Letter of Transmittal The Annual Report, which covers the period from July 1, 2011, to June 30, 2012, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Dr. Jim Yong Kim, President of IBRD and IDA, and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors. Annual Reports for the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes are published separately.
Executive Directors
Alternates
Ian H. Solomon Nobumitsu Hayashi Ingrid G. Hoven Susanna Moorehead Ambroise Fayolle Konstantin Huber Marta Garcia Rudolf Treffers Marie-Lucie Morin Anna Brandt Rogerio Studart John Whitehead Mukesh N. Prasad Shaolin Yang Piero Cipollone Jorg Frieden Javed Talat Merza H. Hasan Abdulrahman M. Almofadhi Vadim Grishin Hekinus Manao Felix Alberto Camarasa Agapito Mendes Dias Hassan Ahmed Taha Renosi Mokate
Sara M. Aviel Yasuo Takamura Wilhelm M. Rissmann Stewart James Anne Touret-Blondy Gino Alzetta Juan Jose Bravo Stefan Nanu Kelvin Dalrymple Jens Haarlov Vishnu Dhanpaul In-Kang Cho Kazi M. Aminul Islam Bin Han Nuno Mota Pinto Wieslaw Szczuka Sid Ahmed Dib Ayman Alkaffas Ibrahim Alturki Eugene Miagkov Dyg Sadiah Binti Abg Bohan Varinia Cecilia Daza Foronda Mohamed Sikieh Kayad Denny H. Kalyalya Mansur Muhtar
As of June 30, 2012