September 30, 2016 12:26 AM ET


Company Overview of The World Bank Group

Company Overview

The World Bank Group provides financial and technical assistance services for the developing countries. It offers low-interest loans, interest-free credits, and grants for education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The company also provides analytical services such as poverty assessments, public expenditure reviews, country economic reports, sector reports, and capacity building; advisory services that include foreign investment, investment promotion, and treasury client services; and consulting services. In addition, it offers financing for businesses and governments; gua...

1818 H Street NW

Washington, DC 20433

United States

Founded in 1944





Key Executives for The World Bank Group

Age: 56
Chair, Chief Operating Officer and Managing Director
Chief Financial Officer and Managing Director
Chief Administrative Officer and Managing Director
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2016.

The World Bank Group Key Developments

Telenor Reportedly Eyeing Business Merger With Tikona

A source stated, “Both parties are in active discussions for a potential merger of parts of their broadband spectrum business to address a larger market together. The focus is likely to be on the data business and the voice segment may be kept separate.” Tikona Digital Networks Pvt. Ltd. also counts The World Bank Group’s International Finance Corporation, L&T Infrastructure Finance Co. Ltd., and Oak Investment Partners as its investors. Another source stated, “The deal would give Telenor (India) Communications Private Limited and Tikona additional footprint in new circles. They can also benefit from synergies in terms of respective teams and operational capabilities.” In response to an email query from ET NOW, Telenor responded saying, “As a general principle, we do not comment on rumors and speculations in the market,” while Tikona Digital Networks responded saying that as a company policy, we do not comment on speculation.

the World Bank Group Announces Management Changes

The World Bank Group announced that Junaid Ahmad has taken over as the World Bank’s new Country Director for India, replacing Onno Ruhl who completed his four-year term. Ahmad was formerly the Chief of Staff to World Bank Group President Jim Yong Kim. After joining the World Bank in 1991 as a Young Professional, he worked on infrastructure development in Africa and Eastern Europe. Based in New Delhi between 2000 and 2005, Ahmad played a leading role across a number of sectors, both in India and the region. Prior to joining the President’s office, Ahmad was a Senior Director at the World Bank, where he led the Bank’s global engagement in the water sector.

World Bank Appoints Junaid Ahmad as its Country Director for India

World Bank has appointed Junaid Ahmad as its country director for India. Ahmad has replaced Onno Ruhl.

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