so the reduction of poverty will not be as much as before and more of the outcomes on education rates, child mortality rates, maternal mortality and other outcomes will be affected for many years.”

FILE – JUNE 2009, MALAWI

14. Various shots, grain sellers
15. Med shot, money exchanging hands

FILE – FEBRUARY 2009, ETHIOPIA

16. Wide shot, loading boxes

FILE – NOVEMBER 2009, INDIA

17. Med shot, nurses
18. Various shots, babies

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Storyline

A new World Bank and International Monetary Fund report says that the global financial crisis has slowed poverty reduction in developing countries, and will continue to have an impact in the next decade and beyond.

The report says between 2009 and 2015, 1.2 million children under the age of five may die because of the financial crisis. Worldwide, 53 million more people will remain trapped in extreme poverty, in sub Saharan Africa, 20 million more will.

SOUNDBITE (English) Delfin Sia Go, World Bank Group:
“The main points of the Global Monitoring Report of 2010 are that though the economy is recovering, the impact of the financial crisis is long lasting, and will be felt for years to come.”
There is some positive news. Even though poverty is not decreasing as quickly as before the crisis, by 2015 the number of people living in extreme poverty is expected to fall. That means the world will meet the first Millennium Development Goal, of halving poverty between 1990 and 2015.

SOUNDBITE (English) Delfin Sia Go, World Bank Group:
“For example, prior to the crisis, a lot of progress was being made on a lot of development goals, the millennium development goals, and, as a result of the crisis, there will be persistent gaps, some of the poverty numbers will be slowing down, and so the reduction of poverty will not be as much as before and more of the outcomes on education rates, child mortality rates, maternal mortality and other outcomes will be affected for many years.”

Economists note that these numbers would be much more serious had developing countries not entered the crisis with concrete economic and social reforms. And a quick response by countries and international financial institutions also slowed the slide.

Government spending on social safety programs has been relatively steady, so there is some help for those who need it most desperately.

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