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10-06-2009, 04:36 AM #1
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World Bank could 'run out of money' within 12 months
World Bank could 'run out of money' within 12 months
The World Bank is close to 'running out of money', its president, Robert Zoellick, has disclosed.
By Edmund Conway, Economics Editor in Istanbul
Published: 8:36PM BST 02 Oct 2009
World Bank president Robert Zoellick has launched a major campaign secure more funding from rich nations Photo: REUTERS
The Bank, whose job it is to support low-income countries, has had to hand out so much cash in the wake of the financial crisis that it faces a shortfall in what it can spare for new projects within 12 months.
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10-06-2009, 09:50 AM #2
Time for the World Bank to go out of business.
"A Nation of sheep will beget a government of Wolves" -Edward R. Murrow
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