World Bank Group (WBG) Governors’ Declaration
to Promote Womcn Representation on the Board of Executive Directors
In pursuit of the World Bank Group’s mission to end poverty and prornote shared prosperity on a
livable pianet, it is essential for the WBG to be an innovative, ambitious, and effective partner to
ks clients. Achieving this objective requires a Board that reflects a diversity of knowiedge, and
skilis, and critically wornen’s voice and representation.
Governors of the World Bank Group are fully comrnitted to more gender balanced Boards of
Executive Directors. As research shows, improving gender representation in boards of
interiationa1 financial institutions enhances capability and expertise in corporate governance
oversight and decision-rnaking, with improved efficiency and effectiveness which can lead to
greater developrnent impact.
Gender equality. diversity, and inclusion must be priorities at ali leveis of the World Bank Group.
The organization recognizes the importance of taking concrete steps towards gender equaiity in
both its operations and organizational structure. Data shows that progress is being made but more
can he done. Today, there is not enough representation of women, at the leveis of Exccutive
Directors and Alternate Executive Directors.
Governors of the World Bank Group comrnend the efforts of the WBG Board of Executive
Directors and its working group on Gender aimed at enhancing gender equality and diversity at
the WBG Board. To ftirther their commitment to gender equality, Govemors commit to more
representation of women at the WBG Board. Governors aspire to achieve 40-50 percent of
cornbined Executive Director and Alternate Executive Director positions that are held by wornen
over the next two election cycles, starting with the 2026 regular election.
Name: Date:
Signature: j
REPURLIc OF [STONIA
MINIsTRY OF FINANcE
Ms Mercy Ternbon Our ref. .02.2025 11-4.1/ 2-4
Vice President and Corporate Secretaiy
The World Bank Group
1818 H StreetN.W.
Washington. D.C. 20433
USA
Dear Ms Tembon,
WBG Governor’s Declaration to Promote Women Representation on the Board of Executive
Directors
Please find attached signed declaration.
Yours sincerely,
Martin Pöder
Head of EU and International Affairs Department
Enc. WBG Govemor’s Declaration
Riina Laigo +372 6113500
[email protected]
Suur-Ameerika 1 / 10122 Tallinn / Estonia / +372 611 3558 /
[email protected]
www.rahandusministeeriurn .ee / Reg. code: 70000272