World Bank appoints new VP for LatAm, Caribbean

World Bank appoints new VP for LatAm, Caribbean

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The World Bank said on Wednesday it appointed Carlos Felipe Jaramillo vice president for the Latin American and Caribbean region (LAC).

An economist with almost two decades of experience in the bank, Jaramillo will manage World Bank relations with 31 countries and a $32 billion portfolio of ongoing projects, technical assistance and grants.

Jaramillo's appointment is effective July 1.

"Mr. Jaramillo will lead the bank's unprecedented response to the Covid-19  crisis in the region," the bank said.
The World Bank deployed roughly $700 million to 14 countries in the LAC region for the acquisition of gloves, masks, respirators, and other critical medical supplies. It said it expects, over the next 15 months, to provide as much as $160 billion in assistance to developing countries, with much of this amount to help LAC governments better deal with the emergency.

“It is an honor and privilege to be returning to the LAC region at this time to help our countries face the enormous challenges ahead,” Mr. Jaramillo said in the statement.