The President is the central figure in WBG governance. The President heads the operating staff, and is formally charged with conducting the “ordinary business” of the Bank under the
direction of the Executive Directors.
As chief of the operating staff, the President is responsible for the organization, appointment, and dismissal of staff and Management.
As the head of the World Bank Group, the President serves as head of the WBG’s five arms and chairman of all of its Boards of Directors, as well as of the Administrative Council of the International Center for the Settlement of Investment Disputes (ICSID).
The organization of the WBG’s senior management has evolved under each President. Currently it comprises three Managing Directors who are responsible for overseeing a number of regional and functional vice presidential units.