Frequently Asked Questions

When did Estonia join the World Bank?

Estonia joined the World Bank in 1992.

How are countries represented at the World Bank?

 

The World Bank is managed by representatives from each of its member countries. The two governing bodies that make all major policy decisions are the Board of Governors and the Board of Executive Directors.

The World Bank currently has 24 Executive Directors based in Washington, D.C.  The Articles of Agreement provides that five of these directors represent the member countries having the largest number of shares. These countries are: France, Germany, Japan, the United Kingdom, and the United States.

The other 19 Executive Directors represent the remaining countries. Each Executive Director is elected by a country or group of countries every two years.

 

How is Estonia represented at the World Bank?

 

Estonia, together with the 7 other countries, is represented by Svein Aass, Executive Director,and
Pauli Pekka Kariniemi, Alternate Executive Director.

 

 

 Learn more about the World Bank's Board members and activities.