Junaid appointed MIGA’s VP for operations

The Multilateral Investment Guarantee Agency (MIGA), a part of the World Bank Group, has announced the appointment of Junaid Kamal Ahmad as its vice-president for operations.

This is the highest post held by any Bangladeshi across the World Bank Group. 

Ahmad, a Bangladeshi national, will assume his new role on April 16, a press release said.

He was selected for this position through an international, competitive recruitment process. He will report to Hiroshi Matano, executive vice-president for the MIGA.

The WB subsidiary's guarantees protect investments against non-commercial risks and can help investors obtain access to funding sources with improved financial terms and conditions.

Ahmad will work to advance and enhance MIGA's brand partnering across the World Bank Group and with financial institutions, private investors and development actors, originate and pursue meaningful, impact-driven projects and lead the operations team to deliver on MIGA's mandate of mobilising private finance for development projects in the emerging market developing economies.

He joined the WB in 1991 as a young professional and worked on infrastructure development in Africa and Eastern Europe.

He has since held several management positions, leading the WB's programme in diverse regions, including Africa, the Middle East and North Africa, as well as in India and South Asia, and the chief of staff to the president of the World Bank Group.

He has been the country director for the WB in India since September 2016.

Ahmad has focused on the role of service delivery in building and leveraging state capability and markets towards the goals of eliminating poverty, enhancing shared prosperity, and tackling climate change through his career.

He holds a PhD in applied economics from Stanford University, a two-year master's in public administration from Harvard University, and a BA in economics from Brown University.