Holtmann IFC’s new country manager

The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Martin Holtmann as the new country manager for Bangladesh, Bhutan and Nepal.

Based in 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.

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 a six-year term, a press release said.

Holtmann, a German national, joined the IFC in 2007.

He worked as a lead financial specialist at the Consultative Group to Assist the Poor in the World Bank, and as managing director of a consulting firm in the private sector before joining the IFC.

"Martin's background experience will be invaluable as the IFC deepens its work in Bangladesh, Bhutan and Nepal," said Hector Gomez Ang, regional director for South Asia at the IFC.

"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," said Holtmann.