What the Global Financial Crisis Means for Economically Developing Nations

The Federal Reserve and European central banks cut interest rates Wednesday, in an effort to contain the current global financial crisis. And although rate cuts may grant some global finance relief, developing countries may still be in the lurch. Today at the World Bank annual meeting in Washington DC, which includes leaders from the International Monetary Fund and Finance Ministers from the world's most powerful nations, World Bank President Robert Zoellick painted a bleak picture, saying the financial crisis cannot become a human one – but some say that is already happening. FSRN's Karen Miller has more.

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