World Bank India head to be MIGA’s VP Operations

The World Bank’s India head, Junaid Kamal Ahmad, has been appointed as one of the vice presidents of the global lending institution.

Ahmad — who as Vice President, Operations would head the Multilateral Investment Guarantee Agency (MIGA) — is the second Bangladeshi national to be appointed to such a high position in the history of the bank.

Ahmad, 61, will assume his new role from April 16, an official release said. He has been the country director for the World Bank in India since September 2016.

Fayez Choudhury was the first Bangladeshi national who became the vice president on the administration side.

In his new role, Ahmad will work to advance and enhance MIGA’s brand partnering across the World Bank Group and with financial institutions, private investors and development actors; originate and pursue meaningful, iimpact-drivenprojects and lead the Operations team to deliver on MIGA’s mandate of mobilising private finance for development projects in Emerging Market Developing Economies, the bank said in a statement.