/Contents [ 45 0 R 46 0 R ] 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. The Office has a dual responsibility. Subscribe. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. 558 0 742 0 498 444 ] xref 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. The Office also comprises a senior executive assistant and program assistants who provide administrative support. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& V pk2 efW``0)@ X) Presently, IBRD Board consists of 25 Executive Directors. 0000001994 00000 n /Ascent 1000 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. Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. This site uses cookies to optimize functionality and give you the best possible experience. /FontWeight 400 << In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 0000000924 00000 n The World Bank Group works in every major area of development. The president is the presiding officer, and ordinarily has no vote except to break a tie. 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. /Root 31 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. 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 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. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. 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). List of World Bank executive directors and alternates View this resource. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. 31 0 obj 32 0 obj 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 *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ Edward Mountfield. /MediaBox [ 0 0 612 792 ] 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. endobj 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. #>tAY76#l'N2Ui8T[ HHEM6CcYQ The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Gifts are tax deductible to the full extent allowable under the law. However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. 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. endobj 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. endstream endobj 5546 0 obj <>stream 0000108174 00000 n >> 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. These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. The World Bank Group works in every major area of development. MIGA has its own separate Board of Directors, consisting of 25 members. 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. Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U 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. World Bank appointments This site uses cookies to optimize functionality and give you the best possible experience. 0000000017 00000 n 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 >> The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. /Subtype /TrueType 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. To learn more about cookies, click here. Under the IBRD Articles of Agreement, the Executive Directors are . They exercise powers delegated by the Boards of Governors. endstream endobj 5551 0 obj <>stream 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. /Type /ExtGState 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. 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. Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. << %PDF-1.7 % The World Bank Group works in every major area of development. << 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. Shares are allocated differently in each organization, resulting in differentvoting powers. 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. /FontName /KJJAHM+Tahoma /N 6 /Prev 159986 The President of the World Bank Group serves as Chairman of the Board. They revealed that some of the toughest discussions dealt with striking a balance between. 30 0 obj endobj 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. /FontDescriptor 36 0 R Will you take two minutes to complete a brief survey that will help us to improve our website? 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. Conditionality Analysis. % The Executive Director represents Japan in the Executive Boards of the World Bank 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). Click on a country on the map to find out more information about its current World Bank Executive Director and their office. /CapHeight 1000 h,A 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. /Filter /FlateDecode /Encoding /WinAnsiEncoding We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /Length1 56880 Read more on:Boards of Governors. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. stream These are some stories of inspiration from World Bank projects in India. /Type /Catalog /Linearized 1 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 number is expected to increase. 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. /H [ 924 245 ] The Polish-Swiss Constituency consists of. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. /S 146 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. /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 /Pages 25 0 R 1x 1.5x 1.8x. 0000110199 00000 n The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. 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'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. A roster of the leadership across the organization, organized by institution. THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. 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, . Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". 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. 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 /L 160724 Sheila Redzepi. Phenomenal World. David R. Malpass ( @DavidMalpassWBG ), was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019.