Monday, May 07, 2012

Asia-Pacific faces poverty & hunger challenge

At a meeting of the Board of Governors held in the Philippines, Asian Development Bank ('ADB') observes that the Asia-Pacific region 'faces the serious challenges of poverty and hunger in the next fourty years. Also, some zones in the vast region are affected by natural disasters. It is said to be experiencing a certain degree of geostrategic tension that has led to a pretty drastic increase in expenditure on armament. But, 'the region is still 'growing on the whole by measurement of GDP. Other socio-economic indicators which can present a better picure of more holistic development include Gini Coefficient and Literacy Rate. Provision of sufficient input of nutrition to children is also important for the achievement of sustainable and people'-centred development.