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World Bank Group appoints new VP for Caribbean and Latin America

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World Bank Group appoints new VP for Caribbean and Latin America

Susana Cordeiro Guerra has been named by the World Bank Group as the new Vice President overseeing the Latin America and the Caribbean (LAC) region, with her appointment taking effect immediately. In this capacity, she will coordinate the Bank’s engagement with 31 nations within the region and manage a portfolio valued at US$41.5 billion in ongoing projects. Her office will be situated at the Bank’s headquarters in Washington, D.C, shared a WBG press release.

Ms. Cordeiro Guerra is notably the first woman from Latin America to assume this leadership role. She brings extensive expertise in areas such as development effectiveness, institutional capacity building, and innovative financial solutions. Her objective is to further the Bank’s mission of fostering employment-focused growth, achieving tangible results, and enhancing collaboration between the public and private sectors throughout LAC.

Expressing her commitment, Ms. Cordeiro Guerra stated, “As I begin this role, my priority is to support Latin America and the Caribbean in creating quality jobs that are the foundation of inclusive growth and poverty reduction. Jobs not only provide income, they bring dignity, strengthen communities, and expand opportunity. By working with governments, the private sector, and local partners, we can create the conditions for investment and innovation that translate into more resilient economies and more prosperous societies.”

Prior to her appointment, she reportedly held senior roles at the Inter-American Development Bank (IDB), where she directed strategies related to fiscal and economic initiatives, promoted data-driven policymaking, and supported financial innovation.

Between 2019 and 2021, she managed Brazil’s National Statistics Office (IBGE), overseeing a workforce of 12,000 employees and leading efforts to modernize the country’s official statistics and national census. Earlier in her career, she contributed to the World Bank Group across various departments and regions, focusing on decentralization and regional development.

According to the WBG, her academic background includes a Ph.D. in Political Science from the Massachusetts Institute of Technology (MIT), a Master’s degree in Public Administration and International Development from Harvard Kennedy School, and an undergraduate degree in Social Studies from Harvard College. Her scholarly work covers topics such as public sector innovation, higher education and labor market outcomes, and regional disparities resulting from decentralization.

She succeeds Carlos Felipe Jaramillo, who has been appointed as Vice President for East Asia and the Pacific.