The Executive Directors are responsible for the World Bank and IMF daily activities in general. Five of the 24 EDs are appointed by the member countries having the largest number of shares in the Bank. The other countries are grouped into constituencies and represented by an Executive Director, elected every two years.
World Bank & IMF in the news
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.