Dakar, Dec 19 (APS) – The Director General of the International Finance Corporation (IFC, in English), Senegalese Makhtar Diop, is visiting Senegal from December 18 to 23, to explore the means and possibilities of supporting economic development of the country, relying on the private sector, according to a press release from the World Bank.
The document received at the APS informs that he will have discussions with the President of the Republic, the Prime Minister, members of the government, actors from the private sector and entrepreneurs.
The aim of his six-day visit to Senegal is to see ”how IFC can intensify its support for economic development and job creation in the country”.
According to the press release, this visit offers an opportunity to highlight the possibilities for Senegal to stimulate its development, by encouraging greater participation from the private sector.
The targeted sectors are agri-food, industry, infrastructure, digital and tourism.
”This approach, according to the text, is part of the IFC’s commitment to supporting the implementation of the national transformation agenda +Senegal Vision 2050+”.
He will also visit the “MADIBA” vaccinopôle of the Pasteur Institute in Dakar located in Diamniadio, about thirty kilometers from Dakar.
The IFC Managing Director will also discuss with entrepreneurs and innovators operating in the health, artificial intelligence and creative industries sectors.
On the sidelines of his visit, Makhtar Diop will announce IFC investments in various promising sectors, “thus reaffirming the institution’s support for the development of solutions brought by the private sector.”
During the last fiscal year, IFC committed approximately 387 billion FCFA of investment in Senegal, in the form of loans for its own account and mobilized resources from other partners, indicates the press release specifying that it is a “record for the institution in the country”.
IFC’s ongoing investments in Senegal support vaccine production, digital infrastructure, tourism, housing, renewable energy, manufacturing and agricultural value chains.
The International Finance Corporation, a member of the World Bank Group, is the largest global development institution focused on the private sector of emerging countries.
MFD/ABB/AB
