Meeting Africa's Urgent Development Needs; World Bank President's Proposals Target Key Areas: Food, Minerals and Innovative Financing.

0 Comments | M2 Presswire, April, 2008

M2 PRESSWIRE-4 April 2008-WORLD BANK GROUP: Meeting Africa's Urgent Development Needs; World Bank President's Proposals Target Key Areas: Food, Minerals and Innovative Financing(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:02042008

WASHINGTON -- The World Bank Group President Robert B. Zoellick announced a package of proposals designed to help African countries address rising food and commodity prices, create new opportunities for managing wealth earned from high energy and mineral prices in a more inclusive way, and generate long-term liquidity by tapping into sovereign wealth funds.

The speech "A Challenge of Economic Statecraft" was delivered at the Center for Global Development, an independent Washington, DC think tank, ahead of next...