WASHINGTON, March 28, 2024 – The World Bank announced the Pension Agency of Georgia joined the World Bank’s Reserve Advisory & Management Partnership. The Pension Agency is the newest pension fund member in RAMP’s global network of public asset managers, totaling over 70 members. The Pension Agency will gain access to onsite expertise to enhance governance, portfolio management, strategic asset allocation, risk management, and operations and information technology.
“We extend a warm welcome to the Pension Agency of Georgia to RAMP. We are honored to have their trust and participation in our global partnership of public asset managers,” said Jorge Familiar, World Bank Vice President & Treasurer and Pension Fund Administrator. “As the newest public pension fund member, we look forward to sharing with the Pension Agency our decades of experience in asset management.”
“We are delighted to join RAMP and become the newest member of the global network of 70-plus public asset managers. At the Pension Agency, we strive to achieve operational excellence in all areas of investment management, to implement the legal investment mandate in the best interests of the participants of the pension scheme,” said Giorgi Chichinadze, Acting Director of the Pension Agency. “Our RAMP membership is a unique opportunity to leverage the World Bank’s asset management expertise in order to achieve our strategic objectives, and we look forward to this partnership.”
World Bank RAMP
The World Bank Reserve Advisory & Management Partnership (RAMP) delivers advisory services, executive training, and asset management services in a global network of public asset managers, contributing to the Sustainable Development Goals of quality education, decent work and economic growth, climate action, strong institutions, and partnerships. Established in 2001, the World Bank RAMP promotes countries’ stability, resiliency, and prosperity through public asset management advisory. With over 70 members, the Partnership includes central banks, international financial institutions, public pension funds, and sovereign wealth funds. RAMP has advised over 100 public institutions and trained over 5,000 public asset management staff on sound public asset management practices.
World Bank Asset Management
The World Bank is the trusted partner for public asset managers and the largest external asset manager in the development community, with nearly $200 billion of assets under management. As a global fixed-income leader, the World Bank has advised member countries on asset management since the early 1980s. Central banks and public asset managers manage over $40 trillion in reserves and assets worldwide, underscoring their importance in the global financial system and the need for high-quality asset management & advisory services.
