h, /Type /ExtGState /FontDescriptor 36 0 R While there are four Boards, Executive Directors serving on these Boards are usually the same. P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. JSDF is an official development assistance program funded for World Bank by the government of Japan. 0000071840 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. endstream endobj 5548 0 obj <>stream - World Bank 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. 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. 0000108174 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. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. 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. Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". He is of the strong conviction that it is in all people's interest to . /CropBox [ 0 0 612 792 ] 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. endobj 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 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 $1.25 billion financing in three new projects. UN Briefing: the World Bank Group election | UNA_UK In his speech at the Warsaw School of Economics, titled Addressing Challenges to Growth, Security, and Stability, World Bank Group President David Malpass discussed how conflict, COVID-19, and climate change have created unprecedented challenges for developing countries, hurting the poorest and most vulnerable people and communities. Will you take two minutes to complete a brief survey that will help us to improve our website? /MediaBox [ 0 0 612 792 ] They discussed Japan- WB partnership digital issues, including digital development, cybersecurity and Total public debt stands at an alarming 50-year high in low- and middle-income economies, the equivalent of more than 200 percent of government revenues. /Type /Catalog h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j Under the IBRD Articles of Agreement, the Executive Directors are . List of World Bank executive directors and alternates View this resource. Jin is the inaugural President and Chair of the Board of Directors. 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. /Encoding /WinAnsiEncoding Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. Akihiko Nishio. The World Bank Group works in every major area of development. MIGA has its own separate Board of Directors, consisting of 25 members. 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. /FontFamily (Tahoma) EDS06: Afghanistan, Algeria, Ghana, Iran, Morocco, Pakistan, Tunisia, EDS07: Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Jamaica, Dominica, Grenada, Guyana, Ireland St Kitts and Nevis, St Lucia, St Vincent and the Grenadine, EDS08: Argentina, Bolivia, Chile, Paraguay, Peru, Uruguay, EDS09: Australia, Cambodia, Kiribati, Republic of Korea, Marshall Islands, Micronesia, New Zealand, Palau, Papua New Guinea, Samoa, Soloman Islands, Vanuatu, EDS10: Austria, Belarus, Belgium, Czech Republic, Hungary, Kazakhstan, Kosovo, Luxembourg, Slovak Republic, Slovenia, Turkey, EDS11: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Qatar, Syria, UAE, Yemen, EDS12: Bangladesh, Bhutan, India, Sri Lanka, EDS13: Benin, Burkina Faso, Cameroon, Cape Verde, CAR, Chad, Comoros, DRC, Republic of Congo, Cote d'Ivoire, Djibouti, Equitorial Guinea, Gabon, Guinea, Guinea-Bissau, Madagascar, Mali, Mauritius, Niger, Rwanda, Sao Tome and Principe, Senegal Togo, EDS14: Botswana, Burundi, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Seychelles, Sierra Leone, Somalia, Sudan, South Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe, EDS15: Brazil, Colombia, DR, Ecuador, Haiti, Panama, Philippines, Suriname, Trinidad and Tobago, EDS16: Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam, EDS18: Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela, EDS19: Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, FYRO Macedonia, Moldova, Montenegro, Netherlands, Romania, Ukraine, EDS20: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden, EDS21: Albania, Greece, Italy, Malta, Portugal, San Marino, Timor Leste, EDS24: Azerbaijan, Kyrgyz Republic, Poland, Serbia, Switzerland, Turkmenistan, Tajikistan, Uzbekistan. Senior Management - AIIB 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 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. They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. Dominique Favre - Executive Director - The World Bank | LinkedIn 33 0 obj 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. Progress towards gender equality over the past 50 years. With regard to reform efforts . PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - World Bank /Metadata 29 0 R The Office also comprises a senior executive assistant and program assistants who provide administrative support. 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. endobj 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. On July 28, 2020, he was elected to serve a second term of five years, beginning on Jan. 16, 2021. 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. /ItalicAngle 0 They exercise powers delegated by the Boards of Governors. The World Bank Group works in every major area of development. bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? World Bank, in full World Bank Group, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. /O 32 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. 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. 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. /Resources 33 0 R THE OFFICE OF THE EXECUTIVE DIRECTOR (EDS07) - World Bank W|# 0C; 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 Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Jorge Familiar. 35 0 obj The past 70 years have seen major changes in the world economy. stream The Executive Directors are responsible for conducting the day-to-day business of the World Bank. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. Development Projects Projects By Country By Sector By Theme Country Engagement >> >> To learn more about cookies, click here. /Length 19949 h,A /CapHeight 1000 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. /Filter /FlateDecode .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 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). Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. Board Facts - World Bank 31 0 obj 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 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. endstream endobj 5549 0 obj <>stream 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). The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). The voting power of each Member country is based on the number of shares it holds. Find out more about how you can participate. 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. 36 0 obj Thank you for participating in this survey! 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. *h&hj\5X;4z]A7k(7YO14cgsJ7ir\r:[,o'yhWAW e Appointment of executive directors There are currently 24 EDs on the board, one each for the five largest shareholders at the Bank- US, Japan, Germany, France and UK (see box). 32 0 obj The organizations that make up the World Bank Group are owned by the governments of member nations. endobj /Descent -206 The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. 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. /FontWeight 400 These are some stories of inspiration from World Bank projects in India. Lakshmi Shyam-Sunder. A roster of the leadership across the organization, organized by institution. 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. 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. 0 << Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. 0000023226 00000 n 34 0 obj 0000108280 00000 n IMF and World Bank decision-making and governance Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. 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. endstream endobj 5546 0 obj <>stream /PageLabels 27 0 R >> << hj0_H-[PrkY{; New executive directors at the IMF and World Bank Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. EDS14 About - World Bank The World Bank is like a cooperative, made up of 189member countries. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. >> /T 159997 Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. /Parent 25 0 R /ExtGState << /GS1 34 0 R >> startxref Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 World Bank Group President: David R. Malpass Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. Subscribe. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. << Presently, IBRD Board consists of 25 Executive Directors. Board of Directors | Asian Development Bank The World Bank Group works in every major area of development. 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 /XHeight 1000 << 20 April 2023 . endobj 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. /FontBBox [ -600 -419 1852 1034 ] *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. 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. hTKo0+#wJ&N; V#JQ[):X&A0 @ 2s6 mn?|)jM 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). /FontName /KJJAHM+Tahoma Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. 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. h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ /FirstChar 32 endobj The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. /S 146 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. /Flags 32 Zimbabwe Will Hold 'Deeper' Talks With Rich Nations Over Debt /FontFile2 37 0 R Other meetings such as Board Committee meetings are held at various other times whenever required. The boards of directors consist of the World Bank Group president and 25 executive directors. %%EOF Phenomenal World. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. c5 \EuM These trust funds include: To view former Hightlights, go to "Events and Travel" tab. 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. 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. 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. 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,

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