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Cover Photo of Global Financial Development Report 2015 | 2016: Long Term financ
Global Financial Development Report 2015 | 2016: Long-Term Finance
September 14, 2015J1-050

Long-term finance has a fundamental role to play in generating higher growth and welfare. Without it, firms struggles to expand, households underinvest in their health and education, and economies miss out on critical infrastructure investments. The Global Financial Development Report 2015 | 2016 identifies the levers available to policy makers to promote greater access. It builds on the two previous Global Financial Development Reports to provide a nuanced, practical, and evidence-based approach to financial sector policy. 


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    Kaushik Basu

    Chief Economist and Senior Vice President
    Kaushik Basu is Senior Vice President (Development Economics) and Chief Economist of the World Bank. Prior to this, he served as Chief Economic Adviser to the Government of India and is currently on leave from Cornell University where he is Professor of Economics and the C. Marks Professor of International Studies. Mr. Basu is a Fellow of the Econometric Society and received India’s Padma Bhushan award as well as the National Mahalanobis Memorial award. Mr. Basu’s contributions span development economics, welfare economics, industrial organization and game theory.

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    Asli Demirguc-Kunt

    Director of Research, Development Economics
    Asli Demirgüç-Kunt is the Director of Research in the World Bank. After joining the Bank in 1989 as a Young Economist, she has held different positions, including Director of Development Policy, Chief Economist of Financial and Private Sector Development Network, and Senior Research Manager, doing research and advising on financial sector and private sector development issues. She is the lead author of World Bank Policy Research Report 2007, Finance for All? Policies and Pitfalls in Expanding Access. She has also created the World Bank’s Global Financial Development Report and directed the issues on Rethinking the Role of the State in Finance (2013), and Financial Inclusion (2014).

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    Bertrand Badré

    Managing Director and Chief Financial Officer
    As Managing Director and World Bank Group Chief Financial Officer, Bertrand Badré is responsible for the financial and risk management strategies of the World Bank Group and for the institutions that make up the Group. This includes development of new, innovative financial products and services, oversight of the financial reporting, risk management, and mobilization of financial resources in alignment with the Group’s strategy. In addition, Mr. Badré oversees the Information and Technology Solutions Vice Presidency. Mr. Badré currently leads the Group’s activities on Finance for Development and the Global Infrastructure Facility.
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    Mahmoud Mohieldin

    Corporate Secretary and Special Envoy for the President
    Mahmoud Mohieldin is the World Bank's Corporate Secretary and President's Special Envoy on Millennium Development Goals, the Post-2015 process, and financial development. He is also in charge of coordinating the World Bank Group’s efforts to strengthen partnerships with the UN and multilateral development institutions.
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    Peer Stein

    Director, Finance & Markets
    Peer Stein is Director in the Finance and Markets Global Practice of the World Bank Group, a position he assumed in July 2014. In this role, he is responsible for the global solutions of the Practice’s financial, advisory, and convening services, including financial sector reform and policy, financial infrastructure and access, and finance for development. Before that, Peer was responsible for IFC’s Access to Finance Advisory Business Line, a position he has held since 2009.
Event Details
  • Date: September 14, 2015
  • Time: 1:00 - 2:30 PM
  • Location: Washington, DC, World Bank Headquarters, Room J1-050
  • Webstreaming: World Bank Live
  • CONTACT: Tourya Tourougui
  • ttourougui@worldbank.org