Makiko Toyoda is the Global Head of the Global Trade Finance Program (GTFP) & Global Supply Chain Finance Program (GSCF) at International Finance Corporation (IFC) (World Bank Group). GTFP is IFC’s largest trade finance program established in 2004 which currently covers 74 countries and GSCF is a newly established program to provide supplier financing in emerging markets. Makiko has 30 years of trade & supply chain finance and banking experiences, having worked in Washington DC, Johannesburg, Hong Kong, Kazakhstan, London, Frankfurt, and Tokyo. She joined IFC in 2003 and was the Sub-Saharan Africa Head based in Johannesburg before assuming the current role in Washington DC in 2017. She is a member of WTO’s Trade Finance Expert Working Group. She is also a member of International Trade & Forfaiting Association (ITFA)’s Multilaterals Advisory Panel. Prior to joining IFC, she worked for the European Bank for Reconstruction and Development (EBRD) where she worked on trade and commodity finance programs, and for the Industrial Bank of Japan (IBJ) where she was the Deputy General Manager. She also worked for Kreditanstalt fuer Wiederaufbau (KfW) under the Staff Exchange Program. Makiko holds a BA degree in Economics from Keio University and a Master's degree from SAIS, Johns Hopkins University.
The conversation on intra-Africa trade has been dominated by the recently implemented game-changing African Continental Free Trade Agreement (AfCFTA) and its potential to position the region as the fastest growing in the world. This discussion will broaden the conversation and unpack the AfCFTA for what it is – a legal instrument to enhance intra-Africa trade – and what we can realistically expect from the agreement, in the context of existing regional economic networks and other trade instruments already in effect. The discussion will seek to address questions such as how Africa can unlock potential by building more viable regional value chains, how countries can overcome infrastructural differences impeding trade, and how payment innovation must align to facilitate cross-border exchange. Underpinning these reforms is the critical role of financing to not only bridge the infrastructure and investment gaps, but also offset the revenues generated by existing trade barriers. Lastly, the role of the private sector cannot be understated. The discussion will highlight the dual role the private sector has to play, both as traders and agents of innovation.