These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF 20 April 2023 . 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. /Info 26 0 R /Linearized 1 h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j PDF Bank and MIGA New Boards Our People, Leadership and Work Culture | Standard Chartered 30 18 /SA false 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. 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 . V pk2 efW``0)@ X) Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. It displays the current and two following moths of the Executive Directors' work program in a monthly format. Under the IBRD Articles of Agreement, the Executive Directors are . Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. 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. /Ascent 1000 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. Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. 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 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. << 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. -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#. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. endstream endobj 5547 0 obj <>stream 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. IMF and World Bank decision-making and governance Find out more about how you can participate. Progress towards gender equality over the past 50 years. Board of Directors | Asian Development Bank << /Flags 32 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; /LastChar 122 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 operate in continuous session and meet in accordance with Bank's requirements and needs. << /FontDescriptor 36 0 R The World Bank Group works in every major area of development. With regard to reform efforts . Global data and statistics, research and publications, and topics in poverty and development. 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. 0000108280 00000 n 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. EDS06: Afghanistan, Algeria, Ghana, Iran, Morocco, Pakistan, Tunisia, EDS07: Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Jamaica, Dominica, Grenada, Guyana, Ireland St Kitts and Nevis, St Lucia, St Vincent and the Grenadine, EDS08: Argentina, Bolivia, Chile, Paraguay, Peru, Uruguay, EDS09: Australia, Cambodia, Kiribati, Republic of Korea, Marshall Islands, Micronesia, New Zealand, Palau, Papua New Guinea, Samoa, Soloman Islands, Vanuatu, EDS10: Austria, Belarus, Belgium, Czech Republic, Hungary, Kazakhstan, Kosovo, Luxembourg, Slovak Republic, Slovenia, Turkey, EDS11: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Qatar, Syria, UAE, Yemen, EDS12: Bangladesh, Bhutan, India, Sri Lanka, EDS13: Benin, Burkina Faso, Cameroon, Cape Verde, CAR, Chad, Comoros, DRC, Republic of Congo, Cote d'Ivoire, Djibouti, Equitorial Guinea, Gabon, Guinea, Guinea-Bissau, Madagascar, Mali, Mauritius, Niger, Rwanda, Sao Tome and Principe, Senegal Togo, EDS14: Botswana, Burundi, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Seychelles, Sierra Leone, Somalia, Sudan, South Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe, EDS15: Brazil, Colombia, DR, Ecuador, Haiti, Panama, Philippines, Suriname, Trinidad and Tobago, EDS16: Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam, EDS18: Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela, EDS19: Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, FYRO Macedonia, Moldova, Montenegro, Netherlands, Romania, Ukraine, EDS20: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden, EDS21: Albania, Greece, Italy, Malta, Portugal, San Marino, Timor Leste, EDS24: Azerbaijan, Kyrgyz Republic, Poland, Serbia, Switzerland, Turkmenistan, Tajikistan, Uzbekistan. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. 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. endstream endobj 5545 0 obj <>stream 5544 0 obj <>stream 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. They exercise powers delegated by the Boards of Governors. /FontFile2 37 0 R This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. Search for experts by topic, role, language spoken, and more. {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. 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. Read more on:Boards of Governors. PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - World Bank U Dominique Favre - Executive Director - The World Bank | LinkedIn 30 0 obj DP^!r% >> 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). To learn more about cookies, click here. endobj 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). 0000071268 00000 n Get our alerts and publications in your inbox. - World Bank /OP false You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. The Office also comprises a senior executive assistant and program assistants who provide administrative support. Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. 37 0 obj << Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. %PDF-1.4 The World Bank Group works in every major area of development. An Emerging Client Consensus on World Bank Reform Efforts? Phenomenal World. 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. Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. Mr. /Type /FontDescriptor >> 0000001994 00000 n >> The World Bank Group works in every major area of development. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. The World Bank Group works in every major area of development. Subscribe. 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 %%EOF << World Bank appointments /Descent -206 yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U >> 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. 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. /SM 0.02 /Prev 159986 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). Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. UN Briefing: the World Bank Group election | UNA_UK Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. Poland appoints former public TV boss to World Bank post The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. The Board of the World Bank consists of 25 executive directors. To learn more about cookies, click here. endobj The position is usually held by the countrys minister of finance. EDS14 About - World Bank /op false The organizations that make up the World Bank Group are owned by the governments of member nations. 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. These are some stories of inspiration from World Bank projects in India. 33 0 obj /O 32 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 12 Directors of the ADB Board of Directors are elected by the Board of Governors. Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 19 April 2023 . This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. Japan became one of the largest shareholders. How can we manage the growing risks of floods and droughts on a warming planet? 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. 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. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. Government of Iceland | 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 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). Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 Share. 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 0000072154 00000 n The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. /ProcSet [ /PDF /Text ] /CapHeight 1000 Documents & Reports - All Documents | The World Bank 32 0 obj startxref They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 0000001573 00000 n 0000002283 00000 n Find out what the Bank Group's branches are doing in Sub-Saharan Africa. /FirstChar 32 Vice President and World Bank Group Chief Risk Officer. While there are four Boards, Executive Directors serving on these Boards are usually the same. 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. Lakshmi Shyam-Sunder. 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. World Bank - Wikipedia /N 6 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. Senior Management - AIIB 0ELD-H6*MEPj#vjxH. They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. Organization - World Bank 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. 0000108174 00000 n /Type /Font Read more on:Executive Directors. Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. /Type /Page 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 /Metadata 29 0 R There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Page 1 of 2 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENTINTERNATIONAL FINANCE CORPORATIONINTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Equatorial Guinea 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), Committee on Governance and Executive Directors' Governance Matters (COGAM), The Japan Policy and Human Resources Development Fund (PHRD) Fund, Quality Infrastructure Investment (QII) Partnership, World Bank Joint Japan Graduate Scholarship Program. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. . << >> << 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 OFFICE OF THE EXECUTIVE DIRECTOR (EDS02) - World Bank Similarly to the IMF, member countries are allocated votes at the . Member countries of the World Bank Group appoint or elect Executive Directors to the Boards 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). /Contents [ 45 0 R 46 0 R ] What a $13B capital increase means for World Bank lending They exercise powers delegated by the Boards of Governors. 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).