Bank gives $550K in assistance

The Economic Times again reports that the food crisis is impacting Latin America.

The Inter-American Development Bank will provide a $550 million line of credit to help Latin American poor, estimating that about 71 million people survive on less than $1 each day.

Bank chief Luis Alberto Moreno said more than 26 million people could join the poverty line while food crisis are rising 128 percent.

The credit line should be approved by the IDB board within two weeks.

Source: Economic Times, Photo: Coolchaser.com