WB President to Visit 3 African Countries

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Addis  Ababa  April  27/2019  World Bank Group President David Malpass will visit Ethiopia, Madagascar and Mozambique from April 29 to May 3, 2019.

The visit will be his first overseas trip as head of the WB, since assuming leadership of the organization on April 9, 2019, a press release the WB issued said.

His visit will focus on the WB Group’s work with African countries in promoting economic stability and building resilience, and its support to the poor countries through the International Development Association.

The potential of private sector partnerships to attract and build the resources necessary to help people reach their development goals is also said to be his focus.  

During his visit, the President will meet with leaders of the countries and other stakeholders, and will visit several World Bank Group-funded projects in each of the countries.

The WB Group President quoted as saying “I have chosen the African continent for my first official visit as World Bank Group President, recognizing the difficult challenges for leaders in promoting economic growth, security, and good governance.” 

“We must increase Africa’s development momentum to foster broad-based growth, raise median incomes, create jobs, tackle climate resilience, and incorporate women and young people in economies.”

He also expressed hope that to get some idea on how the Group can support the countries.

“I am looking forward to hearing from government leaders, private sector representatives – and directly from the people of Ethiopia, Madagascar, and Mozambique – on how the Bank Group can further assist in meeting these challenges.”