IFC's Nina Shapiro: Passion for EM
The IFC’s popular treasurer is forced by internal rules to step down. But the irrepressible Nina Shapiro has no intention of quitting emerging markets.
by James Crombie
After more than 30 years at the World Bank, the IFCs no-nonsense treasurer Nina Shapiro is still brim full of good ideas. Beloved by colleagues as much for an impressive list of achievement as for her sharp intellect and sense of humor, Shapiro sounds impatient to do more.
"Infrastructure isnt really one investment. It involves two investments with very different risk factors, investors, and timeframes," says Shapiro, seizing on one of her many fixations. "After the construction phase, infrastructure can function more long-term like a utility, and could appeal to the longer term institutional investors," she adds.
According to Shapiro, collaboration with the government is necessary in the first construction stage, to ensure clear...
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