Carole Maman is a seasoned investment professional with extensive experience in private equity and financial sector investments, particularly in developing countries. Currently serving as Chief Investment Officer at BIO - Belgian Investment Company for Developing Countries since January 2014, Carole previously held the position of Manager of the Financial Sector Department at the same organization from September 2003 to December 2013. Prior to joining BIO, Carole worked at the International Finance Corporation from July 1999 to February 2003, structuring and monitoring investments in private hospitals and universities across Asia, Latin America, and Europe. Carole's career began as an M&A analyst at Banque Arjil from 1994 to 1998, focusing on advisory work in mergers and acquisitions in France. Carole holds an MBA from ESSEC Business School, completed between 1991 and 1994.
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BIO - the Belgian Investment Company for Developing Countries
The mission of BIO is to support a strong private sector in developing and/or emerging countries, to enable them to gain access to growth and sustainable development with the aim of achieving the Sustainable Development Goals. BIO invests directly in private sector projects and as such makes a structural contribution to the socio-economic growth of those host countries. Its mandate requires strict criteria in terms of geographical targets, financing tools and, above all, impact on development. In developing countries, the informal economy is proof of great dynamism; however access to long-term finance and capital, without which companies cannot grow, is limited or impossible for a large chunk of the population. In fact, the banking system is often unsuited to the needs of small entrepreneurs and does not allow the emergence of income-generating activities. Support for the private sector is therefore an essential link in the development cooperation chain, as it drives economic growth. By producing goods and services, local enterprises help improve the population’s living standards, accelerate technological developments and lower prices by stimulating competition and increasing the country’s tax base, which is essential for financing infrastructures, education and health. BIO's strategy focuses on the financial sector, enterprises and infrastructure projects, with three key objectives: optimising the development impact, supporting sustainable projects, and additionality.