What kind of dif­fer­ence can qual­i­fied Sub Sa­ha­ran Africans make at IFC and in in­ter­na­tional de­vel­op­ment ?

The Africa Report - - THE QUESTION -

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.

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