'The role of a global multilateral development bank in the world today' with Dr Samuel Maimbo

Past Event

Date
10 June 2024, 5:00pm - 6:15pm

Location
Oxford Martin School & Online
34 Broad Street (corner of Holywell and Catte Streets), Oxford, OX1 3BD

Event Recording:

The world is confronted with an unprecedented level of political, economic, and social unrest with increasing divergence of views on the causes and appropriate response.

At the same time, multilateral development banks continue to seek and sustain common grounds for sustainably financing development outcomes for economies and peoples across the world.

In this talk, Dr Samuel Munzele Maimbo, Vice President for Budget, Performance Review and Strategic Planning at the World Bank, will share a practitioner’s perspective on the challenges of navigating the current global environment for a global development institution.

With more questions than he has answers, Dr Maimbo will draw on his recent 5-year experience as Chief of Staff to two World Bank Presidents, Director for the International Development Association, Senior advisor to two World Bank Group Chief Financial Officers and as well as his current role for the discussion; to explain why he remains optimistic.

This is a joint event with the Oxford Martin Programme on Systemic Resilience.

Maimbo Samuel

Dr Samuel Munzele Maimbo
Vice President for Budget, Performance Review, and Strategic Planning, World Bank

Samuel Munzele Maimbo is Vice President for Budget, Performance Review, and Strategic Planning since July 1, 2023. In this role, Mr Maimbo oversees the World Bank's annual Program Budget and All Funds - including the administrative budget for Bank Budget (BB) funds, Trust Funds, and Reimbursable Funds, ensuring resources are aligned with the institution’s strategic priorities, financial sustainability objectives, efficiency targets and business needs. He also serves as the top adviser to the World Bank’s senior management team on resource management allocation, leads the financial planning and performance review process for the institution’s multi-year Strategy and Business Outlook, and ensures the institution operates within budget.

Prior to his current position, he served as the Chief of Staff to World Bank Presidents Ajay Banga and David Malpass. He also served as the Director of the International Development Association (IDA) Resource Mobilisation and International Bank for Reconstruction and Development (IBRD) Corporate Finance department for just over two years, where he was responsible for the implementation of IDA’s hybrid financial model and the policy analysis of IBRD income and corporate finance. In this role, he oversaw the successful IDA20 replenishment one year early, with a record amount of $93 billion.

In the past 23 years at the World Bank, Mr Maimbo has held several positions, including Senior Advisor in the Office of the Managing Director and Chief Financial Officer. He has also worked on a diverse range of operations and countries in the Bank’s Finance, Competitiveness and Innovations (FCI) Global Practice, including as Practice Manager for Strategy and Operations; and Practice Manager for Long-Term Finance & Risk Management supporting the Agriculture Finance & Insurance, Capital Market Development, Disaster Risk Finance, Housing Finance, Infrastructure Finance, Pensions & Insurance, and Climate Finance programmes. He also served as Financial Sector Specialist in three regions, including South Asia, sub-Saharan Africa, and Europe and Central Asia. Mr Maimbo’s World Bank career began in 2001 in the institution’s Young Professionals Program, serving in strategic roles with increasing responsibility.

Prior to joining the World Bank, Mr Maimbo held the position of Bank Inspector at the Bank of Zambia and Auditor at PricewaterhouseCoopers (PWC). Mr Maimbo holds a PhD in Public Administration (Banking) from the University of Manchester, an MBA in Finance from the University of Nottingham, a BSc in Accounting from Copperbelt University, Zambia, and is a Fellow Chartered Certified Accountant (FCCA, UK).