A Dynamic Partnership in New Frontiers – Africa
Jim Yong Kim, President of the World Bank Group, called the country "an exceptional example of an aid recipient turned donor" and urged business leaders to invest in Africa to help millions of Africans emerge from poverty, while also finding strong...
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| Language: | English en_US |
| Published: |
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25866069/speech-world-bank-group-president-jim-yong-kim-world-bank-group-korea-dynamic-partnership-new-frontiers-africa-seoul-korea-republic http://hdl.handle.net/10986/24343 |
| Summary: | Jim Yong Kim, President of the World Bank Group,
called the country "an exceptional example of an
aid recipient turned donor" and urged business leaders
to invest in Africa to help millions of Africans emerge from
poverty, while also finding strong economic returns in new
markets. It used to be that if you wanted to do something
around development, the focus was on official development
assistance, foreign aid. Korea is one of the countries that
benefited tremendously from foreign assistance. The World
Bank made many investments in the Republic of Korea and to a
great extent some of the greatest successes were related to
the relationship between the Republic of Korea and the World
Bank Group. For countries to have the same
experience that Korea has had--going from one of the poorest
countries in the world to now being the 14th largest economy
in the world--the private sector will have to play a
critically important role. |
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