Sumati Rajput is currently a Financial Sector Specialist at the Crisis and Disaster Risk Finance team in the Finance, Competitiveness, and Innovation Practice at the World Bank Group. She works with governments in Africa and Asia on embedding financial solutions across sectors to protect government budgets from macro-fiscal shocks of disasters and crises. She also co-leads management of the Global Risk Financing Facility, which is ~$200m program that finances pre-arranged solutions that can respond to climate shocks, disasters, and crises.
Prior to this, she worked at the Global Facility for Disaster Reduction and Recovery (GFDRR), where she managed a number of trust funds, managed a large donor community, and led the development of a number of core operational aspects of the Facility. She also has experience preparing disaster risk management and social protection projects in Africa and the Caribbean regions. Prior to working at the Bank, Sumati worked at AECOM, an urban development firm as an Economist, focusing on projects in South Asia and East Asia. Her role involved economic valuation and market research for establishing large scale urban development projects.
An Indian national, Sumati holds degrees from Yale University, where she pursued a Masters in Development Economics, and Columbia University, where she completed her undergraduate studies.
Shocks--no matter their cause--are inevitable. We all know that.
COVID-19 has halted the world as we know it. Unfortunately, natural disasters and climate shocks will not stop in its wake.