Publication: The World Bank Annual Report 2003: Volume 2. Financial Statements and Appendixes
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2003
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2013-06-13
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The World Bank Annual Report for 2003, reviews the strategy and action pursued by the Bank, based on the Strategic Framework, and Strategic Directions (and Management Action Plan), focused on meeting the development challenges embodied in the Millennium Development Goals (MDGs). To this end, the Bank sharpened its policies, programs, and instruments to support its central mission of reducing poverty, through improved performance monitoring, and management, and improved harmonization of operational policies, procedures, and practices among donors. The Bank also considered other issues, such as its role in the reconstruction of Iraq, the introduction of the grants component in the 13th Replenishment of the International Development Association (IDA), the Operation Evaluation Department's (OED) review of the Heavily Indebted Poor Countries (HIPC) Initiative, and, market access for exports from developing countries. Methods for combating terrorism, and money laundering were also considered during the period under review. The document presents thematic (and regional) perspectives based on two pillars - poverty reduction and economic management - and how to invest in people, towards an environmentally, and socially responsible growth, that supports private sector development, infrastructure development, financial management, and, promotes appropriate legal and judicial systems. The second Volume presents the financial statements for the period July 1, 2002 to June 30, 2003, reporting development activities (loans, guarantees, and other activities), including liquidity management, funding resources, and financial risk management.
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“World Bank. 2003. The World Bank Annual Report 2003: Volume 2. Financial Statements and Appendixes. © World Bank. http://hdl.handle.net/10986/13930 License: CC BY 3.0 IGO.”
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Chapter 3 examines the thematic issues the Bank is tackling, such as addressing the social, institutional, and economic dimensions of poverty; investing in people; supporting private sector development; building strong financial systems; and building effective legal and judicial systems. Chapter 4 discusses the Bank's role in fighting poverty and aiding development region by region. Chapter 5 looks at Bank project performance. Chapter 6 focuses on Bank partnerships, Chapter 7 sums up approved projects, and Chapter 8 provides organizational information. This report is in 2 volumes. Volume 2 comprises the complete Management's Discussion and Analysis, audited financial statements, and appendices.Publication The World Bank Annual Report 2002(Washington, DC, 2002)This annual report covers the period from July 1, 2001, to June 30, 2002, and is prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The first of two volumes discusses the World Bank's goals and strategies; overviews Bank activities in fiscal year 2002; examines progress on the Millennium Development Goals and project and loan performance; addresses the social, institutional, and economic dimensions of poverty; presents regional analyses of Bank operations; and provides organizational information. 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The Report discusses the following topical highlights: Debt relief for the poorest countries; targeting development in Africa; addressing governance and anticorruption issues globally; improving partnerships with the international community; quick responses to potential avian flu outbreaks; and disaster relief. There were 112 IBRD projects totaling $14.1 billion. The top three sectors for lending were Law and Justice and Public Administration; Transportation; and Energy and Mining. As for IDA concessional lending, 167 projects totaled $9.5 billion. The top three Sectors were Law and Justice and Public Administration; Transportation; and Health and Other Social Services. Non-lending Activities comprises 307 technical assistance activities; and 601 economic and sector work products. There were 16 major evaluations by the Independent Evaluation Group reviewing the Bank's performance on a range of activities including country assistance, debt relief, development effectiveness, middle-income countries, post-disaster assistance, and trade. More than 150 publications were issued, including Global Development Finance 2006, Global Monitoring Report 2006, World Development Indicators 2006, and World Development Report 2006: Equity and Development. While country-led poverty reduction and national development strategies continued to be important mechanisms for defining country priorities and aid strategies, several additional issues moved to the forefront of the Bank's activities during fiscal 2006. These diverse issues included improving governance and accountability, implementing a new Multilateral Debt Relief Initiative, expanding initiatives undertaken within the 2005 Africa Action Plan, developing a framework for middle-income countries, supporting agriculture in the poorest countries, cooperating with other international organizations to combat avian flu, searching for new approaches to deal with climate change, and strengthening partnerships to put in place a monitoring plan for the March 2005 Paris Declaration on Aid Effectiveness. The Bank also responded to emergencies, including the October 2005 earthquake in northern Pakistan and the May 2006 earthquake in Indonesia.
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