WORLD BANK: World Bank supports new partnership for Capacity Building in Africa.

0 Comments | M2 Presswire, May, 1999

M2 PRESSWIRE-25 May 1999-WORLD BANK: World Bank supports new partnership for Capacity Building in Africa (C)1994-99 M2 COMMUNICATIONS LTD RDATE:210599 WASHINGTON - The World Bank Board of Directors has approved support for and Bank membership in the Partnership for Capacity Building in Africa (PACT), a new collaborative framework between African countries and their international development partners.

Unlike previous programs which were externally conceived, PACT is an African initiative. It was initiated by the African Governors of the World Bank and is meant to strengthen human and institutional capacities in sub-Saharan Africa, spur economic growth, reduce poverty, and improve living standards. The initiative is expected to bolster capacity in the...