Newsroom

Arne Hoel, The World Bank

Osvaldo Gratacós, Vice President, Compliance Advisor Ombudsman (CAO) for IFC & MIGA

 

I am pleased to announce the appointment of Osvaldo Gratacós as Vice President, Compliance Advisor Ombudsman for IFC & MIGA. Mr. Gratacós, a US national from Puerto Rico, will replace Meg Taylor, whose term ends August 2014.


Mr. Gratacós brings more than fourteen years of experience as a fair, independent counsel for various organizations. His career includes roles across the private sector such as Motorola, Inc. and public sector such as US Agency for International Development that will enable Mr. Gratacós to bring a balance of authority, experience and flexibility to the office.


Mr. Gratacós’ career includes key roles with the Export-Import Bank where he was appointed by President Barack Obama and sworn in as the second Inspector General. He was responsible for improving the efficiency and effectiveness of the Ex-Im Bank’s programs and operations, conducting inspections of projects and transactions, as well as preventing and detecting fraud in Ex-Im Bank’s $100+billion portfolio involving over 150 countries.


I would like to thank the external Selection Committee that convened to assist us in the search, representing a geographically diverse cross section of the private sector, civil society, dispute resolution, academia and environmental groups.


Mr. Gratacós was appointed to this position under the Bank's policy as the result of a competitive search. His appointment will be effective July 2014 to ensure a smooth transition.


I would also like to take this opportunity to sincerely thank Meg for her outstanding work over her distinguished career here at the Bank. I know you will join me in celebrating her tremendous service and contributions at an appropriate time before Meg leaves in August.

 

Jim Yong Kim
President, World Bank Group