world bank executive directors

/Rotate 0 >> The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. World Bank appointments 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). /LastChar 122 Akihiko Nishio. 31 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. endstream endobj 5548 0 obj <>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. 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. 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. /Size 48 Click on a country on the map to find out more information about its current World Bank Executive Director and their office. Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. trailer 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. 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. 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. /H [ 924 245 ] 47 0 obj The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. /BaseFont /KJJAHM+Tahoma The World Bank is like a cooperative, made up of 189member countries. Similarly to the IMF, member countries are allocated votes at the . We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Lakshmi Shyam-Sunder. /N 6 /FontFamily (Tahoma) Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. To learn more about cookies, click here. The Polish-Swiss Constituency consists of. 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. 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. Like many large organizations, we know we can and must do better as an institution to increase our diversity and inclusion to tackle discrimination, racism, injustices, exclusion, and inequality, within the World Bank Group and in the countries we serve. 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. The Governors and Alternates serve for terms of five years and can be reappointed. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. DP^!r% h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F Click here for more information. It also provides technical assistance and policy advice and superviseson behalf of . 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 189member countries. WASHINGTON, April 27, 2023 The World Bank's Board of Executive Directors today discussed a new Country Partnership Framework for Bangladesh (2023-2027) and approved $1.25 billion financing in three new projects. The Board usually meets twice a week on Tuesdays and Thursdays. The current boards of the World Bank Group consist of 25 executive directors. The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Share. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. Mr. endobj /FontStretch /Normal The Annual Meetings bring together central bankers, ministers of finance and development, private sector executives, civil society, media and academics to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, inclusive economic growth and job creation, climate change, and others. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z 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. 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. /L 160724 To learn more about cookies, click here. endstream endobj 5546 0 obj <>stream /SM 0.02 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, 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 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. 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. 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. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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 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). 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. >> 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 . The World Bank Group works in every major area of development. The World Bank Group works in every major area of development. 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. 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. 0000023226 00000 n 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. 0000000829 00000 n endobj Subscribe. Will you take two minutes to complete a brief survey that will help us to improve our website? Most of them live in low- and middle-income countries. 0000000924 00000 n 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. /Descent -206 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). MIGA has its own separate Board of Directors, consisting of 25 members. 0000002283 00000 n 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. 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 World Bank Group works in every major area of development. << hj0_H-[PrkY{; 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. 0000001478 00000 n Each Board is responsible for the general operations of their respective organization. Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. >> JSDF is an official development assistance program funded for World Bank by the government of Japan. Under the IDA Articles of Agreement and the IFC 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. Generally, the governors are member countries' ministers of finance or ministers of development. 34 0 obj *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board.
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