The Nordic and Baltic countries are currently represented at the Executive Board by Susan Ulbaek , Executive Director (ED). In this capacity, she engages in direct consultations and negotiations with other Executive Directors and World Bank Group Management in setting the institution’s strategy and policy priorities.

The ED represents the constituency when considering and deciding on IBRD loan and guarantee proposals and IDA credit, grant and guarantee proposals made by the President, and it decides on policies that guide the Bank's general operations. The ED is also responsible for presenting to the Board of Governors, at the Annual Meetings, an audit of accounts, an administrative budget, and an annual report on the Bank's operations and policies as well as other matters. 

The Nordic-Baltic ED is member of the Budget Committee (BC). The BC assists the Boards in approving the respective budgets of IBRD, IDA, IFC and MIGA and in overseeing the preparation and execution of their business plans and provides guidance to management on strategic directions. The Nordic-Baltic chair is also a member of the Committee on Governance and Executive Directors' Administrative Matters (COGAM). COGAM's primary purpose is to assist the Boards in issues related to the governance of the institutions of the WBG, the Boards’ own effectiveness, and the administrative policy applicable to Executive Directors and their Alternates and Senior Advisors.

The ED is assisted in the Nordic-Baltic Office (NBO), by an Alternate ED, three Senior Advisors, four Advisors, an Executive Assistant and a Program Assistant.

Each year, the office reports to the constituency countries through an Annual Status Report. See Office Reports.

Last Updated: Nov 28, 2018

Allocation of Votes by Organization

Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital. Votes are allocated differently in each organization.

IBRD: Each member receives votes consisting of share votes (one vote for each share of the Bank's capital stock held by the member) plus basic votes (calculated so that the sum of all basic votes is equal to 5.55 percent of the sum of basic votes and share votes for all members).

IFC: Each member receives votes consisting of share votes (one vote for each share of IFC's capital stock held by the member) plus basic votes (calculated so that the sum of all basic votes is equal to 5.55 percent of the sum of basic votes and share votes for all members).

IDA: Each member receives the votes it is allocated under IDA replenishments according to the rules established in each IDA replenishment resolution. Votes consist of subscription votes and membership votes.

MIGA:  Each member receives votes consisting of share votes (one vote for each share of MIGA's capital stock held by the member) plus parity votes,calculated so that the aggregate number of votes of category 1 and category 2 members is the same. Members choose which category they want to join at the time of membership. Category 1 members were originally defined as developed countries and category 2 members as developing countries.

Voting Status by Executive Director:

• International Bank for Reconstruction and Development (IBRD) (pdf)
• International Development Association (IDA) (pdf)
• International Finance Corporation (IFC) (pdf)
• Multilateral Investment Guarantee Agency (MIGA) (pdf)