International Financial Corporation has named Alejandro Alvarez de la Campa as the new Country Manager for Sri Lanka and the Maldives by the International Finance Corporation (IFC).

Alvarez de la Campa, who is based in Colombo, Sri Lanka, will be in charge of developing a diversified portfolio, boosting impact, and fostering inclusive growth while strengthening private sector development. Alvarez de la Campa, a Spanish national, began working for IFC in 2004 and has extensive experience working for the entire World Bank Group. He managed strategic engagements with governments and private sector partners to improve the investment climate across regions and industries as Manager of the IFC Creating Markets Advisory teams in Africa, Latin America, and the Middle East before his appointment.

IFC stated that 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 that can deliver jobs and opportunities for people in the Maldives. Alvarez de la Campa has years of experience leading teams that supported policy implementation and reforms for private-sector-led development agendas.

Since 1983, IFC has made approximately USD200 million in investments in the Maldives to promote the private sector. The Maldives' plan is built on three pillars: connectivity, inclusivity, and sustainability. The IFC program for the Maldives aims to advance inclusive and sustainable growth under these strategic pillars, with a focus on tourism, food security, gender, infrastructure, and climate-smart solutions.

IFC, a member of the World Bank Group, is the biggest international development organization that focuses on the private sector in emerging economies and operates in more than 100 nations. IFC develops markets and business possibilities in underdeveloped nations by leveraging its resources, experience, and clout.