Ricochet News

NMB holds economic strategy session with World Bank

DECEMBER 9, 2014
NMB holds economic strategy session with World Bank

The metro held an economic development strategy session with World Bank representatives yesterday “to review and discuss how Nelson Mandela Bay could improve and strengthen its economic strategies”.

The municipality said in a statement that discussions also touched on “strategies the municipality could use to form partnerships and cooperation with non-government entities to boost economic growth and create jobs”.

At the session “a number of possibilities and options” the municipality could use to fund infrastructure development sup-porting economic growth were also discussed. The statement said the session was also aimed at engaging with the World Bank representatives on “best practices in economic development strategies across the world”.

City Manager Mpilo Mbambisa, who led the metro delegation — The Coega IDZ , Nelson Mandela Bay Business Chamber and the Nelson Mandela Metropolitan University were also represented - described the session as being part of efforts by the municipality “to think ahead and be proactive.

“We are a city that is working towards being a serious global player in the world economy. Holding sessions with the World Bank and other global entities that are influential in the world economy becomes imperative.

“We have kicked off this exciting process that will help to develop a bright future for Nelson Mandela Bay and its people,” he said.

Mbambisa said the metro would continue to interact with the World Bank “and draw on their knowledge and skills as we continue to take the city to greater heights”. - metrominutes