News24

World Bank head to visit SA on 1st tour

2012-08-31 20:30

New York - World Bank president Jim Yong Kim will visit South Africa and Ivory Coast next week on his first official foreign trip since taking over as head of the global lender in July.

Kim will visit the two countries on 4 - 6 September to discuss how the World Bank can help African nations achieve higher economic growth, reduce poverty, and create jobs, the international organisation said in a statement on Thursday.

"Reducing poverty and creating opportunity for people to succeed are vital to the World Bank Group's mission, and I plan to continue to strengthen our work towards these goals," he said.

"For this reason I chose Africa for my first official visit as World Bank Group president, recognising the priority given by the continent's governments to faster growth and less poverty."

Kim said he would also discuss the importance of reducing trade barriers and better integrating the continent's fractured economies. He is set to meet the leaders of both countries as well as cabinet ministers, business representatives, women leaders and young people.

Unlike the bankers, diplomats and economists who have run the World Bank in the past, Kim brings a background in medicine and a record of developing programmes to fight diseases like HIV/Aids and tuberculosis in poor countries.

Comments
  • des.cider - 2012-08-31 21:15

    Let us take bets on the result of this trip. I bet that within a week, both countries will suffer a downgrade of their currencies and a withdrawal of foreign investments.

      glen.e.huysamer - 2012-08-31 22:06

      I will bet you, an equalizer, that what you foretell is what will happen. A warning to all in South African's that where ever the world bank gets involved, the opposite to what the world bank claims it's purpose to be will in actual fact happen.

  • J.Stephen.Whiteley - 2012-09-01 07:37

    A global Welfare State funded largely by the United States since 1944, and whose Presidents are chosen by the US President. It includes in the definition of Gross Domestic Product of every country the amount spent by that country's Government, which is a mistake so fundamental as to be a deliberate error. Capitalist in propaganda; Socialist in aim.

  • irvin.mkhari - 2012-09-01 08:05

    i hope he is coming here to help and contribute to improve the economy of africa,not to take from africans as they usually do.

      J.Stephen.Whiteley - 2012-09-01 08:49

      He takes from Joe Clay, the ordinary American taxpayer, as they usually do

  • irvin.mkhari - 2012-09-01 08:16

    africa is the business environment to many outsiders,and they need to benefit so i do not think they are here for improving our economy instead they want to take everything from africans.

      J.Stephen.Whiteley - 2012-09-01 09:11

      You may be thinking of the clothing industry, under competition from the overexploited Chinese. Yet, as Harry Opperheimer said, "Labour is the source of all wealth - there is no other."

  • quartus.vanzyl - 2012-09-01 08:57

    another exercise in futility

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