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    Global Financial Woes Prompt Action to Avert Humanitarian Crisis

    By: Josefa Cagoco The World Bank is taking steps to increase financial support of developing countries in an effort to prevent the global financial crisis from turning into a humanitarian crisis. The move comes shortly after the International Monetary Fund vowed to “act quickly” on requests for assistance. <a href="http://devex.com/articles" "target=blank"><b>More Devex N&#8230;

    By Newswire Newsletter // 14 November 2008

    By: Josefa Cagoco

    The World Bank is taking steps to increase financial support of developing countries in an effort to prevent the global financial crisis from turning into a humanitarian crisis. The move comes shortly after the International Monetary Fund vowed to “act quickly” on requests for assistance.


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