Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). 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. Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 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 %%EOF 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. bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? 0000001336 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. % endobj Vice President, Development Finance. 0000001478 00000 n 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, /BaseFont /KJJAHM+Tahoma .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR /Linearized 1 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. /Type /Font << These are some stories of inspiration from World Bank projects in India. 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. Presently, IBRD Board consists of 25 Executive Directors. 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. 0000002283 00000 n 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 organizations that make up the World Bank Group are owned by the governments of member nations. /Encoding /WinAnsiEncoding 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. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. An Emerging Client Consensus on World Bank Reform Efforts? 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. Bank executive directors The World Bank Group works in every major area of development. EDS14 About - World Bank >> 0000000924 00000 n /Resources 33 0 R /H [ 924 245 ] /Parent 25 0 R Shares are allocated differently in each organization, resulting in differentvoting powers. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 Other meetings such as Board Committee meetings are held at various other times whenever required. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF endstream endobj 5550 0 obj <>stream Other countries are grouped into constituencies, each represented by an executive director. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ The Governors and Alternates serve for terms of five years and can be reappointed. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". Gifts are tax deductible to the full extent allowable under the law. /L 160724 Before you leave, wed love to get your feedback on your experience while you were here. 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. 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. This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. /OP false The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. 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, . 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 Executive Directors Directory - Bank Information Center 47 0 obj 0000001573 00000 n >> Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. 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. Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> 0000023226 00000 n It displays the current and two following moths of the Executive Directors' work program in a monthly format. They exercise powers delegated by the Boards of Governors. 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; How can we manage the growing risks of floods and droughts on a warming planet? /Length1 56880 The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. 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. 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 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. 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 bank is headquartered in Washington, D.C. in the United States.It provided around $98.83 billion in loans and assistance to "developing" and . If confirmed by the World Bank board of directors, Banga, 63, will be the first Indian-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z /Rotate 0 The Board usually meets twice a week on Tuesdays and Thursdays. 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. The World Bank Group works in every major area of development. Development Projects Projects By Country By Sector By Theme Country Engagement The Executive Directors are responsible for conducting the day-to-day business of the World Bank. The World Bank Group works in every major area of development. Organization - 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. 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. World Bank Group Leadership This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. 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. They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. Headquarters 30 18 33 0 obj >> This site uses cookies to optimize functionality and give you the best possible experience. 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. Akihiko Nishio. They revealed that some of the toughest discussions dealt with striking a balance between. 1x 1.5x 1.8x. -A)\^ouu'pac3vA+;`W\P!0d(4?hs lt2Naw$2$$7+ jL=A{tD'H80pG['/GL!!! 8d.Hd.Hd.Hl. @~,>@;OO@V}y*VW_dbNlNa\69QQmwr7Ruho/D%FFqv#3iTbdUf6:LUbf)12HFS6[sJ,MRbFX0bU#`%f9FEA1 *lelBlyWbF~NE#if uJ,;X4#. /FontFamily (Tahoma) New Program Promotes Green Agriculture and Rural Development in China endobj xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. Vice President, World Bank Group External and Corporate Relations. 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. Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. Vice President and World Bank Group Chief Risk Officer. /XHeight 1000 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. Get our alerts and publications in your inbox. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /T 159997 /Size 48 PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - World Bank << 558 0 742 0 498 444 ] hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. /FontWeight 400 Phenomenal World. This number is expected to increase. His five-year term began on April 9. >> Collectively, they represent the constituency countries in meetings at the World Bank Group, as well as in direct consultations and negotiations with other Executive Directors offices, to gain support for the World Bank's twin goals of eliminating extreme poverty by 2030 and boosting shared prosperity. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 34 0 obj 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 responsible for the conduct of the general operations of the Bank. The World Bank Group Boards of Directors refers to four separate Boards of Directors, namely the Board 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). 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. The position is usually held by the countrys minister of finance. Conditionality Analysis. Other meetings such as Board Committee meetings are held at various other times whenever required. Click here for more information. 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). 0000022918 00000 n The Office also comprises a senior executive assistant and program assistants who provide administrative support. The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. endobj DP^!r% hYmo7+HzkPa@ij8H#CGD>QGy%C startxref 0000108174 00000 n Long-term economic growth is a key driver of poverty reduction and higher living standards. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. 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 . hj0_H-[PrkY{; Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. Mr. Thankful to the Government of #Japan , and the Japan International Cooperation Agency Board of Directors | Asian Development Bank 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. endstream endobj 5551 0 obj <>stream MIGA has its own separate Board of Directors, consisting of 25 members. Under the IBRD Articles of Agreement, the Executive Directors are . 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. 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. **Download statistics measured since January 1st, 2014. << >> The Office has a dual responsibility. /FontDescriptor 36 0 R Presently, IBRD Board consists of 25 Executive Directors. /Type /Catalog << /Subtype /TrueType The president is the presiding officer, and ordinarily has no vote except to break a tie. h, 19 April 2023 . 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. They discussed Japan- WB partnership digital issues, including digital development, cybersecurity and Total public debt stands at an alarming 50-year high in low- and middle-income economies, the equivalent of more than 200 percent of government revenues. c5 \EuM P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. Dominique Favre - Executive Director - The World Bank | LinkedIn 36 0 obj Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Info 26 0 R 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 The Office also comprises a senior executive assistant and program assistants who provide administrative support. Our People, Leadership and Work Culture | Standard Chartered 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. 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 /CapHeight 1000 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. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U /CropBox [ 0 0 612 792 ] endstream endobj 5545 0 obj <>stream 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 /FontName /KJJAHM+Tahoma Jin is the inaugural President and Chair of the Board of Directors. 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). Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C.

Jelly Discharge Pregnancy Second Trimester, Chuck Liddell Politics, Is Tara Lipinski Still Married, Articles W