Ulaanbaatar, Mongolia, January 30, 2019 —IFC, a member of the World Bank Group, has appointed Rufat Alimardanov as Resident Representative for Mongolia. Effective January 1, Alimardanov, based in Ulaanbaatar, is responsible for coordinating IFC’s program of investments and advisory services in Mongolia.
Alimardanov joined IFC in 1997 in Washington D.C., where he worked on projects involving various sectors—from manufacturing and services to financial markets—across different regions. In 2004, he relocated to Moscow to build and lead IFC's business development team for Eastern Europe in the areas of manufacturing, services, agribusiness as well as chemical, oil, gas, and mining. In 2011, he moved to Kyiv to assume the role of IFC Country Manager for Ukraine and Belarus. During his tenure, he was actively engaged in supporting reforms, the privatization agenda, as well as investment promotion in the sub-region. In 2017, he moved to Istanbul to work on resolving non-performing loans in Europe, the Middle East and North Africa region.
“Mongolia is known for its rich resources and potential. IFC and the World Bank have been helping the country build a more competitive, sustainable, and diversified economy,” said Alimardanov. He added, “I look forward to partnering with both public and private sectors to create new markets and opportunities for people in Mongolia.”
As of June 2017, IFC’s committed investment portfolio in Mongolia stood at around $1.5 billion across key sectors such as mining, banking, microfinance, hospitality, and services.
Alimardanov, an Azerbaijan national, holds an MBA and is a CFA charter holder, with schooling at Texas Christian University and University of Texas at Austin.
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 fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
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