Abidjan, Ivory Coast, June 10, 2022 – Makhtar Diop, Managing Director of the International Finance Corporation (IFC), will participate in the AFRICA CEO FORUM on June 13-14 to highlight IFC’s commitment to supporting sustainable private sector-led growth in Africa as the continent is recovering from the COVID-19 pandemic and navigating new challenges.
Members of IFC’s leadership team, including IFC’s vice presidents for Africa, for economics and private sector development, for cross-functional solutions and for treasury, will join Mr. Diop and participate in key sessions during the FORUM.
As new external shocks such as the economic and supply chain fallout from the war in Ukraine put pressure on Africa’s post-COVID-19 recovery, Diop will lead discussions with heads of state and CEOs on how the private sector can provide goods, services, and jobs for Africans across the continent.
Mr. Diop will open the FORUM alongside HE Alassane Ouattara, President of Côte d’Ivoire, and Amir Ben Yahmed, President & Founder of the AFRICA CEO FORUM. Diop will also deliver a keynote address ahead of a presidential panel, highlighting private sector-led solutions to help Africa, particularly the Sahel region, address the growing food, climate and security crises that affect the continent.
Media are invited to register for the Africa CEO FORUM and submit requests for interviews with Mr. Diop.
IFC has co-hosted the AFRICA CEO FORUM since 2018, underscoring its commitment to supporting the private sector to build a better, greener and more inclusive future for Africa.
WHO: Maktar Diop, Managing Director, IFC – @Diop_IFC
WHEN: Monday 13 June 2022 – Tuesday 14 June 2022
WHERE: Hotel Sofitel Ivoire, Abidjan, Ivory Coast
IFC, a member of the World Bank Group, is the world’s largest development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private businesses and financial institutions in developing countries, leveraging the power of the private sector to end poverty. extreme poverty and boost shared prosperity as economies grapple with the effects of the COVID-19 pandemic. For more information, visit www.ifc.org.
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Makhtar Diop is the managing director of IFC. He assumed this position on March 1, 2021. Prior to this appointment, he was the World Bank’s Vice President for Infrastructure, where he led the Bank’s global efforts to build sustainable infrastructure in developing and emerging economies. In this role, he oversaw the Bank’s critical work in energy, transport, digital infrastructure and public-private partnerships.
Previously, Diop served for six years as the World Bank’s Vice President for Africa, where he oversaw the delivery of a record US$70 billion to sub-Saharan Africa to help address challenges development such as improving access to energy; strengthen the economic empowerment of women and youth; and promoting an enabling environment for greater adoption of innovation and technology. A passionate advocate for Africa’s right to clean and affordable electricity, he also called for more investment in renewable energy and advocated for stronger regional interconnection in the power and transport sectors. He previously served as the World Bank’s director for finance, private sector and infrastructure in Latin America and the Caribbean region; Country Director for Brazil, where he participated in the financing of major infrastructure works; and Country Director for Kenya, Eritrea and Somalia.
Mr. Diop brings to the position a depth of experience and understanding of development challenges and a solid understanding of the public/private sector interface. Its main priorities will be to mobilize investments in the poorest and most fragile countries and to create the conditions for a resilient, inclusive and sustainable recovery. In addition to his experience in international organizations, Mr. Diop, an economist by training who began his career in the banking sector before joining the IMF and then the World Bank, has extensive experience in the private sector. He has also held government positions, including Senegal’s Minister of Economy and Finance, where he played a key role in bringing about structural reforms that helped lay a solid foundation for Senegal’s growth. in the late 1980s.
A recognized thought leader in the field of economic and social development, Makhtar Diop has been named one of the 100 most influential Africans in the world. In 2015, he received the prestigious Regents’ Lectureship Award from the University of California at Berkeley.
Mr. Diop graduated in economics from the universities of Warwick and Nottingham in England.