Wednesday, May 9, 2007

Commodities boom fails to reduce poverty - experts

(Reuters) - A commodity boom this decade has failed to reduce poverty in many developing countries as many producers are left out of the market, international commodity experts said on Tuesday.

In most commodity-dependent developing countries, particularly in Africa, economic growth has fallen far short of expectations, said Ali Mchumo, managing director of the Common Fund for Commodities (CFC), an international aid group.


Read more at Reuters Africa

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