Dakar
Dakar ( ; ; wo, Ndakaaru) (from :wo:daqaar, daqaar ''tamarind''), is the capital city, capital and List of cities in Senegal, largest city of Senegal. The city of Dakar proper has a population of 1,030,594, whereas the population of the Dakar ...
economist and politician who has been serving as the managing director of the
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of ...
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Ni ...
Moustapha Niasse
Moustapha Niasse (born November 4, 1939 .) is a
, under President
Abdoulaye Wade
Abdoulaye Wade (born 29 May 1926) Encyclopedia of the Nations. Retrieved February 28, ...
. He joined the World Bank in 2001 and served as vice president for
Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...
between 2012 and 2018 and as vice president for Infrastructure from 2018 to 2021. On March 1, 2021, Diop was named managing director and Executive Vice President of the International Finance Corporation, a sister organization of the World Bank
Early life and education
Diop completed his postgraduate studies in
economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...
at the
University of Warwick
, mottoeng = Mind moves matter
, established =
, type = Public research university
, endowment = 瞿7.0 million (2021)
, budget = 瞿698.2 million (2020 ...
and the
University of Nottingham
, mottoeng = A city is built on wisdom
, established = 1798 teacher training college1881 University College Nottingham1948 university status
, type = Public
, chancellor ...
Econometrics
Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics," '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8 ...
. He also earned a master's degree in finance in
Paris
Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km簡 (41 sq mi), ma ...
,
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...
.
Career
Early career
Diop began his career as a financial analyst and authorized agent for the Union of Senegalese Banks (USB), in Dakar.
Between 1986 and 1993, Diop was technical advisor to the Senegalese Ministry of Economy and Finance.
From 1997 to 2000, he worked for the
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
In April 2000, Diop was appointed Minister of Economy and Finance in the second government of
Prime Minister
A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...
Moustapha Niasse
Moustapha Niasse (born November 4, 1939 .) is a
, and remained in this position until May 2001. During the period, Diop chaired the Council of Ministers of the
West African Economic and Monetary Union
The Economic Community of West African States (ECOWAS; also known as in French and Portuguese) is a regional political and economic union of fifteen countries located in West Africa. Collectively, these countries comprise an area of , and in ...
.
During his time in office, Diop initiated a restructuring of the Customs and modernization of the Treasury. He launched Senegals first "Sovereign Debt Credit Rating" with Standard and Poors and played a role in the merger and the Omega Plan
MRAP
Mine-Resistant Ambush Protected (MRAP; ) is a term for United States Armed Forces, United States military light tactical vehicles produced as part of the MRAP program that are designed specifically to withstand improvised explosive device (IE ...
which led to
NEPAD
The New Partnership for Africa's Development (NEPAD) is an economic development program of the African Union. NEPAD was adopted at the 37th session of the Assembly of Heads of State and Government in July 2001 in Lusaka, Zambia. NEPAD aims to p ...
.
Career at the World Bank
Since October 2001, Diop has been working for the World Bank. He was Country Director for
Kenya
)
, national_anthem = " Ee Mungu Nguvu Yetu"()
, image_map =
, map_caption =
, image_map2 =
, capital = Nairobi
, coordinates =
, largest_city = Nairobi
...
,
Somalia
Somalia, , Osmanya script: ; ar, 塈媯塈, a廜-廜〣匍l officially the Federal Republic of SomaliaThe ''Federal Republic of Somalia'' is the country's name per Article 1 of thProvisional Constituti ...
and Eritrea; Sector Director for Finance, Private Sector and Infrastructure for
Latin America and the Caribbean
The term Latin America and the Caribbean (LAC) is an English-language acronym referring to the Latin American and the Caribbean region. The term LAC covers an extensive region, extending from The Bahamas and Mexico to Argentina and Chile. The ...
; Director of Operations and Strategy for Latin America and the Caribbean; and Country Director for
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
(2009 2012).
The World Bank's Country Partnership Strategy (2012-2015) for Brazil was developed under Diop's leadership.
On May 1, 2012, Diop was appointed by World Bank President
Robert Zoellick
Robert Bruce Zoellick (; ; born July 25, 1953) is an American public official and lawyer who was the eleventh president of the World Bank, a position he held from July 1, 2007 to June 30, 2012. He was previously a managing director of Goldman Sach ...
as the institution's vice president for Africa, responsible for Sub-Saharan countries. For six years, he oversaw the delivery of $70 billion to Sub-Saharan Africa to help tackle development challenges. On July 1, 2018, he was appointed vice president for Infrastructure. He is in charge of the World Bank portfolio for Energy & Extractives, Transport, Digital Development, Infrastructure Finance, Public-Private Partnerships (PPPs), and Guarantees.
On March 1, 2021, Diop was named managing director and Executive Vice President of the International Finance Corporation, a sister organization of the World Bank
Recognition
Diop has been named one of the 100 most influential Africans in the world by various magazines. In 2015, he received the Regents Lectureship Award from the
University of California, Berkeley
The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant u ...