WORLD BANK | |
President, World Bank Group | Ajay Banga |
Senior Managing Director | Axel van Trotsenburg |
Managing Director of Operations | Anna Bjerde |
Managing Director and World Bank Group Chief Financial Officer | Anshula Kant |
Managing Director & WBG Chief Administrative Officer | Wencai Zhang |
Senior Vice President and World Bank Group Chief Economist | Indermit Gill |
Senior Vice President and WBG General Counsel (LEG) | Christopher Stephens |
Chairperson, Inspection Panel | Mark Goldsmith |
Vice President, Ethics & Internal Justice Services | Lisa Rosen |
Vice President, Eastern and Southern Africa | Victoria Kwakwa |
Vice President, Western and Central Africa | Ousmane Diagana |
Vice President, South Asia | Martin Raiser |
Vice President, Latin America and Caribbean | Carlos Felipe Jaramillo |
Vice President, Middle East and North Africa | Ousmane Dione |
Vice President, East Asia and Pacific | Manuela Ferro |
Vice President, Europe and Central Asia | Antonella Bassani |
Chief Information Officer and Vice President, Information & Technology Solutions | Amy Doherty |
Vice President, People | Mamta Murthi |
Vice President, Planet | Juergen Voegele |
Vice President, Prosperity | Pablo Saavedra |
Vice President, Infrastructure | Guangzhe Chen |
Vice President, Digital Transformation | Sangbu Kim |
Director General, Independent Evaluation Group | Sabine Bernabè |
Vice President for Finance and World Bank Group Controller | Pamela O’Connell |
Vice President, Integrity | Mouhamadou Diagne |
Vice President, WBG Human Resources | Radi Anguelova |
Vice President and Auditor-General, Internal Audit | Anke D'Angelo |
Vice President and Treasurer, World Bank andPension Finance Administrator, World Bank Group | Jorge Familiar |
Vice President, World Bank Group External and Corporate Relations | James Heimbach |
Vice President, Operations Policy and Country Services | Edward Mountfield |
Vice President and World Bank Group Chief Risk Officer | Lakshmi Shyam-Sunder |
Vice President, Development Finance | Akihiko Nishio |
Vice President and Corporate Secretary | Mercy Tembon |
Vice President, Budget, Performance Review & Strategic Planning | Samuel Munzele Maimbo |
Secretary, World Bank Accountability Mechanism | Orsolya Melinda Szekely |
Chief of Staff to the World Bank Group President | Coralie Gevers |
FAQs
What is the leadership structure of the World Bank? ›
As of 2022, the World Bank is run by a president and 25 executive directors, as well as 29 various vice presidents. IBRD and IDA have 189 and 174 member countries, respectively. The U.S., Japan, China, Germany and the U.K. have the most voting power. The bank aims loans at developing countries to help reduce poverty.
Who controls the World Bank Group? ›Member countries govern the World Bank Group through the Boards of Governors and the Boards of Executive Directors. These bodies make all major decisions for the organizations. To become a member of the Bank, under the IBRD Articles of Agreement, a country must first join the International Monetary Fund (IMF).
Who is the CEO of the World Bank Group? ›Ajay Banga, 14th President of the World Bank Group
Ajay Banga began his five-year term as World Bank Group President on June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic.
WORLD BANK | |
---|---|
President, World Bank Group | Ajay Banga |
Chairperson, Inspection Panel | Mark Goldsmith |
Vice President, Ethics & Internal Justice Services | Lisa Rosen |
Vice President, Eastern and Southern Africa | Victoria Kwakwa |
The World Bank Group consists of five organizations – the IBRD, International Development Association (IDA), International Financial Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Center for the Settlement of Investment Disputes (ICSID).
What are the five groups of World Bank? ›- International Bank for Reconstruction and Development (IBRD)
- International Development Association (IDA)
- International Finance Corporation (IFC)
- Multilateral Investment Guarantee Agency (MIGA)
- International Centre for Settlement of Investment Disputes (ICSID)
The United States was a leading force in the establishment of the International Bank for Reconstruction and Development (IBRD) in 1944 and remains the largest shareholder of the World Bank Group today.
What is the difference between the World Bank and the World Bank Group? ›The term "World Bank" generally refers to just the IBRD and IDA, whereas the term "World Bank Group" or "WBG" is used to refer to all five institutions collectively.
Who supervises the World Bank? ›The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. Generally, the governors are member countries' ministers of finance or ministers of development.
Which country has the highest debt in the World Bank? ›India takes the top spot. The world's most populous country owed $38.3bn to the WB at the end of 2022, down by almost $1.5bn from a year earlier. India's outstanding balance is almost double that of the next biggest debtor, Indonesia, with $20.6bn.
What are the criticism of the World Bank? ›
Criticisms of the World Bank
Conditionality: The World Bank has been criticized for attaching conditions to its loans and assistance, which are often referred to as "policy conditionality." Critics argue that these conditions can be onerous and may not reflect the needs and priorities of the recipient countries.
THE WORLD BANK MANDATE
World Bank assistance is generally long-term and is funded by member country contributions and by issuing bonds.
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The USA has by far the largest voting weight, with 371,743 votes, 17.11 percent, in the IMF (and 16.41 in the World Bank, IBRD). This is followed by Japan with 6.14 percent (7.87), Germany 6.00 percent (4.49), France and UK with 4.95 percent (4.31) and so on.
What is high income by the World Bank? ›A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$14,005 or more in 2023, calculated using the Atlas method. While the term "high-income" is often used interchangeably with "First World" and "developed country," the technical definitions of these terms differ.
What is the leadership structure of a bank? ›The typical organizational structure in a commercial bank is the following: a financial holding company (or bank holding company) at the top of the pyramid; below the holding company is the bank itself; finally, the bank may own subsidiary companies involved in credit card lending, commercial finance, and equipment ...
What is the structure and function of the World Bank? ›Together, IBRD and IDA form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries. IDA focuses on the world's poorest countries, while IBRD assists middle-income and creditworthy poorer countries.
Who runs the world banking system? ›The institutions of the World Bank Group are all run by a board of governors meeting once a year. Each member country appoints a governor, generally its minister of finance. Daily, the World Bank Group is run by a board of 25 executive directors to whom the governors have delegated certain powers.
What is leadership organization structure? ›A company's organizational structure is the hierarchy of the business's teams, leaders, managers, and individual contributors. Organizational structures determine what employees do, whom they report to, and how decisions are made.