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Statement from Secretary of the Treasury Janet L. Yellen on the World Bank Development Committee
The United States extends its deepest condolences to the people of Morocco and Libya, who have lost loved ones and now face the devastating impacts of once-in-a-century earthquake and floods. We stand by the governments of Morocco and Libya as they take steps to recover from the destruction these disasters have wrought. As we gather for these Annual Meetings – for the first time in 50 years on the African continent – we are aware of two realities. On the one hand, the global economy remains in a better place than many predicted, with growth outperforming expectations, and annual headline inflation falling in many ... (full story)