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World Bank president urges action to prevent human catastrophe
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08:36, April 27, 2009

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World Bank President Robert Zoellick said here Sunday that action must be taken to prevent a human catastrophe.

"There is a widespread recognition that the world faces an unprecedented economic crisis, poor people could suffer the most and that we must continue to act in real time to prevent a human catastrophe," he said.

Zoellick said the meeting of the joint World Bank-IMF development committee, which was held prior to the press conference, was "constructive."

"The meeting of the Development Committee allows our 185 member countries to be full participants in discussions on resources, instruments, and responses that are needed for developing countries," he said.

Each spring, the IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee hold meetings to discuss progress on the work of the IMF and the World Bank.

Source: Xinhua



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