Jorge Familiar, a Mexican national, is Vice President for Finance and World Bank Group Controller since February 2019. In this role, Mr. Familiar has oversight over all aspect of financial operations, financial reporting, and internal control framework for the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the extensive Trust Fund/Joint Venture portfolio of these entities. He also leads the client service function for the World Bank Group accounting and business services and trust funds.
Prior to this position, Mr. Familiar served as Vice President of the World Bank for Latin America and the Caribbean Region from 2014 to 2019. As the first Latin American to lead the region in the last 30 years, he was responsible for the World Bank’s engagement and operations with 31 countries, managing a portfolio of active projects of more than US$30 billion. In this role, he focused on strengthening the region’s economic recovery, supporting the productivity and human capital agendas, and the protection of the excluded and most vulnerable populations.
Previously Mr. Familiar was Vice President and Corporate Secretary of the World Bank Group, where he ensured the integrity of the governance framework and promoted cooperation and dialogue between the Board of Governors, Boards of Executive Directors and Management of the World Bank Group institutions.
Between 2008 and 2010, he devoted his efforts to financial inclusion serving as Chief Executive Officer of Mexico’s Instituto FONACOT, a public financial institution with more than one million clients and a loan portfolio of more than US$1 billion. In this role, Familiar provided strategic leadership to the organization and helped restore it to profitability during the global financial crisis.
Between 2004 to 2008, he was Executive Director and Alternate Executive Director for Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain and Venezuela at the Boards of Executive Directors of the World Bank Group institutions.
Mr. Familiar started his career at the National Banking and Securities Commission of Mexico (CNBV, in Spanish), where, having held several positions, he became Vice-chairman of Securities and Derivatives Markets Supervision and served as a member of the Governing Board of the institution. He led the design, negotiation and implementation of 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 and the Accounting Principles Commission of the Mexican Institute of Public Accountants. He 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.
Mr. Familiar holds a bachelor’s degree in accounting and a master’s degree in finance from ITAM, where he graduated with honors.