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The World Bank Group: African Union and World Bank Sign Memorandum of Understanding on Working Together to Support Africa's Development(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:29092008 WASHINGTON, D.C. -- The African Union (AU) and the World Bank today recommitted to deepen their collaboration and cooperation in fostering Africa's reintegration, sustainable development and the fight against poverty. In a Memorandum of Understanding (MoU) signed Friday the two institutions undertake to deepen their collaboration in the areas of regional integration, governance, post-conflict countries, relations with the Diaspora, and HIV/AIDS and other communicable diseases. Praising the transformation from the former Organization of African Unity (OAU), to the current AU, Robert Zoellick, President of the World Bank said, "We want to understand how to complement the AU's work and we need to keep our vision big, even though we also need a mixture of activities including some smaller projects". He said the World Bank was ready to help in "building the legitimacy of the African Union in various countries by working with the AU to promote and support real progress." The MoU provides an overall framework for collaboration over an initial five-year period in each of these areas, which are priorities for both the World Bank and the Africa Union. The Chairman of the AU Commission, Jean Ping said that the AU does lots of work on peace and security, with results to show. "We have made tremendous efforts to bring peace to the continent and have made great progress in democratization. He added that "two weeks ago, we also launched a free trade zone in the Southern Africa Development Community (SADC)--a 170 million population." "But in development work generally, AU continues to hold seminars without follow up and needs to move from rhetoric to action, " Ping said. The MOU provides that specific arrangements for individual activities in each substantive area will be set out in jointly-formulated work plans. Collaboration is intended to be results-focused, with the World Bank's technical expertise complementing the African Union's political leadership. The effectiveness of the collaboration will be periodically assessed by the two institutions. The World Bank's Managing Director, Ngozi Okonjo-Iweala emphasized the growth opportunity that Africa presents and said "The consistent theme is that Africa presents growth opportunities and the actors--African people--are waiting and ready to play their part, " she added. The MOU also commits the two organizations to share information on matters of mutual interest, including through annual consultations between senior management of the AU and the World Bank. Senior officials from the African Union Commission (AUC) will participate, under observer status, in the Annual Meetings of the World Bank, and senior officials from the World Bank will be granted observer status in the Ordinary Sessions of the AU Assembly, Executive Council and Permanent Representatives Committee. Giving an update on the status of two initial projects at the center of the AU and the World Bank's collaboration, Obiageli Ezekwesili, the World Bank's Vice President for Africa, said that "The projects have been selected and we are in the process of putting things in place from the Bank's side, which is expected to take a couple of months. Then we will be ready to work towards tangible progress on the ground. This collaboration between the World Bank and the AUC is results-oriented." In mid-July 2008, the AU Commission and the World Bank signed an agreement under which the Bank provided US$487,000 in grant funding for strengthening the African Diaspora Program of the AU. The grant aims at enhancing the capacity of the AU Mission to the United Sates in Washington, DC, to carry out one of its core functions of developing and maintaining productive relationships with the African Diaspora in the Americas (North America, the Caribbean and Latin America). The AU has categorized the African Diaspora as the "sixth (6^th) region" of Africa. For more information about the World Bank in Sub-Saharan Africa, please visit: www.worldbank.org/afr For more information about the African Union, please visit: www.africa-union.org/ Permanent URL for this page: http://go.worldbank.org/01RCG2VLL0 CONTACT: Beldina Auma Tel: +1 202 458 7307 e-mail: [email protected] Herbert Boh Tel: +1 202 473 3548 e-mail: [email protected] ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. |