President of the World Bank Group

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The President of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the Boards of Directors and for overall management of the World Bank Group. Traditionally, the World Bank Group President has always been an American citizen nominated by the United States, the largest shareholder in the World Bank Group. The nominee is subject to confirmation by the Board of Executive Directors, to serve for a five-year, renewable term. While most World Bank Group presidents have had banking experience, some have not.[1][2]

President of World Bank Group
World Bank logo.svg
World Bank Logo
David Malpass, World Bank Group President (cropped).jpg
Incumbent
David Malpass

since April 9, 2019
Term lengthFive years, renewable
Websitewww.worldbank.org

List of World Bank Group PresidentsEdit

Status
  Denotes an Acting President of the World Bank Group
# Portrait Name Dates Nationality Background Notes
1   Eugene Meyer 1946   United States Chair of the Federal Reserve,
Federal Reserve Board of Governors
Publisher of The Washington Post
First World Bank Group President
2   John J. McCloy 1947–1949   United States Lawyer,
US Assistant Secretary of War
First World Bank Group President with military background
3   Eugene R. Black, Sr. 1949–1963   United States Bank executive with Chase Manhattan Bank,
Executive director with the World Bank
4 George Woods 1963–1968   United States Bank executive with First Boston Corporation
5   Robert McNamara 1968–1981   United States US Secretary of Defense,
Business executive with Ford Motor Company
6 Alden W. Clausen 1981–1986   United States Lawyer,
President and CEO with Bank of America
7   Barber Conable 1986–1991   United States NY State Senator,
US Representative
8 Lewis T. Preston 1991–1995   United States Bank executive with J.P. Morgan & Co.
9   Sir James Wolfensohn 1995–2005   Australia
  United States[note 1]
Corporate lawyer, Banker First World Bank Group President born outside United States
First World Bank Group President from Australia
10   Paul Wolfowitz 2005–2007   United States Various cabinet and government positions;
US Ambassador to Indonesia,
US Deputy Secretary of Defense,
US Assistant Secretary of State
11   Robert Zoellick 2007–2012   United States Bank executive with Goldman Sachs,
Deputy Secretary of State,
US Trade Representative
12   Jim Yong Kim 2012–2019   South Korea
  United States
Korean-American physician and anthropologist,
Co-founder of Partners in Health,
President of Dartmouth College.[3]
First World Bank Group President born in Asia
First World Bank Group President from South Korea
  Kristalina Georgieva
Acting
2019   Bulgaria Chief Executive of the World Bank
European Commissioner for the Budget and Human Resources during Juncker Commission
European Commissioner for International Cooperation and Development during Barroso Commission
European Commissioner for Humanitarian Aid and Crisis Management during Barroso Commission.
First woman serving as the World Bank Group President
First acting World Bank Group President
First World Bank Group President born in Europe
First World Bank Group President from European Union and from Bulgaria.[4][5]
13   David Malpass 2019–present   United States Under Secretary of the Treasury for International Affairs
Chief economist at Bear Stearns

ReferencesEdit

  1. ^ Hurlburt, Heather (March 23, 2012). "Why Jim Yong Kim would make a great World Bank president". The Guardian. Retrieved March 23, 2012.
  2. ^ World Bank. "Leadership". World Bank Group. Retrieved July 17, 2012.
  3. ^ Reuters (April 16, 2012). "Jim Yong Kim chosen to head World Bank". CNN IBN. Retrieved April 16, 2012.
  4. ^ "Kristalina Georgieva Appointed Chief Executive Officer of IBRD/IDA". World Bank. Retrieved May 27, 2019.
  5. ^ "The World Bank's new CEO Kristalina Georgieva lays out her vision for an agile bank". Devex. April 17, 2017. Retrieved May 27, 2019.

NotesEdit

  1. ^ The World Bank President is traditionally an American citizen. Wolfensohn was naturalized as American citizen before taking office.

External linksEdit