Neelkanth Mishra to be India's new Executive Director at World Bank

With a new chapter in international finance, Neelkanth Mishra is set to step into the role of India's Executive Director at the World Bank, following in the footsteps of Parameswaran Iyer. His three-year tenure will begin after Iyer's tenure is extended to ensure a smooth transition.

The Appointments Committee of the Cabinet (ACC) has approved the appointment of economist Neelkanth Mishra as India’s next Executive Director at the World Bank headquarters in Washington DC.

Mishra will replace Parameswaran Iyer, a retired IAS officer of the 1981 Uttar Pradesh cadre, who currently holds the post.

According to an official order issued by the government, Mishra’s appointment will be for a period of three years from the date he assumes charge, or until further orders, whichever is earlier.

The ACC has also approved an extension in Iyer’s tenure beyond June 19, 2026, until Mishra formally takes over the position at the World Bank headquarters in the United States.

The decision was cleared by the Appointments Committee of the Cabinet, the government’s top body for senior-level appointments.