World Bank Gets New Vice President For Africa

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The World Bank has appointed Hafez Ghanem as the new World Bank Vice
President for Africa, effective July 1. A development expert
with over 30 years of experience, Ghanem will lead an active
regional portfolio consisting of over 600 projects totaling
more than $71 billion.

Under Ghanem’s leadership, the World
Bank will continue to support inclusive growth and poverty
reduction by financing projects that boost human capital,
support private sector development, raise agricultural
productivity, improve access to infrastructure, build
resilience to climate change, and promote regional
integration.   Priority will be given to projects and
programs that provide economic opportunities for youth and
that promote gender equality.  The World Bank will also
intensify its work in fragile and conflict-affected states.

Ghanem brings a wealth of experience to
the position, having worked in more than 30 countries in
Africa, Europe and Central Asia, Middle East and North
Africa, and Southeast Asia. Previously the World Bank’s
Vice President for the Middle East and North Africa, he led
engagement in the region through a portfolio of ongoing
projects, technical assistance and grants worth more than
$13 billion.

As Sub-Saharan African countries strive
to accelerate growth, eradicate extreme poverty and better
integrate in the global economy, the World Bank Group
remains a committed partner that can be relied upon to bring
innovative approaches to development and financing.

Ghanem succeeds Makhtar Diop, who has
been appointed as the World Bank’s Vice President for
Infrastructure.