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July 30, 2008

World Bank's plan raises infrastructure investment

By Lesley Wroughton

WASHINGTON, July 30 (Reuters) - The World Bank released a four-year action plan on Wednesday that significantly increases its lending and broadens its advice to fill the chronic need for roads, railways, electricity and water in developing nations.

The plan envisages scaling up infrastructure investments to between $50 billion and $72 billion in the 2009-2011 period, compared with $41 billion over the last four years.

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Posted by boyang at July 30, 2008 5:22 PM