Jorge Familiar, a Mexican national, is the Vice President of the World Bank for Latin America and the Caribbean since May 1, 2014. He is the first Latin American to be appointed to that position in the last 30 years.
Eradicating extreme poverty and promoting shared prosperity through the creation of opportunities for all Latin Americans are at the core of his vision for the Region.
As Vice President and Corporate Secretary of the World Bank Group since August 2010, Familiar played a key role in facilitating and promoting cooperation and dialogue between the Board of Governors, Boards of Executive Directors and Management of the World Bank Group institutions in the adoption of the new strategy for the eradication of extreme poverty globally by 2030.
He has also promoted the modernization of the institution in terms of delivering services adapted to the needs of its clients, including innovative financial services, knowledge products and integrated solutions to respond to development challenges.
Familiar leads relations with 31 Latin American and Caribbean countries through a portfolio of ongoing projects, technical assistance and grants worth more than US$30 billion. Traditionally, the Region has represented slightly above 30 percent of the International Bank for Reconstruction and Development’s (IBRD) —the Group window for middle -income countries— total lending portfolio.
Previously, Familiar devoted his efforts to financial inclusion as Chief Executive Officer of Mexico’s Instituto del Fondo Nacional para el Consumo de los Trabajadores (Instituto FONACOT), a public financial institution with more than one million clients and a loan portfolio of more than US$1 billion, which grants consumer loans to workers, guarantees their access to finance and fosters financial literacy.
Between 2004 and 2008 he served as Executive Director and Alternate Executive Director for the World Bank Group in Washington, DC, having been elected to represent Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain and Venezuela at the Boards of Executive Directors of the IBRD, the International Finance Corporation, the International Development Association and the Multilateral Investment Guarantee Agency.
He started his career in the National Banking and Securities Commission of Mexico (CNBV, in Spanish), where, having held several positions, became Vice-chairman of Securities and Derivatives Markets Supervision and served as a member of the Governing Board in that entity. He was in charge of designing, negotiating and implementing several regulatory instruments such as the Securities Market Law, issued by Congress in 2005, as well as the Investment Fund Law issued by Congress in 2001.
He was a member of the Committee of Best Practices of Corporate Governance of Mexico’s Business Coordinating Council (CCE) and the Accounting Principles Commission of the Mexican Institute of Public Accountants.
Familiar also lectured on finance at the Instituto Tecnológico Autónomo de México (ITAM) and was a member of the Advisory Board of the Accounting and Strategic Finance Program at the same university. He holds a bachelor’s degree in accounting and a master’s degree in finance from ITAM, where he graduated with honors.