EDS22

The office of the Executive Director for the Kingdom of Saudi Arabia exercises oversight and fiduciary responsibility over the four World Bank Group (WBG) institutions: IBRD, IDA, IFC, and MIGA.

The Executive Board is responsible for the approval of WBG’s operations (such as lending, investment, guarantee); contributes to WBG’s policy formulation; guides its operational strategies; and exercises general oversight over its management. 

The Executive Director of the current cycle (2024-26) is a member of two committees: (1) the Audit Committee, which is responsible for overseeing financial and non-financial risks, internal audit and integrity functions, and clearance of WBG financial statements for Board approval; (2) Committee on Governance and Executive Directors’ Administrative Matters, whose mandate includes shareholding and voting power issues, and the governance and institutionalization of the Board’s practices, knowledge, and finances.