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. IFC works with more than 2,000 businesses worldwide, using its capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, IFC delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. On the occasion of the forthcoming visit by Philippe Le Houérou, IFC’s Chief Executive Officer (CEO), a special lecture was co-hosted by the National Graduate Institute for Policy Studies (GRIPS) and the World Bank Group.
President, National Graduate Institute for Policy Studies (GRIPS)
Philippe Le Houérou
Chief Executive Officer, International Finance Corporation (IFC)
Senior Communications Officer, Tokyo Office, World Bank
Philippe Le Houérou is Chief Executive Officer of IFC. Since joining IFC in March 2016, Mr. Le Houérou has led the organization’s efforts to create new markets in developing countries and redefine development finance by promoting initiatives and reforms that unlock billions of dollars in additional private sector investment.
Mr. Le Houérou previously held leadership positions at the World Bank and the European Bank for Reconstruction and Development. As the World Bank’s Regional Vice President for South Asia from 2013 to 2015, he designed a new regional strategy, restructured the Bank’s regional portfolio, and more than doubled new lending. Earlier, he was Regional Vice President for Europe and Central Asia, where he led the Bank’s effort to mitigate the global economic crisis’s impact on the region.
Mr. Le Houérou has held a number of other key positions at the Bank, including Vice President of Concessional Finance and Global Partnerships; Acting Vice President and Chief Information Officer; Director of Finance and Resource Mobilization; Macro-Fiscal Sector Manager; and Resident Representative in Madagascar.
Prior to his arrival at IFC, Mr. Le Houérou was Vice President for Policy & Partnerships at the European Bank for Reconstruction and Development. He holds an MBA from Columbia University and a Ph.D in Economics from the Institut d'Etudes Politiques de Paris.