Paul Wolfowitz, President of the World Bank, and Ambassador Andrew Young engaged in a roundtable discussion on economic development, moderated by Dean Bahl of Georgia State. Wolfowitz has made Africa the first priority of the Bank. There is really a chance for Africa to turn the corner. It’s going to have to start with the best performers, doing what the so-called Tigers did in East Asia, showing the way for other countries. Young said you can make more money honestly in a growing economy, than you can steal in a dying economy. Wolfowitz gave examples of the turnaround in Africa. Africa needs an environment where foreign investment support and local domestic investment is even more important.
Paul Wolfowitz, President of the World Bank, celebrated the second anniversary of the Rose Revolution in Georgia. He spoke about the evidence of reduced corruption in Georgia. Georgia had the second largest improvement in performance last year of any country in the world. In transforming its own society, Georgia sets an example for the region. He assured that Georgia can count on the World Bank Group as a committed partner. Finally, he concluded by saying that Georgian determination which shined so brightly in the Rose Revolution will continue to be a beacon supporting the Georgian ideals of freedom and prosperity.