Business Desk :
The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Imad N Fakhoury as regional director for South Asia.
Based in New Delhi, Fakhoury will spearhead IFC’s strategy and operations, while reinforcing relationships with the private sector, governments, and regional partners to boost impactful development outcomes in the region, said a press release.
“Fueling economic growth and job creation in South Asia is imperative to unlocking the region’s potential and paving the path towards prosperity.
Fakhoury’s deep experience in enabling and scaling up private capital mobilisation for sustainable infrastructure and climate transitions will be a huge asset for IFC,” said Riccardo Puliti, IFC’s regional vice-president for Asia and the Pacific.
“I’m confident his leadership skills and expertise will help further amplify our work, spurring private sector development and contributing to resilient economic growth in the region.”
IFC’s focus in South Asia centres on providing strategic investments and advisory interventions across Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka to promote inclusive sustainable growth and encourage global and regional integration, among others.
Strengthening capital markets, increasing competitiveness, and closing the gender gap are also among IFC’s priorities in the region.