Publication: The World Bank Group’s 2018 Capital Increase Package - An Independent Validation of Implementation and Results
Date
2023-08-29
ISSN
Published
2023-08-29
Author(s)
Independent Evaluation Group
Abstract
This report presents the Independent
Evaluation Group’s validation of the World Bank Group’s 2018
capital increase package (CIP). It assesses the World Bank
Group’s progress in implementing the CIP’s policy measures
and achieving its targets, as well as the quality of
management’s CIP reporting. The 2018 CIP boosted the Bank
Group’s financial firepower with a $7.5 billion paid-in
capital increase for the International Bank for
Reconstruction and Development (IBRD), $5.5 billion paid-in
capital increase for the International Finance Corporation
(IFC), $52.6 billion callable capital increase for IBRD, and
internal savings measures. The CIP also included a policy
package that committed Bank Group management to policy
actions linked to the Bank Group’s 2016 Forward Look
strategy. The CIP committed to reporting annually on its
implementation and an independent assessment after five
years. This report fulfills the commitment to an independent
assessment. This validation builds on management’s own
reporting and other complementary evidence to assess the
World Bank Group’s progress in implementing the CIP’s policy
measures and achieving its targets. The report also assesses
the quality of management’s CIP reporting. The report points
to lessons on developing, implementing, and reporting
corporate initiatives and commitments, such as the
importance of having clear strategies or action plans,
explicit buy-in from senior management, and accurate
reporting with meaningful indicators and realistic targets.
Link to Data Set
Citation
“Independent Evaluation Group. 2023. The World Bank Group’s 2018 Capital Increase Package - An Independent Validation of Implementation and Results. © World Bank, Washington, DC. http://hdl.handle.net/10986/40287 License: CC BY-NC 3.0 IGO.”