Washington, DC, November 10, 2014—IFC,
a member of the World Bank Group, announces the appointment of Sylvain
Kakou as Resident Representative for Haiti. Effective November 1st, Kakou
is responsible for coordinating IFC’s program of investments and advisory
services in Haiti. He will be based in Port au Prince.
“Haiti is a country of tremendous potential
and promise,” Kakou said. “IFC’s clients are already making an impact,
demonstrating that sound investments can promote inclusive and sustainable
development. I look forward to working with our long term partners and
forging new relationships that leverage the power of the private sector
to address Haiti’s challenges and help the country continue to grow.”
Originally from Côte d'Ivoire, Kakou
joined IFC in March 2006 in Johannesburg as a key member of the Africa
team with responsibilities for originating business, processing, and managing
the portfolio for agribusiness projects. In July 2010 he was named IFC
Country Head for Zambia and in 2013 also began covering Malawi, to lead
IFC business development efforts with a focus on priority sectors such
as agribusiness, manufacturing, financial markets and infrastructure.
Prior to joining IFC, Kakou worked with
Citibank’s corporate finance Africa division, with HSBC Bank’s Sub-Saharan
Africa hub, and with Côte d'Ivoire's Government think-tank, BNETD, to promote
private sector infrastructure investments. He holds an MBA in finance from
Drexel University, a Masters in International Project Management from Ecole
Supérieure de Commerce de Paris (ESCP), and a Masters in Economics from
Université Nationale de Côte d’Ivoire.
Ary Naim, who has served as IFC country
head for Haiti for the past four years, is moving to a new position as
IFC country manager for Mexico.
IFC’s portfolio in Haiti currently amounts
to $79 million, including $24 million mobilized from other partners. The
portfolio is expected to grow this fiscal year to approximately $140 million,
with new investments in the manufacturing, infrastructure and financial
sectors. Through advisory programs with the private sector and the government,
IFC supports access to finance, public-private partnerships, improvements
to Haiti’s investment climate, and programs that make small and medium
enterprises more productive.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org