The World Bank has announced the appointment of Hafez Ghanem, his new Vice President for the Africa Region. This development expert, Ph.D. from the University of California, has thirty years of experience within the institution.
Until then, the World Bank’s vice-president for the Middle East and North Africa, the new boss of the World Bank’s Africa department, who has taken office since 1 July, will be in charge of managing a portfolio of 600 projects representing more than $ 71 billion in commitment.
In its communiqué, the institution asserts that it intends under this mandate to strengthen its action to “promote inclusive growth and reduce poverty by financing projects to enhance human capital, encourage the development of the private sector, increase agricultural productivity, improve access to infrastructure, strengthen resilience to climate change and promote regional integration “with particular emphasis on youth employment and the promotion of gender equality.
It should be noted that Hafez Ghanem replaces Makhtar Diop, who is appointed Vice President of the World Bank for Infrastructure.