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PRESS RELEASE

Statement from World Bank Group President on U.S. Action to Raise the Debt Ceiling

October 16, 2013

WASHINGTON, October 16, 2013--World Bank Group President Jim Yong Kim today issued the following statement on the agreement to raise the U.S. debt ceiling:

"This is good news for developing countries and the world's poor.  The global economy dodged a potential catastrophe. Going forward, we hope policymakers in all countries continue to focus on crafting and implementing policies that promote economic growth and boost jobs and opportunity for all.”

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