WASHINGTON, July 1, 2014 — Gerardo M. Corrochano, a Peruvian expert on international financing, began work yesterday as the new World Bank (WB) Director for Colombia and Mexico. Corrochano will be based out of Mexico City.
“Gerardo will contribute to facilitate high-impact solutions aimed at fulfilling our twin objectives of ending extreme poverty and promoting shared prosperity in Mexico and Colombia,” said Jorge Familiar, World Bank Vice President for Latin America and the Caribbean. “His experience in medium-income countries and his knowledge of the region, particularly both countries, guarantee that he will be able to coordinate a service package that is aligned with the development agendas and distinctive features of each nation.”
Armed with a vast global development experience, Corrochano has held several management positions at the World Bank in the regions of Latin America and the Caribbean, Africa, Europe and Central Asia, as well as in the Finance and Development Sector for the Private Sector.
Recently, he served as Unit Director of Finance and Private Sector for Europe and Central Asia, as well as Director of Innovation, Technology and Entrepreneurship.
An expert in ambitious structural reforms, the new WB Director for Mexico and Colombia supported Poland’s transitional efforts; later on he led the World Bank operational teams that advised the banking, financial and business environment reform processes in Croatia, Ukraine and Serbia.
Corrochano holds a Bachelor of Economics from the Universidad del Pacifico (Peru) and a Master’s Degree in Finance from George Washington University.
Gerardo Corrochano replaces Gloria M. Grandolini, who served as World Bank Director for Colombia and Mexico from September 14, 2009. Gloria was appointed as the new Global Practice Sr. Director for Finance & Markets.