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| Tuesday, 16 July, 2002, 07:16 GMT 08:16 UK World Bank targets Africa's conflict zones ![]() Rwanda's economy needs to be rebuilt The head of the World Bank, James Wolfensohn, is touring Africa in order to build relationships with countries emerging from conflict. Mr Wolfensohn visited Rwanda for the first time on Monday, following on from a landmark trip to the democratic republic of Congo at the weekend.
"I'm going away feeling that every support we can give to president Kagame, the government and civil society is money and ressources that we should put in," he said. Mr Wolfensohn is now on his way to Tanzania to meet finance ministers from nine African countries emerging from conflict. Debt relief hopes Mr Wolfensohn has already held up the democratic republic of Congo as an example of a country that has implemented sound economic policies despite civil war. "What the government has done here is extraordinary, they have created a base with a stable currency and budget," he said. As a result, Mr Wolfensohn has recommended that the World Bank wipe out 80% of Congo's $12bn debt mountain early next year. "We want to establish a clean slate for the country," he said. Civil-war broke out in Congo four years ago, and the United Nations is still struggling to broker a peace agreement. |
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