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Friday, April 9, 2010

The big post-crisis takeover: Trends in IFI lending to low income countries http://www.eurodad.org/whatsnew/articles.aspx?id=4066

The financial and economic crisis has affected developing countries dramatically: they are the countries that have been hardest hit in terms of social and human impacts. By the end of 2010, an additional 90 million people will have fallen under the poverty line. The compounded effects of an increase in needs as a result of the crisis, and a decrease in available finance for the world’s poorest countries, has left a financing gap of billions of dollars. In 2009, developing countries faced a financial shortfall of $ 690 billion. In 2010, unmet financial needs of developing countries remain high at $ 315 billion indicating this financing gap is likely to persist over the coming years.

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