World Bank Names Familiar to Oversee Latin America Effort
World Bank Names Familiar to Oversee Latin America Effort
By Charlie Devereux and Raymond Colitt Apr 30, 2014 11:01 PM CT
The World Bank appointed the first Latin American in 30 years as the region’s vice president, charged with overseeing a portfolio of projects from Jamaica to Brazil that totals more than $30 billion.
Jorge Familiar, a Mexican national who served as executive director of the World Bank Group in Washington and chief executive officer of the Mexican state-owned lender Instituto del Fondo Nacional para el Consumo de los Trabajadores, replaces Hasan Tuluy as vice chairman for Latin America and the Caribbean, the World Bank said in a statement.
Familiar will oversee a region where economic growth is slowing as demand from China for copper, iron and other commodities cools. The International Monetary Fund last month forecast that economic growth in Latin America and the Caribbean will slow to 2.5 percent this year from 2.7 percent last year.
“There is an important part of the population that is at risk of falling back into poverty,” Familiar said on a conference call with reporters yesterday.
http://www.bloomberg.com/news/2014-05-01/world-bank-names-familiar-to-oversee-latin-america-effort.html
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