In 2003, the World Bank said the energy sector comprised 25% of the nation's GDP.
At that point the World Bank said falling unemployment was fast cutting poverty in the city.
The World Bank said late Tuesday that the U.S. tax and spending debacle is constraining worldwide economic growth.
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The money will go to rural communities to build roads, bridges, schools and health clinics, the World Bank said.
The World Bank said China faces the risk of an even deeper downturn if conditions in its key export markets worsen.
India's slowing inflation and narrowing trade deficit indicate that the economy is improving, the World Bank said in a report published Tuesday.
Inflation is likely to ease up, but housing prices remain a cause of concern, the World Bank said, adding that interest rates need to go higher.
India's GDP growth in the current fiscal year and the next is likely to be supported by an increase in consumption and investments, the World Bank said.
The World Bank said on June 22nd that world-trade volumes, reeling from a drastic collapse in global demand (see chart), will shrink by nearly 10% this year.
Instead, the main impact on Asia of the US sub-prime crisis has been a growth in uncertainty, the World Bank said in its six monthly regional assessment.
However, compared with its task in helping to rebuild Afghanistan, the World Bank said that Iraq had two advantages: a skilled and educated workforce, and huge oil reserves.
The World Bank said that "households and businesses in regions highly dependent on commodities for livelihoods and income could feel significant localized impacts" due to softening commodity prices.
The World Bank said the challenge in the short term was to sustain growth through a soft landing, with the longer-term challenge to steer the economy toward a more sustainable path.
In addition, the World Bank said Bangladesh had agreed to introduce new procurement arrangements for the bridge project with more oversight and transparency and to conduct a full and fair investigation of the corruption allegations.
The fund will be called the South Sudan Transition Trust Fund (SSTTF), and will be made available to the country in the first few months after independence, the World Bank said in a Press release statement.
First of all, inequality between rich and poor countries has increased dramatically in the last two decades, with (as James Wolfensohn of the World Bank said) 20% of the world's population controlling 80% of the world's wealth.
"A further slowdown in China would affect commodity exporters in the region particularly strongly, since, with the exception of Timor-Leste, China is their major trade-partner in commodities, " the World Bank said in its latest report on the region.
The World Bank report said that Asia remains a bright spot in the world economy, and not just China.
In March, the normally optimistic World Bank said global economic output will contract this year for the first time since World War II, and that international trade will decline the most it has in 80 years.
Speaking in Tokyo at the annual meeting of the International Monetary Fund and the World Bank, he said there had been "some progress" in China's trade relationship with the US, but "domestic consumption still does not play a sufficient role in driving China's economy".
Fish is a vital source of protein and is about to become ever more important as the world's population increases to 9 billion by 2050, said the World Bank's vice president of sustainable development, Rachel Kyte.
Zoellick, of the World Bank, has said the rising costs could mean "seven lost years" in the fight against worldwide poverty.
When the head of the World Bank came to see the experiment, Mitra said he encouraged him to go to the New Delhi slum and see for himself.
Ali Khadr, the World Bank's Chad director, said oil would begin flowing from the country's southern Doba oilfield in July 2003.
In its twice-yearly Global Economic Prospects report, the bank said it expected world growth to be 2.4% this year, down on the 3% forecast in June.
And he said that the World Bank would not be able to lend money to Iraq until it had a legitimate government that was recognised by international institutions like the United Nations.
"If properly harnessed to unleash their full potential, these trends hold the promise of more growth, much less poverty, and accelerating shared prosperity for African countries in the foreseeable future, " said World Bank economist, Punam Chuhan-Pole.
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Milan Brahmbhatt, the World Bank's regional economist, said that while profits at Chinese banks have been growing very quickly, the credit market problems "will not have a huge impact on either profitability or on balance sheets".
"'There is not a country in the world whose central bank is not in talks with the government, " he said.
Aid organizations funded by the United Nations, the World Bank and various Western governments, he said, are investing hundreds of millions of dollars to bring this technology to the developing world.
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