NAVEEN SARNA, Ph. D

US Citizen

7600 Hemlock Street, Bethesda, MD20817

(301)312-8494 (H) ; (240)515-1133 (C)

Email:

EDUCATION

1991 - 1997Ph.D. (Economics)

University of Maryland, College Park, Maryland, 20742

Specialization in Macroeconomicsand International Trade

1989 - 1991MA (Economics)

University of Maryland, College Park, Maryland, 20742.

Specialization in International Development Economics.

1979 - 1981MA (Economics)

DelhiSchool Of Economics, Delhi, India

Specialization in International Trade and Finance.

1976 - 1979BA ( Hons.) Economics

DelhiUniversity, Delhi, India.

EMPLOYMENT HISTORY

A. Academic and Teaching Experience

Lecturer (Economics)/Adjunct Professor of Economics (2005- Present)

Undergraduate Teaching

  • Taught courses in “Principles of Macroeconomics, “Principle of Microeconomics” and “Global Economic Policies” courses at University of Maryland (UMD), College Park, MD.
  • Taught courses in International Economics, Money and Banking, Contemporary Economic Issues” and Principles of Macroeconomics and Microeconomics courses at the

Northern Virginia Community College (NOVA) campus at Alexandria, VA.

Graduate Level Teaching

  • Independently developed and taught coursestitled “BRICS and the Global Economy” and “Global Financial Crisis” to graduate students at Global Public Policy Institute (GPPI) Georgetown University, Washington DC. (2012- Present)
  • Taught graduate level courses on “Macroeconomics and Global Strategy”and “Managerial Economics” at McDonough School of Business, Georgetown University, Washington DC (2005-2007).
  • Developed and taught graduate level courses on “Managerial Economics” and “Global Business Strategy” toregular full time MBA and Executive MBA program courses at George Washington University. (2006- 2008)

B. World Bank Experience

Senior Economic Consultant

World Bank, WashingtonDC, USA

(2000 – 2005, 40 hours per week)

  • Responsible for monitoring and evaluating the Bank’s grant financed public-private global programs (namely Integrated Framework for Trade-Related Technical Assistance, The Financial Sector Reform and Strengthening Initiative,and other UN supported economic grant partnerships). Independently led the evaluation of the Global Development Network (GDN) that was founded and is currently being supported by the World Bank. ( ) World Bank’s process of grant making, which amounts to over US$ 650 million annually, supports global programs and partnerships relating to trade, finance, economic and the private sector. Co-authored, the Report on the Banks Approach to Grant Making. ( ) The report, for the first time evaluated the strategic effectiveness of the Banks management and grant making processes including the role of the appropriate trust funds of bilateral and multilateral donors. Invited by the United Nation’s Inter Agency Working Group of Evaluators in Vienna and by the UN’s High Level Committee on Programs (HLCP)to discuss the findings of the report.
  • Task managed the evaluation of 60 grant supported economic and trade related programs (amounting to US$ 130 million in grant funding) that have exited from the financial support of the Development Grant Facility (DGF) of the World Bank. The review informed the Bank’s Executive Board about the disengagement experience of the grant funded programs across the Bank’s networks of Poverty Reduction and Economic Management, Finance, Human Development, Infrastructure, Environment and Private Sector Development.
  • Closely consulted with a number of global partnership (GPs) related stakeholders, including, executive directors of GPs, governing board members, senior and working level government officials, USAID and World Bank field staff, bilateral and multilateral donor institutions, civil society and members of the academia during field visits to Canada, Ethiopia, India, the Philippines, Thailand, Switzerland and United Kingdom. Besides, I also had consultations with the various heads/or senior managers of UN organizations including the ILO, ITC, UNCTAD, UNDP, and WTO on the World Bank’s involvement in financing global public private partnerships related to trade and finance.

Country Economic Consultant for Belize, Guyana, Haiti, and Trinidad and Tobago, Latin America and Caribbean Region

The World Bank, WashingtonDC, USA.

(1995 – 1999, 40 hours per week)

  • Working as a Country Economist for Belize, Guyana, Haiti, Trinidad and Tobago and Suriname, in the Latin America and Caribbean Region of The World Bank, I helped task manage country strategy papers for all of the above listed countries and assisted senior government officials in framing pro-growth macroeconomic and trade policies aimed at sustained economic development. I analyzed economic and trade data and examined the macroeconomic impacts and suggested policy prescriptions to the country governments. Represented World Bank in meetings with Export Promotion Councils, Free Trade Processing Zones officials and Chamber of Commerce in these countries to suggest best practices to open the economies and exploit the advantages of free trade.
  • Responsible for the RMSM –X macroeconomic forecasting model for all the listed countries and used and analyzed the macroeconomic results in Bank documents.
  • Responsible for reviewing and monitoring the Public Expenditure of the country for economic sectors for Haiti. Co- authored, along with the staff from USAID and CIDA, a policy paper on Public Sector Investment Program for Haiti based on the discussions in the field with the Government officials and the external donors. Prepared the database on the macroeconomic economic data and forecasting model for these Caribbeancountries. Additionally, prepared public sector investment program (PSIP) and the suggested key recommendations to senior government officials on public expenditures program.
  • Assisted in preparing, jointly with the IMF staff team, the debt reduction package for Guyana under the Heavily Indebted Poor Countries (HIPC) Initiative amounting to a debt-service relief of about US$500 million to help the country finance its basic health and education. Responsible for negotiating Bank lending with respective country stakeholders of these countries. Represented World Bank in the negotiations with the Government of Belize, Guyana and Trinidad and Tobago regarding respective issues relating to health and education policies and expenditures, trade, social reforms and structural adjustment. Participated in various World Bank Missions to Trinidad and Tobago, Guyana, Belize, and Haiti.

C. Private Sector/ Wall Street Experience

Financial Consultant, Smith Barney, Citigroup

Washington DC, USA

(1999 – 2000, 40 hours per week)

  • Performing risk management analysis, building sector-weighted asset allocation models and managing portfolios (including long and short term asset management in equity investments, debt structuring and fixed income) for high net-worth clients. Assist corporate clients requiring venture capital and investment banking advice. Examining macro-economic trends and its impact on the capital market especially equities and bonds. Responsible for monitoring and analyzing domestic and international capital markets to assist high net worth clients in making appropriate financial decisions. Completed extensive training in US securities including rules and regulations for compliance with NASD/SEC at Smith Barney’s training institute at Hartford, Connecticut, regional Municipal Bond control center in Philadelphia and at HQ in New York
  • Successfully earned Series 7, 63 and 65 (investment advisor) licensing certification of NASD. Substantial knowledge of registration of securities, licensing of Broker- Dealers, Agents and Investment Advisors, administration of the Uniform Securities act including issues related to fraudulent and prohibited practices in the securities industry.

D. Foreign Government and Overseas Experience

Second Secretary (Economic and Finance)

The Embassy of India, WashingtonD.C., USA.

(1986 – 1989, 40 hours per week)

  • Used economic techniques, models, and other technical economic applications to assess the performance and global competitiveness of Indian economy and the impact of international trade and trade policies on the Indian economy. Conducted analysis of USA and Chinaand their trade policies so as to draw lessons for India.
  • Analyzed U.S. policies and trends relating to bilateral trade, foreign direct investments and prepared briefs for senior managers of Government of India. Disseminated all economic and financial information relating to India to USAbusiness clients. Facilitated U.S. companies to do investment in India and vice versa. Liaison with United States Administration, Legislation (House and Senate Committees and Sub-Committees) and other United States economic agencies and economic think-tanks. Provided expert advice and analyses to senior managers.
  • Represented India in major donor meetings and conferences including the Annual World Bank-International Monetary Fund Meetings. Responsible for conducting economic and trade policy analyses, preparation of written reports and briefing papers, and providing advice on issues pertaining to India. Monitored, identified, and assessed economic and trade data and their impacts on the Indo- US trade balance, India’s bilateral trade agreements. Prepared written studies and assisted in the preparation of briefing materials for senior government officials. Advised, analyzed, and prepared recommendations for actions by the government of India.
  • Responsible for issuing the Economic, Trade and Financial Newsletter for the Embassy of India, which was aimed at disseminating information on India's investment climate, Indo-US trade information and foreign collaboration procedures and regulations. Closely monitored U.S. Agency for International Development's and International Development Association’s projects in India aimed at examining the utilization and disbursements of loans / grants assistance.

Assistant Director, Ministry of Finance

The Government of India, New Delhi, India.

(1984 – 1986, 40 hours per week)

  • Examined issues relating to industrial finance, resource availability and mobilization. Prepared briefs for the meeting of the Board of Directors of India’s Financial Institutions (IFI'S) on issues relating to loan guarantees, direct loans, project grants and feasibility study findings
  • Responsible for preparing. "Quarterly Bulletin Of Industrial Statistics" a Government of India publication.Maintained Data Bank on selected industries and analyzed the performance of Public Sector Undertakings of the Government of India.

Assistant Secretary

Foreign Trade Division

Punjab, Haryana, Delhi Chamber Of Commerce and Industry (PHDCCI)

New Delhi, India

(1981-84. 40 hours per week)

  • Assisted industrial and export businesses in establishing joint ventures, technical collaborations and third country ventures with foreign companies.
  • Organized trade missions aimed to promote bilateral trade between private sector in India and businesses in other countries around the world.
  • Conducted seminars and workshops on issues relating to foreign trade and investment regulations and government of India’s incentives for private sector participation.
  • Represented the Chamber to other trade-involved government agencies, to high-level Indiangovernment officials, and to foreign governments and private representatives relating to trade issues.

PUBLICATIONS AND PAPERS READ TO PROFESSIONAL GROUPS

  • Presented the results of the evaluation of the World Bank's Involvement in Global Public Policies and Programs to the UN Evaluation group in Vienna, Austria in 2002, ((Joint with Dr. Lele and Dr. Gerrard)
  • Authored the evaluation paper “The World Bank and Global Public Policies and Programs: An Evaluation Strategy”. The paper built the methodology for examining the financing of global programs and was presented to relevant stakeholders at the stakeholder workshop held in WashingtonDC on July, 2001.(
  • “Financing Global Public Goods” (co-authored with Dr. Lele), presented at workshop on Global Public Goods held in Ottawa on June 4-6, 2001.
  • “Governance and Growth” a paper co-authored with late Dr. Mancur Olson, Distinguished Professor at the University of Maryland, College Park, Public Choice, May 2000.
  • “Economic Policy, National Institutions and Economic Growth” a Ph.D. dissertation directed by Mancur Olson, Distinguished Professor of Economics, at the University of Maryland, College Park, 1997 and Prof. Martin N. Baily, former Chairman of Council of Economic Advisor to President Clinton.
  • “Economic Growth and Institutions In Africa: A Cross-Country, Time Series Analysis” an empirical study was presented in the invited session “Political Dimensions of Economic Growth” of the Southern Economic Association Annual Meeting, in Washington D.C. in November,1996. Paper was published in Journal of African Studies, Volume 17, Number 1, Fall /Winter 199-2000.
  • “A Macroeconomic Framework - Georgian Economy In Transition” a paper based on the projection macro-economic model for the Georgia economy. The model is based on the flow of funds methodology to guarantee overall consistency in projections. The paper was commissioned by the Eastern European and Central Asia Region, World Bank, WashingtonD.C.,1993
  • “Direct Investment in United States: Economic Regulations and Restrictions” a working paper prepared for the Government of India, 1988
  • “Impact of Changes in China’s Foreign Investment Procedures and Policy on its Economic Development”, a research study commissioned by the Government of India, 1987
  • A study on the “Role of Financial Institutions in India” presented at the Business Economics Meet in New Delhi, India, 1986
  • “Econometric Issues Relating to Estimation of Export Demand Function”, a research study presented at the Institute of Economic Growth, Delhi, India, 1983
  • “Financing for Development : A South Korean Experience” a working paper presented at the Institute of Economic Growth., Delhi, India, 1982
  • “South-South Co-operation: Some Emerging Issues” a study presented at the L.B.S.NationalAcademy of Administration, Mussorie, India, 1982
  • A case study on “Free Trade Zones: The Indian Experience” presented at the Banker’s Training College, Reserve Bank of India, Pune, India, 1982
  • “Food for Work Program: A Critical Examination” a research study commissioned in West Bengal and Uttar Pardesh under the fellowship awarded at Delhi School of Economics, India, 1981.

FELLOWSHIPS AND AWARDS

  • Award for “Excellent Scholastic Achievement” was presented by Del. Mark Shriver, Member of Maryland House of Delegates at the ceremony held at National Institute of Health (NIH), Maryland, USA 1997
  • Center for Institutional Research and the Informal Sector, University of Maryland, fellowship awarded for 1995-1996
  • University of Maryland Scholarship, 1990-94.

COMPUTERSKILLS

SPSS, SAS (PC & Mainframe), TSP/E-Views, Lotus Notes, Microsoft Power Point, Microsoft Excel, Microsoft Word and Black Board.