IFC Appoints David Tinel as New Country Manager for the Maghreb

Washington D.C., June 28, 2024 - IFC has appointed David Tinel as its new Country Manager for the Maghreb. In his new role, Tinel will drive IFC's strategy across the region to spur resilient, inclusive, and sustainable private sector growth and job creation. Tinel brings more than 25 years of international experience in project finance and investment banking, both in the private sector and at IFC.

Tinel will be based in Rabat and will lead IFC's efforts to promote private sector reforms and catalyze market development through innovation in Algeria, Libya, Morocco, and Tunisia. He will also manage key relationships with clients, partners, and governments.

Tinel, a French national with extensive development experience in Latin America, the United States, and Europe, most recently served as Advisor to IFC's Regional Vice-President for Latin America, the Caribbean, and Europe. His new appointment will take effect July 1, 2024.

"I am thrilled to welcome David onboard as I know that his experience and skills will deepen IFC's impact in the region," said Cheick-Oumar Sylla, IFC Director for North Africa and the Horn of Africa. "David has extensive managerial experience and knows Africa and its strategic sectors well. His leadership will strengthen IFC's work in the Maghreb."

"I'm excited to join the region and particularly to deepen IFC's work across the Maghreb," said Tinel. "My focus will be on working closely with World Bank Group colleagues, development partners, and public and private sector stakeholders in the region, with a focus on infrastructure, climate and agribusiness projects and gender inclusion, and to increase access to finance for small businesses and start-ups."

Tinel joined IFC in 2005 as a senior investment officer. In 2011, he moved to IFC's Infrastructure Africa Department. From 2016 to 2023, Tinel was IFC Country Manager for Argentina, Chile, Paraguay, and Uruguay, based in Buenos Aires. Under his leadership during those years, IFC invested over $5 billion in the subregion.

Prior to joining IFC, Tinel served as Vice President for Leverage and Project Finance at BNP Paribas in Paris and New York from 1998 to 2005. Tinel holds a Master of Science degree from l'Ecole nationale des Ponts et Chaussées in France.

For more than 60 years, IFC has worked with public and private sector partners to support small businesses, manufacturers, agribusinesses, infrastructure, the financial sector, and more in the Maghreb. In the past three fiscal years, IFC has invested and mobilized $1.5 billion in the Maghreb to support sustainable economic development.

About IFC
IFC - a member of the World Bank Group - is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

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