IFC Announces Matthieu Le Blan as New Resident Representative for Mongolia

Ulaanbaatar, Mongolia, January 21, 2025— IFC, a member of the World Bank Group, has announced the appointment of Matthieu Le Blan as Resident Representative for Mongolia, based in Ulaanbaatar.

Le Blan will focus on coordinating IFC’s program of investment and advisory activities to support economic diversification, job creation and sustainable growth, aligning with the World Bank Group’s strategic priorities in Mongolia.

Le Blan brings over 25 years of experience in private sector and infrastructure development financing across Central Europe, the Caucasus, Central Asia and Mongolia. Prior to joining IFC, he served as Country Representative for Mongolia at the Global Green Growth Institute (GGGI), where he worked on developing solar heating and energy efficiency projects.

“IFC has a strong track record of fostering innovations that address some of Mongolia’s most pressing development challenges,” said Le Blan. “I am excited to collaborate with public and private partners to generate positive development outcomes for the people of Mongolia.”

Since 1997, IFC has invested and mobilized over $5 billion in Mongolia, supporting private sector projects in areas such as sustainable mining, banking, hospitality, services, and finance for Micro, Small and Medium-sized enterprises. IFC has also been expanding its advisory services to the Mongolian government and firms to spur private sector development in key sectors such as livestock, renewables, and the financial industry.

Le Blan held various positions at the European Bank for Reconstruction and Development from 2001 until 2017, including Country Representative for Mongolia between 2013 and 2017, then was Board Director of the largest Wind Farm of the country. Prior to joining GGGI, he worked in UNOPS as Senior Partnerships Advisor for Central Asia.

Le Blan holds a master’s degree in economy and public management from Sciences-Po Paris.