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.
World Bank & IMF in the news
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.