Nov 22, 2011, 12:39 PM
World Bank Group President Robert B. Zoellick pledged support to
During meetings with the president of
“Increasing agricultural productivity, lowering energy and transportation costs, and diversifying beyond gold mining will lay a stronger foundation for job creation and shared growth,” Zoellick said at the end of his two-day visit to
Zoellick, who arrived Bamako on December 18 on a two-nation trip which started December 16 in Zambia, noted Mali’s vulnerability to poor weather conditions and other natural disasters, including the fact that the country is also expected to produce less gold in the years ahead.
Zoellick visited the Groupe Industriel Madiou Simpara SA beverage and packaging company to see a successful, locally owned business that received World Bank Group support. He also visited the Sotuba Agricultural Research Station to discuss increasing agricultural productivity with farmers and researchers.
Zoellick encouraged transparency in revenue management for
Cotton accounted for 8 percent of
During discussions with civil society, Zoellick supported citizens’ groups in their efforts to achieve more accountability, good governance and anti-corruption efforts.
We have just concluded a successful replenishment of IDA 16, the World Bank’s main funding to low-income countries, the World Bank chief who was accompanied by the Vice President for the Africa Region, Obiageli Ezekwesili, told reporters.
This past year, IDA committed US$ 140 million to Mali to support various programs in the areas of: (i) expanding access to electricity, (ii) fostering agriculture productivity while promoting the value chain approaches, and (iii) providing budget support to help the country cope with the effects of the global economic crisis.
In as much as IDA 16 represents a 20% percent increase over IDA 15, we would expect
The priority areas for spending are likely to include: infrastructure development through PPP initiatives, commercial agriculture, environment and natural resources management, skills development and job creation.