In Depth
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues.
Each Autumn, the Boards of Governors of the World Bank Group and International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, international development and finance.
The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equal division.