Canada serves as a global model for stability, sustainable prosperity, and economic inclusion, and advances these ideals through its strong and longstanding partnership with the World Bank Group. Since 1945, Canada and the World Bank Group have worked together, with other member governments, to finance projects, design policies, and deliver programs to end poverty and create a world based on the principles of sustainable development.

The World Bank Group benefits from having among its leading members a country that has long been a strong proponent of multilateralism. Enshrining that concept as the foundation of the international order has been a hallmark of Canada's foreign policy since the end of World War II.

For Canada, membership in the world's premier multilateral development financing institution enables it to leverage not only its funds, but also its knowledge and capabilities for greater impact on poverty reduction and sustainable development worldwide. For its part, the World Bank Group recognizes Canada not only as a significant financial contributor but also as a steadfast partner in the effort to achieve its goals, which today are aimed squarely at targeting poverty reduction in the developing world.

Canada is a founding member of the World Bank and plays an important role in influencing its development priorities. Over 70% of Canada's official development assistance to international financial institutions goes to the World Bank Group.

Last Updated: Jun 04, 2013

Canada strongly supports the international community’s efforts to reduce poverty and boost shared prosperity through inclusive, sustainable economic growth and development. More than one-third of Canada's official development assistance is channeled through multilateral institutions such as the World Bank that build consensus around common interests including socioeconomic development, humanitarian crises, and security issues.

In close partnership with Canada, the World Bank Group has provided extensive support to vulnerable states such as Afghanistan and Haiti. Canada supports the Bank Group’s efforts to counter instability and promote security and a cleaner, healthier world.

Canada's strategic aid priorities are strongly reflected in its contributions to World Bank-managed trust funds. Between 2005 and 2012, almost two-thirds of such contributions went to governance, peace, and security. Top funds included the Afghanistan Reconstruction Trust Fund, African Capacity Building Foundation, and the Multi-Donor Trust Fund for Southern Sudan. About 12% of contributions went to sustainable economic growth and private sector development. 

Canada is a leading member and valued partner of the International Development Association (IDA), the World Bank’s fund for the poorest countries. Three-quarters of Canada’s trust fund contributions between FY08 and FY12 went to countries receiving help from IDA.

Between FY08 and FY12, Canada contributed to programs such as the Global Fund for AIDS, TB, and Malaria; the Global Environment Facility; and the Consultative Group on International Agricultural Research.

Last Updated: Jun 04, 2013


Canada’s Minister of Finance, the Hon. Joe Oliver, is Canada’s governor for the World Bank and is responsible for the management of Canada’s interests in the institution. The minister exercises his influence by exchanging views with fellow governors at the annual and spring meetings of the Board of Governors and of the Development Committee, as well as by engaging in direct discussions with the president of the World Bank.

Executive Director

The governor delegates day-to-day handling of Canada’s diverse interests at the Bank to the executive director for Canada. Executive directors reside in Washington and meet regularly throughout the year (normally at least twice a week) to review and act on lending operations, new policy directions, and financial matters. In keeping with the World Bank’s information disclosure policy, the monthly Board Calendar is a public document. 

At the Board level, Canada is responsible for its own interests and those of Ireland and 11 other Commonwealth countries. The Canadian executive director is elected to the Board by the governments of Canada, Ireland, and the Caribbean-region countries of Antigua & Barbuda, the Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts & Nevis, St. Lucia, and St. Vincent & the Grenadines. 

The Canadian executive director is supported in his or her functions by an alternate executive director from one of the Caribbean members of the constituency.

Canada’s Department of Finance coordinates input from the Department of Foreign Affairs, Trade and Development and channels Canada’s unified policy advice through the executive director to the World Bank’s senior management.

Shares and Voting Power

The World Bank Group has a weighted system of voting. All members of the Bank receive 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% of the sum of basic votes and share votes for all members). The voting power distribution differs from agency to agency within the World Bank Group.

Canada holds 3.28% of shares in the International Bank for Reconstruction and Development, with 3.13% of the voting power. It holds 2.61% of the voting power in the International Development Association, the World Bank’s fund for the poorest countries. It has 3.39% of the shares and 3.23% of the voting power in the International Finance Corporation, the Bank’s private sector arm. And it has 2.95% of the shares and 2.5% of the voting power in the Multilateral Investment Guarantee Agency.

For the latest voting status, please visit the Voting Powers page.

Last Updated: Jun 04, 2013