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FAQ about the Boards

faq

What is the difference between Boards of Governors and Boards of Directors?

How many Boards do the World Bank Group have?

Who are the members of the World Bank Group’s Boards of Directors?

How many members do the Boards of Directors have?

What do the Executive Directors do?

Who is the Chairman of the Boards of Directors?
 

How are the Executive Directors chosen?

How often are elections held for Executive Directors?

How often do the Boards meet?

What number of members is needed for a quorum?
 


What is the difference between Boards of Governors and Boards of Directors?

The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country.  The position is usually held by the country’s minister of finance. Read more on: Boards of Governors.

The Boards of Directors (the Board) is made up of representatives of the Bank’s member countries that appoint them or elected them. They exercise powers delegated by the Boards of Governors.

How many Boards do the World Bank Group have?

Member countries of the World Bank Group appoint or elect Executive Directors to the Boards of the International Bank for Reconstruction and Development (IBRD), International Development Agency (IDA), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA). While there are four Boards,  Executive Directors serving on these Boards are usually the same. Under the Articles of Agreement of IDA and IFC, Executive Directors and Alternates of the Bank serve ex officio as Executive Directors and Alternates of IDA and IFC, as long as the country that appoints them, or any one of the countries that have elected them, is a member of IFC and IDA. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank.

Who are the members of the World Bank Group’s Boards of Directors?

The Board members, also referred as the Executive Directors, have a dual function as representatives of the Bank’s member country or countries that appoint them or elected them and as Bank officials.
 
How many members do the Boards of Directors have?

There are 25 Executive Directors and 25 Alternate Executive Directors representing the 188 member countries. With the term beginning November 1, 2010, the number of Executive Directors increased by one, totalling 25.

What do the Executive Directors do?

Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. The Executive Directors consider and decide on loan and credit proposals made by the President, and they decide policy issues that guide the general operations of the Bank. Read more on: Executive Directors.

Who is the Chairman of the Boards of Directors?

The President of the World Bank Group serves as Chairman of the Board.

How are the Executive Directors chosen?

Five Executive Directors are appointed by the members with the five largest numbers of shares (currently the United States, Japan, Germany, France and the United Kingdom). The other Executive Directors are elected by the other members.

How often are elections held for Executive Directors?

Regular elections of Executive Directors are held every two years, normally in connection with the Bank's Annual Meetings.

In IFC and IDA, Executive Directors and Alternates of the Bank serve ex officio as Executive Directors and Alternates of IFC and IDA (as long as the country that appoints them, or any one of the countries that have elected them, is also a member of IFC and IDA). Members of the MlGA Board of Directors are elected separately, but it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank.

How often do the Boards meet?

The Board usually meets twice a week on Tuesdays and Thursdays. Other meetings such as Board Committee meetings are held at various other times whenever required.

What number of members is needed for a quorum?

A quorum for any meeting of the Board shall be a majority of the Executive Directors, exercising not less than one-half the total voting power of the Board.
 


Last updated: 2011-11-04




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