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Why is World Bank worked jointly with the International Monetary Fund?
The WB works jointly along with the IMF to assist LDCs through coordinated:
a. Structural Adjustment Programmes/Poverty Reduction Strategies or (SAPs)/(PRS)
b. HIPC that stands for Heavily Indebted Poor Country Initiative.
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Question: Extract of the Speech by Mr Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, at the Swiss Banking Global Symposium, Zurich, 16 November 2012
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