World Bank head urges int'l help for poorer countries

March 13, 2009 21:55


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

World Bank President Robert Zoellick on Friday urged international finance officials to make the plight of developing countries a priority as finance officials meet here to hammer out a plan to deal with the global downturn. Much of the focus ahead of the gathering of the Group of 20 finance ministers and central bankers has been on divisions between Europe and the United States over whether to spend or regulate the way out of recession - obscuring the fact that poor countries have been disproportionately affected. "Poor countries are blameless, but they're the ones that will be suffering more," Zoellick told reporters ahead of the gathering. "Millions will be falling into poverty and we estimate that with the gross slowdown 200,00-400,000 more babies will die each year." Zoellick, a former top US State Department official who has forecast the world economy will shrink by 1-2 percent this year, said that 2009 "is shaping up to be a very dangerous year" and called for immediate action from developed nations within the G-20.

Related Content

Which party makes the most use of the parliamentary tools available (August 14, 2018).
August 14, 2018
Which party's MK's are most active in Knesset?