The World Bank Group President, David Malpass, has hinted of his plans to visit Madagascar, Ethiopia and Mozambique as part of his plans to deepen the bank’s effort in promoting economic stability in the countries.
Malpass in a statement from the World Bank group on Friday said that the visit will focus on the World Bank Group’s work with African countries in promoting economic stability and building resilience.
The visit will also help in strengthening the institution’s support to the world’s poorest countries through the International Development Association, and the potential of private sector partnerships to attract and build the resources necessary to help people reach their development goals.
“The World Bank Group’s mission is more urgent than ever, by 2030, nearly 9 in 10 extreme poor will reside in sub-Saharan Africa. 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,” Malpass said.
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According to the statement, Malpass will meet with leaders and other stakeholders in Madagascar, Ethiopia, and Mozambique to discuss on how the bank group can further assist in meeting the challenges of climate resilience, job creation among other identified challenges.
“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 said.
“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.”
