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. Lakshmi Shyam-Sunder. The World Bank Group works in every major area of development. /FontStretch /Normal /Type /Catalog 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. Gifts are tax deductible to the full extent allowable under the law. Under theIBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j 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. In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. 0ELD-H6*MEPj#vjxH. They revealed that some of the toughest discussions dealt with striking a balance between. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. Edward Mountfield. /Rotate 0 >> The past 70 years have seen major changes in the world economy. >> endstream endobj 5550 0 obj <>stream 35 0 obj 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 189 member countries. Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. 0000071840 00000 n 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. They exercise powers delegated by the Boards of Governors. /FontWeight 400 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 More than a billion persons globally, about 15 percent of the worlds population, are estimated to have a disability. Number of Executive Directors. It also provides technical assistance and policy advice and superviseson behalf of . The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. /OP false 37 0 obj /L 160724 The Executive Directors are responsible for conducting the day-to-day business of the World Bank. /E 110443 0 U %PDF-1.4 Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. 0000001478 00000 n *Y>i1)RpqhdSN_s5, -iKF|t`?8 h*` *50_ 31 0 obj Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. 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. 0000108174 00000 n 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. The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. c5 \EuM 0000001573 00000 n /Info 26 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). 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. >> 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. endstream endobj 5551 0 obj <>stream endobj /Type /FontDescriptor 1x 1.5x 1.8x. 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 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. Get our alerts and publications in your inbox. Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. If confirmed by the World Bank board of directors, Banga, 63, will be the first Indian-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank. /BaseFont /KJJAHM+Tahoma The President of the World Bank Group serves as Chairman of the Board. DP^!r% Generally, the governors are member countries' ministers of finance or ministers 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. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. endstream endobj 5549 0 obj <>stream Share. Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). /Filter /FlateDecode The Executive Director represents Japan in the Executive Boards of the World Bank Group. 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. Similarly to the IMF, member countries are allocated votes at the . 30 18 /Size 48 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. Bank Information Center is a 501(c)(3) organization. h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. 0000110199 00000 n The Office also comprises a senior executive assistant and program assistants who provide administrative support. Long-term economic growth is a key driver of poverty reduction and higher living standards. /Encoding /WinAnsiEncoding 0000000017 00000 n In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. The World Bank Group works in every major area of development. /Linearized 1 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 Presently, IBRD Board consists of 25 Executive Directors. The Board is responsible for the conduct of the general operations of the Bank, providing overall guidance to Management on strategic directions, exercising oversight over operational, financial, and institutional matters, and approving the use of financial resources by all WBG entities and policies that impact the organizations general operations and use of resources. MIGA has its own separate Board of Directors, consisting of 25 members. /FontFamily (Tahoma) 5544 0 obj <>stream Find out what the Bank Group's branches are doing in Sub-Saharan Africa. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. endstream endobj 5548 0 obj <>stream Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. Vice President, World Bank Group External and Corporate Relations. 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. << Shares are allocated differently in each organization, resulting in differentvoting powers. The World Bank Group works in every major area of development. The World Bank Group works in every major area of development. /Type /Font Other meetings such as Board Committee meetings are held at various other times whenever required. EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. They exercise powers delegated by the Boards of Governors. 36 0 obj 0000071268 00000 n If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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. 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. stream The Executive Directors are responsible for conducting the day-to-day business of the World Bank. << Will you take two minutes to complete a brief survey that will help us to improve our website? Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing 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. /H [ 924 245 ] 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). .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR Vice President, Development Finance. Learn more about latest news and developments in our constituent country. 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 is like a cooperative, made up of 189member countries. While there are four Boards, Executive Directors serving on these Boards are usually the same. /CapHeight 1000 0000001169 00000 n Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. >> - World Bank Mr. To learn more about cookies, click here. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z TheCode of Conduct for Board Officials(pdf) that took effect on November 1, 2022, supersedes the Code of Conduct of the Bank and the Association, and the Boards of the Corporation and the Agency respectiively, on October 19, 2018, as amended on August 6, 2021. 32 0 obj Find out more about how you can participate. >> Headquarters 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. 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. /Type /Page Click on a country on the map to find out more information about its current World Bank Executive Director and their office. If you continue to navigate this website beyond this page, cookies will be placed on your browser. hTKo0+#wJ&N; V#JQ[):X&A0 @ 2s6 mn?|)jM The position is usually held by the countrys minister of finance. 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. It displays the current and two following moths of the Executive Directors' work program in a monthly format. 0000022332 00000 n 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. Global data and statistics, research and publications, and topics in poverty and development. The Board usually meets twice a week on Tuesdays and Thursdays. Jorge Familiar. Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. These trust funds include: To view former Hightlights, go to "Events and Travel" tab. **Download statistics measured since January 1st, 2014. The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. 0000001994 00000 n /OPM 1 World Bank appointments 33 0 obj 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 . Phenomenal World. 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. 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. /LastChar 122 endobj 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. /StemV 92 This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. 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 organizations that make up the World Bank Group are owned by the governments of member nations. << The president is the presiding officer, and ordinarily has no vote except to break a tie. These are some stories of inspiration from World Bank projects in India. /Font << /TT2 35 0 R /TT4 38 0 R /TT6 41 0 R /SH1 44 0 R >> hYmo7+HzkPa@ij8H#CGD>QGy%C {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. 30 0 obj endstream endobj 5547 0 obj <>stream /ProcSet [ /PDF /Text ] 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. With regard to reform efforts . 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 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 << 0000022918 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. _vqLkqH)KAjj%5''vF>{z,ux[aW8Q0qz)~hi6pIM.rijEf D/A} FqU-%&Z7=a'rSI[C=uM^#jG9;2=OET;{G5]o6ipx5kW]1&D/K0mJE+aZjs>'8oQ. ,n?#4J+ p 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. endstream endobj 5546 0 obj <>stream Each Board is responsible for the general operations of their respective organization. << *h&hj\5X;4z]A7k(7YO14cgsJ7ir\r:[,o'yhWAW e /FirstChar 32 /Length 155 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. /Length 19949 Vice President and World Bank Group Chief Risk Officer. 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 The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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). << << The Executive Directors are responsible for conducting the day-to-day business of the World Bank. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Page 1 of 2 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENTINTERNATIONAL FINANCE CORPORATIONINTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Equatorial Guinea C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 V pk2 efW``0)@ X) Before you leave, wed love to get your feedback on your experience while you were here. hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? /Metadata 29 0 R Member countries of the World Bank Group appoint or elect Executive Directors to the Boards of the International Bank for Reconstruction and Development (IBRD), International Development Agency (IDA), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA). >> The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. << 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 Group works in every major area of development. Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. /S 146 The World Bank Group works in every major area of development. 19 April 2023 . /CropBox [ 0 0 612 792 ] He is of the strong conviction that it is in all people's interest to . The Board of the World Bank consists of 25 executive directors. /ExtGState << /GS1 34 0 R >> P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. stream /SM 0.02 MIGA has its own separate Board of Directors, consisting of 25 members. Read more on: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. While there are four Boards, Executive Directors serving on these Boards are usually the same. hj0_H-[PrkY{; The boards of directors consist of the World Bank Group president and 25 executive directors. bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? /FontBBox [ -600 -419 1852 1034 ] /Filter /FlateDecode >> 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. Akihiko Nishio. Progress towards gender equality over the past 50 years. 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. /N 6 /Length1 56880 /SA false 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, 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 voting power of each Member country is based on the number of shares it holds. 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. Other countries are grouped into constituencies, each represented by an executive director. Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. trailer Conditionality Analysis. >> Thankful to the Government of #Japan , and the Japan International Cooperation Agency They make decisions on all matters, including policy, financial or membership issues. Japan joined the World Bank Group on August 13, 1952, and since then it has strengthened its status as a creditor in the 1970s. 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. /ItalicAngle 0 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. 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. 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. These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. Environment Analysis. The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1 . After a series of informal discussions on the basis of working papers prepared by the staff of the Bank, the Executive Directors decided that the Bank should convene consultative meetings of legal experts designated by member governments to consider the subject in greater detail. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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. Search for experts by topic, role, language spoken, and more. Most of them live in low- and middle-income countries. /Parent 25 0 R Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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 face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. A roster of the leadership across the organization, organized by institution. 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. They also hold discussions on operations evaluations, development trends, and strategic directions for the Bank. 34 0 obj The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year.

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