NEW DELHI: The World Bank has appointed Roberto Zagha as the new country director for India, it was announced on Friday.
"Zagha arrived here Friday for a one-week visit, where he will meet with the Indian officials," World Bank said in a statement. Zagha, a Brazilian national, started in his new position January 1, replacing Isabel Guerrero, who is now the World Bank's vice-president for the South Asia region. Zagha was previously senior advisor to the bank's vice-president in the Poverty Reduction and Economic Management Unit. "In his new position as country director for India, Zagha's priorities will be to shape the bank's support to India in the context of the recent global financial turbulence," the statement said. Zagha will provide leadership to the teams formulating and delivering the bank's strategy for India. India was the largest International Development Association (IDA) borrower from the bank in 2008. The Bank's $15.1 billion-portfolio in the country covers 61 active investment projects.