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IFC Appoints New Director for Environment and Social Development

IFC Appoints New Director for Environment and Social Development

Published 09-25-08

Submitted by International Finance Corporation

WASHINGTON, DC. - September 25, 2008 "“ IFC, a member of the World Bank Group, today appointed Greg Radford as its new Director for Environment and Social Development. Radford is a Canadian national who currently works as Chief Environmental Advisor for Export Development Canada (EDC).

As IFC Environment and Social Development Director, Radford will oversee sustainability issues, including climate change and IFC’s management of environmental and social risks.

"Joining IFC is a unique opportunity to be at the forefront of the financial industry's standards on the environment and social sustainability," said Greg Radford. "I am very excited to become part of a global leader and to help continue IFC’s outstanding reputation by working with other financial institutions, civil society, and the private sector in emerging markets."

In his current position, Radford is responsible for overseeing EDC’s Environmental Review Directive, directing the Environmental Advisory Services team, and providing strategic advice and guidance on environmental matters affecting EDC.

Radford holds a M.Sc., Environmental Science (Environmental Management) degree from the University of Stirling and an undergraduate degree from Mount Allison University.

He will start work for IFC on October 27, 2008.

About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $16.2 billion in fiscal 2008, a 34 percent increase over the previous year. For more information, visit www.ifc.org

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International Finance Corporation

International Finance Corporation

The International Finance Corporation, the private sector arm of the World Bank Group, is the largest multilateral provider of financing for private enterprise in developing countries. IFC finances private sector investments, mobilizes capital in international financial markets, facilitates trade, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments. From its founding in 1956 through FY06, IFC has committed more than $56 billion of its own funds for private sector investments in the developing world and mobilized an additional $25 billion in syndications for 3,531 companies in 140 developing countries. With the support of funding from donors, it has also provided more than $1 billion in technical assistance and advisory services.

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