World Bank, IMF: Crisis becoming 'human calamity'

WASHINGTON (AFP) ^ | Sun Apr 26, 10:25 pm ET | Veronica Smith

[RC one]

WASHINGTON (AFP) – The IMF and World Bank have warned that the global economic crisis is turning into a "human calamity" and called on members to speed up pledged aid and give even more to help the most vulnerable. At the end of spring meetings in Washington, the two Bretton Woods institutions on Sunday told their 185 member countries that the worst global slump in generations had already driven more than 50 million people into extreme poverty. "The global economy has deteriorated dramatically ... Developing countries face especially serious consequences as the financial and economic crisis turns into a human and development calamity," the International Monetary Fund and World Bank joint development committee said in a statement. "We must alleviate its impact on developing countries and facilitate their contribution to global recovery," the World Bank's policy steering committee said.

[GOP Poet]

And Obama did his part by raising taxes on charitable gifting.

[boycott]

The people of this nation will be driven into “into extreme poverty.” This is just another “distribution of wealth.”

They’re wanting to take away from us and give it to another nation. Obviously, it doesn’t work when it’s done by governements. This just allows for more corruption.

[aimhigh]

The majority of world poverty is caused by corrupt governments. The IMF can stuff it.