Amena Arif Appointed New IFC Country Manager for East Africa and Malawi

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Nairobi, Kenya, March 15, 2020—IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for Kenya, Tanzania, Uganda, Rwanda, Burundi, Somalia, and Malawi, effective immediately. In her new role, Arif will help IFC strengthen the private sector, create jobs and opportunities, and help businesses and economies in the region recover from the effects of COVID-19.

A  Pakistani national, Arif, joined IFC in 2012 after building a career in commercial banking with Citibank and ABN AMRO Bank. She led IFC's debt and equity investment transactions working with financial institutions in Pakistan, Afghanistan, and Lebanon. Most recently, Arif served as IFC's Country Manager for Sri Lanka and the Maldives, based in Colombo, where she helped grow IFC's portfolio and deepen its impact.

As IFC Country Manager for East Africa and Malawi, Arif will be based in Nairobi.

""I am excited to take up this new position at IFC and look forward to working in such a dynamic region. East Africa's private sector has proved resilient, including through the COVID-19 crisis, but it can be an even more powerful engine of growth going forward, delivering equitable and sustainable growth. IFC and its partners are well positioned to support the private sector through the challenges together," said Amena Arif.

Arif holds an MBA from the Lahore University of Management Sciences in Pakistan . She succeeds Manuel Moses, who moved to a new role outside IFC after successfully serving as IFC East Africa Country Manager for five years.

"On behalf of IFC, I welcome Amena to her new role in East Africa and Malawi," said Jumoke Jagun-Dokunmu, IFC's Regional Director for Eastern Africa. "Her combination of skills and experience will prove invaluable in a region that has made excellent progress strengthening its private sector, but that today faces numerous challenges, including from COVID-19 and climate change."

IFC's focus in East Africa includes bridging infrastructure gap in housing and healthcare, improving transport and energy infrastructure, boosting agricultural productivity, and supporting businesses affected by the COVID-19 pandemic in post COVID-19 recovery phase.

About IFC

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in 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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BIO- Amena Arif

Amena Arif is IFC's Country Manager for Kenya, Tanzania, Uganda, Rwanda, Burundi, Somalia and Malawi. In this capacity, she oversees all advisory andinvestment operations in her cluster of countries, focusing on developing new investment opportunities and supporting clients to create jobs. Ms. Arif previously served as  IFC's Country Manager for Sri Lanka and Maldives based in Colombo, where she helped grow IFC's portfolio and deepen its impact.