What kind of difference can qualified Sub Saharan Africans make at IFC and in international development ?
There are still 390 million people in Africa living in extreme poverty, and many more globally. We need massive scale-up in investment and the roll-out of new solutions in the emerging markets. Investments in infrastructure, health and education are critical for the developing world to exploit opportunities across sectors. Technology-based solutions—such as remote health care, computer-assisted teaching, and off-grid solar—provide new opportunities for leapfrogging. As the main driver of investment and innovation, the private sector needs to play a much greater role. IFC has a central role to play across the international community in addressing the development needs and helping to achieve the Sustainable Development Goals. IFC is implementing a new strategy to push ourselves to support investors willing to take more risk with the right incentives. The cornerstone of this new strategy — called IFC 3.0 — is to systematically create new markets, country by country and sector by sector, by tackling market and regulatory imperfections and by collaborating upstream on the policy side. Professionals at IFC are implementing this strategy, and we want more Africans to be part of our team to help lead the development community.