International Finance Corporation (IFC) has appointed Alejandro Alvarez de la Campa as the new Country Manager for Sri Lanka and the Maldives.
Based in Colombo, Sri Lanka, Alvarez de la Campa will lead the strategy in building a diversified portfolio and increasing impact in both countries, while helping strengthen sustainable private sector development and promoting inclusive growth. A Spanish national, Alvarez de la Campa joined IFC in 2004 and has extensive experience working across the World Bank Group. Prior to the appointment, he was the Manager leading IFC Creating Markets Advisory teams in Africa, Latin America, and the Middle East, managing strategic engagements with governments and private sector partners to improve the investment climate across regions and industries. He was also a Practice Manager for Finance, Competitiveness, and Innovation (FCI) and Finance and Markets (F&M) in Africa in the joint World Bank-IFC Global Practice group.
Bringing in years of experience leading teams that supported policy implementation and reforms for private-sector-led development agenda, IFC said Alvarez de la Campa's top priority will be to strategically lead investment and advisory engagements in the Maldives, pushing for stronger, progressive steps towards improving private sector-led growth which can deliver jobs and opportunity for people in the Maldives.
In the Maldives, IFC has been supporting the private sector since 1983 with over USD200 million in investments so far. The strategy in the Maldives revolves around three pillars: sustainability; inclusion and connectivity. Under these strategic pillars, the IFC programme for the Maldives seeks to promote inclusive and sustainable growth with a focus on tourism, food security, gender, infrastructure, and climate-smart solutions.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. In 2022, IFC committed a record USD32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.