Rwanda : World Bank gets new Vice President
A Senegalese expert in Finance Makhtar Diop and 25 years of experience in international banks has been elected to the position of the vice president of the World Bank, May2012.
The financial giant worked in the International Monetary Fund (IMF) and became the Finance Minister in his home country Senegal. He also was the chairperson of the West African finance ministers committee.
Makhtar has many accomplishments in the World Bank since 2001 where he headed the World Bank in the countries of Kenya, Eritrea and Somalia. He also headed the infrastructure department in the World Bank.
After being elected to the vice president of World Bank position, he said that this will accelerate the development of Africa and support poor Africans to get out of poverty.
World Bank supports 500 projects concerning agriculture, trade, transportation, energy, education, health and clean water that are in 48 countries in the sub-Saharan Africa; according to The Financial Time.
Diop got this position after many African countries supported Ngozi-Okonjo Iweala the Minister for Finance in Nigeria for the president of the World Bank and he was won by Kim Jim Yong who was being supported by America and European countries.