Ahead of G‐8 summit, United Nations Millennium Campaign warns that developing countries will be forced to slash desperately‐needed expenditures for the poor; Campaign calls on G‐8 leaders to urgently provide financial resources to poor countries

The United Nations Millennium Campaign is warning that the ongoing economic crisis is likely to bring the economies of many developing countries to the brink of collapse and threatens the very survival of their citizens. According to the African Development Bank, countries like the Democratic Republic of the Congo and Kenya could run out of foreign reserves to purchase goods necessary for survival in a matter of weeks. At the same time, countries including Laos, Senegal, Uganda, Cape Verde and Sudan are cutting expenditures on poverty alleviation for desperately poor citizens. Experts predict that spending on core development, including the Millennium Development Goals, could decline by $200 billion as a result of the crisis.