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Ph:DR: Makhtar Diop, Managing Director of the International Finance Corporation (IFC),
Makhtar Diop, director general of the International Finance Corporation (IFC), will be in Benin from 1Yes to May 3 to reaffirm the institution’s commitment to strengthen its support for the private sector growth strategy and the country’s goals of economic growth, job creation and sustainable development. This is Mr. Diop’s first visit to Benin since he was appointed to this position.
During this visit, Mr. Diop will meet HE the President of Benin, Patrice Talon, HE the Minister of State in charge of Benin’s Economy and Finance, Romuald Wadagni, as well as other members of the government, in charge of the agricultural industry. the food sector and women entrepreneurs. Discussions will focus on how Benin can create quality jobs, develop its economy and promote shared prosperity by fostering private sector-led growth, particularly in the agricultural, industrial and tourism sectors , while taking advantage of its strategic location as a transit point to West Africa.
Diop visits sites with local authorities and also interacts with young entrepreneurs and innovators from City of Sème to discuss the growth potential of the startup ecosystem in Benin.
And stronger private sector Benin will help capitalize on the current healthy growth path, with GDP growth of 6.4% in 2023 and maintaining moderate inflation rates despite regional and global uncertainty .
The IFC is strengthening its commitment in Benin to contribute to inclusive growth, job creation and local value creation, by promoting the formalization and entrepreneurship of the country’s economy. IFC has built a strong pipeline of projects, with potential commitments in key sectors, such as agribusiness, manufacturing, infrastructure, cultural and creative industries, and financial markets.
