India gets new country director of World Bank

Image Source: World Bank Auguste-Tanoa-Koumay, most recently serving as the World Bank’s Country Director for Turkey and, effective Monday, will become the World Bank’s Country Director for India.

Highlight

  • Auguste-Tanoa-Coume is the World Bank’s country director for India, effective Monday
  • Most recently, Auguste served as the World Bank’s Country Director for Turkey.
  • India is the largest customer of the World Bank Group with a portfolio that includes $3.98bn . includes a loan of

Auguste-Tanoa-Coume is the World Bank’s country director for India, effective Monday. He will replace Junaid Kamal Ahmed who recently completed his five-year term.

Auguste, a citizen of Cte d’Ivoire, most recently served as the World Bank’s country director for Turkey, where he led the expansion of the bank’s country program and deepened his support for Ankara’s climate agenda.

Prior to this, he served as Director of the Department of Human Development and Economic Management in the Independent Evaluation Group (IEG) of the World Bank Group from January 2017 to April 2019.

He also held positions as Practice Manager at the World Bank’s Macroeconomics and Financial Management Practice, first in Latin America and the Caribbean, and then in the Middle East and North Africa regions.

“The World Bank has been privileged to support India’s development achievements for more than 75 years. I look forward to continuing this fruitful partnership at this critical time, as the country continues to be more resilient to the effects of the COVID-19 pandemic.” recovers from the future, ”said Auguste.

“The Bank stands ready to support India’s ambitions to become an upper middle-income country and a global leader on the climate agenda, through strategic programs and knowledge products.

“As India assumes the presidency of the G20 later this year, the Bank looks forward to supporting India in this leadership role globally,” he added.

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From 2008 to 2014, he held the positions of Sector Manager for Economic Policy, Sector Leader, and Chief Economist in the Poverty Reduction and Economic Management Unit and as Acting Chief Economist for the MENA Region.

From 2005 to 2008, he served as an assistant to the President of the World Bank Group. Auguste held regional assignments from 2002–05 as Senior Country Economist based in Santo Domingo, Dominican Republic, and later as a World Bank representative in Haiti.

He was a core team member of the World Bank’s 1998–99 World Development Report on Knowledge for Development. Before joining the World Bank as a young professional in 1996, he worked at the United Nations Development Program and taught Applied Economics in Cte d’Ivoire and France.

India is the largest customer of the World Bank Group with a portfolio that included $3.98 billion from the International Bank for Reconstruction and Development (IBRD) in the last fiscal year (July 2021) and $83 million (or 0.08 billion) from the International Development Association (IDA). billion) loans. -June 2022).

As of July 2022, the bank’s net commitment to the country was $21.86 billion (IBRD $18.76 billion, IDA $3.0 billion) across 99 projects.

Read also | World Bank approves $245 million loan to modernize India’s railway logistics infrastructure

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