Who We Are

Governance

Chartered as an international coalition of central banks, financial authorities, and public- and private-sector institutions. Authority flows from the Governing Council to the Executive Board and the Secretariat, with independent evaluation reporting directly to the Council.

The four bodies

Four bodies share the coalition’s authority — each with a distinct role, and none able to act alone.

  1. Governing Council

    The coalition’s highest authority.

    Central-bank governors and finance officials from member economies. Sets the mandate, approves the charter and budget, and appoints the Secretary-General. Meets in full session annually.

  2. Executive Board

    Strategy and oversight between Council sessions.

    Oversees strategy, risk appetite, and the investment programme; reviews major commitments and the results of independent evaluation.

  3. Secretariat

    The permanent operating organisation.

    Led by the Secretary-General, the Secretariat runs day-to-day operations, country engagement, and the data and research platform across three regional hubs.

  4. Standing Committees

    Investment · Audit & Risk · Integrity · Evaluation.

    The Investment Committee, Audit & Risk Committee, and Integrity & Ethics Committee report to the Executive Board; the Independent Evaluation Panel reports directly to the Governing Council.

Standing committees

Committees are where governance does its daily work — each with a published mandate, a member-appointed chair, and minutes released under the disclosure policy.

  • Investment Committee

    Reviews and recommends every commitment above delegated thresholds; owns portfolio limits by economy, sector, and instrument.

  • Risk & Audit Committee

    Oversees the risk framework, the external audit, and the integrity function; meets without management present at least annually.

  • Membership & Governance Committee

    Assesses accession applications against the coalition’s standards and keeps the governance texts current.

  • Evaluation Oversight Committee

    Protects the independence of evaluation — its budget, work programme, and unedited publication.

How a decision travels

Every commitment passes the same five gates, in the same order — no shortcuts, whatever the size.

  1. Origination

    Regional secretariat + member authority

    A national priority becomes a structured proposal.

  2. Independent review

    Risk & Compliance office

    Risk, integrity, and safeguards review — separate from the originating team.

  3. Committee

    Investment Committee

    Recommendation against portfolio limits and the results framework.

  4. Approval

    Executive Board (or Council above thresholds)

    Decision minuted and published.

  5. Evaluation

    Independent Evaluation Panel

    Outcomes reported above management, released in full.

Basic Documents

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