The Nordic and Baltic countries are currently represented at the Executive Board by Geir Haarde , Executive Director (ED). In this capacity, he engages in direct consultations and negotiations with other Executive Directors and World Bank Group Management in setting the institution’s strategy and policy priorities.
The ED represents the constituency when considering and deciding on IBRD loan and guarantee proposals and IDA credit, grant and guarantee proposals made by the President, and it decides on policies that guide the Bank's general operations. The ED is also responsible for presenting to the Board of Governors, at the Annual Meetings, an audit of accounts, an administrative budget, and an annual report on the Bank's operations and policies as well as other matters.
The Nordic-Baltic ED is a member of the Budget Committee (BC) and the Human Resources Committee (HRC). The BC assists the Boards in approving the respective budgets of IBRD, IDA, IFC and MIGA and in overseeing the preparation and execution of their business plans and provides guidance to management on strategic directions. The HRC strengthens the efficiency and effectiveness of the Boards in discharging its oversight responsibility on the World Bank Group’s (the WBG) Human Resources strategy, policies and practices and their alignment with the business needs of the organization.
The ED is assisted in the Nordic-Baltic Office (NBO), by an Alternate ED, three Senior Advisors, four Advisors, an Executive Assistant and a Program Assistant.
Last Updated: Apr 16, 2020