Ottawa, November 26, 2013

Archived - Minister Flaherty Welcomes Canada’s New Executive Director at the World Bank

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The Honourable Jim Flaherty, Minister of Finance, today welcomed the election of Alister Smith as the Executive Director for Canada, Ireland and the Caribbean at the World Bank.

“I would like to congratulate Alister Smith on his new position at the World Bank, and to thank our outgoing Executive Director, Marie-Lucie Morin, for her significant contribution and leadership in this role since 2010,” said Minister Flaherty, Canada’s Governor at the World Bank. “The World Bank plays a critical role in creating jobs, stimulating sustainable growth and helping to fight poverty in countries around the world. Mr. Smith will provide solid leadership in helping the Bank in this important mandate.”

Most recently Associate Secretary of the Treasury Board Secretariat, Mr. Smith has extensive experience within the Government of Canada, including as General Director of the International Trade and Finance Branch at the Department of Finance. He also brings relevant private sector experience, as a former Vice-President and Deputy Chief Economist of the Canadian Imperial Bank of Commerce.

The World Bank, along with the International Monetary Fund, was founded at the Bretton Woods Conference in 1944 to encourage a more stable global economy, and is based in Washington, DC. The World Bank’s goal is to reduce global poverty by raising living standards and promoting sustainable development in developing countries. It does this by providing a wide range of assistance to developing countries, including economic policy advice, technical assistance and long-term financial assistance.

For further information, media may contact:

Marie Prentice
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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