h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ /OPM 1 We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. << Member countries of the World Bank Group appoint or elect Executive Directors to the Boards of the International Bank for Reconstruction and Development (IBRD), International Development Agency (IDA), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA). As such, the Office supports dialogue between the WBG and our constituency countries and engages in consultations with other Executive Directors and Management to support efforts to achieve the twin goals of reducing extreme poverty to 3 percent by 2030 and promoting income growth of the bottom 40 percent in a sustainable manner. Bank executive with Chase Manhattan Bank; former Executive Director of the World Bank 4 George Woods: January 1, 1963 - March 31, 1968 United States Investment banker and bank executive with First Boston Corporation 5 Robert McNamara: April 1, 1968 - June 30, 1981 United States Business executive with Ford Motor Company; Global data and statistics, research and publications, and topics in poverty and development, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects. The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. << /Type /FontDescriptor The AFG1 Constituency 22 countries are Botswana, Burundi, Eritrea, Eswatini, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Rwanda, Seychelles, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Uganda, Zambia, and Zimbabwe. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. The Executive Director is Vice Chair of the Human Resources Committee (HRC)(pdf) and a member of the Committee on Governance and Executive Directors' Governance Matters (COGAM)(pdf). The World Bank's digital platform for live-streaming WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Click here for more information. >> Executive Directors (or Alternates) fulfill a dual function, as officials of the Bank and as representatives of the member country or countries that appointed or elected them. /BaseFont /KJJAHM+Tahoma Other meetings such as Board Committee meetings are held at various other times whenever required. Thank you for participating in this survey! 0000000829 00000 n THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. Under the IBRD Articles of Agreement, each of the five members having the largest number of shares appoints an Executive Director, and the remaining members elect the other Executive Directors. The president is the presiding officer, and ordinarily has no vote except to break a tie. /Length1 56880 /SA false Under the IDA Articles of Agreement and the IFC Articles of Agreement, the Executive Directors of IBRD serve, ex officio, as Executive Directors of IDA and as members of the Board of Directors of IFC. 5544 0 obj <>stream 0 The Annual Meetings are usually held for two consecutive years at the WBG and IMF headquarters in Washington, D.C. and every third year in another member country. >> /FontBBox [ -600 -419 1852 1034 ] Subscribe. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. 32 0 obj endobj /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> >> h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F h, Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. Global data and statistics, research and publications, and topics in poverty and development, Communiqu from the Small States Forum 2020, World Bank Group-IMF Annual Meetings in Morocco Postponed until 2022, Women, Business and the Law - 50 Years of Women's Rights, The World Bank Group committed to diversity and inclusion and equity, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), The 2022 World Bank Group Spring Meetings: Strengthening the Case for Globalism, Addressing Challenges to Growth, Security and Stability, Toward an Inclusive World: Collecting Better Data on Disability, Floods and Droughts in the Era of Climate Change, The Adaptation Principles: 6 Ways to Build Resilience to Climate Change. The Office also comprises a senior executive assistant and program assistants who provide administrative support. The Annual Meetings bring together central bankers, ministers of finance and development, private sector executives, civil society, media and academics to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, inclusive economic growth and job creation, climate change, and others. The Board of the World Bank consists of 25 executive directors. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. The Board is responsible for the conduct of the general operations of the Bank, providing overall guidance to Management on strategic directions, exercising oversight over operational, financial, and institutional matters, and approving the use of financial resources by all WBG entities and policies that impact the organizations general operations and use of resources. endobj The Ethics Committee has the authority to advise Board Officials or the President on matters related to conflict of interests, annual disclosures, or other ethical aspects of conduct in respect of Board Officials or the President, and to investigate alleged misconduct by Board Officials or the President. The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues. /H [ 924 245 ] While there are four Boards, Executive Directors serving on these Boards are usually the same. In the event that an Executive Director elected during the regular election terminates service before the next regular election, the constituency affected by the vacancy holds an interim election for a successor. stream With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. /FontDescriptor 36 0 R 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. World Bank & IMF in the news. Each Executive Director appoints an Alternate Executive Director who has full power to act for him or her when he or she is not present. /FontStretch /Normal The World Bank Group works in every major area of development. V pk2 efW``0)@ X) You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. startxref >> In the event that an Executive Director elected during the regular election terminates service before the next regular election, the constituency affected by the vacancy holds an interim election for a successor. Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2019 IBRD IDA Executive Director Alternate Casting votes of Total votes % of total Total votes % of total Appointed Elected Guenther Schoenleitner (Austria) Nathalie Marie-Louise J. Francken (Belgium) Austria, Belarusa, Belgium, Czech Jorge Familiar. endobj It provides advice on the procedures for subscribing to additional shares as authorized under resolutions approved by theBoards of Governors, including required documentation and capital subscriptions payments. This site uses cookies to optimize functionality and give you the best possible experience. The Executive Directors approved on May 25, 2022 a credit in the amount of SDR 79.6 million (US$110 million equivalent) and a grant in the amount of SDR 79.6 million (US$110 We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Vice President, World Bank Group External and Corporate Relations. 0000108174 00000 n The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. The Executive Director represents Japan in the Executive Boards of the World Bank Group. The organizations that make up the World Bank Group are owned by the governments of member nations. WASHINGTON, April 27, 2023 The World Bank's Board of Executive Directors today discussed a new Country Partnership Framework for Bangladesh (2023-2027) and approved $1.25 billion financing in three new projects. The first is to represent the interests of these Constituency members at the Executive Board of the WBG and to liaise with the respective Governors on issues relevant to the entire constituency or to a particular member of the constituency. Get our alerts and publications in your inbox. /E 110443 36 0 obj Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Flags 32 Vice President, Development Finance. /Descent -206 %PDF-1.4 These trust funds include: To view former Hightlights, go to "Events and Travel" tab. /FirstChar 32 19 April 2023 . The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. This site uses cookies to optimize functionality and give you the best possible experience. The Code of Conduct provides that, as these officials are entrusted with responsibilities as prescribed in the Articles of Agreement, By-Laws, and related documents of the organizations, their personal and professional conduct must comply with the standards and procedures set forth in the Code of Conduct. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Find out more about how you can participate. /Metadata 29 0 R Like the IMF, the board of governors has delegated most day-to-day decision-making to the four separate boards of executive directors that govern the four financial entities of the World Bank Group. DP^!r% If you continue to navigate this website beyond this page, cookies will be placed on your browser. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U /op false 37 0 obj They exercise powers delegated by the Boards of Governors. How can we manage the growing risks of floods and droughts on a warming planet? 35 0 obj However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. Executive Directors (or Alternates) fulfill a dual function, as officials of the Bank and as representatives of the member country or countries that appointed or elected them. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Read more on:Executive Directors. Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). << endstream endobj 5551 0 obj <>stream Member countries of the World Bank Group appoint or elect Executive Directors to the Boards of the International Bank for Reconstruction and Development (IBRD), the International Development Agency (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). The Executive Directors are responsible for conducting the day-to-day business of the World Bank. They exercise powers delegated by the Boards of Governors. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.