Samuel Munzele Maimbo is Vice President for Budget, Performance Review, and Strategic Planning since July 1, 2023. In this role, Mr. Maimbo oversees the World Bank's annual Program Budget and All Funds ̶ including the administrative budget for Bank Budget (BB) funds, Trust Funds, and Reimbursable Funds, ensuring resources are aligned with the institution’s strategic priorities, financial sustainability objectives, efficiency targets and business needs. He also serves as the top advisor to the World Bank’s senior management team on resource management allocation, leads the financial planning and performance review process for the institution’s multi-year Strategy and Business Outlook, and ensures the institution operates within budget.
A Zambian national, Mr. Maimbo has nearly thirty years of experience in development, financial markets, resource mobilization and strategic planning.
Prior to his current position, he served as the Chief of Staff to World Bank Presidents. He also served as the Director of the International Development Association (IDA) Resource Mobilization and International Bank for Reconstruction and Development (IBRD) Corporate Finance department for just over two years, where he was responsible for the implementation of IDA’s hybrid financial model and the policy analysis of IBRD income and corporate finance. In this role, he oversaw the successful IDA20 replenishment one year early, with a record amount of $93 billion.
In the past 23 years at the World Bank, Mr. Maimbo has held several positions, including Senior Advisor in the Office of the Managing Director and Chief Financial Officer. He has also worked on a diverse range of operations and countries in the Bank’s Finance, Competitiveness and Innovations (FCI) Global Practice, including as Practice Manager for Strategy and Operations; and Practice Manager for Long-Term Finance & Risk Management supporting the Agriculture Finance & Insurance, Capital Market Development, Disaster Risk Finance, Housing Finance, Infrastructure Finance, Pensions & Insurance, and Climate Finance programs. He also served as Financial Sector Specialist in three regions, including South Asia, sub-Saharan Africa, and Europe and Central Asia. Mr. Maimbo’s World Bank career began in 2001 in the institution’s Young Professionals Program, serving in strategic roles with increasing responsibility.
Prior to joining the World Bank, Mr. Maimbo held the position of Bank Inspector at the Bank of Zambia and Auditor at PricewaterhouseCoopers (PWC). Mr. Maimbo holds a Ph.D. in Public Administration (Banking) from the University of Manchester, an MBA in Finance from the University of Nottingham, a BSc. in Accounting from Copperbelt University, Zambia, and is a Fellow Chartered Certified Accountant (FCCA, UK).