With 189 member countries, staff from more 170 countries, and offices in over brunei investment agency board of directors 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 World Bank Group works in every major area of development.
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. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Each Executive Director appoints an Alternate Executive Director who has full power to act for him or her when he or she is not present.
The voting power of each Member country is based on the number of shares it holds. Shares are allocated differently in each organization, resulting in different voting powers. 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. November 1, 2007, supersedes the Code of Conduct and Ethics Committee Procedures approved in August 2003. 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. While the IFC Articles of Agreement and the MIGA Convention designate Boards of Directors, when referring to the World Bank Group Board members, they are collectively called Executive Directors.
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