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G20 to help developing countries

0 CommentsPrint E-mail CCTV, June 5, 2010
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The World Bank, is urging finance ministers from the G20 nations to think of developing countries as they create their agenda.

At the G20 meeting on reshaping the global financial system, the bank said that helping developing nations achieve their potential, would underpin sustainable world growth.

The Bank's managing director, told an audience that G20 nations will benefit from working with the developing world.

Nagozi Okonji-Iweala, Managing Director, World Bank, said, "The G-20 needs the rest of the developing world for reasons of self interest. G-20 countries need new sources of demand. The developing world has the potential, and it has the people. They can help in the building of a world of jobs, not joblessness. A world of hope, not hopelessness. The G-20 must recognise this and give development the central place it deserves in its agenda."

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