Makhtar Diop is currently the Managing Director of the International Finance Corporation, the largest development institution focused on the private sector in emerging markets and developing economies.
19 Facts About Makhtar Diop
1.
2.
Makhtar Diop is the first African to hold this position.
3.
Makhtar Diop obtained a Masters in Finance from a Grande Ecole in France.
4.
Makhtar Diop obtained Masters degrees in Economics at the University of Warwick and the University of Nottingham in the United Kingdom.
5.
Makhtar Diop worked as an economist at the International Monetary Fund between 1997 and 2000.
6.
Makhtar Diop chaired the Council of Ministers of the West African Economic and Monetary Union.
7.
Makhtar Diop played a key role in restructuring the country's Customs and Treasury departments.
8.
Makhtar Diop launched Senegal's first "Sovereign Debt Credit Rating" with Standard and Poor's, the first in Sub-Saharan Africa outside of South Africa.
9.
Makhtar Diop played a role in initiatives associated with the Omega Plan MRAP and the New Partnership for Africa's Development.
10.
Makhtar Diop joined the World Bank in October 2001.
11.
Makhtar Diop was Country Director for Kenya, 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 from 2009 to 2012.
12.
On May 1,2012, Makhtar Diop was appointed by World Bank President Robert Zoellick as the institution's Vice President for Africa, responsible for Sub-Saharan countries.
13.
Makhtar Diop was instrumental in expanding financial inclusion programs, especially in rural regions, and in leading infrastructure projects that addressed energy deficits and transportation challenges.
14.
On July 1,2018, Makhtar Diop was appointed Vice President for Infrastructure at the World Bank.
15.
On March 1,2021, Makhtar Diop was appointed Managing Director and Executive Vice President of the International Finance Corporation, the private sector arm of the World Bank Group, becoming the first African to hold the position.
16.
Makhtar Diop has strongly emphasized the importance of fostering innovation and digital transformation in developing economies.
17.
Makhtar Diop's guests have included internationally renowned figures such as Idris Elba, Pretty Yende, Chimamanda Ngozi-Adichie, Don Cheadle, Nadia Nadim, Alexandra Cousteau, Lewis Pugh, Anand Mahindra, Vidya Balan, Dia Mirza, Sauti Sol, Baaba Maal, Ablaye Cissoko, Barbara Hendricks, and others.
18.
Makhtar Diop has spoken on how the creativity inherent in jazz music influences leadership, problem-solving, and innovation within the realm of finance.
19.
Makhtar Diop is a member of Olympism365, a commission of the International Olympic Committee.