World Bank donates billions to struggling countries in crisis
The World Bank has announced it donated a record $US58.8 billion ($A72.98 billion) in the 2009 fiscal year to help struggling countries cope with the global economic crisis.
The commitment marks a 54 percent increase on the previous year, fuelled by a staggering amount of requests for assistance.
Commenting on the donation, World Bank president Robert Zoellick said: “’Millions of people are still suffering, and we must continue to help countries safeguard priority expenditures, including on essential infrastructure, investment in human capital, and social safety nets.”
People who read this, also liked:
Economy to remain ‘weak’
World Bank warns global economy will contract: stimulus needed
Got something to say? Join the small business forum here at DynamicBusiness.com.au.
