Subhash Chandra Garg appointed as Executive Director of World Bank

Senior IAS officer Subhash Chandra Garg was appointed as the Executive Director (ED) of World Bank on 10 September 2014. An order issued by the Appointments Committee of Cabinet (ACC) said that Garg will have tenure of three years from the date of assuming charge of the post.

At the time of appointment, Garg, a 1983-batch IAS officer of Rajasthan cadre was serving in Rajasthan. He has experience in different ministries under state and centre. The ministries served by him are ministries of rural development, agriculture, finance, human resource development, power, personnel and general administration and Cabinet affairs.

Executive Directors of the World Bank are responsible for the conduct of the general operations of the Bank. They also exercise all the powers delegated to them by the Boards of Governors and select a President who serves as Chairman of the Boards.

Executive Directors are also responsible for International Bank for Reconstruction and Development’s loans, guarantees and policies that impact the World Bank’s general operations among others.

Earlier in August 2014, the ACC extended the tenure of MN Prasad, a 1972 batch IAS officer of Bihar cadre (retd.) as an Executive Director of World Bank till 31 October 2014. Prasad was appointed as an ED on 26 July 2011 and at the time of appointment he was working as Secretary to former Prime Minister Manmohan Singh.