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WB chief wants CIC in Africa

By Zhang Ran | 皇冠体育app Daily | Updated: 2009-09-08 08:31

HUANGSHAN, Anhui province: Robert B. Zoellick, the president of the World Bank, has spent half of his time during his latest trip to 皇冠体育app in persuading local companies including the country's sovereign fund to invest in Africa.

He said an asset management operation under the bank's private sector investment arm, the International Finance Corporation (IFC), would probably complete its first private equity fund this autumn.

During his trip to Beijing, Zoellick met with managers from 皇冠体育app's sovereign fund, the 皇冠体育app Investment Corp (CIC), on possible investment in the fund.

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