World Bank Arm IFC Hires Singapore Country Manager
The International Finance Corporation, sister organization of the World Bank, appoints a new country manager for Singapore amid an estimated $2.5 trillion per year spending in Asia to achieve UN’s sustainable development goals.
IFC appoints Nicolas Marquier as country manager for Singapore following his last role as advisor to the CEO where he contributed to the development and implementation of the firm’s strategy. Marquier has over 15 years of experience in multiple industries in Europe, the Middle East and Asia.
IFC is the largest global development institution focused exclusively on the private sector with an emphasis on various future trends including sustainable infrastructure and urban developments; disruptive technology and business models; and sustainable agribusiness practices. And in Asia, the region is estimated to spend $1.7 to $2.5 trillion annually to achieve the UN’s sustainable development goals.
«Using Singapore’s well-established financial hub allows IFC greater access to locally-based strategic partners wishing to broaden their regional presence, expanding into markets such as Vietnam, Myanmar, and Bangladesh,» the announcement said.
«Since 2012, IFC has invested more than $2 billion in financing from its own account and mobilization with Singapore based companies,» added Vivek Pathak, Regional Director for East Asia & the Pacific. «With this appointment, I am confident we can ramp up our sourcing and delivery of impactful investments from Singapore.»
