[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110480-en":3,"doc-seo-110480-105":29,"detail-sidebar-cat-0-en-105":90},{"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":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":20},110480,8796095462418,"Noah","https://ap-avatar.wpscdn.com/avatar/80000253c1241d02b47?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778826106357471780",8,"Research & Report","International Bank for Reconstruction and Development - Board of Governors Resolution - No. 699 - Direct Remuneration of Executive Directors and their Alternates","Resolution No. 699 of the International Bank for Reconstruction and Development’s Board of Governors establishes direct remuneration terms for Executive Directors and their alternates. It cites the 2023 Joint Committee’s review of governance arrangements, market comparators, and economic conditions, including declining relative remuneration and the need to restore appropriate relativity. It also references automatic salary adjustments for the President of the World Bank Group and Managing Director of the IMF, and an external consultant’s recommendation to align increases with composite market benchmarks.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT  \nBOARD OF GOVERNORS  \nResolution No. 699  \nDirect Remuneration of Executive Directors and their Alternates  \nWHEREAS the 2023 Joint Committee on the Remuneration of Executive Directors and Alternate Executive Directors ofthe International Bank for Reconstruction and Development and the International Monetary Fund (the “JCR”) has carefully considered the issue of the remuneration of Executive Directors and Alternate Executive Directors for this year in line with relevant governance arrangements, market comparators and current economic landscape;  \nWHEREAS the 2023 JCR notes the rapid decline in the ratio of Executive Directors’remuneration relative to that of the Heads of the two institutions in recent years from over 50% in 2011 to 46.6 percent at present and considers that corrective action is warranted to restore a more appropriate relativity beginning this year;  \nWHEREAS the salaries of the President of the World Bank Group and the Managing Director of the International Monetary Fund will be adjusted automatically by 3.1 percent this year, following increases of 3.8 percent in 2021 and 7.5 percent in 2022, respectively, in line with their contracts;  \nWHEREAS the external consultant’s report reveals that Bank and Fund Executive Directors and their Alternates’ salary increases have lagged almost all comparators over the last five years and recommended to adjust the salaries of Bank and Fund Executive Directors and their Alternates between 4.6 percent [lower bound] and 6.1 percent [upper bound] to bring the five-year annualized (2018-2023) increase more in line with the composite market comparator;  \nWHEREAS inflation developments continue to be uncertain, and risks to the path for inflation continue to be skewed upwards;  \nNOW, THEREFORE, the Board of Governors hereby RESOLVES:  \nTHAT, effective July 1, 2023, 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 $284,720 for Executive Directors and $246,300 for Alternate Executive Directors.  \n(Adopted on August 24, 2023)","cbCaip5oPYfhCEjb","https://ap.wps.com/l/cbCaip5oPYfhCEjb","pdf",94617,3,1,"English","en",105,"# Resolution No. 699\n## Direct remuneration effective July 1, 2023\n## Rationale and salary adjustment considerations","[{\"question\":\"What does Resolution No. 699 set out to do?\",\"answer\":\"It determines how Executive Directors of IBRD and their alternates are to be paid, specifying that remuneration is paid as salary without a supplemental allowance.\"},{\"question\":\"When does the remuneration change take effect?\",\"answer\":\"The resolution states the change is effective July 1, 2023.\"},{\"question\":\"What salary amounts are approved for Executive Directors and alternates?\",\"answer\":\"Executive Directors’ salary is set at $284,720 and Alternate Executive Directors’ salary at $246,300.\"}]","International Bank for Reconstruction and Development - Board of Governors Resolution - No. 699 - Direct Remuneration of Executive Directors and their Alternates | PDF",1784485632,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":28},"international-bank-for-reconstruction-and-development-board-of-governors-resolution-no-699-direct-remuneration-of-executive-directors-and-their-alternates","",{"@graph":35,"@context":84},[36,52,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,49],{"item":40,"name":41,"@type":42,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":20},"https://docshare.wps.com/document/research-report/",{"item":50,"name":13,"@type":42,"position":51},"https://docshare.wps.com/document/international-bank-for-reconstruction-and-development-board-of-governors-resolution-no-699-direct-remuneration-of-executive-directors-and-their-alternates/110480/",4,{"url":50,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What does Resolution No. 699 set out to do?","Question",{"text":74,"@type":75},"It determines how Executive Directors of IBRD and their alternates are to be paid, specifying that remuneration is paid as salary without a supplemental allowance.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"When does the remuneration change take effect?",{"text":79,"@type":75},"The resolution states the change is effective July 1, 2023.",{"name":81,"@type":72,"acceptedAnswer":82},"What salary amounts are approved for Executive Directors and alternates?",{"text":83,"@type":75},"Executive Directors’ salary is set at $284,720 and Alternate Executive Directors’ salary at $246,300.","https://schema.org",{"og:url":50,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":50},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":51,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":105,"slug":137},19,"General","general"]