According to online reports, World Bank President Banga said on April 16 local time that uncertainty is leading to a more cautious business and economic environment around the world, which will lead to global economic growth being lower than expected a few months ago. Countries need to engage in consultation and dialogue on trade issues. Banga also said the right regulatory environment must be created to encourage private investment and create jobs in developing countries. He added that an energy investment strategy covering multiple paths would be discussed with the board in June. He also said that the World Bank will expand its private sector participation program to cover areas such as energy, agriculture, infrastructure, medical care, tourism and manufacturing.