Axel van Trotsenburg
Vice President, Development Finance
Axel van Trotsenburg is the World Bank Vice President of Development Finance (DFi), where he oversees strategic mobilization of resources, including for the International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD), as well as a multi-billion dollar trust fund portfolio.
From 2013 to 2016, he served as Vice President for East Asia and the Pacific Region and between 2009 and 2013 he served as Vice President for Concessional Finance and Global Partnerships (CFP).
In his current role, Mr. van Trotsenburg is responsible for the replenishment and stewardship of IDA, the largest source of concessional financing for the poorest countries. In this context, he has led the policy negotiations and replenishment process for two replenishments, which together mobilized a record $125 billion—$50 billion in 2010 for IDA16 and $75 billion in 2016 for IDA18.
The IDA18 replenishment is the largest in IDA’s nearly 60-year history and represented a paradigm shift in how resources are mobilized. For the first time, IDA is leveraging its equity by blending donor contributions with internal resources and funds raised through debt markets, thereby no longer relying only on donor contributions. As a triple-A rated multilateral institution, IDA is well positioned for its entry into the global capital markets.
IDA18 also broke new ground by scaling-up its engagement in fragile countries, including creating a new refugee window, and promoting private sector development in the most challenging environments by introducing the IDA18 IFC-MIGA Private Sector Window.
Mr. van Trotsenburg also oversees IBRD corporate finances. He co-led the World Bank Group’s efforts to obtain a capital increase which resulted in shareholders endorsing a transformative capital package in April 2018, including an increase of the IBRD capital by $60 billion. Apart from the capital increase, he oversees the management of IBRD's capital and earnings in line with the institution's financial policies and development objectives. He also manages policies and strategies related to medium-term capital planning, overall balance sheet management, and annual decisions on loan terms and income allocation.
In his capacity as Vice President of DFi, as well as for its precursor CFP, Mr. van Trotsenburg co-chaired the replenishment process for the Global Environment Facility (GEF) and managed the largest replenishment increase ever under GEF 5 and the successful conclusion of the GEF 7 replenishment of $4.1 billion in April 2018.
He also has policy oversight of the Bank's trust fund portfolio, and oversees a wide range of global initiatives and innovative financing including the Global Fund to Fight Aids, Tuberculosis and Malaria (GFATM), the International Finance Facility for Immunisation (IFFIm), the Pandemic Emergency Facility (PEF), and the Women Entrepreneurs Finance Initiative (WE-Fi).
Apart from his experience in managing World Bank finances, Mr. van Trotsenburg has had extensive experience in country operations and managing regional programs. Prior to his role as Vice President of DFi, he served as Vice President for the East Asia and Pacific Region from 2013 to 2016, where he oversaw a portfolio of over $30 billion in loans, grants, credits and trust funds, coordinating and supervising the activities of more than 1,000 staff.
From July 2007 to July 2009, Mr. van Trotsenburg was Country Director for Colombia and Mexico, and from 2002 to July 2007, Country Director for Argentina, Chile, Paraguay, and Uruguay. From 1996 to 2001, he was the Senior Manager of the Heavily Indebted Poor Countries (HIPC) Initiative, the largest and most comprehensive debt relief program for poor countries, which delivered debt relief packages of close to $30 billion for 20 countries. He served previously as Senior Country Economist for Côte d’Ivoire and Country Economist for Guatemala.
Mr. van Trotsenburg joined the Work Bank through the Young Professionals Program 1988. Prior to the Bank, he worked at the OECD in Paris.
Mr. van Trotsenburg is both Dutch and Austrian. He holds a master’s and a doctorate degree in economics and a master’s degree in international affairs. He is married and has two children.
Published recently:
More and Better Jobs for Developing Nations (Op-ed - China Daily USA)
From 2013 to 2016, he served as Vice President for East Asia and the Pacific Region and between 2009 and 2013 he served as Vice President for Concessional Finance and Global Partnerships (CFP).
In his current role, Mr. van Trotsenburg is responsible for the replenishment and stewardship of IDA, the largest source of concessional financing for the poorest countries. In this context, he has led the policy negotiations and replenishment process for two replenishments, which together mobilized a record $125 billion—$50 billion in 2010 for IDA16 and $75 billion in 2016 for IDA18.
The IDA18 replenishment is the largest in IDA’s nearly 60-year history and represented a paradigm shift in how resources are mobilized. For the first time, IDA is leveraging its equity by blending donor contributions with internal resources and funds raised through debt markets, thereby no longer relying only on donor contributions. As a triple-A rated multilateral institution, IDA is well positioned for its entry into the global capital markets.
IDA18 also broke new ground by scaling-up its engagement in fragile countries, including creating a new refugee window, and promoting private sector development in the most challenging environments by introducing the IDA18 IFC-MIGA Private Sector Window.
Mr. van Trotsenburg also oversees IBRD corporate finances. He co-led the World Bank Group’s efforts to obtain a capital increase which resulted in shareholders endorsing a transformative capital package in April 2018, including an increase of the IBRD capital by $60 billion. Apart from the capital increase, he oversees the management of IBRD's capital and earnings in line with the institution's financial policies and development objectives. He also manages policies and strategies related to medium-term capital planning, overall balance sheet management, and annual decisions on loan terms and income allocation.
In his capacity as Vice President of DFi, as well as for its precursor CFP, Mr. van Trotsenburg co-chaired the replenishment process for the Global Environment Facility (GEF) and managed the largest replenishment increase ever under GEF 5 and the successful conclusion of the GEF 7 replenishment of $4.1 billion in April 2018.
He also has policy oversight of the Bank's trust fund portfolio, and oversees a wide range of global initiatives and innovative financing including the Global Fund to Fight Aids, Tuberculosis and Malaria (GFATM), the International Finance Facility for Immunisation (IFFIm), the Pandemic Emergency Facility (PEF), and the Women Entrepreneurs Finance Initiative (WE-Fi).
Apart from his experience in managing World Bank finances, Mr. van Trotsenburg has had extensive experience in country operations and managing regional programs. Prior to his role as Vice President of DFi, he served as Vice President for the East Asia and Pacific Region from 2013 to 2016, where he oversaw a portfolio of over $30 billion in loans, grants, credits and trust funds, coordinating and supervising the activities of more than 1,000 staff.
From July 2007 to July 2009, Mr. van Trotsenburg was Country Director for Colombia and Mexico, and from 2002 to July 2007, Country Director for Argentina, Chile, Paraguay, and Uruguay. From 1996 to 2001, he was the Senior Manager of the Heavily Indebted Poor Countries (HIPC) Initiative, the largest and most comprehensive debt relief program for poor countries, which delivered debt relief packages of close to $30 billion for 20 countries. He served previously as Senior Country Economist for Côte d’Ivoire and Country Economist for Guatemala.
Mr. van Trotsenburg joined the Work Bank through the Young Professionals Program 1988. Prior to the Bank, he worked at the OECD in Paris.
Mr. van Trotsenburg is both Dutch and Austrian. He holds a master’s and a doctorate degree in economics and a master’s degree in international affairs. He is married and has two children.
Published recently:
More and Better Jobs for Developing Nations (Op-ed - China Daily USA)
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