THE HAGUE, WILLEMSTAD – Eugene Rhuggenaath is being nominated as the new Executive Director at the World Bank Group. The Council of Ministers for the Kingdom has granted Minister Kaag of Finance and Minister Schreinemacher for Foreign Trade and Development Cooperation the mandate to make this nomination on behalf of the Kingdom.
Rhuggenaath currently serves as the Chairman of the Supervisory Board of the Pension Fund Caribbean Netherlands and has also been a part of the Taskforce for addressing issues in the Caribbean Netherlands in recent months.
Mr. E.P. Rhuggenaath will succeed Koen Davidse, who has held the position in Washington DC for the past five years and will become the Director-General of Policy at the Ministry of Defense. Rhuggenaath’s appointment will be finalized after approval from the other constituency countries. He will assume office in November for a four-year term.
Rhuggenaath has over 10 years of experience as a political leader, including recent roles as Prime Minister (2017-2021), Minister of Education, Culture, and Sports (2020), and Minister of Economic Development (2015-2017) of Curaçao. Additionally, he has extensive experience in the private sector, including roles as a director in various institutions in international financial services. He studied Business Administration at the University of Miami and earned his MBA from Erasmus University in Rotterdam.
The World Bank is the only globally operating international financial institution where the Netherlands holds a permanent seat on the Board of Executive Directors. The Executive Director is responsible for all aspects of the World Bank Group on behalf of the constituency. The constituency consists of the Netherlands, Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, North Macedonia, Moldova, Montenegro, Romania, and Ukraine.
The vacancy was publicly announced, allowing for open applications. While this is not an appointment within the General Administrative Service (ABD), it was established through a procedure similar to that for positions within the ABD.
Bron: Curacao Chronicle