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/LastChar 122 In his speech at the Warsaw School of Economics, titled Addressing Challenges to Growth, Security, and Stability, World Bank Group President David Malpass discussed how conflict, COVID-19, and climate change have created unprecedented challenges for developing countries, hurting the poorest and most vulnerable people and communities. The World Bank Group works in every major area of development. The World Bank Group works in every major area of development. With regard to reform efforts . Each Board is responsible for the general operations of their respective organization. Number of Executive Directors. W|# 0C; We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /L 160724 The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. 0000001573 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). The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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 consider and decide on loan and credit proposals made by the President, and they decide policy issues that guide the general operations of the Bank. /T 159997 The President of the World Bank Group serves as Chairman of the Board. << 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 It also provides technical assistance and policy advice and superviseson behalf of . /Size 48 /N 6 Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, The World Bank Group works in every major area of development. %PDF-1.7 % 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. Read more on:Boards of Governors. 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 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. David R. Malpass ( @DavidMalpassWBG ), was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. 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. Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. h{y|TU:cU@Db@AQBBTQ @,"# Vh*@ Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 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). Other countries are grouped into constituencies, each represented by an executive director. << 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. 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). C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 32 0 obj 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. startxref 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. hj0_H-[PrkY{; 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 30 18 /S 146 This site uses cookies to optimize functionality and give you the best possible experience. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. The president is the presiding officer, and ordinarily has no vote except to break a tie. 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. /Type /ExtGState 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. << 0 The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). /Encoding /WinAnsiEncoding Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Contents [ 45 0 R 46 0 R ] 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. 34 0 obj 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 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. 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. >> endstream Regular elections of Executive Directors are held every two years at the time of the Annual Meetings. hTKo0+#wJ&N; V#JQ[):X&A0 @ 2s6 mn?|)jM h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F stream 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). c5 \EuM To learn more about cookies, click here. How can we manage the growing risks of floods and droughts on a warming planet? /ID [] /OP false << The Japanese additional contribution to the Global Concessional Financing Columbia University JJWBGSP Scholars Visit Executive Office of Japan, Raising the bar on debt data transparency. % While there are four Boards, Executive Directors serving on these Boards are usually the same. Edward Mountfield. _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 Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. Vice President, Operations Policy and Country Services. 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. /SM 0.02 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. /Length 19949 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. hYmo7+HzkPa@ij8H#CGD>QGy%C 0000108174 00000 n They make decisions on all matters, including policy, financial or membership issues. Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. 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 /Rotate 0 The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 1x 1.5x 1.8x. INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES, 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), Multilateral Investment Guarantee Agency (pdf), Senior Managing Director, Development Policy and Partnerships, Managing Director and World Bank Group Chief Financial Officer, Managing Director and World Bank Group Chief Administrative Officer, Senior Vice President and World Bank Group Chief Economist, Senior Vice President and WBG General Counsel (LEG), Acting Vice President, Budget, Performance Review, and Strategic Planning, Acting Vice President, Ethics and Internal Justice Services (EIJ VPU), Vice President, Eastern and Southern Africa, Vice President, Western and Central Africa, Vice President, Latin America and Caribbean, Vice President, Middle East and North Africa, Acting World Bank Group Chief Information Officer and Vice President, Information & Technology Solutions, Vice President, Equitable Growth, Finance, and Institutions, Acting Director General, Independent Evaluation Group, Vice President for Finance and World Bank Group Controller, Vice President, World Bank Group People and Culture, Vice President and Auditor-General, Internal Audit, Vice President and Treasurer, World Bank andPension Finance Administrator, World Bank Group, Vice President, World Bank Group External and Corporate Relations, Vice President, Operations Policy and Country Services, Vice President and World Bank Group Chief Risk Officer, Secretary, World Bank Accountability Mechanism, Chief of Staff to the World Bank Group President, Vice President and Treasurer,Treasury & Mobilization, Vice President, Economics and Private Sector Development, Regional Vice President, Middle East, Central Asia, Trkiye, Afghanistan, and Pakistan, Regional Vice President for Asia and Pacific, Regional Vice President for Europe and Latin America and the Caribbean, Vice President and Chief Risk, Legal and Administrative Officer, Director and General Counsel, Legal Affairs and Claims, Director for Climate, Energy, Extractives, Financial and Capital Markets Operations, Director for Infrastructure, Manufacturing, Agribusiness, Services (MAS) and Trade Operations, Vice President, Compliance Advisor/Ombudsman. >> h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j The Executive Director is supported by his advisory and administrative staff who are committed to working with the 189 member countries to present a consensus on development issues. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. They also hold discussions on operations evaluations, development trends, and strategic directions for the 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. << The Office also comprises a senior executive assistant and program assistants who provide administrative support. The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. Shares are allocated differently in each organization, resulting in differentvoting powers. /Pages 25 0 R The World Bank Group works in every major area of development. Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. /FontName /KJJAHM+Tahoma To learn more about cookies, click here. 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, . Vice President and World Bank Group Chief Risk Officer. Environment Analysis. 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. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. Jorge Familiar. The Office also comprises a senior executive assistant and program assistants who provide administrative support. 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. 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 Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. 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. These trust funds include: To view former Hightlights, go to "Events and Travel" tab. This site uses cookies to optimize functionality and give you the best possible experience. Similarly to the IMF, member countries are allocated votes at the . We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The Executive Directors consider and decide on loan and credit proposals made by the President, and they decide policy issues that guide the general operations of the Bank. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. 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. endstream endobj 5545 0 obj <>stream endobj /ProcSet [ /PDF /Text ] Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. /Subtype /TrueType Find out what the Bank Group's branches are doing in Sub-Saharan Africa. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. /Root 31 0 R /H [ 924 245 ] Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. Development Projects Projects By Country By Sector By Theme Country Engagement In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. 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. 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 . endobj 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& 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. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. #>tAY76#l'N2Ui8T[ HHEM6CcYQ Gifts are tax deductible to the full extent allowable under the law. JSDF is an official development assistance program funded for World Bank by the government of Japan. 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. xref V pk2 efW``0)@ X) /OPM 1 Share. 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 World Bank Group works in every major area of development. The Board usually meets twice a week on Tuesdays and Thursdays. 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. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. /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 Bank executive with Chase Manhattan Bank; former Executive Director of the World Bank 4 George Woods: January 1, 1963 - March 31, 1968 United States Investment banker and bank executive with First Boston Corporation 5 Robert McNamara: April 1, 1968 - June 30, 1981 United States Business executive with Ford Motor Company; 0000072154 00000 n Other meetings such as Board Committee meetings are held at various other times whenever required. /CropBox [ 0 0 612 792 ] << 0000110199 00000 n 31 0 obj If you continue to navigate this website beyond this page, cookies will be placed on your browser. /O 32 47 0 obj 0000000017 00000 n 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. Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. /ItalicAngle 0 /PageLabels 27 0 R If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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. trailer This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. 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, /E 110443 The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. /BaseFont /KJJAHM+Tahoma Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. Headquarters A roster of the leadership across the organization, organized by institution. 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. 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. I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. 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. 35 0 obj Will you take two minutes to complete a brief survey that will help us to improve our website? 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. It displays the current and two following moths of the Executive Directors' work program in a monthly format. /Filter /FlateDecode hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? *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. 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. /Length 155 Vice President, Development Finance. /Type /FontDescriptor Click on a country on the map to find out more information about its current World Bank Executive Director and their office. While there are four Boards, Executive Directors serving on these Boards are usually the same. 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. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z 0000001478 00000 n >> h, 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 is Vice Chair of the Human Resources Committee (HRC)(pdf) and a member of the Committee on Governance and Executive Directors' Governance Matters (COGAM)(pdf). 36 0 obj We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. The current boards of the World Bank Group consist of 25 executive directors. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. 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. These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at 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. The boards of directors consist of the World Bank Group president and 25 executive directors. Click here for more information. MIGA has its own separate Board of Directors, consisting of 25 members. 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 The Office has a dual responsibility. 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. 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 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. stream The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. World Bank appointments Long-term economic growth is a key driver of poverty reduction and higher living standards. To learn more about cookies, click here. Mr. /FirstChar 32 The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. Presently, IBRD Board consists of 25 Executive Directors. %%EOF Get our alerts and publications in your inbox. Presently, IBRD Board consists of 25 Executive Directors. << The World Bank Group works in every major area of development. 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), Committee on Governance and Executive Directors' Governance Matters (COGAM), The Japan Policy and Human Resources Development Fund (PHRD) Fund, Quality Infrastructure Investment (QII) Partnership, World Bank Joint Japan Graduate Scholarship Program. Subscribe. They exercise powers delegated by the Boards of Governors. bH#!}k}*E{$_Z{8Q3"B5/,9eGgGop_C*tDmVX6s7!=DcKK~\Z1h1-.(3-n2s7"D~ =3TnD7t^KlL4Y3KD{/C{}? 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. endobj 0000001994 00000 n 0000071268 00000 n /Linearized 1 The Board of the World Bank consists of 25 executive directors. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. 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. /Ascent 1000 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.