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Publication
World Bank Annual Report 2023: A New Era in Development
(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. -
Publication
The World Bank Annual Report 2022: Helping Countries Adapt to a Changing World
(Washington, DC : World Bank, 2022)The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submit the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors. -
Publication
Is Preschool Good for Kids?
(Washington, DC, 2013-04)How can we help kids reach their full potential? Experts know that the first years of life are crucial to healthy development. And that's just the start. Children need regular mental and physical stimulation along with healthcare and proper nutrition to keep their development on track. Preschool programs are a great way to give kids the educational building blocks to help them learn and prepare for primary school. But in low-income countries, parents don't always have the opportunity: governments haven't invested in preschools; private sector offerings may be too pricey or not close by; and parents may not understand the benefits. Children need regular mental and physical stimulation along with healthcare and proper nutrition to keep their development on track. Preschool programs are a great way to give kids the educational building blocks to help them learn and prepare for primary school. But in low-income countries, parents don't always have the opportunity: governments haven't invested in preschools; private sector offerings may be too pricey or not close by; and parents may not understand the benefits. -
Publication
IFC Annual Report 2012 : Innovation, Influence, Demonstration, Volume 2. Results
(Washington, DC: World Bank, 2012)This annual report of the International Finance Corporation (IFC) summarizes the innovation and leadership roles in the private sector during fiscal year 2012. The IFC invested a record $20.4 billion in 103 developing countries, reflecting a doubling of annual commitments over the last five years. Those investments included nearly $5 billion mobilized from other investors, and an investment for Sub-Saharan Africa totaling $2.7 billion, nearly twice as much as five years ago. The advisory services program expenditures grew to $197 million, up more than 50 percent over the last five years. Advisory services also helped 33 client governments introduce 56 investment-climate reforms that will improve access to basic services for more than 16 million people. IFC investment clients helped support 2.5 million jobs in 2011 and made 23 million loans totaling more than $200 billion to micro, small, and medium enterprises. Net income before grants to the International Development Association (IDA) totaled $1.66 billion. The IFC has invested more than $23 billion in IDA countries, nearly $6 billion of it in fiscal year 2012 alone. -
Publication
Address to the Board of Governors
(World Bank, Washington, DC, 1968-09-30)In his first public speech as President of the World Bank, Robert S. McNamara stressed that the Bank faced the question of what action the Bank, as a development organization, needs to take to overcome the recent mood of frustration and failure among developing countries and donors. He noted that Lester Pearson will lead an independent commission on the state of development aid. In the meantime, McNamara vowed that the Bank can and will act, and it will provide leadership in development planning. He proposed that the Bank Group double lending over the next five years, directed at developing national economies, stimulating growth, and aiding the poorest nations which need the most help. Some of this effort will be funded by a dramatic increase in Bank borrowing. Additionally, he note the need for more international representation among the Bank’s staff to really be an International Bank. He called for changes in resource allocation to geographic areas and economic sectors. Aid to the regions of Latin America and Africa will rise relative to South Asia. He advocated increased focus to Education and Agriculture. He called for new initiatives to control population growth. He proposed three courses of action. First, make it clear to developing countries how the rapid growth of the population slows down their development potential. Second, look for opportunities to fund facilities for its members to carry out their programs of family planning. Third, join forces with others in research programs to determine the methods of the most effective family planning and national administration of population control programs.