WORLD BANK MANAGING DIRECTOR VISITS ZAMBIA

World Bank Group Managing Director and Chief Financial Officer Ms. ANSHULA KANT is today expected to visit Zambia.

Ms. Kant will hold high-level talks with the Government and visit some World Bank funded projects. She will be accompanied to Zambia by Dr. SAMUEL MAIMBO, Director, Development Finance, World Bank – International Development Assistance (IDA) and World Bank – International Bank for Reconstruction and Development (IBRD).

PROFILE

ANSHULA KANT was appointed Managing Director and World Bank Group Chief Financial Officer on October 7, 2019. In this role, she is responsible for financial and risk management of the World Bank Group, reporting to the President. Among other key management duties, her work includes oversight of financial reporting, risk management and mobilization of IDA and other financial resources.

Through her work at the State Bank of India (SBI), Ms. KANT has more than 35 years of experience in banking, including retail and corporate banking, mortgage finance, local currency and foreign exchange instruments, and a diverse array of leadership challenges covering finance, risk, operations, treasury, funding, regulatory compliance and general management. As CFO of SBI, Ms. KANT managed US $38 billion of revenues and total assets of US $500 billion. Stewarding the organization, she greatly improved the capital base and focused on the long-term sustainability of SBI within her mandate.

She was a Managing Director and member of the Board of SBI from September 2018 till August 2019. With direct responsibility for the SBI’s Risk, Compliance, and Stressed Asset Portfolio, Ms. Kant led the creation of investment opportunities while empowering risk management throughout the bank.

Ms. Kant, a native of India, earned her bachelor’s degree with honours in Economic from Lady Shri Ram College for Women and a master’s degree in Economics from Delhi School of Economics.