WASHINGTON: The World Bank has awarded bonuses to at least four senior officials as it pursues a cost-cutting restructuring, raising concerns among staff, several sources said yesterday.
A key figure involved in the anti-poverty lender’s makeover, chief financial officer Bertrand Badre, received a $94,000 bonus for fiscal year 2014, in addition to his net annual salary of about $380,000, said Bank spokesman David Theis.
Until last year, the World Bank could only pay bonuses to officials stationed abroad but it changed its internal rules in July 2013 to include those based at its Washington headquarters.
“The World Bank needs to attract and retain senior management of high calibre, and on rare occasions we extend a ‘scarce skills premium’ for highly technical or key managerial positions,” Theis said.AFP
