Monday, 24 June 2024

James D Wolfensohn, Former President, World Bank andFounder, Wolfensohn Center for Development

Australia

Champion's Profile

Net worth : $100 million an Australian American lawyer, investment banker and economist who served as the ninth president of the World Bank Group, nominated by Bill Clinton. He is the first World Bank president to be concerned about problem of corruption in the area of development financing. Since 2006, Wolfensohn has also been the chairman of the International Advisory Board of Citigroup. In 2009, he became a member of the International Advisory Council of the Chinese sovereign wealth fund China Investment Corporation. Currently, He is a member of both the American Academy of Arts & Sciences and the American Philosophical Society.

UNDP SDG

Humanitarian

Description and impact

Six primary research streams of the Wolfensohn Centers work are : the shifting structure of the world economy in the twenty-first century; the challenge of scaling up the impact of development interventions; the effectiveness of development assistance; how to promote economic and social inclusion for Middle Eastern youth; the case for investing in early child development; and the need for global governance reform. In each chapter, a scholar associated with the particular research topic provides an overview of the issue and its broader context, then describes the Centers work on the topic and the subsequent influence and impact of these efforts.