|Issue of the Day Posts Tagged ‘Foreign Aid’|
According to a United Nations report, hunger in South Asia has reached levels not seen in 40 years as prices of food and fuel have risen and the global economy slows. The UN Children’s Fund (UNICEF) states that 100 million more people are going hungry compared to two years ago. The areas most affected are Nepal, Bangladesh and Pakistan, all of which are seeing upheavals and conflict. The World Bank states that three quarters of the population or 1.2 billion live on $2 a day and nearly 400 million (including children) are chronically hungry. Factors for the rising numbers include declining wages at home, a drop in monies sent home from abroad, and high prices that force people to borrow money at high interest. Children are being pulled out of school and sent to work; income is being spent on food but not on other essentials; and women are forgoing food for families.
The report suggests that the two biggest countries, India and Pakistan, reduce their defense budgets to allow for an increase in social spending, plus the use of fiscal stimulus programs. Foreign aid is also mentioned as a remedy. Big spenders like Norway and the Netherlands have decreased foreign aid funds, yet after several years of decline, the United States has increased its foreign aid in 2008. The FY 2010 budget promises a further increase in foreign aid and assistance.