USEUROPEAFRICAASIA 中文双语Français
Home / Sports

Slowdown to hit poor hardest: WB

China Daily | Updated: 2009-04-01 08:08

World Bank Group President Robert Zoellick said there would be a sharp slowdown in economic growth in the developing world this year, putting more poor people at risk, and the G20 must not shrink from combining ideas and actions to restore confidence in the world economy.

Speaking at a Thomson Reuters Newsmaker in London, Zoellick said many of the immediate challenges of the crisis could be addressed if the Group of 20 reformed and empowered existing international institutions to help resist protectionism, evaluate the effectiveness of stimulus packages, and monitor banking reforms.

Slowdown to hit poor hardest: WB

"This is not a moment for complacency. It is not a day for expressing false confidence that all has been done that can be done. It is not a time for narrow nationalist or even regional responses. The one certitude we can draw from events over the past year is our inability to predict what is to come, and how it may trigger other unexpected events," Zoellick said in his speech ahead of the G20 summit in London.

Slowdown to hit poor hardest: WB

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US