Sergei Shatalov retired from the World Bank in September 2020 and is currently an independent consultant in international development, project finance and corporate governance in international financial institutions.
In 2014-2020, Sergei was unit director, Strategy, Performance and Administration (SPA) Department of the World Bank, which supported the strategy formulation work thread of the World Bank Group’s top management team. Earlier in this period he served as Advisor to the Chief Economist of the World Bank’s Europe and Central Asia Region.
In 2010-2014 Sergei was on external service from the World Bank as Deputy Chairman of the Eurasian Development Bank (EDB), a multilateral bank with six country members. At EDB, Sergei launched and supervised the Eurasian Fund for Stabilization and Development, a regional financial arrangement with US$8.5 billion under management.
In 2007-2009, Sergei was World Bank Country Manager for Kazakhstan. Earlier, he held a variety of lead positions in the Europe and Central Asia and the Middle East Regions of the World Bank, specializing in fiscal risk and public debt management.
Prior to joining the World Bank in 1992, Sergei was a researcher at the Institute of African Studies of the Russian Academy of Sciences.