THE WORLD BANK. Begüm Çolak Göksu Köstepen Yiğit Özbulu Zeynep Çobanoğlu. THE WORLD BANK . World Bank Group’s are owned by member nations ’ governments . Member Nations have the ultimate decision making power in the all organizations including ; Policy Financial
Member countries manage the World Bank Group through the Boards of Governors and the Boards of Executive Directors.
According to the ‘’A Guide to the World Bank, Second Edition’’ which clarifies the World Bank Group, The World Bank is;
The International Bank for Reconstruction and Development is established in 1944.
MIGA meets this mandate by offering political risk insurance guarantees to investors and lenders.
Board of Governors delegates all powers to the Executive Directors but according to the Articles of Agreement but theycan’t;
They meet once in a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.
The eight private institutions are Brown University, Columbia University, Cornell University, Dartmouth College, Harvard University, Princeton University, the University of Pennsylvania, and Yale University.
After that on March 23, 2012, Barrack Obama nominated Kim as a next president of the World Bank.