IFC head outlines Philippines investment strategy

Vipul C. Prakash, 40, is country manager for the International Finance Corporation (IFC) based in Manila, a position he has held since February 1997. During his tenure, IFC has made over 15 investments in the Philippines, including IFC's first investment in e-commerce, information technology, LPG distribution and healthcare. In the same period, IFC's Philippine portfolio has grown from about $500 million to $800 million and is now the IFC's ninth largest country exposure.