0000000017 00000 n Shares are allocated differently in each organization, resulting in differentvoting powers. endstream endobj 5549 0 obj <>stream Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. 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. 0000001994 00000 n Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF They revealed that some of the toughest discussions dealt with striking a balance between. 0000001169 00000 n bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. endobj stream *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ Read more on:Executive Directors. THE OFFICE OF THE EXECUTIVE DIRECTOR (EDS02) - World Bank To learn more about cookies, click here. 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 Executive Directors consider and decide on loan and credit proposals made by the President, and they decide policy issues that guide the general operations of the Bank. 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. 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. >> /ProcSet [ /PDF /Text ] The Office also comprises a senior executive assistant and program assistants who provide administrative support. These trust funds include: To view former Hightlights, go to "Events and Travel" tab. 0000000829 00000 n 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. The Office of the Executive Director (EDS07) represents Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Ireland, Jamaica, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. 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. Mr. Zimbabwe Will Hold 'Deeper' Talks With Rich Nations Over Debt Poland appoints former public TV boss to World Bank post These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. 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 executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. Board of Directors | Asian Development Bank There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. 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. >> 0000108280 00000 n Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 - World Bank We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. V pk2 efW``0)@ X) INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Executive Director Alternate Louise LEVONIAN Donna HARRIS Antigua and Barbuda + Guyana (Canada) (Guyana) Bahamas, The Ireland BarbadosJamaica + Belize St. Kitts and Nevis World Bank Group President: David R. Malpass /Length 155 << 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. 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. They make decisions on all matters, including policy, financial or membership issues. They exercise powers delegated by the Boards of Governors. Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. Similarly to the IMF, member countries are allocated votes at the . More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. /Length 19949 Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. /FontFamily (Tahoma) f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z Read more on:Boards of Governors. endobj /Size 48 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. The current boards of the World Bank Group consist of 25 executive directors. The president is the presiding officer, and ordinarily has no vote except to break a tie. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. << 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). World Bank - Wikipedia 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 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, . World Bank Group's New Country Partnership Framework for Bangladesh Progress towards gender equality over the past 50 years. .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. 0000071268 00000 n >> 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. The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. Boards of Directors - World Bank List of World Bank executive directors and alternates - Bretton Woods The World Bank is like a cooperative, made up of 189member countries. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /FirstChar 32 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. {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /Info 26 0 R Number of Executive Directors. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. Generally, the governors are member countries' ministers of finance or ministers of development. Documents & Reports - All Documents | The World Bank 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 The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). 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. 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. While there are four Boards, Executive Directors serving on these Boards are usually the same. >> 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). c5 \EuM 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 Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. 32 0 obj Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. 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 34 0 obj 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. 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 $1.25 billion financing in three new projects. The Office has a dual responsibility. The World Bank Group works in every major area of development. 1x 1.5x 1.8x. Headquarters /E 110443 He is of the strong conviction that it is in all people's interest to . EDS14 About - World Bank Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. /Parent 25 0 R /S 146 PDF Bank and MIGA New Boards Appointment of executive directors There are currently 24 EDs on the board, one each for the five largest shareholders at the Bank- US, Japan, Germany, France and UK (see box). 0000022332 00000 n Jorge Familiar. 19 April 2023 . The Executive Directors consider and decide on loan and credit proposals made by the President, and they decide policy issues that guide the general operations of the Bank. Environmental and Social Policies for Projects, International Development Association (IDA), The World Banks digital platform for live-streaming, IBRD/IFC/IDA Executive Directors & Alternates (pdf), Code of Conduct for Board Officials (pdf). The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors, who represent member countries. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . 35 0 obj h, An Emerging Client Consensus on World Bank Reform Efforts? /FontName /KJJAHM+Tahoma h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j 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 33 0 obj MIGA has its own separate Board of Directors, consisting of 25 members. /XHeight 1000 0000023226 00000 n New executive directors at the IMF and World Bank PDF Report of The Executive Directors on The Convention on The Settlement 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. /Flags 32 INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES, 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), Multilateral Investment Guarantee Agency (pdf), Senior Managing Director, Development Policy and Partnerships, Managing Director and World Bank Group Chief Financial Officer, Managing Director and World Bank Group Chief Administrative Officer, Senior Vice President and World Bank Group Chief Economist, Senior Vice President and WBG General Counsel (LEG), Acting Vice President, Budget, Performance Review, and Strategic Planning, Acting Vice President, Ethics and Internal Justice Services (EIJ VPU), Vice President, Eastern and Southern Africa, Vice President, Western and Central Africa, Vice President, Latin America and Caribbean, Vice President, Middle East and North Africa, Acting World Bank Group Chief Information Officer and Vice President, Information & Technology Solutions, Vice President, Equitable Growth, Finance, and Institutions, Acting Director General, Independent Evaluation Group, Vice President for Finance and World Bank Group Controller, Vice President, World Bank Group People and Culture, Vice President and Auditor-General, Internal Audit, Vice President and Treasurer, World Bank andPension Finance Administrator, World Bank Group, Vice President, World Bank Group External and Corporate Relations, Vice President, Operations Policy and Country Services, Vice President and World Bank Group Chief Risk Officer, Secretary, World Bank Accountability Mechanism, Chief of Staff to the World Bank Group President, Vice President and Treasurer,Treasury & Mobilization, Vice President, Economics and Private Sector Development, Regional Vice President, Middle East, Central Asia, Trkiye, Afghanistan, and Pakistan, Regional Vice President for Asia and Pacific, Regional Vice President for Europe and Latin America and the Caribbean, Vice President and Chief Risk, Legal and Administrative Officer, Director and General Counsel, Legal Affairs and Claims, Director for Climate, Energy, Extractives, Financial and Capital Markets Operations, Director for Infrastructure, Manufacturing, Agribusiness, Services (MAS) and Trade Operations, Vice President, Compliance Advisor/Ombudsman. 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. Other meetings such as Board Committee meetings are held at various other times whenever required. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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. During the Spring Meetings and Annual Meetings, the Bank Information Center, in partnership with CIVICUS: World Alliance for Citizen Participation and its members, award an Executive Directors Office with the Open for Business Award. 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, Dominique Favre - Executive Director - The World Bank | LinkedIn The Executive Director represents Japan in the Executive Boards of the World Bank Group. The Governors and Alternates serve for terms of five years and can be reappointed. 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. To learn more about cookies, click here. DP^!r% The President of the World Bank Group serves as Chairman of the Board. In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. hTKo0+#wJ&N; V#JQ[):X&A0 @ 2s6 mn?|)jM Board Facts - World Bank Before you leave, wed love to get your feedback on your experience while you were here. This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. Thankful to the Government of #Japan , and the Japan International Cooperation Agency 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. 20 April 2023 . 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. World Bank appointments /Ascent 1000 /FontFile2 37 0 R President of the World Bank Group - Wikipedia W|# 0C; 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. Each Board is responsible for the general operations of their respective organization. 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. Our People, Leadership and Work Culture | Standard Chartered 36 0 obj The World Bank Group works in every major area of development. Vice President and World Bank Group Chief Risk Officer. Jin is the inaugural President and Chair of the Board of Directors. Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. PDF World Bank Annual Report 2019 - Organizational Information /LastChar 122 Share. trailer stream >> yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U Environment Analysis. 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). 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. startxref WASHINGTON, April 28, 2023The World Bank's Board of Executive Directors today approved a US$345 million loan that supports China's global public goods agenda by promoting the greening of agriculture and rural development in Hubei and Hunan provinces in central China.The program will reduce greenhouse gas (GHG) emissions from crop and livestock farming, increase carbon sequestration in . /SA false /N 6 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. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 Sheila Redzepi. /Widths [ 313 0 0 0 0 0 0 0 0 0 0 0 0 0 303 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 /SM 0.02 Gifts are tax deductible to the full extent allowable under the law. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. Other countries are grouped into constituencies, each represented by an executive director. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. /Resources 33 0 R Senior Management - AIIB 47 0 obj The position is usually held by the countrys minister of finance. How can we manage the growing risks of floods and droughts on a warming planet? 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. endobj Subscribe. The World Bank Group works in every major area of development. This site uses cookies to optimize functionality and give you the best possible experience. THE OFFICE OF THE EXECUTIVE DIRECTOR (EDS07) - World Bank Get our alerts and publications in your inbox. /Type /ExtGState The World Bank Group works in every major area of development. 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.
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