World Bank Annual Report 2017

1 Annual Report 2017. End Extreme Poverty Boost Shared Prosperity Accelerate Build Foster economic growth human capital resilience Contents 2 Message from the President of the World bank Group and Chairman of the Board of Executive Directors 4 World bank Group 2017 Summary Results 8 Message from the Board of Executive Directors 12 Message from the Chief Executive Officer of the World bank 15 Helping Countries to Achieve Their Development Priorities 30 Building a Better bank : Strengthening Operations and Policies 32 Expanding the World 's Development Knowledge: World bank Data and Research 35 Regional Perspectives 60 World bank Global Collaboration and Engagement 63 An Environmentally and Socially Responsible Institution 68 Ensuring Accountability and Improving Operations 70 The Roles and Resources of the World bank 80 Committed to Results KEY BOX.

2 19 Attracting Private Sector Financing in the Most Challenging Environments KEY TABLES. 76 IBRD Fiscal Year Data: Key Financials and Lending 78 IDA Fiscal Year Data: Key Financials and Lending This Annual Report , which covers the period from July 1, 2016, to June 30, 2017, has been prepared by the Executive Directors of both the International bank for Reconstruction and Development (IBRD) and the International Development This Annual (IDA) collectively Association Report , which coversknown the period fromWorld as the July 1, bank in 2015, to June 30, 2016, has accordance withbeen prepared by the Executive Directors of both the International bank for Reconstruction and the respective bylaws of the two institutions.

3 Dr. Jim Yong Kim, President of Development (IBRD) and the International Development Association (IDA) collectively the World known as bank Group the World and Chairman bank in accordanceof thethe with Board of Executive respective bylaws ofDirectors, the two has submitted institutions. Dr. Jim Yong Kim, President of the World bank Group and Chairmanbudgets this Report , together with the accompanying administrative of the and audited Board financial of Executive statements, Directors, to the this has submitted Board of Governors.

4 Report , together with the accompanying administrative budgets and audited financial statements, to the Board of Governors. Annual Reports for the International Finance Corporation (IFC), the Multilateral Annual Reports Investment for the International Guarantee Finance Agency (MIGA), Corporation and (IFC), the Centre the International Multilateral for Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Settlement of Investment Disputes (ICSID). Disputes (ICSID) are published separately.

5 Are published separately. Throughout Throughout the Report ,the the Report , the term term World World BankBank andabbreviated and the the abbreviated bank bank refer onlyrefer only to IBRD. toand IBRD and IDA; theIDA;. term the term World BankWorld GroupBank Group and the and theBank abbreviated abbreviated Group referBank Group to the refer to thework collective collective of IBRD,work of IBRD, IDA, IFC, IDA,All and MIGA. IFC, andamounts dollar MIGA. Alluseddollar amounts in this used Annual Report inare current this Annual dollars unless otherwise are current As a result dollars unless of rounding, otherwise numbers specified.

6 In Funds tables may not add to totals and percentages in figures may not add to 100. allocated to multiregional projects are accounted for at the country level in tables and text. As a result of rounding, numbers in tables may not add to totals, and percentages in figures may not add to 100. World bank Group Approach to Sustainable Development 2. GOALS 3. PRIORITY. 1. TO END EXTREME POVERTY BY 2030 AREAS. 2. TO BOOST SHARED PROSPERITY. In Haiti, the bank helped quickly mobilize more than $170 million for the country after Hurricane Matthew.

7 (See page 50.). Providing financial resources in the immediate aftermath of a crisis can help restore infrastructure and services for people most in need. Accelerate economic growth $1 billion in concessional financing has been unlocked In Belarus, state-of-the-art tech- for Jordan and Lebanon for Foster resilience nology is helping to better manage their support to Syrian refugees. highways and improve commercial (See page 54.). traffic through an important regional Using innovative funding to corridor. (See page 46.).

8 Support vital public health services Quality roads are not just infrastructure, and critical infrastructure can help they're connections between people, meet the needs of both refugees markets, jobs, and opportunities. and host countries' citizens. In the Democratic Republic of Congo, Build human capital improvements to border facilities with In Madagascar, more than its eastern and southern neighbors is 350,000 people are receiving helping to facilitate cross-border cash transfers and nutrition In Bangladesh, nearly trade.

9 (See page 20.). services in the face of severe drought. (See page 38.) 690,000 children in remote, Reducing costs and wasted time at rural areas were given a border crossings can help integrate markets, Supporting access to quality second chance at education. boost trade including for small-scale and basic services, and to social (See page 58.) women traders and grow economies. protection when needed, can help individuals fulfill their Education is a powerful driver potential and help countries of development: it has large, achieve economic success.

10 Consistent returns in terms of income and counters widen- Read more about our work in these areas and additional project ing inequality. stories at The World bank Group's mission consists of two ambitious, but achievable, goals: To end extreme poverty by 2030. by decreasing the percentage of people living on less than $ a day To boost shared prosperity by fostering income growth for poorest 40 percent in every country. Achieving these goals will mean working with our partners in the public and private sectors, collaborating across civil society and country govern- ments, and engaging beneficiaries and stakeholders on the ground to ensure that every person has an opportunity to fulfill her or his potential.