The World Bank yesterday announced the appointments of William Maloney as chief economist for the Latin America and Caribbean (LAC) region and Lilia Burunciuc in the post of World Bank country director for Caribbean countries.
With regard to the latter, Burunciuc will be based in Kingston, Jamaica. According to the bank, the Moldovan national brings a wide range of development experience to her new role.
Since joining the World Bank in 1996, she has held leadership positions in several countries and regions, including in Europe and Central Asia and Sub-Saharan Africa. Her previous posting was as country director for Central Asia.
Prior to working with the World Bank, Burunciuc serves as deputy governor of the National Bank of Moldova.
“I look forward to continuing and deepening the World Bank’s strong partnership with Caribbean countries to increase their resilience and address their most pressing development challenges,” she stated in a release.
“Economically, Caribbean small states dependent on tourism have been disproportionately impacted by the COVID-19 pandemic. I am committed to working closely with our partners in the Caribbean, including government, private sector, and civil society, to support the region’s green, resilient, and inclusive recovery,” she added.
The new country director for the Caribbean holds a Master of Public Administration from George Washington University and a master’s degree in economics, management, and planning from the Technical University of Moldova.
In her current role, Burunciuc will lead the implementation of the World Bank’s programmes spanning 13 countries and worth US$2.7 billion.
Maloney, for his part, will assume responsibility for providing guidance on strategic priorities and technical quality of economic analysis in the region, as well as for developing major regional economic studies, among other roles.
“Latin America and the Caribbean face unprecedented challenges exacerbated by the COVID 19 pandemic and I’m honored to have the opportunity to lead a team dedicated to finding solutions that will help the region move to a more dynamic and inclusive growth path,” Maloney noted.
“I started my career at the World Bank in Latin America and the Caribbean and am happy to be returning to a region that I have grown to feel is my own,” he continued.
A US national, Maloney began his career with the bank in 1998 as a senior economist for the Latin America and Caribbean region. Since then he has held various positions, including lead economist in the Office of the Chief Economist for Latin America, lead economist in the Development Economics Research Group, chief economist for trade and competitiveness, and global lead on innovation and productivity.
In addition, the American serves preciously as chief economist for Equitable Growth, Finance and Institutions (EFI) Vice Presidency. Between 2011 and 2014, Maloney was a visiting professor at the University of the Andes and worked closely with the Colombian Government on innovation and firm upgrading issues.