As part of the first phase of the voice and governance reforms of the World Bank, the International Bank for Reconstruction and Development (IBRD) Board of Governors approved a resolution increasing the number of elected Executive Directors and Chairs to 20 and 25 respectively, with a view to allowing that member countries in Sub-Saharan Africa be represented by three elected Executive Directors.
Accordingly, the third chair for Sub-Saharan Africa, at the Board of the World Bank, became effective during the second quarter of the financial year of the World Bank Group, on November 1, 2010, with three countries, Angola, Nigeria and South Africa, as the pioneer members. This is the third Annual report to be rendered to the Constituency Governors." Foreword by Mr. Mansur Muhtar, former Executive Director: Annual Report 2014 (pdf)
The report of the Executive Director presented to the governors during the Spring Meetings in April 2015, the first of such Report from Ms. Lourenco is also presented herewith: Report to the Executive Directors 2015 (pdf)
The staff of the Executive Director Office for Angola, Nigeria and South Africa are committed to working with the 189 World Bank member countries to present a consensus on development issues.