Subhash Chandra Garg Appointed as World Bank ED


Senior IAS officer Subhash Chandra Garg was appointed as Executive Director (ED) in World Bank. Garg, a 1983-batch IAS officer of Rajasthan cadre, will have a tenure of three years from the date of assuming charge of the post, said an order issued by the Appointments Committee of Cabinet (ACC).The Executive Directors are responsible for the conduct of the general operations of the World Bank and exercise all the powers delegated to them by the Boards of Governors. They also select a President who serves as Chairman of the Boards.They are responsible for International Bank for Reconstruction and Development’s loans, guarantees and policies that impact the World Bank’s general operations among others. The ACC had last month approved the proposal for extension of tenure of M N Prasad, a 1972 batch IAS officer of Bihar cadre (retired), as Executive Director, World Bank till October 31. [9:11AM, 12/09/2014] Rahul Sunbeam: Gates Foundation pledges $50 million to fight Ebola epidemic The Bill and Melinda Gates Foundation has pledged 50 million US dollars to support emergency efforts to contain West Africa’s Ebola epidemic, which has already killed almost 2,300 people in the worst outbreak of the virus in history.The US based philanthropic foundation said it would release funds immediately to UN agencies and international organisations to help them buy supplies and scale up the emergency response in affected countries.



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