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World Bank

Volume 478: debated on Thursday 26 June 2008

To ask the Secretary of State for International Development what assessment he has made of the compatibility of President Zoellick's six priority areas for the future direction of the World Bank's strategy with UK development policy. (213244)

The World Bank shares DFID's overarching ambition of eradicating poverty and achieving the millennium development goals. It has an important role in taking forward the policy priorities set out in the 2006 White Paper on International Development and the 2008 DFID annual report. President Zoellick's vision is for the World Bank Group to contribute to “inclusive and sustainable globalisation”—to overcome poverty, enhance growth with care for the environment, and create individual opportunity and hope. He has set out six strategic themes for the World Bank:

helping low income countries with an emphasis on economic growth, infrastructure, agriculture and governance;

helping fragile states to rebuild after conflict;

helping middle income countries by being more flexible and better responding to their needs;

fostering regional and global public goods particularly trade and climate change—including a portfolio of measures on low carbon growth;

fostering opportunities in the Arab world to help stimulate economic growth; and

fostering knowledge and learning.

These six priority areas accord well with the four priority areas set out in the DFID 2008 annual report—tackling climate change, reform of international institutions, promoting growth, and peace and security.