The Washington DC headquarters of the World Bank Thursday announced William Maloney has been appointed as of July 1 as its new Chief Economist for the Latin America and the Caribbean (LAC) Region.
Fast-growing trade and investment between the Asia-Pacific area and Latin America and the Caribbean have transformed the two regions into powerful motors for the world economy, with two-way trade hitting 442 billion dollars last year. The time is right to deepen cooperation so as to ensure future growth and prosperity, according to a new study.
Hasan Tuluy, a Turkish national and a strong supporter of inclusive growth, will become the new World Bank Vice President for Latin America and the Caribbean (LAC) as of January 1st, 2012. Mr. Tuluy will oversee the Bank’s lending, knowledge, and poverty-fighting operations in the region, which totalled 9.6 billion dollars in fiscal year 2011.