Midrand - 5th Session of the Pan-African Parliament
Oct 11, 2011
Oct 11, 2011
The 5th Session of the Pan-African Parliament opened in Midrand, South Africa, on October 11, 2011 and featured keynote presentations by Shantayanan Devarajan, World Bank Chief Economist in the Africa Region on “Africa’s Future and the World Bank’s Support to It” followed by a Professor Ben Turok, MP, South Africa who spoke about the “Move from Aid Effectiveness to Development Effectiveness”.
During his presentation on the World Bank’s strategy for the Africa Region, Shanta Devarajan focused on Africa’s strong growth prospects, noting that between 2003-2008, Africa’s growth rate was 5.7%, and thanks to sound policies, African economies recovered faster. He explained the rationale about the twin pillars – competitiveness and employment and vulnerability and resilience – resting on a foundation of governance and public sector capacity. A good discussion and Q&A with parliamentarians followed, focusing on impact evaluation, challenge of taming inflation, and stronger inclusion of women and youth in the development process.
The Hon. Joram Gumbo, MP and Fourth Vice President presented a report on the seminar for parliamentarians organized by the World Bank in May 2011. Overall, the knowledge-sharing event enabled the World Bank to reach out to over 20 African parliamentarians.