#>tAY76#l'N2Ui8T[ HHEM6CcYQ /FontFile2 37 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. The Japanese additional contribution to the Global Concessional Financing Columbia University JJWBGSP Scholars Visit Executive Office of Japan, Raising the bar on debt data transparency. /N 6 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. /Contents [ 45 0 R 46 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. **Download statistics measured since January 1st, 2014. Each Board is responsible for the general operations of their respective organization. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. 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). /FirstChar 32 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). /FontName /KJJAHM+Tahoma /LastChar 122 33 0 obj What a $13B capital increase means for World Bank lending It displays the current and two following moths of the Executive Directors' work program in a monthly format. /Type /ExtGState The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 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. /Info 26 0 R Like the IMF, the board of governors has delegated most day-to-day decision-making to the four separate boards of executive directors that govern the four financial entities of the World Bank Group. The past 70 years have seen major changes in the world economy. Number of Executive Directors. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. They exercise powers delegated by the Boards of Governors. The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. endobj To learn more about cookies, click here. 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. >> This site uses cookies to optimize functionality and give you the best possible experience. 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. 0000023226 00000 n 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). 5544 0 obj <>stream 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. 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. Other meetings such as Board Committee meetings are held at various other times whenever required. 0000071840 00000 n /OP false /Length 155 endstream endobj 5549 0 obj <>stream /Pages 25 0 R 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). /Size 48 The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. David R. Malpass ( @DavidMalpassWBG ), was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. 0 Board Facts - World Bank 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 Group works in every major area of development. Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F 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 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. .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR *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. The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). 0000000017 00000 n /FontBBox [ -600 -419 1852 1034 ] 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. World Bank Group Leadership In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 - World Bank The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. % New Program Promotes Green Agriculture and Rural Development in China %%EOF The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. 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. << 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 558 0 742 0 498 444 ] Other meetings such as Board Committee meetings are held at various other times whenever required. endobj The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. Search for experts by topic, role, language spoken, and more. 0000072154 00000 n 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. /Type /Catalog 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. /Parent 25 0 R 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 /StemV 92 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. Other countries are grouped into constituencies, each represented by an executive director. Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. /L 160724 Poland appoints former public TV boss to World Bank post 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. 31 0 obj 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 Bank executive directors DETAILS Document Name Bank executive directors Document Date 4/1/2021 02:08:00 PM Web Publish Date 4/1/2021 02:08:00 PM Authors Corporate Secretariat Document Type Board Documents Language English Country World MAIN DOCUMENT BankExecutiveDirectors.pdf Download statistics Total Downloads** : Download Stats Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. World Bank | Definition, History, Organization, & Facts However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - World Bank Senior Management - AIIB 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). >> They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. 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. The World Bank Group works in every major area of development. Who is Ajay Banga? - The Indian Express 0000022918 00000 n 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. 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 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 Office has a dual responsibility. 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. /FontWeight 400 /CropBox [ 0 0 612 792 ] >> /Type /Page Vice President, Operations Policy and Country Services. 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. PDF Bank and MIGA New Boards 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. 35 0 obj 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. World Bank Group President: David R. Malpass 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. /PageLabels 27 0 R THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. World Bank Group - Wikipedia 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j&
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world bank executive directors