The World Bank in the global system
Created in 1944 at the Bretton Woods Conference, the World Bank is a vital source of financial and technical assistance to developing countries around the world. Its most powerful stakeholder is the US which triggered criticism that a US-led approach does not fit all its members. With the recent establishment of the Asian Infrastructure Investment Bank (AIIB), a China-led international financial institution that aims to support the building of infrastructure in the Asia-Pacific region, the traditional system seems to be challenged.
Vice President and Treasurer of the World Bank Arunma Oteh will discuss the World Bank in the global landscape with Asia House corporate members.
Arunma Oteh joined the World Bank as Vice President and Treasurer in September 2015. She manages and leads a large and diverse team responsible for managing more than $150 billion in assets, and borrowing in more than 20 currencies around the world. In addition to maintaining the World Bank’s global reputation as a prudent and innovative borrower and investor, she and her team manage an extensive client advisory business.
In 2011, in recognition of her contribution to economic development and to transforming the Nigerian capital markets, she was awarded the Officer of the Order of the Niger national honor. She was also named the African Investor Capital Market Personality of the Year in 2014.
Attendance at this roundtable discussion is by invitation only.
For further information, please contact: Melanie Ullrich, Business & Policy Team at firstname.lastname@example.org or call 0207 307 5462.