Membership




All of the 193 UN members and Kosovo that are WBG members participate at a minimum in the IBRD. As of May 2016, all of them also participate in some of the other four organizations: IDA, IFC, MIGA, ICSID.,

WBG members by the number of organizations which they participate in:

  1. only in IBRD: None
  2. IBRD and one other organization: San Marino, Nauru, Tuvalu, Brunei
  3. IBRD and two other organizations: Antigua and Barbuda, Suriname, Venezuela, Namibia, Marshall Islands, Kiribati
  4. IBRD and three other organizations: India, Mexico, Belize, Jamaica, Dominican Republic, Brazil, Bolivia, Uruguay, Ecuador, Dominica, Saint Vincent and the Grenadines, Guinea-Bissau, Equatorial Guinea, Angola, South Africa, Seychelles, Libya, Somalia, Ethiopia, Eritrea, Djibouti, Bahrain, Qatar, Iran, Malta, Bulgaria, Poland, Russia, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan, Thailand, Laos, Vietnam, Palau, Tonga, Vanuatu, Maldives, Bhutan, Myanmar
  5. All five WBG organizations: the rest of the 138 WBG members

Non-members are: Andorra, Cuba, Liechtenstein, Monaco, State of Palestine, Vatican City, Taiwan, and North Korea.

Comments

Post a Comment

Popular posts from this blog

List of World Bank Directors-General of Evaluation

Christopher Willoughby, Successively Unit Chief, Division Chief, and Department Director for Operations Evaluation (1970–1976) Mervyn L. Weiner, First Director-General, Operations Evaluation (1975–1984) Yves Rovani, Director-General, Operations Evaluation (1986–1992) Robert Picciotto, Director-General, Operations Evaluation (1992–2002) Gregory K. Ingram, Director-General, Operations Evaluation (2002–2005) Vinod Thomas, Director-General, Evaluation (2005–2011) Caroline Heider, Director-General, Evaluation (2011–present)
Read more

Organizational structure

Image
Together with four affiliated agencies created between 1957 and 1988, the IBRD is part of the World Bank Group. The Group's headquarters are in Washington, D.C. It is an international organization owned by member governments; although it makes profits, these profits are used to support continued efforts in poverty reduction. Technically the World Bank is part of the United Nations system, but its governance structure is different: each institution in the World Bank Group is owned by its member governments, which subscribe to its basic share capital, with votes proportional to shareholding. Membership gives certain voting rights that are the same for all countries but there are also additional votes which depend on financial contributions to the organization. The President of the World Bank is nominated by the President of the United States and elected by the Bank's Board of Governors. As of 15 November 2009 the United States held 16.4% of total votes, Japan 7.9%, Germany 4.5%,
Read more

Criticism

Image
The World Bank has long been criticized by a range of non-governmental organizations and academics, notably including its former Chief Economist Joseph Stiglitz, who is equally critical of the International Monetary Fund, the US Treasury Department, and US and other developed country trade negotiators. Critics argue that the so-called free market reform policies – which the Bank advocates in many cases – in practice are often harmful to economic development if implemented badly, too quickly ("shock therapy"), in the wrong sequence, or in very weak, uncompetitive economies. World Bank loan agreements can also force procurements of goods and services at uncompetitive, non free-market, prices.: 5 Other critical writers such as John Perkins, label the international financial institutions as 'illegal and illegitimate' and a cog of coercive American diplomacy in carrying out financial terrorism. In Masters of Illusion: The World Bank and the Poverty of Nations (1996), Cat
Read more