Explain The Board of Governors of The World Bank


0

World Bank 3

 

Board of Governors : Board of Governors represents the General Council of the Bank. Every member country appoints one governor and one alternative governor for five years. No alternative governor can vote except in the absence of his principal. Board of Governors selects from its members one president who presides over its annual meeting. The Board meets normally once a year. This general meeting is convened along with the general meeting of the IMF in any member country. Each governor has the voting power which he related to the financial contribution of the government which he represents. Board decides the policy of the Bank. The Board enjoys the following rights: (1) Admission of new members, (2) Termination of the membership, (3) Change in the capital, (4) Distribution of the Bank.

 


Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

40 Comments

Facebook comments:

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format