Bank of France lends another $3 billion to IMF poverty fund

Thursday, 22 February 2018

The Bank of France agreed to lend an additional $3 billion to the International Monetary Fund’s anti-poverty fund, the IMF announced Wednesday. The new loan, the sixth by France, makes the country among the largest contributors to the Poverty Reduction and Growth Trust, which provides very low-cost funds to the IMF’s poorest members. Most of the recipients are African nations. IMF Managing Director Christine Lagarde, a French former finance minister, launched a fundraising drive over ...

One in four Iraqi children in poverty after war on ISIS

Sunday, 11 February 2018

One in four Iraqi children are in poverty and four million are in need of assistance as a result of the country’s war with ISIS militants, the United Nation’s children agency said on Sunday. The UN has verified 150 attacks on education facilities and 50 attacks on health centers and personnel since 2014, UNICEF said in a statement. Half of Iraq’s schools need repairs and over 3 million children have had their education interrupted, it said. Iraq ...

Egyptian girl who sells tissues proves poverty is no limit, wins race barefoot

Friday, 9 February 2018

Social media users have been sharing pictures of a resilient 10-year-old girl who spent most of her life in poverty, selling tissues on the streets of Aswan in Egypt, crossing the finish line earning first place in a children’s charity marathon. Marwa, who sells tissues in front of the Aswan train station, saw a big setup for a children’s charity marathon organized by the Magdi Yaacoub Heart Foundation, and asked the organizers if she can join in the race. The entry fee for ...

Meet the ‘Rat Eaters’, India’s poorest people

Saturday, 9 December 2017

The rat kept crawling over Phekan Manjhi's arm as he battled to pin it to the ground before he eventually managed to kill it with repeated blows to the head. The execution drew applause from neighbors huddled around the 60-year-old in a grimy courtyard outside his mud and straw hut. Another meal lined up for the Rat Eaters -- some of India's poorest people. Phekan said it would take 15 minutes to prepare the rat stew, as he dissected the animal with his fingernails. "Almost everyone here ...

Pictures of Egyptian ‘homeless’ girl on Facebook lead to surprise discovery

Sunday, 2 July 2017

Egyptian passersby east of Cairo recently noticed a young girl in her 20s wearing worn-out clothes and sleeping under the Abbasiyah bridge. They thought she was homeless, only to find out later that she hails from a wealthy family in El Mahalla. The surprise came when a passerby published a photo of the girl on social media in an attempt to get a social services institution to help her. Several social media users then commented revealing that her name is Salwa and she is from a rich family from ...

UN: One in five children in developed world in relative poverty

Thursday, 15 June 2017

One in five children in rich countries lives in relative poverty, according to a UNICEF report published Thursday that put the US and New Zealand among the world’s worst performers for youth well-being. Nearly 13 percent of children in those countries lack access to sufficient safe and nutritious food, the report said, with that number rising to 20 percent in the US and UK. “Higher incomes do not automatically lead to improved outcomes for all children, and may indeed deepen ...

Egypt’s capital set to grow by half a million in 2017

Sunday, 12 March 2017

Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil. Greater Cairo, a metropolitan area including the cities of Cairo, Giza and Qalyubia, is home to some 22.8 million people and will gain another half a million in 2017, a Euromonitor International report released last week shows. That represents a quarter of Egypt’s 92 million. The ...

‘We’re very poor,’ says Sisi: How did Egyptians react?

Wednesday, 8 February 2017

“So, nobody told you that you are extremely poor?” asked Egyptian President Abdel Fattah al-Sisi at the annual Youth Forum, held this year in the southern city of Aswan earlier this week. “Then let me tell you that we are very poor. Very poor!” he added. Despite the fact that the two-day conference witnessed discussions on several issues, especially ones pertaining to Upper Egypt, this statement was the most widely circulated. Reactions to the statement mainly ranged ...

Amid freeze in bilateral talks, India-Pakistan lawmakers meet in Dubai

Wednesday, 25 January 2017

Lawmakers highlight that acceleration in sustained economic growth is an important policy objective for poverty reduction

Poverty amid plenty in the Gulf

Tuesday, 24 January 2017

Many in the Gulf are genuinely convinced that their country is free of poverty, which is a contradiction in a region of plenty

Dr. Mohamed A. Ramady

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