Board of Governors of the Islamic Development Bank

E899206

The Board of Governors of the Islamic Development Bank is the institution’s highest decision-making body, composed mainly of member countries’ finance ministers and responsible for setting overall policies and strategic directions.

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Statements (43)

Predicate Object
instanceOf decision-making body
governing body
adopts resolutions on key institutional matters
approves admission of new member countries to the Islamic Development Bank
capital increases of the Islamic Development Bank
financial statements of the Islamic Development Bank
canDelegate some powers to the Board of Executive Directors
composedOf representatives of member countries
elects President of the Islamic Development Bank
members of the Board of Executive Directors of the Islamic Development Bank
establishes committees and subsidiary bodies as needed
governs Islamic Development Bank member countries’ participation in the Bank
hasAuthorityOver Islamic Development Bank Group overall policy framework
hasMemberFrom each member country of the Islamic Development Bank
hasPowerTo amend certain provisions of the Articles of Agreement subject to procedures
decide on distribution of net income of the Islamic Development Bank
determine general conditions of membership
headquartersLocation Jeddah, Saudi Arabia NERFINISHED
languageOfWork Arabic
English
legalBasis Articles of Agreement of the Islamic Development Bank NERFINISHED
meets annually
meetsAtLeast once a year
meetsDuring Islamic Development Bank Annual Meeting NERFINISHED
membershipType ex-officio representation of member governments
oversees general operations of the Islamic Development Bank
partOf Islamic Development Bank NERFINISHED
primaryFunction formulation of overall policy of the Islamic Development Bank
strategic oversight of the Islamic Development Bank Group
regionServed member countries of the Organisation of Islamic Cooperation and other member states
reportsTo member countries of the Islamic Development Bank
responsibleFor setting overall policies of the Islamic Development Bank
setting strategic directions of the Islamic Development Bank
role highest decision-making body of the Islamic Development Bank
sector multilateral development finance
sets broad development priorities for the Islamic Development Bank
supervises overall direction of the Islamic Development Bank’s development mandate
typeOfJurisdiction intergovernmental organization governance
typicallyComposedOf finance ministers of member countries
typicalMemberPosition Minister of Economy
Minister of Finance
Minister responsible for development planning
votingPowerBasedOn subscribed capital of member countries

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Board of Executive Directors reportsTo Board of Governors of the Islamic Development Bank
subject surface form: Board of Executive Directors of the Islamic Development Bank