World Bank appoints new VP for East Asia and Pacific

ABS-CBN News

Posted at Feb 01 2013 01:10 PM | Updated as of Feb 01 2013 09:10 PM

Axel van Trotsenburg
MANILA, Philippines - Axel van Trotsenburg has been appointed as the World Bank's new vice president for East Asia and Pacific region, effective February 1.

Van Trotsenburg will lead the Bank’s advisory services and lending operations in a dynamic region which now accounts for 40% 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," said van Trotsenburg.

"We will continue working closely with countries in the region to help deliver practical development solutions and create opportunities for all.”

Van Trotsenburg, who is Dutch and Austrian, was Vice President for Concessional Finance and Global Partnerships. He was also Country Director for Mexico and Colombia, as well as Argentina, Chile, Paraguay and Uruguay.

The World Bank said van Trotsenburg assumes the post at a critical time for the region, which has been resilient but faces many challenges amid a weak global economic environment. The region also faces the threat of natural disasters and climate change.

As Vice President for East Asia and Pacific, Mr. van Trotsenburg will manage a $ 31.8 billion portfolio for the International Bank for Reconstruction and Development and the International Development Association. Anticipated lending for the 2013 financial year is $ 5.8 billion.

He takes over from former East Asia and Pacific Vice President, Pamela Cox, who has been appointed World Bank Senior Vice President for Change Management.