The Office of the Executive Director (EDS18) represents Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Republica Bolivariana de Venezuela, and Spain.
The constituency has played an important role in articulating the World Bank Group's policies and strategies since the countries joined. The constituency includes two IDA countries (Honduras and Nicaragua), three upper-middle-income countries (Costa Rica, Mexico and Venezuela), two lower-middle-income countries (El Salvador and Guatemala) and one developed country (Spain).
Responsibilies of the Executive Director and the office consist of participating in Board meetings to define institutional policies and strategies, as well as approving programs and projects, including IBRD loan and guarantee proposals, IDA credits, grants and guarantee proposals.
Mr. Jiménez Latorre serves as a member of the Budget Committee (pdf) and the Committee on Governance and Executive Directors' Administrative Matters (COGAM) (pdf).
The Executive Director liaises with the constituency's Governors (usually the Ministers of Finance, and Presidents of the Central Banks) to receive their advice.
