| Summary: | These remarks were delivered by World Bank Group President, David Malpass at the Opening Session of the 8th Tokyo International Conference on African Development (TICAD 8) on August 27, 2022. He said that the World Bank Group remains a committed, long-term partner to Africa, and nearly half of IBRD and IDA funding goes to Africa, and they work together closely in several areas as follows: First, the World Bank Group is advising governments on necessary trade policies, including on the need to avoid export bans and other trade-restrictive measures; Second, help African countries provide much needed, targeted social protection for the most vulnerable; and Finally, much of work in Africa is supported by IDA, their fund for the world's poorest. He concluded by reaffirming his special thanks to Prime Minister Kishida for his leadership in promoting the cause of developing countries and effective international financial institutions, and their very strong partnership with Japan
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