The World Bank Institute (WBI) was a "global connector of knowledge, learning and innovation for poverty reduction". The President is supported by staff members in the Office of the President.The Bank reorganization of 1972 marked the beginning of a system of Senior Vice Presidents to whom vice presidents reported. James David Wolfensohn 1995-06-01-2005-05-31Lewis Thompson Preston 1991-09-01-1995-05-04The presidents and their tenures are:Barber Benjamin Conable, Jr. 1986-07-01-1991-08-31Robert Bruce Zoellick 2007-07-01-2012-06-30Eugene Robert Black 1949-07-01--1962-12-31As the Bank grew more complex, the need for coordination grew. Malpass has served on the boards of the Council of the Americas, Economic Club of New York, National Committee on U.S.–China Relations, Manhattan Institute, and Gary Klinsky Children’s Centers, as well as various for-profit entities.
Spurred on the "greening" of the Bank.
WBI had four major strategies to approach development problems: innovation for development, knowledge exchange, leadership and coalition building, and structured learning.
By contrast, during the illness of LewisPreston in 1995, the Bank immediately named an acting president, Ernest Stern, who served until James Wolfensohn took over as president.The specific activities of each President have varied with each incumbent, reflecting his vision of the Bank as a development institution, his management style and the senior management structure he chose.The mandate for the President of the World Bank is contained in Section 5 of Article V of the Articles of Agreement for the International Bank for Reconstruction and Development. In practice, the Bank was still a small enough institution for all senior managers to have regular, direct access to the President on an informal basis. The President is supported by staff members in the Office of the President. Today's office staff, including assistants, counselors, schedulers, and advisers, traces its development back to Woods' staffing changes. Although there is no formal rule, the elections have generally followed the nomination of a candidate by the U.S. government. They have four children and share a strong family interest in development issues.Learn how the World Bank Group is helping countries with COVID-19 (coronavirus).Mr. He served as chief economist of Bear Stearns and conducted financial analyses of countries around the world.Mr. Mr. Malpass represented the United States in international settings, including the G-7 and G-20 Deputy Finance Ministerial, World Bank–IMF Spring and Annual Meetings, and meetings of the Financial Stability Board, the Organization for Economic Cooperation and Development, and the Overseas Private Investment Corporation.Before joining the U.S. Treasury, Mr. Malpass was an international economist and founder of a macroeconomics research firm based in New York City. Malpass and wife Adele Malpass, a journalist, live in Washington, D.C. World Bank Institute (WBI) was formerly known as Economic Development Institute (EDI), established on 11 March … The World Bank Group works in every major area of development.
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 mandate for the President of the World Bank is contained in Section 5 of Article V of the Articles of Agreement for the International Bank for Reconstruction and Development. He was a CPA and undertook advanced graduate work in international economics at the School of Foreign Service at Georgetown University and has studied Spanish, Russian, and French.Previously, Mr. Malpass served as the U.S. Deputy Assistant Secretary of the Treasury for Developing Nations and Deputy Assistant Secretary of State for Latin American Economic Affairs.
The reorganization of 1987, while significantly changing the internal structure of the Bank, continued the organization of the president's office, the system of senior vice presidents and (under a new name) the senior management body. Woods established the President's Council in 1964, consisting of the three vice presidents, the two special advisers, and the general counsel. He is the author of numerous articles on economic development. Meyer resigned abruptly in December 1946, and Harold Smith, the vice president who became acting president, died in January 1947. The initial term for the President is five years; succeeding terms can be five years or fewer. In September 1991 Lewis Preston established three managing directors, who in effect served as general vice presidents with authority to make any decisions that did not require a decision by the president himself. It aimed to inspire change agents and prepare them with essential tools that can help achieve development results. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. There is no mandatory retirement age.