World Bank contributing towards creation of knowledge economies

The World Bank is supporting creation of knowledge based industries in less developed economies by contributing towards the creation of an enabling ICT infrastructure. Over the

past decade, World Bank invested about US $ 1.3 Billion in standalone ICT projects across the world, these investments helped the countries to attract over US $ 30 Billion in

private sector investments in the sector. Apart from investing in standalone ICT projects,

the Bank also makes sure that every project it finances has a technology component. MexicoFIRST and eGhana are some of the standalone projects specifically designed to

support the ITeS and outsourcing industry. While MexicoFIRST provided ITeS training to over 40,000 citizens, eGhana program has helped to create over 1,000 jobs in the ITeS

sector over the last two years. The Bank plans to contribute towards the training of more than 6,000 people in call center services with its eGhana project.