Axel van Trotsenburg

World Bank Vice President for Latin America and the Caribbean and World Bank acting CEO

Axel van Trotsenburg is the World Bank Vice President for Latin America and the Caribbean. Since September 2, 2019, he is World Bank acting CEO.

In his current position as VP, 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.



Bretton Woods: 75 Years of Solidarity with Latin America and the Caribbean, July 12

Solidarity Is Key to Lifting Up the Most Vulnerable in Latin America and the Caribbean, June 20

Guatemala Steps Up Fight against Malnutrition, May 20

Working Together to Speed Up Recovery in Sint Maarten, May 16

Jamaica has made an "extraordinary" economic turnaround, May 14

Facing an Unprecedented Migration Crisis in Latin America and the Caribbean, March 29

The Time Is Now to Guarantee Gender Equality, Mach 8


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

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

Malnutrition denies children opportunity and stunts economic development, March 2

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


Cambodia: from poverty reduction to shared prosperity, November 5

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

Malaysia: From Developing Nation to Development Partner, January 28

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


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

Staying the Course on Structural Reforms, December 11

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

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

Promoting inclusion in Chin State with CDD, May 26

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

Seizing the future: Energizing Green Cities, March 11


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

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

Pacific Islands Facing a Rising Tide, September 3

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

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

Financial Sector Part of Malaysia’s Success, June 4

Stepping up to Asia and the World, June 1

Vietnam Needs More High Quality Jobs, May 10

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

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