11/12/2008

World Bank in $100bn aid push

FT Nov12 2008
Fears that crisis will devastate poor nations
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Even middle-income countries are at risk
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The World Bank is set to provide up to $100bn in new aid(補助金) to developing countries, amid fears that the spreading effects of the financial crisis could devastate( 荒廃させる)poorer and middle-income states.

The World Bank would seek to front load a separate $42bn in aid available to the world's poorest countries.

He cited(引用する) the Philippines, Vietnam and sub-Saharan countries as being on the brink(崖っぷち), while noting that petrol producers such as Venezuela and Mexico were suffering from the fall in oil prices.

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