Makhtar Diop, head of the IFC, the World Bank’s financial arm: ‘We want to use Madrid to channel more private investment to emerging markets’

The World Bank's International Finance Corporation (IFC) has established an office in Madrid to strengthen ties with Spanish businesses and drive joint ventures in developing nations. Head of the IFC, Makhtar Diop, emphasized the goal of channeling more private investment into emerging markets through this new office. This strategic move aims to leverage Spain's economic influence and expertise to foster sustainable development and economic growth in less developed regions. The initiative highlights the global push to integrate private sector funding into international development efforts.