Axel van Trotsenburg knows money. He’s spent 36 years at the World Bank working to mobilize it to help low- and middle-income countries on their development journeys.
His work includes drumming up contributions for the International Development Association, or IDA, the bank’s concessional fund for the lowest-income countries. He has led and negotiated the IDA16 and IDA18 replenishment cycles, and chaired IDA20 — which mobilized a record $93 billion.
Now he’s working to help make the latest cycle, IDA21, the bank’s biggest single replenishment yet. World Bank President Ajay Banga seeks a record $100 billion.