Rabat, Morocco, March 7, 2018—Sérgio
Pimenta, Vice President for the Middle East and Africa for IFC, a member
of the World Bank Group, will be arriving in Morocco today for a series
of high-level talks with the government and private sector representatives.
Pimenta is due to meet Minister
of Industry, Moulay Hafid El Alamy, and the General Secretary at the Ministry
of Finance, Zouhair Chorfi, to discuss how IFC can further enhance its
close collaboration with the government to support entrepreneurship and
increase access to finance to boost private sector development.
He will also be meeting a number
of key figures from the Moroccan business community, including Mohamed
el-Kettani, CEO of Attijari Wafa Bank, Mostapha Terrab, CEO of OCP Group,
and Mohamed Benchaaboun, CEO of BCP Group to discuss South-South cooperation
and investment needs to spur growth and job creation in the region.
As Vice President for the Middle East and
Africa, Pimenta is in charge of all IFC’s advisory and investment operations
in a region with over 600 staff and a committed portfolio of $20 billion,
IFC's work is designed to help
to address the region's most pressing development challenges. By partnering
with private sector companies, it aims to promote job creation, increase
access to finance, and support up-and-coming entrepreneurs.
IFC—a sister organization of the World Bank
and member of the World Bank Group—is the largest global development institution
focused on the private sector in emerging markets. We work with more than
2,000 businesses worldwide, using our capital, expertise, and influence
to create markets and opportunities in the toughest areas of the world.
In FY17, we delivered a record $19.3 billion in long-term financing for
developing countries, leveraging the power of the private sector to help
end poverty and boost shared prosperity. For more information, visit www.ifc.org