31 March 2009
LONDON - The dollar will remain the world’s dominant reserve currency and a strong U.S. currency is key to lifting the world out of economic and financial crisis, World Bank President Robert Zoellick said on Tuesday.
Speaking at a newsmaker event at Thomson Reuters’ London office, Zoellick announced a $50 billion programme to reverse a sharp drop in trade in the global crisis and urged G20 leaders to back the effort.
The Organisation for Economic Co-operation and Development said on Tuesday that world trade was in free fall and should decline by 13.2 percent in 2009 as the economic crisis cuts demand across the globe.
