World Bank: Cambodia is a "fiscally vulnerable" country

Friday, October 10, 2008 By Lesley Wroughton WASHINGTON (Reuters) - A new World Bank report on Thursday named 28 countries in Africa, Asia and the Middle East facing financial strains due to high food and fuel costs and now from a cascading credit crisis. World Bank President Robert Zoellick said the world should not forget the "human rescue" needed in developing countries as it focussed on the spreading market crisis. Among the "fiscally vulnerable" countries are Jordan, Cambodia, Lebanon, Jamaica, Eritrea, Ethiopia, Tajikistan, Madagascar, Nepal, Sri Lanka, Rwanda, Malawi, Ivory Coast, Eritrea, Fiji, Haiti, Seychelles and Mauritania. The report, published ahead of weekend International Monetary Fund and World Bank meetings of finance and development ministers, said many of these countries had little or no room to take on... [read full story]