According to a report presented by the International Monetary Fund (IMF) and the World Bank (WB), the number of people in extreme poberty it would grow from 55 million to 90 million people due to the global recession. Although efforts are being made to avoid this problem, there is no sign of improvement in a short time.
Despite this, the 'Global Monitoring Report 2009: A Development Emergency' considers that the extreme poberty it can be reduced by 15% by 2015, compared to 1990 figures. It also accounts for the possible growth of extreme poverty in more than half of the developing countries. Most alarming, the report says, is the possibility that Africa and low-income countries are the most affected.
These alarming possibilities occur because in the next two years, the contraction of export volumes, the decrease in domestic demand and the drop in prices are expected. Accompanied by a decrease in remittances, which are of great help to millions of people in the world.
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