* Financial Crisis and Fragile Countries (pdf)
* Fragile states are less resilient to external shocks than other countries
* One billion people live in fragile and conflict-affected states; poverty rates average 54 percent
* Impact of the financial crisis on fragile and conflict-affected areas is discussed at the Bank-IMF 2009 Annual Meetings
Fragile and conflict-affected areas of the world face heightened risks following consecutive crises affecting food, fuel, and the global economy, the World Bank warns.
“Shocks that have occurred within the international financial system also affect countries where there is fragility,” says Alastair McKechnie, director of the World Bank's Fragile and Conflict-Affected Countries Group.
“Those countries, almost by definition, are less able to cope with external shocks and crises. Therefore, there is a risk that social tension and violence could increase in some countries,” says McKechnie.
See full Press Release.
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