Washington, DC, May 2, 2018 — IFC, a
member of the World Bank Group, today announced the appointment of Gabriel
Goldschmidt as Director for Latin America and the Caribbean. Goldschmidt
will oversee IFC’s operations in the region, with a focus on strategic
priorities like promoting innovation through technology, tackling climate
change, developing capital markets, and supporting infrastructure. He heads
investment and advisory services across 27 countries, where IFC has an
active investment portfolio of $18 billion and advisory programs worth
$125 million. IFC staff focusing on Latin American and the Caribbean is
based in 13 regional offices, in addition to Washington, DC.
“Gabriel brings a wealth of experience and a passion for impactful projects,”
said Georgina Baker, IFC’s Vice President for Latin America and the Caribbean,
Europe and Central Asia. “With his leadership, we will continue to mobilize
the power of the private sector to help address the region’s most pressing
After years of economic slowdown and recession, growth in Latin America
and the Caribbean is expected to accelerate to 2 percent in 2018 and to
2.6 percent in 2019. However, the region remains one of the most
unequal in the world, with increasing demands for better services, jobs,
education and financial inclusion. Today, one in four people in the region
live under the poverty line.
“At a time of constrained public resources, IFC helps mobilize private
capital for development in ways that promote growth for all,” said Goldschmidt.
“I’m honored to lead a team of dedicated professionals who strive every
day to make a difference. Together with our partners, we are helping to
create jobs, improve productivity and spark innovation in order to provide
An Argentine national, Goldschmidt joined IFC in 1993 as an Investment
Officer. Over his distinguished career, Goldschmidt led investment and
advisory activities globally. Over the last 15 years, he focused on expanding
IFC’s support for infrastructure in Latin America and the Caribbean based
in Brazil and in Washington, DC. Before being named Director for
Latin America and the Caribbean, he served as head of infrastructure for
the region, overseeing strategy, investments and asset management across
a range of sectors, including transport infrastructure and services, power
-with a large emphasis on renewable power-, as well as water and waste.
In addition, Goldschmidt also led climate friendly solutions for cities
and subnational states, an area of particular relevance given that Latin
America has more than 75% of its population living in cities. One
in eight people living in Latin America and Caribbean benefit from infrastructure
projects supported by IFC.
Prior to joining IFC, Goldschmidt was Deputy Treasurer at Banque La Henin,
a real estate specialized bank in Paris, France. He holds a CPA from the
University of Buenos Aires, a Masters in Economics from the University
of Paris and an MBA from the Wharton School, at the University of Pennsylvania.
During fiscal year 2017, IFC commitments in Latin America and the Caribbean
accounted for 23 percent of total global commitments – the largest share
of any region. IFC provided $5.3 billion to 76 projects in Latin America
and the Caribbean during that time, including $2.6 billion mobilized from
development partners. This represents a 70 percent increase in commitments
to the region since 2012.
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. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY17, we 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.
For more information, visit www.ifc.org