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List of President of the World Bank Group

The President of the World Bank Group is the head of World Bank Group. The President is responsible for heading the meetings of the Boards of Directors and for overall management of the World Bank Group. The first President of the World Bank Group was Mr. Eugene Meyer from the USA. He assumed the office in 1946.
May 2, 2018 11:23 IST
World Bank Group

The International Bank for Reconstruction and Development (IBRD) and its associate institutions are known as the World Bank Group. The IBRD along with IMF was established in December 1945. That is the reason that IMF and IBRD are known as the complementary institutions and Bretton woods Twins.

The World Bank Group is consists of the five institutions namely;

1. The International Bank for Reconstruction and Development (IBRD)-Established in Dec. 1945

2. International Finance Corporation (IFC):- Established in July 1956

3. International Development Association (IDA):- Established in Sept. 1960

4. International Centre for Settlement of Investment Disputes (ICSID):- Established in Oct. 1966

5. Multilateral Investment Guarantee Agency (MIGA):- Established in April 1988

It is interesting to know that each institution of the World Bank Group has different number of members. As IBRD have 189 members currently. 

Here it is interesting to know that all the Presidents of the World Bank Group have always been American because the USA is the largest shareholder in the World Bank Group.

However the nominee by the USA is subject to confirmation by the Board of Executive Directors. The President of the World Bank Group is nominated for 5 year terms and can be re-elected on the post.

Let’s see the List of all the Presidents of the World Bank Group;

 1. Eugene Meyer

 1946

 USA

 2. John J. McCloy

 1947–1949

 USA

 3. Eugene R. Black, Sr.

 1949–1963

 USA

 4. George Woods

 1963–1968

 USA

 5. Robert McNamara

 1968–1981

 USA

 6. Alden W.  Clausen

 1981–1986

 USA

 7. Barber Conable

 1986–1991

 USA

 8. Lewis T. Preston

 1991–1995

 USA

 9. Sir James Wolfensohn

 1995–2005

 USA

 10. Paul Wolfowitz

 2005–2007

 USA

 11. Robert Zoellick

 2007–2012

 USA

 12. Jim Yong Kim

 2012–present

 Korea Republic
 United States

Jim Yong Kim is the 12th President of the World Bank Group. Jim Kim assumed his office in July 2012. In September 2016, the World Bank Group Board unanimously reappointed Jim Kim for a second 5 year term as President of this group.

List of Members of the Nuclear Suppliers Group

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