Financial Times

World Bank's new VP for South Asia

WASHINGTON - The World Bank has announced the appointment of a new Vice President for the South Asia region, Praful C. Patel, a Ugandan national, whose career of nearly 30 years with the institution has placed him at the heart of its poverty reduction mission in nearly every region of the world.

He replaces Mieko Nishimizu who is retiring. A senior corporate leader in the World Bank, Patel has worked on a wide variety of issues including urban development, infrastructure, private sector development, the financial sector and macro-economic management. He has worked in regions as varied as Africa, East Asia, Latin America, North Africa and the Middle East.

Patel joined the World Bank in 1974 through its Young Professional Programme after completing his higher education at the University of Nairobi in Kenya and receiving a Master's Degree from the Massachusetts Institute of Technology (MIT) in the United States.