Nemat Shafik

Nemat ShafikNemat Shafik, known as Minouche, became Deputy Managing Director of the International Monetary Fund in April 2011. Previous roles include Permanent Secretary of the UK’s Department for International Development, Vice President, Private Sector and Infrastructure at the World Bank, and senior management in the International Finance Corporation. Dr. Shafik has economics degrees from the University of Massachusetts- Amherst and the London School of Economics. She also holds a D.Phil in Economics from St. Antony’s College, Oxford University. Minouche has chaired several international consultative groups that support microfinance, energy, water and sanitation for the poor, urban development and slum upgrading, and private participation in infrastructure.

Papers Published in World Economics:

Connecting the African Continent

This paper provides an overview of the contribution of economic infrastructure to growth and human development in Africa. Challenges for infrastructure provision including finance, recurrent costs and public-sector responsibilities are covered, together with assessment of the global trends of urbanisation, climate change and future resource scarcity. The paper describes and explains the work of the UK Department for International Development on economic infrastructure in Africa, covering innovations in areas of private-sector infrastructure, regional approaches, improving the investment climate, and international coordination. The paper concludes with several policy directions for current political processes.

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