According to the website of the Ministry of Finance, the World Bank announced important appointments. Zhang Wencai, who received a bachelor’s degree in World Economy in 1982 and a master’s degree in 1986 at Nankai University’s School of Economics, was appointed as the Executive Vice President and Chief Administrative Officer of the World Bank, responsible for institutional strategy, planning, budgeting, information technology services, and sanctions systems.

Zhang Wencai currently serves as the Vice President of the Export-Import Bank of China and a trustee of the IFRS Foundation. He previously served as the Vice President of the Agricultural Development Bank of China, Vice President of the Asian Development Bank, and Director-General of the Department of International Economic and Financial Cooperation of the Ministry of Finance of China, and has rich working experience in the development field.

Founded in 1945, the World Bank is the world’s largest multilateral development institution with a mission to end extreme poverty and promote shared prosperity on a habitable planet, headquartered in Washington, D.C. Since China resumed its rightful power of representation in the World Bank in 1980, the two sides have maintained a good cooperative relationship. As the third largest shareholder state of the World Bank, China supports the World Bank in strengthening its development objectives and institutional capacity through reform, helping developing countries tackle global challenges and achieve the United Nations 2030 Agenda for Sustainable Development.

（Edited and translated by Nankai News Team.)