Governing Structure of the World Bank
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The World Bank is a multi-lateral financial agency tied to the United Nations, and established in 1945.  The Bank is owned by member governments who exercise their direction through a Board of Governors, consisting of one governor for each of the 185 member countries. The governors meet once a year to review operations and basic policies. They delegate most functions and the responsibility for the day-to-day running of the organization to 25 full-time Executive Directors, who are based  at the Bank’s Headquarters in Washington, DC, USA.   At the staff level, the Bank is managed by a President, three Managing Directors, and over 20 Vice-Presidents who oversee major operational units at the Bank’s headquarters in Washington as well as over 100 country offices. This section of the site provides information about the governance structure of the World Bank by describing the role of the Board of Directors, as well as the responsibilities and activities of Bank Management. More Information:Articles of Agreement Member Countries Board of Governors Annual Meetings of the Boards of Governors of the World Bank and the IMF Boards of Executive Directors  Executive Directors Organization Office of the President