The United Kingdom became a member of the International Bank for Reconstruction and Development (IBRD), the World Bank, in December 1945 and participated in the founding of the Bretton Woods institutions (World Bank and International Monetary Fund).
The UK and the World Bank are working together to scale up policies on a wide range of issues, including conflict prevention, governance, fitness and education, with the aim of enabling millions of people in poorer countries to get vaccinated and have access to roads. and drinking water. Matrix and teachers, among other benefits. The Bank Group’s experience, wisdom, and ability to act across sectors and countries help advance goals of human, economic, and sustainable progress around the world.
The United Kingdom is a member of the World Bank’s Fund for the Poorest, of the International Development Association (IDA), which it joined in 1960, of the International Finance Corporation (IFC) since 1956, of the Multilateral Guarantee Agency Investment Disputes (MIGA) since 1988 and the International Center for Settlement of Investment Disputes (ICSID) since 1967.
The United Kingdom remains a major shareholder in World Bank Group institutions and an influential partner in global efforts to reduce poverty.
World Bank London is working to promote consensus around the overseas progression timeline and build a platform for collaboration between the World Bank and the UK. It does this by promoting greater understanding of the World Bank’s project and activities and building relationships with key stakeholders such as government, members of Parliament, civil society organizations, think tanks, the personal sector, academia and the media. communication.
It also supports outreach activities, in collaboration with UK partners, such as organizing and supporting conferences, seminars and other occasions on progression topics. The workplace serves as an access point for teams in the UK who want to communicate with World Bank staff around the world or access the wealth of data published through the Bank, and answers questions from the media. It also aims to create opportunities for collaboration between the UK and the World Bank Group through co-financing, budgeting and joint analytical work in sectors and regions of mutual interest.
World Bank Governor
The World Bank Board of Governors is the Bank’s senior decision-making body. The Governors meet twice a year. The Governors have the power to admit and suspend members of the World Bank Group, increase or decrease the authorized capital stock, determine the distribution of the net income of the Bank, and decide on the World Bank Group’s overall strategic direction.
To touch the offices of Governors and Alternate Governors, please refer to this document.
World Bank Executive Director The Governor delegates responsibility for overseeing the day-to-day business of the United Kingdom’s interests at the Bank to the Executive Director (ED) for the United Kingdom. The ED is the Governor’s representative on the 25-member World Bank Board of Executive Directors. EDs reside in Washington and normally meet twice a week to decide on borrowing and financial questions, projects, and policies that impact World Bank Group general operations.
Shares and voting power The World Bank Group has a weighted voting system. All members of the Bank obtain votes consisting of percentage consistent votes (one vote per consistent percentage of the Bank’s capital held through the member) plus fundamental votes (calculated in such a way that the sum of all fundamental votes equals 5. 55 % of the sum of fundamental votes (votes and distribution of votes for all members). The distribution of electoral strength differs between agencies within the World Bank Group.
For the most recent voting status, visit the Voting Powers page.
For more data on UK aid flows as a donor, visit the AidFlows UK page.
Find out what the other institutions of the World Bank Group are doing in United Kingdom.
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