David R. Malpass
President, World Bank Group
David R. Malpass was selected as the 13th President of the World Bank Group by the Bank’s Board of Executive Directors on April 5. His five-year term began on April 9, 2019.
Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. As Under Secretary, Mr. Malpass represented the United States in international settings, including the G-7 and G-20 Deputy Finance Ministerial, World Bank-IMF Spring and Annual Meetings, and meetings of the Financial Stability Board, the Organization for Economic Cooperation and Development, and the Overseas Private Investment Corporation.
In 2018, Mr. Malpass successfully advocated for the capital increase for the IBRD and IFC as part of a larger reform agenda featuring sustainable lending practices, more efficient use of capital, and a focus on improving living standards in poor countries. He was also instrumental in advancing the Debt Transparency Initiative, adopted by the World Bank and IMF, to increase public disclosure of debt and thereby reduce the frequency and severity of debt crises.
Prior to becoming Under Secretary, Mr. Malpass was an international economist and founder of a macroeconomics research firm based in New York City. Mr. Malpass served as chief economist of Bear Stearns and conducted financial analyses of countries around the world.
Executive Vice President and Chief Executive Officer, Multilateral Investment Guarantee Agency (MIGA)
Keiko Honda is Executive Vice President and Chief Executive Officer of the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group. MIGA supports cross-border equity investors and lenders by providing coverage against currency inconvertibility and transfer restriction, expropriation, war and civil disturbance, breach of contract, and non-honoring of financial obligations.
As part of a personal commitment to raising the visibility of female leaders, Honda launched MIGA’s first Gender CEO Award in 2016. The award acknowledges the achievements of a woman leader among MIGA’s clients, and showcases the importance of women in leading and spurring private sector activity in developing countries. In a personal capacity, Honda is also a member of the Investments Committee of the United Nations. Previously, Honda was the first woman Senior Partner at McKinsey & Company in Asia. During her twenty-four years at McKinsey, she supported financial institutions after several financial crises. Honda holds a bachelor’s degree in consumer economics from Ochanomizu University and an MBA from the University of Pennsylvania’s Wharton School, where she was selected as a Fulbright Scholar.
CEO, Rikweda Fruit Processing Company
Mase Rikweda started the Rikweda Fruit Processing Company in 2014. This company was a start-up that sought to bring the latest raisin wash technology to Afghanistan’s raisin sector. From proposing and developing the concept to finally implementation in 2018, against the specific difficult economic and political circumstances of Afghanistan, the country’s most modern processing factory is ready to disrupt the raisin processing sector in and outside of Afghanistan, from empowering the local growers, to providing a great product to end consumers across the globe. This project has created 60 employment opportunities for men and women in what is unfortunately a poor corner of the world. Over 50% of the company’s workforce is women led. As of date, Mase is looking forward to helping the development of Afghan raisins by focusing on helping Afghan farmers gain access to key extension services to produce a market-oriented product, fighting for global market share and creating a positive brand for Afghan raisins. It will also mean greater exports at premium prices thus improving the productivity, sustainability and commerciality of the Afghan raisin value chain as whole.
Merli Margaret Baroudi is a Director of Economics and Sustainability at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group. Ms. Baroudi joined MIGA in November 2016 and is responsible for MIGA’s economics, country risk management, evaluations and environment and social development functions.
Prior to joining MIGA, Ms. Baroudi worked at the World Bank from 2003 as Director and Chief Credit Officer. Prior to joining the World Bank Group, Ms. Baroudi worked for the Economist Intelligence Unit of the Economist Group and JP Morgan Chase& Co.
Ms. Baroudi holds an MA in Development Economics and International Trade from Columbia University and an MA in Area Studies in the Middle East, with concentration in Economics.
Jacob Jusu Saffa
Minister of Finance, Sierra Leone
Jacob Jusu Saffa is Minister of Finance of Sierra Leone as of April 12, 2019. He was a member of a Transition Team set up by President Bio to conduct a stock taking exercise of the state of affairs of Government Ministries, Department and Agencies. He was the Team Lead for the Finance and Economic Development Pillar under the Transition Team.
Mr. Saffa started his career as a Development Planning Officer at the Ministry of Development and Economic Planning. He also has experience in training and facilitating, community mobilization and working in conflict and post-conflict environments. Mr. Saffa is familiar with donor procedures and operations including that of the UN system, World Bank and the AFDB. Between 2002 and 2005 (post-war reconstruction and reintegration era), he served as HD Specialist in the WB Sierra Leone Country Office. Between 1994–2002, he was a part-time lecturer at the Department of Economics, Fourah Bay College, University of Sierra Leone. In 2005, Mr. Jacob Jusu Saffa became the National Secretary General of the Sierra Leone People's Party (SLPP), a position he held until 2011. During the 2018 general elections, Mr. Saffa was the Chairman for the SLPP Election Management Team.
He holds a Bachelor of Science (honours) degree in Economics from Fourah Bay College, University of Sierra Leone and a Master of Arts degree in Economic Development and Planning from the United Nations Institute for Economic Development and Planning in Dakar, Senegal.
Vice President, South Asia Region, World Bank Group
In managing the World Bank’s engagement in South Asia to end extreme poverty and boost shared prosperity, Schafer leads relations with Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. He manages a portfolio of financial support worth more than $50 billion.
Before joining the region, Schafer served as the Vice President for Global Themes where he oversaw the World Bank Group’s engagement in corporate priority areas of Fragility, Conflict and Violence, Gender, Infrastructure, Public-Private Partnerships, Guarantees, Climate Change, and Knowledge Management.
In his previous role as Vice President for Operations Policy and Country Services, Schafer was responsible for the World Bank’s business policies, practices, and procedures for lending products and knowledge services to client countries. He led several key reforms, including the rollout of the Bank’s new policies on procurement, environmental and social safeguards, and innovation of the Bank’s lending and knowledge instruments.
Previously, Schafer served as the World Bank’s Country Director for Djibouti, Egypt, and Yemen in the Middle East and North Africa Region. He was Director for Strategy and Operations in the Sustainable Development Network. Schafer has also worked as Director for Operations and Strategy in the Africa Region, Country Director for Malawi, Zambia and Zimbabwe and Chief Administrative Officer in the Africa Region.
Senior Underwriter, MIGA
Kyoo-Won Oh is a Senior Underwriter at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.
Oh joined MIGA in 2010 after working at the World Bank as a Financial Sector Specialist. In his current position, Oh is responsible for leading the underwriting process as well as business development for projects in the agribusiness and general services sector. He has significant experience underwriting projects in fragile and conflict-affected situations such as Afghanistan, Burundi, Sierra Leone, and the West Bank and Gaza. Prior to joining the World Bank Group, Oh held several positions in the Export-Import Bank of Korea, including on the project finance, trade finance, debt capital markets, and strategic management teams.
Vijay Iyer is Vice President and Chief Operating Officer at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group. He is responsible for overseeing the Guarantee Operations Group of the Agency and leading the Agency’s partnerships with the World Bank Group, other Multi and Bilateral institutions and Governments.
Iyer served at the World Bank Group between 1993 and 2015, where he has held various positions, including Sector Manager, Africa Energy; Director, Sustainable Energy and Extractives; and Senior Adviser, Infrastructure. He joined MIGA from Rio Tinto, a leading global metal and mining company, where he served as Managing Director in India for the past three years.
Iyer previously had important positions in public administration and economic development as a member of the Indian Administrative Services, and experience in banking and private industry. He holds MS Chemistry from Jabalpur University India, and a Masters in Management from Yale University.