/Size 48 They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, /StemV 92 0 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. 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. endstream endobj 5551 0 obj <>stream How can we manage the growing risks of floods and droughts on a warming planet? >> Most of them live in low- and middle-income 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. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z 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. endobj hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? 31 0 obj c5 \EuM 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. 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. 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. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. /OPM 1 Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. endstream endobj 5549 0 obj <>stream Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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 0000022332 00000 n He is of the strong conviction that it is in all people's interest to . /H [ 924 245 ] MIGA has its own separate Board of Directors, consisting of 25 members. /Ascent 1000 Before you leave, wed love to get your feedback on your experience while you were here. /FontFamily (Tahoma) /T 159997 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. The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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 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, . Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. MIGA has its own separate Board of Directors, consisting of 25 members. The World Bank Group works in every major area of development. Mr. Akihiko Nishio. 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. /S 146 36 0 obj /Type /Page The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. *h&hj\5X;4z]A7k(7YO14cgsJ7ir\r:[,o'yhWAW e 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). Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. 0ELD-H6*MEPj#vjxH. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. /L 160724 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. >> 1x 1.5x 1.8x. 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). .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR Search for experts by topic, role, language spoken, and more. Development Projects Projects By Country By Sector By Theme Country Engagement /Descent -206 >> The World Bank Group works in every major area of development. 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. Vice President, Development Finance. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. 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). /Filter /FlateDecode We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. The World Bank Group works in every major area of development. *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ Thank you for participating in this survey! They exercise powers delegated by the Boards of Governors. 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. endobj Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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 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. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 0000110199 00000 n We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The voting power of each Member country is based on the number of shares it holds. This site uses cookies to optimize functionality and give you the best possible experience. 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. Jorge Familiar. Vice President and World Bank Group Chief Risk Officer. His five-year term began on April 9. /Length1 56880 Share. V pk2 efW``0)@ X) 20 April 2023 . Lakshmi Shyam-Sunder. /OP false The World Bank Group works in every major area of development. /FontWeight 400 /CapHeight 1000 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 The Office also comprises a senior executive assistant and program assistants who provide administrative support. 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. 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 . % 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. 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. U 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. 0000022918 00000 n Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. endobj 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). 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. While there are four Boards, Executive Directors serving on these Boards are usually the same. 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. 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. 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. 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. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. 0000001336 00000 n Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. The World Bank Group works in every major area of development. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. The President of the World Bank Group serves as Chairman of the Board. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. #>tAY76#l'N2Ui8T[ HHEM6CcYQ 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. Progress towards gender equality over the past 50 years. The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 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. 0000071840 00000 n yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U _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 The Executive Directors are responsible for conducting the day-to-day business of the World Bank. The World Bank Group works in every major area of development. /Root 31 0 R 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. 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 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 30 0 obj /ProcSet [ /PDF /Text ] Bank Information Center is a 501(c)(3) organization. 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. 0000072154 00000 n endobj It displays the current and two following moths of the Executive Directors' work program in a monthly format. Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. 47 0 obj Get our alerts and publications in your inbox. /FirstChar 32 - World Bank This site uses cookies to optimize functionality and give you the best possible experience. *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. Generally, the governors are member countries' ministers of finance or ministers of development. /CropBox [ 0 0 612 792 ] Click here for more information. 30 18 0000000829 00000 n The Polish-Swiss Constituency consists of. h,A 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. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. If you continue to navigate this website beyond this page, cookies will be placed on your browser. World Bank appointments /Linearized 1 Environment Analysis. {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. 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. Vice President, World Bank Group External and Corporate Relations. The Governors and Alternates serve for terms of five years and can be reappointed. This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. /E 110443 /Metadata 29 0 R 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. To learn more about cookies, click here. /Flags 32 Read more on:Boards of Governors. 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. h, The current boards of the World Bank Group consist of 25 executive directors. 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 C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. Subscribe. 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. 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 Board of the World Bank consists of 25 executive directors. /FontBBox [ -600 -419 1852 1034 ] Conditionality Analysis. /Encoding /WinAnsiEncoding We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. World Bank & IMF in the news. JSDF is an official development assistance program funded for World Bank by the government of Japan. 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. Gifts are tax deductible to the full extent allowable under the law. The Office has a dual responsibility. 37 0 obj 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.