As it became known, The World Bank announced it allotted a record $US58.8 billion as a bailout in the fiscal year just ended as it scrambled in a move to support countries cope with the global economic crisis.

The World Bank said yesterday, that the results of end of the 2009 fiscal year, ended June 30, reflected a 54% growth over the previous year and "a record high" for the global development institution. 

Robert Zoellick, World Bank president stated that the necessity to continue to help countries safeguard priority expenditures, including on essential infrastructure, investment in human capital, and social safety nets, still exists as millions of people are still suffering. So, Zoellick said that the bank representatives are to continue to carry out such actions trough out 2010. 

According to the Bank’s report, for the period of 2009, the World Bank bolstered 767 projects to encourage economic growth, fight poverty, and assist private businesses, including $US20.7 billion in infrastructure financing, a critical sector to provide the foundation for rapid recovery from the crisis and job creation.