Higher education in Asian countries and the role of international ...

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by the president of the World Bank Group. ICSID fosters an atmosphere of mutual confidence
between states and foreign investors. ICSID has two sets of procedural: the ICSID Convention,
Regulations and Rules; and the ICSID Additional Facility Rules (ICSID, 2010).
5.3.1.2 How the World Bank Group (WBG) is organized
Each of the five institutions of the World Bank Group has its own purpose of existence,
organization, and operations, including the mechanisms of governance, which have been
précised and defined in articles of agreement or an equivalent founding document. Each
institution in Bank Group acts as an intergovernmental organization and owned by its member
countries or its member states shareholders. All institutions enjoy a great deal of autonomy and
individual power. Membership to these institutions is open to countries, which meet
requirements, standards and conditions of the each institution. The number of member countries
varies by institution: IBRD 187, 1FC 182, IDA 170, ICSID 157, and MIGA 145 as of 2011. In
practice, member countries govern the Bank Group through the Boards of Governors and the
Boards of Directors who are the representatives of member states. The management of each
institute is also responsible for making all major policy decisions for the organization.
Relationship between member countries and the World Bank Group
Relationship between member countries and the World Bank
Group
Member countries
Board of Governers
Board of Directors
WBG President
Bank Group Management and Staff
Figure 15 How does the World Bank interact with the member countries?