The African economic sector is delighted with the news that Zambian national Dr. Samuel Musele Maimbo has bagged a top role at World Bank.
According to Lusaka Times, Maimbo has been appointed as Vice President for Budget, Performance Review, and Strategic Planning.
This appointment is a testament to the exceptional capabilities of Maimbo and his extensive knowledge in the field of international development and banking.
It is reported that the Zambian native takes the role after being associated with the world’s financial institution for over two years now.
He previously occupied the role of Director of the International Development Association (IDA) Resource Mobilization and International Bank for Reconstruction and Development (IBRD) Corporate Finance department.
“In this role, he was responsible for implementing IDA’s hybrid financial model and conducting policy analysis of IBRD income and corporate finance,” reports the Zambian publication.
“Prior to that, he served as the Chief of Staff in the Office of the World Bank President since September 2022.”
Boasting a Ph.D. in Public Administration (Banking) from the University of Manchester, an MBA in Finance from the University of Nottingham, and a BSc. in Accounting from Copperbelt University, Zambia.
Maimbo is also a Fellow Chartered Certified Accountant (FCCA, UK).
“It is the highest position ever held by a Zambian National at the World Bank, and it is a testament to the country’s potential and the caliber of its citizens,” it is reported.
“Dr. Maimbo’s appointment highlights Zambia’s commitment to the development of international finance and banking, and it reflects the World Bank’s recognition of Zambia’s potential and the capabilities of its people.
“Dr. Maimbo’s role as Vice President for Budget, Performance Review, and Strategic Planning is a critical one for the World Bank. In this position, he will be responsible for overseeing the bank’s budget and financial management, as well as ensuring that its programs and projects are aligned with the bank’s overall strategic goals.
“He will also be responsible for conducting performance reviews of the bank’s operations and programs to ensure that they are meeting their intended objectives and outcomes.”
Meanwhile, his appointment will not only have a positive impact on Zambia but also on other African countries.
