The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. /Ascent 1000 The Board usually meets twice a week on Tuesdays and Thursdays. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Documents & Reports - All Documents | The World Bank The Board of Directors is made up of 25 Executive Directors, representing all member countries of the World Bank. 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. xref 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 Executive Director represents Japan in the Executive Boards of the World Bank Group. /ItalicAngle 0 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. endobj /LastChar 122 Read more on:Executive Directors. /CropBox [ 0 0 612 792 ] 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), International Bank for Reconstruction and Development (IBRD), Multilateral Investment Guarantee Agency (MIGA), World Bank Appoints Dr. Sabine Bernab as Director-General, Evaluation, Selection of the President of the World Bank Group, The World Bank Accountability Mechanism Resolution, IFC/MIGA Independent Accountability Mechanism (CAO) Policy - English and Additional Languages, The World Bank Inspection Panel Resolution, IBRD/IFC/IDA Executive Directors & Alternates (pdf), Code of Conduct for Board Officials (pdf). U Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. /Encoding /WinAnsiEncoding Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. 0000001336 00000 n The World Bank Group works in every major area of development. /Metadata 29 0 R 33 0 obj Click on a country on the map to find out more information about its current World Bank Executive Director and their office. /Length 19949 Akihiko Nishio. Most of them live in low- and middle-income countries. /Flags 32 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. /Linearized 1 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 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. Phenomenal World. Vice President, Development Finance. V pk2 efW``0)@ X) h,A New executive directors at the IMF and World Bank endstream endobj 5546 0 obj <>stream 32 0 obj Other countries are grouped into constituencies, each represented by an executive director. /H [ 924 245 ] Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Dominique Favre - Executive Director - The World Bank | LinkedIn stream 0000022332 00000 n EDS14 is the Office of the Executive Director for Africa Group 1 (AFG1) Constituency at the World Bank Group (WBG) Executive Board. 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. 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. Vice President, Operations Policy and Country Services. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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 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. IMF and World Bank decision-making and governance Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. 0000001573 00000 n 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 President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. 20 April 2023 . They revealed that some of the toughest discussions dealt with striking a balance between. 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, 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. /Type /ExtGState >> /OPM 1 0000001478 00000 n Under theArticles of Agreementof IDA and IFC, Executive Directors and Alternates of the Bank serve ex officio as Executive Directors and Alternates of IDA and IFC, as long as the country that appoints them, or any one of the countries that have elected them, is a member of IFC and IDA. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& 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 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. Share. 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. 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. 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. >> /Subtype /TrueType **Download statistics measured since January 1st, 2014. Poland appoints former public TV boss to World Bank post Search for experts by topic, role, language spoken, and more. Lakshmi Shyam-Sunder. The president is the presiding officer, and ordinarily has no vote except to break a tie. 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. 0000108280 00000 n The World Bank Group works in every major area of development. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. 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. /Descent -206 Thank you for participating in this survey! << 35 0 obj PDF Minutes of a Meeting of the Executive Directors of the Bank and the
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