As the World Bank's Director and Chief Credit Officer since 2003, Ms. Baroudi is responsible for managing the country credit risk inherent in the International Bank for Reconstruction and Development's portfolio at both the country and overall portfolio level. She ensures that these risks are commensurate with IBRD's financial capacity and risk tolerance. She provides intellectual leadership on issues related to assessing sovereign credit risk and is responsible for determining the Bank’s policies in this area. She is responsible for monitoring countries that are vulnerable to a crisis and assists in formulating the Bank’s response. She provides leadership on developing the most appropriate analytical and financial tools to manage credit risk, including choosing the most appropriate benchmarks from the private sector. Finally, she takes the lead in the Bank's interaction with the markets in this area, including the rating agencies. Merli Baroudi, a U.S. national, began her professional career at Chase Manhattan Bank, N.A. where she was responsible for structuring and negotiating international loan syndications and subsequently was responsible for evaluation and oversight of the balance sheets of Latin American and Asian branches. She was extensively involved in establishing Chase's proprietary overseas investment portfolio – advising the bank's asset-liability management committee. In 1992 Ms Baroudi joined The Economist Intelligence Unit where she began as an economist in the Middle East/North Africa team. In 1997 she was appointed Director, Country Risk Service and in January of 2000, she was promoted to Deputy Director, Country Analysis of the Economist Intelligence Unit while retaining her responsibilities for directing the Country Risk Service. In this role, she oversaw the credit risk assessments of over 100 developing economies around the world.
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Updated September 17, 2008 |
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