INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - BOARD OF GOVERNORS - Resolution No. 685 - Direct Remuneration of Executive Directors and their Alternates

Jul 19, 2026

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This document, Resolution No. 685 of the Board of Governors of the International Bank for Reconstruction and Development (IBRD), addresses the direct remuneration of Executive Directors and their Alternates. It details the decision made on August 26, 2021, to adjust salaries effective July 1, 2021, following deliberations by the 2021 Joint Committee on the Remuneration (JCR) of the IBRD and the International Monetary Fund (IMF). The JCR recommended no annual salary adjustment for Executive Directors and Alternates due to the global economic state and the impacts of the COVID-19 pandemic. However, an independent assessment in 2020 confirmed the comparability of roles and responsibilities, highlighting a 2.5% salary gap since 2018. To restore parity, the JCR recommended a phased approach, increasing the salaries of Bank Executive Directors and their Alternates by 1.25 percent. Consequently, the Board of Governors resolved that effective July 1, 2021, salaries would be paid without a supplemental allowance. The revised salaries are set at $261,800 for Executive Directors and $226,480 for Alternate Executive Directors, pursuant to section 13(e) of the By-Laws.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Resolution No. 685

Direct Remuneration of Executive Directors and their Alternates

FAQs

What is the purpose of Resolution No. 685?

Resolution No. 685 addresses the direct remuneration of Executive Directors and their Alternates at the International Bank for Reconstruction and Development (IBRD).

What was the salary recommendation for Executive Directors and Alternates?

The recommendation was to increase the salaries of Bank Executive Directors and their Alternates by 1.25 percent to restore remuneration parity with the International Monetary Fund (IMF).

When did the salary adjustments become effective, and what are the new salary figures?

The salary adjustments became effective on July 1, 2021. Executive Directors' salaries were increased to $261,800, and Alternate Executive Directors' salaries to $226,480.

Jul 19, 2026

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