Organizational Information and Lending Data Appendixes

Annual Report 2017

Organizational Information and Lending Data Appendixes

Contents

Lending Data 4

Africa: World Bank Lending by Theme and Sector (Fiscal 2013–17) 5

East Asia and Pacific: World Bank Lending by Theme and Sector (Fiscal 2013–17) 6

Europe and Central Asia: World Bank Lending by Theme and Sector (Fiscal 2013–17) 7

Latin America and the Caribbean: World Bank Lending by Theme and Sector (Fiscal 2013–17) 8

Middle East and North Africa: World Bank Lending by Theme and Sector (Fiscal 2013–17) 9

South Asia: World Bank Lending by Theme and Sector (Fiscal 2013–17) 10

Africa: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 11

East Asia and Pacific: World Bank Commitments, Disbursements, and

Net Transfers (Fiscal 2013–17) 12

Europe and Central Asia: World Bank Commitments, Disbursements, and


Latin America and the Caribbean: World Bank Commitments, Disbursements, and


Middle East and North Africa: World Bank Commitments, Disbursements, and


South Asia: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 16

Operations Approved for IBRD and IDA Assistance in Fiscal 2016, by Region

and Country (Fiscal 2017) 17

World Bank Development Policy Operations (Fiscal 2017) 20

World Bank Development Policy Commitments (Fiscal 2013–17) 22

IBRD and IDA Cumulative Lending by Sector, by Region (Fiscal 2013–17) 23

IBRD and IDA Cumulative Lending, by Country (Fiscal 1945-2016) 24

Active Project Portfolio by Region and Sector (June 30, 2017) 28

New Operations Approved 29

Summaries of Operations Approved during Fiscal 2017, All Regions 30

Income by Region 51

Regional Poverty Estimates (1981-2013) 52

Population living below $1.90 a day (millions, 2011 PPP)

Population living below $1.90 a day (% of population, 2011 PPP)



Gross Domestic Product per Capita Index, 2005–16 53

Organizational Information 54

Governors and Alternates of the World Bank 55

Executive Directors and Alternates of the World Bank and Their Voting Power 60

Development Committee Communique (October 8, 2016) 64

Development Committee Communique (April 22, 2017) 66

Officers of the World Bank 68

Organization Chart of the World Bank (June 13, 2016) 69

Annual Remuneration Disclosure Notice 70

Offices of the World Bank 73

International Bank for Reconstruction and Development Membership 80

International Development Association Membership 85

Country Eligibility for Borrowing from the World Bank 90

World Bank Expenditures by Organizational Unit 93

Contributions: Top-10 Trust Fund Donors 94

World Bank Lending (Fiscal 2017) 95

Global Reporting Initiative (GRI) Index – Fiscal Year 2017 160

Annual Report 2017

Lending Data

millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 1,002 Environment and Natural Resource Management — — — — 4,258 Finance — — — — 333 Human Development and Gender — — — — 3,621 Private Sector Development — — — — 3,409 Public Sector Management — — — — 1,689 Social Development and Protection — — — — 1,278 Urban and Rural Development — — — — 5,643

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 1,026 1,177 1,138 538 1,352 Education 631 748 747 865 960 Energy and Extractives 1,338 2,029 1,148 1,708 1,618 Financial Sector 51 400 654 234 124 Health 498 498 1,858 940 594 Industry, Trade, and Services 288 552 343 465 961 Information and Communications Technologies 113 163 159 44 274 Public Administration 1,072 1,295 2,284 1,005 1,360 Social Protection 726 882 1,210 2,294 774 Transportation 2,013 1,610 1,304 720 2,130 Water, Sanitation, and Waste Management 488 1,259 724 552 1,694

Sector Total 8,245 10,613 11,569 9,365 11,842

Of which IBRD 42 420 1,209 669 1,163 Of which IDA 8,203 10,193 10,360 8,696 10,679

Note: — = not available. Numbers may not add to totals because of rounding. As of fiscal 2017, new sector and theme categories have

replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect the new categories and therefore may not match figures published in previous annual reports. Due to methodological changes in fiscal 2017, past year's theme data is not comparable and therefore excluded. Also, because lending commitments for individual operations can be applied to multiple theme categories, figures organized by theme do not add up to fiscal year commitment totals, and therefore theme figures should not be summed.

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

Africa: World Bank Lending by Theme and Sector | Fiscal 2013–17

millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 736 Environment and Natural Resource Management — — — — 1,865 Finance — — — — 1,001 Human Development and Gender — — — — 1,225 Private Sector Development — — — — 916 Public Sector Management — — — — 441 Social Development and Protection — — — — 324 Urban and Rural Development — — — — 3,474

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 204 625 1,033 706 523 Education 589 626 226 321 368 Energy and Extractives 740 834 574 2,093 218 Financial Sector 316 68 501 285 135 Health 384 260 233 145 679 Industry, Trade, and Services 280 261 282 427 1,237 Information and Communications Technologies 35 81 69 - 207 Public Administration 1,229 1,065 809 940 736 Social Protection 305 267 68 270 440 Transportation 1,168 1,891 1,233 1,329 1,445 Water, Sanitation, and Waste Management 998 334 1,316 985 1,120

Sector Total 6,247 6,313 6,342 7,500 7,107

Of which IBRD 3,661 4,181 4,539 5,176 4,404 Of which IDA 2,586 2,131 1,803 2,324 2,703

East Asia and Pacific: World Bank Lending by Theme and Sector | Fiscal 2013–17




millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 54 Environment and Natural Resource Management — — — — 2,573 Finance — — — — 967 Human Development and Gender — — — — 436 Private Sector Development — — — — 1,613 Public Sector Management — — — — 1,057 Social Development and Protection — — — — 72 Urban and Rural Development — — — — 691

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 214 478 154 47 358 Education 86 102 330 103 120 Energy and Extractives 333 1,206 1,423 151 2,205 Financial Sector 1,238 562 930 1,290 760 Health 225 574 277 214 202 Industry, Trade, and Services 483 455 882 1,254 133 Information and Communications Technologies 22 13 42 39 8 Public Administration 825 1,387 692 1,124 648 Social Protection 806 105 919 411 140 Transportation 933 97 1,158 2,168 608 Water, Sanitation, and Waste Management 155 546 400 471 127

Sector Total 5,320 5,527 7,207 7,271 5,308

Of which IBRD 4,591 4,729 6,679 7,039 4,569 Of which IDA 729 798 527 233 739

Europe and Central Asia: World Bank Lending by Theme and Sector | Fiscal 2013–17




millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 387 Environment and Natural Resource Management — — — — 1,520 Finance — — — — 794 Human Development and Gender — — — — 1,039 Private Sector Development — — — — 1,488 Public Sector Management — — — — 942 Social Development and Protection — — — — 186 Urban and Rural Development — — — — 2,450

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 342 231 117 145 335 Education 664 674 1,051 1,090 577 Energy and Extractives 166 59 391 227 520 Financial Sector 154 89 493 591 206 Health 494 16 533 736 217 Industry, Trade, and Services 172 143 374 1,159 638 Information and Communications Technologies 3 - 48 0.3 122 Public Administration 1,836 1,664 942 1,551 1,910 Social Protection 553 723 1,291 743 158 Transportation 704 776 389 1,173 573 Water, Sanitation, and Waste Management 117 693 396 803 621

Sector Total 5,204 5,068 6,024 8,218 5,876

Of which IBRD 4,769 4,609 5,709 8,035 5,373 Of which IDA 435 460 315 183 503

Latin America and the Caribbean: World Bank Lending by Theme and Sector | Fiscal 2013–17




millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 265 Environment and Natural Resource Management — — — — 1,086 Finance — — — — 562 Human Development and Gender — — — — 1,093 Private Sector Development — — — — 1,650 Public Sector Management — — — — 903 Social Development and Protection — — — — 962 Urban and Rural Development — — — — 306

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 203 120 - 314 83 Education 213 - 73 70 100 Energy and Extractives 591 211 1,025 1,091 905 Financial Sector 213 737 550 445 866 Health 22 103 105 97 415 Industry, Trade, and Services 88 154 225 404 760 Information and Communications Technologies 55 219 - 145 183 Public Administration 300 440 228 1,345 1,331 Social Protection 235 150 661 31 776 Transportation 40 470 10 558 255 Water, Sanitation, and Waste Management 98 185 616 681 207

Sector Total 2,058 2,788 3,492 5,181 5,880

Of which IBRD 1,809 2,588 3,294 5,170 4,869 Of which IDA 249 199 198 11 1,011

Middle East and North Africa: World Bank Lending by Theme and Sector | Fiscal 2013–17




millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 1,023 Environment and Natural Resource Management — — — — 1,710 Finance — — — — 1,180 Human Development and Gender — — — — 1,744 Private Sector Development — — — — 1,502 Public Sector Management — — — — 420 Social Development and Protection — — — — 661 Urban and Rural Development — — — — 1,727

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 255 578 926 659 128 Education 705 1,469 1,193 769 723 Energy and Extractives 270 2,458 261 2,144 859 Financial Sector 127 172 967 256 1,015 Health 785 100 85 240 329 Industry, Trade, and Services 171 390 264 616 506 Information and Communications Technologies 83 52 38 43 228 Public Administration 482 935 967 646 723 Social Protection 651 395 467 120 404 Transportation 660 2,431 1,298 898 813 Water, Sanitation, and Waste Management 285 1,555 1,395 1,971 334

Sector Total 4,474 10,535 7,860 8,363 6,061

Of which IBRD 378 2,077 2,098 3,640 2,233 Of which IDA 4,096 8,458 5,762 4,723 3,828

South Asia: World Bank Lending by Theme and Sector | Fiscal 2013 -2017




millions of dollars

Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 903 6,700 1,511 7,099 1,205 4,119 11,842 51,614Undisbursed balances 4,043 4,043 5,260 5,260 3,011 3,011 34,513 34,513Gross disbursements 1,047 4,707 928 4,247 462 2,773 7,047 35,305Repayments 23 85 82 456 37 102 605 2,461Net disbursements 1,024 4,623 846 3,791 425 2,671 6,443 32,844Interest and charges 41 152 60 227 43 181 592 2,157Net transfers 983 4,471 786 3,564 382 2,491 5,850 30,687

Africa: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2013–17

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2016 and 2017). IBRD and IDA commitments do not include Heavily Indebted Poor Country (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.

Nigeria Tanzania Total regionEthiopia

millions of dollars

Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 2,420 9,379 1,658 8,879 1,692 7,184 7,106 33,508Undisbursed balances 8,533 8,533 6,983 6,983 2,967 2,967 23,449 23,449Gross disbursements 1,530 7,049 1,106 6,375 1,466 7,953 5,106 26,851Repayments 2,081 10,584 144 552 397 2,098 2,920 15,349Net disbursements -552 -3,535 962 5,823 1,069 5,855 2,186 11,501Interest and charges 225 811 148 560 361 1,436 870 3,443Net transfers -777 -4,346 814 5,263 708 4,419 1,316 8,058

China

East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2013–17


IndonesiaVietnam Total region

millions of dollars

Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 650 5,397 67 2,492 0 3,778 5,309 30,724Undisbursed balances 1,932 1,932 1,408 1,408 485 485 14,239 14,239Gross disbursements 123 3,509 216 2,757 77 4,356 3,109 25,891Repayments 262 1,248 217 832 129 1,077 2,786 15,424Net disbursements -139 2,261 -2 1,925 -52 3,279 323 10,467Interest and charges 86 216 59 147 28 246 599 2,710Net transfers -225 2,045 -61 1,778 -80 3,033 -276 7,757

Poland

Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers I Fiscal 2013–17


Kazakhstan Total regionUkraine

millions of dollars

Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 1,687 5,957 165 3,790 1,525 3,862 5,877 30,392Undisbursed balances 1,613 1,613 3,740 3,740 3,317 3,317 18,084 18,084Gross disbursements 928 5,109 84 1,477 955 3,883 4,114 27,361Repayments 493 2,901 323 1,644 677 3,436 3,040 14,597Net disbursements 435 2,208 -239 -167 278 447 1,074 12,764Interest and charges 228 1,110 64 254 135 653 1,299 5,464Net transfers 207 1,098 -304 -421 143 -206 -225 7,300

Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2013–17


Colombia Argentina Total regionPeru

millions of dollars

Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 1,500 5,335 1,485 3,390 500 4,294 5,880 19,418Undisbursed balances 3,175 3,175 627 627 1,053 1,053 7,697 7,697Gross disbursements 2,632 5,323 1,509 2,966 637 3,804 5,726 16,095Repayments 326 1,142 33 82 159 847 887 4,314Net disbursements 2,307 4,180 1,476 2,884 477 2,958 4,839 11,781Interest and charges 109 320 43 71 54 283 283 1,028Net transfers 2,197 3,860 1,433 2,813 423 2,675 4,556 10,753

Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2013–17


Egypt, Arab Rep. Morocco Total region Iraq

millions of dollars

Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 2,284 16,349 1,126 7,599 1,152 8,088 6,060 37,203Undisbursed balances 16,367 16,367 3,118 3,118 5,357 5,357 28,376 28,376Gross disbursements 2,426 12,423 903 5,727 1,307 4,673 5,424 25,957Repayments 2,595 10,869 406 2,054 308 1,463 3,461 15,081Net disbursements -168 1,554 497 3,672 999 3,210 1,963 10,876Interest and charges 420 1,597 173 653 90 426 729 2,879Net transfers -588 -43 325 3,019 909 2,784 1,234 7,996

South Asia: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2013–17


Total regionIndia BangladeshPakistan

millions of dollars

Region and country Operations Amount Operations Amount Operations Amount

AfricaAfrica (regional) 11 841 11 841Angola 3 332 3 332Benin 3 173 3 173Botswana 1 146 1 146Burkina Faso 4 220 4 220Burundi 3 115 3 115Cabo Verde 1 27 1 27Cameroon 2 517 3 153 5 670Central African 6 143 6 143Chad 5 212 5 212Comoros 1 3 1 3Congo, Democrat 6 525 6 525Congo, Republic 3 55 3 55Côte d'Ivoire 6 660 6 660Ethiopia 5 903 5 903Gabon 1 50 1 50Gambia, The 4 76 4 76Ghana 4 251 4 251Guinea 2 52 2 52Guinea-Bissau 1 25 1 25Kenya 4 800 4 800Lesotho 2 33 2 33Liberia 3 92 3 92Madagascar 4 195 4 195Malawi 5 421 5 421Mali 4 101 4 101Mauritania 2 43 2 43Mozambique 4 104 4 104Niger 3 121 3 121Nigeria 5 1,511 5 1,511Rwanda 2 141 2 141São Tomé and Príncipe 2 21 2 21Senegal 5 533 5 533Sierra Leone 4 90 4 90South Africa 1 93 1 93South Sudan 1 50 1 50Swaziland 1 25 1 25Tanzania 5 1,205 5 1,205Togo 4 82 4 82Uganda 3 350 3 350Zambia 6 353 6 353

Total 9 1,163 136 10,679 145 11,842

East Asia and PacificCambodia 3 120 3 120China 13 2,420 13 2,420Fiji 1 6 1 6Indonesia 7 1,692 7 1,692Kiribati 2 22 2 22

Operations Approved for IBRD and IDA Assistance, by Region and Country | Fiscal 2017

IBRD IDA Total

Region and country Operations Amount Operations Amount Operations AmountIBRD IDA Total

Lao People's De 2 64 2 64Marshall Islands 1 20 1 20Micronesia, Fed. Sts. 1 16 1 16Mongolia 4 99 4 99Myanmar 4 616 4 616Pacific Islands 0 4 0 4Papua New Guinea 4 128 4 128Philippines 2 140 0 2 140Samoa 1 5 1 5Solomon Islands 2 36 2 36Timor-Leste 1 35 1 35Tonga 1 5 1 5Tuvalu 1 3 1 3Vanuatu 2 18 2 18Vietnam 2 146 10 1,512 12 1,658

Total 25 4,403 39 2,703 64 7,106

Europe and Central AsiaAlbania 3 241 3 241Armenia 1 50 1 50Belarus 1 125 1 125Bosnia and Herzegovina 4 260 4 260Croatia 1 394 1 394Europe and Central Asia (Regional) 1 800 1 800Georgia 1 50 1 50Kazakhstan 1 67 1 67Kosovo 3 62 3 62Kyrgyz Republic 4 89 4 89Moldova 2 40 1 41 3 80Montenegro 1 3 0 1 3Romania 2 625 0 2 625Serbia 5 459 0 5 459Tajikistan 1 226 1 226Turkey 3 683 0 3 683Ukraine 2 650 0 2 650Uzbekistan 2 122 1 323 3 445

Total 30 4,569 10 739 40 5,309

Latin America and the CaribbeanArgentina 9 1,525 9 1,525Bolivia 2 300 30 2 330Brazil 1 73 1 73Chile 1 80 1 80Colombia 4 1,687 4 1,687Ecuador 1 91 1 91Grenada 1 9 1 9Guatemala 4 450 4 450Guyana 2 19 2 19Haiti 8 186 8 186Honduras 1 25 1 25Jamaica 1 70 1 70

Region and country Operations Amount Operations Amount Operations AmountIBRD IDA Total

Mexico 3 350 3 350Nicaragua 5 195 5 195OECS Countries 2 8 27 2 34Panama 2 365 2 365Paraguay 1 100 1 100Peru 4 165 4 165St. Lucia 1 2 1 2St. Vincent and the Grenadines 1 11 1 11Uruguay 2 110 2 110

Total 37 5,373 19 504 56 5,877

Middle East and North AfricaDjibouti 2 28 2 28Egypt, Arab Rep. 2 1,500 2 1,500Iraq 2 1,485 2 1,485Jordan 4 460 100 4 560Lebanon 3 305 1 100 4 405Morocco 3 500 3 500Tunisia 3 618 3 618Yemen, Rep. 5 783 5 783

Total 17 4,869 8 1,011 25 5,880

South AsiaAfghanistan 7 448 7 448Bangladesh 9 1,152 9 1,152Bhutan 1 24 1 24India 12 1,776 4 508 16 2,284Maldives 2 36 2 36Nepal 5 640 5 640Pakistan 1 390 6 736 7 1,126Sri Lanka 1 67 3 283 4 350

Total 14 2,233 37 3,827 51 6,060

Overall total 132 22,611 249 19,463 381 42,074

Note: OECS = Organization of Eastern Caribbean States. Data include guarantees. IDA commitments total does not include a $50 million grant for the Pandemic Emergency Financing Facility. 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 6/30/2017

millions of dollars

Country Project ID Operation IBRD IDA Total

Afghanistan P160544 Inclusive Growth Development Policy Grant 0 100 100Africa (Regional) P158333 Second Regional Trade Facilitation and Competitiveness Development Policy Credit 0 100 100Albania P155605 Competitiveness Development Policy Loan 70 0 70Albania P152064 Financial Sector Development Policy Loan 100 0 100Armenia P160100 Fourth Development Policy Loan 50 0 50Bhutan P157469 Second Fiscal Sustainability and Investment Climate Development Policy Credit 0 24 24Bosnia and Herzegovina P149768 Public Finances Development Policy Loan 80 0 80Burkina Faso P157060 First Energy and Fiscal Management Development Policy Operation 0 100 100Central African Republic P160123 First State Consolidation Development Policy Grant 0 20 20Chad P162548 Fiscal Consolidation Development Policy Grant 0 80 80Chad P163968 Emergency Fiscal Stabilization Development Policy Grant 0 65 65China P157404 Chongqing-Dadukou Fiscal Sustainability Development Policy Loan 200 0 200China P157406 Hunan Fiscal Sustainability Development Policy Loan 200 0 200Colombia P158520 First Programmatic Territorial Development Development Policy Loan 800 0 800Colombia P158739 First Sustainability and Compeitiveness Development Policy Loan 600 0 600Côte d'Ivoire P158463 First Fiscal Management, Education, and Energy Reforms Development Policy Credit 0 75 75Egypt, Arab Rep. P161228 Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy

Loan1,000 0 1,000

Gambia, The P163285 Emergency Development Policy Credit 0 56 56Georgia P156444 Second Programmatic Inclusive Growth Development Policy Loan 50 0 50Grenada P156761 Third Programmatic Resilience-Building Development Policy Credit 0 9 9Guatemala P160667 First Programmatic Improved Governance of Public Resources and Nutrition Development Policy Loan 250 0 250Indonesia P158140 First Logisitics Reform Development Policy Loan 400 0 400Iraq P161167 Second Expenditure Rationalization, Energy Efficiency, and State-Owned Enterprise Governance

Programmatic Development Policy Loan1,444 0 1,444

Jamaica P163586 Second Competitiveness and Fiscal Management Programmatic Development Policy Loan 70 0 70Jordan P160236 Second Programmatic Energy and Water Sector Reforms Development Policy Loan 225 0 225Kiribati P155540 Third Economic Reform Development Policy Grant 0 2 2Kyrgyz Republic P148099 Programmatic Governance and Competitiveness Development Policy Operation 0 24 24Lao PDR P159956 First Programmatic Green Growth Development Policy Credit 0 39 39Liberia P151502 Third Poverty Reduction Support Development Policy Grant 0 40 40Liberia P163164 Third Poverty Reduction Support Development Policy Operation (Supplemental) 0 12 12Madagascar P160866 Public Finance Sustainability and Investment Development Policy Grant 0 65 65Malawi P153753 Agricultural Support and Fiscal Management Development Policy Credit 0 80 80Mali P157900 First Poverty Reduction and Inclusive Growth Support Development Policy Credit 0 50 50Mauritania P160592 First Fiscal Consolidation and Private Sector Support Development Policy Grant 0 26 26

World Bank Development Policy Operations | Fiscal 2017

Country Project ID Operation IBRD IDA Total

Moldova P149555 Second Development Policy Loan 27 18 45Morocco P153603 Second Capital Market Development and Small and Medium-Size Enterprise Financing Development Policy

Loan350 0 350

Myanmar P152734 First Macroeconomics Stability and Fiscal Resilience Development Policy Credit 0 200 200Nepal P156960 Third Financial Sector Stability Development Policy Credit 0 100 100Niger P159969 Support Development Policy Credit 0 50 50Pakistan P161136 Finance for Growth Development Policy Credit 0 302 302Panama P154819 Second Programmatic Shared Prosperity Development Policy Loan 300 0 300Romania P149776 Second Fiscal Effectiveness and Growth Development Policy Loan 558 0 558Rwanda P158698 Third Social Protection System Development Policy Credit 0 95 95Samoa P155118 Second Fiscal and Economic Reform Development Policy Credit 0 5 5São Tomé and Príncipe P159010 Strengthening Growth and Fiscal Policy Development Policy Grant 0 5 5Senegal P159023 First Multi-Sectoral Structural Reforms Development Policy Credit 0 60 60Serbia P149750 Second Programmatic State-Owned Enterprises Reform Development Policy Loan 100 0 100Serbia P155694 Public Expenditure and Public Utilities Development Policy Loan 200 0 200Serbia P157489 Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option 70 0 70Sierra Leone P156651 Productivity and Transparency Support Development Policy Credit 0 30 30Sri Lanka P157804 Competitiveness, Transparency, and Fiscal Sustainability Development Policy Credit 0 100 100Tonga P159262 Second Inclusive Growth Development Policy Operation 0 5 5Tunisia P158111 Business Environment and Entrepreneurship Development Policy Loan 500 0 500Tuvalu P155066 Third Development Policy Grant 0 3 3

Total 7,644 1,940 9,584

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

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

Africa 938 10 926 9 2,440 25 760 5 1,009 11East Asia and Pacific 1,635 18 1,770 17 822 8 1,695 11 1,054 11Europe and Central Asia 2,529 27 2,506 24 2,562 26 3,050 20 1,347 14Latin America and the Caribbean 2,875 31 2,832 27 2,930 30 4,475 30 2,029 21Middle East and North Africa 1,093 12 1,300 12 430 4 3,450 23 3,519 37South Asia 166 2 1,152 11 620 6 1,670 11 626 7

Total 9,236 100 10,487 100 9,804 100 15,100 100 9,584 100

World Bank development policy loan commitmentsIBRD 7,282 79 7,997 76 7,207 74 13,210 87 7,644 80IDA 1,954 21 2,489 24 2,597 26 1,890 13 1,940 20

Total 9,236 100 10,487 100 9,804 100 15,100 100 9,584 100

World Bank total lending commitmentsIBRD 15,249 18,604 23,528 29,729 22,611 IDA 16,298 22,239 18,966 16,171 19,463

Total 31,547 40,843 42,495 45,900 42,074

Share of development policy commitments 29 26 23 36 23

World Bank Development Policy Commitments | Fiscal 2013–17

Note: Numbers may not add to totals because of rounding. IDA total lending commitments do not include a $50 million grant for the Pandemic Emergency Financing Facility.

2013 2014 2015 2016 2017

millions of dollars

SectorAgriculture, Fishing, and Forestry 77 1,362 515 1,083 714 116 3,866Education 104 1,176 573 3,928 253 617 6,650Energy and Extractives 1,014 3,185 4,821 1,191 3,773 1,975 15,960Financial Sector 590 887 4,635 1,466 2,781 583 10,942Health 44 1,189 1,253 1,847 421 0 4,754Industry, Trade, and Services 97 2,085 3,083 2,359 1,542 559 9,724Information and Communications Technologies 42 178 78 148 598 107 1,150Public Administration 812 3,617 4,485 7,577 3,634 747 20,871Social Protection 51 889 2,327 3,274 1,096 0 7,637Transportation 244 4,614 4,488 3,220 1,146 3,374 17,086Water, Sanitation, and Waste Management 428 2,779 1,350 2,404 1,771 2,349 11,080Total 3,502 21,960 27,607 28,496 17,730 10,426 109,722

SectorAgriculture, Fishing, and Forestry 5,155 1,730 737 87 6 2,423 10,138Education 3,848 954 169 129 203 4,241 9,543Energy and Extractives 6,827 1,273 497 172 49 4,017 12,835Financial Sector 872 417 144 66 30 1,955 3,484Health 4,343 512 240 148 320 1,539 7,102Industry, Trade, and Services 2,513 402 124 128 89 1,395 4,651Information and Communications Technologies 711 214 46 26 3 336 1,336Public Administration 6,204 1,161 191 326 9 3,006 10,897Social Protection 5,834 460 55 193 756 2,037 9,335Transportation 7,534 2,451 476 395 187 2,726 13,769Water, Sanitation, and Waste Management 4,290 1,975 348 227 16 3,190 10,046Total 48,132 11,548 3,026 1,896 1,669 26,867 93,137

a. No account is taken of cancellations subsequent to the original commitment. IBRD loans to IFC are excluded. As of fiscal year 2017, new sector and theme categories have replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect the new categories and therefore may not match figures published in previous annual reports. Due to methodological changes in fiscal 2017, past year's theme data is not comparable and cannot be combined; it is therefore excluded here. Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

Latin America and the

CaribbeanEurope and Central Asia

East Asia and PacificAfrica

Region

South Asia Total

Latin America and the

Caribbean

Note: Figures are cumulative since fiscal 2013, 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.

IBRD and IDA Cumulative Lending by Sector, by Region | Fiscal 2013-17

Europe and Central AsiaIDA commitmentsa

Middle East and North

Africa

IBRD commitmentsa

Region

Total

AfricaEast Asia and

Pacific

South Asia

Middle East and North

Africa

IBRD IDA IBRD/IDA Country Amount Amount Amount

Afghanistan 3,720 3,720 Africa (regional) 344 12,134 12,478 Albania 1,353 950 2,303 Algeria 5,892 5,892 Angola 982 1,024 2,006 Antigua and Barbuda 10 10 Argentina 33,139 33,139 Armenia 976 1,408 2,383 Australia 418 418 Austria 106 106 Azerbaijan 2,864 1,128 3,993 Bahamas, The 43 43 Bangladesh 46 26,212 26,258 Barbados 153 153 Belarus 1,611 1,611 Belgium 76 76 Belize 131 131 Benin 2,081 2,081 Bhutan 320 320 Bolivia 880 2,762 3,642 Bosnia and Herzegovina 605 1,440 2,045 Botswana 1,041 16 1,057 Brazil 59,669 59,669 Bulgaria 3,260 3,260 Burkina Faso 2 4,240 4,242 Burundi 5 2,016 2,020 Cabo Verde 54 399 452 Cambodia 1,150 1,150 Cameroon 1,865 2,612 4,476 Central African Republic 886 886 Central America (regional) 32 32 Central Asia 83 83 Chad 40 1,495 1,535 Chile 4,377 19 4,396 China 50,284 9,947 60,230 Colombia 24,806 20 24,825 Comoros 179 179 Congo, Dem. Rep. 330 7,167 7,497 Congo, Rep. 342 658 1,000 Costa Rica 2,256 6 2,262 Côte d'Ivoire 2,888 4,448 7,335 Croatia 4,646 4,646 Cyprus 419 419 Czech Republic 776 776 Denmark 85 85 Djibouti 283 283 Dominica 7 40 46 Dominican Republic 2,368 22 2,390 East Asia (regional) 17 17 Ecuador 4,209 37 4,246 Egypt, Arab Rep. 16,267 1,984 18,251 El Salvador 2,323 26 2,348

IBRD and IDA Cumulative Lending, by Country | Fiscal 1945–2017

millions of dollars


Equatorial Guinea 45 45 Eritrea 549 549 Estonia 151 151 Ethiopia 109 17,084 17,192 Europe and Central Asia (regional) 800 800 Fiji 259 259 Finland 317 317 France 250 250 Gabon 674 674 Gambia, The 458 458 Georgia 1,173 1,550 2,722 Ghana 407 9,433 9,840 Greece 491 491 Grenada 32 82 113 Guatemala 3,818 3,818 Guinea 75 1,860 1,936 Guinea-Bissau 453 453 Guyana 80 414 494 Haiti 3 1,837 1,840 Honduras 717 2,320 3,037 Hungary 5,661 5,661 Iceland 47 47 India 57,333 50,932 108,264 Indonesia 50,985 2,875 53,861 Iran, Islamic Rep. 3,413 3,413 Iraq 3,797 509 4,305 Ireland 153 153 Israel 285 285 Italy 400 400 Jamaica 2,715 2,715 Japan 863 863 Jordan 4,390 185 4,576 Kazakhstan 9,164 9,164 Kenya 1,181 10,088 11,269 Kiribati 87 87 Korea, Rep. 15,587 111 15,698 Kosovo 253 253 Kyrgyz Republic 1,365 1,365 Lao PDR 1,468 1,468 Latvia 985 985 Lebanon 2,388 100 2,488 Lesotho 155 691 846 Liberia 156 1,238 1,394 Lithuania 491 491 Luxembourg 12 12 Macedonia, FYR 1,455 379 1,833 Madagascar 33 4,214 4,247 Malawi 124 4,115 4,239 Malaysia 4,151 4,151 Maldives 223 223 Mali 2 3,483 3,485 Malta 8 8 Marshall Islands 31 31 Mauritania 146 1,199 1,345 Mauritius 828 20 848


Mexico 54,915 54,915 Micronesia, Fed 69 69 Moldova 434 896 1,330 Mongolia 771 771 Montenegro 313 75 388 Morocco 16,280 51 16,331 Mozambique 6,232 6,232 Myanmar 33 3,322 3,355 Namibia 15 15 Nepal 5,162 5,162 Netherlands 244 244 New Zealand 127 127 Nicaragua 234 2,089 2,323 Niger 2,863 2,863 Nigeria 7,143 14,762 21,905 Norway 145 145 OECSa countries 103 203 306 Oman 157 157 Pacific Islands 17 17 Pakistan 9,572 21,490 31,062 Panama 3,071 3,071 Papua New Guinea 787 613 1,399 Paraguay 1,706 46 1,751 Peru 13,099 13,099 Philippines 18,389 294 18,683 Poland 16,159 16,159 Portugal 1,339 1,339 Romania 13,525 13,525 Russian Federation 14,151 14,151 Rwanda 3,338 3,338 Samoa 264 264 São Tomé and Príncipe 130 130 Senegal 165 4,628 4,793 Serbia 2,783 689 3,472 Seychelles 62 62 Sierra Leone 19 1,361 1,380 Singapore 181 181 Slovak Republic 425 425 Slovenia 178 178 Solomon Islands 149 149 Somalia 492 492 South Africa 4,146 4,146 South Asia (regional) 766 766 South Sudan 214 214 Southeastern Europe (regional) 10 91 101 Spain 479 479 Sri Lanka 593 5,768 6,361 St. Kitts and Nevis 23 2 25 St. Lucia 37 71 108 St. Vincent and the Grenadines 12 69 81 Sudan 166 1,353 1,519 Swaziland 202 8 210 Syrian Arab Republic 613 47 661 Taiwan, China 329 15 345 Tajikistan 1,024 1,024


Tanzania 319 13,145 13,464 Thailand 9,143 125 9,268 Timor-Leste 15 118 133 Togo 20 1,252 1,272 Tonga 144 144 Trinidad and Tobago 334 334 Tunisia 9,284 75 9,359 Turkey 38,920 179 39,098 Turkmenistan 90 90 Tuvalu 46 46 Uganda 9 8,727 8,736 Ukraine 12,449 12,449 Uruguay 4,333 4,333 Uzbekistan 1,329 1,770 3,100 Vanuatu 148 148 Venezuela, RB 3,328 3,328 Vietnam 3,458 20,428 23,886 Yemen, Rep. 4,655 4,655 Yugoslavia 6,091 6,091 Zambia 679 4,023 4,702 Zimbabwe 983 662 1,645

Overall total 681,347 345,534 1,026,881

Note: 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. Effective fiscal 2005, lending includes guarantees and guarantee facilities. Joint IBRD-IDA operations are counted only once, as IBRD operations. When more than one loan is made for a single project, the operation is counted only once. 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 and a Pandemic Emergency Financing (PEF) grant of $50 million in 2017.

Region ($ billions) (percent)Africa 63.7 28East Asia and Pacific 35.8 16Europe and Central Asia 25.7 11Latin America and the Caribbean 28.9 13Middle East and North Africa 15.8 7South Asia 53.9 24Other 0.1 0

Total 223.8 100

Sectora ($ billions) (percent)Agriculture, Fishing, and Forestry 20.2 9Education 18.4 8Energy and Extractives 34.9 16Financial Sector 9.6 4Health 12.8 6Industry, Trade, and Services 10.5 5Information and Communications Technologies 2.6 1Public Administration 25.6 11Social Protection 15.1 7Transportation 43.6 19Water, Sanitation, and Waste Management 30.5 14

Total 223.8 100

Active Project Portfolio by Region and Sector | June 30, 2017

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.

Annual Report 2017

New Operations Approved

Region Country Project Name and Development Objectives Project IDDate of

ApprovalFirst/Last

Maturity DateaFinancing

TypeFinancing Instrument

Additional Financing

SpecialFinancingb

Civil Society Involvementc

IBRD (US$)

IDA (US$)

IDA (SDRe)

Special Financing Grant (US$)

AFRAfrica (Regional) f

Financial Sector Development and Regionalization Project (Additional Financing) establishes the foundation for financial sector integration among East African Community partner states.

P160770 9/30/2016 - g IPF Yes - - - 10.5 7.6 -

AFRAfrica (Regional) g

Second Regional Trade Facilitation and Competitiveness Development Policy Financing reduces trade transaction costs along the Abidjan-Ouagadougou corridor by supporting the implementation of the reform programs in Burkina Faso and Côte d'Ivoire for the transport and customs sectors.

P158333 12/13/2016 2022 / 2054 c DPF - - - - 100.0 71.8 -

AFRAfrica(Regional) h

West Africa Agricultural Productivity Program (Additional Financing) generates and accelerates adoption of improved technologies in the participating countries' top agricultural commodity priority areas that are aligned with the sub-region's top agricultural commodity priorities, as outlined in the ECOWAP.

P158983 2/3/2017 2023 / 2054 c IPF Yes - - - 68.0 60.4 -

AFRAfrica(Regional) i

Regional Disease Surveillance Systems Enhancement (Second Phase) strengthens national and regional cross‐sectoral capacity for collaborative disease surveillance and epidemic preparedness in West Africa, thereby addressing systemic weaknesses within the animal and human health systems that hinder effective disease surveillance and response; and provides immediate and effective response to eligible emergencies.

P159040 3/1/2017 2022 / 2055 c, g IPF - - Yes - 147.0 109.0 -

AFRAfrica(Regional) j

West Africa Regional Communications Infrastructure Project contributes to increasing the geographical reach of broadband networks and to reducing costs of communication services in Guinea-Bissau, and between Guinea-Bissau and ECOWAS countries.

P155876 3/24/2017 2023 / 2054 c IPF - - Yes - 35.0 25.8 -

AFRAfrica(Regional) k

Second South West Indian Ocean Fisheries Governance and Shared Growth Project improves the management of selected fisheries at the regional, national, and community levels and increases access by targeted fishers to alternative livelihood activities.

P153370 3/28/2017 2023 / 2055 c, g IPF - - Yes - 74.0 54.6 -

AFRAfrica (Regional) l

Development Response to Displacement Impacts Project in the Horn of Africa improves access to basic social services, expands economic opportunities, and enhances environmental management for communities hosting refugees in the target areas.

P161067 4/26/2017 2023 / 2055 c, g IPF - - Yes - 103.0 76.2 -

AFR AngolaSmallholder Agriculture Development and Commercialization Project increases smallholder agriculture productivity, production, and marketing for selected crops in the project areas.

P154447 7/5/2016 2021 / 2035 l IPF - - Yes 70.0 - - -

AFR AngolaAngola Statistics Project strengthens the capacity of the National Institute for Statistics to fill data gaps, improve statistical production, and enhance statistical dissemination practices.

P157671 12/7/2016 2022 / 2046 l IPF - - - 62.0 - - -

AFR AngolaSecond Water Sector Institutional Development Project strengthens the institutional capacity of selected water sector agencies and increases water service coverage in target cities.

P151224 3/10/2017 2023 / 2046 l IPF - - - 200.0 - - -

AFR Benin

Small Town Water Supply and Urban Septage Management Project increases access to water supply and sanitation in selected small towns and urban areas; strengthens service delivery capacity of water supply and sanitation sector institutions in selected small towns and urban areas; and in the event of an eligible crisis or emergency, provides for an immediate and effective response.

P156738 12/19/2016 2023 / 2054 c IPF - - Yes - 68.0 48.4 -

AFR BeninAgricultural Productivity and Diversification Project (Additional Financing) restores and improves productivity and value addition for selected value chains in the recipient's territory.

P160029 4/14/2017 2023 / 2055 c IPF Yes - Yes - 45.0 32.8 -

AFR BeninEnergy Service Improvement Project improves the state-owned power distribution utility's operational performance, expands electricity access in targeted areas, and promotes community-based management of forest resources.

P161015 6/23/2017 2026 / 2047 c IPF - - - - 60.0 44.5 -

AFR BotswanaEmergency Water Security and Efficiency Project improves the availability of water supply in drought-vulnerable areas, increases the efficiency of Water Utilities Corporation, and strengthens wastewater management in selected systems.

P160911 3/1/2017 2021 / 2036 l IPF - - Yes 145.5 - - -

AFR Burkina Faso

First Energy and Fiscal Management Development Policy Financing supports the government to improve the financial sustainability of the energy sector; diversify energy and improve the legal and institutional framework of the energy sector; and strengthen tax collection and public procurement processes.

P157060 12/20/2016 2023 / 2054 c, g DPF - - Yes - 100.0 71.9 -

AFR Burkina FasoTransport Sector Modernization and Corridor Trade Facilitation Project improves the efficiency and safety of transport services on the Burkinabé section of the Ouagadougou-Abidjan road transport corridor.

P156892 1/12/2017 2023 / 2054 c IPF - - Yes - 20.0 14.5 -

Summaries of Operations Approved during Fiscal 2017Principal Commitment Amounts (millions)d

http://projects.worldbank.org/P160770?lang=en

















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)


Principal Commitment Amounts (millions)d

AFR Burkina Faso

eBurkina Project improves the capacity and use of information and communication technologies by public administrations and agencies for the provision of information and public e-services and to foster entrepreneurship in the digital economy, with a specific focus on agriculture and rural areas.

P155645 1/18/2017 2023 / 2054 c IPF - - Yes - 20.0 14.9 -

AFR Burkina FasoElectricity Sector Support Project (Additional Financing) contributes to increasing access to electricity, improving the reliability of electricity supply, and improving efficient use of energy in targeted areas.

P160344 6/8/2017 2023 / 2055 c IPF Yes - - - 80.0 60.7 -

AFR BurundiAgro-Pastoral Productivity and Markets Development Project (Additional Financing) increases small producers' productivity and market access for targeted commodities.

P161447 12/15/2016 - g IPF Yes - Yes - 25.0 18.0 -

AFR Burundi

Social Safety Nets Project (Merankabandi ) provides regular cash transfers to extreme poor and vulnerable households with children in selected areas while strengthening the delivery mechanisms for the development of a basic social safety net system.

P151835 12/15/2016 - g IPF - - Yes - 40.0 29.2 -

AFR BurundiHealth System Support Project increases the use of quality reproductive, maternal, neonatal, child, and adolescent health services, and provides immediate and effective response in the event of an eligible crisis or emergency.

P156012 2/24/2017 - g IPF - - - - 50.0 37.2 -

AFR Burundi

Great Lakes Regional Integrated Agriculture Development Project increases agricultural productivity and commercialization in targeted areas, improves agricultural regional integration, and provides immediate and effective response in the event of an eligible crisis or emergency.

P161781 5/5/2017 - g IPF - - Yes - 75.0 55.4 -

AFR Cabo VerdeTransport Sector Reform Project (Additional Financing) supports efforts to improve the efficiency and management of the country's national road assets and to lay the groundwork for transport sector state-owned enterprise reform.

P161248 6/15/2017 2027 / 2057 c IPF Yes - - - 27.0 19.7 -

AFR Cameroon

Livestock Development Project improves productivity of selected livestock production systems and the commercialization of their products for the targeted beneficiaries, and provides immediate and effective response in the event of an eligible crisis or emergency.

P154908 10/27/2016 2022 / 2041 c IPF - - Yes - 100.0 71.8 -

AFR Cameroon

Transport Sector Development Project strengthens transport planning, improves transport efficiency and safety on the Babadjou–Bamenda section of the

Yaounde–Bamenda transport corridor, and enhances safety and security at selected airports.

P150999 10/27/2016 2023 / 2046 l IPF - - Yes 192.0 - - -

AFR Cameroon Electricity Transmission and Reform Project improves the capacity, efficiency, and reliability of the country's national electricity transmission network. P152755 12/7/2016 2024 / 2046 l IPF - - Yes 325.0 - - -

AFR CameroonMining Sector Capacity Building Project (Additional Financing) improves the efficiency and transparency of mining sector management and the frameworks for sustainable mining development.

P160917 3/31/2017 2022 / 2042 c IPF Yes - - - 26.9 19.9 -

AFR CameroonHydropower Development on the Sanaga River Technical Assistance Project improves the country's institutional capacity for the sustainable development of hydroelectric resources on the Sanaga River Basin.

P157733 5/11/2017 2022 / 2042 c IPF - - Yes - 26.3 20.0 -

AFR Central African RepublicFirst State Consolidation Development Policy Financing supports the reestablishment of basic fiscal management and transparency as well as supports economic recovery.

P160123 12/1/2016 - g DPF - - Yes - 20.0 14.4 -

AFR Central African RepublicData for Decision Making Project increases the capacity of the national statistical institute to produce and publicly disseminate statistics through data recovery, institutional development, and support to data production.

P160717 3/31/2017 - g IPF - - Yes - 10.0 7.4 -

AFR Central African RepublicReintegration of Ex-Combatants Project supports the social and economic reintegration of demobilized ex-combatants and improves access to socio-economic infrastructure and economic opportunities for host communities.

P160272 4/13/2017 - g IPF - - Yes - 30.0 22.2 -

AFR Central African RepublicService Delivery and Support to Communities Affected by Displacement Project increases access to basic services, infrastructure, and safety nets for communities affected by forced displacement.

P161591 5/16/2017 - g IPF - - Yes - 28.0 20.7 -

AFR Central African Republic Public Expenditure and Investment Management Reform Project improves management and transparency of public expenditures and public investments. P161730 6/19/2017 - g IPF - - Yes - 10.0 7.3 -

AFR Central African RepublicRural Connectivity Project improves rural road connectivity to markets and social services, and in the event of an eligible crisis or emergency, provides for an immediate and effective response.

P160500 6/30/2017 - g IPF - - Yes - 45.0 32.6 -

AFR Chad Safety Nets Project pilots cash transfers and cash-for-work interventions to the poor and lays the foundations of an adaptive safety nets system. P156479 9/1/2016 - g IPF - - Yes - 5.0 3.6 -





















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



AFR ChadFiscal Consolidation Program Development Policy Financing helps maintain stability on fiscal and macroeconomic aspects, including protection of critical government programs, and to sets the basis for medium‐term reforms.

P162548 12/21/2016 - g DPF - - - - 80.0 58.3 -

AFR ChadStatistical Development Project strengthens the capacity of the national statistics institute to collect, process, and disseminate data with improved quality, frequency, and timeliness.

P159434 4/3/2017 - g IPF - - Yes - 12.0 8.9 -

AFR ChadEducation Sector Reform Project (Second Phase, Additional Financing) improves teaching and learning conditions in primary scools nationwide and upper secondary schools in selected areas.

P163740 6/23/2017 - g IPF Yes - Yes - 50.0 36.5 -

AFR Chad

Emergency Fiscal Stabilization Development Policy Financing supports immediate fiscal stabilization through expenditure rationalization, and establishes social protection mechanisms that help mitigate related negative social effects on the poor and vulnerable.

P163968 6/29/2017 - g DPF - - Yes - 65.0 47.0 -

AFR Comoros Comoros Statistics Project strengthens the capacity of the National Statistical Office to improve the production and dissemination of statistics. P159437 1/9/2017 - g IPF - - - - 2.5 1.9 -

AFR Congo, Dem. Rep.Public Financial Management and Accountability Project (Additional Financing) improves domestic revenue mobilization, public expenditure management, and accountability at the central level and in selected provinces.

P159160 2/14/2017 - g IPF Yes - Yes - 50.0 37.0 -

AFR Congo, Dem. Rep.Agriculture Rehabilitation and Recovery Project (Additional Financing) increases agricultural productivity and improves the marketing of crops and animal products in targeted areas.

P159037 3/22/2017 2023 / 2055 c IPF Yes - Yes - 75.0 55.8 -

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

P157864 3/31/2017 2023 / 2054 c IPF Yes - Yes - 120.0 88.4 -

AFR Congo, Dem. Rep.Urban Development Project (Additional Financing) improves access to basic services and infrastructure and strengthens urban and municipal management of the target cities.

P157114 5/4/2017 2023 / 2055 c IPF Yes - Yes - 90.0 66.5 -

AFR Congo, Dem. Rep. Electricity Access and Services Expansion Project expands access to electricity in targeted areas. P156208 5/4/2017 2023 / 2055 c, g IPF - - Yes - 145.0 106.8 -

AFR Congo, Dem. Rep.Public Service Reform and Rejuvenation Project (Additional Financing) strengthens and rejuvenates the civil service in selected ministries at the central and provincial levels.

P160612 5/16/2017 - g IPF Yes - Yes - 45.0 33.3 -

AFR Congo, Rep.Central African Backbone Project (Third Phase, Additional Financing) contributes to increase geographical reach and usage of regional broadband network services and to reduces their prices.

P160292 3/30/2017 2022 / 2042 c IPF Yes - - - 5.0 3.7 -

AFR Congo, Rep.

Lisungi Safety Nets System Project (Additional Financing) strengthens the social safety nets system and its programs aimed at improving both access to health and education services and productivity among poor and vulnerable households in participating areas.

P161154 3/30/2017 2022 / 2042 c IPF Yes - - - 10.0 7.4 -

AFR Congo, Rep. Integrated Public Sector Reform Project improves public resources management and accountability in the country. P160801 5/4/2017 2022 / 2042 c IPF - - Yes - 40.0 29.6 -

AFR Côte d'IvoireTransport Sector Modernization and Corridor Trade Facilitation Project improves the efficiency and safety of transport services on the Ivorian section of the Abidjan–Ouagadougou road transport corridor.

P156900 7/5/2016 2021 / 2041 c IPF - - Yes - 30.0 21.1 -

AFR Côte d'Ivoire Infrastructure Renewal and Urban Management Project (Additional Financing) improves access to basic infrastructure in targeted urban and rural areas. P156253 8/2/2016 2021 / 2041 c IPF Yes - - - 60.0 43.2 -

AFR Côte d'Ivoire

Urban Water Supply Project improves quality of, and increases access to, water services in selected urban areas and strengthens capacity of the National Water Agency for financial planning and financial management of the urban water supply sector.

P156739 12/9/2016 2022 / 2041 c IPF - - - - 50.0 35.1 -

AFR Côte d'IvoireFirst Fiscal Management, Education, and Energy Reforms Development Policy Financing supports government reforms in the areas of fiscal management, education, and electricity.

P158463 12/15/2016 2022 / 2041 c DPF - - Yes - 75.0 53.3 -

AFR Côte d'IvoireElectricity Transmission and Access Project contributes to the improvement of the efficiency and reliability of electricity supply and increased access to electricity in Côte d’Ivoire.

P157055 3/30/2017 2026 / 2046 c IPF - - Yes - 325.0 239.2 -

AFR Côte d'IvoireInfrastructure for Urban Development and Competitiveness of Second Cities Project creates conditions for improved competitiveness in targeted secondary cities.

P151324 6/2/2017 2022 / 2040 c IPF - - - - 120.0 91.2 -

AFR Eastern Africa mSomalia Emergency Drought Response and Recovery Project addresses the immediate needs of the drought affected people within the territory of the Federal Republic of Somalia, and supports resilient recovery through the provision of livelihood opportunities and the restoration of agricultural and pastoral production.

P163830 5/30/2017 - g IPF - - Yes - 50.0 36.5 -

AFR EthiopiaSecond Urban Water Supply and Sanitation Project increases access to enhanced water supply and sanitation services in an operationally efficient manner in Addis Ababa and selected cities.

P156433 3/31/2017 2021 / 2041 c IPF - - - - 445.0 328.6 -
























ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



AFR EthiopiaTrade Logistics Project enhances the performance of the Ethio-Djibouti corridor through improvements in operational capacity, efficiency, and range of logistics services at the Modjo Dry Port.

P156590 3/31/2017 2023 / 2054 c IPF - - Yes - 150.0 110.4 -

AFR Ethiopia National Quality Infrastructure Development Project improves the delivery of quality assurance services to enterprises in the targeted sectors. P160279 3/31/2017 2023 / 2054 c IPF - - Yes - 50.0 37.2 -

AFR EthiopiaFourth Productive Safety Net Project (Additional Financing) increases access to safety net and disaster risk management systems, complimentary livelihoods services and nutrition support for food insecure households in rural areas.

P163350 5/2/2017 2023 / 2055 c IPF Yes - - - 108.1 79.7 -

AFR EthiopiaHealth Sustainable Development Goals Program-for-Results (Additional Financing) improves the delivery and use of a comprehensive package of maternal and child health services.

P160108 5/9/2017 2023 / 2055 c PforR Yes - Yes - 150.0 110.6 -

AFR GabonStatistical Development Project strengthens the statistical capacity of Gabon, fill key data gaps, improve statistical production, and enhance statistical dissemination practices.

P157473 3/30/2017 2022 / 2037 l IPF - - - 50.0 - - -

AFR Gambia, TheResults for Education Achievement and Development Project (Additional Financing) increases access to basic education, improves the quality of teaching and learning in lower-basic schools, and strengthens education systems.

P160282 9/14/2016 - g IPF Yes - - - 7.5 5.4 -

AFR Gambia, The Integrated Financial Management Information Systems Project (Additional Financing) increases the recipient's capacity in public resource management. P159000 9/27/2016 2023 / 2054 c IPF Yes - - - 5.0 3.6 -

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

P159693 1/9/2017 2023 / 2054 c, g IPF Yes - - - 7.5 5.6 -

AFR Gambia, The Emergency Development Policy Financing supports strengthening the government's fiscal position while restoring the provision of essential public services. P163285 6/30/2017 2023 / 2055 c DPF - - - - 56.0 40.6 -

AFR Ghana Economic Management Strengthening Project strengthens the government's institutional capacity for revenue and expenditure management. P152171 8/30/2016 2022 / 2041 c IPF - - - - 15.0 10.8 -

AFR GhanaTransport Sector Improvement Project reduces travel time on selected parts of the classified road network in northern Ghana, promotes road safety, and strengthens the institutional management of the transport sector.

P151026 6/6/2017 2022 / 2042 c IPF - - Yes - 150.0 110.6 -

AFR GhanaSustainable Rural Water and Sanitation Project (Additional Financing) expands access to and ensures sustainability of water and sanitation services in rural and small town communities in six regions over the next six years.

P163846 6/28/2017 2022 / 2042 c IPF Yes - - - 45.7 33.0 -

AFR GhanaSecondary Education Improvement Project (Additional Financing) increases access to senior secondary education in underserved districts and improves quality in low-performing senior high schools.

P163628 6/28/2017 2022 / 2042 c IPF Yes - - - 40.0 28.9 -

AFR GuineaEconomic Governance Technical Assistance and Capacity Building Project (Additional Financing) modernizes public financial and human resources management and enhances statistical capacity in the country.

P157662 6/9/2017 - g IPF Yes - Yes - 22.0 16.1 -

AFR Guinea Urban Water Project increases access to improved water services in the Greater Conakry area and improves the operational efficiency of the urban water utility. P157782 6/27/2017 - g IPF - - Yes - 30.0 21.9 -

AFR Guinea-Bissau

Emergency Water and Electricity Services Upgrading Project (Additional Financing) restores and increases the access of the population of the capital city of Bissau to safe water and improves the quality of water services; improves the reliability of electricity supply to the population of Bissau; and improves the performance of the Electricity and Water Utility of Guinea-Bissau.

P161630 5/30/2017 2023 / 2055 c, g IPF Yes - Yes - 25.0 18.5 -

AFR Kenya

National Agricultural and Rural Inclusive Growth Project increases agricultural productivity and profitability of targeted communities in selected counties, and in the event of an eligible crisis or emergency, provides for an immediate and effective response.

P153349 8/23/2016 2022 / 2054 c IPF - - Yes - 200.0 142.6 -

AFR Kenya

Climate-Smart Agriculture Project increases agricultural productivity and builds resilience to climate change risks in the targeted smallholder farming and pastoral communities in Kenya, and provides immediate and effective response in the event of an eligible crisis or emergency.

P154784 2/9/2017 2023 / 2054 c IPF - - - - 250.0 184.7 -

AFR KenyaNational Safety Net Program-for-Results (Additional Financing) supports the country's efforts to establish an effective national safety net program for poor and vulnerable households.

P161179 4/26/2017 2023 / 2055 c PforR Yes - - - 50.0 36.8 -

AFR Kenya Water and Sanitation Development Project improves water supply and sanitation services in select coastal and northeastern regions in the country. P156634 4/26/2017 2026 / 2047 c IPF - - Yes - 300.0 224.9 -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



AFR Lesotho

Social Assistance Project (Additional Financing) supports the government in improving the efficiency, equity, and short responsive function of selected social assistance programs and, in the event of an eligible crisis or emergency, provides for an immediate and effective response.

P160934 12/6/2016 2022 / 2041 c IPF Yes - - - 20.0 14.6 -

AFR LesothoSecond Private Sector Competitiveness and Economic Diversifiecation Project (Additional Financing) improves the business environment for firms, strengthens select government institutions, and further diversifies the economy.

P160964 3/24/2017 2022 / 2042 c IPF Yes - - - 13.4 10.0 -

AFR Liberia

Third Poverty Reduction Support Development Policy Financing strengthens governance with particular emphasis on transparency and accountability as well as budget execution and oversight; addresses key constraints to growth, including electricity; and improves human capital development particularly through improved access to education and health.

P151502 11/17/2016 - g DPF - - Yes - 40.0 28.7 -

AFR LiberiaRoad Asset Management Project (Second Additional Financing) supports efforts to reduce transport costs along the road corridor from Monrovia to the Guinea border and to maintain the road in good condition over a 10-year period.

P161939 5/8/2017 2023 / 2054 c IPF Yes - - - 40.0 29.2 -

AFR Liberia

Third Poverty Reduction Support Development Policy Financing helps to sustain and deepen government-owned reform efforts in the context of the implementation of the Agenda for Transformation, the government’s medium-term

development program.

P163164 6/26/2017 2023 / 2055 c, g DPF - - - - 12.0 8.9 -

AFR MadagascarSocial Safety Net Project (Additional Financing) supports the government in increasing the access of extremely poor households to safety net services and in laying the foundation for a social protection system.

P160554 11/10/2016 - g IPF Yes - Yes - 35.0 25.1 -

AFR MadagascarPublic Finance Sustainability and Investment Development Policy Financing strengthens the country's fiscal framework and enhances the environment for investment.

P160866 11/22/2016 - g DPF - - Yes - 65.0 46.6 -

AFR Madagascar

Sustainable Landscape Management Project increases access to improved irrigation services and agricultural inputs, strengthens the integrated management of natural resources by local actors, and provides immediate and effective response in the event of an eligible crisis or emergency.

P154698 3/23/2017 2023 / 2055 c IPF - - Yes - 65.0 48.4 -

AFR MadagascarStatistical Capacity Building Project strengthens the capacity of the National Statistics Institute to produce quality statistics and enhances its statistical dissemination practices.

P160071 3/29/2017 2023 / 2055 c IPF - - - - 30.0 22.4 -

AFR Malawi

Strengthening Safety Nets Systems Project—Fourth Malawi Social Action Fund (Second Additional Financing) improves resilience among poor households and strengthens Malawi's social safety net delivery system and coordination across programs.

P160519 11/8/2016 2022 / 2054 c, g IPF Yes - - - 70.0 50.2 -

AFR MalawiDrought Recovery and Resilience Project supports the government to meet the immediate food security and livelihoods restoration needs of the communities affected by drought, and promotes recovery and resilience in key affected sectors.

P161392 11/8/2016 - g IPF - - - - 104.0 74.6 -

AFR Malawi

Agricultural Support and Fiscal Management Development Policy Financing improves incentives for private sector participation in agricultural markets and strengthens fiscal management through more effective expenditure controls and greater transparency.

P153753 5/4/2017 2023 / 2055 c DPF - - Yes - 80.0 58.9 -

AFR Malawi Agricultural Commercialization Project increases commercialization of agriculture value chain products selected under the project. P158434 5/23/2017 2023 / 2055 c IPF - - Yes - 95.0 70.1 -

AFR MalawiDigital Malawi Program (First Phase) increases access to affordable, high quality internet services for government, business, and citizens and improves the government's capacity to deliver digital public services.

P160533 6/5/2017 2023 / 2055 c IPF - - - - 72.4 53.4 -

AFR Mali Support to Agro-Industrial Competitiveness Project increases the processing of agricultural products for targeted value chains in the selected geographic areas. P151449 11/22/2016 2023 / 2054 c IPF - - Yes - 30.0 21.5 -

AFR Mali Reinsertion of Ex-Combatants Project supports the socioeconomic reinsertion of demobilized ex-combatants. P157233 2/28/2017 - g IPF - - - - 15.0 11.2 -

AFR MaliFirst Poverty Reduction and Inclusive Growth Support Development Policy Financing fosters inclusive growth and supports pro-poor decentralized transfers and social protection.

P157900 5/30/2017 2023 / 2055 c DPF - - Yes - 50.0 37.9 -

AFR Mali Renewable Energy Power Guarantee Project increases the supply of renewable energy by independent power producers. P148355 6/8/2017 - gu IPF - - - - 6.2 - -

AFR MauritaniaFirst Fiscal Consolidation and Private Sector Support Development Policy Financing supports fiscal consolidation and private sector participation in non-extractives sectors.

P160592 12/15/2016 - g DPF - - Yes - 26.0 19.0 -





















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



AFR MauritaniaHealth System Support Project improves utilization and quality of reproductive maternal, neonatal, and child health services in selected regions, and in the event of an eligible crisis or emergency, provides for an immediate and effective response.

P156165 5/19/2017 - g IPF - - Yes - 17.0 12.6 -

AFR Mozambique

Emergency Resilient Recovery Project (Additional Financing) restores the functionality of critical infrastructure in a resilient manner in the disaster-affected provinces, and improves the government's capacity to respond promptly and effectively to an eligible crisis or emergency.

P161559 1/13/2017 2023 / 2054 c IPF Yes - - - 20.0 14.8 -

AFR Mozambique Forest Investment Project improves the practices and enabling environment for forest and land management in targeted areas. P160033 3/7/2017 2023 / 2055 c IPF - - Yes - 15.0 11.2 -

AFR MozambiqueSocial Protection Project (Additional Financing) provides temporary income support to extremely poor households and puts in place the building blocks of a social safety net system.

P161351 3/10/2017 2023 / 2055 c IPF Yes - Yes - 10.0 7.4 -

AFR Mozambique Education Sector Support Project (Additional Financing) improves access to and quality and equity of education. P160959 6/2/2017 2023 / 2055 c IPF Yes - Yes - 59.0 43.5 -

AFR Niger

Second Public Investment Reform Support Development Policy Financing improves the quality, reliability, and accountability of the country’s public finance

management and public investment management systems; establishes the policy and regulatory framework necessary for a well-functioning public irrigation sector; and facilitates the reform of the electricity sector.

P159969 2/28/2017 - g DPF - - Yes - 50.0 37.2 -

AFR Niger Niger Solar Electricity Access Project increases access to electricity through solar energy in rural and peri-urban areas of the country. P160170 6/7/2017 2023 / 2055 c, g IPF - - Yes - 49.9 37.8 -

AFR Niger

Third Community Action Program (Additional Financing) strengthens the country's local development planning and implementation capacities, to support the targeted population in improving agriculture productivities, and responds promptly and effectively to an eligible crisis or emergency.

P163144 6/29/2017 - g IPF Yes - Yes - 20.8 15.2 -

AFR Nigeria

Multi-Sectoral Crisis Recovery Project for North Eastern Nigeria supports the government in rehabilitating and improving critical service delivery infrastructure, improving the livelihood opportunities of conflict and displacement-affected communities, and strengthening social cohesion in the participating states of Borno, Yobe, and Adamawa; and provides immediate and effective response in the event of an eligible crisis or emergency.

P157891 3/20/2017 2022 / 2042 c IPF - - Yes - 200.0 148.8 -

AFR NigeriaAgro-Processing, Productivity Enhancement, and Livelihood Improvement Support Project enhances agricultural productivity of small and medium scale farmers and improve value addition along priority value chains in participating states.

P148616 3/23/2017 2022 / 2042 c IPF - - Yes - 200.0 147.2 -

AFR Nigeria

Mineral Sector Support for Economic Diversification Project enhances the mining sector's contribution to the economy by strengthening key government institutions, improving information infrastructure and knowledge, and fostering domestice investment in the sector.

P159761 4/14/2017 2022 / 2041 c IPF - - Yes - 150.0 110.4 -

AFR NigeriaBetter Education Service Delivery for All Program-for-Results increases equitable access for out-of-school children, improves literacy in targeted states, and strengthens accountability for results in basic education.

P160430 6/20/2017 2022 / 2042 c PforR - - Yes - 611.0 445.7 -

AFR NigeriaKaduna State Economic Transformation Program-for-Results improves the business enabling environment and strengthens fiscal management and accountability in Kaduna State.

P161998 6/20/2017 2022 / 2042 c PforR - - Yes - 350.0 255.4 -

AFR RwandaThird Social Protection System Development Policy Financing supports the government to improve the efficiency, accountability, and coverage of its social protection system.

P158698 10/31/2016 2023 / 2054 c DPF - - Yes - 95.0 68.2 -

AFR RwandaTransportation of Agriculture Sector Program-for-Results (Third Phase, Additional Financing) increases and intensifies the productivity of the agricultural and livestock sectors and expands the development of value chains.

P161000 2/28/2017 2023 / 2055 c PforR Yes - - - 46.0 34.3 -

AFR Rwanda

Lake Victoria Transport Program improves the efficient and safe movement of goods and people along the regional corridor from the border crossing at Rusumo to the border crossing at Nemba and Rusizi together with upgrades to road asset management and road safety in Rwanda.

P160488 5/25/2017 2026 / 2047 c IPF - - - - 81.0 61.6 -

AFR São Tomé and Príncipe Power Sector Recovery Project increases renewable energy generation and improves the reliability of the electricity supply. P157096 7/5/2016 - g IPF - - Yes - 16.0 11.3 -

AFR São Tomé and Príncipe

Strengthening Growth and Fiscal Policy Development Policy Financing helps the government to introduce growth-enabling reforms in the financial sector, business environment, and infrastructure; generates fiscal resources and savings; and improves the quality of expenditures.

P159010 11/30/2016 - g DPF - - Yes - 5.0 3.6 -




















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



AFR SenegalElectricity Sector Support Project (Additional Financing) contributes to reducing SENELEC's technical and commercial losses and improving the reliability of electricity services in selected areas focusing primarily on Greater Dakar.

P158655 7/28/2016 2025 / 2046 c IPF Yes - - - 70.0 50.4 -

AFR SenegalTourism and Enterprise Development Project creates condition necessary to increase private investment in tourism in the 'Saly' area and strengthens enterprise development in the country.

P146469 4/26/2017 2023 / 2055 c IPF - - Yes - 74.0 55.6 -

AFR Senegal OMVS - Transmission Expansion Project enhances electricity trade among Mali, Mauritania, and Senegal. P147921 5/12/2017 2023 / 2055 c IPF - - Yes - 97.0 72.9 -

AFR Senegal Dakar Bus Rapid Transit Pilot Project enhances urban mobility between Dakar and Guédiawaye through the development of a bus rapid transit corridor. P156186 5/25/2017 2022 / 2055 c IPF - - Yes - 300.0 228.0 -

AFR Senegal

Supporting Gas Project Negotiations and Enhancing Institutional Capacities enhances the government's capacity to progress negotiations toward final investment decisions, and lays the foundations for the sector's contributions to the economy through enhanced legal and regulatory framework and capacity building.

P160652 5/26/2017 2023 / 2055 c IPF - - - - 29.0 22.1 -

AFR Senegal

First Multi-Sectoral Structural Reforms Development Policy Financing supports efforts to strengthen the governance and management of the energy sector to reduce costs, improve reliability, and facilitate equitable access; and to enhance the legal and regulatory framework of the information and communication technology sector to promote competition, investment, and equitable access.

P159023 6/30/2017 2023 / 2055 c DPF - - Yes - 60.0 45.0 -

AFR Sierra Leone Western Area Power Generation Project increases the power generated by independent power producers and mobilizes private capital. P153805 7/14/2016 - gu IPF - - - - 40.0 - -

AFR Sierra LeonePublic Financial Management Improvement and Consoildation Project (Additional Financing) improves the public financial management system and accountability in the use of government finances.

P162667 6/7/2017 2023 / 2055 c IPF Yes - Yes - 10.0 7.3 -

AFR Sierra LeoneRevitalizing Education Development in Sierra Leone Project (Additional Financing) improves the learning environment in targeted schools and establishes systems for monitoring of education interventions and outcomes.

P163161 6/20/2017 2023 / 2055 c IPF Yes - Yes - 10.0 7.3 -

AFR Sierra Leone

Productivity and Transparency Support Development Policy Financing contributes to the government's objective of achieving sustainable and inclusive economic development through increasing productivity in selected economic sectors and improving transparency and accountability in selected government decision making processes.

P156651 6/30/2017 2023 / 2055 c, g DPF - - Yes - 30.0 22.0 -

AFR South AfricaLand Bank Financial Intermediation Project sustainably scales up the Land and Agricultural Development Bank of South Africa’s financing, specifically to benefit

emerging farmers.P150008 1/23/2017 2021 / 2047 l IPF - - Yes 93.0 - - -

AFR South Sudan

South Sudan Emergency Food and Nutrition Security Project provides food and nutrition support for the protection of lives and human capital of eligible beneficiaries, and helps farmers re-engage in agricultural production in selected drought-affected areas.

P163559 5/4/2017 - g IPF - - Yes - 50.0 36.9 -

AFR SwazilandImproving Public Sector Performance Project improves public sector performance in selected ministries, departments, and agencies through the strengthening of human and public resources management and use of data.

P152528 1/12/2017 2023 / 2040 l IPF - - - 25.0 - - -

AFR TanzaniaSecond Water Sector Suport Project strengthens the capacity for integrated water resources planning and management, and improves access to water supply and sanitation services in an operationally efficient manner in Dar es Salaam.

P150361 1/23/2017 2023 / 2054 c IPF - - Yes - 225.0 166.3 -

AFR Tanzania Strategic Cities Project (Second Additional Financing) improves the quality of and access to basic urban services in participating local government authorities. P159489 2/27/2017 2026 / 2047 g IPF Yes - - - 130.0 96.1 -

AFR TanzaniaDar es Salaam Urban Transport Improvement Project improves transport mobility, accessibility, safety, and quality of transport service delivery along the selected corridors in Dar es Salaam.

P150937 3/8/2017 2023 / 2054 c IPF - - Yes - 425.0 316.2 -

AFR Tanzania Education Program-for-Results (Additional Financing) improves education quality in the country's primary and secondary schools. P162470 5/23/2017 2023 / 2054 c PforR - - - - 80.0 59.0 -

AFR TanzaniaDar es Salaam Maritime Gateway Project improves the effectiveness and efficiency of the Port of Dar es Salaam for the benefit of public and private stakeholders.

P150496 6/30/2017 2026 / 2047 c IPF - - Yes - 345.0 248.0 -

AFR Togo Employment Opportunities for Vulnerable Youth Project provides access to income generating opportunities to targeted poor and vulnerable youth. P157036 3/21/2017 - g IPF - - - - 15.0 11.1 -

AFR TogoSafety Nets and Basic Services Project provides poor communities and households with greater access to basic socioeconomic infrastructure and social safety nets.

P157038 3/21/2017 - g IPF - - Yes - 29.0 21.4 -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



AFR Togo

Agriculture Sector Support Project (Additional Financing) rehabilitates and reinforces productive capacities among targeted benficiaries across selected value chains and fosters an enabling institutional environment for the development of the agricultural sector.

P159637 4/14/2017 2023 / 2055 c IPF Yes - Yes - 20.0 14.7 -

AFR Togo Trade and Logisitics Services Competitiveness Project improves the efficiency of trade logisitics services in the country. P158982 5/4/2017 2023 / 2054 c IPF - - - - 18.0 13.6 -

AFR Uganda

Reproductive, Maternal, and Child Health Services Improvement Project improves utilization of essential health services with a focus on reproductive, maternal, newborn, child and adolescent health services in target districts, and scales-up birth and death registration services.

P155186 8/4/2016 2023 / 2054 c IPF - - Yes - 110.0 78.5 -

AFR Uganda

Strengthening Social Risk Management and Gender-Based Violence Prevention and Response Project increases participation in gender-based violence (GBV) prevention programs and utilization of multi-sectoral response services for survivors of GBV in targeted districts.

P160447 6/20/2017 2023 / 2055 c IPF - - Yes - 40.0 29.2 -

AFR UgandaIntergovernmental Fiscal Transfers Program-for-Results improves the adequacy and equity of fiscal transfers and improves fiscal management of resources by local governments for health and education services.

P160250 6/27/2017 2023 / 2055 c PforR - - Yes - 200.0 145.9 -

AFR Zambia Agribusiness and Trade Project contributes to increased market linkages and firm growth in agribusiness. P156492 12/16/2016 2022 / 2041 c IPF - - Yes - 40.0 29.2 -

AFR Zambia

Mining and Environmental Remediation and Improvement Project reduces environmental health risk to the local population in critically polluted mining areas in Chingola, Kabwe, Kitwe, and Mufulira municipalities, including lead exposure in Kabwe municipality.

P154683 12/16/2016 2022 / 2041 c IPF - - Yes - 65.6 47.8 -

AFR Zambia West Lunga Scaling Solar Energy Project increases solar electricity generation capacity and diversifies electricity generation resources. P157943 2/16/2017 - gu IPF - - - - 3.5 - -

AFR Zambia

Integrated Forest Landscape Project improves landscape management in increases envrionmental and economic benefits for targeted rural communities in the Eastern Province and to improve the country's capactiy to respond promptly and effectively to an eligible crisis or emergency.

P161490 5/4/2017 2022 / 2042 c IPF - - Yes - 17.0 12.6 -

AFR Zambia

Improved Rural Connectivity Project improves the country's rural road accessibility for communities in selected areas; strengthens institutional capacity for sustainable management of rural roads; and responds promptly and effectively to an eligible crisis or emergency.

P159330 5/4/2017 2026 / 2041 c IPF - - Yes - 200.0 146.2 -

AFR Zambia Electricity Service Access Project increases electricity access in targeted rural areas. P162760 6/27/2017 2022 / 2042 c IPF - - Yes - 26.5 19.4 -

EAP Cambodia

Livelihood Enhancement and Association of the Poor Project improves access of poor and vulnerable households in selected communities to financial services, opportunities for generating income, and small-scale infrastructure, and provides immediate and effective response in case of an eligible crisis or emergency.

P153591 2/24/2017 2023 / 2054 c IPF - - Yes - 20.2 15.1 -

EAP Cambodia Cambodia Southeast Asia Disaster Risk Management Project improves climate resilient rural road connectivity in selected provinces. P160929 4/14/2017 2023 / 2054 c IPF - - Yes - 60.0 44.2 -

EAP CambodiaSecondary Education Improvement Project expands lower-secondary education to achieve minimum standards in target areas, and provides for an immediate and effective response in case of an eligible crisis or emergency.

P157858 4/14/2017 2023 / 2054 c IPF - - - - 40.0 29.5 -

EAP ChinaNingbo Sustainable Urbanization Project improves the use of urban public space and urban mobility, and reduces flood risk in selected counties in Ningbo Municipality.

P149485 7/15/2016 2021 / 2046 l IPF - - - 150.0 - - -

EAP China

Lushan Earthquake Reconstruction and Risk Reduction Project improves access to disaster resilient infrastructure and strengthens risk reduction in select municipalities of Sichuan Province and improves emergency preparedness in Shimian County in Sichuan Province.

P153548 10/13/2016 2022 / 2045 l IPF - - - 300.0 - - -

EAP ChinaYunnan Early Childhood Education Innovation Project improves the access and quality of early childhood education provision in the project counties of Yunnan Province.

P152860 12/9/2016 2022 / 2049 l IPF - - Yes 50.0 - - -

EAP ChinaGuangxi Rural Poverty Alleviation Pilot Project increases income generation opportunities through demonstration of value chain development models in the project counties.

P153892 12/21/2016 2023 / 2042 l IPF - - - 100.0 - - -

EAP China

Chongqing-Dadukou Fiscal Sustainability Development Policy Financing supports the Chongqing‐Dadukou District Government in achieving fiscal sustainability through a forward‐looking, comprehensive, and transparent public finance framework that integrates budget, public investment, and debt management.

P157404 1/10/2017 2027 / 2040 l DPF - - - 200.0 - - -





















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



EAP China

Hunan Fiscal Sustainability Development Policy Financing supports the Hunan Provincial Government to achieve fiscal sustainability by developing a forward-looking, comprehensive, and transparent public finance framework that integrates budget, public investment, and debt management.

P157406 1/10/2017 2022 / 2040 l DPF - - - 200.0 - - -

EAP China Shaanxi Poor Rural Areas Community Development Project increases incomes of targeted beneficiaries in selected poor counties of Shaanxi. P153541 2/9/2017 2023 / 2045 l IPF - - - 100.0 - - -

EAP ChinaAnhui Road Maintenance Innovation and Demonstration Project improves highway maintenance delivery and asset management capacity in the participating municipalities and county in Anhui Province.

P153173 2/21/2017 2023 / 2036 l IPF - - - 150.0 - - -

EAP ChinaSecond Gansu Cultural and Natural Heritage Protection and Development Project conserves cultural and natural heritage, enhances tourism services, and improves community services in selected project sites in Gansu Province.

P149528 2/24/2017 2022 / 2046 l IPF - - - 100.0 - - -

EAP ChinaPoyang Lake Basin Town Water Environment Management Project reduces the pollutant discharge into selected waterways, and improves management of water quality in selected counties in the Poyang Lake basin within Jiangxi Province.

P153604 3/16/2017 2025 / 2042 l IPF - - - 150.0 - - -

EAP ChinaGansu Technical and Vocational Education and Training Project improves the quality and relevance of project schools in Gansu and strengthen the school and industry linkage.

P154623 3/31/2017 2023 / 2047 l IPF - - - 120.0 - - -

EAP China Health Reform Program-for-Results improves the quality of healthcare services and the efficiency of the healthcare delivery systems in Anhui and Fujian provinces. P154984 5/9/2017 2022 / 2051 l PforR - - - 600.0 - - -

EAP China Three Gorges Modern Logistics Center Infrastructure Project improves freight transport and logistics services in Yichang. P153473 6/30/2017 2023 / 2047 l IPF - - - 200.0 - - -

EAP FijiPacific Regional Connectivity Program: Fiji Connectivity Project reduces the cost and increases the availability of internet services in the Northern Division of the country's territory.

P159297 11/30/2016 2022 / 2034 l IPF - - - 6.0 - - -

EAP Indonesia National Slum Upgrading Project improves access to urban infrastructure and services in targeted slums. P154782 7/12/2016 2023 / 2032 l IPF - - Yes 216.5 - - -

EAP Indonesia First Logistics Reform Development Policy Financing reduces the costs and improve the reliability of the logistics chain in Indonesia. P158140 11/2/2016 2025 / 2036 l DPF - - - 400.0 - - -

EAP IndonesiaDam Operational Improvement and Safety Project (Second Phase, Additional Financing) increases the safety and functionality of dams in selected locations and strengthens the operation and management capacity for dam safety.

P161514 2/27/2017 2025 / 2032 l IPF Yes - - 125.0 - - -

EAP IndonesiaRegional Infrastructure Development Fund Project increases access to infrastructure finance at the subnational level through a financially sustainable financial intermediary.

P154947 3/10/2017 2022 / 2026 l IPF - - - 100.0 - - -

EAP Indonesia National Affordable Housing Program Project improves access to affordable housing for lower income households. P154948 3/17/2017 2022 / 2031 l IPF - - Yes 450.0 - - -

EAP IndonesiaInfrastructure Finance Facility Project (Additional Financing) strengthens the financial capacity of PT Indonesia Infrastructure Finance to increase the access to private sector financing for infrastructure in Indonesia.

P154779 3/24/2017 2027 / 2036 l IPF Yes - - 200.0 - - -

EAP IndonesiaSocial Assistance Reform Program-for-Results supports the conditional cash transfer program coverage expansion, strengthens its delivery system, and improves its coordination with other complementary social programs.

P160665 5/9/2017 2023 / 2030 l PforR - - - 200.0 - - -

EAP Kiribati

Third Economic Reform Development Policy Financing strengthens public financial management, through greater transparency in managing fisheries revenue, improved governance of the RERF, and better reporting and monitoring of public debt and contingent liabilities; and creates an environment for inclusive and private sector led growth, through reducing the costs, improving the quality, and expanding the coverage of essential public services.

P155540 9/13/2016 - g DPF - - - - 2.0 1.5 -

EAP KiribatiPacific Regional Connectivity Program (Fourth Phase): Kiribati Connectivity Project reduces the cost and increases the availability of Internet services in the country.

P159632 5/31/2017 - g IPF - - - - 20.0 14.8 -

EAP Lao PDRSecond Lao Road Sector Project strengthens maintenance systems to improve reliable road connectivity in the country, and provides for an immediate and effective response in case of an eligible crisis or emergency.

P158504 12/13/2016 2022 / 2041 c IPF - - - - 25.0 18.0 -

EAP Lao PDRFirst Programmatic Green Growth Development Policy Financing supports the government in achieving fiscal stability and consolidating its pathways toward green growth.

P159956 5/31/2017 2022 / 2042 c DPF - - - - 38.6 28.5 -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



EAP Marshall IslandsPacific Resilience Project (Second Phase) strengthens early warning systems and climate-resilient investments in shoreline protection, and provides for an immediate and effective response to an eligible crisis or emergency.

P160096 5/9/2017 - g IPF - - Yes - 19.6 14.5 -

EAP Micronesia, Fed. Sts.

Pacific Regional Connectivity Program (Second Phase, Additional Financing): Federated States of Micronesia Connectivity Project reduces the cost and increases the availability of information and communication technology services in the country.

P161363 5/31/2017 - g IPF Yes - - - 16.2 12.0 -

EAP MongoliaExport Development Project supports small and medium-size firms in the non-mining sectors to strengthen their export capabilities and expands access to export markets.

P147438 7/7/2016 2021 / 2041 c IPF - - - - 20.0 14.3 -

EAP Mongolia Employment Support Project provides jobseekers and micro-entrepreneurs in the country with improved access to labor market opportunities. P159215 4/27/2017 2022 / 2042 c IPF - - Yes - 25.0 18.4 -

EAP MongoliaStrengthening Fiscal and Financial Stability Project contributes to the government's efforts to strengthen fiscal and financial stability and improve the quality of expenditure management.

P161048 6/9/2017 2022 / 2042 c IPF - - Yes - 12.0 8.8 -

EAP Mongolia Second Energy Sector Project improves reliability and sustainability of electricity services in the country. P152343 6/15/2017 2022 / 2042 c IPF - - - - 42.0 30.7 -

EAP Myanmar

Flood and Landslide Emergency Recovery Project supports the recovery in priority areas affected by the 2015 floods and landslides in Myanmar and, in the event of another eligible crisis or emergency, provides for an immediate and effective response.

P158194 7/14/2016 2022 / 2054 c IPF - - - - 200.0 142.6 -

EAP MyanmarFinancial Sector Development Project expands access to finance in Myanmar and, in the event of an eligible crisis or emergency, provides for an immediate and effective response.

P154389 12/20/2016 2023 / 2054 c IPF - - - - 100.0 71.7 -

EAP MyanmarFirst Macroeconomics Stability and Fiscal Resilience Development Policy Financing supports sustained macroeconomic stability with enhanced fiscal resilience.

P152734 4/27/2017 2023 / 2054 c DPF - - Yes - 200.0 147.8 -

EAP MyanmarMyanmar Southeast Asia Disaster Risk Management Project improves drainage services and the structural performance of selected public facilities in Yangon, and enhances the capacity of the government to facilitate disaster response.

P160931 6/15/2017 2023 / 2055 c IPF - - - - 116.0 85.5 -

EAP Pacific IslandsPacific Resilience Project (Second Phase) strengthens early warning systems and climate-resilient investments in shoreline protection in the Republic of the Marshall Islands.

P163699 5/9/2017 - g IPF - - Yes - 4.0 3.0 -

EAP Papua New Guinea

Water Supply and Sanitation Development Project supports the development and strengthening of the planning and implementation capacity of water sector institutions, and increases access to water supply services in selected urban towns and rural districts.

P155087 2/9/2017 2022 / 2041 c IPF - - Yes - 70.0 51.0 -

EAP Papua New GuineaEmergency Tuberculosis Project improves the quality and expands the coverage and utilization of health services to control the spread of tuberculosis in targeted areas by strengthening programmatic management of tuberculosis.

P160947 5/31/2017 2022 / 2041 c IPF - - Yes - 15.0 11.1 -

EAP Papua New Guinea Tourism Sector Development Project improves tourism services in targeted destinations. P158807 6/9/2017 2022 / 2042 c IPF - - Yes - 20.0 14.8 -

EAP Papua New GuineaRural Service Delivery Project improves communities' access to basic infrastructure and services in targeted rural areas using inclusive, participatory planning and implementation.

P159517 6/9/2017 2022 / 2042 c IPF - - - - 23.0 17.0 -

EAP PhilippinesMetro Manila Bus Rapid Transit Line 1 Project improves the efficiency, effectiveness, and safety of the public transport system along the project corridor in Metro Manila in an environmentally sustainable manner.

P132401 3/16/2017 2027 / 2042 l IPF - - - 40.7 - - -

EAP PhilippinesInclusive Partnerships for Agricultural Competitiveness Project improves access to markets and enhances the competitiveness of smallholder farmers in the targeted agrarian reform community clusters.

P153042 6/9/2017 2027 / 2041 l IPF - - Yes 99.3 - - -

EAP Samoa

Second Fiscal and Economic Reform Development Policy Financing improves fiscal management in the areas of debt, procurement, and revenue; strengthens the payments system, tourism sector policy, and private sector development opportunities as foundations for more robust economic growth over the medium term; and strengthens the monitoring, reporting, and coordination of climate resilience activities in Samoa, as an important step toward increasing its resilience to the effects of climate change.

P155118 9/13/2016 2026 / 2056 c DPF - - Yes - 5.0 3.6 -

EAP Solomon Islands

Rapid Employment Project (Additional Funding) assists targeted vulnerable urban populations to increase their incomes through the provision of short-term employment and to improve their knowledge, experience, and basic employment skills that are valued in the workplace and society.

P160738 11/18/2016 - g IPF Yes - - - 1.9 1.4 -

EAP Solomon Islands Tina River Hydro Development Project increases the share of renewable energy through hydropower in the country. P161319 6/20/2017 2027 / 2057 c, g IPF - - Yes - 33.6 24.5 -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



EAP Timor-Leste Road Climate Resilience Project (Additional Financing) delivers sustainable climate-resilient road infrastructure on the Dili-Ainaro corridor. P252338 4/27/2017 2022 / 2042 c IPF Yes - - - 35.2 26.0 -

EAP TongaSecond Inclusive Growth Development Policy Financing supports fiscal resilience; improved government accountability and private sector regulation; and a more dynamic and inclusive economy.

P159262 4/27/2017 2027 / 2057 c, g DPF - - - - 5.0 3.7 -

EAP Tuvalu

Third Development Policy Financing improves social service delivery through enhancing inclusiveness and equity of secondary education and reducing risk factors for noncommunicable diseases; and improves macroeconomic sustainability through strengthening investment management of reserve assets, improving effectiveness of payroll controls, and enhancing banking sector oversight and sustainability.

P155066 12/9/2016 - g DPF - - Yes - 3.3 2.5 -

EAP Vanuatu Aviation Investment Project (Additional Financing) improves operational safety and oversight of international air transport and associated infrastructure in Vanuatu. P161454 1/10/2017 2027 / 2056 c, g IPF Yes - - - 14.1 10.3 -

EAP VanuatuRural Electrification Project (Second Stage) supports increased penetration of renewable energy and increased access to electricity services in the dispersed off-grid areas of the country.

P160658 5/31/2017 2027 / 2057 c, g IPF - - - - 4.0 3.0 -

EAP Vietnam

Improved Land Governance and Database Project improves the efficiency and transparency of landadministration services in targeted provinces through the development and implementation of the national Multipurpose Land Information System.

P154387 7/5/2016 2021 / 2041 c IPF - - Yes - 150.0 107.0 -

EAP Vietnam Energy Efficiency for Industrial Enterprises Project improves energy efficiency in the country's industrial sector. P151086 4/14/2017 2022 / 2042 c, l IPF - - Yes 100.0 1.7 1.3 -

EAP VietnamCoastal Cities Sustainable Environment Project increases access to sanitation services and improves the operational performance of sanitation utilities in the project cities.

P156143 5/5/2017 2022 / 2046 c, l IPF - - Yes 46.0 190.2 140.5 -

EAP Vietnam

Northern Delta Transport Development Project (Additional Financing) enhances the efficiency, environmental sustainability, and safety of transport infrastructure and services, through the alleviation of physical and institutional bottlenecks, in two major waterway corridors in the Northern Delta Region.

P158976 5/5/2017 2022 / 2042 c IPF Yes - - - 78.7 58.2 -

EAP VietnamSupport for Autonomous Higher Education Project improves research, teaching, and institutional capacity at selected autonomous universities and strengthens the national higher education management system.

P156849 5/15/2017 2022 / 2042 c IPF - - Yes - 155.0 114.3 -

EAP Vietnam

Danang Sustainable City Development Project (Additional Financing) expands access of city residents to improved drainage; wastewater collection and treatment services; arterial road networks; and public transport in selected areas of Da Nang City.

P159049 5/26/2017 2026 / 2047 c IPF Yes - Yes - 72.5 52.5 -

EAP Vietnam Scaling-Up Urban Upgrading Project improves access to infrastructure in priority city areas and improves urban planning in the participating cities. P159397 5/30/2017 2022 / 2047 c IPF - - - - 240.0 175.7 -

EAP Vietnam

Emergency Natural Disaster Reconstruction Project reconstructs and rehabilitates infrastructure assets in disaster-affected project provinces and strengthens the capacity of the government to effectively respond to future disaster events.

P163146 5/30/2017 2022 / 2042 c IPF - - Yes - 118.0 86.1 -

EAP VietnamMedium Cities Development Project (Additional Financing) increases access to improved urban infrastructure services in selected medium-sized cities in the country.

P159426 6/9/2017 2022 / 2044 c IPF Yes - - - 53.0 38.5 -

EAP VietnamCentral Highlands Connectivity Improvement Project improves safe and climate-resilient road connectivity along the National Highway 19 Central Highlands-Central Coast corridor.

P159238 6/22/2017 2022 / 2042 c IPF - - - - 150.0 109.4 -

EAP Vietnam Forest Sector Modernization and Coastal Resilience Enhancement Project improves coastal forest management in the project provinces. P157127 6/22/2017 2022 / 2042 c IPF - - Yes - 150.0 109.5 -

EAP Vietnam

National Targeted Programs for New Rural Development and Sustainable Poverty Reduction Support Program-for-Results improves the delivery of, and access to, investments for increasing agricultural production and enhancing livelihood opportunities within the program area.

P159737 6/28/2017 2022 / 2042 c PforR - - Yes - 153.0 111.5 -

ECA Albania

Integrated Urban and Tourism Development Project improves urban infrastructure, enhances tourism assets, and strengthens institutional capacity to support tourism-related local economic development in selected areas in the south of Albania.

P155875 11/15/2016 2025 / 2041 l IPF - - Yes 71.0 - - -

ECA AlbaniaCompetitiveness Development Policy Financing supports reforms aimed at enhancing the country's competitiveness by improving the investment regime, making it easier to do business, and facilitating trade.

P155605 1/31/2017 2022 / 2037 l DPF - - - 70.0 - - -

ECA Albania Financial Sector Development Policy Financing strengthens the resiliency of the banking sector and the regulation and supervision of nonbank financial institutions. P152064 3/13/2017 2025 / 2048 l DPF - - Yes 100.0 - - -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



ECA ArmeniaFourth Development Policy Financing supports the government in its efforts to promote fiscal social and environmental sustainability and to strengthen competitiveness.

P160100 12/8/2016 2031 / 2041 l DPF - - Yes 50.0 - - -

ECA Belarus Health System Modernization Project contributes to improving selected aspects of the quality of health care delivery in the Republic of Belarus. P156778 11/18/2016 2022 / 2031 l IPF - - - 125.0 - - -

ECA Bosnia and HerzegovinaFederation Road Sector Modernization Project upgrades transport infrastructure along priority transport links and strengthens capacity for sustainable transport asset management.

P152406 8/2/2016 2028 / 2038 l IPF - - - 64.6 - - -

ECA Bosnia and Herzegovina Employment Support Project increases formal private sector employment among targeted groups of registered job seekers. P152347 1/5/2017 2024 / 2048 l IPF - - - 55.8 - - -

ECA Bosnia and Herzegovina

Public Finances Development Policy Financing supports policy and institutional efforts of authorities to strengthen the medium-term management of public assets and liabilities for improved transparency of public finances; and to enhance regulatory frameworks to lower medium-term fiscal pressures related to public employment, insolvency, and pharmaceuticals.

P149768 3/23/2017 2024 / 2049 l DPF - - Yes 80.0 - - -

ECA Bosnia and HerzegovinaBanking Sector Strengthening Project improves the soundness of the banking sector by enhancing bank regulation, supervision, and resolution capacity, and by enhancing the governance of the country's development banks.

P158387 4/28/2017 2024 / 2049 l IPF - - - 60.0 - - -

ECA CroatiaModernization and Restructuring of the Road Sector strengthens the institutional effectiveness, enhances the operational efficieincy, and increases the debt service capacity of the country's road sector.

P155842 4/28/2017 2021 / 2026 l IPF - - Yes 23.3 - - -

ECA CroatiaModernization and Restructuring of the Road Sector strengthens the institutional effectiveness, enhances the operational efficieincy, and increases the debt service capacity of the country's road sector.

P163833 4/28/2017 - gu IPF - - - 370.7 - - -

ECAEurope and Central Asia (Regional) n

Trans-Anatolian Natural Gas Pipeline Project diversifies Azerbaijan's gas export markets and improves the security of Turkey's and southeast Europe's energy supply.

P157416 12/20/2016 2022 / 2046 l IPF - - Yes 800.0 - - -

ECA Georgia

Second Programmatic Inclusive Growth Development Policy Financing strengthens fiscal oversight of public institutions; improves budgeting and the framework for civil service reforms; improves coverage and quality of social services; and strengthens monitoring of outcomes.

P156444 4/28/2017 2031 / 2042 l DPF - - - 50.0 - - -

ECA Kazakhstan Education Modernization Project improves quality and equity in primary and secondary education, particularly in rural and disadvantaged schools. P153496 3/1/2017 2023 / 2034 l IPF - - - 67.0 - - -

ECA KosovoWater Security and Canal Protection Project contributes to restoring the Ibër Canal to its original capacity to improve water resource management for various canal water users in central Kosovo.

P133829 9/30/2016 2021 / 2041 c IPF - - Yes - 24.5 17.6 -

ECA Kosovo

Agriculture and Rual Development Project (Third Additional Financing) improves productivity of and access to markets by project beneficiaries in the horticulture and livestock subsectors and strengthens the insitutional capacity of the Ministry of Agriculture, Forestry, and Rural Development.

P158710 4/28/2017 2022 / 2042 c IPF Yes - Yes - 22.0 16.6 -

ECA KosovoCompetitiveness and Export Readiness Project supports product certification for export markets, strengthens the capacity of export-oriented firms, and reduces the cost of business inspections.

P152881 5/18/2017 2022 / 2042 c IPF - - Yes - 15.3 11.6 -

ECA Kyrgyz Republic

Programmatic Governance and Competitiveness Development Policy Financing supports the government in improving public sector governance through reforms aimed at improving public sector integrity, increasing the quality of public services, and enhancing energy sector governance; and in strengthening private sector competitiveness through measures to facilitate trade, improve the business environment, and promote greater connectivity.

P148099 7/7/2016 2022 / 2054 c, g DPF - - - - 24.0 17.1 -

ECA Kyrgyz Republic

Sustainable Rural Water Supply and Sanitation Development Project improves access to and quality of water supply and sanitation services in the participating rural communities, and strengthens capacity of institutions in the water supply and sanitation sector.

P154778 9/30/2016 2023 / 2054 c, g IPF - - Yes - 23.5 16.9 -

ECA Kyrgyz Republic Integrated Dairy Productivity Improvement Project enhances dairy animal productivity and milk quality on beneficiary farms. P155412 11/29/2016 2023 / 2054 c, g IPF - - Yes - 5.0 3.7 -

ECA Kyrgyz Republic

Sustainable Rural Water Supply and Sanitation Development Project (Additional Financing) improves access to and quality of water supply and sanitation services in the participating rural communities, and strengthens capacity of institutions in the water supply and sanitation sector.

P162840 6/22/2017 2023 / 2055 c, g IPF Yes - Yes - 36.0 26.4 -




















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



ECA Moldova

Agriculture Competitiveness Project (Additional Financing) enhances the competitiveness of the agro-food sector by supporting the modernization of the food safety management system, facilitating market access for farmers, and mainstreaming agro-environmental and sustainable land management practices.

P157765 7/7/2016 2021 / 2041 c IPF Yes - - - 10.0 7.1 -

ECA MoldovaSecond Development Policy Financing improves the business climate, promotes financial sector stability and development, and improves the equity and efficiency of public expenditure.

P149555 12/16/2016 2022 / 2046 c, l DPF - - - 27.2 17.8 13.0 -

ECA MoldovaClimate Adaptation Project enhances the adoption of climate-smart practices in agriculture, forestry, and pasture management in targeted landscapes, and strengthens national disaster management systems.

P155968 6/9/2017 2022 / 2051 c, l IPF - - Yes 12.4 12.8 9.3 -

ECA Montenegro

Institutional Development and Agriculture Strengthening Project (Additional Financing) improves delivery of government assistance for sustainable agriculture and rural development in a manner consistent with the EU's pre-accession requirements.

P159115 9/9/2016 2021 / 2031 l IPF Yes - - 3.3 - - -

ECA Romania

Second Fiscal Effectiveness and Growth Development Policy Financing supports government reforms to strengthen fiscal management and the performance of state‐owned enterprises and to improve the functioning of energy, property, and capital markets

P149776 12/15/2016 2036 / 2036 l DPF - - Yes 558.3 - - -

ECA Romania Justice Services Improvement Project improves the efficiency and accessibility of targeted justice institutions. P160751 1/31/2017 2023 / 2027 l IPF - - Yes 67.0 - - -

ECA Serbia

Corridor X Highway Project (Additional Financing) increases transport efficiency and improves traffic safety on three project sections of Corridor X: between Nis and Dimitrovgrad and Grabovnica and Donji Neradovac respectively, and improves road management and road safety in Serbia.

P158413 10/25/2016 2021 / 2031 l IPF Yes - - 38.9 - - -

ECA Serbia

Second Programmatic State Owned Enterprises (SOEs) Reform Development Policy Financing reduces state participation and level of direct and indirect support to the real sector, enhance SOEs performance, governance and accountability, and mitigate the short term social and labor impacts of the SOEs restructuring and disposition plans.

P149750 10/25/2016 2031 / 2031 l DPF - - Yes 100.0 - - -

ECA SerbiaPublic Expenditure and Public Utilities Development Policy Financing supports the government's multi-year fiscal consolidation agenda and transformation of energy and transport sector public enterprises and state-owned companies.

P155694 1/18/2017 2036 / 2036 l DPF - - - 200.0 - - -

ECA SerbiaInclusive Early Childhood Education and Care Project improves access to quality early childhood education and care services, in particular for children from socially disadvantaged backgrounds.

P157117 2/21/2017 2022 / 2037 l IPF - - Yes 50.0 - - -

ECA SerbiaDisaster Risk Management Development Policy Financing with a Catastrophe-Deferred Drawdown Option strengthens the country's institutional and legal frameworks to effectively manage the physical and fiscal impact of natural hazards.

P157489 5/3/2017 2027 / 2036 l DPF - - Yes 70.0 - - -

ECA TajikistanNurek Hydropower Rehabilitation Project (First Phase) rehabilitates and restores the generating capacity of three power generating units of Nurek hydropower plant; improves their efficiency; and strengthens the safety of the Nurek dam.

P150816 5/3/2017 2023 / 2055 c, g IPF - - Yes - 225.7 165.4 -

ECA Turkey Long Term Export Finance Project improves access to longer term finance for export-oriented small, medium, and large enterprises. P156252 7/18/2016 2024 / 2038 l IPF - - - 300.0 - - -

ECA Turkey Geothermal Development Project scales up private sector investment in geothermal energy development in Turkey. P151739 11/1/2016 2024 / 2044 l IPF - - - 250.0 - - -

ECA Turkey Sustainable Cities Projects improves the planning capacity of and access to targeted municipal services in participating municipalities and utilities. P128605 12/20/2016 2022 / 2046 l IPF - - - 132.8 - - -

ECA Ukraine

Ukraine Gas Supply Security Facility Project enhance Naftogaz’s ability to

increase Ukraine’s security of gas supply by facilitating access to cost-effective

financing and improving the terms of the gas supply contracts supported under the project.

P155111 10/18/2016 - gu IPF - - - 500.0 - - -

ECA Ukraine Access to Long Term Finance Project improves access to longer-term finance for export oriented small and medium enterprises. P156766 5/2/2017 2022 / 2052 l IPF - - - 150.0 - - -

ECA Uzbekistan Modernization and Upgrade of Transmission Substations Project improves the technical efficiency and reliability of the power transmission networks in Uzbekistan. P156584 11/23/2016 2022 / 2047 c, l IPF - - - 92.0 58.0 43.0 -

ECA UzbekistanLivestock Sector Development Project improves livestock production and supply chain management in target oblasts by improving access to finance, nutrition, and support services.

P153613 6/23/2017 2022 / 2044 c, l IPF - - - 30.0 120.0 87.1 -

ECA UzbekistanFergana Valley Water Resources Management Project (Second Phase) improves the quality of irrigation and drainage service delivery to agricultural users within the project area.

P149610 6/30/2017 2022 / 2042 c IPF - - Yes - 144.9 104.2 -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



LCR Argentina

Unleashing Productive Innovation Project (Additional Financing) expands the country's capacity to generate productive innovation in knowledge-based areas by facilitating the creation of new knowledge-based companies; developing specialized human capital; supporting productive research innovation activities and their technology commercialization in the areas of biotechnology, nanotechnology and information and communication technology; upgrading the research infrastructure in the areas of science, technology and productive innovation; and strengthening the policy framework governing science, technology, and productive innovation.

P159747 7/8/2016 2023 / 2048 l IPF Yes - - 45.0 - - -

LCR ArgentinaAccess to Longer-Term Finance for Micro, Small, and Medium Enterprises Project improves access to, and strengthens the framework for the provision of, longer-term finance for eligible micro, small, and medium enterprises.

P159515 11/18/2016 2024 / 2049 l IPF - - - 50.0 - - -

LCR Argentina

Metropolitan Areas Urban Transport Project (Additional Financing) improves the quality and sustainability of urban transport systems in metropolitan areas, through the improvement of sectoral decision making frameworks and by giving priority to public transport modes in the urban transport sector.

P161393 1/27/2017 2024 / 2049 l IPF Yes - - 45.0 - - -

LCR ArgentinaModernization and Innovation for Better Public Services in Argentina Project improves the quality and accessibility of selected government administrative services and enhances transparency in the public administration.

P157136 2/21/2017 2024 / 2049 l IPF - - Yes 80.0 - - -

LCR Argentina

Metropolitan Buenos Aires Urban Transformation Project improves housing conditions and access to selected basic services and infrastructure in selected disadvantaged neighborhoods in the Buenos Aires Metropolitan Area, and strengthens the institutional capacity for urban management at the metropolitan level.

P159843 2/27/2017 2022 / 2049 l, g IPF - - - 200.0 - - -

LCR ArgentinaIntegrated Habitat and Housing Project increases access to formal housing for eligible households; and improves living conditions for households in selected precarious urban settlements.

P159929 2/27/2017 2024 / 2049 l IPF - - Yes 200.0 - - -

LCR ArgentinaThe Fund for the Development of Renewable Energy increases electricity generation capacity from renewable energy sources through private investment in the energy sector.

P159901 2/28/2017 - gu IPF - - Yes 480.0 - - -

LCR Argentina

Plan Belgrano Water Supply and Sanitation Project (Additional Financing) increases access to water supply and sanitation services and improves the operational and financial performance of the water supply and sanitation service providers in the project area.

P162712 3/24/2017 2024 / 2049 l IPF Yes - Yes 125.0 - - -

LCR ArgentinaSalado Integrated River Basin Support Project enhances flood protection and strengthens the capacity of the responsible institutions for integrated water resources monitoring and management of the Salado River Basin.

P161798 4/6/2017 2023 / 2050 l IPF - - - 300.0 - - -

LCR Bolivia Santa Cruz Road Corridor Connector Project improves transport accessibility along the road corridor between San Ignacio de Velasco and San Jose de Chiquitos. P152281 1/11/2017 2022 / 2040 l, c IPF - - Yes 200.0 30.0 22.4 -

LCR Bolivia Second Rural Alliances Project (Additional Financing) improves accessibility to markets for small rural producers in the selected areas. P158532 4/13/2017 2021 / 2038 l IPF Yes - - 100.0 - - -

LCR Brazil

Fortaleza Sustainable Urban Development Project strengthens the capacity of the Municipality of Fortaleza for land use planning and land-based financing; and enhances urban environments and rehabilitates public spaces through interventions in selected areas.

P153012 4/28/2017 2025 / 2048 l IPF - - Yes 73.3 - - -

LCR ChileHealth Sector Support Project improves the efficiency of the public health care sector, and improves the quality of noncommunicable-disease-related health care services.

P161018 6/8/2017 2027 / 2027 l IPF - - - 80.0 - - -

LCR Colombia

Plan Pazcifico: Water Supply and Basic Sanitation Infrastructure and Service Delivery Project improves the coverage and service quality of water supply and basic sanitation in urban areas in the Municipality of Tumaco and the Municipality of Guapi and the operational efficiency of the service providers in said municipalities.

P156239 10/18/2016 2023 / 2026 l IPF - - Yes 126.7 - - -

LCR Colombia

First Programmatic Territorial Development Development Policy Financing supports the government to strengthen institutions for land management and territorial planning and to improve subnational financial management and investment prioritization.

P158520 12/8/2016 2036 / 2036 l DPF - - - 800.0 - - -

LCR ColombiaAccess and Quality in Higher Education Project improves the quality of tertiary education in participating institutions and increases the enrollment of students from disadvantaged socioeconomic backgrounds in quality programs.

P160446 1/30/2017 2023 / 2044 l IPF - - - 160.0 - - -


















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



LCR Colombia

Fiscal Sustainability and Competitiveness Development Policy Financing supports fiscal consolidation measures and improved contingent liabilities management; and fosters productivity in nonextractive sectors by strengthening the policy framework for trade facilitation, investment, competition, business regulation, and innovation.

P158739 3/16/2017 2036 / 2036 l DPF - - Yes 600.0 - - -

LCR Ecuador

Transformation of the Tertiary Technical and Technological Institutes Project increases enrollment and persistence in public technical and technological programs designed and implemented in collaboration with employers, and strengthens the institutional management of tertiary technical and technological education.

P157425 11/23/2016 2034 / 2051 l IPF - - - 90.5 - - -

LCR Grenada

Third Programmatic Resilience-Building Development Policy Financing supports the government in implementing a program of policy and institutional reforms to improve the investment climate and competitiveness; to improve public resource management; and to enhance resilience against naturaldisasters.

P156761 12/16/2016 2027 / 2056 c DPF - - Yes - 9.3 6.8 -

LCR Guatemala

First Programmatic Improved Governance of Public Resources and Nutrition Development Policy Financing supports the government’s efforts to enhance the

policy and institutional framework to address primary health care deficiencies and chronic malnutrition, and to strengthen the regulatory and institutional framework to improve governance of public resources and accountability.

P160667 11/17/2016 2024 / 2036 l DPF - - Yes 250.0 - - -

LCR GuatemalaUrban Infrastructure and Violence Prevention Project increases access to basic urban infrastructure and services and mitigates key risk factors of crime and violence in selected communities.

P143495 1/17/2017 2023 / 2049 l IPF - - Yes 45.0 - - -

LCR Guatemala Transparency and Efficiency in Tax Administration Project increases levels of compliance with tax and customs obligations. P153366 1/17/2017 2023 / 2049 l IPF - - - 55.0 - - -

LCR GuatemalaCrecer Sano - Nutrition and Health Project improves selected practices, services, and behaviors known to be key determinants of chronic malnutrition (with an emphasis on the first 1,000 days of life) in the intervention areas.

P159213 3/24/2017 2023 / 2050 l IPF - - - 100.0 - - -

LCR Guyana Guyana Payments System Project improves the country's national payments system by enhancing safety and efficiency of payments. P159512 3/31/2017 2022 / 2041 c IPF - - - - 6.0 4.5 -

LCR Guyana

Education Sector Improvement Project improves teaching practices and student achievement in mathematics at the primary level in selected schools; and strengthens the teaching capacity and improves the learning environment of the University of Guyana Faculty of Health Sciences.

P159519 4/28/2017 2022 / 2041 c IPF - - - - 13.3 9.9 -

LCR Haiti

Infrastructure and Institutions Emergency Recovery Project (Second Additional Financing) supports the country in its early sustainable recovery efforts from the effects of the emergency, through selected interventions aiming at contributing to rebuilding key institutions and infrastructure.

P156049 11/10/2016 - g IPF Yes - - - 2.8 2.0 -

LCR Haiti

Providing an Education of Quality in Haiti Project strengthens public management of the education sector; improves learning conditions in selected public and non-public primary schools; and supports enrollment of students in selected public and non-public primary schools.

P155191 11/10/2016 - g IPF - - - - 30.0 21.2 -

LCR HaitiStatistical Capacity Building Project assists in the production, analyses, and dissemination of the findings of the Fifth Population and Housing Census, and strengthens the human and technological capacities of Haiti's Statistical Institute.

P157531 3/24/2017 - g IPF - - - - 5.0 3.8 -

LCR HaitiDisaster Risk Management and Reconstruction Project (Additional Financing) supports the government in improving disaster response capacity and enhancing the resiliency of critical transport infrastructure.

P163199 6/8/2017 - g IPF Yes - - - 20.0 14.6 -

LCR Haiti

Improving Maternal and Child Health through Integrated Social Services Project (Additional Financing) increases the access and use of maternal and child health services, strengthes cholera control, and improves targeting of social services in the country, with a particular focus on areas affected by Hurricane Matthew.

P163313 6/14/2017 - g IPF Yes - Yes - 25.0 18.3 -

LCR Haiti

Relaunching Agriculture: Second Strengthening Agriculture Public Services Project (Additional Financing) reinforces the capacity of the Ministry of Agriculture, Natural Resources, and Rural Development to provide or facilitate access to services in the agricultural sector; increases market access to small producers and food security in selected areas; improves livelihoods in areas affected by Hurricane Matthew; and enables the government to respond promptly and effectively to an eligible emergency.

P163081 6/14/2017 - g IPF Yes - - - 35.0 25.6 -

















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



LCR Haiti

Sustainable Rural and Small Towns Water and Sanitation Project (Additional Financing) increases access to improved water supply and sanitation in targeted rural areas and small towns in zones affected by cholera; strengthens the government's water and sanitation service delivery mechanism at the deconcentrated level; and improves the government's capacity to respond promptly and effectively to an eligible emergency.

P163194 6/14/2017 - g IPF Yes - Yes - 20.0 14.6 -

LCR Haiti

Municipal Development and Urban Resilience Project reduces urban flooding and enhances resilience in the city of Cap-Haïtien; and improves the capacity of six municipalities in the Cap-Haïtien metropolitan area to plan, finance, and deliver basic municipal services and management.

P155201 6/20/2017 - g IPF - - Yes - 48.4 35.4 -

LCR Honduras

Rural Competitiveness Project (Additional Financing) contributes to increased productivity and competitiveness of organized rural small-scale producers through their participation in productive alliances; and enables the government to respond promptly and effectively to an eligible emergency.

P158086 5/18/2017 2022 / 2042 c IPF Yes - - - 25.0 18.2 -

LCR Jamaica

Second Competitiveness and Fiscal Management Programmatic Development Policy Financing supports the government in improving investment climate and competitiveness and sustaining fiscal consolidation and enhancing public financial management.

P163586 6/8/2017 2022 / 2042 l DPF - - Yes 70.0 - - -

LCRLatin America and the Caribbean (Regional) o

OECS Regional Tourism Competitiveness Projects facilitates the movement of tourists within the participating countries using ferries, improves selected tourism sites, and strengthens implementation capacity for regional tourism.

P152117 4/6/2017 2027 / 2057 c, l IPF - - 6.0 20.0 14.8 -

LCRLatin America and the Caribbean (Regional) p

OECS Regional Agricultural Competitiveness Project enhance access to markets and sales for competitively selected farmers and fishers, as well as their allied aggregators and agro-processors, in Grenada and St. Vincent and the Grenadines.

P158958 5/25/2017 2027 / 2057 c, l IPF - - Yes 1.8 6.5 4.8 -

LCR MexicoHigher Education Project strengthens the institutional capacity for innovative teaching, collaborative applied research, and internal quality assurance across participating public higher education institutions.

P160309 3/17/2017 2030 / 2030 l IPF - - - 130.0 - - -

LCR MexicoGrain Storage and Information for Agricultural Competitiveness Project improves access to grain storage and information for agricultural producers in Mexico.

P160570 3/24/2017 2030 / 2030 l IPF - - Yes 120.0 - - -

LCR Mexico Improving Access to Affordable Housing Project increases access to affordable housing for low-income beneficiaries. P157932 6/14/2017 2032 / 2032 l IPF - - - 100.0 - - -

LCR NicaraguaCaribbean Regional Communications Infrastructure Program increase access to regional broadband networks and advances the development of an IT/IT-Enabled Services industry in Nicaragua and in the Caribbean region.

P155235 8/2/2016 2021 / 2041 c IPF - - Yes - 20.1 14.4 -

LCR Nicaragua

Second Support to the Education Sector Project (Additional Financing) improves the students' retention rate in primary education schools located in participating municipalities and strengthens the Ministry of Education's education management capacity.

P160057 9/22/2016 2022 / 2041 c IPF Yes - - - 5.0 3.6 -

LCR NicaraguaRural and Urban Access Improvement Project improves safe and sustainable access to markets and services in targeted rural and urban areas, and provide immediate and effective response in the event of an eligible Emergency.

P160359 3/6/2017 2022 / 2046 c IPF - - - - 96.8 71.8 -

LCR NicaraguaAlliance for Education Quality Project improves teacher practices for participating teachers in preschool, primary, and secondary education nationwide; and improves physical learning conditions in targeted schools.

P161029 4/13/2017 2022 / 2041 c IPF - - - - 55.0 40.5 -

LCR Nicaragua

Second Land Administration Project (Additional Financing) strengthens the property rights of the population in the project area through improved regularization, titling, and registry services; and improves the country's capacity to respond promptly and effectively to an eligible emergency.

P163246 6/14/2017 2022 / 2042 c IPF Yes - - - 18.0 13.1 -

LCR Panama

Second Programmatic Shared Prosperity Development Policy Financing supports the government's efforts to strengthen the frameworks for international tax transparency, financial integrity, and fiscal management; to strengthen institutional arrangements to support social assistance and education; and to enhance the regulatory and financial sustainability framework of service delivery in the energy and water sectors.

P154819 9/8/2016 2018 / 2036 l DPF - - Yes 300.0 - - -

LCR PanamaBurunga Wastewater Management Project improves access to sewerage services in selected areas of the province of Panama Oeste, and strengthens wastewater pollution management capacity in key sector institutions.

P154275 3/17/2017 2022 / 2036 l IPF - - - 65.0 - - -


















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



LCR Paraguay

Transport Connectivity Project reduces transport connectivity costs and improves road safety along selected paved road sections that pass through targeted departments, and improvesthe country’s planning and national road asset management capacity.

P147278 7/25/2016 2024 / 2051 l IPF - - - 100.0 - - -

LCR Peru

Enhancement of Environmental Quality Services Project generates and shares information for environmental quality control at the national level, by supporting the government to improve its environmental monitoring and analytical capacity, increase public access to environmental quality information, and promote informed public participation in environmental quality management.

P147342 1/11/2017 2022 / 2022 l IPF - - Yes 40.0 - - -

LCR PeruStrengthening the Science, Technology, and Innovation System Project strengthens the science, technology, and innovation system to improve research skills and firm-level innovation.

P156250 1/11/2017 2022 / 2022 l IPF - - - 45.0 - - -

LCR PeruNational Program for Innovation in Fisheries and Aquaculture Project strengthen the government’s capacity in the delivery of innovations in the fisheries

and aquaculture value chains.P155902 1/27/2017 2022 / 2026 l IPF - - Yes 40.0 - - -

LCR Peru

Integrated Water Resources Management in Ten Basins Project strengthens the capacity of targeted water resources management related institutions to plan, monitor, and manage water resources at the national level and in selected river basins in Peru.

P151851 4/28/2017 2022 / 2024 l IPF - - - 40.0 - - -

LCR St. Lucia Saint Lucia Disaster Vulnerability Reduction Project (Additional Financing) reduces vulnerability to natural hazards and climate change impacts in Saint Lucia. P155324 11/23/2016 2027 / 2056 c IPF Yes - - - 1.6 1.2 -

LCR St. Vincent and the GrenadinesHuman Development Service Delivery Project strengthens the quality of service delivery in education, improves efficiency of social protection systems, and improves effectiveness of labor market systems in the country.

P154253 5/25/2017 2027 / 2057 c IPF - - - - 10.7 7.8 -

LCR Uruguay

Improving the Quality of Initial and Primary Education in Uruguay Project improves the teaching practices and the learning environment in early and primary education, as well as the internal efficiency in primary education, all in full-time schools, and strengthens the evaluation capacity of the education system.

P159771 12/16/2016 2022 / 2026 l IPF - - - 40.0 - - -

LCR UruguayRoad Rehabilitation and Maintenance Program-for-Results (Additional Financing) improves the condition of the national road network and enhances road sector management.

P162110 3/24/2017 2022 / 2034 l PforR Yes - Yes 70.0 - - -

MNA DjiboutiGovernance for Private Sector Development and Finance Project (Additional Financing) improves the efficiency of business regulation and establishes an automated national payment system.

P158952 12/14/2016 2022 / 2041 c IPF Yes - - - 5.1 3.8 -

MNA Djibouti Sustainable Electrification Program increases access to electricity in the targeted project area. P158505 6/2/2017 2022 / 2042 c IPF - - Yes - 23.3 17.2 -

MNA Egypt, Arab Rep.

Upper Egypt Local Development Program-for-Results improves the business environment for private sector development and strengthens local government capacity for quality infrastructure and service delivery in select governorates in Upper Egypt.

P157395 9/29/2016 2021 / 2051 l PforR - - Yes 500.0 - - -

MNA Egypt, Arab Rep.

Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing advances fiscal consolidation through higher revenue collection, greater moderation of the wage bill growth, and stronger debt management; ensures sustainable energy supply through private sector engagement; and enhances the business environment through investment laws, industrial license requirements, as well as enhancing competition.

P161228 12/20/2016 2022 / 2051 l DPF - - Yes 1,000.0 - - -

MNA Iraq

Modernization of Public Financial Management Systems Project improves financial information management and transparency, cash management, public investment management, and public procurement modernization at selected federal and governorate agencies.

P151357 12/20/2016 2022 / 2026 l IPF - - Yes 41.5 - - -

MNA Iraq

Second Expenditure Rationalization, Energy Efficiency, and State-Owned Enterprise Governance Programmatic Development Policy Financing aims to achieve economic stabilization and lay the ground for structural reforms around improving expenditure rationalization, energy efficiency, and the transparency and governance of state-owned enterprises.

P161167 12/20/2016 2022 / 2034 l DPF - - - 1,443.8 - - -

MNA JordanEconomic Opportunities for Jordanians and Syrian Refugees Program-for-Results improves economic opportunities for Jordanians and Syrian Refugees in Jordan.

P159522 9/27/2016 2021 / 2054 c, l PforR - - Yes 149.0 100.0 71.5 -

MNA JordanSecond Programmatic Energy and Water Sector Reforms Development Policy Financing improves the financial viability of and increases efficiency gains in the energy and water sectors in Jordan.

P160236 12/1/2016 2021 / 2051 l DPF - - Yes 225.0 - - -

MNA JordanEmergency Health Project supports the government in maintaining the delivery of primary and secondary health services to poor uninsured Jordanians and Syrian refugees at Ministry of Health facilities.

P163387 6/13/2017 2022 / 2052 l IPF - - Yes 36.1 - - -




















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



MNA Jordan Innovative Startups Fund Project increases private early stage equity finance for innovative small and medium enterprises. P161905 6/23/2017 2022 / 2052 l IPF - - - 50.0 - - -

MNA LebanonLake Qaraoun Pollution Prevention Project reduces the quantity of untreated municipal sewage discharged into the Litani River and improves pollution management around Qaraoun Lake.

P147854 7/14/2016 2022 / 2029 l IPF - - - 55.0 - - -

MNA Lebanon

Support to Reaching All Children with Education Program-for-Results promotes equitable access to education services, enhances quality of student learning, and strengthens the education systems in the education sector in response to the protracted refugee crisis.

P159470 9/27/2016 2023 / 2054 c, l PforR - - - - 100.0 71.8 -

MNA LebanonRoads and Employment Project improves transport connectivity along select paved roadsections, and creates short term jobs for Lebanese and Syrians.

P160223 2/6/2017 2024 / 2049 l IPF - - Yes 154.6 - - -

MNA Lebanon Health Resilience Project increases access to quality healthcare services for poor Lebanese and displaced Syrians in the country. P163476 6/26/2017 2023 / 2040 l IPF - - Yes 95.8 - - -

MNA MoroccoFinancing Innovative Startups and Small and Medium Enterprises Project facilitates the increase of private equity and quasi-equity finance for innovative startups and small and medium enterprises.

P150928 3/10/2017 2022 / 2041 l IPF - - - 50.0 - - -

MNA MoroccoIdentity and Targeting for Social Protection Project expands coverage of a unique identifying number for the Moroccan population and foreign residents, and improves targeting of social safety nets.

P155198 3/10/2017 2022 / 2041 l IPF - - Yes 100.0 - - -

MNA Morocco

Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Financing improves access to finance for small and young enterprises; strengthens capital markets by improving the institutional framework and broadening the range of instruments; improves the financial sustainability of the Caisse Marocaine des Retraites ; and strengthens oversight of the banking sector.

P153603 5/16/2017 2022 / 2042 l DPF - - - 350.0 - - -

MNA TunisiaNorthern Tunis Wastewater Project (Additional Financing) provides an environmentally safe disposal system for the treated wastewater in the North of Tunis and increases availability for its reuse in the project area.

P154713 8/31/2016 2021 / 2041 l IPF Yes - - 18.0 - - -

MNA TunisiaIntegrated Landscapes Management in Lagging Regions Project improves landscape management and access to economic opportunities for targeted rural communities in the northwest and center-west regions of Tunisia.

P151030 3/15/2017 2023 / 2049 l IPF - - Yes 100.0 - - -

MNA TunisiaBusiness Environment and Entrepreneurship Development Policy Financing helps Tunisia to improve the business environment and to support entrepreneurship and deepen access to finance.

P158111 6/13/2017 2023 / 2045 l DPF - - Yes 500.0 - - -

MNA West Bank and Gaza Integrated Cities and Urban Development Project enhances the capacity of participating urban areas to plan for sustainable urban growth. P150991 9/21/2016 - g IPF - Yes Yes - - - 5.0

MNA West Bank and GazaEducation to Work Transition Project (Additional Financing) improves the education to work transition of young Palestinians attnding participating tertiary education institutions.

P158951 12/2/2016 - g IPF Yes Yes - - - - 5.0

MNA Yemen, Rep.Emergency Crisis Response Project provides short-term employment and access to selected basic services to the most vulnerable, and preserves implementation capacity of two service delivery programs.

P159053 7/19/2016 - g IPF - - Yes - 50.0 35.7 -

MNA Yemen, Rep.Emergency Crisis Response Project (Additional Financing) provides short-term employment and access to selected basic services to the most vulnerable; and preserves existing implementation capacity of two service delivery programs.

P161806 1/17/2017 - g IPF Yes - Yes - 250.0 184.7 -

MNA Yemen, Rep.Emergency Health and Nutrition Project contributes to the provision of basic health and essential nutrition services for the benefit of the population of the Republic of Yemen.

P161809 1/17/2017 - g IPF - - Yes - 200.0 147.8 -

MNA Yemen, Rep.

Emergency Crisis Response Project (Second Additional Financing) provides short-term employment and access to selected basic services to the most vulnerable; preserves existing implementation capacity of two service delivery programs; and provides emergency cash transfers to the poor and vulnerable in response to the food crisis.

P163729 5/19/2017 - g IPF Yes - Yes - 200.0 145.9 -

MNA Yemen, Rep.Emergency Health and Nutrition Project (Additional Financing) contributes to the provision of basic health and essential nutrition services for the benefit of the population of the Republic of Yemen.

P163741 5/19/2017 - g IPF Yes - Yes - 83.0 60.7 -

SAR AfghanistanCitizens' Charter Afghanistan Project improves the delivery of core infrastructure, emergency support, and social services to participating communities through strengthened Community Development Councils.

P160567 10/27/2016 - g IPF - - Yes - 100.0 71.8 -

SAR Afghanistan

Financial Sector Rapid Response Project (Additional Financing) assists Afghanistan's Central Bank to develop action plans for improved banking supervision and to establish key building blocks of financial sector infrastructure: a payment system, a movable collateral registry, and a public credit registry.

P160073 10/27/2016 - g IPF Yes - - - 20.0 14.4 -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



SAR AfghanistanStrategic Grain Reserve Project establishes a wheat strategic reserve to be available to Afghan households to meet their needs following emergency situations, and improves the efficiency of the grain storage management.

P160606 6/13/2017 - g IPF - - Yes - 20.3 14.9 -

SAR Afghanistan

Citizens' Charter Afghanistan Project - Emergency Regional Displacement Response (Additional Financing) improves the delivery of core infrastructure, emergency support, and social services to participating communities through strengthened Community Development Councils.

P163468 6/13/2017 - g IPF Yes - Yes - 127.7 93.2 -

SAR Afghanistan Herat Electrification Project provides access to electricity to households, institutions, and businesses in selected areas of Herat Province. P162022 6/13/2017 - g IPF - - Yes - 60.0 43.8 -

SAR AfghanistanInclusive Growth Development Policy Financing enhances the policy framework to expand access to economic opportunities for the vulnerable, and strengthens the policy and regulatory framework for private sector development.

P160544 6/13/2017 - g DPF - - - - 100.0 73.0 -

SAR Afghanistan

Urban Development Support Project creates an enabling policy framework and enhances urban policy making capacity in relevant agencies at the national level; and strengthens city planning, management, and service delivery capacity in five provincial capital cities.

P147147 6/13/2017 - g IPF - - - - 20.0 14.8 -

SAR Bangladesh

Leveraging ICT for Growth, Employment, and Governance Project (Additional Financing) catalyzes the growth of the country's IT and IT-Enables Services industry for employment creation and export diversification and establishes basic e-Government foundations to support public sector modernization.

P159497 10/24/2016 2023 / 2054 c IPF Yes - - - 39.0 28.0 -

SAR BangladeshClean Air and Sustainable Environment Project (Additional Financing) improves air quality and safe mobility in Dhaka through the implementation of demonstration initiatives in urban transport and brick making.

P160014 1/13/2017 2023 / 2054 c IPF Yes - Yes - 35.0 25.5 -

SAR BangladeshThird Local Governance Support Project institutionalizes the Union Parishad fiscal transfer system, and introduces a fiscal transfer system for Pourashavas on a pilot basis.

P159683 1/31/2017 2023 / 2054 c IPF - - Yes - 300.0 221.7 -

SAR BangladeshInsurance Sector Development Project strengthens the institutional capacity of the regulator and state-owned insurance corporations and increases the coverage of insurance in Bangladesh.

P156823 3/20/2017 2023 / 2055 c IPF - - - - 65.0 47.9 -

SAR BangladeshFirst Regional Connectivity Project improves conditions for trade through improving connectivity, reducing logistics bottlenecks, and supporting the adoption of modern approaches to border management and trade facilitation.

P154580 4/5/2017 2023 / 2054 c IPF - - - - 150.0 110.8 -

SAR BangladeshSecond Investment Promotion and Financing Facility Project increases long-term financing for infrastructure and builds capacity of the local financial institutions for promoting private sector-led infrastructure financing in the country.

P159429 4/5/2017 2023 / 2054 c IPF - - Yes - 356.7 264.0 -

SAR BangladeshPower System Reliability and Efficiency Improvement Project improves the reliability and efficiency of the power system in the country through optimization of dispatch operation.

P159807 4/26/2017 2026 / 2047 c IPF - - - - 59.0 44.4 -

SAR Bangladesh Export Competitiveness for Jobs contributes to export diversification and more and better jobs in targeted sectors. P156113 6/1/2017 2023 / 2055 c IPF - - Yes - 100.0 73.8 -

SAR Bangladesh

Chittagong Water Supply Improvement and Sanitation Project (Additional Financing) increases the sustainable access to safe water and improved sanitation, as well as supports the establishment of a long-term water supply, sanitiation, and drainage infrastructure development and operation management program in Chittagong.

P161566 6/23/2017 2023 / 2055 c IPF Yes - - - 47.5 34.7 -

SAR Bhutan

Second Fiscal Sustainability and Investment Climate Development Policy Financing promotes fiscal discipline, improves access to finance for enterprises, and improves the climate for business entryand investment in Bhutan.

P157469 12/21/2016 2022 / 2041 c DPF - - Yes - 24.0 17.5 -

SAR India Nagaland Health Project improves health services and increases their utilization by communities in targeted locations in Nagaland. P149340 12/19/2016 2022 / 2041 c IPF - - - - 48.0 35.9 -

SAR India Bihar Rural Roads Project improves rural road connectivity in project districts, and enhance management of rural roads in Bihar. P155522 12/21/2016 2022 / 2041 c IPF - - - - 235.0 175.5 -

SAR IndiaUttarakhand Health Systems Development Project improves access to quality health services, particularly in the hilly districts of the state, and expands health financial risk protection for the residents of Uttarakhand.

P148531 1/26/2017 2022 / 2042 c IPF - - Yes - 100.0 73.7 -

SAR IndiaSkill Strengthening for Industrial Value Enhancement Program-for-Results improves access to quality and market-driven vocational training provided in industrial training institutes and apprenticeships.

P156867 3/2/2017 2022 / 2042 c PforR - - - - 125.0 92.9 -





















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



SAR IndiaNational Hydrology Project improves the extent, quality, and accessibilityof water resources information and strengthens the capacity of targeted water resources management institutions.

P152698 3/15/2017 2023 / 2039 l IPF - - - 175.0 - - -

SAR IndiaWest Bengal Support to Institutional Strengthening of Gram Panchayat Program-for-Results (Second Phase) strengthens the institutional and financial capacities of Gram Panchayats across West Bengal.

P159427 3/15/2017 2025 / 2039 l PforR - - - 210.0 - - -

SAR India Shared Infrastructure for Solar Parks Project increases solar generation capacity through the establishment of large-scale solar parks in the country. P154283 3/30/2017 2022 / 2035 l IPF - - - 75.0 - - -

SAR IndiaMadhya Pradesh Urban Development Project enhances the capacity of the Madhya Pradesh Urban Development Co Ltd. to improve coverage of key urban services and increase the revenue of participating urban local bodies.

P155303 4/12/2017 2023 / 2047 l IPF - - Yes 116.2 - - -

SAR India

Capacity Augmentation of the National Waterway-1 (Jal Marg Vikas) Project enhance transport efficiency and reliability of National Waterway-1 and augment institutional capacity for the development and management of India's inland waterway transport system in an environmentally sustainable manner.

P148775 4/12/2017 2024 / 2034 l IPF - - Yes 375.0 - - -

SAR IndiaHimachal Pradesh Public Financial Management Capacity Building Program-for-Results improves the efficiency of public expenditure management and tax administration in Himachal Pradesh.

P156687 5/17/2017 2022 / 2036 l PforR - - - 36.0 - - -

SAR India24x7 - Power for All in Andhra Pradesh increases the system capacity to deliver electricity to customers, and improves the operational efficiency and system reliability in distribution of electricity in selected areas in Andhra Pradesh.

P155038 5/26/2017 2022 / 2036 l IPF - - - 240.0 - - -

SAR India Citizen-Centric Service Delivery Reform Project improves access in the delivery of select public services in Assam. P150308 5/26/2017 2022 / 2036 l IPF - - - 39.2 - - -

SAR IndiaJharkhand Opportunities for Harnessing Rural Growth (JOHAR) Project enhances and diversifies household income in select farm and non-farm sectors for targeted beneficiaries in project areas.

P158798 5/26/2017 2023 / 2034 l IPF - - Yes 100.0 - - -

SAR India Innovate in India (I3) Project facilitates innovation in biopharmaceutical products and medical devices that address public health priorities in the country.

P156241 5/31/2017 2023 / 2034 l IPF - - - 125.0 - - -

SAR IndiaAssam State Public Finance Institutional Reforms (ASPIRe) Project contributes to improvement in predictability and transparency in budget execution and efficiency in tax administration in Assam.

P157198 6/15/2017 2022 / 2036 l IPF - - - 35.0 - - -

SAR IndiaSkill India Mission Program-for-Results enhances institutional mechanisms for skill development and incrase access to quality and market relevant training for the work force.

P158435 6/23/2017 2023 / 2035 l PforR - - Yes 250.0 - - -

SAR MaldivesSustainable Fisheries Resources Development Project improves management of fisheries at regional and national levels including support to establish mariculture in targeted atolls in the country.

P157801 4/11/2017 - g IPF - - Yes - 18.0 13.3 -

SAR Maldives Maldives Clean Environment Project improves solid waste management in selected zones. P160739 6/23/2017 - g IPF - - - - 17.5 12.8 -

SAR NepalRoad Sector Development Project (Additional Financing) provides residents of the beneficiary districts access to all-season roads, thereby reducing travel time and improving access to economic centers and social services.

P157607 8/25/2016 2023 / 2054 c IPF Yes - - - 55.0 39.3 -

SAR NepalStrengthening Systems for Social Protection and Civil Registration Project improves the coverage of social security allowances and civil registration, and the delivery of social security allowances.

P154548 12/2/2016 2023 / 2054 c IPF - - Yes - 150.0 107.6 -

SAR Nepal Health Sector Management Reform Program-for-Results improves efficiency in public resource management systems of the health sector in Nepal. P160207 1/13/2017 2023 / 2054 c PforR - - Yes - 150.0 107.6 -

SAR NepalThird Financial Sector Stability Development Policy Financing supports the financial sector medium-term reform program initiated by the Nepalese authorities to reduce the vulnerability of the banking sector and increase its transparency.

P156960 3/2/2017 2023 / 2055 c DPF - - Yes - 100.0 70.6 -

SAR NepalSchool Sector Development Program-for-Results improves the quality, equitable access, and efficiency of basic and secondary education by supporting the government’s School Sector Development Program.

P160748 3/24/2017 2023 / 2055 c PforR - - Yes - 185.0 136.2 -

SAR Pakistan Tarbela Fourth Extension Hydropower Project (Additional Financing) facilitates a sustainable expansion of the country's electricity generation capacity. P157372 9/20/2016 2022 / 2036 l IPF Yes - Yes 390.0 - - -






















ApprovalFirst/Last




SpecialFinancingb


IBRD (US$)

IDA (US$)

IDA (SDRe)



SAR PakistanPunjab Tourism for Economic Growth Project strengthens institutional capacity, increases private sector participation, and improves infrastructure services in support of the tourism sector in the province of Punjab.

P158099 3/15/2017 2022 / 2040 c IPF - - Yes - 50.0 36.8 -

SAR PakistanNational Social Protection Program-for-Results strengthens the national social safety net systems for the poor to enhance their human capital development and their access to complementary services.

P158643 3/15/2017 2022 / 2040 c PforR - - Yes - 100.0 74.4 -

SAR PakistanFinance for Growth Development Policy Financing strengthens, broadens, and diversifies the financial sector to promote financial inclusion, and improves governance and transparency of the financial sector.

P161136 3/15/2017 2022 / 2041 c DPF - - - - 301.6 222.1 -

SAR PakistanSindh Enhancing Response to Reduce Stunting Project contributes to the reduction of the stunting rate among children under 5 years of age by targeting the most affected districts in the Province of Sindh.

P161624 5/26/2017 2022 / 2041 c IPF - - Yes - 61.6 45.5 -

SAR PakistanFinancial Inclusion and Infrastructure Project contributes to increasing access and usage of digital payments and other financial services for households and businesses in the country.

P159428 6/15/2017 2022 / 2042 c IPF - - Yes - 137.0 100.3 -

SAR PakistanKarachi Neighborhood Improvement Project enhances public spaces in targeted neighborhoods of Karachi, and improves the city's capacity to provide selected administrative services.

P161980 6/15/2017 2022 / 2041 c IPF - - Yes - 86.0 62.8 -

SAR Sri Lanka

Competitiveness, Transparency, and Fiscal Sustainability Development Policy Financing supports the long‐term development of the country's economy through a renewed engagement on reforms to eliminate obstacles to private sector competitiveness, enhance transparency and public sector management, and improve fiscal sustainability.

P157804 7/29/2016 2024 / 2043 c DPF - - - - 100.0 71.8 -

SAR Sri LankaSocial Safety Nets Project contributes to the improved equity, efficiency, and transparency of the country's social safety net programs for the benefit of the poor and vulnerable.

P156056 12/2/2016 2022 / 2040 c IPF - - - - 75.0 53.7 -

SAR Sri LankaSri Lanka Financial Sector Modernization Project contributes to increasing financial market efficiency and use of financial services among micro, small, and medium enterprises and individuals.

P159303 4/5/2017 2022 / 2041 c IPF - - - - 75.0 55.4 -

SAR Sri LankaAccelerating Higher Education Expansion and Development Program-for-Results increases enrollment in priority disciplines, improves the quality of degree programs, and promotes research and innovation in the higher education sector.

P159995 5/12/2017 2022 / 2041 c, l PforR - - Yes 67.0 33.0 24.4 -

p. Lending includes credits to St. Vincent and the Grenadines and to Grenada, and a loan to Grenada.

k. Lending includes a credit to Madagascar, and a grant to the Indian Ocean Commission.l. Lending includes a credit to Kenya, and a grant to the Intergovernmental Authority on Development.m. Lending includes grants to the Food and Agricultural Organization of the United Nations and the International Committee of the Red Cross.n. Lending includes loans to the Southern Gas Corridor Closed Joint Stock Company and to Boru Hatları İle Petrol Taşıma Anonim Şirketi, with guarantees to Azerbaijan and to Turkey.

o. Lending includes credits to St. Lucia and St. Vincent and the Grenadines, and a loan to Grenada.

f. Lending includes a grant to the East African Community.g. Lending includes credits to Burkina Faso and Côte d'Ivoire.h. Lending includes credits to Benin, Guinea, Niger, and Togo. i. Lending includes credits to Guinea-Bissau, Liberia, Nigeria, and Togo, and a grant to Togo.j. Lending includes a credit to Guinea-Bissau.

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

c. Civil society involvement includes those projects that clearly note within their project documents either the involvement of civil society actors (including, but not limited to, non-governmental organizations, faith-based organizations, or other beneficiary-oriented actors) during the project’s preparation, or describe the intention to involve such actors during the

project’s implementation. This classification is separate and unrelated to the goals of the World Bank Group’s Strategic Framework for Mainstreaming Citizen Engagement.

Notes: Numbers may not add to totals because of rounding. Summary does not include a $50 million grant for the Pandemic Emergency Financing Facility. AFR = Africa; c = IDA credit; DPF = Development Policy Financing; EAP = East Asia and Pacific; ECA = Europe and Central Asia; g = IDA grant; gu = IBRD or IDA guarantee; l = IBRD loan; IPF = Investment Project Financing; LCR = Latin America and the Caribbean; MNA = Middle East and North Africa; PforR = Program-for-Results; SAR = South Asia; - = not applicable. For more detailed information, see 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.











Annual Report 2017

Income by Region

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013East Asia and Pacific 1,111 1,014 889 966 877 684 669 535 349 288 218 167 142 71 Europe and Central Asia .. .. 5 9 25 34 37 29 23 15 14 13 12 10 Latin America and the Caribbean 61 76 63 71 68 71 72 71 61 42 39 36 34 34 Middle East and North Africa .. 16 17 14 14 12 10 .. 9 7 .. .. .. ..South Asia 504 517 511 505 541 517 .. 552 508 465 400 328 293 256 Sub-Saharan Africa .. .. .. 276 323 346 371 391 382 389 399 396 393 389

Total six regions 1,893 1,851 1,738 1,840 1,849 1,664 1,692 1,588 1,332 1,205 1,077 946 880 766 World 1,893 1,851 1,738 1,840 1,849 1,664 1,692 1,588 1,332 1,205 1,077 946 880 766

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013East Asia and Pacific 80.5 69.9 58.3 60.2 52.4 39.4 37.2 29.0 18.4 14.9 11.1 8.4 7.1 3.5 Europe and Central Asia .. .. 1.2 1.9 5.5 7.3 8.0 6.3 5.0 3.1 2.9 2.6 2.4 2.2 Latin America and the Caribbean 16.2 19.0 14.7 15.8 14.4 14.2 13.9 13.0 10.8 7.1 6.5 6.0 5.6 5.4 Middle East and North Africa .. 8.3 8.5 6.0 5.6 4.8 3.8 .. 3.0 2.1 .. .. .. ..South Asia 54.7 52.3 48.2 44.6 44.8 40.3 .. 38.5 33.6 29.4 24.6 19.9 17.5 15.1 Sub-Saharan Africa .. .. .. 54.3 58.4 57.7 57.1 55.6 50.0 47.0 45.7 44.1 42.6 41.0

Total six regions 51.6 47.5 42.1 42.0 40.1 34.4 33.4 30.0 24.2 21.1 18.3 15.9 14.6 12.6 World 41.9 38.9 34.7 34.8 33.4 28.7 28.0 25.3 20.5 17.8 15.6 13.5 12.4 10.7

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013East Asia and Pacific 1,286 1,308 1,297 1,342 1,300 1,183 1,164 1,013 812 682 564 488 439 321 Europe and Central Asia .. .. 32 47 67 86 94 67 50 34 35 34 33 31 Latin America and the Caribbean 112 136 121 133 131 136 136 139 121 91 83 78 73 70 Middle East and North Africa .. 54 60 54 61 63 54 .. 53 46 .. .. .. ..South Asia 774 819 855 888 952 971 .. 1,060 1,050 1,042 1,007 937 893 854 Sub-Saharan Africa .. .. .. 375 424 459 499 539 557 581 604 609 614 616

Total six regions 2,532 2,657 2,709 2,839 2,934 2,897 2,958 2,870 2,643 2,476 2,337 2,189 2,093 1,932 World .. .. .. .. .. .. .. .. .. .. .. .. .. ..

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013East Asia and Pacific 93.1 90.2 85.0 83.7 77.8 68.1 64.8 54.8 42.8 35.2 28.7 24.7 22.1 16.0 Europe and Central Asia .. .. 7.1 10.2 14.3 18.4 20.0 14.4 10.8 7.4 7.4 7.1 6.9 6.5 Latin America and the Caribbean 29.8 34.0 28.5 29.5 27.6 27.3 26.2 25.6 21.4 15.4 13.8 12.8 11.9 11.3 Middle East and North Africa .. 28.8 29.0 23.9 25.2 24.4 19.6 .. 17.6 14.3 .. .. .. ..South Asia 84.0 82.9 80.7 78.4 78.8 75.6 .. 73.8 69.5 65.9 61.8 56.7 53.3 50.3 Sub-Saharan Africa .. .. .. 73.8 76.6 76.5 76.8 76.5 73.1 70.3 69.1 67.9 66.5 65.0

Total six regions 69.0 68.2 65.5 64.8 63.6 59.8 58.4 54.3 48.0 43.3 39.8 36.8 34.7 31.7 World .. .. .. .. .. .. .. .. .. .. .. .. .. ..

Note: PPP = purchasing power parity; .. = not available. For details on regional groupings, see http://iresearch.worldbank.org/PovcalNet/data.aspx. Data are current as of October 2016.

Regional Poverty Estimates | 1981–2013





Source: PovCalNet, World Development Indicators, and World Bank Poverty and Equity databases. For data updates visit data.worldbank.org.

Gross Domestic Product per Capita Index | 2005–16

Note: 2016 data unavailable for Middle East and North Africa Region. Source: World Development Indicators database.

100

120

50

100

150

200

25020

05

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Africa

100

222

50

100

150

200

250

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

East Asia and Pacific

100

135

50

100

150

200

250

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Europe and Central Asia

100117

50

100

150

200

250

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Latin America and the Caribbean

100113

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Middle East and North Africa

100

181

50

100

150

200

250

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

South Asia

Annual Report 2017

Organizational Information

Governors and Alternates of the World Bank | June 30, 2017 Member Country Governor Alternate

Afghanistan Eklil Ahmad Hakimi Mohammad M. Mastoor Albania Arben Ahmetaj Elisabeta Gjoni Algeria Abderrahmane Raouya Abdelhak Bedjaoui Angola Augusto de Sousa Archer Mangueira Job Graca

Antigua and Barbuda a Gaston Browne Lennox Weston Argentina Luis Andres Caputo Federico Sturzenegger Armenia Vache Gabrielyan Armen Hayrapetyan Australia Scott Morrison Kelly O'Dwyer Austria Hans Joerg Schelling Harald Waiglein Azerbaijan Elman Siradjogly Rustamov Shahin Mustafayev Bahamas, The Peter Turnquest Simon Wilson

Bahrain a Ahmed Bin Mohammed Al-Khalifa Yusuf Abdulla Humood Bangladesh Abul Maal A. Muhith Kazi Shofiqul Azam Barbados Christopher P. Sinckler Martin E. Cox

Belarus a Vasily Matyushevsky Vladimir Zinovsky Belgium Johan Van Overtveldt Alexander De Croo Belize Dean O. Barrow Yvonne Sharman Hyde Benin Abdoulaye Bio Tchane Romuald Wadagni Bhutan Lyonpo Namgay Dorji Nim Dorji Bolivia Mariana Prado Noya Luis Alberto Arce Catacora Bosnia and Herzegovina Denis Zvizdic Josip Grubesa Botswana Ontefetse Kenneth Matambo Solomon M. Sekwakwa Brazil Henrique de Campos Meirelles Ilan Goldfajn

Brunei Darussalam a Sultan Haji Hassanal Bolkiah Abd Rahman Ibrahim

Bulgaria a Vladislav Goranov Dimitar Kostov Burkina Faso Hadizatou Rosine Coulibaly/Sori Ambroise Kafando Burundi Domitien Ndihokubwayo Leon Nimbona Cabo Verde Olavo Correia Carlos Furtado Cambodia Pornmoniroth Aun Vissoth Vongsey Cameroon Louis Paul Motaze Charles Assamba Ongodo Canada Bill Morneau Malcolm Brown Central African Republic Felix Moloua Marie Laure Dengou Chad Ngueto Tiraina Yambaye Christian Georges Diguimbaye Chile Rodrigo Osvaldo Valdes Pulido Sergio Granados Aguilar China Jie Xiao Yaobin Shi Colombia Mauricio Cardenas Santamaria Luis Fernando Mejia Alzate Comoros Said Ali Said Chayhane Fouady Goulame Congo, Dem. Rep. Henri Yav Mulang Jean-Claude Masangu Mulongo Congo, Rep. Ingrid Olga Ghislaine Ebouka-Babackas Calixte Nganongo Costa Rica Helio Fallas Olivier Castro Perez Côte d'Ivoire Amadou Gon Coulibaly Abdourahmane Cisse Croatia Zdravko Maric Zeljko Tufekcic

Member Country Governor Alternate

Cyprus Harris Georgiades Christos Patsalides Czech Republic Andrej Babis Lenka Dupakova Denmark Ulla Tornaes Martin Bille Hermann Djibouti Ilyas Moussa Dawaleh Amareh Ali Said Dominica Roosevelt Skerrit Rosamund Edwards Dominican Republic Isidoro Santana Donald Guerrero Ecuador Patricio Rivera Yanez Diego Martinez Vinueza Egypt, Arab Rep. Sahar Nasr Dalia Khorshid El Salvador Francisco Roberto Lorenzana-Duran Carlos Enrique Caceres Equatorial Guinea Eucario Bacale Angue Milagrosa Obono Angue Eritrea Berhane Habtermariam Martha Woldegiorghis Estonia Toomas Toniste Marten Ross Ethiopia Abraham Tekeste Ato Admasu Nebebe Fiji Aiyaz Sayed-Khaiyum Makereta Konrote Finland Petteri Orpo Kai Mykkanen France Bruno Le Maire Odile Renaud-Basso Gabon Regis Immongault Roger Owono Mba Gambia, The Amadou Sanneh Lamin Camara Georgia Dimitry Kumsishvili George Kvirikashvili Germany Gerd Mueller Thomas Steffen Ghana Kenneth Ofori-Atta Charles Adu Boahen Greece Dimos Papadimitriou Ilias Xanthakos Grenada Keith C. Mitchell Kim Frederick Guatemala Julio Hector Estrada Julio Suarez-Guerra Guinea Kanny Diallo Mohamed Lamine Doumbouya Guinea-Bissau Joao Alage Mamadu Fadia Jose Adelino Vieira Guyana Winston Jordan VACANT Haiti Jude Alix Patrick Salomon Jean Baden Dubois Honduras Wilfredo Rafael Cerrato Rodriguez Manuel de Jesus Bautista Flores Hungary Mihaly Varga Agnes Anna Hornung Iceland Gudlaugur Thor Thordarson Benedikt Johannesson India Arun Jaitley Shri Shaktikanta Das Indonesia Sri Mulyani Indrawati Bambang P.S. Brodjonegoro Iran, Islamic Rep. Ali Taieb Nia Mohammad Khazaee Torshizi Iraq Abdulrazzaq A. Jaleel Essa Ali Muhsin Ismail Ireland Paschal Donohoe Derek Moran Israel Moshe Kahlon Nadine Baudot-Trajtenberg Italy Ignazio Visco Filippo Giansante Jamaica a Audley Shaw Everton McFarlane Japan Taro Aso Haruhiko Kuroda Jordan Imad Najib Fakhoury Saleh Al-Kharabsheh Kazakhstan Timur Suleimenov Madina Abylkassymova Kenya Henry Kiplagat Rotich Kamau Thugge


Kiribati Teuea Toatu Tukabu Tauati Korea, Rep. Dong Yeon Kim Juyeol Lee Kosovo Avdullah Hoti VACANT Kuwait Anas K. Al-Saleh Abdulwahab Ahmed Al-Bader Kyrgyz Republic Adylbek Kasymaliev Arzybek Kozhoshev Lao PDR Somdy Douangdy Vathana Dalaloy Latvia Dana Reizniece-Ozola Arvils Aseradens Lebanon Ali Hassan Khalil Raed Khoury Lesotho Tlohelang Peter Aumane Majakathata Simon Thakhisi Liberia Boima S. Kamara Milton Weeks Libya VACANT VACANT Lithuania Vilius Sapoka Loreta Maskalioviene Luxembourg Pierre Gramegna Arsene Joseph Jacoby Macedonia, FYR Dragan Tevdovski Kocho Angjushev Madagascar Herilanto Raveloharison Alexandre Randrianasolo Malawi Goodall E. Gondwe Ben Botolo Malaysia Mohd. Najib Abdul Razak Mohd. Irwan Serigar Abdullah Maldives Ahmed Zuhoor Mohamed Jaleel Mali Boubou Cissé Konimba Sidibe Malta a Edward Scicluna Alfred S. Camilleri Marshall Islands Brenson S. Wase David Paul Mauritania El Moctar Ould Djay Abass Sylla Mauritius Pravind Kumar Jugnauth Dharam Dev Manraj Mexico José Antonio Meade Kuribreňa Vanessa Rubio Márquez Micronesia, Fed. Sts. Sihna N. Lawrence Senny Phillip Moldova Octavian Armasu Veronica Vragaleva Mongolia Battogtokh Choijilsuren Nadmid Bayartsaikhan Montenegro Darko Radunovic Nikola Vukicevic Morocco Mohammed Boussaid Mohammed Louafa Mozambique Adriano Afonso Maleiane Rogerio Lucas Zandamela Myanmar U Kyaw Win Khin Saw Oo Namibia a Carl Hermann Gustav Schlettwein Ipumbu Shiimi Nauru a David Adeang Martin Hunt Nepal Gyanendra Bahadur Karki Shanta Raj Subedi Netherlands Jeroen Dijsselbloem Lilianne Ploumen New Zealand Steven Joyce Gabriel Makhlouf Nicaragua Ivan Acosta Montalvan Francisco J. Mayorga Niger Aichatou Boulama Kane Ahmat Jidoud Nigeria Kemi Adeosun Mahmoud Isa-Dutse Norway Borge Brende Tone Skogen Oman Darwish Ismail Al Balushi VACANT Pakistan Mohammad Ishaq Dar Tariq Mahmood Pasha Palau Elbuchel Sadang Casmir Remengesau


Papua New Guinea Patrick Pruaitch Dairi Vele Paraguay Lea Raquel Gimenez Duarte Humberto Colman Peru Fernando Zavala Lombardi Rossana Carla Polastri Clark Philippines Carlos G. Dominguez III Amando M. Tetangco Poland Adam Glapinski Piotr Nowak Portugal Mario Centeno Ricardo Mourinho Felix Qatar a Ali Sharieff Al Emadi Abdullah Bin Saoud Al-Thani Romania Viorel Stefan Liviu Voinea Russian Federation Anton Siluanov Alexey Ulyukaev Rwanda Claver Gatete Uzziel Ndagijimana Samoa Sili Sala Epa Tuioti Iulai Lavea San Marino a Andrea Zafferani Dario Galassi São Tomé and Príncipe Americo d'Oliveira dos Ramos Ana Maria da Conceicao Silveira Saudi Arabia Mohammed A. Al-Jadaan Ahmed A. Alkholifey Senegal Amadou Ba Daouda Sembene Serbia Dusan Vujovic Rasim Ljajic Seychelles a Louis Rene Peter Larose Caroline Abel Sierra Leone Momodu L. Kargbo Edmund Koroma Singapore Heng Swee Keat Ching Yee Tan Slovak Republic Peter Kazimir Jan Toth Slovenia Mateja Vranicar Erman Gorazd Rencelj Solomon Islands Snyder Rini Harry Degruit Kuma Somalia Abdirahman Duale Beileh Bashir Isse South Africa Malusi Gigaba Lungisa Fuzile South Sudan Stephen Dhieu Dau Kornelio Koryom Spain Luis De Guindos Irene Garrido Valenzuela Sri Lanka Mangala Samaraweera M. I. M. Rafeek St. Kitts and Nevis Timothy S. Harris Hillary Hazel St. Lucia Allen M. Chastanet Ubaldus Raymond St. Vincent and the Grenadines Camillo Gonsalves Laura Anthony-Browne Sudan Bader Eldin Mahmoud Abbas Abedrahman Hassan Abedrahman Suriname a Gillmore Hoefdraad Sieglien Burleson Swaziland Hlangusemphi Dlamini Bheki Sibonangaye Bhembe Sweden Magdalena Andersson Isabella Lovin Switzerland Johann N. Schneider-Ammann Didier Burkhalter Syrian Arab Republic Mhd. Samer Al-Khalil Mohammad Hamandosh Tajikistan Abdusalom Qurboniyon Ashurboy Solehzoda Tanzania Philip Isdor Mpango Doto Mgosha James Thailand Apisak Tantivorawong Somchai Sujjapongse Timor-Leste Santina JRF Viegas Cardoso Helder Lopes Togo Kossi Assimaidou Aheba Johnson Tonga Tevita Lavemaau Pilimilose Balwyn Fa'otusia Trinidad and Tobago Colm Imbert Camille Robinson-Regis


Tunisia Mohamed Fadhel Abdelkefi Kalthoum Hamzaoui Turkey Osman Celik Raci Kaya

Turkmenistan a Muhammetguly A. Muhammedov Merdanguly Magtymgulyyevich Palivanov

Tuvalu Maatia Toafa Letasi Iulai Uganda Matia Kasaija Keith Muhakanizi Ukraine Stepan Kubiv VACANT United Arab Emirates Hamdan bin Rashid Al-Maktoum Obaid Humaid Al Tayer United Kingdom Priti Patel Philip Hammond United States Andrew Baukol VACANT

Uruguay a Danilo Astori Pablo Ferreri Uzbekistan Galina Saidova Ravshan Gulyamov Vanuatu Gaetan Pikioune Simeon Malachi Athy

Venezuela, RB a Ramon Augusto Lobo Moreno Eudomar Rafael Tovar Vietnam Minh Hung Le Thi Hong Nguyen Yemen, Rep. Mohammed Saeed Al-Sadi Nazar Abdulla Basuhaib Zambia Felix Mutati Fredson K. Yamba Zimbabwe Patrick Anthony Chinamasa Willard Lowenstern Manungo

Source: Corporate Secretariat, June 30, 2017.

a. Not a member of IDA

Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2017

IBRD IDA

Executive Director Alternate Casting votes of Total votes

% of total

Total votes

% of total

Appointed

Karen Mathiasen (Vacant) United States 385,195 16.32 2,748,798 10.21

Kazuhiko Koguchi Daiho Fujii Japan 166,137 7.04 2,275,107 8.45

Yingming Yang Minwen Zhang China 107,287 4.55 592,628 2.20

Juergen Zattler Claus Michael Happe Germany 97,267 4.12 1,469,076 5.46

Hervé de Villeroché Benoit Paul Eleuthere Catzaras France 91,097 3.86 1,026,486 3.81

Melanie Robinson Clare Roberts United Kingdom 91,097 3.86 1,676,710 6.23

Elected

Franciscus Godts (Belgium)

Guenther Schoenleitner (Austria)

Austria, Belarusa, Belgium, Czech Republic, Hungary, Kosovo, Luxembourg, Slovak Republic, Slovenia, Turkey

116,633 4.94 1,260,685 4.68

Fernando Jimenez Latorre (Spain)

Rodrigo Carriedo Haro (Mexico)

Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela (Republica Bolivariana de)a

112,983 4.79 654,240 2.43

Frank Heemskerk (Netherlands)

Claudiu Doltu (Romania)

Armenia, Bosnia and Herzegovina, Bulgariaa, Croatia, Cyprus, Georgia, Israel, Macedonia (former Yugoslav Republic of), Moldova, Montenegro, Netherlands, Romania, Ukraine

96,450 4.09 1,294,427 4.81

Jason Allford (Australia)

Hoe Jeong Kim (Republic of Korea)

Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands, Micronesia (Federated States of), Mongolia, Naurua, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, Vanuatu

96,402 4.08 1,044,792 3.88

Christine Hogan (Canada)

Peteranne Tamara Donaldson (Jamaica)

Antigua and Barbudaa, The Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Ireland, Jamaicaa, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines

85,125 3.61 1,196,905 4.44

Subhash Garg (India)

Muhammad Musharraf Hossain Bhuiyan (Bangladesh)

Bangladesh, Bhutan, India, Sri Lanka

84,997 3.60 1,053,292 3.91

IBRD IDA


% of total

Total votes

% of total

Patrizio Pagano (Italy)

Nuno Mota Pinto (Portugal)

Albania, Greece, Italy, Maltaa, Portugal, San Marinoa, Timor-Leste

79,198 3.36 838,622 3.11

Otaviano Canuto (Brazil)

Diana Quintero (Colombia)

Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Panama, Philippines, Surinamea, Trinidad and Tobago

78,634 3.33 927,101 3.44

Susan Anette Ulbaek (Denmark)

Martin Poder (Estonia)

Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden

74,606 3.16 1,442,217 5.36

Omar Bougara (Algeria)

Nasir Mahmood Khosa (Pakistan)

Afghanistan, Algeria, Ghana, Iran (Islamic Republic of), Morocco, Pakistan, Tunisia

74,057 3.14 682,198 2.53

Werner Gruber (Switzerland)

Paulina Gomulak (Poland)

Azerbaijan, Kazakhstan, Kyrgyz Republic, Poland, Serbia, Switzerland, Tajikistan, Turkmenistana, Uzbekistan

73,497 3.11 1,237,662 4.60

Andin Hadiyanto (Indonesia)

Pornwasa Sirinupongs (Thailand)

Brunei Darussalama, Fiji, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam

71,009 3.01 793,436 2.95

Andrei Lushin (Russian Federation)

Eugene B. Miagkov (Russian Federation)

Russian Federation, Syrian Arab Republic

70,343 2.98 101,674 0.38

Khalid Alkhudairy (Saudi Arabia)

Turki Dhaifallah Almutairi (Saudi Arabia)

Saudi Arabia 67,198 2.85 885,267 3.29

Merza Hasan (Kuwait)

Ragui El-Etreby (Arab Republic of Egypt)

Bahraina, Egypt (Arab Republic of), Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatara, United Arab Emirates, Yemen (Republic of)

64,475 2.73 560,512 2.08

Maximo Torero (Peru)

Daniel Pierini (Argentina)

Argentina, Bolivia, Chile, Paraguay, Peru, Uruguaya

49,666 2.10 593,205 2.20

Seydou Bouda (Burkina Faso)

Jean-Claude Tchatchouang (Cameroon)

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

45,368 1.92 1,155,700 4.29

IBRD IDA


% of total

Total votes

% of total

Andrew Bvumbe (Zimbabwe)

Anne Kabagambe (Uganda)

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

42,472 1.80 1,098,122 4.08

Patience Bongiwe Kunene (South Africa)

Haruna Mohammed (Nigeria)

Angola, Nigeria, South Africa 39,128 1.66 321,878 1.20

a. Not a member of IDA.

In addition to the Executive Directors and Alternates shown in the foregoing list, the following also served after June 30, 2015.

Executive Director End of period of service Alternate End of period of service

Shixin Chen (China)

May 27, 2016 Janet Harris (St. Kitts and Nevis)

November 1, 2015

Sung-Soo Eun (Republic of Korea)

January 17, 2016 Daniel Kostzer (Argentina)

April 27, 2016

Gwen Hines (United Kingdom)

August 5, 2015 Wilhelm Michael Rissmann (Germany)

August 31, 2015

Mohammad Tareque (Bangladesh)

October 31, 2015

Roman Zhukovskyi (Ukraine)

August 2, 2015

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 2804

Washington, DC, October 8, 2016 1. The Development Committee met today, October 8, in Washington, D.C.

2. Global economic growth remains sluggish in 2016, with only a modest pick-up expected in 2017. Demand has remained soft

despite highly stimulative monetary policies, foreign direct investment to developing countries has decreased, commodity

exporters are adjusting to declines in exports, and wider geopolitical and economic uncertainties are weighing on confidence. We

call on the World Bank Group (WBG) and the International Monetary Fund (IMF) to work jointly with countries to enhance

synergy among monetary, fiscal and structural reform policies, stimulate growth, create jobs, and strengthen the gains from

multilateralism for all.

3. We share a vision of the WBG as a premier development institution: it plays a key role in advancing policies essential for

sustainable growth, poverty reduction, and economic transformation; leads on global agendas; and helps ensure that the benefits of

globalization are widely shared. During the next 15 years, the development landscape will face critical shifts, including climate

change; natural disasters; pandemics; fragility, conflict and violence; migration and forced displacement; urbanization; and

demographic changes. Meeting these challenges, and rising to the ambition of the Twin Goals, the Sustainable Development

Goals (SDGs) and the COP21 Agreement, will require a better, stronger, and more agile WBG. This task will also require deeper

engagement and collaboration with international financial institutions and global partners, additional private funds, the ability to

harness technological change and increased country capacity to raise domestic resources. In this regard, we welcome the report to

Governors on the Forward Look: A Vision for the WBG in 2030.

4. We value the commitment to a more efficient and agile WBG that follows a risk-based approach, upholds standards, exploits

synergies across its institutions, and has a culture that supports these shifts. Resources should be strategically deployed to meet

global and client needs and targeted to areas of the world that most need funding and have least access to capital, with a tailored

value proposition to the full range of clients. The WBG should strengthen the knowledge agenda, including through enhanced

monitoring, learning and evaluation frameworks and South-South flows and help enhance countries’ crisis preparedness,

prevention and response frameworks. We expect a progress update on the Forward Look with clear results indicators at the 2017

Spring Meetings.

5. The private sector is essential to creating jobs and delivering higher living standards. Public policies that improve governance and

regulation, make markets more competitive, and increase openness and predictability are prerequisites to higher investment and

better development outcomes. We urge the WBG to take a Group-wide approach to help create markets, particularly in the most

challenging environments, and to mobilize private resources, including through guarantees, especially for quality infrastructure,

and for small and medium enterprises. Bringing together the joint capabilities of all WBG institutions is crucial to mobilizing

finance for development and delivering global public goods. We encourage the WBG to expand its strong collaboration with other

multilateral development banks (MDBs), in line with their recent declaration on infrastructure. We welcome the Global

Infrastructure Connectivity Alliance, announced in September 2016.

6. Mobilizing domestic resources and addressing illicit financial activities will be vital to unlocking finance for development: we

urge the WBG and IMF to foster policies and transparent institutions that advance these efforts and improve public expenditure

management. We applaud the WBG support to the Stolen Asset Recovery Initiative. We welcome the progress that the IMF and

WBG have made in reviewing the Debt Sustainability Framework for Low-Income Countries. We stress the important role that

technology and the private sector can play in achieving the Universal Financial Access 2020 goal.

2

7. An ambitious IDA18 replenishment is key for delivering the 2030 agenda. We advocate for a strong IDA18 replenishment, with a

broadened donor base. We welcome the innovative financing and policy package, including the proposal to enable IDA, which

has recently received milestone triple-A ratings, to tap into capital markets to complement its resources. We urge the WBG to

ensure a smooth transition as countries graduate from IDA. We also welcome the enhanced Crisis Response Window and the

proposal to scale up private sector activities, including an IFC and MIGA Private Sector Window.

8. Large movements of people constitute a shared, long-term challenge for countries at all levels of development. More than half the

world’s poor live in countries affected by fragility, conflict, and violence (FCV), where IDA support is particularly important. We

welcome proposals to double financial resources in these countries and to support, through tailored efforts to their specific needs,

refugees and the communities that host them. The WBG and the IMF should help tackle drivers of fragility, by improving

investment climates, strengthening local governance, rebuilding state institutions, broadening access to finance, and fostering

conflict prevention and resilience. The WBG should increase resources allocated to these efforts, enhance its capacity to work in

these environments, expand its work on forced displacement and migration and work closely with humanitarian partners.

9. We welcome the Global Crisis Response Platform, announced at the Leaders’ Summit on Refugees in September 2016, and urge

its rapid implementation. We expect it to provide scaled up, systematic, and better coordinated support to address crises, including

those arising from forced displacement, natural disasters and pandemics. The Global Concessional Financing Facility, the IDA

Crisis Response Window, and the proposed sub-regional window for refugees in IDA18 will be important for this effort. As part

of the Platform, we also welcome the launch of the Pandemic Emergency Financing Facility and look forward to its early start-up.

It will, together with upgraded efforts towards universal health coverage, fill a critical gap in health financing architecture.

10. We look forward to implementation of the WBG Climate Change Action Plan and support countries’ nationally determined

contributions under the COP21 agreement. We urge the WBG to continue to focus on building resilience while expanding

insurance schemes and increasing investments in climate-smart land use, green infrastructure, and sustainable cities. Small states

are disproportionately affected by natural disasters, including rising sea levels and extreme weather events. We ask the WBG and

IMF to continue supporting efforts to facilitate these countries’ access to climate finance for adaptation, mitigation and improved

disaster risk management.

11. Women still lag behind in most measures of economic opportunity, undermining national and global growth prospects. The

ambitions enshrined in the Twin Goals and the SDGs cannot be realized unless countries make significant progress in closing

gender gaps in key sectors. We strongly support the continued implementation of the WBG 2015 Gender Strategy and the

progress in diversifying WBG staff.

12. We welcome the approval of the Bank’s new Environmental and Social Framework, which reflects the most extensive

consultations ever conducted by the WBG. The standards expand protections for people and the environment in Bank-financed

investment projects and are part of a far-reaching effort by the WBG to improve development outcomes. We now ask the Bank to

focus on effective implementation, ensure appropriate financial and human resources to build staff and client capacity, establish a

robust accountability framework, and provide hands-on support where needed.

13. As part of the Voice reform, we remain committed to the Roadmap for implementation of the Shareholding Review that was

agreed at the 2015 Annual Meetings. We thank Executive Directors for completing their work on a dynamic formula that reflects

the evolution of the global economy and contributions to the WBG’s mission. We look forward to the next stage of discussions,

based on agreed shareholding principles, formula guidance, and the package of commitments in the Report to Governors on the

Dynamic Formula.

14. We also look forward to considering options to strengthen the financial position of the WBG institutions. We aim to conclude

these discussions no later than the 2017 Annual Meetings in line with the Roadmap endorsed in Lima.

15. We thank Mr. Bambang Brodjonegoro for his valuable leadership as Chairman of the Development Committee, and welcome his

successor, Ms. Sri Mulyani Indrawati, Minister of Finance of Indonesia, as its first female Chair. We congratulate Dr. Kim for his

reappointment as President of the World Bank Group for a second term.

16. The next meeting of the Development Committee is scheduled for April 22, 2017.

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 22, 2017

1. The Development Committee met today, April 22, in Washington, D.C. 2. The global economy is gaining momentum, but risks remain tilted to the downside. Further

improvements in the global outlook will require policies that foster inclusive and sustainable growth, address financial vulnerabilities, and create jobs and economic opportunities for all. Actions to tackle the adverse impact of the decline in correspondent banking relations are an important priority for many countries. World Bank Group (WBG) and International Monetary Fund (IMF) advice and support are important to advance such policies, deliver the 2030 agenda, and protect the most vulnerable.

3. Reducing inequality is necessary to ensure long-term and sustainable growth. Technological change,

trade, financial flows, and economic integration have helped boost incomes and have narrowed the economic gaps between countries. But these gains have not always been shared evenly within countries. We urge the WBG and IMF to redouble efforts to eradicate poverty and ensure that the benefits of international economic integration are shared widely.

4. We welcome the implementation update on the WBG Forward Look. In October, we endorsed a vision

for a better, stronger, and more agile WBG and identified areas for improvement. We recognize the progress so far in becoming a better WBG. We encourage continuing efforts, in coordination with development partners, to implement and report on the Forward Look commitments and associated policies to (i) prioritize private sector solutions when deploying scarce public resources, including for infrastructure; (ii) strengthen domestic resource mobilization; (iii) support global public goods; (iv) assist all WBG client segments; (v) be more agile, responsive, and results-focused in working across the public and private sectors; and (vi) pay special attention to stabilizing the economy and supporting growth in situations of fragility, conflict, and violence, as well as to the development needs of small states.

5. We support the WBG’s scaled-up activities in the area of crisis preparedness, prevention, and response,

through investments to address the root causes and drivers of fragility by helping countries build institutional and social resilience. We encourage further efforts to mobilize and rapidly disburse support for countries, communities, and refugees that are affected by famine or forced displacement, in close coordination with the UN and other partners. We acknowledge the various initiatives by the WBG to strengthen the Humanitarian-Development-Peace nexus.

6. We are encouraged by the WBG’s efforts to become more efficient through reforms of its operational

and administrative policies and its People Strategy. We welcome the budget discipline introduced by

FOR IMMEDIATE RELEASE

7. the Expenditure Review, acknowledge WBG efforts to ensure transparency and accountability in tracking and reporting how it uses its scarce resources, and urge continued commitment on these fronts.

8. We also welcome progress and discussions to strengthen the WBG’s financial capacity. We are greatly

encouraged by the successful IDA replenishment negotiations. IDA18 delivered a record $75 billion thanks to the generosity of partners and the plans to leverage IDA’s equity. Innovative measures introduced, such as the Private Sector Window, will help catalyze additional resources for IDA countries. We look forward to successful implementation that maximizes development impact.

9. We take note of the ongoing discussions to enhance the WBG’s financial capacity and enable it to deliver

on the ambition of the Forward Look. We ask the Board and Management to develop a set of options by the Annual Meetings in October 2017.

10. We welcome the progress made in the Shareholding Review and recall our commitment to the principles

we endorsed in Lima toward a WBG that reflects the evolution of the global economy and contributions to the WBG’s mission. We are encouraged by progress on diversity and inclusion in WBG staff and management, and we support similar progress on gender diversity in the Executive Board.

11. The next meeting of the Development Committee is scheduled for October 14, 2017.

Officers of the World Bank | June 30, 2017

Name Title

Jim Yong Kim President

Joaquim Levy Managing Director and World Bank Group Chief Financial Officer

Shaolin Yang Managing Director and World Bank Group Chief Administrative Officer

Kristalina Georgieva Chief Executive Officer

Paul Romer Chief Economist and Senior Vice President

Sandie Okoro Senior Vice President and World Bank Group General Counsel

Mahmoud Mohieldin Senior Vice President for the 2030 Development Agenda, United Nations, and Partnerships

Antonella Bassani Vice President, Budget, Performance Review, and Strategic Planning

Gonzalo Castro Chairperson, Inspection Panel

Ousmane Diagana Vice President and World Bank Group Chief Ethics Officer

Makhtar Diop Vice President, Africa

Annette Dixon Vice President, South Asia

Jorge Familiar Calderon Vice President, Latin America and the Caribbean

Denis Robitaille World Bank Group Vice President, Information and Technology Solutions, and Chief Information Officer

Hafez Ghanem Vice President, Middle East and North Africa

Keith Hansen Vice President, Human Development

Caroline Heider Director-General, Independent Evaluation Group

Victoria Kwakwa Vice President, East Asia and Pacific

Bernard Lauwers Vice President and World Bank Group Controller

Leonard McCarthy Vice President, Institutional Integrity

Sean McGrath Vice President, World Bank Group Human Resources

Cyril Muller Vice President, Europe and Central Asia

Hiroshi Naka Vice President and Auditor-General

Arunma Oteh Vice President and Treasurer

Sheila Redzepi Vice President, World Bank Group External and Corporate Relations

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, Development Finance

Yvonne Tsikata Vice President and Corporate Secretary

Laura Tuck Vice President, Sustainable Development

Jan Walliser Vice President, Equitable Growth, Finance, and Institutions

Keith HansenVice President

Human Development

Kristalina GeorgievaChief Executive Officer

IBRD/IDA

Joaquim LevyManaging Director

& WBG Chief Financial Officer

Sheila RedzepiVice President

WBG External & Corporate Relations

Sandie OkoroSr. Vice President &

WBG General Counsel

Laura TuckVice President

Sustainable Development

Jorge Familiar CalderonVice President

Latin America and Caribbean

Victoria KwakwaVice President


Hafez GhanemVice President

Middle East & North Africa

Cyril MullerVice President


Executive Directors

Board of Governors

Gonzalo CastroChairperson

Inspection Panel

Caroline HeiderDirector General

Independent Evaluation

Organizational ChartEffective June 9, 2017

Sean McGrathVice President

WBG Human Resources

Annette DixonVice President

South Asia

Makhtar DiopVice President

Africa

Yvonne TsikataVice President

Corporate Secretary

Hiroshi NakaVice President & Auditor-General

Internal Audit

Paul RomerSr. Vice President &

Chief Economist

Jim Yong KimPresident

Hartwig SchaferVice President

Operations Policy and Country Services

Jan WalliserVice President

Equitable Growth, Financeand Institutions

Ousmane DiaganaVice President &

WBG Chief Ethics Officer

WBG Ethics & Business Conduct

Lakshmi Shyam-SunderVice President &

WBG Chief Risk Officer

Group Chief Risk Officer

Leonard McCarthyVice President

Institutional Integrity

Antonella BassaniVice President

Budget, Performance Review & Strategic Planning

Axel van TrotsenburgVice President

Development Finance

Arunma OtehVice President &

Treasurer

Treasury

Mahmoud MohieldinSr. Vice President

2030 Development AgendaUN Relations & Partnerships

Shaolin YangManaging Director

& WBG Chief Administrative Officer

Bernard LauwersVice President & WBG Controller

WBG Finance & Accounting

Denis RobitailleVice President &

WBG CIO

WBG Information and Technology Solutions

Annual Remuneration Disclosure Notice

Background Effective as of fiscal 2007, the World Bank Group decided to disclose the remuneration of Executive Management, Executive Directors, and staff in the annual report. The Annual Remuneration Disclosure Notice contains the actual net salaries, annual World Bank Group contribution to the pension plan, and World Bank Group contribution to benefits for the President, Executive Directors, Alternate Executive Directors, and staff at Managing Director–level GK. The Annual Remuneration Disclosure Notice 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 Performance; and Legal Institutional Administration. The Annual Remuneration Disclosure Notice does not follow the exact Executive Compensation Disclosure requirements in U.S. Securities and Exchange Commission (SEC) Regulations S-K, but is designed to provide a reasonable voluntary disclosure of World 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 2017 the following assumptions were used to determine the annual World 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, 2017.

2. Annual World Bank Group Contribution to the Pension Plan: This represents the Bank Group’s estimated contribution to the pension plan calculated as a percentage of salaries, as approved by the Pension Finance Committee. For fiscal 2017 the overall Staff Retirement Plan (SRP) contribution rate is 29.99 percent as provided by Treasury. The World Bank Group pension contribution increased from 29.87 percent in fiscal 2016 to 29.99 percent in fiscal 2017. SRP contribution rates are determined using an adjusted value of pension plan assets based on an averaging methodology.1

3. The estimated contribution split between gross and net plan participants is 29.53 percent for gross plan and 33.01 percent for net plan as estimated by the Bank Group’s Principal Actuary.

4. Thus, for Executive Management in the gross plan (Philippe H. Le Houerou, Roland K. Peters), the fiscal 2017 pension contribution is estimated at 29.53 percent. For the rest of management, who are in the net plan, the pension contribution is estimated at 33.01 percent.

The Annual World Bank Group Contribution to Other Benefits: This is an estimate of the Bank Group’s contribution to benefits (excluding pension, tax allowances of 11.13 percent, and separation grant of 1.33 percent for those not eligible). The historical average benefits, excluding pension, is 36.61 percent of salary.

Next Steps The enclosed annual disclosure report will be published as part of the World Bank Annual Report and posted on the accompanying website.

1 The Pension Finance Committee 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 World Bank Group 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.

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 World 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 2.5 percent for fiscal 2017, effective July 1, 2016, for Washington-based staff.

The annual salaries (net of taxes) of executive management of the World Bank Group (WBG) were as follows as of June 30, 2017: Executive Management: Annual Salaries (Net of Taxes, US$)

Name and position Annual net

salarya

Annual WBG contribution to pension planb

Annual WBG contribution to other benefitsc

Jim Yong Kim, President d 500,600 165,248 210,471

Sri Mulyani Indrawati, Managing Director and Chief Operating Officer e 416,500 137,487 100,565

Bertrand Badre, Special Adviser, EXC f 416,500 137,487 100,565

Philippe H. Le Houerou, Chief Executive Officer IFC 411,000 121,368 g 181,437

Kristalina I. Georgieva, Chief Executive Officer IBRD/IDA h 410,000 - g 180,995

Anne-Marie Leroy, Senior Vice President and General Counsel i 402,110 132,737 97,090

Kaushik Basu, Sr Vice President & Chief Economist j 400,530 132,215 96,709

Keiko Honda, Executive Vice President and Chief Executive Officer MIGA 400,360 132,159 96,668

Joaquim Vieira Ferreira Levy, Managing Director and WBG Chief Financial Officer 400,000 132,040 96,581

Mahmoud Mohieldin, Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships 399,800 131,974 96,532

Roland K. Peters, Senior Vice President, Operations k 393,160 116,100 100,170

Caroline Heider, Director General 393,010 129,733 g 94,893 Shaolin Yang, Managing Director and WBG Chief Administrative Officer 390,000 128,739 94,166

Paul M. Romer, Sr Vice President & Chief Economist l 390,000 128,739 94,166

Sandra Ngozi Okoro Hopkins, Senior Vice President and General Counsel m 375,000 123,788 90,544

Executive Directors n 256,770 n.a. n.a. Alternate Executive Directors n 222,120 n.a. n.a.

a. The salaries are set on a net-of-tax basis as WBG staff, other than U.S. citizens, are usually not required to pay income taxes on their WBG compensation.

b. Approximate annualized WBG contribution made to the Staff Retirement Plan and deferred compensation plans from July 1, 2016 through June 30, 2017.

c. Other benefits include annual leave; medical, life, and disability insurance; accrued termination benefits; and other nonsalary benefits. Other benefits exclude tax allowances.

d. Dr. Kim's WBG contribution to other benefits includes a supplemental allowance of $89,600 to cover expenses. As a U.S. citizen, Dr. Kim's salary is taxable and he receives a tax allowance to cover the estimated taxes on his salary and benefits. In addition to his pension, Dr. Kim receives a supplemental retirement benefit equal to 5 percent of annual salary.

e. Ms. Indrawati retired from her position as Managing Director and Chief Operating Officer effective July 27, 2016. Her actual salary for the period July 1, 2016, to July 27, 2016 was $30,370. The WBG contributed approximately $10,025 to her pension and $7,333 to other benefit over the fiscal year.

f. Mr. Badre retired from his position as Special Adviser, Office of the President, effective September 8, 2016. His actual salary for the period of July 1, 2016, to September 8, 2016 was $78,672. The WBG contributed approximately $25,970 to his pension and $18,996 to other benefit over the fiscal year.

g. Pension benefits for these staff members are based on Staff Retirement Plan (SRP) provisions in effect prior to April 15, 1998. h. Ms. Georgieva’s appointment to Chief Executive Officer of IBRD/IDA was effective January 3, 2017. Her actual net of tax salary for January

3, 2017, through June 30, 2017 was $202,722. The WBG contributed $48,948 to other benefits over the fiscal year. Ms. Georgieva is a

former Gross Plan retiree and she is not eligible to participate in the staff retirement plan. Ms. Georgieva received a scarce skills premium in the amount of $40,544 for the period of January 3, 2017, through June 30, 2017.

i. Ms. Leroy retired from her position as Senior Vice President and General Counsel effective January 1, 2017. Her actual salary for the period July 1, 2016, to January 1, 2017 was $201,055. The WBG contributed approximately $66,368 to her pension and $48,545 to other benefit over the fiscal year.

j. Mr. Basu retired from his position as Senior Vice President and Chief Economist effective October 1, 2016. His actual salary for the period July 1, 2016, through October 1, 2016 was $100,133. The WBG contributed approximately $33,054 and $24,177 to other benefit over the fiscal year.

k. Mr. Peters retired from his position as Senior Vice President of Operations effective June 1, 2017. His actual salary for the period July 1, 2016, through June 1, 2017 was $360,397. The WBG contributed approximately $106,425 to his pension and $91,822 to other benefit over the fiscal year.

l. Mr. Romer’s appointment to Senior Vice President and Chief Economist was effective September 26, 2016. His actual net of tax salary for September 26, 2016, through June 30, 2017 was $297,917. The WBG contributed $98,342 to his pension and $71,932 to other benefit over the fiscal year.

m. Ms. Okoro joined as Senior Vice President and General Counsel effective February 1, 2017. Her actual salary for the period of February 1, 2017, through June 30, 2017 was $142,708. The WBG contributed $47,108 to her pension and $34,457 to other benefit over the fiscal year. Ms. Okoro is entitled to a recruitment bonus in the amount of $93,750, of which $62,500 was paid in this fiscal year.

n. These figures do not apply to the U.S. Executive Director and Alternate Executive Director, who are subject to U.S. congressional salary caps.

As of June 30, 2017, the salary structure (net of tax) and annual average net salaries/benefits for World Bank Group staff were as follows:

Staff Salary Structure (Washington, DC)

Grades Representative job titles Minimum

(US$)

Market reference

(US$) Maximum

(US$)

Staff at grade

level (%)

Average salary/grade

(US$)

Average benefita

(US$)

GA Office Assistant 26,300 37,600 48,900 0.03 38,000 21,078

GB Team Assistant, Information Technician 32,200 46,000 59,800 0.31 45,738 25,370

GC Program Assistant, Information Assistant 39,300 56,100 72,900 8.03 58,206 32,286

GD Senior Program Assistant, Information Specialist, Budget Assistant 46,500 66,400 86,300 7.06 71,825 39,840

GE Analyst 63,000 90,000 117,000 12.19 82,566 45,798

GF Professional 83,200 118,900 154,600 23.19 108,117 59,971

GG Senior Professional 110,700 158,200 205,700 30.59 149,923 83,160

GH Manager, Lead Professional 151,200 216,000 280,800 15.89 212,482 117,860

GI Director, Senior Advisor 229,900 287,400 344,900 2.17 281,686 156,246

GJ Vice President 276,900 325,800 374,700 0.42 349,688 193,965

GK Managing Director, Executive Vice President 307,900 362,200 416,500 0.10 396,574 286,607

Note: Because WBG staff, other than U.S. citizens, usually are not required to pay income taxes on their WBG 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 WBG salaries are derived. Only a relative 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 non-salary benefits. Excludes tax allowances.

Offices of the World Bank

_________________________________________ 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 20, 2017.

Washington, DC 1818 H Street NW Washington, DC 20433, USA Tel: (202) 473-1000 Web: http://www.worldbank.org New York Mr. Bjorn Erik Gillsater 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. Mario Sander The World Bank 66 avenue d’Iéna 75116 Paris, France Tel: (33-1) 40 69 30 21 E-mail: [email protected] Web: http://www.worldbank.org/europe Berlin Mr. Rainer Venghaus The World Bank Reichpietschufer 20 10785 Berlin, Germany Tel: +49 (0)30 72614 250 E-mail: [email protected] Web: http://www.worldbank.org/en/country/germany 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 Mr. Jos Verbeek 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: www.worldbank.org/unitedkingdom Rome The World Bank Via Labicana 110 00184 Rome, Italy Tel: (39-06) 77 71 01 Fax: (39-06) 70 96 046 Web: http://www.worldbank.org/europe

Tokyo Mr. Masato Miyazaki Special Representative, Japan The World Bank Group 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/en/country/japan * Afghanistan Mr. Shubham Chaudhuri The World Bank Group Street No. 15, House No. 19 Wazir Akbar Khan Kabul, Afghanistan Tel: 93-70-113-3397 E-mail: [email protected] Web: http://www.worldbank.org/af Albania Ms. Maryam Salim 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. Demba Ba The World Bank Group 07, Chemin Macklay Ben Aknoun Algiers, Algeria 16306 Tel: (213) 21 79 51 53 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, 29th Floor C1106ABG Buenos Aires, Argentina Tel: (54-11) 4316-9700 / 4316-0600 Fax: (54-11) 4313-1233 E-mail: [email protected] Web: http://bancomundial.org.arArmenia Ms. Sylvie Bossoutrot 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. Michel Kerf Country Director - Papua New Guinea & Pacific Islands The World Bank Group Level 19, 14 Martin Place Sydney NSW 2000, Australia Tel: (61-2) 9235-6412 Fax: (61-2) 9235-6593 E-mail: [email protected] Web: http://www.worldbank.org/pi * Austria Ms. Linda Van Gelder 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/en/region/eca/brief/world-bank-group-in-vienna Azerbaijan 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 Web: http://www.worldbank.org/az * Bangladesh Mr. Qimiao Fan 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. Alexander Kremer The World Bank 6 Rumyantseva Street Minsk, 220034, 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. Arup Banerji (ECCU5) 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/eu

http://isearch.worldbank.org/skillfinder/ppl_profile_new/000229609

mailto:[email protected]




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 / 21 30 58 97 Fax: (229) 21 30 17 44 E-mail: [email protected] Web: http://www.worldbank.org/bj Bhutan Mr. Yoichiro Ishihara 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. Xavier Furtado 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 Mr. Martin Raiser 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 Mr. Cheick Fantamady Kante The World Bank Group 179, Avenue du Président Saye Zerbo Zone de Ambassades, Koulouba Ouagadougou 01, Burkina Faso (postal address: BP 622) Tel: (226) 25 49 6300 Fax: (226) 25 49 6364 E-mail: [email protected] Web: http://www.worldbank.org/bf Burundi Mr. Nestor Coffi Banque Mondiale 03, Avenue de l’Aviation, Rohero 1 Bujumbura, Burundi (postal address: B.P. 2637) Tel: (257) 2220 6200, 2220 6221 Fax: (257) 2222 6005 E-mail: [email protected] Web: http://www.worldbank.org/bi Cambodia Ms. Inguna Dobraja 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. Robert Bou Jaoude 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. François Nankobogo The World Bank Group Intersection de la rue Hamit Hangata & Avenue Idriss Miskine N'Djamena, Chad (postal address: B.P. 146) Tel: (235) 2252-3247, 2252-3360 Fax: (235) 2252-4484 E-mail: [email protected] Web: http://www.worldbank.org/td

Chile Mr. Gaston Mariano Blanco 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 * Côte d’Ivoire Mr. Pierre Frank Laporte 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 Ms. Elisabetta Capannelli 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.org/hr






http://www.worldbank.org/cg



Dominican Republic Mr. Alessandro Legrottaglie The World Bank Group Av. Lope de Vega No. 29 Torre Novocentro, Piso 10 Ensanche Naco Santo Domingo, R.D. Tel: (809) 872-7300 Fax: (809) 872-7307 E-mail: [email protected] Web: http://www.worldbank.org/en/country/dominicanrepublic Djibouti, Republic of Mr. Atou Seck 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 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 Ms. Carolyn Turk The World Bank Group Africa Avenue (Bole Road) 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 E-mail: [email protected] Web: http://www.worldbank.org/et

Fiji Mr. Siosaia T. Faletau The World Bank Group Level 4, Ra Marama Building 91 Gordon Street Suva, Fiji Tel: (679) 322-8900 Fax:(679) 331-8074 E-mail: [email protected] Web: http://www.worldbank.org/pi 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 (Currently vacant) Banque Mondiale Immeuble Libreville Business Square (ex GML) P.O. Box 4027 Libreville, Gabon Tel: (241) 01 79 49 00 / 01 74 36 05 E-mail: (vacant) Web: http://www.worldbank.org/ga Gambia, The The World Bank, Liaison Office UN House, 5 Kofi Annan Street Cape Point, Bakau Kanifing Municipal Council (KMC) The Gambia Tel: (220) 449 – 8089 / 449 – 8090 Fax: (220) 4497936 Web: http://www.worldbank.org/en/country/gambia * Georgia Ms. Mercy Miyang Tembon The World Bank Group 5A, (WB) / 5B, (IFC) Nino Ramishvili Street Tbilisi, 0179 Georgia Tel: (995-32) 291 3096 Fax: (995-32) 291 3478 E-mail: [email protected] Web: http://www.worldbank.org/ge * Ghana Mr. Henri G.R. Kerali The World Bank Group Independence Avenue King Hassan Road, Plot # 3, Ridge Accra, Ghana (postal address: P.O. Box M. 27) Tel: (233-302) 229681 / 220837 / 214100 Fax: (233-302) 227887 E-mail: [email protected] Web: http://www.worldbank.org/gh Guatemala Ms. Homa-Zahra Fotouhi 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. Rachidi B. Radji 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 E-mail: [email protected] Web: http://www.worldbank.org/gn Guinea-Bissau Ms. Kristina Svensson The World Bank Group Rua Rui Djassi, Prédio das Naçoes Unidas Escrítório do Banco Mundial Bissau, Guinea-Bissau Tel: (245) 95 5651448 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. Anabela Abreu 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 * India Mr. Junaid Kamal Ahmad 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) 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

http://www.worldbank.org/en/country/dominicanrepublic

http://www.worldbank.org/en/country/dominicanrepublic




http://www.worldbank.org/ga

http://www.worldbank.org/en/country/gambia


http://www.worldbank.org/en/country/guineabissau

http://www.worldbank.org/en/country/guineabissau



* 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. Saroj Kumar Jha 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. Galina Y. Sotirova 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 Ms. Lilia Burunciuc The World Bank Group Central Asia Regional Office 41/A Kazybek bi Street, 4th Floor 050010 Almaty, Republic of Kazakhstan Tel: (7-727) 377 - 8222 Fax: (7-727) 377 - 8276 E-mail: [email protected] Kazakhstan, Astana Mr. Francis Ato Brown The World Bank Astana Office 12 Samal Microdistrict, 14th Floor 010000 Astana, Republic of Kazakhstan Tel: (7-7172) 691-451 Fax: (7-7172) 580 –342 E-mail: [email protected] * Kenya Ms. Diarietou Gaye The World Bank Delta Center Menengai Road, Upper Hill Nairobi, Kenya (postal address: P.O. Box 30577-00100) Tel: (254-20) 293 6000 / 293 6442 Fax: (254-20) 293 6380 / 2 E-mail: [email protected] Web: http://www.worldbank.org/ke Kiribati Ms. Akka Rimon The World Bank - ADB Liaison Office c/- KAP Office Bairiki, Tarawa, Kiribati (postal address: P.O. Box 13) Tel: (686) 22040 / 22041 Email : [email protected] Web: http://www.worldbank.org/pi

Korea Mr. Darren Dorkin (Acting) 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. Marco Mantovanelli The World Bank Rruga Prishtinë-Fushë Kosovë 10060 Pristina, Republic of Kosovo Tel. +381-38-224-454-1100 Fax. +381-38-224-454-1334 E-mail: [email protected] Web: http://www.worldbank.org/kosovo Kuwait Mr. Firas Raad The World Bank Group Al Shuhada Street. Al Hamra Business TowerFloor 32. Kuwait City, Kuwait (postal address: P.O. Box 1015, Safat: 13010) Tel: (965) 2205 9130 Fax: (965) 2205 9191 E-mail: [email protected] Web: http://www.worldbank.org/mna Kyrgyz Republic Ms. Bolormaa Amgaabazar 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 Mr. Jean-Christophe Carret The World Bank Xieng Ngeun Village, Chao Fa Ngum Road Vientiane, Lao PDR Tel: (856-21) 266200 Fax: (856-21) 266299 E-mail: [email protected] Web: http://www.worldbank.org/lao * Lebanon Mr. Saroj Kumar Jha The World Bank Group Bourie House 119 Abdallah Bayhum Street Marffaa, Solidere P.O. Box 11-8577 Beirut, Lebanon Tel: (961-1) 962 900 E-mail: [email protected] Web: http://www.worldbank.org/lb Lesotho Ms. Janet K. Entwistle 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 E-mail: [email protected] Web: http://www.worldbank.org/ls

Liberia Ms. Larisa Leshchenko 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 Marco Mantovanelli The World Bank 34 Aminta Treti Street 1000 Skopje, FYR Macedonia Tel: (389-2) 5515 230; 3117-159 Fax:(389-2) 5515 240 Email: [email protected] 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. Greg Toulmin 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 Malaysia Mr. Faris H. Hadad-Zervos The World Bank Group Knowledge and Research Hub Level 3, Sasana Kijang, No. 2 Jalan Dato Onn 50480 Kuala Lumpur, Malaysia Tel: (603) 2263-4901 Fax: (603) 2263-4949 Email: [email protected] Website: www.worldbank.org/malaysia Maldives Ms. Idah Pswarayi-Riddihough (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 Ms. Soukeyna Kane Banque mondiale Immeuble Waly Diawara, Hamdallaye ACI – 2000 Avenue du Mali Bamako, Mali (postal address: B. P. 1864) Tel: (223) 20 70 22 00 E-mail: [email protected] Web: http://www.worldbank.org/en/country/mali




http://www.worldbank.org/lr


http://www.worldbank.org/malaysia


http://www.worldbank.org/maldives



Mauritania Mr. Laurent Msellati Banque Mondiale Villa No. 30, Lot A, Quartier Socogim, Boite Postale 667 Nouakchott, Mauritanie Tel: (222) 45-24-11-01 Fax: (222) 25-13-34 E-mail: [email protected] Web: http://www.worldbank.org/mauritania Mauritius Mr. Alexis Sienaert 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 Ms. Anna Akhalkatsi The World Bank 20/1, Pushkin St. MD-2012 Chisinau, Republic of Moldova Tel: (373-22) 262 245 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 Ms. Ellen Goldstein 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/en/country/niger * Nigeria Mr. Rachid Benmessaoud 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) 314-526 E-mail: [email protected] Web: http://www.worldbank.org/ng

* Pakistan Mr. Patchamuthu Illangovan 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. Yaye Seynabou Sakho 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. Patricia Veevers-Carter 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 Paraguay Ms. Celia Ortega Sotes 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 Ms. Mara K. Warwick 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



http://www.worldbank.org/mn

http://www.worldbank.org/ma





Poland Mr. Carlos Piñerúa 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. Tatiana Proskuryakova 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/romania * Russian Federation Mr. Andras Horvai 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 Mr. Yasser Aabdel-Aleem Awny El-Gammal 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 Liaison Office Level 7, 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 Bureau de la Banque mondiale Corniche Ouest X Rue Leon Gontran Damas BP 3296 Dakar, Senegal Tel: (221) 33-859-4100 Fax: (221) 33-859-4283 E-mail: [email protected] Web: http://www.worldbank.org/senegal

Serbia, Republic of Mr. Stephen Ndegwa 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. Parminder P. S. Brar The World Bank Group 17 Spur Road 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 Ms. Fatouma Toure Ibrahima Wane (Acting) 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 Mr. Guido Rurangwa 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 Somalia Mr. Hugh Riddell World Bank Liaison Office c/o The World Bank Group Delta Center, Menengai Road, Upper Hill Nairobi, Kenya (Postal Address: P.O. Box 30577-00100) Tel: (254-20) 293-6061 Fax: (254-20) 322 6382 * South Africa, Pretoria Mr. Paul Noumba Um 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. Sahr John Kpundeh The World Bank Group Ministries Complex CPA Road, Adjacent to Ministry of Health Juba, South Sudan Tel: (+211)922206642/43/44 E-mail: [email protected] Web:http://www.worldbank.org/en/country/southsudan

* Sri Lanka Ms. Idah Pswarayi-Riddihough 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. Adama Coulibaly 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] Web: http://www.worldbank.org/sd Tajikistan Mr. Jan-Peter Olters The World Bank Group 48, Ayni Str. Business Center "Sozidanie", block A, 3rd 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/tajikistan * 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: www.worldbank.org/tanzania * 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 Mr. Macmillan Ikemefule Anyanwu 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 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 67 00 E-mail: [email protected] Web: http://www.worldbank.org/tg

http://isearch.worldbank.org/skillfinder/ppl_profile_new/000149033




Tonga Mr. Tatafu Moeaki The World Bank – ADB Liaison Office Lvl 1 Royco Building Fatafehi RoadNuku'alofa, Tonga (postal address: P.O. Box 87) Tel: (676) 28 290 Fax: (676) 28 735 Email : [email protected] Web: http://www.worldbank.org/pi Tunisia Mr. Antonius Verheijen 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. Johannes C.M. Zutt 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. Jan-Peter Olters 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/uganda * Ukraine Ms. Satu Kristiina J. Kahkonen The World Bank 1, Dniprovsky Uzviz Kyiv 01010, Ukraine Tel: (380-44) 490 6671 Fax: (380-44) 490 6670 E-mail: [email protected] Web: http://www.worldbank.org/ua Uruguay Ms. Matilde Bordon 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. Hideki Mori 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 Ms. Leisande Otto 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 E-mail: [email protected] Web: http://www.worldbank.org/pi * Vietnam Mr. Ousmane Dione 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/vietnam * West Bank and Gaza Ms. Marina Wes 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 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 Ms. Rosemary Mukami Kariuki 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://isearch.worldbank.org/skillfinder/ppl_profile_new/000020393?fm=ppl


http://www.worldbank.org/ua



International Bank for Reconstruction and Development Membership | June 30, 2017

Member Date of membership

Afghanistan July 14, 1955 Albania October 15, 1991 Algeria September 26, 1963 Angola September 19, 1989 Antigua and Barbuda September 22, 1983 Argentina September 20, 1956 Armenia September 16, 1992 Australia August 5, 1947 Austria August 27, 1948 Azerbaijan September 18, 1992 Bahamas, The August 21, 1973 Bahrain September 15, 1972 Bangladesh August 17, 1972 Barbados September 12, 1974 Belarus July 10, 1992 Belgium December 27, 1945 Belize March 19, 1982 Benin July 10, 1963 Bhutan September 28, 1981 Bolivia December 27, 1945 Bosnia and Herzegovina February 25, 1993 Botswana July 24, 1968 Brazil January 14, 1946 Brunei Darussalam October 10, 1995 Bulgaria September 25, 1990 Burkina Faso May 2, 1963 Burundi September 28, 1963 Cabo Verde November 20, 1978 Cambodia July 22, 1970 Cameroon July 10, 1963 Canada December 27, 1945 Central African Republic July 10, 1963 Chad July 10, 1963 Chile December 31, 1945 China December 27, 1945 Colombia December 24, 1946 Comoros October 28, 1976 Congo, Dem. Rep. September 28, 1963 Congo, Rep. July 10, 1963


Costa Rica January 8, 1946 Côte d'Ivoire March 11, 1963 Croatia February 25, 1993 Cyprus December 21, 1961 Czech Republic January 1, 1993 Denmark March 30, 1946 Djibouti October 1, 1980 Dominica September 29, 1980 Dominican Republic September 18, 1961 Ecuador December 28, 1945 Egypt, Arab Rep. December 27, 1945 El Salvador March 14, 1946 Equatorial Guinea July 1, 1970 Eritrea July 6, 1994 Estonia June 23, 1992 Ethiopia December 27, 1945 Fiji May 28, 1971 Finland January 14, 1948 France December 27, 1945 Gabon September 10, 1963 Gambia, The October 18, 1967 Georgia August 7, 1992 Germany August 14, 1952 Ghana September 20, 1957 Greece December 27, 1945 Grenada August 27, 1975 Guatemala December 28, 1945 Guinea September 28, 1963 Guinea-Bissau March 24, 1977 Guyana September 26, 1966 Haiti September 8, 1953 Honduras December 27, 1945 Hungary July 7, 1982 Iceland December 27, 1945 India December 27, 1945 Indonesia April 13, 1967 Iran, Islamic Rep. December 29, 1945 Iraq December 27, 1945 Ireland August 8, 1957 Israel July 12, 1954 Italy March 27, 1947


Jamaica February 21, 1963 Japan August 13, 1952 Jordan August 29, 1952 Kazakhstan July 23, 1992 Kenya February 3, 1964 Kiribati September 29, 1986 Korea, Rep. August 26, 1955 Kosovo June 29, 2009 Kuwait September 13, 1962 Kyrgyz Republic September 18, 1992 Lao PDR July 5, 1961 Latvia August 11, 1992 Lebanon April 14, 1947 Lesotho July 25, 1968 Liberia March 28, 1962 Libya September 17, 1958 Lithuania July 6, 1992 Luxembourg December 27, 1945 Macedonia, FYR February 25, 1993 Madagascar September 25, 1963 Malawi July 19, 1965 Malaysia March 7, 1958 Maldives January 13, 1978 Mali September 27, 1963 Malta September 26, 1983 Marshall Islands May 21, 1992 Mauritania September 10, 1963 Mauritius September 23, 1968 Mexico December 31, 1945 Micronesia, Fed. Sts. June 24, 1993 Moldova August 12, 1992 Mongolia February 14, 1991 Montenegro January 18, 2007 Morocco April 25, 1958 Mozambique September 24, 1984 Myanmar January 3, 1952 Namibia September 25, 1990 Nauru April 12, 2016 Nepal September 6, 1961 Netherlands December 27, 1945 New Zealand August 31, 1961


Nicaragua March 14, 1946 Niger April 24, 1963 Nigeria March 30, 1961 Norway December 27, 1945 Oman December 23, 1971 Pakistan July 11, 1950 Palau December 16, 1997 Panama March 14, 1946 Papua New Guinea October 9, 1975 Paraguay December 28, 1945 Peru December 31, 1945 Philippines December 27, 1945 Poland June 27, 1986 Portugal March 29, 1961 Qatar September 25, 1972 Romania December 15, 1972 Russian Federation June 16, 1992 Rwanda September 30, 1963 Samoa June 28, 1974 San Marino September 21, 2000 São Tomé and Príncipe September 30, 1977 Saudi Arabia August 26, 1957 Senegal August 31, 1962 Serbia February 25, 1993 Seychelles September 29, 1980 Sierra Leone September 10, 1962 Singapore August 3, 1966 Slovak Republic January 1, 1993 Slovenia February 25, 1993 Solomon Islands September 22, 1978 Somalia August 31, 1962 South Africa December 27, 1945 South Sudan April 18, 2012 Spain September 15, 1958 Sri Lanka August 29, 1950 St. Kitts and Nevis August 15, 1984 St. Lucia June 27, 1980 St. Vincent and the Grenadines August 31, 1982 Sudan September 5, 1957 Suriname June 27, 1978 Swaziland September 22, 1969


Sweden August 31, 1951 Switzerland May 29, 1992 Syrian Arab Republic November 2, 1961 Tajikistan June 4, 1993 Tanzania September 10, 1962 Thailand May 3, 1949 Timor-Leste July 23, 2002 Togo August 1, 1962 Tonga September 13, 1985 Trinidad and Tobago September 16, 1963 Tunisia April 14, 1958 Turkey March 11, 1947 Turkmenistan September 22, 1992 Tuvalu June 24, 2010 Uganda September 27, 1963 Ukraine September 3, 1992 United Arab Emirates September 22, 1972 United Kingdom December 27, 1945 United States December 27, 1945 Uruguay March 11, 1946 Uzbekistan September 21, 1992 Vanuatu September 28, 1981 Venezuela, RB December 30, 1946 Vietnam September 21, 1956 Yemen, Rep. October 3, 1969 Zambia September 23, 1965 Zimbabwe September 29, 1980 Total members: 189

International Development Association Membership | June 30, 2017


Afghanistan February 2, 1961 Albania October 15, 1991 Algeria September 26, 1963 Angola September 19, 1989 Argentina August 3, 1962 Armenia August 25, 1993 Australia September 24, 1960 Austria June 28, 1961 Azerbaijan March 31, 1995 Bahamas, The June 23, 2008 Bangladesh August 17, 1972 Barbados September 29, 1999 Belgium July 2, 1964 Belize March 19, 1982 Benin September 16, 1963 Bhutan September 28, 1981 Bolivia June 21, 1961 Bosnia and Herzegovina February 25, 1993 Botswana July 24, 1968 Brazil March 15, 1963 Burkina Faso May 13, 1963 Burundi September 28, 1963 Cabo Verde November 20, 1978 Cambodia July 22, 1970 Cameroon April 10, 1964 Canada September 24, 1960 Central African Republic August 27, 1963 Chad November 7, 1963 Chile December 30, 1960 China September 24, 1960 Colombia June 16, 1961 Comoros December 9, 1977 Congo, Dem. Rep. September 28, 1963 Congo, Rep. November 8, 1963 Costa Rica June 30, 1961 Côte d'Ivoire March 11, 1963 Croatia February 25, 1993 Cyprus March 2, 1962 Czech Republic January 1, 1993


Denmark November 30, 1960 Djibouti October 2, 1980 Dominica September 29, 1980 Dominican Republic November 16, 1962 Ecuador November 7, 1961 Egypt, Arab Rep. October 26, 1960 El Salvador April 23, 1962 Equatorial Guinea April 5, 1972 Eritrea July 6, 1994 Estonia October 11, 2008 Ethiopia April 11, 1961 Fiji September 29, 1972 Finland December 29, 1960 France December 30, 1960 Gabon November 4, 1963 Gambia, The October 18, 1967 Georgia August 31, 1993 Germany September 24, 1960 Ghana December 29, 1960 Greece January 9, 1962 Grenada August 28, 1975 Guatemala April 27, 1961 Guinea September 26, 1969 Guinea-Bissau March 25, 1977 Guyana January 4, 1967 Haiti June 13, 1961 Honduras December 23, 1960 Hungary April 29, 1985 Iceland May 19, 1961 India September 24, 1960 Indonesia August 20, 1968 Iran, Islamic Rep. October 10, 1960 Iraq December 29, 1960 Ireland December 22, 1960 Israel December 22, 1960 Italy September 24, 1960 Japan December 27, 1960 Jordan October 4, 1960 Kazakhstan July 23, 1992 Kenya February 3, 1964 Kiribati October 2, 1986


Korea, Rep. May 18, 1961 Kosovo June 29, 2009 Kuwait September 13, 1962 Kyrgyz Republic September 24, 1992 Lao PDR October 28, 1963 Latvia August 11, 1992 Lebanon April 10, 1962 Lesotho September 19, 1968 Liberia March 28, 1962 Libya August 1, 1961 Lithuania September 23, 2011 Luxembourg June 4, 1964 Macedonia, FYR February 25, 1993 Madagascar September 25, 1963 Malawi July 19, 1965 Malaysia September 24, 1960 Maldives January 13, 1978 Mali September 27, 1963 Marshall Islands January 19, 1993 Mauritania September 10, 1963 Mauritius September 23, 1968 Mexico April 24, 1961 Micronesia, Fed. Sts. June 24, 1993 Moldova June 14, 1994 Mongolia February 14, 1991 Montenegro January 18, 2007 Morocco December 29, 1960 Mozambique September 24, 1984 Myanmar November 5, 1962 Nepal March 6, 1963 Netherlands June 30, 1961 New Zealand October 1, 1974 Nicaragua December 30, 1960 Niger April 24, 1963 Nigeria November 14, 1961 Norway September 24, 1960 Oman February 20, 1973 Pakistan September 24, 1960 Palau December 16, 1997 Panama September 1, 1961 Papua New Guinea October 9, 1975


Paraguay February 10, 1961 Peru August 30, 1961 Philippines October 28, 1960 Poland June 28, 1988 Portugal December 29, 1992 Romania April 12, 2014 Russian Federation June 16, 1992 Rwanda September 30, 1963 Samoa June 28, 1974 São Tomé and Príncipe September 30, 1977 Saudi Arabia December 30, 1960 Senegal August 31, 1962 Serbia February 25, 1993 Sierra Leone November 13, 1962 Singapore September 27, 2002 Slovak Republic January 1, 1993 Slovenia February 25, 1993 Solomon Islands July 21, 1980 Somalia August 31, 1962 South Africa October 12, 1960 South Sudan April 18, 2012 Spain October 18, 1960 Sri Lanka June 27, 1961 St. Kitts and Nevis October 23, 1987 St. Lucia April 28, 1982 St. Vincent and the Grenadines August 31, 1982 Sudan September 24, 1960 Swaziland September 22, 1969 Sweden September 24, 1960 Switzerland May 29, 1992 Syrian Arab Republic June 28, 1962 Tajikistan June 4, 1993 Tanzania November 6, 1962 Thailand September 24, 1960 Timor-Leste July 23, 2002 Togo August 21, 1962 Tonga October 23, 1985 Trinidad and Tobago October 30, 1972 Tunisia December 30, 1960 Turkey December 22, 1960 Tuvalu June 24, 2010


Uganda September 27, 1963 Ukraine May 27, 2004 United Arab Emirates December 23, 1981 United Kingdom September 24, 1960 United States September 24, 1960 Uzbekistan September 24, 1992 Vanuatu September 28, 1981 Vietnam September 24, 1960 Yemen, Rep. May 22, 1970 Zambia September 23, 1965 Zimbabwe September 29, 1980 Total members: 173

Country Eligibility for Borrowing from the World Bank | June 30, 2017 U.S. dollars

A. IBRD onlya Category iv (per capita income over $7,025) Trinidad and Tobago 18,600 Mexico 9,710 Uruguay 15,720 Mauritius 9,610 St. Kitts and Nevis 15,550 Romania 9,500 Seychelles 14,760 Suriname 9,300 Chile 14,060 Gabon 9,210 Antigua and Barbuda 13,390 Lebanonb 7,930 Poland 13,370 China 7,820 Croatia 12,690 Equatorial Guinea 7,790 Palau 12,180 Turkmenistan 7,510 Panama 12,050 Montenegro 7,240 Kazakhstan 11,580 Bulgaria 7,220 Russian Federationc 11,400 Colombia 7,130 Malaysia 15,570 Argentinad n.a. Costa Rica 10,210 Venezuela, RB n.a. Turkey 9,950 Nauru n.a. Brazil 9,850 Category iii ($1,1855–$7,025) Azerbaijan 6,560 Belize 4,420 Botswana 6,510 Albania 4,290 Belarus 6,460 Paraguay 4,220 Peru 6,200 Angola 4,180 Dominican Republic 6,130 Georgia 4,160 South Africa 6,050 Tunisia 3,970 Libya 6,030 El Salvador 3,940 Ecuador 6,010 Armenia 3,880 Thailand 5,620 Guatemala 3,590 Iraqb 5,550 Philippines 3,540 Serbia 5,500 Indonesia 3,440 Namibia 5,210 Egypt, Arab Rep. 3,340 Macedonia, FYR 5,140 Swaziland 3,230 Jamaica 5,010 Morocco 3,030 Algeria 4,870 Ukrainec 2,620 Fiji 4,800 Indiae 1,590 Bosnia and Herzegovina 4,680 Iran, Islamic Rep. n.a. Jordanb 4,680

B. Blendf

Category iv (per capita income over $7,025) Grenadag 8,430 St. Luciag 7,390

Category iii ($1,185–$7,025) Dominicag 6,760 Moldova 2,220 St. Vincent and the Grenadinesg 6,660 Uzbekistan 2,150 Mongolia 3,830 Vietnam 1,980 Sri Lanka 3,800 Timor-Leste 1,920 Cabo Verdeg 3,290 Pakistan 1,440 Bolivia 3,080 Cameroon 1,330 Nigeria 2,820 Papua New Guinea n.a. Congo, Rep. 2,540 Category i ($1,025 or less) Zimbabweh 850 C. IDAf Category iii ($1,185–$7,025)

Maldivesg 6,670 Tajikistan 1,240 Guyana 4,090 Bangladesh 1,190 Kosovo 3,950 Djibouti n.a.

Samoag 3,930 Lesotho n.a.

Kiribatig 3,230 Marshall Islandsg n.a.

Bhutan 2,370 Mauritania n.a.

Honduras 2,270 Micronesia, Fed. Sts.g n.a.

Nicaragua 1,940 Myanmar n.a.

Solomon Islandsg 1,940 São Tomé and Príncipeg n.a.

Sudanh 1,840 Syrian Arab Republich,b n.a.

Lao PDR 1,730 Tongag n.a.

Zambia 1,490 Tuvalug n.a.

Ghana 1,480 Vanuatug n.a.

Côte d'Ivoire 1,410 Yemen, Rep. n.a.

Kenya 1,340 Category ii ($1,185 or less) Kyrgyz Republic 1,170 Cambodia 1,070

Category i ($1,025 or less) Senegal 1,000 Mozambique 580 Tanzania 910 Togo 540 Chad 880 Guinea 470 Benin 860 Madagascar 420 Haiti 820 Congo, Dem. Rep. 410 Mali 790 Niger 390 South Sudan 790 Liberia 380 Nepal 730 Malawi 350 Rwanda 700 Central African Republic 320 Uganda 670 Burundi 260 Burkina Faso 660 Comoros n.a. Afghanistan 630 Eritreah n.a. Sierra Leone 630 Gambia, The n.a. Ethiopia 590 Somaliah n.a. Guinea-Bissau 590

Note: n.a. = not applicable—estimates are available in ranges only. Changes during previous fiscal year: Solomon Islands has been granted the small island exception, effective in fiscal 2017, as it meets the criteria established by the 1985 decision for granting exceptions to small island countries, which is discussed in Board document IDA/R85-134, Terms of Lending to Small Island Economies Graduating from IDA. Syrian Arab Republic was reclassified from IBRD to IDA-only, effective September 29, 2016.

a. World Bank Atlas methodology; 2015 per capita GNI (gross national income, formerly gross national product [GNP]) figures are in U.S. dollars.

b. From fiscal 2017, refugees are included in population estimates of host countries. 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. Data will be calculated once ongoing revisions to official statistics reported by the National Statistics and Censuses Institute of Argentina have been finalized.

e. During IDA17, India will receive exceptional transitional support from IDA. 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 2017 is a 2015 GNI per capita of US$1,185, 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. h. Loans/credits are in nonaccrual status as of July 1, 2016. General information on countries with loans/credits in nonaccrual

status is available from the Credit Risk Department in Finance Partners.

By organizational unit 2013 2014 2015 2016 2017

Operational units b 1,452.3 1,492.4 1,424.9 1,366.9 1,419.0of which Regional Programs n.a. n.a. 401.9 378.5 390.5

Global Practices and Cross-Cutting Solutions Areas n.a. n.a. 1,023.1 988.4 1,028.5

Institutional services c 421.4 435.9 458.7 466.4 421.4of which Treasury 73.3 75.1 72.5 77.7 73.8

Budget, Performance, and Strategy d19.4 21.1 74.2 75.4 64.1

Development Economics and Chief Economist 61.8 66.1 61.4 60.5 59.4

Operations Policy and Country Services 45.2 42.8 38.3 42.3 56.9

Governance services e 194.4 190.1 181.6 189.1 206.3of which Boards and Corporate Secretariat 96.8 92.7 87.8 91.7 92.6

Administrative services f 414.0 467.8 527.9 520.6 544.2

Centrally-managed accounts and programs g 289.8 300.6 330.9 353.2 345.2

Grant-making facilities 153.1 159.8 109.2 66.4 44.6

Total gross administrative budget 2,925.1 3,046.5 3,033.2 2,962.7 2,980.7Reimbursements, fees, others (430.1) (489.3) (507.2) (492.9) (484.9)

Total administrative budget 2,495.0 2,557.2 2,526.0 2,469.8 2,495.8

f. Includes General Services Department, Human Resources, and Information and Technology Solutions. g. Includes non-unit accounts that are centrally manged. For example, Budget Recoveries; Deprecation; Staff Separation Fund; Centrally-Managed Overhead and Benefits; Institutional Programs; HQ Real Estate; Reimbursables; Corporate Contingency; Expenditure Review–related programs; and Budget Returns.

Note: n.a. = not applicable.

World Bank Expenditures by Organizational Unit l Fiscal 2013–17

e. 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 at the end of fiscal 2017, and will not always match the figures published in the previous reports due to many organizational changes that happened during previous years. Additionally, these figures represent actuals as per Budget Accounting, and may differ from figures presented for Financial Accounting and external reporting purposes due to US GAAP and other financial reporting requirements.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; 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; Treasury; and WBG Finance and Accounting. Budget levels of the top four service units in fiscal 2017 are broken out.d. The Budget, Performance, and Strategy (BPS) unit underwent extensive reorganization in fiscal 2015 when Resource Management staff in units merged with BPS. Fiscal years 2013–14 expenses for BPS are therefore not comparable with other years.

Contributions: Top-10 Trust Fund Donors | Fiscal 2017 millions of dollars

Note: - = not available. Contributions to the International Centre for Settlement of Investment Disputes escrow accounts are excluded. Comparative figures for fiscal 2016 are provided for the top-10 donors for fiscal 2017. Previous-year figures have been reclassified where necessary.

Donor 2017 2016

United Kingdom 2,276 1,122 United States 2,133 3,043 The Asian Infrastructure Investment Bank (AIIB) 1,165 2,000 GFATM Secretariat 970 14 Germany 688 686 Sweden 551 335 European Commission (European Union) 539 371 Japan 470 527 Norway 464 394 France 432 432 Others 2,436 2,561

Total

12,123

11,486

Annual Report 2017

World Bank Lending (Fiscal 2017)

Annual Report 2017

WORLD BANK LENDINGFiscal 2017

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) are the

institutions that make up 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 2017, IBRD, IDA, IFC, and MIGA collectively provided nearly $59 billion in

loans, grants, equity investments, and guarantees to partner countries and

private businesses—including to multiregional and global projects.

World Bank Lending │ Fiscal 20171

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.

Owned by its 189 member countries, the World Bank is a global development

cooperative. It is the largest development bank in the world, and it provides

financing, knowledge, and convening services to help client countries address

their most important development challenges.

The World Bank is solutions-oriented, focused on clients, accountable for quality

results, and dedicated to financial integrity and cost-effectiveness. It 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 │ 189 member countries

Fiscal 2017 commitments

$22.6 billion for

133 approved operations

Cumulative lending (since 1945)

$681.3 billion

The International Development

Association (IDA)

Established 1960 │ 173 member countries

Fiscal 2017 commitments

$19.5 billion for

261 approved operations

Cumulative lending (since 1960)

$345.5 billion

3 World Bank Lending │ Fiscal 2017


IBRD and IDA Board of Executive Directors and Alternatesas of June 30, 2017

Dr. Jim Yong KimPresident of the World Bank Group and Chairman of the Board of Executive Directors

Executive Directors Alternates

Khalid Alkhudairy Turki Dhaifallah AlmutairiJason Allford Hoe Jeong KimSeydou Bouda Jean-Claude TchatchouangOmar Bougara Nasir Mahmood KhosaAndrew Bvumbe Anne KabagambeOtaviano Canuto Diana QuinteroHervé de Villeroché Benoit Paul Eleuthere CatzarasSubhash Garg Muhammad Musharraf Hossain BhuiyanFranciscus Godts Guenther SchoenleitnerWerner Gruber Paulina GomulakAndin Hadiyanto Pornwasa SirinupongsMerza Hasan Ragui El-EtrebyFrank Heemskerk Claudiu DoltuChristine Hogan Peteranne Tamara DonaldsonFernando Jiménez Latorre Rodrigo Carriedo HaroKazuhiko Koguchi Daiho FujiiBongi Kunene Haruna MohammedAndrei Lushin Eugene B. MiagkovKaren Mathiasen (Vacant)Patrizio Pagano Nuno Mota PintoMelanie Robinson Clare RobertsMaximo Torero Daniel PieriniSusan Anette Ulbaek Martin PoderYingming Yang Minwen ZhangJuergen Zattler Claus Michael Happe

Fiscal Year Summary

In fiscal 2017, the World Bank (IBRD/IDA) committed $42.1 billion to partner countries, distributed in credits, loans, grants, and guarantees.


Fiscal Year Summary

In fiscal 2017, IBRD committed $22.6 billion for 133 new operations.

IDA committed $19.5 billion for 261 new operations.


Fiscal Year SummaryIBRD’s commitments of $22.6 billion reflect

the institution’s careful attention to ensure continued strong capital adequacy ratios and prudent financial management into the future while responding to client countries’ most pressing development challenges.


Fiscal Year SummaryIDA commitments of $19.5 billion reflect

strong demand for financing, as well as IDA’s efforts to better leverage resources and expand financing options for borrowing countries. These commitments included $16.2 billion in credits, $3.2 billion in grants, and $50 million in guarantees.


As of fiscal year 2017, new sector and theme categories have replaced the previous taxonomy as part of an internal data modernization effort. The data presented here reflects this new taxonomy.

Theme categories are not mutually exclusive; therefore, shares may sum to more than 100 percent of project financing and cannot be represented as a pie chart.

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:


28%

17%

13%

14%

14%

14%

Share of total lending of $42.1 billion

Africa





South Asia

IBRD and IDA Lending by Region │ Fiscal 2017


5%

19%

20%

24%

22%

10%


Africa





South Asia

IBRD Lending by Region │ Fiscal 2017The largest share of IBRD lending went to Latin America and the Caribbean


55%

14%

4%

3%

5%

20%


Africa





South Asia

IDA Lending by Region │ Fiscal 2017The largest share of IDA lending went to Africa


7%

7%

15%

7%

6%

10%2%

16%

6%

14%

10%


Agriculture, Fishing, and Forestry

Education

Energy and Extractives

Financial Sector

Health

Social Protection

Industry, Trade, and Services

Information and CommunicationsTechnologiesPublic Administration

Transportation

Water, Sanitation, and WasteManagement

IBRD and IDA Lending by Sector │ Fiscal 2017


IBRD and IDA Lending by Theme │ Fiscal 2017


Theme Commitments (US dollar millions)

Economic Policy 3,468

Environment and Natural Resources Management 13,013

Finance 4,837

Human Development and Gender 9,158

Private Sector Development 10,578

Public Sector Management 5,452

Social Development and Protection 3,482

Urban and Rural Development 14,289

Note: As of fiscal year 2017, new sector and theme categories have replaced the previous taxonomy as part of an internal data modernization effort. Themes are not mutually exclusive; therefore, shares may sum to more than 100 percent of project financing and cannot be represented as a pie chart.

$2,420

$1,776 $1,692 $1,687

$1,525 $1,500 $1,485

$1,083

$650 $625

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

Com

mit

men

ts ($

mill

ions

)

IBRD Top-10 Borrowers │ Fiscal 2017


$1,601 $1,512

$1,205 $1,152

$903 $900

$783 $736 $710

$640

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

Com

mit

men

ts ($

mill

ions

)

IDA Top-10 Borrowers │ Fiscal 2017


Regional Lendingby Theme and Sector

Africa Regional Snapshot


INDICATOR 2000 2010CURRENT

DATAa TREND

Total population (millions) 670 877 1,033Population growth (annual %) 2.7 2.8 2.7GNI per capita (Atlas method, current US$) 503 1,282 1,504GDP per capita growth (annual %) 0.9 2.6 -1.5Population living on less than $1.90 a day (millions) 391b 399 389Life expectancy at birth, females (years) 51 57 60Life expectancy at birth, males (years) 49 55 58Youth literacy rate, females (% ages 15–24) 62 66 66Youth literacy rate, males (% ages 15–24) 75 77 77Carbon dioxide emissions (megatons) 556 747 784

SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 55.6b 45.7 41.0SDG 2.2 Prevalence of stunting, height for age (% children under 5) 43 38 35SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 846 625 547SDG 3.2 Under-5 mortality rate (per 1,000 live births) 154 101 83SDG 4.1 Primary completion rate (% relevant age group) 54 68 69SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 81 84 84SDG 5.5 Proportion of seats held by women in national parliaments (% total) 12 19 24SDG 6.1 Access to safe drinking water (% population with access) 55 63 68SDG 6.2 Access to basic sanitation facilities (% population with access) 25 28 30SDG 7.1 Access to electricity (% population) 27 32 37SDG7.2 Renewable energy consumption (% total final energy consumption) 73 72 70SDG 17.8 Individuals using the Internet (% population) 0.5 10 22

MONITORING THE SUSTAINABLE DEVELOPMENT GOALS (SDGs)

Note: ILO = International Labour Organization; PPP = purchasing power parity. a. The most current data available between 2013 and 2016; visit http://data.worldbank.org for data updates.b. 2002 data.

$7,525

$10,613

$11,569

$9,346

$11,842

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

2013 2014 2015 2016 2017

Com

mit

men

ts ($

mill

ions

)

AfricaTotal IBRD and IDA Lending Trends │ Fiscal 2013–17


11%

8%

14%

1%5%

8%

2%

12%

7%

18%

14%



Education


Financial Sector

Health



Social Protection

Transportation


Africa IBRD and IDA Lending by Sector │ Fiscal 2017


Africa IBRD and IDA Lending by Theme │ Fiscal 2017





Finance 333




Social Development and Protection 1,278



East Asia and Pacific Regional Snapshot


INDICATOR 2000 2010

CURRENT DATAa TREND

Total population (millions) 1,813 1,965 2,051Population growth (annual %) 1.0 0.7 0.7GNI per capita (Atlas method, current US$) 915 3,780 6,680GDP per capita growth (annual %) 6.4 9.0 5.6Population living on less than $1.90 a day (millions) 535b 218 71Life expectancy at birth, females (years) 72 75 76Life expectancy at birth, males (years) 68 71 72Youth literacy rate, females (% ages 15–24) 98 99 99Youth literacy rate, males (% ages 15–24) 98 99 99Carbon dioxide emissions (megatons) 4,197 10,054 11,641

SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 29.0b 11.1 3.5SDG 2.2 Prevalence of stunting, height for age (% children under 5) 27 18 15SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 120 79 63SDG 3.2 Under-5 mortality rate (per 1,000 live births) 42 23 18SDG 4.1 Primary completion rate (% relevant age group) 92 104 98SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 82 80 79SDG 5.5 Proportion of seats held by women in national parliaments (% total) 17 18 20SDG 6.1 Access to safe drinking water (% population with access) 80 90 94SDG 6.2 Access to basic sanitation facilities (% population with access) 59 70 75SDG 7.1 Access to electricity (% population) 89 95 96SDG7.2 Renewable energy consumption (% total final energy consumption) 32 20 20SDG 17.8 Individuals using the Internet (% population) 2 29 45



$6,247 $6,313 $6,342

$7,500 $7,107

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

2013 2014 2015 2016 2017

Com

mit

men

ts ($

mill

ions

)

East Asia and Pacific Total IBRD and IDA Lending Trends │ Fiscal 2013–17


7%5%

3% 2%

10%

17%

3%10%

6%

20%

16%



Education


Financial Sector

Health



Social Protection

Transportation


East Asia and Pacific IBRD and IDA Lending by Sector │ Fiscal 2017


East Asia and Pacific IBRD and IDA Lending by Theme │ Fiscal 2017


0%


Economic Policy 736


Finance 1,001


Private Sector Development 916

Public Sector Management 441

Social Development and Protection 324



Europe and Central Asia Regional Snapshot


INDICATOR 2000 2010

CURRENT DATAa TREND

Total population (millions) 397 403 417Population growth (annual %) 0.0 0.5 0.6GNI per capita (Atlas method, current US$) 1,788 7,492 7,676GDP per capita growth (annual %) 7.9 4.6 0.8Population living on less than $1.90 a day (millions) 29b 14 10Life expectancy at birth, females (years) 73 75 77Life expectancy at birth, males (years) 63 66 68Youth literacy rate, females (% ages 15–24) 98 100 100Youth literacy rate, males (% ages 15–24) 99 100 100Carbon dioxide emissions (megatons) 2,712 3,036 3,164




$5,320 $5,527

$7,207 $7,272

$5,308

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

2013 2014 2015 2016 2017

Com

mit

men

ts ($

mill

ions

)

Europe and Central Asia Total IBRD and IDA Lending Trends │ Fiscal 2013–17


7%2%

41%

14%

4%

3%< 1%

12%

3%

11%

2%



Education


Financial Sector

Health



Social Protection

Transportation


Europe and Central Asia IBRD and IDA Lending by Sector │ Fiscal 2017


Europe and Central Asia IBRD and IDA Lending by Theme │ Fiscal 2017



Economic Policy 54


Finance 967

Human Development and Gender 436




Urban and Rural Development 691


INDICATOR 2000 2010

CURRENT DATAa TREND

Total population (millions) 500 570 610Population growth (annual %) 1.5 1.2 1.1GNI per capita (Atlas method, current US$) 3,919 7,765 8,010GDP per capita growth (annual %) 2.3 4.7 -1.8Population living on less than $1.90 a day (millions) 71b 39 34Life expectancy at birth, females (years) 75 77 78Life expectancy at birth, males (years) 68 71 72Youth literacy rate, females (% ages 15–24) 97 98 98Youth literacy rate, males (% ages 15–24) 96 98 98Carbon dioxide emissions (megatons) 1,226 1,557 1,711




Latin America and the Caribbean Regional Snapshot


$5,204 $5,068

$6,024

$8,218

$5,876

$0

$2,000

$4,000

$6,000

$8,000

$10,000

2013 2014 2015 2016 2017

Com

mit

men

ts ($

mill

ions

)

Latin America and the Caribbean Total IBRD and IDA Lending Trends │ Fiscal 2013–17


6%

10%

9%

4%

4%

11%32%

3%

10%

11%



Education


Financial Sector

Health



Social Protection

Transportation

Water, Sanitation, and WasteManagement2%

Latin America and the Caribbean IBRD and IDA Lending by Sector │ Fiscal 2017


Latin America and the Caribbean IBRD and IDA Lending by Theme │ Fiscal 2017


2%


Economic Policy 387


Finance 794







INDICATOR 2000 2010CURRENT

DATAa TREND

Total population (millions) 281 336 374Population growth (annual %) 1.9 1.8 1.7GNI per capita (Atlas method, current US$) 1,568 3,914 4,565GDP per capita growth (annual %) 2.3 3.6 -0.4

Population living on less than $1.90 a day (millions)c 9b 7c — —

Life expectancy at birth, females (years) 71 74 75Life expectancy at birth, males (years) 67 69 71Youth literacy rate, females (% ages 15–24) 81 90 90Youth literacy rate, males (% ages 15–24) 91 94 94Carbon dioxide emissions (megatons) 873 1,313 1,381

SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP)c 3.0b 2.1c — —

SDG 2.2 Prevalence of stunting, height for age (% children under 5) 24 19 17SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 125 99 90SDG 3.2 Under-5 mortality rate (per 1,000 live births) 45 29 25SDG 4.1 Primary completion rate (% relevant age group) 81 92 92SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 25 27 27SDG 5.5 Proportion of seats held by women in national parliaments (% total) 4 11 18SDG 6.1 Access to safe drinking water (% population with access) 88 90 93SDG 6.2 Access to basic sanitation facilities (% population with access) 78 86 90SDG 7.1 Access to electricity (% population) 91 95 96SDG7.2 Renewable energy consumption (% total final energy consumption) 3 3 3SDG 17.8 Individuals using the Internet (% population) 1 21 39


Note: ILO = International Labour Organization; PPP = purchasing power parity. Recent poverty data for this region is unavailable due to low survey data coverage.a. The most current data available between 2013 and 2016; visit http://data.worldbank.org for data updates.b. 2005 data.c. 2008 data.

Middle East and North Africa Regional Snapshot


$2,058

$2,788

$3,492

$5,201

$5,880

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

2013 2014 2015 2016 2017

Com

mit

men

ts ($

mill

ions

)

Middle East and North Africa Total IBRD and IDA Lending Trends │ Fiscal 2013–17


15%

15%

7%

13%

23%

13%

4% 4%



Education


Financial Sector

Health



Social Protection

Transportation


1% 2%

3%

Middle East and North Africa IBRD and IDA Lending by Sector │ Fiscal 2017


Middle East and North Africa IBRD and IDA Lending by Theme │ Fiscal 2017



Economic Policy 265


Finance 562





Urban and Rural Development 306



South Asia Regional Snapshot

INDICATOR 2000 2010

CURRENT DATAa TREND

Total population (millions) 1,387 1,631 1,766Population growth (annual %) 1.9 1.4 1.3GNI per capita (Atlas method, current US$) 441 1,160 1,616GDP per capita growth (annual %) 2.2 7.5 5.5Population living on less than $1.90 a day (millions) 552b 400 256Life expectancy at birth, females (years) 64 68 70Life expectancy at birth, males (years) 62 66 67Youth literacy rate, females (% ages 15–24) 64 79 79Youth literacy rate, males (% ages 15–24) 81 87 87Carbon dioxide emissions (megatons) 1,181 1,970 2,303

SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 38.5b 24.6 15.1SDG 2.2 Prevalence of stunting, height for age (% children under 5) 51 41 36SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 388 228 182SDG 3.2 Under-5 mortality rate (per 1,000 live births) 94 64 53SDG 4.1 Primary completion rate (% relevant age group) 70 88 91SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 43 38 37SDG 5.5 Proportion of seats held by women in national parliaments (% total) 8 20 19SDG 6.1 Access to safe drinking water (% population with access) 80 89 92SDG 6.2 Access to basic sanitation facilities (% population with access) 29 40 45SDG 7.1 Access to electricity (% population) 57 75 80SDG7.2 Renewable energy consumption (% total final energy consumption) 53 42 39SDG 17.8 Individuals using the Internet (% population) 0.5 7 24



$4,474

$10,535

$7,860 $8,363

$6,061

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

2013 2014 2015 2016 2017

Com

mit

men

ts ($

mill

ions

)

South Asia Total IBRD and IDA Lending Trends │ Fiscal 2013–17


2%

12%

14%

17%

5%8%4%

12%

7%

13%

6%



Education


Financial Sector

Health



Social Protection

Transportation


South Asia IBRD and IDA Lending by Sector │ Fiscal 2017


South Asia IBRD and IDA Lending by Theme │ Fiscal 2017





Finance 1,180







Sectoral Lending by Region

49%

19%

13%

12%

3%5%


Africa





South Asia

Agriculture, Fishing, and Forestry IBRD and IDA Lending by Region │ Fiscal 2017


34%

13%

4%

20%

25%


Africa





South Asia

4%

Education IBRD and IDA Lending by Region │ Fiscal 2017


26%

3%

35%

8%

14%

14%


Africa





South Asia

Energy and Extractives IBRD and IDA Lending by Region │ Fiscal 2017


4%4%

24%

7%

28%

33%


Africa





South Asia

Financial Sector IBRD and IDA Lending by Region │ Fiscal 2017


24%

28%

8%

9%

17%

13%


Africa





South Asia

HealthIBRD and IDA Lending by Region │ Fiscal 2017


23%

29%

3%

12%


Africa





South Asia

Industry, Trade, and ServicesIBRD and IDA Lending by Region │ Fiscal 2017


15%

18%

27%

20%

< 1%

12%

18%

22%


Africa





South Asia

Information and Communications TechnologiesIBRD and IDA Lending by Region │ Fiscal 2017


20%

11%

10%

28%

11%


Africa





South Asia

20%

Public Administration IBRD and IDA Lending by Region │ Fiscal 2017


29%

16%

5%6%

29%

15%


Africa





South Asia

Social Protection IBRD and IDA Lending by Region │ Fiscal 2017


37%

25%

10%

10%

4%

14%


Africa





South Asia

Transportation IBRD and IDA Lending by Region │ Fiscal 2017


41%

27%

3%

15%

5%

8%


Africa





South Asia

Water, Sanitation, and Waste Management IBRD and IDA Lending by Region │ Fiscal 2017


Thematic Lending by Region


Economic Policy IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 1,002

East Asia and Pacific 736

Europe and Central Asia 54

Latin America and the Caribbean 387

Middle East and North Africa 265

South Asia 1,023


Environment and Natural Resources ManagementIBRD and IDA Lending by Region │ Fiscal 2017


5%


Africa 4,258

East Asia and Pacific 1,865

Europe and Central Asia 2,573

Latin America and the Caribbean 1,520

Middle East and North Africa 1,086

South Asia 1,710


FinanceIBRD and IDA Lending by Region │ Fiscal 2017



Africa 333





South Asia 1,180


Human Development and GenderIBRD and IDA Lending by Region │ Fiscal 2017


42%


Africa 3,621





South Asia 1,744


Private Sector DevelopmentIBRD and IDA Lending by Region │ Fiscal 2017



Africa 3,409





South Asia 1,502


Public Sector ManagementIBRD and IDA Lending by Region │ Fiscal 2017



Africa 1,689





South Asia 420


Social Development and ProtectionIBRD and IDA Lending by Region │ Fiscal 2017



Africa 1,278





South Asia 661


Urban and Rural DevelopmentIBRD and IDA Lending by Region │ Fiscal 2017



Africa 5,643





South Asia 1,727


For more information visit

worldbank.org/annualreport


Annual Report 2017

Global Reporting Initiative (GRI) Index Fiscal Year 2017

This World Bank GRI Index 2017 provides an overview of sustainability considerations within the World Bank’s lending and analytical services as well as its corporate activities. This index of sustainability indicators has been prepared in accordance with the internationally recognized standard for sustainability reporting, the GRI Standards: Core option (https://www.globalreporting.org).

The GRI Index covers activities from fiscal year 2017, July 1, 2016, through June 30, 2017.

ABOUT THE WORLD BANKThe World Bank Group plays a key role in the global effort to end extreme poverty and boost shared prosperity. It consists of five insti-tutions: the World Bank, which includes the International Bank for Reconstruction and Development (IBRD) and the International Devel-opment 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 140 countries, these institutions provide financ-ing, advice, and other solutions that enable countries to address the most urgent challenges of development.

The GRI Index addresses the activities of the World Bank. Except for the eligibility of support and terms of lending to member countries, IBRD and IDA are tightly integrated and work as a single unit. Certain activities span across the World Bank Group and are therefore cited as such in the content.

DEFINING THE REPORT

Methodology for Determining Materiality The topics deemed relevant for disclosure in the GRI Index were deter-mined by assessing: (1) the potential impact on the Bank’s business and (2) the sustainability impacts from its operations.

The business case was determined based on three key categories: (1) potential reputational risks to the organization, (2) the importance to stakeholders, and (3) the linkages with the Bank’s mission/goals.

In addition to understanding the business case and stakeholder con-cerns, equal weight was given to the sustainability impact of the Bank’s business. After assessing the various sustainability frameworks available, the basic environmental, social, and economic conditions, as outlined by the Natural Step, were considered most appropriate.

Each criterion above (the three for the business case and the three for the sustainability impact) is given a point and a threshold is set to priori-tize GRI aspects to include in the report. The Bank’s materiality approach and resulting reporting was validated and strengthened through a Stake-holder Panel in May 2014.

GRI INDEX 2017

The Natural Step framework, which complements the GRI, defines three basic "system conditions" that must be met if we want to maintain the essential environmental services that sustain human society. Further, because human action is the primary cause of the rapid change we see in the natural environment today, the framework includes a fourth system condition that focuses on the social and economic considerations that drive those actions.

For the purposes of this exercise, the four sustainability principles of the Natural Step are applied by asking: (1) Does this aspect draw upon material extracted from the earth's crust and lead to accumulation of persistent or toxic emissions, or is it an extractive industry or destructive processes? (2) Does this aspect undermine the extent of people's ability to meet their needs? A criterion was added to ensure economic representation within the tool: (3) Does this aspect impact the local economy?

1

https://www.globalreporting.org

Report Boundary Boundaries are defined based on the management control of impacts—indirect impacts lay within the “operational” boundary while direct impacts fall within the “corporate” boundary.

Impacts external to the organization (“operational boundary”)Indirect impacts occur in member countries as a result of World Bank 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 impacts.”

Impacts internal to the organization (“corporate boundary”)“Corporate boundary” refers to the impact from activities over which the Bank has direct control, such as operating World Bank facilities and managing staff members.

RESULTS: WHAT IS MATERIAL?

Operational impact The World Bank’s most pertinent sustainability impacts from finan-cial and technical services to clients can be summarized in the follow-ing 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 the institution.

2. Indirect Economic Impacts—These impacts are an essential aspect of the Bank’s goal of reducing poverty and boosting shared prosperity.

3. Anti-Corruption—Critical to the World Bank’s mission to alleviate extreme poverty is a well-functioning public sector that delivers quality public services consistent with citizen preferences. It also must foster private, market-led growth while managing its fiscal resources in a prudent manner. Opinion leaders in the Bank’s client countries listed anti-corruption as one of their development priorities.

4. Biodiversity—Through lending and grant support to client countries, the World Bank Group is one of the largest international funding sources for biodiversity worldwide.

5. Human Rights / Child Labor / Indigenous Rights—The World Bank 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 actively followed the World Bank’s process of updating its safeguard policies, concluded in fiscal year 2016.

6. Local Communities—The World Bank recognizes that community driven development (CDD) approaches and actions are important elements of an effective poverty reduction and sustainable development strategy.

Corporate ImpactThe 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 per-spectives to bear on poverty-reduction issues and emerging development challenges, and are critical to the effectiveness of the Bank’s core opera-tional 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, and Nondiscrimination.

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-re-source waste and decreases the cost of day-to-day operations. Key aspects related to the Bank’s environmental footprint include: Materials, Energy, Water, Emissions, Effluents and Waste, and Procurement Practices.Questions and comments about the GRI Index should be addressed to Corporate Responsibility, [email protected].

World Bank GRI Index 20172

mailto:crinfo%40worldbank.org?subject=

General Disclosures 4

Organizational Profile 4

Strategy 7

Ethics and integrity 9

Governance 11

Stakeholder Engagement 13

Reporting Practice 19

Operational Impact 23

Economic Performance 23

Indirect Economic Impact 25

Anti-Corruption 26

Biodiversity 28

Child Labor 29

Rights of Indigenous Peoples 30

Human Rights 32

Local Communities 34LegendGeneral Disclosures

Economic Disclosures

Environmental Disclosures

Social Disclosures

Corporate Impact 35

Procurement Practices 35

Materials 35

Energy 37

Water 39

Emissions 40

Effluents and Waste 43

Economic Performance 44

Market Presence 46

Employment 47

Occupational Health and Safety 51

Training and Education 52

Diversity and Equal Opportunity 56

Nondiscrimination 58

TABLE OF CONTENTS

3

General D

isclosures

4 World Bank GRI Index 2017

GENERAL DISCLOSURESOrganizational profile

102-1 Name of the organization

The World Bank consists of the International Bank of Reconstruction and Development (IBRD) and the International Development Association (IDA). It is part of the World Bank Group, which includes the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

For more information, see http://www.worldbank.org/en/about/what-we-do.

102-2 Activities, brands, products, and services

The World Bank offers a wide range of solutions to meet development challenges, all designed to support governments as we work toward our twin goals, ending extreme poverty by 2030 and promoting shared prosperity:

• Innovative financing instruments and 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 myriad 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.

102-3 Location of headquarters

Washington, DC, United States

102-4 Location of operations The World Bank is a global organization. IBRD is owned by 189 member countries and IDA by 173.The Bank operates in 140 countries globally. There are 148 World Bank facilities worldwide.

For a complete list of locations, see http://www.worldbank.org/contacts.

102-5 Ownership and legal form

The World Bank is not a bank in the traditional sense, but a unique partnership committed to reducing poverty and supporting development. IBRD is governed by and works with its 189 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. Project loans are financed by World Bank bonds issued in the capital markets, guarantees, risk management products, and advisory services. IDA works with its 173 member countries—offering financing to the world’s poorest countries—to reduce poverty by providing loans and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.

http://www.worldbank.org/en/about/what-we-do

http://www.worldbank.org/en/about/what-we-do

http://www.worldbank.org/contacts

General D

isclosures

5

102-5 Ownership and legal form (cont.)

For a full list of member countries, see http://www.worldbank.org/en/about/leadership/members.

Each of the World Bank organizations operates according to procedures established by its Articles of Agreement.

The agreements outline the conditions of membership and the general principles of organization, management, and operations.

102-6 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.

102-7 Scale of the organization

Total World Bank commitments: World Bank lending commitments for development support totaled $42.1 billion in fiscal year 2017.

IBRD commitments and resources: New lending commitments by IBRD totaled $22.6 billion for 133 operations in fiscal year 2017. As of June 30, 2017, net commitments in IBRD’s active portfolio stood at $106.7 billion. In fiscal year 2017, IBRD raised US dollar equivalent (USDeq) 56 billion by issuing bonds in 22 currencies. IBRD’s equity comprises primarily paid-in capital and reserves. Under the terms of the general and selective capital increase resolutions approved by the Board of Governors on March 16, 2011, subscribed capital is expected to increase by $87 billion, $5.1 billion of which will be paid in. As of June 30, 2017, the cumulative increase in subscribed capital totaled $78.7 billion. Related paid-in amounts in connection with the capital increase were $4.6 billion.

IDA commitments and resources: IDA commitments amounted to $19.5 billion for 261 operations in fiscal year 2017, including $16.2 billion in credits, $3.2 billion in grants, and $50 million in guarantees. As of June 30, 2017, net commitments in IDA’s active portfolio stood at $105.6 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, and borrowers’ repayments of earlier IDA credits. Total resources for the IDA17 Replenishment, which covered fiscal years 2015–17, amounted to $38.7 billion in Special Drawing Rights (equivalent to $57.9 billion).

For more information, see the World Bank Annual Report 2017: www.worldbank.org/annualreport.

http://www.worldbank.org/en/about/leadership/members

http://www.worldbank.org/unit

http://www.worldbank.org/annualreport

General D

isclosures


102-8 Information on employees and other workers

In fiscal year 2017, the World Bank employed 11,897 staff and 4,948 full-time-equivalent (FTE) short-term consultants and temporaries who worked in 140 countries worldwide.

102-9 Supply chain Each year, about $1.6 billion in goods and services are purchased by the World Bank. Major contracts include consulting firms, travel, information technology and telecommunications, health and benefits, and construction materials. All vendors are required to adhere to the World Bank Corporate Procurement Policy. For more information, see http://www.worldbank.org/en/about/corporate-procurement.

102-10 Significant changes to the organization and its supply chain

The World Bank has implemented a new procurement framework, which aims to maximize the strategic role of procurement in achieving development effectiveness goals. For more information, see http://www.worldbank.org/en/projects-operations/products-and-services/brief/procurement-new-framework.

There were no significant changes to the World Bank’s size, structure, ownership, or supply chain.

102-11 Precautionary principle or approach

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/safeguards.

102-12 External initiatives The World Bank is committed to helping developing countries end poverty and boost shared prosperity in a sustainable manner. The Bank is a partner of choice for countries seeking to reach many of the Sustainable Development Goals (SDGs), adopted in September 2015, particularly in the context of financing, data, and supporting implementation. The World Bank is also an active member of many external initiatives, such as the United Nations Environmental Management Group and the Multilateral Financial Institutions Working Group on the Environment. As a United Nations (UN)-specialized agency, the Bank also supports the mission of the UN and the multilateral agreements for which the Bank acts as an implementing agency, such as the Global Environment Facility (GEF), the Multilateral Fund for the Montreal Protocol, and the Convention to Combat Desertification. These facilities have enabled the Bank to become the largest funder of projects in support of the Convention on Biological Diversity and the Stockholm Convention on Persistent Organic Pollutants. The World Bank also worked closely with the G20 in developing the G20 Hamburg principles on crowding in private finance.

http://www.worldbank.org/en/about/corporate-procurement

http://www.worldbank.org/en/about/corporate-procurement

http://www.worldbank.org/en/projects-operations/products-and-services/brief/procurement-new-framework

http://www.worldbank.org/en/projects-operations/products-and-services/brief/procurement-new-framework

http://www.worldbank.org/safeguards

General D

isclosures

7

102-13 Membership of associations

The World Bank Group is not a formal member of industry or business associations, or national or international advocacy organizations, but it is working with a wide range of civil society organizations, foundations, and private sector partners on multiple global issues. These partnerships build support for the Bank’s twin goals through our End Poverty campaign and around specific development issues, such as financial inclusion, education, health, and climate change, in order to operate more effectively. A few examples are:

• In February 2015, the World Bank Group became a founding member of the Partnership on Religion and Sustainable Development, which continues to bring together bilateral donors and multilateral development partners that seek to more effectively engage with religious communities and organizations to achieve the goals of the 2030 Agenda on Sustainable Development.

• In fiscal year 2016, the World Bank Group spearheaded the creation of the Carbon Pricing Leadership Coalition, which was launched at the Paris COP21. The Coalition brings together 20 governments and more than 90 international corporations.

• In fiscal year 2017, the World Bank Group became an Affiliated Member of the European Foundation Centre, which represents more than 200 philanthropic organizations that work to support positive social change in Europe and beyond. The World Bank Group also continued to be a partner within the Global Philanthropy Forum (GPF). In April 2017, World Bank Group President Jim Yong Kim pro-vided the opening keynote conversation with Jane Wales, President and CEO of the GPF and World Affairs Council, at the GPF annual gathering.

Strategy

102-14 Statement from senior decision-maker

Refer to the World Bank Annual Report 2017 for messages from Dr. Jim Yong Kim, President of the World Bank Group; Kristalina Georgieva, CEO of the World Bank; and a statement from the World Bank’s Board of Executive Directors.

For more information, see www.worldbank.org/annualreport.

102-15 Key impacts, risks, and opportunities

The work of the World Bank is anchored in its goals: to end extreme poverty—reducing the share of the global population living in extreme poverty to 3 percent by the year 2030—and to promote shared prosperity—increasing the income of the bottom 40 percent of the population. Both goals must be met in a sustainable manner. The World Bank Group Strategy, released in 2013, discusses the significant areas in which the World Bank makes economic, social, and environmental impacts, as well as the associated challenges and opportunities along the path toward ending poverty and boosting shared prosperity in a sustainable manner. The strategy combines the strength of the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA)—collectively known as the World Bank—the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The strategy places the institutions in a position to work with the public and private sectors in partnership in order to achieve the twin goals sustainably.


General D

isclosures


102-15 Key impacts, risks, and opportunities (cont.)

Dealing with global political and economic policy uncertainties: The World Bank Group’s Chief Risk Officer monitors the global political and economic environments that could impact the institution’s finances. In fiscal year 2017, the global economy entered a period characterized by some recovery but high uncertainty. Economic growth in advanced economies remains weak, lower commodity prices have hurt developing economies, and high corporate leverage and related external borrowing in the larger emerging markets constitute a further key vulnerability for the World Bank’s borrowing countries. Policy uncertainty presents a key overarching risk, and there is a significant chance that economic activity could diverge from the baseline that foresees a gradual strengthening of global activity. Potential protectionist pressures are a significant risk. There remains considerable uncertainty, however, as to what extent and when such pressures might translate into concrete measures and the form these might take. Countries with open economies and dependent on trade, including many low-income countries, would be among the most vulnerable. Increased protectionism could also impact foreign direct investment flows to developing countries. The policy stance of major central banks as they move at varying paces to normalize monetary policy is another source of uncertainty. Market interest rate expectations could adjust abruptly in response to higher inflation or fiscal policy developments, affecting both interest rates and risk appetite. The most vulnerable countries are those dependent on portfolio investment to finance current account imbalances. Divergence from monetary policy expectations could also lead to further exchange rate movements. Corporate sectors that need to service large unhedged foreign currency borrowing could face stress in light of sharp exchange rate moves. In some countries, large contingent liabilities could be a source of risk and disruption.

The World Bank continues to innovate and adapt to meet the needs of individual countries, and to address the needs of global public goods. To address them and other challenges, the Bank is developing innovative forms of financing in partnership with the public and private sectors. The transformational IDA18 Replenishment, finalized in December 2016, resulted in a record replenishment size of $75 billion to finance projects from July 1, 2017, to June 30, 2020. The IDA18 package will introduce a hybrid financing model that blends contributions with market debt, using IDA’s first-ever public credit rating—triple-A—which it received in 2016. Three IDA18 special themes were retained from IDA17—climate change; gender and development; and fragility, conflict, and violence—and two new themes were introduced— governance and institutions, and jobs and economic transformation—which align with the overarching theme of “Toward 2030: Investing in Growth, Resilience, and Opportunity.”

Significant IDA resources will be devoted to the program’s priority areas. The new Private Sector Window will leverage $2.5 billion of IDA’s capital over the next three years to mobilize at least $6 billion–$8 billion in additional private sector investments in the poorest and most fragile markets, and resources for countries affected by fragile, conflict, and violence situations as a group will double to more than $14 billion, including new financing mechanisms such as $2 billion to support refugees and host communities.

For more information on the World Bank Group Strategy, see https://openknowledge.worldbank.org/handle/10986/16095.

For more information on progress toward corporate targets, see http://corporatescorecard.worldbank.org/.

https://openknowledge.worldbank.org/handle/10986/16095

https://openknowledge.worldbank.org/handle/10986/16095

http://corporatescorecard.worldbank.org/

General D

isclosures

9

Ethics and integrity

102-16 Values, principles, standards, and norms of behavior

Fiscal year 2017 was critical for values and principles of behavior at the Bank Group: the organization committed to refreshing the corporate values it put into place in 1997. In addition to taking a new look at the corporate values, the Bank Group committed to applying them to each part of Bank Group consistently; previously, the World Bank and IFC had separate values statements, and MIGA had none. This has been a bottom-up exercise to develop a modern values statement, provide cues for behavior and decision-making, and help motivate staff to deliver at full capacity.

The Ethics and Business Conduct (EBC) Vice Presidency is leading the “Refreshing Our Values” initiative. EBC and the Human Resources Vice Presidency are co-chairing its widely representative Steering Committee.

For the initiative, nearly 450 staff from across the World Bank Group provided input to the new core values through focus groups in Washington, DC, and several country offices. Also, all staff worldwide had the opportunity to give their input online.

The core values that emerge from these consultations will be crafted into a statement submitted to senior management with the expectation that it will be launched in October 2017. A new Bank Group Code of Conduct will be written in line with the refreshed values statement, and the organization will move to integrate the values into many aspects of core business and human resources decisions.

While the Refreshing Our Values initiative is moving forward, the status quo under the previous values regime remains in place. 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. A summary of the Code of Conduct is available in nine languages. There is a separate Code of Conduct for Board officials. Business partners are informed of ethics expectations through a separate document. 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.

In addition to the required training for new staff, the institution offers a number of ethics training courses. EBC continuously expands its range of training for headquarters and country office staff on values, expected business conduct, recourses available against misconduct and retaliation, and the prevention of conflicts of interest.

Staff members are required to uphold World Bank Group Staff Rules as a condition of employment.

General D

isclosures


102-16 Values, principles, standards, and norms of behavior (cont.)

The head of EBC is a Bank Group Vice President. The leadership of this function by a Vice President reflects the importance of EBC’s mandate, comprised of four key areas of responsibility: (1) setting standards through the design and stewardship of ethical policy, practices, decisions, and behavior, including administering Declarations of Interest Programs to ensure public confidence; (2) reaching out to staff and offering training to strengthen values, foster a culture of respect and integrity, and build bridges between scientific research and practice in ethical development; (3) advising staff and clients by sharing ethics expertise and spotting trends, and providing counsel on conflicts of interest and compliance-related issues as needed; and (4) addressing misconduct by reviewing concerns, recommending actions, and facilitating resolutions. For more information on the World Bank’s Code of Conduct and EBC functions, see http://worldbank.org/ethics.

102-17 Mechanisms for advice and concerns about ethics

EBC enables staff members (both past and present) to seek ethics-related advice or report suspected misconduct and other ethical issues. EBC informs employees, business partners, and other stakeholders of EBC’s services through a range of communications and training programs.

EBC maintains an email service account ([email protected]) accessible to staff and advertised on the external website. Employees also can seek advice directly from EBC staff during office hours or arrange to speak with team members at a convenient time. Most services are provided in English, which is the working language of the organization. Staff members can also contact the Ethics Helpline by phone (800-261-7497) 24/7. This line 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. Requests for advice can be made anonymously.

Details are outlined for staff in the World Bank Group Code of Conduct. See http://worldbank.org/ethics.

For reports of suspected misconduct, all information is confidential and subject to disclosure on a strict need-to-know basis. Anonymous complaints are accepted.

EBC received 846 requests for advice in fiscal year 2017. In more than 90 percent of the cases, answers were provided within two business days. The most frequently received queries concerned a staff member’s outside activities, pre- or post-Bank Group employment, and couples or family relationships. EBC does not currently administer a satisfaction survey to individuals who contact the office for advice, though most express their gratitude for advice, and EBC staff invite feedback via email. EBC does conduct a service quality survey for complainants, witnesses, and subjects involved in reviews of allegations of suspected misconduct. Both participation in the survey and ratings are consistently good.

http://worldbank.org/ethics



General D

isclosures

11

102-17 Mechanisms for advice and concerns about ethics

EBC received 228 allegations of misconduct in fiscal year 2017. The most frequently received allegations involved non-compliance with staff rules, harassment, and abuse of authority. The large majority of allegations were reviewed and closed after intake or initial review. EBC found enough basis to investigate 21 cases. Of those, seven resulted in the submission of an investigative report to the Vice President of Human Resources, who has the authority to determine if misconduct occurred and to impose sanctions. In four cases, sanctions were imposed; the cases are pending as of this writing.

The Bank Group has a non-retaliation policy that protects against any direct or indirect detrimental action threatened or taken because a person engaged in a protected activity. Retaliation is considered misconduct, and will be investigated and sanctioned accordingly.

In addition, the Bank’s Integrity Vice Presidency works to improve compliance with corruption-related policies. The unit trains staff to detect and deter fraud and corruption, and investigates allegations in activities conducted or financed by the Bank Group—as well as allegations of significant fraud and corruption involving staff. EBC and Integrity Vice Presidencies cooperate to ensure a consistency of approach.

Governance

102-18 Governance structure

The World Bank is a development institution for which its 189 member countries are shareholders. 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. His Excellency Imad N. Fakhoury, Minister of Planning and International Cooperation, Jordan, is the Chairman for the 2017 Annual Meetings. The Governors delegate specific duties to the 25 EDs, who sit as a resident Board of Directors in Washington, DC. The five largest shareholders appoint an Executive Director, while 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.

General D

isclosures


102-18 Governance structure (cont.)

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 (COGAM). 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/en/about/leadership.

102-20 Executive-level responsibility for economic, environmental, and social topics

The World Bank Group integrates the principles of sustainable environmental and social development into its work with clients across all sectors and regions. This is done through the Office of the Vice President for Sustainable Development, which reports through the Office of the IBRD/IDA Chief Executive Officer, in turn to the President of the World Bank Group.

For more information about the current Vice President, Sustainable Development, see http://www.worldbank.org/en/about/people/laura-tuck and http://www.worldbank.org/sustainabledevelopment.

102-22 Composition of the highest governance body and its committees

All powers of the World Bank Group are vested in the Boards of Governors (Ministers of Finance and Development of 189 WBG member countries), the Bank’s senior decision-making body according to the Articles of Agreement. They are the only non-executives who can decide on the following:

-Admit and suspend members;

-Increase or decrease the authorized capital stock;

-Determine the distribution of the net income of the Bank;

-Decide appeals from interpretations of the Articles of Agreement by the Executive Directors;

-Make formal comprehensive arrangements to cooperate with other international organizations;

-Suspend permanently the operations of the Bank;

-Increase the number of elected Executive Directors; and

-Approve amendments to the Articles of Agreement.

All other decisions are delegated to the Executive Directors. Member governments oversee the remainder of the responses requested.

http://www.worldbank.org/en/about/leadership

http://www.worldbank.org/en/about/people/laura-tuck

http://www.worldbank.org/en/about/people/laura-tuck

http://www.worldbank.org/sustainabledevelopment

General D

isclosures

13

102-23 Chair of the highest governance body

The Chair of the Board of Executive Directors serves as the President of the organization, as set out in the World Bank’s Articles of Agreement, Section 5. See http://siteresources.worldbank.org/EXTABOUTUS/Resources/ibrd-articlesofagreement.pdf.

102-24 Nominating and selecting the highest governance body

Nominating Governors of the Bank depends on the political systems of the individual 189 member governments. The main criterion is that a Governor is a minister of finance, development, or other national ministry. Other criteria like diversity, independence, and expertise may factor into the independent, government-led decision-making process. The Bank has no direct influence over Governor nomination, which is a sovereign matter related to countries’ internal governance and decision-making.

102-35 Remuneration policies

Per the World Bank Articles of Agreement, “[The] Board of Governors shall determine the remuneration to be paid to the Executive Directors and the salary and terms of the contract of service of the President.” 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 US market.

The Articles also state that Governors (the highest governance body)“...shall serve as such without compensation from the Bank, but the Bank shall pay them reasonable expenses incurred in attending meetings.”

Stakeholder engagement

102-40 List of stakeholder groups

As a global citizen and a global employer, the World Bank Group 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 shareholder governments (Governors), EDs, and Bank employees (staff).

External stakeholders include civil society; faith-based organizations; academics; foundations; parliamentarians; the private sector (including sustainable and responsible investors, companies, and social entrepreneurs); and international, national, and local media.

http://siteresources.worldbank.org/EXTABOUTUS/Resources/ibrd-articlesofagreement.pdf

http://siteresources.worldbank.org/EXTABOUTUS/Resources/ibrd-articlesofagreement.pdf

General D

isclosures


102-41 Collective bargaining agreements

At the World Bank Group, the percentage of total employees covered by collective bargaining agreements is zero. However, the World Bank Group Staff Association represents and protects the rights and interests of all (that is, 100 percent) of the staff as part of its mandate. The Staff Association negotiates with the Human Resources Vice Presidency, senior management, line management, and the EDs to ensure the interests of staff are met. More than 11,000 World Bank Group staff are members of the Staff Association, and 90 country offices have established Country Office Staff Associations. Founded in 1972, the Staff Association is not a union and does not engage in collective bargaining. It serves a critical role by representing the rights of all World Bank Group staff, as provided in Staff Rule 10.01.

102-42 Identifying and selecting stakeholders

The World Bank Group works with diverse stakeholders who share the commitment to advance the Bank’s twin goals and are active in development. Internal stakeholders include the member governments and employees. External stakeholders range from civil society organizations (which include faith-based organizations), media, labor unions, foundations, parliamentarians, and the private sector and investors.

102-43 Approach to stakeholder engagement

The World Bank Group engages with a broad cross-section of stakeholder groups in ways that are both context-specific and situational. Engagement takes the form of numerous approaches, including policy dialogue; operational partnerships; consultations; convenings and global platforms such as the Annual and Spring Meetings; and joint issue-based advocacy on campaigns, such as End Poverty and the Early Years campaign on early childhood development.

1. Member governments: EDs and Governors engage regularly with a wide spectrum of stakeholders, including national stakeholders in their own country and with international civil society organizations (CSOs) on the margins of the organization’s Spring and Annual Meetings, as well as during travel to client countries for Bank Group operations. 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 finance. The Annual Meetings provide a forum for international cooperation and enable the Bank Group and the IMF to better serve their client countries. In addition to the Annual and Spring Meetings, the Development Committee convenes to advise the Boards of Governors on issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

General D

isclosures

15

102-43 Approach to stakeholder engagement (cont.)

2. Employees: Engaging employees to boost pride in the institution and commitment to a shared mission is the primary goal of the new World Bank Employee Engagement Strategy, launched in fiscal year 2017. Engagement channels include the employee intranet; internal events such as live webcast leadership town halls and cultural performances; social media announcements and opinions; learning opportunities; and targeted (for example, dedicated briefings and news digests for managers) and broad-reach newsletters and emails from leadership. The World Bank’s intranet—available on mobile devices and desktops—reaches all staff in 140 countries as the default browser homepage on World Bank devices. The intranet features leadership communications, announcements, stories, webinars, social media calls-to-action, staff profiles, and staff conversations, all curated by the dedicated Employee Engagement team in coordination with a network of communication professionals across the organization. The Bank also promotes various corporate communication campaigns, such as the Community Connections Campaign to raise funds for the local community and client countries. Each year, the in-depth Employee Engagement Survey invites staff to voice their opinions on comprehensive key issues, from leadership to career development, from inclusiveness to the work environment. The Bank participation rate for the 2017 survey was 85 percent, with an overall engagement index of 80 percent.

3. Civil Society: The World Bank engages CSOs (which include faith-based and religious organizations) regularly at the global, regional, and local level. The Bank shares information, solicits input on policy reform, consults with CSOs on our strategy, collaborates with them on Bank-financed projects, and forges partnerships to further our dual goals. For example: the Civil Society team hosts a monthly update call with more than 300 CSOs, and distributes a monthly CSO eNewsletter, which reaches roughly 8,000 subscribers. Twice a year, during the Annual and Spring Meetings, the World Bank Group hosts the Civil Society Policy Forum. Six hundred eighty-six CSO participants attended the Annual Meetings (October 2016) and 850 CSO participants attended the Spring Meetings (April 2017). During the meetings these civil society representatives from around the world deliberated on priority development issues with a broad group of stakeholders. Forty-plus dialogue sessions were held, organized primarily by CSOs in collaboration with the Bank on topics ranging from safeguards, citizen engagement, and public and private partnerships to inequality, health, and food security. Through the Strategic Framework for Mainstreaming Citizen Engagement in World Bank Group Operations, the Bank Group engages with CSOs and citizens to achieve better development results. This effort is grounded in the commitment to include beneficiary feedback in World Bank Group-financed projects in which there are clearly identifiable beneficiaries. See http://www.worldbank.org/en/about/what-we-do/brief/citizen-engagement.

The Bank also engages with local non-governmental organizations (NGOs) in our communities through volunteer activities and through our workplace giving and matching program, the Community Connections Campaign. To learn more about the NGOs we engage, see http://www.worldbank.org/en/programs/community-connections.

http://www.worldbank.org/en/about/what-we-do/brief/citizen-engagement

http://www.worldbank.org/en/programs/community-connections

General D

isclosures



4. Opinion Leaders: The Country Opinion Survey (COS) Program systematically assesses and tracks the views of external opinion leaders across client countries. The World Bank Group has collected thousands of opinions in this mandated program since its inception, in fiscal 2012. Each client country is surveyed once every three years; each year, about 40 to 45 countries are included. In this manner, over a three-year cycle, the COS Program obtains feedback from stakeholders in nearly all client countries. No other multilateral organization engages in a feedback mechanism of such breadth and depth.

5.ESG Investor Community: The World Bank engages with investors including those with environmental, social, and governance (ESG) investment considerations. These are of general interest to them. But questions arise directly from ESG research and rating firms that rate and rank issuers based on their “E,” “S,” and “G” aspects of daily operations—both internally (for example, fair labor standards, staff satisfaction, carbon footprint based on business-as-usual activities) and externally, as its operational work impacts its client countries and other stakeholders (for example, safeguards applied to and risk assessments to consider in project implementation, and so on). The questions come with proposed responses, drafted by the ESG research firms, that reflect stories originating from multilateral development bank watchdog press releases. Investors with ESG considerations receive these reports. The questions we regularly provide feedback on are used as part of the materiality exercise for the GRI Index.

6. Local, national, and international media: The World Bank regularly reaches out to media to cover the Bank’s major report launches, corporate priority campaigns and messages, including events involving President Jim Yong Kim. At key opportunities, such as 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 institution views so they can write balanced and well-represented articles. Press releases, speeches, transcripts, and feature stories from the Bank appear on the World Bank’s website homepage, http://www.worldbank.org, and on the news site, http://worldbank.org/en/news.

http://www.worldbank.org

http://worldbank.org/en/news

General D

isclosures

17


7. Foundations: The Foundations Program mobilizes political and financial support from the philanthropic world to advance the institution’s twin goals. Partnerships range from direct or parallel grant contributions to research, knowledge sharing, and joint advocacy. These partnerships often provide crucial early seed funding and access to innovative ideas and new expertise. They also allow the Bank to reach a broad network of civil society grantees. The World Bank has partnerships with more than 100 foundations in all regions of the world. In fiscal year 2017, the Bank Group launched a number of important new partnerships with foundations that focused on scaling up investment and advocacy efforts on priority issues, in addition to strengthening its existing partnerships. New partnerships that were initiated in fiscal year 2017 included: (1) Identification for Development (ID4D): The Bill & Melinda Gates Foundation was the first donor to the ID4D multi-donor partnership, which helps countries establish robust and inclusive identification systems. The foundation’s role has been integral to expanding ID4D’s technical assistance to more countries, developing technical guidance materials, and conducting research, including impact evaluations; (2) ESMAP: The Rockefeller Foundation is collaborating with the World Bank Group’s Energy Sector Management Assistance Program (ESMAP) to help governments and donors better quantify and understand energy that is being provided for economic development; and (3) Education for Competitiveness (E4C): The Bank Group announced a new strategic partnership with the Abdulla Al Ghurair Foundation for Education linked to the E4C initiative. It is focused on improving the quality and relevance of education for Arab children and youth. The Foundation’s Advisory Council, which is an annual action-oriented meeting designed to build political will and to kick-start transformative partnerships, convened a select group of high-level influential philanthropic leaders, alongside senior Bank Group leadership, around the topic of early childhood development. See http://documents.worldbank.org/curated/en/910971468184790958/The-World-Bank-Group-and-foundations-stories-of-partnership-2016.

102-44 Key topics and concerns raised

Topics of concern raised in the past year include:

1. Member states issue communiques during Annual and Spring Meetings. These can be found online. Recent Development Committee Communiques from October 2016: http://siteresources.worldbank.org/DEVCOMMINT/Communiques/23733103/FM2016Communique(E).pdf and April 2017: http://siteresources.worldbank.org/DEVCOMMINT/Communiques/23747151/CommuniquesE.pdf .

2. Employees: Key topics raised by employees in fiscal year 2017 via the engagement survey and through online and in-person staff engagements included: efficiency of internal processes, trust between staff and management, career opportunities and development, and managerial effectiveness.

http://documents.worldbank.org/curated/en/910971468184790958/The-World-Bank-Group-and-foundations-stories-of-partnership-2016

http://documents.worldbank.org/curated/en/910971468184790958/The-World-Bank-Group-and-foundations-stories-of-partnership-2016

http://siteresources.worldbank.org/DEVCOMMINT/Communiques/23733103/FM2016Communique(E).pdf

http://siteresources.worldbank.org/DEVCOMMINT/Communiques/23733103/FM2016Communique(E).pdf

http://siteresources.worldbank.org/DEVCOMMINT/Communiques/23747151/CommuniquesE.pdf

http://siteresources.worldbank.org/DEVCOMMINT/Communiques/23747151/CommuniquesE.pdf

General D

isclosures


102-44 Key topics and concerns raised (cont.)

3. CSOs: In fiscal year 2017, the team consulted on the IDA18 replenishment with a cross-section of CSOs and faith-based organizations (FBOs), including through an IDA Forum that took place during the Spring and Annual Meetings. The team also consulted with CSOs about the creation of the Gender-Based Violence Task Force. In collaboration with the Africa region, three regional workshops took place in fiscal year 2017, which included site visits to World Bank-financed projects in Abuja, Dakar, Johannesburg, and Nairobi and deepened engagement with civil society in client countries. During the Africa workshops, CSOs and FBOs raised a number of issues, including (1) the need for greater capacity building; (2) the importance of ongoing rather than episodic or ad hoc engagement; and (3) the desire to see the WBG engage CSOs and FBOs more in World Bank operations as implementing partners and monitors of Bank-financed projects. CSO and FBO participants in each workshop produced an action plan that outlined goals and commitments to interact more systematically and successfully with World Bank country offices in order to advance shared development priorities and improve development effectiveness. The Civil Society Team is exploring partnering with other regions to organize similar workshops in fiscal year 2018.

The World Bank also interacted with CSOs on reports such as the annual World Development Report (WDR) and evaluations conducted by the Independent Evaluation Group (IEG).

Senior management also participated in public advocacy activities with civil society, including the Interaction Annual Forum and the Results Annual Summit. These organizations were among the supporters who mobilized their members to support IDA18, which resulted in the largest replenishment in IDA history.

At the country level, the World Bank consults with a broad spectrum of CSOs on the Systematic Country Diagnostic, the Country Partnership Framework, sector studies, and individual Bank-funded development projects. Often these interactions involve multiple stakeholders and CSOs, governments, businesses, and donor agencies. Within these operations, the Bank is helping to build sustainable national systems for citizen engagement with governments and the private sector.

To further support development results and reach the Bank goals of ending extreme poverty and boosting shared prosperity, the Global Partnership for Social Accountability (GPSA) encourages 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.

For more information on the Bank’s engagement with civil society, see http://www.worldbank.org/civilsociety.

http://www.worldbank.org/civilsociety

General D

isclosures

19

102-44 Key topics and concerns raised (cont.)

4. Opinion Leaders: In fiscal year 2017, the mean rating for the Bank Group’s effectiveness and impact on development results (combined rating for two variables) in the Bank Group’s client countries was 6.6 on a 10-point scale across all COS respondents. Participants in the fiscal year 2017 COS and the fiscal year 2016 COS had statistically similar ratings for the Bank Group’s effectiveness and impact on development results (the mean in fiscal year 2017 was 6.6; the mean in fiscal year 2016 was 6.6). Clients (those respondents who work with the institution) rated the Bank Group’s collaboration with other donors and development partners in IDA countries positively: 7.4 (statistically similar to the fiscal 2016 COS rating: 7.3). On responsiveness and staff accessibility (combined rating for two variables), the client ratings were relatively lower: 6.8 (statistically similar to the fiscal year 2016 COS rating: 6.9). For more information, see http://countrysurveys.worldbank.org/.

5. ESG Investor Community: Investors ask the World Bank about project implementation and how safeguards help reduce social and environmental risks. This includes preventing risks behind resettlement, the procurement labor and supply chain during project implementation, and how well the companies procured for project implementation are vetted in order to prevent any violation of human rights and child labor within the country where the projects are being financed.

6. Media:The key priority in fiscal year 2017 was the continued promotion and implementation of the World Bank Group goals and the three ways in which the organization is working to achieve them: (1) fostering sustainable growth; (2) investing in human capital; and (3) building resilience. The communications emphasis was on the need for new approaches to development finance and to crowd in private finance. Specific issues included forced displacement, pandemics, and women’s economic empowerment. The issuance and promotion of our biannual global economic prospects also garnered strong media coverage.

Reporting practice

102-45 Entities included in the consolidated financial statements

The content and data in this document relate to the International Bank of Reconstruction and Development (IBRD) and the International Development Association (IDA), together, the World Bank. The GRI Index 2017 does not cover activities of 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. Some references to the World Bank Group have been made in this report as appropriate.

For more about the World Bank and its sibling agencies, see www.worldbank.org/about.

http://countrysurveys.worldbank.org/

http://countrysurveys.worldbank.org/

http://www.worldbank.org/about

General D

isclosures


102-46 Defining report content and topic Boundaries

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 COS Program, civil society feedback, and queries from investor research groups.

To determine if a GRI aspect is material for the World Bank to report on, an assessment is carried out based on the potential impacts 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), the linkages with the Bank’s mission and goals and those identified as material in the World Bank Corporate Responsibility Strategic Plan. The sustainability impact refers to environmental and social criteria, as outlined by the Natural Step, namely, material extracted from the earth’s crust; the 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.

102-47 List of material topics

Boundaries are defined based on the management control of impacts: indirect impacts lay within the “operational” boundary while direct impacts fall within the “corporate” boundary.

Impacts external to the organization (“operational boundary”): Indirect impacts occur in member countries as a result of World Bank 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 impacts.”

Impacts internal to the organization (“corporate boundary”): “Corporate boundary” refers to the impact from activities over which it has direct control, such as operating World Bank facilities and managing staff members.

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 the institution.

2. Indirect Economic Impacts – These impacts are an essential aspect of the Bank’s goal of reducing poverty and boosting shared prosperity.

General D

isclosures

21

102-47 List of material topics (cont.)

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 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 actively followed the World Bank’s process of updating its safeguard policies, concluded in fiscal 2016.

5. Local Communities – The World Bank recognizes that CDD approaches and actions are important elements of an effective poverty reduction and sustainable development strategy.

6. Anti-Corruption – Critical to the World Bank’s mission to alleviate extreme poverty 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. Opinion leaders in the Bank’s client countries listed anti-corruption as one of their development priorities.

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, 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 the Bank’s environmental footprint include: Materials, Energy, Water, Emissions, Effluents and Waste, and Procurement Practices.

102-48 Restatements of information

In EC1, certain reclassifications of financial information have been made to show net revenues that take into account change in presentation of revenue from externally funded activities.

102-49 Changes in reporting There were no changes from previous reporting periods in the list of material topics and topic Boundaries.

102-50 Reporting period The GRI Index 2017 covers fiscal year 2017, July 1, 2016, through June 30, 2017.

General D

isclosures


102-51 Date of most recent report

The previous Sustainability Review and GRI Index were made available in October 2016.

102-52 Reporting cycle The World Bank updates its GRI Index annually and provides a summary of the year’s activities in the World Bank Annual Report. An in-depth World Bank Sustainability Review is published biennially.

102-53 Contact point for questions regarding the report

For more information, email the Corporate Responsibility Program: [email protected].

102-54 Claims of reporting in accordance with the GRI Standards

The GRI Index 2017 has been prepared in accordance with the GRI Standards: Core option

102-55 GRI content index The GRI Index 2017 is available on the following webpage: http://worldbank.org/corporateresponsibility.

102-56 External assurance The World Bank has not set a policy on gaining external assurance for its GRI Index and Sustainability Review. In practice, limited assurance is carried out for the Bank’s corporate carbon emissions data periodically. The carbon inventory is also assured every year by the IFC Annual Report auditors.


http://worldbank.org/corporateresponsibility

Operational Im

pact

23

OPERATIONAL IMPACTGRI 200 Economic Standard Series

Economic Performance

The World Bank is an important source of financial resources and technical assistance for 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 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 78 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 Bank has established ambitious but achievable goals to galvanize international and national efforts: to end extreme poverty—reducing the share of the global population living in extreme poverty to 3 percent by the year 2030—and to boost shared prosperity—increasing the income of the bottom 40 percent of the population. Both of these goals must be met in a sustainable manner. The World Bank 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. For more information on the Corporate Scorecard, see http://scorecard.worldbank.org.

201-1 Direct economic value generated and distributed

In fiscal year 2017, IBRD’s net revenues totaled $1.98 billion ($1.89 billion and $1.96 billion for 2016 and 2015, respectively), and IDA’s net revenues were $1.32 billion ($1.93 billion and $1.53 billion for 2016 and 2015, respectively). Sources of revenues include net revenue from loans, net revenue from IBRD’s Equity Management, revenue from investments trading, and transfers from affiliated organizations. This is different from last year due to a change in the presentation of revenue from externally funded activities, which is offset by a corresponding amount in administrative expenses. These amounts are being shown net.

In fiscal year 2017, IBRD’s administrative expenses were $1.18 billion ($1.30 billion and $1.28 billion for 2016 and 2015, respectively), and IDA’s administrative and development grant expenses for fiscal year 2017 were $4.09 billion ($2.41 billion and $3.63 billion for 2016 and 2015, respectively). The Bank has delivered a strong lending program while containing its administrative expenses.

To better understand the business models of each entity, please see the IBRD Management’s Discussion & Analysis (MD&A) and the IDA MD&A. See Financial Statements, http://www.worldbank.org/financialresults.

http://scorecard.worldbank.org

http://www.worldbank.org/financialresults

Operational Im

pact


201-2 Financial implications and other risks and opportunities due to climate change

Climate change is already affecting countries and communities around the world, and the poorest and most vulnerable are being hit the hardest. Concerted and rapid action will be key to mitigate the effects of climate change. A shift to low-carbon development is already under way around the world as countries see the potential for climate action to create jobs, drive economic growth, improve air quality, and reduce congestion in cities. The World Bank is working on several fronts to help countries achieve their national climate targets, the Nationally Determined Contributions, which were submitted by more than 140 Bank client countries as part of the Paris Agreement on climate change.

The World Bank Group has committed to increase its climate financing to 28 percent of the Bank Group’s portfolio by 2020, in response to client demand. To meet this commitment, the organization adopted a Climate Change Action Plan that lays out ambitious targets to be met by 2020 in such areas as clean energy, climate-smart agriculture, disaster risk management, and sustainable urbanization. The Bank Group has been moving quickly toward meeting these targets. In 2016 and 2017, projects representing 10 gigawatts of renewable energy capacity were approved or are in an advanced stage of preparation, with fund mobilization of $6.5 billion. During the same period, 10 new operations were approved that when put into place, will improve the climate resilience of over 50 million people.

For details on climate-related projects, see http://www.worldbank.org/climatechange.

Risks and opportunities and the subsequent 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.

201-4 Financial assistance received from government

World Bank member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers 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 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 may be called only when required to meet obligations of IBRD for funds borrowed or on loans guaranteed by it. For capital contributed by a member country, see Financial Statements, http://www.worldbank.org/financialresults.

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.

http://www.worldbank.org/climatechange

http://www.cdp.net



Operational Im

pact

25

Indirect Economic Impact

The World Bank is an important source of financial resources and technical assistance for 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: to end extreme poverty—reducing the share of the global population living in extreme poverty to 3 percent by the year 2030—and to boost shared prosperity—increasing the income of the bottom 40 percent of the population. These goals must be met in a sustainable manner. The World Bank Corporate Scorecard measures the progress on these goals. It reports key sectoral and multisectoral results achieved by clients with the support of the World Bank Group. For more information on the Corporate Scorecard, see http://scorecard.worldbank.org.

203-1 Infrastructure investments and services supported

Infrastructure development—in the energy, water, transport, and information and communication technology sectors—is critical to accelerating economic growth and to reducing poverty. The World Bank supports governments by providing analysis and advice, financial instruments, convening power, and crucially, a solid evidence base to help them make informed decisions about improving access to and the quality of infrastructure services, which can include, where appropriate, leveraging private sector financing and public–private partnerships.

For more information about the infrastructure projects financed by the World Bank, see the World Bank Annual Report 2017, www.worldbank.org/annualreport.

203-2 Significant indirect economic impacts

Equitable policies and institutions help every country’s poorest people to benefit from economic growth. The World Bank supports policymakers to reach well-informed, evidence-based decisions that promote equity and inclusion, sustainable macroeconomics, public sector transparency and efficiency, productivity, and financial sector deepening and stability—all foundational elements for reducing poverty and promoting inclusive, sustainable economic growth. The Bank pursues its principal goals by providing loans, expertise on development-related disciplines, and risk management products and by coordinating responses to regional and global challenges. The Bank’s financial resources are significant, and equally valuable is its knowledge. The Bank’s scale, range, and diversity lie at the core of its specialized role as a key contributor to global development knowledge.

For a breakdown of the fiscal year 2017 portfolio by theme, sector, and region, see “The Roles and Resources of the World Bank” in the World Bank Annual Report 2017, www.worldbank.org/annualreport.

See the Corporate Scorecard for the Bank’s overall performance in the context of development results: http://scorecard.worldbank.org.






Operational Im

pact


Anti-Corruption

Critical to the World Bank Group’s mission is a well-functioning public sector that delivers quality public services consistent with citizen preferences, while managing its fiscal resources in a prudent manner. World Bank Group (WBG) operations across sectors systematically incorporate governance and anticorruption measures into project design. The objective is to better mitigate corruption and fiduciary risks and ensure that development funds are used for their intended purposes.

The Bank Group’s Sanctions System is comprised of three independent offices: the Integrity Vice Presidency (INT) and two adjudicative units, the Office of Suspension and Debarment, and the Sanctions Board. INT investigates allegations of fraud and corruption in Bank Group-supported activities (external investigations), as well as allegations of significant fraud and corruption involving Bank staff and vendors (internal investigations). Any resulting Bank Group debarments made through the Sanctions System prevent these parties from participating in future Bank Group-financed projects and serve as a deterrent to other potential wrongdoers. INT also helps client countries through its joint investigations and forensic reviews, the investigative findings it refers to national authorities, and by sharing its insights with relevant ministries to help bolster their business systems and administration. INT further works with the private sector and NGOs through its Integrity Compliance Office to institute integrity compliance programs that sanctioned entities must satisfy to be released from a WBG sanction. 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. For more information on the Governance Global Practice, see www.worldbank.org/governance. For more information on INT, see www.worldbank.org/integrity.

205-1 Operations assessed for risks related to corruption

INT assesses and investigates allegations of corruption involving WBG financing. In fiscal year 2017, INT opened 51 external investigations into possible corruption, fraud, collusion, coercion, and obstruction in 55 Bank Group-financed projects in 33 countries. The investigations substantiated in the fiscal year involved 52 projects and included the review of 147 contracts, totaling approximately $727 million.

Keeping staff who work on projects attuned to risks arising from investigations and forensic audits is critical to ensuring high-risk operations, in particular, are able to deliver results. As of the end of fiscal year 2017, INT had identified 157 WBG-financed projects as being exposed to specific integrity risks, consisting of 117 projects under implementation and 40 in the pipeline. The projects were identified on the basis of specific criteria, including relevant ongoing and recently substantiated investigations, and the existence of multiple credible complaints. INT alerted the relevant project teams so that the risks could be addressed through strengthened project design or supervision.

http://www.worldbank.org/governance

http://www.worldbank.org/integrity

http://www.worldbank.org/integrity

Operational Im

pact

27

205-2 Communication and training about anti-corruption policies and procedures

Board: INT provides all new Executive Directors of the Board and their Advisors with an overview of INT’s mandate, structure, and case portfolio and highlights relevant issues during the Board Induction program. The Audit Committee of the Board, made up of eight Executive Directors, is briefed in more detail on a quarterly basis on these same activities. Thirty-eight Advisors to Executive Directors attended INT’s Integrity Clinic in fiscal year 2017. This clinic raises awareness about how corruption can impact Bank Group-financed projects so that Board members are better able to assess projects before approving them.

Employees: All new employees receive an overview of relevant staff rules and how to report suspected corruption issues. Eight hundred seventy-nine persons working for ministries and implementing agencies in client countries, enforcement agencies, and CSOs received information and training from INT related to integrity in Bank Group-financed operations. INT organized training for more than 1,200 staff on topics such as forensic auditing, integrity due diligence, and spotting indicators of corruption in fiscal year 2017. That same year, the Operations Policy and Country Services (OPCS) Vice Presidency ran one targeted clinic on Anti-Corruption in Projects that reached 25 participants. OPCS’s Governance and Anti-Corruption-in-Operations community of practice (300 staff) also fosters outreach and training to Bank Group staff on corruption risks at a project’s level. Also, in fiscal year 2017, more than 600 staff attended the Governance Forum, which featured two sessions focused on corruption and illicit financial flows.

Business partners: The Bank Group harmonized investigative procedures and definitions of sanctionable practices (including corruption) with the Asian Development Bank, the African Development Bank, the Inter-American Development Bank, and the European Bank for Reconstruction and Development. Firms and individuals who are blacklisted by the Bank Group must meet specific conditions, such as establishing and implementing an effective corporate compliance program or improving an existing program, before they are again eligible to bid on Bank Group-funded projects. These conditions are based on the Integrity Compliance Guidelines. To date, 289 entities have been sanctioned with such conditions. In fiscal year 2017, the Integrity Compliance Office notified 45 newly debarred entities of their conditions for release, and 13 entities met their conditions for release. For more information on the Integrity Compliance Guidelines, see http://pubdocs.worldbank.org/en/489491449169632718/Integrity-Compliance-Guidelines-2-1-11.pdf.

205-3 Confirmed incidents of corruption and actions taken

Twenty-two of 32 substantiated cases in fiscal year 2017 involved corruption by firms or individuals working on Bank Group-funded projects.

One short-term consultant was permanently barred from rehire.

No corporate vendors were debarred in fiscal year 2017.

No corruption cases were brought against the World Bank Group or its employees in fiscal year 2017.

http://pubdocs.worldbank.org/en/489491449169632718/Integrity-Compliance-Guidelines-2-1-11.pdf

http://pubdocs.worldbank.org/en/489491449169632718/Integrity-Compliance-Guidelines-2-1-11.pdf

Operational Im

pact


GRI 300 Environmental Standards Series

Biodiversity

Biodiversity supports economic growth and human wellbeing. And it is essential for sustainability and to maintain ecological as well as social resilience to disturbances such as climate change. But the world is experiencing a dramatic loss of biodiversity, which has negative effects on livelihoods, water supply, food security, and resilience to extreme events. It has consequences for 78 percent of the world’s extreme poor who live in rural areas, many of whom rely on ecosystems and the goods they produce to make a living. The World Bank estimates that crimes affecting natural resources and the environment inflict damage on developing countries worth more than $70 billion a year. The livelihoods, welfare, and safety nets of the rural poor, especially women, are often inextricably dependent on natural and semi-natural ecosystems. Biodiversity is especially significant for the 300 million indigenous peoples of the world, for whom nature—apart from being a source of livelihood and wellbeing—is the foundation for their cultural and spiritual identities.

The World Bank’s Environmental and Natural Resources (ENR) Global Practice works with national and local stakeholders to improve natural resource management. We address biodiversity through country-specific and regional projects, for example:

(1) Dedicated conservation projects, including with the Bank’s Global Environment Facility (GEF) funding, such as the South Africa iSimangaliso Wetland Park; the Amazon Landscape Program; and the Global Wildlife Program (supported by GEF plus IDA and Trust Funds);

(2) Broader agricultural and natural resource management projects (including landscape-level interventions) such as in Burundi, where biodiversity-friendly shade coffee in PADZOC is scaled up to a larger agriculture project; the Sahel and West Africa Program in support of the Great Green Wall (funded by GEF plus IDA and Trust Funds); and Colombia Sustainable Cattle Ranching (funded by GEF and Trust Funds); and (3) Infrastructure and other large-scale development projects that address biodiversity conservation in order to maintain environmental services, mitigate adverse impacts, and enhance biodiversity outcomes, for example, the Cameroon Lom Pangar Dam and Lao Nam Theun 2 Dam. Both support large conservation areas as biodiversity offsets.

Wherever feasible, Bank-financed projects are sited on already converted lands to preserve critical natural habitats. The World Bank does not support projects that involve the significant conversion or degradation of critical 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.

In response to a 2013 Independent Evaluation Group review of the Bank’s portfolio in the forest sector, the WBG developed a Forest Action Plan for fiscal years 2016–2020 that aims to boost the potential of forests to lift people out of poverty and generate lasting social, economic, and environmental returns in developing countries. Forests and trees provide vital resources and ecosystem services for humanity through the regulation of climate and hydrological systems. The number of people deriving direct and indirect benefits from trees—in the form of employment, forest products, and contributions to livelihoods and incomes—is estimated at 1.3 billion.

Operational Im

pact

29

304-3 Habitats protected or restored

The Bank supports the protection, maintenance, and rehabilitation of natural habitats—and their functions in its advisory work, project financing, and policy dialogue. From fiscal years 2006–2016, 92 projects supported habitat protected or restored areas, with a geographic emphasis on the Latin America and the Caribbean region (LAC) and Africa (33 and 31 projects, respectively), and 17 in East Asia and the Pacific, six in East and Central Asia, two in Middle East and North Africa, and three in South Asia. Habitat restoration was supported through five projects (two in Africa, one in East and Central Asia, and two in LAC).

Our ongoing programs include: the New York Declaration on Forests; the African Resilient Landscapes Initiative and its forest component, the African Restoration Initiative; the Global Partnership on Forest Landscape Restoration; the TerrAfrica Partnership; the Initiative LAC 20x20; the Global Partnership on Wildlife Conservation and Crime Prevention for Sustainable Development; the International Consortium on Combating Wildlife Crime; and the Amazon Sustainable Landscapes Program.

GRI 400 Social Standards Series

Child Labor

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 and develop specific measures that would be implemented during the project to mitigate the risk. The World Bank has been actively supporting the diversification of agricultural production beyond cotton and wheat into other high-value crops such as fruit and vegetables, and livestock. This support is clearly defined in the World Bank Group Country Partnership Framework that was approved in 2016. The World Bank-financed agriculture projects in Uzbekistan focus on improving agricultural productivity, promoting sustainable management of land and water resources, increasing the efficiency of irrigation infrastructure, and enhancing the economy’s competitiveness. This is also supported through analytical and advisory services. Results of the 2016 cotton harvest monitoring, conducted by the International Labor Organization (ILO), were made public on February 1, 2017. The ILO report concludes that organized child labor has been “phased out” in Uzbekistan and calls this a major achievement. However, concerns remain regarding the risks of forced labor associated with the widespread organized recruitment of adults. The World Bank does not condone forced labor in any form and takes seriously reports of incidents in the cotton production system of Uzbekistan. We continue to voice our strong concerns on labor issues to the Government of Uzbekistan and we are supporting its efforts to eliminate forced labor by cutting cotton production, diversifying agriculture, and increasing mechanization. We also support private sector players who demonstrate commitment to responsible labor practices.

Operational Im

pact


408-1 Operations and suppliers at significant risk for incidents of child labor

In fiscal year 2017, the World Bank continued to ensure that at-risk projects, such as those in Uzbekistan, included measures to prevent the occurrence of child or forced labor by beneficiaries of Bank-supported projects. The Bank continued pursuing policy dialogue aimed at transforming the cotton sector with the Government of Uzbekistan. Third Party Monitoring, conducted by the ILO, which started in 2015, continued in 2016. Both in 2015 and 2016, ILO monitors found no systematic use of child labor, and the organization stated the practice has been “phased out” and has become “socially unacceptable.” However, both the ILO and the World Bank still have concerns about the risk of forced labor associated with the mass mobilization of adults to pick cotton. The ILO, in collaboration with the Bank, is conducting a range of training, awareness, and outreach activities aimed at improving labor relations in agriculture. All projects in agriculture, as well as other sectors affected by the risks of child and forced labor, include legal requirements in their financial agreements related to and government compliance with national legislation that prohibits the use of child or forced labor; and implementation of a third-party monitoring and a feedback mechanism that focuses on child or forced labor issues in connection with the project activities or within project areas.

For more information, see “Third Party Monitoring of measures against child and forced labor during the Uzbekistan 2016 Cotton Harvest: An assessment submitted to the World Bank by the International Labour Office,” January 2017: http://pubdocs.worldbank.org/en/269051485892885586/IOL-Monitoring-Report.pdf; and “Q&A on the World Bank’s Agriculture Sector Policy in Uzbekistan in the Context of Child and Forced Labor Concerns,” last updated January 2017: http://pubdocs.worldbank.org/en/580951496269667203/Uzbekistan-QA-Updated-2017.pdf.

Rights of Indigenous Peoples

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 are also 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.

http://pubdocs.worldbank.org/en/269051485892885586/IOL-Monitoring-Report.pdf

http://pubdocs.worldbank.org/en/580951496269667203/Uzbekistan-QA-Updated-2017.pdf

http://pubdocs.worldbank.org/en/580951496269667203/Uzbekistan-QA-Updated-2017.pdf

Operational Im

pact

31

Rights of Indigenous Peoples (cont.)

The World Bank safeguards 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 August 2016, the World Bank Board of Executive Directors approved a new Environmental and Social Framework for protecting people and the environment in World Bank-financed investment projects, marking the end of a four-year review process that concluded in fiscal 2016. This was the most extensive consultation the World Bank has ever conducted. The World Bank will now implement an intensive preparation and training period (12–18 months) to prepare for the transition to the new framework (expected in calendar year 2018).

The new framework advances the Bank’s existing Indigenous Peoples policy by including Free, Prior, and Informed Consent (FPIC), and by addressing peoples in voluntary isolation, and pastoralists. This provision is well harmonized with those of other International Financial Institutions. The safeguards review included a Global Dialogue and Engagement process with Indigenous Peoples that sought to incorporate Indigenous Peoples in the review and update of the World Bank’s Environmental and Social Framework, as well as to strengthen World Bank support to and engagement with Indigenous Peoples, more generally. The consultations on the framework included several dedicated Indigenous Peoples dialogue sessions, which 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.

For more information on the safeguards review process, see https://consultations.worldbank.org/consultation/review-and-update-world-bank-safeguard-policies.

411-1 Incidents of violations involving rights of indigenous peoples

In fiscal 2016, 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 the Inspection Panel website: http://www.worldbank.org/inspectionpanel.

http://www.worldbank.org/indigenouspeoples

https://consultations.worldbank.org/consultation/review-and-update-world-bank-safeguard-policies

https://consultations.worldbank.org/consultation/review-and-update-world-bank-safeguard-policies

http://www.worldbank.org/inspectionpanel

Operational Im

pact


Human Rights

Social development and inclusion are critical for all the World Bank’s development interventions and for achieving sustainable development for our member countries. For the Bank, inclusion means empowering all people to participate in, and benefit from, the development process. Inclusion encompasses policies to promote equality and non-discrimination by improving the access of all people, including the poor and disadvantaged, to services and benefits such as education, health, social protection, infrastructure, affordable energy, employment, financial services, and productive assets. It also embraces action to remove barriers against those who are often excluded from the development process, such as women, children, persons with disabilities, and youth and minorities, and to ensure that the voices of all are heard. In this regard, the World Bank’s activities support the realization of human rights expressed in the Universal Declaration of Human Rights. Under the projects financed by the Bank, in a manner consistent with its Articles of Agreement, the World Bank seeks to avoid adverse impacts, and will continue to support its member countries as they strive to progressively achieve their human rights commitments.

The World Bank recognizes the importance of human rights principles in development: transparency, accountability, non-discrimination, equality of opportunity, governance, empowerment, participation, and inclusion. These principles are reflected in all projects the World Bank finances. 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 application of 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 an important dimension 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 each proposed project into one of four safeguard categories (A, B, C, or 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 advice on the application of the policies. Depending on the type of project and its safeguard policy category, the Bank project design incorporates such issues as public consultation, environmental and social assessments, Indigenous Peoples’ plans, and resettlement frameworks and/or resettlement action plans. Compliance with these policies forms part of the legal agreements for Bank grants, credits, and loans.

In August 2016, the World Bank’s Board of Executive Directors approved a new Environmental and Social Framework to protect people and the environment in its projects. A 2011 evaluation of the previous framework helped motivate the review and update. The new framework will be launched in 2018 and will contribute to sustainability and development effectiveness in Bank projects and programs by helping to avoid or mitigate harm to people and the environment. For updates, see http://worldbank.org/esf.

http://www.worldbank.org/en/topic/gender

http://worldbank.org/esf

Operational Im

pact

33

412-1 Operations that have been subject to human rights reviews or impact assessments

One hundred percent of the projects financed by World Bank were appraised in accordance with requirements per the Bank’s policies to protect the environment and people 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 application of safeguard policies. Environmental and social risk management, including risk mitigation measures, are also referenced in the project legal agreement, and therefore are part of the contract with the borrower. For details on projects, see http://projects.worldbank.org.

412-2 Employee training on human rights policies or procedures

World Bank environmental and social safeguard policies are a cornerstone of our support of 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 year 2017, 96 hours (35 sessions) of the Bank’s corporate safeguards training program were delivered to 1,297 Bank staff. In fiscal year 2016, 126 hours (21 sessions) of training on safeguard policies were delivered to 600 staff members in Washington, DC. In fiscal year 2015, 144 hours (24 sessions) of training on Bank safeguard policies were delivered to 500 staff members in Washington, DC. In addition, various regional offices hosted training workshops, which are not included in these totals.

412-3 Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening

Environmental and social risk management are part of the contract with the borrower. The World Bank does not include human rights clauses in its contracts and does not screen contracts for human rights. The World Bank is not a human rights-enforcing institution.

http://projects.worldbank.org

http://projects.worldbank.org

Operational Im

pact


Local Communities

The Bank screens all projects proposed for financing to determine the appropriate extent and type of potential impacts on communities and the environment. As each of the proposed projects is screened, it is classified into one of four safeguard categories (A, B, C, or FI) depending on the type, location, sensitivity, and scale of the project, and the nature and magnitude of its potential 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.

If a project is considered to have adverse impacts on a community, the borrower must carry out an environmental and social impact assessment. This impact assessment will consider gender issues as part of its social analysis. The borrower is required to consult on environmental and social impacts and mitigation measures with the communities affected by the project. For meaningful consultations between the borrower and project-affected groups and local NGOs, the borrower is required to provide relevant material in a timely manner prior to consultation, in a form and language that are understandable and accessible to the groups being consulted. For projects with significant risks (category A and B), the Bank discloses the environmental and social assessment. The borrower is required to establish a project-level grievance redress mechanism for all projects with adverse impacts.

413-1 Operations with local community engagement, impact assessments, and development programs

A total of 418 projects were screened in fiscal year 2017, of which 46 were classified as Category A and 153 as B. The rest are distributed among FI, Category C, and PforR (not categorized).

413-2 Operations with significant actual and potential negative impacts on local communities

A total of 418 projects were screened in fiscal year 2017, of which 46 were classified as Category A and 153 as B. The rest are distributed among FI, Category C, and PforR (not categorized).

Corporate Im

pact

35

CORPORATE IMPACTGRI 200 Economic Standard Series

GRI 204: Procurement Practices

Our supply chain impacts are potentially the largest sustainability effects of the World Bank, with annual purchasing of the Bank topping $1 billion. Supply chain was also identified as a key impact area by stakeholders, including Sustainable & Impact investors. The World Bank Corporate Procurement unit is responsible for coordinating and overseeing the sourcing strategy, selection, and contract execution for Bank offices around the globe, including adherence to the Bank’s policies on socially and environmentally responsible corporate procurement policies. Corporate Procurement partnered with Facilities Management in reviewing main categories to align the Bank’s sourcing strategy, selection, and contract execution with those of leading companies working to minimize environmental impact. Assessments of major corporate material purchases (including office construction and renovations, paper, computers, and furniture) are being conducted to strengthen and mandate environmental specifications. The World Bank Group Procurement Review Committee of senior managers reviews all planned procurements valued above $5 million to ensure that socially and environmentally responsible criteria are present from the project’s outset.

204-1 Proportion of spending on local suppliers

The World Bank Group is refining its approach to local vendor screening, leveraging the newly established category management and electronic tendering system. Commodity segmentation has been completed, and the identification and inclusion of local criteria in the screening and evaluation process is underway. The tendering system will capture information on vendors screened versus selected, based on the local criteria. A pilot of this two-prong approach will commence in July 2017.

GRI 300 Environmental Standards Series

GRI 301: Materials

Consumption of materials is minimal in the World Bank’s corporate operations, but nonetheless important. Stakeholders, which include Sustainable & Impact investors, recognized that the materials used in our internal operations and the associated supply chain practices are highly relevant to our business impact.

Key materials include office supplies and electronics purchased to support the work of our staff globally. Reducing the environmental impact of these materials by minimizing consumption and maximizing the use of recycled content and rapidly renewable choices ensures resources are available for future generations. The World Bank identifies products and services with large environmental impacts or those that it procures in large amounts. The Bank then works to identify environmentally and socially preferable alternatives. Quarterly reports from key suppliers reflect the percentage of products that meet key environmental criteria, such as percentage of recycled content, environmental certifications including Energy Star ratings and Forest Stewardship Council (FSC) certification, and other sustainable criteria. We are currently assessing the approach to manage our material inputs and associated supply chains and will have more to report in future years.


301-1 Materials used by weight or volume

As a service organization, the World Bank does not use a large amount of materials to produce or package products; materials input primarily support our office-based environment. This includes the use of office supplies such as paper, information technology equipment, and food-service-related consumables. In fiscal year 2017, the total amount of non-renewable materials used was 235 metric tons, including 43 tons of electronic equipment, 97 tons of office products, and 95 tons of bottled water. In the same period, the total amount of renewable material used was 595 tons, including 550 tons of paper and 45 tons of food-service-related consumables.

301-2 Recycled input materials used

The World Bank is committed to using resources that are made from recycled or rapidly renewable materials for its internal operations. The largest material purchases include paper, office supplies, office furniture, cafeteria napkins, and electronics.

World Bank standard copier and printer paper is 100 percent post-consumer waste recycled content and FSC certified. The Bank tracks the percentage of all paper used at the institution that was made of recycled content. In fiscal year 2017, this amount was 68 percent, up from 62 percent in fiscal year 2016. The Bank also tracks the percentage of paper used that is 100 percent recycled content. In fiscal year 2017, this amount was 64 percent, up from 60 percent in fiscal year 2016.

The Bank also tracks the percentage by weight of all items purchased from our office supply vendor that contain at least 10 percent post-consumer recycled content. In fiscal year 2017, 16 percent of all purchases from the office supply vendor contained at least 10 percent post-consumer recycled content, compared to 22 percent in fiscal year 2016. This decrease was due to the Bank’s use of a managed print service, which eliminated the use of recycled-content printer cartridges in favor of a centralized service provider.

More than 40 percent of our office furniture contains a minimum of 10 percent post-consumer recycled content, and the majority of furniture in use at the World Bank has been refurbished or reupholstered.

In our food services, all cafeteria napkins are made from 100 percent post-consumer recycled paper and produced with a 100 percent bleach-free process. In fiscal year 2017, we purchased six tons of napkins.

We also use sustainability criteria for our information technology purchases to ensure components of our computers, laptops, and monitors are made of recycled input materials. The percentage of recycled components in our technology purchases is not tracked.

Corporate Im

pact

37

GRI 302: Energy

Energy is a key input to the World Bank’s business operations. Stakeholders, which include Sustainable & Impact Investors, consider energy as an important impact from the Bank’s internal 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 result in severe health consequences, and affects the expense-to-business revenue ratio.

The World Bank manages its energy use carefully by tracking use in each owned facility. Quarterly tracking of the Bank’s energy use is evaluated by the Director of General Services. Energy use is evaluated as an absolute figure and on an intensity basis to determine progress. Responsibility for increasing the energy efficiency of the Washington, DC, headquarters campus, with the goal of bringing all owned facilities to Leadership in Energy and Environmental Design (LEED) minimum requirements, falls with the Senior Project Manager in the Bank’s Corporate Real Estate unit.

Data from country offices lag by one year; therefore, fiscal year 2016 data (including that from headquarters) are presented in the GRI Index 2017.

302-1 Energy consumption within the organization

The World Bank purchases natural gas, propane, gasoline, and diesel fuel for combustion onsite. In fiscal year 2016, total global fuel use was 85,557 GJ, compared to 99,041 GJ in fiscal year 2015, 92,793 GJ in fiscal year 2014, and 90,135 GJ in fiscal year 2013.

The portion of this fuel consumption from renewable resources is not tracked, because data from fuel providers are not appropriately detailed. Total global energy use in fiscal year 2016 equaled 495,645 GJ, compared to 538,966 GJ in fiscal year 2015. Offices located in the US used 325,712 GJ, compared to 346,526 GJ in fiscal year 2015, 337. In fiscal year 2016, data collected from the Bank’s 126 offices outside of the US totaled 169,934 GJ of energy, compared to 192,440 GJ in fiscal year 2015.

Energy Consumption (GJ) FY16 FY15 FY14 FY13

Total 495,645 538,966 519,589 548,172

Electricity 404,166 434,087 420,951 425,382

Heating (including natural gas, propane)

17,291 16,195 18,704 25,167

Cooling 0 31 28 48

Steam 5,923 5,807 5,817 7,149

Corporate Im

pact


302-1 Energy consumption within the organization (cont.)

The remainder was from diesel and other fuel consumption for energy generation.

The World Bank does not sell any electricity, heating, cooling, or steam.

Information about World Bank standards, methodologies, and assumptions used, including conversion factors, can be found in the World Bank Group’s Inventory Management Plan for fiscal year 2016.

For more information, see http://worldbank.org/corporateresponsibility.

302-2 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 year 2016, 18,468 GJ stemmed from contractor vehicle use, compared to 18,413 GJ in fiscal year 2015, 21,900 GJ in fiscal year 2014, and 14,636 GJ in fiscal year 2013. Data for fuel use in commercial airliners are not available, as this information is not provided by commercial airlines.

Information about World Bank standards, methodologies, and assumptions used, including conversion factors, are in the World Bank Group’s Inventory Management Plan for fiscal year 2016.

For more information, see http://www.worldbank.org/corporateresponsibility.

302-3 Energy intensity Energy intensity decreased in fiscal year 2016, with the World Bank using 0.81 GJ of energy per square meter, as compared to 0.90 GJ per square meter in fiscal year 2015, and 0.88 GJ per square meter in fiscal year 2014.

This is based on 612,226 total occupied square meters in fiscal year 2016, 596,562 total square meters in fiscal year 2015, and 548,795 total square meters in fiscal year 2014. This ratio includes all energy (onsite combustion fuel, electricity, heating, cooling, and steam) except for energy consumption outside of the organization.

302-4 Reduction of energy consumption

In fiscal year 2017, the Bank undertook efficiency measures that reduced its energy consumption by 879 GJ, predominately through reductions in electricity use.

In our non-US offices, this included the following:

• In our Dhaka, Bangladesh, office, CFL lights were replaced with LED fixtures, reducing electricity use by over 32 GJ per year.

• In our Addis Ababa, Ethiopia, office, solar LED lights were installed in the parking area and security gate, reducing electricity use by over 33 GJ per year.

• In our Juba, South Sudan, office, we installed solar security lighting throughout the compound, reducing electricity use by 172 GJ per year.

• In our Chennai, India, office, we replaced inefficient sodium halide lighting with solar-powered LED perimeter lights, and upgraded other fixtures from CFL to LED, reducing electricity use by 643 GJ per year.

Corporate Im

pact

http://worldbank.org/corporateresponsibility

http://www.worldbank.org/corporateresponsibility

39

302-4 Reduction of energy consumption (cont.)

Reduction reporting is based on major initiatives taken in fiscal year 2017.

Methodologies and assumptions for calculating reductions are specific to each initiative and are sourced from engineering proposals.

GRI 303: Water

Water security is among the top global risks in terms of development impact. The world will not be able to overcome the sustainable development challenges of the 21st century—including human development, livable cities, climate change, food security, and energy security—without improving management of water resources and ensuring access to reliable water and sanitation services. Water was identified as a key impact by stakeholders, including Sustainable & Impact Investors.

Quarterly evaluation of the use of water, like other utilities, is conducted by the Director of General Services. Water use is evaluated both as an absolute figure and on an intensity basis to determine progress. Responsibility for increasing the water efficiency of the Washington, DC, campus, with the goal of bringing all owned facilities to Leadership in Energy and Environmental Design (LEED) minimum requirements, falls with the Senior Project Manager in the Bank’s Corporate Real Estate unit.

303-1 Water withdrawal by source

The World Bank Washington, DC, offices use municipal water supply from the Potomac watershed. In fiscal year 2016, 193,716,752 liters of municipal water was used in our Washington, DC, offices, primarily for domestic and drinking water purposes. No surface water, groundwater, rainwater collected by the organization, or wastewater from other organizations was used in Washington, DC, offices in fiscal year 2016. Of 126 offices outside the US, the total water used could be reported by only 37 offices, due to metering constraints or lack of utility bills from landlords. In fiscal year 2016, this value was 48,185,883 liters. The source of withdrawal is not available for these offices, as this information is not currently collected, but will be in fiscal year 2017. Water use is based on utility bills from the local water utility, DC Water, in Washington, DC, and from utility bills or meters in those non-US offices that can report.

303-3 Water recycled and reused

In fiscal 2017, the Nairobi office established a rainwater collection system to reuse water for landscaping and cleaning external surfaces. Globally three World Bank campuses (Nairobi, Juba, Antananarivo) have water collection and reuse systems. To improve data availability in country offices, systems for improved data collection and reporting are currently being put in place.

Corporate Im

pact


GRI 305: Emissions

Addressing climate change is part of the World Bank’s core mission of helping countries end extreme poverty and boost shared prosperity. Climate change threatens to erode development gains around the world—and its effects are 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 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 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.

In fiscal year 2010, the World Bank set a goal of reducing GHG emissions by 10 percent from owned and managed facilities by fiscal year 2017. As of fiscal year 2016, the Bank was on track to meet this goal. Data from country offices lag by one year, therefore fiscal year 2016 data (including that from headquarters) are presented in the GRI Index 2017. We will continue to work toward reducing emissions further and report on our progress in meeting the 10 percent goal in the GRI Index 2018.

Data from country offices lag by one year; therefore, fiscal year 2016 data (including that from headquarters) are presented in the GRI Index 2017.

305-1 Direct (Scope 1) GHG emissions

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 year 2016, total gross direct (Scope 1) GHG emissions equaled 8,343 mtCO2e, of which 957 mtCO2e were emissions from the Bank’s US facilities. The remaining 7,386 mtCO2e stemmed from offices and vehicle use in our 126 offices outside of the US Base-year (fiscal year 2010) emissions equaled 5,844 mtCO2e. The increase in Scope 1 emissions was due to a slight increase in generator use in country offices.

Corporate Im

pact

41

305-1 Direct (Scope 1) GHG emissions (cont.) Scope 1 emissions (mtCO2e) FY16 FY15 FY14 FY13 Base year

FY10

Direct greenhouse gas emissions

8,343 8,016 9,387 12,094 5,844

US facilities and vehicles 957 1,009 1,181 1,548 1,615

Country office facilities and vehicles* 7,386 7,007 8,152 10,546 4,228

* 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 World Bank Group’s Inventory Management Plan, and no biogenic CO2 emissions. Information on methodology, emissions factors, Global Warming Potential (GWP) rates, and consolidation approach are in the Inventory Management Plan for fiscal year 2016. For more information, see http://www.worldbank.org/corporateresponsibility.

305-2 Energy indirect (Scope 2) GHG emissions

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 year 2016, Scope 2 emissions from the Bank’s global offices continued to decrease, to 46,926 mtCO2e. Base-year (fiscal year 2010) Scope 2 emissions were 60,546 tCO2e. Information on base-year selection is in the Inventory Management Plan.

Scope 2 emissions (mtCO2e) FY16 FY15 FY14 FY13 Base year FY10

Indirect greenhouse gas emissions

46,926 49,950 54,648 55,258 60,546

US 33,569 36,268 40,670 40,841 46,756

Country office* 13,357 13,682 13,979 14,417 13,790

* Includes emissions from purchased steam, chilled water, and electricity.

Corporate Im

pact




305-2 Energy indirect (Scope 2) GHG emissions (cont.)

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 World Bank Group’s Inventory Management Plan, and no biogenic CO2 emissions. Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the Inventory Management Plan for fiscal 2016. For more information, see http://www.worldbank.org/corporateresponsibility.

305-3 Other indirect (Scope 3) GHG emissions

The World Bank measures indirect GHG emissions from air travel by Bank employees, as well as delegate air travel, and other indirect emissions associated with major meetings that the Bank organizes. In fiscal year 2012, the Bank began measuring GHG emissions from contractor-owned vehicles.

In fiscal year 2016, these emissions totaled approximately 106,774 mtCO2e, a slight increase from fiscal year 2015’s emissions of 102,518 mtCO2e. Base-year emissions in fiscal year 2010 equaled 115,545 mtCO2e.

Emissions scopes FY16 FY15 FY14 FY13 Base year FY10

Scopes 1 and 2 (mtCO2e per square meter)

0.090 0.097 0.108 0.116 0.107

Scope 3 (mtCO2e per FTE) 9.35 8.43 8.24 9.5 9.9

Gases included in the calculation were CO2, CH4, N2O, HFCs, and PFCs. There were no known emissions of SF6 or NF3, as detailed in the World Bank Group’s Inventory Management Plan, and no biogenic CO2 emissions. Information on methodology, emissions factors, GWP rates, and consolidation approach are in the Inventory Management Plan for fiscal year 2016. For more information, see http://www.worldbank.org/corporateresponsibility.

305-4 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, pertaining to employee air travel, are normalized per full-time equivalent (FTE) employee.

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 World Bank Group’s Inventory Management Plan. Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the Inventory Management Plan for fiscal 2016. For more information, see http://www.worldbank.org/corporateresponsibility.

Corporate Im

pact





43

305-5 Reduction of GHG emissions

Estimated reduction in CO2, CH4, and N2O emissions from Scope 2 activities from fiscal year 2015 to fiscal year 2016 totaled 2,418 metric tons, including the projects listed below:

Lighting upgrades at headquarters resulted in significant savings of over 2,300 metric tons of CO2e per year. Smaller projects in our offices in Addis Ababa, Juba, Chennai, and elsewhere resulted in savings of around 70 mtCO2e per year.

Reduction reporting is based on major initiatives taken in fiscal year 2016 as related to achieving reductions from the fiscal year 2010 base year. Fiscal year 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.

Methodologies and assumptions for calculating reductions are based on initiative proposals for each reduction project.

GRI 306: Effluents and Waste

The World Bank views reducing effluent and waste production as a material aspect because of the possible negative environmental impacts, which include the release of persistent toxic chemicals through waste disposed of in landfills and through incineration. Bank stakeholders have also raised waste management as an important corporate impact.

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 the Bank manages the amount of waste created. Avoiding 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 year 2016, the Bank continued to pursue efficiencies in the standardization of waste management in its headquarters facilities.

In 2016, standardizing bins in offices and common areas resulted in an increase in diversion rate. All offices in Washington, DC, facilities received a standard bin for both landfill and recyclable waste. A program to improve signage and locations of waste bins, including capturing compostable waste in common areas, was piloted in one of the Bank’s Washington, DC, buildings. Results demonstrated marked success, with the diversion rate increasing by over 15 percent and the amount captured as compostable material drastically increasing. The program will be rolled out to the entire Washington, DC, headquarters campus before the end of 2017. Following this, a waste audit will be carried out and results will be shared in next year’s GRI Index.

306-2 Waste by type and disposal method

Typical waste items from World Bank facilities include paper, bottles, cans, cardboard, food waste, toner cartridges, carpet tiles, and electronics.

Total nonhazardous waste produced by the Bank’s Washington, DC, offices in fiscal year 2017 was 2,020 metric tons, compared to 1,836 metric tons in fiscal year 2016.

Corporate Im

pact


306-2 Waste by type and disposal method (cont.)

Waste streams (tons) FY17 FY16 FY15 FY14

Total nonhazardous waste in Washington, DC

2021 1,836 1,965 1,913

Landfill 794 786 858 822

Recycling * 861 808 935 1,025

Compost 365 242 171 148

* Includes paper, bottles, cans, cardboard, toner cartridges, carpet tiles, and electronics.

The information is provided by the waste-disposal contractor that manages landfill, recyclables, and compostable waste categories; the electronic-waste recycler, subcontracted through the computer electronics provider, provides information on the number of computers and other IT assets recycled yearly. 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 trashcans are not yet available, but will be included in future reports.

No hazardous waste is generated by the World Bank.

GRI 200 Economic Standard Series

GRI 201: Economic Performance

The World Bank values the diversity, health, safety, and security of all our staff working in Washington, DC, and in 140 countries worldwide.

The institution’s diverse workforce brings a wide range of perspectives and experience to bear on poverty-reduction issues and emerging development challenges. Our staff diversity is a strategic business asset that directly contributes to the achievement of our twin goals: reducing extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent of the population in every country where the Bank works.

The FY2017–2019 World Bank Group People Strategy was endorsed by Management and the Board in fiscal year 2017. The strategy was developed taking into account multiple inputs, including (1) the business strategy (articulated in the “Forward Look: A vision for the World Bank Group in 2030”); (2) a retrospective view of progress and lessons learned from the FY2014-2016 Human Resources (HR) Strategy; (3) a review of global workforce trends; (4) benchmarking against comparable institutions; (5) analysis of internal trends and engagement surveys; and (6) insights gathered via an unprecedented level of outreach to Bank leadership and staff. The FY2017-2019 People Strategy articulates a clear vision to (1) build a workforce with the right skills, in the right place, at the right time who can offer the best development solutions to our clients; and (2) be the best place to work in development.

Corporate Im

pact

45

GRI 201: Economic Performance (cont.)

To achieve that vision, the People Strategy identified five strategic areas of focus and three cross-cutting themes. Areas of focus include: (1) leverage the World Bank’s global and diverse talent; (2) build and develop managerial and leadership capacity; (3) strengthen performance and rewards; (4) promote the health, safety, and wellbeing of our people; and (5) improve the World Bank’s organizational effectiveness. Cross-cutting themes include: (1) focus on the HR fundamentals—strengthen policies, processes, platforms, and support that underpin everything HR does; (2) strengthen support in fragility, conflict, and violence (FCV) situations; and (3) advance diversity and inclusion. To ensure successful delivery of the new People Strategy, HR developed a robust implementation plan, which was endorsed by the Board in January 2017. Implementation is well underway.

201-3 Defined benefit plan obligations and other retirement plans

The World Bank offers its staff defined benefit plans. Participation in the pension plan is mandatory. The Staff Retirement Plan (pension) and Retired Staff Benefits Plan (medical) assets are held in separate irrevocable trusts, and the Post Employment Benefit Plan assets (other benefits) are included in IBRD’s investment portfolio. The assets of the plans are used for the exclusive benefit of the participants and their beneficiaries, and represent the accumulated contributions paid into the plans net of benefit payments, together with the accumulated value of investment earnings, net of related expenses.

201-3 Defined benefit plan obligations and other retirement plans (cont.)

The World Bank is a responsible long-term investor; therefore, the plans’ investments incorporate consideration of material environmental, social, and governance (ESG) factors across asset classes. This is in accordance with the fiduciary standard applicable to the administration and investment of plan assets. ESG awareness promotes responsible investment practices among external managers. Examples of this approach include due diligence on external managers on how they account for, manage, and report on relevant ESG risk factors such as environmental practices, worker safety and health standards, and corporate governance, as well as long-term issues such as climate change, resource scarcity, and others. This review resulted in various managers being motivated to enhance and formalize their ESG policies and practice.

The employer contribution to the pension plan is based on a specified funding methodology and varies from year to year in response to changes in the plan’s financial position. Participants in the gross plan (closed plan) contribute 7 percent of the pensionable gross salary. Participants in the net plan (open to new entrants) contribute 5 percent of their net salary to the mandatory cash balance component. Participants in the net plan may choose to contribute up to an additional 6 percent of their net salary to the cash balance.

As of June 30, 2017, the value of accrued pension liabilities for IBRD/IDA was $17.7 billion, supported by assets of $16.8 billion held in a trust. The funded ratio (assets over liabilities) was 94.5 percent.

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 standards (ASC 715).

Corporate Im

pact


GRI 202: Market Presence

For details, please see Management Approach for Economic Performance GRI 201 above.

202-1 Ratios of standard entry level wage by gender compared to local minimum wage

To recruit and retain highly qualified staff, the World Bank has developed a compensation and benefits system designed to be internationally competitive, reward performance, and consider 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 based on a Board-approved methodology that entails 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 for job positions for Washington, DC, staff, which comprises almost 60 percent of total staff. For staff in offices outside the US, compensation programs are developed based on local market practices consisting of private sector firms, and representative quasi-public and nonprofit organizations. The grading system and benchmark job positions in country offices follow the same framework as in Washington, DC. Globally, World Bank salary structures do not differentiate by gender. Remuneration of executive management, Executive Directors, and staff are disclosed in the World Bank Annual Report. For more information, see www.worldbank.org/en/about/annual-report.

202-2 Proportion of senior management hired from the local community

Out of all 541 managers (professional grade GH+) on board in fiscal year 2017, nationals of countries defined as Part II (roughly equivalent to developing countries) accounted for 43 percent of management positions. In fiscal year 2016, 44 percent of the 526 managers were nationals of Part II countries. (The staff and management grade scale ranges from GA through GK.)

Sub-Saharan African and Caribbean nationals, a criterion used as a proxy for race, represented 12 percent of management positions in fiscal year 2017. This has remained the same since fiscal year 2016. For information about the Bank’s career tracks, see www.worldbank.org/jobs.

Corporate Im

pact

http://www.worldbank.org/en/about/annual-report

http://www.worldbank.org/en/about/annual-report

http://www.worldbank.org/jobs

47

GRI 400 Social Standards Series

GRI 401: Employment

To be the best place to work in development, the World Bank needs an Employment Value Proposition (EVP) that attracts, motivates, and retains staff with the critical skills, mindsets, and behaviors to fulfill the mission. The EVP, which was articulated in the FY2017–2019 World Bank Group People Strategy, is centered around five core elements: people, organization, work, opportunity, and rewards. 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 in the world.

Bank staff members come from over 170 countries—their diversity and global reach is unparalleled among international financial institutions and other development organizations. Bank staff include economists, educators, environmental scientists, financial analysts, foresters, agronomists, engineers, information technology specialists, social scientists, and so on, and they offer clients a unique combination of global expertise and local knowledge. To capitalize on these comparative advantages requires an understanding of where the business is headed and the skills mix required, coupled with the ability to identify, grow, and deploy talent in a proactive and deliberate way, as envisioned under the People Strategy.

Supporting a positive and respectful work environment not only assists the Bank in retaining the world’s top talent, it allows the workforce to be more productive. Due to its immunities from most national courts, the Bank provides staff comprehensive grievance mechanisms to address and resolve workplace issues using informal and formal services. These services encourage collaboration among staff, provide space for the effective management of conflict, and increase the Bank’s capacity to build and retain a globally representative workforce.

401-1 New employee hires and employee turnover

In fiscal year 2017, 1,249 full-time staff were hired, as compared to 1,418 in fiscal year 2016. The rate of new employee hires equaled 11 percent (12 percent in 2016). Of those hired, 49 percent were hired in non-US offices, and 52 percent were female.

In fiscal year 2017, 754 staff left the Bank—a turnover rate of 6.5 percent (of which, 2.4 percent was voluntary). In fiscal year 2016, 1,920 staff left the Bank—a turnover rate of 16.4 percent, partly due to the phasing out of 1,029 extended-term consultant and temporary appointments. In fiscal year 2017, 32 percent of employees who left the Bank were located in non-US offices, and 50 percent were female.

Corporate Im

pact


401-1 New employee hires and employee turnover (cont.)

Staff hired FY17 FY16 FY15 FY14

Number % of Total Number % of Total Number % of Total Number % of Total

United States 634 51% 795 56% 656 61% 1,077 61%

Female 333 27% 425 30% 337 31% 558 32%

Male 301 24% 370 26% 319 30% 519 29%

Non-US offices 615 49% 623 44% 416 39% 693 39%

Female 320 26% 319 22% 225 21% 346 20%

Male 295 24% 304 21% 191 18% 347 20%

Total Hires 1,249 1,418 1,072 1,770

Of which Female 653 52% 744 52% 562 52% 904 51%

Of which Male 596 48% 674 48% 510 48% 866 49%

Staff Terminated FY17 FY16 FY15 FY14

Number % of Total Number % of Total Number % of Total Number % of Total

United States 515 68% 1,293 67% 963 64% 1,039 63%

Female 263 35% 702 37% 526 35% 559 34%

Male 252 33% 591 31% 437 29% 480 29%

Non-US offices 239 32% 627 33% 546 36% 609 37%

Female 115 15% 331 17% 268 18% 310 19%

Male 124 16% 296 15% 278 18% 299 18%

Total Terminations 754 1,920 1,509 1,648

Of which Female 378 50% 1,033 54% 794 53% 869 53%

Of which Male 376 50% 887 46% 715 47% 779 47%

Corporate Im

pact

49

401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

The World Bank is committed to providing benefits that respond to staff needs globally and are aligned with best practices in other international financial institutions and similar organizations. Bank benefits include 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 full-time staff or short-term consultants/temporaries) and the position’s location, at headquarters, in Washington, DC, or in one of the 140 countries with Bank operations.

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 determine changes to the salary structure.

Benefits for staff on open-ended or fixed-term 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 bene-fits. The plans cover the staff member, one spouse or domestic partner, and dependent children or stepchildren 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 and their dependents may elect to receive continuation of their medical, dental, vision, and pharmacy coverage for up to 36 months at their own cost (retirees may continue individual coverage indefinitely).

• Staff with child planning expenses not covered under the medical benefits plan, such as expenses related to adoption, surrogacy, or the freezing of genetic materials, can seek reimbursement (up to a specified amount) for eligible child planning costs for up to two events in a lifetime. The benefit amount is tied to a percentage of salary.

• 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. Staff must first exhaust any accrued sick leave before disability pay starts. If a staff member remains disabled beyond the 24-month period, long-term disability benefits are provided at 70 percent of salary until the earliest of retirement, death, or recovery from disability. While staff are on long-term disability, medical coverage and pension contributions are 100 percent paid by the Bank.

• 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, with 100 percent pay).

Corporate Im

pact


401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees (cont.)

• In fiscal year 2015, the mandatory retirement age for staff on board and future staff increased from age 62 to age 67. The normal retirement age for staff on board on December 31, 2015, remains age 62, and it increased to age 65 in fiscal year 2016 for staff hired after December 31, 2015. The Bank offers a variety of options to help staff save and plan for retirement. 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; and (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 voluntarily increase contributions to as high as 11 percent of net annual salary. In addition to the SRP, Washington, DC-based staff can voluntarily participate in a 401(k) plan. Effective January 1, 2015, staff located outside the US could elect to participate in the Country Office Savings Plan.

• 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.

• In addition, internationally recruited staff in the US receive a mobility premium. Staff outside the US, not located in their home country, receive relocation and resettlement benefits to assist with global mobility.

• 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, up to a maximum of $250,000, while on official Bank business travel. They are also eligible for limited medical expense coverage while on official Bank business for emergency medical care.

Corporate Im

pact

51

GRI 403: Occupational Health and Safety

The World Bank is committed to its staff and their wellbeing, safety, and security, recognizing the complexities of the challenging environment where they work. We appreciate the value of the rich, diverse perspectives that staff bring, paramount to our success as a global knowledge organization. About 70 percent of employees travel throughout the world to serve our global clients, thus the institution considers appropriate and accessible health care through international vendors, regional health advisors, and onsite clinic facilities as an important service component. Promoting the health, safety, and wellbeing of staff is one of the focus areas of the FY2017–2019 People Strategy. In this area, key highlights include: (1) developing a phased, five-year strategy to enhance the culture of health; (2) improving pre-deployment health and resiliency briefings for relocating staff; (3) enhancing outreach and remote capacity for staff in non-US offices, particularly in FCV situations, improving occupational health, and safety, and so on.

The Health Services Department (HSD) serves the World Bank workforce by protecting and promoting people’s health, wherever they may be, based on individual health status and risks, the working and general environment, and job demands. In a new Health and Wellness Program launched in fiscal year 2018, the Bank has appointed vendor partners to expand Health, Safety, and Wellbeing support for staff. This includes a personal health risk assessment and management program for staff (including online risk assessment and health advice, personal health coaching, and chronic disease management), and an expanded onsite clinic providing full primary care and referral services for staff and retirees, and their dependents.

The World Bank is also committed to creating a supportive workplace for people with disabilities that enables them to fulfill their job responsibilities while fully using and developing their capacities. The Health Services (HS) Occupational Health Unit (OHU) is the lead unit in determining workplace accommodations for disability. Reimbursement of accommodation costs is facilitated by the centrally funded Disability Accommodation Fund (DAF), managed by HS.

The World Bank Occupational Health and Safety Committee (OHSC), which reports to Management, is tasked with developing, implementing, and overseeing an occupational health and safety management system that applies to Bank employees worldwide.

403-1 Workers representation in formal joint management-worker health and safety committees

The World Bank’s OHSC 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 offices outside the US, Health Services and other parts of HR, Facilities Management, Security, Fire and Safety, Legal, Procurement, Corporate Responsibility, the Staff Association, and Budget and additional specialists and members as required. To address staff’s concerns, the committee forms multidisciplinary ad hoc working groups, such as a working group for air pollution, which developed guidelines for staff and managers in country offices where air quality is a recognized health hazard.

To address global health issues, the committee collaborates with the United Nations (UN) and other international organizations. The committee has also approved several OHS initiatives such as the Automated External Defibrillator (AED) program and Staff Road Safety, for which a survey was launched in fiscal year 2017. Analysis of the survey results will serve as input for the ongoing work of improving procedures and the current Staff Road Safety Directive. In addition, the OHSC has provided concept approval of an OHS Incident/Accident Reporting system and the use of the Online Learning Campus for OHS learning. The OHSC includes both management and staff representation.

Corporate Im

pact


403-2 Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities

A third-party partner program (the REED Group) and HSD monitor Worker’s Compensation claims as accidents and report statistics. Data analysis and interpretation are limited to ad hoc reports, and quarterly and annual aggregate REED Group reporting. 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, the incidence rate in fiscal year 2016 was 0.58. Data are not yet available for fiscal 2017, or by region or by gender.

GRI 404: Training and Education

The Open Learning Campus (OLC) is a single destination to accelerate development solutions through learning for World Bank Group staff, clients, and global partners. OLC offers a broad range of learning resources via Talks, Academy, and Connect. It currently houses over 9,500 courses and continues to expand. As of June 30, 2017, 87 percent of staff had attended at least one learning session.

The OLC was launched by President Jim Yong Kim in January 2016 with a dual mandate to provide a platform (1) to provide continuous learning for staff to remain cutting edge; and (2) where staff and clients can co-create solutions to complex development challenges. The OLC is managed by the Global Theme – Knowledge Department and services key learning divisions of the Bank (HR, OPCS, Finance, ITS, Technical, Corporate, and Leadership) as well as IFC and MIGA.

All learning on the OLC is evaluated for scale and impact. On the staff side, we evaluate all classes entered in OLC that are greater than or equal to one day. All classes that are less than a day can be selected by course catalog builders for evaluation as needed. On the client side, we evaluate all learning programs, and regularly inform senior management, including through three-year trend analysis, to guide programs, course corrections, and learning innovations. For more information about OLC, see https://olc.worldbank.org/staff-learning .

404-1 Average hours of training per year per employee

In fiscal year 2017, the World Bank delivered 1,653 courses and 60,710 days of learning. Thirty-two percent of the training days were delivered either in offices outside the US or via location-neutral formats such as e-learning and webinars.

Eighty-seven percent of the salaried workforce attended at least one learning event in fiscal year 2017, not including the corporate mandatory programs: 87 percent based in non-US and 87 percent at headquarters, in Washington, DC. These individuals attended the equivalent of 46,435 days of training, averaging 3.9 days per staff member, with 4.2 in days taken by staff based in offices outside the US and 3.7 days taken by Washington, DC-based staff. This is a 21 percent increase over fiscal year 2016, when the total participant training days taken by staff was 38,502 training days.

Corporate Im

pact

https://olc.worldbank.org/staff-learning

53

404-1 Average hours of training per year per employee (cont.)

All staff 2017 2016 2015

Days Hours Days Hours Days Hours

Average training 3.9 31.2 3.4 26.9 3.4 26.9

Of which Female 4 31.9 3.4 27.6 3.5 27.7

Of which Male 3.8 30.5 3.3 26.2 3.3 26.1

Breakdown by Days Hours Days Hours Days Hours

Support Staff average 2.5 20 2.4 19.2 2.7 21.6

Of which Female 3 24 2.8 22.4 3.3 26.4

Of which Male 1.5 12 1.6 12.8 1.5 12

Analyst Grade average 3.1 24.8 3.1 24.8 2.5 20

Of which Female 3.4 27.2 3.1 24.8 2.7 21.6

Of which Male 2.8 22.4 3.1 24.8 2.2 17.6

Specialist Grade average 4.8 38.4 4 32 3.8 30.4

Of which Female 4.9 39.2 4 32 3.8 30.4

Of which Male 4.7 37.6 3.9 31.2 3.9 31.2

Lead Grade average 3.6 28.8 2.9 23.2 3.4 27.2

Of which Female 3.7 29.6 3.2 25.6 3.4 27.2

Of which Male 3.5 28 2.7 21.6 3.4 27.2

Consultants average Not Available 2.3 18.4 3.3 26.4

Of which Female 3 24 3.4 27.2

Of which Male 1.5 12 3.1 24.8

Special Assignments (JPO, JPA, SPAS) average

4.6 36.8 4.7 37.6 4.9 39.2

Of which Female 5.2 41.6 5.1 40.8 5.5 44

Of which Male 4.3 34.4 4.4 35.2 4.3 34.4

Corporate Im

pact


404-1 Average hours of training per year per employee (cont.)

In fiscal year 2017, investment in staff learning increased by 6 percent over fiscal year 2016 and by 6 percent from fiscal year 2015 levels. In addition, the World Bank invested $68.9 million in staff learning, of which 36 percent was spent on developing and delivering learning activities, and 64 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.

404-2 Programs for upgrading employee skills and transition assistance programs

HR learning programs boost staff’s professional skills to help them perform more effectively and achieve greater impact for personal and professional growth, mobility, and career development. This improves their ability to meet future business needs and therefore their employability. Program offerings facilitate the application of technical skills in culturally diverse contexts through communications skills (writing, public speaking, language acquisition, and cross-cultural competency) and business skills (collaboration and communities, influence and negotiation, team building, analytical skills, and client engagement). These are the professional skills needed to work with others and apply technical skills effectively. The programs combine modalities of learning, such as face-to-face classes both in the field and in Washington, DC, webinars, online discussions, and self-paced e-learning. The combination of formal and peer-to-peer learning in various communities ensures continuous learning and relevance to staff’s needs and challenges. The business model is designed to upgrade professional skills of more than 3,000 staff per year and to stay agile by monitoring changing business needs and constantly improving the relevance, quality, and impact of our programs.

In practice since fiscal year 2014, formal leadership and management development programs continue to support leaders and staff across the Bank to strengthen skills to help them be more effective in their role. This includes role-based programs, for example, Director Leadership Program, Senior Leadership & Management Program, Mastering Leadership and Management (for new managers), Managing Roles of Country Directors and Country Managers, and Supervisors’ Program, as well as open enrollment-based programs, for example, Strengthening Leadership Skills. Executive Coaching is also available for managerial cadre and senior non-managerial staff. All managers across the World Bank are also invited to monthly Managing@WBG, peer learning, and webinar series to enhance understanding of institutional policy and to exchange people management practices.

Also, in fiscal year 2015, HR established a transition support program to assist staff whose jobs could be at risk due to reorganization and evolving business needs. The program works together with relevant Bank units responsible for pensions, tax issues, benefits, and health services, among others, and is delivered in partnership with external vendors. The program team meets with staff individually and in groups to explain the exit process, ensure that affected staff receive the support they need, and inform them about available services, such as individual coaching on job searches and career management, by an internal team of career consultants or an outplacement vendor.

Corporate Im

pact

55

404-2 Programs for upgrading employee skills and transition assistance programs (cont.)

An internal website serves as the central repository for information for staff about transition support services. In addition, a monthly series of seminars on career and job-search related topics, such as resume writing, interviewing, networking, and career planning, is offered on an open enrollment basis to all staff. These seminars serve not only staff who are exiting the Bank, but also those who are moving within the organization. Many of these seminars are also provided in webinar and e-learning formats to better serve our geographically dispersed workforce. The team also works with managers to equip them with a thorough understanding of the Bank’s ending-employment process and better prepare them to manage exits.

404-3 Percentage of employees receiving regular performance and career development reviews

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 is based on objectives agreed on with the staff’s manager at the start of the year cascading from the level above, and assesses achievements against those objectives, strengths, and areas for improvement, as well as future development needs. The World Bank encourages ongoing feedback about the staff member’s work program; this takes place throughout the performance year and includes a formal mid-year check-in. The annual conversation also touches on plans for the upcoming performance cycle and training needs. The Performance Management Process is outlined in the Staff Manual 5.03.

In fiscal year 2017, at the World Bank, 96 percent of staff completed fiscal year 2016 end-year evaluations, 72 percent of staff completed fiscal year 2017 objectives, and 96 percent of staff completed fiscal year 2017 mid-year evaluations on time. During the fiscal year 2016 end-year evaluations, 96 percent of women and 96 percent of men completed the regular performance evaluation process. During the 2017 mid-year review, 90 percent of staff indicated they had a performance conversation with their supervisor; this included 90 percent of women and 89 percent of men.

In addition to the regular performance evaluations, an annual development-focused talent review is undertaken by management to give the organization a better understanding of the skills and aptitudes of staff, and, importantly, to identify next steps for the staff’s professional development, including targeted learning programs, stretch assignments, or rotations to other business units, as well as readiness to take on greater responsibilities.

Corporate Im

pact


GRI 405: Diversity and Equal Opportunity

The World Bank is committed to creating a workplace where everyone is valued, where differences are respected and celebrated, and where opportunity and equitable treatment is afforded to all. Ensuring diversity and inclusion are integrated into our daily work means creating a positive culture through practices that recognize, value, and harness what makes every individual unique in the broader sense, and by acknowledging and respecting differences, including nationality, gender and gender identity, race, religion, ethnicity, age, sexual orientation, disability, and educational background.

Beyond the moral imperative, empowering others and respecting differences is much more than part of our institution’s core values: it makes good business sense. A diverse staff mirrors the diversity of the clients we serve and the partners we work alongside around the world, and that reflection is key to our credibility as an institution seeking equity and opportunity for all. In addition, it has been demonstrated that a diverse staff stimulates the creativity and innovation our clients expect, drawn from the collective energy of individual experience, knowledge, and perspectives.

World Bank staff in 140 countries 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 acknowledged diversity of our staff allows the Bank, the world’s leading development organization, to attract, retain, and grow the finest talent from the broadest span of different backgrounds possible. When we leverage the diversity and perspectives of all our talent, the solutions that we offer—through our projects, programs, and assistance—are those that will meet our clients’ development goals.

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 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. These 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. The World Bank manages these commitments and directives through an integrated approach that focuses on three pillars: advocacy (demonstrate leadership and build partnerships), accountability (set goals and measure outcomes), and inclusion (embed diversity and inclusion into talent processes and create an inclusive environment).

The World Bank measures the effectiveness of its efforts through Diversity and Inclusion Compacts, which establish both diversity and inclusion targets and identify specific actions to achieve the targets. The diversity targets include parity in management by gender and country part (Part I versus Part II—roughly equivalent to developed and developing countries, respectively), as well as by gender among full-time staff at professional grades (grade GF+) in non-managerial roles. An additional institutional target is 12.5 percent for Sub-Saharan African (SSA) and Caribbean (CR) nationals among full-time staff at professional grades (grade GF+).

Corporate Im

pact

57

GRI 405: Diversity and Equal Opportunity (cont.)

Inclusion targets are derived from staff responses on the annual engagement survey, which includes a set of questions comprising the Inclusion Index. The World Bank Compact, which is signed by the President and his senior team, is cascaded through all vice-presidential units. Progress against the Compact targets and actions are reported monthly and reviewed quarterly. In addition to the Compacts, actions to improve staff perceptions on the engagement survey, including the Inclusion Index, are developed and tracked at the World Bank and vice-presidential unit level.

405-1 Diversity of governance bodies and employees

On the World Bank Boards of Governors and Board of Executive Directors, representatives are determined by member countries. Of the 25 Executive Director Board members, five were women in fiscal year 2017. For more information about the Boards, see http://worldbank.org/about.

Nationals of Part II countries accounted for 43 percent of staff in management positions. Women accounted for 39 percent of staff in management positions, and for 44 percent of full-time staff at professional grades (grade GF+) in technical positions. SSA and CR nationals represent 13 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, whereas SSA and CR nationality has served as the proxy for race, specifically for Black staff.

The HeForShe solidarity movement for gender equality, created by UN Women, provides a systematic approach and targeted platform where a global audience can engage and become change agents for the achievement of gender equality in our lifetime. To commemorate the 2017 International Women’s Day, President Jim Yong Kim was recognized as the Inaugural HeForShe Thematic Champion for International Financial Institutions for committing to close the gender gap within Management by 2020. The other commitments made for the organization were:

• Achieve the gender parity target for women and men in technical fields by 2022.

• Achieve the second level of EDGE (Economic Dividends for Gender Equality) certification by 2020.

• Implement, in operations, the action plan encompassing recommendations coming from the Global Gender-based Violence Task Force.

Corporate Im

pact

http://worldbank.org/about


405-2 Ratio of basic salary and remuneration of women to men

In fiscal year 2017, the World Bank Group Development Research Group, in collaboration with the Gender Cross-Cutting Solution Area and Human Resources, completed a landmark study: “Compensation, Diversity, and Inclusion at the World Bank Group.” This study leveraged 25+ years of HR data to explore the issue of pay parity among Bank populations, including by gender. Key results included the observation that we have an aggregate salary gap between genders, but that the gap has decreased significantly over the 25+ years of the analysis. The aggregate salary gap is mainly caused by the gender composition of different grades at entry. The study is currently being disseminated. Key follow-up action items include the production of a report that HR and managers will use to address compensation outliers and more closely monitor salary parity upon entry to the institution. In fiscal year 2018, the World Bank Group will examine a standard indicator to monitor pay parity by gender and grade level, and aims to include this in fiscal year 2019 GRI reporting.

GRI 406: Non-discrimination

The World Bank Group 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, as detailed in the Code of Conduct.

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. A summary of the Code of Conduct is available in nine languages. There is a separate Code of Conduct for Board officials. Business partners are informed of ethics expectations through a separate document. 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 World Bank Group Staff Rules as a condition of employment.

Due to its immunities from most national courts, the Bank provides staff comprehensive grievance mechanisms to address and resolve workplace issues through informal and formal services. These services encourage collaboration among staff, provide space for the effective management of conflict, and increase the Bank’s capacity to build and retain a globally representative workforce.

Most workplace issues are addressed and resolved using the informal core services of the Internal Justice Services (IJS). The informal services include the Respectful Workplace Advisors (RWA) Program, Ombuds Services (OMB), and Mediation Services (MEF). Peer Review Services (PRS) is a core formal service that uses a panel of peers to determine whether the Bank’s actions are consistent with the staff member’s contract of employment and/or terms of appointment. The results of the hearings, conducted by a panel of peers, results in a recommendation that is then shared with the line Vice President for his or her approval. In fiscal year 2017, a two-tier Administrative Review and Performance Management Review was implemented to address performance management issues (performance evaluations, salary review increases, Opportunity to Improve) in a more efficient and expeditious manner.

Various offices within the IJS provide evaluations to staff who retain its services. These offices include MEF, PRS, and the Ethics and Business Conduct (EBC) Vice Presidency. In fiscal year 2017, the evaluations and the input of stakeholders was examined as part of a formal Metrics Review. The outcome of the review and its recommendations will be shared with stakeholders and implemented in fiscal year 2018. In addition to the Metrics Review, the IJS will disseminate its first integrated IJS Annual Report in fiscal year 2018.

Corporate Im

pact

59

406-1 Incidents of discrimination and corrective actions taken

In fiscal year 2017, EBC reviewed seven allegations of discrimination. These included alleged instances of discrimination based on race, nationality, religious/creed, and gender. None of these allegations resulted in a report of investigation or finding of misconduct.

EBC recognizes that discrimination can be hard to prove because of its nature, which is often covert and subtle, and because of the “clear and convincing” standard of proof required of this and other serious allegations of misconduct pursuant to the World Bank Group’s Administrative Tribunal jurisprudence. EBC, therefore, is reviewing the process by which the Bank Group addresses alleged discrimination, to make it easier for staff members to successfully bring forward a claim of alleged discrimination, increase the effectiveness of EBC reviews, and provide more support to potential victims.

Organizational Information and Lending Data Appendixes

Documents

Transcript of Organizational Information and Lending Data Appendixes