World Bank President Robert Zoellick has said the Bank will work along with the Kingdom of Saudi Arabia to find the best possible means of supporting the initiative of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz pertaining to providing energy assistance to poor countries in the world. "King Abdullah announced his initiative on Sunday at Jeddah Energy Meeting, " Zoellick said in a statement yesterday. He noted that King Abdullah announced at the meeting the allocation of $500 million from the Saudi Fund for Development (SFD) as soft loans to the poor countries so as to meet their energy requirements. "Moreover, King Abdullah asked the World Bank to organize a conference for the donor countries and the international development organizations to activate his initiative and make energy available for the poor, " Zoellick said. --MORE
