world bank executive directors

%%EOF We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ 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. I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. 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. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF << 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. /Type /Font Conditionality Analysis. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& 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{}? 36 0 obj /ProcSet [ /PDF /Text ] 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. /SA false Mr. 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. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. /O 32 /H [ 924 245 ] Presently, IBRD Board consists of 25 Executive Directors. They revealed that some of the toughest discussions dealt with striking a balance between. The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ 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 as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. endstream endobj 5549 0 obj <>stream INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . Before you leave, wed love to get your feedback on your experience while you were here. The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. /Subtype /TrueType Long-term economic growth is a key driver of poverty reduction and higher living standards. 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. A roster of the leadership across the organization, organized by institution. The World Bank Group works in every major area of development. He is of the strong conviction that it is in all people's interest to . 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 5544 0 obj <>stream 0 The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. endobj Over that time, the World Bank Groupthe worlds largest development institutionhas worked to help more than 100 developing countries and countries in transition adjust to these changes by offering loans and tailored knowledge and advice. W|# 0C; 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. Vice President, Operations Policy and Country Services. 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 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. /Encoding /WinAnsiEncoding 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). U 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. 0000071840 00000 n Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the 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. World Bank & IMF in the news. 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. Each Board is responsible for the general operations of their respective organization. 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. 0000001336 00000 n JSDF is an official development assistance program funded for World Bank by the government of Japan. 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. 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 position is usually held by the countrys minister of finance. Global data and statistics, research and publications, and topics in poverty and development, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects. 0000072154 00000 n << The bank is headquartered in Washington, D.C. in the United States.It provided around $98.83 billion in loans and assistance to "developing" and . The remaining five new executive directors - Richard Murray of Australia, Peter Gakunu of Kenya, Ge Huayong of China, Javier Silva-Rueta of Peru and Laurean Rutayisire of Rwanda - have all moved into their positions after serving as alternates for their constituencies. The World Bank Group works in every major area of development. 0000000924 00000 n Member countries of the World Bank Group appoint or elect Executive Directors to the Boards of the International Bank for Reconstruction and Development (IBRD), the International Development Agency (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. Click here for more information. The past 70 years have seen major changes in the world economy. This number is expected to increase. Progress towards gender equality over the past 50 years. MIGA has its own separate Board of Directors, consisting of 25 members. The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, Each autumn, the Boards of Governors of the World Bank Group and International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, international development and finance. >> 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. /FontWeight 400 P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. %PDF-1.4 endobj 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Descent -206 0000000017 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). 31 0 obj f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. List of World Bank executive directors and alternates View this resource. endobj startxref To learn more about cookies, click here. 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. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 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. V pk2 efW``0)@ X) Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. 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. endstream endobj 5546 0 obj <>stream The current boards of the World Bank Group consist of 25 executive directors. The President of the World Bank Group serves as Chairman of the Board. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. >> EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. /ExtGState << /GS1 34 0 R >> /XHeight 1000 /ID [] 558 0 742 0 498 444 ] Vice President and World Bank Group Chief Risk Officer. 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. /Type /Catalog Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. 33 0 obj /Root 31 0 R Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.
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