International Finance Corporation appoints new director for the Mekong region

Thomas Jacobs, IFC’s new country manager for the Mekong region covering Cambodia, Laos and Vietnam. Photo courtesy of IFC

The International Finance Corporation has appointed Thomas Jacobs as country director for the Mekong region, covering Vietnam, Cambodia and Laos.

He succeeds Kyle Kelhofer, who has taken on a new role as senior country director for Benin, Ghana, Liberia, Sierra Leone and Togo, according to a press release issued Monday by the IFC.

Jacobs, a US national, joined IFC in 2003 and has worked in Central Asia, the Middle East and the Pacific Islands.

He will work from Hanoi, prioritizing increasing funding for local businesses, developing renewable energy and promoting climate-smart initiatives to support countries’ climate agenda.

“It is essential to help [Mekong] countries fuel their future growth in a sustainable way so that economic development does not come at the expense of the environment,” he said.

IFC, a member of the World Bank Group, operates in more than 100 countries. It committed $31.5 billion to private companies and financial institutions in developing countries in the last fiscal year.

Its investments in Vietnam have steadily increased over the past five years, with a focus on infrastructure, renewable energy and agribusiness, as well as facilitating innovative and climate-smart initiatives. .

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