world bank executive directors

/Descent -206 The World Bank Group works in every major area of development. 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. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. #>tAY76#l'N2Ui8T[ HHEM6CcYQ 0000000829 00000 n Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. Vice President and World Bank Group Chief Risk Officer. Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. 0000072154 00000 n /Type /FontDescriptor /Pages 25 0 R The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. This site uses cookies to optimize functionality and give you the best possible experience. /T 159997 /FontFamily (Tahoma) Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. Bank Information Center is a 501(c)(3) organization. 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. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. 5544 0 obj <>stream /ProcSet [ /PDF /Text ] There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. The president is the presiding officer, and ordinarily has no vote except to break a tie. 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 Search for experts by topic, role, language spoken, and more. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. Edward Mountfield. V pk2 efW``0)@ X) 0000000017 00000 n Presently, IBRD Board consists of 25 Executive Directors. A quorum for any meeting of the Board shall be a majority of the Executive Directors, exercising not less than one-half the total voting power of the Board. /Length1 56880 startxref Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). endobj Japan became one of the largest shareholders. Read more on:Boards of Governors. endstream /Root 31 0 R P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. World Bank Group President: David R. Malpass 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The World Bank Group works in every major area of development. This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. 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. On July 28, 2020, he was elected to serve a second term of five years, beginning on Jan. 16, 2021. The position is usually held by the countrys minister of finance. *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 Directors are responsible for conducting the day-to-day business of the World Bank. Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. 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. /Widths [ 313 0 0 0 0 0 0 0 0 0 0 0 0 0 303 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 << << endstream endobj 5549 0 obj <>stream I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. 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. U 36 0 obj 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. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z To learn more about cookies, click here. They exercise powers delegated by the Boards of Governors. << Dominique Favre - Executive Director - The World Bank | LinkedIn Zimbabwe Will Hold 'Deeper' Talks With Rich Nations Over Debt MIGA has its own separate Board of Directors, consisting of 25 members. World Bank Executive Directors Directory - Bank Information Center An Emerging Client Consensus on World Bank Reform Efforts? Click here for more information. 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. Bank executive directors 34 0 obj Sheila Redzepi. 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. 0000108280 00000 n 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. 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. 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. 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. 31 0 obj Environment Analysis. The Board usually meets twice a week on Tuesdays and Thursdays. Development Projects Projects By Country By Sector By Theme Country Engagement The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. /FontFile2 37 0 R Share. trailer 0000001478 00000 n 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 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). 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. Lakshmi Shyam-Sunder. 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. hYmo7+HzkPa@ij8H#CGD>QGy%C 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. THE OFFICE OF THE EXECUTIVE DIRECTOR (EDS02) - World Bank hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 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. More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. The Executive Director represents Japan in the Executive Boards of the World Bank Group. Documents & Reports - All Documents | The World Bank Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. 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 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 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, . Find out more about how you can participate. 0ELD-H6*MEPj#vjxH. Long-term economic growth is a key driver of poverty reduction and higher living standards. 0000001573 00000 n 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. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. << Number of Executive Directors. His five-year term began on April 9. endstream endobj 5547 0 obj <>stream /PageLabels 27 0 R World Bank | Definition, History, Organization, & Facts /Length 19949 While there are four Boards, Executive Directors serving on these Boards are usually the same. >> Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. xref The World Bank Group works in every major area of development. 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 endstream endobj 5546 0 obj <>stream 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 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. << Similarly to the IMF, member countries are allocated votes at the . Gifts are tax deductible to the full extent allowable under the law. 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. endstream endobj 5545 0 obj <>stream /Metadata 29 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. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . endobj Vice President, Development Finance. endobj 30 18 /CapHeight 1000 PDF Report of The Executive Directors on The Convention on The Settlement The past 70 years have seen major changes in the world economy. It displays the current and two following moths of the Executive Directors' work program in a monthly format. 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. .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR >> /Type /ExtGState It also provides technical assistance and policy advice and superviseson behalf of . If you continue to navigate this website beyond this page, cookies will be placed on your browser. If you continue to navigate this website beyond this page, cookies will be placed on your browser. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF /E 110443 List of World Bank executive directors and alternates - Bretton Woods PDF World Bank Annual Report 2019 - Organizational Information 0000002283 00000 n Board of Directors | Asian Development Bank 0000023226 00000 n Boards of Directors - World Bank 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, bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? /Resources 33 0 R /N 6 President of the World Bank Group - Wikipedia Bank executive with Chase Manhattan Bank; former Executive Director of the World Bank 4 George Woods: January 1, 1963 - March 31, 1968 United States Investment banker and bank executive with First Boston Corporation 5 Robert McNamara: April 1, 1968 - June 30, 1981 United States Business executive with Ford Motor Company; You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. W|# 0C; The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. /FontDescriptor 36 0 R 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. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U stream PDF Bank and MIGA New Boards 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 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. /Prev 159986 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 OFFICE OF THE EXECUTIVE DIRECTOR (EDS07) - World Bank Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. They exercise powers delegated by the Boards of Governors. 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. 0000001169 00000 n 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. /S 146 /Type /Catalog 0000071268 00000 n Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The Board usually meets twice a week on Tuesdays and Thursdays. This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. Who is Ajay Banga? - The Indian Express Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. 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. endstream endobj 5548 0 obj <>stream /SA false 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. endobj The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. /Filter /FlateDecode World Bank Group's New Country Partnership Framework for Bangladesh To learn more about cookies, click here.
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