Publication: World Bank Annual Report 2024
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Published
2024-10-25
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2024-08-19
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This annual report, which covers the period from July 1, 2023, to June 30, 2024, 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.
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“World Bank. 2024. World Bank Annual Report 2024. © World Bank. http://hdl.handle.net/10986/42057 License: CC BY-NC-ND 3.0 IGO.”
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Publication Remarks by World Bank Group President Ajay Banga at the 2024 Annual Meetings Plenary(Washington, DC: World Bank, 2024-10-28)In his speech at the 2024 Annual Meetings Plenary, World Bank Group President Ajay Banga highlighted the organization's achievements over its 80-year history and outlined its future direction. He emphasized the dual focus on reconstruction and development, reflecting on the World Bank's origins and its evolving role in addressing global challenges such as poverty, climate change, conflict, and pandemics. Banga discussed the need for the World Bank to be faster, simpler, and more impact-oriented. He noted improvements in project approval times, streamlined processes, and enhanced collaboration with other multilateral development banks. He also highlighted the importance of measurable outcomes and increased lending capacity to maximize the institution's impact.Publication The World Bank Annual Report 2020(World Bank, Washington, DC, 2020-10-01)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 submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.Publication The World Bank Annual Report 2004(Washington, DC, 2004-10)This Annual Report, which covers the period from July 1, 2003, to June 30, 2004, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) in accordance with the respective bylaws of the two institutions. The Board emphasized the following areas during the fiscal year: Strategic Framework, the Bank's Role in Poverty Reduction; Country Programs; Global Programs and Partnerships; Oversight and Fiduciary Responsibility, and Administrative Budget. Volume 2: Financial Statements Reporting. IBRD prepares its financial statements in accordance with accounting principles.Publication The World Bank Annual Report 2006, Volume 2. Management's Discussion and Analysis(Washington, DC, 2006)This World Bank Annual Report for FY2006 notes that the past year saw both progress and continued challenges in the global fight against poverty and inequality. 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.Publication The World Bank Annual Report 2006(Washington, DC, 2006)This World Bank Annual Report for FY2006 notes that the past year saw both progress and continued challenges in the global fight against poverty and inequality. 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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