The global financial crisis is set to drive millions more people into poverty, to slash radically capital flows to Africa and to deprive sub-Saharan Africa of at least U.S. $50 billion in income by the end of this year, predicts a new report released on Wednesday.
The report, published at the meeting of the World Economic Forum on Africa in Cape Town, was drawn up by an international review panel established to monitor whether the world's leaders are meeting their commitments to Africa. The group, known as the Africa Progress Panel, is headed by former United Nations secretary-general Kofi Annan.
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