On April 17th, World Bank President Ban Ki moon stated on April 16th local time that uncertainty is leading to a more cautious business and economic environment globally, which will result in global economic growth lower than expected a few months ago. Countries need to negotiate and dialogue on trade issues. Banga also stated that it is necessary to create a suitable regulatory environment to encourage private investment and create employment opportunities in developing countries. He added that he will discuss an energy investment strategy covering multiple paths with the board of directors in June. He also stated that the World Bank will expand its private sector participation program to cover areas such as energy, agriculture, infrastructure, healthcare, tourism, and manufacturing.
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