World
Bank and ICC boost cooperation in private sector development
Paris,
21 June 1999 - The
International Chamber of Commerce and the World Bank today agreed to step up
cooperation aimed at boosting the private sector, trade and investment in the
Bank s member countries.
World Bank President James
D. Wolfensohn and ICC President Adnan Kassar signed a Memorandum of Understanding
setting out specific areas where the two organizations will work more closely
together.
Under the agreement, the
two sides will focus on competition policy, electronic commerce, business partnerships
for development, intellectual property, trade facilitation and corporate governance,
including the fight against corruption.
The World Bank and ICC will
also collaborate in strengthening business associations linked to a proposed
Partnership for Capacity Building in Africa (PACT), whose tasks will include
strengthening the private sector in Africa.
ICC is the world business
organization, with members in more than 130 countries. It is the only representative
body that speaks on behalf of all business sectors in every part of the world.
Mr Kassar is Chairman and
Chief Executive of the Fransabank Group, one of Lebanon s biggest private banks.
He has broad experience in international investments, particularly with emerging
economies.
Commission on International Trade
and Investment Policy
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