Office of the Executive Director (EDS18)
Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, and República Bolivariana de Venezuela
EDS 18 is the Office of the Executive Director for Costa Rica, Guatemala, Honduras, El Salvador, Nicaragua, Mexico, Spain and Venezuela. The countries we represent have played an important role in articulating the bank policies and strategies since they joined the World bank Group. Our constituency includes; Two IDA countries (Honduras and Nicaragua), three Upper middle income countries (Costa Rica, Mexico,and Venezuela) and two lower middle income countries (El Salvador and Guatemala)
.The Executive Director, along with the other 24 members of the Board, are responsible for the conduct of the general operations of the Bank, and exercise powers delegated to them by the Articles of Agreement or the Board of Governors.
Responsibilities consist of participating in Board meetings to define institutional policies and strategies, as well as approving programs and projects, including IBRD loan and guarantee proposals, IDA credits, grants and guarantee proposals made by the President.
Our Executive Director is the Chair of the Committee on Development Effectiveness (CODE), and is represented in the G20 (Mexico) and G24 (Mexico, Venezuela and Guatemala).
The Executive Director engages in direct consultations and negotiations with other Executive Officers to generate support for the World Bank's efforts to reduce poverty and to harmonize their positions so as to present a consensus on development goals
He liases with his constituency's Governors (usually the Ministers of Finance and Presidents of the Central Banks) to receive their advices and opinions on how to best further and protect their interest.
The chair priorities include:
Ensuring that the Bank's decisions, actions and activities are driven by its clients' demand.
Promoting the use of countries systems.
Encouraging the IFC to embrace new challenges
Harmonize staff incentive systems with corporate development goals and objetives.
Strengthening the Bank's partnership and collaboration with other development partners