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Washington, D.C., January 10, 2018
—IFC, a member of the World Bank Group, today announced the appointment of
Stephanie von Friedeburg
as Chief Operating Officer. In this newly created position, von Friedeburg will lead and coordinate all IFC operations.
IFC is the largest global development institution focused on the private sector in emerging markets, working with more than 2,000 business worldwide to create markets and opportunities in the developing world.
“Stephanie’s core task as COO is to implement our IFC 3.0 strategy by ensuring more strategic country and regional approaches to creating markets; tightening existing coordination between regions and sectors as well as between investment and advisory services; improving knowledge management and portfolio management in operations; and strengthening incentives, efficiency, and accountability to deliver development impact and financial soundness of our operations,” said IFC CEO Philippe Le Houérou.
Von Friedeburg said that one of her focus areas will be to substantially grow IFC’s work in the poorest countries and in fragile and conflict-affected states, where people have little opportunity.
“A surge of working-age youth in developing countries will lead to a widespread crisis of unemployment by 2030 if we don’t leverage private sector solutions,” von Friedeburg said. “As the preeminent private sector development finance institution, there is no organization better positioned than IFC to stimulate additional private sector investment that will create jobs in the poorest countries in the world.”
Prior to her appointment as COO, von Friedeburg served as Vice President for Corporate Strategy & Resources, during which she led the consolidation of corporate strategy, budget, human resources and IT. Previously, she held the position of World Bank Group Chief Information Officer, fundamentally transforming the Group’s information technology organization to equip it to fight poverty in the 21st century.
Von Friedeburg has helped deliver significant private sector impact in emerging markets, including the growth of mobile telecommunications throughout the developing world and IFC’s first large financings in Russia and Eastern Europe in the post-Soviet era. She began her World Bank Group career at IFC in 1992, spending more than two decades in investment operations, where she developed strong regional expertise in Africa and Central and Eastern Europe, as well as in numerous industry sectors, including telecom, media, manufacturing, services, and technology.
About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit
www.ifc.org
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