Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Culture/Media/IT
 News
 Environment/Natural Resources
 Events
 Religion/Civilisation
 Business/Finance
 Global Conflicts/Terrorism
 Features
 Sports
 Science & Tech
 Economic & Social Development
 Energy/Mining
 Country Profile
 Useful Links
 Contact us

Economic

WORLD BANK/AFRICABack
[Published: Friday August 31 2012]

World Bank chief heads to Africa in first overseas visit

Washington, 31 Aug - (ANA) - New World Bank President Jim Yong Kim heads to the Ivory Coast and South Africa next week on his first trip to Africa since taking the reins of the global development lender two months ago.
The visit comes at a time when African economies are among the fastest growing in the world although their development is constrained by shortages of roads, ports, power supply, water and sanitation. Despite high rates of growth, rising youth unemployment and inequality are a growing concern. "Africa is truly taking off and I look forward to hearing directly from governments and people on the continent on how the Bank can help drive more inclusive development throughout Africa," Kim said in a statement.
During his trip to the Ivory Coast, starting on Tuesday, Kim will meet President Alassane Ouattara and his economic team, which have managed to turn around a stagnant economy within a year since the end of a civil war that claimed more than 3,000 lives. The government has launched several major infrastructure projects and restored security across most of the cocoa-growing country. He will also visit an industrial park for small and medium-sized agribusinesses, which will highlight the push for more investment in agriculture amid increasing volatility in food prices. Kim will end his trip in South Africa where he will hold talks with South African President Jacob Zuma and Finance Minister Pravin Gordhan, as well as local entrepreneurs. A wave of labor unrest and violence in South African mines has highlighted frustrations over rising poverty, inequality and stubbornly high unemployment. "South Africa is a key factor of African growth and a leading voice for the African continent in the G-20 and other global forums. It is also an important driver for trade and investment," said Kim. (ANA)
FA/ANA/31 August 2012---------
 

North South News website

Advertise banner

News icon Israel/Syria
News icon US/EU
News icon Obama/Kenya
News icon Italy/Migrants
News icon China/Growth
News icon Trump/Russia
News icon PARIS/WORLD CUP
News icon Israel/Palestine
News icon Haiti/PM
News icon Trump/May

AFRICAN PRESS AGENCY Copyright © 2005 - 2007