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World Bank President to visit Ethiopia

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Addis Ababa, April 26, 2019 (FBC) -The World Bank’s new President David Malpass will visit Ethiopia in a few days’ time.

In addition to Ethiopia, he will travel to Madagascar, Mozambique before flying to Egypt and a debt conference in Paris.

This is his first foreign trip as the World Bank’s leader to sub-Saharan Africa to highlight his vision for the bank’s poverty reduction and development agenda.

Reuters quoted Malpass as saying that Africa is a key priority for the bank due to its high concentration of the world’s poorest people.

Leaders of two of the countries on Malpass’ trip, Ethiopia and Mozambique, are among a number of African leaders also attending this year’s summit.

Malpass was the Treasury’s undersecretary for international affairs in Donald Trump’s administration.

Malpass said at the IMF and World Bank spring meetings this month that meeting the development lender’s goals of ending extreme poverty by 2030 calls for a focus on Africa.

“By 2030, nearly 9 in 10 extremely poor people will be Africans, and half of the world’s poor will be living in fragile and conflict-affected settings,” he told a news conference at the meetings.

“This calls for urgent action, by countries themselves, and by the global community.”