world bank executive directors

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. endobj 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 Directors are responsible for conducting the day-to-day business of the World Bank. -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#. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. 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. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, /PageLabels 27 0 R /FontFile2 37 0 R The position is usually held by the countrys minister of finance. This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. 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 20 April 2023 . The President of the World Bank Group serves as Chairman of the Board. *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. 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 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 President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. /OP false h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. 0000001994 00000 n 31 0 obj 0000108174 00000 n Conditionality Analysis. Read more on:Executive Directors. 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. endobj 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. 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. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. 0000022918 00000 n Global data and statistics, research and publications, and topics in poverty and development, Communiqu from the Small States Forum 2020, World Bank Group-IMF Annual Meetings in Morocco Postponed until 2022, Women, Business and the Law - 50 Years of Women's Rights, The World Bank Group committed to diversity and inclusion and equity, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), The 2022 World Bank Group Spring Meetings: Strengthening the Case for Globalism, Addressing Challenges to Growth, Security and Stability, Toward an Inclusive World: Collecting Better Data on Disability, Floods and Droughts in the Era of Climate Change, The Adaptation Principles: 6 Ways to Build Resilience to Climate Change. 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. To learn more about cookies, click here. /Length 155 These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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 World Bank is like a cooperative, made up of 189member countries. 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 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. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. 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 . Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. 0000002283 00000 n Number of Executive Directors. This site uses cookies to optimize functionality and give you the best possible experience. 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. /MediaBox [ 0 0 612 792 ] We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. 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 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 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. The voting power of each Member country is based on the number of shares it holds. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? 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. stream 30 18 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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 Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. /XHeight 1000 /Type /Catalog 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. endstream endobj 5550 0 obj <>stream /Metadata 29 0 R The Office also comprises a senior executive assistant and program assistants who provide administrative support. How can we manage the growing risks of floods and droughts on a warming planet? /N 6 Development Projects Projects By Country By Sector By Theme Country Engagement 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. 5544 0 obj <>stream 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. /Linearized 1 hYmo7+HzkPa@ij8H#CGD>QGy%C I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. Vice President, Development Finance. _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 << Regular elections of Executive Directors are held every two years at the time of the Annual Meetings. This number is expected to increase. /FontDescriptor 36 0 R In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 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. 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. << They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 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 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. They revealed that some of the toughest discussions dealt with striking a balance between. .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR Will you take two minutes to complete a brief survey that will help us to improve our website? The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues. Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. /S 146 We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /ProcSet [ /PDF /Text ] While there are four Boards, Executive Directors serving on these Boards are usually the same. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. /Length1 56880 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. They exercise powers delegated by the Boards of Governors. endstream endobj 5549 0 obj <>stream >> 0000110199 00000 n 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). /E 110443 The organizations that make up the World Bank Group are owned by the governments of member nations. Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. 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. /BaseFont /KJJAHM+Tahoma Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. The Executive Director represents Japan in the Executive Boards of the World Bank Group. Thank you for participating in this survey! 0000000017 00000 n 0000000829 00000 n 33 0 obj /Rotate 0 Vice President, World Bank Group External and Corporate Relations. 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. Read more on:Boards of Governors. 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. /Size 48 The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. World Bank appointments /Type /Font On July 28, 2020, he was elected to serve a second term of five years, beginning on Jan. 16, 2021. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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). The World Bank Group works in every major area of development. 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. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. 19 April 2023 . The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. It also provides technical assistance and policy advice and superviseson behalf of . 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. 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 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. Progress towards gender equality over the past 50 years. 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. Edward Mountfield. bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? /Resources 33 0 R Other meetings such as Board Committee meetings are held at various other times whenever required. 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 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. >> 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). His five-year term began on April 9. This site uses cookies to optimize functionality and give you the best possible experience. 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). 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. Presently, IBRD Board consists of 25 Executive Directors. Akihiko Nishio. /ID [] 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. 0000000924 00000 n endobj If you continue to navigate this website beyond this page, cookies will be placed on your browser. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. endstream endobj 5551 0 obj <>stream 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 Bank Information Center is a 501(c)(3) organization. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. The World Bank operates day-to-day under the leadership and direction of the president, management and senior staff, and the vice presidents in charge of Global Practices, Cross-Cutting Solutions Areas, regions, and functions. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. Environment Analysis. 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). Vice President and World Bank Group Chief Risk Officer. 0000071840 00000 n /op false 36 0 obj 0000108280 00000 n 32 0 obj 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. 0 0 0 589 0 0 0 0 667 0 373 0 0 0 0 0 0 0 0 0 0 584 0 0 902 0 0 0 0 0 0 0 0 h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ Lakshmi Shyam-Sunder. Mr. These trust funds include: To view former Hightlights, go to "Events and Travel" tab. MIGA has its own separate Board of Directors, consisting of 25 members. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. 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. Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. 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. << Generally, the governors are member countries' ministers of finance or ministers of development. In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. 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. /Contents [ 45 0 R 46 0 R ] He is of the strong conviction that it is in all people's interest to . 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 World Bank Group works in every major area of development. Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. >> endstream endobj 5548 0 obj <>stream Subscribe. With regard to reform efforts . endstream endobj 5547 0 obj <>stream Before you leave, wed love to get your feedback on your experience while you were here. 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. %PDF-1.4 /Filter /FlateDecode Click here for more information. The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. 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. /FontWeight 400 It displays the current and two following moths of the Executive Directors' work program in a monthly format. c5 \EuM /Pages 25 0 R /FontBBox [ -600 -419 1852 1034 ] Under the IBRD Articles of Agreement, the Executive Directors are . /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> Jin is the inaugural President and Chair of the Board of Directors. /Type /FontDescriptor 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 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. when do big east tournament tickets go on sale,

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