Organizational Information and Lending Data Appendixes

Annual Report 2015

Organizational Information and Lending Data Appendixes

1

Contents Lending Data 4

Africa: World Bank Lending by Theme and Sector 5

East Asia and Pacific: World Bank Lending by Theme and Sector 6

Europe and Central Asia: World Bank Lending by Theme and Sector 7

Latin America and the Caribbean: World Bank Lending by Theme and Sector 8

Middle East and North Africa: World Bank Lending by Theme and Sector 9

South Asia: World Bank Lending by Theme and Sector 10

Africa: World Bank Commitments, Disbursements, and Net Transfers 11

East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers 12

Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers 13

Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers 14

Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers 15

South Asia: World Bank Commitments, Disbursements, and Net Transfers 16

Active Project Portfolio by Region, Theme, and Sector 17

Operations Approved for IBRD and IDA Assistance in Fiscal 2015, by Region and Country 18

World Bank Development Policy Operations 21

World Bank Development Policy Commitments 23

IBRD and IDA Cumulative Lending by Theme and Sector, by Region: Fiscal 2011–15 24

IBRD and IDA Cumulative Lending, by Country: Fiscal 1945–2015 26

New Operations Approved 31 Summaries of Operations Approved during Fiscal 2014, All Regions 32

Income by Region 47 Population living below $1.25 and $2 a day (1981–2011) 48

Share of people living on less than $1.25 a day 49

The number of people living on less than $1.25 a day and between $1.25 and $2 a day 50

Gross Domestic Product per Capita Index (2004–14) 51

Organizational Information 52 Governors and Alternatives of the World Bank (June 30, 2015) 53

Executive Directors and Alternates of the World Bank and Their Voting Power (June 30, 2015) 58

Development Committee Communique (October 11, 2014) 61

Development Committee Communique (April 18, 2015) 64

Officers of the World Bank (June 30, 2015) 67

Organization Chart of the World Bank (March 2, 2015) 68

Remuneration of Executive Management, Executive Directors, and Staff (Fiscal 2015) 69

Offices of the World Bank 72

International Development Association Membership (June 30, 2015) 89

International Bank for Reconstruction and Development Membership (June 30, 2015) 84

2

Country Eligibility for Borrowing from the World Bank (July 1, 2015) 89

World Bank Expenditures by Organizational Unit (Fiscal 2011–15) 92

Contribution: Top-10 Trust Fund Donors (Fiscal 2015) 93

Global Reporting Initiative (GRI) Index – G4 Sustainability Reporting 94 World Bank Lending 2014 159

3

Lending Data

Africa: World Bank Lending by Theme and Sector 5

East Asia and Pacific: World Bank Lending by Theme and Sector 6

Europe and Central Asia: World Bank Lending by Theme and Sector 7

Latin America and the Caribbean: World Bank Lending by Theme and Sector 8

Middle East and North Africa: World Bank Lending by Theme and Sector 9

South Asia: World Bank Lending by Theme and Sector 10

Africa: World Bank Commitments, Disbursements, and Net Transfers 11

East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers 12

Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers 13

Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers 14

Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers 15

South Asia: World Bank Commitments, Disbursements, and Net Transfers 16

Active Project Portfolio by Region, Theme, and Sector 17

Operations Approved for IBRD and IDA Assistance in Fiscal 2015, by Region and Country 18

World Bank Development Policy Operations 21

World Bank Development Policy Commitments 23

IBRD and IDA Cumulative Lending by Theme and Sector, by Region: Fiscal 2011–15 24

IBRD and IDA Cumulative Lending, by Country: Fiscal 1945–2015 26

4

millions of dollars

Theme 2011 2012 2013 2014 2015

Economic Management 109 23 39 93 485Environment and Natural Resources Management 424 1,005 466 1,176 628Financial and Private Sector Development 1,462 1,198 1,042 2,052 1,734Human Development 744 676 699 1,169 2,582Public Sector Governance 1,042 869 912 887 1,421Rule of Law 7 22 96 34 6Rural Development 989 907 1,335 1,727 1,498Social Development, Gender, and Inclusion 131 260 264 246 257Social Protection and Risk Management 251 939 866 1,057 1,406Trade and Integration 790 372 1,360 741 669Urban Development 1,112 1,253 1,167 1,431 881

Total 7,060 7,525 8,245 10,613 11,569

Sector 2011 2012 2013 2014 2015

Agriculture, Fishing, and Forestry 843 739 970 1,132 947Education 498 220 626 692 712Energy and Mining 890 1,374 1,218 1,950 1,010Finance 107 95 36 397 638Health and Other Social Services 591 1,125 997 967 2,809Industry and Trade 433 332 258 480 342Information and Communications 259 63 106 76 141Public Administration, Law, and Justice 1,856 1,874 1,782 2,140 2,975Transportation 938 351 1,843 1,467 1,239Water, Sanitation, and Flood Protection 646 1,352 410 1,312 755

Total 7,060 7,525 8,245 10,613 11,569

Of which IBRD 56 147 42 420 1,209Of which IDA 7,004 7,379 8,203 10,193 10,360

Note: Numbers may not add to totals because of rounding.

Africa: World Bank Lending by Theme and Sector | Fiscal 2011–15

5

millions of dollars

Theme 2011 2012 2013 2014 2015

Economic Management 161 345 92 30 4Environment and Natural Resources Management 1,510 781 683 674 793Financial and Private Sector Development 1,029 1,048 692 1,370 1,270Human Development 311 466 668 776 332Public Sector Governance 1,596 941 675 680 343Rule of Law 35 0 0 0 0Rural Development 1,114 699 1,341 803 1,703Social Development, Gender, and Inclusion 153 83 462 297 162Social Protection and Risk Management 259 934 514 614 155Trade and Integration 562 273 257 192 78Urban Development 1,268 1,057 863 878 1,502

Total 7,997 6,628 6,247 6,313 6,342

Sector 2011 2012 2013 2014 2015

Agriculture, Fishing, and Forestry 325 395 185 597 947Education 164 249 579 557 226Energy and Mining 1,695 508 736 827 530Finance 32 537 313 68 501Health and Other Social Services 290 391 542 487 252Industry and Trade 246 90 271 258 281Information and Communications 28 53 35 52 67Public Administration, Law, and Justice 2,221 1,988 1,428 1,263 1,166Transportation 1,942 1,070 1,098 1,870 1,159Water, Sanitation, and Flood Protection 1,056 1,348 1,061 333 1,212

Total 7,997 6,628 6,247 6,313 6,342

Of which IBRD 6,370 5,431 3,661 4,181 4,539Of which IDA 1,627 1,197 2,586 2,131 1,803

East Asia and Pacific: World Bank Lending by Theme and Sector | Fiscal 2011–15


6

millions of dollars

Theme 2011 2012 2013 2014 2015

Economic Management 363 616 218 338 488Environment and Natural Resources Management 1,377 547 382 221 374Financial and Private Sector Development 1,338 1,715 1,220 1,375 2,627Human Development 601 837 293 640 591Public Sector Governance 246 949 608 1,054 310Rule of Law 33 17 461 66 428Rural Development 199 104 330 603 352Social Development, Gender, and Inclusion 88 48 12 0 27Social Protection and Risk Management 1,302 355 814 380 1,112Trade and Integration 368 1,206 737 65 651Urban Development 208 201 243 786 248

Total 6,125 6,595 5,320 5,527 7,207

Sector 2011 2012 2013 2014 2015

Agriculture, Fishing, and Forestry 121 60 199 449 146Education 220 95 74 90 329Energy and Mining 1,870 1,559 332 1,203 1,414Finance 380 494 1,215 462 930Health and Other Social Services 1,204 1,202 630 552 905Industry and Trade 253 229 483 456 858Information and Communications 28 14 5 13 42Public Administration, Law, and Justice 1,663 1,545 1,326 1,708 1,069Transportation 243 1,280 916 89 1,118Water, Sanitation, and Flood Protection 142 119 140 507 396

Total 6,125 6,595 5,320 5,527 7,207

Of which IBRD 5,470 6,233 4,591 4,729 6,679Of which IDA 655 362 729 798 527

Europe and Central Asia: World Bank Lending by Theme and Sector | Fiscal 2011–15


7

millions of dollars

Theme 2011 2012 2013 2014 2015

Economic Management 22 274 135 65 144Environment and Natural Resources Management 1,266 1,032 428 457 146Financial and Private Sector Development 1,116 382 203 131 260Human Development 1,553 1,399 995 695 1,100Public Sector Governance 776 864 1,108 1,549 438Rule of Law 85 75 8 0 301Rural Development 723 816 647 399 329Social Development, Gender, and Inclusion 206 198 307 394 705Social Protection and Risk Management 2,454 794 819 543 1,876Trade and Integration 154 20 212 72 31Urban Development 1,274 775 344 763 695

Total 9,629 6,629 5,204 5,068 6,024

Sector 2011 2012 2013 2014 2015

Agriculture, Fishing, and Forestry 213 730 324 228 110Education 348 1,038 639 672 1,033Energy and Mining 592 12 140 54 291Finance 282 287 154 89 465Health and Other Social Services 3,089 606 891 711 1,596Industry and Trade 750 364 164 142 365Information and Communications 109 21 3 0 36Public Administration, Law, and Justice 2,039 2,025 2,084 1,841 1,339Transportation 1,120 1,235 694 746 361Water, Sanitation, and Flood Protection 1,088 310 111 586 428

Total 9,629 6,629 5,204 5,068 6,024


Latin America and the Caribbean: World Bank Lending by Theme and Sector | Fiscal 2011–15


8

millions of dollars

Theme 2011 2012 2013 2014 2015

Economic Management 0 35 0 46 22Environment and Natural Resources Management 295 200 78 277 778Financial and Private Sector Development 377 308 979 862 580Human Development 181 116 300 129 155Public Sector Governance 197 110 165 427 45Rule of Law 0 11 0 189 0Rural Development 418 135 237 462 50Social Development, Gender, and Inclusion 89 109 53 103 344Social Protection and Risk Management 159 249 147 24 428Trade and Integration 109 0 40 239 144Urban Development 241 241 59 30 945

Total 2,065 1,513 2,058 2,788 3,492

Sector 2011 2012 2013 2014 2015

Agriculture, Fishing, and Forestry 251 2 203 120 0Education 40 119 204 0 73Energy and Mining 0 445 591 210 1,005Finance 50 135 210 773 550Health and Other Social Services 234 390 243 210 600Industry and Trade 109 59 88 113 225Information and Communications 50 0 55 219 0Public Administration, Law, and Justice 327 286 334 539 418Transportation 483 4 31 431 10Water, Sanitation, and Flood Protection 520 73 98 174 611

Total 2,065 1,513 2,058 2,788 3,492


Middle East and North Africa: World Bank Lending by Theme and Sector | Fiscal 2011–15


9

millions of dollars

Theme 2011 2012 2013 2014 2015

Economic Management 0 0 0 384 2Environment and Natural Resources Management 1,230 431 433 1,077 445Financial and Private Sector Development 2,660 92 243 2,238 2,025Human Development 838 1,467 1,393 1,783 1,284Public Sector Governance 661 303 323 655 275Rule of Law 9 1 25 2 90Rural Development 2,194 2,781 762 2,444 1,151Social Development, Gender, and Inclusion 241 549 211 25 241Social Protection and Risk Management 1,265 231 797 969 1,600Trade and Integration 622 0 101 334 154Urban Development 410 590 186 624 594

Total 10,130 6,446 4,474 10,535 7,860

Sector 2011 2012 2013 2014 2015

Agriculture, Fishing, and Forestry 375 1,208 231 533 876Education 464 1,237 609 1,446 1,162Energy and Mining 760 1,103 263 2,446 259Finance 46 216 127 195 970Health and Other Social Services 1,299 477 1,061 426 484Industry and Trade 376 278 168 359 240Information and Communications 166 7 24 22 36Public Administration, Law, and Justice 1,567 1,011 1,037 1,347 1,213Transportation 3,913 506 553 2,342 1,263Water, Sanitation, and Flood Protection 1,165 403 401 1,419 1,357

Total 10,130 6,446 4,474 10,535 7,860

Of which IBRD 3,730 1,158 378 2,077 2,098Of which IDA 6,400 5,288 4,096 8,458 5,762

South Asia: World Bank Lending by Theme and Sector | Fiscal 2011–15


10

millions of dollars

Item 2015 2011–15 2015 2011–15 2015 2011–15 2015 2011–15

IBRD and IDA commitments 1,475 6,393 1,320 5,609 842 2,928 11,569 45,012Undisbursed balances 4,529 4,529 3,511 3,511 1,969 1,969 29,568 29,568Gross disbursements 934 2,971 744 825 630 2,888 7,414 32,385Repayments 69 926 19 408 20 52 490 2,237Net disbursements 864 2,045 725 417 610 2,836 6,924 30,148Interest and charges 44 305 30 276 37 148 425 1,506Net transfers 820 1,740 696 141 573 2,689 6,498 28,642

Africa: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2011–15

Note: The table shows the three countries with the largest IBRD and IDA lending commitments in the region over the past two fiscal years (2014 and 2015). IBRD and IDA commitments do not include Heavily Indebted Poor Countries (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries; and principal, interest, and charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding.

Ethiopia Tanzania Total regionNigeria

11

millions of dollars

Item 2015 2011–15 2015 2011–15 2015 2011–15 2015 2011–15

IBRD and IDA commitments 1,822 7,977 1,534 8,554 917 3,740 6,342 33,526Undisbursed balances 7,357 7,357 5,789 5,789 1,640 1,640 21,608 21,608Gross disbursements 1,566 3,535 1,360 6,618 1,034 4,818 5,094 25,991Repayments 2,150 2,442 107 404 188 1,934 2,943 17,097Net disbursements -585 1,093 1,253 6,214 846 2,883 2,151 8,894Interest and charges 119 1,181 108 414 70 544 580 3,235Net transfers -703 -89 1,144 5,799 776 2,340 1,571 5,659

East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2011–15


China PhilippinesVietnam Total region

12

millions of dollars

Item 2015 2011–15 2015 2011–15 2015 2011–15 2015 2011–15

IBRD and IDA commitments 1,345 3,537 243 4,693 1,150 5,221 7,207 30,863Undisbursed balances 1,919 1,919 910 910 1,437 1,437 12,777 12,777Gross disbursements 753 2,657 879 3,936 981 6,824 6,144 30,844Repayments 232 1,271 311 1,543 799 3,896 2,927 15,208Net disbursements 520 1,386 568 2,393 182 2,928 3,216 15,637Interest and charges 28 144 69 291 125 851 492 2,897Net transfers 492 1,241 500 2,101 57 2,077 2,725 12,740

Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers I Fiscal 2011–15


Romania Turkey Total regionUkraine

13

millions of dollars

Item 2015 2011–15 2015 2011–15 2015 2011–15 2015 2011–15

IBRD and IDA commitments 550 11,391 1,400 3,845 1,337 3,558 6,024 32,555Undisbursed balances 4,394 4,394 1,045 1,045 2,851 2,851 15,230 15,230Gross disbursements 1,904 6,591 1,530 2,250 669 3,279 6,121 33,480Repayments 363 10,887 656 824 686 1,373 2,820 20,798Net disbursements 1,542 -4,296 874 1,426 -17 1,907 3,300 12,682Interest and charges 188 844 207 253 124 413 962 5,292Net transfers 1,353 -5,140 667 1,173 -141 1,494 2,339 7,390

Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2011–15


Brazil Argentina Total regionColombia

14

millions of dollars

Item 2015 2011–15 2015 2011–15 2015 2011–15 2015 2011–15

IBRD and IDA commitments 1,055 3,890 1,400 3,355 300 1,868 3,492 11,915Undisbursed balances 1,304 1,304 3,841 3,841 489 489 7,565 7,565Gross disbursements 592 7,049 839 4,019 285 1,674 1,974 8,854Repayments 165 2,758 220 57 150 802 871 4,167Net disbursements 427 4,290 620 3,962 136 872 1,103 4,687Interest and charges 56 1,381 48 105 29 191 170 969Net transfers 371 2,909 572 3,857 107 681 932 3,718

Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2011–15


Morocco Tunisia Total region Egypt, Arab Rep.

15

millions of dollars

Item 2015 2011–15 2015 2011–15 2015 2011–15 2015 2011–15

IBRD and IDA commitments 3,785 18,939 1,924 8,384 1,351 7,536 7,860 39,355Undisbursed balances 16,588 16,588 5,218 5,218 2,826 2,826 27,411 27,411Gross disbursements 2,657 11,620 870 12,273 1,164 3,658 5,185 22,649Repayments 2,217 8,868 293 8,251 403 423 3,054 12,807Net disbursements 441 2,752 576 4,023 761 3,235 2,131 9,841Interest and charges 272 1,454 84 919 122 174 517 2,596Net transfers 169 1,298 493 3,104 640 3,061 1,614 7,245

South Asia: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2011–15


Total regionIndia PakistanBangladesh

16

Region ($ billions) (percent)Africa 54.4 27East Asia and Pacific 32.3 16Europe and Central Asia 26.5 13Latin America and the Caribbean 27.6 14Middle East and North Africa 13.5 7South Asia 46.1 23Other 0.0 0

Total 200.4 100

Theme ($ billions) (percent)Economic Management 3.0 2Environment and Natural Resources Management 23.5 12Financial and Private Sector Development 37.7 19Human Development 25.2 13Public Sector Governance 12.1 6Rule of Law 1.2 1Rural Development 30.6 15Social Development, Gender, and Inclusion 6.7 3Social Protection and Risk Management 19.4 10Trade and Integration 13.6 7Urban Development 27.4 14

Total 200.4 100

Sector ($ billions) (percent)Agriculture, Fishing, and Forestry 16.1 8Education 15.6 8Energy and Mining 30.5 15Finance 7.5 4Health and Other Social Services 20.5 10Industry and Trade 6.2 3Information and Communications 1.6 1Public Administration, Law, and Justice 35.3 18Transportation 41.8 21Water, Sanitation, and Flood Protection 25.4 13

Total 200.4 100

Active Project Portfolio by Region, Theme, and Sector | June 30, 2015

Net commitments

Net commitments

Net commitments

Note: Portfolio of projects includes IBRD/IDA operations as well as other trust-funded operations (that is, special financing operations, global environment facility operations, large recipient-executed operations, Montreal protocol operations) that are implemented by the World Bank.

17

millions of dollars

Region and country Operations Amount Operations Amount Operations Amount

AfricaAfrica (regional) 12 1,936 12 1,936Angola 1 650 1 650Benin 2 60 2 60Burkina Faso 3 230 3 230Burundi 3 72 3 72Cabo Verde 1 10 1 10Cameroon 1 100 1 100Central African Republic 2 22 2 22Chad 1 18 1 18Comoros 2 9 2 9Congo, Dem. Rep. 4 487 4 487Congo, Rep. 1 45 15 1 60Côte d'Ivoire 4 240 4 240Eastern Africa 6 354 6 354Ethiopia 3 1,320 3 1,320Gambia, The 1 5 1 5Ghana 3 680 3 680Guinea 4 100 4 100Guinea-Bissau 1 5 1 5Kenya 5 795 5 795Liberia 2 90 2 90Madagascar 2 95 2 95Malawi 2 155 2 155Mali 2 96 2 96Mauritania 1 15 1 15Mozambique 6 394 6 394Niger 2 117 2 117Nigeria 1 500 3 975 4 1,475Rwanda 3 270 3 270Senegal 3 170 3 170Seychelles 2 14 2 14Sierra Leone 1 30 1 30South Sudan 1 9 1 9Tanzania 6 842 6 842Uganda 4 515 4 515Zambia 2 130 2 130

Total 5 1,209 98 10,360 103 11,569

East Asia and PacificChina 14 1,822 14 1,822Fiji 1 50 1 50Indonesia 2 1,000 2 1,000Kiribati 1 9 1 9Lao PDR 4 83 4 83Marshall Islands 2 8 2 8Micronesia, Fed. Sts. 2 53 2 53Myanmar 4 700 4 700Pacific Islands 4 13 4 13Philippines 3 917 3 917

IBRD IDA Total

Operations Approved for IBRD and IDA Assistance in Fiscal 2015, by Region and Country

18

Region and country Operations Amount Operations Amount Operations AmountIBRD IDA Total

Samoa 3 37 3 37Solomon Islands 3 24 3 24Tonga 2 16 2 16Tuvalu 3 16 3 16Vanuatu 2 61 2 61Vietnam 2 750 5 784 7 1,534

Total 22 4,539 35 1,803 57 6,342

Europe and Central AsiaAlbania 5 507 5 507Armenia 4 247 4 247Azerbaijan 2 300 2 300Belarus 2 291 2 291Bosnia and Herzegovina 1 50 1 50Central Asia 1 45 1 45Croatia 2 279 2 279Georgia 4 225 4 225Kazakhstan 3 228 3 228Kyrgyz Republic 4 76 4 76Macedonia, FYR 1 71 1 71Moldova 2 71 1 29 3 100Montenegro 1 69 1 69Poland 1 966 1 966Romania 1 243 1 243Serbia 3 444 3 444Tajikistan 7 72 7 72Turkey 2 1,150 2 1,150Ukraine 4 1,345 4 1,345Uzbekistan 1 195 2 305 3 500

Total 39 6,679 15 527 54 7,207

Latin America and the CaribbeanArgentina 6 1,337 6 1,337Belize 1 30 1 30Bolivia 1 100 100 1 200Brazil 2 550 2 550Colombia 2 1,400 2 1,400Dominican Republic 2 105 2 105Ecuador 1 103 1 103Grenada 1 1Haiti 1 50 1 50Honduras 2 80 2 80Jamaica 4 180 4 180Mexico 3 850 3 850Nicaragua 2 85 2 85Panama 1 300 1 300Paraguay 1 100 1 100Peru 2 455 2 455Uruguay 1 200 1 200

Total 28 5,709 5 315 33 6,024

19

Region and country Operations Amount Operations Amount Operations AmountIBRD IDA Total

Middle East and North AfricaDjibouti 1 5 1 5Egypt, Arab Rep. 3 1,400 3 1,400Jordan 1 50 1 50Lebanon 2 489 2 489Morocco 6 1,055 6 1,055Tunisia 1 300 1 300Yemen, Rep. 3 193 3 193

Total 13 3,294 4 198 17 3,492

South AsiaAfghanistan 1 22 1 22Bangladesh 7 1,924 7 1,924Bhutan 1 20 1 20India 5 2,098 8 1,687 13 3,785Maldives 0 3 0 3Nepal 5 541 5 541Pakistan 9 1,351 9 1,351Sri Lanka 2 215 2 215

Total 5 2,098 33 5,762 38 7,860

Overall total 112 23,528 190 18,966 302 42,495

Note: Data include guarantees. Supplemental and additional financing operations (except for projects scaled up through additional financing) are not counted as separate lending operations, although they are included in the amount. Joint IBRD-IDA operations are counted only once, as IBRD operations. A blank space indicates zero. Data as of 7/21/2015

20

millions of dollars

Country Project ID Operation IBRD IDA Total

Africa P129282 Regional Trade Facilitation and Competitiveness Development Policy Operation 0 100 100Albania P149765 Public Finance Policy Based Guarantee 227 0 227Angola P153243 Fiscal Management Programmatic Development Policy Financing 450 0 450Angola P155323 First Fiscal Management Development Policy Financing 200 0 200Armenia P143040 Second Development Policy Operation 75 0 75Benin P146665 Tenth Poverty Reduction Support Credit 0 20 20Bhutan P147806 First Fiscal Sustainability and Investment Climate Development Policy Credit 0 20 20Bolivia P150751 Disaster Risk Management Development Policy Credit and Loan 100 100 200Bosnia and Herzegovina P146740 Business Environment Development Policy Loan 50 0 50Brazil P147984 Strengthening Fiscal Management and Promoting Better and More Inclusive Service Delivery 400 0 400Burkina Faso P151275 Fourth Growth and Competitiveness Operation 0 100 100Burundi P150941 Eight Economic Reform Support Grant 0 25 25Cabo Verde P147015 Ninth Poverty Reduction Support Credit 0 10 10Colombia P145766 Second Programmatic Productive and Sustainable Cities Operation 700 0 700Colombia P149609 First Programmatic Sustained Growth and Income Convergence Development Policy Loan 700 0 700Comoros P150924 Second Economic Governance Reform Grant 0 3 3Côte d'Ivoire P143781 Second Poverty Reduction Support Credit 0 70 70Georgia P149991 First Programmatic Inclusive Growth Development Policy Operation 60 0 60Georgia P149998 First Programmatic Private Sector Competitiveness Development Policy Operation 60 0 60Ghana P133664 First Macroeconomic Stability for Competitiveness and Growth Development Policy Financing 0 150 150Ghana P155550 First Macroeconomic Stability for Competitiveness and Growth Development Policy Financing 0 400 400Guinea P151794 Emergency Macroeconomic and Fiscal Support Development Policy Operation 0 50 50Honduras P151803 Fiscal Sustainability and Enhanced Social Protection Development Policy Credit 0 55 55Indonesia P145550 Financial Sector Reform and Modernization Development Policy Operation 500 0 500Jamaica P151448 First Competitiveness and Fiscal Management Programmatic Development Policy Loan 75 0 75Kiribati P149888 Second Economic Reform Development Policy Operation 0 3 3Kyrgyz Republic P152440 Energy Sector Development Policy Operation 0 24 24Liberia P146619 Second Poverty Reduction Support Development Policy Operation 0 30 30Madagascar P150503 Reengagement Development Policy Operation 0 45 45Mali P145275 First Recovery and Governance Reform Support Operation 0 63 63Morocco P128869 Second Economic Competitiveness Support Program Development Policy Loan 200 0 200Morocco P144185 Second Skills and Employment Development Policy Loan 100 0 100Morocco P148642 Fourth Municipal Solid Waste Sector Development Policy Loan 130 0 130Mozambique P133687 First Programmatic Financial Sector Development Policy Operation 0 25 25

World Bank Development Policy Operations | Fiscal 2015

21

Country Project ID Operation IBRD IDA Total

Mozambique P146398 Second Climate Change Development Policy Operation 0 50 50Mozambique P146537 Tenth Poverty Reduction Support Development Policy Financing 0 110 110Mozambique P146930 Second Agriculture Development Policy Operation 0 50 50Nepal P133777 Post-Disaster Second Financial Sector Stability Credit 0 100 100Nigeria P151480 Edo State Fiscal Improvement and Service Delivery Development Policy Operation 0 75 75Nigeria P151947 Third Lagos State Development Policy Operation 0 200 200Pakistan P151620 Second Fiscally Sustainable and Inclusive Growth Development Policy Credit 0 500 500Panama P151804 First Programmatic Shared Prosperity Development Policy Loan 300 0 300Paraguay P151007 Enhancing Fiscal Mangement, Social Protection, and Financial Inclusion Development Policy Loan with a Deferred

Drawdown Option100 0 100

Peru P149831 Second Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option 400 0 400Philippines P147803 Third Development Policy Loan to Foster More Inclusive Growth 300 0 300Poland P146243 First Resilience and Growth Development Policy Loan 966 0 966Rwanda P151279 Social Protection System Development Policy Credit 0 70 70Samoa P149770 First Fiscal and Economic Reform Development Policy Grant 0 8 8Serbia P127408 First Programmatic State-Owned Enterprises Reform Development Policy Loan 100 0 100Seychelles P146567 Third Sustainability and Competitiveness Development Policy Loan 7 0 7Seychelles P148861 Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option 7 0 7Sierra Leone P146726 Emergency Economic and Fiscal Support Operation 0 30 30Solomon Islands P149886 Economic Reform and Recovery Development Policy Operation 0 5 5Tanzania P133798 First Open Government and Public Financial Management Development Policy Operation 0 100 100Tonga P149963 Second Economic Reform Support Development Policy Operation 0 5 5Turkey P146322 Sustaining Shared Growth Development Policy Operation 500 0 500Tuvalu P150194 Second Development Policy Operation 0 2 2Ukraine P150677 First Programmatic Financial Sector Development Policy Loan 500 0 500

Total 7,207 2,597 9,804


22

Region ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent)

Africa 1,357 11 1,325 11 938 10 926 9 2440 25East Asia and Pacific 2,545 21 3,331 27 1,635 18 1,770 17 822 8Europe and Central Asia 3,166 26 3,934 32 2,529 27 2,506 24 2562 26Latin America and the Caribbean 3,613 30 3,434 28 2,875 31 2,832 27 2930 30Middle East and North Africa 1,100 9 350 3 1,093 12 1,300 12 430 4South Asia 175 1 0 0 166 2 1,152 11 620 6

Total 11,956 100 12,375 100 9,236 100 10,487 100 9,804 100

World Bank development policy loan commitmentsIBRD 9,924 83 10,547 85 7,282 79 7,997 76 7,207 74IDA 2,032 17 1,827 15 1,954 21 2,489 24 2,597 26

Total 11,956 100 12,375 100 9,236 100 10,487 100 9,804 100

World Bank total lending commitmentsIBRD 26,737 20,582 15,249 18,604 23,528 IDA 16,269 14,753 16,298 22,239 18,966

Total 43,006 35,335 31,547 40,843 42,495

Share of development policy commitments 28 35 29 26 23

World Bank Development Policy Commitments | Fiscal 2011–15


2011 2012 2013 2014 2015

23

millions of dollars

ThemeEconomic Management 72 440 1,992 586 103 0 3,194

Environment and Natural Resources Management 0 3,167 2,618 3,267 1,610 1,173 11,835

Financial and Private Sector Development 999 4,260 7,868 2,007 2,977 4,783 22,894

Human Development 26 1,483 2,484 5,465 705 26 10,189

Public Sector Governance 497 3,372 2,933 4,423 897 330 12,452

Rule of Law 2 9 967 451 199 0 1,627

Rural Development 3 3,489 908 2,363 1,174 1,962 9,898

Social Development, Gender, and Inclusion 1 853 129 1,753 622 158 3,516

Social Protection and Risk Management 137 2,055 3,683 5,935 789 185 12,784

Trade and Integration 38 926 2,715 471 478 138 4,766

Urban Development 99 4,127 1,405 3,716 1,512 688 11,547

Total 1,873 24,181 27,703 30,437 11,066 9,441 104,701

SectorAgriculture, Fishing, and Forestry 1 1,604 456 1,501 572 266 4,400

Education 5 1,003 689 3,627 312 0 5,636

Energy and Mining 445 3,419 6,084 933 2,221 1,104 14,205

Finance 505 1,110 3,334 1,229 1,701 551 8,429

Health and Other Social Services 29 1,283 4,045 6,569 1,412 34 13,372

Industry and Trade 26 750 2,137 1,725 567 198 5,402

Information and Communications 49 108 87 136 321 61 762

Public Administration, Law, and Justice 796 6,158 6,796 8,604 1,724 799 24,877

Transportation 7 5,261 3,153 3,803 799 5,160 18,183

Water, Sanitation, and Flood Protection 10 3,486 922 2,311 1,437 1,269 9,435

Total 1,873 24,181 27,703 30,437 11,066 9,441 104,701

Region

South Asia TotalIBRD commitmentsa

IBRD and IDA Cumulative Lending by Theme and Sector, by Region | Fiscal 2011–15

Latin America and the

CaribbeanEurope and Central Asia

East Asia and PacificAfrica

Middle East and North

Africa

24

ThemeEconomic Management 677 190 31 54 0 386 1,338

Environment and Natural Resources Management 3,700 1,276 283 62 17 2,445 7,782

Financial and Private Sector Development 6,490 1,149 407 85 129 2,475 10,736

Human Development 5,844 1,070 479 277 175 6,739 14,583

Public Sector Governance 4,634 862 234 311 47 1,888 7,976

Rule of Law 163 26 38 19 1 127 374

Rural Development 6,453 2,171 679 551 128 7,369 17,351

Social Development, Gender, and Inclusion 1,158 302 47 55 76 1,110 2,749

Social Protection and Risk Management 4,381 419 280 551 218 4,677 10,527

Trade and Integration 3,894 436 312 18 53 1,073 5,787

Urban Development 5,745 1,442 281 134 4 1,716 9,322

Total 43,139 9,345 3,071 2,118 849 30,004 88,525

SectorAgriculture, Fishing, and Forestry 4,630 845 518 104 5 2,958 9,059

Education 2,742 773 119 102 124 4,918 8,778

Energy and Mining 5,997 877 294 155 30 3,727 11,079

Finance 768 341 146 48 18 1,003 2,323

Health and Other Social Services 6,460 678 447 324 266 3,714 11,888

Industry and Trade 1,820 395 142 61 27 1,222 3,667

Information and Communications 596 126 15 33 3 195 967

Public Administration, Law, and Justice 9,831 1,908 514 725 180 5,375 18,532

Transportation 5,831 1,879 493 353 159 3,417 12,132

Water, Sanitation, and Flood Protection 4,465 1,524 382 213 38 3,476 10,099

Total 43,139 9,345 3,071 2,118 849 30,004 88,525

Latin America and the

Caribbean South Asia TotalIDA commitmentsa AfricaEast Asia and

PacificEurope and Central Asia

RegionMiddle East and North

Africa

Note: Figures are cumulative since fiscal 2011, the first year for which reclassified sector and theme data are available. Starting fiscal 2005, lending includes guarantees and guarantee facilities. Amounts may not add to totals because of rounding.a. No account is taken of cancellations subsequent to the original commitment. IBRD loans to IFC are excluded.

25

IBRD IDA IBRD/IDA Country Amount Amount Amount

Afghanistan 3,022 3,022Africa (regional) 324 10,304 10,628Albania 1,080 950 2,030Algeria 5,892 5,892Angola 650 1,024 1,674Antigua and Barbuda 10 10Argentina 30,614 30,614Armenia 730 1,408 2,137Australia 418 418Austria 106 106Azerbaijan 2,658 1,128 3,786Bahamas, The 43 43Bangladesh 46 23,503 23,549Barbados 153 153Belarus 1,426 1,426Belgium 76 76Belize 131 131Benin 1,828 1,828Bhutan 296 296Bolivia 414 2,613 3,027Bosnia and Herzegovina 345 1,440 1,785Botswana 896 16 912Brazil 58,837 58,837Bulgaria 2,933 2,933Burkina Faso 2 3,815 3,817Burundi 5 1,846 1,850Cambodia 899 899Cabo Verde 54 367 420Cameroon 1,348 2,288 3,636Central Asia 45 45Central African Republic 723 723Central America (regional) 32 32Chad 40 1,233 1,273Chile 4,156 19 4,175China 45,882 9,947 55,828Colombia 21,719 20 21,739Comoros 177 177Congo, Dem. Rep. 330 6,276 6,606Congo, Rep. 262 573 835Costa Rica 1,836 6 1,842Côte d'Ivoire 2,888 3,688 6,575Croatia 4,230 4,230Cyprus 419 419

IBRD and IDA Cumulative Lending, by Country | Fiscal 1945–2015millions of dollars

26


Czech Republic 776 776Denmark 85 85Djibouti 244 244Dominica 7 40 46Dominican Republic 2,138 22 2,160East Asia (regional) 17 17Ecuador 3,658 37 3,695Egypt, Arab Rep. 13,217 1,984 15,201El Salvador 2,323 26 2,348Equatorial Guinea 45 45Eritrea 549 549Estonia 151 151Ethiopia 109 14,443 14,551Fiji 203 203Finland 317 317France 250 250Gabon 285 285Gambia, The 363 363Georgia 834 1,550 2,383Ghana 207 8,682 8,889Greece 491 491Grenada 27 62 89Guatemala 3,368 3,368Guinea 75 1,741 1,817Guinea-Bissau 418 418Guyana 80 391 471Haiti 3 1,651 1,654Honduras 717 2,245 2,962Hungary 5,661 5,661Iceland 47 47India 52,736 49,399 102,135Indonesia 47,594 2,875 50,469Iran, Islamic Rep. 3,413 3,413Iraq 761 509 1,270Ireland 153 153Israel 285 285Italy 400 400Jamaica 2,615 2,615Japan 863 863Jordan 3,680 85 3,766Kazakhstan 7,039 7,039Kenya 1,181 8,670 9,851Kiribati 58 58Korea, Rep. 15,587 111 15,698Kosovo 180 180Kyrgyz Republic 1,252 1,252

27


Lao PDR 1,374 1,374Latvia 985 985Lebanon 2,083 2,083Lesotho 155 603 758Liberia 156 1,114 1,270Lithuania 491 491Luxembourg 12 12Macedonia, FYR 1,336 379 1,714Madagascar 33 3,766 3,799Malawi 124 3,671 3,795Malaysia 4,151 4,151Maldives 188 188Mali 2 3,282 3,284Malta 8 8Marshall Islands 11 11Mauritania 146 1,138 1,284Mauritius 828 20 848Mexico 54,065 54,065Micronesia, Fed 53 53Moldova 382 768 1,150Mongolia 672 672Montenegro 310 75 385Morocco 14,730 51 14,781Mozambique 5,813 5,813Myanmar 33 2,306 2,339Namibia 15 15Nepal 4,502 4,502Netherlands 244 244New Zealand 127 127Nicaragua 234 1,895 2,128Niger 2,393 2,393Nigeria 7,143 12,176 19,319Norway 145 145

OECSa countries 95 177 271Oman 157 157Pacific Islands 13 13Pakistan 8,362 19,294 27,656Panama 2,631 2,631Papua New Guinea 787 485 1,271Paraguay 1,606 46 1,651Peru 10,084 10,084Philippines 17,299 294 17,593Poland 14,655 14,655Portugal 1,339 1,339Romania 12,847 12,847Russian Federation 14,151 14,151

28


Rwanda 2,912 2,912Samoa 242 242São Tomé and Príncipe 109 109Senegal 165 3,995 4,160Serbia 2,149 689 2,838Seychelles 57 57Sierra Leone 19 1,181 1,200Singapore 181 181Slovak Republic 425 425Slovenia 178 178Solomon Islands 112 112Somalia 492 492South Africa 4,053 4,053South Asia (regional) 766 766Southeastern Europe (regional) 10 91 101South Sudan 124 124Spain 479 479Sri Lanka 526 5,073 5,599St. Kitts and Nevis 23 2 25St. Lucia 37 70 107St. Vincent and the Grenadines 12 59 71Sudan 166 1,353 1,519Swaziland 152 8 160Syrian Arab Republic 613 47 661Taiwan, China 329 15 345Tajikistan 789 789Tanzania 319 11,115 11,434Thailand 9,143 125 9,268Timor-Leste 15 83 98Togo 20 1,155 1,175Tonga 126 126Trinidad and Tobago 334 334Tunisia 7,896 75 7,971Turkey 37,812 179 37,990Turkmenistan 90 90Tuvalu 36 36Uganda 9 8,277 8,286Ukraine 10,239 10,239Uruguay 4,223 4,223Uzbekistan 1,207 1,385 2,592Vanuatu 80 80Venezuela, RB 3,328 3,328Vietnam 2,818 17,246 20,064Yemen, Rep. 3,872 3,872Yugoslavia 6,091 6,091Zambia 679 3,670 4,349

29


Zimbabwe 983 662 1,645

Overall total 629,007 309,900 938,907

Note: Effective fiscal 2005, lending includes guarantees and guarantee facilities. Commitments in regional projects are classified in this table as regional projects and are not counted as commitments of the individual countries involved under the regional project. IDA figures exclude the HIPC grants of $45.5 million to Côte d'Ivoire in fiscal 2009. A blank space indicates zero. Project counts for countries are not included in this table, as approved operations may be reclassified as supplemental or additional financing operations during the life of the project. Consequently, total project counts may fluctuate from year to year. The commitment totals to countries, however, remain constant regardless of the project's classification.

a. OECS = Organization of Eastern Caribbean States.

30

New Operations Approved

Summaries of Operations Approved during Fiscal 2015, All Regions 32

31

Summaries of Operations Approved during Fiscal 2015

Region Country Project Name and Development Objectives Project IDDate of

ApprovalFirst/Last

Maturity DateaLending

InstrumentAdditional Financing

SpecialFinancingb

Civil Society Involvementc

IBRD (US$)

IDA (US$)

IDA (SDRd)

Special Financing grant (US$)

AFR Africa (Regional)

Central African Backbone Program (Fifth Phase) contributes to increase the geographical reach and usage of regional broadband infrastructure and to reduce the price of services to enable more people in the DRC to access information and communication technology services.

P132821 7/16/2014 - g IPF - - Yes - 92.1 59.8 -


Ebola Emergency Response Projectf contributes in the short term to the control of the Ebola Virus Disease (EVD) outbreak and the availability of selected essential health services, and mitigates the socioeconomic impact of EVD in Guinea, Liberia, and Sierra Leone.

P152359 9/16/2014 - g IPF - - - - 105.0 69.3 -


Regional Pastoral Livelihoods Resilience Project enhances livelihood resilience of pastoral and agro-pastoral communities in cross-border drought prone areas and improves the capacity of governments to respond promptly and effectively to an eligible emergency.

P150006 10/21/2014 2021/2052 c IPF Yes - Yes - 75.0 49.4 -


Southern African Power Pool (SAPP)–Program for Accelerating Transformational Energy Projects advance the preparation of selected priority regional energy projects in the SAPP participating countries.

P126661 11/11/2014 - g IPF - - - - 20.0 13.2 -


Ebola Emergency Response Project (additional financing)g contributes in the short term to the control of the Ebola Virus Disease (EVD) outbreak and the availability of selected essential health services, and mitigates the socioeconomic impact of EVD in Guinea, Liberia, and Sierra Leone.

P152980 11/18/2014 - g IPF Yes - - - 285.0 192.9 -


Kariba Dam Rehabilitation Project assist in improving the safety and reliability of the Kariba Dam.

P146515 12/9/2014 2021/2052 c IPF - - Yes - 75.0 50.6 -


Sahel Women's Empowerment and Demographics Projecth increases women and adolescent girls’ empowerment and access to quality reproductive, child, and maternal health services in selected areas of the participating countries, through improving regional knowledge generation and sharing as well as regional capacity and coordination.

P150080 12/18/2014 2021/2052-

cg

IPF - - Yes - 170.2 115.4 -


First South West Indian Ocean Fisheries Governance and Shared Growth Projecti improves the management effectiveness of priority fisheries and the community, regional, and national levels.

P132123 2/27/2015 2021/2052-

cg

IPF - - Yes - 75.5 50.9 -


West Africa Regional Fisheries Program (First Phase)j strengthens the governance and management of targeted fisheries and improves the handling of landed catch at selected sites.

P126773 3/16/2015 - g IPF - - Yes - 22.0 15.7 -


Sahel Women's Empowerment and Demographics Project (additional Financing to include Burkina Faso) increases women and adolescent girls’ empowerment and access to quality reproductive, child, and maternal health services, through improving regional knowledge generation and sharing as well as regional capacity and coordination.

P154549 4/23/2015 2021/2053-

cg IPF Yes - Yes - 34.8 24.8 -


Southern Africa Trade and Transport Facilitation Program (Second Phase) facilitates the movement of goods and people along the North-South Corridor and at key border crossings in Malawi, while supporting road safety and health services improvements along the corridor.

P145566 4/29/2015 2021/2053 c IPF - - Yes - 69.0 49.1 -


OMVG Interconnection Projectk enables electricity trade between The Gambia, Guinea, Guinea-Bissau, and Senegal.

P146830 4/29/2015 2021/2052 2021/2053

cc IPF - - Yes - 200.0 142.3 -


Regional Communications Infrastructure Program (Fifth Phase) supports Uganda's efforts to lower prices for international capacity and extend the reach of broadband networks and to improve government efficiency and transparency through e-Government applications.

P130871 5/22/2015 2021/2053 c IPF - - Yes - 75.0 54.4 -


Lake Victoria Environmental Management Project (Second Phase)l improves the collaborative management of the trans-boundary natural resources among partner states and the environmental management of targeted pollution hotspots and selected degraded sub-catchments.

P153466 5/26/2015 2021/2053-

cg IPF Yes - Yes - 22.0 16.1 -


Regional Sahel Pastoralism Support Projectm improves access to essential productive assets, services, and markets for pastoralists and agro-pastoralists across six countries, and strengthens country capacities to respond effectively to pastoral emergencies.

P147674 5/26/2015 2021/2053-

cg IPF - - Yes - 248.0 180.2 -


Sahel Malaria and Neglected Tropical Diseases Projectn increases access to and use of harmonized community-level services for the prevention and treatment of malaria and selected neglected tropical diseases in targeted cross-border areas in the Sahel region.

P149526 6/11/2015 2021/2053-

cg

IPF - - Yes - 121.0 87.5 -


Eastern Africa Regional Transport, Trade, and Development Facilitation Project (Second Phase) improves the movement of goods and people along the Eldoret-Nadapal/Nakodok road in Kenya, and enhances connectivity between Kenya and South Sudan.

P148853 6/11/2015 2021/2053 c IPF - - Yes - 500.0 362.5 -


Regional Trade Facilitation and Competitiveness Development Policy Operationo reduces trade transaction costs along the Abidjan-Ouagadougou corridor.

P129282 6/16/2015 2021/2053 c DPL - - - - 100.0 - -

AFR AngolaFirst Fiscal Management Programmatic Development Policy Operation strengthens the country's fiscal management to create the fiscal space needed to better protect the poor and vulnerable.

P153243 6/30/2015 2025/2044 l DPL - - - 450.0 - - -

AFR AngolaFirst Fiscal Management Development Policy Operation strengthens the country's fiscal management to create the fiscal space needed to better protect the poor and vulnerable.

P155323 6/30/2015 - gu DPL - - - 200.0 - - -

AFR Benin Tenth Poverty Reduction Support Credit promotes good governance and high-quality public financial management and strengthens private-sector competitiveness.

P146665 3/17/2015 2021/2053 c DPL - - Yes - 20.0 14.2 -

Principal Commitment Amounts (millions)e

32

http://www.worldbank.org/projects/P132821?lang=en






















ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



AFR BeninEmergency Urban Environment Project improves infrastructure and mitigates the negative environmental impact of floods in Cotonou Agglomeration and increases preparedness for future flooding.

P154601 5/29/2015 2021/2053 c IPF Yes - Yes - 40.0 29.0 -

AFR Burkina Faso Urban Water Sector Project increases access to sustainable water and sanitation services in selected urban areas.

P149556 1/12/2015 - g IPF Yes - - - 80.0 52.7 -

AFR Burkina FasoEducation Access and Quality Improvement Project increases access to preschool education in the two poorest regions and to secondary education in the five poorest regions, and improves teaching and learning.

P148062 4/2/2015 - g IPF - - Yes - 50.0 35.5 -

AFR Burkina Faso

Fourth Growth and Competitiveness Development Policy Operation enhances the government's ability to reduce costs in the agriculture and transport sectors, improve transparency and accountability in public resource mobilization and management, and reduce vulnerability to shock.

P151275 4/2/2015 2021/2052-

cg DPL - - Yes - 100.0 71.0 -

AFR BurundiEighth Economic Reform Support Grant strengthens public finance management and budget transparency, promotes private-sector development and economic diversification, and strengthens safety nets systems.

P150941 1/13/2015 - g DPL - - Yes - 25.0 17.1 -

AFR BurundiInfrastructure Resilience Emergency Project enhances the climate resilience of key transport and drainage infrastructure in Greater Bujumbura while strengthening the country's capacity to manage and prevent natural disasters.

P150929 3/31/2015 - g IPF - - Yes - 25.0 17.8 -

AFR Burundi Strengthening Institutional Capacity for Government Effectiveness Project strengthens government institutional capacity to improve fiscal management. P149176 4/22/2015 - g IPF - - Yes - 22.0 15.7 -

AFR Cabo VerdeNinth Poverty Reduction Support Credit strengthens the country's fiscal position, rebuilding fiscal space to secure macro-fiscal sustainability, and enables the private sector to strengthen the country's economic growth potential.

P147015 6/16/2015 2025/2055 c DPL - - - - 10.0 7.2 -

AFR Cameroon

Agriculture Investment and Market Development Project supports the transformation of low productivity, subsistence-oriented cassava, maize, and sorghum sub-sectors into commercially-oriented and competitive value chains in four agro-ecological areas.

P143417 9/25/2014 2019/2039 c IPF - - Yes - 100.0 64.6 -

AFR Central African Republic

Emergency Public Services Response Project reestablishes an operational government payroll and related fiscal management systems.

P154304 5/19/2015 - g IPF Yes - Yes - 10.0 7.3 -

AFR Central African Republic

Health System Support Project increases utilization and improves the quality of maternal and child health services in targeted rural areas and provides emergency health services to the general population.

P153030 5/22/2015 - g IPF Yes - Yes - 12.0 8.7 -

AFR Chad

Emergency Food and Livestock Crisis Response Project improves the availability of and access to food and livestock productive capacity for targeted beneficiaries affected by the conflict in the Central African Republic on the Recipient's territory.

P151215 10/14/2014 - g IPF - - Yes - 18.0 11.9 -

AFR Comoros Comoros Social Safety Net Project increases the access by poor communities to safety net and nutrition services.

P150754 3/19/2015 - g IPF - - Yes - 6.0 4.2 -

AFR Comoros

Second Economic Governance Reform Development Policy Operation strengthens economic management, promotes transparency, and enhances performance in the electricity and information and communication technology sectors.

P150924 6/2/2015 - g DPL - - Yes - 3.0 2.2 -

AFR Congo, Dem. Rep.Health System Strengthening for Better Maternal and Child Health Results Project improves utilization and quality of maternal and child health services in targeted areas within the country.

P147555 12/18/2014 2021/2052-

cg

IPF - - Yes - 220.0 148.9 -

AFR Congo, Dem. Rep. Goma Airport Safety Improvement Project improves the safety, security, and operations of Goma International Airport.

P153085 3/13/2015 - g IPF - - Yes - 52.0 36.9 -

AFR Congo, Dem. Rep. Reinsertion and Reintegration Project supports the socio-economic reintegration of demobilized ex-combatants.

P152903 5/15/2015 - g IPF - - Yes - 15.0 10.9 -

AFR Congo, Dem. Rep.

Quality and Relevance of Secondary and Tertiary Education Project improves the teaching and learning of mathematics and science in general secondary education and enhances the relevance of technical and vocational education and training in priority sectors at secondary and tertiary levels.

P149233 5/26/2015 2021/2053-

cg IPF - - Yes - 200.0 145.1 -

AFR Congo, Rep.Water, Electricity, and Urban Development Project increases access to basic infrastructure services, safe drinking water, and electricity for the inhabitants of targeted areas in the cities of Brazzaville and Pointe Noire.

P147456 9/16/2014 2023/20452019/2039

lc

IPF Yes - Yes 45.0 15.0 9.8 -

AFR Côte d'IvoireHealth Systems Strengthening and Ebola Preparedness Project strengthens the health system and improves the utilization and quality of health and nutrition services in selected regions.

P147740 11/25/2014 2021/2052-

cg

IPF - - Yes - 70.0 47.4 -

AFR Côte d'Ivoire Second Poverty Reduction Support Credit strengthens governance, improves public administration, and facilitates private-sector-led growth.

P143781 12/4/2014 2021/2052 c DPL - - Yes - 70.0 47.3 -

AFR Côte d'IvoireYouth Employment and Skills Development Project improves access to temporary employment and skills development opportunities for young men and women.

P151844 3/26/2015 2021/2052 c IPF Yes - Yes - 50.0 35.5 -

AFR Côte d'Ivoire Productive Social Safety Net Project provides cash transfers to poor households in selected regions and develops the foundations of a social safety net system. P143332 5/29/2015 2021/2053 c IPF - - Yes - 50.0 36.3 -

AFR EthiopiaFourth Productive Safety Next Project increases access to safety net and disaster risk management systems, complementary livelihoods services, and nutrition support for food insecure households in rural Ethiopia.

P146883 9/30/2014 2020/2052 c IPF - - Yes - 600.0 391.9 -

33


























ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



AFR Ethiopia Second Agricultural Growth Project increases agricultural productivity and commercialization of small-holder farmers targeted by the project.

P148591 3/31/2015 2021/2053 c IPF - - Yes - 350.0 248.3 -

AFR Ethiopia

Expressway Development Support Project enhances efficiency and safety in transportation along the Batu (Zeway)-Arsi Negele section of the Modjo-Hawassa development corridor, while strengthening capacity to develop and manage high capacity expressways.

P148850 5/19/2015 2021/2053 c IPF - - Yes - 370.0 262.9 -

AFR Gambia, TheMaternal and Child Nutrition and Health Results Project increases the utilization of community nutrition and primary maternal and child health services in selected regions.

P154007 4/24/2015 2021/2053-

cg IPF Yes - Yes - 5.0 3.6 -

AFR GhanaTransport Sector Project improves the mobility of goods and passengers on selected roads through reduced travel time, reduced vehicle operating costs, and enhanced road safety.

P149444 11/4/2014 2020/2039 c IPF Yes - Yes - 25.0 16.2 -

AFR Ghana

Energy Development and Access Project improves the operational efficiency of the electricity distribution system, increases access to electricity, and helps the country transition to a low-carbon economy through the reduction of greenhouse gas emissions.

P147878 4/30/2015 2020/2039 c IPF Yes - Yes - 60.0 42.7 -

AFR Ghana Public Financial Management Reform Project improves the budget management, financial controls, and reporting capacity of the government.

P151447 5/15/2015 2020/2040 c IPF - - - - 45.0 32.7 -

AFR GhanaFirst Macroeconomic Stability for Competitiveness and Growth Development Policy Operation strengthens institutions for more predictable fiscal outcomes and enhances the productivity of public spending.

P133664 6/30/2015 2020/2040 c DPL - - Yes - 150.0 106.7 -

AFR GhanaFirst Macroeconomic Stability for Competitiveness and Growth Policy-Based Guarantee strengthens institutions for more predictable fiscal outcomes and enhances the productivity of public spending.

P155550 6/30/2015 - gu DPL - - Yes - 400.0 - -

AFR Guinea Stepping Up Skills Project boosts the employability and employment outcomes of Guinean youth in targeted skills programs.

P146474 9/30/2014 - g IPF - - Yes - 20.0 13.1 -

AFR GuineaAgriculture Sector Support Project strengthens the capacity of selected sector institutions to support the effective implementation of the country's National Agriculture and Food Security Investment Plan.

P148114 9/30/2014 - g IPF - - Yes - 15.0 9.8 -

AFR Guinea

Emergency Macroeconomic and Fiscal Support Operation strengthens the government's ability to manage public funds in response to the Ebola crisis and related macroeconomic and fiscal shocks, in alignment with the government's Ebola response plan.

P151794 11/13/2014 2021/2052-

cg

DPL - - - - 50.0 33.8 -

AFR GuineaPrimary Health Services Improvement Project improves the utilization of maternal, child heath, and nutrition services at the primary level of care in targeted regions.

P147758 5/20/2015 2021/2053-

cg IPF - - Yes - 15.1 11.1 -

AFR Guinea-Bissau Public Sector Strengthening Project assists the Government to re-establish basic systems for public financial management.

P150827 3/24/2015 2021/2052-

cg

IPF - - Yes - 5.0 3.5 -

AFR KenyaKenya Petroleum Technical Assistance Project strengthens the capacity of the government to manage its petroleum sector and wealth for sustainable development impacts.

P145234 7/24/2014 2020/2052 c IPF - - Yes - 50.0 32.5 -

AFR KenyaCoastal Region Water Security and Climate Resilience Project sustainably increases bulk water supply to Mobasa County and Kwale County, and increases access to water and sanitation in Kwale County.

P145559 12/16/2014 2021/2052 c IPF - - Yes - 200.0 131.8 -

AFR Kenya Electricity Modernization Project increases access to electricity, improves reliability of electricity services, and strengthens Kenya Power's financial situation.

P145104 3/31/2015 - gu IPF - - - - 200.0 - -

AFR Kenya Electricity Modernization Project increases access to electricity, improves reliability of electricity services, and strengthens Kenya Power's financial situation.

P120014 3/31/2015 2021/2052 c IPF - - Yes - 250.0 172.6 -

AFR KenyaFinancial Sector Support Project strengthens the legal, regulatory, and institutional environment for improved financial stability, and access to, and provision of affordable and long-term financing.

P151816 4/30/2015 2021/2053 c IPF - - - - 37.0 26.3 -

AFR KenyaKenya Water Security and Climate Resilience Project increases the availability and productivity of irrigation water, and enhances the institutional framework and strengthens capacity for water security and climate resiliance in selected areas.

P151660 6/26/2015 2021/2053 c IPF Yes - Yes - 58.0 41.3 -

AFR Liberia

Second Poverty Reduction Support Credit sustains and deepens efforts to reform governance and civil service, and supports the broadening of reforms to include economic transformation and human development in the context of the implementation of the government's second Poverty Reduction Strategy.

P146619 11/12/2014 2021/2052-

cg

DPL - - Yes - 30.0 20.3 -

AFR Liberia Accelerated Electricity Expansion Project increases access to electricity and strengthens institutional capacity in the electricity sector.

P153124 6/24/2015 2021/2053 c IPF Yes - Yes - 60.0 42.7 -

AFR MadagascarSecond Integrated Growth Poles and Corridor Program contributes to increased economic opportunities and access to enabling infrastructure services, as measured by an increase in jobs and formal firms.

P113971 12/18/2014 2021/2052 c IPF - - Yes - 50.0 33.8 -

AFR Madagascar Reengagement Development Policy Operation improves the efficiency and transparency of public service delivery.

P150503 12/18/2014 2021/2052 c DPL - - Yes - 45.0 30.5 -

AFR MalawiStrengthening Safety Nets Systems Project - Fourth Malawi Social Action Fund strengthens the country's social safety net delivery systems and coordination across programs.

P148617 3/26/2015 2021/2052-

cg

IPF Yes - Yes - 75.0 53.2 -

AFR Malawi

Malawi Floods Emergency Recovery Project sustainably restores agricultural livelihoods, reconstructs critical public infrastructure to improved standards in flood-affected districts, and improves the government's disaster response and recovery capacities.

P154803 5/7/2015 2021/2053-

cg IPF - - Yes - 80.0 58.0 -

34



























ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



AFR Mali First Recovery and Governance Reform Support Operation deepens executive accountability and transparency and improves public expenditure efficiency.

P145275 11/18/2014 2021/2052-

cg

DPL - - Yes - 63.0 40.7 -

AFR Mali Higher Education Support Project improves the relevance of selected higher education programs and the stewardship of the country's higher education system.

P151318 5/7/2015 2021/2053-

cg IPF - - Yes - 33.0 23.5 -

AFR MauritaniaSocial Safety Net System Project supports the establishment of key building blocks of the national social safety net system and provides targeted cash transfers to extremely poor households.

P150430 5/14/2015 - g IPF - - Yes - 15.0 10.7 -

AFR MozambiqueFirst Programmatic Financial Sector Development Policy Operation reinforces financial stability, increases access to finance by households and firms, and enhances the development of long-term financial markets.

P133687 7/15/2014 2020/2052-

cg

DPL - - - - 25.0 16.2 -

AFR MozambiqueConservation Areas for Biodiversity and Development Project increases the effective management of designated conservation areas and enhances the living conditions of communities in and around the conservation areas.

P131965 11/18/2014 - g IPF - - Yes - 40.0 26.4 -

AFR Mozambique

Tenth Poverty Reduction Support Development Policy Operation assists the government to improve the business climate and to increase transparency in the management of extractive industries; strength social protection; and enhance public finance management.

P146537 12/5/2014 2021/2052-

cg

DPL - - Yes - 110.0 74.6 -

AFR Mozambique Second Climate Change Development Policy Operation builds effective institutional and policy frameworks for climate resilient development.

P146398 12/23/2014 2021/2052-

cg

DPL - - Yes - 50.0 34.0 -

AFR MozambiqueSecond Agriculture Development Policy Operation improves agricultural technology, enhances access to productive assets and financial services, and improves sector performance monitoring.

P146930 3/30/2015 2021/2053 c DPL - - Yes - 50.0 34.2 -

AFR MozambiqueRoads and Bridges Management and Maintenance Program (Second Phase) improves access of the population to all-season roads through maintenance, rehabilitation, and upgrading of the classified road network.

P150956 3/31/2015 2021/2052 c IPF Yes - Yes - 73.6 52.3 -

AFR Mozambique

Higher Education Science and Technology Project increases the number and quality of graduates at the undergraduate and graduate levels, strengthens national research capacities in support of strategic economic sectors, and strengthens the institutional framework for technical and vocational education and training.

P146602 4/28/2015 - g IPF Yes - Yes - 45.0 32.0 -

AFR Niger Agro-Sylvo-Pastoral Exports and Markets Development Project increases the value of selected products marketed by project-supported producers.

P148681 8/5/2014 2021/2052 c IPF Yes - Yes - 13.8 9.0 -

AFR Niger Population and Health Support Project increases the utilization of reproductive health and nutrition services in targeted areas.

P147638 5/22/2015 2021/2053-

cg IPF - - Yes - 103.0 74.8 -

AFR NigeriaDevelopment Finance Project increases the availability and access to finance for micro, small, and medium enterprises through eligible financial intermediaries with the support of a new wholesale development finance institution.

P146319 9/25/2014 2020/2042 l IPF - - - 500.0 - - -

AFR NigeriaPolio Eradication Support Project assists the country to achieve and sustain at least 80 percent coverage with oral polio vaccine immunization in every state and sustain national routine immunization coverage.

P154660 4/10/2015 2020/2039 c IPF Yes - Yes - 200.0 142.2 -

AFR Nigeria Saving One Million Lives Initiative increases the utilization and quality of high impact reproductive, child health, and nutrition interventions.

P146583 4/23/2015 2020/2040 c PforR - - Yes - 500.0 354.7 -

AFR Nigeria

Edo State Fiscal Improvement and Service Delivery Development Policy Operation supports the implementation of critical policy and institutional reforms to improve the management of public resources, increase private sector access to land for investment, and improve the quality of education.

P151480 4/29/2015 2020/2039 c DPL - - Yes - 75.0 53.3 -

AFR Nigeria

Third Lagos State Development Policy Operation supports the government in its endeavor to improve public finances and the investment climate, which is expected to contribute to sustained rapid economic growth and poverty reduction in a fiscally sustainable manner.

P151947 6/26/2015 2020/2040 c DPL - - Yes - 200.0 142.3 -

AFR RwandaTransformation of Agriculture Sector Program (Phase III) increases and intensifies the productivity of the country's agricultural and livestock sectors and expands the development of value chains.

P148927 10/31/2014 2021/2052 c PforR - - Yes - 100.0 65.9 -

AFR RwandaPublic Sector Governance Program enhances public financial management and statistics systems to improve transparency and accountability in the use of public funds, revenue mobilization, and the quality and accessibility of development data.

P149095 10/31/2014 2021/2052 c PforR - - Yes - 100.0 65.9 -

AFR Rwanda Social Protection System Operation supports the Government to improve the efficiency, accountability, and coverage of its social protection system.

P151279 1/22/2015 2021/2052 c DPL - - Yes - 70.0 47.9 -

AFR SenegalPublic Financial Management Strengthening Technical Assistance Project enhances budget credibility, transparency, and accountability mechanisms in the use and management of central government financial resources.

P146859 7/31/2014 2020/2052 c IPF Yes - Yes - 30.0 19.5 -

AFR SenegalSkills for Jobs and Competitiveness Project strengthens the technical and vocational education and training system and improves the employability of youth in selected priority sectors of the economy.

P145585 12/8/2014 2021/2052 c IPF - - Yes - 35.0 23.7 -

AFR Senegal

Stormwater Management and Climate Change Adaptation Project improves flood prevention management in peri-urban areas of Dakar and promotes city sustainability management practices, including climate resilience, in two selected urban areas.

P152150 5/27/2015 2021/2053 c IPF Yes - Yes - 35.0 25.4 -

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IDA (US$)

IDA (SDRd)



AFR Senegal Urban Water and Sanitation Project improves access to water and sanitation services in selected urban areas in a financially sustainable manner.

P150351 6/15/2015 2021/2053 c IPF - - Yes - 70.0 50.8 -

AFR Seychelles Third Sustainability and Competitiveness Development Policy Operation enhances the country's competitiveness and improves fiscal sustainability.

P146567 9/26/2014 2025/2040 l DPL - - Yes 7.0 - - -

AFR Seychelles

Disaster Risk Management Development Policy Operation with a Catastrophe Deferred Drawdown Option strengthens the government's disaster risk management policy and reform agenda and enhances its capacity to efficiently respond to disasters.

P148861 9/26/2014 2025/2033 l DPL - - - 7.0 - - -

AFR Sierra Leone

Emergency Economic and Fiscal Support Operation ensures that the government's Ebola response plan can be executed through adequate budgeting and transparent use of resources, consistent with strengthening longer-term fiscal management and transparency.

P146726 12/17/2014 - g DPL - - Yes - 30.0 20.6 -

AFR South Sudan Statistical Capacity Building Project strengthens the capacity of statistics producers to produce and disseminate official statistics.

P144139 7/16/2014 2021/2052 c IPF - - Yes - 9.0 5.9 -

AFR Tanzania Big Results Now in Education Program improves education quality in primary and secondary schools.

P147486 7/10/2014 2020/2052 c PforR - - Yes - 122.0 78.8 -

AFR TanzaniaScience and Technology Higher Education Project increases the quantity and quality of higher education graduates and lays the foundation for improved responsiveness of tertiary education to the labor market.

P149464 7/10/2014 2020/2052 c IPF Yes - Yes - 15.0 9.8 -

AFR Tanzania Housing Finance Project develops the housing mortgage finance market through the provision of medium and long-term liquidity to mortgage lenders.

P151220 2/24/2015 2021/2053 c IPF Yes - Yes - 60.0 41.5 -

AFR TanzaniaDar es Salaam Metropolitan Development Project improves urban services and institutional capacity in the Dar es Salaam Metropolitan Area, and facilitates responses to potential emergencies.

P123134 3/2/2015 2021/2053 c IPF - - Yes - 300.0 207.1 -

AFR TanzaniaSustainable Management of Mineral Resources strengthens government capacity to manage the mineral sector, improve the socio-economic impacts of large and small-scale mining, and enhance private local and foreign investments.

P151124 5/7/2015 2021/2053 c IPF Yes - Yes - 45.0 32.7 -

AFR TanzaniaStrengthening Primary Health Care for Results Program improves the quality of primary health care services with a focus on maternal, neonatal, and child health services.

P152736 5/28/2015 2021/2053 c PforR - - Yes - 200.0 145.0 -

AFR Tanzania

Open Government and Public Financial Management Development Policy Operation supports the government to establish open data in order to increase access to and use of service delivery information, as well as to improve budget credibility and execution.

P133798 6/23/2015 2021/2053 c DPL - - Yes - 100.0 71.1 -

AFR UgandaAgriculture Cluster Develop Project raises on-farm productivity, production, and marketable volumes of selected agricultural commodities in specified geographic clusters.

P145037 4/9/2015 2021/2053 c IPF - - Yes - 150.0 106.4 -

AFR Uganda Skills Development Project enhances the capacity of institutions to deliver high-quality and demand-driven training programs in targeted sectors.

P145309 4/22/2015 2021/2053 c IPF - - Yes - 100.0 71.1 -

AFR Uganda Third Northern Uganda Social Action Fund provides income support to and builds the resilience of poor and vulnerable households in targeted areas.

P149965 5/27/2015 2021/2053 c IPF - - Yes - 130.0 94.3 -

AFR Uganda Energy for Rural Transformation Project (Third Phase) increases access to electricity in rural areas of the country.

P133312 6/5/2015 2021/2053 c IPF - - - - 135.0 97.9 -

AFR Zambia

Girls Education and Women's Empowerment and Livelihoods Project increases access to livelihood support for women and access to secondary education for disadvantaged adolescent girls in extremely poor households in selected districts.

P151451 5/22/2015 2021/2053 c IPF - - Yes - 65.0 47.2 -

AFR ZambiaLusaka Sanitation Project increases access to sanitation services in selected areas and strengthens the Lusaka Water and Sewerage Company's capacity to manage sanitation services.

P149091 5/22/2015 2021/2053 c IPF - - Yes - 65.0 47.2 -

EAP ChinaZhejiang Rural Water Supply and Sanitation Project improves access to sustainable water supply and sanitation services in selected villages and towns in rural areas of Zhejiang Province.

P133018 9/25/2014 2021/2039 l IPF - - - 200.0 - - -

EAP China Shaanxi Small Towns Infrastructure Project improves the infrastructure and service delivery in selected small and medium towns in Shaanxi Province.

P133069 9/25/2014 2021/2043 l IPF - - - 150.0 - - -

EAP China Qinghai Xining Water Environment Management Project reduces water pollution and pilots potential sustainable reuse of wastewater in Xining Municipality.

P133116 9/25/2014 2020/2044 l IPF - - - 150.0 - - -

EAP ChinaGuizhou Rural Development Project demonstrates a model for agricultural sector restructuring and modernization, improved organizational arrangements, and strengthened public service delivery in project counties of Guizhou Province.

P133261 9/30/2014 2021/2043 l IPF - - Yes 100.0 - - -

EAP ChinaZhengzhou Urban Rail Project improves urban mobility for the population of Zhengzhou along the catchment area of Line 3 from Xin Liu Lu Station to Hang Hai Dong Lu Station.

P128919 12/23/2014 2022/2043 l IPF - - Yes 250.0 - - -

EAP ChinaChongqing Small Towns Water Environment Management Project reduces flood risks and improves wastewater infrastructure services in selected counties of Chongqing Municipality.

P133117 12/23/2014 2021/2044 l IPF - - - 100.0 - - -

EAP China Guilin Integrated Environment Management Project improves water and sanitation services in Guilin.

P133017 2/2/2015 2025/2039 l IPF - - - 100.0 - - -

EAP ChinaHebei Rural Renewable Energy Development Project demonstrates sustainable biogas production and utilization to reduce environmental pollution and supply clean energy in rural areas of Hebei Province.

P132873 3/13/2015 2021/2039 l IPF - - Yes 71.5 - - -

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IDA (US$)

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EAP ChinaSichuan Chongqing Cooperation: Guang'an Demonstration Area Infrastructure Development Project improves Linshui County and Qianfeng District infrastructure and investment support services.

P133456 3/16/2015 2020/2045 l IPF - - Yes 100.0 - - -

EAP China Gansu Rural-Urban Integration Project provides residents in Wuwei Municipality and Linxia Prefecture with improved connectivity between rural and urban areas.

P132775 3/31/2015 2020/2039 l IPF - - Yes 150.0 - - -

EAP China Yunnan Highway Asset Management Project improves the efficiency and cost-effectiveness of highway asset management in Yunnan.

P132621 3/31/2015 2020/2044 l IPF - - - 150.0 - - -

EAP China Huainan Mining Area Rehabilitation Project remediates and creates a public space at the JiuDa mining site in Huainan city.

P133000 5/11/2015 2021/2048 l IPF - - Yes 100.0 - - -

EAP ChinaXinjiang Technical and Vocational Education and Training Project improves the quality and relevance of project schools to produce students' skills that respond to the labor market demand in Xinjiang.

P147367 5/29/2015 2020/2045 l IPF - - - 50.0 - - -

EAP China

Poverty Alleviation and Agriculture-Based Industry Pilot and Demonstration in Poor Areas Project develops and demonstrates rural value chains that promote equitable organizational arrangements, participation, and the sustainable increase of incomes of targeted households.

P133326 6/23/2015 2025/2044 l IPF - - Yes 150.0 - - -

EAP FijiTransport Infrastructure Investment Project improves the resilience and safety of land and maritime transport infrastructure for users of project roads, bridges, and rural jetties and wharves.

P150028 3/11/2015 2021/2038 l IPF - - Yes 50.0 - - -

EAP Indonesia

Financial Sector Reform and Modernization Development Policy Operation promotes the development of a stable, efficient, and inclusive financial sector to help the government reach its medium-term economic development and poverty reduction goals.

P145550 7/1/2014 2021/2030 l DPL - - Yes 500.0 - - -

EAP IndonesiaLocal Government and Decentralization Project improves the accountability and reporting of the central government's Specific Purpose Grants for the basic infrastructure-roads, irrigation, water, and sanitation-within selected areas.

P123940 9/30/2014 2022/2030 l IPF Yes - Yes 500.0 - - -

EAP KiribatiSecond Economic Reform Development Policy Operation improves the management of fisheries revenues and the management of public assets and liabilities, and expands private sector opportunities.

P149888 11/14/2014 - g DPL - - Yes - 3.0 2.1 -

EAP Kiribati Kiribati Road Rehabilitation Project improves the condition of South Tarawa's main road network and helps strengthen road financing and maintenance capacity.

P154012 3/31/2015 - g IPF Yes - Yes - 6.0 4.2 -

EAP Lao PDR

Second Lao Environment and Social Project helps strengthen selected environmental protection management systems, specifically for protected areas conservation, enforcement of wildlife laws, and environmental assessment management.

P152066 4/29/2015 2021/2053 c IPF Yes - Yes - 15.0 10.7 -

EAP Lao PDR Power Grid Improvement Project helps improve efficiency and reliability of power distribution in the selected load areas serviced by the state-owned power utility.

P149599 6/23/2015 2021/2053 c IPF - - Yes - 30.0 21.4 -

EAP Lao PDRHealth Governance and Nutrition Development Project increases coverage of reproductive, maternal, and child health, and nutrition services in targeted areas in the country.

P151425 6/23/2015 2021/2053-

cg

IPF - - - - 26.4 18.8 -

EAP Lao PDR Second Poverty Reduction Fund improves the access to and utilization of basic infrastructure and services for targeted poor communities.

P153401 6/23/2015 2021/2053 c IPF Yes - - - 11.6 8.3 -

EAP Marshall IslandsPacific Islands Regional Oceanscape Program strengthens the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitat upon which they depend.

P151760 12/22/2014 - g IPF - - Yes - 6.8 4.6 -

EAP Marshall Islands Pacific Resilience Program strengthens early-warning, resilient investments and financial protections of participating countries.

P155257 6/19/2015 - g IPF - - Yes - 1.5 1.1 -

EAP Micronesia, Fed. Sts.Pacific Regional Connectivity Program (Phase II): Palau-Federated States of Micronesia Connectivity Project reduces the cost and increases the availability of ICT services needed to support social and economic development.

P130592 12/17/2014 - g IPF - - Yes - 47.5 32.1 -

EAP Micronesia, Fed. Sts.Pacific Islands Regional Oceanscape Program strengthens the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitat upon which they depend.

P151754 12/22/2014 - g IPF - - Yes - 5.5 3.8 -

EAP Myanmar Essential Health Services Access Project increases coverage of essential health services of adequate quality, with a focus on maternal, newborn, and child health.

P149960 10/14/2014 2020/2052 c IPF - - Yes - 100.0 65.4 -

EAP MyanmarAyeyarwady Integrated River Basin Management Project strengthens integrated, climate-resilient management and development of the Ayeyarwady River Basin and national water resources.

P146482 12/9/2014 2021/2052 c IPF - - Yes - 100.0 67.5 -

EAP MyanmarAgricultural Development Support Project increases crop yields and cropping intensity in selected existing irrigation sites in the Bago East, Nay Pyi Taw, Mandalay, and Sagaing regions.

P147629 4/23/2015 2021/2052 c IPF - - Yes - 100.0 71.0 -

EAP Myanmar

National Community Driven Development Project enables poor rural communities to benefit from improved access to and use of basic infrastructure and services through a people-centered approach, and enhances the government's capacity to respond effectively to eligible emergencies.

P153113 6/30/2015 2021/2053 c IPF Yes - Yes - 400.0 284.5 -

EAP Pacific Islands (Regional)

Pacific Regional ICT Regulatory Development Project strengthens the capacity of ICT regulatory institutions in participating countries, and enhances regional collaboration and knowledge sharing on ICT regulatory issues.

P148238 7/30/2014 - g IPF - - Yes - 4.5 3.0 -

37






http://www.worldbank.org/projects/P133326/poverty-alleviation-agriculture-development-demonstration-poor-areas-project?lang=en




















ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)




Pacific Islands Regional Oceanscape Program strengthens the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitat upon which they depend.

P131655 12/22/2014 - g IPF - - Yes - 4.0 2.7 -


Pacific Resilience Program strengthens early-warning, resilient investments and financial protections of participating countries.

P147839 6/19/2015 - g IPF - - Yes - 3.7 2.7 -


Pacific Resilience Program strengthens early-warning, resilient investments and financial protections of participating countries.

P155542 6/19/2015 - g IPF - - - - 1.3 1.0 -

EAP PhilippinesPhilippine Rural Development Project increases rural incomes and enhances farm and fishery productivity in targeted areas by supporting smallholders and fisher folk to increase their marketable surpluses, and their access to markets.

P132317 8/29/2014 2020/2044 l IPF - - Yes 501.3 - - -

EAP PhilippinesCebu Bus Rapid Transit Project improves the overall performance of the urban passenger transport system in terms of the quality and level of service, safety, and environmental efficiency.

P119343 9/26/2014 2024/2039 l IPF - - Yes 116.0 - - -

EAP Philippines

Third Development Policy Operation to Foster More Inclusive Growth supports sustained and inclusive growth and job creation through increasing physical and human capital investment; tackling regulatory barriers, and ensuring fiscal sustainability, governance, and transparency.

P147803 9/26/2014 2024/2039 l DPL - - Yes 300.0 - - -

EAP Samoa

First Fiscal and Economic Reform Operation strengthens public financial management in the areas of debt, procurement, and revenue, and strengthens the payments system, tourism sector policy, and private sector development opportunities.

P149770 9/22/2014 - g DPL - - Yes - 7.5 4.9 -

EAP Samoa Pacific Regional Connectivity Program (Third Phase) reduces the cost and increases the availability of Internet services in the country.

P128904 6/19/2015 - g IPF - - Yes - 16.0 11.6 -

EAP Samoa Pacific Resilience Program strengthens early-warning, resilient investments and financial protections of participating countries.

P154839 6/19/2015 - g IPF - - Yes - 13.8 10.0 -

EAP Solomon IslandsSecond Rural Development Program improves basic infrastructure and services in rural areas and strengthens the linkages between smallholder farming households and markets.

P149282 11/21/2014 2025/2054-

cg

IPF - - Yes - 9.0 6.0 -

EAP Solomon IslandsEconomic Reform and Recovery Development Policy Operation improves management of public expenditure and debt, strengthens management of extractive industries, and improves conditions for private sector investment.

P149886 11/21/2014 - g DPL - - Yes - 5.0 3.3 -

EAP Solomon IslandsPacific Islands Regional Oceanscape Program strengthens the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitat upon which they depend.

P151777 12/22/2014 2025/2054-

cg

IPF - - Yes - 9.8 6.7 -

EAP Tonga

Second Economic Reform Support Development Policy Operation strengthens public financial management through improved public procurement processes and annual budget credibility; strengthens fiscal policy with new procedures for tax exemptions and in excise duty rates; and enhances the business enabling environment with a new foreign investment policy and reductions in the cost of electricity

P149963 10/29/2014 2025/2054 -

cg

DPL - - Yes - 5.0 3.4 -

EAP Tonga Pacific Resilience Program strengthens early-warning, resilient investments and financial protections of participating countries.

P154840 6/19/2015 2025/2055-

cg

IPF - - Yes - 10.5 7.7 -

EAP TuvaluPacific Islands Regional Oceanscape Program strengthens the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitat upon which they depend.

P151780 12/22/2014 - g IPF - - Yes - 7.0 4.8 -

EAP TuvaluEnergy Sector Development Project enhances the country's energy security by reducing its dependence on imported fuel for power generation and by improving the efficiency and sustainability of its electricity system.

P144573 1/26/2015 - g IPF - - Yes - 7.0 4.8 -

EAP Tuvalu

Second Development Policy Operation strengthens public financial management through improved commitment control, enhanced oversight of fishing revenue, and streamlined local government reporting, and improves service delivery, with a focus on primary and preventative healthcare and primary and secondary education, with increased access for women.

P150194 3/26/2015 - g DPL - - Yes - 1.5 1.1 -

EAP Vanuatu Vanuatu Aviation Investment Project improves operational safety and oversight of international air transport and associated infrastructure.

P154149 5/8/2015 2025/2055 c IPF - - Yes - 59.5 42.3 -

EAP Vanuatu Pacific Resilience Program strengthens early-warning, resilient investments and financial protections of participating countries.

P155256 6/19/2015 2025/2055 c IPF - - Yes - 1.5 1.1 -

EAP VietnamTransmission Efficiency Project improves the capacity, efficiency, and reliability of electricity transmission services in selected parts of the country's electricity transmission network.

P131558 8/7/2014 2024/2040 l IPF - - Yes 500.0 - - -

EAP VietnamSecond Ho Chi Minh City Environmental Sanitation Project improves the wastewater services in a sustainable manner in selected areas of Ho Chi Minh City and increases awareness on sanitation.

P127978 12/23/2014 2025/20422020/2039

lc

IPF - - Yes 250.0 200.0 135.3 -

EAP Vietnam

Second Northern Mountains Poverty Reduction Project enhances the living standards of beneficiaries by improving access to productive infrastructure, the capacity of local governments and communities, commune integrated investment planning, and market linkages and business innovations.

P148733 2/27/2015 2020/2040 c IPF Yes - Yes - 100.0 71.0 -

EAP VietnamHo Chi Minh City Green Transport Development Project improves the performance and efficiency of public transport along a high-priority corridor in Ho Chi Minh City.

P126507 5/29/2015 2020/2040 c IPF - - Yes - 124.0 88.2 -

EAP Vietnam

Livestock Competitiveness and Food Safety Project increases the production efficiency of household-based livestock producers; reduces the environmental impact of livestock production, processing, and marketing; and improves food safety in livestock product supply chains in selected provinces.

P151946 6/26/2015 2020/2040 c IPF Yes - Yes - 44.7 32.2 -

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IDA (US$)

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EAP Vietnam

Renovation of General Education Project raises student learning outcomes by revising and implementing the curriculum following a competency-based approach, and by improving the effectiveness of instruction by creating and disseminating textbooks aligned with the revised curriculum.

P150058 6/30/2015 2020/2040 c IPF - - Yes - 77.0 55.4 -

EAP Vietnam

Sustainable Agriculture Transformation Project improves farming practices and value chains in project areas and promotes insitutional strengthening of relevant public agencies to effectively support implementation of the Agricultural Restructuring Plan.

P145055 6/30/2015 2020/2040 c IPF - - Yes - 238.0 171.2 -

ECA AlbaniaEnvironmental Services Project supports sustainable land management practices and increases communities' monetary and non-monetary benefits in targeted areas, mainly in erosion-prone, rural-upland areas.

P130492 7/8/2014 2021/2034 l IPF - - Yes 10.0 - - -

ECA Albania Power Recovery Project improves the reliability of power supply and the financial viability of the power sector.

P144029 9/29/2014 2021/2036 l IPF - - Yes 150.0 - - -

ECA AlbaniaHealth System Improvement Project improves the efficiency of care in selected hospitals, improving the management of information in the health system and increasing financial access to health services.

P144688 2/27/2015 2022/2037 l IPF - - Yes 40.0 - - -

ECA AlbaniaResults-Based Road Maintenance and Safety Project maintains the condition and improves the safety of the primary and primary-secondary road networks and strengthens sustainable and efficient road asset management and safety practices.

P132982 3/27/2015 2022/2037 l IPF - - Yes 80.0 - - -

ECA AlbaniaPublic Finance Policy-Based Guarantee supports the strengthening of public financial management to address arrears and supports tax, pension, and energy sector reforms to improve fiscal sustainability.

P149765 3/27/2015 - gu DPL - - Yes 226.7 - - -

ECA ArmeniaTrade Promotion and Quality Infrastructure Project strengthens the government's capacity to provide export promotion, investment attraction, and quality management services to firms.

P146994 7/2/2014 2024/2039 l IPF - - Yes 50.0 - - -

ECA Armenia Electricity Supply Reliability Project increases the reliability and capacity of the power transmission network.

P148102 7/2/2014 2024/2039 l IPF Yes - Yes 40.0 - - -

ECA Armenia

Second Development Policy Operation strengthens the business environment, improves access to credit, improves efficiency and transparency of the civil service, expands social protection, and improves fiscal space and the management of public infrastructure and environmental resources.

P143040 11/12/2014 2029/2039 l DPL - - Yes 75.0 - - -

ECA Armenia Social Investment and Local Development Project improves the quality and use of and access to community and intercommunity infrastructure.

P148836 3/13/2015 2029/2039 l IPF - - Yes 30.0 - - -

ECA ArmeniaElectricity Transmission Network Improvement Project improves the reliability of the power transmission network and system management, and supports efforts to ensure adequate electricity supply.

P146199 3/30/2015 2029/2039 l IPF - - Yes 52.0 - - -

ECA Azerbaijan Judicial Services and Smart Infrastructure Project improves the access, transparency, and efficiency of delivery of selected justice services.

P144700 7/9/2014 2017/2029 l IPF - - Yes 100.0 - - -

ECA Azerbaijan Second Rural Investment Project improves access to and use of community-driven rural infrastructure and expands economic activities for rural households.

P147861 7/9/2014 2018/2030 l IPF Yes - Yes 50.0 - - -

ECA AzerbaijanSecond National Water Supply and Sanitation Project improves the quality and reliability of the water supply and expands water supply and sanitation services in selected regional centers.

P147378 7/15/2014 2018/2030 l IPF Yes - Yes 150.0 - - -

ECA BelarusTransit Corridor Improvement Project improves transport connectivity, border crossing procedures, and safety for domestic and international road users on selected sections of the M6 corridor.

P149697 12/19/2014 2020/2030 l IPF - - Yes 250.0 - - -

ECA BelarusForestry Development Project enhances silvicultural management and reforestation and afforestation, increases the use of felling residues, and improves the public good contribution from forests in targeted forest areas.

P147760 3/27/2015 2020/2035 l IPF - - Yes 40.7 - - -

ECA Bosnia and Herzegovina

Business Environment Development Policy Operation improves the business environment by facilitating business start-ups, streamlining investment procedures in inspection and construction, and simplifying processes of cross-border trading.

P146740 10/3/2014 2025/2039 l DPL - - Yes 50.0 - - -

ECA Central Asia (Regional)

Central Asia Road Links Program (Second Phase) increases transport connectivity between the Republic of Tajikistan and neighboring countries along priority cross-border road links in Sugd Oblast and supports improvements in road operations and asset management practices.

P145634 2/25/2015 2021/2052-

cg

IPF - - Yes - 45.0 31.2 -

ECA Croatia Social Protection System Modernization Project aims to improve the efficiency and effectiveness of the country's social protection system.

P145171 9/19/2014 2018/2034 l IPF - - Yes 95.6 - - -

ECA Croatia Sustainable Croatian Railways In Europe Project improves the operational efficiency and the financial sustainability of the country's public railway sector.

P147499 4/30/20152018/20242018/20322018/2035

lll

IPF - - Yes 183.4 - - -

ECA Georgia Second Regional and Municipal Infrastructure Development Project improves the efficiency and reliability of target municipal services and infrastructure.

P147521 7/3/2014 2024/2039 l IPF - - Yes 30.0 - - -

ECA GeorgiaThird Secondary and Local Roads Project reduces transport costs on project roads and improves the sustainability of road asset management in the secondary and local project road network.

P148048 7/3/2014 2024/2039 l IPF - - Yes 75.0 - - -

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ECA Georgia

First Programmatic Private Sector Competitiveness Development Policy Operation increases private sector competitiveness through second generation business environment reforms, financial sector deepening and diversification, and increasing firms' capacity to innovate and to export.

P149998 4/28/2015 2029/2040 l DPL - - Yes 60.0 - - -

ECA Georgia

First Programmatic Inclusive Growth Development Policy Operation strengthens fiscal oversight of public institutions, improves budgeting and the framework for civil service reform, and improves coverage and quality of social services and the monitoring of outcomes.

P149991 4/28/2015 2029/2040 l DPL - - Yes 60.0 - - -

ECA Kazakhstan Fostering Productive Innovation Project promotes high-quality, nationally-relevant research and commercialization of technologies.

P150402 12/22/2014 2021/2035 l IPF - - Yes 88.0 - - -

ECA Kazakhstan SME Competitiveness Project enhances the competitiveness and management capacity of targeted small and medium-sized enterprises in the country.

P147705 3/2/2015 2020/2031 l IPF - - Yes 40.0 - - -

ECA KazakhstanSkills and Jobs Project improves employment outcomes and skills of target beneficiaries and improves the relevance of technical and vocational education and training and higher education programs.

P150183 3/30/2015 2020/2034 l IPF - - Yes 100.0 - - -

ECA Kyrgyz RepublicElectricity Supply Accountability and Reliability Improvement Project improves the reliability of electricity supply in the project area and strengthens the governance of Severelectro's operations.

P133446 7/15/2014 2020/2052-

cg

IPF - - Yes - 25.0 16.2 -

ECA Kyrgyz Republic Pasture and Livestock Management Improvement Project improves community-based pasture and livestock management in the project area.

P145162 7/15/2014 2020/2052-

cg

IPF - - Yes - 15.0 9.8 -

ECA Kyrgyz RepublicEnergy Sector Development Policy Operation improves the financial viability of the energy sector and enhances its governance and accountability, while managing the impact of power shortages on poor regions.

P152440 1/29/2015 2021/2052-

cg

DPL - - Yes - 24.0 16.5 -

ECA Kyrgyz RepublicThird Village Investment Project builds local capacity for participatory development and improves access to quality community infrastructure services in targeted project areas.

P146970 3/27/2015 2021/2052-

cg

IPF - - Yes - 12.0 8.6 -

ECA Macedonia, FYRNational and Regional Roads Rehabilitation Project enhances the connectivity of selected national and regional roads, and improves Public Enterprise for State Roads' capacity for road safety and climate resilience.

P148023 9/23/2014 2020/2037 l IPF - - Yes 71.0 - - -

ECA MoldovaSecond Competitiveness Enhancement Project increases the export competitiveness of Moldovan enterprises and decreases the regulatory burden they face.

P144103 7/11/2014 2019/20442019/2039

lc

IPF - - Yes 30.0 15.0 9.7 -

ECA MoldovaDistrict Heating Efficiency Improvement Project contributes to improved operational efficiency and financial viability of Newco and improves quality and reliability of heading services delivered to the population of Chisinau.

P132443 11/21/2014 2020/2049 l IPF - - Yes 40.5 - - -

ECA MoldovaAgriculture Competitiveness Project supports the modernization of the food safety management system, facilitating market access for farmers, and mainstreaming agro-environmental and sustainable land management practices.

P154238 5/19/2015 2020/2040 c IPF Yes - Yes - 12.0 8.7 -

ECA MoldovaDisaster and Climate Risk Management Project strengthens the State Hyro-meterological Service's ability to forecast severe weather and improve capacity to prepare for and respond to natural disasters.

P148125 5/19/2015 2020/2040 c IPF Yes - Yes - 2.0 1.5 -

ECA MontenegroIndustrial Waste Management and Cleanup Project reduces contamination of the country's natural resources and public health risks of exposure to this contamination from selected industrial waste sites.

P122139 9/19/2014 2020/2041 l IPF - - Yes 68.9 - - -

ECA PolandFirst Resilience and Growth Development Policy Operation enhances macroeconomic resilience, strengthens labor market flexibility and employment promotion, and improves private sector competitiveness and innovation.

P146243 7/1/2014 2022/2042 l DPL - - Yes 965.8 - - -

ECA RomaniaRomania Secondary Education Project improves the transition from upper-secondary into tertiary education and increases the retention in the first year of tertiary education in selected education intuitions.

P148585 3/16/2015 2034/2034 l IPF - - Yes 243.1 - - -

ECA Serbia

Floods Emergency Recovery Project helps restore power system capability to reliably meet domestic demand, protects livelihoods of farmers in flood-affected areas, protects people and assets from floods, and improves the government's capacity to respond effectively to disasters.

P152018 10/3/2014 2023/2044 l IPF - - Yes 300.0 - - -

ECA Serbia Real Estate Management Project improves the efficiency, transparency, accessibility, and reliability of the country's real property management systems.

P147050 3/16/2015 2019/2029 l IPF - - Yes 44.0 - - -

ECA Serbia

First Programmatic State-Owned Enterprises (SOE) Reform Development Policy Operation reduces state participation and the level of direct and indirect support to the real sector; enhances SOE performance, governance, and accountability; and mitigates the short-term social and labor impacts of SOE restructuring and disposition plans.

P127408 3/24/2015 2023/2034 l DPL - - Yes 100.0 - - -

ECA Tajikistan Communal Services Development Fund Project improves basic communal and municipal services in participating cities and towns.

P133449 3/17/2015 - g IPF - - Yes - 13.5 9.6 -

ECA Tajikistan Second Public Finance Management Modernization Project improves the effectiveness, control, and accountability of the government's public expenditures.

P150381 6/1/2015 2021/2053-

cg

IPF - - Yes - 10.0 7.2 -

ECA Tajikistan Health Services Improvement Project contributes to the improvement of the coverage and quality of basic primary health care services in selected districts.

P153975 6/22/2015 2021/2053-

cg

IPF Yes - Yes - 10.0 7.3 -

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ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



ECA Tajikistan

Second Public Employment for Sustainable Agriculture and Water Resources Management Project provides employment to food insecure people through the rehabilitation of irrigation and drainage infrastructure; increases crop production; and supports the development of improved policies and institutions for water resource management.

P154327 6/22/2015 2021/2053-

cg

IPF Yes - Yes - 12.0 8.6 -

ECA Tajikistan Second Dushanbe Water Supply Project improves water utility performance and water supply services in selected areas of Dushanbe.

P154729 6/30/2015 2021/2053-

cg

IPF Yes - Yes - 10.0 7.3 -

ECA TajikistanEnvironmental Land Management and Rural Livelihoods Project enables rural people to increase their productive assets in ways that improve natural resource management and resilience to climate change in selected climate-vulnerable sites.

P153709 6/30/2015 - g IPF Yes - Yes - 1.8 1.3 -

ECA Tajikistan Higher Education Project develops mechanisms that improve and monitor the quality and labor-market relevance of higher education.

P148291 6/30/2015 2021/2053-

cg

IPF - - Yes - 15.0 10.9 -

ECA Turkey Gas Sector Development Project increases the reliability and stability of gas supply by implementing critically needed gas storage and network infrastructure.

P133565 7/2/2014 2022/2030 l IPF Yes - Yes 400.0 - - -

ECA TurkeyInnovative Access to Finance Project improves access to longer-term Islamic finance and to factoring for small and medium enterprises and export-oriented enterprises.

P147183 7/22/2014 2021/2042 l IPF - - - 250.0 - - -

ECA TurkeySustaining Shared Growth Development Policy Operation improves the business climate and enhances transparency; boosts labor force participation and widens access to finance; and deepens the country's infrastructure reforms.

P146322 7/24/2014 2023/2029 l DPL - - Yes 500.0 - - -

ECA Ukraine Social Safety Nets Modernization Project improves the performance of the country's social assistance and social services system for low-income families.

P128344 7/3/2014 2019/2032 l IPF - - Yes 300.0 - - -

ECA Ukraine

First Programmatic Financial Sector Development Policy Operation strengthens the operational, financial, and regulatory capacity for the resolution of insolvent banks; improves the solvency of the banking system; and strengthens the legal and institutional framework to improve resilience and efficiency of the banking system.

P150677 8/7/2014 2021/2030 l DPL - - Yes 500.0 - - -

ECA UkraineSecond Power Transmission Project improves the reliability of the power transmission system and supports implementation of the country's Wholesale Electricity Market.

P146788 12/22/2014 2020/2032 l IPF - - Yes 330.0 - - -

ECA Ukraine

Serving People, Improving Health Project improves the quality of health services in selected Oblasts, with special focus on primary and secondary prevention of cardiovascular diseases and cancer, and enhances efficiency of the health care system.

P144893 3/4/2015 2020/2038 l IPF - - Yes 214.7 - - -

ECA UzbekistanPap-Angren Railway Project reduces transport costs and increases transport capacity and reliability through the construction of a rail link between the Uzbek part of the Ferghana Valley and the rest of Uzbekistan.

P146328 2/13/2015 2020/2039 l IPF - - Yes 195.0 - - -

ECA UzbekistanRegional Roads Development Project reduces road user costs on the project roads and develops a sustainable investment program for regional road asset management.

P146334 6/23/2015 2020/2040 c IPF - - Yes - 200.0 145.0 -

ECA UzbekistanBukhara and Samarkand Sewerage Project reduces wastewater pollution and improves the performance of utilities responsible for wastewater management in Bukhara and Samarkand.

P152801 6/23/2015 2020/2040 c IPF Yes - Yes - 105.0 74.4 -

LCR ArgentinaSecond Rural Education Improvement Project supports the government to reduce repetition rates in primary education and increases enrollment in, and completion rates of, secondary education in rural areas.

P133195 12/2/2014 2022/2046 l IPF - - Yes 250.5 - - -

LCR ArgentinaYouth Employment Support Project improves access of vulnerable youth populations to labor markets, increasing their employability by supporting the expansion and strengthening of government employment programs.

P133129 1/15/2015 2022/2047 l IPF - - Yes 425.0 - - -

LCR ArgentinaForests and Communities Project improves forest management and increases access to markets and basic services by forest-dependent communities and small producers—indigenous and criollos—in Northern Argentina.

P132846 4/7/2015 2022/2047 l IPF - - Yes 58.8 - - -

LCR Argentina Renewable Energy for Rural Areas Project provides and enhances access to modern energy services in selected rural areas.

P133288 4/7/2015 2019/2049 l IPF - - Yes 200.0 - - -

LCR Argentina

Socioeconomic Inclusion in Rural Areas Project strengthens the organization, planning, and management capacity of the rural poor to achieve poverty-reduction goals; improves access to community infrastructure and services; and pilots a new model for developing sustainable access to markets.

P106685 6/11/2015 2022/2046 l IPF - - Yes 52.5 - - -

LCR Argentina

Protecting Vulnerable People Against Noncommunicable Diseases Project improves the readiness of public health facilities to deliver higher quality services for vulnerable population groups, expands the scope of selected services, and protects vulnerable population groups against prevalent risk factors.

P133193 6/11/2015 2022/2047 l IPF - - Yes 350.0 - - -

LCR BelizeClimate Resilient Infrastructure Project enhances the resilience of road infrastructure against flood risk and impacts of climate change and improves the government's capacity to respond promptly and effectively to an emergency.

P127338 8/27/2014 2019/2039 l IPF - - Yes 30.0 - - -

LCR BoliviaDisaster Risk Management Development Policy Operation supports the strengthening of the country's legal and institutional framework for a comprehensive management of disaster and climate risks.

P150751 2/24/2015 2035/20352020/2040

lc

DPL - - Yes 100.0 100.0 69.1 -

41



















http://www.worldbank.org/projects/P106685/socio-economic-inclusion-rural-areas?lang=en

http://www.worldbank.org/projects/P133193/support-integral-strategy-prevention-control-non-communicable-diseases-project?lang=en




ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



LCR Brazil

Strengthening Fiscal Management and Promoting Better and More Inclusive Service Delivery Development Policy Operation improves fiscal management and the policy framework for territorial planning and tailors selected public services to the needs of women, afro-descendants, and minorities.

P147984 7/30/2014 2019/2044 l DPL - - Yes 400.0 - - -

LCR Brazil

Acre Social and Economic Inclusion and Sustainable Development Project contributes to efforts to promote social and economic inclusion of rural and urban poor, including the poorest and most disadvantaged populations living in isolated areas.

P130593 9/29/2014 2019/2039 l IPF Yes - Yes 150.0 - - -

LCR ColombiaSecond Programmatic Productive and Sustainable Cities Development Policy Operation supports the strengthening of the government's policy framework on productive, sustainable, inclusive cities.

P145766 12/12/2014 2032/2032 l DPL - - Yes 700.0 - - -

LCR Colombia

First Programmatic Sustained Growth and Income Convergence Development Policy Operation improves the access to financial markets for road infrastructure investments and firms; improves training and builds skills; and strengthens regulations that affection innovation and business efficiency.

P149609 12/12/2014 2034/2034 l DPL - - - 700.0 - - -

LCR Dominican RepublicCaribbean Regional Communications Infrastructure Program (First Phase) increases access to regional broadband networks and advances the development of ICT-enabled services in the region.

P147483 9/25/2014 2020/2044 l IPF - - Yes 30.0 - - -

LCR Dominican RepublicIntegrated Social Protection and Promotion Project improves access of poor citizens to an integrated package of social protection and promotion opportunities, including human capital, enhanced employability, and housing improvements.

P147213 3/12/2015 2020/2048 l IPF - - Yes 75.0 - - -

LCR Ecuador Guayaquil Wastewater Management Project increases access to improved sanitation services and reduces wastewater pollution in selected areas of Guayaquil.

P151439 4/22/2015 2030/2050 l IPF - - - 102.5 - - -

LCR Haiti

Sustainable Rural and Small Towns Water and Sanitation Project increases access to improved water supply and sanitation in targeted areas affected by cholera, strengthens service delivery mechanisms at the deconcentrated level, and improves capacity to respond effectively to an emergency.

P148970 5/26/2015 - g IPF - - Yes - 50.0 36.3 -

LCR Honduras

Fiscal Sustainability and Enhanced Social Protection Development Policy Operation strengthens fiscal and financial management, strengthens the management of the power sector, and improves the targeting of social protection programs.

P151803 12/9/2014 2020/2039 c DPL - - Yes - 55.0 - -

LCR Honduras

Social Protection Project improves the institutional capacity of institutions to manage the Conditional Cash Transfer program, provide income support to eligible beneficiaries, increase the use of preventative health services and school attendance in rural areas, and improve capacity to respond effectively to an eligible emergency.

P152266 3/31/2015 2020/2040 c IPF Yes - - - 25.0 - -

LCR JamaicaStrategic Public Sector Transformation Project strengthens public resource management and supports selected public sector institutions in facilitating a more enabling environment for private sector growth.

P146688 7/7/2014 2020/2043 l IPF - - Yes 35.0 - - -

LCR Jamaica Youth Employment in the Digital and Animation Industries Project supports youth employment in the digital and animation industries in the country.

P148013 7/18/2014 2020/2043 l IPF - - - 20.0 - - -

LCR Jamaica Foundations for Competitiveness and Growth Project strengthens the business environment for private sector investment.

P147665 7/25/2014 2020/2043 l IPF - - Yes 50.0 - - -

LCR Jamaica

First Competitiveness and Fiscal Management Programmatic Development Policy Operation supports policies aimed at improving investment climate and competitiveness and sustaining fiscal consolidation and enhancing public financial management.

P151448 3/3/2015 2021/2045 l DPL - - Yes 75.0 - - -

LCR MexicoSchool Based Management Project improves schools' managerial capacity and parental participation to reduce dropout, repetition, and failure rates among Quality Schools Program and Full Time Schools Program schools.

P147185 10/24/2014 2032/2032 l IPF - - - 350.0 - - -

LCR MexicoSocial Protection System Project supports efforts to increase access of PROSPERA beneficiaries to social and productive programs, and to develop instruments for an integrated social protection system.

P147212 10/24/2014 2030/2030 l IPF - - Yes 350.0 - - -

LCR Mexico

Reducing Inequality of Educational Opportunities Project improves parental competencies in early childhood development in targeted rural communities, and increases the transition rate from the primary to the secondary education level in targeted CONAFE-administered schools.

P149858 10/24/2014 2030/2030 l IPF - - - 150.0 - - -

LCR NicaraguaPublic Financial Management Modernization Project enhances the efficiency and transparency of public expenditure management and strengthens statistical management capacity.

P150743 12/8/2014 2021/2052 c IPF Yes - Yes - 25.0 - -

LCR Nicaragua

Strengthening the Public Health Care System Project strengthens the quality of and access to health services; contributes to adapting the public health system to the country's changing epidemiological profile; and secures financial support in case of public health emergencies.

P152136 6/4/2015 - g IPF - - - - 60.0 42.7 -

LCR PanamaFirst Programmatic Shared Prosperity Development Policy Operation supports government efforts to expand inclusion and opportunities, improve service delivery, and modernize fiscal management.

P151804 4/7/2015 2016/2034 l DPL - - Yes 300.0 - - -

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ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



LCR Paraguay

Enhancing Fiscal Management, Social Protection, and Financial Inclusion Development Policy Operation with a Deferred Drawdown Option assists the Government's efforts to strengthen sustainability, equity, and transparency in fiscal management; to improve targeting of social programs; and to increase access to financial services.

P151007 3/18/2015 2024/2043 l DPL - - Yes 100.0 - - -

LCR PeruOptimization of Lima Water and Sewerage Systems Project improves the efficiency, continuity, and reliability of water supply and sanitation services in the Northern Service Area of Lima.

P133287 1/15/2015 2020/2038 l IPF Yes - Yes 55.0 - - -

LCR Peru

Second Disaster Risk Management Development Policy Operation with a Catastrophe Deferred Drawdown Option strengthens the institutional and legal framework to contribute toward the reduction of the country's fiscal and physical vulnerability to disasters.

P149831 3/12/2015 2027/2030 l DPL - - Yes 400.0 - - -

LCR UruguayDrought Events' Impact Mitigation Project enhances the government's efforts to mitigate the effect of adverse weather conditions on its public sector accounts and enhances the efficiency of its risk mitigation management framework.

P149069 12/2/2014 2022/2035 l IPF - - - 200.0 - - -

MNA Djibouti

Social Safety Net Project supports short-term employment opportunities in community-based, labor-intensive works for the poor and vulnerable, and supports the improvement of nutrition practices focusing on preschool children and pregnant and lactating women.

P149621 10/28/2014 2020/2039 c IPF Yes - Yes - 5.0 3.3 -

MNA Egypt, Arab Rep. Household Natural Gas Connection Project assists to increase household access to reliable, lower-cost, grid-connected natural gas supply.

P146007 7/24/2014 2022/2043 l IPF - - Yes 500.0 - - -

MNA Egypt, Arab Rep. Strengthening Social Safety Net Project establishes an efficient and effective Takaful and Karama cash transfer program.

P145699 4/10/2015 2020/2050 l IPF - - Yes 400.0 - - -

MNA Egypt, Arab Rep.Inclusive Housing Finance Program improves the affordability of formal housing for low-income households and strengthens the Social Housing Fund's capacity to design policies and coordinate programs in the social housing sector.

P150993 5/5/2015 2020/2050 l PforR - - Yes 500.0 - - -

MNA JordanMicro, Small, and Medium Enterprises (MSMEs) Development for Inclusive Growth contributes to improved access to finance for the country's MSMEs. P153987 4/10/2015 2020/2045 l IPF Yes - Yes 50.0 - - -

MNA LebanonEnvironmental Pollution Abatement Project assists in reducing industrial pollution in targeted industrial enterprises and strengthens the monitoring and enforcement capabilities of the government.

P143594 8/1/2014 2017/2028 l IPF - - Yes 15.0 - - -

MNA Lebanon Water Supply Augmentation Project increases the volume of water available to Greater Beirut and Mount Lebanon.

P125184 9/30/2014 2018/2044 l IPF - - Yes 474.0 - - -

MNA Morocco

Second Skills and Employment Development Policy Operation improves the relevance of skills development programs to labor market needs; improves the effectiveness of intermediation services; promotes the formalization of microenterprises; and strengthens the labor market information system.

P144185 8/26/2014 2021/2043 l DPL - - Yes 100.0 - - -

MNA MoroccoNoor-Ouarzazate Concentrated Solar Power Plant Project increases installed capacity (megawatts) and electricity output (megawatt-hours), especially during peak hours, of the Noor-Ouarzazate Solar Complex.

P131256 9/30/2014 2025/2037 l IPF - - Yes 400.0 - - -

MNA MoroccoFourth Municipal Solid Waste Sector Development Policy Operation supports the government's efforts to improve the economic, environmental, and social performance of the municipal solid waste sector.

P148642 2/12/2015 2020/2040 l DPL - - Yes 130.0 - - -

MNA MoroccoSecond Economic Competitiveness Support Program Development Policy Operation supports policy reforms to improve the investment climate, further trade policy reform and trade facilitation, and strengthen economic governance.

P128869 3/2/2015 2020/2040 l DPL - - Yes 200.0 - - -

MNA Morocco Improving Primary Health in Rural Areas Program expands access to primary healthcare in targeted rural areas.

P148017 4/24/2015 2020/2040 l PforR - - Yes 100.0 - - -

MNA MoroccoClean and Efficient Energy Project improves the capacity of the National Electricity and Water Utility Company to supply and dispatch clean electricity and to meet the demand of targeted customers more efficiently.

P143689 4/24/2015 2020/2039 l IPF - - Yes 125.0 - - -

MNA TunisiaUrban Development and Local Governance Program strengthens local governments' performance to deliver municipal infrastructure and improves access to services in targeted disadvantaged neighborhoods.

P130637 7/24/2014 2021/2044 l PforR - - Yes 300.0 - - -

MNA West Bank and Gaza

Water Supply and Sewage Systems Improvement Project restores and improves the quality and efficiency of water supply and wastewater services through rehabilitating and reconstructing existing and damaged systems and enhancing utility capacity to sustain water and wastewater services.

P151032 10/30/2014 - g IPF Yes Yes Yes - - - 3.0

MNA West Bank and Gaza Electricity Network Rehabilitation Project restores and improves basic electricity services in Gaza.

P152411 10/30/2014 - g IPF Yes Yes Yes - - - 15.0


Emergency Response Additional Financing to the Second Municipal Development Project improves municipal management practices for better municipal transparency and service delivery, and restores priority municipal services following the conflict in Gaza.

P152523 10/30/2014 - g IPF Yes Yes Yes - - - 3.0


Emergency Response Additional Financing for the Palestinian National Development Plan Sixth Development Policy Operation strengthens the fiscal position of the Palestinian Authority, builds public procurement systems and strengthens budget management, and improves regulatory aspects of the business climate.

P152527 10/30/2014 - g DPL Yes Yes - - - - 41.0

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SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



MNA West Bank and GazaHealth System Resiliency Strengthening Project supports the Palestinian Authority in securing continuity in healthcare service delivery and in building its resilience to withstand future surge in demand for effective healthcare coverage.

P150481 1/21/2015 - g IPF - Yes Yes - - - 8.5

MNA West Bank and Gaza Hebron Regional Wastewater Management Project (First Phase) reduces the environmental pollution from wastewater produced in the Hebron Municipality. P117449 4/22/2015 - g IPF - Yes Yes - - - 4.5

MNA Yemen, Rep. Labor Intensive Public Works Project provides needed infrastructure to improve access to basic public services and creates short-term employment.

P148366 7/3/2014 - g IPF Yes - Yes - 50.0 32.4 -

MNA Yemen, Rep.Social Fund for Development Project (Fourth Phase) improves access to basic services, enhances economic opportunities, and reduces the vulnerability of the poor.

P148474 8/1/2014 - g IPF Yes - Yes - 50.0 32.4 -

MNA Yemen, Rep.Higher Education Quality Improvement Project creates the enabling conditions for the enhancement of the quality of university programs and graduate employability.

P150129 9/15/2014 - g IPF Yes - Yes - 3.0 2.0 -

MNA Yemen, Rep. Emergency Support to Social Protection Project assists in providing cash transfers to social welfare fund beneficiaries.

P151923 12/9/2014 - g IPF - - Yes - 90.0 59.3 -

SAR Afghanistan Second Customs Reform and Trade Facilitation Project improves the release of legitimate goods in a fair and efficient manner.

P155443 6/11/2015 - g IPF Yes - Yes - 21.5 15.3 -

SAR Bangladesh Multipurpose Disaster Shelter Project reduces the vulnerability of the coastal population to natural disasters in selected coastal districts.

P146464 12/16/2014 2021/2052 c IPF - - Yes - 375.0 253.7 -

SAR Bangladesh

Income Support Program for the Poorest Project provides income support to the poorest mothers in selected Upazilas, while increasing the mothers' use of child nutrition and cognitive development services and enhancing local level government capacity to delivery safety nets.

P146520 12/16/2014 2021/2052 c IPF - - Yes - 300.0 202.4 -

SAR BangladeshThird Primary Education Development Program increases the number of children enrolled in and completing primary education; reduces social disparities in terms of access to education; and improves the measurement of student learning.

P150669 12/16/2014 2021/2052 c IPF Yes - Yes - 400.0 269.8 -

SAR Bangladesh Nuton Jibon Livelihood Improvement Project improves livelihoods of the poor and extreme poor in the project areas.

P149605 3/18/2015 2021/2053 c IPF - - Yes - 200.0 138.1 -

SAR BangladeshUrban Resilience Project strengthens the capacity of government agencies to respond to emergency events and strengthens systems to reduce the vulnerability of future building construction to disasters in Dhaka and Sylhet.

P149493 3/24/2015 2021/2053 c IPF - - Yes - 173.0 122.8 -

SAR BangladeshFinancial Sector Support Project improves financial market infrastructure, regulatory and oversight capacity of Bangladesh Bank, and access to long-term financing for private firms in the country.

P150938 6/5/2015 2021/2053 c IPF - - Yes - 300.0 213.4 -

SAR BangladeshNational Agricultureal Technology Program (Second Phase) increases the agricultural productivity of smallholder farms and improves smallholder famers' access to markets in selected districts.

P149553 6/5/2015 2021/2053 c IPF - - Yes - 176.1 125.2 -

SAR Bhutan

First Fiscal Sustainability and Investment Climate Development Policy Operation promotes fiscal discipline, contributes to enhancing access to finance to enterprises, and improves the climate for business entry and investment in the country.

P147806 6/17/2015 2020/2040 c DPL - - - - 20.0 14.3 -

SAR India

Neeranchal National Watershed Project supports the Integrated Watershed Management Program (IWMP) through technical assistance to improve incremental conservation outcomes and agricultural yields for selected communities and adoption of more effective processes and technologies into the broader IWMP.

P132739 7/17/2014 2019/2039 c IPF - - Yes - 178.5 116.4 -

SAR IndiaTelangana Rural Inclusive Growth Project enables selected poor households to enhance agricultural incomes and secure increased access to human development services and social entitlements.

P143608 12/19/2014 2020/2039 c IPF - - Yes - 75.0 50.8 -

SAR IndiaAndhra Pradesh Rural Inclusive Growth Project enables selected poor households to enhance agricultural incomes and secure increased access to human development services and social entitlements.

P152210 12/19/2014 2020/2039 c IPF - - Yes - 75.0 50.8 -

SAR India

Micro, Small, and Medium Enterprises (MSME) Growth Innovation and Inclusive Finance Project improves access of MSMEs in manufacturing and service sectors from early to growth stage, including through innovative financial products.

P151544 2/24/2015 2020/2024 l IPF - - - 500.0 - - -

SAR IndiaPunjab Rural Water and Sanitation Sector Improvement Project improves water and sanitation service levels, reduces open defecation, and strengthens service delivery arrangements in targeted villages.

P150520 3/24/2015 2021/2048 l IPF - - Yes 248.0 - - -

SAR IndiaTamil Nadu Sustainable Urban Development Project improves urban service delivery in a financially sustainable manner and pilots improved urban management practices in selected cities.

P150395 3/31/2015 2022/2047 l IPF - - Yes 400.0 - - -

SAR IndiaSecond Tamil Nadu Road Sector Project increases road capacity, enhances quality of maintenance, improves safety, and supports the institutional development of Tamil Nadu's core road network.

P143751 4/28/2015 2022/2044 l IPF - - Yes 300.0 - - -

SAR IndiaEnhancing Teacher Effectiveness in Bihar Operation improves the effectiveness of elementary school teachers in Bihar through institutional reforms and improvements in teacher management and accountability.

P132665 5/19/2015 2020/2040 c PforR - - Yes - 250.0 - -

SAR IndiaSecond National Cyclone Risk Mitigation Project reduces vulnerability to cyclone and other hydro-meteorological hazards of coastal communities and increases the capacity of State entities to effectively plan for and respond to disasters.

P144726 5/28/2015 2020/2040 c IPF - - Yes - 308.4 - -

SAR IndiaJhelum and Tawi Flood Recovery Project supports the recovery and increases disaster resilience in project areas, and increases government capacity to respond effectively to an eligible emergency.

P154990 6/2/2015 2020/2040 c IPF - - Yes - 250.0 - -

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IBRD (US$)

IDA (US$)

IDA (SDRd)



SAR India

Andhra Pradesh Disaster Recovery Project restores and improves the resilience of public services, environmental facilities, and livelihoods in targeted communities, and enhances the capacity of state entities to respond effectively to an eligible emergency.

P154847 6/17/2015 2020/2040 c IPF - - Yes - 250.0 - -

SAR India

Eastern Dedicated Freight Corridor Project provides additional rail transport capacity, improved services quality, and higher freight throughput on the Ludhiana-Khurja section of the eastern rail corridor, and develops government institutional capacity to build, maintain, and manage the dedicated freight corridor.

P150158 6/30/2015 2022/2037 l IPF - - Yes 650.0 - - -

SAR IndiaHigher Education Quality Improvement Project improves student outcomes, especially for disadvantaged groups, in selected higher education institutions, and increases the effectiveness of the higher education system in Madhya Pradesh.

P150394 6/30/2015 2020/2040 c IPF - - Yes - 300.0 - -

SAR Maldives

Environmental Management Project supports government capacity to manage environmental risks and threats to fragile coral reefs as well as marine habitats resulting from tourism development, increased solid waste disposal, fisheries, and global climate change.

P153958 4/22/2015 - g IPF Yes - Yes - 3.3 2.4 -

SAR Nepal Kabeli-A Hydroelectric Project increases hydropower generation capacity to supply the Nepal Electricity Authority grid through public-private investment.

P122406 7/1/2014 2020/2052-

cg

IPF - - Yes - 46.0 30.1 -

SAR NepalGrid Solar and Energy Efficiency Project increases the solar photovoltaic–generated electricity to supply the Nepal Electricity Authority (NEA) grid and reduces NEA's distribution losses in selected distribution centers.

P146344 12/22/2014 2021/2052 c IPF - - Yes - 130.0 88.0 -

SAR NepalHigher Education Reforms Project supports reforms in selected institutions for improving quality, relevance, and efficiency of higher education, and assists under-privileged students for equitable access.

P147010 2/19/2015 2021/2053 c IPF - - Yes - 65.0 44.9 -

SAR NepalPost Disaster Second Financial Sector Stability Credit supports the financial sector medium-term reform program to reduce the vulnerability of the banking sector and increase its transparency.

P133777 6/29/2015 2021/2053 c DPL - - Yes - 100.0 72.0 -

SAR NepalEarthquake Housing Reconstruction Project restores affected houses with multi-hazard resistant core housing units in targeted areas, and enhances the government's ability to improve long-term disaster resilience.

P155969 6/29/2015 2021/2053 c IPF - - Yes - 200.0 143.9 -

SAR Pakistan Sindh Agricultural Growth Project improves the productivity and market access of small and medium producers in important commodity value chains.

P128307 7/7/2014 2019/2039 c IPF - - Yes - 76.4 49.4 -

SAR PakistanEnhanced Nutrition for Mothers and Children Project increases the coverage, in targeted areas, of interventions that are known to improve the nutritional status of children under two years of age and of pregnant and lactating women.

P131850 8/29/2014 2019/2039 c IPF - - Yes - 36.2 23.5 -

SAR Pakistan

Sindh Water Sector Improvement Project (First Phase) improves the efficiency and effectiveness of irrigation water distribution, particularly with respect to measures of reliability, equity, and user satisfaction, in three Area Water Boards (AWB): Ghotki Feeder AWB; Left Bank Canals AWB; and Nara Canal AWB.

P131325 12/16/2014 2020/2039 c IPF Yes - Yes - 138.0 93.1 -

SAR PakistanSindh Public Sector Management Reform Project strengthens public sector performance in the Province of Sindh through improved revenue generation and expenditure management.

P145617 1/28/2015 2020/2039 c IPF - - Yes - 50.0 33.9 -

SAR Pakistan Sindh Irrigated Agriculture Productivity Enhancement Project improves irrigation water management at tertiary and field levels in Sindh.

P145813 3/20/2015 2020/2039 c IPF - - Yes - 187.0 132.7 -

SAR Pakistan Punjab Skills Development Project improves the quality, labor market relevance of, and access to skills training programs in priority sectors in the Punjab. P130193 4/30/2015 2020/2040 c IPF - - Yes - 50.0 36.3 -

SAR PakistanDisaster and Climate Resilience Improvement Project supports restoration of resilient flood protection infrastructure and strengthens government capacity to manage disasters and climate variability.

P154036 6/2/2015 2020/2040 c IPF - - Yes - 125.0 88.9 -

SAR PakistanSecond Fiscally Sustainable and Inclusive Growth Development Poilcy Operation supports reforms to foster private and financial sector development and to mobilize revenue and expand priority social spending.

P151620 6/18/2015 2020/2040 c DPL - - - - 500.0 355.6 -

SAR PakistanSindh Barrage Improvement Project improves the reliability and safety of the Guddu barrage and strengthens the Sindh Irrigation Department's capacity to operate and manage the barrage.

P131324 6/19/2015 2020/2040 c IPF - - Yes - 188.0 133.7 -

SAR Sri Lanka Early Childhood Development Project enhances equitable access to and improves the quality of early childhood development services.

P151916 6/24/2015 2020/2040 c IPF - - Yes - 50.0 35.6 -

SAR Sri LankaWater Supply and Sanitation Improvement Project increases access to piped water services and improved sanitation in selected districts, and strengthens the capacity of associated institutions.

P147827 6/24/2015 2020/2040 c IPF - - Yes - 165.0 117.4 -

f. Operation includes grants to Guinea, Liberia, and Sierra Leone.g. Operation includes grants to Guinea, Liberia, and Sierra Leone.h. Operation includes credits to Côte d'Ivoire, Mali, and Niger, and grants to Chad, Côte d'Ivoire, and Mauritania.i. Operation includes credits to Mozambique and Tanzania, and grants to Comoros and Mozambique. j. Operation includes grants to Guinea and Mauritania.

d. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a "basket" of currencies. The U.S. dollar eqivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant.e. Principal amounts show the combined totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated.

c. Civil society involement includes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal of the project, and with intended civil society participation in the project's implementation, monitoring, and evaluation phases.

Notes: Numbers may not add to totals because of rounding. AFR = Africa ; EAP = East Asia and Pacific; ECA = Europe and Central Asia; LCR = Latin America and the Caribbean; MNA = Middle East and North Africa; SAR = South Asia; DPL = Development Policy (l); IPF = Investment Project Financing; PforR = Program-for-Results; - = not applicable; c = IDA credit; g = IDA grant; l = IBRD loan; gu = IBRD or IDA guarantee. For more detailed information, see www.worldbank.org/projects.a. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation.b. Financing provided by trust funds administered by the World Bank.

45






















ApprovalFirst/Last



SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRd)



k. Operation includes credits to Gambia, Guinea, Guinea-Bissau, and Senegal.l. Operation includes credits to Kenya and Tanzania.m. Operation includes credits to Burikina-Faso, Mali, Niger, and Senegal, and grants to Chad and Mauritania.n. Operation includes credits to Burkina-Faso, Mali, and Niger.o. Operation includes credits to Burkina-Faso and Côte d'Ivoire.

46

Income by Region

Population living below $1.25 and $2 a day (1981–2011) 48

Share of people living on less than $1.25 a day 49

The number of people living on less than $1.25 a day and between $1.25 and $2 a day 50

Gross Domestic Product per Capita Index (2004–14) 51

47

percent

Population living below $1.25 a day (2005 PPP)Developing-country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011

East Asia and Pacific 78.0 65.6 54.3 57.0 51.7 38.3 35.9 27.3 16.7 13.7 7.9China 84.3 69.4 54.0 60.7 54.9 37.4 36.0 28.1 15.8 12.3 6.3

Europe and Central Asia 2.9 2.3 1.9 1.5 2.9 4.3 3.8 2.1 1.3 0.5 0.5Latin America and the Caribbean 12.6 14.1 12.1 12.2 11.9 10.5 11.0 10.2 7.3 5.4 4.6Middle East and North Africa 8.8 6.6 7.2 5.8 5.3 4.8 4.8 3.8 3.0 2.1 1.7South Asia 61.4 57.7 56.9 54.1 52.1 48.6 45.0 44.1 39.3 34.1 24.5

India 59.8 55.5 54.7 51.4 49.7 47.2 45.4 44.2 40.5 35.4 24.7Sub-Saharan Africa 52.8 56.2 55.7 56.6 60.9 59.7 59.3 57.1 52.8 49.7 46.8

Region Total 52.8 47.6 42.9 43.4 41.6 35.9 34.2 30.6 24.8 21.9 17.0 excluding China 40.2 39.0 38.8 36.9 36.5 35.2 33.5 31.6 27.9 25.0 20.4

Developing-country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011

East Asia and Pacific 92.8 88.7 81.8 81.5 76.5 65.8 62.2 51.6 38.4 32.1 22.7China 97.9 92.9 83.6 85.0 77.8 66.2 61.9 50.7 36.0 28.3 18.6

Europe and Central Asia 11.3 8.9 7.0 6.3 9.1 11.9 11.9 7.1 4.6 2.3 2.2Latin America and the Caribbean 24.0 25.9 22.8 22.6 21.2 20.5 21.0 20.5 15.2 11.2 9.3Middle East and North Africa 29.3 25.1 26.5 23.8 23.5 22.6 21.9 19.5 17.2 13.2 11.6South Asia 87.2 85.6 85.1 83.7 82.8 80.7 77.7 77.3 73.3 69.3 60.2

India 86.6 84.8 84.3 82.6 81.9 80.2 78.8 77.7 74.8 70.9 60.5Sub-Saharan Africa 73.0 75.6 75.3 76.0 79.0 78.7 78.7 77.5 74.5 72.0 69.5

Region Total 70.2 68.3 65.2 64.8 63.5 59.4 57.6 53.2 46.5 42.4 36.3excluding China 59.2 58.9 58.4 57.3 57.5 56.9 56.0 54.2 50.4 47.1 42.1

millions


East Asia and Pacific 1,107 979 851 939 887 682 661 518 321 272 161 China 837 720 585 690 646 455 451 359 206 163 84

Europe and Central Asia 13 10 9 7 13 20 18 10 6 2 2 Latin America and the Caribbean 42 52 51 55 51 51 55 54 40 31 28 Middle East and North Africa 15 13 15 13 13 12 13 11 9 7 6 South Asia 570 577 610 620 636 630 617 638 596 540 399

India 427 425 446 446 458 460 465 476 457 415 301 Sub-Saharan Africa 210 244 263 291 338 359 386 401 399 403 416

Region Total 1,958 1,874 1,799 1,926 1,939 1,754 1,751 1,632 1,371 1,255 1,011 excluding China 1,121 1,154 1,214 1,236 1,293 1,299 1,300 1,272 1,166 1,092 927


East Asia and Pacific 1,319 1,322 1,282 1,342 1,314 1,172 1,145 978 745 637 460 China 972 963 906 964 917 806 775 649 469 375 250

Europe and Central Asia 48 39 32 29 43 56 56 33 22 11 10 Latin America and the Caribbean 88 100 94 99 97 99 107 108 84 64 55 Middle East and North Africa 51 47 55 54 57 58 60 56 52 42 39 South Asia 810 855 912 960 1,012 1,047 1,068 1,118 1,111 1,100 979

India 619 648 688 718 754 780 807 837 843 833 739 Sub-Saharan Africa 291 328 355 389 439 473 511 543 563 585 617

Region Total 2,606 2,692 2,730 2,873 2,962 2,905 2,946 2,837 2,576 2,438 2,160 excluding China 1,634 1,729 1,823 1,909 2,045 2,100 2,171 2,188 2,107 2,063 1,910

Population living below $1.25 and $2 a day | 1981–2011

Source: PovcalNet, World Bank.Note: PPP = purchasing power parity. Data are current as of July 2015. Visit http://data.worldbank.org for data updates.

Population living below $2 a day (2005 PPP)

Population living below $1.25 and $2 a day | 1981–2011

Population living below $1.25 a day (2005 PPP)

Population living below $2 a day (2005 PPP)

48

percent

1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011East Asia and Pacific 78.0 65.6 54.3 57.0 51.7 38.3 35.9 27.3 16.7 13.7 7.9Europe and Central Asia 2.9 2.3 1.9 1.5 2.9 4.3 3.8 2.1 1.3 0.5 0.5Latin America and the Caribbean 12.6 14.1 12.1 12.2 11.9 10.5 11.0 10.2 7.3 5.4 4.6Middle East and North Africa 8.8 6.6 7.2 5.8 5.3 4.8 4.8 3.8 3.0 2.1 1.7South Asia 61.4 57.7 56.9 54.1 52.1 48.6 45.0 44.1 39.3 34.1 24.5Sub-Saharan Africa 52.8 56.2 55.7 56.6 60.9 59.7 59.3 57.1 52.8 49.7 46.8

Share of people living on less than $1.25 a day (2005 PPP)

Source: PovcalNet, World Bank

Note: PPP = purchasing power parity. Data are current as of July 2015. Visit http://data.worldbank.org for data updates.

0.0

20.0

40.0

60.0

80.0

1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011

East Asia and Pacific

Europe and Central Asia

Latin America and theCaribbeanMiddle East and North Africa

South Asia

Sub-Saharan Africa

49

billions

Region or country 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010

People living on less than $1.25 a day, Sub-Saharan Africa 0.210 0.244 0.263 0.291 0.338 0.359 0.386 0.401 0.399 0.403 0.416People living on less than $1.25 a day, South Asia 0.570 0.577 0.610 0.620 0.636 0.630 0.617 0.638 0.596 0.540 0.399People living on less than $1.25 a day, East Asia and Pacific 1.107 0.979 0.851 0.939 0.887 0.682 0.661 0.518 0.321 0.272 0.161People living on less than $1.25 a day, other developing regions 0.070 0.075 0.075 0.075 0.078 0.084 0.087 0.075 0.055 0.039 0.036People living on more than $1.25 and less than $2 a day, all developing regions 0.648 0.818 0.931 0.947 1.023 1.151 1.195 1.205 1.205 1.183 1.149Source: PovcalNet, World Bank

Note: Data are current as of July 2015. Visit http://data.worldbank.org for data updates.

The number of people living on less than $1.25 a day and between $1.25 and $2 a day

0.0

0.5

1.0

1.5

2.0

2.5

3.0

1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010

People living in poverty (billions)

People living on less than $1.25 a day, Sub-Saharan Africa People living on less than $1.25 a day, South Asia

People living on less than $1.25 a day, East Asia and Pacific People living on less than $1.25 a day, other developing regions

People living on more than $1.25 and less than $2 a day, all developing regions

While the number of people living on less than $1.25 a day has fallen, the number living on between $1.25 and $2 a day has increased.

50

Gross Domestic Product per Capita Index | 2004—14

Source: World Development Indicators database.

100

123

50

100

150

200

25020

04

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Africa

100

217

50

100

150

200

250

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014


100

175

50

100

150

200

250

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

South Asia

100

124

50

100

150

200

250

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Latin America and the Caribbean

100

140

50

100

150

200

250

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014


100115

50

100

150

200

250

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Middle East and North Africa

51

Organizational Information

Governors and Alternatives of the World Bank (June 30, 2015) 53

Executive Directors and Alternates of the World Bank and Their Voting Power (June 30, 2015) 58

Development Committee Communique (October 11, 2014) 61

Development Committee Communique (April 18, 2015) 64

Officers of the World Bank (June 30, 2015) 67

Organization Chart of the World Bank (March 2, 2015) 68

Remuneration of Executive Management, Executive Directors, and Staff (Fiscal 2015) 69

Offices of the World Bank 72

International Development Association Membership (June 30, 2015) 79

International Bank for Reconstruction and Development Membership (June 30, 2015) 84

Country Eligibility for Borrowing from the World Bank (July 1, 2015) 89

World Bank Expenditures by Organizational Unit (Fiscal 2011–15) 92

Contributions: Top-10 Trust Fund Donors (Fiscal 2015) 93

52

Governors and Alternatives of the World Bank | June 30, 2015

Member country Governor Alternate Afghanistan Eklil Ahmad Hakimi Mohammad M. Mastoor

Albania Shkelqim Cani Elisabeta Gjoni

Algeria Abderrahmane Benkhalfa Abdelhak Bedjaoui

Angola Aramando Manuel Job Graca

Antigua and Barbuda + Gaston Browne Lennox Weston

Argentina Axel Kicillof Alejandro Vanoli Long

Armenia Karen Chshmaritian Pavel Safaryan

Australia Joe Hockey Steven Ciobo

Austria Hans Joerg Schelling Harald Waiglein

Azerbaijan Elman Siradjogly Rustamov Shahin Mustafayev

Bahamas, The Perry G. Christie John Rolle

Bahrain + Ahmed Bin Mohammed Al-Khalifa Yusuf Abdulla Humood

Bangladesh Abul Maal A. Muhith Mohammad Mejbahuddin

Barbados Christopher P. Sinckler Martin E. Cox

Belarus + Vasily Matyushevsky Vladimir Zinovsky

Belgium Johan Van Overtveldt Jan Smets

Belize Dean O. Barrow Yvonne Sharman Hyde

Benin Marcel A. de Souza Komi Koutche

Bhutan Namgay Dorji Lam Dorji

Bolivia Rene Gonzalo Orellana Halkyer Luis Alberto Arce Catacora

Bosnia and Herzegovina Denis Zvizdic Josip Grubesa

Botswana Ontefetse Kenneth Matambo Solomon M. Sekwakwa

Brazil Joaquim Vieira Ferreira Levy Alexandre Antonio Tombini

Brunei Darussalam + Sultan Haji Hassanal Bolkiah Abd Rahman Ibrahim

Bulgaria + Vladislav Goranov Dimitar Kostov

Burkina Faso Jean Gustave Sanon Lassane Kabore

Burundi Tabu Abdallah Manirakiza Leon Nimbona

Cabo Verde Cristina Duarte Carlos Furtado

Cambodia Pornmoniroth Aun Vissoth Vongsey

Cameroon Emmanuel Nganou Djoumessi Dieudonne Evou Mekou

Canada Joe Oliver Margaret Biggs

Central African Republic Florence Limbio Christophe Bremaidou

Chad Mariam Mahamat Nour Orozi Fodeibou

Chile Rodrigo Osvaldo Valdes Pulido Sergio Granados Aguilar

China Jiwei Lou Yaobin Shi

Colombia Mauricio Cardenas Santamaria Simon Gaviria Munoz

Comoros Mze Chei Oubeidi S. Soifiat Tadjiddine Alfeine

Congo, Democratic Republic of Henri Yav Mulang Jean-Claude Masangu Mulongo

Congo, Republic of Gilbert Ondongo Leon Raphael Mokoko

Costa Rica Helio Fallas Olivier Castro Perez

Côte d'Ivoire Daniel Kablan Duncan Jean Claude Brou

Croatia Boris Lalovac Igor Radenovic

Cyprus Harris Georgiades Christos Patsalides

Member country Governor Alternate Czech Republic Andrej Babis (vacant)

Denmark Kristian Jensen Martin Bille Hermann

Djibouti Ilyas Moussa Dawaleh Amareh Ali Said

Dominica Roosevelt Skerrit Rosamund Edwards

Dominican Republic Juan Temistocles Montas Simon Lizardo

Ecuador Fausto Eduardo Herrera Nicolalde Patricio Rivera Yanez

Egypt, Arab Republic of Naglaa El Ehwany Ashraf Salman

El Salvador Francisco Roberto Lorenzana-Duran Carlos Enrique Caceres

Equatorial Guinea Eucario Bacale Angue Milagrosa Obono Angue

Eritrea Berhane Habtermariam Martha Woldegiorghis

Estonia Sven Sester Marten Ross

Ethiopia Sufian Ahmed Ahmed Shide

Fiji Aiyaz Sayed-Khaiyum Filimone Waqabaca

Finland Alexander Stubb Lenita Toivakka

France Michel Sapin Bruno Bezard

Gabon Regis Immongault Roger Owono Mba

Gambia, The Abdou Kolley Abdoulie Jallow

Georgia Nodar Khaduri George Kvirikashvili

Germany Gerd Mueller Thomas Steffen

Ghana Seth E. Terkper Mona Helen K. Quartey

Greece Georgios Stathakis Manousos Manousakis

Grenada Keith C. Mitchell Didacus Jules

Guatemala Dorval Carias-Samayoa Julio Suarez-Guerra

Guinea Mohamed Diare Sekou Traore

Guinea-Bissau Geraldo Joao Martins Degol Mendes

Guyana Winston Jordan (vacant)

Haiti Wilson Laleau Charles Castel

Honduras Wilfredo Rafael Cerrato Rodriguez Marlon Ramsses Tabora Munoz

Hungary Mihaly Varga Gabor Orban

Iceland Gunnar Bragi Sveinsson Bjarni Benediktsson

India Arun Jaitley Rajiv Mehrishi

Indonesia Bambang P.S. Brodjonegoro Andrinof Chaniago

Iran, Islamic Republic of Ali Taieb Nia Mohammad Khazaee Torshizi

Iraq Hoshyar Mahmoud Zebari (vacant)

Ireland Michael Noonan Derek Moran

Israel Karnit Flug Shai Babad

Italy Ignazio Visco Carlo Monticelli

Jamaica + Peter Phillips Devon Rowe

Japan Taro Aso Haruhiko Kuroda

Jordan Imad Najib Fakhoury Saleh Al-Kharabsheh

Kazakhstan Erbolat A. Dossaev Madina Abylkassymova

Kenya Henry Kiplagat Rotich Kamau Thugge

Kiribati Tom Murdoch Eriati Manaima

Korea, Republic of Kyunghwan Choi Juyeol Lee

Member country Governor Alternate Kosovo Avdullah Hoti (vacant)

Kuwait Anas K. Al-Saleh Abdulwahab Ahmed Al-Bader

Kyrgyz Republic Adylbek Kasymaliev Oleg Pankratov

Lao People's Democratic Republic Liane Thykeo Sonexay Sitphaxay

Latvia Janis Reirs Dana Reizniece-Ozola

Lebanon Ali Hassan Khalil Alain Hakim

Lesotho Francis Mokoto Hloaele Lerotholi Pheko

Liberia Amara M. Konneh (vacant)

Libya Kamel Mohamed (vacant)

Lithuania Rimantas Sadzius Algimantas Rimkunas

Luxembourg Pierre Gramegna Arsene Joseph Jacoby

Macedonia, former Yugoslav Republic of Zoran Stavreski Vladimir Pesevski Madagascar Herilanto Raveloharison Vonintsalama Andriambololona

Malawi Goodall E. Gondwe Ronald Mangani

Malaysia Mohd. Najib Abdul Razak Mohd. Irwan Serigar Abdullah

Maldives Abdulla Jihad Ismail Ali Maniku

Mali Mamadou Igor Diarra Boubou Cisse

Malta + Edward Scicluna Alfred S. Camilleri

Marshall Islands Jack Ading Clarence Samuel

Mauritania Sid' Ahmed Raiss Mohamed Lemine Ahmed Tar

Mauritius Seetanah Lutchmeenaraidoo Dharam Dev Manraj

Mexico Luis Videgaray Caso Fernando Aportela Rodriguez

Micronesia, Federated States of Kensley K. Ikosia Senny Phillip

Moldova Anatol Arapu Elena Matveeva

Mongolia Jargaltulga Erdenebat Naidansuren Zoljargal

Montenegro Radoje Zugic Nikola Vukicevic

Morocco Mohammed Boussaid Mohammed Louafa

Mozambique Adriano Afonso Maleiane Ernesto Gouveia Gove

Myanmar Win Shein Khin Saw Oo

Namibia + Carl Hermann Gustav Schlettwein Ipumbu Shiimi

Nepal Ram Sharan Mahat Suman Prasad Sharma

Netherlands Jeroen Dijsselbloem Lilianne Ploumen

New Zealand Bill English Gabriel Makhlouf

Nicaragua Ivan Acosta Montalvan Francisco J. Mayorga

Niger Amadou Boubacar Cisse Gilles Baillet

Nigeria Ngozi Okonjo-Iweala Anastasia Mabi Daniel-Nwaobia

Norway Borge Brende Hans Brattskar

Oman Darwish bin Ismail Al Balushi (vacant)

Pakistan Mohammad Ishaq Dar Muhammad Saleem Sethi

Palau Elbuchel Sadang Rhinehart Silas

Panama Dulcidio De La Guardia Ivan Zarak

Papua New Guinea Patrick Pruaitch Dairi Vele

Paraguay Santiago Pena Palacios Pedro Daniel Correa Ramirez

Peru Alonso Arturo Segura Vasi Rossana Carla Polastri Clark

Member country Governor Alternate Philippines Cesar V. Purisima Amando M. Tetangco, Jr.

Poland Marek Belka Piotr Wiesiolek

Portugal Maria Luis Albuquerque Manuel Rodrigues

Qatar + Ali Sharieff Al Emadi Abdullah Bin Saoud Al-Thani

Romania Eugen Orlando Teodorovici Liviu Voinea

Russian Federation Anton Siluanov Alexey Ulyukaev

Rwanda Claver Gatete Uzziel Ndagijimana

Samoa Tuilaepa Sailele Malielegaoi Iulai Lavea

San Marino + Marco Arzilli Renato Clarizia

São Tomé and Príncipe Americo d'Oliveira dos Ramos Ana Maria da Conceicao Silveira

Saudi Arabia Ibrahim A. Al-Assaf Fahad A. Almubarak

Senegal Amadou Ba Birima Mangara

Serbia Dusan Vujovic Rasim Ljajic

Seychelles + Jean Paul Adam Caroline Abel

Sierra Leone Kaifala Marah Edmund Koroma

Singapore Tharman Shanmugaratnam Peter Ong Boon Kwee

Slovak Republic Peter Kazimir Jan Toth

Slovenia Dusan Mramor Irena Sodin

Solomon Islands Snyder Rini Harry Degruit Kuma

Somalia Mohamed Adam Ibrahim Bashir Isse

South Africa Nhlanhla Nene Lungisa Fuzile

South Sudan David Deng Athorbei Kornelio Koryom

Spain Luis De Guindos Inigo Fernandez de Mesa

Sri Lanka Ravi Karunanayake K.M. Liyanage

St. Kitts and Nevis Timothy S. Harris Hillary Hazel

St. Lucia Kenny D. Anthony Reginald Darius

St. Vincent and the Grenadines Ralph E. Gonsalves Laura Anthony-Browne

Sudan Bader Eldin Mahmoud Abbas Abd Elrahman Mohamed Dirar

Suriname + Gillmore Hoefdraad Andojo Rusland

Swaziland Hlangusemphi Dlamini Khabonina Mabuza

Sweden Magdalena Andersson Isabella Lovin

Switzerland Johann N. Schneider-Ammann Didier Burkhalter

Syrian Arab Republic Humam Al-Jazaeri Mohammad Hamandosh

Tajikistan Abdusalom Qurbonov Negmatullo Hikmatullozoda

Tanzania Saada Mkuya Salum Servacius Beda Likwelile

Thailand Sommai Phasee Rungson Sriworasat

Timor-Leste Santina JRF Viegas Cardoso Helder Lopes

Togo Mawussi Djossou Semodji Aheba Johnson

Tonga Aisake Valu Eke Tatafu Moeaki

Trinidad and Tobago Larry Howai Bhoendradatt Tewarie

Tunisia Yassine Brahim Kalthoum Hamzaoui

Turkey Cavit Dagdas Hakan Tokac

Turkmenistan + Muhammetguly A. Muhammedov Dovletmurat A. Mulkiyev

Tuvalu Maatia Toafa Letasi Iuali

Member country Governor Alternate Uganda Matia Kasaija Keith Muhakanizi

Ukraine Vitaliy Yarema Aivaras Abromavicius

United Arab Emirates Hamdan bin Rashid Al-Maktoum Obaid Humaid Al Tayer

United Kingdom Justine Greening George Osborne

United States Jacob J. Lew Catherine Novelli

Uruguay + Danilo Astori Pablo Ferreri

Uzbekistan Galina Saidova Ravshan Gulyamov

Vanuatu Willie Jimmy Tapangararua Simeon Malachi Athy

Venezuela, República Bolivariana de + Rodolfo Clemente Marco Torres Eudomar Rafael Tovar

Vietnam Binh Van Nguyen Thi Hong Nguyen

Yemen, Republic of Mohammed Al-Maitami Mutahar Abdulaziz Al-Abbasi

Zambia Alexander B. Chikwanda Fredson K. Yamba

Zimbabwe Patrick Anthony Chinamasa Willard Lowenstern Manungo

Source: Corporate Secretariat, June 30, 2015 + Not a member of IDA

Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2015 IBRD IDA

Executive Director Alternate Casting votes of Total votes

% of total

Total votes

% of total

Appointed

Matthew McGuire (Vacant) United States 358,503 16.16 2,630,631 10.47

Masahiro Kan Daiho Fujii Japan 166,099 7.49 2,123,311 8.45

Shixin Chen Jinadi Ye China 107,249 4.83 532,536 2.12

Ursula Mueller Wilhelm Rissmann Germany 97,229 4.38 1,371,924 5.46

Gwen Hines Clare Roberts United Kingdom 87,246 3.93 1,517,718 6.04

Hervé de Villeroché Arnaud Delaunay France 87,246 3.93 960,668 3.82

Elected

Franciscus Godts (Belgium)

Gulsum Yazganarikan (Turkey)

Austria, Belarusa, Belgium, Czech Republic, Hungary, Kosovo, Luxembourg, Slovak Republic, Slovenia, Turkey

111,568 5.03 1,174,630 4.67

Jose Rojas (Mexico)

Beatriz de Guindos (Spain)

Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela (República Bolivariana de)a

93,354 4.21 556,558 2.21

Sung-Soo Eun (Republic of Korea)

Jason Allford (Australia)

Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands, Micronesia (Federated States of), Mongolia, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, Vanuatu

90,790 4.09 986,640 3.92

Frank Heemskerk (Netherlands)

Roman Zhukovskyi (Ukraine)

Armenia, Bosnia and Herzegovina, Bulgariaa, Croatia, Cyprus, Georgia, Israel, Macedonia (former Yugoslav Republic of), Moldova, Montenegro, Netherlands, Romania, Ukraine

88,053 3.97 1,227,607 4.90

Alister Smith (Canada)

Janet Harris (St. Kitts and Nevis)

Antigua and Barbudaa, The Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Ireland, Jamaicaa, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines

83,275 3.75 1,123,551 4.48

Subhash Garg (India)

Mohammad Tareque (Bangladesh)

Bangladesh, Bhutan, India, Sri Lanka 80,539 3.63 1,022,222 4.06

Antonio Silveira (Brazil)

Rosalia de Leon (Philippines)

Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Panama, Philippines, Surinamea, Trinidad and Tobago

76,463 3.45 838,427 3.34

Nasir Mahmood Khosa (Pakistan)

Omar Bougara (Algeria)

Afghanistan, Algeria, Ghana, Iran (Islamic Republic of), Morocco, Pakistan, Tunisia

71,692 3.23 661,310 2.63

Satu-Leena Santala (Finland)

Sanita Bajare (Latvia)

Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden

71,574 3.23 1,357,511 5.40

IBRD IDA

Executive Director Alternate Casting votes of Total votes

% of total

Total votes

% of total

Patrizio Pagano (Italy)

Nuno Mota Pinto (Portugal)

Albania, Greece, Italy, Maltaa, Portugal, San Marinoa, Timor-Leste

68,972 3.11 786,300 3.12

Khalid Alkhudairy (Saudi Arabia)

Turki Dhaifallah Almutairi (Saudi Arabia)

Saudi Arabia 67,160 3.03 813,491 3.24

Jorg G. Frieden (Switzerland)

Wieslaw Szczuka (Poland)

Azerbaijan, Kazakhstan, Kyrgyz Republic, Poland, Serbia, Switzerland, Tajikistan, Turkmenistana, Uzbekistan

66,735 3.01 1,131,518 4.50

Andrei Lushin (Russian Federation)

Eugene Miagkov (Russian Federation)

Russian Federation, Syrian Arab Republic

65,665 2.96 93,923 0.37

Rionald Silaban (Indonesia)

Pornwasa Sirinupongs (Thailand)

Brunei Darussalama, Fiji, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam

61,930 2.79 730,253 2.91

Merza H. Hasan (Kuwait)

Karim Wissa (Arab Republic of Egypt)

Bahraina, Egypt (Arab Republic of), Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatara, United Arab Emirates, Yemen (Republic of)

57,261 2.58 535,410 2.13

Alejandro Foxley (Chile)

Daniel Kostzer (Argentina)

Argentina, Bolivia, Chile, Paraguay, Peru, Uruguaya

45,392 2.05 377,438 1.50

Mohamed Kayad (Djibouti)

Seydou Bouda (Burkina Faso)

Benin, Burkina Faso, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo (Democratic Republic of), Congo (Republic of), Côte d’Ivoire, Djibouti, Equatorial Guinea, Gabon, Guinea, Guinea-Bissau, Madagascar, Mali, Mauritania, Mauritius, Niger, São Tomé and Príncipe, Senegal, Togo

41,224 1.86 1,151,885 4.56

Peter Larose (Seychelles)

Andrew Bvumbe (Zimbabwe)

Botswana, Burundi, Eritrea, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibiaa, Rwanda, Seychellesa, Sierra Leone, Somalia, South Sudan, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe

39,175 1.77 1,096,169 4.37

Ana Lourenco (Angola)

Bongi Kunene (South Africa)

Angola, Nigeria, South Africa 34,494 1.55 318,664 1.27

In addition to the Executive Directors and Alternates shown in the foregoing list, the following also served after November 1, 2014:

Executive Director End of period of service Alternate End of period of service

- None - - None - Sara Aviel (United States)

February 8, 2015

Boonchai Charassangsomboon (Thailand)

April 30, 2015

Roberto B. Tan (Philippines)

January 15, 2015

a. Not a member of IDA.

FOR IMMEDIATE RELEASE

DEVELOPMENT COMMITTEE

JOINT MINISTERIAL COMMITTEE OF THE

BOARDS OF GOVERNORS OF THE BANK AND THE FUND ON THE

TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES

1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-2980 Fax: (202) 522-1618

Washington, DC October 11, 2014

1. The Development Committee met today, October 11, 2014, in Washington, D.C.

2. The global economy remains on a cautious watch and is subject to considerable downside risks. Shared prosperity will require inclusive economic growth, job creation, and a sustained multilateral effort to empower the poorest and most vulnerable. We encourage the World Bank Group (WBG) and the International Monetary Fund (IMF) to work together with member countries to implement bold policies to boost growth and to build resilience.

3. We are pleased that this year’s Global Monitoring Report (GMR) tracks, for the first time, the progress made in pursuit of the WBG’s goals of ending extreme poverty and boosting shared prosperity in a sustainable manner, while continuing to report on the status of the Millennium Development Goals (MDGs). The GMR’s coverage of inequality between the bottom 40 percent and the rest of the population, including high-income countries, provided a strong basis for our discussion of shared prosperity.

4. We welcome the discussion on promoting shared prosperity and the WBG’s role in supporting investment in human capital, improved access to markets, structural reforms, financial inclusion, infrastructure, improved tax and transfer systems, including social safety nets, and addressing climate change. We underline the importance of policies and institutions to promote an enabling environment for the development of the private sector, which is critical for investment, job creation, and inclusive and sustained economic growth. We call on the WBG to support countries to prioritize and implement tailored policies in these areas, to track results and impacts, and to build statistical capacity. We welcome the IMF’s commitment to provide support in its areas of special expertise, including the design of tax policies and fiscal reforms.

5. Inclusiveness is at the core of shared prosperity. We stress the importance of continuing the WBG’s focus on gender. We encourage the WBG to deepen gender integration across its operations and to focus more clearly on implementation and impact. We look forward to the WBG’s updated Gender Equality and Development Strategy, as well as future updates.

6. IDA countries have recorded strong growth since 2000 and have shown impressive resilience during the global economic crisis. However, a fifth of IDA countries have not recorded per capita output growth since then and are vulnerable to adverse shocks, including to natural disasters, epidemics, and economic and financial sector vulnerabilities that can quickly reverse the progress achieved. We ask that the IMF and the WBG continue to monitor economic risks and vulnerabilities.

7. We commend the WBG for its leadership and quick response to the Ebola crisis. We welcome the WBG and IMF’s rapid mobilization of emergency funding to support treatment and containment. We are encouraged by the joint effort of the international community in West Africa and underscore the importance of providing additional and ongoing coordinated support on the ground for the World Health Organization’s Ebola response Road Map. Beyond the human tragedy, economic losses in these countries are devastating. Swift and coordinated action and financial support are critical to contain and mitigate both direct and long-term economic impacts of the crisis, and build capacity to effectively deal with epidemics.

8. We call for targeted actions and support for countries in turmoil and transition in the Middle East and North Africa and in other regions. We emphasize the importance of the WBG and IMF providing adequate support to these countries. We encourage both institutions to continue to focus on immediate needs and help set the groundwork for expanded engagement when more stable circumstances allow for it.

9. Fragile and Conflict Situations need a distinctive focus and assistance adapted to their specific challenges. We call for stronger commitment to achieve concrete, measurable impact, while working to better understand the drivers of conflict. Small island states remain vulnerable to economic shocks and natural disaster risks, necessitating support adapted to their unique needs. We encourage the WBG to further promote and support increased private investment opportunities in these countries.

10. We commend the WBG for integrating climate change and disaster risk management into country planning, strategies, and financing. We ask the WBG to continue working on climate change, consistent with the United Nations Framework Convention on Climate Change, and to contribute to the success of the November Conference of the Parties in Lima, Peru.

11. Investment in infrastructure, including energy, is crucial to sustaining economic growth and ensuring shared prosperity. We encourage the WBG to continue its operational and advisory support to improve infrastructure. Funding for the Global Infrastructure Facility (GIF) is a welcome step to launch a platform that will facilitate the mobilization of private capital for infrastructure projects. We are hopeful that the GIF will soon acquire the required scale and ambition. We look forward to increased cooperation to build a pipeline of commercially, ready-to-finance viable projects. We call on the WBG and IMF to support countries to deliver efficient, reliable, affordable, and sustainable energy, including through the Sustainable Energy for All Initiative.

12. We congratulate the WBG for delivering increased lending, investment, mobilization of resources, including private sector investment, and advice this past fiscal year, while undergoing a fundamental internal change process. We expect an important shift in the way the WBG operates to deliver more efficient support to client countries, drawing on partnerships, integrated regional approaches, and knowledge sharing, including South-South cooperation, responding to client needs and reacting quickly to unexpected shocks. We will monitor the implementation of the change process and expect better

2

lending quality with increased development impact. We welcome the WBG’s reiterated commitment to diversity and inclusion, which is crucial to its institutional goals. We encourage the WBG to make progress in achieving the agreed diversity targets as quickly as possible.

13. The UN-led post-2015 Development Agenda provides an opportunity to build a model of development that is more inclusive and sustainable. We urge the WBG and the IMF to support the international efforts to reach agreement on the post-2015 development goals. We note the particular significance of the Third International Conference on Financing for Development in Addis Ababa in July 2015. We expect IDA-17 to be critical for accelerating progress on the MDGs, and the WBG, in general, for successful implementation of the new development agenda.

14. We remain committed to the completion of the 2010 WBG shareholding realignment and urge all members who are yet to subscribe to their allocated IBRD and IFC shares to do so. We remain fully committed to concluding the next shareholding review in 2015.

15. The next meeting of the Development Committee is scheduled to take place on April 18, 2015, in Washington, DC.

3

FOR IMMEDIATE RELEASE

DEVELOPMENT COMMITTEE

JOINT MINISTERIAL COMMITTEE OF THE

BOARDS OF GOVERNORS OF THE BANK AND THE FUND ON THE

TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES 1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-2980

Fax: (202) 522-1618

Washington, DC April 18, 2015

1. The Development Committee met today, April 18, in Washington, D.C.

2. The global economy is growing slightly faster than in 2014, although growth rates vary widely among

countries. We remain vigilant to the risks from potential financial market volatility, movements in exchange rates and oil and other commodity prices, and sluggish global trade. While some middle-income countries (MICs) are experiencing easing of growth, low-income countries, as a group, continue to record good growth rates. We call on the World Bank Group (WBG) and the International Monetary Fund (IMF) to support countries’ efforts to spur inclusive growth and job creation and build resilience to adverse shocks, in order to reduce poverty, and enhance shared prosperity in a sustainable manner, and protect hard-won gains in these areas.

3. In aggregate, cheaper oil and commodities will result in a significant real income shift from oil exporters to

oil importers, with a net positive effect on growth in developing countries. This creates challenges for policy makers in oil exporting countries, but also provides a favorable environment for subsidy and tax reforms for more inclusive and sustainable growth. We urge the WBG and the IMF to help countries hit hard by falling export receipts, tax revenues, or remittances, and to advise on energy pricing and the use of clean energy.

4. In this critical year, the international community will set the development vision and agenda for the next 15

years. We look forward to the Third Conference on Financing for Development in Addis Ababa in July, as one of the key steps in determining the framework for financing the Post-2015 development agenda, including the Sustainable Development Goals (SDGs). We commend the WBG, the IMF and the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, European Investment Bank and Inter-American Development Bank for their close cooperation on this agenda. We also welcome the special participation of the Secretary-General and high level officials of the United Nations, and the Heads of the Multilateral Development Banks at this Development Committee meeting. We encourage the WBG to ensure the technical robustness of the goals and targets and to strengthen countries’ data capacity, to enable development and to monitor progress towards the WBG’s goals and the SDGs.

5. The WBG’s goals of ending extreme poverty and boosting shared prosperity, set in the broader context of

social, economic and environmental sustainability, are fully in line with the SDGs. Achieving the SDGs requires a transformational vision that builds on lessons from the MDGs and combines all potential sources of financing, including more effective and catalytic use of ODA, particularly for the poorest; strengthening domestic resource mobilization, sound public financial management, and addressing the challenge of illicit

64

2

finance; promoting private finance and investment; and coordinating action on global issues. We expect the WBG and the IMF to continue to work in partnership with governments, the UN, multilateral institutions, bilateral agencies, civil society and the private sector, as well as with the new development institutions, within their respective mandates.

6. We welcome efforts to deepen local financial markets and improve the policy and regulatory environments to

address risk, and catalyze investment from traditional and non-traditional, institutional and other public and private investment sources and the development of innovative solutions to global challenges. IFC and MIGA have a distinct and critical role in engaging the private sector to implement this ambitious agenda.

7. We urge the WBG to enhance its support for sustainable infrastructure development and financing, an enabling environment to mobilize private long-term finance for commercially-viable projects, and strengthening public and private partnerships, including through the recently approved Global Infrastructure Facility (GIF).

8. IDA and IFC’s rapid response, in coordination with other partners, was critical to contain and mitigate the

Ebola outbreak and we encourage the WBG to continue to support the affected countries in the recovery. Looking ahead, we encourage the WBG to explore, in coordination with other international actors, the potential of a Pandemic Financing Facility to mobilize and leverage public and private resources, including insurance mechanisms, to help countries receive rapid funding in the face of an outbreak based on strong preparedness plans. We commend the IMF for its support to Ebola-affected countries and for creating the Catastrophe Containment and Relief Trust. We welcome the approach of the Global Financing Facility in Support of Every Woman Every Child to be launched in Addis Ababa. We also note the importance of addressing hunger and malnutrition.

9. Enhancing and accelerating gender equality is central to a comprehensive vision of sustainable development.

We look forward to the renewed gender strategy later this year and its implementation in the context of the one WBG approach.

10. Achieving the SDGs will also require countries to deal with the challenges and consequences of climate change and natural disasters. We commend the WBG commitment to mainstream low-carbon development and Disaster Risk Management while maintaining focus on its poverty eradication mandate. We encourage the WBG to further enhance its efforts and financing to contribute to the success of the 21st Conference of the Parties of the UNFCCC in Paris. We take note of the WBG and IMF work on appropriate market-based solutions and energy policy reforms.

11. We encourage the WBG to continue to implement its new strategy and complete the associated reforms,

including the Expenditure Review, in order to effectively deliver knowledge and financing to its clients. We also welcome the ongoing consultations on the proposed World Bank Environmental and Social Framework and the new Procurement Framework. We emphasize the importance of effectively implementing the new frameworks with sufficient resources, building country capacity, and protecting communities and the environment.

12. We ask the WBG to continue to monitor carefully the quality of its portfolio, to strengthen collaboration

across the Group focusing on development results, to promote South-South cooperation and to provide effective support to fragile situations, small states, and regional cooperation. We emphasize the importance of the WBG and IMF in providing significant support, where feasible, for countries in turmoil in the Middle East and North Africa and in other regions. We also urge the WBG to enhance its engagement with MICs to help them end extreme poverty and boost shared prosperity in a sustainable manner. We look forward to the exploration of different options to generate additional IDA financing capacity, while focusing on the poorest countries.

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13. We take note of the progress made by the Board so far on the 2015 Shareholding Review. We attach great importance to these regular reviews,1 in line with agreed principles. We look forward to further work by the Board on the 2015 Review and commit to its completion by the time of the Annual Meetings in October.

14. The next meeting of the Development Committee is scheduled for October 10, 2015 in Lima, Peru.

1 In 2010 Governors agreed to conduct periodic IBRD and IFC Shareholding Reviews, every five years, beginning in 2015, noting that: “In each review, the Board of Governors would review the weight of all members in the world economy; review contributions to the WBG development mission; and assess progress towards equitable voting power between developed and developing members. While reviews would take place regularly, shareholding realignment would not necessarily be required with each review, but only when shareholders, through the Board of Governors, decided that the results warranted adjustment.”(DC2010-0006, April 19, 2010)

66

Officers of the World Bank | June 30, 2015

Name Title

Jim Yong Kim President

Sri Mulyani Indrawati Managing Director and Chief Operating Officer

Bertrand Badré Managing Director and World Bank Group Chief Financial Officer

Mahmoud Mohieldin Corporate Secretary and President's Special Envoy

Kaushik Basu Chief Economist and Senior Vice President

Anne-Marie Leroy Senior Vice President and World Bank Group General Counsel

Roland K. Peters Senior Vice President, Operations

Rachel Kyte World Bank Group Vice President and Special Envoy, Climate Change

Sean McGrath Vice President, World Bank Group Human Resources

Sanjay Pradhan Vice President, Leadership, Learning, and Innovation

Cyril Muller Vice President, World Bank Group External and Corporate Relations

Keith Hansen Vice President, Global Practices and Cross-Cutting Solutions

Nena Stoiljkovic Vice President, Global Practices and Cross-Cutting Solutions

Pedro Alba Vice President, Budget, Performance Review, and Strategic Planning

Joachim von Amsberg Vice President, Development Finance

Madelyn Antoncic Vice President and Treasurer

Gonzalo Castro Chairperson, Inspection Panel

Makhtar Diop Vice President, Africa

Annette Dixon Vice President, South Asia

Jorge Familiar Calderon Vice President, Latin America and the Caribbean

Stephanie von Friedeburg World Bank Group Chief Information Officer and Vice President, Information and Technology Solutions

Hafez Ghanem Vice President, Middle East and North Africa

Caroline Heider Director-General, Independent Evaluation Group

Bernard Lauwers Vice President and World Bank Group Controller

Leonard McCarthy Vice President, Institutional Integrity

Hiroshi Naka Vice President and Auditor-General

Hartwig Schafer Vice President, Operations Policy and Country Services

Lakshmi Shyam-Sunder Vice President and World Bank Group Chief Risk Officer

Axel van Trotsenburg Vice President, East Asia and Pacific

Laura Tuck Vice President, Europe and Central Asia

Xian Zhu Vice President and World Bank Group Chief Ethics Officer

67

Keith HansenVice President

Global Practice

Cross-Cutting Solutions

Sri Mulyani IndrawatiManaging Director &

Chief Operating Officer

Bertrand BadréManaging Director

& WBG Chief

Financial Officer

Cyril MullerVice President

WBG External &

Corporate Relations

Anne-Marie LeroySr. Vice President &

WBG General Counsel

Nena StoiljkovicVice President

Global Practice

Cross-Cutting Solutions

Jorge Familiar CalderonVice President

Latin America and

Caribbean

Axel van TrotsenburgVice President


Hafez GhanemVice President

Middle East & North Africa

Laura TuckVice President


Kyle PetersSenior Vice President

Operations

Executive Directors

Board of Governors

Gonzalo CastroChairperson

Inspection Panel

Caroline HeiderDirector General

Independent Evaluation

Organizational ChartEffective March 2, 2015

*Reports to the President in her role as Special Envoy

Sanjay PradhanVice President

Leadership, Learning

& Innovation

Sean McGrathVice President

WBG Human Resources

Annette DixonVice President

South Asia

Makhtar DiopVice President

Africa

Leonard McCarthyVice President

Institutional Integrity

Hiroshi NakaVice President &

Auditor-General

Internal Audit

Xian ZhuVice President &

WBG Chief Ethics Officer

Kaushik BasuSr. Vice President &

Chief Economist

Jim Yong KimPresident

Hartwig SchaferVice President

Operations Policy and

Country Services

Mahmoud MohieldinCorporate Secretary

& President’s

Special Envoy

Rachel Kyte*Vice President &

Special Envoy

WBG Climate Change

Madelyn AntoncicVice President &

Treasurer

Treasury

Joachim von AmsbergVice President

Development Finance

Lakshmi Shyam-SunderVice President &

WBG Chief Risk Officer

Bernard LauwersVice President &

WBG Controller

WBG Finance & Accounting

Pedro Alba Vice President

Budget, Performance

Review & Strategic Planning

Stephanie von FriedeburgVice President &

WBG CIO

WBG Information and

Technology Solutions

68

Annual Remuneration Disclosure Notice

Background Effective as of fiscal 2007, the Bank Group decided to disclose the remuneration of Executive Management, Executive Directors, and staff in the annual report. The report contains the actual net salaries, annual Bank Group contribution to the pension plan, and Bank Group contribution to benefits for the President, Executive Directors, Alternate Executive Directors, and staff at Managing Director–level GK.

The annual Financial Disclosure report format was developed by a team composed of members from External and Corporate Relations; the Office of Ethics and Business Conduct; Human Resources Department of Compensation and Benefits; and Legal Institutional Administration. The report does not follow the exact Executive Compensation Disclosure requirements in the U.S. Securities and Exchange Commission (SEC) Regulations S-K, but is designed to provide a reasonable voluntary disclosure of Bank Group compensation and benefits.

The report also lists the staff salary structure with the overall average benefits at each grade level.

Calculation of Compensation and Benefits Consistent with previous years, in fiscal 2015 the following assumptions were used to determine the annual Bank Group contribution to the pension plan and other benefits:

Executive Management Remuneration

1. Annual net salary: This shows the actual annual net salary as of June 30, 2015.

2. Annual Bank Group contribution to the pension plan: This represents the Bank estimated contribution to the pension plan calculated as a percentage of salaries, as approved by the Pension Finance Committee (PFC). For fiscal 2015, the overall Staff Retirement Plan (SRP) contribution rate is 32.25 percent as provided by Treasury. The Bank Group pension contribution decreased from 34.59 percent in fiscal 2014 to 32.25 percent in fiscal 2015. SRP contribution rates are determined using an adjusted value of pension plan assets based on an averaging methodology.a

3. The estimated contribution split between gross and net plan participants is 46.41 percent for gross plan and 29.41 percent for net plan as estimated by the Bank’s Principal Actuary.

4. Thus, for Executive Management in the gross plan (Jin-Yong Cai and Roland K. Peters) the FY15 pension contribution is estimated at 46.41 percent. For the rest of management, who are in the net plan, the pension contribution is estimated at 29.41 percent.

The Annual Bank Group contribution to other benefits: This is an estimate of the Bank contribution to benefits (excluding pension, tax allowances of 11.76 percent, and separation grant of 1.93 percent for those not eligible). The historical average benefits, excluding pension, is 38 percent of salary.

Next Steps The enclosed annual disclosure report will be published as part of the Bank Annual Report and posted on the accompanying website.

a The PFC considered and approved a revised funding methodology in December 2009, which became effective for SRP valuations as of January 1, 2010, and contribution calculations as of July 1, 2010. The revised funding method is projected to further stabilize the pattern of Bank contributions, with the annual change in contribution rates expected to be approximately half that under the previous method over the longer term. The new funding policy is based on the SRP’s actuarial asset value on a smoothed average of the preceding five years; previously, the funding policy used a three-year average.

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Remuneration of Executive Management, Executive Directors, and Staff To recruit and retain highly qualified staff, the World Bank Group has developed a compensation and benefits system designed to be internationally competitive, to reward performance, and to take into account the special needs of a multinational and largely expatriate staff. The Bank Group's staff salary structure is reviewed annually by the Executive Directors and, if warranted, is adjusted on the basis of a comparison with salaries paid by private financial and industrial firms and by representative public sector agencies in the U.S. market. After analyses of updated comparator salaries, the Board approved an average increase in the salary structure of 2.7 percent for fiscal year 2015, effective July 1, 2015, for Washington-based staff. The annual salaries (net of taxes) of Executive Management of the World Bank Group were as follows as of June 30, 2015:

Executive Management: Annual salaries (net of taxes, in U.S. dollars)

Name and position Annual net

salarya

Annual WBG contribution to pension planb

Annual WBG contribution to other benefitsc

Jim Yong Kim, Presidentd 492,690 144,900 207,963

Sri Mulyani Indrawati, Managing Director 409,950 120,566 99,659

Bertrand Badré, Managing Director, Finance and CFOe 405,270 119,190 98,521

Jin-Yong Cai, Executive Vice President, IFCh 399,490 185,403 97,116

Anne-Marie Leroy, Senior VP and World Bank Group General Counsel 379,160 111,511 92,174

Kaushik Basu, Senior Vice President and Chief Economist 377,670 111,073 91,812

Mahmoud Mohieldin, Corporate Secretary and President's Special Envoy 376,990 110,873 91,646

Keiko Honda, Executive Vice President, MIGA 375,050 110,302 91,175

Roland K. Peters, Senior Vice President, Operationsf,h 368,310 170,933 96,645

Caroline Heider, Director-General 347,970 102,338 84,592

Executive Directorsg 252,720 n.a. n.a.

Alternate Executive Directorsg 218,620 n.a. n.a. a. The salaries are set on a net-of-tax basis as World Bank Group staff, other than U.S. citizens, are usually not required to pay income

taxes on their Bank Group compensation. b. Approximate annualized World Bank Group contribution made to the Staff Retirement Plan and deferred compensation plans from July 1,

2014 through June 30, 2015. c. Other benefits include annual leave, medical, life and disability insurance, accrued termination benefits, and other nonsalary benefits.

Other benefits exclude tax allowances. d. Jim Yong Kim's World Bank Group contribution to other benefits includes a supplemental allowance of $88,190 to cover expenses. As a

U.S. citizen, his salary is taxable and he receives a tax allowance to cover the estimated taxes on his Bank salary and benefits. In addition to his pension, he receives a supplemental retirement benefit equal to 5 percent of annual salary.

e. Bertrand Badré received a special skills premium for the period July 1, 2014 through September 30, 2014 in the amount of $23,688. f. Roland K. Peters' appointment to Senior Vice President was effective December 1, 2014. His actual net-of-tax salary for July 1, 2014

through June 30, 2015 was $350,485. The World Bank Group contributed approximately $162,660 to his pension and $91,967 to other benefits over the fiscal year.

g. These figures do not apply to the U.S. Executive Director and Alternate Executive Director, who are subject to U.S. congressional salary caps.

h. Pension benefits for these staff members are based on Staff Retirement Plan (SRP) provisions in effect prior to April 15, 1998.

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As of June 30, 2015, the salary structure (net of tax) and annual average net salaries and benefits for World Bank Group staff was as follows: Staff Salary Structure (Washington, DC)

Grades Representative job titles

Minimum

(U.S. dollars)

Market reference

(U.S. dollars)

Maximum

(U.S. dollars)

Staff at grade level

(percent)

Average salary/grade

(U.S. dollars)

Average benefita

(U.S. dollars)

GA Office Assistant 23,900 34,100 44,300 0.02 42,233 24,702

GB Team Assistant; Information Technician 30,100 43,000 55,900 0.5 44,269 25,893

GC Program Assistant; Information Assistant 37,200 53,100 69,000 9.5 55,934 32,716

GD Senior Program Assistant; Information Specialist; Budget Assistant 43,900 62,700 81,500 7.6 69,346 40,560

GE Analyst 58,900 84,200 109,500 10.0 79,845 46,701

GF Professional 78,300 111,900 145,500 22.4 103,520 60,549

GG Senior Professional 105,700 151,000 196,300 31.0 142,515 83,357

GH Manager; Lead Professional 144,000 205,700 267,400 16.1 200,468 117,254

GI Director; Senior Advisor 220,800 276,000 331,200 2.4 264,534 154,726

GJ Vice President 272,500 320,600 368,700 0.4 327,814 191,738

GK Managing Director; Executive Vice President 303,000 356,500 410,000 0.1 382,207 220,614

Note: Because World Bank Group staff, other than U.S. citizens, usually are not required to pay income taxes on their Bank Group compensation, the salaries are set on a net-of-tax basis. These salaries are generally equivalent to the after-tax take-home pay of the employees of the comparator organizations and firms from which Bank Group salaries are derived. Only a relatively small minority of staff will reach the upper third of the salary range. a. Includes medical, life and disability insurance; accrued termination benefits; and other nonsalary benefits. Excludes tax allowances.

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Offices of the World Bank

Washington, DC 1818 H Street N.W. Washington, D.C. 20433, U.S.A. Tel: (202) 473-1000 Fax: (202) 477-6391 E-mail: [email protected] Web: http://www.worldbank.org New York Ms. Dominique Bichara The World Bank Group 1 Dag Hammarskjold Plaza 885 2nd Avenue, 26th Floor New York, N.Y. 10017, U.S.A. Tel: (212) 317-4720 Fax: (212) 317-4733 E-mail: [email protected] * Europe Mr. Stefan Emblad The World Bank Group 66 avenue d’Iéna 75116 Paris, France Tel: (33-1) 40 69 30 57 Fax: (33-1) 40 69 30 64 E-mail: [email protected] Web: http://www.worldbank.org/europe Berlin Mr. Rainer Venghaus The World Bank Reichpietschufer 20 10785 Berlin, Germany Tel: (49-30) 7261 4254 Fax: (49-30) 7261 4255 E-mail: [email protected] Web: http://www.worldbank.org/eu Brussels Mr. Massimiliano Paolucci The World Bank Group Avenue Marnix 17 1000 Brussels, Belgium Tel: (32-2) 552 00 52 Fax: (32-2) 552 00 25 E-mail: [email protected] Web: http://www.worldbank.org/eu Geneva Ms. Selina Elizabeth Jackson The World Bank 3 chemin Louis-Dunant Post Office Box 66 1211 Geneva 20, Switzerland Tel: (41-22) 748 1000 Fax: (41-22) 748 1030 E-mail: [email protected] London Mr. Andrew J. Felton The World Bank Group 12th Floor, Millbank Tower 21-24, Millbank London SW1P 4QP, England Tel: (44-20) 7592 8400 Fax: (44-20) 7592 8420 E-mail: [email protected] Web: http://www.worldbank.org/europe Rome The World Bank Via Labicana 110 00184 Rome, Italy Tel: (39-06) 77 71 02 04 Fax: (39-06) 70 96 046 Web: http://www.worldbank.org/europe

Tokyo Mr. Yasusuke Tsukagoshi The World Bank Group, Office of the Special Representative, Japan 10th Floor, Fukoku Seimei Building 2-2-2 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011 Japan Tel: (81-3) 3597-6650 Fax: (81-3) 3597-6695 E-mail:[email protected] Web: http://www.worldbank.org/japan/jp * Afghanistan Mr. Robert J. Saum The World Bank Group Street No. 15, House No. 19 Wazir Akbar Khan Kabul, Afghanistan Tel: (93-708) 523-110 E-mail: [email protected] Web: http://www.worldbank.org/af Albania Ms. Tahseen Sayed Khan The World Bank Group Ibrahim Rugova Street, Villa No. 34 Tirana, Albania Tel: (355-4) 2280 650/51 Fax: (355-4) 2240 590 E-mail: [email protected] Web: http://www.worldbank.org.al Algeria Mr. Emmanuel Noubissie Ngankam The World Bank Group 07, Chemin Macklay Ben Aknoun Algiers, Algeria 16306 Tel: (213) 21 79 51 53 - 58 Fax: (213) 21 79 51 59 E-mail: [email protected] Web: http://www.worldbank.org/dz Angola Ms. Clara Ana Coutinho De Sousa Banco Mundial Largo Albano Machado N° 23/25, Maculusso Luanda, Republica de Angola (postal address: Caixa Postal 1331) Tel: (244-222) 394-677 Fax: (244-222) 394-784 E-mail: [email protected] Web: http://www.worldbank.org/ao * Argentina Mr. Jesko S. Hentschel The World Bank Group Bouchard 547, 28 & 29 Floors C1106ABG Buenos Aires, Argentina Tel: (54-11) 4316-9700 / 4316-0600 Fax: (54-11) 4313-1233 E-mail: [email protected] Web: http://bancomundial.org.ar Armenia Ms. Laura Bailey The World Bank Group 9 Grigor Lousavorich Street, 6th floor Yerevan 0015, Armenia Tel: (374-10) 520 992 Fax: (374-10) 521 787 E-mail: [email protected] Web: http://www.worldbank.org/am

* Australia Mr. Franz R. Drees-Gross The World Bank Group Level 19, 14 Martin Place Sydney NSW 2000, Australia Tel: (61-2) 9235-6514 Fax: (61-2) 9235-6593 E-mail: [email protected] Web: http://www.worldbank.org/eap * Austria Ms. Ellen A. Goldstein Country Director and Regional Coordinator for Southeast Europe The World Bank Group 31 Praterstrasse, 21st floor 1020 Vienna, Austria Tel: (43-1) 217- 0700 Fax: (43-1) 217-0701 E-mail: [email protected] Web: http://www.worldbank.org/cfrr Azerbaijan Ms. Larisa Leshchenko The World Bank Group 90A Nizami Street The Landmark III, 5th Floor Baku, AZ1010, Azerbaijan Tel.: (994-12) 492 1941 Fax: (994-12) 492 6873 E-mail: [email protected] Web: http://www.worldbank.org.az * Bangladesh Mr. Johannes C.M. Zutt The World Bank Plot E-32, Agargaon Sher-e-Bangla Nagar Dhaka 1207, Bangladesh (postal address: G.P.O. Box 97) Tel: (880-2) 5566-7777 Fax: (880-2) 5566-7778 E-mail: [email protected] Web: http://www.worldbank.org.bd Belarus Mr. Young Chul Kim The World Bank 2A Gertsen Street, 2nd Floor Minsk, 220030, Republic of Belarus Tel: (375-17) 359-1950 Fax: (375-17) 3559-1962 E-mail: [email protected] Web: http://www.worldbank.org.by * Belgium Mr. Christian Bodewig Europe and Central Asia Unit The World Bank Group Avenue Marnix 17 1000 Brussels, Belgium Tel: (32-2) 504 09 94 Fax: (32-2) 504 09 99 E-mail: [email protected] Web: http://www.worldbank.org/eca Belgium Mr. Massimiliano Paolucci Special Representative to the European Union Institutions The World Bank Group Avenue Marnix 17 1000 Brussels, Belgium Tel: (32-2) 552 00 52 Fax: (32-2) 552 00 25 E-mail: [email protected] Web: http://www.worldbank.org/eu

_________________________________________ Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA) offices. Updated as of September 11, 2015.

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Benin Ms. Katrina M. Sharkey Banque Mondiale Route de l'Aeroport Avenue Jean-Paul II Face Hotel Marina ex-Sheraton Cotonou, Bénin (postal address: 03 B.P. 2112) Tel: (229) 21 30 58 57 Fax: (229) 21 30 17 44 E-mail: [email protected] Web: http://www.worldbank.org/bj Bhutan Ms. Genevieve F. Boyreau The World Bank Group Bhutan Development Bank Ltd Building Norzin Lam Chubachu P.O. Box 244 Thimphu, Bhutan Tel: (975) 77 182 111 Fax: (975) 77 182 113 E-mail: [email protected] Bolivia Mr. Nicola Pontara The World Bank Group Edificio Victor (WB) Piso 9/ (IFC) Piso 8 Calle Fernando Guachalla #342 – Sopocachi La Paz, Bolivia (postal address: Casilla 8692) Tel: (591-2) 261-3300 Fax: (591-2) 261-3305 E-mail: [email protected] Web: http://www.worldbank.org/bo Bosnia and Herzegovina Ms. Tatiana A. Proskuryakova The World Bank UNITIC Tower B Fra Andjela Zvizdovica 1 71000 Sarajevo Bosnia and Herzegovina Tel: (387-33) 251 500 Fax: (387-33) 226 945 E-mail: [email protected] Web: http://www.worldbank.org.ba/ Botswana Ms. Elene Imnadze The World Bank Time Square Plot 134 Independence Avenue Gaborone, Botswana Tel: (267) 310 5465 Fax: (267) 310 5456 E-mail: [email protected] (Postal address: P.O. Box 20976) * Brazil Ms. Deborah L. Wetzel Banco Mundial Setor Comercial Norte Quadra 02 Lote A – Edificio Corporate Financial Center 7o Andar Brasilia, DF 70712-900, Brasil Tel: (55-61) 3329-1000 Fax: (55-61) 3329-1010 E-mail: [email protected] Web: http://www.worldbank.org/br

Bulgaria Mr. Antony Thompson The World Bank Group World Trade Center - Interpred 36 Dragan Tsankov Blvd. Block A, 5th Floor 1057 Sofia, Bulgaria Tel: (359-2) 969 72 29 Fax: (359-2) 971 20 45 E-mail: [email protected] Web: http://www.worldbank.bg/ Burkina Faso Ms. Mercy Miyan Tembon The World Bank Group 179, Avenue du Président Saye Zerbo Zone de Ambassades, Koulouba Ouagadougou 01, Burkina Faso (postal address: BP 622) Tel: (226) 5049 6300 Fax: (226) 5049 6364 E-mail: [email protected] Web: http://www.worldbank.org/bf Burundi Mr. Rachidi B. Radji Banque Mondiale Avenue de l’Aviation, Rohero 1 Bujumbura, Burundi (postal address: B.P. 2637) Tel: (257) 2222 6200, 2222 2443, 2224 5111 Fax: (257) 2222 6005, 2220 6286 E-mail: [email protected] Web: http://www.worldbank.org/bi Cambodia Mr. Alassane Sow The World Bank 113 Norodom Boulevard Phnom Penh, Cambodia Tel: (855-23) 861300 Fax: 861 301, 861 302 E-mail: [email protected] Web: http//www.worldbank.org/kh * Cameroon Ms. Elisabeth Huybens Banque Mondiale rue 1. 792, No. 186 Yaoundé, Cameroon (postal address: B.P. 1128) Tel: (237) 22 20 38 15 Fax: (237) 22 21 07 22 E-mail: [email protected] Web: http://www.worldbank.org/cm Central African Republic Mr. Jean-Christophe Carret The World Bank Group Rue des Missions Bangui, République Centrafricaine (postal address: B.P. 819) Tel: (236) 21 61 61 38 Fax: (236) 21 61 60 87 E-mail: [email protected] Web: http://www.worldbank.org/cf

Chad Mr. Adama Coulibaly The World Bank Group Avenue Charles de Gaulle et Avenue Mahamat Ali Younousmi Jackson Quartier Bololo N’Djamena, Chad (postal address: B.P. 146) Tel: (235) 2252-3247, 2252-3360 Fax: (235) 2252-4484, 2252-5110 E-mail: [email protected] Web: http://www.worldbank.org/td Chile Mr. Javier Zuleta The World Bank Group Dag Hammarskjod 3241 Vitacura, Santiago Chile E-mail: [email protected] Tel: (562) 654-1065 Fax: (562) 654-1099 * China Mr. Bert Hofman The World Bank Group 16th Floor, China World Office 2 No. 1 Jian Guo Men Wai Avenue Beijing, 100004 People's Republic of China Tel: (86-10) 5861-7600 Fax: (86-10) 5861-7800 E-mail: [email protected] Web: http://www.worldbank.org/china Colombia Mr. Issam A. Abousleiman The World Bank Group Carrera 7 No.71-21 Torre A, piso 16 (WB) or Piso 14 (IFC) Apartado 10229 Bogota, Colombia Tel: (57-1) 326-3600 Fax: (57-1) 326-3480 E-mail: [email protected] Web: http://www.worldbank.org/co Web: http://bancomundial.org/co * Congo, Democratic Republic of the Mr. Ahmadou Moustapha Ndiaye The World Bank Group Boulevard: Tshatshi, no. 49 Kinshasa-Gombe Democratic Republic of the Congo Tel: (243) 9999 49015 E-mail: [email protected] Web: http://www.worldbank.org/cd Congo, Republic of Mr. Djibrilla Adamou Issa The World Bank Immeuble BDEAC, 2ème étage Boulevard Denis Sassou Nguesso P.O. Box 14536 Brazzaville, Republic of Congo Tel: (242) 22281 33 30, 22281 46 38 Fax: (242) 22281 53 16 E-mail: [email protected] Web: http://www.worldbank.org/cg









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* Côte d’Ivoire Mr. Ousmane Diagana The World Bank Group Cocody - Angle des rues Booker Washington and Jacques Aka Abidjan, Côte d'Ivoire (postal address: B.P. 1850) Tel: (225) 22 40 04 00 Fax: (225) 22 40 04 61 E-mail: [email protected] Web: http://www.worldbank.org/ci Croatia Mr. Carlos Pinerua The World Bank Group Radnička cesta 80/IX 10000 Zagreb, Croatia Tel: (385-1) 2357-222 Fax: (385-1) 2357-200 E-mail: [email protected] Web: http://www.worldbank.hr/ Dominican Republic Mr. McDonald P. Benjamin The World Bank Group Novocentro – Piso 10 Av. Lope de Vega No. 29 Santo Domingo, República Dominicana Tel: (809) 872-7300 Fax: (809) 872-7307 E-mail: [email protected] Web: http://www.bancomundial.org.do Djibouti, Republic of Mrs. Homa-Zahra Fotouhi The World Bank Group Lot 155, Extension Heron Djibouti, Republic of Djibouti (postal address: P.O. Box 1612) Tel: (253) 21 35 10 90 Fax: (253) 21 35 90 30 Mobile (253) 77 78 66 84 E-mail: [email protected] Ecuador Mrs. Indu John-Abraham Banco Mundial Calle 12 de Octubre 1830 y Cordero World Trade Center Torre B, Piso 13 Quito, Ecuador Tel: (593-2) 294-3600 Fax: (593-2) 294-3601 E-mail: [email protected] Web: http://www.worldbank.org/ec * Egypt, Arab Republic of Mr. Asad Alam The World Bank World Trade Center 1191 Corniche El-Nil, 15th Floor, Boulaq Cairo 11221, Arab Republic of Egypt Tel: (20-2) 2574 1670 Fax: (20-2) 2574 1676 E-mail: [email protected] Web: http://www.worldbank.org/eg

El Salvador Mr. Fabrizio Zarcone The World Bank Group Calle El Mirador Edificio Torre Futura Nivel 9, Locales 904 & 905 Colonia Escalón, San Salvador, El Salvador Tel: (503) 2526-5900 Fax: (503) 2526-5936 E-mail: [email protected] Web: http://www.worldbank.org/sv Ethiopia The World Bank Group Africa Avenue (Bole Road) Wollo Sefer on the bridge across from the old Karamara/ adjacent to Civil Service Ministry Kirkos Sub-City Addis Ababa Ethiopia (postal address: P.O. Box 5515) Tel: (251-11) 517 60 00 Fax: (251-11) 662 77 17 Web: http://www.worldbank.org/et France, Marseille Mr. Mourad Ezzine The World Bank Center for Mediterranean Integration (CMI) Villa Valmer 271 Corniche Kennedy 13007 Marseille, France Tel: (33-4) 91 99 24 51 Fax: (33-4) 91 99 24 79 E-mail: [email protected] Web: http://www.cmimarseille.org Gabon Ms. Sylvie Dossou Banque Mondiale Quartier: Derrière le Palais de Justice P.O. Box 4027 Libreville, Gabon Tel: (241) 73 81 68 /71 /72 Fax: (241) 73 81 69 E-mail: [email protected] Web: http://www.worldbank.org/ga Gambia, The Ms. Yassin Saine Njie The World Bank, Liaison Office UN House, 5 Koffi Annan Street Cape Point Bakau Kanifing Municipal Council (KMC) The Gambia Tel: (220) 449-8089 / 449-8090 Fax: (220) 449-7936 E-mail: [email protected] Web: http://www.worldbank.org/en/country/gambia Georgia The World Bank Group 5A, (WB) / 5B, (IFC) Nino Ramishvili Street Tbilisi, 0179 Georgia Tel: (995-32) 291 3096 Fax: (995-32) 291 3478 Web: http://www.worldbank.org/eca

* Ghana Mr. Henri G.R. Kerali The World Bank Group Independence Avenue Plot # 3, Ridge Accra, Ghana (postal address: P.O. Box M. 27) Tel: (233-302) 229681 / 220837 Fax: (233-302) 227887 E-mail: [email protected] Web: http://www.worldbank.org/gh Guatemala Mr. Oscar Avalle The World Bank Group 13 Calle 3-40 Zona 10, Edificio Atlantis, Piso 14 Guatemala City, Guatemala Tel: (502) 2329-8000 Fax: (502) 2329-8099 E-mail: [email protected] Web: http://www.worldbank.org/gt Guinea Mr. Cheick Fantamady Kante The World Bank Group Immeuble de l’Archevêché Face Baie des Anges Conakry, Guinée (postal address: B.P. 1420) Tel: (224) 669 88 88 10/622 66 27 66 Fax: (224) 666 33 84 11 E-mail: [email protected] Web: http://www.worldbank.org/gn Guinea-Bissau Ms. Carmen Maria Pereira The World Bank, Liaison Office Avenida Francisco Mendes, C.P. 214 Bissau Codex 1124 Bissau, Guinea-Bissau Tel: (245) 670 7615 E-mail: [email protected] Web: http://www.worldbank.org/en/country/guineabissau Guyana The World Bank 87 Carmichael Street South Cummingsburg Georgetown, Guyana Tel: (592) 223 5036 Fax: (592) 225 1384 Web: http://www.worldbank.org/gy Haiti Ms. Mary A. Barton-Dock Banque Mondiale 7, rue Ogé Pétion-Ville, Haiti Tel: (509) 3798-0880 / 3798-0817 / 3798-0972 E-mail: [email protected] Web: http://www.worldbank.org/ht Honduras Mr. Giorgio Valentini The World Bank Group Edificio Corporativo 777, 9th Floor Colonia Lomas del Guijarro Sur Tegucigalpa, Honduras Tel: (504) 2264-0200 Fax: (504) 2239-4555 E-mail: [email protected] Web: http://www.worldbank.org/hn




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* India Mr. Onno Ruhl The World Bank 70 Lodi Estate New Delhi 110 003, India (postal address: P.O. Box 416, New Delhi 110 001) Tel: (91-11) 414 79301, 414 79302 E-mail: [email protected] Web: http://www.worldbank.org.in/ India, Chennai Mr. Sunil Kumar (Center Manager, WFACO) Mr. Manoj P. Aprambath (Manager, ITS) The World Bank Chennai – Shared Services Center 11, Taramani Main Road Taramani, Chennai - 600113 India Tel: (91-44) 2254 1001 Fax: (91-44) 2254 1019 * Indonesia Mr. Rodrigo A. Chaves The World Bank Group Indonesia Stock Exchange Building Tower 2, 12th Floor (WB) and 9th Floor (IFC) Sudirman Central Business District (SCBD) Jl. Jendral Sudirman Kav. 52-53 Jakarta 12190, Indonesia (postal address: P.O. Box 1324/JKT) Tel: (62-21) 5299-3000 Fax: (62-21) 5299-3111 E-mail: [email protected] Web: http://www.worldbank.org/id Iraq Mr. Robert Bou Jaoude The World Bank British Embassy Premises Baghdad, Iraq (postal Address: Mailstop BGWWB 1818 H Street N.W. Washington DC, USA) Tel: + 964-7901-833354 E-mail: [email protected] Web: http://www.worldbank.org/iq Jamaica Ms. Kathy Lalazarian The World Bank Group Courtleigh Corporate Centre, 3rd Floor 6 St. Lucia Avenue Kingston 5, Jamaica Tel: (876) 960-0459 Fax: (876) 960-0463 E-mail: [email protected] Web: http://www.worldbank.org/jm * Kazakhstan Mr. Saroj Kumar Jha The World Bank Group Central Asia Regional Office 41/A Kazybek bi Street, 4th Floor 050010 Almaty, Republic of Kazakhstan Tel: (7-727) 377 - 8220 Fax: (7-727) 377 - 8276 E-mail: [email protected] Kazakhstan, Astana Ms. Ludmilla Butenko The World Bank Astana Office 12 Samal Microdistrict, 14th Floor 010000 Astana, Republic of Kazakhstan Tel: (7-7172) 691-440 Fax: (7-7172) 580 –342 E-mail: [email protected]

* Kenya Ms. Diarietou Gaye The World Bank Hill Park Building Upper Hill Road Nairobi, Kenya (postal address: P.O. Box 30577-00100) Tel: (254-20) 322 6000 / 322 6442 Fax: (254-20) 322 6382 E-mail: [email protected] Web: http://www.worldbank.org/ke Kiribati The World Bank - ADB Liaison Office c/- KAP Office Bairiki, Tarawa, Kiribati (postal address: P.O. Box 13) Tel: (686) 22040 / 22041 Web: http://www.worldbank.org/pi Korea Ms. Joyce Msuya The World Bank 37F, POSCO E&C Tower 2, 241, Incheon tower-daero Yeonsu-gu, Incheon, Korea 406840 Tel: (82)-32-713-7000 Fax: (82) -32-713-7040. E-mail: [email protected] Web: http://www.worldbank.org/korea Kosovo Mr. Jan-Peter Olters The World Bank Rruga Prishtinë-Fushë Kosovë 10060 Pristina Republic of Kosovo Tel: (381-38) 224 454 Fax: (381-38) 224 452 E-mail: [email protected] Web: http://www.worldbank.org/kosovo Kuwait Mr. Firas Raad The World Bank Group 10th Commercial Area, Block 10 Sahat Al-Safat Street Baitak Tower, floor 28 Kuwait City, Kuwait (postal address: P.O. Box 1015, Safat 13010) Tel: (965) 2291 3500/2/3 Fax: (965) 2291 3520 E-mail: [email protected] Web: http://www.worldbank.org/mna Kyrgyz Republic Mr. Jean-Michel Happi The World Bank Group 214, Moskovskaya Str., Bishkek 720010, Kyrgyz Republic Tel: (996-312) 62 52 62 Fax: (996-312) 62 53 62 E-mail: [email protected] Web: http://www.worldbank.org.kg Lao People’s Democratic Republic Ms. Sally L. Burningham The World Bank Patouxay - Nehru Road (P.O. Box 345 code 01004) Vientiane, Lao PDR Tel: (856-21) 266200 Fax: (856-21) 266299 E-mail: [email protected] Web: http://www.worldbank.org/lao

* Lebanon Mr. Ferid Belhaj The World Bank Group Bourie House 119 Abdallah Bayhum Street Marffaa, Solidere P.O. Box 11-8577 Beirut, Lebanon Tel: (961-1) 987 800 Fax: (961-1) 986 800 E-mail: [email protected] Web: http://www.worldbank.org/lb Lesotho Ms. Janet K. Entwistle (Eff. 10/1/2015) The World Bank Liaison Office UN House 13 United Nations Road Maseru, Lesotho (postal address: P.O Box 015, Maseru West 105) Tel: (266) 22 21 7000 Fax: (266) 22 21 7034/5 E-mail: [email protected] Web: http://www.worldbank.org/ls Liberia Ms. Inguna Dobraja The World Bank Group German Embassy Compound Oldest Congo Town Monrovia, Liberia Tel: (231-886) 606-967 / 48 E-mail: [email protected] Web: http://www.worldbank.org/lr Macedonia, FYR The World Bank 34 Aminta Treti Street 1000 Skopje, FYR Macedonia Tel: (389-2) 3117-159 Fax: (389-2) 5515 240 Web: http://www.worldbank.org.mk/ Madagascar Ms. Coralie Gevers The World Bank Group Rue Andriamifidy L. Razafimanantsoa Anosy (près du Ministère des Affaires Etrangères) Antananarivo 101, Madagascar (postal address: B. P. 4140) Tel: (261-20) 225 6000 Fax: (261-20) 223 3338 E-mail: [email protected] Web: http://www.worldbank.org/madagascar Malawi Ms. Laura Kullenberg The World Bank Mulanje House Plot 13/57 Off Presidential Way City Centre Lilongwe 3, Malawi (postal address: P.O. Box 30557) Tel: (265-1) 770 611 Fax: (265-1) 771 158 / 773 908 E-mail: [email protected] Web: http://www.worldbank.org/mw




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Maldives Ms. Francoise Clottes (Sri Lanka) The World Bank 4th Floor, Majeedhee Building Boduthakurufaanu Magu Male', Republic of Maldives Tel: (960) 334 1910 Fax: (960) 334 1911 E-Mail: [email protected] Web: http://www.worldbank.org/maldives * Mali Mr. Paul Noumba Um Banque Mondiale Immeuble Waly Diawara, Hamdallaye ACI – 2000 Avenue du Mali En Face du Gouvernorat du District Bamako, Mali (postal address: B. P. 1864) Tel: (223) 20 22 22 83 Fax: (223) 20 22 66 82 E-mail: [email protected] Web: http://www.worldbank.org/ml Mauritania Mr. Gaston Sorgho Banque Mondiale Lot N.02 F Nord Liaison Ksar Nouakchott, Mauritanie (Postal address : B. P. 667) Tel: (222) 45 25 10 17/45 20 33 00 Fax: (222) 45 25 13 34 E-mail: [email protected] Web: http://www.worldbank.org/mauritania Mauritius Ms. Coralie Gevers (Madagascar) The World Bank Liaison Office 3rd Floor Médine Mews Chaussée Street Port-Louis, Mauritius Tel: (230) 203 2500 Fax: (230) 208 0502 E-mail: [email protected] Web: http://www.worldbank.org/mauritius * Mexico Mr. Gerardo M. Corrochano Banco Mundial Insurgentes Sur 1605, Piso 24 San Jose Insurgentes 03900 Mexico, D. F., Mexico Tel: (52-55) 5480-4200 Fax: (52-55) 5480-4222 E-mail: [email protected] Web: http://www.worldbank.org/mx Moldova Mr. Alexander Kremer The World Bank 20/1, Pushkin St. MD-2012 Chisinau, Republic of Moldova Tel: (373-22) 262 262 Fax: (373-22) 262 236 E-mail: [email protected] Web: http://www.worldbank.org/md

Mongolia Mr. James Anderson The World Bank Group MCS Plaza Building (WB 5th Floor/IFC 4th Floor) 4 Seoul Street 14250 Ulaanbaatar, Mongolia Tel: (976) 7007-8200 Fax: (976) 7007-8215 E-mail: [email protected] Web: http://www.worldbank.org/mn Montenegro Ms. Tatiana A. Proskuryakova The World Bank Bulevar Svetog Petra Cetinjskog 6 81000 Podgorica Montenegro Tel: (382-20) 665 353 Fax: (387-33) 403 295 E-mail: [email protected] Web: http://www.worldbank.org.me/ * Morocco Ms. Marie Francoise Marie-Nelly The World Bank Group 7, rue Larbi Ben Abdellah Rabat-Souissi, Morocco Tel: (212-537) 63.60.50 Fax: (212-537) 63.60.51 E-mail: [email protected] Web: http://www.worldbank.org/ma * Mozambique Mr. Mark R. Lundell The World Bank Group Avenue Kenneth Kaunda, 1224 Maputo, Mozambique (postal address: Caixa Postal 4053) Tel: (258-21) 482 300 Fax: (258-21) 492 893 E-mail: [email protected] Web: http://www.worldbank.org/mz Myanmar Mr. Abdoulaye Seck The World Bank Group No.57, Pyay Road, Corner of Shwe Hinthar Street 6 ½ miles, Hlaing Township Yangon, Myanmar Tel: (95-1) 654-824 Fax: (95-1) 654-825 E-mail: [email protected] Web: http://www.worldbank.org/myanmar Nepal Mr. Takuya Kamata The World Bank Group Yak & Yeti Hotel Complex Durbar Marg Kathmandu, Nepal (postal address: P.O. Box 798) Tel: (977-1) 4236000 Fax: (977-1) 4225112 E-mail: [email protected] Web: http://www.worldbank.org/np

Nicaragua Mr. Luis F. Constantino The World Bank Group Plaza Santo Domingo Kilómetro 6.5 Carretera a Masaya Edificio Cobirsa, Quinto Piso Managua, Nicaragua Tel: (505) 2270-0000 Fax: (505) 2270-0077 E-mail: [email protected] Web: http://www.worldbank.org/ni Niger Mr. Siaka Bakayoko Banque Mondiale 187, rue des Dallols B. P. 12402 Niamey, Niger Tel: (227) 20 72 75 04 Fax: (227) 20 72 55 06 E-mail: [email protected] Web: http://www.worldbank.org/ne Nigeria The World Bank 102, Yakubu Gowon Crescent Opposite ECOWAS Secretariat Asokoro District Abuja, Nigeria (postal address: P.O. Box 2826, Garki) Tel: (234) 8058205408; 8058205422 Tel : (234) 7035830641-44; 7089996090-1 Fax: (234-9) 314-5267 Web: http://www.worldbank.org/ng * Pakistan Mr. Rachid Benmessaoud The World Bank Group 20 A Shahrah-e-Jamhuriyat Sector G-5/1, Islamabad, Pakistan (WB postal address: P.O. Box 1025) (IFC postal address: Post Bag 3033) Tel: (92-51) 227 9641-6 Fax: (92-51) 227 9648 / 9 E-mail: [email protected] Web: http://www.worldbank.org.pk Panama Ms. Anabela Abreu The World Bank Avenida Aquilino De La Guardia y calle 47 Marbella Edificio Ocean Business Plaza Piso 21, Oficina 2111 Panamá City, Panamá Tel: (507) 831-2000 Fax: (507) 831-2011 E-mail: [email protected] Web: http://www.worldbank.org/panama Papua New Guinea Ms. Stefanie Stallmeister The World Bank Group Level 13, Deloitte Tower Port Moresby, National Capital District Papua New Guinea (postal address: P.O. Box 1877) Tel: (675) 321-7111 Fax: (675) 321-7730 E-mail: [email protected] Web: http://www.worldbank.org/pg



http://www.worldbank.org/maldives


http://www.worldbank.org/mn

http://www.worldbank.org/ma




Paraguay Mr. Dante Mossi Banco Mundial Av. España 2028 c/ Av. Brasilia 5o. Piso Edificio Urano Asunción, Paraguay Tel: (595-21) 218-1000 Fax: (595-21) 218-1229 E-mail: [email protected] Web: http://www.worldbank.org/py * Peru Mr. Alberto Rodriguez The World Bank Group Av. Alvarez Calderón 185, Piso 7 San Isidro Lima 27, Peru Tel: (511) 622-2300 Fax: (511) 421-7241 E-mail: [email protected] Web: http://www.worldbank.org/pe * Philippines Mr. Motoo Konishi The World Bank Group 26th Floor, One Global Place 5th Avenue corner 25th Street Bonifacio Global City Taguig City, Philippines Tel: (63-2) 465-2500 Fax: (63-2) 465-2505 E-mail: [email protected] Web: http://www.worldbank.org.ph Poland Ms. Marina Wes The World Bank Group 53, Emilii Plater St. Warsaw Financial Center, 9th Floor 00-113 Warsaw, Poland Tel: (48-22) 520 8000 Fax: (48-22) 520 8001 E-mail: [email protected] Web: http:/www.worldbank.org.pl/ Romania Ms. Elisabetta Capannelli The World Bank Group UTI Building, 6th floor 31 Vasile Lascar Street, Sector 2 Bucharest, Romania 020492 Tel: (40-21) 201-0311 Fax: (40-21) 201-0338 E-mail: [email protected] Web: http://www.worldbank.org.ro/ * Russian Federation Mr. Andras Horvai (effective 9/4/2015) The World Bank Group 36/1 Bolshaya Molchanovka st. 121069 Moscow, Russia Tel: (7-495) 745-70-00 Fax: (7-495) 745-70-02 E-mail: [email protected] Web: http://www.worldbank.org.ru/ Rwanda Ms. Carolyn Turk The World Bank Group Blvd. de la Révolution SORAS Building Kigali, Rwanda (postal address: P.O. Box 609) Tel: (250) 252 591 300 Fax: (250) 252 591 385 E-mail: [email protected] Web: http://www.worldbank.org/rw

Samoa Ms. Maeva Betham-Va’ai The World Bank Group - ADB Liaison Office Level 6, Central Bank Building Beach Road Apia, Samoa (postal address: PO Box 3999) Tel: (685) 24492 / 34340 Fax: (685) 24228 E-mail: [email protected] Web: http://www.worldbank.org/pi * Saudi Arabia Mr. Nadir Mohammed The World Bank Group 1st Floor, UNDP Building, Diplomatic Quarter Riyadh, Saudi Arabia (postal address: P.O. Box 5900, Riyadh 11432, Saudi Arabia) Tel: (966-1) 483-4956 Fax: (966-1) 488-5311 E-mail: [email protected] Web: http://www.worldbank.org/sa * Senegal Ms. Louise J. Cord Banque Mondiale Corniche Ouest X, David Diop Dakar, Sénégal (postal address: B. P. 3296) Tel: (221) 33-859-4100 Fax: (221) 33-859-4283 E-mail: [email protected] Web: http://www.worldbank.org/senegal Serbia, Republic of Mr. Antonius Verheijen The World Bank Group Bulevar Kralja Aleksandra 86-90 11000 Belgrade, Republic of Serbia Tel: (381-11) 3023-700 Fax: (381-11) 3023-732 E-mail: [email protected] Web: http://www.worldbank.rs/ Sierra Leone Mr. Francis Ato Brown The World Bank Group Africanus House 13A Howe Street Freetown, Sierra Leone Tel: (232-22) 227555 Tel: (232-76) 806467, 806468 Fax: (232-22) 228555 E-mail: [email protected] Web: http://www.worldbank.org/sl * Singapore Mr. Jordan Z. Schwartz The World Bank Group Marina Bay Financial Centre, Tower 2, #34-02 10 Marina Boulevard Singapore 018983 Tel: (65) 6517-1240 Fax: (65) 6517 1244 E-mail: [email protected] Web: http://www.worldbank.org/sg

Solomon Islands Ms. Anne Tully The World Bank Group Mud Alley Honiara, Solomon Islands (postal address: GPO Box 1744) Tel: (677) 21444 Fax: (677) 21448 E-mail: [email protected] Web: http://www.worldbank.org/pi * South Africa, Pretoria Mr. Guang Zhe Chen The World Bank 442 Rodericks Road Corner Lynnwood and Rodericks Roads, 0081 Pretoria, South Africa (postal address: P.O. Box 12629, Hatfield 0028, Pretoria) Tel: (27-12) 742 3100 Fax: (27-12) 742 3134 E-mail: [email protected] Web: http://www.worldbank.org/za South Sudan, Juba Mr. Xavier Furtado The World Bank Group Ministries Complex Kololo Road, Adjacent to Ministry of Health Juba, South Sudan Tel: (211) 959 002 666/667/668 E-mail: [email protected] Web: ttp://www.worldbank.org/en/country/southsudan * Sri Lanka Ms. Francoise Clottes The World Bank 1st Floor, DFCC Building 73/5, Galle Road Colombo 3, Sri Lanka (postal address: P.O. Box 1761) Tel: (94-11) 2448070/1 Fax: (94-11) 2440357 E-mail: [email protected] Web: http://www.worldbank.org/srilanka Sudan, Khartoum Mr. Xavier Furtado The World Bank Plot 39, Street 39 Khartoum East (II) Khartoum, Sudan (postal address: P.O. 229, 11111) Tel: (249) 156 553 000 Fax: (249)156 553 064 E-mail: [email protected]: http://www.worldbank.org/sd Tajikistan Ms. Patricia Veevers-Carter The World Bank Group 48, Ayni Str. Business Center "Sozidanie", block A, 3-rd Floor 734024, Dushanbe, Tajikistan Tel: (992-48) 701 58 00/10 Fax: (992-48) 701 58 37 E-mail: [email protected] Web: http://www.worldbank.org/tj









* Tanzania Ms. Bella Bird The World Bank 50 Mirambo Street Dar-es-Salaam, Tanzania (postal address: P.O. Box 2054) Tel: (255-22) 2163200 Fax: (255-22) 2113039, 2163295 E-mail: [email protected] Web: http://www.worldbank.org/tz * Thailand Mr. Ulrich Zachau The World Bank Group 30th Floor, Siam Tower 989 Rama 1 Road, Pathumwan Bangkok 10330, Thailand Tel: (66-2) 686-8300 Fax: (66-2) 686-8301 E-mail: [email protected] Web: http://www.worldbank.or.th Timor-Leste Ms. Bolormaa Amgaabazar The World Bank Group Avenida Dos Direitos Humanos Dili, Timor-Leste Tel: (670) 332-4649 / 332-4648 Fax: (670) 332-1178 E-mail: [email protected] Web: http://www.worldbank.org/tl Togo Ms. Joelle Dehasse Businger Banque Mondiale Cité de l'OUA (entre la Résidence Ambassadeur du Ghana et la Primature) Lomé, Togo (postal address: Boite Postale 3915) Tel: 22 53 33 00 Fax: 22 26 78 56 E-mail: [email protected] Web: http://www.worldbank.org/tg Tonga The World Bank – ADB Liaison Office TBD Building Floor 1 Nuku'alofa, Tonga (postal address: P.O. Box 87) Tel: (676) 28 290 Fax: (676) 28 735 Web: http://www.worldbank.org/pi Tunisia Ms. Eileen Murray Bureau de la Banque mondiale Immeuble Zahrabed -- BAD Jardins du Lac - Tunis BP 323 1002 Tunis Belvédère Tunisia Tel: (216-71) 19 44 68 Fax: (216-71) 19 44 75 E-mail: [email protected] Web: http://www.worldbank.org/tn * Turkey Mr. Martin Raiser The World Bank Ugur Mumcu Caddesi No.88, Kat: 2 06700 Gaziosmanpasa Ankara, Turkey Tel: (90-312) 459 83 00 Fax: (90-312) 446 24 42 E-mail: [email protected] Web: http://www.worldbank.org.tr/

Turkmenistan Mr. Serdar Jepbarov The World Bank Liaison Office Yimpash Business Center, Office 803, Turkmenbashi Avenue, 54 Ashgabat 744000, Turkmenistan Tel: (993-12) 45 14 75 E-mail: [email protected] Web: http://www.worldbank.org/tm Uganda Ms. Christina Malmberg Calvo The World Bank Group Plot 1, Lumumba Avenue Rwenzori House, 4th Floor Kampala, Uganda (postal address: P.O. Box 4463) Tel: (256-414) 230-094 Tel: (256-312) 221-416 / 7 Fax: (256-414) 230-092 E-mail: [email protected] Web: http://www.worldbank.org/ug * Ukraine Mr. Qimiao Fan The World Bank 1, Dniprovsky Uzviz Kyiv 01010, Ukraine Tel: (380-44) 490 6671 Fax: (380-44) 490 6670 E-mail: Qfan @worldbank.org Web: http://www.worldbank.org.ua/ Uruguay Ms. Ruxandra Burdescu The World Bank Buenos Aires 570, 3rd Floor CP11000 Montevideo, Uruguay Tel: (598) 2916-9400 Fax: (598) 2916-9400 ext. 3701 E-mail: [email protected] Web: http://www.worldbank.org/uy Uzbekistan Mr. Junghun Cho The World Bank Group International Business Center, 15th floor 107 B, Amir Timur Street Tashkent 100084, Uzbekistan Tel: (998-71) 120 2400 Fax: (998-71) 120 2401/02 E-mail: [email protected] Web: http://www.worldbank.org.uz Vanuatu The World Bank Group - ADB Liaison Office Level 5, Reserve Bank Building Rue Emile Mercet Port Vila, Vanuatu (postal address: P.O. Box 3221) Tel: (678) 25581 Fax: (678) 22636 Web: http://www.worldbank.org/pi * Vietnam Ms. Victoria Kwakwa The World Bank Group 63 Ly Thai To (WB: 8th Floor / IFC: 3rd Floor) Hoan Kiem District Hanoi, Vietnam Tel: (84-4) 3934-6600 Fax: (84-4) 3935-0752 / 3 E-mail: [email protected] Web: http://www.worldbank.org/en/country/vietnam

* West Bank and Gaza Mr. Steen Lau Jorgensen The World Bank Group P.O. Box.54842 Jerusalem, 97200 Tel: (972-2) 236 6500 Fax: (972-2) 236 6543 Gaza Tel: (972-8) 282 3422 Gaza Fax: (972-8) 282 4296 E-mail: [email protected] Web: http://www.worldbank.org/ps Yemen, Republic of Ms. Sandra Bloemenkamp The World Bank Group Faj Attan, off Beirut Street Sana'a, Republic of Yemen (postal address: P.O. Box 18152) Tel: (967-1) 413 708 / 413 710 Fax: (967-1) 413 709 E-mail: [email protected] Zambia Ms. Ina-Marlene E. Ruthenberg The World Bank BancABC House Plot #746 Church Road Cathedral Hill P. O. Box 35410 Lusaka, Zambia Tel: (260-21) 137-3200 Fax: (260-21) 137-3248 E-mail: [email protected] Web: http://www.worldbank.org/zm Zimbabwe Mrs. Camille Nuamah The World Bank Block 3, Arundel Business Park 107 Norfolk Road, Mount Pleasant Harare, Zimbabwe (postal address: P.O. Box 2960) Tel: (263-4) 7633-3200 Fax: (263-4) 7633-3265 E-mail: [email protected] Web: http://www.worldbank.org.zw/






http://www.worldbank.org.uz/

Member Date of membership

Afghanistan July 14, 1955Albania October 15, 1991Algeria September 26, 1963Angola September 19, 1989Antigua and Barbuda September 22, 1983Argentina September 20, 1956Armenia September 16, 1992Australia August 5, 1947Austria August 27, 1948Azerbaijan September 18, 1992Bahamas, The August 21, 1973Bahrain September 15, 1972Bangladesh August 17, 1972Barbados September 12, 1974Belarus July 10, 1992Belgium December 27, 1945Belize March 19, 1982Benin July 10, 1963Bhutan September 28, 1981Bolivia December 27, 1945Bosnia and Herzegovina February 25, 1993Botswana July 24, 1968Brazil January 14, 1946Brunei Darussalam October 10, 1995Bulgaria September 25, 1990Burkina Faso May 2, 1963Burundi September 28, 1963Cabo Verde November 20, 1978Cambodia July 22, 1970Cameroon July 10, 1963Canada December 27, 1945Central African Republic July 10, 1963Chad July 10, 1963Chile December 31, 1945China December 27, 1945Colombia December 24, 1946Comoros October 28, 1976Congo, Dem. Rep. September 28, 1963Congo, Rep. July 10, 1963

International Bank for Reconstruction and Development Membership | June 30, 2015

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Costa Rica January 8, 1946Côte d'Ivoire March 11, 1963Croatia February 25, 1993Cyprus December 21, 1961Czech Republic January 1, 1993Denmark March 30, 1946Djibouti October 1, 1980Dominica September 29, 1980Dominican Republic September 18, 1961Ecuador December 28, 1945Egypt, Arab Rep. December 27, 1945El Salvador March 14, 1946Equatorial Guinea July 1, 1970Eritrea July 6, 1994Estonia June 23, 1992Ethiopia December 27, 1945Fiji May 28, 1971Finland January 14, 1948France December 27, 1945Gabon September 10, 1963Gambia, The October 18, 1967Georgia August 7, 1992Germany August 14, 1952Ghana September 20, 1957Greece December 27, 1945Grenada August 27, 1975Guatemala December 28, 1945Guinea September 28, 1963Guinea-Bissau March 24, 1977Guyana September 26, 1966Haiti September 8, 1953Honduras December 27, 1945Hungary July 7, 1982Iceland December 27, 1945India December 27, 1945Indonesia April 13, 1967Iran, Islamic Rep. December 29, 1945Iraq December 27, 1945Ireland August 8, 1957Israel July 12, 1954Italy March 27, 1947

80


Jamaica February 21, 1963Japan August 13, 1952Jordan August 29, 1952Kazakhstan July 23, 1992Kenya February 3, 1964Kiribati September 29, 1986Korea, Rep. August 26, 1955Kosovo June 29, 2009Kuwait September 13, 1962Kyrgyz Republic September 18, 1992Lao PDR July 5, 1961Latvia August 11, 1992Lebanon April 14, 1947Lesotho July 25, 1968Liberia March 28, 1962Libya September 17, 1958Lithuania July 6, 1992Luxembourg December 27, 1945Macedonia, FYR February 25, 1993Madagascar September 25, 1963Malawi July 19, 1965Malaysia March 7, 1958Maldives January 13, 1978Mali September 27, 1963Malta September 26, 1983Marshall Islands May 21, 1992Mauritania September 10, 1963Mauritius September 23, 1968Mexico December 31, 1945Micronesia, Fed. Sts. June 24, 1993Moldova August 12, 1992Mongolia February 14, 1991Montenegro January 18, 2007Morocco April 25, 1958Mozambique September 24, 1984Myanmar January 3, 1952Namibia September 25, 1990Nepal September 6, 1961Netherlands December 27, 1945New Zealand August 31, 1961Nicaragua March 14, 1946

81


Niger April 24, 1963Nigeria March 30, 1961Norway December 27, 1945Oman December 23, 1971Pakistan July 11, 1950Palau December 16, 1997Panama March 14, 1946Papua New Guinea October 9, 1975Paraguay December 28, 1945Peru December 31, 1945Philippines December 27, 1945Poland June 27, 1986Portugal March 29, 1961Qatar September 25, 1972Romania December 15, 1972Russian Federation June 16, 1992Rwanda September 30, 1963Samoa June 28, 1974San Marino September 21, 2000São Tomé and Príncipe September 30, 1977Saudi Arabia August 26, 1957Senegal August 31, 1962Serbia February 25, 1993Seychelles September 29, 1980Sierra Leone September 10, 1962Singapore August 3, 1966Slovak Republic January 1, 1993Slovenia February 25, 1993Solomon Islands September 22, 1978Somalia August 31, 1962South Africa December 27, 1945South Sudan April 18, 2012Spain September 15, 1958Sri Lanka August 29, 1950St. Kitts and Nevis August 15, 1984St. Lucia June 27, 1980St. Vincent and the Grenadines August 31, 1982Sudan September 5, 1957Suriname June 27, 1978Swaziland September 22, 1969Sweden August 31, 1951

82


Switzerland May 29, 1992Syrian Arab Republic November 2, 1961Tajikistan June 4, 1993Tanzania September 10, 1962Thailand May 3, 1949Timor-Leste July 23, 2002Togo August 1, 1962Tonga September 13, 1985Trinidad and Tobago September 16, 1963Tunisia April 14, 1958Turkey March 11, 1947Turkmenistan September 22, 1992Tuvalu June 24, 2010Uganda September 27, 1963Ukraine September 3, 1992United Arab Emirates September 22, 1972United Kingdom December 27, 1945United States December 27, 1945Uruguay March 11, 1946Uzbekistan September 21, 1992Vanuatu September 28, 1981Venezuela, RB December 30, 1946Vietnam September 21, 1956Yemen, Rep. October 3, 1969Zambia September 23, 1965Zimbabwe September 29, 1980

Total members: 188

83

Member Date of membership Membership classification

Australia September 24, 1960 Part IAustria June 28, 1961 Part IBelgium July 2, 1964 Part ICanada September 24, 1960 Part IDenmark November 30, 1960 Part IEstonia October 11, 2008 Part IFinland December 29, 1960 Part IFrance December 30, 1960 Part IGermany September 24, 1960 Part IGreece January 9, 1962 Part IIceland May 19, 1961 Part IIreland December 22, 1960 Part IItaly September 24, 1960 Part IJapan December 27, 1960 Part IKuwait September 13, 1962 Part ILatvia August 11, 1992 Part ILithuania September 23, 2011 Part ILuxembourg June 4, 1964 Part INetherlands June 30, 1961 Part INew Zealand October 1, 1974 Part INorway September 24, 1960 Part IPortugal December 29, 1992 Part IRussian Federation June 16, 1992 Part ISlovenia February 25, 1993 Part ISouth Africa October 12, 1960 Part ISpain October 18, 1960 Part ISweden September 24, 1960 Part ISwitzerland May 29, 1992 Part IUnited Arab Emirates December 23, 1981 Part IUnited Kingdom September 24, 1960 Part IUnited States September 24, 1960 Part I

Afghanistan February 2, 1961 Part IIAlbania October 15, 1991 Part IIAlgeria September 26, 1963 Part IIAngola September 19, 1989 Part IIArgentina August 3, 1962 Part IIArmenia August 25, 1993 Part IIAzerbaijan March 31, 1995 Part II

International Development Association Membership | June 30, 2015

84


Bahamas, The June 23, 2008 Part IIBangladesh August 17, 1972 Part IIBarbados September 29, 1999 Part IIBelize March 19, 1982 Part IIBenin September 16, 1963 Part IIBhutan September 28, 1981 Part IIBolivia June 21, 1961 Part IIBosnia and Herzegovina February 25, 1993 Part IIBotswana July 24, 1968 Part IIBrazil March 15, 1963 Part IIBurkina Faso May 13, 1963 Part IIBurundi September 28, 1963 Part IICabo Verde November 20, 1978 Part IICambodia July 22, 1970 Part IICameroon April 10, 1964 Part IICentral African Republic August 27, 1963 Part IIChad November 7, 1963 Part IIChile December 30, 1960 Part IIChina September 24, 1960 Part IIColombia June 16, 1961 Part IIComoros December 9, 1977 Part IICongo, Dem. Rep. September 28, 1963 Part IICongo, Rep. November 8, 1963 Part IICosta Rica June 30, 1961 Part IICôte d'Ivoire March 11, 1963 Part IICroatia February 25, 1993 Part IICyprus March 2, 1962 Part IICzech Republic January 1, 1993 Part IIDjibouti October 2, 1980 Part IIDominica September 29, 1980 Part IIDominican Republic November 16, 1962 Part IIEcuador November 7, 1961 Part IIEgypt, Arab Rep. October 26, 1960 Part IIEl Salvador April 23, 1962 Part IIEquatorial Guinea April 5, 1972 Part IIEritrea July 6, 1994 Part IIEthiopia April 11, 1961 Part IIFiji September 29, 1972 Part IIGabon November 4, 1963 Part IIGambia, The October 18, 1967 Part IIGeorgia August 31, 1993 Part II

85


Ghana December 29, 1960 Part IIGrenada August 28, 1975 Part IIGuatemala April 27, 1961 Part IIGuinea September 26, 1969 Part IIGuinea-Bissau March 25, 1977 Part IIGuyana January 4, 1967 Part IIHaiti June 13, 1961 Part IIHonduras December 23, 1960 Part IIHungary April 29, 1985 Part IIIndia September 24, 1960 Part IIIndonesia August 20, 1968 Part IIIran, Islamic Rep. October 10, 1960 Part IIIraq December 29, 1960 Part IIIsrael December 22, 1960 Part IIJordan October 4, 1960 Part IIKazakhstan July 23, 1992 Part IIKenya February 3, 1964 Part IIKiribati October 2, 1986 Part IIKorea, Rep. May 18, 1961 Part IIKosovo June 29, 2009 Part IIKyrgyz Republic September 24, 1992 Part IILao PDR October 28, 1963 Part IILebanon April 10, 1962 Part IILesotho September 19, 1968 Part IILiberia March 28, 1962 Part IILibya August 1, 1961 Part IIMacedonia, FYR February 25, 1993 Part IIMadagascar September 25, 1963 Part IIMalawi July 19, 1965 Part IIMalaysia September 24, 1960 Part IIMaldives January 13, 1978 Part IIMali September 27, 1963 Part IIMarshall Islands January 19, 1993 Part IIMauritania September 10, 1963 Part IIMauritius September 23, 1968 Part IIMexico April 24, 1961 Part IIMicronesia, Fed. Sts. June 24, 1993 Part IIMoldova June 14, 1994 Part IIMongolia February 14, 1991 Part IIMontenegro January 18, 2007 Part IIMorocco December 29, 1960 Part II

86


Mozambique September 24, 1984 Part IIMyanmar November 5, 1962 Part IINepal March 6, 1963 Part IINicaragua December 30, 1960 Part IINiger April 24, 1963 Part IINigeria November 14, 1961 Part IIOman February 20, 1973 Part IIPakistan September 24, 1960 Part IIPalau December 16, 1997 Part IIPanama September 1, 1961 Part IIPapua New Guinea October 9, 1975 Part IIParaguay February 10, 1961 Part IIPeru August 30, 1961 Part IIPhilippines October 28, 1960 Part IIPoland June 28, 1988 Part IIRomania April 12, 2014 Part IIRwanda September 30, 1963 Part IISamoa June 28, 1974 Part IISão Tomé and Príncipe September 30, 1977 Part IISaudi Arabia December 30, 1960 Part IISenegal August 31, 1962 Part IISerbia February 25, 1993 Part IISierra Leone November 13, 1962 Part IISingapore September 27, 2002 Part IISlovak Republic January 1, 1993 Part IISolomon Islands July 21, 1980 Part IISomalia August 31, 1962 Part IISouth Sudan April 18, 2012 Part IISri Lanka June 27, 1961 Part IISt. Kitts and Nevis October 23, 1987 Part IISt. Lucia April 28, 1982 Part IISt. Vincent and the Grenadines August 31, 1982 Part IISudan September 24, 1960 Part IISwaziland September 22, 1969 Part IISyrian Arab Republic June 28, 1962 Part IITajikistan June 4, 1993 Part IITanzania November 6, 1962 Part IIThailand September 24, 1960 Part IITimor-Leste July 23, 2002 Part IITogo August 21, 1962 Part IITonga October 23, 1985 Part II

87


Trinidad and Tobago October 30, 1972 Part IITunisia December 30, 1960 Part IITurkey December 22, 1960 Part IITuvalu June 24, 2010 Part IIUganda September 27, 1963 Part IIUkraine May 27, 2004 Part IIUzbekistan September 24, 1992 Part IIVanuatu September 28, 1981 Part IIVietnam September 24, 1960 Part IIYemen, Rep. May 22, 1970 Part IIZambia September 23, 1965 Part IIZimbabwe September 29, 1980 Part II

Total members: 173

88

Country Eligibility for Borrowing from the World Bank | July 1, 2015 U.S. dollars

A. IBRD onlya Category iv (per capita income over $7,175) Korea, Rep. 27,090 Mexico 9,980 Uruguay 16,360 Lebanon 9,880 Chile 14,900 Costa Rica 9,750 Argentinab 14,560 Mauritius 9,710 St. Kitts and Nevis 14,540 Romania 9,370 Seychelles 13,990 Gabon 9,320 Poland 13,730 Turkmenistan 8,020 Antigua and Barbuda 13,360 Libya 7,920 Equatorial Guinea 13,340 Botswana 7,880 Russian Federationc 13,210 Colombia 7,780 Croatia 13,020 Azerbaijan 7,590 Venezuela, RB 12,820 Bulgaria 7,420 Brazil 11,760 China 7,380 Kazakhstan 11,670 Belarus 7,340 Palau 11,110 Montenegro 7,240 Panama 10,970 Suriname n.a. Turkey 10,850 Trinidad and Tobago n.a. Malaysia 10,660 Category iii ($1,215–$7,175) South Africa 6,800 Armenia 3,810 Iraq 6,410 El Salvador 3,780 Peru 6,410 Georgia 3,720 Ecuador 6,040 Indonesia 3,650 Dominican Republic 5,950 Ukrainec 3,560 Namibia 5,820 Guatemala 3,440 Serbia 5,820 Philippines 3,440 Thailand 5,410 Egypt, Arab Rep. 3,280 Algeria 5,340 Morocco 3,020 Angola 5,300 Swaziland 2,700 Jordan 5,160 Indiad 1,610 Macedonia, FYR 5,070 Belize n.a. Bosnia and Herzegovina 4,770 Iran, Islamic Rep. n.a. Fiji 4,540 Jamaica n.a. Albania 4,460 Syrian Arab Republice n.a. Paraguay 4,150 Tunisia n.a.

89

B. Blendf

Category iv (per capita income over $7,175) Grenadag 7,850

Category iii ($1,215–$7,175) St. Luciag 7,090 Bolivia 2,830 Dominicag 7,070 Congo, Rep. 2,680 St. Vincent and the Grenadinesg 6,560 Moldova 2,550 Mongolia 4,320 Uzbekistan 2,030 Cabo Verdeg 3,520 Vietnam 1,890 Sri Lanka 3,400 Pakistan 1,410 Timor-Leste 3,120 Cameroon 1,350 Nigeria 2,950 Papua New Guinea n.a. Category i ($1,045 or less) Zimbabwee 860

C. IDAf Category iv (per capita income over $7,175)

Maldivesg 7,290 Category iii ($1,215–$7,175)

Tongag 4,280 São Tomé and Príncipeg 1,570 Samoag 4,050 Côte d'Ivoire 1,550 Kosovo 4,000 Lesotho 1,350 Guyana 3,970 Kenya 1,280 Bhutan 2,390 Myanmar 1,270 Kiribatig 2,280 Mauritania 1,260 Honduras 2,190 Kyrgyz Republic 1,250 Nicaragua 1,830 Djibouti n.a.

Solomon Islands 1,830 Marshall Islandsg n.a.

Zambia 1,760 Micronesia, Fed. Sts.g n.a.

Sudane 1,740 Tuvalug n.a.

Ghana 1,620 Vanuatug n.a.

Lao PDR 1,600 Yemen, Rep. n.a.

Category ii ($1,045–$1,215) Bangladesh 1,080 Senegal 1,050 Tajikistan 1,060

90

Category i ($1,045 or less) Cambodia 1,010 Togo 580 Chad 1,010 Guinea-Bissau 570 South Sudan 960 Ethiopia 550 Tanzania 930 Eritreae 530 Comoros 840 Guinea 480 Haiti 830 Gambia, The 450 Benin 810 Madagascar 440 Nepal 730 Niger 430 Mali 720 Congo, Dem. Rep. 410 Sierra Leone 720 Liberia 400 Burkina Faso 710 Central African Republic 330 Afghanistan 680 Burundi 270 Uganda 660 Malawi 250 Rwanda 650 Somaliae n.a. Mozambique 630

Note: n.a. = not applicable—estimates are available in ranges only. Changes during previous fiscal year: Angola, Armenia, Bosnia and Herzegovina, Georgia, and India changed from a Blend borrower to IBRD borrower status, effective fiscal year 2015. a. World Bank Atlas methodology; 2014 per capita GNI (gross national income, formerly gross national product [GNP]) figures

are in U.S. dollars. b. Based on data officially reported by the National Statistics and Censuses Institute of Argentina. The International Monetary

Fund (IMF) has called on Argentina to adopt measures to address the quality of official GDP and consumer price index data, and issued an updated statement on Argentina’s progress on June 3, 2015: imf.org/external/np/sec/pr/2015/pr15252.htm

c. These calculations are based on numbers and data from official statistics of Ukraine and the Russian Federation; by relying on those numbers and data, the Bank does not intend to make any judgment on the legal or other status of the territories concerned or to prejudice the final determination of the parties' claims.

d. During IDA17, India will receive exceptional transitional support from IDA. e. Loans/credits are in nonaccrual status as of July 1, 2015. General information on countries with loans/credits in nonaccrual

status is available from the Credit Risk Department in Finance Partners. f. Countries are eligible for IDA on the basis of (a) relative poverty and (b) lack of creditworthiness. The operational cutoff for IDA

eligibility for fiscal 2016 is a 2014 GNI per capita of US$1,215, using Atlas methodology. To receive IDA resources, countries must also meet tests of performance. An exception has been made for small island economies. In exceptional circumstances, IDA extends eligibility temporarily to countries that are above the operational cutoff and are undertaking major adjustment efforts but are not creditworthy for IBRD lending.

g. The country represents a small island economy exception and receives financing on IDA terms.

91

By organizational unit 2011 2012 2013 2014 2015

Operational units b 1,383.0 1,426.2 1,441.6 1,482.1 1,416.0of which Regional Programs n.a. n.a. n.a. n.a. 393.4 Global Practices and Cross-Cutting Solutions Areas n.a. n.a. n.a. n.a. 1,022.7

Institutional services c 447.5 450.5 434.8 448.9 470.3of which Development Economics and Chief Economist 66.6 66.1 61.8 66.1 61.4 Leadership, Learning, and Innovation 67.3 67.4 61.8 67.6 49.2 Operations Policy and Country Services 39.6 43.6 45.2 42.8 38.3

Governance services d 183.9 188.1 191.9 187.4 178.9of which Boards and Corporate Secretariat 92.9 96.5 96.8 92.7 87.8

Administrative services e 335.2 414.5 414.0 467.8 527.9

Centrally managed accounts and programs f 159.2 126.8 289.7 300.6 330.9

Grant-making facilities 149.4 135.9 153.1 159.8 109.2

Total gross administrative budget 2,658.1 2,742.0 2,925.1 3,046.6 3,033.2Reimbursements, fees, others (345.0) (377.8) (426.6) (489.3) (507.2)

Total administrative budget 2,313.1 2,364.2 2,498.5 2,557.2 2,526.0

e. Includes General Services Department (GSD), Human Resources, and Information and Technology Solutions. GSD's institutional expenses, previously recorded as "Overheads, Benefits, and Contingencies," are being shown as part of GSD's expenses and are included in the "Administrative" line starting with fiscal 2007.f. Includes Corporate Contingency, Budget Returns, Unallocated Budget Flexibility, Centrally Managed Benefits, Staff Retirement Accounts, Business Continuity, Centrally Managed Overheads, Earmarked funds, and Institutional Programs.

Note: n.a. = not applicable.

World Bank Expenditures by Organizational Unit l Fiscal 2011–15

d. Includes the Board; Corporate Secretariat; Independent Evaluation Group; Institutional Integrity Vice Presidency; Internal Audit Vice Presidency; MDG, Office of the President; and Justice and Conduct Services (including Conflict Resolution System, Administrative Tribunal, Office of Ethics and Business Conduct, Office of Evaluation and Suspension, and Sanctions Board Secretariat)

Actuals amillions of dollars

a. The figures reported in this table reflect the work program mapping as of the end of fiscal 2015, and will not match figures published in previous reports due to organizational changes that happened during fiscal 2014 and 2015. b. Includes the Regions, Global Practices, and Cross-Cutting Solutions Areas (including the Climate Change Group Vice Presidency)c. Includes Budget, Performance Review, and Strategic Planning; Chief Risk Officer; Controllers; Development Economics; Development Finance; External and Corporate Relations; Global Environment Facility; International Centre for Settlement of Investment Disputes; Leadership, Learning, and Innovation; Legal; Operations Policy and Country Services; and Treasury

92

Donor 2015 2014United States 2,872 2,822 United Kingdom 1,253 1,591 Germany 722 711 Japan 689 936 France 668 555 Norway 600 512 Australia 469 474 Canada 442 327 Netherlands 433 452 Sweden 356 386 Others 2,031 2,465 Total 10,536 11,230

Contributions: Top-10 Trust Fund Donors | Fiscal 2015millions of dollars

Note: Contributions to the International Center for Settlement of Investment Disputes escrow accounts are excluded. Comparative figures of fiscal 2014 are provided for the top-10 donors of fiscal 2015. Previous-year figures have been reclassified where necessary.

93

Global Reporting Initiative (GRI) Index G4 Sustainability Reporting

94

This 2015 index of sustainability indicators has been prepared in accordance with the internationally recognized standard for sustainability reporting Global Reporting Initiative (GRI) guidelines and comply with the “core option.” The GRI Index provides an overview of sustainability considerations within the World Bank’s lending and analytical services as well as its day-to-day operations and management of staff. The World Bank aims to be comprehensive in its reporting and thus the Index includes indicators from GRI's Financial Sector Supplement.

The GRI Index covers activities from fiscal 2015, July 1, 2014, through June 30, 2015.

About the World Bank Group

The World Bank Group plays a key role in the global effort to end extreme poverty and boost shared prosperity. It consists of five institutions: the World Bank, which includes the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Working together in more than 130 countries, these institutions provide financing, advice, and other solutions that enable countries to address the most urgent challenges of development.

This GRI Index addresses the activities of the World Bank and its two agencies. Except for the eligibility of support and terms of lending to member countries, the IBRD and IDA are tightly integrated and work as a single unit.

DEFINING THE REPORT

Methodology for Determining Materiality

The topics deemed relevant for disclosure in this GRI Index were identified by assessing annual corporate priorities outlined by the institution’s

Boards and President and by considering stakeholder input, as well as by ascertaining sustainability impacts of carrying out the Bank’s mission and strategy. To determine if a GRI aspect is material for the World Bank to report on, an assessment was carried out based on (1) the potential impact on the Bank’s business and (2) the sustainability impacts stemming from its business.

2

Report Boundary

The differentiation between “operational” and “corporate” indicators establishes the boundaries of the GRI Index disclosures.

a. Impacts external to the organization [“operational boundary”]

The World Bank, a development institution, works closely with member country government counterparts and stakeholders to achieve lasing results. Indirect impacts occur in member countries as a result of its lending and analytical services and may not be directly controlled by the Bank’s

management. Impacts stemming from the World Bank’s work with clients are specified as “operational.”

In terms of satisfying GRI reporting specifications, the World Bank references its entire portfolio of activities, but does not include the performance of individual investments in its portfolio. Descriptions of individual investments can be found on the projects website.

b. Impacts internal to the organization [“corporate boundary”]

“Corporate boundary” refers to the impact from our day-to-day operations on buildings and staff members. GRI indicators for the environment apply primarily to performance of Washington, DC, facilities (which house 60 percent of World Bank staff) with Country Office data noted when relevant. Indicators related to labor practices apply to global staff policies and practices.

Validating the Methodology: Stakeholder Panel

The World Bank invited selected stakeholders in May 2014 to meet in person to review the Bank’s materiality approach and resulting reporting, and

advise it in that undertaking for the 2014 reporting cycle. Details are available in the 2014 materiality discussion.

RESULTS: WHAT IS MATERIAL?

Operational impact

The World Bank’s most pertinent sustainability impacts from financial and technical services to clients can be summarized in the following GRI-related aspects:

1. Economic Performance—Because creating and distributing economic value is part of the mission of eliminating extreme poverty, shareholders and investors care about the sustainable economic performance of this institution.

2. Indirect Economic Impacts—These impacts are an essential aspect of the Bank’s second goal of ensuring shared prosperity. Numerous

stakeholders have also asked for better valuation of results, direct and indirect, from World Bank lending and analytical services.

http://www.worldbank.org/projects

3

3. Biodiversity—Through lending and grant support to client countries, the World Bank Group is one of the largest international funding sources for biodiversity worldwide.

4. Human Rights / Child Labor / Indigenous Rights—The World Bank significantly promotes human rights through its projects, for example, improving poor people’s access to health, education, food, and water; promoting the participation of Indigenous Peoples in decision making, strengthening the accountability and transparency of governments to their citizens; supporting justice reform; and fighting corruption. In addition, civil society is actively following the World Bank’s current process of updating its safeguard policies. Stakeholders have also raised concerns about inadequate protections for child labor by member countries in projects implemented through World Bank lending.

5. Local Communities—The very nature of the Bank’s mission is to positively impact communities through investments in education, health, public

administration, infrastructure, and so on.

6. Anti-corruption—A well-functioning public sector that delivers quality public services consistent with citizen preferences and fosters private, market-led growth while managing its fiscal resources in a prudent manner is critical to the World Bank’s mission to alleviate poverty. Opinion leaders in the Bank’s client countries listed anti-corruption as one of their development priorities.

7. Grievance Mechanisms (environmental and human rights, for impacts on society)—Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. By offering a channel for citizens to express concerns, comments, and complaints, GRMs create opportunities to resolve disputes before they escalate. GRMs can help the Bank and member countries improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability. “Percent of resolved registered grievances” is now a key performance indicator for the World Bank (see Corporate Scorecard).

8. Product Portfolio and Audit Aspects from the Financial Sector Supplement—World Bank stakeholders look to the Bank to ensure that policies and procedures are in place to assess and screen environmental and social risks in its lending portfolio.

Corporate impact

The most material aspects of the Bank’s internal operations include the following:

1. Staff are the World Bank’s greatest asset. They bring a wide range of perspectives to bear on poverty-reduction issues and emerging development challenges, and are critical to the effectiveness of the Bank’s core operational and knowledge services. Staff-related indicators are pulled from the following GRI aspect categories: economic performance, market presence, employment, occupational health and safety, training and education, diversity and equal opportunity, labor practices grievance mechanisms, and nondiscrimination.

2. The Bank recognizes that reducing its own corporate environmental impacts is in line with the institutional mission to reduce poverty, as environmental degradation affects the world’s poor disproportionately. Increasing the efficiency of how the organization runs its business—through facility-level and staff-behavior changes—reduces natural-resource waste and decreases the cost of day-to-day operations. Key aspects related to

http://www.worldbank.org/en/about/results/corporatescorecard

4

the Bank’s environmental footprint include the following: energy, emissions, effluents and waste, and procurement practices (including supplier environmental assessment, supplier assessment for impacts on society, and supplier human rights assessment).

For the fiscal 2015 Index, the GRI aspects “materials” and “procurement practices” were not deemed material based on the methodology used. This was mainly because World Bank stakeholders were not asking the Bank how it managed its corporate procurement practices. Thus these aspects scored low on the materiality scale. The Bank continues to consider its procurement practices an essential part of reducing its footprint impact; therefore, information about these practices are included in The 2015 Sustainability Report (PDF).

Questions and comments about the GRI Index should be addressed to [email protected].

CONTENT INDEX

STRATEGY AND ANALYSIS 6

ORGANIZATIONAL PROFILE 7

IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES 12

STAKEHOLDER ENGAGEMENT 15

REPORT PROFILE 19

GOVERNANCE 20

ETHICS AND INTEGRITY 21

ECONOMIC – PERFORMANCE 23

ECONOMIC – INDIRECT ECONOMIC IMPACTS 25

ENVIRONMENTAL – BIODIVERSITY 26

ENVIRONMENTAL – GRIEVANCE MECHANISMS 28

http://worldbank.org/corporateresponsibility


5

SOCIAL – HUMAN RIGHTS INVESTMENT 29

SOCIAL – CHILD LABOR 31

SOCIAL – INDIGENOUS RIGHTS 32

SOCIAL – HUMAN RIGHTS GRIEVANCE MECHANISMS 33

SOCIAL – LOCAL COMMUNITIES 34

SOCIAL – ANTI-CORRUPTION 36

SOCIAL – GRIEVANCE MECHANISMS FOR IMPACTS ON SOCIETY 37

FINANCIAL SECTOR – PRODUCT PORTFOLIO 38

FINANCIAL SECTOR – AUDIT 44

ECONOMIC – MARKET PRESENCE 45

ENVIRONMENTAL – ENERGY 46

ENVIRONMENTAL – EMISSIONS 48

ENVIRONMENTAL – EFFLUENTS AND WASTE 51

ENVIRONMENTAL – OVERALL 52

ENVIRONMENTAL – SUPPLIER ENVIRONMENTAL ASSESSMENT 54

SOCIAL – EMPLOYMENT 54

SOCIAL – OCCUPATIONAL HEALTH AND SAFETY 57

SOCIAL – TRAINING AND EDUCATION 59

SOCIAL – DIVERSITY AND EQUAL OPPORTUNITY 61

SOCIAL – LABOR PRACTICES GRIEVANCE MECHANISMS 63

SOCIAL – NONDISCRIMINATION 64

6

G4-1

Statement from the

most senior decision

maker of the

organization

World Bank Group Managing Director and Chief Financial Officer Bertrand Badré addresses sustainability in his introduction to The 2015 Sustainability Review. Refer to The World Bank Annual Report 2015 for an additional letter from World Bank Group President Jim Yong Kim and a statement from the Board of Executive Directors.

For more information, see The World Bank Annual Report, http://www.worldbank.org/en/about/annual-report, and The 2015 Sustainability Report, http://www.worldbank.org/corporateresponsibility.

G4-2

Description of key impacts, risks, and opportunities

The World Bank works with its member countries to achieve equitable and sustainable economic growth in their national economies and find solutions to pressing regional and global problems in economic development and in other important areas, such as environmental sustainability.

Despite progress during the past decades, humanity still faces urgent and complex challenges. More than 1 billion people live in destitution, making eliminating extreme poverty a continuing priority. Against a backdrop of rising inequality and social exclusion in many countries, poverty remains an urgent challenge. The simple-sounding mission has proven to be a complex issue, with multiple dimensions requiring coordinated action from the entire international community on many policy fronts. Combining concern for greater equity with the need for growth will help to ensure that the bottom 40 percent of society will share in prosperity.

The World Bank believes that the depth and breadth of its sectoral knowledge, along with its range of financial and technical assistance instruments, can help countries address these challenges. With this in mind, the World Bank Group has set two goals: (1) strive toward reducing the extreme poverty rate to no more than 3 percent in 2030 and (2) promote shared prosperity by fostering income growth of the bottom 40 percent of the population in every country. It endeavors to pursue both of these goals in an environmentally, socially, and fiscally sustainable way.

A detailed discussion on significant environmental, social, and economic impacts of the World Bank and associated challenges and opportunities as it continues on the path to end poverty and boost shared prosperity is available in the World Bank Group Strategy. Unveiled at the 2013 Annual Meetings, the strategy brings together for the first time the combined strength of the World Bank, IFC, and MIGA and places the collective institution in a position to become the “Solutions Bank with results for the poor as our central

benchmark.” In addition, to ensure the availability of adequate resources that are aligned with the twin goals

https://g4.globalreporting.org/general-standard-disclosures/strategy-and-profile/strategy-and-analysis/Pages/G4-1.aspx

http://www.worldbank.org/en/about/annual-report

http://www.worldbank.org/corporateresponsibility

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and its strategy, the World Bank Group has undertaken significant financial reforms that will increase its capacity to provide lending services to clients while strengthening its financial resilience. Performance for these goals includes more than one indicator.

Improved client services—which will ultimately help the World Bank Group deliver on its goals—can only happen within a strong risk-management culture and framework that preserve the Bank Group’s reputation

and financial sustainability in an increasingly uncertain and challenging environment. The Bank Group’s

approach involves the proactive identification and management of risk in operations to ensure that risks are adequately assessed, measured, monitored, and reported so that corrective action can be taken, if necessary, in a timely manner. The Chief Risk Officer assists Bank management with identifying and managing Bank-wide crosscutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities, and improving deployment of capital.

The Bank Group faces a variety of risks related to development impacts, environmental and social safeguards, integrity, and financial management. It manages them through a customized risk rating and regular monitoring system as well as through engagement with clients. It manages other risks, including fiscal and operational risks, using leading industry practices and standards adapted to the Bank Group’s purposes.

As both a development and a financial institution, the World Bank Group faces special challenges in the current environment. Initiatives in fiscal 2015 on financing for development, the Sustainable Development Goals, and climate change will affect the development agenda for years to come. The emergence of new multilateral development institutions creates both opportunities and challenges for creative partnerships and requires fresh thinking about the financial structure of the World Bank Group.

For more information on progress of these targets, see http://corporatescorecard.worldbank.org. .

For more information on lessons learned on poverty alleviation, see

http://www.worldbank.org/en/topic/poverty.

For more information on sustainability, see http://www.worldbank.org/en/topic/sustainabledevelopment.

G4-3 Name of the

organization

The World Bank (WB) consists of the International Bank of Reconstruction and Development (IBRD) and the International Development Association (IDA). For more information, see

http://www.worldbank.org/en/about/what-we-do.

http://corporatescorecard.worldbank.org/

http://www.worldbank.org/en/topic/poverty

http://www.worldbank.org/en/topic/sustainabledevelopment

http://www.worldbank.org/en/about/what-we-do

8

G4-4

Primary brands,

products, and services

The World Bank offers a wide range of solutions to meet development challenges, all designed to support governments in reducing poverty and boosting prosperity:

Innovative financing instruments and banking products for an array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Some of our projects are co-financed with governments, other multilateral institutions, commercial banks, export credit agencies, and private sector investors. The Bank also provides or facilitates financing through trust fund partnerships with bilateral and multilateral donors. Many partners have asked the Bank to help manage initiatives that address needs across a wide range of sectors and developing regions.

Research, analysis, partnership coordination, and technical assistance services designed to share the best knowledge available to achieve development results underpin World Bank financing.

For more information, see http://www.worldbank.org/en/about/what-we-do.

G4-5

Location of

headquarters Washington, DC, United States

G4-6

Number of countries

where the organization

operates

The World Bank is a global organization. IBRD is owned by 188 member countries and IDA by 173. The Bank has eight Headquarters satellite offices and 127 Country Offices.

For a complete list of locations, see www.worldbank.org/contacts.

G4-7

Nature of ownership and

legal form

The World Bank is not a bank in the traditional sense but a unique partnership to reduce poverty and support development. IBRD is governed by and works with its 188 member countries to achieve equitable and sustainable economic growth in their national economies and to find solutions to pressing regional and global problems in economic development and other important areas, such as environmental sustainability. IDA works with its 173 member countries to reduce poverty by providing loans (called “credits”) and grants for

programs that boost economic growth, reduce inequalities, and improve people’s living conditions.

For a full list of member countries, see http://www.worldbank.org/about/leadership/members.

Each of the World Bank organizations operates according to procedures established by its Articles of

Agreement, or an equivalent governing document. These documents outline the conditions of membership and the general principles of organization, management, and operations.

https://g4.globalreporting.org/general-standard-disclosures/strategy-and-profile/organizational-profile/Pages/G4-4.aspx

http://www.worldbank.org/en/about/what-we-do



http://www.worldbank.org/en/about/contacts


http://www.worldbank.org/en/about/leadership/members

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9

G4-8 Markets served

The World Bank works globally to achieve equitable and sustainable economic growth in member country economies and to find solutions to the pressing regional and global problems in economic development. Its work is distributed throughout the following regions: Africa, East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, and South Asia.

World Bank projects cover the following Global Practices: Agriculture; Education; Energy and Extractives; Environment and Natural Resources; Finance and Markets; Governance; Health, Nutrition, and Population; Macroeconomics and Fiscal Management; Poverty; Social Protection and Labor; Social, Urban, Rural, and Resilience; Trade and Competitiveness; Transportation and Information and Communication Technologies; and Water.

For more information on the Bank’s work by region and by sector, see www.worldbank.org/unit.

G4-9

Scale of organization

As of June 30, 2014, the World Bank employed 11,933 staff and 4,262 consultants who worked in Washington, DC, and in 8 headquarters satellite offices and 127 Country Offices worldwide.

World Bank lending commitments for development support totaled $42.5 billion in fiscal 2015.

New lending commitments by IBRD totaled $23.5 billion for 112 operations in fiscal 2015. This volume was higher than the precrisis historical average ($13.5 billion a year in fiscal 2005–08) and the $18.6 billion in fiscal 2014. As of June 30, 2015, net commitments in IBRD's active portfolio stood at $96.8 billion. IBRD also offers financial products that allow clients to efficiently fund their development programs and manage risks related to currency, interest rates, commodity prices, and natural disasters. In fiscal 2015, the Bank’s Treasury executed

US dollar equivalent (USDeq) 3.3 billion in hedging transactions on behalf of member countries, including USDeq 2.0 billion in interest rate conversions and USDeq 1.2 billion in currency conversions, to assist borrowers in managing interest rate and currency risks over the life of their IBRD loans. In addition, the Bank’s

Treasury executed swap transactions totaling USDeq 24 billion to manage the risks of IBRD’s balance sheet

and USDeq 727 million to manage the risks of IDA’s balance sheet.

IDA commitments amounted to $19.0 billion for 190 operations in fiscal 2015, including $15.9 billion in credits, $2.4 billion in grants, and $600 million in guarantees. As of June 30, 2015, net commitments in IDA’s active

portfolio stood at $91.4 billion. IDA is financed largely by contributions from partner governments. Additional financing comes from transfers from IBRD’s net income, grants from the International Finance Corporation (IFC), and borrowers’ repayments of earlier IDA credits. Under the IDA17 Replenishment, which covers fiscal

2015–17, total resources amount to 33.7 billion in Special Drawing Rights (equivalent to $50.8 billion). For

more information, see The World Bank Annual Report, http://www.worldbank.org/en/about/annual-report.


http://www.worldbank.org/en/about/unit




10

G4-10

Total number of

employees by

employment contract,

region, broken down by

gender

The World Bank’s workforce is composed of some 16,300 individuals of 170 nationalities—about 5,500 on permanent contracts, 6,500 on fixed-term or temporary contracts, and 4,300 full-time-equivalent (FTE) short-term consultants. The richness of the backgrounds and experience of Bank staff continues to be a hallmark of the products and services that clients seek.

There has only been a 3.2 percent decrease in the number of full-time employees (those on permanent, fixed-term, and temporary contracts) since fiscal 2014. The Bank also employed about 4,262 FTE short-term consultants in fiscal 2015, a 6 percent increase over FTE short-term consultants employed in 2014. These self-employed workers make up about a quarter of the Bank’s workforce.

The World Bank has a significant global footprint, with 40 percent of full-time staff now working outside the United States. Eighty-three percent of the staff and 2 percent of managers of director level or above (grade GI+) located in non-US offices were locally hired.

For information about the Bank’s career tracks, see www.worldbank.org/jobs.

Full-time staff 2015 2014 2013

Number % of total Number % of total Number % of total

United States 7,209 60% 7,449 60% 7,214 60%

Female 3,936 33% 4,102 33% 3,984 33%

Male 3,273 27% 3,347 27% 3,230 27%

Non-US Location

4,724 40% 4,879 40% 4,832 40%

Female 2,226 19% 2,272 18% 2,272 19%

Male 2,498 21% 2,607 21% 2,560 21%

WB total full-time staff

11,933 12,328 12,046

Of which Female 6,162 52% 6,374 52% 6,256 52%

Of which Male 5,771 48% 5,954 48% 5,790 48%

Consultants (FTE globally)

4,262 26% 4,033 3,802


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11

G4-11

Percentage of total

employees covered by

collective bargaining

agreements

Founded in 1972, the World Bank Group Staff Association (SA) is not a union and does not engage in collective bargaining. It is a member-supported organization that works with Human Resources, senior management, line management, and the Executive Directors to represent and protect the rights and interests of all staff. It serves a critical role by representing the rights of all World Bank Group staff, as provided in World Bank Group Staff Rule 10.01. It represents all (that is, 100 percent) of staff in its efforts; more than 10,000 World Bank Group staff are members of the Staff Association, and 89 Country Offices have established Country Office Staff Associations (COSAs).

G4-12

The organization’s

supply chain

As a service and financial institution, the World Bank does not have an extremely complex supply chain. The materials we use regularly to carry out our internal business include office supplies and electronics, and we rely heavily on transportation services to ensure we interact with clients on the ground. An elevated expectation from donors and the public to demonstrate effectiveness, value for money, and efficiency in delivery has resulted in Corporate Procurement’s taking the lead to manage corporate contracts for goods and services globally at optimal quality and minimal total cost of ownership.

For more information, see http://www.worldbank.org/corporateprocurement.

G4-13

Significant changes

during the reporting

period regarding the

organization’s size,

structure, ownership, or

its supply chain

There were no significant changes for fiscal 2015.

G4-14

Report whether and how

the precautionary

approach or principle is

addressed by the

organization

The World Bank applies the precautionary approach through its safeguard policies.

The Bank’s environmental and social safeguard policies are a cornerstone of its support to sustainable poverty reduction. The objectives of these policies are to prevent and mitigate harm to people and their environment in the development process. These policies provide guidelines for Bank and borrower staff in the identification, preparation, and implementation of programs and projects. The effectiveness and development impact of programs and projects supported by the Bank has substantially increased as a result of attention to these policies. Safeguard policies have often provided a platform for the participation of stakeholders in project design, along with being an important instrument for building ownership among local populations. For more

information, see http://www.worldbank.org/safeguardpolicies.



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12

G4-15

Externally developed

economic,

environmental, and

social charters,

principles, or other

initiatives to which the

organization subscribes

or which it endorses

The World Bank is committed to helping developing countries end poverty and boost share prosperity in a sustainable manner. As such, it partnered globally to advance the effort to achieve the Millennium Development Goals (MDGs), and it will be a partner of choice for countries seeking to reach many of the Sustainable Development Goals (SDGs) once they are adopted in September 2015. The World Bank Group is also an active member of the UN Environmental Management Group and the Multilateral Financial Institutions Working Group on the Environment. As a UN-specialized agency, the World Bank also supports the mission of the United Nations and the multilateral agreements for which the Bank acts as an implementing agency, including the Global Environment Facility (GEF), the Multilateral Fund for the Montreal Protocol, and the Convention to Combat Desertification. These facilities have enabled the World Bank to become the largest funder of projects in support of the Convention on Biological Diversity and the Stockholm Convention on Persistent Organic Pollutants.

For more information on the MDGs and partners, see www.worldbank.org/partners.

G4-16

Memberships of

associations and

national or international

advocacy organizations

The World Bank is not a member of industry or business associations or national or international advocacy organizations, but is working with a wide range of partners across a broad spectrum of global issues, including financial inclusion, education, health, and climate change, in order to operate more effectively.

For more information on the MDGs and partners, see www.worldbank.org/partners.

G4-17

All entities included in

the organization’s

consolidated financial

statements or equivalent

documents

The World Bank consists of the International Bank of Reconstruction and Development (IBRD) and the International Development Association (IDA). The 2015 Sustainability Review and this GRI Index do not cover the other three agencies of the World Bank Group: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). These agencies publish separate annual reports.

For more about the World Bank and its sibling agencies, see www.worldbank.org/about.

G4-18

The process for defining

the report content and

the Aspect Boundaries;

how the organization

The topics deemed relevant for disclosure were identified by assessing annual corporate priorities outlined by the institution’s Boards and President, considering stakeholder input, as well as ascertaining sustainability impacts of carrying out the mission and vision. Stakeholder feedback is gained through three key channels: the Country Opinion Survey, civil society feedback, and queries from investor research groups.


http://www.worldbank.org/en/about/partners



https://g4.globalreporting.org/general-standard-disclosures/strategy-and-profile/identified-material-aspects-and-boundaries/Pages/G4-18.aspx

http://www.worldbank.org/en/about


13

has implemented the

Reporting Principles for

Defining Report Content

To determine if a Global Reporting Initiative (GRI) aspect is material for the World Bank to report on, an assessment is carried out based on the potential impact on the Bank’s business and sustainability impacts stemming from its business. The business-case category evaluates potential reputational risks to the organization, the importance to stakeholders (based on the above sources), and the linkages with the Bank’s

mission and goals. The sustainability impact refers to environmental and social criteria, as outlined by the Natural Step, namely: material extracted from the earth’s crust; accumulation of persistent or toxic emissions;

extractive industry or destructive processes; and the extent to which people’s ability to meet their needs are

undermined. To ensure representation of sustainable development, an additional criterion was added to give preference for impact on the local economy.

The Principles for Defining Report Content have been applied to identify, prioritize, and validate the information to be disclosed by considering the World Bank’s activities, impacts, and the substantive

expectations and interests of its stakeholders. Each criterion above is given a point and a threshold is set to prioritize GRI aspects to include in the report.

G4-19

All the material aspects identified in the process for defining report content

Material aspects are listed below:

Aspect Materiality score Boundary

ECONOMIC

1 ECONOMIC PERFORMANCE 6 Both 2 MARKET PRESENCE 4 Corporate 3 INDIRECT ECONOMIC IMPACTS 6 Operational ENVIRONMENTAL

4 ENERGY 4 Corporate 5 BIODIVERSITY 6 Operational 6 EMISSIONS 4 Corporate 7 EFFLUENTS AND WASTE 5 Corporate 8 OVERALL 4 Corporate 9 SUPPLIER ENVIRONMENTAL ASSESSMENT 4 Corporate

10 ENVIRONMENTAL GRIEVANCE MECHANISMS 5 Operational SOCIAL: LABOR PRACTICES AND DECENT WORK

11 EMPLOYMENT 4 Corporate 12 OCCUPATIONAL HEALTH AND SAFETY 4 Corporate


14

13 TRAINING AND EDUCATION 4 Corporate 14 DIVERSITY AND EQUAL OPPORTUNITY 4 Corporate 15 LABOR PRACTICES GRIEVANCE MECHANISMS 4 Corporate SOCIAL: HUMAN RIGHTS

16 INVESTMENT 4 Operational 17 NON-DISCRIMINATION 4 Corporate 18 CHILD LABOR 4 Operational 19 INDIGENOUS RIGHTS 4 Operational 20 HUMAN RIGHTS GRIEVANCE MECHANISMS 4 Operational SOCIAL: SOCIETY

21 LOCAL COMMUNITIES 4 Operational 22 ANTI-CORRUPTION 4 Operational

23 GRIEVANCE MECHANISMS FOR IMPACTS ON SOCIETY 4 Operational

FINANCIAL SECTOR SUPPLEMENT

24 PRODUCT PORTFOLIO 6 Operational 25 AUDIT 4 Operational

G4-20

For each material aspect, the Aspect Boundary within the organization

See table in G4-19.

Impacts internal to the organization or “corporate boundary” refers to the impacts from day-to-day operations on buildings and staff members. GRI indicators for environment apply primarily to performance of Washington, DC, facilities (which house 60 percent of World Bank staff), with Country Office data noted when relevant. Indicators related to labor practices apply to global staff policies and practices.

G4-21

For each material aspect, the Aspect Boundary outside the organization

See table in G4-19. The World Bank, a development institution, works closely with member country government counterparts and stakeholders to achieve lasting results. Aspect Boundaries outside the organization involve indirect impacts that occur in member countries as a result of the Bank’s lending and analytical services.

In terms of satisfying GRI reporting specifications, the World Bank references its entire portfolio of activities, but does not include the performance of individual investments in its portfolio. For descriptions of individual

investments, see http://www.worldbank.org/projects.



http://www.worldbank.org/projects?lang=en

15

G4-22

Restatements of

information provided in

previous reports

Restatements have been made to EC1. The way revenues are calculated and reported for the purposes of GRI has been modified. See EC1 for details.

G4-23

Significant changes

from previous reporting

periods in the Scope and

Aspect Boundaries

There were slight changes from previous reporting periods in the Scope and Aspect Boundaries. In fiscal 2015, the following GRI aspects—“materials” and “procurement practices”—were not deemed material based on the methodology. This was mainly because stakeholders were not asking about Corporate Procurement practices, and thus these aspects ranked low on the materiality scale. The Bank continues to consider its procurement practices an essential part of its footprint impact, and thus has included information in The 2015

Sustainability Report.

G4-24

Stakeholder groups

engaged by the

organization

As a global citizen and a global employer, the World Bank consults and collaborates with thousands of stakeholders throughout the world. The Bank groups the stakeholders into two main categories: internal and external. Internal stakeholders include Bank owners (shareholder governments) and Bank employees (internal staff). External stakeholders include civil society, faith-based organizations, academics, foundations, parliamentarians, citizens impacted by projects, private sector (including socially responsible investors), partnering agencies, and international, national, and local media.

G4-25

The basis for

identification and

selection of

stakeholders with whom

to engage

In the context of World Bank-supported activities, stakeholders are considered those who are affected, whether positively or negatively, by a proposed intervention. Who the stakeholders are for any given project or issue depends on the situation. Getting the necessary stakeholders involved is essential, but it is not always easy, because our stakeholders range from donor and client governments to the poorest and most marginalized communities.

G4-26


approach to stakeholder

engagement, including

frequency of

Member governments Engagement is built into the management structures. Each fall and spring, the Boards of Governors of the World Bank Group and International Monetary Fund (IMF) hold Annual and Spring Meetings to discuss a range of issues related to poverty reduction, international economic development, and



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16

engagement by type and

by stakeholder group,

and an indication of

whether any of the

engagement was

undertaken specifically

as part of the report

preparation process

finance. The Annual Meetings provide a forum for international cooperation and enable the Bank and the IMF to better serve their member countries. In addition to the meetings of the Boards of Governors, the Development Committee is convened to advise the Boards of Governors on issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

The Development Committee Communique is used as part of the Sustainability Review preparation.

Employees Staff surveys are used to engage staff. In November 2015, a World Bank Group Employee Engagement Survey was conducted to measure staff's views on a variety of key areas—from leadership to career development to the work environment.

Civil society Engagement ranges from focus groups to community panels to invitations to participate in and contribute substantively to policy discussions during the Annual Meetings. Twice a year, during the Spring and Annual Meetings, the World Bank hosts the Civil Society Policy Forum, where civil society representatives from around the world convene to deliberate priority development issues with a broad group of stakeholders. At the global and regional levels, civil society organizations (CSOs) have been formally consulted on the major policies introduced or updated in recent years by World Bank staff in such areas as access to information, social accountability, and environmental and social safeguards. Consultations have also become common; they are based on such reports as the annual World

Development Report (WDR) and evaluations carried out by the Independent Evaluation Group (IEG). At the country level, the World Bank consults with a broad spectrum of CSOs on the System Country Diagnostic, the Country Partnership Framework, sector studies, and individual Bank-funded development projects. Often these consultations are multi-stakeholder and involve CSOs, governments, businesses, and other donor agencies. With the introduction of the Citizens Engagement Strategic Framework, the Bank has committed to 100 percent beneficiary feedback, for which the views of civil

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society are solicited to inform impact assessments and future development planning.

To further support development results and reach the goals of ending extreme poverty and fostering shared prosperity, the Global Partnership for Social Accountability (GPSA) supports civil society and governments to work together to solve critical governance challenges in developing countries. To achieve this objective, the GPSA provides strategic and sustained support to CSOs’ social accountability initiatives aimed at strengthening transparency

and accountability. For more information on the Bank’s engagement with civil

society see www.worldbank.org/civilsociety, and for more information on the

GPSA, see http://www.thegpsa.org/sa/.

Citizens and others Stakeholder consultations are a time-limited engagement platform through which interested and impacted parties can share their input and perspectives on a proposed area of the World Bank’s work. This exercise is done with the

objective of influencing decisions. Therefore, the objective of consultations is to seek the views of those affected by our work but outside the internal decision-making process. By ensuring that affected and interested parties express their views about a particular policy, strategy, study, or program, and by ensuring that a wide range of potential impacts is taken into account, the Bank’s decision-making process becomes better informed, more rigorous, and more accountable. Moreover, consultation has become an essential component of the open and accessible governance of the institution. Consultation methods and formats vary depending on the scope of the World Bank Group’s proposed engagement (local, regional, national, or global), the purpose of the engagement, the nature of the issues being discussed, and the parties and stakeholders interested in influencing the outcome of the process. For more information, see http://consultations.worldbank.org/.

The Country Opinion Survey Program results are aggregated data from approximately 40 countries per year. The program systematically measures and tracks the perceptions of the World Bank’s clients, partners, and other

stakeholders across the globe in member countries. For more information,

see http://countrysurveys.worldbank.org/

http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/CSO/0,,pagePK:220469~theSitePK:228717,00.html

http://www.thegpsa.org/sa/

http://consultations.worldbank.org/

http://countrysurveys.worldbank.org/

18

Environmental, social,

governance (ESG)

investor community

Formal and informal engagements are used to better work with the ESG investor community. The views of ESG research firms were taken into account in preparation of The 2015 Sustainability Review.

Partnering agencies The World Bank works with other international institutions and donors to improve the coordination of aid policies and practices in countries at the regional and global levels. Consultation methods and formats vary depending on the scope of the World Bank Group’s proposed engagement. For more

information, see http://www.worldbank.org/partners.

Local, national, and

international media

On a daily basis, the World Bank approaches media to cover its major report launches, corporate priority campaigns, and messages, including events involving the President. At key opportunities, like the Annual and Spring Meetings, the Bank proactively drives the primary messages of the institution, such as its commitment to the twin goals of ending extreme poverty by 2030 and boosting shared prosperity. The Bank approaches traditional media outlets (via interviews and op-eds) and actively uses social media to promote issues that need to be addressed to achieve those goals, such as major reports on climate change. It also responds to all media queries and interview requests to help the media better understand the Bank and what it does. In addition, the Bank’s reputation is managed by working with reporters to clarify Bank priorities and activities, providing them with institution views so they can write balanced and well-represented articles. Press releases, speeches, transcripts, and feature stories from the Bank can be found on the World Bank’s website homepage, http://www.worldbank.org, and on the news site, http://worldbank.org/news

The key priority in fiscal year 2015 was the continued promotion and implementation of the World Bank’s twin goals. This included outreach to key

audiences through mechanisms such as press releases, op-eds, report launches, and other stakeholder engagement about activities achieve these goals. Significant communications efforts were also directed toward the Bank Group’s enhanced efforts in combating specific issues, such as tackling the

Ebola outbreak and fighting climate change, while the Bank’s issuance and promotion of global economic outlooks also garnered strong media coverage.


http://www.worldbank.org/

http://worldbank.org/en/news

19

G4-27

Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns

Because stakeholder groups raise concerns in various venues and formats, these concerns cannot be summarized here.

1. For concerns raised in particular projects by citizens, media, and CSOs, see individual project

documents, http://www.worldbank.org/projects. 2. For concerns raised during consultations with citizens, media, and CSOs, see

http://consultations.worldbank.org. 3. For outcomes of the Country Opinion Survey, see http://countrysurveys.worldbank.org/. 4. For concerns raised by civil society, see http://worldbank.org/civilsociety. 5. Staff concerns are not disclosed because of confidentiality.

G4-28

Reporting period for

information provided The 2015 Sustainability Review and GRI Index cover fiscal 2015, July 1, 2014, through June 30, 2015.

G4-29

Date of most recent

previous report The previous Sustainability Review was made available in October 2014.

G4-30 Reporting cycle The World Bank annually updates its GRI Index. The Bank is currently reviewing its institutional flagship reports and may make changes to the reporting cycle.

G4-31

The contact point for

questions regarding the

report or its contents

For more information, email the Corporate Responsibility Program: [email protected].

G4-32

The ‘in accordance’

option

The 2015 Sustainability Review and GRI Index have been reported in accordance with the GRI guidelines: core option.

G4-33

Policy and current

practice with regard to

seeking external

assurance for the report

The World Bank has not set a policy on gaining external assurance for its Sustainability Review. In practice, limited assurance is carried out for the Bank’s corporate carbon emissions data biennially. The carbon inventory is also assured every year by the IFC Annual Report auditors.



http://consultations.worldbank.org/

http://countrysurveys.worldbank.org/

http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/CSO/0,,pagePK:220469~theSitePK:228717,00.html

https://g4.globalreporting.org/general-standard-disclosures/strategy-and-profile/report-profile/Pages/G4-28.aspx





https://g4.globalreporting.org/general-standard-disclosures/strategy-and-profile/report-profile/gri-content-index/Pages/G4-32.aspx

https://g4.globalreporting.org/general-standard-disclosures/strategy-and-profile/report-profile/assurance/Pages/G4-33.aspx

http://www.ifc.org/wps/wcm/connect/4d57318049faf97d9257b3e54d141794/IFC_AR15_Full_Volume1.pdf?MOD=AJPERES

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G4-34

The governance

structure of the

organization, including

committees of the

highest governance

body; any committees

responsible for decision

making on economic,

environmental, and

social impacts

The World Bank is a development institution for which its 188 member countries are shareholders. The Bank works with members to achieve equitable and sustainable economic growth in their national economies and find solutions to pressing regional and global problems in economic development and critical areas such as environmental sustainability. It pursues its overriding goal to overcome poverty and improve standards of living primarily by providing loans, risk-management products, and expertise on development-related disciplines and by coordinating responses to regional and global challenges. Member countries govern the Bank through the Boards of Governors and the Board of Executive Directors (EDs).

The Boards of Governors consist of one governor and one alternate governor appointed by each member country. The office is usually held by the country’s minister of finance, governor of its central bank, or a senior

official of similar rank. The governors and alternates serve for terms of five years and can be reappointed. The Honorable Kordjé Bedoumra, Minister of Finance and Budget, Chad, will be the Chairman for the 2015 Annual Meetings. The governors delegate specific duties to the 25 EDs, who work onsite at the Bank. The five largest shareholders each appoints an Executive Director, and other member countries are represented by elected executive directors.

Together, the Boards of Governors and the EDs make all major decisions for the organization, including policy, financial, and membership issues.

In addition to representing their own countries and others they are elected to represent, EDs serve on one or more of five standing committees: Audit Committee, Budget Committee, Committee on Development Effectiveness (CODE), Human Resources Committee, and Committee on Governance and Executive Directors’ Administrative Matters. The committees help the Board execute its oversight responsibilities through

in-depth examinations of policies and practices, overseeing and making decisions about the Bank’s policies

and procedures, financial condition, risk-management and assessment processes, adequacy of governance and controls, and effectiveness of development and poverty-reduction activities. In addition, the Ethics Committee provides guidance on matters covered by the Code of Conduct for Board officials. These committees function independently of all World Bank Group executive officers.

For more information, see http://www.worldbank.org/leadership.

https://g4.globalreporting.org/general-standard-disclosures/governance-and-ethics/governance/governance-structure-and-composition/Pages/G4-34.aspx

http://www.worldbank.org/en/about/leadership/managers

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G4-56


values, principles,

standards and norms of

behavior such as codes

of conduct and codes of

ethics

The World Bank's mission is to fight poverty with passion and professionalism for lasting results. The twin goals--ending extreme poverty and boosting shared prosperity--guide the mission. To achieve the goals, the Bank strives to promote environmental and social sustainability at the country and global levels, and to pursue a fiscally responsible development path. It seeks to help people help themselves and their environment by providing resources, sharing knowledge, building capacity, and forging partnerships in the public and private sectors. The institution’s core values are personal honesty, integrity, and commitment; working together in

teams with openness and trust; empowering others and respecting differences; encouraging risk-taking and responsibility; and enjoying both work and family.

There is a mandatory e-learning training on the Code of Conduct for all new staff, including consultants with contracts of more than 30 days. There is a separate Code of Conduct for Board officials. Business partners are informed of ethics expectations through a separate Code of Conduct document.

In addition to the training for new staff, a number of ethics training courses are offered at the WBG. For example, when the Office of Ethics and Business Conduct (EBC) delivered face-to-face training on preventing retaliation to WBG Country Office managers, other ethics training was offered to all staff in those offices.

Adherence to high ethical standards is specified in contracts with employees, Board officials, and business partners. Section 1(c) of the Code for Board Officials requires them to sign the code document upon assuming duty and deposit it with the Ethics Committee of the Board.

Staff members are required to uphold the WBG’s Staff Rules as a condition of employment.

In 2012, the World Bank Group elevated the head of the ethics function to a vice presidency. As indicated in a June 2015 communication from the Office of the President: “The leadership of this function by a Vice President

and Group CEO reflects the importance attached to EBC’s mandate across its four key areas of responsibility:

(1) responding to and investigating allegations of staff misconduct, and policies and procedures; (2) providing training, outreach, and communication on business conduct; (3) providing advice on conflicts of interest and implementing the Bank Group’s financial disclosure programs; and (4) tracking trends and providing insights

and periodic reports to senior management.” A summary of the Code of Conduct is available in nine

languages.

For more information on the World Bank’s Code of Conduct and EBC functions, see

http://worldbank.org/ethics.

https://g4.globalreporting.org/general-standard-disclosures/governance-and-ethics/ethics-and-integrity/Pages/G4-56.aspx

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G4-57

Internal and external

mechanisms for seeking

advice on ethical and

lawful behavior, and

matters related to

organizational integrity,

such as helplines or

advice lines

The Office of Ethics and Business Conduct (EBC) enables staff members to seek ethics-related advice and guidance. Employees, business partners, and other stakeholders are informed of EBC’s advisory services

through a range of communication media. EBC advisory services are cited in various training programs offered by the WBG.

The Ethics Helpline is an email service account ([email protected]) that is accessible to staff and advertised on the external website. Staff members also can seek advice directly from EBC staff during office hours or arrange to speak with advisory team members at a convenient time. Most advisory services are provided in English, which is the working language of the World Bank. Staff members can also contact the Ethics Helpline 24/7 by phone (800-261-7497), which is administered in multiple languages by an outside vendor.

Advisory requests are treated with the highest possible level of confidentiality given the requirements of the case. However, requesting advice on a misconduct matter does not provide immunity in relation to this misconduct. In most cases, with this exception, advice is treated confidentially. Requests for advice can be made anonymously.

There were 830 requests for advice and guidance received by EBC in fiscal 2015. The most frequently received queries involved questions concerning a staff member’s outside activities. For additional information

on the types of requests received, refer to EBC’s Annual Reports, posted online.

EBC does not currently administer a satisfaction survey to individuals who contact the office. However, individuals who approach the office frequently express satisfaction, in particular because most requests for guidance are responded to within 48 hours. For more about addressing staff concerns, see the Office of Ethics and Business Conduct: http://worldbank.org/ethics.

Additionally, the Bank’s Integrity Vice Presidency works to improve compliance with World Bank Group corruption-related policies. The unit trains staff to detect and deter fraud and corruption, and investigates allegations related to fraud and corruption in activities conducted or financed by the World Bank Group, as well as allegations of significant fraud and corruption involving World Bank Group staff.

Details are outlined for staff in the WBG Code of Conduct.

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http://worldbank.org/ethics

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G4-DMA

The World Bank is a vital source of financial and technical assistance to developing countries around the world. The World Bank’s lending

is aimed at two different groups of countries: IBRD strives to reduce poverty in middle-income and credit-worthy poorer countries through loans, guarantees, risk-management products, and analytical and advisory services. Its companion organization, IDA, offers below-market-rate financing to the world’s 77 poorest countries, primarily through credits and grants.

IBRD funds itself through high-quality bonds offered in the international capital markets. IDA’s funding is predominantly from contributions by donor countries, including OECD countries and, increasingly, middle-income nations.

The World Bank’s Corporate Scorecard is designed to provide a snapshot of the Bank’s overall performance in the context of development

results. It facilitates strategic dialogue between management and the Board on progress made and areas that need attention. Aspects of financial strength are measured under the Scorecard’s Tier III, which reviews the overall success of Bank activities in achieving

development goals and examines the effectiveness of Bank operations, including the performance of its lending portfolio.

G4-EC1

Direct economic value

generated and

distributed

In fiscal 2015, IBRD revenues were $2.32 billion ($2.68 billion and $3.4 billion for 2014 and 2013, respectively), and IDA’s revenues were $2.15 billion ($2.5 billion and $2.1

billion for 2014 and 2013, respectively). Sources of revenues include revenue from loans and credits, revenue from IBRD’s Equity Management, revenue from investments trading, transfers from affiliated organizations, and other sources from externally funded activities.

Fiscal 2015 IBRD expenses were $2.53 billion ($2.4 billion and $2.6 billion for 2014 and 2013, respectively), and IDA’s expenses were $4.25 billion ($4.6 billion and $4.3 billion

for 2014 and 2013, respectively). Expenses include borrowings, administrative expenses, development grants, transfers to affiliated organizations, and other general expenses.

To better understand the business models of each entity, please see the IBRD

Management's Discussion and Analysis (MD&A) and IDA MD&A.

Full

G4-EC2

Financial implications

and other risks and

opportunities for the

The World Bank Group believes a 4° C warmer world can and must be avoided. Immediate global action is needed to slow the growth in greenhouse gas emissions and help countries adapt to changes that are already locked in. Getting there will require economic transformations and a path to net-zero emissions before the end of the

Full

https://g4.globalreporting.org/specific-standard-disclosures/economic/economic-performance/Pages/G4-DMA.aspx


https://g4.globalreporting.org/specific-standard-disclosures/economic/economic-performance/Pages/G4-EC1.aspx

http://siteresources.worldbank.org/EXTABOUTUS/Resources/29707-1280852909811/IBRD_Jun_15.pdf

http://siteresources.worldbank.org/EXTABOUTUS/Resources/29707-1280852909811/IBRD_Jun_15.pdf

http://siteresources.worldbank.org/EXTABOUTUS/Resources/29707-1280852909811/IDA_Jun_15.pdf


http://www.worldbank.org/en/news/feature/2014/12/08/transforming-economy-achieve-zero-net-emissions

24

organization’s activities

due to climate change

century. The Bank is stepping up its mitigation, adaptation, and disaster risk-management work, and will increasingly look at all business through a climate lens.

Risks and opportunities and the subsequent financial implications of the Bank’s

activities due to climate change are reported through the Climate Disclosure Project.

For the complete report, see www.cdp.net.

G4-EC3

Coverage of the

organization’s defined

benefit plan obligations

As of June 30, 2015, the value of accrued pension liabilities for IBRD/IDA was $15.9 billion, supported by assets held in trust of $15.2 billion. The funded ratio (asset over liabilities) was 96 percent as of June 30, 2015.

Assets are evaluated at their fair value, and liabilities are measured as the Projected Benefit Obligation, discounted with high-quality corporate bonds rates. The two amounts are estimated in full compliance with the US accounting standard (ASC 715).

The World Bank offers its staff defined benefit plans. The Bank has established a Retirement Trust. As per the terms of the Staff Retirement Plan, all contributions, assets, property, funds, and income of the Staff Retirement Plan shall be transferred to the Retirement Trust and shall be held, administered, and maintained separately from the Bank’s other property and assets, solely to provide the benefits and pay the expenses of the Staff Retirement Plan. The employer contribution is based on a specified funding methodology and varies from year to year in response to changes in the plan financial position. Participants of the gross plan (closed plan) contribute 7 percent of the pensionable gross salary. Participants of the net plan (open to new entrants) contribute 5 percent of their net salary to the mandatory cash balance component. Participants to the net plan may choose to contribute up to an additional 6 percent of their net salary to the cash balance. Participation in the pension plan is mandatory.

Full

G4-EC4

Financial assistance

received from

government

World Bank member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policy makers at the World Bank. Generally, the governors are member countries’ ministers of finance or ministers of development.

They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund. The governors delegate specific

Partial

https://www.cdp.net/en-US/Results/Pages/Company-Responses.aspx?company=20801



25

duties to 25 executive directors, who work onsite at the Bank. The five largest shareholders appoint an executive director, while other member countries are represented by elected executive directors.

Member contributions: IBRD has a diversified shareholder base that supports IBRD’s

financial strength through both paid-in and callable capital. Callable capital can only be used in order to satisfy debt-holder claims. Members are responsible for the full amount of their callable capital subscriptions, regardless of others’ ability to fulfill their

obligations. For capital contributed by a member country see:

http://www.worldbank.org/en/about/leadership/VotingPowers

Trust funds: Generally accounted for separately from the Bank’s own resources, trust

funds are financial and administrative arrangements with external donors that lead to grant funding of high-priority development needs, such as technical assistance, advisory services, debt relief, post-conflict transition, and co-financing.

Taxes: As an organization established by international treaty, the World Bank receives tax-exempt status from its member countries.

G4-DMA

The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the ordinary sense, but a unique partnership formed to reduce poverty and support development. The Bank supports a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.

The Bank has established ambitious but achievable goals to galvanize international and national efforts: (1) strive toward reducing the extreme poverty rate to no more than 3 percent in 2030 and (2) promote shared prosperity by fostering income growth of the bottom 40 percent of the population in every country. It endeavors to pursue both of these goals in an environmentally, socially, and fiscally sustainable way. The World Bank Group’s Corporate Scorecard measures the progress on these goals. The results provide key sectoral and multisectoral results achieved by our clients with the support of World Bank Group operations in pursuit of the goals.

G4-EC7

Development and

impact of infrastructure

investments and

services supported

Infrastructure development—in the energy, water, transport, and information and communication technology sectors—is critical to create growth opportunities and to reduce poverty.

Full

http://www.worldbank.org/en/about/leadership/VotingPowers

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26

For further information about the portfolio of infrastructure projects financed by the

World Bank, see page 18 of The World Bank Annual Report: http://www.worldbank.org/en/about/annual-report.

G4-EC8

Significant indirect

economic impacts,

including the extent of

impacts

The World Bank works with its borrowing country members to achieve equitable and sustainable economic growth in their national economies and to find solutions to pressing regional and global problems in economic development and in other important areas, such as environmental sustainability. The Bank pursues its principal goals of overcoming poverty and improving standards of living primarily by providing loans, risk management products, and expertise on development-related disciplines, and by coordinating responses to regional and global challenges. The Bank’s financial resources are significant, but they are finite. Its knowledge is a valuable commodity. The more this knowledge is shared and the more new ideas germinate, the greater the potential for delivering solutions to the challenging and intractable development problems, leading to greater improvement. The Bank's scale, range, and diversity lie at the core of its specialized role as a key contributor to global development knowledge. The interaction of the Bank's broad knowledge base with lending operations is unique.

For a summary of our impacts, see page 6 of The World Bank Annual Report. For a

breakdown of the fiscal 2015 portfolio by theme, sector, and region, see "The Roles of

IBRD and IDA," on pages 54–59 of the Annual Report: http://www.worldbank.org/en/about/annual-report.

See the Corporate Scorecard for the Bank’s overall performance in the context of

development results.

Full

G4-DMA

Countries rely on healthy ecosystems and biodiversity to survive, grow enough food, and make a living. But the world is experiencing a dramatic loss of biodiversity, negatively affecting livelihoods, clean water supply, food security, and resilience to environmental disasters. This situation particularly affects the 75 percent of the world's poor who live in rural areas and often rely on ecosystems to make a living.

The World Bank works with countries around the world to conserve and sustainably use biodiversity. With a portfolio of 229 projects worth $1.078 billion in the 10 years from fiscal 2006 through 2015, the World Bank is one of the largest international financiers of biodiversity conservation and sustainable use.

The World Bank helps countries put policies in place so that biodiversity is valued as a key driver of sustainable development. It works with clients to improve their administration to better conserve and sustainably use their biodiversity. The Bank invests in those aspects of


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biodiversity services—such as watershed management and protected areas—that help countries achieve their development goals. The World Bank also helps countries find ways to generate revenues from biodiversity, such as tourism income, in addition to fighting wildlife crime. Biodiversity projects range from establishing and strengthening terrestrial, freshwater, and marine protected areas, to eradicating invasive alien species, to improving biodiversity management planning in the production landscape.

The World Bank does not support projects that involve the significant conversion or degradation of critical natural habitats. Wherever feasible, Bank-financed projects are sited on already converted lands. The Bank does not support projects involving the significant conversion of natural habitats unless there are no feasible alternatives for the project and its siting, and comprehensive analysis demonstrates that overall benefits from the project substantially outweigh the environmental costs. If the environmental assessment indicates that a project would significantly convert or degrade natural habitats, the project takes mitigation measures, including minimizing habitat loss and establishing and maintaining an ecologically similar protected area. In deciding whether to support a project with potential adverse impacts on a natural habitat, the Bank takes into account the borrower's ability to implement the appropriate conservation and mitigation measures.

A 2010 review of the Bank's safeguard policies regime by the Independent Evaluation Group found that 11 percent of projects triggered Operational Policy 4.04 on Natural Habitats. Among these, the policy was satisfactory in 72 percent of cases.

G4-EN13

Habitats protected or

restored

The Bank supports the protection, maintenance, and rehabilitation of natural habitats and their functions in its economic and sector work, project financing, and policy dialogue.

From fiscal 2006 to 2015, 87 projects supported habitat-protected or -restored areas, with a geographic emphasis on Latin America and the Caribbean region, with 31 projects, and Africa, with 29 projects. There were 16 projects in East Asia and the Pacific, 6 in Eastern and Central Asia, 2 in Middle East and North Africa, 2 in South Asia, and 1 other. Habitat restoration was supported through five projects (2 in Africa, 1 in East and Central Asia, 2 in Latin America and the Caribbean region).

Bank projects with natural habitat components include appropriate environmental expertise for project preparation, appraisal, and supervision arrangements to ensure adequate design and implementation of mitigation measures. Global and regional partnerships play an important role in promoting biodiversity conservation. Some of the key partnerships are as follows:

The Critical Ecosystems Partnership Fund (CEPF) has brought together the governments of France and Japan with the MacArthur Foundation, the

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European 1,900 civil society organizations to reduce threats to 22 critically endangered hotspots. The Global Tiger Initiative launched in 2008 has helped strengthen political ownership by the 13 tiger countries of their endangered tiger populations.

The Save our Species (SOS) Program seeks to leverage private sector engagement and funding for threatened species and has provided support to more than 200 species across 50 countries to date.

The International Consortium on Combating Wildlife Crime is a collaborative effort of five intergovernmental organizations to bring coordinated support to national wildlife law enforcement agencies and sub-regional networks.

For more information on the status of the projects, see:

http://www.worldbank.org/en/results/2013/04/09/biodiversity-sector-results-profile All figures are based on internal systems that track official lending and grant amounts.

G4-DMA

The World Bank has two ambitious goals: to eliminate extreme poverty and boost shared prosperity in a sustainable manner. Poverty, as the Bank recognizes it, encompasses lack of opportunities (including capabilities), lack of voice and representation, and vulnerability to shocks.

Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. GRMs create opportunities to resolve disputes before they escalate by offering a channel for citizens to express concerns, comments, and complaints. Beyond their benefits to citizens, GRMs can help the Bank and client improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability.

The Bank promotes human rights principles through the projects it supports, for example, improving poor people's access to health services, education, food, and water. Moreover, the Bank promotes the participation of project-affected people, including Indigenous Peoples, in decision making and participation; helps strengthen the accountability and transparency of governments to their citizens; and supports justice reform and fighting corruption. Although development projects are intended to bring about positive change, their implementation involves risks, and people or the environment can be adversely impacted. The Bank has policies to help avoid such unintended outcomes, but some problems may remain unrecognized or unaddressed. In such circumstances, citizens must speak out to bring attention to these problems. This can be done either through project-level Grievance Redress Mechanisms or the Bank’s corporate-level Grievance Redress Service (GRS), which was established in January 2015 to field complaints that could not be addressed at the country level. This mechanism complements the borrower’s project-level grievance mechanisms (where they exist), and the Board’s

Inspection Panel.

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The Environmental and Social Standards-Advisory Team (ESSAT) leads the Bank’s corporate work on grievance redress. GRS provides a consistent and systematic approach to the handling of complaints and conflict resolution across all IBRD/IDA operations. The work involves a number of the Bank's major initiatives, in particular, work on risk, results, and beneficiary feedback.

The Global Review of Grievance Redress Mechanisms found that half of all Bank projects featured a GRM in project-design documents. However, new research shows implementation challenges.

A major focus for the Bank in the future will be to further integrate grievance redress in all projects, increase support for implementation, and enhance collection and monitoring of grievances received and resolved across the project’s portfolio.

G4-EN34

Number of grievances

about environmental

impacts filed,

addressed, and resolved

through formal

grievance mechanisms

Data for this indicator are not available. Systems are being established to capture the data in a more comprehensive manner. Incomplete

G4-DMA

The Bank significantly promotes human rights principles in a range of areas, including: (1) improving poor people's access to health services, education, food, and water, (2) promoting the participation of project-affected communities, including Indigenous Peoples, in decision-making, (3) strengthening the accountability and transparency of governments to their citizens, and (4) supporting justice reform and fighting corruption. Thus, the Bank's role is facilitative, helping its members realize their human rights obligations.

The Bank screens each project proposed for financing to determine the appropriate extent and type of environmental and social analysis to be undertaken during project preparation, and whether the project may involve the use or application of other safeguard policies. Policies that may be triggered include: OP/BP 4.01, Environmental Assessment; OP/BP 4.04, Natural Habitats; OP 4.09, Pest Management; OP/BP 4.10, Indigenous Peoples; OP/BP 4.11, Physical Cultural Resources; OP/BP 4.12, Involuntary Resettlement; OP 4.36, Forests; and OP/BP 4.37, Safety of Dams. In addition, the Bank recognizes that gender issues are important dimensions of its poverty reduction, economic growth, human wellbeing, and development effectiveness agenda. OP/BP 4.20 establishes a country-level, strategic approach to mainstreaming gender issues in Bank work. For more information on gender issues, see: http://www.worldbank.org/en/topic/gender.

The Bank classifies the proposed project into one of four categories (A, B, C, and FI) depending on the type, location, sensitivity, and scale of the project, and the nature and magnitude of its potential environmental impacts. The borrower is responsible for any assessment required by the safeguard policies, with Bank staff providing general advice. Depending on the type of project and its safeguard policy category, the Bank project design incorporates into project development such issues as public consultation, environmental and social

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assessment social action plans, Indigenous Peoples’ action plans, and resettlement frameworks and action plans. The compliance forms part of the legal agreements for grants and loans.

In October 2012, the World Bank launched a review and update of its policies to protect people and the environment in its projects. The World Bank’s environmental and social safeguard policies contribute to sustainability and development effectiveness in Bank projects and programs by helping to avoid or mitigate harm to people and the environment. The goal of this review and update is to better align these policies with the changing needs and aspirations of borrowers, the external context, and the business of the Bank. The third phase of external consultations on the proposed Environmental and Social Framework (ESF) is now underway. For updates, see

http://consultations.worldbank.org/consultation/review-and-update-world-bank-safeguard-policies.

G4-HR1

Total number and

percentage of

significant investment

agreements and

contracts that include

human rights clauses or

that underwent human

rights screening

One hundred percent of proposed projects were appraised in accordance to requirements per the World Bank’s policies to protect the environment and humans

potentially affected by Bank-supported projects.

The Bank screens each proposed project to determine the appropriate extent and type of environmental and social analysis to be undertaken during project preparation and whether the project may involve the use or application of other safeguard policies.

Partial

G4-HR2

Total hours of employee

training on human

rights policies or

procedures concerning

aspects of human rights

that are relevant to

operations, including

the percentage of

employees trained

World Bank environmental and social safeguard policies are a cornerstone of our support to sustainable development and poverty reduction. The objective of these policies is to prevent and mitigate undue harm to people and their environment in the development process. In fiscal 2015, 144 hours (24 sessions) of training were delivered on Bank safeguard policies to 500 staff members in Washington, DC. In fiscal 2014, 180 hours (30 sessions) were delivered on Bank safeguard policies to 10 percent of Bank staff (750 staff members) in Washington, DC. In fiscal 2013, 156 hours (26 sessions) were delivered to 632 staff. In addition, various regional offices hosted training workshops (which are not included in these totals).

In 2009, the World Bank launched a knowledge and learning program—the Nordic Trust Fund—on human rights, with the objective to help staff better understand how human rights relate to the Bank's analytic and operational work. The multiyear, multi-donor trust fund also features an internal grant program in which Bank teams receive technical and financial support to explore the role of human rights in their particular project or task. The program was extended until 2019.

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For more information, see The Nordic Trust Fund-A Knowledge and Learning Program

for World Bank Staff on Human Rights.

G4-DMA

The World Bank recognizes that child labor is one of the most devastating consequences of persistent poverty. All standard World Bank bidding documents contain a clause prohibiting the use of child or forced labor in contracts financed under any World Bank projects. Staff in Bank-supported operations are required to assess social issues such as child labor within the environmental and social aspects of the projects to mitigate risk.

G4-HR5

Operations and

suppliers identified as

having significant risk

for incidents of child

labor, and measures

taken to contribute to

the effective abolition of

child labor

Concerns have been raised about the practice in Uzbekistan of using forced child and adult labor for cotton harvesting.

Projects that could potentially relate to cotton production in Uzbekistan include measures to prevent the occurrence of child or forced labor within the Bank-supported projects, and further seek to contribute to achieving this beyond the project boundaries. These include the following requirements: government compliance with national legislation that prohibits the use of child or forced labor; implementation of a third-party monitoring and feedback mechanism that focuses on child or forced labor issues in connection with the project activities or within the project area; the full collaboration of local authorities with the monitoring third party and the commitment to actions that ensure compliance will be taken promptly; a clear land-use strategy that eliminates incentives for using child or forced labor in the entire project area; and training, awareness, and outreach activities about labor legislation and the regulations against child or forced labor. Such measures are also reflected in binding project covenants in the relevant financing agreements. Independent of this, the Bank retains the right to exercise remedies in cases of borrower noncompliance with the financing agreement.

Since 2013, the Government of Uzbekistan has implemented a range of measures to fully eliminate child labor and reduce the risks of forced labor in the country. The World Bank has pursued intensive policy dialogue with the Government to address these issues in the context of broader agricultural sector reforms, and has developed a Support Program for Labor Reform in the Uzbekistan Cotton Sector, to be funded through a multi-donor trust fund. As part of this program, the Bank has partnered with

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the International Labor Organization, which will lead the efforts on third-party monitoring and setting up the feedback mechanism during the 2015 harvest.

For more information, see http://www.worldbank.org/en/news/speech/2014/06/10/q-a-

with-saroj-kumar-jha-regional-director-for-central-asia-on-the-world-banks-agriculture-

sector-policy-in-uzbekistan-in-the-context-of-child-and-forced-labor-concerns.

G4-DMA

Central to the Bank’s mission of reducing poverty and promoting sustainable development is ensuring that the development process fully

respects the dignity, human rights, economies, and cultures of Indigenous Peoples. The Bank recognizes that the identities and cultures of Indigenous Peoples are inextricably linked to the lands on which they live and the natural resources on which they depend. These distinct circumstances expose Indigenous Peoples to different types of risks and levels of impacts from development projects, including loss of identity, culture, and customary livelihoods. Gender and intergenerational issues among Indigenous Peoples also are complex. As social groups with identities that are often distinct from dominant groups in their national societies, Indigenous Peoples are frequently among the most marginalized and vulnerable segments of the population. As a result, their economic, social, and legal status often limits their capacity to defend their interests in and rights to lands, territories, and other productive resources, or restricts their ability to participate in and benefit from development. At the same time, the Bank recognizes that Indigenous Peoples play a vital role in sustainable development and that their rights are increasingly being addressed under both domestic and international law.

The World Bank policy on Indigenous Peoples, OP/BP 4.10, Indigenous Peoples, underscores the need for borrowers and Bank staff to identify Indigenous Peoples, consult with them, and ensure that they participate in and benefit from Bank-funded operations in a culturally appropriate way. It also emphasizes that adverse impacts on them are avoided or, where not feasible, minimized or mitigated. For all projects that are proposed for Bank financing and involve Indigenous Peoples, the Bank requires the borrower to engage in a process of free, prior, and informed consultation. The Bank provides project financing only where there is broad community support to the project by the affected Indigenous Peoples.

In 2012, the World Bank began a process to update the Bank’s environmental and social safeguard policies, in an effort to better address new development challenges and reflect current international good practice. Part of the ongoing review is a Global Dialogue and Engagement process with Indigenous Peoples that aims to include Indigenous Peoples in the ongoing Review and Update of the World Bank’s Environmental and Social Framework (ESF), and to strengthen World Bank support to and engagement with Indigenous Peoples. The consultations on the proposed framework have included a number of dedicated Indigenous Peoples Dialogue sessions that have yielded important results in terms of participation, information gathered, and the beginning of a renewed and stronger relationship with Indigenous Peoples. For more information, see http://www.worldbank.org/indigenouspeoples.

http://www.worldbank.org/en/news/speech/2014/06/10/q-a-with-saroj-kumar-jha-regional-director-for-central-asia-on-the-world-banks-agriculture-sector-policy-in-uzbekistan-in-the-context-of-child-and-forced-labor-concerns



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For more information on the safeguards review process, see https://consultations.worldbank.org/consultation/review-and-update-world-

bank-safeguard-policies.

G4-HR8

Total number of

incidents of violations

involving rights of

indigenous peoples and

actions taken

In fiscal 2015, two projects were processed under the pilot approach for early solutions. Paraguay: Sustainable Agriculture and Rural Development Project was closed in March, and Kenya: Electric Expansion Project was investigated and is under review.

For more information, see case updates on Inspection Panel website

http://www.worldbank.org/inspectionpanel.

Full

G4-DMA


Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. GRMs create opportunities to resolve disputes before they escalate by offering a channel for citizens to express concerns, comments, and complaints. Beyond their benefits to citizens, GRMs can help the Bank and clients improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability.

The Bank promotes human rights principles through the projects it supports, for example, improving poor people’s access to health services, education, food, and water. Moreover, the Bank promotes the participation of project-affected people, including Indigenous Peoples, in decision making and participation; helps strengthen the accountability and transparency of governments to their citizens; and supports justice reform and fighting corruption. Although development projects are intended to bring about positive change, their implementation involves risks, and people or the environment can be adversely impacted. The Bank has policies to help avoid such unintended outcomes, but some problems may remain unrecognized or unaddressed. In such circumstances, citizens must speak out to bring attention to these problems. This can be done either through project-level Grievance Redress Mechanisms or the Bank’s corporate-level Grievance Redress Service (GRS), which was established in January 2015 to field complaints that could not be addressed at the country level. This mechanism complements the borrower’s project-level grievance mechanisms (where they exist) and the Board’s

Inspection Panel.

The Environmental and Social Standards-Advisory Team (ESSAT) leads the Bank's corporate work on grievance redress. GRS provides a consistent and systematic approach to the handling of complaints and conflict resolution across all IBRD/IDA operations. The work involves a number of the Bank's major initiatives, in particular, work on risk, results, and beneficiary feedback.


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A major focus for the Bank in the future will be to further integrate grievance redress in all projects, increase support for implementation, and enhance collection and monitoring of grievances received and resolved across the project’s portfolio.

G4-HR12

Number of grievances about human rights impacts filed, addressed, and resolved through formal grievance mechanisms

Data for this indicator are not available. Systems are being established to capture the data in a more comprehensive manner. Partial

G4-DMA

The very nature of the World Bank's mission is to positively impact communities through investments in education, health, public administration, infrastructure, financial and private-sector development, agriculture, and environmental and natural resource management.

Our stakeholders are consulted at different points throughout our projects and policy development. In recent years, the World Bank has increasingly focused on lending to community-driven development (CDD) programs in order to let communities lead their own development. This process lets communities identify their own development priorities, design the relevant response, manage project funds, hire contractors, and, on completion of construction, manage and sustain the project. CDD approaches have been used to support a range of local development and service delivery needs identified by communities themselves, including water supply and sanitation, school and health facilities construction, rural roads, bridges and other access infrastructure, nutrition programs for mothers and infants, and support for livelihoods and microenterprises.

Worldwide, CDD has attracted a growing body of robust impact and other evaluations demonstrating results, and the portfolio has become much more closely monitored, using, among other technologies, geo-tagging and SMS-based grievance redress systems. Robust impact evaluations generally find positive evidence of poverty reduction, targeting of the poor, and increased access to services; evidence is limited or mixed on these programs’ effect on governance, social capital spillovers (such as local collective action or trust among members), and conflict impact.

Increased training, knowledge exchange, and quality assurance (through the Global Solutions Group) improves program designs, and increased evaluations and analytical work advances the approach.

G4-SO1

Percentage of

operations with

implemented local

community

engagement, impact

Community-driven development (CDD) programs operate on the principles of local empowerment, participatory governance, demand responsiveness, administrative autonomy, greater downward accountability, and enhanced local capacity. Experience has shown that when given clear explanations of the process, access to information and appropriate capacity, and financial support, poor men and women can effectively

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assessments, and

development programs

organize to identify community priorities and address local problems by working in partnership with local governments and other supportive institutions.

The World Bank recognizes that CDD approaches and actions are important elements of an effective strategy for poverty reduction and sustainable development. Over the past decade, the Bank has increasingly focused on lending to CDD programs to reach local communities directly. The Bank has used the CDD approach across a range of countries and contexts (particularly fragile and conflict affected, and post-disaster) to support a variety of urgent needs, including water supply and sanitation, school and health facilities construction, rural roads, bridges and other access infrastructure, nutrition programs for mothers and infants, and support for livelihoods and microenterprises.

In fiscal year 2015, the total amount of financing going to communities and local governments as grants or loans through this program was approximately $1.8 billion (a decrease from $2.8 billion in fiscal year 2014, when several large-scale projects were approved).

G4SO2

Operations with

significant actual and

potential negative

impacts on local

communities

The Bank undertakes screening of each proposed project to determine the appropriate extent and type of environmental and social analysis, including the use of Environmental Assessment, to be undertaken during project preparation and whether the project may involve the use of application of other safeguard policies. The Bank classifies the proposed project into one of four categories (A, B, C, and FI) depending on the type, location, sensitivity, and scale of the project and the nature and magnitude of its potential environmental impacts.

The borrowing-country government is responsible for any assessments required by the safeguard policies; World Bank staff members provide general advice. The Legal Department monitors compliance with policies that involve international law, such as those for international waterways and disputed areas.

In fiscal 2015, a total of 464 projects were screened, 43 were

EA Category FY13 FY14 FY15

Category A 32 47 43 Category B 225 284 277 Category C 135 179 135 FI 12 8 9 Total 404 518 464

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classified as Category A, 277 as Category B, 135 as category C, and 9 as FI. For more

information on the Bank project cycle, see http://www.worldbank.org/projects..

G4-DMA

Critical to the World Bank’s mission is a well-functioning public sector that delivers quality public services consistent with citizen preferences and fosters private, market-led growth, while managing its fiscal resources in a prudent manner. Bank operations across sectors systematically incorporate governance and anticorruption measures into project design. The objective is to better manage corruption and fiduciary risks and ensure that development funds are used for their intended purposes. The World Bank’s Integrity Vice

Presidency (INT) plays an important role in this respect.

INT investigates allegations of fraud and corruption in World Bank–supported activities (external investigations), as well as allegations of significant fraud and corruption involving Bank staff and vendors (internal investigations). INT also pursues sanctions against firms and individuals who have engaged in sanctionable misconduct. The resulting debarments prevent these parties from participating in future Bank-financed projects and serve as a deterrent to other potential wrongdoers.

Within INT, the Integrity Compliance Office works closely with sanctioned entities to promote the adoption and implementation of corporate compliance standards consistent with the World Bank Group’s Integrity Compliance Guidelines. Sanctioned entities must satisfy certain compliance conditions in order to be released from sanction. At the end of this fiscal year, the Integrity Compliance Office was engaging with 40 entities regarding their efforts toward satisfaction of their compliance conditions. By combining investigations with an enhanced focus on compliance, detection of red flags, and building preventive measures in projects, INT promotes a proactive approach to managing fraud and corruption risks. It is vital to manage these risks in an efficient and effective manner as they can impact development resources, particularly in fragile contexts and high-risk sectors.

G4-SO3

Total number and

percentage of

operations assessed for

risks related to

corruption and the

significant risks

identified

In fiscal 2015, INT received 323 complaints about possible fraud and corruption in World Bank–financed projects, leading to 99 new investigations. Among those reporting allegations of possible misconduct were 25 government officials in countries of operations and 89 Bank Group staff. The investigations that substantiated sanctionable misconduct in fiscal 2015 involved 61 projects and 93 contracts worth about $540.9 million.

Approximately 58 percent of the cases involved contracts in excess of $2 million. Approximately $138 million spread across 20 contracts was not awarded to companies because the wrongdoing was detected prior to contract award—in most cases as a result of the Project Implementation Unit (PIU) or World Bank due diligence. Of the 25

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cases involving Bank Group staff initiated in fiscal 2014, 11 were completed/resolved in fiscal 2015 (10 were completed/resolved in fiscal 2014, and the remaining four carried over to fiscal 2016.

Within INT, the Preventive Services Unit (PSU) worked with more than 200 Task Teams across the World Bank Group’s six regions. PSU assisted 94 Task Teams in building precautions against fraud and corruption in their projects. Considerable efforts were devoted to the development of knowledge products, in particular, improved data analytics, resulting in the first Integrity Risk Scan. Thanks to PSU’s business

intelligence, integrity risks were identified before they materialized and allowed for instituting targeted controls.

G4-SO4

Communication and

training on

anticorruption policies

and procedures

Ninety-five government officials who are members of the International Corruption Hunters Network (ICHA) participated in four webinars. Training was provided to Bank staff as well as project-implementation officials, including on lessons learned from investigative work and early detection of red flags in projects. In fiscal 2015, more than 1,100 staff and PIU officials attended training programs covering integrity issues. These trainings were conducted both in Washington, DC, and in the field.

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G4-DMA


Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. GRMs create opportunities to resolve disputes before they escalate by offering a channel for citizens to express concerns, comments, and complaints. Beyond their benefits to citizens, GRMs can help the Bank and clients improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability.

The Bank promotes human rights principles through the projects it supports, for example, improving poor people’s access to health services, education, food, and water. Moreover, the Bank promotes the participation of project-affected people, including Indigenous Peoples, in decision making and participation; helps strengthen the accountability and transparency of governments to their citizens; and supports justice reform and fighting corruption. Although development projects are intended to bring about positive change, their implementation involves risks, and people or the environment can be adversely impacted. The Bank has policies to help avoid such unintended outcomes, but some problems may remain unrecognized or unaddressed. In such circumstances, citizens must speak out to bring attention to these problems. This can be done either through project-level Grievance Redress Mechanisms or the Bank’s corporate-

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level Grievance Redress Service (GRS), which was established in January 2015 to field complaints that could not be addressed at the country level. This mechanism complements the borrower’s project level grievance mechanisms (where they exist), and the Board’s

Inspection Panel.

The Environmental and Social Standards-Advisory Team (ESSAT) leads the Bank’s corporate work on grievance redress. GRS provides a consistent and systematic approach to the handling of complaints and conflict resolution across all IBRD/IDA operations. The work involves a number of the Bank’s major initiatives, in particular, work on risk, results, and beneficiary feedback.


A major focus for the Bank in the future will be to further integrate grievance redress in all projects, increase support for implementation, and enhance collection and monitoring of grievances received and resolved across the projects’ portfolios.

G4-SO11


about impacts on

society filed, addressed,

and resolved through

formal grievance

mechanisms

Data for this indicator is not available. Systems are being established to capture the data in a more comprehensive manner. Partial

G4-DMA

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense, but a unique partnership to reduce poverty and support development. We support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Bank stakeholders look to the institution, as a lending facility, to have policies and procedures in place that assess and screen environmental and social risks in its lending portfolio.

In 2013, the World Bank adopted a new World Bank Group Strategy focused on aligning all of the institutions’ work with the twin goals of

eliminating extreme poverty and boosting shared prosperity in a sustainable manner. The two goals are now at the heart of the World Bank Group’s work. A newly developed World Bank Group Corporate Scorecard is monitoring implementation and aggregating the contributions of all the World Bank Group institutions.

On a day-to-day basis, in close partnership with country government counterparts and their stakeholders, Bank staff members shape the role, financial products, and technical and advisory services to the unique development needs and capacities of each country client. Thus, interactions with clients, investees, and business partners regarding environmental and social risks and opportunities form the foundation of

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the Bank’s advisory and loan services. The Bank’s environmental and social safeguard policies are the cornerstones of the financial, technical, and advisory services; they are applied to prevent and mitigate impacts and risks to people and their environment in the development process. There are 10 safeguard policies: Environmental Assessment, natural habitats, forests, pest management, physical cultural resources, dam safety, Indigenous Peoples, involuntary resettlement, international waterways, and disputed areas. Without these safeguards, the positive effects of the development work can be severely diminished. These policies provide mandatory guidelines for Bank and borrower staffs in the identification, preparation, and implementation of investment programs and projects. The World Bank is currently in the process of reviewing, updating, and strengthening its environmental and social safeguards for the projects it finances. This review is currently in its third phase. For more information, see http://consultations.worldbank.org/consultation/review-and-update-world-bank-

safeguard-policies.

FS1

Policies with specific

environmental and

social components

applied to business

lines

The World Bank’s environmental and social safeguard policies are a cornerstone of the institution’s support to sustainable development and poverty reduction. There are 10 safeguard policies: Environmental Assessment, natural habitats, forests, pest management, physical cultural resources, dam safety, Indigenous Peoples, involuntary resettlement, international waterways, and disputed areas.

These policies aim to prevent and mitigate impacts and risks to people and their environment in the development process. These policies provide mandatory guidelines for Bank and borrower staffs in the identification, preparation, and implementation of investment programs and projects.

The effectiveness and development impact of projects and programs supported by the Bank has substantially increased as a result of attention to these policies. Safeguard policies have often provided a platform for the participation of stakeholders in project design, and have been an important instruments for building ownership among local populations. All safeguard policies are approved by the Board of Directors.

For more information on key risks, opportunities, and impacts that the individual policies

address, see Bank Safeguard Policies at http://worldbank.org/safeguard.

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FS2

Procedures for

assessing and

screening

environmental and

The Bank undertakes screening of each proposed project to determine the appropriate extent and type of environmental and social analysis, including the use of Environmental Assessment, to be undertaken during project preparation and whether the project may involve the use or application of other safeguard policies. The Bank classifies the proposed project into one of four categories (A, B, C, and FI) depending on the type,

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social risks in business

lines

location, sensitivity, and scale of the project and the nature and magnitude of its potential environmental impacts. The borrower is responsible for any assessment required by the safeguard policies, with general advice provided by Bank staff. In general, a World Bank environmental and social specialist is assigned to each project with the potential to have environmental and social impact or risk in its design and planning stage. A sector manager who is responsible for a collection of projects, most often in sector and regional associations, oversees this process.

As the project moves through design, the Bank works with the clients to understand the technical features of each project and, in partnership with borrowers, works to develop approaches for addressing these impacts as risks as required in the suite of World Bank safeguards policies. For category A and B projects, there is also involvement by the Regional Safeguard Advisor and his or her team or unit. Higher-risk projects must submit a series of “safeguard documents” to identify and explain how the borrower will undertake safeguard requirements. Several quality-control and review committees, such as the Regional Operational Committee (ROC), meet to agree on processes. Finally, the Board of Directors must approve all projects. Those approvals also require submission or summaries of any environmental assessment and social safeguards documents. Information is shared with all decision makers and stakeholders.

These thresholds are based on environmental and social impact and risk defined in the safeguards policies and the Environmental Health and Safety Guidelines.

For more information on procedures for assessing and screening environmental and

social risks, see Bank Safeguard Policies at http://worldbank.org/safeguard.

FS3

Processes for

monitoring clients'

implementation of and

compliance with

environmental and

social requirements

included in agreements

or transactions

The Bank uses its Implementation Status and Supervision Reports to track safeguards implementation.

Monitoring of clients’ compliance with implementing the environmental and social requirements included in the loan agreement of a specific project is part of regular project supervision. Supervision missions of projects are carried out at a minimum twice a year, or more frequently as determined on a project-specific basis, and include staff with appropriate environmental and social expertise. For more complex projects, staff members from the regional safeguards units are included. The Bank’s Operations Risk Management Department (OPSOR), housed within the Operations Policy and Country

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Services (OPCS) Vice Presidency, supports the regions and assures that the Bank’s safeguards are applied in a uniform manner across regions. Environmental and social management frameworks include provisions for grievance mechanisms by which stakeholders can bring concerns forward and settle arising disputes. In addition, stakeholders can bring concerns to the independent Inspection Panel, a permanent body reporting to the Board of Executive Directors, to ensure accountability of the World Bank and investigate complaints about harm stemming from policy violations.

Most often, Bank environmental and social specialists work with the project Task Team and borrowers to identify noncompliance issues and provide suggestions and procedures for bringing projects into compliance. Remedies are also available as needed.

During project supervision, both environmental and social specialists undertake project site visits and consult with numerous stakeholders. When safeguard issues of concern are encountered, the Bank engages in discussions with the borrower to arrive at mutually agreed courses of action that are both time bound and identify responsible parties. These actions are documented in the Aide Memoire and regularly in technical back-to-office reports.

FS4

Processes for

improving staff

competency to

implement the

environmental and

social policies and

procedures as applied

to business lines

The World Bank is carrying out a range of regular programs as well as tailored trainings for staff and borrowers on the application of its safeguards policies, best practices, case studies, and lessons learned. The safeguards team offers weekly workshops on applying safeguard policies and each regional vice presidency offers trainings on safeguard policies. In addition, an accreditation course has been established for environment specialists advising teams on environmental safeguards during project preparation and supervision. The purpose of accreditation is to ensure that the Bank’s environmental safeguards policies are consistently applied during project preparation and supervision and to confirm broader environmental expertise by the accredited staff. A similar accreditation course has been established for social safeguards staff.

In addition, Safeguards Training Modules introduce the basic concepts of safeguards and also contain specific case studies and operational examples to provide richer understanding of how safeguards are applied. A unique safeguards E-learning module is provided for all Task Team Leaders.

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Each regional safeguards unit also conducts a series of demand-driven safeguards training across various themes and for different staff audiences. These include “just in

time” clinics, brown bag seminars, and face-to-face safeguards clinics on topics, such as use of frameworks, voluntary land donation, developing environmental contract clauses for EMPs, and resettlement workshops. These training sessions are provided both in a central regional location for multiple attendees and in specific countries for country staff. Newer delivery tools have also included webinars. Special manager's safeguards trainings have also been completed. Several regions also conduct safeguards trainings and sharing of experiences across other international financial institutions partners. All staff who take the Bank Core Curriculum Course are required to take the Safeguards Training Modules.

Additional mentoring and partnerships across Bank safeguards staff is available as needed.

FS5

Interactions with clients,

investees, or business

partners regarding

environmental and

social risks and

opportunities

The World Bank is a development institution, providing low- or no-interest loans (credits) and grants to low-income countries, middle-income countries, and small and fragile states. Working closely with country government counterparts and their stakeholders, Bank staff members shape its role, financial products, and technical and advisory services to the unique development needs and capacities of each country client. Thus, interactions with clients, investees, and business partners regarding environmental and social risks and opportunities form the foundation of the Bank’s advisory and loan services.

All regional safeguards units conduct various client safeguard capacity-building processes. Many projects use the project kickoff meeting to review the agreements and provisions for safeguards with formal and informal trainings. In many countries, the government Project Implementation Unit attends special safeguards training organized by the Bank safeguards staff.

Both the safeguards anchor and the regional safeguards advisors track the status of safeguards applications across their respective portfolios. When particular safeguards issues of concern appear common, there can be a special safeguards review, an assessment of desk review. In certain cases, one or several environmental and social safeguards specialists undertake a country visit and conduct site visits with safeguards training to help improve safeguards implementation or to correct past shortcomings.

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When needed, there are formal face-to-face workshops, project implementation safeguards training in the field with project stakeholders, consultations by lead safeguards specialists, and rapid-response project visits to deal with high-risk issues of concern.

Borrower safeguards implementation reports are Bank-required supervision reports summarizing borrower progress on an annual, biannual, or quarterly basis depending on project safeguards risk. Submission of Environmental Social Impact Assessment and ESMP reports during project implementation is required for Bank review and clearance.

There are regular supervision mission meetings designated for the year, as well as end- of-supervision mission meetings between Bank and borrowers, and discussions of Bank safeguards specialists and project-implementation safeguards managers or project- contract safeguards supervisors and technicians.

FS6

Percentage of the

portfolio for business

lines by specific region,

size, and by sector

World Bank lending commitments for development support totaled $42.5 billion in fiscal 2015.

New lending commitments by IBRD totaled $23.5 billion for 112 operations in fiscal 2015. This volume was higher than the precrisis historical average ($13.5 billion a year in fiscal 2005–08) and $18.6 billion in fiscal 2014. As of June 30, 2015, net commitments in IBRD’s active portfolio stood at $96.8 billion. IBRD also offers financial products that allow clients to efficiently fund their development programs and manage risks related to currency, interest rates, commodity prices, and natural disasters. In fiscal 2015, the Bank’s Treasury executed U.S. dollar equivalent (USDeq) 3.3 billion in

hedging transactions on behalf of member countrie—including USDeq 2.0 billion in interest-rate conversions and USDeq 1.2 billion in currency conversions—to assist borrowers in managing interest-rate and currency risks over the life of their IBRD loans. In addition, the Bank’s Treasury executed swap transactions totaling USDeq 24 billion to manage the risks of IBRD’s balance sheet and USDeq 727 million to manage the risks of IDA’s balance sheet.

IDA commitments amounted to $19.0 billion for 190 operations in fiscal 2015, including $15.9 billion in credits, $2.4 billion in grants, and $600 million in guarantees. As of June 30, 2015, net commitments in IDA’s active portfolio were $91.4 billion. IDA is financed largely by contributions from partner governments. Additional financing comes from

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transfers from IBRD’s net income, grants from the International Finance Corporation

(IFC), and borrowers’ repayments of earlier IDA credits. Under the IDA17

Replenishment, which covers fiscal 2015–17, total resources amount to 33.7 billion in Special Drawing Rights (equivalent to $50.8 billion).

For more information, see The World Bank Annual Report,

http://www.worldbank.org/en/about/annual-report.

FS7

Monetary value of

products and services

designed to deliver a

specific social benefit

for each business line

World Bank lending can have both social and environmental benefit and is not divided into these categories. Lending by theme and sector is available in the Annual Report

section "World Bank Lending by Theme and Sector." See

http://www.worldbank.org/en/about/annual-report. Full

FS8

Monetary value of

products and services

designed to deliver a

specific environmental

benefit for each

business line

World Bank lending can have both social and environmental benefit and is not divided into these categories. Lending by theme and sector is available in the Annual Report section "World Bank Lending by Theme and Sector." See

http://www.worldbank.org/en/about/annual-report. Full

G4-DMA

Two entities hold responsibilities for assessing and monitoring the Bank Group’s effectiveness:

The Internal Audit Vice Presidency (IAD) has an independent and objective assurance advisory function designed to add value by assessing whether governance, risk management, and control processes of the Bank Group are effective in achieving the organization’s goals. IAD also provides advice to management in developing control solutions, and monitors the implementation of management actions to mitigate risks and strengthen controls.

The Independent Evaluation Group (IEG) is responsible for appraising the WBG operations self-evaluation and development risk- management systems, and attesting to their adequacy to the Board of Executive Directors. To this end, IEG periodically reviews the relevance, effectiveness, and efficacy of key operational policies, such as the environmental and social safeguards framework for WBG lending. For more information, see IEG’s website: http://ieg.worldbank.org.






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45

FS9

Coverage and frequency

of audits to assess

implementation of

environmental and

social policies and risk

assessment procedures

Audits assess implementation of environmental and social policies and risk-assessment procedures periodically.

IAD carried out an Advisory Review of the Bank’s Environment and Social Risk Management in fiscal 2014, and continues to monitor the implementation of management action plans that were developed subsequently. In fiscal 2015, IAD focused on key areas in the World Bank Group strategy and the institutional change agenda. This included auditing the Bank’s monitoring the delivery of analytical and

advisory services; auditing the implementation of the new Human Resources (HR) information system; advising management on the staffing approach for country management units, in the context of the broader expenditure review; and advising on the Bank Group’s adoption of cloud computing.

IEG carried out a review of the World Bank safeguards policy framework in October 2010. To read the report, see IEG’s website: http://ieg.worldbank.org.

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G4-DMA

The World Bank values the diversity, health, safety, and security of its 12,000 full-time staff and 4,000 short-term consultants, who work in Washington, DC, and in 136 countries worldwide. The institution’s diverse workforce brings a wide range of perspectives to bear on

poverty-reduction issues and emerging development challenges. It is critical to the effectiveness of the Bank’s core operational and

knowledge services. Our staff diversity is a strategic business asset that directly contributes to achievement of our two goals: reducing extreme poverty and boosting shared prosperity.

To that end, it is important that the Bank employs the right people in the right place with the right skills at the right time. To deliver on that commitment, HR Strategy has five critical components: (1) building a culture of performance and accountability, (2) driving a more effective organization, (3) fostering a more diverse and inclusive workforce, (4) creating career opportunities, and (5) ensuring HR excellence and business-driven delivery.

As the Bank retools to increase its delivery and responsiveness to its clients, Human Resources has played a pivotal role in the transition of staff from the earlier structure to the new Global Practices. Looking forward, the Bank will continue to make aligning staffing and skills to the World Bank Group Strategy a priority.

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G4-EC5

Ratios of standard entry

level wage by gender

compared to local

minimum wage at

significant locations of

operation

To recruit and retain highly qualified staff, the World Bank has developed a compensation and benefits system designed to be internationally competitive, to reward performance, and to take into account the special needs of a multinational and largely expatriate staff. The Executive Directors annually review the staff salary structure and, if warranted, the salary structure is adjusted on the basis of a comparison with salaries paid by private financial and industrial firms and by representative public sector agencies in the US market. The salary structure is reported according to job position for Washington, DC, staff, which comprises more than 60 percent of total staff. Salary structure is not disclosed according to gender. Remuneration of executive management, Executive Directors, and staff are disclosed in The World Bank Annual Report.

For more information, see http://www.worldbank.org/en/about/annual-report.

Partial

G4-EC6

Proportion of senior

management hired from

the local community at


operation

In fiscal 2015, three out of 173 managers at director level and above (professional grade GI+) were locally hired to work within countries where World Bank offices are located. Out of all 502 managers (professional grade GH+) on board, nationals of countries defined as Part II (roughly equivalent to developing countries) account for 42 percent of management positions. Sub-Saharan African and Caribbean nationals, a criterion used as proxy for race, represented 12 percent of management positions.

For information about the Bank’s career tracks, see www.worldbank.org/jobs.

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G4-DMA

Energy is a key input to the World Bank’s business operations. Through investor questionnaires, stakeholders have identified energy as an important aspect for the Bank’s business. The purchase and use of energy can have various impacts because of the extraction of materials from the earth’s crust and the production of persistent toxic emissions from the combustion of fuels. Combustion of fossil fuels can have severe health impacts on people. Moreover, the purchase and use of energy affects the expense-to-business revenue ratio. The World Bank manages its energy use carefully by tracking use in each owned facility on a monthly basis. Quarterly tracking of the Bank’s energy

use is evaluated by the Director of General Services. This metric is part of the Corporate Real Estate manager’s performance objectives.

Energy use is evaluated both as an absolute figure as well as on an intensity basis to determine progress.

Data from Country Offices lag by one year; therefore, all fiscal 2014 data (including that from HQ) is presented in the 2015 GRI Index.

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G4-EN3

Energy consumption

within the organization

The World Bank purchases natural gas, propane, and diesel fuel for combustion onsite. In fiscal 2014, total global fuel use was 92,793 gigajoules (GJ). The portion of this fuel consumption from renewable resources is not tracked, because data from fuel providers are not appropriately detailed.

In fiscal 2014, global energy use decreased by 5 percent. Of the total global energy use of 519,589 GJ, the Bank used 420,951 GJ in electricity; 5,817 GJ in steam; 28 GJ in cooling; and 18,704 GJ in heating, including natural gas and propane. The remainder was from diesel and other fuel consumption for energy generation. The World Bank does not sell any electricity, heating, cooling, or steam.

Of the total 519,589 GJ of global energy use in fiscal 2014, offices located in and near Washington, DC, used 337,744 GJ, compared with 344,988 GJ in fiscal 2013; 404,480 GJ in 2012; and 400,834 GJ in fiscal 2011. In fiscal 2014, the Bank’s 127 Country

Offices consumed a total of 181,845 GJ of energy, a decrease from 203,184 GJ in 2013. Country Offices consumed 179,124 GJ in fiscal 2012 and 150,203 GJ of energy in fiscal 2011.

Information regarding World Bank standards, methodologies, and assumptions used, including conversion factors, can be found in the World Bank Group’s Inventory

Management Plan for fiscal 2014. For more information, see

http://www.worldbank.org/corporateresponsibility.

Full

G4-EN4

Energy consumption

outside of the

organization

Energy consumption outside the organization includes fuel used in contractor-owned vehicles as well as commercial airlines used for employee business travel. In fiscal 2014, 21,900 GJ stemmed from contractor vehicles, compared to 14,636 GJ in fiscal 2013 and 16,295 GJ in fiscal 2012, mostly because of improved data collection techniques. Data for fuel use in commercial airliners are not available.

Information regarding World Bank standards, methodologies, and assumptions used, including conversion factors, can be found in the World Bank Group’s Inventory

Management Plan for fiscal 2014. For more information, see:

http://www.worldbank.org/corporateresponsibility.

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G4-EN5 Energy intensity

Energy intensity decreased in fiscal 2014, with the World Bank using 0.88 GJ of energy per square meter. In fiscal 2013, the World Bank used 0.95 GJ of energy per square meter, which was an increase over 0.93 GJ per square meter in fiscal 2012. This is based on 548,795 total square meters in fiscal 2014. This ratio includes all energy (onsite combustion fuel, electricity, heating, cooling, and steam) except for energy consumption outside of the organization.

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G4-EN6

Reduction of energy

consumption

In fiscal 2014, the Bank reduced its energy consumption by 28,583 GJ.

In the Bank’s main headquarters building, savings from the replacement of the legacy central chiller plant began to be realized, resulting in a reduction of energy consumption of 5,845 GJ in the building based on utility data. Further savings potential will be realized as the optimization program continues. In other Bank headquarters buildings, LED lamps replaced various fluorescent and halogen bulbs throughout the buildings, resulting in savings of nearly 500 GJ.

In the Bank’s Lebanon office, several efficiency upgrades, including LED lighting, solar air conditioning, and other technologies, have resulted in savings of 100 GJ per year based on modeled reduction calculations.

Reduction reporting is based on major initiatives taken in fiscal 2014 as related to achieving reductions from the fiscal 2010 base year.

Methodologies and assumptions for calculating reductions are specific to each initiative and are sourced from engineering proposals.

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G4-DMA

Addressing climate change is part of the World Bank’s core mission of helping countries end extreme poverty and boosting shared prosperity. Climate change threatens to erode development gains around the world—and its effects will be greatest on the poorest and most vulnerable countries, which are the World Bank’s clients.

As a demonstration of its corporate commitment to addressing climate change, the Bank continues to deepen its efforts to measure, reduce, offset, and report its greenhouse gas (GHG) emissions associated with its global internal operations, including its facilities, key meetings, and corporate air travel. The Bank has measured the GHG emissions from its facilities in Washington, DC, since 2005 and globally since 2007. Emissions data are collected and emissions are calculated in accordance with the World Resources Institute and World Business Council for Sustainable Development’s GHG Protocol, with additional information on proxies, emissions factors, and the



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complete boundary available in the annually updated World Bank Group’s Inventory Management Plan. A third party regularly verifies the Inventory Management Plan and the GHG inventory to ensure they meet international best practices.

Data from country offices lag by one year; therefore, fiscal 2014 data (including that from HQ) is presented in the 2015 GRI Index.

G4-EN15

Direct greenhouse gas

(GHG) emissions

(Scope 1)

The World Bank measures direct GHG emissions for its internal operations based on site-specific data for facilities. Estimates are made for those facilities with missing data.

In fiscal 2014, total gross direct (Scope 1) GHG emissions equaled 9,333 mtCO2e.

For the World Bank’s US facilities, Scope 1 GHG emissions were 1,181 metric tons in

fiscal 2014, compared to base-year (fiscal 2010) emissions of 1,615 mtCO2e. Scope 1 GHG emissions from Country Office facilities and vehicles were estimated to be 8,152 mtCO2e in fiscal 2014, compared to base-year emissions of 4,228 mtCO2e in fiscal 2010. The increase in Country Office emissions was due to improved measurement practices. Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3, as detailed in the Inventory Management Plan, and no biogenic CO2 emissions. Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the World Bank Group’s Inventory Management Plan for fiscal 2014.

For more information, see: http://www.worldbank.org/corporateresponsibility

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G4-EN16

Energy indirect

greenhouse gas (GHG)

emissions (Scope 2)

The World Bank measures indirect GHG emissions for its internal operations based on site-specific data for facilities. Estimates are made for those facilities with missing data.

In fiscal 2014, Scope 2 emissions from the Bank’s global offices reduced slightly, to

54,648 mtCO2e.

In fiscal 2014, Scope 2 emissions from Washington, DC, facilities totaled 40,670 mtCO2e, compared to base-year emissions of 46,756 mtCO2e in fiscal 2010. Scope 2 emissions from Country Offices include emissions from purchased steam and chilled water in addition to purchased electricity. In fiscal 2014, these emissions totaled 13,979 mtCO2e, compared to base-year emissions of 13,790 in fiscal 2010. Data from Country Offices lag by one year.

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Information on base-year selection can be found in the Inventory Management Plan. Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3, as detailed in the Inventory Management Plan, and no biogenic CO2 emissions. Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the World Bank Group’s Inventory

Management Plan for fiscal 2014.


G4-EN17

Other indirect


emissions (Scope 3)

The World Bank measures indirect GHG emissions from air travel taken by Bank employees, as well as delegate air travel and other indirect emissions associated with major meetings that the Bank organizes. In fiscal 2012, the Bank began measuring GHG emissions from contractor-owned vehicles. In fiscal 2014, these emissions totaled around 101,667 mtCO2e, compared to base-year emissions of 115,545 mtCO2e in fiscal 2010.

Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3, as detailed in the Inventory Management Plan, and no biogenic CO2 emissions. Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the World Bank Group’s Inventory Management Plan for fiscal 2014.


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G4-EN18

Greenhouse gas (GHG)

emissions intensity

The World Bank measures GHG emissions intensity in two distinct categories. Scope 1 and Scope 2 emissions are normalized per square meter, while Scope 3 emissions, mostly pertaining to employee air travel, are normalized per full-time (employee) equivalent (FTE).

In fiscal 2014, global Scopes 1 and 2 emissions per square meter decreased slightly from the previous year, to 0.108. Fiscal 2014 Scopes 1 and 2 emissions intensity rate was still greater than the 2010 base-year emissions of 0.107 mtCO2e/sqm.

Scope 3 emissions per FTE also decreased, from 9.5 in fiscal 2013 to 8.24 emissions/FTE in fiscal 2014. Emissions/FTE are on a downward trend when compared with the emissions intensity of 9.9 mtCO2e/FTE in fiscal 2010, the base year.

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Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3, as detailed in the Inventory Management Plan. Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the World Bank Group’s Inventory Management Plan for fiscal 2014.


G4-EN19

Reduction of


emissions

Estimated reduction in CO2, CH4, and N2O emissions from Scope 2 activities totaled 500 metric tons including the projects listed below. Reduction reporting is based on major initiatives taken in fiscal 2015 as related to achieving reductions from the fiscal 2010 base year. Fiscal 2010 was chosen as the base year because it was the first year that confidence for data related to emissions from Country Offices was high.

In fiscal 2015, savings continued to be realized from the optimization of the central chiller plant. The system was modified to provide the most efficient cooling to the facility, while taking advantage of the demand-flow response system. These operational changes resulted in additional savings of 133 metric tons of CO2e, based on utility bills.

In the Bank’s Chennai, India, office, variable frequency drives were installed in the

majority of the HVAC system, and LED fixtures were installed throughout the building, resulting in modeled savings of 282 metric tons of CO2e.

Methodologies and assumptions for calculating reductions are based on initiative proposals for each reduction project.

Full

G4-EN20

Emissions of ozone-

depleting substances

(ODS)

The World Bank does not produce, import, or export any ozone-depleting substances. Full

G4-DMA

The World Bank views reducing effluent and waste production as a material aspect because of the potential negative environmental impacts, which include the release of persistent toxic chemicals through waste disposed of in landfills or by being incinerated. Bank stakeholders also consider reducing the Bank’s effluent and waste production important.

The Bank has worked to reduce the amount of waste sent to landfills through a combination of source reduction, reuse, and recycling. Minimizing the amount of material brought into Bank facilities is the first way it manages the amount of waste created. Avoiding




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unnecessary packaging for purchased items, including encouraging minimum purchase thresholds for office supplies, is one way the Bank accomplishes this. Another way is by mandating that large purchases from vendors, such as the Bank’s latest computer monitor purchase, be delivered in bulk instead of individually packaged. In fiscal 2015, the Bank continued to pursue efficiencies in the standardization of waste management in its headquarters facilities. The concentration in 2015 was on the waste being created in the cafeterias. Through work with the food services vendor, the Bank was able to standardize waste bins with labels, mount posters in the kitchens, and provide training to cafeteria staff. The Bank set a goal of 80 percent diversion of waste from landfills from the back-of-the-house cafeteria operations. In the most recent audit, conducted in summer 2015, the average diversion rate was 78 percent for all cafeterias, showing much progress from a baseline of 54 percent in fiscal 2014 and the potential to divert as much as 89 percent in fiscal 2016.

There are no related adjustments to the management approach.

G4-EN23

Total weight of waste by

type and disposal

method

The Bank has worked to reduce the amount of waste sent to landfills through a combination of source reduction, reuse, and recycling. See the discussion about sustainable facilities for details. No hazardous waste is generated by the World Bank. Total nonhazardous waste produced by the Bank’s Washington, DC, offices in fiscal

2015 was 1,959 metric tons, a slight increase from 1,913 metric tons in fiscal 2013. In fiscal 2015, 858 tons of waste were sent to a landfill, whereas 930 tons of waste were recycled, which includes paper, bottles and cans, cardboard, toner cartridges, carpet tiles, and electronics. In addition, 171 tons of food waste were composted in fiscal 2014.

The information is provided by the waste-disposal contractor and the electronic- waste recycler, subcontracted through the Bank’s PC provider. Weights from roll-off compactors used for landfilled waste and recycling are exact weights to the closest one tenth of a ton. Proxies for estimating composting weight from trash cans are not available, but will be included in future reports.

Full

G4-DMA

Reducing the Bank’s own corporate environmental impacts is in line with the Bank’s mission of reducing poverty, as environmental degradation affects the world’s poor disproportionately. For internal operations, this means engaging in responsible business practices that reduce negative environmental and social impacts while enhancing the wellbeing of staff, as well as the ecosystems, communities, and economies in which staff operate. The World Bank employs a small team of environmental specialists who work to mainstream sustainability throughout the organization.

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G4-EN31

Total environmental

protection expenditures

and investments by type

In fiscal 2015, the World Bank lending for environmental and natural resource- management-themed projects amounted to approximately $3.16 billion, which represents about 7 percent of total lending. In addition, the Bank is currently working with member countries to take action on climate change—helping cities to adopt green-growth strategies and develop resilience to climate change, developing climate-smart agricultural practices, finding innovative ways to improve both energy efficiency and the performance of renewable energies, and assisting governments to reduce fossil fuel subsidies and put in place policies that will eventually lead to a stable price on carbon. Details can be found in The World Bank Annual Report 2015 and on the Climate

Change website: http://worldbank.org/climatechange.

The World Bank’s internal operations are managed by the General Services Department

(GSD), which provides a wide range of integrated services to make the Bank’s internal operations efficient, comfortable, and environmentally sound. The business managers of the Real Estate, Travel, Food Services, Printing and Multimedia, and other units are responsible for incorporating environmental concerns into the management of their offices. Efforts to manage the environmental impact from their areas are part of the Bank’s operating costs and not quantified separately.

The Corporate Responsibility Program supports Bank-wide efforts to integrate environmental and social concerns into the management of day-to-day activities, and communicates with staff, clients, and partners regarding these concerns. The Program has an annual budget of $560,000.

In addition, the Bank offsets its emissions in two different ways. It purchases Renewable Energy Certificates (RECs) in equal amounts (MWh) to the electricity it consumes globally. In addition, the Bank offsets other emissions (Scope 1 and Scope 3) through the purchase of Verified Emissions Reductions (VERs). In fiscal 2015, the Bank maintained carbon neutrality by the purchase of credits totaling nearly $200,000 from a portfolio of projects, including a Gold Standard efficient cook stove project and small-scale hydropower project, both in Uganda, and energy-efficiency and wind power projects in India. An additional $325,000 was spent on emissions reduction efforts in country offices. Efforts in fiscal 2015 included upgrading lighting to LEDs in many buildings, installing solar panels on the Islamabad office, and using more variable frequency drives in the Chennai office to help efficiently manage HVAC demands.

Partial

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http://www.worldbank.org/en/topic/climatechange

54

G4-DMA

The World Bank works to reduce the environmental footprint of its facilities by procuring goods and services that have reduced environmental impacts. The World Bank Corporate Procurement unit is responsible for coordinating and overseeing the sourcing strategy, selection, and contract- execution for 136 Bank offices around the globe, including adherence to the Bank’s policies on socially and

environmentally responsible corporate procurement policies. Major corporate purchases (including paper, computers, furniture, and other key materials) are made with environmental life-cycle assessments in mind, and many incorporate mandatory environmental specifications.

G4-EN32

Percentage of new

suppliers that were

screened using

environmental criteria

Although environmental criteria are used in both the mandatory and evaluation specifications of many large institutional purchases, the percentage of new suppliers screened using environmental criteria is not available. The data is currently not tracked within the vendor information database.

Partial

G4-DMA

The Bank is committed to attracting and retaining the best talent, developing their capabilities, ensuring their wellbeing, and affording them opportunities to make a difference. Bank staff members come from over 170 countries and include economists, educators, environmental scientists, financial analysts, foresters, agronomists, engineers, information technology specialists, and social scientists, and the like. The Bank’s Human Resources unit supports the Bank in employing the right people in the right place with the right skills at the right time. As the Bank retools to increase its delivery and responsiveness to its clients, Human Resources has played a pivotal role in the transition of staff from the earlier structure to the new Global Practices. Looking forward, work will continue to improve the employment experience—

including the review of employment-status equity—throughout fiscal 2016 and beyond.

G4-LA1

Total number and

shares of new employee

hires and employee

turnover by age group,

gender, and region

In fiscal 2015, 1,072 full-time staff were hired. The rate of new employee hires equaled 9 percent. Of those hired, 39 percent were hired in non-US offices (Country Offices and satellite offices), and 52 percent were female. In fiscal 2015, 1,508 staff left the Bank—

at a turnover rate of 12.5 percent. Thirty-six percent of employees who left the Bank were located in non-US offices, and 53 percent were female.

Partial

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FY15 FY14 FY13

Hired staff Number

% of total

Number % of total

Number % of total

United States 656 61% 1,077 61% 1,243 61%

Female 337 31% 558 32% 660 32%

Male 319 30% 519 29% 583 29%

Non-US offices 416 39% 693 39% 789 39%

Female 225 21% 346 20% 420 21%

Male 191 18% 347 20% 369 18%

Total hires 1,072 1,770 2,032

Of which Female 562 52% 904 51% 1,080 53%

Of which Male 510 48% 866 49% 952 47%

FY15 FY14 FY13

Staff terminated Number % of total Number

% of total Number

% of total

United States 963 64%

1,039 63%

957 62%

Female 526 35% 559 34% 509 33%

Male 437 29% 480 29% 448 29%

Non-US offices 546 36% 609 37% 579 38%

Female 268 18% 310 19% 276 18%

Male 278 18% 299 18% 303 20%

Total terminations 1,509 1,648 1,536

Of which Female 794 53% 869 53% 785 51%

Of which Male 715 47% 779 47% 751 49%

56

G4-LA2

Benefits provided to

full-time employees that

are not provided to

temporary or part-time

employees, by


operation

The World Bank is committed to providing benefits that respond to staff needs globally and are aligned with best practices. This includes life insurance, health care, disability and invalidity coverage, retirement provisions, parental leave, and opportunities for flexible work arrangements, as well as mobility, relocation, and resettlement benefits.

These benefits vary with appointment type (whether open-ended or fixed-term staff or consultant) and whether the position is based at headquarters, in Washington, DC, or in a Country Office. The World Bank’s compensation and benefits policy is to provide a

package to attract and retain diverse and highly talented staff while responding to external market situations and our shareholders. These policies are specified in the internal Staff Manual, which is available to all staff. The Board meets every year to review compensation and determines the overall group-wide pay increase.

Benefits for staff on open-ended, fixed-term, and extended-term-consulting contracts include:

Life insurance and accidental death and dismemberment coverage are offered to staff and eligible dependents. These benefits help protect the financial security of beneficiaries.

Medical plans are offered to staff and retirees and their dependents. These plans provide medical, dental, vision, and pharmacy benefits. The plans cover the staff member, one spouse or domestic partner, and dependent children or step-children under the age of 26. The staff member pays 25 percent of the premium costs, and the Bank pays 75 percent. Staff leaving the organization may elect to receive continuation of their medical, dental, vision, and pharmacy coverage for up to 36 months at their own cost.

Staff who are on sick leave for more than 20 consecutive days can apply for short-term disability, which pays 70 percent of salary for up to 24 months. If a staff member remains disabled beyond the 24-month period, long-term disability benefits is provided at 70 percent of salary until the earliest of retirement, death, or recovery from disability.

At the end of 2015, the mandatory retirement age for staff on board and future staff will increase from age 62 to age 67. The normal retirement age for staff on board at that time will remain 62, and it will increase for future staff to age 65.

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The Bank offers a variety of options to help staff save and plan for retirement. Effective January 1, 2015, the Staff Retirement Net Plan (SRP) has two components: (1) Defined Benefit Component, which is Bank-funded and based on 1 percent of the highest average of three years net annual salary for each year of plan participation, not to exceed 35 years. (2) Cash Balance Component, wherein the Bank contributes 10 percent of net annual salary, and the staff member contributes a mandatory 5 percent of net annual salary and can voluntary increase contributions to as high as 11 percent of net annual salary. In addition to the SRP, Washington-based staff can voluntary participate in a 401(k) plan. Effective January 1, 2015, Country Office staff can elect to participate in the Country Office Savings Plan.

Staff receive between 26 and 30 days of paid annual leave, depending on the length of service, and 15 days of sick leave per year, as well as paid leave for various specific circumstances such as adoption and paternity/maternity leave (10 days and 70 days, respectively).

There are also services to support staff and their families, such as the opportunity for flexible working arrangements and the World Bank Family Network (WBFN), which provides assistance to staff, spouses, and domestic partners.

The Bank’s benefits package also includes global mobility benefits, relocation, and

resettlement policies.

Short-term consultants and short-term temporaries, paid on a daily or hourly rate, are not eligible for leave, life insurance, or pension benefits. However, short-term consultants and short-term temporaries are covered under Worker’s Compensation, and

have accidental death and dismemberment insurance of three times’ net annual salary

while on official Bank business travel. They are also eligible for limited medical expense coverage while on official Bank business for emergency medical care.

G4-DMA

The World Bank values the diversity, health, safety, and security of its approximately 12,000 staff members and consultants who work in Washington, DC, and in 136 countries worldwide. Many employees travel throughout the world, thus the World Bank views appropriate and

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accessible health care through international vendors, regional health advisors, and onsite clinic facilities as an important service component.

The Health Services Department (HSD) serves the staff and management of the World Bank by protecting and promoting staff health wherever possible, taking account of individual health status, the working environment, and job demands.

The World Bank Occupational Health and Safety Committee, which reports to the senior management team, is tasked with developing, implementing, and monitoring an occupational health and safety management system that applies to Bank employees worldwide. The committee oversees a global occupational health and safety management system aimed at managing health and safety risks, thereby enhancing the efficiency and sustainability of the Bank’s workforce and optimizing the capacity to accomplish its goals.

G4-LA5

Percentage of total

workforce represented

in formal joint

management–worker

health and safety

committees that help

monitor and advise on

occupational health

and safety programs

The World Bank’s Occupational Health and Safety Committee meets quarterly to

address health and safety issues related to staff. The group is chaired by senior management (HRDVP), and includes occupational health specialists, environmental consultants, and senior management representatives from headquarters and Country Offices, Health Services and other parts of Human Resources, Facilities Management, Security, Fire and Safety, Legal, Procurement, Corporate Responsibility, the Staff Association, and Budget and additional specialists or members as required. In addition, the Staff Association has established a dedicated working group to address staff health issues. Most of the workforce is represented in the Occupational Health and Safety Committee and the Staff Association.

Partial

G4-LA6

Type of injury and rates

of injury, occupational

diseases, lost days,

and absenteeism, and

total number of work-

related fatalities, by

region and by gender

A third-party partner program (the REED Group) and HSD monitor Worker’s

Compensation Claims as accident and report statistics. Data analysis and interpretation are limited to ad hoc reports, quarterly and annual aggregate REED Group reporting including ad hoc reports. HSD uses an integrated medical database system to evaluate trends in medical and pharmacy insurance costs in comparison with disease profiles. The REED Group and Health Services monitor the effectiveness of return-to-work programs and minimize absenteeism through active participation in return-to-work management for staff. Data analysis and interpretation are limited to ad hoc reports at present.

For the World Bank Group as a whole, the incidence rate has been 0.39, the injury rate 0.15, and the illness rate 0.24. The lost-day rate has been 29.05.

Full

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G4-DMA

The World Bank values the diversity, health, safety, and security of its approximately 12,000 staff and consultants who work in Washington, DC, and in 136 countries worldwide.

The aim of the Bank’s investment in staff learning is to ensure that learning is a strategic tool for the organization, so that staff members have the cutting-edge knowledge and skills to carry out the Bank’s mission. In April 2010, Bank senior management endorsed the Staff Learning Strategy, which outlines three complementary and mutually reinforcing pillars: Corporate Core Curriculum (includes onboarding of new staff, operational learning, and management and leadership development), Professional and Technical Learning, and Unit and Individual Learning (such as languages for business purposes, mentoring, and behavioral skills.). Cross-cutting principles underpinning the Learning Strategy are ensuring geographically neutral access to learning, more on-the-job learning and less formal classroom learning, common quality-assurance processes, and linkage with competencies. The Bank offers a broad range of learning resources via online and face-to-face sessions through its internal learning program. Funding support for external training or education is made possible based on annual discussions between staff and managers about individual yearly learning plans.

G4-LA9

Average hours of

training per year per

employee by gender,

and by employee

category

In fiscal 2015, the World Bank delivered 1,821 learning activities (1,667 in fiscal 2014) for a total of 5,110 sessions (4,635 in fiscal 14) and 52,751 days of learning (65,496 days). Thirty-nine of the training days were delivered either in Country Offices or location-neutral formats such as e-learning and webinars, seven percentage point lower than in fiscal 2014 and five percentage points higher than in fiscal 2013.

In fiscal 2015, 88 percent of the salaried workforce attended at least one learning event, not including the corporate mandatory programs: 85 percent of Country Office staff engaged in learning, and 89 percent of staff in Washington, DC, attended one or more events. These individuals attended the equivalent of 38,287 days of training, averaging 3.2 days per staff member, with 3.3 in days taken by Country Office-based staff and 3.1 days taken by DC-based staff. This was a seven percent decrease from the fiscal 2014 training days of 3.45 days per staff member.

Investment in staff learning increased by 2 percent from fiscal 2014 levels and dropped by 13 percent from fiscal 2013 levels. Through the end of fiscal 2015, the World Bank invested $65.8 million in staff learning, of which 56 percent was spent on developing and delivering learning activities, and 44 percent was spent to cover direct and indirect expenses for staff members to participate in learning (provided internally and/or from external providers), including staff time and other costs.

Partial

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Average hours of training participated in fiscal 2015 by 1) Support Staff = 20.8 hours 2) Analyst grade = 18.4 hours 3) Specialist and Senior Specialist grade = 29.6 hours 4) Lead grade = 24.8 hours

This data is not tracked by gender.

G4-LA10

Programs for skills

management and

lifelong learning that

support the continued

employability of

employees and assist

them in managing

career endings

In fiscal 2015, the Bank delivered 1,821 learning activities for a total of 5,110 sessions and 52,751 days of learning. Eighty-eight percent of the Bank’s salaried workforce

attended at least one learning event during the year (not including the corporate mandatory programs), up 6 percent over fiscal 2014: 85 percent of staff based in Country Offices and 89 percent of those based at headquarters, in Washington, DC.

An HR Transition Support Program was established in fiscal 2015 to assist staff whose jobs may be at risk because of organizational change. The program team works in partnership with Bank units responsible for pensions, tax issues, health services, etc., and with contractors. The team met with staff individually and in groups to inform them about services available and to explain the Bank’s exit process. Job-search and career coaching were also provided on a one-on-one basis. An internal website provided a central repository of information for staff.

A monthly series of seminars was offered to staff on topics ranging from pension, tax, immigration, and benefits to resume writing, interviewing, networking, and job-search strategy. The team also delivered briefings and workshops for managers to equip them with a good understanding of the Bank’s ending-employment process and to better prepare them for managing exits.

Full

G4-LA11

Percentage of

employees receiving

regular performance

and career development

reviews, by gender and

by employee category

At least once in a 12-month period, the manager or designated supervisor performs a review of the World Bank staff member (excludes short-term appointees). The evaluation covers the staff member’s performance, achievements, strengths, areas for

improvement, and future development needs. The World Bank encourages ongoing feedback about the staff member’s work program; this takes place throughout the

performance year. The annual conversation also touches on plans for the upcoming

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61

performance cycle and training needs. The Performance Management Process is outlined in the Staff Manual 5.03.

In fiscal 2015, about 70 percent of female and 70 percent of male active full-time staff completed regular performance and career-development conversations.

G4-DMA

World Bank staff are located in offices in 127 countries and work in core finance, administrative, legal, economics, and technical specializations in more than 20 sectors. Staff contribute an impressive breadth and depth of professional expertise, academic background, industry, and international experience. The World Bank recognizes that meeting the demands and needs of its diverse client base more effectively means the Bank must consider a range of ideas and perspectives to find the best solution to development challenges. Achieving shared prosperity in a sustainable way is, by definition, about equal opportunity, empowerment, and economic and social inclusion.

The Articles of Agreement for IBRD and IDA emphasize the need to “pay due regard to the importance of recruiting personnel on as wide a geographical basis as possible” when appointing Bank officers and staff, “subject to the paramount importance of securing the highest standards of efficiency and of technical competence.” This directive was reiterated in the 1983 Principles of Staff Employment, approved by the Executive Directors, to set forth the broad policies according to which the President shall manage staff. In addition, the principles direct the Bank to “encourage diversity in staffing consistent with the nature and objectives of the Organizations.”

In addition to reflecting the World Bank’s global nature, the importance of staff diversity in enhancing the effectiveness and credibility of the Bank’s institutions has been underscored by ongoing reforms to increase the voice and participation of emerging markets and developing countries at the Bank. It is incumbent upon the Bank to consider how to organize and manage people internally as it works with our partners to help countries achieve gender equality as a pathway to ensuring lasting poverty reduction and shared prosperity. The World Bank mission statement describes the work environment the Bank strives to maintain: “an excellent institution able to attract, excite, and nurture diverse and committed staff with exceptional skills, who know how to listen and learn,” underpinned by the core values of working together in teams, with openness and trust, empowering others, and respecting differences.

Consistently in staff surveys, a large majority of staff agree that they work in a climate in which diverse perspectives are valued, where we treat each other with dignity and respect, and where colleagues are treated fairly regardless of gender, age, race/ethnicity, national origin, native language, religion, disability, and sexual orientation. Staff are drawn to and energized by the Bank’s dynamic multicultural

environment, making diversity and inclusion a key element of its employment value proposition.

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G4-LA12a Composition of

governance bodies

Within the World Bank Boards of Governors and Directors, representatives are determined by member countries. Of the 25 Executive Director Board members, four were women in fiscal 2015, two more than the year before.

For more information about the Boards, see http://worldbank.org/about.

Male [number] 21 Percentage of individuals within the organization’s governance bodies 84%

Female [number] 4 Percentage of individuals within the organization’s governance bodies 16%

Full

G4-LA12b

Breakdown of

employees per

employee category

according to gender,

age group, minority

group membership, and

other indicators of

diversity

Nationals of Part II countries (roughly equivalent to developing countries) accounted for 42 percent of staff in management positions. Women accounted for 38 percent of staff in management positions, and for 43 percent of full-time staff at professional grades (grade GF+) in technical positions. Sub-Saharan African (SSA) and Caribbean (CR) nationals represent 12 percent of full-time staff at professional grades (grade GF+).

Since 1998, nationality, gender, and race have been the dimensions of diversity for which the Bank has set and monitored quantitative targets. Nationality has been measured in the aggregate by Part I and II contributing member status (roughly equivalent to developed and developing countries, respectively), whereas SSA and CR nationality has served as the proxy for race.

Under 35 years old 2,212 Male 908

Female 1,304

35-44 years old 4,067 Male 1,907

Female 2,160

45-54 years old 3821 Male 1,960

Female 1,861

55+ years old 1833 Male 996

Female 837

Full

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http://www.worldbank.org/en/about

63

G4-DMA

The Bank considers the diversity of its staff a strategic business asset. Due to its immunities from most national courts, the Bank Group provides staff with comprehensive Internal Justice Services to resolve and provide redress of staff's issues and grievances using informal and formal mechanisms. These services increase the level of collaboration among staff, provide spaces for the effective management of conflicts, and increase the Bank’s capacity to build and retain a globally representative workforce that has a voice and is valued by the organization.

Most staff's concerns are handled by one of the informal services of Internal Justice: Respectful Workplace Advisors, Ombuds Services, and Mediation Services. Use of these mechanisms is voluntary, and staff also have direct access to the system’s formal grievance

mechanisms of Peer Review Services (PRS), the Business Ethics and Conduct (EBC) Vice Presidency, and the Integrity (INT) Vice Presidency. EBC investigates allegations of staff misconduct, and INT investigates allegations of fraud and corruption committed by individuals and companies involved in Bank-supported projects, as well as allegations against internal staff. PRS considers whether the World Bank Group’s actions are consistent with the staff member’s contract of employment and/or terms of appointment, including the pertinent Bank Group rules and policies. If these internal grievance mechanisms are exhausted, staff can access the World Bank Administrative Tribunal (WBAT), which is the independent judicial forum of last resort for the resolution of cases submitted by staff alleging non-observance of their contracts of employment or terms of appointment. WBAT’s decisions are final and binding.

G4-LA16


about labor practices

filed, addressed, and

resolved through formal

grievance mechanisms

In fiscal 2015, there was an increase in staff using Internal Justice Services, mostly informal services provided by the Respectful Workplace Advisors, Ombuds, and Mediation. The combined caseload of these services grew to 1,617 cases in fiscal 2015, an 18 percent increase over fiscal 2014. Peer Review cases also grew from 50 to 54, and the WBAT caseload increased from 20 to 28. A concerted outreach effort to staff in Country Offices has resulted in more field-based staff using the Internal Justice Services.

In fiscal 2015, Peer Review Services opened 54 cases, EBC 297 cases, INT 32 cases, and the World Bank Administrative Tribunal 28 cases. A large majority of grievances opened during fiscal 2015 were closed in the same fiscal year. Seventeen PRS cases filed in fiscal 2014 that were resolved in fiscal 2015 for PRS, as were 44 for EBC, 11 for INT, and 15 for WBAT.

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G4-DMA

The World Bank considers the diversity of its staff a strategic business asset. The World Bank Group’s Code of Conduct defines

discrimination as “the unjustifiable differentiation between individuals or groups within staff. Discrimination can be based on characteristics such as race, color, gender, language, physical ability, religion, political or other opinion, national or social origin, or sexual orientation.” The

Code of Conduct stipulates that each individual has a role to play in preventing discrimination in the workplace.

The World Bank Group Office of Ethics and Business Conduct (EBC) promotes high ethical standards by staff members in the performance of their duties. It ensures staff understand their ethical obligations to the World Bank as embodied in its core values and the terms under which they operate. The office is accessible to all staff members and their families.

The Ethics Helpline ([email protected], 800-261-7497) can be contacted anonymously 24/7. In addition, the Integrity (INT) Vice Presidency advises operational staff on preventing fraud and corruption in Bank-supported projects. Stakeholders can report allegations via the INT hotline ([email protected], 800-831-0463).

For more information, see Code of Conduct.

G4-HR3

Total number of

incidents of

discrimination and

corrective actions taken

In fiscal 2015, the Office of Ethics and Business Conduct (EBC) handled eight allegations of discrimination, which includes all alleged cases, whether the allegation was found to be substantiated or not.

Full

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http://spapps.worldbank.org/apps/EBC/Pages/Code-of-Conduct.aspx

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World Bank Lending – Fiscal 2015

159

Annual Report 2015

WORLD BANK LENDINGFISCAL 2015

160

The International Bank for Reconstruction and Development (IBRD), the International

Development Association (IDA), the International Finance Corporation (IFC), the

Multilateral Investment Guarantee Agency (MIGA), and the International Centre for

Settlement of Investment Disputes (ICSID) make up the institutions of the World

Bank Group.

The World Bank Group is one of the world’s largest sources of funding and knowledge

for developing countries and is committed to reducing poverty, increasing shared

prosperity, and promoting sustainable development.

In fiscal 2015, the World Bank, IFC, and MIGA collectively provided $59.8 billion in loans,

grants, equity investments, and guarantees to partner countries and private

businesses—including to multiregional and global projects.

World Bank Lending │ Fiscal 20151161

The World Bank is comprised of the International Bank for Reconstruction and

Development (IBRD) and the International Development Association (IDA), and it is

committed to the goals of ending extreme poverty and boosting shared prosperity

and to achieving both goals in a sustainable manner.

The World Bank is a global development cooperative owned by its 188 member

countries. As the largest development bank in the world, it provides financing,

knowledge, and convening services to help client countries address their most

important development challenges.

Solutions-oriented, focused on clients, accountable for quality results, dedicated to

financial integrity and cost-effectiveness, inspired and innovative, the World Bank is

committed to improving the lives of roughly a billion people now living in extreme

poverty.


The International Bank for Reconstruction

and Development (IBRD)

Established 1944 │ 188 member countries

Fiscal 2015 commitments

$23.5 billion for

112 approved operations

Cumulative lending (since 1945)

$629.0 billion

The International Development

Association (IDA)

Established 1960 │ 173 member countries

Fiscal 2015 commitments

$19.0 billion for

190 approved operations

Cumulative lending (since 1960)

$309.9 billion

3 World Bank Lending │ Fiscal 2015163


IBRD and IDA Board of Executive Directors and Alternatesas of June 30, 2015

Dr. Jim Yong KimPresident of the World Bank Group and Chairman of the Board of Executive Directors

Executive Directors AlternatesKhalid Alkhudairy Turki Dhaifallah AlmutairiShixin Chen Jinadi YeHervé de Villeroché Arnaud DelaunaySung-Soo Eun Jason AllfordAlejandro Foxley Daniel KostzerJorg G. Frieden Wieslaw Leonard SzczukaSubhash Garg Mohammad TarequeFranciscus Godts Gulsum YazganarikanMerza Hasan Karim WissaFrank Heemskerk Roman ZhukovskyiGwen Hines Clare RobertsMasahiro Kan Daiho FujiiMohamed Kayad Seydou BoudaNasir Mahmood Khosa Omar BougaraPeter Larose Andrew BvumbeAna Lourenco Bongi KuneneAndrei Lushin Eugene B. MiagkovMatthew McGuire (vacant)Ursula Mueller Wilhelm RissmannPatrizio Pagano Nuno Mota PintoJose Rojas Beatriz de GuindosSatu-Leena Santala Sanita BajareRionald Silaban Pornwasa SirinupongsAntonio Silveira Rosalia de LeonAlister Smith Janet Harris

164

Fiscal Year Highlights

In fiscal 2015, the World Bank (IBRD/IDA) committed $42.5 billion to partner countries, distributed in credits, loans, grants, and guarantees.

165


In fiscal 2015, IBRD committed $23.5 billion for 112 new operations.

IDA committed $19.0 billion for 190 new operations.

166


IBRD’s $23.5 billion lending volume was higher than the precrisis historical average ($13.5 billion a year in fiscal 2005-08) as well as the $18.6 billion committed in fiscal 2014.

167


IDA commitments of $19.0 billion in fiscal 2015 included $15.9 billion in credits, $2.4 billion in grants, and $600 million in guarantees.

168

As a result of rounding, numbers in the following figures may not add to totals, and percentages in figures may not add to 100.

All dollar amounts reported are current U.S. dollars.

Note

169

27%

15%

17%

14%

8%

18%

Share of total lending of $42.5 billion

Africa





South Asia

IBRD and IDA Lending by Region │ Fiscal 2015


7%

8%

11%

10%

16%5%

1%

19%

12%

11%


Agriculture, Fishing, and Forestry

Education

Energy and Mining

Finance

Health and Other Social Services

Industry and Trade

Information and Communications

Public Administration, Law, and Justice

Transportation

Water, Sanitation, and Flood Protection

IBRD and IDA Lending by Sector │ Fiscal 2015


3%7%

20%

14%

7%2%12%

4%

15%

4%

11%


Economic Management

Environment and Natural ResourcesManagement

Financial and Private SectorDevelopment

Human Development

Public Sector Governance

Rule of Law

Rural Development

Social Development, Gender, andInclusion

Social Protection and Risk Management

Trade and Integration

IBRD and IDA Lending by Theme │ Fiscal 2015


$2,098

$1,822

$1,400 $1,400 $1,345 $1,337

$1,150 $1,055 $1,000 $966

$0

$500

$1,000

$1,500

$2,000

$2,500

Com

mitm

ents

($ m

illio

ns)

IBRD Top-10 Borrowers │ Fiscal 2014


$1,924

$1,687

$1,395 $1,351 $1,305

$975 $883

$784 $700 $680

$0

$500

$1,000

$1,500

$2,000

$2,500

Com

mitm

ents

($ m

illio

ns)

IDA Top-10 Borrowers │ Fiscal 2014


Regional Lending by Theme and Sector

175

Africa Regional Snapshot


$8,203$7,525

$8,245

$10,616

$11,569

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

2011 2012 2013 2014 2015

Com

mitm

ents

($ m

illio

ns)

Africa Total IBRD and IDA Lending Trends │ Fiscal 2011-15


55%

10%3%2%

1%

30%


Africa





South Asia

IDA Lending by Region │ Fiscal 2015The largest share of IDA lending went to Africa


8%

6%

9%

6%

24%

3%1%

26%

11%

7%



Education

Energy and Mining

Finance


Industry and Trade



Transportation


Africa IBRD and IDA Lending by Sector │ Fiscal 2015


4%5%

15%

22%

12%<1%

13%

2%

12%

6%8%


Economic Management



Human Development


Rule of Law

Rural Development




Africa IBRD and IDA Lending by Theme │ Fiscal 2015


East Asia and Pacific Regional Snapshot


$7,997

$6,628 $6,247 $6,313 $6,342

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

2011 2012 2013 2014 2015

Com

mitm

ents

($ m

illio

ns)

East Asia and Pacific Total IBRD and IDA Lending Trends │ Fiscal 2011-15


15%

4%

8%

8%

4%

4%1%

18%

18%

19%



Education

Energy and Mining

Finance


Industry and Trade



Transportation


East Asia and Pacific IBRD and IDA Lending by Sector │ Fiscal 2015


<1%

13%

20%

5%

5%27%

3%2%

1%

24%


Economic Management



Human Development


Rule of Law

Rural Development




East Asia and Pacific IBRD and IDA Lending by Theme │ Fiscal 2015


Europe and Central Asia Regional Snapshot


$6,125

$6,595

$5,320 $5,527

$7,207

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

2011 2012 2013 2014 2015

Com

mitm

ents

($ m

illio

ns)

Europe and Central Asia Total IBRD and IDA Lending Trends │ Fiscal 2011-15


5%

19%

28%24%

14%

9%


Africa





South Asia

IBRD Lending by Region │ Fiscal 2015The largest share of IBRD lending went to Europe and Central Asia


2%

5%

20%

13%

13%12%<1%

15%

16%

5%



Education

Energy and Mining

Finance


Industry and Trade



Transportation


Europe and Central Asia IBRD and IDA Lending by Sector │ Fiscal 2015


7%5%

36%

8%4%

6%

5%

15%

9%3%


Economic Management



Human Development


Rule of Law

Rural Development




< 1%

Europe and Central Asia IBRD and IDA Lending by Theme │ Fiscal 2015


Latin America and the Caribbean Regional Snapshot


$9,629

$6,629

$5,204 $5,068

$6,024

$0

$2,000

$4,000

$6,000

$8,000

$10,000

2011 2012 2013 2014 2015

Com

mitm

ents

($ m

illio

ns)

Latin America and the Caribbean Total IBRD and IDA Lending Trends │ Fiscal 2011-15


2%

17%

5%

8%

26%6%

22%

6%7%



Education

Energy and Mining

Finance


Industry and Trade



Transportation

Water, Sanitation, and Flood Protection< 1%

Latin America and the Caribbean IBRD and IDA Lending by Sector │ Fiscal 2015


2%2%

4%

18%

7%

5%12%

31%

1% 12%


Economic Management



Human Development


Rule of Law

Rural Development




Latin America and the Caribbean IBRD and IDA Lending by Theme │ Fiscal 2015


Middle East and North Africa Regional Snapshot


$2,065

$1,513

$2,058

$2,788

$3,492

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

2011 2012 2013 2014 2015

Com

mitm

ents

($ m

illio

ns)

Middle East and North Africa Total IBRD and IDA Lending Trends │ Fiscal 2011-15


29%

16%17%

6%

12%

< 1%

17%



Education

Energy and Mining

Finance


Industry and Trade



Transportation


2%

Middle East and North Africa IBRD and IDA Lending by Sector │ Fiscal 2015


< 1%

22%

17%

4%

1%1%

10%

12%

4%

27%


Economic Management



Human Development


Rule of Law

Rural Development




Middle East and North Africa IBRD and IDA Lending by Theme │ Fiscal 2015


$10,130

$6,446

$4,474

$10,539

$7,860

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

2011 2012 2013 2014 2015

Com

mitm

ents

($ m

illio

ns)

South Asia Total IBRD and IDA Lending Trends │ Fiscal 2011-15


11%

15%

3%

12%

6%

3%<1%

15%

16%

17%

Share of total lending of $7.9. billion


Education

Energy and Mining

Finance


Industry and Trade



Transportation


South Asia IBRD and IDA Lending by Sector │ Fiscal 2015


6%

26%

16%

4%<1%

15%

<1%

20%

2%8%


Economic Management



Human Development


Rule of Law

Rural Development




South Asia IBRD and IDA Lending by Theme │ Fiscal 2015


Lending by Sector

202

31%

31%

5%

4%0%

29%


Africa





South Asia

Agriculture, Fishing, and Forestry IBRD and IDA Lending by Region │ Fiscal 2015


20%

6%

9%

29%

33%


Africa





South Asia

2%

Education IBRD and IDA Lending by Region │ Fiscal 2015


22%

12%

31%

6%

22%

6%


Africa





South Asia

Energy and Mining IBRD and IDA Lending by Region │ Fiscal 2015


16%

12%

23%11%

14%

24%


Africa





South Asia

Finance IBRD and IDA Lending by Region │ Fiscal 2015


42%

4%14%

24%

9%

7%


Africa





South Asia

Health and Other Social Services IBRD and IDA Lending by Region │ Fiscal 2015


15%

12%

37%

16%

10%

10%


Africa





South Asia

Industry and Trade IBRD and IDA Lending by Region │ Fiscal 2015


44%

21%

13%

11%

Share of total lending of $322 million

Africa





South Asia

Information and Communications IBRD and IDA Lending by Region │ Fiscal 2015


36%

14%13%

16%

5%

15%


Africa





South Asia

Public Administration, Law, and Justice IBRD and IDA Lending by Region │ Fiscal 2015


24%

23%

22%

7%

25%


Africa





South Asia

Transportation IBRD and IDA Lending by Region │ Fiscal 2015


16%

25%

8%9%

13%

29%


Africa





South Asia

Water, Sanitation, and Flood Protection IBRD and IDA Lending by Region │ Fiscal 2015


Lending by Theme

213

42%

< 1%

43%

13%

2% < 1%


Africa





South Asia


20%

25%

12%5%

25%

14%


Africa





South Asia

Environment and Natural Resources Management IBRD and IDA Lending by Region │ Fiscal 2015


20%

15%

31%

3%

7%

24%


Africa





South Asia

Financial and Private Sector Development IBRD and IDA Lending by Region │ Fiscal 2015


43%

6%10%

18%

3%

21%


Africa





South Asia

Human Development IBRD and IDA Lending by Region │ Fiscal 2015


50%

12%

11%

15%

2% 10%


Africa





South Asia

Public Sector Governance IBRD and IDA Lending by Region │ Fiscal 2015


< 1%

52%

11%

Share of total lending of $825 million

Africa





South Asia

Rule of Law IBRD and IDA Lending by Region │ Fiscal 2015


29%

34%

7%

6%

1%

23%


Africa





South Asia

Rural Development IBRD and IDA Lending by Region │ Fiscal 2015


15%

9%

41%

20%

14%


Africa





South Asia

Social Development, Gender, and Inclusion IBRD and IDA Lending by Region │ Fiscal 2015


21%

2%

17%

29%

7%

24%


Africa





South Asia

Social Protection and Risk Management IBRD and IDA Lending by Region │ Fiscal 2015


39%

5%38%

2%8%

9%


Africa





South Asia

Trade and Integration IBRD and IDA Lending by Region │ Fiscal 2015


18%

31%

5%

14%

19%

12%


Africa





South Asia

Urban Development IBRD and IDA Lending by Region │ Fiscal 2015


For more information visit

worldbank.org/annualreport


Organizational Information and Lending Data Appendixes

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