Aparna appointed as Executive Director of World Bank
The Appointments Committee of the Cabinet (ACC) has appointed senior IAS officer from Gujarat S. Aparna as Executive Director of the World Bank.
At the World Bank, she will represent the constituency of India, Bangladesh, Bhutan and Sri Lanka for three years. She will replace Subhash Garg, who was recently appointed Economic Affairs Secretary, Union Ministry of Finance.
About S. Aparna
She is 1988-batch IAS officer, currently Principal Secretary to Gujarat Chief Minister Vijay Rupani. Besides, she also has senior positions in Gujarat such as Economic Affairs, Surat Municipal Commissioner and Joint Secretary, Urban Development at centre.
About World Bank
World Bank is one of five institutions created at the Breton Woods Conference in 1944. It is part of the United Nations system, but its governance structure is different. Its headquarter is situated at Washington DC. World Bank provides loans to developing countries for capital programmes.
World Bank comprises only two institutions viz. the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). In contrast, World Bank Group comprises three more viz. Multilateral Investment Guarantee Agency (MIGA), International Finance Corporation (IFC) and International Centre for Settlement of Investment Disputes (ICSID).