World Bank Group gives ‘number two’ job to Chinese official Yang Shaolin
Managing director role for Yang Shaolin signals body’s interest in Chinese development strategies
The World Bank has appointed China’s Ministry of Finance official Yang Shaolin as its chief administrative officer and managing director.
It said the posts were new positions created to improve organisational strategy, information technology, budgeting and planning, and that Yang’s appointment would be effective from February 29.
China hoped the appointment would boost the representation of developing countries in international finance, said foreign ministry spokesman Hong Lei.
Yang is currently the director general of the ministry’s department of international economic and financial cooperation, Xinhua reported.
In this position Yang had played a critical role in the creation of the Asian Infrastructure Investment Bank and the BRICS’ New Development Bank.
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“We’re very pleased to welcome Shaolin back to the World Bank Group in this critical new role for the institution,” said World Bank Group president Jim Yong Kim.