<< /Length 19949 << /FontStretch /Normal /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 << Other countries are grouped into constituencies, each represented by an executive director. 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 Japanese additional contribution to the Global Concessional Financing Columbia University JJWBGSP Scholars Visit Executive Office of Japan, Raising the bar on debt data transparency. 20 April 2023 . The Executive Directors are responsible for conducting the day-to-day business of the World Bank. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /FontName /KJJAHM+Tahoma List of World Bank executive directors and alternates View this resource. 0000072154 00000 n Development Projects Projects By Country By Sector By Theme Country Engagement 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. h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Share. Similarly to the IMF, member countries are allocated votes at the . 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), International Development Agency (IDA), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA). 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. The World Bank Group works in every major area of development. << /Info 26 0 R 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. h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. Regular elections of Executive Directors are held every two years at the time of the Annual Meetings. /CropBox [ 0 0 612 792 ] /Length 155 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. 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). >> Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. Pursuant to the Code of Conduct, the Board has established an Ethics Committee to address ethics matters concerning Board Officials in order to ensure sound governance pursuant to the Code of Conduct. Progress towards gender equality over the past 50 years. They revealed that some of the toughest discussions dealt with striking a balance between. 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. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. The gigantic austerity drive underway . Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. endobj How can we manage the growing risks of floods and droughts on a warming planet? Edward Mountfield. 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. 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). The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. hYmo7+HzkPa@ij8H#CGD>QGy%C 0000000017 00000 n >> /H [ 924 245 ] /XHeight 1000 The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. 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. endstream endobj 5551 0 obj <>stream /CapHeight 1000 The President of the World Bank Group serves as Chairman of the Board. 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 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. 0 endstream endobj 5550 0 obj <>stream We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. h, Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. /Type /Page DP^!r% While there are four Boards, Executive Directors serving on these Boards are usually the same. 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. Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. /BaseFont /KJJAHM+Tahoma Environment Analysis. 0000001336 00000 n 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. 0000022332 00000 n 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). /O 32 The Code of Conduct for Board Officials sets forth principles and ethical standards for the Executive Directors, the Presidents of each of the organizations, Executive Director Designates, Executive Director Post-Designates, Alternate Executive Directors, Alternate Executive Director Designates, Alternate Executive Director Post-Designates, Temporary Alternate Executive Directors, Senior Advisors, and Advisors to Executive Directors (collectively, Board Officials) in connection with, or having a bearing upon, their status and responsibilities in the organizations of the World Bank Group. The World Bank Group works in every major area of development. /Metadata 29 0 R << Vice President, Development Finance. This site uses cookies to optimize functionality and give you the best possible experience. Headquarters Gifts are tax deductible to the full extent allowable under the law. 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 << 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. Will you take two minutes to complete a brief survey that will help us to improve our website? 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 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. The boards of directors consist of the World Bank Group president and 25 executive directors. 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. c5 \EuM The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. Learn more about latest news and developments in our constituent country. To learn more about cookies, click here. Read more on:Executive Directors. 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). This site uses cookies to optimize functionality and give you the best possible experience. >> Phenomenal World. 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. /L 160724 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. Jorge Familiar. 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. /E 110443 The Executive Directors are responsible for conducting the day-to-day business of the World Bank. MIGA has its own separate Board of Directors, consisting of 25 members. You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. Jin is the inaugural President and Chair of the Board of Directors. 30 0 obj >> Global data and statistics, research and publications, and topics in poverty and development. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2019 IBRD IDA Executive Director Alternate Casting votes of Total votes % of total Total votes % of total Appointed Elected Guenther Schoenleitner (Austria) Nathalie Marie-Louise J. Francken (Belgium) Austria, Belarusa, Belgium, Czech Mr. These trust funds include: To view former Hightlights, go to "Events and Travel" tab. endstream endobj 5545 0 obj <>stream stream 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 endstream Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Click here for more information. /FirstChar 32 Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. The World Bank Group works in every major area of development. The World Bank Group works in every major area of development. Each Board is responsible for the general operations of their respective organization. To learn more about cookies, click here. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? 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 president is the presiding officer, and ordinarily has no vote except to break a tie. 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. 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 After a series of informal discussions on the basis of working papers prepared by the staff of the Bank, the Executive Directors decided that the Bank should convene consultative meetings of legal experts designated by member governments to consider the subject in greater detail. /Parent 25 0 R Bank Information Center is a 501(c)(3) organization. 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. *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ >> >> It displays the current and two following moths of the Executive Directors' work program in a monthly format. The Office also comprises a senior executive assistant and program assistants who provide administrative support. To learn more about cookies, click here. 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. >> /Type /FontDescriptor EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. 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. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U 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. endobj 0000071268 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. 0000001169 00000 n /ProcSet [ /PDF /Text ] /Filter /FlateDecode The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. World Bank appointments 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. Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /op false /Length1 56880 endobj Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 0000110199 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. 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. Find out what the Bank Group's branches are doing in Sub-Saharan Africa. Presently, IBRD Board consists of 25 Executive Directors. 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. 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.

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