Launch Date : Dec 10, 2019
Description :

​​I would like to thank the dedicated World Bank Group staff members who have volunteered their time over the past five years as volunteer peer reviewers for Peer Review Services (PRS), part of the World Bank Group's Internal Justice System which provides an impartial and independent venue for the review of employment-related grievances by peers.

Nominations are now open for new Peer Review Members.

Peer Review Members are staff members who volunteer their time to serve on panels and review employment-related grievance cases in an impartial and confidential manner. The time commitment for a Peer Review Member is approximately five to seven days per year.

Peer Review Members review the facts and reach conclusions on whether the managerial decisions, actions, or inactions under review were consistent with a staff member's contract of employment and terms of appointment, as well as whether they had a reasonable and observable basis, complied with WBG rules and procedures, and were fair and properly motivated. Issues which Peer Review Members may review include non-extension of an employee contract, non-selection for a position or termination of employment. 

Each Peer Review Member holds a three-year term, renewable once. The Terms of Reference for Peer Review Members are available here.

Our goal is to ensure that the pool of Peer Review Members represents a diversity of staff members. Toward this end, staff who work in a wide array of positions, including those at managerial and non-managerial levels, at headquarters or country offices, term or open-ended, and from the different entities of the Bank Group are being sought for service as Peer Reviewers. Nominations from country offices and of candidates at grade levels GB to GF are strongly encouraged, as well as nominations of colleagues capable of representing consultants.

The selection criteria utilized for the appointment of new Peer Review Members were agreed upon by the World Bank Group Staff Association and the Vice President, Human Resources, consistent with the terms of Staff Rule 9.03.
Those wishing to nominate a staff member to serve as a Peer Review Member should complete a Nomination Form. Individuals wishing to nominate themselves should complete a Self-Nomination Form. Completed forms should be submitted no later than December 18, 2019, to Ms. Pascale M. Moeller, Executive Secretary, Peer Review Services.
The Staff Association and the Bank Group's Human Resources Vice President will review the nominations received and jointly recommend to me individuals to serve as Peer Review Members. Newly appointed Peer Review Members will begin their terms on February 10, 2020 or as soon thereafter as they are appointed.    

For more information about the Peer Review process, please consult the PRS website.    

Shaolin Yang
Managing Director and WBG Chief Administrative Officer

Launch Date : Dec 10, 2019
Description : This is an IFC Announcement and description is currently not available
Launch Date : Dec 10, 2019
Description :

When: Wednesday, December 11, 2019

Time: 10:00 a.m. to 12:00 p.m.

Location: MC 6-100


The World Bank, in partnership with Kaplan Schweser, will again offer to World Bank Group and IMF Staff what we feel is the best possible deal for CFA exam preparation for Levels 1, 2, and 3 for the June 2020 CFA ExaminationIf you are considering pursuing the CFA® charter, you are invited to register for and participate in the World Bank-Kaplan Schwester CFA Review Program offered in-house for staff. We will be hosting an information session on Wednesday, December 11, 2019 for all staff who are either curious to learn more about the charter or are ready to make the commitment to pursue the charter. This session is a great stepping stone to better understand the CFA program, levels and difficulty of the exam, as well as tips for preparation. Attendees will also gain a better understanding of the in-house program structure and benefits to candidates. ​​​​​

The following questions, and many more, will be answered:

  ●  What do people say about the charter?

  ●  Why is it so well respected in the finance community?

  ●  How do I register for the exams and what are the requirements?

  ●  How much study time is required to adequately prepare?

  ●  Is the CFA charter better to have than an MBA?

  ●  H​​ow do I create a study plan?

  ●  What is typically tested in the exam and can I see sample Learning Outcome Statements?

  ●  What does Kaplan Schweser offer World Bank CFA candidates? ​

If you decide to register for the Review Program, your package will include the SchweserNotes books, Question Bank, QuickSheet, 6 full practice exams, email tutorial help, online video classes, and more! The WB employee candidate package has the following additional benefits: 

  ●  Lower Price - The WB local package ($1,240) is $259 less than the most similar (but lesser) Kaplan Schweser package equivalent, PremiumPlus @ $1,499.

  ●  WB package includes 5 live in-house classes/study sessions held at WBG HQ, which focus on review and how to answer exam-like questions.

  ●  WB candidates can attend the live Washington DC Kaplan Schweser weekly public classes, on a space available basis.

  ●  WB candidates can attend the live Washington DC 3-day exam workshop, on a space available basis.

  ●  WB candidates can attend the Washington DC CFA Society-Kaplan Schweser Live Mock Exam, on a space available basis, or take the Mock Exam on own time.

The format of the training is based on what has received the most positive feedback from World Bank Group candidates over the years. It is essentially a self-study course, complemented by five study sessions conducted at the World Bank Group HQ. 

In other words, once you register for the World Bank-Kaplan Schweser CFA Review Program you can do any, or all, of the following: ​

  ●  Attend WB on-site classes starting mid-February 2020.

  ●  Attend Kaplan Schweser public weekly evening classes starting late January 2020.

  ●  Watch live or archived online classes and webinars.

  ●  Read the hardcopy study materials and do practice problems.

  ●​  Attend the 3-day final review workshop offered by Kaplan Schweser on a space available basis (or online for all).

Payment is required at the time of registration on the website (see registration details below). Please talk to resource management staff in your department about paying by P-card (i.e. your department's corporate credit card). Alternatively, you will be able to pay with your personal credit card. Please note that this is not an OLC course, and therefore must be registered for separately. If you are based outside of DC and cannot attend the in-house live classes, separate pricing is available to receive the print and online materials only.  

The tentative on-site WB class schedule is as follows (you will begin receiving any revisions and updates to the timing and location of any of the classes once you register):​


February 11, 2020
Quantitative Methods​
H. Kent Baker​
March 10, 2020
TBA​Economics; Financial Reporting & Analysis​​H. Kent Baker
April 7, 2020
Financial Reporting & Analysis; Corporate Finance; Equity Investments​H. Kent Baker​
April 21, 2020TBA​​Fixed Income; Derivatives
H. Kent Baker​
May 5, 2020
TBA​Alternative Investments; Portfolio Management​​H. Kent Baker
To be announced​​TBA
June 6, 2020
​Selected by candidate


​February 12, 2020
Ethics; Quantitative Methods; Economics​Randy Nordby​
​March 11, 2020
Financial Reporting and
Randy Nordby​
April 8, 2020​​TBA
Corporate Finance;
Equity Investments
Randy Nordby​
​April 22, 2020
​Alternative Investments;
Fixed Income
​Randy Nordby
May 6, 2020​​TBA
Portfolio Management
​Randy Nordby
To be announced​​TBA
​June 6, 2020
​Selected by candidate


​February 13, 2020​
TBA​Behavioral Finance; Capital Market Expectations; Asset Allocation​​Randy Nordby
​March 12, 2020
​Asset Allocation; Derivatives; Currency Management
​Randy Nordby
​April 9, 2020
Fixed Income; Equities; Alternative Investments​Randy Nordby​
​April 23, 2020
​Private Wealth; Institutional Investors
​Randy Nordby
​May 7, 2020
​Trading; Performance Evaluation; Manager Selection
​Randy Nordby
​To be announced
​June 6, 2020
​Selected by candidate

​Finally and as mentioned above, you will also be able to attend the live Kaplan Schweser classes held in downtown Washington, DC (10 G Street, NE, Suite 600), as follows:

   ●  Level 1 - Every Wednesday, starting January 22, 2020 and ending April 29, 2020.

   ●  Level 2 - Every Monday, starting January 27, 2020 and ending May 4, 2020.

   ●  Level 3 - Every Tuesday, starting January 21, 2020 and ending April 28, 2020.


1)  Meet with your Manager to obtain full support (both time to attend 5 World Bank Treasury on-site training sessions as well as financial reimbursement ($1,240 for Kaplan Schweser/WBG Review Package and approximately $1,000 for the Level 1 CFA Examination materials and registration costs). Some Managers will provide full support and reimbursement and some, for valid business reasons, may elect not to provide support. 

2)  Go to the CFA Institute website at to register for the June 2020 Examination.  The longer you wait to register, the more expensive it will be and the less time there will be to study. The standard registration deadline is February 12, 2020 and the late registration deadline is March 11, 2020.

3)  Go to the Kaplan Schweser website at and register for the June 2020 examination materials noting that the public classes start in late January 2020 and the WB-only classes start the week of February 10, 2020 (all levels). The course price is $1,240 in the DC area and $1,140 outside of DC (excludes live in-house sessions). Once students access the portal, candidates can "browse the catalog" without creating an account but if they are purchasing products, an account must be created. Most, if not all, World Bank candidates will use the "new users" section of the portal. ​

4)  Once you receive your materials, start studying and attend as many of the classes as you can!

Eli Bielasiak, CFA
World Bank Treasury (QSA)  
Email:           Phone: 202-458-9798 

Stuart B. Cohen, CFA
World Bank Group Finance & Accounting (WFASF)
Email:                    Phone: 202-458-1626  

Jaime Daoust
Email: Phone: 608-779-5599, ext. 2244 

Ellen Kertis
Email: Phone: 608-779-5599, ext. 2485 

Launch Date : Dec 10, 2019
Description :

I am pleased to announce the appointment of Satu Kristiina Kahkonen as Country Director, Indonesia and Timor-Leste in the East Asia and Pacific Region (EAP).

Ms. Kahkonen, a Finnish national, joined the Bank in 2000 as Senior Economist in the Africa Region. She has since held various positions, her current assignment being Country Director for Belarus, Moldova and Ukraine in the Europe and Central Asia Region.

In her new position Ms. Kahkonen’s top three priorities will be to: (i) support the realization of Indonesia’s ambitious economic and social reform agenda; (ii) maintain a vibrant and diversified World Bank Indonesia program; and (iii) deepen the partnership and engagement with Timor-Leste.   

Ms. Kahkonen was selected to this position through the Bank-wide competitive managerial selection process. Her appointment is effective February 15, 2020.


Victoria Kwakwa 
East Asia and Pacific Region


Launch Date : Dec 10, 2019
Description :

​​September 30, 2019 Financial Statements

The Audit Committee reviewed and discussed the September 30, 2019 Management's Discussion and Analysis (MD&A) and Financial Statements for IBRD, IDA, IFC, and MIGA on November 13, 2019 which are now publicly available online for IBRDIDAIFC, and MIGA. These documents present the entities' financial and operational results for the fiscal year and highlight the strength of the financial positions of the World Bank Group entities, steady demand for financing, and continued support from shareholders.

The financial statements provide information to investors in IBRD's, IDA's and IFC's bonds, rating agencies, members and shareholders, as well as other stakeholders, about the results of operations, financial position, and cash flows of t​h​e institutions. The MD&As provide a narrative from management's perspective on the institutions performance over the past year. In particular, the MD&A provides useful information on the business models, governance and risk management of each entity.

Below is an at-a-glance view of the key measures from the MD&As and Financial Statements for September 2​019. You can see more details of the year-to-date (YTD) performance of the individual entities by clicking on the cards.

World Bank Group At-A-Glance

Links to the MD&A and Financial Statements for each of the World Bank Group institutions are provided below.

For any questions on the MD&A and financial statements please contact:


​Pam O'Connell

WBG Chief Accountant


Launch Date : Dec 10, 2019
Description :

​​The Middle East and North Africa Gender Innovation Lab (MNAGIL) has issued its first Newsletter, where we announced the top 5 winners of the Lab’s 2019 Call for Expressions of Interest. These works of experimental research are aimed at finding the best evidence-based policy interventions to increase women's economic participation in the MNA region.

We have also announced the launch of the​​​​ MNA Innovative Gender Intervention Fund. We seek the best new policy-relevant research to apply lessons of effective evidence-based interventions across programs supported by the World Bank and development partners to close the many gender gaps in the region.

Visit us at to learn more and contribute to our program in the region. 

Launch Date : Dec 10, 2019
Description :

​Come and join us for a fruitful collaboration between the World Bank and the Korea Research Institute for Human Settlements (KRIHS) to exchange ideas and experiences related to the challenges of rapid urbanization and planning for livable neighborhoods.

The half-day workshop aims to bring KRIHS delegates, practitioners and WB staff together to:

  • Exchange ideas and experiences of each institution related to the topic of planning for livable neighborhoods

  • Review outcomes of 2019 WB-KRIHS partnership activities

  • Discuss potential areas and activities for collaboration for 2020


Join Using WebEx

Meeting password: u25c3sp2

Meeting number: 735 144 875​


9:00-9:15 am | Breakfast & Registration

9:15-9:30 am | Opening Remarks

  • Sameh Wahba, Global Director for Urban, Disaster Risk Management, Resilience and Land Global Practice, WB

9:30-9:45 am Overview of WB-KRIHS Partnership Activities

  • ​Peter Ellis, Global Lead for Sustainable City Infrastructure and Services GSG and Lead Urban Economist, WB

9:45-11:15 am | Presentations

  • ​Moderated by Yoonhee Kim, Senior Urban Economist, WB 
  • Disaster Preventive Urban Planning for Resilient City in Korea, Dr. Byoung Jae Lee, Associate Research Fellow, KRIHS
  • Open Geospatial Technologies for Improving Situation Awareness in Korea, Dr. Hae Kyong Kang, Research Fellow, KRIHS
  • Using a Spatial Approach to Enhance Territorial Development, Nancy Lozano Gracia, Senior Economist, WB
  • Smart Neighborhoods: Disrupting Urban Planning and Design, Hyunji Lee, Urban Specialist Consultant, WB

11:15-11:30 am | Coffee Break

11:30-12:00 pm | Roundtable Discussion

  • Moderated by Peter Ellis, Global Lead of Sustainable City Infrastructure and Services GSG and Lead Urban Economist, WB

12:00-12:15 pm | Wrap-up and Closing Remarks


Co-organized by the WB Sustainable City Infrastructure and Services GSG​ and Korea Research Institute for Human Settlements

Launch Date : Dec 10, 2019
Description :

​I am pleased to announce the appointment of Mara Warwick as Country Director, Tanzania, Malawi, Zambia and Zimbabwe, based in Dar-Es-Salaam.

Ms. Warwick, an Australian national, has over twenty years of development experience in China, the Philippines, Turkey and Mongolia, with her most recent assignment as Country Director, Brunei, Malaysia, the Philippines and Thailand in the East Asia and Pacific Region.

In her new position, Ms. Warwick's top priorities will be to: (i) work in close collaboration with the governments and national stakeholders of the four countries in support of their growth and poverty reduction objectives, adapting development approaches as needed; (ii) manage the Tanzania office, and lead and support staff and the country team, working closely with internal and external partners, to enhance results on the ground; and (iii) contribute to regional and corporate initiatives.

Ms. Warwick was selected to this position through the Bank-wide competitive managerial selection process. Her appointment is effective February 1, 2020.


Hafez M. H. Ghanem


Africa Region

Launch Date : Dec 9, 2019
Description : This is an IFC Announcement and description is currently not available
Launch Date : Dec 9, 2019
Description : This is an IFC Announcement and description is currently not available