AR17 FY17 Organizational Info2

Annual Report 2017
Organizational Information

Governors and Alternates of the World Bank

2

Executive Directors and Alternates of the World Bank and Their Voting Power

7

Development Committee Communique (October 10, 2015)

11

Development Committee Communique (April 16, 2016)

13

Officers of the World Bank

15

Organization Chart of the World Bank (June 13, 2016)

16

Annual Remuneration Disclosure Notice

17

Offices of the World Bank

20

International Bank for Reconstruction and Development Membership

27

International Development Association Membership

32

Country Eligibility for Borrowing from the World Bank

37

World Bank Expenditures by Organizational Unit

40

Contributions: Top-10 Trust Fund Donors

41

Governors and Alternates of the World Bank | June 30, 2017

Member Country

Governor

Afghanistan

Eklil Ahmad Hakimi

Mohammad M. Mastoor

Albania

Arben Ahmetaj

Elisabeta Gjoni

Algeria

Abderrahmane Raouya

Abdelhak Bedjaoui

Augusto de Sousa Archer Mangueira

Job Graca

Gaston Browne

Lennox Weston

Argentina

Luis Andres Caputo

Federico Sturzenegger

Armenia

Vache Gabrielyan

Armen Hayrapetyan

Australia

Scott Morrison

Kelly O'Dwyer

Austria

Hans Joerg Schelling

Harald Waiglein

Azerbaijan

Elman Siradjogly Rustamov

Shahin Mustafayev

Bahamas, The

Peter Turnquest

Simon Wilson

Ahmed Bin Mohammed Al-Khalifa

Yusuf Abdulla Humood

Bangladesh

Abul Maal A. Muhith

Kazi Shofiqul Azam

Barbados

Christopher P. Sinckler

Martin E. Cox

Belarus a

Vasily Matyushevsky

Vladimir Zinovsky

Belgium

Johan Van Overtveldt

Alexander De Croo

Belize

Dean O. Barrow

Yvonne Sharman Hyde

Benin

Abdoulaye Bio Tchane

Romuald Wadagni

Bhutan

Lyonpo Namgay Dorji

Nim Dorji

Bolivia

Mariana Prado Noya

Luis Alberto Arce Catacora

Bosnia and Herzegovina

Denis Zvizdic

Josip Grubesa

Botswana

Ontefetse Kenneth Matambo

Solomon M. Sekwakwa

Brazil

Henrique de Campos Meirelles

Ilan Goldfajn

Sultan Haji Hassanal Bolkiah

Abd Rahman Ibrahim

Vladislav Goranov

Dimitar Kostov

Burkina Faso

Hadizatou Rosine Coulibaly/Sori

Ambroise Kafando

Burundi

Domitien Ndihokubwayo

Leon Nimbona

Cabo Verde

Olavo Correia

Carlos Furtado

Cambodia

Pornmoniroth Aun

Vissoth Vongsey

Cameroon

Louis Paul Motaze

Charles Assamba Ongodo

Canada

Bill Morneau

Malcolm Brown

Central African Republic

Felix Moloua

Marie Laure Dengou

Chad

Ngueto Tiraina Yambaye

Christian Georges Diguimbaye

Chile

Rodrigo Osvaldo Valdes Pulido

Sergio Granados Aguilar

China

Jie Xiao

Yaobin Shi

Colombia

Mauricio Cardenas Santamaria

Luis Fernando Mejia Alzate

Comoros

Said Ali Said Chayhane

Fouady Goulame

Congo, Dem. Rep.

Henri Yav Mulang

Jean-Claude Masangu Mulongo

Congo, Rep.

Ingrid Olga Ghislaine Ebouka-Babackas

Calixte Nganongo

Costa Rica

Helio Fallas

Olivier Castro Perez

Côte d'Ivoire

Amadou Gon Coulibaly

Abdourahmane Cisse

Croatia

Zdravko Maric

Zeljko Tufekcic

Angola
Antigua and Barbuda

Bahrain

a

Brunei Darussalam
Bulgaria

a

a

a

Alternate

Member Country

Governor

Alternate

Cyprus

Harris Georgiades

Christos Patsalides

Czech Republic

Andrej Babis

Lenka Dupakova

Denmark

Ulla Tornaes

Martin Bille Hermann

Djibouti

Ilyas Moussa Dawaleh

Amareh Ali Said

Dominica

Roosevelt Skerrit

Rosamund Edwards

Dominican Republic

Isidoro Santana

Donald Guerrero

Ecuador

Patricio Rivera Yanez

Diego Martinez Vinueza

Egypt, Arab Rep.

Sahar Nasr

Dalia Khorshid

El Salvador

Francisco Roberto Lorenzana-Duran

Carlos Enrique Caceres

Equatorial Guinea

Eucario Bacale Angue

Milagrosa Obono Angue

Eritrea

Berhane Habtermariam

Martha Woldegiorghis

Estonia

Toomas Toniste

Marten Ross

Ethiopia

Abraham Tekeste

Ato Admasu Nebebe

Fiji

Aiyaz Sayed-Khaiyum

Makereta Konrote

Finland

Petteri Orpo

Kai Mykkanen

France

Bruno Le Maire

Odile Renaud-Basso

Gabon

Regis Immongault

Roger Owono Mba

Gambia, The

Amadou Sanneh

Lamin Camara

Georgia

Dimitry Kumsishvili

George Kvirikashvili

Germany

Gerd Mueller

Thomas Steffen

Ghana

Kenneth Ofori-Atta

Charles Adu Boahen

Greece

Dimos Papadimitriou

Ilias Xanthakos

Grenada

Keith C. Mitchell

Kim Frederick

Guatemala

Julio Hector Estrada

Julio Suarez-Guerra

Guinea

Kanny Diallo

Mohamed Lamine Doumbouya

Guinea-Bissau

Joao Alage Mamadu Fadia

Jose Adelino Vieira

Guyana

Winston Jordan

VACANT

Haiti

Jude Alix Patrick Salomon

Jean Baden Dubois

Honduras

Wilfredo Rafael Cerrato Rodriguez

Manuel de Jesus Bautista Flores

Hungary

Mihaly Varga

Agnes Anna Hornung

Iceland

Gudlaugur Thor Thordarson

Benedikt Johannesson

India

Arun Jaitley

Shri Shaktikanta Das

Indonesia

Sri Mulyani Indrawati

Bambang P.S. Brodjonegoro

Iran, Islamic Rep.

Ali Taieb Nia

Mohammad Khazaee Torshizi

Iraq

Abdulrazzaq A. Jaleel Essa

Ali Muhsin Ismail

Ireland

Paschal Donohoe

Derek Moran

Israel

Moshe Kahlon

Nadine Baudot-Trajtenberg

Italy

Ignazio Visco

Filippo Giansante

Audley Shaw

Everton McFarlane

Japan

Taro Aso

Haruhiko Kuroda

Jordan

Imad Najib Fakhoury

Saleh Al-Kharabsheh

Kazakhstan

Timur Suleimenov

Madina Abylkassymova

Kenya

Henry Kiplagat Rotich

Kamau Thugge

Jamaica

a

Member Country

Governor

Alternate

Kiribati

Teuea Toatu

Tukabu Tauati

Korea, Rep.

Dong Yeon Kim

Juyeol Lee

Kosovo

Avdullah Hoti

VACANT

Kuwait

Anas K. Al-Saleh

Abdulwahab Ahmed Al-Bader

Kyrgyz Republic

Adylbek Kasymaliev

Arzybek Kozhoshev

Lao PDR

Somdy Douangdy

Vathana Dalaloy

Latvia

Dana Reizniece-Ozola

Arvils Aseradens

Lebanon

Ali Hassan Khalil

Raed Khoury

Lesotho

Tlohelang Peter Aumane

Majakathata Simon Thakhisi

Liberia

Boima S. Kamara

Milton Weeks

Libya

VACANT

VACANT

Lithuania

Vilius Sapoka

Loreta Maskalioviene

Luxembourg

Pierre Gramegna

Arsene Joseph Jacoby

Macedonia, FYR

Dragan Tevdovski

Kocho Angjushev

Madagascar

Herilanto Raveloharison

Alexandre Randrianasolo

Malawi

Goodall E. Gondwe

Ben Botolo

Malaysia

Mohd. Najib Abdul Razak

Mohd. Irwan Serigar Abdullah

Maldives

Ahmed Zuhoor

Mohamed Jaleel

Mali

Boubou Cissé

Konimba Sidibe

Edward Scicluna

Alfred S. Camilleri

Marshall Islands

Brenson S. Wase

David Paul

Mauritania

El Moctar Ould Djay

Abass Sylla

Mauritius

Pravind Kumar Jugnauth

Dharam Dev Manraj

Mexico

José Antonio Meade Kuribreňa

Vanessa Rubio Márquez

Micronesia, Fed. Sts.

Sihna N. Lawrence

Senny Phillip

Moldova

Octavian Armasu

Veronica Vragaleva

Mongolia

Battogtokh Choijilsuren

Nadmid Bayartsaikhan

Montenegro

Darko Radunovic

Nikola Vukicevic

Morocco

Mohammed Boussaid

Mohammed Louafa

Mozambique

Adriano Afonso Maleiane

Rogerio Lucas Zandamela

Myanmar

U Kyaw Win

Khin Saw Oo

Carl Hermann Gustav Schlettwein

Ipumbu Shiimi

Malta

a

Namibia

a

a

David Adeang

Martin Hunt

Nepal

Gyanendra Bahadur Karki

Shanta Raj Subedi

Netherlands

Jeroen Dijsselbloem

Lilianne Ploumen

New Zealand

Steven Joyce

Gabriel Makhlouf

Nicaragua

Ivan Acosta Montalvan

Francisco J. Mayorga

Niger

Aichatou Boulama Kane

Ahmat Jidoud

Nigeria

Kemi Adeosun

Mahmoud Isa-Dutse

Norway

Borge Brende

Tone Skogen

Oman

Darwish Ismail Al Balushi

VACANT

Pakistan

Mohammad Ishaq Dar

Tariq Mahmood Pasha

Palau

Elbuchel Sadang

Casmir Remengesau

Nauru

Member Country

Governor

Alternate

Papua New Guinea

Patrick Pruaitch

Dairi Vele

Paraguay

Lea Raquel Gimenez Duarte

Humberto Colman

Peru

Fernando Zavala Lombardi

Rossana Carla Polastri Clark

Philippines

Carlos G. Dominguez III

Amando M. Tetangco

Poland

Adam Glapinski

Piotr Nowak

Portugal

Mario Centeno

Ricardo Mourinho Felix

Ali Sharieff Al Emadi

Abdullah Bin Saoud Al-Thani

Romania

Viorel Stefan

Liviu Voinea

Russian Federation

Anton Siluanov

Alexey Ulyukaev

Rwanda

Claver Gatete

Uzziel Ndagijimana

Sili Sala Epa Tuioti

Iulai Lavea

Andrea Zafferani

Dario Galassi

São Tomé and Príncipe

Americo d'Oliveira dos Ramos

Ana Maria da Conceicao Silveira

Saudi Arabia

Mohammed A. Al-Jadaan

Ahmed A. Alkholifey

Senegal

Amadou Ba

Daouda Sembene

Dusan Vujovic

Rasim Ljajic

Qatar

a

Samoa
a

San Marino

Serbia
a

Louis Rene Peter Larose

Caroline Abel

Sierra Leone

Momodu L. Kargbo

Edmund Koroma

Singapore

Heng Swee Keat

Ching Yee Tan

Slovak Republic

Peter Kazimir

Jan Toth

Slovenia

Mateja Vranicar Erman

Gorazd Rencelj

Solomon Islands

Snyder Rini

Harry Degruit Kuma

Somalia

Abdirahman Duale Beileh

Bashir Isse

South Africa

Malusi Gigaba

Lungisa Fuzile

South Sudan

Stephen Dhieu Dau

Kornelio Koryom

Spain

Luis De Guindos

Irene Garrido Valenzuela

Sri Lanka

Mangala Samaraweera

M. I. M. Rafeek

St. Kitts and Nevis

Timothy S. Harris

Hillary Hazel

St. Lucia

Allen M. Chastanet

Ubaldus Raymond

St. Vincent and the Grenadines

Camillo Gonsalves

Laura Anthony-Browne

Sudan

Bader Eldin Mahmoud Abbas

Abedrahman Hassan Abedrahman

Gillmore Hoefdraad

Sieglien Burleson

Swaziland

Hlangusemphi Dlamini

Bheki Sibonangaye Bhembe

Sweden

Magdalena Andersson

Isabella Lovin

Switzerland

Johann N. Schneider-Ammann

Didier Burkhalter

Syrian Arab Republic

Mhd. Samer Al-Khalil

Mohammad Hamandosh

Tajikistan

Abdusalom Qurboniyon

Ashurboy Solehzoda

Tanzania

Philip Isdor Mpango

Doto Mgosha James

Thailand

Apisak Tantivorawong

Somchai Sujjapongse

Timor-Leste

Santina JRF Viegas Cardoso

Helder Lopes

Togo

Kossi Assimaidou

Aheba Johnson

Tonga

Tevita Lavemaau

Pilimilose Balwyn Fa'otusia

Trinidad and Tobago

Colm Imbert

Camille Robinson-Regis

Seychelles

Suriname

a

Member Country

Governor

Alternate

Tunisia

Mohamed Fadhel Abdelkefi

Kalthoum Hamzaoui

Turkey

Osman Celik

Turkmenistan a

Muhammetguly A. Muhammedov

Tuvalu

Maatia Toafa

Raci Kaya
Merdanguly Magtymgulyyevich
Palivanov
Letasi Iulai

Uganda

Matia Kasaija

Keith Muhakanizi

Ukraine

Stepan Kubiv

VACANT

United Arab Emirates

Hamdan bin Rashid Al-Maktoum

Obaid Humaid Al Tayer

United Kingdom

Priti Patel

Philip Hammond

United States

Andrew Baukol

VACANT

Danilo Astori

Pablo Ferreri

Galina Saidova

Ravshan Gulyamov

Gaetan Pikioune

Simeon Malachi Athy

Ramon Augusto Lobo Moreno

Eudomar Rafael Tovar

Vietnam

Minh Hung Le

Thi Hong Nguyen

Yemen, Rep.

Mohammed Saeed Al-Sadi

Nazar Abdulla Basuhaib

Zambia

Felix Mutati

Fredson K. Yamba

Zimbabwe

Patrick Anthony Chinamasa

Willard Lowenstern Manungo

Uruguay

a

Uzbekistan
Vanuatu
Venezuela, RB

a

Source: Corporate Secretariat, June 30, 2017.
a. Not a member of IDA

Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2017
IBRD
Executive Director

IDA

Alternate

Casting votes of

Total
votes

% of
total

Total
votes

% of
total

Karen Mathiasen

(Vacant)

United States

385,195

16.32

2,748,798

10.21

Kazuhiko Koguchi

Daiho Fujii

Japan

166,137

7.04

2,275,107

8.45

Yingming Yang

Minwen Zhang

China

107,287

4.55

592,628

2.20

Juergen Zattler

Claus Michael Happe

Germany

97,267

4.12

1,469,076

5.46

Hervé de Villeroché

Benoit Paul Eleuthere
Catzaras

France

91,097

3.86

1,026,486

3.81

Melanie Robinson

Clare Roberts

United Kingdom

91,097

3.86

1,676,710

6.23

Franciscus Godts
(Belgium)

Guenther
Schoenleitner
(Austria)

Austria, Belarusa, Belgium, Czech
Republic, Hungary, Kosovo,
Luxembourg, Slovak Republic,
Slovenia, Turkey

116,633

4.94

1,260,685

4.68

Fernando Jimenez
Latorre
(Spain)

Rodrigo Carriedo Haro Costa Rica, El Salvador,
(Mexico)
Guatemala, Honduras, Mexico,
Nicaragua, Spain, Venezuela
(Republica Bolivariana de)a

112,983

4.79

654,240

2.43

Frank Heemskerk
(Netherlands)

Claudiu Doltu
(Romania)

Armenia, Bosnia and Herzegovina,
Bulgariaa, Croatia, Cyprus,
Georgia, Israel, Macedonia (former
Yugoslav Republic of), Moldova,
Montenegro, Netherlands,
Romania, Ukraine

96,450

4.09

1,294,427

4.81

Jason Allford
(Australia)

Hoe Jeong Kim
(Republic of Korea)

Australia, Cambodia, Kiribati,
Korea (Republic of), Marshall
Islands, Micronesia (Federated
States of), Mongolia, Naurua, New
Zealand, Palau, Papua New
Guinea, Samoa, Solomon Islands,
Tuvalu, Vanuatu

96,402

4.08

1,044,792

3.88

Christine Hogan
(Canada)

Peteranne Tamara
Donaldson
(Jamaica)

Antigua and Barbudaa, The
Bahamas, Barbados, Belize,
Canada, Dominica, Grenada,
Guyana, Ireland, Jamaicaa,
St. Kitts and Nevis, St. Lucia,
St. Vincent and the Grenadines

85,125

3.61

1,196,905

4.44

Subhash Garg
(India)

Muhammad Musharraf Bangladesh, Bhutan, India, Sri
Hossain Bhuiyan
Lanka
(Bangladesh)

84,997

3.60

1,053,292

3.91

Appointed

Elected

IBRD
Total
votes

IDA

Executive Director

Alternate

Casting votes of

% of
total

Total
votes

% of
total

Patrizio Pagano
(Italy)

Nuno Mota Pinto
(Portugal)

Albania, Greece, Italy, Maltaa,
Portugal, San Marinoa, Timor-Leste

79,198

3.36

838,622

3.11

Otaviano Canuto
(Brazil)

Diana Quintero
(Colombia)

Brazil, Colombia, Dominican
Republic, Ecuador, Haiti, Panama,
Philippines, Surinamea, Trinidad
and Tobago

78,634

3.33

927,101

3.44

Susan Anette Ulbaek
(Denmark)

Martin Poder
(Estonia)

Denmark, Estonia, Finland,
Iceland, Latvia, Lithuania, Norway,
Sweden

74,606

3.16

1,442,217

5.36

Omar Bougara
(Algeria)

Nasir Mahmood Khosa Afghanistan, Algeria, Ghana, Iran
(Pakistan)
(Islamic Republic of), Morocco,
Pakistan, Tunisia

74,057

3.14

682,198

2.53

Werner Gruber
(Switzerland)

Paulina Gomulak
(Poland)

Azerbaijan, Kazakhstan, Kyrgyz
Republic, Poland, Serbia,
Switzerland, Tajikistan,
Turkmenistana, Uzbekistan

73,497

3.11

1,237,662

4.60

Andin Hadiyanto
(Indonesia)

Pornwasa Sirinupongs
(Thailand)

Brunei Darussalama, Fiji,
Indonesia, Lao People’s
Democratic Republic, Malaysia,
Myanmar, Nepal, Singapore,
Thailand, Tonga, Vietnam

71,009

3.01

793,436

2.95

Andrei Lushin
(Russian Federation)

Eugene B. Miagkov
(Russian Federation)

Russian Federation, Syrian Arab
Republic

70,343

2.98

101,674

0.38

Khalid Alkhudairy
(Saudi Arabia)

Turki Dhaifallah
Almutairi
(Saudi Arabia)

Saudi Arabia

67,198

2.85

885,267

3.29

Merza Hasan
(Kuwait)

Ragui El-Etreby
(Arab Republic of
Egypt)

Bahraina, Egypt (Arab Republic of),
Iraq, Jordan, Kuwait, Lebanon,
Libya, Maldives, Oman, Qatara,
United Arab Emirates, Yemen
(Republic of)

64,475

2.73

560,512

2.08

Maximo Torero
(Peru)

Daniel Pierini
(Argentina)

Argentina, Bolivia, Chile, Paraguay,
Peru, Uruguaya

49,666

2.10

593,205

2.20

Seydou Bouda
(Burkina Faso)

Jean-Claude
Tchatchouang
(Cameroon)

Benin, Burkina Faso, Cabo Verde,
Cameroon, Central African
Republic, Chad, Comoros, Congo
(Democratic Republic of), Congo
(Republic of), Côte d’Ivoire,
Djibouti, Equatorial Guinea, Gabon,
Guinea, Guinea-Bissau,
Madagascar, Mali, Mauritania,
Mauritius, Niger, São Tomé and
Príncipe, Senegal, Togo

45,368

1.92

1,155,700

4.29

IBRD
Executive Director

Alternate

Casting votes of

Andrew Bvumbe
(Zimbabwe)

Anne Kabagambe
(Uganda)

Botswana, Burundi, Eritrea,
Ethiopia, The Gambia, Kenya,
Lesotho, Liberia, Malawi,
Mozambique, Namibiaa, Rwanda,
Seychellesa, Sierra Leone,
Somalia, South Sudan, Sudan,
Swaziland, Tanzania, Uganda,
Zambia, Zimbabwe

42,472

1.80

1,098,122

4.08

Patience Bongiwe
Kunene
(South Africa)

Haruna Mohammed
(Nigeria)

Angola, Nigeria, South Africa

39,128

1.66

321,878

1.20

a.

Not a member of IDA.

Total
votes

IDA
% of
total

Total
votes

% of
total

In addition to the Executive Directors and Alternates shown in the foregoing list, the following also served after June
30, 2015.
Executive Director

End of period of service

Alternate

End of period of service

Shixin Chen
(China)

May 27, 2016

Janet Harris
(St. Kitts and Nevis)

November 1, 2015

Sung-Soo Eun
(Republic of Korea)

January 17, 2016

Daniel Kostzer
(Argentina)

April 27, 2016

Gwen Hines
(United Kingdom)

August 5, 2015

Wilhelm Michael Rissmann
(Germany)

August 31, 2015

Mohammad Tareque
(Bangladesh)

October 31, 2015

Roman Zhukovskyi
(Ukraine)

August 2, 2015

FOR IMMEDIATE RELEASE

DEVELOPMENT COMMITTEE
JOINT MINISTERIAL COMMITTEE
OF THE
BOARDS OF GOVERNORS OF THE BANK AND THE FUND
ON THE
TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES
1818 H Street, N.W., Washington, D.C. 20433

Telephone: (202) 458-2980; Fax:(202) 522 2804

Washington, DC, October 8, 2016
1. The Development Committee met today, October 8, in Washington, D.C.
2. Global economic growth remains sluggish in 2016, with only a modest pick-up expected in 2017. Demand has remained soft
despite highly stimulative monetary policies, foreign direct investment to developing countries has decreased, commodity
exporters are adjusting to declines in exports, and wider geopolitical and economic uncertainties are weighing on confidence. We
call on the World Bank Group (WBG) and the International Monetary Fund (IMF) to work jointly with countries to enhance
synergy among monetary, fiscal and structural reform policies, stimulate growth, create jobs, and strengthen the gains from
multilateralism for all.
3. We share a vision of the WBG as a premier development institution: it plays a key role in advancing policies essential for
sustainable growth, poverty reduction, and economic transformation; leads on global agendas; and helps ensure that the benefits of
globalization are widely shared. During the next 15 years, the development landscape will face critical shifts, including climate
change; natural disasters; pandemics; fragility, conflict and violence; migration and forced displacement; urbanization; and
demographic changes. Meeting these challenges, and rising to the ambition of the Twin Goals, the Sustainable Development
Goals (SDGs) and the COP21 Agreement, will require a better, stronger, and more agile WBG. This task will also require deeper
engagement and collaboration with international financial institutions and global partners, additional private funds, the ability to
harness technological change and increased country capacity to raise domestic resources. In this regard, we welcome the report to
Governors on the Forward Look: A Vision for the WBG in 2030.
4. We value the commitment to a more efficient and agile WBG that follows a risk-based approach, upholds standards, exploits
synergies across its institutions, and has a culture that supports these shifts. Resources should be strategically deployed to meet
global and client needs and targeted to areas of the world that most need funding and have least access to capital, with a tailored
value proposition to the full range of clients. The WBG should strengthen the knowledge agenda, including through enhanced
monitoring, learning and evaluation frameworks and South-South flows and help enhance countries’ crisis preparedness,
prevention and response frameworks. We expect a progress update on the Forward Look with clear results indicators at the 2017
Spring Meetings.
5. The private sector is essential to creating jobs and delivering higher living standards. Public policies that improve governance and
regulation, make markets more competitive, and increase openness and predictability are prerequisites to higher investment and
better development outcomes. We urge the WBG to take a Group-wide approach to help create markets, particularly in the most
challenging environments, and to mobilize private resources, including through guarantees, especially for quality infrastructure,
and for small and medium enterprises. Bringing together the joint capabilities of all WBG institutions is crucial to mobilizing
finance for development and delivering global public goods. We encourage the WBG to expand its strong collaboration with other
multilateral development banks (MDBs), in line with their recent declaration on infrastructure. We welcome the Global
Infrastructure Connectivity Alliance, announced in September 2016.
6. Mobilizing domestic resources and addressing illicit financial activities will be vital to unlocking finance for development: we
urge the WBG and IMF to foster policies and transparent institutions that advance these efforts and improve public expenditure
management. We applaud the WBG support to the Stolen Asset Recovery Initiative. We welcome the progress that the IMF and
WBG have made in reviewing the Debt Sustainability Framework for Low-Income Countries. We stress the important role that
technology and the private sector can play in achieving the Universal Financial Access 2020 goal.

7. An ambitious IDA18 replenishment is key for delivering the 2030 agenda. We advocate for a strong IDA18 replenishment, with a
broadened donor base. We welcome the innovative financing and policy package, including the proposal to enable IDA, which
has recently received milestone triple-A ratings, to tap into capital markets to complement its resources. We urge the WBG to
ensure a smooth transition as countries graduate from IDA. We also welcome the enhanced Crisis Response Window and the
proposal to scale up private sector activities, including an IFC and MIGA Private Sector Window.
8. Large movements of people constitute a shared, long-term challenge for countries at all levels of development. More than half the
world’s poor live in countries affected by fragility, conflict, and violence (FCV), where IDA support is particularly important. We
welcome proposals to double financial resources in these countries and to support, through tailored efforts to their specific needs,
refugees and the communities that host them. The WBG and the IMF should help tackle drivers of fragility, by improving
investment climates, strengthening local governance, rebuilding state institutions, broadening access to finance, and fostering
conflict prevention and resilience. The WBG should increase resources allocated to these efforts, enhance its capacity to work in
these environments, expand its work on forced displacement and migration and work closely with humanitarian partners.
9. We welcome the Global Crisis Response Platform, announced at the Leaders’ Summit on Refugees in September 2016, and urge
its rapid implementation. We expect it to provide scaled up, systematic, and better coordinated support to address crises, including
those arising from forced displacement, natural disasters and pandemics. The Global Concessional Financing Facility, the IDA
Crisis Response Window, and the proposed sub-regional window for refugees in IDA18 will be important for this effort. As part
of the Platform, we also welcome the launch of the Pandemic Emergency Financing Facility and look forward to its early start-up.
It will, together with upgraded efforts towards universal health coverage, fill a critical gap in health financing architecture.
10. We look forward to implementation of the WBG Climate Change Action Plan and support countries’ nationally determined
contributions under the COP21 agreement. We urge the WBG to continue to focus on building resilience while expanding
insurance schemes and increasing investments in climate-smart land use, green infrastructure, and sustainable cities. Small states
are disproportionately affected by natural disasters, including rising sea levels and extreme weather events. We ask the WBG and
IMF to continue supporting efforts to facilitate these countries’ access to climate finance for adaptation, mitigation and improved
disaster risk management.
11. Women still lag behind in most measures of economic opportunity, undermining national and global growth prospects. The
ambitions enshrined in the Twin Goals and the SDGs cannot be realized unless countries make significant progress in closing
gender gaps in key sectors. We strongly support the continued implementation of the WBG 2015 Gender Strategy and the
progress in diversifying WBG staff.
12. We welcome the approval of the Bank’s new Environmental and Social Framework, which reflects the most extensive
consultations ever conducted by the WBG. The standards expand protections for people and the environment in Bank-financed
investment projects and are part of a far-reaching effort by the WBG to improve development outcomes. We now ask the Bank to
focus on effective implementation, ensure appropriate financial and human resources to build staff and client capacity, establish a
robust accountability framework, and provide hands-on support where needed.
13. As part of the Voice reform, we remain committed to the Roadmap for implementation of the Shareholding Review that was
agreed at the 2015 Annual Meetings. We thank Executive Directors for completing their work on a dynamic formula that reflects
the evolution of the global economy and contributions to the WBG’s mission. We look forward to the next stage of discussions,
based on agreed shareholding principles, formula guidance, and the package of commitments in the Report to Governors on the
Dynamic Formula.
14. We also look forward to considering options to strengthen the financial position of the WBG institutions. We aim to conclude
these discussions no later than the 2017 Annual Meetings in line with the Roadmap endorsed in Lima.
15. We thank Mr. Bambang Brodjonegoro for his valuable leadership as Chairman of the Development Committee, and welcome his
successor, Ms. Sri Mulyani Indrawati, Minister of Finance of Indonesia, as its first female Chair. We congratulate Dr. Kim for his
reappointment as President of the World Bank Group for a second term.
16. The next meeting of the Development Committee is scheduled for April 22, 2017.

2

FOR IMMEDIATE RELEASE

DEVELOPMENT COMMITTEE
JOINT MINISTERIAL COMMITTEE
OF THE
BOARDS OF GOVERNORS OF THE BANK AND THE FUND
ON THE
TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES
1818 H Street, N.W., Washington, D.C. 20433

Telephone: (202) 458-2980
Fax:
(202) 522-1618

Washington, DC April 22, 2017
1. The Development Committee met today, April 22, in Washington, D.C.
2. The global economy is gaining momentum, but risks remain tilted to the downside. Further
improvements in the global outlook will require policies that foster inclusive and sustainable growth,
address financial vulnerabilities, and create jobs and economic opportunities for all. Actions to tackle
the adverse impact of the decline in correspondent banking relations are an important priority for many
countries. World Bank Group (WBG) and International Monetary Fund (IMF) advice and support are
important to advance such policies, deliver the 2030 agenda, and protect the most vulnerable.
3. Reducing inequality is necessary to ensure long-term and sustainable growth. Technological change,
trade, financial flows, and economic integration have helped boost incomes and have narrowed the
economic gaps between countries. But these gains have not always been shared evenly within countries.
We urge the WBG and IMF to redouble efforts to eradicate poverty and ensure that the benefits of
international economic integration are shared widely.
4. We welcome the implementation update on the WBG Forward Look. In October, we endorsed a vision
for a better, stronger, and more agile WBG and identified areas for improvement. We recognize the
progress so far in becoming a better WBG. We encourage continuing efforts, in coordination with
development partners, to implement and report on the Forward Look commitments and associated
policies to (i) prioritize private sector solutions when deploying scarce public resources, including for
infrastructure; (ii) strengthen domestic resource mobilization; (iii) support global public goods; (iv)
assist all WBG client segments; (v) be more agile, responsive, and results-focused in working across the
public and private sectors; and (vi) pay special attention to stabilizing the economy and supporting
growth in situations of fragility, conflict, and violence, as well as to the development needs of small
states.
5. We support the WBG’s scaled-up activities in the area of crisis preparedness, prevention, and response,
through investments to address the root causes and drivers of fragility by helping countries build
institutional and social resilience. We encourage further efforts to mobilize and rapidly disburse support
for countries, communities, and refugees that are affected by famine or forced displacement, in close
coordination with the UN and other partners. We acknowledge the various initiatives by the WBG to
strengthen the Humanitarian-Development-Peace nexus.
6. We are encouraged by the WBG’s efforts to become more efficient through reforms of its operational
and administrative policies and its People Strategy. We welcome the budget discipline introduced by

7. the Expenditure Review, acknowledge WBG efforts to ensure transparency and accountability in
tracking and reporting how it uses its scarce resources, and urge continued commitment on these fronts.
8. We also welcome progress and discussions to strengthen the WBG’s financial capacity. We are greatly
encouraged by the successful IDA replenishment negotiations. IDA18 delivered a record $75 billion
thanks to the generosity of partners and the plans to leverage IDA’s equity. Innovative measures
introduced, such as the Private Sector Window, will help catalyze additional resources for IDA
countries. We look forward to successful implementation that maximizes development impact.
9. We take note of the ongoing discussions to enhance the WBG’s financial capacity and enable it to deliver
on the ambition of the Forward Look. We ask the Board and Management to develop a set of options by
the Annual Meetings in October 2017.
10. We welcome the progress made in the Shareholding Review and recall our commitment to the principles
we endorsed in Lima toward a WBG that reflects the evolution of the global economy and contributions
to the WBG’s mission. We are encouraged by progress on diversity and inclusion in WBG staff and
management, and we support similar progress on gender diversity in the Executive Board.
11. The next meeting of the Development Committee is scheduled for October 14, 2017.

Officers of the World Bank | June 30, 2017

Name

Title

Jim Yong Kim

President

Joaquim Levy

Managing Director and World Bank Group Chief Financial Officer

Shaolin Yang

Managing Director and World Bank Group Chief Administrative Officer

Kristalina Georgieva

Chief Executive Officer

Paul Romer

Chief Economist and Senior Vice President

Sandie Okoro

Senior Vice President and World Bank Group General Counsel

Mahmoud Mohieldin

Senior Vice President for the 2030 Development Agenda, United Nations, and Partnerships

Antonella Bassani

Vice President, Budget, Performance Review, and Strategic Planning

Gonzalo Castro

Chairperson, Inspection Panel

Ousmane Diagana

Vice President and World Bank Group Chief Ethics Officer

Makhtar Diop

Vice President, Africa

Annette Dixon

Vice President, South Asia

Jorge Familiar Calderon

Vice President, Latin America and the Caribbean

Denis Robitaille

World Bank Group Vice President, Information and Technology Solutions, and Chief
Information Officer

Hafez Ghanem

Vice President, Middle East and North Africa

Keith Hansen

Vice President, Human Development

Caroline Heider

Director-General, Independent Evaluation Group

Victoria Kwakwa

Vice President, East Asia and Pacific

Bernard Lauwers

Vice President and World Bank Group Controller

Leonard McCarthy

Vice President, Institutional Integrity

Sean McGrath

Vice President, World Bank Group Human Resources

Cyril Muller

Vice President, Europe and Central Asia

Hiroshi Naka

Vice President and Auditor-General

Arunma Oteh

Vice President and Treasurer

Sheila Redzepi

Vice President, World Bank Group External and Corporate Relations

Hartwig Schafer

Vice President, Operations Policy and Country Services

Lakshmi Shyam-Sunder

Vice President and World Bank Group Chief Risk Officer

Axel van Trotsenburg

Vice President, Development Finance

Yvonne Tsikata

Vice President and Corporate Secretary

Laura Tuck

Vice President, Sustainable Development

Jan Walliser

Vice President, Equitable Growth, Finance, and Institutions

Organizational Chart
Effective June 9, 2017

Board of Governors

Caroline Heider
Director General
Independent Evaluation

Executive Directors

Sandie Okoro
Sr. Vice President &
WBG General Counsel

Yvonne Tsikata
Vice President
Corporate Secretary

Jim Yong Kim
President
Hiroshi Naka
Vice President &
Auditor-General
Internal Audit

Kristalina Georgieva
Chief Executive Officer
IBRD/IDA

Gonzalo Castro
Chairperson
Inspection Panel

Paul Romer
Sr. Vice President &
Chief Economist
Mahmoud Mohieldin
Sr. Vice President
2030 Development Agenda
UN Relations & Partnerships

Sean McGrath
Vice President
WBG Human Resources

Jorge Familiar Calderon
Vice President

Sheila Redzepi
Vice President
WBG External &
Corporate Relations

Hartwig Schafer
Vice President

Makhtar Diop
Vice President

Operations Policy and
Country Services

Africa

Latin America and
Caribbean

Human Development

Victoria Kwakwa
Vice President

Hafez Ghanem
Vice President

Laura Tuck
Vice President

East Asia and Pacific

Middle East & North Africa

Sustainable Development

Cyril Muller
Vice President

Annette Dixon
Vice President

Europe and Central Asia

South Asia

Keith Hansen
Vice President

Jan Walliser
Vice President
Equitable Growth, Finance
and Institutions

Joaquim Levy
Managing Director
& WBG Chief
Financial Officer

Shaolin Yang
Managing Director
& WBG Chief
Administrative Officer

Lakshmi Shyam-Sunder
Vice President &
WBG Chief Risk Officer

Antonella Bassani
Vice President

Group Chief Risk Officer

Budget, Performance
Review & Strategic Planning

Axel van Trotsenburg
Vice President
Development Finance

Arunma Oteh
Vice President &
Treasurer
Treasury

Bernard Lauwers
Vice President &
WBG Controller
WBG Finance & Accounting

Leonard McCarthy
Vice President
Institutional Integrity

Ousmane Diagana
Vice President &
WBG Chief Ethics Officer

WBG Ethics & Business
Conduct

Denis Robitaille
Vice President &
WBG CIO

WBG Information and
Technology Solutions

Annual Remuneration Disclosure Notice
Background
Effective as of fiscal 2007, the World Bank Group decided to disclose the remuneration of Executive
Management, Executive Directors, and staff in the annual report. The Annual Remuneration Disclosure Notice
contains the actual net salaries, annual World Bank Group contribution to the pension plan, and World Bank
Group contribution to benefits for the President, Executive Directors, Alternate Executive Directors, and staff at
Managing Director–level GK.
The Annual Remuneration Disclosure Notice format was developed by a team composed of members from
External and Corporate Relations; the Office of Ethics and Business Conduct; Human Resources Department of
Compensation and Performance; and Legal Institutional Administration. The Annual Remuneration Disclosure
Notice does not follow the exact Executive Compensation Disclosure requirements in U.S. Securities and
Exchange Commission (SEC) Regulations S-K, but is designed to provide a reasonable voluntary disclosure of
World Bank Group compensation and benefits.
The report also lists the staff salary structure with the overall average benefits at each grade level.

Calculation of Compensation and Benefits
Consistent with previous years, in fiscal 2017 the following assumptions were used to determine the annual World
Bank Group contribution to the pension plan and other benefits:
Executive Management Remuneration
1. Annual Net Salary: This shows the actual annual net salary as of June 30, 2017.
2. Annual World Bank Group Contribution to the Pension Plan: This represents the Bank Group’s estimated
contribution to the pension plan calculated as a percentage of salaries, as approved by the Pension
Finance Committee. For fiscal 2017 the overall Staff Retirement Plan (SRP) contribution rate is 29.99
percent as provided by Treasury. The World Bank Group pension contribution increased from 29.87
percent in fiscal 2016 to 29.99 percent in fiscal 2017. SRP contribution rates are determined using an
adjusted value of pension plan assets based on an averaging methodology. 1
3. The estimated contribution split between gross and net plan participants is 29.53 percent for gross plan
and 33.01 percent for net plan as estimated by the Bank Group’s Principal Actuary.
4. Thus, for Executive Management in the gross plan (Philippe H. Le Houerou, Roland K. Peters), the fiscal
2017 pension contribution is estimated at 29.53 percent. For the rest of management, who are in the net
plan, the pension contribution is estimated at 33.01 percent.
The Annual World Bank Group Contribution to Other Benefits: This is an estimate of the Bank Group’s
contribution to benefits (excluding pension, tax allowances of 11.13 percent, and separation grant of 1.33
percent for those not eligible). The historical average benefits, excluding pension, is 36.61 percent of
salary.

Next Steps
The enclosed annual disclosure report will be published as part of the World Bank Annual Report and posted on
the accompanying website.

1

The Pension Finance Committee considered and approved a revised funding methodology in December 2009, which became effective for
SRP valuations as of January 1, 2010, and contribution calculations as of July 1, 2010. The revised funding method is projected to further
stabilize the pattern of World Bank Group contributions, with the annual change in contribution rates expected to be approximately half that
under the previous method over the longer term. The new funding policy is based on the SRP’s actuarial asset value on a smoothed average
of the preceding five years; previously, the funding policy used a three-year average.

Remuneration of Executive Management, Executive Directors, and Staff
To recruit and retain highly qualified staff, the World Bank Group has developed a compensation and benefits
system designed to be internationally competitive, to reward performance, and to take into account the special
needs of a multinational and largely expatriate staff. The World Bank Group's staff salary structure is reviewed
annually by the Executive Directors, and if warranted, is adjusted on the basis of a comparison with salaries paid
by private financial and industrial firms and by representative public sector agencies in the U.S. market. After
analyses of updated comparator salaries, the Board approved an average increase in the salary structure of 2.5
percent for fiscal 2017, effective July 1, 2016, for Washington-based staff.
The annual salaries (net of taxes) of executive management of the World Bank Group (WBG) were as follows as
of June 30, 2017:
Executive Management: Annual Salaries (Net of Taxes, US$)
Annual net
salarya

Annual WBG
contribution to
pension planb

Annual WBG
contribution to
other benefitsc

Jim Yong Kim, President d

500,600

165,248

210,471

Sri Mulyani Indrawati, Managing Director and Chief
Operating Officer e

416,500

137,487

100,565

Bertrand Badre, Special Adviser, EXC f

416,500

137,487

100,565

Name and position

411,000

Philippe H. Le Houerou, Chief Executive Officer IFC

121,368

g

181,437

g

180,995

410,000

-

402,110

132,737

97,090

400,530

132,215

96,709

Keiko Honda, Executive Vice President and Chief Executive
Officer MIGA

400,360

132,159

96,668

Joaquim Vieira Ferreira Levy, Managing Director and WBG
Chief Financial Officer

400,000

132,040

96,581

Mahmoud Mohieldin, Senior Vice President for the 2030
Development Agenda, United Nations Relations, and Partnerships

399,800

131,974

96,532

393,160

116,100

100,170

Caroline Heider, Director General
Shaolin Yang, Managing Director and WBG Chief
Administrative Officer

393,010

129,733 g

94,893

390,000

128,739

94,166

Paul M. Romer, Sr Vice President & Chief Economist l

390,000

128,739

94,166

Sandra Ngozi Okoro Hopkins, Senior Vice President and
General Counsel m

375,000

123,788

90,544

256,770

n.a.

n.a.

222,120

n.a.

n.a.

Kristalina I. Georgieva, Chief Executive Officer IBRD/IDA h
Anne-Marie Leroy, Senior Vice President and General Counsel
Kaushik Basu, Sr Vice President & Chief Economist

Roland K. Peters, Senior Vice President, Operations

Executive Directors n
Alternate Executive Directors n

i

j

k

a. The salaries are set on a net-of-tax basis as WBG staff, other than U.S. citizens, are usually not required to pay income taxes on their WBG
compensation.
b. Approximate annualized WBG contribution made to the Staff Retirement Plan and deferred compensation plans from July 1, 2016 through
June 30, 2017.
c. Other benefits include annual leave; medical, life, and disability insurance; accrued termination benefits; and other nonsalary benefits. Other
benefits exclude tax allowances.
d. Dr. Kim's WBG contribution to other benefits includes a supplemental allowance of $89,600 to cover expenses. As a U.S. citizen, Dr. Kim's
salary is taxable and he receives a tax allowance to cover the estimated taxes on his salary and benefits. In addition to his pension, Dr. Kim
receives a supplemental retirement benefit equal to 5 percent of annual salary.
e. Ms. Indrawati retired from her position as Managing Director and Chief Operating Officer effective July 27, 2016. Her actual salary for the
period July 1, 2016, to July 27, 2016 was $30,370. The WBG contributed approximately $10,025 to her pension and $7,333 to other benefit
over the fiscal year.
f. Mr. Badre retired from his position as Special Adviser, Office of the President, effective September 8, 2016. His actual salary for the period
of July 1, 2016, to September 8, 2016 was $78,672. The WBG contributed approximately $25,970 to his pension and $18,996 to other benefit
over the fiscal year.
g. Pension benefits for these staff members are based on Staff Retirement Plan (SRP) provisions in effect prior to April 15, 1998.
h. Ms. Georgieva’s appointment to Chief Executive Officer of IBRD/IDA was effective January 3, 2017. Her actual net of tax salary for January
3, 2017, through June 30, 2017 was $202,722. The WBG contributed $48,948 to other benefits over the fiscal year. Ms. Georgieva is a

former Gross Plan retiree and she is not eligible to participate in the staff retirement plan. Ms. Georgieva received a scarce skills premium
in the amount of $40,544 for the period of January 3, 2017, through June 30, 2017.
i. Ms. Leroy retired from her position as Senior Vice President and General Counsel effective January 1, 2017. Her actual salary for the period
July 1, 2016, to January 1, 2017 was $201,055. The WBG contributed approximately $66,368 to her pension and $48,545 to other benefit
over the fiscal year.
j. Mr. Basu retired from his position as Senior Vice President and Chief Economist effective October 1, 2016. His actual salary for the period
July 1, 2016, through October 1, 2016 was $100,133. The WBG contributed approximately $33,054 and $24,177 to other benefit over the
fiscal year.
k. Mr. Peters retired from his position as Senior Vice President of Operations effective June 1, 2017. His actual salary for the period July 1,
2016, through June 1, 2017 was $360,397. The WBG contributed approximately $106,425 to his pension and $91,822 to other benefit over
the fiscal year.
l. Mr. Romer’s appointment to Senior Vice President and Chief Economist was effective September 26, 2016. His actual net of tax salary for
September 26, 2016, through June 30, 2017 was $297,917. The WBG contributed $98,342 to his pension and $71,932 to other benefit over
the fiscal year.
m. Ms. Okoro joined as Senior Vice President and General Counsel effective February 1, 2017. Her actual salary for the period of February 1,
2017, through June 30, 2017 was $142,708. The WBG contributed $47,108 to her pension and $34,457 to other benefit over the fiscal year.
Ms. Okoro is entitled to a recruitment bonus in the amount of $93,750, of which $62,500 was paid in this fiscal year.
n. These figures do not apply to the U.S. Executive Director and Alternate Executive Director, who are subject to U.S. congressional salary
caps.

As of June 30, 2017, the salary structure (net of tax) and annual average net salaries/benefits for World Bank Group
staff were as follows:
Staff Salary Structure (Washington, DC)

Grades Representative job titles

Minimum
(US$)

Market
Staff at
Average
reference Maximum grade salary/grade
(US$)
(US$)
level (%)
(US$)

Average
benefita
(US$)

GA

Office Assistant

26,300

37,600

48,900

0.03

38,000

21,078

GB

Team Assistant, Information Technician

32,200

46,000

59,800

0.31

45,738

25,370

GC

Program Assistant, Information Assistant

39,300

56,100

72,900

8.03

58,206

32,286

GD

Senior Program Assistant, Information
Specialist, Budget Assistant

46,500

66,400

86,300

7.06

71,825

39,840

GE

Analyst

63,000

90,000

117,000

12.19

82,566

45,798

GF

Professional

83,200

118,900

154,600

23.19

108,117

59,971

GG

Senior Professional

110,700

158,200

205,700

30.59

149,923

83,160

GH

Manager, Lead Professional

151,200

216,000

280,800

15.89

212,482

117,860

GI

Director, Senior Advisor

229,900

287,400

344,900

2.17

281,686

156,246

GJ

Vice President
Managing Director, Executive Vice
President

276,900

325,800

374,700

0.42

349,688

193,965

307,900

362,200

416,500

0.10

396,574

286,607

GK

Note: Because WBG staff, other than U.S. citizens, usually are not required to pay income taxes on their WBG compensation, the salaries are
set on a net-of-tax basis. These salaries are generally equivalent to the after-tax take-home pay of the employees of the comparator
organizations and firms from which WBG salaries are derived. Only a relative small minority of staff will reach the upper third of the salary range.
a. Includes medical, life and disability insurance; accrued termination benefits; and other non-salary benefits. Excludes tax allowances.

Offices of the World Bank
Washington, DC
1818 H Street NW
Washington, DC 20433, USA
Tel: (202) 473-1000
Web: http://www.worldbank.org
New York
Mr. Bjorn Erik Gillsater
The World Bank Group
1 Dag Hammarskjold Plaza
885 2nd Avenue, 26th Floor
New York, N.Y. 10017, U.S.A.
Tel: (212) 317-4720
Fax: (212) 317-4733
E-mail: bgillsater@worldbankgroup.org
* Europe
Mr. Mario Sander
The World Bank
66 avenue d’Iéna
75116 Paris, France
Tel: (33-1) 40 69 30 21
E-mail: msander@worldbankgroup.org
Web: http://www.worldbank.org/europe
Berlin
Mr. Rainer Venghaus
The World Bank
Reichpietschufer 20
10785 Berlin, Germany
Tel: +49 (0)30 72614 250
E-mail: rvenghaus@worldbankgroup.org
Web: http://www.worldbank.org/en/country/germany
Brussels
Mr. Massimiliano Paolucci
The World Bank Group
Avenue Marnix 17
1000 Brussels, Belgium
Tel: (32-2) 552 00 52
Fax: (32-2) 552 00 25
E-mail: mpaolucci@worldbankgroup.org
Web: http://www.worldbank.org/eu
Geneva
Mr. Jos Verbeek
The World Bank
3 chemin Louis-Dunant
Post Office Box 66
1211 Geneva 20, Switzerland
Tel: (41-22) 748 1000
Fax: (41-22) 748 1030
E-mail: Jverbeek@worldbank.org
London
Mr. Andrew J. Felton
The World Bank Group
12th Floor, Millbank Tower
21-24, Millbank
London SW1P 4QP, England
Tel: (44-20) 7592 8400
Fax: (44-20) 7592 8420
E-mail: afelton@worldbankgroup.org
Web: www.worldbank.org/unitedkingdom
Rome
The World Bank
Via Labicana 110
00184 Rome, Italy
Tel: (39-06) 77 71 01
Fax: (39-06) 70 96 046
Web: http://www.worldbank.org/europe

Tokyo
Mr. Masato Miyazaki
Special Representative, Japan
The World Bank Group
10th Floor, Fukoku Seimei Building
2-2-2 Uchisaiwai-cho, Chiyoda-ku,
Tokyo 100-0011 Japan
Tel: (81-3) 3597-6650
Fax: (81-3) 3597-6695
E-mail: mmiyazaki@worldbankgroup.org
Web: http://www.worldbank.org/en/country/japan

* Australia
Mr. Michel Kerf
Country Director - Papua New Guinea &
Pacific Islands
The World Bank Group
Level 19, 14 Martin Place
Sydney NSW 2000, Australia
Tel: (61-2) 9235-6412
Fax: (61-2) 9235-6593
E-mail: Mkerf@worldbank.org
Web: http://www.worldbank.org/pi

* Afghanistan
Mr. Shubham Chaudhuri
The World Bank Group
Street No. 15, House No. 19
Wazir Akbar Khan
Kabul, Afghanistan
Tel: 93-70-113-3397
E-mail: schaudhuri@worldbank.org
Web: http://www.worldbank.org/af

* Austria
Ms. Linda Van Gelder
Country Director and Regional Coordinator for
Southeast Europe
The World Bank Group
31 Praterstrasse, 21st floor
1020 Vienna, Austria
Tel: (43-1) 217- 0700
Fax: (43-1) 217-0701
E-mail: lvangelder@worldbank.org
Web:
http://www.worldbank.org/en/region/eca/brief/worl
d-bank-group-in-vienna

Albania
Ms. Maryam Salim
The World Bank Group
Ibrahim Rugova Street, Villa No. 34
Tirana, Albania
Tel: (355-4) 2280 650/51
Fax: (355-4) 2240 590
E-mail: msalim1@worldbank.org
Web: http://www.worldbank.org/al
Algeria
Mr. Demba Ba
The World Bank Group
07, Chemin Macklay
Ben Aknoun
Algiers, Algeria 16306
Tel: (213) 21 79 51 53
Fax: (213) 21 79 51 59
E-mail: Dba@worldbank.org
Web: http://www.worldbank.org/dz
Angola
Ms. Clara Ana Coutinho De Sousa
Banco Mundial
Avenida Lenine N0 86, 70 andar, Ingombota
Luanda, Republica de Angola
(postal address: Caixa Postal 1331)
Tel: (244-222) 394-677
Fax: (244-222) 394-784
E-mail: cdesousa@worldbank.org
Web: http://www.worldbank.org/ao
* Argentina
Mr. Jesko S. Hentschel
The World Bank Group
Bouchard 547, 29th Floor
C1106ABG Buenos Aires, Argentina
Tel: (54-11) 4316-9700 / 4316-0600
Fax: (54-11) 4313-1233
E-mail: Jhentschel@worldbank.org
Web: http://bancomundial.org.arArmenia
Ms. Sylvie Bossoutrot
The World Bank Group
9 Grigor Lousavorich Street, 6th floor
Yerevan 0015, Armenia
Tel: (374-10) 520 992
Fax: (374-10) 521 787
E-mail: sbossoutrot@worldbank.org
Web: http://www.worldbank.org/am

Azerbaijan
The World Bank Group
90A Nizami Street
The Landmark III, 5th Floor
Baku, AZ1010, Azerbaijan
Tel.: (994-12) 492 1941
Fax: (994-12) 492 6873
Web: http://www.worldbank.org/az
* Bangladesh
Mr. Qimiao Fan
The World Bank
Plot E-32, Agargaon
Sher-e-Bangla Nagar
Dhaka 1207, Bangladesh
(postal address: G.P.O. Box 97)
Tel: (880-2) 5566-7777
Fax: (880-2) 5566-7778
E-mail: qfan@worldbank.org
Web: http://www.worldbank.org.bd
Belarus
Mr. Alexander Kremer
The World Bank
6 Rumyantseva Street
Minsk, 220034, Republic of Belarus
Tel: (375-17) 359-1950
Fax: (375-17) 3559-1962
E-mail: