Poor People Will Pay Heavier Toll
Douglas Alexander, UK's Secretary of State for ID | April 1, 2009
Developing countries —even if not located at the at the center of the crisis— will feel the impact of the financial crisis’ “second wave.” ++ As remittances decline and demand for exports falls, poor households will find it increasingly difficult to save the money necessary to provide for education and good food quality. ++ In the face of human suffering we should not wash our hands off responsibility. ++ Rather, we should secure effective lending from multilateral development banks as well as “keep markets open and keep aid flowing."
