Patrick Avato Named IFC Country Manager for Argentina

The World Bank Group’s private sector arm views Argentina’s natural resources and entrepreneurial landscape as significant drivers for future development. Avato intends to bridge the gap between local businesses and global capital by working closely with financial institutions and public sector partners. His mandate emphasizes strengthening production capacity and improving infrastructure to better integrate the country into global markets.

Beyond large-scale industrial projects, Avato will prioritize expanding financial access for small and medium-sized enterprises. By deepening local capital markets, the IFC aims to provide businesses with a wider array of financing options, ultimately aiming to stimulate job creation. Avato brings over twenty years of experience to the position, having previously served as the IFC manager for infrastructure, energy, and mining in Europe and the Caucasus. His background in mobilizing private capital in emerging markets aligns with the corporation’s goal of making private sector development the cornerstone of its work in Argentina.