The International Finance Corporation (IFC) has announced the appointment of Wendy Werner as the new Country Manager for the Maldives. Werner, based in New Delhi, will lead IFC’s strategy to promote private sector-led development and sustainable, inclusive growth in the Maldives.
In addition to her new role, Werner serves as IFC’s Country Head for India, bringing over 20 years of experience in private sector development with a focus on maximising development impact. A US national, Werner joined IFC in 2003 and has worked extensively across South Asia, East Asia, Central Asia, and Europe.
During her tenure as Country Head for India, IFC achieved record investment commitments for two consecutive years and established innovative partnerships supporting MSMEs and new sectors such as electric vehicles. Her previous role as Country Manager for Bangladesh, Bhutan, and Nepal saw a significant expansion of IFC’s portfolio, with a diversified pipeline of projects through investment and advisory services. Werner began her career in the energy sector and has collaborated with governments across Asia to enhance investment climates and encourage strategic private investment.
“Private sector-led growth is crucial for the Maldives’ development. IFC aims to unlock this potential through strategic investments that drive economic transformation. With Wendy’s regional and multi-sectoral experience, I am confident IFC will continue to play a pivotal role in helping achieve sustainable, resilient, and inclusive growth in the Maldives,” said Imad N. Fakhoury, IFC Regional Director for South Asia.
Since 1983, IFC has supported the private sector in the Maldives with over $200 million in investments. IFC’s strategy for the country focuses on three pillars: sustainability, inclusion, and connectivity. These pillars guide IFC’s efforts to promote inclusive and sustainable growth, particularly in tourism, food security, gender equality, infrastructure, and climate-smart solutions.
Commenting on her new role, Werner stated, “The Maldives has immense potential for private sector-led growth. As the Country Manager for IFC in the Maldives, I look forward to strengthening our partnerships to amplify IFC’s support in delivering impactful solutions. From strengthening climate-resilient and digital infrastructure to fostering social inclusion, we will continue to push for stronger private sector-led growth, creating more and better opportunities for all.”
Werner’s appointment is expected to bolster IFC’s commitment to fostering economic development in the Maldives, driving forward initiatives that ensure long-term, inclusive prosperity for the nation.
