World Bank fund taps seasoned vet


Naoko Ishii, deputy vice minister of finance, is set to head an environment protection fund linked to the World Bank, sources said Thursday.

If appointed as chief executive officer of the Global Environmental Facility, Ishii will be the first female Finance Ministry official to lead an international body.

The fund, established in 1991, provides grants to developing countries to address climate change and other global environmental issues. The independent organization, which has 182 member countries, has financed more than 2,700 projects in over 160 nations.

Ishii, who joined the ministry in 1981, is a development assistance expert with experience working at the World Bank, the International Monetary Fund and other organizations. She has been a deputy vice minister since August 2010.