New World Bank VP Van Trotsenburg to visit in an effort to accelerate recovery efforts | SOUALIGA NEWSDAY

SINT MAARTEN (PHILIPSBURG) – New World Bank Vice President for Latin America and the Caribbean (LAC), Axel van Trotsenburg, will start a two day visit to Sint Maarten on May 16 to meet with Prime Minister Leona Romeo-Marlin, other cabinet ministers, members of the parliament, as well as key representatives from the private sector and civil society to discuss the country’s efforts to build back better after Irma. 

Accompanied by Tahseen Sayed, World Bank’s Country Director for the Caribbean and Trust Fund Program Manager Michelle Keane, Mr. van Trotsenburg will visit the Sint Maarten Training Foundation and facilities at NIPA which provides a stipend, training and certifications in hospitality or construction to nearly 900 people who lost their jobs after hurricane Irma. 

Axel van Trotsenburg will also tour other recovery projects financed by the Sint Maarten Trust Fund including the Belvedere neighbourhood where more than 100 social homes have been repaired by the Sint Maarten Housing Development Foundation, the police station in Philipsburg which was recently repaired and upgraded to provide emergency services in case a new hurricane hit the island. In addition, Mr. van Trotsenburg will discuss the preparations for fire suppression activities at the waste disposal site at Salt Pond Lake. 

Axel van Trotsenburg, an economist and development expert with over 30 years of experience at the World Bank Group, manages the Bank’s relations with 31 countries in Latin America and the Caribbean and a portfolio of ongoing projects, technical assistance and grants of about US$30 billion. 

He was most recently the World Bank Vice President of Development Finance (DFi), where he oversaw the strategic mobilization of resources, including for the World Bank Group’s International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD), as well as a multibillion-dollar trust fund portfolio.

He co-led the World Bank Group’s efforts to obtain a capital increase, which resulted in shareholders endorsing a transformative capital package in April 2018, including an increase in IBRD capital by US$60 billion. He also led the policy negotiations and replenishment process for two IDA replenishments, which together mobilized a record US$125 billion for programs in the world’s poorest countries. 

Prior to his role as Vice President of DFi, he served as Vice President for the East Asia and Pacific Region from 2013 to 2016. From 2009 to 2013, he served as Vice President for Concessional Finance and Global Partnerships. He also served as Country Director for Colombia and Mexico, from July 2007 to July 2009; and Country Director to Argentina, Chile, Paraguay, and Uruguay, from 2002 to July 2007. In the beginning of his career, he also worked as Country Economist for Guatemala. 

Mr. van Trotsenburg, a dual Dutch and Austrian citizen, holds a master’s and a doctorate degree in economics and a master’s degree in international affairs.

Source: Souliga Newsday