Piero Cipollone
Executive Director

With these initiatives, the office intends to contribute to the dissemination of best practices while ensuring a higher level of the Bank’s transparency,  improving international procurement, and increasing human resources competition. 

The Executive Director, along with the other 24 members of the Board, is responsible for the conduct of the general operations of the Bank, and exercise powers delegated to him by 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.

The Executive Director is the Vice Chair of the Audit Committee and also attends meetings of the Committee on Development Effectiveness (CODE), the Budget Committee, the Committee on Governance and Executive Directors' Administrative Matters (COGAM), the Human Resources Committee, and the Steering Committee.

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 efforts.

He liaises with his Constituency's Governors (usually the ministries of finance) to receive their advice and opinions on how to best further and protect their interests.

Accordingly, the Executive Director for Albania, Greece, Italy, Malta, Portugal, San Marino and Timor Leste, while exercising his individual judgement in the interest of the Bank as a whole, also informs the constituency countries about the issues before the Board and takes into account their views while determining his position.