Vel Gnanendran

Great to see these exchanges on global economic governance. A critical issues for the World Bank this year as we embark on the Shareholding Review.

This Week @ The World Bank Board As this is my first update of 2025, I want to wish everyone a Happy New Year! I saw the New Year in from Florida, the 'Sunshine State'. And perhaps that had a lasting effect on me as I'm feeling cauti...

My first update of 2025 from the World Bank Board is out now 👇🏾 #CautiousOptimism

www.linkedin.com/pulse/week-w...

IDA21 reaches a record $100bn. Delighted that the UK was able to support. #IDA21 is simpler for clients, more focused on impact, creating jobs, tackling fragility, building resilience & empowering women. These will be the metrics of success in the years ahead. But today 👏🏽 to all involved!

Pleased to be at the UN for the second preparatory session ahead of the Financing for Development conference (which 🇪🇸 will host next summer). Partnerships between the UN and International Financial Institutions will be critical to success.

New UK investment to unlock billions to tackle root causes of irregular migration, climate change and growth crises UK announces contribution to International Development Association (IDA), the World Bank’s fund for the world’s lowest income countries

Today the UK announced a 40% increase in its commitment to IDA - the World Bank’s fund for low-income countries. Critical that we sustain the momentum towards a successful IDA21 replenishment next week in Seoul 🇰🇷 #IDAWorks

www.gov.uk/government/n...

Beyond the World Bank Board This week started with the G20 in Rio and ended with my news feed dominated by coverage of COP29. I've also been talking to colleagues about how best the Bank can support the Fourth UN Financing for D...

My thoughts this week on how the World Bank Board must continue to emphasise strong partnerships with wider international processes like the #G20 🇧🇷 🇿🇦 #COPs 🇨🇴 🇦🇿 🇸🇦 and UN 🇺🇳

www.linkedin.com/pulse/beyond...

The case for IDA is so strong so we should keep making it!

And Korea has announced a 45% increase to #IDA21 👏🏽 🇰🇷

Biden pledges record $4 billion to World Bank fund for poorest countries U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday.

Great to see US announce $4bn for #IDA21 at #G20 in 🇧🇷. Norway also announced a 50% increase in their contribution 👏🏽 🇺🇸 🇳🇴

www.reuters.com/world/biden-...

Thanks Paddy!

Thanks Bernard!

Climate @ The World Bank Board A different update this week as I was in London for most of it. A reminder that, as Executive Directors, we wear two hats: our World Bank one - which requires to think about what is right for the inst...

I post a regular update over on LinkedIn.com about what I’ve been focused on at the World Bank. Check it out👇🏾

www.linkedin.com/pulse/climat...