Published On: Mon, Jul 9th, 2018

Ghanem appointed World Bank VP for Africa

World BankJOHANNESBURG – THE World Bank has appointed Hafez Ghanem as the new Vice President for Africa, effective July 1.

He will lead an active regional portfolio consisting of over 600 projects totalling more than US$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 programmes 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 has 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.

He succeeds Makhtar Diop, who has been appointed as the World Bank’s Vice President for Infrastructure.
– CAJ News

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