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. 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 /CapHeight 1000 The World Bank Group works in every major area of development. /Root 31 0 R Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. Before you leave, wed love to get your feedback on your experience while you were here. 0000001573 00000 n Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. 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 past 70 years have seen major changes in the world economy. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF Pursuant to the Code of Conduct, the Board has established an Ethics Committee to address ethics matters concerning Board Officials in order to ensure sound governance pursuant to the Code of Conduct. h,A 36 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. endstream endobj 5545 0 obj <>stream 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). The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. 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 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. /Rotate 0 0000071840 00000 n /Filter /FlateDecode Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. 30 18 Read more on:Executive Directors. /ItalicAngle 0 /FontBBox [ -600 -419 1852 1034 ] How can we manage the growing risks of floods and droughts on a warming planet? endobj The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. 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. A roster of the leadership across the organization, organized by institution. /FontFamily (Tahoma) Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F %PDF-1.7 % Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. It displays the current and two following moths of the Executive Directors' work program in a monthly format. /Prev 159986 endstream endobj 5548 0 obj <>stream Search for experts by topic, role, language spoken, and more. 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 are responsible for conducting the day-to-day business of the World Bank. << Regular elections of Executive Directors are held every two years at the time of the Annual Meetings. /Metadata 29 0 R /Info 26 0 R 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. Learn more about latest news and developments in our constituent country. yF=60gB>9m10ZOvl{Jo-*v*u|O&^ qTmV)U In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. %%EOF We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. 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 Presently, IBRD Board consists of 25 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. endobj >> Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. Lakshmi Shyam-Sunder. /FontStretch /Normal This number is expected to increase. 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. 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. 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. 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). Phenomenal World. 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. This site uses cookies to optimize functionality and give you the best possible experience. Sheila Redzepi. endstream endobj 5551 0 obj <>stream 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. With regard to reform efforts . 35 0 obj Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> Environment Analysis. THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. /ProcSet [ /PDF /Text ] 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. /FontWeight 400 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). Generally, the governors are member countries' ministers of finance or ministers of development. /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 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. endobj /Flags 32 The Governors and Alternates serve for terms of five years and can be reappointed. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. /Parent 25 0 R endstream endobj 5550 0 obj <>stream Vice President, World Bank Group External and Corporate Relations. The gigantic austerity drive underway . 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. The Office has a dual responsibility. endstream endobj 5547 0 obj <>stream MIGA has its own separate Board of Directors, consisting of 25 members. 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 World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. Other countries are grouped into constituencies, each represented by an executive director. stream /PageLabels 27 0 R 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. Most of them live in low- and middle-income countries. >> /FontName /KJJAHM+Tahoma To learn more about cookies, click here. The organizations that make up the World Bank Group are owned by the governments of member nations. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, 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 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. /Type /Font Thank you for participating in this survey! Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. To learn more about cookies, click here. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. Find out more about how you can participate. Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. The position is usually held by the countrys minister of finance. 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. 19 April 2023 . 0000022918 00000 n The Polish-Swiss Constituency consists of. These are some stories of inspiration from World Bank projects in India. /Type /FontDescriptor /FirstChar 32 The World Bank Group works in every major area of development. /Length 19949 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.
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