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List of President of the World Bank Group

02-MAY-2018 11:23
    World Bank Group

    The International Bank for Reconstruction and Development (IBRD) and its associate institutions are known as the World Bank Group. The IBRD along with IMF was established in December 1945. That is the reason that IMF and IBRD are known as the complementary institutions and Bretton woods Twins.

    The World Bank Group is consists of the five institutions namely;

    1. The International Bank for Reconstruction and Development (IBRD)-Established in Dec. 1945

    2. International Finance Corporation (IFC):- Established in July 1956

    3. International Development Association (IDA):- Established in Sept. 1960

    4. International Centre for Settlement of Investment Disputes (ICSID):- Established in Oct. 1966

    5. Multilateral Investment Guarantee Agency (MIGA):- Established in April 1988

    It is interesting to know that each institution of the World Bank Group has different number of members. As IBRD have 189 members currently. 

    Here it is interesting to know that all the Presidents of the World Bank Group have always been American because the USA is the largest shareholder in the World Bank Group.

    However the nominee by the USA is subject to confirmation by the Board of Executive Directors. The President of the World Bank Group is nominated for 5 year terms and can be re-elected on the post.

    Let’s see the List of all the Presidents of the World Bank Group;

     1. Eugene Meyer

     1946

     USA

     2. John J. McCloy

     1947–1949

     USA

     3. Eugene R. Black, Sr.

     1949–1963

     USA

     4. George Woods

     1963–1968

     USA

     5. Robert McNamara

     1968–1981

     USA

     6. Alden W.  Clausen

     1981–1986

     USA

     7. Barber Conable

     1986–1991

     USA

     8. Lewis T. Preston

     1991–1995

     USA

     9. Sir James Wolfensohn

     1995–2005

     USA

     10. Paul Wolfowitz

     2005–2007

     USA

     11. Robert Zoellick

     2007–2012

     USA

     12. Jim Yong Kim

     2012–present

     Korea Republic
     United States

    Jim Yong Kim is the 12th President of the World Bank Group. Jim Kim assumed his office in July 2012. In September 2016, the World Bank Group Board unanimously reappointed Jim Kim for a second 5 year term as President of this group.

    List of Members of the Nuclear Suppliers Group

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