аIJʿª½±

Iceland became a member of the International Bank for Reconstruction and Development¡ªthe аIJʿª½±¡ªon Dec. 27, 1945. Today, Iceland is a member of the five institutions that form the аIJʿª½± Group. Iceland and the аIJʿª½± work with other member governments to finance projects, design policies, and deliver programs to eradicate poverty in the developing world.

The Nordic Baltic Desk at the аIJʿª½± Paris office works to promote consensus around the international development agenda and build a platform for collaboration between the аIJʿª½± Group and Iceland. It does this by promoting better understanding of the аIJʿª½± Group¡¯s mission and activities and by building relationships with key stakeholders such as government, legislators, civil society organizations, the private sector, academia, and the media.

It also supports outreach activities, often in collaboration with Icelandic partners, such as organizing and supporting conferences, seminars, and other events on development-related topics. The office serves as an entry point for groups in Iceland wishing to contact аIJʿª½± staff across the world or access the plethora of information the Bank publishes, and it responds to media queries. It also seeks to increase opportunities for collaboration between Iceland and the аIJʿª½± Group through co-financing, trust funds, and joint analytical work in sectors and regions of mutual interest.

аIJʿª½± Governor

аIJʿª½± Board of Governors is the Bank¡¯s senior decision-making body. The Governors, usually Ministers of Finance or Development, meet twice a year. The Governors have the power to admit and suspend members of the аIJʿª½± Group, increase or decrease the authorized capital stock, determine the distribution of the net income of the Bank, and decide on the аIJʿª½± Group¡¯s overall strategic direction. 

To connect with the current governors and alternate governors offices, please refer to .

аIJʿª½± Executive Director

The Governor Delegates responsibility for overseeing the day-to-day business of Iceland¡¯s interests at the Bank to the Executive Director (ED) representing Iceland, Denmark, Estonia, Finland, Latvia, Lithuania, Norway, and Sweden. EDs reside in Washington and normally meet twice a week to decide on borrowing and financial questions, projects, and policies that affect аIJʿª½± Group general operations. Sigrun Rawet (Sweden) is the ED representing the Nordic-Baltic constituency on the 25-member аIJʿª½± Board of Executive Directors, and Trine Lunde (Norway) is the Alternate Executive Director.

Shares and Voting Power

аIJʿª½± Group has a weighted system of voting. All members of the Bank receive votes consisting of share votes (one vote for each share of the Bank's capital stock held by the member) plus basic votes (calculated so that the sum of all basic votes is equal to 5.55% of the sum of basic votes and share votes for all members). The voting power distribution differs from agency to agency within the аIJʿª½± Group.

For the latest voting status, please visit the Voting Powers page.