President John Evans Atta Mills has called on developed nations to support the World Bank Group’s bid for a capital increase in order to boost the Bank’s funding capacity for low-income countries.
President Mills made the call during a meeting with the World Bank’s Managing Director, Ngozi Okonjo-Iweala. He stated, “The World Bank Group has been a key partner in helping Ghana and other countries on the African Continent navigate through the current financial crises.
Even though we have seen some positive results in managing the crises, it is important that developed nations act to ensure the World Bank Group has all the resources needed.”
President Mills put forward that the World Bank must be fully capitalized to enable it continue to support developing nations, especially nations on the African Continent.
On her part, the World Bank’s Managing Director, Ngozi Okonjo-Iweala expressed the Bank’s support for Ghana’s 2010 budget and commitment to protect the poor and vulnerable.
The World Bank President also commended Government’s agenda of encouraging commercial agriculture as a means of creating jobs and growing the economy.
Ngozi Okonjo-Iweala assured President Mills of the Bank’s continued support for Ghana’s economic growth and development agenda.
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
