Ibrahim Shihata: A Visionary Leader in International Finance
First Bank
Ibrahim Shihata is one of Egypt's prominent economic figures, renowned for his contributions to the development of international financial institutions and their role in funding development.
Throughout his distinguished career, he played a key role in shaping institutions such as the World Bank. He also co-founded the Arab Fund for Economic and Social Development, the International Fund for Agricultural Development, and OPEC Fund for International Development.
Born in 1937 in Damietta, Egypt, he excelled academically and later became a professor at Ain Shams University's Faculty of Law.
In 1982, he joined the World Bank, eventually serving as its General Counsel and Senior Vice President. His expertise and efforts significantly modernized the World Bank and expanded its development initiatives.
Shihata's legacy includes establishing the Multilateral Investment Guarantee Agency (MIGA) and the Global Environmental Facility. He authored numerous influential works, including the famous "My advice to My Country" published in 2001.
In recognition of his exceptional contributions, the World Bank Group launched a major celebration in 2019 to honor Ibrahim Shihata, dedicating one of its grand halls in his name.