Babacar Ndiaye (economist)

Babacar Ndiaye (born November 6, 1936 in Conakry ; † July 13, 2017 in Senegal ) was a Senegalese economist and from 1985 to 1995 the fifth president of the African Development Bank (AfEB).

Life

Ndiaye was born in Conakry, today's capital of Guinea , to a Senegalese father and a Guinean mother. He spent his childhood and early school years in his home country until he migrated to France to study at the local École supérieure de commerce ( business school ) in Toulouse . He then went to the Institut d'études politiques de Paris and later graduated from the Caisse centrale de coopération économique (predecessor of today's Agence française de développement ).

In 1965 Ndiaye returned to Africa, where he became one of the first employees of the African Development Bank, which was founded the previous year. He was finance director, later vice president of finance until he was elected fifth president in May 1985. To date, he is the only internal who has been elected President.

During his presidency, the AfEB succeeded for the first time in gaining an AAA rating from the major rating agencies Moody’s , Fitch Ratings and Standard & Poor’s , which, with the trust gained and the opening of the AfEB to foreign investors in 1987, led to the AfEB increasing its equity by 200% to $ 23.3 billion. Ndiaye founded several pan-African institutions, such as the import-export bank Afreximbank . In 1990 he was re-elected. After leaving the AfEB, Ndiaye remained an active honorary president and attended several congresses.

Ndiaye died on July 13, 2017 in his home country Senegal.

Quotes

" Senegal is my village, Africa my country " ( Babacar Ndiaye , German: "Senegal is my village, Africa my (home) country.")

Individual evidence

1. ↑ ^{a b c} African Development Bank: Babacar Ndiaye, 5th elected President of African Development Bank 1985–1995. April 8, 2019, accessed May 29, 2020 .