World Bank Appoints New Vice President for Africa

The World Bank has appointed development expert Hafez Ghanem as the new Vice President for Africa.

million. Ghanem, whose appointment will take effect on July 1, succeeds Makhtar Diop, who has been appointed Vice President for Infrastructure

He should lead a regional portfolio of more than 600 projects totaling more than $ 7.1 billion shillings ($ 71 billion).

"Under Granem, the World Bank will continue to support inclusive growth and poverty reduction through financing of projects that boost human capital, support private sector development, increase agricultural productivity, improve access infrastructure, strengthen resilience to climate change and promote regional integration, "said the multilateral lender in a statement. and programs that provide economic opportunities for young people and promote gender equality. The World Bank will also intensify its work in fragile and conflict-affected states. Ghanem has worked in more than 30 countries in Africa, Europe and Central Asia, the Middle East and North Africa and Southeast Asia. Vice President for the Middle East and North Africa, he has led engagement in the region through a portfolio of ongoing projects, technical badistance and grantmaking grants. worth over $ 13 billion.