WASHINGTON, April 27, 2023 The World Bank's Board of Executive Directors today discussed a new Country Partnership Framework for Bangladesh (2023-2027) and approved $1.25 billion financing in three new projects. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Type /Page 0000108174 00000 n These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. /Root 31 0 R 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. Development Projects Projects By Country By Sector By Theme Country Engagement 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. List of World Bank executive directors and alternates - Bretton Woods This diverse constituency is currently represented by Ms. Katharine Rechico, who is supported by Canadian, Irish & Caribbean Senior Advisors and Advisors. To learn more about cookies, click here. Conditionality Analysis. Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. endstream endobj 5546 0 obj <>stream President of the World Bank Group - Wikipedia We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. This site uses cookies to optimize functionality and give you the best possible experience. 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. 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. Under the IBRD Articles of Agreement, the Executive Directors are . 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. << %PDF-1.7 % Mr. 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. << Long-term economic growth is a key driver of poverty reduction and higher living standards.
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