Events: Conferences, Forums, and Summits
The Bank sponsors, hosts, and participates in numerous conferences, forums, and summits both on its own and in conjunction with other notable organizations.
The Board of Executive Directors resides in Washington, D.C. Executive Directors have a dual responsibility, as individual representatives of the Bank's member country or countries that appointed or elected them and as Bank officials who represent the interests and concerns of those countries.
The 25 resident Executive Directors, representing the 188 World Bank member countries, are responsible for the conduct of the World Bank's general operations under delegated powers from the Board of Governors. The Executive Directors select a President, who serves as Chairman of the Board.
Executive Directors fulfill an important role in deciding on the policies that guide the general operations of the World Bank Group (WBG) and its strategic direction, and they represent member countries' viewpoints on the WBG. They consider and decide on proposals made by the President for loans, credits, and guarantees; new policies; and the administrative budget. They also discuss Country Strategies—the central tool with which management and the Board review and guide the WBG's support for a country's development programs. They are responsible for presenting to the Board of Governors an audit of accounts, an administrative budget, and the annual report on fiscal year results.
Executive Directors serve on one or more standing committees. The committees help the Board discharge its oversight responsibilities through in-depth examinations of policies and practices. The Executive Directors' Steering Committee plays an important role in preparing the Board's work program. The Board, through its committees, attends to the effectiveness of the WBG's activities by regularly engaging with the independent Inspection Panel and the Independent Evaluation Group—which report directly to the Board—as well as with the Internal Audit Department and the external auditor.
External and Corporate Relations
(See also Enabling Services.) The mandate of the External and Corporate Relations (ECR) Vice Presidency is to strengthen the World Bank Group's development impact by increasing public support for, and awareness of, the mission and work of the Bank Group. ECR manages corporate communications and relationships with key stakeholders, including the media, civil society, the private sector, donor countries, and international organizations, as well as staff communication within the Bank Group.
ECR publishes the Bank Group's research and knowledge products and manages its corporate identity and branding. ECR is also responsible for the Bank Group's corporate online and social media presence and produces content for a wide variety of platforms, including print, broadcast, and Web.
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI), established in 2003, promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.
The EITI is both part of the World Bank's response to its own Extractive Industries Review and one of the many tools identified in the Bank's recent
Governance and Anticorruption Strategy. In this context, the Bank also works with governments on EITI issues as part of broader Bank-supported programs on extractive industries reform, natural resource management, and good governance and anticorruption. In addition to supporting the governments involved in the EITI, the Bank has also provided financial support from its own funds to a number of civil society groups concerned with EITI implementation.