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RAJESH KHULLAR APPOINTED EXECUTIVE DIRECTOR AT WORLD BANK

RAJESH KHULLAR APPOINTED EXECUTIVE DIRECTOR AT WORLD BANK

Context

Recently, the Appointments committee of the cabinet has approved the appointment of Haryana IAS officer Rajesh Khullar as executive director, World Bank headquarters, in Washington DC.

Details

  • Rajesh Khullar as executive director will represent India, Bangladesh, Bhutan and Sri Lanka in the World Bank.
  • The World Bank Group comprises 25 executive directors who each represent a country, or constituency of countries, are either appointed or elected to the position.
  • His tenure will be for three years from the date of assumption of charge or till he retires in August 2023.
  • He is a 1988 batch IAS officer, and he is currently posted as principal secretary to chief minister of Haryana.
  • In 2009, he received an ‘Award of Excellence’ under JawaharLal Nehru Urban Renewal Mission (JNNURM) from the central government “for designing and implementing India’s first comprehensive social safety umbrella that included insurance, saving accounts, public conveniences and night shelters”.

About World Bank

  • It is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
  • It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.
  • Key facts
    • Headquarters: Washington, D.C., United States
    • President: David Malpass
    • Parent organization: World Bank Group
    • Membership: 189 countries (IBRD); 173 countries (IDA)
    • Founders: John Maynard Keynes, Harry Dexter White

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