Axel van Trotsenburg, the World Bank (WB) Managing Director of Operations is paying an official visit to Vietnam on July 18-19, during which he will discuss future cooperation between the bank and Vietnam and areas it will support the country in the next 4-5 years, with Vietnamese leaders.
Axel van Trotsenburg, the World Bank (WB) Managing Director of Operations (Photo: //www.worldbank.org/)
Hanoi (VNA) - Axel van Trotsenburg, the World Bank (WB) Managing Director of Operations is payingan official visit to Vietnam on July 18-19, during which he will discuss futurecooperation between the bank and Vietnam and areas it will support the country in thenext 4-5 years, with Vietnamese leaders.
Trotsenburg is scheduled to have meetings with President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh, National AssemblyChairman Vuong Dinh Hue, President of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council Nguyen XuanThang, and Governor of the State Bank of Vietnam Nguyen Thi Hong.
He will also meet with officials of Vietnamese Party and Governmentagencies to discuss the country’s roadmaps to tackle climate change, energytransition, and other crucial development issues; and have working sessionswith representatives of the Vietnamese private sector, and scholars.
Trotsenburg met with PM Chinh in November 2021at the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, andin May 2022 in Washington DC.
The World Bank has a productive, long-term partnership with the Government of Vietnam. - Illustrative image (Photo: VNA)
“The World Bank has a productive, long-term partnership with the Government of Vietnam”, the WB Managing Director of Operations said, noting that he looks forward to continuing discussions about how the WB can support Vietnam’s aspiration to reach high income status and help the country address some of its key development challenges such as climate change and the energy transition.
Trotsenburg assumed his position as of theWB Managing Director of Operations on October 1, 2019. In thisrole, he oversees the Baꦦnk’soperational program and ensures that the Bank’s ♕delivery model continues tomeet the needs of client countries. He also builds support and mobilizesfinancial resources across the international community for efforts to assistlow and middle-income countries./.
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The World Bank said without proper adaptation and mitigation measures, it is estimated that climate change will cost Vietnam about 12-14.5% of GDP a year by 2050 and could plunge up to one million people into extreme poverty by 2030.
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Axel van Trotsenburg, the World Bank (WB) Managing Director of Operations (Photo: //www.worldbank.org/) 
The World Bank has a productive, long-term partnership with the Government of Vietnam. - Illustrative image (Photo: VNA) 
