New Delhi, India, October 5, 2021—IFChas appointed Wendy Werneras the new Country Head for India. Based in New Delhi, she will focus ongrowth and diversification of IFC’s India portfolio, helping maximize IFC’s impact in the region.
In India, IFC’s largest client country globally, commitments for the fiscal year ending June 2021 stood at $1.7 billion, representing an increase of over 51 percent from last year.Since its first engagement in 1956, IFC has invested more than $24 billion (including mobilization) in more than 500 companies in the country.
With over20 years of experience, Werner will spearhead cross-industry collaborationto promote IFC’s impact onclimate, gender, and innovation.To create opportunities for the underserved in India, IFC focuses on inclusive, strong, and sustainable growth by boosting infrastructure, enabling financial inclusion, promoting renewable solutions, and strengthening logistics, among other sectors.
Announcing the appointment, Hector Gomez Ang, Regional Director for South Asia at IFC, said, “Wendy’s leadership and extensive experience will be key as we implement plans to take our India and South Asia franchises to the next level. With this appointment, I am confident she will bring valuable insight to the position and deepen our relationships in the country, while bolstering IFC’s efforts to support a strong post-COVID recovery by creating sustainable jobs and reinvigorating growth in India.”
A US national, Werner joined IFC in 2006 after working in the power and energy sector in the United States. As the Country Manager for Bangladesh, Bhutan and Nepal, she closed transformative projects anddiversified IFC’s portfolio. Prior to that, Werner was IFC Trade & Competitiveness Manager for East Asia and the Pacific and was earlier based in Southeast Europe and Tajikistan.
Commenting on her new role, Werner said, “IFC stands committed to support a green, inclusive and resilient recovery in India. While new,tech-enabled solutions will be key to the country’s digitization roadmap, innovative financial products can help improve people’s access to finance.” Adding, “I look forward to engaging with the private sector, government, and partners to drive impact across sectors. We are redoubling our efforts to create markets and boost competitiveness, while promoting and preserving jobs, raising living standards, and charting a path towards a low-carbon economy.”
Werner is a CFACharterholder, and holds a joint MBA/MA in International Affairs from George Washington University and a BA from Grinnell College, United States.
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 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visitwww.ifc.org.
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