Greece takes part in the decision making in the World Bank
The World Bank is run like a cooperative, with our member countries as shareholders. Each shareholder’s government is represented on the Board of Governors. Generally, these governors are government ministers, such as Ministers of Finance or Ministers of Development. Greece is represented on the Board of Governors by Mr. George Provopoulos, Governor of the Bank of Greece. Greece Alternate Governor to the World Bank is the Deputy Governor of the Bank of Greece, Mr. Panayotis Thomopoulos.
Because these governors meet only once a year to decide on key actions such as admitting new members or changing the authorized capital stocks, they delegate responsibility for overseeing the day-to-day business of the institutions to their designated representatives on the World Bank's Executive Board. The Executive Board is made up of 24 Executive Directors representing the 185 member countries of the World Bank. To learn more about the composition of the Executive Board, click here.
The Executive Director reside in Washington and normally meet twice a week to oversee our business, including approving loans and guarantees; new policies; the administrative budget; country support strategies; and borrowing and financial decisions. To see the work program of the Board, click here.
Greece shares its Board representation with seven other countries: Albania, Italy, Malta, Portugal, San Marino, and Timor-Leste. The group is led by Executive Director Mr. Giovanni Majnoni from the Italy, who enjoys the support of an Alternate Executive Director, Mr. Nuno Mota Pinto and a team of advisors from the member countries in the group.
For details, see the website of the Office of the Executive Director (EDS21).
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