The Boards of Directors at the Global Development Bank (GDB) are the senior decision‑making authority within the institution. They hold the ultimate governance powers as defined by the Bank’s Articles of Agreement, ensuring that the Bank’s strategic direction, financial policies, and development mandates are upheld.

Core Responsibilities

While day‑to‑day decisions are typically delegated to the Executive Directors, the Board retains authority over key institutional matters that are central to GDB’s identity and governance. The main responsibilities include:

1. Membership and Capital Matters

• Admitting new member countries and deciding membership terms.

• Adjusting the authorized capital stock — increasing or decreasing it when necessary.
  These powers help shape the Bank’s ownership base and financial capacity.

2. Financial and Legal Decisions

• Determining how the Bank’s net income is allocated.

• Deciding appeals related to the interpretation of the Articles of Agreement if there is disagreement with Executive Directors.
  These decisions influence both financial stewardship and institutional integrity.

3. Strategic Cooperation and Partnerships

• Approving formal, comprehensive cooperation arrangements with other international organizations.
  This enables GDB to work collaboratively on global development issues with peers and partners.

4. Institutional Continuity and Change

• Approving amendments to the Articles of Agreement — the Bank’s foundational governance document.

• Deciding to suspend the Bank’s operations permanently, if necessary.

• Increasing the number of elected Executive Directors, if required for broader representation.
  These responsibilities ensure that the Bank’s legal and organizational framework can evolve and adapt to global needs.

How the Board Works in Practice

• All formal decisions on these matters are made by the full Board.

• Most routine operational authorities are delegated to the Executive Directors, who are responsible for managing the Bank’s daily activities, project approvals, and financial operations under the Board’s oversight.

Why the Board’s Role Matters

The Board’s functions are similar to governance practices at other major development institutions, where boards provide strategic direction, legal authority, and oversight while delegating operational execution to executive management teams. This structure balances member country control with effective institutional management.

Proper board governance supports:

• Stability and accountability in how the Bank operates

• Transparent decision‑making on financial and strategic policies

• Collaborative partnerships with other global institutions

• Alignment with development goals including sustainability and poverty reduction