World Bank OKs New Strategy for Africa

The World Bank’s board of executive directors approved Mar. 1 a new strategy for Africa.

The new strategy focuses on competitiveness and employment, vulnerability and resilience, and governance and public sector capacity.

“In implementing the Strategy, the World Bank Group shall remain fruitfully engaged with citizens as they demand greater participation in the benefits of improved economic performance, deploy our partnerships, knowledge and finance to work with governments, private sector, civil society and other partners and help countries to speed up the attainment of the MDGs, expand economic prosperity and reduce poverty,” Obiageli Ezekwesili, vice president of the World Bank for Africa, said a statement.

It took more than a year to put together the plan. A draft for the five-year policy and operational roadmap for Africa was released in November.

>> World Bank Unveils Draft Africa Strategy

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About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.