Esme for The governors are usually their countries’ foreign ministers or central bank governors. The power to make actual decisions rests mainly with the 24-member board of directors. The UNITED STATES, FRANCE, the UNITED KINGDOM, GERMANY, and JAPAN appoint their own executive directors. The remaining countries are divided into regions, each of which elects an executive director. Throughout its history, the president of the World Bank has been an American. Five institutions comprise the World Bank Group: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). The IBRD provides market rate loans to middle-income developing countries and creditworthy lower-income ones. Esme 2016.