This version is for browsers with a low level of support for
CSS, and is des Home Content Area As the most senior decision-
making bodies of the multilateral development banks, the Boards
of Governors decide on major transactions of political
significance and elect the Executive Directors. They formulate
the general guidelines for the respective bank's strategy,
operational policy and financing. The Boards of Governors are
the most senior decision-making bodies of the multilateral
development banks. They The Boards of Governors generally meet
once a year at the annual meeting. These meetings are usually
held in spring, or in autumn in the case of the World Bank Group
(the World Bank's fiscal year runs from July to June). The head
of the FDEA, Federal Councillor Johann N. Schneider-Ammann, is
Switzerland's Governor at the World Bank and the EBRD.
Ambassador Beatrice Maser Mallor, Head of the Department of
Economic Cooperation and Development at SECO, represents
Switzerland on the Boards of Governors of the Afri