IFC appoints new Country Manager for Sri Lanka and Maldives

IFC has appointed Alejandro Alvarez de la Campa as the new Country Manager for Sri Lanka and Maldives. 

Based in Colombo, Alvarez de la Campa will lead IFC’s strategy in building a diversified portfolio and increasing impact in both countries, while helping strengthen sustainable private sector development to promote inclusive growth. A Spanish national, Alvarez de la Campa joined IFC in 2004, and has extensive experience working across the World Bank Group. Prior to this appointment, he was the Manager leading IFC’s Creating Markets Advisory teams in Africa, Latin America, and the Middle East, in-charge of strategic engagements with governments and private sector partners to improve the investment climate across regions and industries. Alvarez de la Campa was also a Practice Manager for Finance, Competitiveness and Innovation (FCI) and Finance and Markets (F&M) in Africa in the joint World Bank-IFC Global Practice group.

His appointment comes at a significant time for Sri Lanka when the country needs to spur private sector-led growth to navigate the ongoing economic fallout. 

“With Sri Lanka’s economy expected to contract by 9.2 percent this year and a further 4.2 percent in 2023, it’s vital to work to spur the financial resources and expertise of the private sector to help the country on the long road to recovery,” said Hector Gomez Ang, IFC Regional Director for South Asia. “With the right reforms in place, IFC in Sri Lanka under the leadership of Alvarez de la Campa is determined to play its part in helping spur investments and create jobs.”  

Bringing years of experience leading teams who supported policy implementation and reforms for private-sector-led development, Alvarez de la Campa’s top priority will be to strategically lead IFC’s investment and advisory engagements in Sri Lanka, pushing for stronger, progressive steps towards improving private sector-led growth to create jobs and opportunities for people. 

“As the Country Manager for IFC in Sri Lanka and Maldives, I am looking forward to continuing and scaling up IFC’s impact in Sri Lanka while also strengthening our engagements with the private sector, government and development partners,” said Alejandro Alvarez de la Campa. “We know from our experience, a stronger private sector leads to increased economic opportunities, and IFC is well positioned to support Sri Lanka through these critical times.”