Home / Video / Breaking News / World Tools: Save | Print | E-mail | Most Read | Comment
World Bank, IMF vow to alleviate poverty
Adjust font size:

 

The World Bank and the International Monetary Fund have vowed to alleviate the impact of the global financial crisis on developing countries.

The two organizations made the pledge in a communique issued after their joint meeting of the Development Committee in Washington.

The Development Committee meets inside the World Bank in Washington, DC. [Paul J. Richards/AFP]

The Development Committee meets inside the World Bank in Washington, DC. [Paul J. Richards/AFP] 

They warn the crisis has driven over 50 million people into extreme poverty. And, progress towards the Millennium Development Goals is in jeopardy.

The World Bank and the IMF say they will help developing countries bridge the huge financing gap including efforts to revive private capital flows.

The communique expresses support for the implementation of initiatives the World Bank has launched.

These aim to protect the poorest, reinvigorate trade finance, maintain infrastructure development and create jobs, and help support the financial sector.

(CCTV April 27, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
Most popular >>
Short haircut is all the rage in 2009 Short haircut is all the rage in 2009
Actress Zhang Jingchu Pretty actress Zhang Jingchu
Chinese Kung Fu -- Wudang or Neijia boxing
Premier Wen delivers keynote speech at 2009 Boao Forum for Asia Premier Wen delivers keynote speech at 2009 Boao Forum for Asia
DPRK begins reprocessing spent fuel rods
Recommended >>
Nostalgic foreign restaurants in Beijing
Hong Kong woos Shenzhen tourists
Vitas performs in Chinese film
Dinosaur footprint fossils face the triple threats Dinosaur footprint fossils face the triple threats
Kids in Shanghai plant sunflowers to light up Expo wish

Product Directory
China Search
Country Search
Hot Buys