Developing countries face a new challenge from the global financial crisis, which is rapidly becoming an unemployment crisis. The World Bank Group is helping with the financial rescue but believes that we must remain focused on the human rescue for the many millions left behind. The recent food and fuel crises have already pushed millions back into poverty and hunger. Sharply tighter credit conditions and weaker growth are likely to cut into government revenues and their ability to invest to meet education, health and gender goals, as well as the infrastructure expenditures needed to sustain growth. The financial crisis now threatens to shrink emerging markets' access to trade and investment, and each 1 percent drop in growth could trap another 20 million in poverty. Governments must keep their commitments to increase aid to the most vulnerable people.
See : What the World Bank is Doing