Uganda World Bank Office Gets New Boss

12-Jan-2012

Ahmadou Moustapha Ndiaye is the World Bank country manager for Uganda.

He replaces Kundhavi Kadiresan, who moves to Malawi, Zambia and Zimbabwe as country director.

Ndiaye a Senegalese national, becomes the first African National to work as World Bank Country manager for Uganda.

"I am excited about serving Uganda at this critical time when the economy has experienced some turbulence but also as the country looks forward to harnessing its oil resources," Ndiye.

"I hope to build on my predecessor's work to effectively implement the Uganda country assistance strategy, as well as foster dynamic dialogue with the Uganda Government and all stakeholders," he added.

Uganda has one of the Bank’s biggest five portfolios in Africa. By the end of December 2011, there were 23 Bank-supported projects with net commitments of over $1 billion (Shs2.5 trillion) which is provided through the soft window of the World Bank.

The soft window of the World Bank is the International Development Association, which gives loans to the world’s poorest countries like Uganda on concessional basis (with zero interest rates and it can be paid back in 40 year period).

Mr Ndiaye joined the Bank in 1998 as a financial management specialist in the Senegal country office and rose through the ranks with his most recent assignment being manager, financial management, in the Eastern Europe and Central Asia Region.