The World Bank has appointed a Zambian, Samuel Munzele Maimbo, as its Vice President for Budget, Performance Review and Strategic Planning.
The appointment has been made by the World Bank President David Malpass.
Maimbo’s appointment highlights Zambia’s commitment to the development of international finance and banking, and it reflects the World Bank’s recognition of Zambia’s potential and the capabilities of its people.
Maimbo’s appointment as the Vice President for Budget, Performance Review, and Strategic Planning is a major milestone for Zambia.
It is the highest position ever held by a Zambian National at the World Bank, and it is a testament to the country’s potential and the caliber of its citizens.
Maimbo’s role as Vice President for Budget, Performance Review, and Strategic Planning is a critical one for the World Bank.
Malpass said in a statement issued on Thursday that this appointment was a testament to the exceptional capabilities of Maimbo and his extensive experience in the field of international development and banking.
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Malpass said in this position, Maimbo would be responsible for overseeing the bank’s budget and financial management, as well as ensuring that its programmes and projects are aligned with the bank’s overall strategic goals.
“He will also be responsible for conducting performance reviews of the bank’s operations and programmes to ensure that they are meeting their intended objectives and outcomes,” Malpass said.
Maimbo has been associated with the World Bank for over two years now, where he previously served as the Director of the International Development Association (IDA) Resource Mobilisation and International Bank for Reconstruction and Development (IBRD) Corporate Finance department.
In this role, he was responsible for implementing IDA’s hybrid financial model and conducting policy analysis of IBRD income and corporate finance.
Prior to that, he served as the Chief of Staff in the Office of the World Bank President since September 2022.
Maimbo has a Ph.D. in Public Administration (Banking) from the University of Manchester, an MBA in Finance from the University of Nottingham, and a BSc. in Accounting from Copperbelt University, Zambia.
He is also a Fellow Chartered Certified Accountant (FCCA, UK).
Maimbo’s appointment comes at a time when the World Bank is working to address the significant challenges posed by the COVID-19 pandemic and its impact on the global economy.
His expertise and experience in financial management and policy analysis will be critical in helping the bank navigate these challenges and in ensuring that its programmes and projects are effective in addressing the needs of developing countries.
It is also a reflection of the World Bank’s commitment to recognizing the potential and capabilities of individuals from developing countries and to ensuring that its programmes and projects are effective in addressing the needs of the world’s most vulnerable populations.
The appointment of Dr. Maimbo as the Vice President for Budget, Performance Review, and Strategic Planning at the World Bank is expected to have a positive impact not only on Zambia but also on other African countries.
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