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G20 asks World Bank to form farm trust fund for poor: draft
PITTSBURGH |
PITTSBURGH (Reuters) - The Group of 20 has called on the World Bank to work with donor agencies to create a multilateral trust fund to increase agricultural investment in poor countries, a draft G20 communique said on Friday.
The G20, holding a summit in Pittsburgh, also called for a review of the capital needs of the World Bank and regional development banks by the first half of 2010, according to the draft obtained by Reuters.
The poverty-fighting institutions have significantly ramped up their lending to poor countries since last year to help them weather the global economic downturn.
(Reporting by G20 reporters, Editing by Frances Kerry)
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