Senior director for the finance and markets global practice at the World Bank Group, Gloria M. Grandolini has been on the frontlines of the group’s controversial recent reorganization.
During a recent interview in Paris, where she gave Devex the inside track on a novel tool for rural development called index insurance, Grandolini also took time out to discuss the reform. In her global practice, it united roughly 350 employees from the World Bank and another 150 from its private sector arm the International Finance Corp. under a single umbrella. “Basically it was a merger,” she said.
Grandolini pointed to the bank’s Global Index Insurance Facility as an example of an initiative that has benefited from the reform. “This is relevant to insurance,” she said. “It is important to have that capability and skills mix.”