WB pushes infrastructure aid for poor countries
The World Bank said it would pump up to USD 55bn into infrastructure projects for poorer countries struck by a global recession that was not of their making.
Sunday, 26.04.2009.
13:45
The World Bank said it would pump up to USD 55bn into infrastructure projects for poorer countries struck by a global recession that was not of their making. The development bank's three-year investment is intended to counterbalance a dramatic plunge in help from the private sector. WB pushes infrastructure aid for poor countries Many investors have pulled out of developing countries amid a devastating financial crisis that began in the U.S. and Europe and quickly took hold of the world economy in the past six months. About USD 45bn will be offered by the World Bank in the next three years and USD 10bn through the bank's private investment arm, the International Finance Corporation. France and Germany became the first countries to join the IFC's so-called Infrastructure Crisis Facility in a signing ceremony in Washington, part of the World Bank and sister-lender International Monetary Fund's annual spring meetings. France offered USD 1.3bn and Germany USD 660mn towards the program. "Developing countries are not responsible for this crisis," said German Development Minister Heidemarie Wieczorek-Zeul. "We have a specific responsibility to be at their sides." French Finance Minister Christine Lagarde said building up infrastructure in poor countries, especially in Africa, was "a key component not only of the immediate response to the crisis but also of long-term economic growth."
WB pushes infrastructure aid for poor countries
Many investors have pulled out of developing countries amid a devastating financial crisis that began in the U.S. and Europe and quickly took hold of the world economy in the past six months.About USD 45bn will be offered by the World Bank in the next three years and USD 10bn through the bank's private investment arm, the International Finance Corporation.
France and Germany became the first countries to join the IFC's so-called Infrastructure Crisis Facility in a signing ceremony in Washington, part of the World Bank and sister-lender International Monetary Fund's annual spring meetings.
France offered USD 1.3bn and Germany USD 660mn towards the program.
"Developing countries are not responsible for this crisis," said German Development Minister Heidemarie Wieczorek-Zeul. "We have a specific responsibility to be at their sides."
French Finance Minister Christine Lagarde said building up infrastructure in poor countries, especially in Africa, was "a key component not only of the immediate response to the crisis but also of long-term economic growth."
0 Komentari
Možda vas zanima
Zakazan sastanak: Sprema se kraj rata?
Savetnici za nacionalnu bezbednost i visoki zvaničnici iz celog sveta spremaju se za sastanak koji će ovog vikenda biti održan u katarskoj prestonici Dohi.
15:07
25.4.2024.
1 d
Stiže novi "pakao"; Spremite se
Kao u prvih 15 dana aprila, ovaj mesec će se završiti natprosečnim temperaturama. Prema najavi RHMZ u nedelju i do prve polovine naredne sedmice temperature će dostići letnje vrednosti.
7:21
26.4.2024.
1 d
Rat – dan 792: Novi udarac za Zelenskog; Žestoke borbe, na hiljade mrtvih; Stigla osveta
Rat u Ukrajini – 792. dan. Udari ukrajinskih dronova na ruska skladišta goriva i čeličanu.
23:38
25.4.2024.
1 d
Stigle nove cene goriva: Evo koliko ćemo plaćati dizel
Stigle su nove cene goriva, tako da će od danas od 15 časova, na pumpama u Srbiji litar evro dizela koštati 206 dinara, a litar benzina evropremijum BMB biće 198 dinara.
11:48
26.4.2024.
23 h
"Poslali su 120.000 vojnika na našu granicu; Oni su narkomani..."
Predsednik Belorusije Aleksandar Lukašenko izjavio da je Ukrajina koncentrisala grupu od 120.000 vojnika u blizini beloruske granice.
14:49
25.4.2024.
1 d
Komentari 0