47 0 obj /Linearized 1 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. 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. << These trust funds include: To view former Hightlights, go to "Events and Travel" tab. /ID [] Share. Vice President, Operations Policy and Country Services. 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. 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, Jorge Familiar. << The Executive Director represents Japan in the Executive Boards of the World Bank Group. The AFG1 Constituency 22 countries are Botswana, Burundi, Eritrea, Eswatini, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Rwanda, Seychelles, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Uganda, Zambia, and Zimbabwe. Development Projects Projects By Country By Sector By Theme Country Engagement 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 Edward Mountfield. THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. Jin is the inaugural President and Chair of the Board of Directors. 36 0 obj 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). endstream endobj 5550 0 obj <>stream With regard to reform efforts . *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ The World Bank Group works in every major area of development. 30 18 Gifts are tax deductible to the full extent allowable under the law. {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. 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. hj0_H-[PrkY{; While there are four Boards, Executive Directors serving on these Boards are usually the same. /ProcSet [ /PDF /Text ] /BaseFont /KJJAHM+Tahoma /Length 19949 Like the IMF, the board of governors has delegated most day-to-day decision-making to the four separate boards of executive directors that govern the four financial entities of the World Bank Group. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. 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. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 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. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. endobj The boards of directors consist of the World Bank Group president and 25 executive directors. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The World Bank is like a cooperative, made up of 189member countries. 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. 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. endstream endobj 5551 0 obj <>stream -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#. Long-term economic growth is a key driver of poverty reduction and higher living standards. 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. 0000022918 00000 n 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. 35 0 obj /CapHeight 1000 /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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Pages 25 0 R Global data and statistics, research and publications, and topics in poverty and development. bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? 0000001478 00000 n Akihiko Nishio. endobj There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. 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. >> 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. endobj Learn more about latest news and developments in our constituent country. 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). The Executive Director is supported by his advisory and administrative staff who are committed to working with the 189 member countries to present a consensus on development issues. Headquarters /ExtGState << /GS1 34 0 R >> This site uses cookies to optimize functionality and give you the best possible experience. /FontBBox [ -600 -419 1852 1034 ] /FontWeight 400 EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. endstream xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, Mr. 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. 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. /Root 31 0 R /LastChar 122 endobj Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. 0000001336 00000 n 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. /Metadata 29 0 R It displays the current and two following moths of the Executive Directors' work program in a monthly format. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. Presently, IBRD Board consists of 25 Executive Directors. Thank you for participating in this survey! The position is usually held by the countrys minister of finance. 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. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. Subscribe. 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. Other countries are grouped into constituencies, each represented by an executive director. 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; The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. /H [ 924 245 ] Read more on:Boards of Governors. /Filter /FlateDecode >> 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. 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. /SA false Other meetings such as Board Committee meetings are held at various other times whenever required. 0000000924 00000 n They revealed that some of the toughest discussions dealt with striking a balance between. 37 0 obj If you continue to navigate this website beyond this page, cookies will be placed on your browser. Other meetings such as Board Committee meetings are held at various other times whenever required. >> /E 110443 0000108174 00000 n >> The voting power of each Member country is based on the number of shares it holds. 5544 0 obj <>stream The Governors and Alternates serve for terms of five years and can be reappointed. JSDF is an official development assistance program funded for World Bank by the government of Japan. /op false 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. c5 \EuM 30 0 obj Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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 Polish-Swiss Constituency consists of. 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. 20 April 2023 . 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). >> They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. Get our alerts and publications in your inbox. >> endobj 32 0 obj << 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 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). Find out more about how you can participate. Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. << The Board is responsible for the conduct of the general operations of the Bank, providing overall guidance to Management on strategic directions, exercising oversight over operational, financial, and institutional matters, and approving the use of financial resources by all WBG entities and policies that impact the organizations general operations and use of resources. trailer #>tAY76#l'N2Ui8T[ HHEM6CcYQ Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Generally, the governors are member countries' ministers of finance or ministers of development. _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 stream 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