Anshula Kant, Managing Director of State Bank of India, has been appointed as MD and Chief Financial Officer of the World Bank.

Ms Kant will be responsible for financial and risk management of the organisation.

Her work will include oversight of financial reporting, risk management, and working closely with the World Bank CEO on the mobilization of the International Development Association (IDA) and other financial resources. IDA is the part of the World Bank that helps the world’s poorest countries.

President of the World Bank David Malpass said Ms Kant brings more than 35 years of expertise in finance, banking and innovative use of technology.

He said he looks forward to welcoming Ms Kant to the World Bank management team as it works to increase the effectiveness in supporting good development outcomes.