[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110766-en":3,"doc-seo-110766-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},110766,687197207057,"Sage","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - BOARD OF GOVERNORS - Resolution No. 685 - Direct Remuneration of Executive Directors and their Alternates","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.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT  \nBOARD OF GOVERNORS  \nResolution No. 685  \nDirect Remuneration of Executive Directors and their Alternates  \nWHEREAS the 2021 Joint Committee on the Remuneration (“JCR”) of the International Bank of Reconstruction and Development (“Bank”) and the International Monetary Fund (“Fund”) Executive Directors has deliberated carefully on the state of the global economy following the exceptional impacts of the COVID-19 pandemic, and on other external factors, and has recommended no annual salary adjustment for Executive Directors and Alternate Executive Directors ofthe Bank and the Fund; and  \nWHEREAS an independent assessment undertaken by an external consultant in 2020 concluded that the roles and responsibilities of Executive Directors in the Bank and the Fund are comparable, and their base salaries should be the same, and mindful that a salary gap of 2.5% has existed in the salaries of the Executive Board of the Bank and the Fund since 2018, the JCR concurs that it would be desirable to restore parity of remuneration between the Executive Boards of the Bank and the Fund through a phased approach, and has recommended that the salaries of Bank Executive Directors and their Alternates be increased by 1.25 percent.  \nNOW, THEREFORE, the Board of Governors hereby RESOLVES:  \nTHAT, effective July 1, 2021, the remuneration of the Executive Directors ofthe Bank and their Alternates, pursuant to section 13(e) of the By-Laws shall be paid in the form of a salary without a supplemental allowance, and such salary shall be increased to $261,800 for Executive Directors and $226,480 for Alternate Executive Directors.  \n(Adopted on August 26, 2021)","cbCaiuZ3jGVYa5i0","https://ap.wps.com/l/cbCaiuZ3jGVYa5i0","pdf",69768,1,"English","en",105,"# Resolution No. 685\n## Direct Remuneration of Executive Directors and their Alternates","[{\"question\":\"What is the purpose of Resolution No. 685?\",\"answer\":\"Resolution No. 685 addresses the direct remuneration of Executive Directors and their Alternates at the International Bank for Reconstruction and Development (IBRD).\"},{\"question\":\"What was the salary recommendation for Executive Directors and Alternates?\",\"answer\":\"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).\"},{\"question\":\"When did the salary adjustments become effective, and what are the new salary figures?\",\"answer\":\"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.\"}]",1784486960,3,{"code":4,"msg":29,"data":30},"ok",{"site_id":23,"language":22,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":26},"international-bank-for-reconstruction-and-development-board-of-governors-resolution-no-685-direct-remuneration-of-executive-directors-and-their-alternates","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":27},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/international-bank-for-reconstruction-and-development-board-of-governors-resolution-no-685-direct-remuneration-of-executive-directors-and-their-alternates/110766/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":22,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What is the purpose of Resolution No. 685?","Question",{"text":72,"@type":73},"Resolution No. 685 addresses the direct remuneration of Executive Directors and their Alternates at the International Bank for Reconstruction and Development (IBRD).","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"What was the salary recommendation for Executive Directors and Alternates?",{"text":77,"@type":73},"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).",{"name":79,"@type":70,"acceptedAnswer":80},"When did the salary adjustments become effective, and what are the new salary figures?",{"text":81,"@type":73},"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.","https://schema.org",{"og:url":49,"og:type":84,"og:title":13,"og:site_name":56,"og:description":14},"article",{"robots":86,"canonical":49},"index,follow",{"doc_id":7,"site_id":23},{"code":4,"msg":5,"data":89},[90,94,98,102,107,112,117,120,125,128,132],{"id":20,"doc_module":4,"doc_module_name":44,"category_name":91,"show_sort_weight":92,"slug":93},"Story & Novel",90,"story-novel",{"id":45,"doc_module":4,"doc_module_name":44,"category_name":95,"show_sort_weight":96,"slug":97},"Literature",80,"literature",{"id":50,"doc_module":4,"doc_module_name":44,"category_name":99,"show_sort_weight":100,"slug":101},"Exam",70,"exam",{"id":103,"doc_module":4,"doc_module_name":44,"category_name":104,"show_sort_weight":105,"slug":106},5,"Comic",60,"comic",{"id":108,"doc_module":4,"doc_module_name":44,"category_name":109,"show_sort_weight":110,"slug":111},6,"Technology",50,"technology",{"id":113,"doc_module":4,"doc_module_name":44,"category_name":114,"show_sort_weight":115,"slug":116},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":44,"category_name":12,"show_sort_weight":118,"slug":119},30,"research-report",{"id":121,"doc_module":4,"doc_module_name":44,"category_name":122,"show_sort_weight":123,"slug":124},9,"Religion & Spirituality",20,"religion-spirituality",{"id":123,"doc_module":4,"doc_module_name":44,"category_name":126,"show_sort_weight":123,"slug":127},"World Cup","world-cup",{"id":129,"doc_module":4,"doc_module_name":44,"category_name":130,"show_sort_weight":129,"slug":131},10,"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":44,"category_name":134,"show_sort_weight":103,"slug":135},19,"General","general"]