World Bank has new outlook on Africa
It’s an exciting week in International Development as the World Bank announced on Tuesday that it would be restructuring its strategy for Africa, and allowing for more country participation in the development of its economic policies for the region.
The new strategy will be developed through ongoing, region-wide consultations with governments, multilateral organizations, the private sector, think tanks and non-governmental organizations. The shift from a Washington-led strategy to one more closely involving regional stakeholders will allow African countries to prioritize their needs and devote resources to critical areas.
For the non-profit International Development community, it looks as though this strategic review will create an opportunity to influence the future policy of one of the largest donors to African development. The shift in programmatic focus on the part of the World Bank promises to be accompanied by ongoing consultation with local governments, leaders and non-governmental organizations.
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