Sarvesh Suri has been named the new Regional Industry Director for Infrastructure and Natural Resources in Africa by the IFC. Suri, who has more than 20 years of global investment and development experience, will lead IFC’s effort to connect more African people and businesses to sustainable infrastructure.
Suri will manage the IFC’s Infrastructure and Natural Resources investment team across Africa, developing and implementing power, water, telecommunications, transportation, and other infrastructure projects with governmental and private sector partners, extending the reach of key services. He will be stationed in Johannesburg and will start his new job on November 15.
“I am delighted to welcome Sarvesh to his new position. I am confident that his experience delivering on essential areas of work across the World Bank Group will enable him to expand IFC’s business and influence in Africa, as well as help, eliminate the continent’s critical infrastructure deficit “Sérgio Pimenta, IFC Vice President for Africa, stated
“It is critical for Africa to increase access to renewable energy, close the connectivity gap through efficient transportation and digital technologies, and make cities more inclusive and resilient as urbanization proceeds. I am delighted to collaborate with the regional team to connect more people to critical services “Suri stated.
Suri, an Indian national, most recently worked as the Director for Climate, Energy, Extractives, Capital, and Financial Markets Operations at the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA). During his tenure, MIGA’s business and impact expanded significantly, with a portfolio of more than $24 billion, including particular growth in climate finance and work in fragile and conflict-affected countries.
Suri previously spent 15 years with IFC in a variety of leadership positions, including Senior Regional Manager for Indonesia, Malaysia, and Thailand. He has a Post-Graduate Diploma in Business Management from the Indian Institute of Management in Ahmedabad, as well as a Bachelor of Mechanical Engineering from Delhi University.
IFC now maintains a $3.5 billion investment portfolio in Africa across infrastructure and natural resources, and it is expanding its portfolio in critical areas such as renewable energy, digital infrastructure, and transportation.