Santo Domingo, August 4, 2025 - Carolina Rendón has been appointed as the World Bank's Resident Representative for the Dominican Republic. She succeeds Alexandria Valerio, who held the position for the past five years.
Based in Santo Domingo, Ms. Rendón will lead the dialogue with representatives from the government, civil society, the international community, and other key figures in Dominican society, with the aim of supporting the country's efforts to strengthen human capital, improve employment opportunities and the provision of quality public services, and increase climate resilience.
Ms. Rendón, a Peruvian national, joined the World Bank in 2005. Since then, she has served as a Public Sector Specialist in various regions including Latin America, Europe, Central Asia, and Africa. She was also responsible for the Governance area in Romania, where she led dialogue on public sector management, justice sector reform, and digital governance, among other topics. Most recently, she held the position of World Bank Resident Representative in Uruguay.
During her professional career, she was an integral part of the World Bank team that supported the Participatory Anti-Corruption Initiative (IPAC) in the Dominican Republic between 2010 and 2012, a government-led initiative to promote citizen participation and transparency in government decision-making, as well as to strengthen accountability.
Prior to joining the World Bank, she worked in the legal department of Shell and was part of the advisory team for the Presidency of the Council of Ministers of Peru.
Ms. Rendón is a lawyer from the Pontifical Catholic University of Peru. She holds a degree in Humanities and Liberal Arts from the same university and a Master's in Law (LL.M. in International Business Law) from the London School of Economics and Political Science (LSE).
In her new role leading the World Bank Country Office, Ms. Rendón will oversee the implementation of the 2022-2026 Country Partnership Framework (CPF) and the development of the project portfolio. She will also work closely with the International Finance Corporation (IFC), which supports the private sector, and the Multilateral Investment Guarantee Agency (MIGA), which provides political and financial risk guarantees to investors-both part of the World Bank Group.
The World Bank's current portfolio in the Dominican Republic amounts to $1.89 billion and includes ten investment projects in energy, health, state modernization, housing, water and sanitation, resilient agriculture, and social protection. It also includes budgetary support for climate change response ($400 million); a Program for Results in support of the water sector ($250 million); a catastrophe credit line (Cat DDO) ($230 million); and an Emissions Reduction Payment Agreement (up to $25 million).
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