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Credit crunch warning

Published:Monday | December 15, 2008 | 1:37 PM

The head of the World Bank, Robert Zoellick, is warning that efforts to boost the troubled economies of wealthy nations could cause serious damage to developing countries.



Mr. Zoellick said some of the measures taken have already made it more difficult for poorer nations to raise funds in the markets.



He said the economic turmoil could also lead to humanitarian aid drying up.