Carmen Nonay is an experienced leader in international development with more than 20 years of experience in the World Bank Group (World Bank, IFC and MIGA), ranging from private sector investments to policy reforms or building capacity to help developing countries to achieve the SDGs. In her current capacity, she manages the World Bank’s Water Sector in MNA overseeing a $3.5 billion portfolio. Prior to that, she was the Manager for the Global Partnerships and Resource Mobilization unit in the Social, Urban, Rural and Resilience Global Practice where she managed more than $2 billion of trust funds as well as key partnerships with other MDBs such as the Global Partnership on Output-Based Aid (GPOBA) and the Tokyo Development Learning Center (TDLC).
Carmen has also worked at IFC and MIGA, and is familiar with a whole range of WBG instruments for public and private sector in infrastructure, financial and social sectors. At IFC, she led complex financial sector projects in Latin America. While at MIGA, she led more than US$1 billion of guarantees in projects in energy, finance, oil&gas, and mining in both Eastern Europe&Central Asia and Latin America. Prior to joining the WBG, Carmen worked in project finance in the trading company of Nippon Steel in both the US and Japan.
Carmen obtained an MBA with Honors from the Thunderbird School of Global Management, a BA in Business Administration (Finance) from the University of Texas (Austin) and two Bachelor’s Degrees in Sociology and in Political Science from the Universidad Complutense de Madrid (Spain).