World Bank CEO to visit Mumbai Suburban Rail system

During her first official visit to the country, Georgieva will meet with senior leaders at a time when India’s economic growth is “one of the bright spots” in the global economy, the World Bank said in a statement. Kristalina Georgieva will hold discussions with Arun Jaitley and other key policy-makers
Kristalina Georgieva, Chief Executive Officer of the World Bank

MUMBAI: World Bank’s Chief Executive Officer Kristalina Georgieva will see the operations of the Bank-supported suburban rail system in Mumbai during her India visit starting today.

During her first official visit to the country, Georgieva will meet with senior leaders at a time when India’s economic growth is “one of the bright spots” in the global economy, the World Bank said in a statement.

“India is our biggest middle-income client. Its economic growth influences global growth. Its achievements in health and education contribute to the world achieving the Sustainable Development Goals.

“I am keen to learn more as India is a laboratory for the world to learn about what works in development and to find new ways to collaborate,” Georgieva said.

She will reach Mumbai tonight. As per the statement, she will hold discussions with the Finance Minister Arun Jaitley, and other key policy-makers. She will also meet with Chief Minister of Maharashtra Devendra Fadnavis and RBI Governor Urjit Patel.

“While in Mumbai, she will have the opportunity to see how the operations of the World Bank-supported suburban rail system – which carries about eight million commuters each day – is serving a fast growing and urbanising India,” the World Bank’s release said.

She will also visit a school serving low-income households, and children with special needs (part of Centre’s Sarva Shiksha Abhiyan programme, supported by the Bank) to see how Mumbai’s administrators are striving to ensure that basic services are delivered to all residents of the city, one-third of whom live in slums.

Kristalina Ivanova Georgieva-Kinova is a Bulgarian politician and the current CEO of the World Bank. Until 2017, she was European Commissioner for Budget and Human Resources in the college of the Juncker Commission. From 1993-2010, she served in a number of positions in the World Bank Group, eventually rising to become its vice president and corporate secretary in March 2008. She has also served as a member of the board of trustees and associated professor in the Economics Department of the University of National and World Economy in Bulgaria. On 27 September 2016, the Bulgarian government nominated Kristalina Georgieva for the post of United Nations Secretary-General. Her short run Secretary-General at the UN ended following a vote at the UN Security Council on 5 October, where Georgieva ranked number eight out of ten candidates. In the same vote, António Guterres got the support of the Security Council for the post of UN Secretary-General. On 28 October, the World Bank announced that Georgieva would become the first CEO of the bank starting on 2 January 2017.

Georgieva was named “European of the Year” in 2010 and “EU Commissioner of the Year” as an acknowledgment of her work, in particular, her handling of the humanitarian disasters in Haiti and Pakistan. Previously, she had been nominated among the candidates for the category “Commissioner of the Year”, the prestigious award organized by the European Voice newspaper.

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