Greece, Portugal Turn to World Bank for Technical Advice
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Greece and Portugal, two countries engulfed by the European debt crisis, have turned to the World Bank for technical assistance, seeking advice from an institution focused on reducing global poverty, the lender’s president said.
The two governments have officially asked for the paid advice, though details are still being sorted out, Jim Yong Kim told reporters yesterday on the sidelines of the Group of 20 meetings in Mexico City. The bank’s expertise that could be useful includes improving the business environment and public expenditures, he said.