Neelkanth Mishra appointed Executive Director at the World Bank

The appointment was approved by the Appointments Committee of the Cabinet (ACC), according to an official government order. Mishra will serve a three-year term after taking charge and will represent a South Asian group at the World Bank that includes India, Bangladesh, Bhutan, and Sri Lanka.

Mishra will take over the role from Parameswaran Iyer, becoming India's new representative on the World Bank's board.

Parameswaran Iyer has been serving as India’s Executive Director at the World Bank since February 2023. His term was scheduled to end on June 19. but the government has extended it until Neelkanth Mishra officially takes over the position in Washington ensuring a smooth transition.

Neelkanth Mishra has extensive experience in economics, public policy, financial markets, and research. He currently serves as a part-time member of the Economic Advisory Council to the Prime Minister and also holds important positions at the Unique Identification Authority of India (UIDAI) and the Telecom Regulatory Authority of India (TRAI).

In the private sector, Mishra is the Chief Economist at Axis Bank and Head of Global Research at Axis Capital. Before joining the Axis Group in 2023, he spent nearly two decades at Credit Suisse, where he became Managing Director and Co-Head of Equity Strategy for the Asia-Pacific region.

Mishra graduated from the Indian Institute of Technology (IIT) Kanpur with a degree in Computer Science and Engineering and received the Director’s Gold Medal in 1997 for his academic achievements.

His appointment to the World Bank comes at a time when developing countries are facing major challenges, including climate financing, infrastructure investment, poverty reduction, and global economic uncertainty. As Executive Director, he will help make decisions on development funding and represent India, Bangladesh, Bhutan, and Sri Lanka at the World Bank.

Mishra also has experience advising several government committees, including Finance Commissions and GST-related panels. With his strong background in both policymaking and financial markets, his appointment is seen as an important step in strengthening India’s role in global economic discussions and decision-making.

Read Also- Honeycomb Raises $40 million in Round led by Zeev Ventures