{"id":5998,"date":"2010-03-12T08:32:35","date_gmt":"2010-03-12T14:32:35","guid":{"rendered":"http:\/\/dominicanewsonline.com\/?p=5998"},"modified":"2010-03-12T09:51:21","modified_gmt":"2010-03-12T15:51:21","slug":"world-bank-president-recognizes-risks-associated-with-global-economic-recovery","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/news\/regional\/world-bank-president-recognizes-risks-associated-with-global-economic-recovery\/","title":{"rendered":"World Bank president recognizes risks associated with global economic recovery"},"content":{"rendered":"<p><strong> <\/strong><\/p>\n<figure id=\"attachment_5999\" aria-describedby=\"caption-attachment-5999\" style=\"width: 300px\" class=\"wp-caption alignleft\"><strong><strong><a href=\"\/wp-content\/uploads\/2010\/03\/robert-zoellick.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5999\" title=\"APTOPIX Britain Zoellick\" src=\"\/wp-content\/uploads\/2010\/03\/robert-zoellick-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2010\/03\/robert-zoellick-300x200.jpg 300w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2010\/03\/robert-zoellick.jpg 399w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/strong><\/strong><figcaption id=\"caption-attachment-5999\" class=\"wp-caption-text\">Zoellick. Photo credit: www.congresscheck.com<\/figcaption><\/figure>\n<p><strong>Roseau, Dominica:<\/strong> World Bank President Robert Zoellick says there are various risks to the current economic recovery that the Caribbean and the world are facing.<\/p>\n<p>Zoellick told a press briefing amid the intersessional CARICOM Heads of Government Summit at the Fort Young Hotel\u2019s VIP room on Thursday, that while the world is trying to recover from the global financial crisis, unemployment is likely to remain very high.<\/p>\n<p>\u201cThe good news is that we are in this economic recovery, but I don\u2019t think it\u2019s as strong as people would hope. The unemployment will have a lot of negative impacts for various financial institutions and it will limit their ability to address credit,\u201d he said.<\/p>\n<p>Zoellick also noted that stimulus programmes of various countries will also suffer as a result.<\/p>\n<p>\u201cWhat it comes back down to is that we as a financial institution have tried to support developing countries, but also recognize that they are now a source of demand and growth in the world.<\/p>\n<p>He said since the crisis hit, the World Bank has done over 90 billion dollars of private sector financing.<\/p>\n<p>\u201cGiven the uncertainty in the nature of the recovery, the World Bank will not be able to play certain roles like assisting countries in need,\u201d he added.<\/p>\n<p><em><strong>DOMINICA NEWS ONLINE CORRESPONDENT.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Roseau, Dominica: World Bank President Robert Zoellick says there are various risks to the current economic recovery that the Caribbean and the world are facing. Zoellick told a press briefing amid the intersessional CARICOM Heads of Government Summit at the&#8230;","protected":false},"author":15,"featured_media":5999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[18,14],"tags":[],"class_list":["post-5998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-regional"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Bank president recognizes risks associated with global economic recovery - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/news\/regional\/world-bank-president-recognizes-risks-associated-with-global-economic-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank president recognizes risks associated with global economic recovery - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"Roseau, Dominica: World Bank President Robert Zoellick says there are various risks to the current economic recovery that the Caribbean and the world are facing. 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