largest units. When a country reaches a GDP per person over US$1,145, they are no longer eligible for IDA financial support. For example, of the BRIC countries, China was no longer eligible in 1999 and by 2014, neither was India. The IBRD is governed by the World Bank's Board of Governors which meets annually and consists of one governor per member country (most often the country's finance minister or treasury secretary). The Board of Governors delegates most of its authority over daily matters such as lending and operations to the board of directors. The Board of Directors consists of 25 executive directors and is chaired by the President of the World Bank Group. The executive directors collectively represent all 189 member states of the World Bank. The president oversees the IBRD's overall direction and daily operations. The Bank and IDA operate with a staff of approximately 10,000 employees. On 9 April 2019, United States President Donald Trump nominated David Malpass as the World Bank Group's president. Malpass had served as one of President Trump's economic advisers and as a senior official in the United States Treasury Department. The IBRD member nations did not sponsor a "rival candidate" and Malpass became president, in spite of the fact that he is critical of the role of the IBRD. Background The International Bank for Reconstruction and Development (IBRD) and International Monetary Fund (IMF) were established by delegates at the Bretton Woods Conference in 1944 and became operational in 1946. According to a March 2012 Washington Post article, IBRD was the "original 'world bank'". IBRD field offices were opened in Paris, France, Copenhagen, Denmark, and Prague in the former Czechoslovakia. The IBRD was established with the original mission of financing the reconstruction efforts of war-torn European nations following World War II, with goals shared by the later Marshall Plan. The Bank issued its inaugural loan of $250 million ($2.6 billion in 2 dollars) to France in 1947 to finance infrastructure projects. In 1946, a few months after it became operational, Chile sought financial help from the IBRD—the first of the developing countries to do so. Throughout the remainder of the 1940s and 1950s, the Bank-financed projects sought to dam rivers, generate electricity and improve access to water and sanitation. It also invested in France, Belgium, and Luxembourg's steel industry. Following the reconstruction of Europe, the Bank's mandate has transitioned to eradicating poverty around the