BEIJING, Dec. 1, 2017 /PRNewswire/ -- IFC, a member of the World Bank Group, appointed Randall Riopelle as Country Manager for China, Korea and Mongolia. Effective today, Riopelle will be responsible for coordinating the investment and advisory programs as well as managing relationships with governments and development partners in the three countries. He will be based in Beijing.
Prior to the appointment, Riopelle was Senior Manager for Debt Portfolio in IFC's Corporate Portfolio Management Department in Washington D.C.
Riopelle joined IFC in 1995 to increase telecom investments in Latin America and Africa. In July 2002, he was appointed Special Assistant to the Vice President Operations. In 2004, he relocated to Beijing to work on manufacturing and services transactions in China and Mongolia. He subsequently became responsible for business development, processing and portfolio supervision for manufacturing and services projects in East Asia and the Pacific region before moving back to Washington D.C. in 2008.
"IFC has a strong track record in fostering successful partnerships that support sustainable and inclusive growth in China, Korea and Mongolia," said Riopelle. "I look forward to returning to the region and working to position IFC as the partner of choice for high-impact projects in the countries, and beyond."
As of June 2017, IFC's committed investment portfolio in China and Mongolia stood at around $4 billion across key sectors such as agribusiness, microfinance, cleantech, infrastructure, healthcare and education. In Korea, IFC is helping financial institutions and companies to expand in emerging markets.
Riopelle, a U.S. national, holds an Undergraduate Degree in finance from The Wharton School at the University of Pennsylvania as well as a JD/MBA from Georgetown University.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use 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