World Bank Group Presidentis traveling to Africa on his first foreign trip as head of the global development institution 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, including 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.
“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,” the World Bank said in a statement sent to TODAY NEWS AFRICA in Washington D.C. on Friday.
In Mozambique, Mr. Malpass 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” Malpass said.
“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.”