We are most pleased to announce that Mr. Philippe Le Houérou, has
agreed to be the Co-Chair of the Eurasia Meeting of the Emerging Markets Forum.
Philippe Le Houérou was Chief Executive Officer of IFC from
March 2016 to September 2020. During
his tenure at IFC, Mr.
Le Houérou designed and implemented a
new strategy aimed at creating new markets and creating opportunities in
developing countries. This strategy sustainably shifted the organization to
proactively develop private sector solutions to development challenges and work
more closely with the World Bank, other development partners, and governments.
To support this strategy, he
introduced a new development impact measurement system; developed innovative approaches
to attract more private sector investment in the poorest countries; created
country private sector diagnostics and IFC country strategies; launched
“upstream” work that creates bankable projects; and restructured the
organization to strengthen economics, partnerships, corporate alignment between
strategy, budget, and human resources. Shareholders’ strong support of
this strategy and its related reforms, led to their endorsement in 2018 of an
historic capital increase for IFC.
Except for one year in EBRD as Vice
President for Policy and Partnerships in 2015, Mr. Le Houérou has spent much of
his professional career at the World Bank Group (WBG). He joined the WBG
as a Young Professional in 1987, and has held several senior leadership positions
(operational and corporate), including Vice President for South Asia, where he
strengthened the portfolio significantly; Vice President for Europe and
Central Asia (ECA), where he helped manage the global financial crisis;
Vice President of Concessional Finance and Global Partnerships, with
record donors’ contributions to IDA replenishments; and Acting Vice
President and Chief Information Officer. Earlier in his career, he held several
managerial and non-managerial positions, both in HQ and country offices,
including Director of Finance and Resources Mobilization, Sector Manager
for Macro-Fiscal Policy in Africa, Country Manager in Madagascar, Country
Economist for Russia.
Born in Montpellier, France, Mr. Le
Houérou grew up in Africa and Italy and went on to attend the Institut d’Etudes
Politiques de Paris. He holds an MBA from Columbia University and a Ph.D
in Economics from the Institut d’Etudes Politiques de Paris