Message from the Executive Director
As the Executive Director (ED) of the World Bank Board representing Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, I am pleased to invite you to visit our website to learn more about the Nordic and Baltic office at the World Bank Group.
Report from the Office of the Executive Director of the Nordic and Baltic Countries
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HISTORY OF THE MEMBERSHIP OF THE CURRENT CONSTITUENCY
The World Bank Group
Office of Executive Director of the Nordic and Baltic Countries — EDS20
1818 H Street, N.W. Mail Stop MC 13-1314
Washington, DC 20433 USA
Fax: +1-202-477-6818
eds20@worldbank.org
worldbank.org/eds20
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
Allocation of Votes by Organization
Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital. Votes are allocated differently in each organization.
IBRD: Each member receives 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 percent of the sum of basic votes and share votes for all members).
IFC: Each member receives votes consisting of share votes (one vote for each share of IFC's capital stock held by the member) plus basic votes (calculated so that the sum of all basic votes is equal to 5.55 percent of the sum of basic votes and share votes for all members).
IDA: Each member receives the votes it is allocated under IDA replenishments according to the rules established in each IDA replenishment resolution. Votes consist of subscription votes and membership votes.
MIGA: Each member receives votes consisting of share votes (one vote for each share of MIGA's capital stock held by the member) plus parity votes
Voting Status by Executive Director:
