The head of World Bank Group (WB), Robert Zoellick, said he will meet the Egyptian Minister of Finance, Hazem al-Beblawy, and Egyptian Minister of International Cooperation and Planning, Fayza Aboul Naga. They will discuss recent economical and political developments in Egypt, Egypt's budget, funds resources, required aids and funds and Egypt's situation about borrowing funds. Zoellick also said he will meet Tunisian government representatives, the Libyan Minister of Reconstruction of Libya's Transitional National Assembly, Ahmed Jehani, and Arab Funds governors. "Our main focus now is directed at the Middle East. The Arab Spring countries crisis, after revolutions, capture most of our concern," Zoellick said. “We are lookling for the best way to support Arab Spring countries. We are also trying to find ways to offer more jobs opportunities.” "The entire world is busy with the confused financial markets crisis. However, we are witnessing a new economy with many polarities," Zoellick said. “The main issue to discuss, therefore, will be the dark prospects of developing countries contacted with WB, particularly Egypt." He said the conference has great importance this year, during his speech in the international conference of WB and IMF. The conference offers the chance to gather financial policies founders, allowing recognition of countries' fears and providing the best support for participating countries. Zoellick explained the importance of developing countries to the international economy. "The developing countries were representing hard trouble to the international economy. They achieved half of international developing and caused trouble for Europe and Japan because of their bid debts and great rate of unemployment. The situation of developing country markets may even be worse. Bond yields of these markets rose since August, shares fell, and funds decreased. "If the situation gets worse this may reduce the rate of development in these countries and increase loans," Zoellick said. Zoellick pointed out the developed countries crisis may affect developing countries. Europe, Japan and U.S. must take necessary procedures in order to solve their economic problems.
