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| HONG KONG |
Hong Kong is seeing a growing gap between rich and poor as welfare groups warn increased numbers of people are living below the poverty line, reports showed Monday.
"I'm worried the situation will worsen," as the recovery of the global economy has been set back by the terrorist attacks in the United States, said Li Kin-wah, spokesman for the Livelihood 21, an alliance comprising more than 20 welfare groups.
Li called on the government to set up an "anti-poverty" committee and use financial reserves to create more jobs.
The alliance in its latest survey found some 1.24 million people, out of Hong Kong's 6.7 million population, were living below the poverty line last year with an average income of less than 2,250 Hong Kong ... |
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| ISLAMABAD |
Pakistan Sunday welcomed the US decision to waive sanctions imposed on Pakistan and India after the two South Asian rivals staged tit-for-tat nuclear weapons tests in 1998.
"This is a positive move and I think we appreciate it very much," Finance Minister Shaukat Aziz said in an interview with CNN.
In waiving the sanctions on Saturday, US President George W. ... |
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| OUAGADOUGOU |
The World Bank announced Saturday it is to lend a further 45 million dollars (49 million euros) to the impoverished state of Burkina Faso next March, to improve health, education and rural development.
The loan follows the ... |
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| WASHINGTON |
The IMF on Friday expressed satisfaction with Nepal's economic progress and said the challenge for authorities now is to sustain growth and reduce poverty.
The International Monetary Fund executive board, according to a summary ... |
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| ISLAMABAD |
The IMF is looking favourably at Pakistan's request for a 2.5-billion-dollar loan, as Islamabad braces for the economic fallout of possible US military strikes against Afghanistan, a UN official said Friday.
UN Development ... |
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| WASHINGTON |
The IMF executive board on Thursday gave preliminary approval to a three-year credit worth 169 million dollars for Sierra Leone to help the conflict-riven West African nation fight poverty.
Final approval for the credit, called ... |
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| LUSAKA |
The Zambian government has said it will host a national summit next month on reducing poverty in the impoverised southern African country.
The summit, to be attended by a cross-section of Zambian society, will be held between October 15-18, Boniface Nonde, permanent secretary in the ministry of finance, said on Tuesday.
He said the summit will "establish why poverty still looms large even after the strong efforts in the past to eradicate it".
The Zambian government has come up with a draft document called the Poverty Reduction Strategy ... |
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| LILONGWE |
Malawi's economic experts Monday warned of increased poverty in their donor-dependent country, as they prepare to ask donors for a billion dollars in debt relief.
The economists are drafting a paper on poverty reduction to be ... |
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