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World Bank President Zoellick’s speech at African Union Summit

03 February 2010

World Bank President Robert Zoellick described a range of trade and development initiatives that the bank has planned for Africa in a speech given at the African Union Summit held 31 January 2010 in Addis Ababa.

Read more: World Bank President IFC Africa trade and infrastructure Africa food initiatives Africa GTLP IFC Africa

I appreciate the invitation to be with you again. I wish to thank AU Chairman Jean Ping for his strong leadership for Africa and for his partnership with the World Bank Group. I also want to thank Prime Minister Meles and the people of Ethiopia for hosting this summit. As always, they are gracious hosts.

I also would like to recognize the strong leadership of our African team at the Bank Group, led by Oby Ezekwesili at the Bank and Thierry Tanoh at IFC. Our Managing Director Ngozi Okonjo-Iweala has global responsibilities, but of course keeps a close eye on African needs.

All of you, as African leaders, know the perils of this economic crisis. But you also know about Africa’s opportunities and its potential to be another source of growth for the world economy.

I have always believed that the African Union will be a cornerstone of Africa’s...


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