It also provides technical assistance and policy advice and superviseson behalf of . 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. The World Bank Group works in every major area of development. 32 0 obj Organization - World Bank Canada (English)/Canada (Franais) |Caribbean |Ireland|Jamaica|Latin America and the Caribbean|Small States, History of the Membership of the Current Constituency of EDS07, Some key takeaways from the 2020 Virtual Small States Forum held on October 8, 2020. /CropBox [ 0 0 612 792 ] Under theArticles of Agreementof IDA and IFC, Executive Directors and Alternates of the Bank serve ex officio as Executive Directors and Alternates of IDA and IFC, as long as the country that appoints them, or any one of the countries that have elected them, is a member of IFC and IDA. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 0000000829 00000 n PDF Annual Report 2021 Organizational Information - World Bank /ID [] >> The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. 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). PDF Report of The Executive Directors on The Convention on The Settlement /FontName /KJJAHM+Tahoma 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& Subscribe. Board Facts - World Bank 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. Most of them live in low- and middle-income countries. The World Bank is like a cooperative, made up of 189member countries. The Office also comprises a senior executive assistant and program assistants who provide administrative support. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. The World Bank board of executive directors (archive) While there are four Boards, Executive Directors serving on these Boards are usually the same. W|# 0C; endstream endobj 5550 0 obj <>stream Similarly to the IMF, member countries are allocated votes at the . Furthermore, Senior Advisors and Advisors assist the Executive Directors in their work, who can, along with the Alternates to Executive Directors, attend most Board meetings in an advisory capacity, without voting rights. His five-year term began on April 9. They exercise powers delegated by the Boards of Governors. 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). Shares are allocated differently in each organization, resulting in differentvoting powers. Under theIDA Articles of Agreementand theIFC 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. hj0_H-[PrkY{; We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Four Joint Japan/World Bank Graduate Scholarship Program (JJWBGSP) recipients from Columbia University School of International and Public Affairs visited Mr. Takahiro Tsuda, Alternate Executive Director for Japan. /ItalicAngle 0 World Bank Executive Directors oversee the day-to-day operations of the World Bank, approving all lending operations, policies and strategies, and institutional budgets and audits. The president is the presiding officer, and ordinarily has no vote except to break a tie. endobj The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, Each autumn, the Boards of Governors of the World Bank Group and International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, international development and finance. Zimbabwe Will Hold 'Deeper' Talks With Rich Nations Over Debt 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 six largest shareholders of the Bank - the United States, Japan, China, Germany, France and the UK, as well as Russia and Saudi Arabia - each appoint an executive director to the Board. Generally, the governors are member countries' ministers of finance or ministers of development. David R. Malpass ( @DavidMalpassWBG ), was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - World Bank A quorum for any meeting of the Board shall be a majority of the Executive Directors, exercising not less than one-half the total voting power of the Board. 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). 30 0 obj EDS06: Afghanistan, Algeria, Ghana, Iran, Morocco, Pakistan, Tunisia, EDS07: Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Jamaica, Dominica, Grenada, Guyana, Ireland St Kitts and Nevis, St Lucia, St Vincent and the Grenadine, EDS08: Argentina, Bolivia, Chile, Paraguay, Peru, Uruguay, EDS09: Australia, Cambodia, Kiribati, Republic of Korea, Marshall Islands, Micronesia, New Zealand, Palau, Papua New Guinea, Samoa, Soloman Islands, Vanuatu, EDS10: Austria, Belarus, Belgium, Czech Republic, Hungary, Kazakhstan, Kosovo, Luxembourg, Slovak Republic, Slovenia, Turkey, EDS11: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Qatar, Syria, UAE, Yemen, EDS12: Bangladesh, Bhutan, India, Sri Lanka, EDS13: Benin, Burkina Faso, Cameroon, Cape Verde, CAR, Chad, Comoros, DRC, Republic of Congo, Cote d'Ivoire, Djibouti, Equitorial Guinea, Gabon, Guinea, Guinea-Bissau, Madagascar, Mali, Mauritius, Niger, Rwanda, Sao Tome and Principe, Senegal Togo, EDS14: Botswana, Burundi, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Seychelles, Sierra Leone, Somalia, Sudan, South Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe, EDS15: Brazil, Colombia, DR, Ecuador, Haiti, Panama, Philippines, Suriname, Trinidad and Tobago, EDS16: Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam, EDS18: Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela, EDS19: Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, FYRO Macedonia, Moldova, Montenegro, Netherlands, Romania, Ukraine, EDS20: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden, EDS21: Albania, Greece, Italy, Malta, Portugal, San Marino, Timor Leste, EDS24: Azerbaijan, Kyrgyz Republic, Poland, Serbia, Switzerland, Turkmenistan, Tajikistan, Uzbekistan. Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. World Bank, in full World Bank Group, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. Under the IBRD Articles of Agreement, the Executive Directors are . These trust funds include: To view former Hightlights, go to "Events and Travel" tab. /CapHeight 1000 The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. /L 160724 Global data and statistics, research and publications, and topics in poverty and development. Read more on:Executive Directors. World Bank Group - Wikipedia We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. % Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /S 146 World Bank - Wikipedia U Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. %PDF-1.4 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. List of World Bank executive directors and alternates View this resource. >> 0000108280 00000 n /FirstChar 32 Our People, Leadership and Work Culture | Standard Chartered Private Banking Online Banking Local site Contact Us Bahamas Bahrain Bangladesh Botswana Brunei Darussalam Chinese Mainland Cte d'Ivoire Ghana Hong Kong India Indonesia Jersey Jordan Kenya Malaysia Nepal Nigeria Pakistan Singapore Sri Lanka Taiwan Tanzania Uganda UAE Vietnam Zambia More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. 34 0 obj 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. /BaseFont /KJJAHM+Tahoma C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 >> 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. 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. The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Edward Mountfield. The organizations that make up the World Bank Group are owned by the governments of member nations. The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, Technology is bringing opportunity, paving the way to create new jobs, increase productivity, and improve public service delivery. These are some stories of inspiration from World Bank projects in India. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. The bank is headquartered in Washington, D.C. in the United States.It provided around $98.83 billion in loans and assistance to "developing" and . Long-term economic growth is a key driver of poverty reduction and higher living standards. The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. endstream endobj 5551 0 obj <>stream 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. Japan is also one of the largest donors to trust funds that help the World Bank and its partners support the achievement of development results at global, regional and country levels. The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. /Type /Page 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 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. The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. The current boards of the World Bank Group consist of 25 executive directors. 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. If you continue to navigate this website beyond this page, cookies will be placed on your browser. - World Bank 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 Office also comprises a senior executive assistant and program assistants who provide administrative support. << Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. The remaining five new executive directors - Richard Murray of Australia, Peter Gakunu of Kenya, Ge Huayong of China, Javier Silva-Rueta of Peru and Laurean Rutayisire of Rwanda - have all moved into their positions after serving as alternates for their constituencies. Environment Analysis. /Type /Catalog 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. /SA false The gigantic austerity drive underway . 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$110 << 1x 1.5x 1.8x. 0ELD-H6*MEPj#vjxH. >> 30 18 Environmental and Social Policies for Projects, International Development Association (IDA), The World Banks digital platform for live-streaming, IBRD/IFC/IDA Executive Directors & Alternates (pdf), Code of Conduct for Board Officials (pdf). INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j 0000000924 00000 n The past 70 years have seen major changes in the world economy. They exercise powers delegated by the Boards of Governors. The Corporate Secretariat is responsible for coordinating the process of membership as well as assisting members to complete their subscriptions to their allocated shares under periodic capital increases in IBRD, IDA, IFC, and MIGA. A roster of the leadership across the organization, organized by institution. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. Vice President, World Bank Group External and Corporate Relations. 0000001573 00000 n 0 World Bank Group's New Country Partnership Framework for Bangladesh Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ 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. 0000023226 00000 n 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. Government of Iceland | World Bank xref In a Project Syndicate op-ed, three World Bank Executive Directors (Wempi Saputra, Erivaldo Alfredo Gomes, and Abdoul Salam Bello), representing 41 client countries across Asia, Africa, and Latin America, called for an IBRD capital increase alongside an IDA replenishment and greater mobilization of private finance. If confirmed by the World Bank board of directors, Banga, 63, will be the first Indian-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank.