On 15 September 2025, the World Bank Group appointed Carlos Felipe Jaramillo as Vice President for the East Asia and Pacific (EAP) Region. The appointment marks a significant shift in the Bank’s regional operations, with Singapore now designated as the regional hub—reflecting the institution’s broader decentralization strategy to improve client services and on-the-ground support.
A Role With Global Impact
As EAP Vice President, Jaramillo will,
- Lead the Bank’s engagement with 23 countries across East Asia and the Pacific.
- Manage an active portfolio exceeding US$32 billion.
- Prioritize initiatives in job creation, energy, digitalization, and human capital development.
- Jaramillo emphasized that the EAP region is a global hub for innovation and growth, and reaffirmed his commitment to working closely with partners to deliver development impact and foster thriving, inclusive communities.
Proven Experience Across Regions
Before this appointment, Jaramillo served as,
- Vice President for Latin America and the Caribbean (2020–2025), overseeing US$41.5 billion in operations across 31 countries.
- Director for East Africa, managing development programs in Eritrea, Kenya, Rwanda, Somalia, and Uganda with over 80 projects worth US$12 billion.
- Head of the Macroeconomics, Trade, and Investment Global Practice, contributing to global economic development strategy.
- He also held senior roles in the Government of Colombia, bringing a unique perspective on public policy, governance, and macroeconomic reforms.
Academic Background
Carlos Felipe Jaramillo holds an M.A. and Ph.D. in Development Economics from Stanford University, lending deep analytical rigor to his leadership in development policy and operations.
Important Takeaways
- Name: Carlos Felipe Jaramillo
- New Role: Vice President, East Asia and Pacific (EAP) Region, World Bank
- Effective: 15 September 2025
- Base: Singapore (new EAP regional hub)
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