Board Facts - World Bank PDF Annual Report 2021 Organizational Information - World Bank /Prev 159986 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. They make decisions on all matters, including policy, financial or membership issues. 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. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? << 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. Each Board is responsible for the general operations of their respective organization. More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. Sheila Redzepi. 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), Data - Sub-Saharan Africa (developing only). To learn more about cookies, click here. 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 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 executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. The World Bank operates day-to-day under the leadership and direction of the president, management and senior staff, and the vice presidents in charge of Global Practices, Cross-Cutting Solutions Areas, regions, and functions. endobj The President of the World Bank Group serves as Chairman of the Board. >> The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). 33 0 obj /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> 0000071268 00000 n This site uses cookies to optimize functionality and give you the best possible experience. 0000071840 00000 n 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. 0000000924 00000 n /OP false Akihiko Nishio. The World Bank is like a cooperative, made up of 189member countries. 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. 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 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. The Executive Director is supported by the Alternate Executive Director, Senior Advisors and Advisors, who review and provide advice on policies, strategies and projects presented for consideration and approval by the Executive Board. 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. hYmo7+HzkPa@ij8H#CGD>QGy%C If you continue to navigate this website beyond this page, cookies will be placed on your browser. Dominique Favre - Executive Director - The World Bank | LinkedIn We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. 0000001573 00000 n The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. 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 became one of the largest shareholders. The Board usually meets twice a week on Tuesdays and Thursdays. endobj endobj If you continue to navigate this website beyond this page, cookies will be placed on your browser. Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. >> World Bank Group's New Country Partnership Framework for Bangladesh The Executive Director represents Japan in the Executive Boards of the World Bank Group. 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. Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. /Parent 25 0 R Generally, the governors are member countries' ministers of finance or ministers of development. Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. >> A roster of the leadership across the organization, organized by institution. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /ID [] << 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. *Yiuorq!+gy49FKr:+.,F*+M/W[}}__W6g]};' -6;*,P%NjH,D2h JSUy`i'=_c)&?R-jq,;< 4$zlb McjX8cJ>=el#[=r@|m: elY5[Vm5|Py*?>ylzd?1)?2EORV2X\k{vu#=C*VZQ]Z+SgmtSbX. /E 110443 bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? /Encoding /WinAnsiEncoding Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. It displays the current and two following moths of the Executive Directors' work program in a monthly format. 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 Board usually meets twice a week on Tuesdays and Thursdays. List of World Bank executive directors and alternates - Bretton Woods 1x 1.5x 1.8x. This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. IMF and World Bank decision-making and governance Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. endobj /Info 26 0 R 0000108280 00000 n 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. New Program Promotes Green Agriculture and Rural Development in China 0000072154 00000 n 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 past 70 years have seen major changes in the world economy. Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. 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. World Bank - Wikipedia 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. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. The president is the presiding officer, and ordinarily has no vote except to break a tie. - World Bank /L 160724 /FontDescriptor 36 0 R 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. 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. If you continue to navigate this website beyond this page, cookies will be placed on your browser. /Type /ExtGState /Length 19949 Click here for more information. Number of Executive Directors. 0000002283 00000 n 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. /Type /FontDescriptor /Length1 56880 Edward Mountfield. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. endstream endobj 5545 0 obj <>stream /MediaBox [ 0 0 612 792 ] >> 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /FontFile2 37 0 R /Pages 25 0 R Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. 31 0 obj hj0_H-[PrkY{; PDF Report of The Executive Directors on The Convention on The Settlement /Rotate 0 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. 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. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. Will you take two minutes to complete a brief survey that will help us to improve our website? The current boards of the World Bank Group consist of 25 executive directors. /ItalicAngle 0 Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. Presently, IBRD Board consists of 25 Executive Directors. >> Gifts are tax deductible to the full extent allowable under the law. New executive directors at the IMF and World Bank Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. Our People, Leadership and Work Culture | Standard Chartered
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