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Axel van Trotsenburg

Vice President, Latin America and the Caribbean

Axel van Trotsenburg is the World Bank Vice President for Latin America and the Caribbean.

In his current position, he leads relations with 31 countries in the region and oversees a portfolio of ongoing projects, technical assistance and grants worth more than US$30 billion.

From 2016 to January 2019, he served as World Bank Vice President of Development Finance (DFi), where he oversaw strategic mobilization of resources, and was responsible for the replenishment and stewardship of the International Development Association (IDA), the largest source of concessional financing for the world's poorest countries. He has led the policy negotiations and process for two IDA replenishments, which together mobilized a record $125 billion—$50 billion in 2010 for IDA16 and $75 billion in 2016 for IDA18. Under his leadership, for the first time, IDA leveraged its equity by blending donor contributions with internal resources and funds raised through debt markets.

In addition, Axel van Trotsenburg oversaw the International Bank for Reconstruction and Development (IBRD) corporate finances. He co-led the World Bank Group's efforts to obtain a capital increase which resulted in shareholders endorsing a transformative package in April 2018, including an increase of the IBRD capital by $60 billion. He also co-chaired the replenishment negotiations for the Global Environment Facility (GEF) that were successfully concluded in April 2018 and was responsible of a multi-billion-dollar trust fund portfolio.
Apart from his experience in managing World Bank finances, Mr. van Trotsenburg has had extensive experience in country operations and managing regional programs. Prior to his role as Vice President of DFi, he served as Vice President for the East Asia and Pacific Region from 2013 to 2016. From 2009 to 2013, he served as Vice President for Concessional Finance and Global Partnerships.

From July 2007 to July 2009, Mr. van Trotsenburg was Country Director for Colombia and Mexico, and from 2002 to July 2007, Country Director for Argentina, Chile, Paraguay, and Uruguay. From 1996 to 2001, he was the Senior Manager of the Heavily Indebted Poor Countries (HIPC) Initiative, the largest and most comprehensive debt relief program for poor countries, which delivered debt relief packages of close to $30 billion for 20 countries. In the beginning of his career, he worked as Senior Country Economist for Côte d’Ivoire and Economist for Guatemala.

Prior to the Bank, he worked at the OECD in Paris. Mr. van Trotsenburg is both Dutch and Austrian. He holds a master’s and a doctorate degree in economics and a master’s degree in international affairs. He is married and has two children.

 


2016

Hope for The World’s Poorest Springs in Myanmar, July 3, 2016

How the IDA can help countries reduce poverty (with Victoria Kwakwa), June 24, 2016

Malnutrition denies children opportunity and stunts economic development, March 2, 2016

Myanmar’s opportunity: Investing in all its people, February 23, 2016

2015

Cambodia: from poverty reduction to shared prosperity, November 5, 2015

An opportunity for East Asia in plunging oil prices, Feb. 3, 2015

Malaysia: From Developing Nation to Development Partner, January 28, 2015

Tracking Urbanization: How big data can drive policies to make cities work for the poor, January 27, 2015

2014

Building for the Future: Mongolia’s Opportunity, December 11, 2014

Staying the Course on Structural Reforms, December 11, 2014

Improving Export Competitiveness Key to Southeast Asia’s Future Economic Success, December 3, 2014

Philippines: Mindanao's Unique Opportunity for a Just and Lasting Peace, November 10, 2014

Promoting inclusion in Chin State with CDD, May 26, 2014

Economic Development a Triumph of Working People in East Asia Pacific, May 28, 2014

Seizing the future: Energizing Green Cities, March 11, 2014

2013

Global Lessons for Rebuilding Communities after ‘Yolanda’, December 20, 2013

A More Sustainable, Structural, and Equitable Approach to Sharing Mongolia’s Wealth, October 10, 2013

Pacific Islands Facing a Rising Tide, September 3, 2013

A Window of Opportunity to End Extreme Poverty and Boost Shared Prosperity by 2030, July 19, 2013

Laos and World Bank to End Poverty and Build Shared Prosperity, June 12, 2013

Financial Sector Part of Malaysia’s Success, June 4, 2013

Stepping up to Asia and the World, June 1, 2013

Vietnam Needs More High Quality Jobs, May 10, 2013

Six Decades of Partnership and Progress: Indonesia and the World Bank, April 7, 2013

Time to Turn on the Lights in Myanmar (with Karin Finkelston and Michel Wormser), February 6, 2013



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