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UPDATED: March 23, 2009
WB Chief on Oconomy Ahead of G20 Summit

World Bank President Robert Zoellick says donor nations could raise up to 15 billion US dollars if they used just one percent of their multi-billion stimulus plans for new aid to help poorer countries.

Zoellick suggests the money could be used for food programs and road building... as well as promoting crop growth in these countries.

The world bank chief made the remarks at a trans-Atlantic think-tank conference in Belgium on Saturday. The gathering comes ahead of the Group of 20 summit in London, early next month. Zoellick noted that the global financial crisis is hitting developing countries hard, leading to increased poverty and higher child mortality.

He has also expressed his concern that the global economic downturn is likely to continue adversely impacting the amount of aid provided to poorer countries.

(CCTV.com March 22, 2009)


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