Dimitris Tsitsiragos leads IFC’s international investment operations and advisory services. He also oversees IFC’s client coverage group, which forges relationships with key private sector partners worldwide.
Mr. Tsitsiragos was previously Vice President for IFC’s Europe, Central Asia, Middle East, and North Africa (EMENA) region, where he led IFC’s investments and advisory services—delivering an investment program of almost $7 billion in fiscal year 2014 alone, and managing a portfolio of over $13 billion. Under his leadership, EMENA generated $600 million in cash income in FY14.
A Greek national, Mr. Tsitsiragos became Vice President in July 2011. Prior to this, he was Director of the Middle East, North Africa, and Southern Europe department at IFC, where he developed a new strategy to support the region’s private sector in the wake of the Arab Spring. This included the creation of 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 has extensive experience in a number of sectors—including manufacturing, services, and oil and gas. From 2004 to 2010, he led IFC’s Global Manufacturing and Services department, where he 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.
Mr. Tsitsiragos has also worked in a wide range of regions, including South Asia, and Central and Eastern Europe, where he held several leadership positions. He spent over two years in New Delhi as IFC’s Director of the South Asia department, where he doubled commitments for the region in all sectors. He also doubled IFC’s portfolio in India, and significantly improved regional profitability as a result of decreased nonperforming assets and the successful execution of an equity divestiture strategy.
Prior to his South Asia appointment, Mr. Tsitsiragos served as Manager of New Investments for IFC’s Eastern/Central Europe region, and Manager of IFC’s oil and gas division. He led the first IFC financings in Central Asia and the Caspian, including Early Oil and BTC (Baku-Tbilisi-Ceyhan pipeline). He also represented IFC on a number of operating committees in Argentina, Kazakhstan and Egypt for oil and gas properties producing over 120,000 barrels per day.
Externally, Mr. Tsitsiragos has served on the Board of Directors for both IDFC (India) and the Commercial Bank of Ceylon (Sri Lanka). He holds an MBA from George Washington University.