WASHINGTON, November 12, 2013 – Reducing inequality, promoting investment and strengthening institutions are the pillars of the new Country Partnership Strategy (CPS) for South Africa launched today.
The CPS guides the World Bank Group’s proposed support to the country through the next three years to help deliver results in eight strategic areas that are calibrated to meet the country’s specific needs, primarily through knowledge exchange and the provision of evidence-based development solutions.
“This CPS is anchored in South Africa’s national development priorities of tackling the nexus of poverty, inequality and low job creation and is in line with the World Bank Group objectives to reduce extreme poverty and promote shared prosperity,” said Asad Alam, Country Director for South Africa.
The goal of this FY2014-17 CPS is to deepen the World Bank Group partnership with the Government of South Africa (GoSA) by providing a framework of collaboration through which to assist South Africa find developmental solutions for improved service delivery in selected areas.
Over 2014-17, proposed programs of support include:
- Reducing inequality through the urban program, health and financial exclusion
- Promoting investments through energy, private investments and environment programs
- Strengthening institutions in basic education and asset, debt & risk management programs