IFC Appoints New Vice President for Europe, Latin America, and the Caribbean

​Washington, DC, July 1, 2022—IFC today announced the appointment of Alfonso Garcia Mora as the new Vice President for Europe, and Latin America and the Caribbean. In his new role, Garcia Mora will spearhead IFC's operations in the two regions, including overseeing IFC's response to the war in Ukraine and encouraging the growth of the private sector to tackle main development challenges.

"Given the ongoing COVID-19 crisis and now the war in Ukraine, we need to be strategic to optimize our development impact in these two regions," said Garcia Mora. "I look forward to supporting governments and the private sector with high-impact projects that foster a green, inclusive and resilient recovery and help address each region's development challenges."

Garcia Mora will be responsible for IFC's investments, advisory work, and donor partnerships across Europe, Latin America, and the Caribbean.

Most recently, Garcia Mora was IFC's Regional Vice President for Asia and the Pacific. Prior to that, he was a Director at the World Bank in charge of various regions, including Europe and Latin America as well as Global Director for Finance, Competitiveness, and Innovation.

Prior to joining the World Bank Group, Garcia Mora was a Partner-Managing Director with Analistas Financieros Internacionales, a Spanish financial consulting firm. In that capacity, he worked with the private sector, regulators, governments, and development finance institutions in different countries.

Garcia Mora has a PhD in Financial Economics from Universidad Autonoma de Madrid, Spain, and has lectured and published extensively on banking and financial-sector issues.

About IFC

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.#

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