World Bank watching US Fed, ready to respond

The World Bank is concerned about the spillover effects on developing countries of a slowing of US money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday.

The US Federal Reserve has sparked a bout of financial market turmoil since its chief, Ben Bernanke, announced on May 22 that the Fed could, before the year is out, begin slowing the pace at which it creates dollars.

Emerging markets, the recipients of much of that money as it has been printed, have borne the brunt of investors taking fright.

via Business feed http://www.scmp.com/business/economy/article/1264922/world-bank-watching-us-fed-ready-respond