Davos 2026: IFC Managing Director outlines shifting dynamics of emerging markets at WEF 2026

By:  Nana Appiah Acquaye

The Managing Director of the International Finance Corporation (IFC), Makhtar Diop, has underscored the growing influence of emerging markets in reshaping the global economy, citing youthful populations, rapid technology adoption, and significant transitions in energy systems and global supply chains as key drivers.

Speaking at the World Economic Forum Annual Meeting 2026, Diop said emerging economies are increasingly positioning themselves as engines of global growth. He noted that these trends are prompting strategic shifts within the World Bank Group to better mobilize private capital, strengthen domestic markets, and support businesses that generate sustainable employment across developing regions.

Mr. Diop explained that the IFC is adapting its approach to respond to evolving economic realities by deepening investments in high-impact sectors and creating conditions that enable local enterprises to scale and compete. He emphasized that private sector development remains central to job creation and long-term economic resilience in emerging markets.

The remarks were made during a high-level discussion on the future of emerging markets, which brought together James Marape, Prime Minister of Papua New Guinea; Rania A. Al-Mashat, Egypt’s Minister of Planning, Economic Development and International Cooperation; and Bob Sternfels, Global Managing Partner at McKinsey & Company. The session was moderated by Reuters journalist Peter Thal Larsen and focused on how policy, investment, and innovation can accelerate inclusive growth in emerging economies.