IFC Managing Director Set to Visit Ethiopia

**Makhtar Diop, Managing Director of the International Finance Corporation, a member of the World Bank Group, is set to visit Ethiopia from September 1-3, 2026, the IFC said. **

As part of his visit, Mr. Diop will meet with senior leaders from the government and the African Union Commission. “Discussions will focus on how the World Bank Group’s new Country Partnership Framework for Ethiopia – which encompasses the Group’s strategic aims for the next 10 years – will support the government’s reform agenda to create jobs, attract more private investment and spur sustainable growth,” it said.

“Mr. Diop will also engage several of IFC’s private sector partners, including from the agribusiness and creative industries sectors, key sectors where IFC’s investments and advisory support are helping strengthen value chains and build economic resilience in the region. He will also convene a meeting with high profile business leaders to identify barriers to growth and roadmap actionable ways to overcome those.”

It is stated that over the past five years, IFC has committed more than $2 billion to investments in Ethiopia. Recent highlights include telecom investments that have strengthened sector competitiveness and improved affordability for consumers; advisory work to develop the country’s financial ecosystem and create a more enabling environment for private capital; and investment and advisory support in agribusiness to bolster food security, decrease food imports and meaningfully raise the incomes of participating smallholder farmers.

IFC is the largest global development institution focused on the private sector in emerging markets. We work in over 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information,