pay per click advertising Just when the developing economies have started posting positive figures, the latest World Bank report has shown that it is not a good time for them to start resting. The World Bank warned that increases in interest rates will tend to slow growth and might make foreign investors look elsewhere. "Looking ahead, the key challenge facing developing countries is to manage the transition by taking preemptive measures aimed at lessening the risk of a sharp, unexpected reversal in capital flows," it added. That should include economic and institutional reforms, the report's main author, Mansoor Dailami, said in an interview. "Basically, they do need to maintain and strengthen investor confidence in their policy apparatus," he added. It is a good thing that a lot of poor countries have already paid billions of foreign debt. Otherwise, more problems can be expected on 2009-the year when the World Bank predicts global growth rates will declin...
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