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Alba Iulia
Monday, August 10, 2020

Appointment of Dr Samuel Muzele Maimbo as a Director in the World Bank Group elates the Government

Economy Appointment of Dr Samuel Muzele Maimbo as a Director in the World...

The appointment of Dr Samuel Muzele Maimbo as a Director in the World Bank Group has elated the Zambian Government, Finance Minister Bwalya Ng’andu has said.

Dr Maimbo, a Zambian national, assumed duties as Director in charge of International Development Assistance mobilisation, and International Bank for Reconstruction and Development Corporate Finance, on 1st July 2020.

A University of Zambia graduate and a former Bank of Zambia employee, Dr Maimbo joined the World Bank Group in 2001 as a young professional and rose through the ranks until his most recent assignment as Senior Advisor to the World Bank Managing Director and Chief Financial Officer.

In the new position, Dr Maimbo will be expected to: implement the IDA policy framework with particular attention to supporting countries responses to Covid-19; oversee the continued implementation of IDA’s hybrid financial model and assuring overall integrity of IDA finances; and, maintain IBRD financial sustainability and capacity, with particular attention to policies affecting its capital adequacy, income generating capacity, and balance sheet management.

Dr Ng’andu says the meritorious appointment of Dr Maimbo demonstrates the confidence that the World Bank Group has in his talents, capacity, and competency to deliver results. “He is a symbol of inspiration for many young professionals in Zambia, who need to know that with career focus and hard work, internationally competitive professional development is attainable.”

The Minister of Finance has wished Dr MAIMBO well in his challenging portfolio of planning, mobilizing, and ensuring the financial sustainability of the International Development Assistance and international Bank for Reconstruction and Development.

Zambia is currently implementing over twenty-five (25) projects financed by the World Bank Group through grants and loans valued at over USD1.1 billion. The projects are in agriculture, energy, infrastructure, trade development, and water and sanitation sectors. Others are in health, education, and climate resilience.

This is according to a statement issued by Ministry of Finance spokesperson Chileshe Kandeta.

14 COMMENTS

  1. Congratulations to a dedicated Zambian and son of the soil.

    Well done basa

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  2. It’s stale news actually. It has appeared here before and congratulations were spread unsparingly. It’s the Ministry of Finance statement that’s belated.

  3. Congratulations Samuel … slight correction Samuel Maimbo is a Copperbelt University graduate Not University of Zambia

  4. You bet Chagwa, Ng’andu and Profenyori Luo would have been more happy had Maimbo been a Bemba/Bisa fimo fimo!

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  5. CHITALU CHILUFYA should see this and what hard work brings..with all those degrees he should have aspired to join WHO and not STEALING…Same with NKANDU LUO.. Instead of peddling tribalism , she should have been doing serious HIV AIDS or COVID-19 research… and KZ (Fake) must have continued working at that clinic as clinical officer…kikikikiki

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  6. Dr Maimbo is the Copperbelt University graduate who did Bachelor of Accountancy in the year 1994…

  7. Well done Dr. Maimbo for being able to compete and perform at the highest international level. You are a testament to the fact that GOD distributes talent evenly to people around the world regardless of race or creed. We just hope your high level education and integrity will be put to good use by our Grade 12 politicians at home.

  8. IN THE PAST TEN YEARS VERY FEW ZAMBIANS HAVE EXCELLED OUT THERE IN INTERNATIONAL ORGANIZATIONS AND VERY FEW HAVE JOINED THEM BECAUSE IF THEY ARE NOT CADRES THEY ARE REFUSED CLEARANCE. THOSE ABROAD ARE RECALLED AND ADVISED TO BECOME CADRES BEFORE THEY ARE CLEARED OR GIVEN CRUMBS TO SURVIVE ON LOCALLY. IT IS THE SEBANA WIKUTE SYNDROME EPIDEMIC OUTBREAK! THAT SI WHY SOME PEOPLE ARE VERY JEALOUSY OF Zambians IN DIASPORA.

  9. In some west African countries there is a Ministry responsible for placing their best nationals in all international organisations and financial institutions. They make sure they are there when the world powers are making decisions. Here we even block ours. Where others are busy getting wealth from outside taking it to their countries, in Zambia, our people would rather steal from their own country’s resources. It is a shame really; So myopic..

  10. Two faces of a university graduate: Either a director at world bank or still looking for a job at some ministry. Only God knows

Comments are closed.

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