Last updated: 11:52 / Tuesday, 2 April 2013
Member of the World Bank Group

IFC Names Jean Philippe Prosper VP for Sub-Saharan Africa and Latin America and the Caribbean

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IFC Names Jean Philippe Prosper VP for Sub-Saharan Africa and Latin America and the Caribbean

IFC, a member of the World Bank Group, announced the appointment of Jean Philippe Prosper to Vice President of Sub-Saharan Africa and Latin America and the Caribbean. He will be based in Johannesburg after a short transition.

In his new position, Prosper will oversee IFC’s Investment and Advisory Services operations in 79 countries, where IFC has a combined investment portfolio of $17 billion and Advisory Services programs worth $286 million across the two regions.

“Our focus in Latin America and the Caribbean is to promote inclusive economic growth, regional integration, innovation to improve competitiveness and climate change mitigation," 

Prosper said, “Our activities in Sub-Saharan Africa and Latin America and the Caribbean are critical to IFC’s global business and we will build on our success in these regions to have a more significant impact on poverty elimination through private sector development.”

Prosper said: “In Africa IFC is a major regional investor. We will further grow our Investment and Advisory Services, especially in fragile and conflict affected states and through regional and national projects that have potential to positively transform development in Africa.” During its 2012 fiscal year, IFC’s investments grew 44 percent to $4 billion and saw major inroads in its priority sectors of infrastructure and agribusiness. Nearly all of IFC’s 123 Advisory Services programs worth $204 million in Sub-Saharan Africa were carried out in the region’s poorest countries and more than a quarter of it in fragile and conflict-affected states. IFC executes its business in Sub-Saharan Africa from 21 offices.

“Our focus in Latin America and the Caribbean is to promote inclusive economic growth, regional integration, innovation to improve competitiveness and climate change mitigation," Prosper said. The LAC region accounts for the largest share of IFC global commitments—24 percent in fiscal year 2012, with $5 billion in financing for 134 new private sector projects. Through its Advisory Services IFC executed 79 projects worth $82 million at the end of the last fiscal year. IFC carries out its business in LAC from 16 offices.

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Previo a esta designación, Prosper se desempeñó como director de IFC para América Latina y el Caribe. Entre julio de 2008 y agosto de 2012, fue director para África oriental y meridional y codirector del Departamento de África. Bajo su mandato, las inversiones de IFC en esa región aumentaron de 140 millones de dólares (2003) a 4.000 millones de dólares (2012).

Prosper fue distinguido por sus habilidades de liderazgo en IFC. Además, recibió el Premio al Liderazgo en Diversidad e Inclusión en 2010 y el Premio a la Buena Gestión en 2011, dos de las distinciones de mayor prestigio que otorga el Grupo del Banco Mundial.

Antes de sumarse a IFC, Prosper se desempeñó como coordinador regional de proyectos para México, la Región Andina, América Central y Panamá de la Corporación Interamericana de Inversiones del Banco Interamericano de Desarrollo. Entre 1986 y 1990, trabajó en SOFIHDES, una empresa privada de financiamiento para el desarrollo en Haití, donde alcanzó el cargo de director gerente. Durante ese período, fue profesor de matemáticas, estadística y finanzas de gestión y corporativas en la Universidad Estatal de Haití. A principios de la década de 1980, trabajó como asesor del ministro de Asuntos Financieros, Económicos e Industriales de Haití.

Posee un título en matemáticas e ingeniería civil y una Maestría en Administración de Empresas, es ciudadano de Haití y tiene un dominio fluido del criollo haitiano, inglés, francés, portugués y español, así como conocimientos básicos de kiswahili.

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