WASHINGTON, Dec. 28 (Xinhua) -- The World Bank announced Wednesday that Hasan Tuluy, a Turkish national and a strong supporter of inclusive growth, will become the new vice president.

Tuluy will assume the post as of Jan. 1 and will be responsible for Latin America and the Caribbean issues, the World Bank said in a statement. He replaces Pamela Cox, who will take the position of vice president for the East Asia and the Pacific Region.

Tuluy will lead the activities of more than 700 staff working in Latin America and the Caribbean region and will oversee a portfolio of over 17 billion dollars in loans, grants and credits. The World Bank serves 31 countries in the region, home to more than 540 million people.

The World Bank said Tuluy's emphasis in Latin America and the Caribbean, shaped by his previous experiences, will consolidate the role of the World Bank as a trusted partner, helping countries deliver opportunities to all citizens through sustained and socially inclusive growth.

Prior to becoming vice president for Latin America, Tuluy was the World Bank's vice president for human resources.