World Bank Unveils Draft Africa Strategy

Mozambican women work in the recycling section of a paper mill and paper recycling factory in Maputo. The World Bank has released its draft five-year strategy for Africa, which focuses on competitiveness and employment, vulnerability and resilience, and governance and public sector capacity. Photo by: Eric Miller / World Bank

The World Bank has released its draft five-year policy and operational roadmap for Africa. The proposed strategy focuses on competitiveness and employment, vulnerability and resilience, and governance and public sector capacity.

The bank will use traditional implementation instruments such as finance, knowledge and partnerships to implement the strategy.

“The main instrument of implementation will be partnerships―with African society and with other development actors. We will mobilize the development community to support a ‘Marshall Plan for Africa,’ aimed at relaxing the financing constraint to reach the [Millennium Development Goals] (and beyond),” the draft strategy reads.  

The bank is seeking feedback on the draft strategy through its online feedback form. The final version is due to be published in March 2011. 

About the author

  • Dsc05567

    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.