In
order to finance development in an intelligent fashion, the WB needs to
mobilise some US$135 thousand million in Official Development
Assistance (ODA). This amount will attract and leverage new public and
private investments.
"We
have a large portfolio, a series of projects in preparation that will
drive private investment. These are projects for which there is great
demand and we are seeking to mobilise possible resources. There is the
Ebola problem, floods in Malawi and the earthquake in Nepal as well,
which is why the response budget for three years was already exhausted
in the first year," explained the World Bank VP in his presentation on
the topic "Funding Options for ODA."
The
record ODA replenishment of US$52.1 thousand million aims to maximize
impact on development by leveraging public and private resources, in
addition to knowledge, with solid results and efficiency at a low cost.
The demand for regional projects in Africa remains large, and most resources are committed to regional infrastructure projects.
"The
strong replenishment of ODA and financial innovations are crucial to
fulfilling the agenda for transformation in Africa," he concluded.
The
current Chairman of the African Group of Finance Ministers and Central
Bank Governors affiliated with the International Monetary Fund and the
World Bank is the Angolan Minister of Finance; its first Vice-Chair is
the Minister of Finance of Benin and the second Vice-Chair is the
Minister of Finance of Benin (sic). The position of the organisation's
Secretary is held by the Egyptian Minister of Finance.
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