Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

ENCORE!

Haute Couture: the hand-stitched clothing made in Paris that sells for the price of small yachts

Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Netanyahu resists international pressure to stop air strikes on Gaza

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

  • Kurdish forces take over two oilfields in northern Iraq

    Read more

  • Are French high school students getting smarter?

    Read more

  • Italy’s Trentin wins seventh stage of Tour de France

    Read more

  • Disgraced Suarez leaves Liverpool for Barcelona

    Read more

  • In pictures: Chanel, Dior and so much more at the Paris couture shows

    Read more

  • French ‘Civic Service’ eyes massive expansion amid huge demand

    Read more

  • In Pictures: Petrol station hit by Hamas rockets

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

Business

World Bank to pump $45 billion into recovery infrastructure

©

Latest update : 2009-04-23

World Bank president Robert Zoellick (photo) said on Thursday that the 185-nation lender would invest $45 billion in infrastructure over three years for "job creation, sustainable economic growth and overcoming poverty".

AFP - The World Bank Thursday said it would invest 45 billion dollars in infrastructure over the next three years to lay a foundation for a "rapid recovery" from the global economic crisis.
  
Robert Zoellick, president of the 185-nation development lender, said in a statement that the investments "can provide the platform for job creation, sustainable economic growth and overcoming poverty, and help jump-start a recovery from the crisis."
  
The World Bank said a new Infrastructure Recovery and Assets Platform (INFRA) will provide 45 billion dollars in infrastructure lending over the next three years, an increase of 15 billion dollars over the three years preceding the crisis.
  
The bank also announced an increase in its support for agriculture to 12 billion dollars over the next two years, from four billion in 2008, "to help ensure vital food security."
  
"Increases over this two-year period include a near doubling in agricultural support to Africa from 450 million dollars to 800 million, and to Latin America from 250 million to 400 million, while supporting more than one billion in new projects in agriculture and rural development in South Asia," it said.

Date created : 2009-04-23

Comments

COMMENT(S)