World Bank Managing Director to Visit Mongolia

May 14, 2015

ULAANBAATAR, May 14, 2015 – Managing Director and World Bank Group Chief Financial Officer Bertrand Badré makes his first visit to Mongolia on May 15-16 to meet with the country’s leaders and visit projects that support Mongolia’s efforts to improve the lives of citizens.

“I look forward to visiting Mongolia to better understand the country’s development challenges and to discuss with the government and private sector how the World Bank Group can continue bringing its knowledge and financing to support Mongolia’s economic and social development,” said Badré.

He will meet with Speaker of the Parliament Z. Enkhbold, Minister of Finance J. Erdenebat, Prime Minister Ch. Saikhanbileg, as well as representatives of the local private sector to discuss how the World Bank Group can continue helping development in Mongolia.

Badré also will visit projects supported by the World Bank Group that focus on rural development, education, and energy, including the Sustainable Livelihood Project (SLP), Rural Education and Development (READ) Project, Renewable Energy for Rural Access Project (REAP), and a wind farm in Salkhit supported by the International Finance Corporation (IFC).

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 financial reporting, and mobilization of financial resources in alignment with the Group’s strategy. He contributes to the international dialogue on financial standards and best practices, primarily through his representation of the Group at the Financial Stability Board.

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