NAVEEN SARNA, Ph. D
US Citizen
7600 Hemlock Street, Bethesda, MD 20817
(301)312-8494 (H) ; (240)515-1133 (C)
Email: naveensarna@gmail.com
EDUCATION
1991 - 1997
Ph.D. (Economics)
University of Maryland, College Park, Maryland, 20742
Specialization in Macroeconomics and International Trade
1989 - 1991
MA (Economics)
University of Maryland, College Park, Maryland, 20742.
Specialization in International Development Economics.
1979 - 1981
MA (Economics)
Delhi School Of Economics, Delhi, India
Specialization in International Trade and Finance.
1976 - 1979
BA ( Hons.) Economics
Delhi University, 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 courses titled “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” to regular full time MBA and Executive MBA program courses at George
Washington University. (2006- 2008)
B. World Bank Experience
Senior Economic Consultant
World Bank, Washington DC, 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.
(http://lnweb18.worldbank.org/oed/oeddoclib.nsf/24cc3bb1f94ae11c85256808006a0046/8abefe
c99741c09b85256f69005e43b2/$FILE/gppp_gdn_wp.pdf ) World Bank’s process of grant
making, which amounts to over US$ 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.
(http://lnweb18.worldbank.org/oed/oeddoclib.nsf/DocUNIDViewForJavaSearch/F97A9075E64
3981785256C0700753005/$file/GPPP.pdf ) The report, for the first time evaluated the
strategic effectiveness of the Banks management and grant making processes including the role
of the appropriate trust funds of bilateral and multilateral donors. Invited by the United
Nation’s Inter Agency Working Group of Evaluators in Vienna and by the UN’s High Level
Committee on Programs (HLCP) to discuss the findings of the report.
 Task managed the evaluation of 60 grant supported economic and trade related programs
(amounting to US$ 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, Washington DC, USA.
(1995 – 1999, 40 hours per week)
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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 Caribbean countries. 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)
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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
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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, Washington D.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 China and 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 USA business 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 BankInternational 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)
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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
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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 Indian
government officials, and to foreign governments and private representatives relating to trade
issues.
PUBLICATIONS AND PAPERS READ TO PROFESSIONAL GROUPS
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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
Washington DC on July,
2001.(http://lnweb18.worldbank.org/oed/oeddoclib.nsf/DocUNIDViewForJavaSearch/F97A90
75E643981785256C0700753005/$file/GPPP.pdf)
“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.
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“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, Washington
D.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. National
Academy 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
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Center for Institutional Research and the Informal Sector, University of Maryland, fellowship
awarded for 1995-1996
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University of Maryland Scholarship, 1990-94.
COMPUTER SKILLS
SPSS, SAS (PC & Mainframe), TSP/E-Views, Lotus Notes, Microsoft
Power Point, Microsoft Excel, Microsoft Word and Black Board.