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World Bank and WTO join to aid developing trade

The World Bank Group and World Trade Organization (WTO) have announced plans to co-operate in helping developing countries to reduce trade barriers.

Finance ministers, IMF and World Bank officials are gathering to explore how to get the global economy back on track.

Public-private Global Infrastructure Facility will start pilot phase this year, focusing on "climate friendly" or trade-boosting projects.

The World Bank chief financial officer is giving up part of his bonus after an uproar over cost-cutting measures at the lender.

The World Bank cuts China's growth forecast for the next three years as the world's second largest economy tackles structural reforms.

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