Infos Business of Wednesday, 12 October 2016

Source: Business in Cameroon

A Burkinabe to defend Cameroon’s interests at WB Board

Burkinabe Seydou Bouda Burkinabe Seydou Bouda

Starting from 1 November 2016, Cameroon will be represented at the World Bank Executive Board by Burkinabe Seydou Bouda, in accordance with the rule which directs that within this Bretton Woods institution, board members be elected by groups of countries.

This except for the five main WB shareholders (United States, Japan, Germany, France and UK), China, Russia and Saudi Arabia, who choose their own administrators among the 25 which make up the Executive Board of this institution.

Until October 2018, in addition to Cameroon, Burkinabe Seydou Bouda will defend the interests of 22 other African countries (group II) within the Executive Board of the World Bank. These are of course Burkina Faso, Benin, Cape Verde, Central African Republic, Comoros, Congo, Democratic Republic of Congo, Côte d’Ivoire, Djibouti, Gabon, Guinea, Guinea-Bissau, Equatorial Guinea, Madagascar, Mali, Mauritius, Mauritania, Niger, Sao Tomé e Principe, Senegal, Chad and Togo.

A former Burkinabe ambassador in the US, Seydou Bouda also managed several ministries in different governments in Burkina Faso. He was also Governor of the Islamic Bank of Development (IBD) and the African Development Bank (AfDB).