DHAKA, March 6, 2022 (BSS) - The International Finance Corporation (IFC) has

appointed Martin Holtmann as the new Country Manager for Bangladesh, Bhutan,
and Nepal.

Apart from Dhaka, Holtmann will focus on developing new opportunities for
private sector investments and increasing IFC's impact investments as the
region recovers from the impacts of COVID-19.

Holtmann, a German national, joined IFC in 2007. Prior to his appointment,
Holtmann was Global Sector Manager for Financial Inclusion, helping IFC to
reach millions of micro, small and medium sized enterprises (MSMEs) with
traditional and digital financial services and strengthen more than 200
partner institutions through investment and advisory support, said a press
release.
 
"Martin's background experience will be invaluable as IFC deepens its work in
Bangladesh, Bhutan and Nepal," said Hector Gomez Ang, IFC's Regional Director
for South Asia.

 "This is a time of new challenges and opportunities and I am confident
Martin will be successful in leading IFC's efforts to strengthen and
diversify its work in the three countries in support of a green and resilient
recovery." added Gomez.

Holtmann will work to promote IFC's impact on climate, gender, and green
growth, as well as build country portfolios and diversify investments in the
private sector.

Some key sectors for future investment opportunities in the region include
transport and logistics, clean energy, financial services, tourism,
agribusiness, healthcare, and housing.
 
Commenting on his new role, Holtmann said, "I am very pleased to be working
in Bangladesh, Nepal and Bhutan. These countries have shown remarkable
resilience in the face of strong economic headwinds and fiscal pressures and
I look forward to redoubling IFC efforts to create markets and promote
sustainable development."

Holtmann is a graduate of the Lester B. Pearson United World College of the
Pacific, Canada and holds two master's degrees in Economics from Trier
University, Germany and in Public Administration from Harvard University,
United States.

He succeeds Wendy Werner, who has taken on a new role as IFC's Country Head
in India, after successfully serving as the Bangladesh, Bhutan and Nepal
Country Manager for six years.

Before joining IFC, Holtmann worked as Lead Financial Specialist at the
Consultative Group to Assist the Poor (CGAP) in the World Bank, and as
managing director of a consulting firm in the private sector. He is also one
of the core authors of the 2022 World Development Report, "Financing for an
Equitable Recovery".