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WTO examines credit crunch effects


WTO examines credit crunch effects


The World Trade Organisation is trying to find out exactly how bad an effect the credit crunch is having on international trade.

Nearly 90 percent of international trade is financed by short-term bank credits, which are now more difficult to get.

The WTO has gathered together experts and bankers at its Geneva headquarters to see how bad the situation is.

It wants regional development banks to take over some of the credit role of the commercial lenders.

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