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These trust funds include: To view former Hightlights, go to "Events and Travel" tab. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. The Japanese additional contribution to the Global Concessional Financing Columbia University JJWBGSP Scholars Visit Executive Office of Japan, Raising the bar on debt data transparency. /FontStretch /Normal
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Executive Directors (or Alternates) fulfill a dual function, as officials of the Bank and as representatives of the member country or countries that appointed or elected them. The Board is responsible for the conduct of the general operations of the Bank, providing overall guidance to Management on strategic directions, exercising oversight over operational, financial, and institutional matters, and approving the use of financial resources by all WBG entities and policies that impact the organizations general operations and use of resources. The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, 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. Under the IBRD Articles of Agreement, the Executive Directors are . In a bid to promote local manufacturing of pharmaceutical products in nascent markets, IFC and Nippon Chemiphar Co. Ltd., a leading Japanese pharmaceutical company, are joining forces. /Parent 25 0 R
The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors, who represent member countries. Jorge Familiar. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Japan is also one of the largest donors to trust funds that help the World Bank and its partners support the achievement of development results at global, regional and country levels. /LastChar 122
The Executive Director is supported by the Alternate Executive Director, Senior Advisors and Advisors, who review and provide advice on policies, strategies and projects presented for consideration and approval by the Executive Board. /ItalicAngle 0
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. It displays the current and two following moths of the Executive Directors' work program in a monthly format. The Code of Conduct for Board Officials sets forth principles and ethical standards for the Executive Directors, the Presidents of each of the organizations, Executive Director Designates, Executive Director Post-Designates, Alternate Executive Directors, Alternate Executive Director Designates, Alternate Executive Director Post-Designates, Temporary Alternate Executive Directors, Senior Advisors, and Advisors to Executive Directors (collectively, Board Officials) in connection with, or having a bearing upon, their status and responsibilities in the organizations of the World Bank Group. <<
Under the IDA Articles of Agreement and the IFC Articles of Agreement, the Executive Directors of IBRD serve, ex officio, as Executive Directors of IDA and as members of the Board of Directors of IFC.
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Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2021 IBRD IDA Executive Director Alternate Casting votes of Total votes % of total Total votes % of total Appointed Elected Hayrettin Demircan (Turkey) Guenther Schoenleitner (Austria) Austria, Belarusa, Belgium, Czech Republic, Hungary, Kosovo, The Executive Directors are responsible for conducting the day-to-day business of the World Bank. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. c5 \EuM It also provides technical assistance and policy advice and superviseson behalf of . endstream
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Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. <<
The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. Japan became one of the largest shareholders. >>
Similarly to the IMF, member countries are allocated votes at the . /E 110443
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=3TnD7t^KlL4Y3KD{/C{}? The President of the World Bank Group serves as Chairman of the Board. hYmo7+HzkPa@ij8H#CGD>QGy%C With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. They make decisions on all matters, including policy, financial or membership issues. Gifts are tax deductible to the full extent allowable under the law. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Mr. Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. Progress towards gender equality over the past 50 years. Vice President, Development Finance. 0000110199 00000 n
Click here for more information. The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. /SA false
They exercise powers delegated by the Boards of Governors. A roster of the leadership across the organization, organized by institution. Presentation of the East Asia and Pacific (EAP) Economic Update Report by EAP Chief Economist Aaditya Mattoo and Senior Economist Ergys Islamaj. 0000001573 00000 n
The organizations that make up the World Bank Group are owned by the governments of member nations. 0000000924 00000 n
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In 1990, the World Bank established its first programmatic trust fund the Policy and Human Resources Development (PHRD) Fund, entirely financed by Japan. However, Over the last two decades, at least 1.65 billion people have been affected by floods and 1.43 billion by droughts. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. /Info 26 0 R
The six largest shareholders of the Bank - the United States, Japan, China, Germany, France and the UK, as well as Russia and Saudi Arabia - each appoint an executive director to the Board. <<
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With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. /Widths [ 313 0 0 0 0 0 0 0 0 0 0 0 0 0 303 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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The World Bank Group Boards of Directors refers to four separate Boards of Directors, namely the Board of the International Bank for Reconstruction and Development (IBRD), the International Development Agency (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). 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. The World Bank Group works in every major area of development. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. /Length 155
Other meetings such as Board Committee meetings are held at various other times whenever required. /ProcSet [ /PDF /Text ]
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The Office also comprises a senior executive assistant and program assistants who provide administrative support. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. /Root 31 0 R
The gigantic austerity drive underway . 0000071840 00000 n
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The Code of Conduct provides that, as these officials are entrusted with responsibilities as prescribed in the Articles of Agreement, By-Laws, and related documents of the organizations, their personal and professional conduct must comply with the standards and procedures set forth in the Code of Conduct. The 12 Directors of the ADB Board of Directors are elected by the Board of Governors. Pleased to meet with Minister Shunichi Suzuki of @MOF_Japan. {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. After a series of informal discussions on the basis of working papers prepared by the staff of the Bank, the Executive Directors decided that the Bank should convene consultative meetings of legal experts designated by member governments to consider the subject in greater detail. The World Bank's digital platform for live-streaming WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The Polish-Swiss Constituency consists of. This site uses cookies to optimize functionality and give you the best possible experience. WASHINGTON, April 27, 2023 The World Bank's Board of Executive Directors today discussed a new Country Partnership Framework for Bangladesh (2023-2027) and approved $1.25 billion financing in three new projects. This site uses cookies to optimize functionality and give you the best possible experience. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. >>
Before you leave, wed love to get your feedback on your experience while you were here. The World Bank operates day-to-day under the leadership and direction of the president, management and senior staff, and the vice presidents in charge of Global Practices, Cross-Cutting Solutions Areas, regions, and functions. h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@
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W|# 0C; The past 70 years have seen major changes in the world economy. This site uses cookies to optimize functionality and give you the best possible experience. These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. The World Bank Group is a consortium of five different international organisations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of /FontWeight 400
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Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Executive Director Alternate Louise LEVONIAN Donna HARRIS Antigua and Barbuda + Guyana (Canada) (Guyana) Bahamas, The Ireland BarbadosJamaica + Belize St. Kitts and Nevis The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, Technology is bringing opportunity, paving the way to create new jobs, increase productivity, and improve public service delivery. In a Project Syndicate op-ed, three World Bank Executive Directors (Wempi Saputra, Erivaldo Alfredo Gomes, and Abdoul Salam Bello), representing 41 client countries across Asia, Africa, and Latin America, called for an IBRD capital increase alongside an IDA replenishment and greater mobilization of private finance. The World Bank is like a cooperative, made up of 189member countries. The World Bank Group works in every major area of development. endobj
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mn?|)jM Pursuant to the Code of Conduct, the Board has established an Ethics Committee to address ethics matters concerning Board Officials in order to ensure sound governance pursuant to the Code of Conduct. Executive Directors (or Alternates) fulfill a dual function, as officials of the Bank and as representatives of the member country or countries that appointed or elected them. They discussed Japan- WB partnership digital issues, including digital development, cybersecurity and Total public debt stands at an alarming 50-year high in low- and middle-income economies, the equivalent of more than 200 percent of government revenues. >>
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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. hj0_H-[PrkY{; This paper examines the role of social protection (SP) in Small Island Developing States (SIDS), given their particular structural, human resource and capacity constraints. The rules adopted for each regular election are approved in advance of the election by a majority vote of the Boards of Governors. Phenomenal World. /Contents [ 45 0 R 46 0 R ]
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DP^!r% In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. Find out more about how you can participate. ,9U2[`l.Y%m}E]ii0Bx90s| P~~"/(d=*:V7u7Ij 48dF
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0ELD-H6*MEPj#vjxH. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. Environment Analysis. The Office also comprises a senior executive assistant and program assistants who provide administrative support.
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There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. In the event that an Executive Director elected during the regular election terminates service before the next regular election, the constituency affected by the vacancy holds an interim election for a successor. Under theArticles of Agreementof 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. 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. Such interim elections are conducted either by mail vote or during an Annual Meeting that does not fall in a regular election year. 0000002283 00000 n
Shares are allocated differently in each organization, resulting in differentvoting powers. %
The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). 36 0 obj
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The Board usually meets twice a week on Tuesdays and Thursdays. /Type /Page
Thankful to the Government of #Japan , and the Japan International Cooperation Agency The Board usually meets twice a week on Tuesdays and Thursdays. >>
The president is the presiding officer, and ordinarily has no vote except to break a tie. The Board of the World Bank consists of 25 executive directors. Development Projects Projects By Country By Sector By Theme Country Engagement The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. World Bank appointments 33 0 obj
Canada (English)/Canada (Franais) |Caribbean |Ireland|Jamaica|Latin America and the Caribbean|Small States, History of the Membership of the Current Constituency of EDS07, Some key takeaways from the 2020 Virtual Small States Forum held on October 8, 2020. His five-year term began on April 9. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j&
Read more on:Boards of Governors. /N 6
.sT]I ;%)BD*]Au69HXgTe%"DbT|:+RV#(9"!/(;Jq{/HxQ.fE1qqf(9G(HTF:" >EJb!yXu/oR We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. trailer
Global data and statistics, research and publications, and topics in poverty and development, Communiqu from the Small States Forum 2020, World Bank Group-IMF Annual Meetings in Morocco Postponed until 2022, Women, Business and the Law - 50 Years of Women's Rights, The World Bank Group committed to diversity and inclusion and equity, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), The 2022 World Bank Group Spring Meetings: Strengthening the Case for Globalism, Addressing Challenges to Growth, Security and Stability, Toward an Inclusive World: Collecting Better Data on Disability, Floods and Droughts in the Era of Climate Change, The Adaptation Principles: 6 Ways to Build Resilience to Climate Change. This number is expected to increase. 0000022918 00000 n
Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. He is of the strong conviction that it is in all people's interest to . >>
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Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund "Development Committee". 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000. /XHeight 1000
19 April 2023 . Lakshmi Shyam-Sunder. On July 28, 2020, he was elected to serve a second term of five years, beginning on Jan. 16, 2021. The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y
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The position is usually held by the countrys minister of finance. Other meetings such as Board Committee meetings are held at various other times whenever required. Presently, IBRD Board consists of 25 Executive Directors. /CropBox [ 0 0 612 792 ]
Click on a country on the map to find out more information about its current World Bank Executive Director and their office. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The World Bank Group works in every major area of development. Vice President and World Bank Group Chief Risk Officer. TheCode of Conduct for Board Officials(pdf) that took effect on November 1, 2022, supersedes the Code of Conduct of the Bank and the Association, and the Boards of the Corporation and the Agency respectiively, on October 19, 2018, as amended on August 6, 2021. 31 0 obj
Member countries of the World Bank Group appoint or elect Executive Directors to the Boards of the International Bank for Reconstruction and Development (IBRD), the International Development Agency (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). The remaining five new executive directors - Richard Murray of Australia, Peter Gakunu of Kenya, Ge Huayong of China, Javier Silva-Rueta of Peru and Laurean Rutayisire of Rwanda - have all moved into their positions after serving as alternates for their constituencies. Appointment of executive directors There are currently 24 EDs on the board, one each for the five largest shareholders at the Bank- US, Japan, Germany, France and UK (see box). Mr. 0000108174 00000 n
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20 April 2023 . JSDF is an official development assistance program funded for World Bank by the government of Japan. The Office has a dual responsibility. The Executive Director represents Japan in the Executive Boards of the World Bank Group. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The AFG1 Constituency 22 countries are Botswana, Burundi, Eritrea, Eswatini, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Rwanda, Seychelles, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Uganda, Zambia, and Zimbabwe. Bank Information Center is a 501(c)(3) organization. endobj
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With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. They meet once a year at theAnnual Meetingsof the Boards of Governors of the World Bank Group and theInternational Monetary Fund. The Annual Meetings bring together central bankers, ministers of finance and development, private sector executives, civil society, media and academics to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, inclusive economic growth and job creation, climate change, and others. The Corporate Secretariat is responsible for coordinating the process of membership as well as assisting members to complete their subscriptions to their allocated shares under periodic capital increases in IBRD, IDA, IFC, and MIGA. /Type /FontDescriptor
Executive Directors (or Alternates) fulfill a dual function, as officials of the Bank and as representatives of the member country or countries that appointed or elected them. <<
You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. /PageLabels 27 0 R
The Executive Director is supported by the Alternate Executive Director,Senior Advisors and Advisors, who review and provide advice on policies, strategies and projects presented for consideration and approval by the Executive Board. Under theIBRD Articles of Agreement, each of the five members having the largest number of shares appoints an Executive Director, and the remaining members elect the other Executive Directors. Share. 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334
The Annual Meetings are usually held for two consecutive years at the WBG and IMF headquarters in Washington, D.C. and every third year in another member country. The voting power of each Member country is based on the number of shares it holds. Global data and statistics, research and publications, and topics in poverty and development, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA). Eight of the 12 are elected from within Asia and the Pacific and four others are elected from outside the region. 558 0 742 0 498 444 ]
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Like many large organizations, we know we can and must do better as an institution to increase our diversity and inclusion to tackle discrimination, racism, injustices, exclusion, and inequality, within the World Bank Group and in the countries we serve. The bank is headquartered in Washington, D.C. in the United States.It provided around $98.83 billion in loans and assistance to "developing" and . <<
If you continue to navigate this website beyond this page, cookies will be placed on your browser. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. To learn more about cookies, click here. 0000108280 00000 n
#>tAY76#l'N2Ui8T[ HHEM6CcYQ World Bank Executive Directors oversee the day-to-day operations of the World Bank, approving all lending operations, policies and strategies, and institutional budgets and audits. The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, . Furthermore, Senior Advisors and Advisors assist the Executive Directors in their work, who can, along with the Alternates to Executive Directors, attend most Board meetings in an advisory capacity, without voting rights. /OPM 1
Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. . Akihiko Nishio. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. /ID []
Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. The boards of directors consist of the World Bank Group president and 25 executive directors. The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Over that time, the World Bank Groupthe worlds largest development institutionhas worked to help more than 100 developing countries and countries in transition adjust to these changes by offering loans and tailored knowledge and advice. WASHINGTON, April 28, 2023The World Bank's Board of Executive Directors today approved a US$345 million loan that supports China's global public goods agenda by promoting the greening of agriculture and rural development in Hubei and Hunan provinces in central China.The program will reduce greenhouse gas (GHG) emissions from crop and livestock farming, increase carbon sequestration in . The government of Zimbabwe will "shortly conduct deeper and direct bilateral engagements with the capitals Washington DC, London and Brussels," Finance Minister Mthuli Ncube said in a presentation to IMF and World Bank executive directors. /Prev 159986
Conditionality Analysis. Most of them live in low- and middle-income countries. Headquarters We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES, Global data and statistics, research and publications, and topics in poverty and development, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), Multilateral Investment Guarantee Agency (pdf), Senior Managing Director, Development Policy and Partnerships, Managing Director and World Bank Group Chief Financial Officer, Managing Director and World Bank Group Chief Administrative Officer, Senior Vice President and World Bank Group Chief Economist, Senior Vice President and WBG General Counsel (LEG), Acting Vice President, Budget, Performance Review, and Strategic Planning, Acting Vice President, Ethics and Internal Justice Services (EIJ VPU), Vice President, Eastern and Southern Africa, Vice President, Western and Central Africa, Vice President, Latin America and Caribbean, Vice President, Middle East and North Africa, Acting World Bank Group Chief Information Officer and Vice President, Information & Technology Solutions, Vice President, Equitable Growth, Finance, and Institutions, Acting Director General, Independent Evaluation Group, Vice President for Finance and World Bank Group Controller, Vice President, World Bank Group People and Culture, Vice President and Auditor-General, Internal Audit, Vice President and Treasurer, World Bank andPension Finance Administrator, World Bank Group, Vice President, World Bank Group External and Corporate Relations, Vice President, Operations Policy and Country Services, Vice President and World Bank Group Chief Risk Officer, Secretary, World Bank Accountability Mechanism, Chief of Staff to the World Bank Group President, Vice President and Treasurer,Treasury & Mobilization, Vice President, Economics and Private Sector Development, Regional Vice President, Middle East, Central Asia, Trkiye, Afghanistan, and Pakistan, Regional Vice President for Asia and Pacific, Regional Vice President for Europe and Latin America and the Caribbean, Vice President and Chief Risk, Legal and Administrative Officer, Director and General Counsel, Legal Affairs and Claims, Director for Climate, Energy, Extractives, Financial and Capital Markets Operations, Director for Infrastructure, Manufacturing, Agribusiness, Services (MAS) and Trade Operations, Vice President, Compliance Advisor/Ombudsman.
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