"The risks from this situation are substantial, especially for developing countries that have remained remarkably resilient thus far. But we can't wait for a return to growth in the high-income countries, so we have to continue to support developing countries in making investments in infrastructure, in health, in education. This will set the stage for the stronger growth that we know that they can achieve in the future."

　　The World Bank urges developing countries to ensure their fiscal and monetary policies robust and responsive to domestic conditions instead of trying to anticipate every fluctuation in developed countries.

　　Last year developing countries recorded among their slowest economic growth rates of the past decade, partly due to the Euro zone debt crisis. International capital flows to developing countries fell 30 percent in the second quarter of last year.

　　The World Bank also points out that the hope of a U-shaped recovery of the global economy is changing to a W-shape, meaning it will take longer time to recover.

　　For CRI, this is Xiaohong, reporting from Washington.

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