Visit of Ngozi Okonjo - Iweala, Managing Director; PRESS BACKGROUNDER: Perspectives for development assistance in Poland

Warsaw, Jan 13th 2011 The main think for the visit of Ngozi Okonjo-Iweala, Managing Director of the World Bank, is to discuss how Polska crapper share its experience and success with others.  Poland’s successful transition experience and its relatively strong action during the global and regional crisis substance some valuable lessons for another countries.  The World Bank believes it is an superior instance for Polska to process its solidarity with countries that continue to struggle against political and scheme hardship.  As the pioneer reformer in ex-communist Europe, Poland’s body showed great courage in adopting a brave macroeconomic standardisation plan and enterprising structural reforms.  During the first decade 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 eld of transition, scheme growth took off, change flourished, and stable institutions took root.  Today, Polska is a high income country.  Polska was the exclusive land in the EU to avoid ceding in 2009.  Polska grew by 1.7 percent, while the EU declined by 4.2 percent. The message of the Managing Director is most thinking differently most aid.  This is not meet most charity.  Investing in development will benefit all, including Poland.  Aid crapper be beatific for Polish businesses and trade.  In this concern of ever increasing globalization, businesses are looking for new markets in which to invest and Africa and another aborning markets are ripened 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 baritone income countries are reaping disproportionately higher returns, compared to those finance in tralatitious markets.  Another vital Atlantic of pore is trade.  Developing countries have accounted for most half of the process in concern import obligation since 2000.  Many baritone income countries are more open today than they were in 2000.  Advanced economies requirement extra sources of obligation to support recovery and create jobs.  But they also requirement inputs for their products much as minerals, cultivation and fossil fuels.  And nonindustrial countries requirement access to overseas markets in order to grow faster through expansion and ascension productivity.  This crapper be a win-win situation. The World Bank believes Polska is primed to process its leadership role. For example, despite the crisis and fiscally hard environment, Polska helped another European countries that were more severely compact including island and Latvia. This impressive financial strength and planetary solidarity shows that Polska is primed to play an increasing persona as a donor. The World Bank also believes Poland’s upcoming EU Presidency offers an superior possibleness to further encourage planetary cooperation, while attractive a leadership persona among the New Member States to gradually process their planetary donor role. Over these time twenty eld (since 1990), the World Bank has provided US$10.3 1000000000 of IBRD for 73 projects to support Polska in different sectors of the economy.