(Washington, DC: World Bank, 2023-09-28)
This annual report, which covers the period from July 1, 2022, to June 30, 2023,
has been prepared by the Executive Directors of both the International Bank for
Reconstruction and Development (IBRD) and the International Development
Association (IDA)—collectively known as the World Bank—in accordance with
the respective bylaws of the two institutions. Ajay Banga, President of the World
Bank Group and Chairman of the Board of Executive Directors, has submitted
this report, together with the accompanying administrative budgets and audited
financial statements, to the Board of Governors.
(Washington, DC: World Bank, 2021-03-29)
World Bank Group President David Malpass acknowledged the importance of the United Kingdom within the World Bank Group. He spoke about the Coronavirus (COVID-19) which descended on the poor like wildfire. He highlighted the Bank's approach to the interlinked crises of green, resilient, inclusive development (GRID). The World Bank is working to help countries build “Country Platforms” to engage with wider groups of development actors as they develop the programs with Bank support. He focused on three of the most pressing challenges of climate, debt, and inequality. There is a need for integrated, long-run strategies that emphasize green, resilient, and inclusive development. He concluded we can generate a recovery that ensures a broad and lasting rise in prosperity especially for the poorest and most marginalized.