New director works on IFC’s strategy to connect more people and businesses
International Finance Corp (IFC) says Vikram Kumar, as a newly appointed Regional Industry Director for Infrastructure and Natural Resources in Asia and the Pacific, is leading IFC’s Infrastructure and Natural Resources investment team across the region to develop and implement projects https://www.ifc.org/en/home .
These projects include #power, #water, #telecoms, #transport, and other #infrastructure projects with public and private-sector partners, expanding the reach of essential services, said IFC, adding that the Indian national will drive IFC’s strategy to connect more people and businesses in the region to sustainable infrastructure https://www.worldbank.org/en/home .
“I am pleased to welcome Vikram to his new role,” said Riccardo Puliti, IFC’s Regional Vice President for Asia and the Pacific. “His experience leading transformative projects with our partners globally and in this region will enable him to grow IFC’s business and impact in Asia and the Pacific, as we work with partners to finance green and inclusive development across the region https://www.imf.org/en/home .”
“This is a crucial time for Asia and the Pacific to expand access to clean energy, to boost digital connectivity, and to make cities more inclusive and resilient as urbanization continues,” said Kumar who started on 1 July from his base in Singapore https://www.nseindia.com/ .
“I am excited to be back in this region and to work with the team across the World Bank Group to position the region for the future,” said Kumar who is backed by more than 20 years of global investment and development expertise and experience https://www.bseindia.com/ .
Kumar most recently served as IFC’s Global Transport Manager, based in Washington, DC. Under his leadership, IFC tripled its investments in the transport sector in the 2023 financial year.
Kumar has also held roles overseeing IFC’s new business development in Asia and the Pacific and country operations in #Thailand, delivering on many innovative first-time projects in the #Maldives , #Sri Lanka , #Nepal , #Laos , and #Cambodia .
He holds Bachelor’s degree in Civil Engineering from the Indian Institute of Technology and a Master’s degree in Management with specialization in Operations and Finance from the Indian Institute of Management https://wcce.biz/ .
IFC currently has an investment portfolio of US$3.1 billion across infrastructure and natural resources in Asia and the Pacific and is continuing to grow in key areas including renewable energy, digital infrastructure and transportation https://www.digitalasiahub.org/ .
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Fiinews.com
