IFC head outlines Philippines investment strategy

As the World Bank''s investment arm into the private sector, the International Finance Corporation recently earmarked a substantial $125 million for the Philippines. Country manager, Vipul C. Prakash, reveals the details of this investment.

Vipul C. Prakash, 40, is country manager for the International Finance Corporation IFC based in Manila, a position he has held since February 1997. During his tenure, IFC has made over 15 investments in the Philippines, including IFC's first investment in e-commerce, information technology, LPG distribution and healthcare. In the same period, IFC's Philippine portfolio has grown from about $500 million to $800 million and is now the IFC's ninth largest country exposure.

As country manager, Prakash also represents IFC on the boards of several companies engaged in venture capital, manufacturing and power generation, and is responsible for coordinating the World Bank Group's efforts in creating an enabling environment for Private...

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