Co-CEO:Logistics Business Strong

We've built a multi-billion dollar business in Japan,said Hamid Moghadam,Co-CEO and Chairman of Colorado-based industrial real estate firm Prologis.There is a need for modern large logistics buildings.As the market leader,we continue to be very optimistic about our prospects in Japan.We're promoting our high seismic standards of newer facilities that we build securely.There is increased demand from reconstruction.Even incomplete facilities are 70% leased.China is in the very early innings of building infrastrcture for logistics.I can see our business prospering in China for the next 20-30 years.The market is pretty remarkable.Recovery is probably most advanced in the U.S.There's 10% more people today than at the beginning of the financial crisis.We're growing rents in certain European markets.Latin America is simply on fire,and we cannot keep up with the demands of our customers,Mr.Moghadam observed.Prologis(PLD)

World Bank Increases Aid

The World Bank will increase aid to developing nations.Aid may reach 35 billion dollars by the end of June,versus 13.5 billion last year.The bank is prepared to commit up to 100 billion over the next three years,as the financial crisis threatens to cut government revenue,reducing public spending on education and health care.The growth forecast for developing countries is a drop of 0.1 in 2009,versus a gain of 1.4 in 2008.Global trade may fall for the first time since 1982.A 10% drop in developing country growth means another 20 million people will live in poverty.In recent years,high food and fuel prices have driven about 100 million into the ranks of the poor.The World Bank,led by President Robert Zoellick,has received loan inquiries from countries in Asia and Latin America this year,and would not be surprised to loan to nations it hasn't heard from in some time,given the global downturn.