The World Bank Group works in every major area of development. 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. This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. << /ProcSet [ /PDF /Text ] Click on a country on the map to find out more information about its current World Bank Executive Director and their office. EDS14 About - World Bank 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 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. 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. These are some stories of inspiration from World Bank projects in India. The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. The World Bank Group works in every major area of development. The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. hYmo7+HzkPa@ij8H#CGD>QGy%C World Bank & IMF in the news. >> Read more on:Executive Directors. Our People, Leadership and Work Culture | Standard Chartered Private Banking Online Banking Local site Contact Us Bahamas Bahrain Bangladesh Botswana Brunei Darussalam Chinese Mainland Cte d'Ivoire Ghana Hong Kong India Indonesia Jersey Jordan Kenya Malaysia Nepal Nigeria Pakistan Singapore Sri Lanka Taiwan Tanzania Uganda UAE Vietnam Zambia 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /BaseFont /KJJAHM+Tahoma 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). They exercise powers delegated by the Boards of Governors. 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. Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 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. The Annual Meetings are usually held for two consecutive years at the WBG and IMF headquarters in Washington, D.C. and every third year in another member country. 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, . Lakshmi Shyam-Sunder. List of World Bank executive directors and alternates View this resource. Conditionality Analysis. World Bank appointments Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. 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. UN Briefing: the World Bank Group election | UNA_UK endstream endobj 5545 0 obj <>stream .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. /Descent -206 World Bank - Wikipedia endobj << MIGA has its own separate Board of Directors, consisting of 25 members. 0000001478 00000 n 0000023226 00000 n Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. It displays the current and two following moths of the Executive Directors' work program in a monthly format. 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. The World Bank is like a cooperative, made up of 189member countries. 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. 0ELD-H6*MEPj#vjxH. /Length 19949 endobj /Length1 56880 Subscribe. 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. Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Progress towards gender equality over the past 50 years. 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. /ItalicAngle 0 While there are four Boards, Executive Directors serving on these Boards are usually the same. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& Documents & Reports - All Documents | The World Bank 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). Poland appoints former public TV boss to World Bank post We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. << The Executive Directors are responsible for conducting the day-to-day business of the World Bank. The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. Find out more about how you can participate. Board Facts - World Bank 0000000924 00000 n The World Bank Group works in every major area of development. The voting power of each Member country is based on the number of shares it holds. 1x 1.5x 1.8x. Our People, Leadership and Work Culture | Standard Chartered 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). They revealed that some of the toughest discussions dealt with striking a balance between. Long-term economic growth is a key driver of poverty reduction and higher living standards. /FontDescriptor 36 0 R Share. /O 32 Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. /Root 31 0 R 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. /Type /Page 30 0 obj 0000072154 00000 n >> I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. /FontStretch /Normal 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. endobj % /op false Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". Before you leave, wed love to get your feedback on your experience while you were here. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. Senior Management - AIIB 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. << Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. The gigantic austerity drive underway . 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 World Bank board of executive directors (archive) 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. 0000071840 00000 n /StemV 92 Get our alerts and publications in your inbox. Number of 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, 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. Boards of Directors - World Bank /Linearized 1 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 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 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. 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. 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). To learn more about cookies, click here. W|# 0C; The Governors and Alternates serve for terms of five years and can be reappointed. World Bank Group President: David R. Malpass The World Bank Group works in every major area of development. 0000108174 00000 n Bank Information Center is a 501(c)(3) organization. %%EOF The World Bank Group works in every major area of development. 32 0 obj Jin is the inaugural President and Chair of the Board of Directors. 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. *Yiuorq!+gy49FKr:+.,F*+M/W[}}__W6g]};' -6;*,P%NjH,D2h JSUy`i'=_c)&?R-jq,;< 4$zlb McjX8cJ>=el#[=r@|m: elY5[Vm5|Py*?>ylzd?1)?2EORV2X\k{vu#=C*VZQ]Z+SgmtSbX. 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). hj0_H-[PrkY{; 0000001169 00000 n On July 28, 2020, he was elected to serve a second term of five years, beginning on Jan. 16, 2021. He is of the strong conviction that it is in all people's interest to . Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. /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 0000001994 00000 n 34 0 obj 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 V pk2 efW``0)@ X) hTKo0+#wJ&N; V#JQ[):X&A0 @ 2s6 mn?|)jM Who is Ajay Banga? - The Indian Express 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. 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. What a $13B capital increase means for World Bank lending The World Bank Group is a consortium of five different international organisations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Over that time, the World Bank Groupthe worlds largest development institutionhas worked to help more than 100 developing countries and countries in transition adjust to these changes by offering loans and tailored knowledge and advice. 0000000829 00000 n /ExtGState << /GS1 34 0 R >> /XHeight 1000 /Metadata 29 0 R /N 6 0000110199 00000 n The organizations that make up the World Bank Group are owned by the governments of member nations. Pursuant to the Code of Conduct, the Board has established an Ethics Committee to address ethics matters concerning Board Officials in order to ensure sound governance pursuant to the Code of Conduct. Dominique Favre - Executive Director - The World Bank | LinkedIn Global data and statistics, research and publications, and topics in poverty and development, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects. /Rotate 0 stream /FontWeight 400 The Board usually meets twice a week on Tuesdays and Thursdays. Environment Analysis. /Type /FontDescriptor During the Spring Meetings and Annual Meetings, the Bank Information Center, in partnership with CIVICUS: World Alliance for Citizen Participation and its members, award an Executive Directors Office with the Open for Business Award. The Executive Director represents Japan in the Executive Boards of the World Bank Group. endstream endobj 5551 0 obj <>stream Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. 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. /Resources 33 0 R The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. *h&hj\5X;4z]A7k(7YO14cgsJ7ir\r:[,o'yhWAW e 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; Will you take two minutes to complete a brief survey that will help us to improve our website? Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. 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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