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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.
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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