This number is expected to increase. >> Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. /ID [] /SM 0.02 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). To learn more about cookies, click here. /Rotate 0 36 0 obj The President of the World Bank Group serves as Chairman of the Board. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. 31 0 obj Presently, IBRD Board consists of 25 Executive Directors. %PDF-1.7 % 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. /S 146 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 Executive Directors are responsible for conducting the day-to-day business of the World Bank. /FontFile2 37 0 R 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. 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. The World Bank Group works in every major area of development. /PageLabels 27 0 R We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. hj0_H-[PrkY{; The current boards of the World Bank Group consist of 25 executive directors. . endstream Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. 0000000017 00000 n Global data and statistics, research and publications, and topics in poverty and development. 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. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z Will you take two minutes to complete a brief survey that will help us to improve our website? C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Vice President, World Bank Group External and Corporate Relations. 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). >> Member countries of the World Bank Group appoint or elect Executive Directors to the Boards 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). World Bank & IMF in the news. 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. /FontFamily (Tahoma) 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. 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. Before you leave, wed love to get your feedback on your experience while you were here. Environment Analysis. 0000001478 00000 n The president is the presiding officer, and ordinarily has no vote except to break a tie. 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). /Pages 25 0 R Phenomenal World. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 32 0 obj 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. 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. 0000023226 00000 n 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. /XHeight 1000 endstream endobj 5545 0 obj <>stream 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). 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. -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#. Vice President and World Bank Group Chief Risk Officer. /L 160724 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. /Resources 33 0 R 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. /Root 31 0 R It also provides technical assistance and policy advice and superviseson behalf of . Read more on:Boards of Governors. This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. How can we manage the growing risks of floods and droughts on a warming planet? He is of the strong conviction that it is in all people's interest to . endstream endobj 5549 0 obj <>stream Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. Thankful to the Government of #Japan , and the Japan International Cooperation Agency *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ 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. 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. /OPM 1 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. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. 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. 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. The World Bank Group works in every major area of development. To learn more about cookies, click here. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors, who represent member countries. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. Find out what the Bank Group's branches are doing in Sub-Saharan Africa. 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 Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. /Subtype /TrueType Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. 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. 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. /StemV 92 The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. 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. The Board usually meets twice a week on Tuesdays and Thursdays. 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. Mr. endstream endobj 5547 0 obj <>stream /FontBBox [ -600 -419 1852 1034 ] endstream endobj 5550 0 obj <>stream Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. 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. They revealed that some of the toughest discussions dealt with striking a balance between. >> The Governors and Alternates serve for terms of five years and can be reappointed. 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. /FontName /KJJAHM+Tahoma h,A MIGA has its own separate Board of Directors, consisting of 25 members. 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.
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