Makhtar Diop, a Senegalese national with more than 25 years of development experience, was announced the new World Bank Vice-President for Africa, this morning.
He had previously served as Country Director for Brazil since 2009 where he managed the World Bank’s largest country program. Prior to joining the Bank, Diop worked at the International Monetary Fund and served as Minister of Finance of Senegal, and as Chair of the West African Monetary Union (WAEMU) Board of Finance Ministers.
Makhtar Diop held various senior positions, including Country Director for Kenya, Eritrea and Somalia, as well as Director of Infrastructure and Director of Strategy and Operations in the Bank’s Latin America and Caribbean region since joining the World Bank in 2001.
“It is an honor to return to the Africa region as Vice-President at a time when the continent is on the rise, with strong growth led by private investment, and a new sense of optimism,” said Diop. “With world-class development knowledge and innovative financing, we can help support Africa’s momentum and ensure that all Africans, especially the poor, share in the continent’s economic and social transformation.”
The World Bank is a partner of 48 countries in Sub Saharan Africa and finances approximately 500 projects in the region. The Banks’ portfolio includes projects and programs in areas such as agriculture, trade and transport, energy, education, health, water and sanitation.