Publication: Mobilizing Technology for Development: An Assessment of World Bank Group Preparedness
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Date
2021-04-07
ISSN
Published
2021-04-07
Author(s)
Independent Evaluation Group
Abstract
Disruptive and transformative
technologies (DTT) have far-reaching implications for
development. Traditional development models are being
disrupted by the accelerating pace of technological change
and the convergence of multiple technologies, among other
things. Recognizing the implications of DTT for development,
the World Bank Group adopted a new approach to DTT in 2018,
later merging it with its 2019 DTT Mainstreaming approach,
and further developing it through the 2020 Mainstreaming
Digital and Disruptive Technologies (MDDT) Initiative. The
Bank Group’s approach encompasses five DTT corporate
priorities (country diagnostics, agile regulations, digital
connectivity, digital government, and skills and
capabilities for the new economy and the role of education),
the Bali Fintech Agenda (financial technology and digital
entrepreneurship), and sectoral and regional programs (for
example, Digital Economy for Africa Moonshot/Accelerate and
Middle East and North Africa Tech). The Bank Group aims to
help clients harness the opportunities and mitigate the
risks of DTT to accelerate progress toward achieving the
twin goals of ending extreme poverty and boosting shared
prosperity. This evaluation sought to answer the question,
How well prepared is the Bank Group to help clients harness
the opportunities and mitigate the risks posed by DTT?
Link to Data Set
Citation
“Independent Evaluation Group. 2021. Mobilizing Technology for Development: An Assessment of World Bank Group Preparedness. © World Bank, Washington, DC. http://hdl.handle.net/10986/35478 License: CC BY 3.0 IGO.”