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0000022918 00000 n P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. .sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR %%EOF THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. Jointly with the other 24 Executive Directors, they oversee and govern the business of the World Bank Group. % This site uses cookies to optimize functionality and give you the best possible experience. With regard to reform efforts . EDS14 About - World Bank /Descent -206 Jorge Familiar. *Yiuorq!+gy49FKr:+.,F*+M/W[}}__W6g]};' -6;*,P%NjH,D2h JSUy`i'=_c)&?R-jq,;< 4$zlb McjX8cJ>=el#[=r@|m: elY5[Vm5|Py*?>ylzd?1)?2EORV2X\k{vu#=C*VZQ]Z+SgmtSbX. 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. Click on a country on the map to find out more information about its current World Bank Executive Director and their office. /FontStretch /Normal /S 146 If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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. /SM 0.02 32 0 obj The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, /FontDescriptor 36 0 R >> The World Bank Group works in every major area of development. It displays the current and two following moths of the Executive Directors' work program in a monthly format. Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. Vice President, Development Finance. PDF Minutes of a Meeting of the Executive Directors of the Bank and the 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. Vice President, Operations Policy and Country Services. /Length 155 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 endobj The position is usually held by the countrys minister of finance. 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. 0000000017 00000 n 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. Board Facts - World Bank DP^!r% /ItalicAngle 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. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 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. While there are four Boards, Executive Directors serving on these Boards are usually the same. 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. 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. 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 and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. << The World Bank Group works in every major area of development. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. Boards of Directors World Bank Apr 11, 2019 World Development Report 2019 We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /Type /Page /PageLabels 27 0 R PDF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - 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. In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. c5 \EuM The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? What a $13B capital increase means for World Bank lending We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The World Bank Group works in every major area of development. endobj The voting power of each Member country is based on the number of shares it holds. /Flags 32 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. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. /op false Search for experts by topic, role, language spoken, and more. World Bank Group President: David R. Malpass This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. 0000001573 00000 n Before you leave, wed love to get your feedback on your experience while you were here. 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. The World Bank Group works in every major area of development. 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 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. 20 April 2023 . /Contents [ 45 0 R 46 0 R ] >> Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. 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. While there are four Boards, Executive Directors serving on these Boards are usually the same. >> The Board usually meets twice a week on Tuesdays and Thursdays. 0000071840 00000 n Headquarters These are some stories of inspiration from World Bank projects in India. The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. endstream endobj 5548 0 obj <>stream 0000000829 00000 n Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. 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. 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. 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 World Bank appointments President of the World Bank Group - Wikipedia 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. The World Bank Group works in every major area of development. Each Board is responsible for the general operations of their respective organization. 5544 0 obj <>stream - World Bank The government of Zimbabwe will "shortly conduct deeper and direct bilateral engagements with the capitals Washington DC, London and Brussels," Finance Minister Mthuli Ncube said in a presentation to IMF and World Bank executive directors. >> Poland appoints former public TV boss to World Bank post