This site will help you understand the important role of the United States at the World Bank Group and provide resources to U.S. businesses, civil society organizations, and the general public.
The United States was a leading force in the establishment of the World Bank in 1944 and remains the largest shareholder of the World Bank today. As the only World Bank shareholder that retains veto power over changes in the Bank’s structure, the United States plays a unique role in influencing and shaping development priorities.
Through the World Bank Group, the United States participates in addressing international development challenges of vital importance. The United States has a long history of generously supporting the World Bank Group's mission and has been a champion of the International Development Association (IDA), the Bank’s fund for the poorest, which provides low-interest loans and grants to developing countries for education, health, infrastructure, agriculture, communications, economic and institutional development.
The U.S. Executive Director is nominated by the President of the United States, confirmed by the U.S. Senate, and represents the United States on the Board of Directors of the World Bank Group. See detailed description of the governance structure of the World Bank Group.
As an official of the World Bank Group, the U.S. Executive Director has a duty to support the mission of the institution, as well as to represent the interests of the United States and enforce legislative mandates established by the U.S. Congress.
The U.S. Executive Director is supported by advisors who are detailees from the U.S. Department of the Treasury, U.S. Department of Commerce, U.S. Department of State, and the U.S. Agency for International Development, as well as World Bank administrative staff.