IFI governance


Staff restructure after new World Bank strategy approved

3 December 2013

As part of the restructure for the implementation of the World Bank’s new strategy, approved in October (see Observer Autumn 2013), there have been several new appointments. The internal restructure involved reducing costs and job cuts. Senior Bank staff Keith Hansen and Nena Stoiljkovic will oversee the 14 global practices, including agriculture, education, energy, health, poverty and water. The global practices replace the Bank’s old matrix management system based on functional ‘networks’ such as ‘sustainable development’ and ‘human development’ with broader remits.

Name and new job Previous positions
Keith Hansen
Global practices vice president
Appointed early October
Acting vice president for the Human Development Network, World Bank
Sector Manager and Sector Director, World Bank
Nena Stoiljkovic
Global practices vice president (will remain IFC’s vice president and member of IFC’s management team)
Appointed early October
Vice president business advisory services, IFC
Rachel Kyte
Group vice president and special envoy for climate change
Starting January 2014
Vice president for sustainable development, World Bank


Other recent significant appointments include former World Bank President Robert Zoellick returning to Goldman Sachs and Changyong Rhee leaving the Asian Development Bank for a new post at the IMF. For previous coverage of appointments and “revolving doors” see Update 84 and 81.

Name and new job Previous positions
Robert Zoellick
Chairman of Goldman Sachs international advisory board
Appointed early October
President, World Bank Group
Maxwell Mkwezalamba
Finance Minister, Malawi
Appointed mid October
Commissioner for economic affairs, African Union
Macroeconomist, World Bank
Changyong Rhee
Director, Asia and Pacific Department, IMF
Appointed end November
Chief economist, Asian Development Bank