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Who is Marianne Fay, the new number one of the World Bank in Argentina


The directive replaces Jordan Schwartz. He comes from managing the Andean region.

The headquarters of the World Bank in Argentina has a new number one.

This is Marianne Fay, who will take over as director of the entity and will also have Paraguay and Uruguay under her command, although based in Buenos Aires.

Fay replaces Jordan Schwartz, who was designated in Eastern Europe.

Throughout her career, the official worked on

development issues

, specializing in

 infrastructure, environment

, green growth and 


(she edited a book called

The urban poor in Latin America


The board has a long career at the World Bank.

Before coming to Argentina, she was director for

Bolivia, Chile, Ecuador and Peru


Chief Economist of the Vice Presidency of Sustainable Development and Principal Economist for the Department of Climate Change of the entity.

The multilateral entity currently has a portfolio of 23 investment projects in Argentina, with committed credits for a total of US$8.5 billion in the social, infrastructure, environmental and economic development areas.

Last year, it approved $1.1 billion in new projects and confirmed another $900 million for the next six months.

The World Bank predicted that Argentina's growth will slow down sharply this year compared to the previous one, since it will fall to 2% due to an adverse global context, but above all because inflation complicates economic activity.

look also

The economy, from the opportunity of the 'demographic dividend' to the 'demographic fraud'

The IMF predicts that the world economy will grow less this year

Source: clarin

All business articles on 2023-02-03

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