WASHINGTON Dec 10 Emerging markets could adjust
to the withdrawal of the Federal Reserve's massive monetary
stimulus as long as it happens gradually, World Bank President
Jim Yong Kim said on Tuesday.
Fed chief Ben Bernanke shocked emerging markets in May when
he raised the possibility that the U.S. central bank could soon
embark on a draw-down in its $85 billion a month bond-buying
program, known as quantitative easing.
"If the tapering happens over a longer period of time,
gradually - which is what we would expect -- ... we think that
the emerging economies, especially in the poor countries, can
adjust," Kim told reporters.