Indian American nominated as US representative to IBRD
Ashok Michael Pinto has been nominated as the US Alternate Executive Director of IBRD for two years.
Indian American Ashok Michael Pinto has been nominated as the US representative to the International Bank for Reconstruction and Development (IBRD). The nomination was made by US President Donald Trump on May 4, 2020.
Ashok Michael Pinto has been nominated as the US Alternate Executive Director of IBRD for a period of two years. He will be appointed to the position officially after receiving confirmation from the Senate.
If confirmed, the Indian American will succeed Erik Bethel, who resigned from the post recently. Donald Trump had announced his intention to nominate Ashok Michael Pinto for this position on April 9.
About Ashok Michael Pinto
• Ashok Michael Pinto currently serves as a Counselor to the Under Secretary for International Affairs at the United States Department of the Treasury.
• Pinto has previously held several senior leadership roles in the US Congress. He has served as the Chief Investigative Counsel and Policy Director to the Committee on Commerce, Science, and Transportation in the Senate.
• He has also been the Chief Counsel for Investigations to the Committee on Oversight and Government Reform in the House of Representatives.
• He has also served as a Special Counsel to the Committee on the Judiciary in the Senate.
• He was also the Special Assistant and Associate Counsel to former US President George W Bush during private practice at two international law firms.
• He has also previously served as a law clerk to Judge F A Little Jr. of the US District Court in the Western District of Louisiana.
• His educational background includes a BA from Stanford University and a JD from the University of Illinois College of Law.
• The IRBD or the International Bank for Reconstruction and Development was formed in 1944. It has its headquarters in Washington DC, United States.
• The IBRD is an international financial institution that is the lending arm of the World Bank Group. The institution provides loans to middle-income developing nations.
• The IBRD is the first of five member institutions that make up the World Bank Group. The main objected behind setting up the institution in 1944 was to finance the reconstruction of European nations devastated by World War II.
• The IBRD along with the International Development Association (IDA) are collectively known as the World Bank.
• After the reconstruction of Europe, the Bank's focus expanded to boost worldwide economic development and eradicate poverty. The bank provides concessional financing to states to fund projects that seek to improve education, health care, access to food and potable water, access to improved sanitation, transportation and infrastructure, environmental consciousness, energy investments and domestic policy.
• The IBRD is governed by its 189 member states and each country is represented on the Board of Governors.