Saturday 10, December 2022
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Martin Raiser appointed WB vice-president for South Asia

News Desk: The World Bank has appointed Martin Raiser, an economist and development expert with almost two decades of experience at the World Bank Group, as its new vice-president for the South Asian region.

With the appointment effective from Friday, Raiser will manage bank relations with Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, and oversee a portfolio of projects, technical assistance and financial resources worth almost $55 billion, said a press release issued by the global lender.

“The World Bank has been a steadfast partner in South Asia as the region faces multiple crises, including the Covid-19 pandemic,” said Raiser.

“I look forward to working together with countries in the region to help address these challenges while laying the foundations and capitalizing on the opportunities for green, resilient and inclusive growth.”

Under Raiser’s leadership, the World Bank will continue to support the South Asian region to address different macro, health and humanitarian crises, while advancing human capital development, supporting climate resilience and facilitating regional integration and cooperation, read the release.

Prior to his current role, Raiser served as the World Bank’s country director for China and Mongolia, and director for Korea.

He has also held positions as the country director for Brazil, Türkiye, Ukraine, Belarus and Moldova as well as country manager in Uzbekistan.

Before joining the World Bank, Raiser worked for the Kiel Institute of World Economics and the European Bank for Reconstruction and Development, where he served as the director of Country Strategy and editor of the Transition Report.

A German national, Raiser holds a doctorate degree in Economics from the University of Kiel, Germany, and degrees in Economics and Economic History from the London School of Economics and Political Sciences.

SK

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