News release: “World Bank Group President Robert B. Zoellick today launched two multi-billion infrastructure investment initiatives to help developing countries withstand the global financial and economic crisis. The World Bank’s Infrastructure Recovery and Assets (INFRA) platform and the Infrastructure Crisis Facility (ICF), set-up by IFC, the World Bank Group’s member focused on private sector investments, will together mobilize more than US$55 billion over the next three years to infrastructure projects in developing countries. Out of this total, US$45 billion is available in lending from the World Bank and US$10 billion is available via IFC. The two initiatives will help to create jobs and lay the foundations for future economic growth and poverty reduction.”