Africa's century for development: World Bank chief

Fri Aug 14, 2009 5:43am GMT
 

By Lesley Wroughton

KAMPALA (Reuters) - World Bank President Robert Zoellick concluded a visit to Africa on Thursday, saying he was still convinced this century belonged to Africa's development despite damage to their economies caused by the global financial crisis.

He said Africa's needs deserved more attention and should be made a priority at a meeting of the Group of 20 developed and developing countries in the United States next month.

The World Bank chief said his travels to the Democratic Republic of Congo, Rwanda and Uganda had reinforced his belief that the immediate challenge to keep Africa growing required more resources to bolster regional integration as well as investments in energy, infrastructure and agriculture.

He said it was clear from his visit that the financial crisis has affected African countries differently and that those with sound economic policies had fared better than others, while countries emerging from conflict, such as the DR Congo, required special attention.

If a decade of strong economic growth in Africa was to be sustained, Zoellick said it deserved additional support from donors at the G20 meeting of member countries in Pittsburgh on September 24-25, as well as increased efforts by international institutions like the World Bank, which recently reported record levels of lending to developing countries hit by the crisis.

"As we look toward the G20 meeting in September and others, we need to put developing countries higher on the priority list, particularly those in Africa," Zoellick told a news conference in the Ugandan capital, Kampala, at the end of the five-day tour.

But to make the case for more resources from donors, whose budgets are being strained by the financial crisis, Zoellick said Africans need to demonstrate that they can use aid effectively and improve governance.

"I still believe this can and should be the century of Africa," Zoellick said, noting that a more balanced global economy will require Americans to consume less and save more, which will shift global growth more toward emerging economies.   Continued...

Photo
Photo
Uganda gays feel threatened by bill

Being gay or lesbian in Uganda is illegal and those who are risk being locked away for up to 14 years. Now, a new parliamentary bill wants gay people to face even stiffer penalties and is proposing life imprisonment and even death sentences in some cases...  Blog 

 
Photo
Ethiopian plane crash should not sully success story

When news of the Ethiopian Airlines plane crash broke this morning my heart sank at the thought of covering yet another negative story about Ethiopia.  Blog 

 
Photo
How will Chinese culture influence Africa?

So far, media coverage of China’s involvement in Africa has mostly been about investment. Stories of Chinese engineers in hard hats standing by roads up mountains in Ethiopia. Stories of Chinese farmers moving to Zambia.   Blog 

 
Photo
The unnumbered dead

The simple answer to the question of how many people died in Congo’s civil war is “too many”.  Blog 

 
Photo
Guinea tests Western influence in Africa

Whether Guinea’s absent junta leader Moussa Dadis Camara makes it back to his home country or not will be the latest test of Western powers’ dwindling influence in Africa.  Blog 

 
Photo
Africa-Asia ties flying high

Investment from China and other Asian countries was an important factor in several years of unprecedented growth in Africa before the global downturn hit.  Blog 

 
Powered by Reuters AlertNet. AlertNet provides news, images and insight from the world's disasters and conflicts and is brought to you by Reuters Foundation.