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World Bank “˜has no problem’ with Chinese contracts with the DRC, sites “˜enormous opportunities’

World Bank managing director Ms. Ngozi Okonjo-Iweala made a work visit to the DRC from 23-25 July 2008. The theme of the evaluation visit was: "How to produce results and a visible impact in a post conflict environment."

She said, "There are many constraints and problems here, for example corruption, but we must focus on the enormous opportunities, like the agriculture, energy and mining sectors," she explained.  Other key sectors for the World Bank in the DRC are the rebuilding of roads, as well as support to education and health.  The director declared that the World Bank has a funding envelope of 2.5 billion dollars for development in the DRC.

"1.5 billion dollars remains to be used for development projects in the DRC. But it is necessary to have qualified human resources in the institutions, to manage these projects, to ensure that the money is used in an effective manner," she explained.

On the contracts between the DRC and China, Mrs. Okonjo-Iweala indicated that "the World Bank has no problem."

"We think that all funding sources for development in Africa are valid," but she said that "each financial backer must be transparent in its deals."

"We have a memorandum of agreement with the Chinese government, so that we can work together in African countries," she concluded.

To get an on-the-ground perspective, make sure you attend Infrastructure Partnerships for African Development (iPAD) Central Africa 2008 taking place in Kinshasa from 07-10 October 2008 at the Grand Hotel.   

This established conference and exhibition offers direct access to government and high-level networking in the power, mining, banking and telecoms sectors.  Participants can expect to presentations from H.E. the Minister of Mines, Martin Kabwelelu; H.E. the Minister of Energy, Salomon Banamuhere; H.E the Minister of Planning, Olivier Kamitatu Etsu; H.E. the Governor of Bas-Congo Province, Simon Mbatshi-Batsha; H.E. Wu Zexian, Chinese Ambassador to the DRC; Mr Yengo Massampu, Director General, SNEL; Mr Patrick Auffret, Country Manager, World Bank, Mr Pat Naidoo, CEO of Westcor and many more!

Register before the 15th August to qualify for the Early Bird rate!

To register, please contact Ms Jimina Schmidt on

For conference enquiries, please contact Ms Nicole Smith on

Visit www.ipad-africa.com/central