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Axel van Trotsenburg

From EverybodyWiki Bios & Wiki



Axel van Trotsenburg

Axel van Trotsenburg
Senior Managing Director, Development Policy and Partnerships of the World Bank Group
Axel van Trotsenburg, Senior Managing Director of the World Bank, in 2023
Assumed office
3 April 2023
PresidentDavid Malpass
Personal details
Born (1958-12-06) 6 December 1958 (age 67)
Bussum, Netherlands

Axel van Trotsenburg (born December 6, 1958 [1]) is a dual Dutch-Austrian economist and development expert[2], serving as Senior Managing Director responsible for the World Bank’s Development Policy and Partnerships since April 2023[3][4]. Prior to that role, he was the Managing Director of Operations, October 2019[5]-April 2023, and acting CEO of the World Bank in September 2019[6].

van Trotsenburg is responsible of expanding engagement on global public goods, climate change, and debt sustainability, as well as leading the World Bank’s engagement with the United Nations, G20, G7, and other international financial institutions [7].

With a career of over three decades at the World Bank[8], van Trotsenburg has led negotiations that resulted in capital increases for the institution, as well as several replenishments of the International Development Association[9][10][11].He is the highest ranked Dutch national at the World Bank Group[12], and is fluent in English, French[13], Dutch[14], German, and Spanish[15].

Early Life & Education

van Trotsenburg was born in Bussum, The Netherlands, and moved to Austria when he was 12 years old[14]. He studied International Affairs at the Johns Hopkins University in Bologna, Italy[16]. He continued his graduate studies at Carleton University, earning a Masters in International Relations in 1986[1]. He earned his doctorate in economics at the University of Vienna in Austria[5].

Early Experience

Axel van Trotsenburg started his career at the OECD, in Paris, where he joined the field of economic research[17]. In there, he coauthored, along economist Helmut Reisen, a major study called Developing Country Debt: The Budgetary and Transfer Problem[18].

World Bank Experience (1988-current)

Axel van Trotsenburg has held several positions in the World Bank, building a career that expands over three decades[8]. He joined the institution as a young professional in 1988[19][16], and was then promoted to Country Economist for Guatemala[16] [20]. In that capacity, he supported the Guatemala Government Economic Modernization Loan Project, and authored the project report[21]. He also led different missions to the country, and authored the 1991 Guatemala Country economic memorandum[22]. As Senior Country Economist for Côte d'Ivoire[16][20], van Trotsenburg authored reports on recommendations for loans to Côte d'Ivoire [23] .

In 1996, he was promoted to Manager for the Heavily Indebted Poor Countries Initiative (HIPC)[24], the debt relief program for poor countries between the World Bank and the IMF. In this capacity, he was in charge of the program that cancelled the debts of the world's poorest countries[12] .

Later on, in 2002, he moved with his family to Buenos Aires, Argentina[25], because he was named Country Director for Argentina, Chile, Paraguay, and Uruguay [16][26], until he was appointed in 2007[26] Country Director for Mexico and Colombia [19], which meant he had to relocate to Mexico City[27].

In 2009, he assumed the role of Vice President for Concessional Finance and Global Partnerships[28], where he was in charge of a record loan of $14 billion to the poorest countries[12]. While he was in this charge, he led the negotiations for the record-high -at the time- of $49.3 billion replenishment of resources for the IDA´s fund (IDA16) for development project in the world´s poorest countries. The negotiations of the 16th replenishment of IDA were chaired by then World Bank Managing Director, Ngozi Okonjo-Iweala[11].

In 2013, van Trotsenburg was named Vice President for the East Asia and Pacific Region[29]. Under his leadership, the World Bank resumed operations in Myanmar, after 25 years of absence (since 1987), with a pledge of $245 million to support the country’s reform drive, which resulted in the inauguration of the Myanmar office on June 2nd, 2013[30][31]. During his first visit to the North Pacific, in September 2013, van Trotsenburg announced a $1.1 million support project to improve the connectivity of the people from Micronesia and Palau[32]. In December of that same year, some months after he assumed this role, he was involved in the opening of a World Bank office in Songdo, Korea, as an effort to deepen the engagement of the World Bank with this country[33].

After three years in this position, in 2016, van Trotsenburg was appointed Vice President for Development Finance[34]. In this role, he led the negotiations of the 18th replenishment of IDA, which collected $75 billion in pledges from 48 countries[35], and he was one of the leaders of the negotiations that allowed a capital increase of $60 billion for the IBRD, approved in April 2018[9].

In 2019, he was named Vice President for Latin America and the Caribbean[36] [26], under his leadership, a package of credits of $140 million was approved to strengthen Jamaica’s social programs and build fiscal resilience[37]. He was also involved in the grant that the World Bank gave to Colombia of $31.5 million to address the massive migration of Venezuelans to Colombia[38]. That same year, in September, he was appointed Acting CEO [39], and then in October, Managing Director of Operations[39][40][41]. In this last position, he was responsible for the World Bank’s operations across the world[5], and chaired the negotiations of the 20th replenishment of IDA, that collected $93 billion to support the poorest countries. Due to the COVID crisis, the money collected in the previous replenishment, was spent in two years, instead of the three that is expected to last[10].

Since 2023, van Trotsenburg, along World Bank Group Chief Financial Officer, Anshula Kant, leads the Evolution Roadmap exercise aimed at exploring how the World Bank Group can better respond to the need for increased action to address the growing crisis of poverty and economic distress, and global challenges, including climate change, pandemic risks, and rising fragility and conflict[7].

In April 2023, he was appointed as Senior Managing Director, responsible for the World Bank’s Development Policy and Partnerships[3][4]. In this role, van Trotsenburg is responsible of expanding engagement on global public goods, climate change, and debt sustainability, as well as leading the World Bank’s engagement with the United Nations, and other international financial institutions [7].

References

  1. ↑ 1.0 1.1 Canada, Library and Archives (2022-09-01). "Item – Theses Canada". library-archives.canada.ca. Retrieved 2023-02-10.
  2. ↑ "El Banco Mundial designó un nuevo vicepresidente para América Latina y el Caribe". www.laprensa.com.ar (in español). Retrieved 2023-05-02.
  3. ↑ 3.0 3.1 "World Bank's new senior managing director: More is expected of us". La Prensa Latina Media. 2023-04-07. Retrieved 2023-05-02.
  4. ↑ 4.0 4.1 News, Mirage (2023-01-26). "World Bank Group Appoints New Team to Boost Impact". Mirage News. Retrieved 2023-05-02.
  5. ↑ 5.0 5.1 5.2 DE TELEGRAAF, FINANCIEEL (October 1, 2019). "Nederlander krijgt hoge baan bij Wereldbank". De Telegraaf. Retrieved February 9, 2023.
  6. ↑ Ability, Erdee Media Groep & Smartshore. "Nederlander krijgt hoge baan bij Wereldbank". RD.nl (in Nederlands). Retrieved 2023-02-10.
  7. ↑ 7.0 7.1 7.2 January 2023, Adva Saldinger // 26 (2023-01-26). "Scoop: World Bank reshuffles senior leadership ahead of reforms". Devex. Retrieved 2023-05-09.
  8. ↑ 8.0 8.1 "Kredite fürs Klima: Weltbank will eine neue, grüne Rolle - WELT". DIE WELT (in Deutsch). Retrieved 2023-05-09.
  9. ↑ 9.0 9.1 "'Reforma da previdência é desafio mundial'". Estadão (in português). Retrieved 2023-05-09.
  10. ↑ 10.0 10.1 "La Banque mondiale décroche 93 milliards de dollars pour les 74 pays les plus pauvres". RFI (in français). 2021-12-16. Retrieved 2023-05-09.
  11. ↑ 11.0 11.1 "World Bank VP for East Asia visits the Philippines". The FilAm Metro D.C. Retrieved 2023-05-09.
  12. ↑ 12.0 12.1 12.2 Nieuwenhuis, Evert (November 16, 2009). "Een handvol vragen: Axel van Trotsenburg". Unknown parameter |url-status= ignored (help)
  13. ↑ "La Banque mondiale décroche 93 milliards de dollars pour les 74 pays les plus pauvres". RFI (in français). 2021-12-16. Retrieved 2023-05-02.
  14. ↑ 14.0 14.1 Gestel, Maarten van (2022-11-17). "Doet de Wereldbank te weinig voor het klimaat? Welnee, zegt deze topman: 'Wij zijn de nummer één'". Trouw (in Nederlands). Retrieved 2023-02-14.
  15. ↑ CNN Redacción Con Gabriela Frías: Banco Mundial Espera Un Fuerte Impacto Sobre La Inflación - 4/8/22, retrieved 2023-05-02
  16. ↑ 16.0 16.1 16.2 16.3 16.4 Devex, FWU Newsletter (July 13, 2006). "Leader Profile: Axel van Trotsenburg, Regional Director, WB". Devex. Retrieved February 9, 2023.
  17. ↑ Alumni Uni Graz, Alumni Uni Graz (2019). 40 Jahre – 80 Semester Ein Netzwerk feiert Jubiläum (in German). p. 117.CS1 maint: Unrecognized language (link) Search this book on
  18. ↑ Helmut Reisen, Axel van Trotsenburg (1988). Developing Country Debt: The Budgetary and Transfer Problem. Development Centre of the Organisation for Economic Co-operation and Development. ISBN 9264130535. Search this book on
  19. ↑ 19.0 19.1 MercoPress (July 2, 2007). "World Bank names new Latam country directors". MercoPress. Retrieved February 9, 2023.
  20. ↑ 20.0 20.1 "Axel van Trotsenburg - Contributeur de l'Agenda". Forum Économique Mondial (in français). Retrieved 2023-02-10.
  21. ↑ "Guatemala - Economic Modernization Loan Project". World Bank. Retrieved 2023-05-02.
  22. ↑ "Guatemala - Country economic memorandum". World Bank. Retrieved 2023-05-02.
  23. ↑ "https://documents.worldbank.org/en/publication/documents-reports/documentdetail". World Bank. Retrieved 2023-05-02. External link in |title= (help)
  24. ↑ "Nederlander Van Trotsenburg klimt op naar topfunctie bij Wereldbank". FD.nl (in Nederlands). Retrieved 2023-02-10.
  25. ↑ Clarín.com (2019-02-23). "Axel van Trotsenburg: 'Hacer reformas lleva su tiempo, en la Argentina y en el mundo'". Clarín (in español). Retrieved 2023-05-09.
  26. ↑ 26.0 26.1 26.2 Reporter, WIC News (2019-02-01). "Axel van Trotsenburg appointed World Bank Vice President for Latin America and Caribbean". WIC News. Retrieved 2023-02-10.
  27. ↑ Morales, Yolanda (March 11, 2019). "Acelerar el desarrollo de estados y zonas rurales del sur, prioridad: Axel van Trotsenburg". El Economista. Retrieved May 9, 2023.
  28. ↑ DevDiscourse (October 1, 2019). "Axel van Trotsenburg appointed as World Bank Managing Director of Operations". Devdiscourse. Retrieved February 9, 2023.
  29. ↑ "Nederlander krijgt hoge baan bij Wereldbank". Het Parool (in Nederlands). 2013-01-31. Retrieved 2023-02-10.
  30. ↑ Rehman, Shoaib Ur (2013-02-05). "World Bank vows to help Myanmar 'turn lights on'". Brecorder. Retrieved 2023-05-09.
  31. ↑ "World Bank (Yangon branch) Opened". The New Light of Myanmar. June 3, 2013.
  32. ↑ Suenaga, Yu. "Improved Phone and Internet Services in FSM & Palau". The Fourth Branch. Retrieved 2023-05-09.
  33. ↑ Lee, Joel (June 3, 2015). "World Bank, Korea mark 60 years of ties". The Korea Herald.
  34. ↑ "World Bank looks to tap markets for lending to poorest countries". Financial Times. 2016-09-22. Retrieved 2023-02-10.
  35. ↑ "World Bank looks to tap markets for lending to poorest countries". Financial Times. 2016-09-22. Retrieved 2023-05-09.
  36. ↑ News South Florida Caribbean (2019-02-02). "World Bank Appoints New Vice President for Latin America and the Caribbean". South Florida Caribbean News. Retrieved 2023-02-10.
  37. ↑ "World Bank announces US$140 million package to boost social programmes | Loop Jamaica". Loop News. Retrieved 2023-05-09.
  38. ↑ "El Banco Mundial anunció una donación de USD 31,5 millones a Colombia para atender a migrantes venezolanos". infobae (in español). Retrieved 2023-05-09.
  39. ↑ 39.0 39.1 Edwards, Sophie (October 2, 2019). "World Bank names veteran staffer as new managing director". Devex. Retrieved February 9, 2023.
  40. ↑ "Axel van Trotsenburg Appointed World Bank Managing Director of Operations". World Bank. Retrieved 2023-02-10.
  41. ↑ "World Bank Group President Announces Senior Leadership Team Appointments to Support Evolution and Increase Impact". World Bank. Retrieved 2023-02-10.



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