The World Bank has appointed a Ghanaian national, Victoria Kwakwa, as the new World Bank Vice President for Eastern and Southern Africa.
The appointment takes effect from July 1st, 2022.
Ms. Kwakwa takes over from Hafez Ghanem, who retired from the World Bank on June 30, 2022.
Ms. Kwakwa is an economist and development specialist with more than 30 years of experience.
With her new role, she will oversee an active regional program that includes a financing portfolio of more than 300 projects with a combined value of more than $50 billion as well as in-depth policy research and advice.
Under Ms. Kwakwa’s direction, the World Bank will continue to offer necessary assistance to nations as they deal with a number of delicate, diverse issues, such as the COVID-19 crisis’ aftermath, rising climate shocks, food, and energy-fueled inflation, and rising debt levels.
She will focus on improving access to crucial infrastructure, supporting economic recovery, and reforming the private sector’s job creation, human capital development, climate resilience, agricultural productivity, and food security.
The World Bank will also target efforts to reduce the drivers of fragility and conflict, improve gender equality and increase regional integration.
Ms. Kwakwa brings a wealth of development experience to the position, having worked in African and East Asian countries.
Before her new role, Miss Victoria Kwakwa worked with the World Bank Managing Director of Operations to improve the operational effectiveness and impact of the Bank in her most recent position as the World Bank’s Vice President for Corporate Strategic Initiatives.
She also served as the Vice President for East Asia Pacific from April 2016 to September 2021, where she led the Bank’s engagement with 23 diverse clients on a wide range of development issues.