Home » Banking & Finance » WB appoints new Vice President for East Asia and Pacific

World BaWB appoints new Vice President for East Asia and Pacificnk Group (WB) President Jim Yong Kim has appointed Axel van Trotsenburg the WB’s new Vice President for East Asia and Pacific, effective February 1.

Trotsenburg will lead the Bank’s advisory services and lending operations in a dynamic region which now accounts for 40 percent of global growth.

“I am excited to join the team serving East Asia and the Pacific, a region leading the global economy in growth and poverty reduction, with an increasing need for innovation and knowledge,” he said.

He pledged to work closely with regional countries to help deliver practical development solutions and create opportunities for all.

It is expected that Trotsenburg will bring his extensive global development experience to the position to improve the lives of the poor in countries at all stages of development.

Most recently, as Vice President for Concessional Finance and Global Partnerships, he led negotiations for the last resources replenishment of the International Development Association (IDA). The IDA has raised a record US$49.3 billion for the world’s poorest countries over the three-year period ending June 30, 2014.

As Vice President for East Asia and the Pacific, Trotsenburg will manage a US$31.8 billion portfolio for the International Bank for Reconstruction and Development (IBRD) as well as the IDA. Anticipated lending for the 2013 financial year is US$5.8 billion.

(VOV)

No comments yet... Be the first to leave a reply!