world bank executive directors

New Program Promotes Green Agriculture and Rural Development in China They make decisions on all matters, including policy, financial or membership issues. 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. 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. 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. The past 70 years have seen major changes in the world economy. *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ /Type /FontDescriptor World Bank | Definition, History, Organization, & Facts Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. /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. The organizations that make up the World Bank Group are owned by the governments of member nations. Similarly to the IMF, member countries are allocated votes at the . 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. 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. /O 32 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. 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. /N 6 /L 160724 30 0 obj Jin is the inaugural President and Chair of the Board of Directors. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z 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. 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 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. /E 110443 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. 0000071840 00000 n Dominique Favre - Executive Director - The World Bank | LinkedIn .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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). 0ELD-H6*MEPj#vjxH. Poland appoints former public TV boss to World Bank post THE OFFICE OF THE EXECUTIVE DIRECTOR (EDS07) - World Bank The World Bank Group works in every major area of development. 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. 558 0 742 0 498 444 ] /Prev 159986 0000108174 00000 n 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. 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, These trust funds include: To view former Hightlights, go to "Events and Travel" tab. /Root 31 0 R 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 World Bank - Wikipedia To learn more about cookies, click here. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. These are some stories of inspiration from World Bank projects in India. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. His five-year term began on April 9. 37 0 obj Click here for more information. >> The World Bank Group works in every major area of development. 0000001169 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. Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, >> 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. The World Bank Group works in every major area of development. 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. Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". 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. Environment Analysis. The Office has a dual responsibility. endstream endobj 5547 0 obj <>stream PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - World Bank Vice President and World Bank Group Chief Risk Officer. /OPM 1 The Governors and Alternates serve for terms of five years and can be reappointed. endobj 5544 0 obj <>stream >> Before you leave, wed love to get your feedback on your experience while you were here. 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. h,A /Length 19949 The voting power of each Member country is based on the number of shares it holds. hTKo0+#wJ&N; V#JQ[):X&A0 @ 2s6 mn?|)jM /XHeight 1000 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 Executive Director represents Japan in the Executive Boards of the World Bank Group. World Bank Group President: David R. Malpass PDF Annual Report 2021 Organizational Information - World Bank endstream endobj 5545 0 obj <>stream /Filter /FlateDecode V pk2 efW``0)@ X) ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 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). 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). Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. /Parent 25 0 R Other meetings such as Board Committee meetings are held at various other times whenever required. 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, . 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 PDF Bank and MIGA New Boards Akihiko Nishio. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. 1x 1.5x 1.8x. Under theIBRD 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. /op false **Download statistics measured since January 1st, 2014. Mr. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. JSDF is an official development assistance program funded for World Bank by the government of Japan. /ItalicAngle 0 33 0 obj New executive directors at the IMF and World Bank 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. 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 /Metadata 29 0 R UN Briefing: the World Bank Group election | UNA_UK /CropBox [ 0 0 612 792 ] 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. PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 - World Bank 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. 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. /Linearized 1 Read more on:Executive Directors. 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. IFC Supports Japanese Firm to Boost Local Production of Generic Drugs in Asia, East Asia and Pacific Launch Event: Report Presentation, , Code of Conduct for Board Officials (pdf). 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. Phenomenal World. Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). What a $13B capital increase means for World Bank lending PDF Report of The Executive Directors on The Convention on The Settlement << 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 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. #>tAY76#l'N2Ui8T[ HHEM6CcYQ h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ %PDF-1.7 % 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. /MediaBox [ 0 0 612 792 ] 0 List of World Bank executive directors and alternates View this resource. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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. Find out what the Bank Group's branches are doing in Sub-Saharan Africa. EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. 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. Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. World Bank & IMF in the news. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 0000108280 00000 n Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. The World Bank Group works in every major area of development. Thankful to the Government of #Japan , and the Japan International Cooperation Agency Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. Conditionality Analysis. hj0_H-[PrkY{; /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> If you continue to navigate this website beyond this page, cookies will be placed on your browser. /FontBBox [ -600 -419 1852 1034 ] /ID [] We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. They exercise powers delegated by the Boards of Governors. Other meetings such as Board Committee meetings are held at various other times whenever required. 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. Under the IBRD Articles of Agreement, the Executive Directors are . /SA false 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. World Bank Group Leadership /Size 48 0000071268 00000 n << 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. Vice President, World Bank Group External and Corporate Relations. c5 \EuM 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. 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. /SM 0.02 /Descent -206 The Executive Directors are responsible for conducting the day-to-day business of the World Bank. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. An Emerging Client Consensus on World Bank Reform Efforts? h, 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). How can we manage the growing risks of floods and droughts on a warming planet? /Resources 33 0 R 36 0 obj DP^!r% The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. /FirstChar 32 Japan became one of the largest shareholders. /ExtGState << /GS1 34 0 R >> 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. To learn more about cookies, click here. 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. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? /OP false 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. 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 . endstream Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F Headquarters 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 The president is the presiding officer, and ordinarily has no vote except to break a tie. Jorge Familiar. 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. endobj Progress towards gender equality over the past 50 years. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. The World Bank board of executive directors (archive) President of the World Bank Group - Wikipedia Presently, IBRD Board consists of 25 Executive Directors. However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. /Contents [ 45 0 R 46 0 R ] >> The Office also comprises a senior executive assistant and program assistants who provide administrative support. 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). 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). << 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 World Bank Group works in every major area of development. List of World Bank executive directors and alternates - Bretton Woods endstream endobj 5548 0 obj <>stream 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).

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