▁ 1 5 3 ▁and ▁ 1 8 4 ▁members . ▁The ▁institutions ▁of ▁the ▁World ▁Bank ▁Group ▁are ▁all ▁run ▁by ▁a ▁Board ▁of ▁Govern ors ▁meeting ▁once ▁a ▁year . ▁Each ▁member ▁country ▁appoint s ▁a ▁governor , ▁generally ▁its ▁Minister ▁of ▁Fin ance . ▁On ▁a ▁daily ▁basis ▁the ▁World ▁Bank ▁Group ▁is ▁run ▁by ▁a ▁Board ▁of ▁ 2 5 ▁Executive ▁Direct ors ▁to ▁whom ▁the ▁govern ors ▁have ▁deleg ated ▁certain ▁powers . ▁Each ▁Director ▁represents ▁either ▁one ▁country ▁( for ▁the ▁largest ▁countries ), ▁or ▁a ▁group ▁of ▁countries . ▁Executive ▁Direct ors ▁are ▁appointed ▁by ▁their ▁respective ▁govern ments ▁or ▁the ▁constitu encies . ▁ ▁The ▁ag encies ▁of ▁the ▁World ▁Bank ▁are ▁each ▁govern ed ▁by ▁their ▁Articles ▁of ▁Ag re ement ▁that ▁serve ▁as ▁the ▁legal ▁and ▁institution al ▁foundation ▁for ▁all ▁of ▁their ▁work . ▁ ▁The ▁activities ▁of ▁the ▁I FC ▁and ▁M IG A ▁include ▁invest ment ▁in ▁the ▁private ▁sector ▁and ▁providing ▁ins urance ▁respectively . ▁ ▁Pres iden cy ▁Trad itionally , ▁the ▁Bank ▁President ▁has ▁always ▁been ▁a ▁U . S . ▁citiz en ▁nominated ▁by ▁the ▁President ▁of ▁the ▁United ▁States , ▁the ▁largest ▁share holder ▁in ▁the ▁bank . ▁The ▁nom ine e ▁is ▁subject ▁to ▁confirm ation ▁by ▁the ▁Board ▁of ▁Govern ors , ▁to ▁serve ▁for ▁a ▁five - year , ▁renew able ▁term . ▁ ▁Current ▁president ▁On ▁April ▁ 5 , ▁ 2 0 1 9 , ▁David ▁Mal pass ▁was ▁selected