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.
40 Comments