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Wednesday, 9 January 2019

Marina Wes appointed Country Director for Egypt, Yemen and Djibouti

MOVES- Egypt gets new World Bank country director: The World Bank has appointed Marina Wes as Country Director for Egypt, Yemen and Djibouti,according to a WB statement. The Dutch national — who joined the WB in 2000 — was formerly country director for the West Bank and Gaza and, separately, for Poland. She also held the position of lead economist for Turkey. Her area of expertise is emerging markets, but has written extensively on public finances, trade and foreign direct investment. She takes over from Samia Msadek who served as acting director.

Could the World Bank be getting its first non-American president? Although the World Bank has traditionally been run by an American, and the IMF — its sister organization — by a European, some countries are trying to lobby to bring an emerging markets representative to the bank’s helm following the resignation of Jim Yong Kim, says Bloomberg’s Andrew Mayeda. US President Donald Trump is expected to nominate a US national for the top job, but is likely to be met with resistance from within the lender, whose executive board has the final say. Jim Yong Kim is reportedly joining New York-based private equity fund Global Infrastructure Partners, according to the FT.

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