Makhtar Diop | |
---|---|
Managing Director of the International Finance Corporation (IFC) | |
Assumed office 01 March 2021 | |
Preceded by | Philippe Le Houérou (de) |
Vice President of the World Bank for Infrastructure | |
In office 01 July 2018 –01 March 2021 | |
President | David Malpass Jim Yong Kim |
Succeeded by | Riccardo Puliti |
Vice President of the World Bank for Africa | |
In office 01 March 2012 –01 July 2018 | |
President | Jim Yong Kim Robert Zoellick |
Preceded by | Oby Ezekwesili |
Succeeded by | Hafez Ghanem |
Minister of Economy and Finance | |
In office 05 April 2000 –12 May 2001 | |
President | Abdoulaye Wade |
Prime Minister | Moustapha Niasse |
Preceded by | Moustapha Diagne (fr) |
Succeeded by | Mamadou Seck |
Personal details | |
Born | Senegal |
Alma mater | University of Warwick University of Nottingham |
Occupation | Economist |
Makhtar Sop Diop (born June 13,1960) is a Senegalese economist and politician who has been serving as the managing director of the International Finance Corporation (IFC) since 2021,making him the first African to hold the position. [1] [2]
Diop earlier served as Minister of Finance and Economy in the second government of Moustapha Niasse,under President Abdoulaye Wade. He joined the World Bank in 2001 and served as vice president for Africa between 2012 and 2018 and as vice president for Infrastructure from 2018 to 2021. [2] On March 1,2021,Diop was named managing director and Executive Vice President of the International Finance Corporation,a sister organization of the World Bank.
Diop was born on June 13,1960,in Dakar. He completed his postgraduate studies in economics at the University of Warwick and the University of Nottingham (UK),in Macroeconomics and Econometrics. He also earned a master's degree in finance in Paris,France. In June 2023,Diop received an Honorary Doctorate from the University of Ottawa.
Diop began his career as a financial analyst and authorized agent for the Union of Senegalese Banks (USB),in Dakar.
Between 1986 and 1993,Diop was technical advisor to the Senegalese Ministry of Economy and Finance.
From 1997 to 2000,he worked for the International Monetary Fund as an economist. [3]
In April 2000,Diop was appointed Minister of Economy and Finance in the second government of Prime Minister Moustapha Niasse,and remained in this position until May 2001. [3] [4] During the period,Diop chaired the Council of Ministers of the West African Economic and Monetary Union.
During his time in office,Diop initiated a restructuring of the Customs [5] and modernization of the Treasury. He launched Senegal’s first "Sovereign Debt Credit Rating" with Standard and Poor’s [6] and played a role in the merger and the Omega Plan MRAP which led to NEPAD.
Since October 2001,Diop has been working for the World Bank. [7] He was Country Director for Kenya, [8] Somalia and Eritrea;Sector Director for Finance,Private Sector and Infrastructure for Latin America and the Caribbean;Director of Operations and Strategy for Latin America and the Caribbean;and Country Director for Brazil (2009–2012). [9] [10]
The World Bank's Country Partnership Strategy (2012–2015) for Brazil was developed under Diop's leadership. [11] [12]
On May 1,2012,Diop was appointed by World Bank President Robert Zoellick as the institution's vice president for Africa, [13] responsible for Sub-Saharan countries. For six years,he oversaw the delivery of $70 billion to Sub-Saharan Africa to help tackle development challenges. [14] On July 1,2018,he was appointed vice president for Infrastructure. He is in charge of the World Bank portfolio for Energy &Extractives,Transport,Digital Development,Infrastructure Finance,Public-Private Partnerships (PPPs),and Guarantees. [14] On March 1,2021,Diop was named Managing Director of the International Finance Corporation,a sister organization of the World Bank.
Diop has been named one of the 100 most influential Africans in the world by various magazines. [15] [16] In 2015,he received the Regents’Lectureship Award from the University of California,Berkeley. [17]
In October 2024,African School of Governance Foundation appointed him as the Chairman of Governing Board,African School of Governance (ASG).
The International Finance Corporation (IFC) is an international financial institution that offers investment,advisory,and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington,D.C. in the United States.
The national flag of Senegal is a tricolour consisting of three vertical green,yellow and red bands charged with a five-pointed green star at the centre. Adopted in 1960 to replace the flag of the Mali Federation,it has been the flag of the Republic of Senegal since the country gained independence that year. The present and previous flags were inspired by the French tricolour,which flew over Senegal until 1960.
Moustapha Niasse is a Senegalese politician and diplomat who served as the President of the National Assembly of Senegal from 2012 to 2022. He served in the government of Senegal as Foreign Minister from 1978 to 1984 and again from 1993 to 1998. He was Prime Minister of Senegal for a few weeks in 1983,and he held that position again from 2000 to 2001.
Mame Madior Boye is a Senegalese politician who served as Prime Minister of Senegal from 2001 to 2002. She was the first woman to hold that position.
Cheikh Anta Diop University,also known as the Cheikh Anta Diop University of Dakar,is a university in Dakar,Senegal. It is named after the Senegalese physicist,historian and anthropologist Cheikh Anta Diop and has an enrollment of over 60,000.
The Party of Independence and Labour is a socialist and formerly communist political party in Senegal. For years it was led by Amath Dansokho.
Bruno Jean Cornil Metsu was a French footballer and football manager. During his senior playing career from 1973 to 1987,he played for seven different clubs in France.
Demba Diop was a Senegalese politician. He served as Minister of Youth and Sport under President Léopold Sédar Senghor and was Mayor of Mbour from 1966 until his assassination.
Caroline Faye Diop was a Senegalese politician,the first female deputy and first female minister of the country. She was the wife of politician Demba Diop,Minister of Youth and Sport under president Léopold Sédar Senghor,who was assassinated in 1967.
Babacar Ba was a Senegalese politician from Kaolack. He served as Minister of Finance and Economy from 1971 to 1978,when Ousmane Seck took office. Ba was named Foreign Minister of Senegal. He stepped down as from the foreign ministry later that same year,and was succeeded by Moustapha Niasse.
Abdoul Mbaye is a Senegalese banker and politician who was Prime Minister of Senegal from April 2012 until September 2013. He is a technocrat who was appointed prime minister by President Macky Sall following the latter's win in the 2012 presidential election.
Youba Sambou is a Senegalese politician from Casamance who served in the government of Senegal as Minister of the Armed Forces from 2000 to 2002. He also served as Mayor of Bignona and was elected as a member of the National Assembly in 2007.
Cheikh Hamidou Kane,nicknamed "Mathaira," was a Senegalese politician and economist who served as a government minister several times during Abdou Diouf's presidency. He was a member of the Socialist Party (PS) and later of the Alliance of the Forces of Progress (AFP).
Serigne Lamine Diop was a Senegalese statistician and politician,who held several ministerial positions during the presidency of Abdou Diouf.
Maïmouna Kane was a Senegalese jurist and politician.
Events in the year 2020 in Senegal.
Cheikh Sadibou Fall was a Senegalese politician.
Omar Blondin Diop (1946–1973) was a West-African anti-imperialist philosopher,artist,and revolutionary from Senegal and Mali. A figure of the May 68 uprising in France and underground opposition to Léopold Sédar Senghor in Senegal in the early 1970s,he was imprisoned for planning the freeing of detained comrades who had attempted an attack on French president Georges Pompidou while on a visit to Dakar. His death in custody in May 1973 caused national and international outrage,and played a role in the establishment of a multi-party system in Senegal as of the mid-1970s.
Amadou Hott is the former Special Envoy of the President of the African Development Bank for the Alliance for Green Infrastructure in Africa. He is currently candidate for the Presidency of the African Development Bank. He is a Senegalese economist and investment banker,and served as Minister of Economy,Planning and International Cooperation of Senegal in the Fourth Sall government from April 2019 to September 2022. He was formerly the Vice President of the African Development Bank's Power,Energy,Green Growth and Climate Change Complex,a position he held from November 2016 until his Senegalese government appointment. Hott's career has spanned more than 20 years in areas including structured finance,sovereign fund management,investment banking,fundraising,infrastructure and the development of integrated energy solutions.
The Africa CEO Forum is a company created and owned by Jeune Afrique Media Group. With the IFC,it co-organizes an event dedicated to African private sector actors,reportedly the largest annual gathering of African private-sector leaders,—drawing political and economic leaders from throughout the continent.