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According to an informal agreement among World Bank member countries, a U.S. candidate is chosen as the president of the World Bank and a
European candidate (typically French or German) is appointed as the Managing Director of the International Monetary Fund
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Preston had been on medical leave from his position since
February 1995 and had intended to formally retire from the Bank at the end of May of the same year. Ernest Stern was appointed interim World Bank Group president in his absence.
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The nominee is subject to confirmation by the Board of
Executive Directors, to serve for a five-year, renewable term. Traditionally, the World Bank Group president has always been an
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98:. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group.
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since, by tradition, the head of the World Bank is always an
American. He regained Australian citizenship after leaving office.
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European
Commissioner for International Cooperation, Humanitarian Aid and Crisis Response
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117:. While most World Bank Group presidents have had economic experience, some have not.
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1301:(Press release). Washington, D.C.: World Bank Group. January 7, 2019.
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1150:(Press release). Washington, D.C.: World Bank Group. May 3, 2023.
30:
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632:
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124:, who was selected on May 3 and began his term on June 2, 2023.
1327:. Washington, D.C.: World Bank Group Archives, World Bank Group
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U.S. Under
Secretary of the Treasury for International Affairs
179:
120:
The fourteenth and current World Bank Group president is
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First World Bank Group president without business background
44:
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First woman to serve as interim World Bank Group president
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International Centre for
Settlement of Investment Disputes
1118:"Why Jim Yong Kim would make a great World Bank president"
272:
First World Bank Group president with military background
110:
1299:"World Bank Group President Kim to Step Down February 1"
677:
First permanent World Bank Group president born outside
876:
1148:"Ajay Banga Selected 14th President of the World Bank"
621:
First interim World Bank Group president born outside
287:
127:
1445:
1086:(Report). Congressional Research Service. p. 2.
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753:
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1355:Prior to taking office, Wolfensohn renounced his
705:
564:First Word Bank Group president to die in office
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238:
2005:
958:
811:
582:
335:
185:
1413:
1012:
836:Physician, anthropologist and co-founder of
1420:
1406:
360:Investment banker and bank executive with
109:, the Bank's largest shareholder, and the
43:
1175:"World Bank President Lewis Preston Dies"
1047:First World Bank Group president born in
909:Vice-President of the European Commission
853:First World Bank Group president born in
682:First World Bank Group president born in
626:First World Bank Group president born in
616:U.S. Agency for International Development
1460:Multilateral Investment Guarantee Agency
1115:
1279:from the original on September 23, 2022
1267:"James Wolfensohn: banker to the world"
1172:
851:to serve as World Bank Group president
674:Corporate lawyer and investment banker
2006:
1052:First World Bank Group president from
932:First World Bank Group president from
858:First World Bank Group president from
687:First World Bank Group president from
631:First World Bank Group president from
1651:
1450:International Development Association
1401:
1206:"A Tight Race to Head the World Bank"
1203:
1128:from the original on October 21, 2022
1093:from the original on October 11, 2021
1079:Weiss, Martin A. (February 8, 2019).
1078:
612:Managing Director of the World Bank;
318:Executive Director of the World Bank
1305:from the original on January 7, 2019
1237:"Ernest Stern, economist, 1933-2019"
1234:
1116:Hurlburt, Heather (March 23, 2012).
219:Chairman of the U.S. Federal Reserve
1185:from the original on March 25, 2023
128:List of World Bank Group presidents
13:
2014:Presidents of the World Bank Group
1247:from the original on June 27, 2019
1081:Selecting the World Bank President
196:June 18, 1946 – December 18, 1946
14:
2025:
1455:International Finance Corporation
1370:
1216:from the original on May 26, 2015
1204:Lewis, Paul (February 13, 1995).
1154:from the original on May 14, 2023
892:February 1, 2019 – April 8, 2019
346:January 1, 1963 – March 31, 1968
298:July 1, 1949 – December 31, 1962
223:First World Bank Group president
145:president of the World Bank Group
92:president of the World Bank Group
1989:
1988:
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1969:
1727:Democratic Republic of the Congo
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731:U.S. Deputy Secretary of Defense
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598:February 1, 1995 – May 31, 1995
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249:March 17, 1947 – June 30, 1949
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1235:Wolf, Martin (June 27, 2019).
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843:President of Dartmouth College
785:U.S. Deputy Secretary of State
417:John F. Kennedy administration
392:April 1, 1968 – June 30, 1981
1:
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793:George W. Bush administration
764:July 1, 2007 – June 30, 2012
735:George W. Bush administration
716:June 1, 2005 – June 30, 2007
450:July 1, 1981 – June 30, 1986
24:President of World Bank Group
1359:to become naturalized as an
660:June 1, 1995 – May 31, 2005
16:Head of the World Bank Group
7:
1393:President of the World Bank
994:Donald Trump administration
969:April 9, 2019–June 1, 2023
10:
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210:Investor and publisher of
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789:U.S. Trade Representative
413:U.S. Secretary of Defense
72:
62:
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28:
23:
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406:Business executive with
1041:; President and CEO of
906:CEO of the World Bank;
464:President and CEO with
57:since June 2, 2023
1518:Lewis Thompson Preston
1357:Australian citizenship
1023:June 2, 2023–present
560:J.P. Morgan & Co.
68:Five years, renewable
1543:Kristalina Georgieva
1493:Eugene R. Black, Sr.
880:Kristalina Georgieva
778:Bank executive with
558:Bank executive with
314:Chase Manhattan Bank
312:Bank executive with
1975:Category World Bank
1275:. October 9, 2010.
983:Chief Economist at
510:U.S. Representative
291:Eugene R. Black Sr.
213:The Washington Post
1498:George David Woods
1210:The New York Times
926:Barroso Commission
917:Juncker Commission
838:Partners in Health
408:Ford Motor Company
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1995:Country Relations
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140: Denotes an
105:nominated by the
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1508:Alden W. Clausen
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985:Bear Stearns
938:Eastern Bloc
815:Jim Yong Kim
586:Ernest Stern
415:in both the
364:Corporation
362:First Boston
339:George Woods
268:World War II
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164:Nationality
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1902:South Korea
1867:Philippines
1662:Afghanistan
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860:South Korea
167:Background
64:Term length
1942:Uzbekistan
1912:Tajikistan
1787:Kazakhstan
1717:Costa Rica
1697:Cape Verde
1653:by country
1554:Ajay Banga
1475:Presidents
1429:World Bank
1309:January 8,
1067:References
1049:South Asia
1043:Mastercard
1016:Ajay Banga
122:Ajay Banga
53:Ajay Banga
1907:Sri Lanka
1892:Singapore
1842:Nicaragua
1767:Indonesia
1747:Guatemala
1672:Australia
1667:Argentina
1563:Elections
1132:March 24,
903:Bulgaria
689:Australia
155:Portrait
78:president
50:Incumbent
2008:Category
1952:Zimbabwe
1917:Tanzania
1857:Paraguay
1827:Mongolia
1812:Maldives
1807:Malaysia
1757:Honduras
1737:Ethiopia
1732:Djibouti
1712:Colombia
1692:Cambodia
1682:Botswana
1545:(acting)
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1277:Archived
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514:New York
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1947:Vietnam
1937:Uruguay
1932:Ukraine
1882:Senegal
1847:Nigeria
1837:Myanmar
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1777:Jamaica
1772:Ireland
1722:Croatia
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924:in the
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733:in the
684:Oceania
633:Germany
266:during
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1927:Uganda
1922:Turkey
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1822:Mexico
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1707:China
1702:Chile
1343:Notes
1091:(PDF)
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1054:India
512:from
161:Term
158:Name
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1797:Laos
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