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. V pk2 efW``0)@ X) endobj INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . stream We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors, who represent member 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). 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. 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). 0000072154 00000 n /Pages 25 0 R Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. 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. /S 146 xref h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F /StemV 92 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. This site uses cookies to optimize functionality and give you the best possible experience. Share. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. 0000000924 00000 n endobj 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 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. 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 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. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. >> Vice President and World Bank Group Chief Risk Officer. /Prev 159986 /ID [] The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). >> The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. hYmo7+HzkPa@ij8H#CGD>QGy%C MIGA has its own separate Board of Directors, consisting of 25 members. /FirstChar 32 /FontFile2 37 0 R 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. The Governors and Alternates serve for terms of five years and can be reappointed. >> %%EOF 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). Phenomenal World. Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. Under the IBRD Articles of Agreement, the Executive Directors are . The Office also comprises a senior executive assistant and program assistants who provide administrative support. /OPM 1 These are some stories of inspiration from World Bank projects in India. Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. Vice President, World Bank Group External and Corporate Relations. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Will you take two minutes to complete a brief survey that will help us to improve our website? The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. 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. << 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. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. 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'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. Shares are allocated differently in each organization, resulting in differentvoting powers. 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. Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. The World Bank Group works in every major area of development. %PDF-1.4 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /SM 0.02 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. 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. Number of Executive Directors. << Jorge Familiar. 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 Each Board is responsible for the general operations of their respective organization. World Bank appointments h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j << With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. 30 0 obj We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. In the event that an Executive Director elected during the regular election terminates service before the next regular election, the constituency affected by the vacancy holds an interim election for a successor. Subscribe. /N 6 *Yiuorq!+gy49FKr:+.,F*+M/W[}}__W6g]};' -6;*,P%NjH,D2h JSUy`i'=_c)&?R-jq,;< 4$zlb McjX8cJ>=el#[=r@|m: elY5[Vm5|Py*?>ylzd?1)?2EORV2X\k{vu#=C*VZQ]Z+SgmtSbX. stream 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. 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. Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. 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. /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 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 -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 Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country.
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