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Asian Development Bank Says Tsunami Could Throw Two Million People Into Poverty  - 2005-01-13


The Asian Development Bank says some two million people could fall into poverty as a result of the devastating tsunami that killed nearly 160,000 people around the Indian Ocean.

A report released by the regional bank today (Thursday) said about one million people could become impoverished in Indonesia alone, most in the northern province of Aceh where more than 100-thousand died.

The bank says the number of poor in India could rise by some 645-thousand, and by 250-thousand in Sri Lanka.

Meanwhile, the 19 creditor nations of The Paris Club have offered to suspend debt payments for countries hit by last month's tsunami.

The group's chairman (Jean-Pierre Jouyet) said (Wednesday) any country affected by the disaster is eligible for the freeze. However, he said only Sri Lanka, Indonesia and the Seychelles have expressed an interest.

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