The World Bank has appointed former Senegalese minister, Makhtar Diop as the international finance head.
The International Financial Institution announced it on Thursday.
“We are pleased to announce the appointment of Makhtar Diop to lead @IFC_org. As Managing Director & EVP, @Diop_WB will build on the unprecedented speed & scale of the @WorldBank Group’s response to the global crisis & help support vital recovery efforts”, World Bank.
According to the Guardian, Diop is the first African to head the International Finance Corporation (IFC) after the World Trade Organization (WTO) appointed Nigeria’s former finance minister Ngozi Okonjo-Iweala as its Director General.
The World Bank’s Group President, David Malpass said Makhtar Diop has deep development and finance experience, “Makhtar Diop has deep development and finance experience and a career of energetic leadership and service to developing countries in both public and private sectors”.
Diop said on social media that he is honoured to have been appointed as @IFC_org’s managing director and executive VP.
“More than ever, private sector growth in developing economies is key to improve people’s lives. Now is the time to boost inclusive growth and promote sustainable investments for the benefit of all”, he said.
Zaynab Oyedeji
Comment here