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Lars Thunell: IFC foresees a bigger role in wake of global crisis

By Tom Braithwaite in Washington

Published: June 3 2009 19:20 | Last updated: June 3 2009 19:20

Lars Thunell was in rural Maryland when the world changed. The chief executive of the International Finance Corporation was holding his organisation’s annual strategic retreat last September and swiftly changed the agenda to address the financial crisis.

As part of the World Bank, the Washington-based IFC focuses on loans to the private sector – backing projects in developing countries and working with local and international banks.

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