Former WB leader in Vietnam appointed Vice President for East Asia and Pacific

(VNF) - Ms Victoria Kwakwa was appointed by World Bank Group President Jim Yong Kim as the new regional Vice President for East Asia and Pacific, effective on April 15th.

(VNF) - Ms Victoria Kwakwa was appointed by World Bank Group President Jim Yong Kim as the new regional Vice President for East Asia and Pacific, effective on April 15th.

The appointment ensures a seamless leadership transition for this region of increasing importance to the World Bank Group, as she knows the region well and has been part of the Bank’s efforts in bringing about change at a time when East Asia Pacific has been rapidly developing and playing a pivotal global role.

Former WB leader in Vietnam appointed Vice President for East Asia and Pacific
Kwakwa, a Ghanaian national, will lead the Bank’s advisory and lending operations in the region and oversee strategic engagement with the region’s 23 member countries. The Bank’s lending in East Asia Pacific is expected to be over USD7 billion in the fiscal year ending June 30.

“In the last decade, East Asia and Pacific’s share in the world economy has tripled, to about 19 percent. That number is projected to rise to more than 30 percent by 2030. I look forward to working with our client countries to maintain their competitiveness and economic dynamism while tackling challenges including urbanization, vulnerability to climate change, rapid ageing and rising inequality. I am confident that the region will continue to find innovative solutions that will resonate around the world”, said Ms Kwakwa.

Kwakwa was previously the World Bank’s Country Director of Vietnam, overseeing a multibillion-dollar lending portfolio and an innovative knowledge program. During her tenure, the Bank’s partnership with Vietnam has deepened, responding to the increasingly complex challenges of an emerging middle-income country.

Most recently, Kwakwa led a joint team with the government to produce the Vietnam 2035 report, which presents options for Vietnam to achieve its ambitious goal of becoming an upper-middle-income country in a generation.

Before moving to Hanoi, Kwakwa was the Country Manager for Rwanda, where she worked with the government to design and pilot programs in social protection, health financing and agriculture productivity.

From 2000 to 2006, she was a senior economist and lead economist in Abuja (Nigeria) where she set up a program of state-level analytical work and provided policy advice on how to efficiently and transparently manage oil revenues.

Joining the Bank as a Young Professional in 1989 and worked on the 2000-2001 World Development Report on poverty, she holds a bachelor’s in economics from the University of Ghana, Legon and earned a master’s and doctorate from Queen’s University in Canada./.

( VNF )

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