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World Bank MD visits DRC, pledges support to develop agro-industrial parks

World Bank Group Managing Director Dr Sri Mulyani Indrawati, who on Tuesday concluded her visit to the Democratic Republic of Congo (DRC), said her organisation and its agency, the International Finance Corporation, were ready to provide expertise to develop important sectors, including the country’s agro-industrial parks.

Indrawati, who met with President Joseph Kabila Kabange, PM Matata Ponyo and key government figures, recommended that the DRC devote more resources to the development of human capital, especially in the health and education sectors.

“There is tremendous potential for this country to grow,” she said.

“The agro-industrial park project represents an even greater potential because it addresses another sector, agriculture, upon which the vast majority of the population depends.”

“I’m greatly encouraged by the productive conversations we have held with Dr Indrawati over the last few days,” DRC finance minister Henri Yav Mulang said..

“I look forward to continuing our productive relationship, and thank her for the support she has shown for the people of the Congo,” Mulang added.

More than 63% of the DRC people live in extreme poverty, according to the UN.

The DRC boasts rich natural resources, which include two-thirds of the world’s coltan reserves and 60% of the world’s cobalt reserves, and 80 million hectares of arable land.

But decades of dictatorship, economy mismanagement, state corruption, nepotism, non-existent redistribution of income, among others, have reduced the Congolese people to one of the world’s hungriest and poorest.

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