Tuesday, November 25, 2008

Trade Drop Could Set Developing Countries Back Years

The World Bank reports (November 24, 2008):
"A looming drop in world trade could 'set developing countries back for many years' and erase recent gains in development, a senior World Bank official warned ahead of a United Nations international conference in Qatar. Danny Leipziger, Vice President of the Poverty Reduction and Economic Management network at the World Bank, says the financial crisis has already affected trade and could undermine progress achieved in Africa and elsewhere in the last six years."

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