Kristalina Georgieva, a former head of EU humanitarian affairs and vice-president of the European commission, has been appointed chief executive of the World Bank. Migration can help to forge a more prosperous world, says World Bank Read moreGeorgieva’s appointment follows upheaval at the institution, which has faced a backlash against globalisation driven by concern that the rich and western states have been the biggest beneficiaries of free trade. She served in a number of positions at the World Bank between 1993 and 2010, including director of sustainable development. Kim added: “As humanitarian aid commissioner, Kristalina established herself as a global champion for the concept of resilience. Highly regarded by observers at a time when Russia was insistent the next secretary general should come from eastern Europe, she was widely seen as close to the west.

Source: The Guardian October 28, 2016 14:31 UTC