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Overview

The United Kingdom (UK) became a founding  member of  the International Bank for Reconstruction and Development (IBRD) in December of 1945 and played a crucial role in helping found the Bretton Woods institutions (World Bank and International Monetary Fund). Today, the United Kingdom remains a major shareholder and an important and influential partner in global efforts to reduce poverty.

Additionally, the UK is also a member of the International Development Association (IDA), which it joined in 1960, the International Finance Corporation (IFC) as of 1956, the Multilateral Investment Guarantee Agency (MIGA) as of 1988 and the International Centre for Settlement of Investment Disputes (ICSID) as of 1967.

The UK and the World Bank Group work together to develop policies on a wide range of issues, such as conflict prevention, governance, health, and education -- trying to enable millions in the poorest countries to be immunized, gain access to roads and clean water, and become teachers, among other benefits. 

The Executive Director for United Kingdom, along with the other 24 members of the Board, is responsible for the conduct of the general operations of the Bank, and exercises powers delegated to him by the Board of Governors. Mr. Montgomery is a member of the Audit Committee (AC), and Vice-Chair of the Human Resources Committee (HRC).

Last Updated: Jun 22, 2021

THE OFFICE OF THE EXECUTIVE DIRECTOR (EDS03)

  • Richard Montgomery
    Richard Montgomery

    Executive Director: EDS03

  • David Kinder
    David Stephen Kinder

    Alternate Executive Director: EDS03


HISTORY OF THE MEMBERSHIP OF THE CONSTITUENCY OF EDS03

Highlights

The World Bank

Event | Jun 11, 2021

2021 G7 Summit.

This year, the United Kingdom has taken on the Presidency of the G7, the only forum where the world’s most influential and open societies and advanced economies are brought together for close-knit discussions.

The seven members (UK, USA, Canada, Japan, Germany, France and Italy, plus the EU) are all bound by shared values as open, democratic and outward-looking societies. 

The World Bank

EVENT | Jun 22, 2021

26th UN Climate Change Conference of the Parties (COP26)

The United Kingdom will host the 26th UN Climate Change Conference (COP26) in Glasgow, 31 October - 12 November 2021.

The UK is committed to working with all countries, civil society, companies and people to inspire climate action ahead of COP26.  The UK has been working closely with the World Bank’s shareholders and management to agree a new climate action plan which constitutes a paradigm shift in the work of the Group.

The World Bank

Gov.UK | Jun 16, 2021

Information on the research activities and funding opportunities offered by the FCDO.  Follow highlights of FCDO Research, Science and Technology on twitter

The World Bank

Press Release | Jun 18, 2021

The fifth UK-Ghana Business Council (UKGBC) was held on 15 June 2021 and co-chaired by the Vice President Mahamudu Bawumia and UK Minister for Africa James Duddridge.

The World Bank

Policy Paper | May 21, 2021

Global education is in crisis. COVID-19 has been the largest disruptor of education in modern history. At the height of school closures, 1.6 billion children and young people were out of education.

Latest Project Documents Approved by the Board

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Blogs

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Major Contracts Awards To United Kingdom By Fiscal Year

In Depth

The World Bank
Apr 22, 2021

Member Countries

The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues.

The World Bank
Apr 22, 2021

Boards of Directors

The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, ...

The World Bank

New Foreign, Commonwealth & Development Office will lead global action to ...

Foreign Secretary urges countries to step up alongside the UK to fight back against coronavirus and growing risk of famine in developing countries.

The World Bank

IDA19 is Supporting the World's Poorest Countries in the Time of COVID

The 500 million people living in extreme poverty in IDA countries remain at the center of IDA action