world bank executive directors

0000108280 00000 n With regard to reform efforts . PDF Annual Report 2021 Organizational Information - World Bank If you continue to navigate this website beyond this page, cookies will be placed on your browser. . 0000108174 00000 n In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. Japan became one of the largest shareholders. Under the IBRD Articles of Agreement, the Executive Directors are . They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. /Type /Page % 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. Like many large organizations, we know we can and must do better as an institution to increase our diversity and inclusion to tackle discrimination, racism, injustices, exclusion, and inequality, within the World Bank Group and in the countries we serve. /StemV 92 Documents & Reports - All Documents | The World Bank /Length1 56880 h,A 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. << Government of Iceland | World Bank 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. Phenomenal World. The voting power of each Member country is based on the number of shares it holds. To learn more about cookies, click here. hj0_H-[PrkY{; To learn more about cookies, click here. World Bank Group President: David R. Malpass 0000071268 00000 n 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. Presently, IBRD Board consists of 25 Executive Directors. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. /PageLabels 27 0 R 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. 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. World Bank & IMF in the news. /Subtype /TrueType Lakshmi Shyam-Sunder. 19 April 2023 . We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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). Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2021 IBRD IDA Executive Director Alternate Casting votes of Total votes % of total Total votes % of total Appointed Elected Hayrettin Demircan (Turkey) Guenther Schoenleitner (Austria) Austria, Belarusa, Belgium, Czech Republic, Hungary, Kosovo, endstream endobj 5548 0 obj <>stream 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. 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 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. What a $13B capital increase means for World Bank lending Boards of Directors - World Bank The Office also comprises a senior executive assistant and program assistants who provide administrative support. 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. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. Who is Ajay Banga? - The Indian Express /SM 0.02 Under theIBRD 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. Other meetings such as Board Committee meetings are held at various other times whenever required. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. hYmo7+HzkPa@ij8H#CGD>QGy%C PDF Minutes of a Meeting of the Executive Directors of the Bank and the EDS14 About - World Bank 558 0 742 0 498 444 ] /Parent 25 0 R 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. /Filter /FlateDecode The Executive Directors are responsible for conducting the day-to-day business of the World Bank. /ProcSet [ /PDF /Text ] The Board of the World Bank consists of 25 executive directors. Bank Information Center is a 501(c)(3) organization. Global data and statistics, research and publications, and topics in poverty and development, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), International Bank for Reconstruction and Development (IBRD), Multilateral Investment Guarantee Agency (MIGA), World Bank Appoints Dr. Sabine Bernab as Director-General, Evaluation, Selection of the President of the World Bank Group, The World Bank Accountability Mechanism Resolution, IFC/MIGA Independent Accountability Mechanism (CAO) Policy - English and Additional Languages, The World Bank Inspection Panel Resolution, IBRD/IFC/IDA Executive Directors & Alternates (pdf), Code of Conduct for Board Officials (pdf). 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. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z /ID [] Presently, IBRD Board consists of 25 Executive Directors. 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 World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. The Office has a dual responsibility. 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. The organizations that make up the World Bank Group are owned by the governments of member nations. /O 32 endstream endobj 5545 0 obj <>stream c5 \EuM Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. Poland appoints former public TV boss to World Bank post There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. %PDF-1.7 % 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. You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. endobj Get our alerts and publications in your inbox. 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. %PDF-1.4 Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. 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; 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 Board usually meets twice a week on Tuesdays and Thursdays. 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. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . World Bank Group - Wikipedia xref >> They exercise powers delegated by the Boards of Governors. THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. They revealed that some of the toughest discussions dealt with striking a balance between. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. How can we manage the growing risks of floods and droughts on a warming planet? The World Bank is like a cooperative, made up of 189member countries. The boards of directors consist of the World Bank Group president and 25 executive directors. This number is expected to increase. >> Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). /N 6 /Prev 159986 h, 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). They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 0000072154 00000 n In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 0000001169 00000 n The Executive Director is supported by his advisory and administrative staff who are committed to working with the 189 member countries to present a consensus on development issues. Jorge Familiar. /Ascent 1000 Organization - World Bank 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. << startxref We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The World Bank Group is a consortium of five different international organisations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Progress towards gender equality over the past 50 years. Edward Mountfield. 0 0 0 589 0 0 0 0 667 0 373 0 0 0 0 0 0 0 0 0 0 584 0 0 902 0 0 0 0 0 0 0 0 Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. Vice President, Development Finance. >> Bank executive directors /Filter /FlateDecode Jin is the inaugural President and Chair of the Board of Directors. /OPM 1 Zimbabwe Will Hold 'Deeper' Talks With Rich Nations Over Debt << The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. 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). Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ 0000001994 00000 n xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. If you continue to navigate this website beyond this page, cookies will be placed on your browser. /Metadata 29 0 R Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. 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. Most of them live in low- and middle-income countries. The World Bank Group works in every major area of development. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. While there are four Boards, Executive Directors serving on these Boards are usually the same. endobj Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. 0000022918 00000 n 0000110199 00000 n 35 0 obj /Rotate 0 DP^!r% World Bank appointments /Type /FontDescriptor The Board usually meets twice a week on Tuesdays and Thursdays. 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 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Senior Management - AIIB Bank executive directors DETAILS Document Name Bank executive directors Document Date 4/1/2021 02:08:00 PM Web Publish Date 4/1/2021 02:08:00 PM Authors Corporate Secretariat Document Type Board Documents Language English Country World MAIN DOCUMENT BankExecutiveDirectors.pdf Download statistics Total Downloads** : Download Stats The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. It also provides technical assistance and policy advice and superviseson behalf of . >> Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. The World Bank Group works in every major area of development. 0000000017 00000 n /E 110443 W|# 0C; In his speech at the Warsaw School of Economics, titled Addressing Challenges to Growth, Security, and Stability, World Bank Group President David Malpass discussed how conflict, COVID-19, and climate change have created unprecedented challenges for developing countries, hurting the poorest and most vulnerable people and communities. 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. In a bid to promote local manufacturing of pharmaceutical products in nascent markets, IFC and Nippon Chemiphar Co. Ltd., a leading Japanese pharmaceutical company, are joining forces. The Executive Directors are responsible for conducting the day-to-day business of the 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. The World Bank Group works in every major area of development. **Download statistics measured since January 1st, 2014. The World Bank Group works in every major area of development. The World Bank Group works in every major area of development. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The government of Zimbabwe will "shortly conduct deeper and direct bilateral engagements with the capitals Washington DC, London and Brussels," Finance Minister Mthuli Ncube said in a presentation to IMF and World Bank executive directors. TheCode of Conduct for Board Officials(pdf) that took effect on November 1, 2022, supersedes the Code of Conduct of the Bank and the Association, and the Boards of the Corporation and the Agency respectiively, on October 19, 2018, as amended on August 6, 2021. In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. Board Facts - World Bank endstream endobj 5550 0 obj <>stream endobj The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /OP false Dominique Favre - Executive Director - The World Bank | LinkedIn 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. 0000001336 00000 n /Info 26 0 R 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. 37 0 obj Over that time, the World Bank Groupthe worlds largest development institutionhas worked to help more than 100 developing countries and countries in transition adjust to these changes by offering loans and tailored knowledge and advice. >> EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. 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 /FontFile2 37 0 R 0000000924 00000 n 1x 1.5x 1.8x. /T 159997 MIGA has its own separate Board of Directors, consisting of 25 members. World Bank Group's New Country Partnership Framework for Bangladesh Generally, the governors are member countries' ministers of finance or ministers of development. %%EOF /L 160724 Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? Find out what the Bank Group's branches are doing in Sub-Saharan Africa. /Type /ExtGState /Descent -206 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Development Projects Projects By Country By Sector By Theme Country Engagement endstream endobj 5546 0 obj <>stream 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. This site uses cookies to optimize functionality and give you the best possible experience. Vice President, Operations Policy and Country Services. The 2022 IMF/World Bank Group Spring Meetings will run from April 18 24 and will feature events on digital development, climate, trade and subsidies, fragility, and human capital.

How Do I Contact Eurostar By Email, Articles W