Libreville, February 8, 2018 – Jingdong
Hua, IFC’s Vice President and Treasurer, today completed a working visit
to Gabon, where he outlined IFC’s engagement and support for efforts to
diversify the Gabonese economy and to create opportunities for sustainable
private sector-led growth and capital markets development.
Hua met with Ali Bongo Ondimba, President
of Gabon. He also met with several members of Cabinet, notably Minister
of Economy, Planning and Sustainable Development and Minister of Private
Sector Promotion, Industry and Tourism. Hua met with officials from the
Central African Banking Commission and the Central African Stock Market.
In a meeting with university students, he shared his experiences and stressed
the critical role of good education in improving lives.
“IFC supports the development of capital
markets in more than 100 countries” said Hua. “We offer a range of innovative
products to crowd in private sector financing. Creating the right environment
for entrepreneurship and sustainable investment, especially for women and
climate-smart businesses, to maximize Gabon's economic potential, fight
poverty, and boost shared prosperity.”
IFC has been engaging in Gabon since 1970.
Its present investment portfolio in the country is approximately $76 million,
focusing on transport, infrastructure, and natural resources.
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,