World Bank Is Ready to Fund Projects
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The World Bank is ready to fund development projects in Kashmir if that helps bring peace to the insurgency-wracked region, President James D. Wolfensohn said Thursday as he pledged US$9 billion in aid to India over the next three years.
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The world&#39;s developing countries this year will turn in the strongest economic growth in three decades and should continue to enjoy solid expansion in 2005 and 2006, the World Bank predicted Tuesday.
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Belarus began implementing a project on preventive measures and AIDS treatment in the republic that is financed by the Global Fund to Fight AIDS, Tuberculosis and Malaria.
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Kofi Annan gently prodded world leaders to follow through on their aid pledges, which now total more than $3 billion.
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Developing nations are on course to record their strongest economic growth since 1974, the World Bank says.
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The UK and other developed countries are meeting to plan ways to spend aid more effectively in poor countries.
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Eager for stable friends, China is making big loans for big projects, competing with the World Bank at its own game.
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The countries plan to raise at least $300 million next year to help pay for the treatment of children with AIDS, tuberculosis and malaria.
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The World Bank said that developing countries are seeing their strongest economic growth in three decades -- and strong growth is likely to continue for the next two years.
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The World Bank has approved a $13 million grant to help combat the threat of the deadly bird flu in the West Bank and Gaza, the development institution announced Friday. The money will be used to help minimize any threats of the bird flu posed to people from the area's domestic poultry industry, it said.
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The World Bank unveiled plans to lend up to 12 billion dollars to India under a fresh four-year program beginning in 2005 to alleviate poverty in the world's second most populous nation.
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The world's growing young population needs encouragement and education to prosper, the World Bank says.
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The World Bank said Sunday the impact of recent turbulence in financial markets on developing countries has been limited and global economic growth remains strong.
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The World Bank and four of the  largest regional development banks agreed on Sunday to share  evidence and use common methods to probe corruption, but not  all of them plan to publish companies' names.
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World Bank lends to support forestry development in China    BEIJING, Dec.16 (Xinhua)-- The World Bank has just approved a 100 million U.S. dollars loan to help China develop and protect its forest resources, said sources with the World Bank's China office on Saturday.
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The World Bank approves a $600m loan aimed at helping millions of poor farmers across India.
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The International Monetary Fund (IMF) has backed a $35m (Â£19m) loan to Kenya, with the loan scheduled for December, seven months later than expected.