Denmark became member of the International Bank for Reconstruction and Development (IBRD) on March 30, 1946. It was among the first countries to get a loan to help rebuild the economy after the war. Today, Denmark is a member of the five institutions that form the World Bank Group. Denmark and the World Bank work together with other member governments to finance projects, design policies and deliver programs to eradicate poverty in the developing world.Â
World Bank Governor Each member country of the World Bank Group is represented on the Board of Governors, the senior decision-making body, which meets twice a year during the Spring and Annual Meetings. Generally, the Governors are government ministers, such as Ministers of Finance or Ministers of Development, who have specific power to admit and suspend members of the World Bank Group, to increase or decrease the authorized capital stock, to determine the distribution of the net income of the Bank, and to decide on the World Bank Group’s overall strategic direction, among others. Denmark representatives on the Board of Governors are: Governor: His Excellency Mr. Christian Friis Bach, Minister for Development Cooperation Alternate Governor: His Excellency Mr. Ib Petersen, State Secretary and Head of the South Group
World Bank Executive Director The Governors delegate responsibility for overseeing the day-to day business of the institutions to the Executive Directors. The later meet as often as necessary to approve all Bank loans, credits, grants and guarantees, set the Bank strategies and priorities.Denmark shares its representation on the Executive Board with Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The eight countries are represented by a joint Executive Director, who currently is: The Denmark Country Desk The World Bank's External Affairs Europe offices are responsible for the World Bank's daily dialogue with eighteen Western European countries, including Denmark. Denmark and the World Bank work together with other member governments to finance projects, design policies and deliver programs to combat poverty in the developing world and also undertake a number of activities with parliamentarians, journalists, the private sector, academics and civil society in Denmark. |