Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. endobj << 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. 0000001336 00000 n 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. Bank Information Center is a 501(c)(3) organization. PDF Annual Report 2021 Organizational Information - World Bank 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. Boards of Directors - World Bank I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. 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). There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. 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 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). >> Development Projects Projects By Country By Sector By Theme Country Engagement Read more on:Executive Directors. /Size 48 Jorge Familiar. 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. << Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. 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. World Bank Group President: David R. Malpass stream In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 33 0 obj Click here for more information. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The boards of directors consist of the World Bank Group president and 25 executive directors. President of the World Bank Group - Wikipedia 0000000924 00000 n World Bank appointments 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. /Type /Font To learn more about cookies, click here. Mr. However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. endstream endobj 5548 0 obj <>stream Gifts are tax deductible to the full extent allowable under the law. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. 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. /Subtype /TrueType /Root 31 0 R The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. 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. 0000001169 00000 n Thankful to the Government of #Japan , and the Japan International Cooperation Agency We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. /OP false The Executive Directors are responsible for conducting the day-to-day business of the World Bank. Most of them live in low- and middle-income countries. 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. /SM 0.02 Presently, IBRD Board consists of 25 Executive Directors. A roster of the leadership across the organization, organized by institution. The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. 0000000829 00000 n /Length1 56880 IMF and World Bank decision-making and governance 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). 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 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. They make decisions on all matters, including policy, financial or membership issues. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ 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 OFFICE OF THE EXECUTIVE DIRECTOR (EDS02) - World Bank The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). 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. To learn more about cookies, click here. 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. World Bank Group's New Country Partnership Framework for Bangladesh /O 32 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. Global data and statistics, research and publications, and topics in poverty and development. Japan became one of the largest shareholders. /FontFile2 37 0 R 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 The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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 voting power of each Member country is based on the number of shares it holds. 1x 1.5x 1.8x. 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. hYmo7+HzkPa@ij8H#CGD>QGy%C 0000001573 00000 n The World Bank Group works in every major area of development. Poland appoints former public TV boss to World Bank post /Descent -206 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). 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). These trust funds include: To view former Hightlights, go to "Events and Travel" tab. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 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. /ItalicAngle 0 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. 5544 0 obj <>stream >> While there are four Boards, Executive Directors serving on these Boards are usually the same. Under the IBRD Articles of Agreement, each of the five members having the largest number of shares appoints an Executive Director, and the remaining members elect the other Executive Directors. Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . This site uses cookies to optimize functionality and give you the best possible experience. The World Bank Group works in every major area of development. The World Bank Group works in every major area of development. PDF Report of The Executive Directors on The Convention on The Settlement Search for experts by topic, role, language spoken, and more. PDF World Bank Annual Report 2019 - Organizational Information Click on a country on the map to find out more information about its current World Bank Executive Director and their office. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Filter /FlateDecode 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. U 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. 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). endobj Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. 0000001478 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 - World Bank /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> 0000110199 00000 n 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. 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. << 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. 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. The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. 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 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. With regard to reform efforts . endstream endobj 5549 0 obj <>stream Environment Analysis. 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. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. /Type /ExtGState If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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 0000071268 00000 n Our People, Leadership and Work Culture | Standard Chartered /op false The Board usually meets twice a week on Tuesdays and Thursdays. 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. endstream endobj 5547 0 obj <>stream Jin is the inaugural President and Chair of the Board of Directors. The Board usually meets twice a week on Tuesdays and Thursdays. 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. 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. 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. 34 0 obj The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. 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. 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. . 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. Zimbabwe Will Hold 'Deeper' Talks With Rich Nations Over Debt *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ To learn more about cookies, click here. %%EOF It also provides technical assistance and policy advice and superviseson behalf of . Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z Other meetings such as Board Committee meetings are held at various other times whenever required. hj0_H-[PrkY{; _vqLkqH)KAjj%5''vF>{z,ux[aW8Q0qz)~hi6pIM.rijEf D/A} FqU-%&Z7=a'rSI[C=uM^#jG9;2=OET;{G5]o6ipx5kW]1&D/K0mJE+aZjs>'8oQ. ,n?#4J+ p 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. Will you take two minutes to complete a brief survey that will help us to improve our website? The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. 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. << << An Emerging Client Consensus on World Bank Reform Efforts? Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). endstream endobj 5551 0 obj <>stream endobj Vice President, Development Finance. Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. 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.
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