Finance Minister Jeroen Dijsselbloem represents the Netherlands on the World Bank Board of Governors, the Bank’s senior decision-making body. The governors, usually ministers of finance or development, meet twice a year. They have the power to admit and suspend members of the World Bank Group, increase or decrease the authorized capital stock, determine the distribution of the net income of the Bank, and decide on the World Bank Group’s overall strategic direction. Lilianne Ploumen, the minister for foreign trade and development cooperation, serves as alternate governor for the Netherlands.
World Bank Executive Director
The governor delegates responsibility for overseeing the day-to-day business of the Netherlands’ interests at the Bank to the executive director (ED) for the Netherlands. EDs reside in Washington and normally meet twice a week to decide on borrowing and financial questions, projects, and policies that impact World Bank Group general operations. The Netherlands’ representation on the Boards of IBRD, IFC and MIGA is shared with Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Macedonia, former Yugoslav Republic of Moldova, Montenegro, Romania, and Ukraine; the Netherlands shares its vote on the IDA board with those same countries except Bulgaria and Romania. Frank Heemskerk is the current ED for the Netherlands on the 25-member World Bank Board of Executive Directors, and Stefan Nanu of Romania is the alternate executive director.
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.
The Netherlands holds 2.22% of shares in the International Bank for Reconstruction and Development, with 2.13% of the voting power. It has 1.95% of the voting power in the International Development Association, the World Bank’s fund for the poorest countries. It holds 2.34% of the shares and 2.24% of the voting power in the International Finance Corporation, the Bank’s private sector arm. And it has 2.16% of the shares and 1.85% of the voting power in the Multilateral Investment Guarantee Agency.
The Netherlands executive director, also representing Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Montenegro, Romania and Ukraine, has a 4.4% voting share on the IBRD board, a 3.78% share on the International Finance Corporation board, and 5.37% share on the Multilateral Investment Guarantee Agency board. The Netherlands’ 4.28% voting share on the International Development Association board also covers Armenia, Bosnia and Herzegovina, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Montenegro, and Ukraine.
For the latest voting status, please visit the Voting Powers page.
For information on the Netherlands’ aid flows as a donor, please visit the Aid Flows Netherlands (PDF) page
Last Updated: Jun 28, 2013