The following is a statement by the World Bank Group President Jim Yong Kim
WASHINGTON, May 6, 2015— Today we announced some important leadership changes at the World Bank Group, which will continue to strengthen our processes and build upon the success and collaboration fostered by our new organizational model.
Delivering strongly for our country and private sector clients in support of our mission remains my exclusive focus. In the ten months since our new model was established delivery is not only on track but is likely to exceed our initial expectations. Lending for IBRD is projected to reach a record level for a non-crisis period and we are on course to achieve the strongest ever first year for IDA during its three-year cycle. Already we are seeing that knowledge and staff have begun to move around the globe more easily. During the Spring Meetings last month, we heard overwhelmingly that our clients appreciate the increased support and knowledge we are delivering on the ground.
This success is the result of impressive work carried out by each institution of the World Bank Group this year, and I wish to thank all those who have made positive contributions.
We now have the opportunity to make some adjustments to bolster and accelerate the progress we are making and ensure we are delivering the most efficient and highest possible quality of lending, and analytical and advisory services for our clients.
We have decided to organize our Global Practices into three groups that recognize and build upon existing patterns of collaboration. This change will further strengthen the global nature of the new model, reduce some transaction costs and allow us to respond more quickly and effectively to client demands. These improvements come as a result of close listening, feedback and analysis over the first few months of operation of our new model.
The three groups will be led by Vice Presidents Keith Hansen, Laura Tuck and Jan Walliser. They are all highly strategic and passionate leaders with deep operational experience. They will report to Kyle Peters, our Senior Vice President for Operations, who will also oversee the Cross-Cutting Solutions areas supporting the maximum level of collaboration and synergy with the Practices.
Jin Yong Cai is today also announcing the strengthening of his IFC leadership team, with Nena Stoiljkovic assuming the role of co-Vice President in IFC of Global Client Services. We have also appointed Saran Kebet-Koulibaly as Vice President of Corporate Sustainability and Risk at the IFC. Finally, Keiko Honda is today announcing the appointment of Karin Finkelston as Vice President and Chief Operating Officer of MIGA.
Once again I would like to thank all those who have made an important contribution to establishing the powerful model we now have. We are determined to keep monitoring and tracking our performance and doing everything possible to continually provide most impactful service for all our clients.