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25. Mr. Alberto R. Musalem

Advisor, Financial Sector Development Department, World Bank

Mr. Alberto R. Musalem has been an adviser on contractual savings (pension and life insurance) and the tax treatment of financial instruments in the Financial Sector Development Department at the World Bank since January 1998. He pioneered the work on contractual savings at the Bank when he lead the production of the first report of its kind: Mexico - Contractual Savings in 1990. Since he also worked on similar projects in countries such as Argentina, Bulgaria, Costa Rica, Egypt, India, Korea, Lebanon Philippines, Russia, Saudi Arabia, Sri Lanka, Thailand, and Uruguay. Mr. Musalem also has contributed to the research and analysis of the effects of contractual savings on financial markets.

During 1985 to 1997 Mr. Musalem lead the dialogue on economic, trade and financial sector policies in several countries of Latin America, Middle East and Eastern Europe. His experience prior to joining the World Bank includes work for the Rockefeller and Ford Foundation as a visiting professor in graduate economics programs in South America and the United States (1971-1984). From 1968 to 1970 he worked as a staff of the Harvard Institute of International Development in a capacity of advisor to the Economic Planning Department of the Government of Colombia on macroeconomics, trade and financial sector policies. He received a Ph.D. in Economics from the University of Chicago.

He is the author of numerous publications in Argentina, Brazil, Colombia, Chile, Germany, USA and working papers at the World Bank Working Papers Series. Mr. Musalem organized the first conference on Public Pension Fund Management which took place in September 2001; and is finalizing the organization of the first Contractual Savings Conference which will take place late April 2002.

Contact: amusalem@worldbank.org

A Regional Seminar on the Development on Non-Bank Financial Institutions in Latin America Region

Santiago- Chile

12/4/2002Page 28 of 49

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