Managing Director and World Bank Group Chief Financial Officer Bertrand Badré to Visit Russia

Moscow, November 6, 2013 – Managing Director and World Bank Group Chief Financial Officer Bertrand Badré will visit Russia on November 7th – 8th, 2013.

Mr. Badré will be representing the World Bank Group at the G20 Financial Stability Board Plenary Meeting, hosted by the Central Bank of Russia. In addition, he will get first-hand information on Russia’s growing role as a regional and global player in development when he meets with Ministry of Finance and the Central Bank of Russia officials, as well as representatives of a national think-tank and business communities to discuss economic and social challenges facing the country.

“It will be my first visit to Russia since joining the World Bank Group in March 2013. I am looking forward to contribute to the international dialogue on financial standards and best practices at the Financial Stability Board Meeting organized in the framework of Russia’s G20 chairmanship,” commented Mr. Badré on the eve of his arrival to Russia.

Meetings will focus on the priorities of the World Bank Group partnership with the Russian Federation, a high-income country, especially in the areas of public financial management, financial markets development, and corporate governance of financial institutions. Mr. Badré will enquire on how best the Bank Group could support Russia’s inclusive growth and shared prosperity, including possible greater involvement in areas such as debt management.  Mr. Badré will also share and seek views on the World Bank Group’s corporate developments and change process.

During his visit, Mr. Badré will have an opportunity to meet some of IFC's clients (International Finance Corporation)  to better familiarize himself with the private sector development agenda and learn about the companies’ partnership with IFC in Russia.

About the World Bank Group

The World Bank Group is one of the world’s largest sources of knowledge and funding for its 188 member-countries. The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues. The World Bank Group comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a distinct role in the World Bank Group’s mission to end extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3 percent, and promote shared prosperity by fostering the income growth of the bottom 40 percent for every country.