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WB suggests developing countries learn from China, India

(Xinhua)
Updated: 2010-03-26 10:31
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BOGOTA: Developing countries could achieve sustainable growth by reviewing the economic growth models of China and India, Managing Director of the World Bank Ngozi Okonjo-Iweala said Thursday.

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During the South-South Cooperation Meeting held in Bogota, Colombia, Okonjo-Iweala told Xinhua that the biggest challenge faced by the Latin American countries is to create programs of social assistance and make creative efforts to reduce unemployment.

"There is a lot to be learned from China," she said.

"One thing that I know is that China has a lot of experiences to share with developing countries for its fight against poverty," she added.

She also suggested exploring India's economic growth model with the implementation of small and medium enterprises and a well-structured financing with the World Bank, which has achieved progress in the international market.

The South-South Cooperation Meeting draws more than 600 representatives from 131 countries and international organizations.
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