World Bank Operations Evaluation Department2012-06-062012-06-062005978-0-8213-6461-1https://hdl.handle.net/10986/7225The pace of change in the overall performance of the developing world has not altered markedly over the past 20 years. The number of people living in extreme poverty declined from 1.5 billion in 1980 (40 percent of population), to 1.2 billion in 1990 (28 percent of population), to 1.1 billion in 2001 (21 percent of population). Growth per capita has followed much the same profile. In the 1980s, only about two-thirds of developing countries showed positive per capita income growth, and this percentage remains unchanged. Life expectancy and literacy indicators show overall improvements, but some regions show worrisome trends. There has been slow and steady progress in overall development outcomes during the period, but the speed and scale of change remain static. These averages, of course, mask huge differences across regions, with very worrisome increases in poverty and continued low growth in Sub-Saharan Africa. The Bank has transformed itself significantly in the past 10 years, and should be ready for further adjustments to current climate of rapid change. Greater selectivity, more flexibility, and improved efficiency within its chosen areas of intervention are needed going forward if a global institution such as the Bank is to remain useful and relevant and show concrete results in a fast-changing world.CC BY 3.0 IGOACCESS TO FINANCINGACCESS TO INFORMATIONACCESS TO RESOURCESACCOUNTABILITYADJUSTMENT LENDINGADJUSTMENT LOANSADVISORY SERVICESAGRICULTURAL RESEARCHAID COORDINATIONANNEXESARREARSASSISTANCE PROGRAMASSISTANCE PROGRAMSBANK LENDINGBANK LOANSBANK SERVICESBORROWERBUSINESS DEVELOPMENTCAPACITY BUILDINGCASCASSCONFLICTCONSOLIDATIONCORRUPTIONCOUNTRY ASSISTANCECOUNTRY ASSISTANCE STRATEGIESCOUNTRY ASSISTANCE STRATEGYCOUNTRY PROGRAMCOUNTRY PROGRAMSCOUNTRY PROJECTCOUNTRY PROJECTSCOUNTRY STRATEGIESCRITERIA FOR LENDINGDEBTDECENTRALIZATIONDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT FINANCEDEVOLUTIONECONOMIC GROWTHECONOMIC POLICYEFFECTIVE GOVERNANCEELIGIBILITY CRITERIAENTREPRENEURSENVIRONMENTAL SUSTAINABILITYESWEXTREME POVERTYFINANCESFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL SECTOR ASSESSMENTFINANCIAL SECTOR REFORMFINANCIAL SECTOR REFORMSFINANCIAL SUPPORTFISCAL CONSTRAINTSFISCAL DECENTRALIZATIONFISCAL REFORMSFLEXIBILITYFUNDING SOURCESGLOBAL POVERTYGLOBAL PUBLIC GOODSGREATER ACCESSGUARANTEE AGENCYHEALTH PROGRAMSHEAVILY INDEBTED POOR COUNTRIESHIPCIMPACT ON POVERTYINCOMEINCOME GROWTHINCOME POVERTYINEQUALITYINFORMATION SYSTEMSINSTITUTIONAL CAPACITYINSTITUTIONAL DEVELOPMENTINTERNATIONAL BANKINTERNATIONAL FINANCEINTERVENTIONINVENTORYINVESTMENT LOANSLEARNINGLINES OF CREDITLIVING STANDARDSLOANLOCAL COUNCILSLOCAL GOVERNMENTLOCAL GOVERNMENTSM&E ACTIVITIESMACRO STABILIZATIONMACROECONOMIC SHOCKSMACROECONOMIC STABILIZATIONMDBMISSIONSMORAL HAZARDMULTILATERAL DEVELOPMENT BANKSNUTRITIONOFFICIAL DEVELOPMENT ASSISTANCEOUTCOME INDICATORSOUTSTANDING DEBTPARTICIPATORY M&EPER CAPITA INCOMEPHYSICAL ASSETSPOLITICAL ECONOMYPOORPOOR PEOPLEPOVERTY ERADICATIONPOVERTY FOCUSPOVERTY HEADCOUNT INDEXPOVERTY IMPACTPOVERTY INDICATORSPOVERTY LEVELSPOVERTY LINEPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGIESPOVERTY REDUCTION STRATEGYPOVERTY REDUCTION STRATEGY PAPERPOVERTY REDUCTION STRATEGY PAPERSPOVERTY-REDUCING GROWTHPRIVATE INVESTMENTSPROGRAM IMPACTSPROJECT PERFORMANCEPROPERTY RIGHTSPUBLIC FUNDSPUBLIC POLICYRECESSIONREGULATORY FRAMEWORKREPAYMENTREPAYMENT RATESRURALRURAL DEVELOPMENTRURAL SECTORSANITATIONSERVICE DELIVERYSOCIAL ASSISTANCESOCIAL FUNDSSOCIAL INCLUSIONSOCIAL INDICATORSSOCIAL SERVICESSOFT LOANSSOURCES OF FINANCESTRUCTURAL ADJUSTMENTSTRUCTURAL POLICIESSUBLOANSSUBSIDIARYTASK MANAGERSTECHNICAL ASSISTANCETRANSPARENCYTRANSPORTTRUST FUNDSURBAN DEVELOPMENTVOUCHERVOUCHER PRIVATIZATIONWARWATER SUPPLYWorld Bank10.1596/978-0-8213-6461-1