But they said the announcement and timing of the program's launch remains uncertain the sources

But they said the announcement and timing of the program's launch remains uncertain, the sources said.A spokesman for the U.S. Treasury declined to comment.The Public-Private Investment Program, or PPIP, was a key part of the Obama administration's early efforts to shore up a frail banking sector, aiming to cleanse banks' balance sheets of toxic mortgage assets that were choking off lending and eroding confidence in the financial system's viability.After a sketchy initial outline disappointed markets in February, U.S. It saved up cash when copper prices were high and is using its savings to finance an economic stimulus package.He also praised Peru, Colombia, Mexico and Brazil for having sound economic policies.But he said the crisis is not over."The world financial markets have broken the fall and you see some signs of recovery but the world economy still faces significant uncertainty," he said.Those risks include rising unemployment, protectionism, and financing gaps in some developing countries, among others."The financing needs of developing countries in this crisis remain very large. We estimate that the financing gap globally for developing countries in 2009 ranges between 350 billion and 635 billion dollars," he said.(Reporting by Terry Wade; Writing by Kevin Gray; Editing by Kenneth Barry and Leslie Adler) Crisis in Credit Brazil Mexico.

WASHINGTON/NEW YORK (Reuters) - The U.S. SANTIAGO (Reuters) - World Bank President Robert Zoellick said on Thursday the poverty-fighting institution may need to raise additional resources if lending remains at record levels as countries try to combat the global recession. It is the largest refinery inthe San Francisco Bay area and the third largest in California,the largest U.S motor fuel market. California drivers receive most of their motor fuels fromthe state's refineries or from imports delivered by ship. Thereare no pipelines shipping refined products through the RockyMountains from refineries in the Midwest and Gulf Coast (Editing by Christian Wiessner) Stocks France. "The residents of Richmond do not accept letting Chevroncontinue to poison our community," said Tom Nompraseurt of theAsian Pacific Environmental Network in a statement.

The 245,271-barrel-per-day refinery is Chevron's oldest,having operated for 107 years. refiners have been switching their plants to runcheaper, heavy crude oils to reduce costs and increase profits.Hydrogen is used to reduce sulfur content and increase thefuels refined from heavy crude oil. Under Zuniga's order, the Richmond City Council must setaside construction permits issued for the project and cannotissue any new permits until the environmental impact reportcomplies with California law. The lawsuit to halt the project was brought by CaliforniaGreen organizations Communities for a Better Environment, AsianPacific Environmental Network and West County ToxicsCoalition. Opponents of the project believethe hydrogen plant will allow the refinery to run heaviergrades of crude oil, which contain pollutants like mercury andselenium. Chevron began construction on the hydrogen plant along witha cogeneration unit in September. The company has said both areneeded to replace outdated equipment and make the refinery morecompetitive in today's markets Large U.S.

Tippen said the community would lose between $50 millionand $75 million in workforce income along with $61 millionChevron had agreed to donate to the city of Richmond. Richmond will also lose the improved environmentalperformance the refinery would have gained from greaterefficiency and environmental upgrades, he said. The Richmond City Council granted the permits last summerafter a contentious debate. "Chevron believes the projectwas properly analyzed and permitted." One hundred workers out of the 1,000 employed on theproject have been laid off and more will be let go in thecoming weeks, Tippen said. Zuniga's order provides a 60-day period for Chevron todemobilize the project, but that work cannot include any newconstruction, according to the order. A Chevron spokesman said the company would begindemobilizing the project and was laying off workers as itweighs its next move in consultation with the City of Richmond,California, which issued the permits. "Chevron is disappointed with the court's ruling," saidcompany spokesman Brent Tippen.