MOMINA AIJAZUDDIN is IFC’s Senior Industry Manager, Financial Institutions Group, MCT (Middle East, Central Asia, Turkey, Pakistan & Afghanistan). She is responsible for the IFC’s financial institutions group program for the MCT region which involves supervising a team of fifty covering investment, upstream and advisory engagements with a portfolio of US$3.3 billion and annual commitments of over US$1 billion.
She was previously responsible as the global lead for IFC’s MSME investment and advisory activities globally, which exceeds cumulative investments of US$6 billion worldwide with over 300 MSME related players, in addition to advisory services worth $63.7 million in 68 projects across 30 countries. This included oversight of the work in Responsible Forum (which IFC manages for the GPFI/ G20), institutional transformation, risk management and product development – to better enable financial sector providers to provide diverse and reliable products and services to suit their clients’ needs. She led IFC’s efforts to scale up private sector commitments with strategic partners in the digital finance, microfinance and fintech space committed to achieving the World Bank Group’s Universal Financial Access by 2020. She was also a core member of the drafting team for the G20 Digital Financial Inclusion Principles.
Momina brings over two decades of investment transaction experience in financial services, microfinance and manufacturing sectors in over 70 countries across Africa, Asia, Eastern Europe, MENA and LAC regions. Her technical expertise includes setting up greenfield MFIs in MENA and Asia, transforming institutions to become regulated banks and engaging with policymakers and industry players. She has spent the last few years heavily engaged with IFC’s financial inclusion efforts in China with leading banks and fintech players and handled key relationships with Mastercard, Ant Financial as well as leading MSME banks around the world.
Momina currently serves on the Microfinance Enhancement Facility Board (MEF), a US$650 million debt fund, launched by IFC and KFW and other private partners. Her experience prior to joining IFC includes work in the banking sector. Momina holds a Master’s degree in Economics with Distinction from the London School of Economics.