World Bank set to visit Madagascar, Mozambique

World Bank boss set to visit Madagascar, Mozambique

Extending his Africa tour from Ethiopia, World Bank Group President David Malpass is set to visit Madagascar and Mozambique, the Bank said in its press statement.

This is David Malpass first overseas trip as head of global development Institution World Bank Group President since assuming leadership of the organization on April 9, 2019. Mr. Malpass will focus his visit on the World Bank Group’s work with African countries in promoting economic stability and building resilience; the institution’s support to the world’s poorest countries through the International Development Association. He is also expected to discuss on the potential of private sector partnerships to attract and build the resources necessary to help people reach their development goals.

During his visit, Mr. Malpass will meet with leaders and other stakeholders in Madagascar, Ethiopia, and Mozambique, and will visit several World Bank Group-funded projects in each of the countries. In Mozambique, he will visit the city of Beira, which was heavily impacted by Cyclone Idai in March 2019.

“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” said World Bank Group President David Malpass.

“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. 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.”