DIMITRIS TSITSIRAGOS Vice President, Europe, Central Asia, Middle East & North Africa
Dimitris Tsitsiragos is IFC’s Vice President for Europe, Central Asia, and the Middle East and North Africa. As a member of the IFC Management Team, he leads IFC’s investments and advisory services in the region and oversees a strategy that supports private sector development to create opportunity for people to escape poverty and improve their lives.
Under Mr. Tsitsiragos’ leadership, the Europe, Central Asia, Middle East, and North Africa region delivered a record $7.4 billion of investments in 192 projects in fiscal year 2013 (which ended June 30, 2013). By leveraging IFC's investment and advisory work and managing IFC's relationships with Western European shareholders and donors, Mr. Tsitsiragos leads IFC’s efforts in the region with a focus on creating jobs, improving infrastructure, increasing access to finance, and tackling climate change.
A Greek national, Mr. Tsitsiragos became Vice President in September 2011. He was previously the Director of the Middle East, North Africa and Southern Europe department at IFC, where he developed a strategy to support the region’s private sector in the wake of the Arab Spring. He oversaw several important initiatives, including the E4E Initiative for Arab Youth, which brings together public and private providers of education and private companies to improve the quality of education in the region. Mr. Tsitsiragos also helped launch the Arab Financing Facility for Infrastructure, which supports much-needed infrastructure projects, and kick-started a facility expected to channel over $500 million to smaller businesses in the Middle East and North Africa region.
Mr. Tsitsiragos has extensive experience in several sectors, including manufacturing and oil & gas. From 2004 to 2010, he directed IFC’s Global Manufacturing and Services department, which was responsible for IFC’s activities in the areas of tourism, retail and property development, construction materials, the forest products chain, life sciences, and energy-efficient machinery. He refined the department’s strategic focus, emphasizing IFC’s global expertise in select sectors, with an emphasis on helping IFC clients to enhance their international competitiveness.
Mr. Tsitsiragos has also worked in South Asia, and in Central and Eastern Europe, where he held several leadership positions. He spent more than two years based in New Delhi as IFC’s Director of the South Asia department, where he doubled commitments for the region in all sectors, doubled IFC’s portfolio in India, and significantly improved regional profitability by decreasing nonperforming assets and successfully executing an equity divestiture strategy. Before his South Asia assignment, Mr. Tsitsiragos served as Manager of New Investments for IFC’s Eastern and Central Europe region and Manager of IFC’s Oil & Gas division, focusing on Latin America, the Middle East, and the former Soviet Union, where he led some of the first oil-and-gas project financings in the region.
Externally, Mr. Tsitsiragos served on the Board of Directors of India’s IDFC and Sri Lanka’s Bank of Ceylon. He holds an MBA from George Washington University.