Joaquim Levy named CFO of World Bank

Bnamericas Published: Tuesday, January 12, 2016
Joaquim Levy named CFO of World Bank

Less than a month after resigning from his post as Brazil's finance minister, Joaquim Levy has been appointed CFO of the World Bank.

He will begin his new role on February 1 at the financial institution's headquarters in Washington DC, where he will replace Bertrand Badré.

As the new CFO, Levy will be responsible for controlling the body's treasury, including financial operations, corporate budgeting and risk management. He will be second only to World Bank president Jim Yong Kim.

"Joaquim's tireless commitment to reform – oriented toward sustainable and inclusive development – is a significant asset to the World Bank Group as we review our finances and adapt to a rapidly changing environment," Kim said in a release from the World Bank.

"Joaquim possesses a rare mix of expertise in finance and markets, a strong country perspective, and insider knowledge of the multilateral system – all core to our success."

This will be the second international position Levy has held. From April to December 2006 he was vice president of finance and administration at the Inter-American Development Bank.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

Other companies in: Banking (Brazil)

Get critical information about thousands of Banking companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: XP Investimentos S.A.  (XP Investimentos)
  • The Brasilian company XP Investimentos S.A., founded in 2001 in Sao Paulo, is a parent firm which clusters the investments of the XP Group and offers financial services and solu...
  • Company: Banco Inter S.A.  (Banco Inter)
  • Banco Inter S.A., called Banco Intermedium S.A. until the year 2017, is a Brazilian digital bank incorporated in 1994 and headquartered in Belo Horizonte which offers cost-free ...