The financial crisis is fast becoming a human crisis.
As many as 53 million more people could be trapped in poverty as economic growth slows around the world, according to new World Bank forecasts.
And in a blow to efforts to reduce infant mortality, between 200,000 and 400,000 more babies could die each year between now and 2015 if the crisis persists, the Bank predicts.
The new forecasts precede a meeting of the G7 finance ministers this weekend in Rome.
World Bank President Robert B. Zoellick will be at the meetings. He has urged developed countries to set aside 0.7 percent of their economic stimulus packages for a special Vulnerability Fund for developing countries.
See full Press Release.
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