WB launches new fund to help emerging countries

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WASHINGTON, Oct 12 (Internet): As wealthy nations deal with their own struggling economies, the World Bank launched a new fund Saturday to help emerging countries trade lessons amongst themselves.
The new programme was described as a "simple, low cost" means of helping developing economies learn about new ideas in their own back yards to help cut poverty, improve agriculture, manage their natural resources and improve political systems.
The World Bank said it expects to get $10 million over three years for the fund. Seven countries have already offered support.