The World Bank Annual Report 2011

Abstract

Executive Directors continued to play an important role as the World Bank faced many challenges in a global post crisis economy. The Board considered a number of key documents in preparation for the committee on development effectiveness meetings. These included the World Development Report 2011, which focuses on conflict, security, and development, and responding to global food price volatility and its impact on food security, which examines the Bank's responses to food price increases and climate change risks. The Board approved more than $42 billion in financial assistance in fiscal 2011, comprising about $26 billion in International Bank for Reconstruction and Development (IBRD) lending and $16 billion in International Development Association (IDA) support. During fiscal 2011 the Bank Group committed $57.3 billion in loans, grants, equity investments, and guarantees to its members and to private businesses. IBRD commitments totaled $26.7 billion compared with $44.2billion in 2010, but still above pre crisis levels. The World Bank Group continues to operate under a real flat budget, for the seventh consecutive year.