> 0000001336 00000 n 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. MIGA has its own separate Board of Directors, consisting of 25 members. hYmo7+HzkPa@ij8H#CGD>QGy%C Similarly to the IMF, member countries are allocated votes at the . Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. 0000001994 00000 n Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 0000001573 00000 n 0000110199 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. % 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, Operations Policy and Country Services. /E 110443 Learn more about latest news and developments in our constituent country. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF 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). 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. /LastChar 122 We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. 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. The Board usually meets twice a week on Tuesdays and Thursdays. 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. David R. Malpass ( @DavidMalpassWBG ), was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U 0000072154 00000 n The past 70 years have seen major changes in the world economy. /Type /Catalog They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& Thankful to the Government of #Japan , and the Japan International Cooperation Agency 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. endstream endobj 5550 0 obj <>stream Thank you for participating in this survey! Shares are allocated differently in each organization, resulting in differentvoting powers. The World Bank Group works in every major area of development. /Ascent 1000 .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR 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. W|# 0C; << The World Bank Group works in every major area of development. /PageLabels 27 0 R Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. endobj Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. 0000108280 00000 n This site uses cookies to optimize functionality and give you the best possible experience. 0 endstream endobj 5547 0 obj <>stream 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 . 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). Other meetings such as Board Committee meetings are held at various other times whenever required. The President of the World Bank Group serves as Chairman of the Board. The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. MIGA has its own separate Board of Directors, consisting of 25 members. Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. 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. These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. Akihiko Nishio. >> Jin is the inaugural President and Chair of the Board of Directors. The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. 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. /Size 48 Presently, IBRD Board consists of 25 Executive Directors. Edward Mountfield. << It displays the current and two following moths of the Executive Directors' work program in a monthly format. 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 0 558 0 742 0 498 444 ] 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. 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. However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. /CapHeight 1000 Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. The Board of the World Bank consists of 25 executive directors. Each Board is responsible for the general operations of their respective organization. >> /FontFile2 37 0 R 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. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. The Code of Conduct provides that, as these officials are entrusted with responsibilities as prescribed in the Articles of Agreement, By-Laws, and related documents of the organizations, their personal and professional conduct must comply with the standards and procedures set forth in the Code of Conduct. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 /O 32 The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. Progress towards gender equality over the past 50 years. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. The World Bank is like a cooperative, made up of 189member countries. /OP false V pk2 efW``0)@ X) The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. 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. >> 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. /SM 0.02 U << They make decisions on all matters, including policy, financial or membership issues. 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. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. 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. /Length 19949 The Governors and Alternates serve for terms of five years and can be reappointed. endstream endobj 5551 0 obj <>stream Click on a country on the map to find out more information about its current World Bank Executive Director and their office. /BaseFont /KJJAHM+Tahoma The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. 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. Read more on:Boards of Governors. 36 0 obj The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. 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). Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. /H [ 924 245 ] startxref /FontStretch /Normal 0000000924 00000 n h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ /Rotate 0 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. /Flags 32 /ItalicAngle 0 0000001169 00000 n Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. /Subtype /TrueType List of World Bank executive directors and alternates View this resource. World Bank appointments h, Number of Executive Directors. 0000071840 00000 n Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). 35 0 obj 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. 20 April 2023 . 19 April 2023 . /Root 31 0 R 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). 47 0 obj Sheila Redzepi. 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 World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. A roster of the leadership across the organization, organized by institution. h,A >> /MediaBox [ 0 0 612 792 ] Read more on:Executive Directors. /Pages 25 0 R /Contents [ 45 0 R 46 0 R ] {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. Generally, the governors are member countries' ministers of finance or ministers 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. The bank is headquartered in Washington, D.C. in the United States.It provided around $98.83 billion in loans and assistance to "developing" and . 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. 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. Phenomenal World. /StemV 92 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. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. /FontName /KJJAHM+Tahoma endstream endobj 5548 0 obj <>stream Find out more about how you can participate. 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. %%EOF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . /CropBox [ 0 0 612 792 ] endobj Global data and statistics, research and publications, and topics in poverty and development. hTKo0+#wJ&N; V#JQ[):X&A0 @ 2s6 mn?|)jM The Executive Directors are responsible for conducting the day-to-day business of the World Bank. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. The World Bank Group works in every major area of development. >> 30 18 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 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. Cowboys Youth Football, Madi Browne And Chloe Molloy Relationship, Articles W
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