Saudi Arabia has played an important role since it joined the World Bank Group on August 26, 1957. The Office and its Executive Director, Hesham Alogeel, represent this country in meetings at the World Bank and engages in direct consultations and negotiations with other Executive Offices in efforts to gain support for the World Bank's mission of reducing poverty.
Saudi Arabia is one of the larger shareholders of the World Bank amongst 189 member countries. Saudi Arabia achieved the status of a single-country constituency at the Executive Board in 1986 in recognition of its contributions to the world economy and international development.
Saudi Arabia participates in various funding programs of the World Bank Group. Because of its systemically important role in the global economy, Saudi Arabia is also a member of the Group of Twenty (G20). From time to time, the Saudi Executive Director has served as the Chair of the Board’s standing committees, and several of the past Saudi Executive Directors have served as Dean of the Board.
Last Updated: Dec 17, 2018