Makhtar Diop, the World Bank’s vice president for infrastructure, will pay his first official visit to Vietnam from February 20 to 22 as the Southeast Asian country is in dire need of capital for infrastructure development.
World Bank’s Vice President for Infrastructure Makhtar Diop
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Makhtar Diop will also be on a field trip to Hai Phong city to witness first-hand results from the World Bank-financed projects in infrastructure development, and to understand the infrastructure needs of emerging cities in Vietnam.
Makhtar Diop is the World Bank’s Vice President for Infrastructure since July 1, 2018. The infrastructure vice presidency comprises Energy & Extractives, Transport, Digital Development, Infrastructure Finance and Public-Private Partnerships (PPPs). In this global role, Makhtar Diop leads efforts to develop sustainable solutions and help close the infrastructure gap in developing and emerging economies.
As of September 2016, the World Bank had provided US$22.5 billion in grants, credits and concessional loans to Vietnam. Vietnam's existing portfolio consists of 50 IDA/IBRD operations and four stand-alone trust funds projects, with total net commitments of almost US$9.9 billion. The portfolio concentrates on infrastructure, including transportation and urban development, rural development, energy, water resources management, public administration reforms, finance, education, health and social services, and environment.
