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Germany and the World Bank

Germany joined the International Bank for Reconstruction and Development (IBRD) in September 1952. Germany is also a member of the International Development Association (which it joined in 1960), the International Finance Corporation (1956), the Multilateral Investment Guarantee Agency (1988), and the International Centre for Settlement of Investment Disputes (1969). Today, IBRD and IDA are commonly referred to as the World Bank.

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. Germany’s representatives on the Board of Governors are:

  • GovernorH.E. Dirk Niebel, Federal Minister for Economic Cooperation and Development
  • Alternate Governor: Mr. Thomas Steffen, State Secretary, Federal Ministry of Finance

World Bank Executive Director
The governors delegate responsibility for overseeing the day-to-day business to their designated representatives on the World Bank's Executive Board. The 25 Executive Directors represent the 188 member countries of the World Bank, and normally meet twice a week to decide on borrowing and financial questions, projects, and on policies that impact the World Bank Group’s general operations.

Germany’s Executive Directors are:

World Bank office in Germany
The Department of External Affairs of the World Bank, through its Berlin-based German Desk, manages day-to-day relations with German constituencies, including government, parliamentarians, private sector, civil society, academics, and media.

 
ORGANIZATION
  • In general:
  • The World Bank Group is made of 5 Institutions:
  • For Germany:
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Last updated: 2012-10-25




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