Wolfowitz stresses private-sector role in Africa

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At last weeks US-Africa Business Summit in Baltimore, World Bank President Paul Wolfowitz stressed the important role that the private sector can play in Africa’s future development and growth:

“The record of the last 50 years could not be clearer, that the countries that have developed successfully have developed strong private sectors. …Governments and donors need to increase their efforts to include the business community in policy-making decisions."

Wolfowitz delivered these words fresh off his first official trip as World Bank president, where he visited four African nations. The full transcript of Mr. Wolfowitz’s speech at the Summit is available online, as well as additional interviews on his trip to Africa.

The goal of the summit (hosted by the Corporate Council on Africa) was to increase American investment throughout the African continent by increasing awareness of the many commercial opportunities in Africa. Their next event will be the Fourth Annual AGOA Private Sector Forum in Dakar from July18-19.

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