Fri | Sep 22, 2017

IFC appoints Jamaican as regional head

Published:Friday | September 2, 2016 | 9:00 AM
Judith Green, new head of International Finance Corporation operations in the English-speaking Caribbean.

Chartered Accountant Judith Green, a Jamaican who led the Government's coordination and implementation unit which successfully monitored execution of the various targets under the current International Monetary Fund (IMF) programme, has been appointed head of the International Finance Corporation (IFC) operations in the English-speaking Caribbean.

She is now responsible for coordinating IFC's programme of investments and advisory services in countries such as Belize, Grenada, Guyana, Jamaica, St Lucia, Suriname and Trinidad & Tobago.

In addition, Green, who is based in Kingston, will manage IFC's relationships with regional governments, donors and private-sector stakeholders, according to a release from the corporation last week.

In announcing her appointment, Luc Grillet, IFC's senior manager for Central America and the Caribbean, said Green "brings tremendous professional experience and a deep knowledge of the Caribbean market. Through her leadership, we look forward to continuing our strong track record in the region, serving our clients and providing opportunities where they are needed most".

Green joined IFC, a member of the World Bank Group, in 2011 as a senior investment officer tasked with identifying business opportunities and actively managing portfolio projects in Jamaica.

In 2013, she took service leave to head the Government of Jamaica's coordination and implementation unit, and returned to IFC in April 2016.

"I look forward to working with our long-term partners and forging new relationships, both with the private and public sectors, that support this region's tremendous potential," Green was quoted as saying.

"IFC is deeply committed to working with the region's governments to improve the business environment and increase competitiveness, in addition to making private-sector investments that support inclusive growth and job creation," she said.

"Our expertise in successfully structuring public-private partnerships is also an area in which we can work with governments to support their capital expenditure programmes and asset divestiture plans," Green added.

According to the release, in 2015 IFC clients in the Caribbean supported 29,477 jobs, generated power for five million customers, provided 15,000 people with telephone connections, helped service 1.44 million airport customers, and provided US$81 million in government payments.

As of August 2016, IFC's committed investment portfolio in the Caribbean, including Haiti and the Dominican Republic, stood at nearly US$900 million across a broad range of sectors, including financial markets, infrastructure, information and communications technology, manufacturing and services, and education. This includes about US$200 million mobilised from partnering institutions.

Prior to joining IFC, Green held senior management positions at RBC Royal Bank Jamaica, Citigroup Global Markets Inc, New York and Citibank NA, Jamaica.

IFC is the largest global development institution focused on the private sector in emerging markets.

mcpherse.thompson@gleanerjm.com