World needs new multilateral system: Zoellick

The global financial crisis underscores the need for a coordinated action to build a better system, World Bank president Robert Zoellick said on Sunday.

WASHINGTON: The global financial crisis underscores the need for a coordinated action to build a better system, World Bank president Robert Zoellick said on Sunday.

"We need to modernize multilateralism for a new global economy," Zoellick said at a news conference. "We need concerted action now to ... build a better system for the future."
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