Press Releases

IFC Vice President for the Middle East and Africa in Morocco to Help Boost Economic and Social Inclusion

In Rabat:
Catherine Gozard
Phone: +212 (0)537 544 300

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, including mobilization.

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.

About IFC
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

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