Arab World Can Play Bigger Role in World Economy
IMF Press Release No: 2009/203/EXC: Zoellick says: "Arab World Can Play Bigger Role in World Economy"
Summary: Addressing the Arab Economic and Social Summit held in Kuwait, Zoellick said the World Bank wants to help the Arab world play a bigger global role by partnering with it on development and South-South cooperation, expanding social and economic opportunities for countries within or neighboring the region, and helping with climate change challenges such as desertification and water scarcity. Zoellick said it was even more important that the Arab world continue to prioritize economic, social, and human development; the alleviation of poverty and illiteracy; protection of the environment; creation of job opportunities and health care. These priorities of the Arab world were well aligned with those of G20 leaders considering a response to the global crisis.
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Summary: Addressing the Arab Economic and Social Summit held in Kuwait, Zoellick said the World Bank wants to help the Arab world play a bigger global role by partnering with it on development and South-South cooperation, expanding social and economic opportunities for countries within or neighboring the region, and helping with climate change challenges such as desertification and water scarcity. Zoellick said it was even more important that the Arab world continue to prioritize economic, social, and human development; the alleviation of poverty and illiteracy; protection of the environment; creation of job opportunities and health care. These priorities of the Arab world were well aligned with those of G20 leaders considering a response to the global crisis.
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