The Executive Directors operate in continuous session and meet in accordance with ¶¹ÄÌÊÓƵAPP's requirements and needs.
Executive Directors consider and decide on the following:
- IBRD loans;
- IDA credits and grants;
- IFC investments;
- MIGA guarantees; and
- Policies and strategic issues that impact the World ¶¹ÄÌÊÓƵAPP Group¡¯s general operations.
In addition, the Executive Directors are also responsible for presenting to the Boards of Governors an audit of accounts, an administrative budget, and an annual report on the ¶¹ÄÌÊÓƵAPP's operations and policies as well as other matters at the Annual Meetings.
All Executive Directors are members of the Boards¡¯ Steering Committee that produces the Boards¡¯ Work Program.
Each Executive Director also serves on one or more of five standing committees:
- Audit Committee (AC) - 1 (pdf);
- Budget Committee (BC) - (pdf);
- Committee on Development Effectiveness (CODE) - (pdf);
- Committee on Governance and Executive Directors' Administrative Matters (COGAM) - (pdf); and
- Human Resources Committee (HRC) - (pdf).
Current Board Standing Committee Membership
The committees assist the Boards in overseeing and making decisions about the ¶¹ÄÌÊÓƵAPP Group¡¯s policies and procedures, financial condition, risk-management and assessment processes, adequacy of governance and controls, and effectiveness of development and poverty reduction activities. In addition, an Ethics Committee provides guidance on matters covered by the (pdf).
1 The terms of reference of the five committees are described in Resolution on Standing Committees (Resolution No. 2009-0002, Resolution No. IDA/2009-0002, Resolution No. IFC/2009-0037, Resolution No. MIGA/2009-0002).
External Review of the Board approved reforms
Last Updated: Dec 21, 2022
