World Bank May ‘Co-Invest’ With China in Africa |
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February 2, 2010
The World Bank may seek to “co- invest” with China in African manufacturing projects, helping poor nations to add value to exports and create jobs, President Robert Zoellick said.
The World Bank may seek to “co- invest” with China in African manufacturing projects, helping poor nations to add value to exports and create jobs, President Robert Zoellick said.
China can bring expertise in building infrastructure and lessons from its own recent push to become a manufacturing hub, Zoellick said in a video conference from Ethiopia’s capital, Addis Ababa, today.
“We welcome China’s investment in sub-Saharan Africa,” he said. “We think it has the potential to build infrastructure and create additional jobs, perhaps also create some new investment possibilities in the manufacturing sector.”
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