President Paul Wolfowitz named two Europeans to senior posts in early September. Vincenzo La Via, former Italian Treasury official and Banca Intesa executive, was appointed chief financial officer. From 1985 to 1991 he worked at the World Bank, spending a year as advisor to the Italian executive director, and then working as senior investment officer in the treasury department. Lars Thunell, who served as chief executive of Sweden’s SEB banking group, was named the IFC’s executive vice president. Thunell was also recently appointed board member of Statoil, and is a board member of SLA, an international forestry and paper product company.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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