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Politics : Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc
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To: Sidney Reilly who wrote (636)10/17/1998 1:06:00 PM
From: SOROS   of 1151
 
BBC - London - 10/17/98

UNDP says rich not doing enough to help poor

A quarter of the world's population earns less than $1 a day, a United Nations report says.

The UN Development Programme's annual report on poverty says this is partly due to low levels of aid from the rich nations.

It says none of the wealthy G7 countries - the US, Japan, Britain, Germany, France, Italy and Canada - has met the higher UN aid
target of 0.7% of GDP.

The report criticises the world's rich countries for failing to aid the poor. It says the scale of human poverty at the end of the 20th
Century is an affront to human dignity.

However, the UNDP says many countries have little hope of escaping poverty due to "the feeble efforts of their own governments".

Less than a quarter of them have set targets for poverty reduction and many have failed to deliver on their grand promises, it says.

The report says:

1.5bn people in developing countries earn less than $1 a day Aid from donor countries is at an all-time low Many of the poorest
countries are burdened with crippling debts which should have been cancelled long ago Unless action is taken a third of the world's
poor will continue to be enslaved by poverty in the next century South Asian countries have to use more than 20% of export
earnings to repay loans.
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