July 23, 2014 4:42 PM ET


Company Overview of The World Bank Group

Company Overview

The World Bank Group provides financial and technical assistance services for the developing countries worldwide. It offers low-interest loans, interest-free credits, and grants for education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The company also provides loans and credits; analytic and advisory services, such as poverty assessments, public expenditure reviews, country economic reports, sector reports, and capacity building; advisory services, including foreign investment advisory, private sector liaison officers network, investment promotion advisory, and treasury client servi...

1818 H Street NW

Washington, DC 20433

United States

Founded in 1944





Key Executives for The World Bank Group

Age: 54
Chief Financial Officer and Managing Director for Finance
Age: 46
Director of Operations and Strategy
Executive Vice President and Chief Executive Officer of International Finance Corporation
Age: 66
Chief Information Officer and Vice President of Information Solutions Group
Compensation as of Fiscal Year 2014.

The World Bank Group Key Developments

World Bank Announces Executive Changes

The World Bank has appointed Bolormaa Amgaabazar as its new Country Representative for Timor-Leste. Ms.Amgaabazar has formally joined the World Bank office in Dili. She will replace the outgoing Country Manager, Luis Constatino who will take up a new post in Nicaragua office. Bolorma Amgaabazar, a Mongolian national, previously held positions as a Senior Operations Officer for South Sudan and Somalia while based in the Nairobi office, in the Africa Region of the World Bank.

The World Bank Announces Executive Changes

The World Bank appointed Gerardo Corrochano as country director for Colombia and Mexico and Humberto López as its director for Central America, with both appointments effective immediately. López will assume his role at the World Bank headquarters in Washington DC, while Corrochano will be based in Mexico City. Corrochano has been with the World Bank since 1990 and has held finance and private sector development positions in Africa, Central Asia, Europe, and Latin America and the Caribbean. Gloria Grandolini, whom Corrochano replaces, will become director for global practices of finance and markets. López has been with the bank since 1996 and was the World Bank's lead economist for Central America from 2008-11. He was most recently the director for economic policy and poverty reduction.

World Bank Appoints J. Humberto Lopez as its Director for Central America

The World Bank announced the appointment of J. Humberto Lopez as its Director for Central America, effective July 1, 2014. Lopez is a renowned expert in Central American socio-economic issues, having held other positions for the subregion within the institution.

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