Austerity measures risk irreversible impact on children, Unicef warns. UN children’s fund challenges pledges by IMF and World Bank to safeguard poor people from the worst of the global downturn

by Larry Elliot

Pledges by the International Monetary Fund and the World Bank to safeguard poor people from the worst of the global downturn are being challenged by the United Nations, which is warning of the “extraordinary price” being paid by children and other vulnerable groups as mass austerity programmes sweep across the developing world.