Praia, Cabo Verde, September 28, 2022 – Sérgio Pimenta, IFC Vice President for Africa, will visit Cabo Verde from September 29-30 to explore ways IFC can deepen its commitment to growth, job creation, and opportunity in the country through private sector-led solutions.
During his first official visit to Cabo Verde as IFC Vice President for Africa, Mr. Pimenta will meet with Cabo Verde's Prime Minister, Ulisses Correia e Silva, senior government officials, and representatives from the private sector.
Discussions will focus on how IFC can best support Cabo Verde's development agenda, the Cabo Verde Strategic Plan for Sustainable Development (PEDS), notably through increased investments and impact in the tourism, infrastructure and energy sectors. Mr. Pimenta will also explore ways to improve access to finance for micro, small and medium-sized enterprises (MSMEs).
Increasing IFC's support to strengthen the tourism sector and scaling up access to finance for MSMEs will be at the top of Mr. Pimenta's agenda.
The press is invited to request interviews with Mr. Pimenta and attend the joint press conference with Prime Minister Ulisses Correia e Silva on September 29 at 12:30 pm in the Government Palace's conference room.
Cabo Verde is recovering from the impacts of COVID-19, which dealt a blow to its tourism-dependent economy. A strong private sector will be central to support recovery efforts and help Cabo Verde face new challenges, including from rising global inflation and food prices.
IFC's current support in Cabo Verde is largely focused on increasing access to finance for MSMEs by providing financial institutions with trade finance lines and long-term financing.
WHO: Sérgio Pimenta, Vice President for Africa, IFC - @SPimentaIFC
WHEN: Thursday, September 29, 2022 – Friday, September 30, 2022
WHERE: Praia-Sal, Cabo Verde
For media requests, please contact:
In Dakar: Abdoul Maiga | amaiga7@ifc.org | + 221 776 38 29 41
About IFC
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
Stay Connected
Sérgio Pimenta
IFC's Regional Vice President for Africa
Sérgio Pimenta is IFC's Regional Vice President for Africa. In this capacity, he is in charge of all advisory and investment operations in a region with a committed portfolio of $13.3 billion and approximately 700 staff working to expand the private sector's role in addressing urgent development challenges in the financial, manufacturing, agribusiness and services, and infrastructure industries.
Previously, Mr. Pimenta was IFC's Vice President for the Middle East and Africa. Mr. Pimenta also served as Director and Global Head of Industry—Manufacturing, Agribusiness, and Services at IFC, managing all operations in these sectors worldwide. Mr. Pimenta also served for three years as IFC's Regional Director responsible for East Asia and the Pacific, based in Hong Kong.
Earlier in his career at IFC, Mr. Pimenta held senior managerial positions in the manufacturing, agribusiness, and services sectors in the Asia Pacific region, the Middle East and North Africa, and Washington, DC.
Prior to joining the World Bank Group through its Young Professionals Program in 1996, Mr. Pimenta worked for the Treasury Department of the French Ministry of Finance, as well as for Banque Nationale de Paris (BNP).
A Portuguese and French national, Mr. Pimenta holds an engineering degree from the École Polytechnique, Paris, and a post-graduate degree from the École Nationale des Ponts et Chaussées, Paris.
Contacts
Stay Informed
Sign up to have customizable news & updates sent to you.