New Delhi, January 23, 2009: Roberto Zagha, the World Bank’s new Country Director for India, arrived here today for a one week visit, where he will meet with the Indian Government.
Zagha, a Brazilian national, started in his new position on January 1, 2009, replacing Isabel Guerrero who is now the World Bank’s Vice-President for the South Asia region.
Zagha was previously Senior Advisor to the World Bank’s Vice-President in the Poverty Reduction and Economic Management Unit. He was most recently in India for the release of The Growth Report, serving as the Secretary of the Independent Commission on Growth and Development.
“In many different capacities, Roberto Zagha has been deeply involved in India for the past 10 years,” said Isabel Guerrero, World Bank Vice-President for the South Asia region. “This coupled with his strong intellectual leadership on economic issues and his creativity and strategic mind make him an outstanding choice to lead the Bank's work in India at this critical time.”
Zagha joined the Bank in 1980 and has held various positions as Country and Lead Economist in Latin America, South Asia, and Africa. Prior to working in the Bank, Zagha taught at the University of Sao Paolo, and worked in the Institute of Economic Research in the same University.
In his new position as Country Director for India, Zagha’s priorities will be to shape the Bank's support to India in the context of the recent global financial turbulence.
With the recent announcement of the World Bank’s new Country Strategy for India – the framework for the Bank’s work in the country over the period 2009-2012 – Zagha will provide leadership to the teams formulating and delivering the Bank's strategy for India.
The Bank’s strategy focuses on helping the country to fast-track the development of much-needed infrastructure and to support the seven poorest states which are home to more than half the country’s population. The strategy currently envisages lending of US$14 billion for the next three years, of which US$9.6 billion will be from IBRD and US$4.4 billion from IDA.
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India was the largest IDA and second largest IBRD borrower from the Bank in fiscal year 2008. The Bank's US$15.1 billion-portfolio in the country covers 61 active investment projects. During FY08, the Bank's Board approved US$2.7 billion in funding for 9 new projects for India spanning a range of sectors including infrastructure, education, health and rural development. Of this, US$ 1.3 billion came from IBRD and US$ 1.4 billion came as interest–free credits from IDA.
Zagha, a Brazilian national, started in his new position on January 1, 2009, replacing Isabel Guerrero who is now the World Bank’s Vice-President for the South Asia region.
Zagha was previously Senior Advisor to the World Bank’s Vice-President in the Poverty Reduction and Economic Management Unit. He was most recently in India for the release of The Growth Report, serving as the Secretary of the Independent Commission on Growth and Development.
“In many different capacities, Roberto Zagha has been deeply involved in India for the past 10 years,” said Isabel Guerrero, World Bank Vice-President for the South Asia region. “This coupled with his strong intellectual leadership on economic issues and his creativity and strategic mind make him an outstanding choice to lead the Bank's work in India at this critical time.”
Zagha joined the Bank in 1980 and has held various positions as Country and Lead Economist in Latin America, South Asia, and Africa. Prior to working in the Bank, Zagha taught at the University of Sao Paolo, and worked in the Institute of Economic Research in the same University.
In his new position as Country Director for India, Zagha’s priorities will be to shape the Bank's support to India in the context of the recent global financial turbulence.
With the recent announcement of the World Bank’s new Country Strategy for India – the framework for the Bank’s work in the country over the period 2009-2012 – Zagha will provide leadership to the teams formulating and delivering the Bank's strategy for India.
The Bank’s strategy focuses on helping the country to fast-track the development of much-needed infrastructure and to support the seven poorest states which are home to more than half the country’s population. The strategy currently envisages lending of US$14 billion for the next three years, of which US$9.6 billion will be from IBRD and US$4.4 billion from IDA.
# # #
India was the largest IDA and second largest IBRD borrower from the Bank in fiscal year 2008. The Bank's US$15.1 billion-portfolio in the country covers 61 active investment projects. During FY08, the Bank's Board approved US$2.7 billion in funding for 9 new projects for India spanning a range of sectors including infrastructure, education, health and rural development. Of this, US$ 1.3 billion came from IBRD and US$ 1.4 billion came as interest–free credits from IDA.
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