world bank executive directors

<< /Root 31 0 R %PDF-1.4 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. 0000000829 00000 n 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. Other countries are grouped into constituencies, each represented by an executive director. 20 April 2023 . 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. 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. 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 The Office also comprises a senior executive assistant and program assistants who provide administrative support. 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. They revealed that some of the toughest discussions dealt with striking a balance between. He is of the strong conviction that it is in all people's interest to . /Descent -206 The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. /Resources 33 0 R >> It also provides technical assistance and policy advice and superviseson behalf of . 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. << To learn more about cookies, click here. 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. 0000001478 00000 n 0000001573 00000 n Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. 0000022918 00000 n endobj David R. Malpass ( @DavidMalpassWBG ), was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. Jin is the inaugural President and Chair of the Board of 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 organizations that make up the World Bank Group are owned by the governments of member nations. /LastChar 122 Find out what the Bank Group's branches are doing in Sub-Saharan Africa. If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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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. 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. His five-year term began on April 9. /Info 26 0 R The President of the World Bank Group serves as Chairman of the 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. To learn more about cookies, click here. stream 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. /Length1 56880 The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. Read more on:Executive Directors. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. The World Bank Group works in every major area of development. 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 appointments 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. Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. << Gifts are tax deductible to the full extent allowable under the law. Bank Information Center is a 501(c)(3) organization. The boards of directors consist of the World Bank Group president and 25 executive 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. The World Bank Group works in every major area of development. /FontName /KJJAHM+Tahoma 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. endstream /Ascent 1000 .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 0000023226 00000 n 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 They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. 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). >> /Size 48 >> 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. /MediaBox [ 0 0 612 792 ] Most of them live in low- and middle-income countries. /BaseFont /KJJAHM+Tahoma /Pages 25 0 R 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. Generally, the governors are member countries' ministers of finance or ministers of development. P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. The Annual Meetings bring together central bankers, ministers of finance and development, private sector executives, civil society, media and academics to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, inclusive economic growth and job creation, climate change, and others. h,A << c5 \EuM 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. Each Board is responsible for the general operations of their respective organization. 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. Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. Global data and statistics, research and publications, and topics in poverty and development. 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. 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. The Executive Directors are responsible for conducting the day-to-day business of the 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. endstream endobj 5550 0 obj <>stream 35 0 obj /XHeight 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), Data - Sub-Saharan Africa (developing only). The current boards of the World Bank Group consist of 25 executive directors. 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 Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. /Type /ExtGState endobj Akihiko Nishio. >> /Linearized 1 They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. /FirstChar 32 30 18 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, There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. /N 6 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. 0000071840 00000 n V pk2 efW``0)@ X) *h&hj\5X;4z]A7k(7YO14cgsJ7ir\r:[,o'yhWAW e We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. If you continue to navigate this website beyond this page, cookies will be placed on your browser. hYmo7+HzkPa@ij8H#CGD>QGy%C 0000000017 00000 n Long-term economic growth is a key driver of poverty reduction and higher living standards. The World Bank Group works in every major area of development. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, /Encoding /WinAnsiEncoding 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 Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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. 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. /Metadata 29 0 R We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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). With regard to reform efforts . The past 70 years have seen major changes in the world economy. endobj 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. /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> The bank is headquartered in Washington, D.C. in the United States.It provided around $98.83 billion in loans and assistance to "developing" and . THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. 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. 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. Sheila Redzepi. Japan became one of the largest shareholders. << The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. Progress towards gender equality over the past 50 years. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. << 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 . Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. 0000108174 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. -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 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). /ItalicAngle 0 Phenomenal World. 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. 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. /Filter /FlateDecode Vice President and World Bank Group Chief Risk Officer. h, In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 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. 5544 0 obj <>stream 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. 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 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. Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. 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. 1x 1.5x 1.8x. {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. 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. /Length 155 The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. << This site uses cookies to optimize functionality and give you the best possible experience. xref Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. The World Bank is like a cooperative, made up of 189member countries. These trust funds include: To view former Hightlights, go to "Events and Travel" tab. 0ELD-H6*MEPj#vjxH. /T 159997 Development Projects Projects By Country By Sector By Theme Country Engagement % Before you leave, wed love to get your feedback on your experience while you were here. endobj Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. Get our alerts and publications in your inbox. Thank you for participating in this survey! 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. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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 Lakshmi Shyam-Sunder. 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. endstream endobj 5545 0 obj <>stream /CropBox [ 0 0 612 792 ] Vice President, Development Finance. 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. >> Vice President, Operations Policy and Country Services. Subscribe. >> 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. 558 0 742 0 498 444 ] /H [ 924 245 ] /StemV 92 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. << The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. 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. This site uses cookies to optimize functionality and give you the best possible experience. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. 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. They exercise powers delegated by the Boards of Governors. The World Bank Group works in every major area of development. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z

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