Sector Operations Vice President
Kapil Kapoor is the Acting Vice President for Sector Operations for the African Development Bank Group. He is also the Director of Strategy and Operational Policies.
With a PhD in Economics and an MBA in Finance, he has led the preparation of the Bank’s Long-Term Strategy to support the transformation of Africa over the next decade. He has also led the preparation of the Bank’s Private Sector Development Strategy, played a central role in developing initiatives to significantly scale up infrastructure financing, such as the establishment of the multi-billion dollar Africa50Fund, and led the changes to the Bank’s Credit Policy to enable qualified low income countries (only eligible to grants or soft loans) to get access to the Bank’s commercial resources (usually meant for middle income countries).
As the Acting Vice President for Sector Operations, Kapil provides oversight to an annual lending program in excess of US$3 billion covering sectors such as agriculture, human development, water and sanitation, governance, natural resource management and the provision of budget support. He oversees an active portfolio of operations, including loans and grants, totaling some US$ 8 billion and manages over 400 staff.
Kapil has an established track record of effectively engaging Governments in high level policy dialogue, and orchestrating policy change in a variety of difficult economic and political settings. As a manager and development economist with the World Bank for over twenty years, he managed a portfolio of projects in excess of US$1 billion. He has led numerous development initiatives in diverse country settings, ranging from fragile states like Afghanistan and Somalia, to small island economies like Mauritius and Sri Lanka, to large and fast growing economies like Bangladesh and India.
Prior to joining the African Development Bank in 2012, he held a series of senior positions with the World Bank Group, the most recent of which included the World Bank’s Representative for Uganda and Zambia and the World Bank’s Sector Manager for its economics program in South Asia.
An Indian citizen, Kapil is married and father of two children.
- 22/09/2017 - The Bank Group has approved EUR 15 million equity investment in the Mediterrania Capital Fund III (MC III)
- 22/09/2017 - AfDB, AU, UN agencies pledge more action for Africa’s industrial transformation
- 22/09/2017 - The Third Industrial Development Decade for Africa: From political commitment to actions on the ground