Zoellick promises funds for Brazilian infrastructure and fuels

In support of Brazil’s booming economy, which is expected to grow by 4.25 percent this year, World Bank presidential candidate Robert Zoellick pledged to finance the country’s infrastructure and fuels projects. “If there’s a way the bank can help, it will,” he said, following a meeting with Brazilian President Luiz Inacio Lula da Silva and Finance Minister Guido Mantega. He noted an emphasis on supporting initiatives that promote biofuels, such as ethanol production, as well as expanded trade between poor and rich nations through the World Trade Organization. (Source: Zoellick: World Bank To Back Brazil Infrastructure, Fuels/Dow Jones)