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Norway and the World Bank

Norway became member of the International Bank for Reconstruction and Development (IBRD) on December 27, 1945. Today, Norway is a member of the five institutions that form the World Bank Group. Norway 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.

World Bank Governor
Each member country within the World Bank Group is represented by a governor who generally, is a government minister, such as Minister of Finance or Minister of Development. The governors meet only once a year to decide on key actions such as admitting new members or changing the authorized capital stocks. Norway is represented on the Board of Governors by:

  • Governor: H.E. Mr. Heikki Holmås,
    Minister of International Development
  • Alternate Governor: Mr. Arvinn Gadgil, State Secretary

World Bank Executive Director
The Governors delegate responsibility for overseeing the day-to-day business of the institutions to the Executive Directors. The later usually meet as often as necessary to approve all Bank loans, credits, grants and guarantees, set the Bank strategies and priorities. Norway shares its representation on the Executive Board with Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, and Sweden. The eight countries are represented by a joint Executive Director, who currently is:

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




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