Vel Gnanendran
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velg.bsky.social
Vel Gnanendran
@velg.bsky.social
UK Executive Director to the World Bank Group. General development/climate geek. Now in 🇺🇸. Was in 🇹🇿🇵🇰🇦🇫🇳🇬.
Great to see these exchanges on global economic governance. A critical issues for the World Bank this year as we embark on the Shareholding Review.
On 23 January, UNU-CPR and the World Bank co-hosted a "Deep Dive" into the Bank’s five-yearly Shareholding Reviews, which shape its governance & enhance the voice of developing countries.

We thank all participants, the World Bank’s Corporate Secretariat & the Baha'i International Community.
January 27, 2025 at 5:49 PM
IDA21 reaches a record $100bn. Delighted that the UK was able to support. #IDA21 is simpler for clients, more focused on impact, creating jobs, tackling fragility, building resilience & empowering women. These will be the metrics of success in the years ahead. But today 👏🏽 to all involved!
December 6, 2024 at 1:22 PM
Pleased to be at the UN for the second preparatory session ahead of the Financing for Development conference (which 🇪🇸 will host next summer). Partnerships between the UN and International Financial Institutions will be critical to success.
December 4, 2024 at 10:51 PM
Today the UK announced a 40% increase in its commitment to IDA - the World Bank’s fund for low-income countries. Critical that we sustain the momentum towards a successful IDA21 replenishment next week in Seoul 🇰🇷 #IDAWorks

www.gov.uk/government/n...
New UK investment to unlock billions to tackle root causes of irregular migration, climate change and growth crises
UK announces contribution to International Development Association (IDA), the World Bank’s fund for the world’s lowest income countries
www.gov.uk
November 28, 2024 at 8:30 PM
My thoughts this week on how the World Bank Board must continue to emphasise strong partnerships with wider international processes like the #G20 🇧🇷 🇿🇦 #COPs 🇨🇴 🇦🇿 🇸🇦 and UN 🇺🇳

www.linkedin.com/pulse/beyond...
Beyond the World Bank Board
This week started with the G20 in Rio and ended with my news feed dominated by coverage of COP29. I've also been talking to colleagues about how best the Bank can support the Fourth UN Financing for D...
www.linkedin.com
November 24, 2024 at 6:47 PM
And Korea has announced a 45% increase to #IDA21 👏🏽 🇰🇷
November 18, 2024 at 11:49 PM
Great to see US announce $4bn for #IDA21 at #G20 in 🇧🇷. Norway also announced a 50% increase in their contribution 👏🏽 🇺🇸 🇳🇴

www.reuters.com/world/biden-...
Biden pledges record $4 billion to World Bank fund for poorest countries
U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday.
www.reuters.com
November 18, 2024 at 7:00 PM
I post a regular update over on LinkedIn.com about what I’ve been focused on at the World Bank. Check it out👇🏾

www.linkedin.com/pulse/climat...
Climate @ The World Bank Board
A different update this week as I was in London for most of it. A reminder that, as Executive Directors, we wear two hats: our World Bank one - which requires to think about what is right for the inst...
www.linkedin.com
November 17, 2024 at 10:29 PM