64m More People to Live in Extreme Poverty Worldwide

Because of the global financial crisis and ensuring global recession, some 64 million more people will be living in extreme poverty by 2010.

Because of the continuing global recession, some 64 million more people will be living in extreme poverty by 2010, the World Bank said in a report released Tuesday.

Because of the global financial crisis and ensuring global recession, some 64 million more people will be living in extreme poverty by 2010, the World Bank said in a report released on Tuesday.

The crisis and recession have substantially increased the challenge of meeting the Millennium Development Goals (MDG) targets, according to the World Development Indicator (WDI) 2010 released by the Bank.

During 2000-2008, low and middle income countries averaged economic growth of 6.2 percent a year, and during 1999-2005 the number of people living on less than 1.25 dollars a day fell by 325 million. Read more