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Board of Executive Directors
The Board of Executive Directors is responsible for the conduct of the operations of the Bank and for this purpose may exercise all the powers delegated by the Board of Governors. The Board of Directors usually meets once a week and, among other duties, is responsible for approving loan and guarantee proposals, policies, country strategies, the administrative budget, setting interest rates, and making decisions on borrowings and other financial matters.
The Board of Directors is composed of 14 Executive Directors representing 48 member countries and also includes 14 Alternates, who have full power to act when their principals are absent.
The Board of Directors has five Standing Committees that review and discuss documents that are subsequently sent to the Board for approval. All 14 Chairs of the Board of Directors are members of each of the Standing Committees.
The work of the Board of Executive Directors is guided by the Regulations of the Board of Executive Directors, the Code of Conduct of the Board of Executive Directorsand the Consolidated Procedures and Terms of Reference of the Standing Committees.
In accordance with the Access to Information Policy, effective 1 January 2011, the Bank makes public the following records of the Board of Executive Directors:
- Agendas of the meetings of the Board of Executive Directors, Standing Committees of the Board and Donors Committee of the Multilateral Investment Fund
- Minutes of the meetings of the Board of Executive Directors, Standing Committees of the Board and Donors Committee of the Multilateral Investment Fund
- Reports by the Chairpersons of the Standing Committees of the Board of Executive Directors
- Documents commisioned by the Board of Executive Directors
