Consultant on Financial Sector Development
Michael Fuchs is currently working as a consultant on financial sector development. Until June 2013 he was Advisor and Acting Sector Manager (2010–2012) in the Finance and Private Sector Department of the World Bank's Africa Region. Michael began working in the Africa Region in 2003 focusing on financial sector development issues across a broad spectrum of countries and leading financial sector assessments in Mozambique, Kenya, Uganda, Malawi, Zambia, Tanzania, Rwanda, and Nigeria. In 2013 Michael led a financial sector assessment of the group of countries in the East African Community focusing on financial integration. Michael has also worked extensively in Nigeria, inter alia in supporting the development of the Nigerian Financial System Strategy 2020, and most recently in reforming development finance and setting up a new wholesale development finance institution. He has led several policy reform operations including in Kenya and Nigeria. Among topics of special focus are the impact of revisions in the international financial architecture on LICs, regional and sub-regional financial integration, and facilitating infrastructure finance. Michael represented the World Bank on the Financial Stability Board's regional consultative group for sub-Saharan Africa. Before joining the Africa Region Michael worked for 8 years in the World Bank's East and Central Asia Region, five of which focusing on Russia in the wake of the financial collapse in 1998. Prior to the World Bank Michael was with the Danish Central Bank for 11 years, predominantly advising on monetary policy and on the management of foreign exchange reserves, and for 3 years with the Danish Ministry of Finance. He has his PhD and MA from the University of Copenhagen and his BA from the University of York (UK).