Sep 06, 2012
Infrastructure and policy delivery to form basis of World Bank’s future engagement with SABack
Expertise|Pretoria|Washington|Africa|Environment|Innovation|Projects|Resources|Systems|Africa|South Africa|United States|Bank|Development Finance Institution|Energy|Service|Systems|Infrastructure|Jacob Zuma|Jim Yong Kim|Pravin Gordhan|Robert Zoellick
© Reuse this
Kim took over leadership of the development finance institution in July and his missions to Côte d’Ivoire and South Africa in early September marked his first official visits outside the US since taking over from Robert Zoellick.
South Africa’s success was important for the “region, the continent and the world” and, thus, a priority for the World Bank, notwithstanding the country’s middle-income status.
The Washington-based institution would start engagements soon on a new country strategy for South Africa, which was likely to be aligned to South Africa R3.2-trillion, multidecade infrastructure plan. But it would also place emphasis on improving policy implementation and service delivery.
Addressing the media following meetings with President Jacob Zuma and eight Cabinet Ministers, in Pretoria, Kim said he was “deeply impressed” by South Africa’s level of analysis, policy and planning.
The focus, however, needed to shift to ensuring that its good policy was implemented – a theme that would form the basis of the future structure of the bank’s relationship with South Africa.
“We had a very intensive discussion on how the World Bank and South Africa could work together on improving implementation and delivery,” Kim said, adding that the World Bank had extensive experience in improving implementation in a number of other countries.
Finance Minister Pravin Gordhan, who together with World Bank VP for Africa Makhtar Diop flanked Kim at the briefing, said South Africa was optimistic that, under Kim, the bank would help find “new and different answers” to the world’s inclusive-growth dilemma.
Gordhan hoped that South Africa would become a “laboratory of good practice and innovation”, particularly in the areas of employment creation generally, and youth employment in particular.
Even more than its financial resources, Gordhan said government was keen to draw on the bank’s technical expertise. But he did not discount seeking further financial assistance, but only if “we absolutely need it.”
“What we do need in South Africa are efficient delivery systems so that intentions and policies begin to be converted, very efficiently, into actions on the ground,” Gordhan said.
In the infrastructure environment, that meant improving the sequencing and coordination of projects and developing visibility around a “10 to 20 year pipeline of projects”.
Diop indicated that the bank also planned to collaborate with South Africa to support key African Union-backed regional infrastructure projects, particularly those in the area of energy.
Edited by: Creamer Media Reporter© Reuse this
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
Other Economy News
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
This Week's Magazine
Lifting, transporting, installing and ballasting solutions provider Ale has expanded its global fleet of trailers and invested in the latest range of widening trailers that can be mechanically widened from 3 m to the desired width for any project. Ale ordered 48 axle...
The market for the BMW 7 Series in South Africa differs quite significantly from the rest of the world. China, the US and the Middle East almost exclusively buy the long-wheel-base version, using the German manufacturer’s luxury high-end sedan as a chaffeur-driven...
January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year. Statistics released by the Department of Trade and Industry show that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.
Information technology (IT) equipment and infrastructure multinational Dell is providing open infrastructure systems for clients so that they can use any systems, including innovative new systems, that suit their business needs, says Dell Europe, Middle East and...
South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.