April 1, 2006
Lars ThunellUnder a cool demeanor, Lars Thunell, the International Finance Corporation's (IFC) new executive vice president, is an intensely pragmatic man. In tapping this soft-spoken Swede, the private sector arm of the World Bank hopes to continue streamlining what is essentially a quasi-governmental development bank.
Like his predecessor, Peter Woicke, Thunell has spent most of his career at private banks. During Sweden's financial crisis in the 1990s, Thunell turned around two financial institutions, earning himself a reputation as a problem-solver. "I feel I have been training all my life for this job," Thunell asserts, ticking off a list of financial jobs he's held ar
Swedish-born businessman Lars Thunell shares his vision for the IFC as it moves into its sixth decade of financing the private sector in developing countries.