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World Bank: Palestinians need investments

The World Bank Tuesday said it would continue to help the Palestinians stimulate private sector growth. "To attract back investors, a well-managed, transparent administration is vital. We in the World Bank will do all we can to help create these precondit
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Published: March. 1, 2005 at 3:23 PM
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LONDON, March 1 (UPI) -- The World Bank Tuesday said it would continue to help the Palestinians stimulate private sector growth.

"To attract back investors, a well-managed, transparent administration is vital. We in the World Bank will do all we can to help create these preconditions for growth and peace," President James Wolfensohn said at the London Meeting Supporting the Palestinian Authority.

Specifically, Wolfensohn said Mideast security is critical along with trade in the region and a sweeping Palestinian governance reform program.

The bank will present its first report on Palestinian economic growth at the end of this month and will continue to present reports on a quarterly basis.

Topics: James Wolfensohn
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