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Ex-Senegal finance minister is first African to head World Bank's IFC

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Makhtar Diop, an economist who studied in Britain, worked in finance before entering government. FMTNews

February 18, 2021 11:10 PM

WASHINGTON: The World Bank on Thursday announced it selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global recovery. The announcement comes just days after the World Trade Organization selected Nigeria’s former finance minister Ngozi Okonjo-Iweala as its new director-general, the first African and first woman to serve in that role.

Diop, currently World Bank vice-president for infrastructure and previously vice-president for Africa, will take his new post at the IFC on March 1.

 

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