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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.


HIGHLIGHTS
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Publications October 11, 2019
2019 Annual Report

Report from the Office of the Executive Director of the Nordic and Baltic Countries

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News April 21, 2020
World Bank Group and COVID-19 (coronavirus)

Latest News, Stories and Blogs

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Executive Director
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Alternate Executive Director
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EXECUTIVE DIRECTOR OFFICE WEBSITES
By Country


HISTORY OF THE MEMBERSHIP OF THE CURRENT CONSTITUENCY

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    Denmark

    Membership Date
    March 30, 1946
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    Estonia

    Membership Date
    June 23, 1992
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    Finland

    Membership Date
    January 14, 1948
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    Iceland

    Membership Date
    December 27, 1945
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    Latvia

    Membership Date
    August 11, 1992
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    Lithuania

    Membership Date
    July 6, 1992
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    Norway

    Membership Date
    December 27, 1945
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    Sweden

    Membership Date
    August 31, 1951

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Contact

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

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In Depth

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

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Executive Director
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    Joergen Frotzler

    Alternate Executive Director
    Nationality: Sweden
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    Anna Dravniece

    Senior Advisor to the Executive Director
    Senior Advisor to the Executive Director Nationality: Latvia. Responsibilities: South Asian Countries, Governance, Domestic Resource Mobilization and Illicit Financial Flows, Anti-corruption, OFC Policy, Disruptive Technologies, Data and Statistics incl. Doing Business, Risk Management
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    Thorarinna Soebech

    Senior Advisor to the Executive Director
    Senior Advisor to Executive Director Nationality: Iceland. Responsibilities: African Coutntries (Francophone), Migration and Refugees, Human Rights, IDA, Environmental and Social Safeguards, Inspection Panel, CAO, Small States, CSOs, CODE, Steering Committee, COW
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    Joar L. Strand

    Senior Advisor to the Executive Director
    Nationality: Norway. Responsibilities: East Asia and Pacific countries, HRC, Ethics Committee, Climate, Environmental Sustainable Development, Blue Economy, Urban Development, Trust Fund Reforms, Energy, Maximizing Finance for Development
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    Sanne Helt

    Advisor to the Executive Director
    Nationality: Denmark. Responsibilities: Africa (Anglophone), Independent Evaluation Group, Gender, Education, Jobs and Youth, Health, Social Contracts and Social protection, Human Capital Project, CODE, COW, UN
  • Eeli Jaakkola Finnish Advisor

    Eeli Jaakkola

    Advisor to the Executive Director
    Advisor to Executive Director Nationality: Finland. Responsibilities: Middle East and North Africa (MENA), COGAM, Shareholding Review, Maximizing Finance for Development, Capital Increases, Development Outcome Framework, FCVs, MDB Collaboration, Migration and Refugees, Coalition of Finance Ministers on Climate Change
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    Jolita Klimaviciene

    Advisor to the Executive Director
    Advisor to Executive Director Nationality: Lithuania. Responsibilities European and Central Asian Countries, Private Sector Development, Strategic Budgeting for IFC & MIGA, Income allocation, Procurement, Strategy and Business Outlook
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    Martin Lindpere

    Advisor to the Executive Director
    Nationality: Estonia. Responsibilities: Latin America and Caribbean Countries, Debt, global outlook Macroeconomic Issues and Finance, Trade and Competitiveness, WDR20 Global Value Chains, Financial Market development, Disruptive Technology and Development, Jobs and Economic Transformation

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    Colleen J. Martin

    Senior Executive Assistant
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    Veronica Marchant

    Program Assistant
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Executive Director
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Untitled Document \ Iceland Norway Sweden Finland Estonia Latvia Lithuania Denmark

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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,calculated so that the aggregate number of votes of category 1 and category 2 members is the same. Members choose which category they want to join at the time of membership. Category 1 members were originally defined as developed countries and category 2 members as developing countries.

Voting Status by Executive Director:

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FEATURED

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