Chinese national appointed to head World Bank's IFC

 WASHINGTON, Aug. 10 (Xinhua) -- The World Bank announced Friday Cai Jinyong, a Chinese national with more than 20 years of experience in the financial services industry and development, is appointed as the new Executive Vice¹ President and CEO of the International Finance Corporation (IFC), a member of the World Bank Group.

"I am pleased that a world class financial and development professional like Jinyong has decided² to bring his considerable talent to the work of the International Finance Corporation," World Bank President Jim Yong Kim said in a statement.

"With his extensive knowledge of global financial markets and investment climates, he'll help IFC identify sound, strategic private sector³ investments and public-private partnerships⁴ that will help reduce poverty and create greater prosperity for people in the developing world," he added.

Cai, whose appointment will be effective on Oct. 1, 2012, said he looks forward to working with all of IFC's takeholders and clients to build on its impressive record of creating opportunities for people to escape poverty and improve their lives.

According to the statement, Cai started his career as a young professional at the World Bank, where he worked as an economist⁵ in Central Europe and South Asia. He then joined Morgan Stanley, and was later seconded to the China International Capital Corporation at its inception⁶.

Prior to accepting this appointment, Cai served as participating managing director in Goldman Sachs Group. He holds a Bachelor of Science degree from Peking University and a PhD in Economics from Boston University.

IFC is the largest global development institution focused exclusively on the private sector. Its activities help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory⁷ services to businesses and governments.

1 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

2 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

3 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

4 partnerships   

n.伙伴关系( partnership的名词复数 )；合伙人身份；合作关系

参考例句：

• Partnerships suffer another major disadvantage: decision-making is shared. 合伙企业的另一主要缺点是决定要由大家来作。 来自英汉非文学 - 政府文件
• It involved selling off limited partnerships. 它涉及到售出有限的合伙权。 来自辞典例句

5 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

6 inception   

n.开端，开始，取得学位

参考例句：

• The programme has been successful since its inception.这个方案自开始实施以来一直卓有成效。
• Julia's worked for that company from its inception.自从那家公司开办以来，朱莉娅一直在那儿工作。

7 advisory   

adj.劝告的，忠告的，顾问的，提供咨询

参考例句：

• I have worked in an advisory capacity with many hospitals.我曾在多家医院做过顾问工作。
• He was appointed to the advisory committee last month.他上个月获任命为顾问委员会委员。