World Bank Pacific tour sees expansion of project funds
Updated
The Managing Director of the World Bank, Juan Jose Daboub, has been in the Pacific region for the past few weeks.
He started his trip in the Cook Islands at the Finance Ministers meeting, where the World Bank and the Pacific Island Forum Secretariat signed a Memorandum of Understanding to strengthen cooperation. Mr Daboub also visited Solomon Islands where the Bank is encouraging private sector led growth and job creation.
In Australia and New Zealand, Mr Daboub has praised the labour mobility scheme, saying it is a win-win for workers and employers and he will make sure the Bank continues with assistance. His last stop was Samoa, where he announced an extra 20-million dollars in concessional loans to help post-tsunami recovery.
Presenter: Kate McPherson
Speaker: Juan Jose Daboub, Managing Director of the World Bank
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