Traditionally, the World Bank President has always been been a U.S. citizen nominated by the United States.
The U.S. Secretary of the Treasury is the United States' governor for the World Bank. The governor is responsible for the management of the United States’ interests in the institution, exercising influence by keeping an open line of communication with the president of the World Bank and meeting with fellow governors at the annual and spring meetings of the Board of Governors and of the Development Committee.
The governor delegates day-to-day handling of the United States' diverse interests at the Bank to the Executive Director for the United States, who is nominated by the President of the United States and confirmed by the U.S. Senate. As an official of the World Bank Group, the U.S. Executive Director has a duty to support the mission of the institution, as well as to represent the interests of the United States.
The Board of Executive directors, who reside in Washington, D.C., meet regularly throughout the year (normally at least twice a week) to review and act on lending operations, new policy directions, and financial matters. In keeping with the World Bank Group’s access to information policy, the monthly Board Calendar is available to the public.
The U.S. Executive Director represents the United States on the 25-member Board of Directors of the World Bank Group. The Executive Director oversees the Bank’s governance and annual commitments of over $60 billion, $150-160 billion for COVID-19 response, as well as the implementation of the World Bank’s mission to end global poverty and promote broad-based economic growth.
The Executive Director is supported by an Alternate Executive Director and a team of advisors representing different U.S. government agencies including the U.S. Department of the Treasury, the U.S. Department of State, the U.S. Agency for International Development, and the U.S. Department of Commerce.
In order to deepen public understanding in the United States of the World Bank Group's work and to ensure that American concerns are reflected in the Bank Group's policy discussions, the Office of the U.S. Executive Director and the World Bank Group's Multilateral and International Affairs team meet regularly with nationally-based constituencies in the United States, including government officials, Members of Congress, and staff, as well as civil society organizations.
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.
For the latest voting status, please visit the Voting Powers page.
Last Updated: Dec 01, 2020