World Bank President Paul Wolfowitz said in Addis Ababa Wednesday creating peaceful political situation in Ethiopia would be exemplary to other African countries.

Wolfowitz, who arrived here late Monday for a three-day official visit, said sharing of ideas between the members of the country's ruling party and those of the oppositions in the parliament through mutual respect and friendship could be exemplary to other African countries.

The WB chief made the statement while holding discussions with members of the lower House of the People's Representatives.

Wolfowitz said institutionalizing a system of sharing ideas between members of the political party with majority seats and those of opposition parties with minority seats in the parliament is a big improvement in the national politics.

Ethiopia has become the concern of the bank, Wolfowitz said, adding that the bank would continue assisting the country towards reducing poverty and bringing about sustainable development across the nation since Ethiopia could be a model for African countries in ensuring good governance and democratic system.

Given the ongoing changes and development activities across the country, Ethiopia could register massive economic development like China, Republic of Korea and Japan within 10 years time, said Wolfowitz.

According to Wolfowitz, the World Bank would do its level best toward soliciting assistance to the people of Ethiopia from donor agencies through promotion of the ongoing changes and development activities of the country to the international community.

Source: Xinhua