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IFC Vice President for Middle East and Africa in Algiers to Help Unlock Private Sector Potential


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


Algiers, Algeria, March 4, 2018—Sérgio Pimenta, Vice President for the Middle East and Africa for IFC, a member of the World Bank Group, will be arriving in Algiers today for a series of high-level talks with government and private sector representatives.

Pimenta is due to meet Abderrahmane Raouya, Minister of Finance, Youcef Youbsi, Minister of Industry and Mohamed Loukal, Governor of the Central Bank of Algeria to discuss initiatives and potential reforms to boost local and foreign investment in the private sector and spur growth and job creation in the country.

Pimenta will also host a lunch roundtable with entrepreneurs, and leading business figures from the Algerian Chamber of Commerce and Algerian Business Leaders Forum (FCE). In addition, he will attend a workshop on renewable energy organized by the FCE to highlight the importance of sustainable energy sources.

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 www.ifc.org

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