World Bank Group has appointed Dr Hafez Ghanem as its new vice president. He will replace Makthar Diop, the Senegalese economist and banker who previously held the position but will now take charge as the Vice President for Infrastructure. The appointment which was announced through its website took effect on the 1st of July, 2018.
Dr Hafez Ghanem who has served in various capacities will now oversee the affairs of the World Bank in Africa. A development expert who has a stunning career that spans over three decades, he will now spearhead an active regional portfolio consisting of over 600 projects adding up to over US$71Billion.
In a press release which was made available to the public, the World Bank reiterated its commitment to continue initiating projects and provide fresh opportunities in the region.
“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,” the statement read.
Dr Ghanem joined the World Bank as a young professional in 1983 where he worked as a research economist, and, since then, has served in various capacities before his recent appointment. In 2007, Dr. Ghanem Click here to read entire article
Source:: Ventures Africa