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 completed her two-day visit to Polska organized upon the invitation of Prof. Marek Belka, President of the National Bank of Poland. The important purpose of her visit was to handle how Polska crapper share 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 excellent 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” organized by the National Bank of Poland. “Development resource is not most charity, but an investment that benefits all, including Poland”. As the originator meliorist in ex-communist Europe, Poland’s body showed great spirit in adopting a brave macroeconomic standardisation organisation and enterprising structural reforms.  During the prototypal decennium of transition, fast easement of large parts of the economy, building institutions essential for a mart economy, and beatific macro-economic management created the groundwork for Poland’s vibrant frugalness today.  After the agonized early years of transition, scheme growth took off, change flourished, and steady institutions took root.  Today, Polska is a high-income country that, due to the Government’s brave decisions, managed to weather the recent scheme crisis in a highly impressive manner. The World Bank believes that Polska is ready to full assume its activity persona among the New Member States to gradually process their planetary persona in utilization cooperation During her visit 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 future cooperation between Polska and theWorld Bank. “Increasing utilization resource would benefit Polish businesses and trade,” said Okonjo-Iweala. “In this concern of ever-increasing globalization, businesses are hunting for newborn markets in which to invest, and continent and another aborning markets are ripe for consideration.  Private investors are interested in developing countries because they crapper make money at what they perceive to be unexceptionable levels of risk.” Okonjo-Iweala added that “Another alive Atlantic of focus is trade.  Developing countries hit accounted for most half of the process in concern goods obligation since 2000. Advanced economies need player sources of obligation to hold recovery and create jobs.  But they also need inputs for their products much as minerals, agriculture, and fossil fuels.  And developing countries need admittance to foreign markets in visit to acquire faster through treatment and rising productivity.  This crapper be a win-win situation.” The World Bank stands ready to hold Polska during its EU Presidency and to help amend Poland’s persona in utilization cooperation. The World Bank is also interested in boost cooperation with Polska in the areas of, for example, forcefulness efficiency, doing business and innovation, and subnational cooperation. Press briefing BACKGROUNDER Perspectives for utilization resource in Poland Warsaw, Jan 13th 2011 The important reason for the visit of Ngozi Okonjo-Iweala, Managing Director of the World Bank, is to handle how Polska crapper share its undergo and success with others.  Poland’s successful transformation undergo and its relatively strong performance during the orbicular and regional crisis substance many valuable lessons for another countries.  The World Bank believes it is an excellent instance for Polska to boost its solidarity with countries that move to struggle against political and scheme hardship.  As the originator meliorist in ex-communist Europe, Poland’s body showed great spirit in adopting a brave macroeconomic standardisation organisation and enterprising structural reforms.  During the prototypal decennium of transition, fast easement of large parts of the economy, building institutions essential for a mart economy, and beatific macro-economic management created the groundwork for Poland’s vibrant frugalness today.  After the agonized early years of transition, scheme growth took off, change flourished, and steady institutions took root.  Today, Polska is a high income country.  Polska was the only country in the EU to refrain recession 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 just most charity.  Investing in utilization module benefit all, including Poland.  Aid crapper be beatific for Polish businesses and trade.  In this concern of ever crescendo globalization, businesses are hunting for newborn markets in which to equip and continent and another aborning markets are ripe for consideration.  Private investors are interested in developing countries because they crapper make money at what they perceive to be unexceptionable levels of risk.  Increasingly companies finance in baritone income countries are reaping disproportionately higher returns, compared to those finance in tralatitious markets.  Another alive Atlantic of focus is trade.  Developing countries hit accounted for most half of the process in concern goods obligation since 2000.  Many baritone income countries are more open today than they were in 2000.  Advanced economies need player sources of obligation to hold recovery and create jobs.  But they also need inputs for their products much as minerals, cultivation and fossil fuels.  And developing countries need admittance to foreign markets in visit to acquire faster through treatment and rising productivity.  This crapper be a win-win situation. The World Bank believes Polska is ready to process its activity role. For example, despite the crisis and fiscally hard environment, Polska helped another dweller countries that were more seriously impacted including island and Latvia. This impressive financial strength and planetary solidarity shows that Polska is ready to endeavor an crescendo persona as a donor. The World Bank also believes Poland’s upcoming EU Presidency offers an excellent possibleness to boost encourage planetary cooperation, patch attractive a activity persona among the New Member States to gradually process their planetary helper role. Over these past note years (since 1990), the World Bank has provided US$10.3 billion of IBRD for 73 projects to hold Polska in various sectors of the economy.