Ceyla Pazarbasioglu is Vice President for Equitable Growth, Finance and Institutions (EFI) at the World Bank Group (WBG) since October 1, 2018.
In this role, Ceyla provides strategic leadership to the best expertise from around the World Bank and International Finance Corporation (IFC) to help low- and middle-income countries build the foundations for inclusive and sustainable growth and, thereby, make progress towards achieving the World Bank Group’s twin goals of reducing poverty and boosting shared prosperity. She oversees a portfolio of nearly $30 billion of operational and policy work and advisory engagements in the WBG Global Practices of Finance, Competitiveness and Innovation; Macroeconomics, Trade and Investment; Governance; and Poverty and Equity.
These four Global Practices under Ceyla’s responsibility work on developing solutions to some of the most complex challenges facing WBG clients, including:
· achieving inclusive growth;
· enabling reforms to mobilize private investment, to create jobs and economic transformation, and to improve connectivity to markets through trade facilitation and integration;
· promoting access to finance and developing stable and deep financial markets;
· improving financial resilience against natural disasters;
· strengthening capacity to manage debt and tax revenue generation; and
· building effective and accountable institutions to tackle corruption.
Ceyla has overall management of over 2,200 staff in 138 countries, including 30 fragile and conflict-affected states.
Prior to her assignment as Vice President, Ceyla was Senior Director of the Finance, Competitiveness and Innovation Global Practice. In this capacity, she provided leadership for advancing the WBG’s development goals, with a focus on firm capabilities and innovation, private-sector led growth, creating markets, financial sector stability, financial inclusion, and long-term finance and risk management.
Ceyla joined the WBG in July 2015 from the International Monetary Fund (IMF), where she was Deputy Director in the Monetary and Capital Markets Department, in charge of the work on financial sector regulation and supervision and crisis management. Before joining the IMF, she was Vice President of the Banking Regulation and Supervision Agency of Turkey, a post she was appointed to after Turkey’s major banking crisis of February 2001. Prior to that, she worked as Chief Economist of Emerging European Markets at ABN AMRO Investment Bank in London.
Ceyla sits on the board of several multinational institutions, including the Financial Stability Board (FSB) where she is also a member of the standing committees on Assessment of Vulnerabilities and Standards Implementation, and the Toronto Centre. She holds a PhD in economics from Georgetown University, USA.