Ngozi Okonjo-Iweala, World Bank Managing Director visits Poland to discuss its emerging role in international development cooperation

                       WARSAW, Jan 14, 2011 â€" Ngozi Okonjo-Iweala, World Bank Managing Director today complete her two-day meet to Polska designed upon the invitation of Prof. Marek Belka, President of the National Bank of Poland. The important purpose of her meet was to handle how Polska crapper deal its undergo and success with others and process its persona in planetary utilization cooperation. Ms. Okonjo-Iweala also convergent on Poland’s upcoming EU Presidency, which, according to the World Bank, offers an superior possibleness to encourage planetary cooperation and integration. “My important communication to you today is to think differently most utilization assistance”, Okonjo-Iweala said during the seminar “Perspectives for utilization resource in Poland” designed by the National Bank of Poland. “Development resource is not most charity, but an assets that benefits all, including Poland”. As the originator meliorist in ex-communist Europe, Poland’s body showed enthusiastic spirit in adopting a brave macroeconomic standardisation plan and enterprising structural reforms.  During the first decennium of transition, fast easement of large parts of the economy, building institutions essential for a mart economy, and good macro-economic direction created the groundwork for Poland’s vibrant frugalness today.  After the agonized early years of transition, scheme ontogeny took off, change flourished, and steady institutions took root.  Today, Polska is a high-income land that, due to the Government’s brave decisions, managed to weather the time scheme crisis in a highly awesome manner. The World Bank believes that Polska is primed to full adopt its activity persona among the New Member States to gradually process their planetary persona in utilization cooperation During her meet to Poland, Ngozi Okonjo-Iweala met with Radoslaw Sikorski, Minister of Foreign Affairs; Waldemar Pawlak, Deputy Prime Minister and Minister of Economy; and Jan Vincent-Rostowski, Minister of Finance. The discussions convergent on Poland’s aborning persona as a donor, but also on forthcoming cooperation between Polska and theWorld Bank. “Increasing utilization assistance would goodness Polish businesses and trade,” said Okonjo-Iweala. “In this concern of ever-increasing globalization, businesses are hunting for new markets in which to invest, and Africa and another aborning markets are ripe for consideration.  Private investors are fascinated in nonindustrial countries because they crapper make money at what they comprehend to be unexceptionable levels of risk.” Okonjo-Iweala added that “Another vital Atlantic of pore is trade.  Developing countries hit accounted for most half of the process in concern goods obligation since 2000. Advanced economies requirement player sources of obligation to hold recovery and create jobs.  But they also requirement inputs for their products such as minerals, agriculture, and fossil fuels.  And nonindustrial countries requirement access to overseas markets in order to acquire faster finished treatment and rising productivity.  This crapper be a win-win situation.” The World Bank stands primed to hold Polska during its EU Presidency and to help amend Poland’s persona in utilization cooperation. The World Bank is also fascinated in process cooperation with Polska in the areas of, for example, forcefulness efficiency, doing playing and innovation, and subnational cooperation. Press briefing BACKGROUNDER Perspectives for utilization resource in Poland Warsaw, Jan 13th 2011 The important think for the meet of Ngozi Okonjo-Iweala, Managing Director of the World Bank, is to handle how Polska crapper deal its undergo and success with others.  Poland’s flourishing transformation undergo and its relatively strong action during the orbicular and regional crisis substance some priceless lessons for another countries.  The World Bank believes it is an superior time for Polska to process its solidarity with countries that move to effort against semipolitical and scheme hardship.  As the originator meliorist in ex-communist Europe, Poland’s body showed enthusiastic spirit in adopting a brave macroeconomic standardisation plan and enterprising structural reforms.  During the first decennium of transition, fast easement of large parts of the economy, building institutions essential for a mart economy, and good macro-economic direction created the groundwork for Poland’s vibrant frugalness today.  After the agonized early years of transition, scheme ontogeny took off, change flourished, and steady institutions took root.  Today, Polska is a high income country.  Polska was the only land in the EU to refrain ceding in 2009.  Polska grew by 1.7 percent, patch the EU declined by 4.2 percent. The communication of the Managing Director is most intellection differently most aid.  This is not meet most charity.  Investing in utilization module goodness all, including Poland.  Aid crapper be good for Polish businesses and trade.  In this concern of ever crescendo globalization, businesses are hunting for new markets in which to equip and Africa and another aborning markets are ripe for consideration.  Private investors are fascinated in nonindustrial countries because they crapper make money at what they comprehend to be unexceptionable levels of risk.  Increasingly companies finance in low income countries are reaping disproportionately higher returns, compared to those finance in traditional markets.  Another vital Atlantic of pore is trade.  Developing countries hit accounted for most half of the process in concern goods obligation since 2000.  Many low income countries are more unstoppered today than they were in 2000.  Advanced economies requirement player sources of obligation to hold recovery and create jobs.  But they also requirement inputs for their products such as minerals, agriculture and fossil fuels.  And nonindustrial countries requirement access to overseas markets in order to acquire faster finished treatment and rising productivity.  This crapper be a win-win situation. The World Bank believes Polska is primed to process its activity role. For example, despite the crisis and fiscally challenging environment, Polska helped another dweller countries that were more seriously compact including island and Latvia. This awesome business strength and planetary solidarity shows that Polska is primed to endeavor an crescendo persona as a donor. The World Bank also believes Poland’s upcoming EU Presidency offers an superior possibleness to process encourage planetary cooperation, patch taking a activity persona among the New Member States to gradually process their planetary helper role. Over these time twenty years (since 1990), the World Bank has provided US$10.3 billion of IBRD for 73 projects to hold Polska in different sectors of the economy.