Washington — Makhtar Diop, a Senegalese national with more than 25 years of development experience, today becomes the new World Bank Vice-President for Africa.
Diop was previously Country Director for Brazil since 2009 where he managed the World Bank's largest country program. Prior to joining the Bank, Diop worked at the International Monetary Fund and served as Minister of Finance of Senegal, and as Chair of the West African Monetary Union (WAEMU) Board of Finance Ministers.
After joining the World Bank in 2001, Makhtar Diop held various senior positions, including Country Director for Kenya, Eritrea and Somalia, as well as Director of Infrastructure and Director of Strategy and Operations in the Bank's Latin America and Caribbean region.
"It is an honor to return to the Africa region as Vice-President at a time when the continent is on the rise, with strong growth led by private investment, and a new sense of optimism," said Diop. "With world-class development knowledge and innovative financing, we can help support Africa's momentum and ensure that all Africans, especially the poor, share in the continent's economic and social transformation."
The World Bank is a partner of 48 countries in Sub Saharan Africa and finances approximately 500 projects in the region. The Banks' portfolio includes projects and programs in areas such as agriculture, trade and transport, energy, education, health, water and sanitation.
In fiscal year 2011, the World Bank committed more than US$ 7.0 billion in new development financing for Africa, and disbursed over US$ 5.5 billion, in addition to producing more than 200 analytical studies.
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NO DISRESPECT TOT HIS GREAT MAN BUT WE NEED IN AFRICA OUR OWN THINSG WE NEED TO DO FORSELVES. THIS BANK THOUGH MIGHT BEINIFIT IN SOME REGARDS WONT BENIFIT THE POOR AT NO TIME WHY? IT HAS TO RETAIN PROFIT NOT LIKE AN AFRICAN BANK THAT CAN REGULATE A MORE LENIENT DECIMAL ON THE GHROUND TO SUSTAIN GROWTH. THE ISALMIC BANKING FROWNS UPON MAKING MONEY OF YOUR BROTHERS. IF I LEND YOU SMOETHING AND IT BECOMES A PROFITABLE VENTURE THAN AS A PERSON OF NOBLE INTENTIONS THEN YOU COULD REPAY ME WITH FAVOUR AND GRACE. TO DEFINF STRINGENT POLICIES OF REPAYMENT IS NOT AFRICAN. GET THAT RIGHT IMMORAITY IS NOT AFRICAN CHEATING AND CORRUPTION IS NOT AFRICAN. THESE BANKS ARE ALREADY STAINED WITH CORRUPTION TO EVER AGAIN BE RIGHT FOR AFRICA. WE NEED OUR OWN MONETART SYSTEM WITH ORU OWN CENTRAL AFRICAN BANK ONE THAT IS DESIGNED FOR AFRICA AND AFRICA ALONE. IT IS IMPERATIVE IN THIS CENTURTY THAT THIS BECOEMS PART OF ORU GROWTH INTIATIVES. ORU MONEY ORU VALUES FULL STOP. ISLAMIC VALUES IS AFRICAN VALUES MORAL VALUES ARE AFRICAN VALUES RIGHTEOUSS VALUES ARE AFRICAN VALUES.JESUS WAS AN ISREALITE FROM THE NAZARITES. THESE ARE ALL AFRICAN VALUES. THEIR BOOKS HAVE WRITTEN US OUT OF ALL THEIR NEW DILUTED HISTORY OF FANTASY AND WISHES. WHEN ROME CAM ETO AFRICA THERE WAS ONE CONTINENT THE AFRICAN THE ASIAN THE EUROPEAN NO MID EAST AND THERE WAS ONLY ONE SET OF PEOPLE THE BLACK PEOPLE . SO THE VALUES THAT WERE TAUGHT IN AFRICA WERE CORRUPTED MORE BY ROME THA ANYONE ELSE. THEY CAME INTO AFRICA TO LEARN OF JESUS THEY THEN CORRUPTED HIS TEACHINGS . JESUS WAS NOT A CHRISTINA THAT I IMPOSIBLE HE NEVER WORSHIPES HIMSELF, AND TO FURTHER ADD HIS NAME WAS JESUS AS J DOES NOT EXIST IN HEBREW OR ANY OF THE LANGUAGES AMHARIC THAT WAS SPOKEN BY OUR ELDERS. IF I AM NOT MISTAKEN ROME INVENTED J. SO WHEN WE LOOK AT CULTURES CIVILIZATIONS WE MUST EFER TO OUR ANCINEST AND WHAT THEY RECOGNISED TO BE THE PATTERN OF GROWTH WITHOUT MORAL DECIMATION. WHATVEER WE DID WE HAD MRAL FORITUTDE WHICH WAS THE GROUNDSWELL FOR OUR LONGEVITY. IMPORTANT TO HAVE ERVIVAL OF ORU PRINCIPLES THESE PRINCIPLES ARE OUTLINED IN ISLAMIC BANKING AS WE AFRICAN PHILOSOPHY AND TEACHINSG WORLD WIDE . THIS IS THE INFLUINCE OF OUR ANCESTORS. THIS AFRICAN LANGAUGE IS ONE OF THE EARTHS MOST PRFOUND. WE MUST UTILISE ITS BANKING TO SUSTAIN ALL OPUR GROWTH IN ALL AFRICA.