World Bank Proposes New Trade Fund

Two days before the G-20 summit in London, World Bank President Robert Zoellick unveiled plans to set up a new USD50 billion trade liquidity fund, according to

. The global trade liquidity program will merge a USD1 billion investment from the bank with funding from governments and regional development banks.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.