The World Bank on Friday announced the appointment of Cyndo Obre as the new International Finance Corporation (IFC) representative in Benin.
A national of Cte dIvoire, Obre holds a Masters degree in International Finance and Business from the Institut Suprieur du Commerce de Paris.
As country manager, he will work closely with IFCs regional representation based in Accra, Ghana, and with the World Bank and MIGA teams.
He will coordinate the increase of IFCs interventions in Benin, particularly in key sectors such as access to finance for SMEs, infrastructure and value chains in the agricultural sector.
In Benin, the new directors most immediate priority will be the implementation of IFCs COVID-19 response, according to an official statement.
With a strong background in investment project structuring and IPP project development, Obre also has transaction expertise covering a wide range of sectors, including industry, agribusiness, financial institutions, health, real estate, telecommunications and infrastructure.
IFC has been active in Benin since 1999, particularly in the financing of SMEs, tourism and water.
From 2009 to date, IFC has invested more than US$300 million in the country.
