11 Apr '11, 12am

World Bank targets conflict in war against poverty

World Bank targets conflict in war against poverty

WASHINGTON: Conflict and violence are holding back global economic growth and trapping 1.5 billion people in dire poverty, the World Bank said Sunday, calling for an international effort to break the cycle. In countries affected by repeated cycles of political and criminal violence, poverty rates are 20 percentage points higher than in other countries, the World Bank said in a new report. "If we are to break the cycles of violence and lessen the stresses that drive them, countries must develop more legitimate, accountable and capable national institutions that provide for citizen security, justice and jobs," said World Bank president Robert Zoellick. The 2011 World Development Report examines how conflict and violence affect economic development and the lessons to be learned from countries' successes and failures in overcoming those challenges. The study ranges from Somali...

Full article: http://www.channelnewsasia.com/stories/afp_world/view/112...

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