The International Finance Corporation (IFC) has named Neil McKain as the new Country Manager for Uzbekistan and Turkmenistan. In this role, McKain will take the lead in executing IFC's strategy to stimulate private sector development and promote sustainable, inclusive economic growth in these countries, IFC reported.
Based in Tashkent, Uzbekistan, McKain's responsibilities will encompass expanding IFC's investment and advisory programs, managing their implementation across various sectors, and nurturing crucial relationships with clients, partners, and governments.
Neil McKain, a British national, brings over two decades of experience in private sector development to his new position. He previously served as Adviser to the Vice President, Banking, at the European Bank for Reconstruction and Development (EBRD). His tenure with EBRD also included serving as the regional head for the Kyrgyz Republic, Tajikistan, and Turkmenistan, with 14 years of senior positions in the Caspian Basin and Central Asia.
Wiebke Schloemer, IFC Director for Türkiye and Central Asia, expressed her confidence in McKain's ability to contribute to the organization's growth, emphasizing his technical expertise and regional knowledge. She believes he will be instrumental in expanding IFC's influence, fostering new partnerships, and building a solid foundation for a dynamic and inclusive private sector.
Neil McKain himself underscored the importance of increased private sector investment in Uzbekistan and Turkmenistan, aiming to support their economic diversification and maximize their potential. He is eager to collaborate with partners in these countries to enhance IFC's impact through private sector-led solutions.
Before joining EBRD in 1998, McKain initiated his professional career with A.T. Kearney in Russia, specializing in post-privatization restructuring. He holds an MBA from the University of Cambridge and an MA in Political Science from the University of Aberdeen.
Neil McKain officially assumed his new role on October 2.
About IFC
The International Finance Corporation (IFC), a member of the World Bank Group, is the world's largest global development institution dedicated to the private sector in emerging markets. Operating in over 100 countries, IFC utilizes its capital, expertise, and influence to create markets and opportunities in developing nations. In fiscal year 2023, IFC made a record commitment of $43.7bn to private companies and financial institutions in developing countries, harnessing the potential of the private sector to alleviate extreme poverty and enhance shared prosperity amid the compounding global crises' impacts.
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