UNICEF Social Inclusion, Policy and Budgeting

Statement by UNICEF Deputy Executive Director to the Development Committee, IMF-World Bank Spring Meetings, April 2011

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AUTHOR UNICEF
ORGANIZATION UNICEF
TYPE Meeting Notes
DATE 2011
TOPIC Economic crisis and recovery
LANGUAGE English
ABSTRACT

There are hopeful signs of recovery from the global economic and financial crisis, but the benefits of recent growth have yet to be felt by many of the poorest children. Many families were pushed into poverty as a result of the crisis, and many more slipped further into it. Unless key indicators such as employment and spending on health and education also improve, it will be very difficult to help them bounce back. Labour demand in both the formal and informal sectors has lagged behind the global rebound in GDP growth, with negative effects on household income and spending in basic social services. These effects are compounded by contracting public expenditures in a growing number of developing countries. The poorest children are often the most dependent on public health and education services, with contractions in these areas hitting them the hardest.


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