The International Finance Corporation (IFC) has appointed a new regional director for South Asia.
Imad Fakhoury will take up the reins, overseeing the multilateral’s efforts in Bangladesh, Bhutan, India, the Maldives, Nepal and Sri Lanka.
For the past four years, Fakhoury has served as the global director of the World Bank’s infrastructure, PPPs & guarantees unit. He was also instrumental in the establishment and success of Jordan’s flagship moves into the PPP sector.
Sebastian Molineus, the World Bank's current director of strategy & operations for infrastructure, has taken over as acting director while Fakhoury's permenant replacement is being selected.
"Private sector investment is key to achieving South Asia's development goals amid persisting global crises. By offering innovative and scalable solutions, IFC will help accelerate the region's transition to a greener, more inclusive and resilient development model," said Fakhoury.