Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized

Africa: World Bank Lending by Theme and Sector | Fiscal 2014–18

millions of dollars

Theme 2014 2015 2016 2017 2018

Economic Policy — — — 1,002 401

Environment and Natural Resource Management — — — 4,258 6,757
Finance — — — 333 1,152
Human Development and Gender — — — 3,621 4,274
Private Sector Development — — — 3,409 2,805
Public Sector Management — — — 1,689 2,893
Social Development and Protection — — — 1,278 2,129
Urban and Rural Development — — — 5,643 6,031

Sector 2014 2015 2016 2017 2018

Agriculture, Fishing, and Forestry 1,177 1,138 538 1,352 1,301

Education 748 747 865 960 1,285
Energy and Extractives 2,029 1,148 1,708 1,618 3,100
Financial Sector 400 654 234 124 261
Health 498 1,858 940 594 1,143
Industry, Trade, and Services 552 343 465 961 1,327
Information and Communications Technologies 163 159 44 274 226
Public Administration 1,295 2,284 1,005 1,360 3,945
Social Protection 882 1,210 2,294 774 1,433
Transportation 1,610 1,304 720 2,130 660
Water, Sanitation, and Waste Management 1,259 724 552 1,694 1,850

Sector Total 10,613 11,569 9,365 11,842 16,530

Of which IBRD 420 1,209 669 1,163 1,120

Of which IDA 10,193 10,360 8,696 10,679 15,410

Note: — = not available. Numbers may not add to totals because of rounding. As of fiscal 2017, new sector and theme categories have
replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect
the new categories and therefore may not match figures published in previous annual reports.

Because lending commitments for individual operations can be applied to multiple theme categories, figures organized by theme do not add up
to fiscal year commitment totals, and therefore theme figures should not be summed.

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

East Asia and Pacific: World Bank Lending by Theme and Sector | Fiscal 2014-18
millions of dollars

Theme 2014 2015 2016 2017 2018

Economic Policy — — — 736 615

Environment and Natural Resource Management — — — 1,865 2,091
Finance — — — 1,001 22
Human Development and Gender — — — 1,225 993
Private Sector Development — — — 916 570
Public Sector Management — — — 441 252
Social Development and Protection — — — 324 244
Urban and Rural Development — — — 3,474 2,259

Sector 2014 2015 2016 2017 2018

Agriculture, Fishing, and Forestry 625 1,033 706 523 694

Education 626 226 321 368 216
Energy and Extractives 834 574 2,093 218 96
Financial Sector 68 501 285 135 14
Health 260 233 145 679 390
Industry, Trade, and Services 261 282 427 1,237 959
Information and Communications Technologies 81 69 - 207 80
Public Administration 1,065 809 940 736 400
Social Protection 267 68 270 440 286
Transportation 1,891 1,233 1,329 1,445 379
Water, Sanitation, and Waste Management 334 1,316 985 1,120 1,099

Sector Total 6,313 6,342 7,500 7,106 4,612

Of which IBRD 4,181 4,539 5,176 4,403 3,981

Of which IDA 2,131 1,803 2,324 2,703 631

Note: — = not available. Numbers may not add to totals because of rounding. As of fiscal 2017, new sector and theme categories have
replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect
the new categories and therefore may not match figures published in previous annual reports.

Because lending commitments for individual operations can be applied to multiple theme categories, figures organized by theme do not add up
to fiscal year commitment totals, and therefore theme figures should not be summed.

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

Europe and Central Asia: World Bank Lending by Theme and Sector | Fiscal 2014–18
millions of dollars

Theme 2014 2015 2016 2017 2018

Economic Policy — — — 54 128

Environment and Natural Resource Management — — — 2,573 2,094
Finance — — — 967 1,343
Human Development and Gender — — — 436 785
Private Sector Development — — — 1,613 864
Public Sector Management — — — 1,057 520
Social Development and Protection — — — 72 481
Urban and Rural Development — — — 691 1,759

Sector 2014 2015 2016 2017 2018

Agriculture, Fishing, and Forestry 478 154 47 358 122

Education 102 330 103 120 24
Energy and Extractives 1,206 1,423 151 2,205 1,064
Financial Sector 562 930 1,290 760 818
Health 574 277 214 202 144
Industry, Trade, and Services 455 882 1,254 133 798
Information and Communications Technologies 13 42 39 8 129
Public Administration 1,387 692 1,124 648 761
Social Protection 105 919 411 140 254
Transportation 97 1,158 2,168 608 332
Water, Sanitation, and Waste Management 546 400 471 127 63

Sector Total 5,527 7,207 7,271 5,308 4,508

Of which IBRD 4,729 6,679 7,039 4,569 3,550

Of which IDA 798 527 233 739 958

Note: — = not available. Numbers may not add to totals because of rounding. As of fiscal 2017, new sector and theme categories have
replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect
the new categories and therefore may not match figures published in previous annual reports.

Because lending commitments for individual operations can be applied to multiple theme categories, figures organized by theme do not add up
to fiscal year commitment totals, and therefore theme figures should not be summed.

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

Latin America and the Caribbean: World Bank Lending by Theme and Sector | Fiscal 2014-18
millions of dollars

Theme 2014 2015 2016 2017 2018

Economic Policy — — — 387 322

Environment and Natural Resource Management — — — 1,520 2,066
Finance — — — 794 551
Human Development and Gender — — — 1,039 1,629
Private Sector Development — — — 1,488 918
Public Sector Management — — — 942 68
Social Development and Protection — — — 186 730
Urban and Rural Development — — — 2,450 1,608

Sector 2014 2015 2016 2017 2018

Agriculture, Fishing, and Forestry 231 117 145 335 322

Education 674 1,051 1,090 577 572
Energy and Extractives 59 391 227 520 535
Financial Sector 89 493 591 206 72
Health 16 533 736 217 761
Industry, Trade, and Services 143 374 1,159 638 166
Information and Communications Technologies - 48 0.3 122 13
Public Administration 1,664 942 1,551 1,910 349
Social Protection 723 1,291 743 158 387
Transportation 776 389 1,173 573 666
Water, Sanitation, and Waste Management 693 396 803 621 483

Sector Total 5,068 6,024 8,218 5,877 4,326

Of which IBRD 4,609 5,709 8,035 5,373 3,898

Of which IDA 460 315 183 504 428

Note: — = not available. Numbers may not add to totals because of rounding. As of fiscal 2017, new sector and theme categories have
replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect
the new categories and therefore may not match figures published in previous annual reports.

Because lending commitments for individual operations can be applied to multiple theme categories, figures organized by theme do not add up
to fiscal year commitment totals, and therefore theme figures should not be summed.

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

Middle East and North Africa: World Bank Lending by Theme and Sector | Fiscal 2014–18
millions of dollars

Theme 2014 2015 2016 2017 2018

Economic Policy — — — 265 65

Environment and Natural Resource Management — — — 1,086 2,020
Finance — — — 562 208
Human Development and Gender — — — 1,093 2,436
Private Sector Development — — — 1,650 1,789
Public Sector Management — — — 903 578
Social Development and Protection — — — 962 1,112
Urban and Rural Development — — — 306 1,376

Sector 2014 2015 2016 2017 2018

Agriculture, Fishing, and Forestry 120 - 314 83 135

Education - 73 70 100 750
Energy and Extractives 211 1,025 1,091 905 992
Financial Sector 737 550 445 866 62
Health 103 105 97 415 634
Industry, Trade, and Services 154 225 404 760 1,072
Information and Communications Technologies 219 - 145 183 62
Public Administration 440 228 1,345 1,331 713
Social Protection 150 661 31 776 1,168
Transportation 470 10 558 255 283
Water, Sanitation, and Waste Management 185 616 681 207 504

Sector Total 2,788 3,492 5,181 5,880 6,375

Of which IBRD 2,588 3,294 5,170 4,869 5,945

Of which IDA 199 198 11 1,011 430

Note: — = not available. Numbers may not add to totals because of rounding. As of fiscal 2017, new sector and theme categories have
replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect
the new categories and therefore may not match figures published in previous annual reports.

Because lending commitments for individual operations can be applied to multiple theme categories, figures organized by theme do not add up
to fiscal year commitment totals, and therefore theme figures should not be summed.

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

South Asia: World Bank Lending by Theme and Sector | Fiscal 2014–18
millions of dollars

Theme 2014 2015 2016 2017 2018

Economic Policy — — — 1,023 60

Environment and Natural Resource Management — — — 1,710 4,872
Finance — — — 1,180 866
Human Development and Gender — — — 1,744 4,032
Private Sector Development — — — 1,502 2,239
Public Sector Management — — — 420 871
Social Development and Protection — — — 661 1,128
Urban and Rural Development — — — 1,727 4,214

Sector 2014 2015 2016 2017 2018

Agriculture, Fishing, and Forestry 578 926 659 121 1,429

Education 1,469 1,193 769 723 1,675
Energy and Extractives 2,458 261 2,144 859 1,324
Financial Sector 172 967 256 1,015 83
Health 100 85 240 329 1,195
Industry, Trade, and Services 390 264 616 513 1,085
Information and Communications Technologies 52 38 43 228 232
Public Administration 935 967 646 723 1,035
Social Protection 395 467 120 404 675
Transportation 2,431 1,298 898 813 1,210
Water, Sanitation, and Waste Management 1,555 1,395 1,971 334 717

Sector Total 10,535 7,860 8,363 6,060 10,660

Of which IBRD 2,077 2,098 3,640 2,233 4,508

Of which IDA 8,458 5,762 4,723 3,827 6,152

Note: — = not available. Numbers may not add to totals because of rounding. As of fiscal 2017, new sector and theme categories have
replaced the previous taxonomy as part of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect
the new categories and therefore may not match figures published in previous annual reports.

Because lending commitments for individual operations can be applied to multiple theme categories, figures organized by theme do not add up
to fiscal year commitment totals, and therefore theme figures should not be summed.

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes.

Africa: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2014–18
millions of dollars

Nigeria Ethiopia Kenya Total region

Item 2018 2014-2018 2018 2014-2018 2018 2014-2018 2018 2014-2018

IBRD and IDA commitments 2,586 8,670 3,122 8,707 1,280 3,998 16,530 59,899
Undisbursed balances 7,076 7,076 4,748 4,748 4,377 4,377 37,066 37,066
Gross disbursements 779 4,419 1,404 5,222 538 2,637 8,940 38,017
Repayments 94 471 36 108 130 577 762 2,835
Net disbursements 685 3,948 1,368 5,113 408 2,060 8,178 35,182
Interest and charges 76 269 52 184 40 181 696 2,593
Net transfers 609 3,679 1,316 4,929 368 1,878 7,482 32,589

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2017 and 2018). IBRD and IDA commitments do not include
Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are
classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross
disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered
by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries, and principal, interest, and
charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under
HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding.
East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2014–18
millions of dollars

China Indonesia Vietnam Total region

Item 2018 2014-2018 2018 2014-2018 2018 2014-2018 2018 2014-2018

IBRD and IDA commitments 1,788 9,627 1,800 7,264 80 6,977 4,612 31,874
Undisbursed balances 8,265 8,265 3,554 3,554 6,265 6,265 22,792 22,792
Gross disbursements 1,957 7,775 1,045 8,096 814 5,829 4,728 26,194
Repayments 2,018 10,501 439 2,047 212 683 2,965 14,830
Net disbursements -61 -2,727 606 6,049 602 5,146 1,763 11,364
Interest and charges 299 919 432 1,580 184 665 1,086 3,780
Net transfers -360 -3,646 174 4,469 418 4,482 677 7,584

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2017 and 2018). IBRD and IDA commitments do not include
Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are
classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross
disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered
by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries, and principal, interest, and
charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under
HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding.
Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers I Fiscal 2014–18
millions of dollars

Turkey Uzbekistan Romania Total region

Item 2018 2014-18 2018 2014-18 2018 2014-18 2018 2014-18

IBRD and IDA commitments 1,492 4,049 1,440 2,858 493 2,787 4,508 29,912
Undisbursed balances 1,758 1,758 2,672 2,672 1,134 1,134 13,387 13,387
Gross disbursements 1,542 4,784 102 683 770 3,211 4,432 26,272
Repayments 1,132 4,670 26 154 215 1,409 3,459 15,788
Net disbursements 410 113 76 529 554 1,802 973 10,483
Interest and charges 117 596 15 41 92 362 736 2,848
Net transfers 293 -482 61 488 462 1,441 237 7,636

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2017 and 2018). IBRD and IDA commitments do not include
Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are
classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross
disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered
by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries, and principal, interest, and
charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under
HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding.
Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2014–18
millions of dollars

Argentina Colombia Mexico Total region

Item 2018 2014-18 2018 2014-18 2018 2014-18 2018 2014-18

IBRD and IDA commitments 1,000 4,862 702 6,059 406 2,462 4,326 29,513
Undisbursed balances 3,124 3,124 1,113 1,113 1,294 1,294 16,338 16,338
Gross disbursements 902 3,832 1,254 5,839 423 2,179 4,290 26,058
Repayments 699 3,441 484 2,980 875 2,425 4,712 16,199
Net disbursements 204 392 770 2,859 -452 -246 -421 9,859
Interest and charges 159 674 257 1,124 365 1,298 1,517 5,828
Net transfers 44 -282 513 1,736 -817 -1,543 -1,938 4,031

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2017 and 2018). IBRD and IDA commitments do not include
Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are
classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross
disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered
by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries, and principal, interest, and
charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under
HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding.
Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2014–18
millions of dollars

Egypt, Arab Republic of Iraq Tunisia Total region

Item 2018 2014-18 2018 2014-18 2018 2014-18 2018 2014-18

IBRD and IDA commitments 2,180 6,930 1,110 4,500 930 3,044 6,375 23,736
Undisbursed balances 3,036 3,036 1,558 1,558 1,346 1,346 9,391 9,391
Gross disbursements 1,862 6,733 179 3,082 688 1,776 3,850 17,959
Repayments 394 1,390 37 119 93 671 957 4,462
Net disbursements 1,468 5,343 141 2,963 595 1,105 2,893 13,497
Interest and charges 177 441 68 134 29 140 416 1,239
Net transfers 1,291 4,902 74 2,829 567 965 2,477 12,259

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2017 and 2018). IBRD and IDA commitments do not include
Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are
classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross
disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered
by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries, and principal, interest, and
charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under
HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding.
South Asia: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2014–18
millions of dollars

India Bangladesh Pakistan Total region

Item 2018 2014-18 2018 2014-18 2018 2014-18 2018 2014-18

IBRD and IDA commitments 3,453 18,476 2,991 9,512 2,803 9,658 10,660 43,389
Undisbursed balances 17,162 17,162 6,996 6,996 5,126 5,126 32,052 32,052
Gross disbursements 2,530 12,912 1,333 5,335 770 5,961 5,533 27,663
Repayments 2,818 12,017 335 1,526 478 2,152 3,806 16,442
Net disbursements -289 895 999 3,810 292 3,809 1,727 11,221
Interest and charges 514 1,797 101 445 218 763 890 3,230
Net transfers -802 -903 898 3,365 74 3,046 837 7,991

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2017 and 2018). IBRD and IDA commitments do not include
Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are
classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross
disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered
by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries, and principal, interest, and
charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under
HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding.
Operations Approved for IBRD and IDA Assistance, by Region and Country | Fiscal 2018
millions of dollars

IBRD IDA Total

Region and Country Operations Amount Operations Amount Operations Amount

Africa
Africa (regional) 2 10 11 1,417 13 1,427
Angola 4 460 0 4 460
Benin 0 2 260 2 260
Burkina Faso 0 5 545 5 545
Burundi 0 3 120 3 120
Cabo Verde 0 2 35 2 35
Cameroon 1 200 6 465 7 665
Central African Republic 0 4 80 4 80
Chad 0 2 57 2 57
Congo, Democratic Republic of 0 1 200 1 200
Congo, Republic of 2 50 1 100 3 150
Cote d'Ivoire 1 200 6 890 7 1,090
Ethiopia 0 8 3,122 8 3,122
Gabon 1 200 0 1 200
Gambia, The 0 2 71 2 71
Ghana 0 2 250 2 250
Guinea 0 2 70 2 70
Guinea-Bissau 0 2 40 2 40
Kenya 0 8 1,280 8 1,280
Lesotho 0 2 28 2 28
Liberia 0 2 27 2 27
Madagascar 0 7 385 7 385
Malawi 0 2 260 2 260
Mali 0 4 178 4 178
Mauritania 0 2 46 2 46
Mozambique 0 6 525 6 525
Niger 0 3 200 3 200
Nigeria 0 8 2,586 8 2,586
Rwanda 0 5 450 5 450
Sao Tome and Principe 0 2 18 2 18
Senegal 0 5 360 5 360
Sierra Leone 0 3 40 3 40
Tanzania 0 2 500 2 500
Togo 0 3 102 3 102
Uganda 0 2 640 2 640
Zambia 0 2 63 2 63

Total 11 1,120 127 15,410 138 16,530

East Asia and Pacific

Cambodia 0 2 200 2 200
China 10 1,788 0 10 1,788
Fiji 1 15 0 1 15
Indonesia 7 1,800 0 7 1,800
Kiribati 0 1 5 1 5
Lao People's Democratic Republic 0 5 130 5 130
Marshall Islands 0 2 43 2 43
Micronesia, Federated States of 0 1 11 1 11
Mongolia 0 1 120 1 120
Pacific Islands 0 1 4 1 4
Philippines 2 378 0 2 378
Samoa 0 1 5 1 5
Solomon Islands 0 1 15 1 15
Tonga 0 1 10 1 10
Tuvalu 0 1 9 1 9
Vietnam 0 1 80 1 80

Total 20 3,981 18 631 38 4,612

Europe and Central Asia
Albania 4 103 0 4 103
Armenia 1 2 0 1 2
Belarus 2 74 0 2 74
Bosnia and Herzegovina 1 61 0 1 61
Georgia 2 70 0 2 70
Kyrgyz Republic 0 4 126 4 126
Moldova 1 5 2 25 2 30
Montenegro 4 151 0 4 151
Romania 1 493 0 1 493
Serbia 4 400 0 4 400
Tajikistan 0 3 67 3 67
Turkey 4 1,492 0 4 1,492
Uzbekistan 2 700 3 740 5 1,440

Total 26 3,550 12 958 37 4,508

Latin America and the Caribbean

Argentina 4 1,000 0 4 1,000
Bolivia 1 252 1 48 1 300
Brazil 4 625 0 4 625
Chile 1 50 0 1 50
Colombia 3 702 0 3 702
Dominica 0 2 65 2 65
Dominican Republic 1 150 0 1 150
Ecuador 2 464 0 2 464
Grenada 0 1 30 1 30
Guyana 0 1 35 1 35
Haiti 0 3 105 3 105
Jamaica 1 15 0 1 15
Mexico 3 406 0 3 406
Nicaragua 0 3 145 3 145
Panama 2 180 0 2 180
Uruguay 2 54 0 2 54

Total 24 3,898 11 428 34 4,326

Middle East and North Africa

Djibouti 0 2 30 2 30
Egypt, Arab Republic of 3 2,180 0 3 2,180
Iraq 4 1,110 0 4 1,110
Jordan 2 537 0 2 537
Lebanon 4 688 0 4 688
Morocco 3 500 0 3 500
Tunisia 5 930 0 5 930
Yemen, Republic of 0 3 400 3 400

Total 21 5,945 5 430 26 6,375

South Asia
Afghanistan 0 6 366 6 366
Bangladesh 0 11 2,991 11 2,991
Bhutan 0 1 30 1 30
India 18 3,453 0 18 3,453
Maldives 0 1 12 1 12
Nepal 0 5 706 5 706
Pakistan 3 855 9 1,948 12 2,803
Sri Lanka 1 200 1 100 2 300

Total 22 4,508 34 6,152 56 10,660

Overall Total 124 23,002 207 24,010 329 47,011

Note: OECS = Organization of Eastern Caribbean States. Data includes guarantees, supplemental and additional financing operations as separate lending
operations. Joint IBRD-IDA operations are included in both the IDA and IBRD number of operations count, but only once in the Total. A blank space indicates
zero. Data as of 6/30/2018
World Bank Development Policy Operations | Fiscal 2018
millions of dollars

Country Project ID Operation IBRD IDA Total

Afghanistan P164882 Incentive Program Development Policy Financing 0 90 90

Benin P160700 First Fiscal Reform and Growth Development Policy Financing 0 40 40
Bhutan P164290 Strengthening Fiscal Management and Private Sector Employment Opportunities Development Policy Financing 0 30 30
Burkina Faso P163283 Second Energy and Fiscal Management Development Policy Financing 0 75 75
Cameroon P163657 Fiscal Consolidation and Inclusive Growth Development Policy Financing 200 0 200
Central African P164442 Second State Consolidation Development Policy Financing 0 25 25
Colombia P161642 Second Sustainable Development and Green Growth Development Policy Financing 500 0 500
Cote d'Ivoire P163284 Second Fiscal Management, Education, Energy, and Cocoa Reforms Development Policy Financing 0 125 125
Dominican Repub P159351 Disaster Risk Management Development Policy Financing with a Deferred Drawdown Option for Catastrophe Risks 150 0 150
Egypt, Arab Rep P164079 Third Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing 1,150 0 1,150
Fiji P165276 Fiscal Sustainability and Climate Resilience Development Policy Financing 15 0 15
Gabon P159508 Fiscal Consolidation and Inclusive Growth Development Policy Financing 200 0 200
Georgia P155553 Second Programmatic Private Sector Competitiveness Development Policy Financing 50 0 50
Ghana P157343 Second Macroeconomic Stability for Competitiveness and Growth Development Policy Financing 0 200 200
Grenada P164289 First Fiscal Resilience and Blue Growth Development Policy Financing 0 30 30
Guyana P165425 First Programmatic Financial and Fiscal Stability Development Policy Financing 0 35 35
Indonesia P161475 Second Fiscal Reform Development Policy Financing 300 0 300
Indonesia P163973 Second Indonesia Maritime Logistics Reform Development Policy Financing 300 0 300
Jordan P166360 First Equitable Growth and Job Creation Programmatic Development Policy Financing 389 0 389
Kenya P161562 Disaster Risk Management Development Policy Financing with a Deferred Drawdown Option for Catastrophe Risks 0 200 200
Kiribati P161794 Fourth Economic Reform Development Policy Financing 0 5 5
Liberia P162111 Fourth Poverty Reduction Support Development Policy Financing 0 20 20
Madagascar P162279 Inclusive and Resilient Growth Development Policy Financing 0 45 45
Madagascar P164137 Second Public Finance Sustainability and Investment Development Policy Financing 0 45 45
Mauritania P163057 Second Fiscal Consolidation and Private Sector Support Development Policy Financing 0 26 26
Mongolia P162402 First Economic Management Support Operation Development Policy Financing 0 120 120
Montenegro P166205 First Fiscal and Financial Sector Resilience Policy-Based Guarantee 93 0 93
Nepal P160792 First Programmatic Fiscal and Public Financial Management Development Policy Financing 0 200 200
Niger P163318 Fostering Rural Growth Reform Development Policy Financing 0 120 120
Panama P166159 Third Programmatic Shared Prosperity Development Policy Financing 100 0 100
Romania P166303 Disaster Risk Management Development Policy Financing with a Deferred Drawdown Option for Catastrophe Risks 493 0 493
Rwanda P162671 First Programmatic Energy Sector Development Policy Financing 0 125 125
Samoa P162104 First Resilience Development Policy Financing 0 5 5
São Tomé and Príncipe P161707 Second Strengthening Growth and Fiscal Policy Development Policy Financing 0 6 6
Serbia P161184 Second Public Expenditure and Public Utilities Development Policy Financing 200 0 200
Sierra Leone P165639 First Productivity and Transparency Support Credit Development Policy Financing (Supplemental Financing) 0 10 10
Country Project ID Operation IBRD IDA Total

Togo P159844 Fiscal Management and Infrastructure Reform First Development Policy Financing 0 52 52
Tonga P167330 Second Inclusive Growth Development Policy Financing (Supplemental Financing) 0 10 10
Tunisia P161483 Investment, Competitiveness, and Inclusion Development Policy Financing 500 0 500
Turkey P162071 Resilience, Inclusion, and Growth Development Policy Financing 400 0 400
Uzbekistan P166019 Reforms for a Sustainable Transformation toward a Market Economy Project 0 500 500

Total 5,040 2,139 7,179

Note: Numbers may not add to totals because of rounding.

World Bank Development Policy Commitments | Fiscal 2014–18

2014 2015 2016 2017 2018

Region ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent)

Africa 926 9 2,440 25 760 5 1,009 11 1,514 21

East Asia and Pacific 1,770 17 822 8 1,695 11 1,054 11 755 11
Europe and Central Asia 2,506 24 2,562 26 3,050 20 1,347 14 1,736 24
Latin America and the Caribbean 2,832 27 2,930 30 4,475 30 2,029 21 815 11
Middle East and North Africa 1,300 12 430 4 3,450 23 3,519 37 2,039 28
South Asia 1,152 11 620 6 1,670 11 626 7 320 4

Total 10,487 100 9,804 100 15,100 100 9,584 100 7,179 100

World Bank development policy loan commitments

IBRD 7,997 76 7,207 74 13,210 87 7,644 80 5,040 70
IDA 2,489 24 2,597 26 1,890 13 1,940 20 2,139 30

Total 10,487 100 9,804 100 15,100 100 9,584 100 7,179 100

World Bank total lending commitments

IBRD 18,604 23,528 23,528 22,611 23,002
IDA 22,239 18,966 18,966 19,463 24,010

Total 40,843 42,495 42,495 42,074 47,012

Share of development policy commitments 26 23 36 23 15

Note: Numbers may not add to totals because of rounding. IDA total lending commitments for fiscal 2017 do not include a $50 million grant for the Pandemic Emergency Financing Facility.
IBRD and IDA Cumulative Lending by Sector, by Region | Fiscal 2014-18
millions of dollars

Region
Latin America Middle East
East Asia and Europe and and the and North
IBRD commitmentsa Africa Pacific Central Asia Caribbean Africa South Asia Total

Sector
Agriculture, Fishing, and Forestry 157 1,824 426 1,062 646 1,396 5,511
Education 124 1,008 565 3,836 868 835 7,236
Energy and Extractives 1,063 3,021 5,449 1,665 4,183 2,620 18,001
Financial Sector 582 785 4,160 1,351 2,633 583 10,093
Health 242 1,378 1,230 2,059 951 400 6,260
Industry, Trade, and Services 354 2,939 3,217 2,348 2,514 1,010 12,383
Information and Communications Technologies 64 216 148 160 600 184 1,373
Public Administration 978 3,077 4,410 6,094 4,025 789 19,373
Social Protection 160 843 1,693 3,124 2,121 15 7,957
Transportation 308 3,943 3,923 3,114 1,373 3,806 16,467
Water, Sanitation, and Waste Management 549 3,247 1,344 2,811 1,952 2,919 12,822
Total 4,580 22,280 26,567 27,624 21,866 14,557 117,474

Region
Latin America Middle East
East Asia and Europe and and the and North
IDA commitmentsa Africa Pacific Central Asia Caribbean Africa South Asia Total

Sector
Agriculture, Fishing, and Forestry 5,350 1,721 733 88 6 2,324 10,222
Education 4,482 748 114 129 126 4,994 10,591
Energy and Extractives 8,574 832 600 67 138 4,426 14,637
Financial Sector 1,090 218 200 100 27 1,937 3,573
Health 4,790 329 181 204 402 1,548 7,454
Industry, Trade, and Services 3,295 227 304 132 101 1,851 5,910
Information and Communications Technologies 802 221 82 23 9 409 1,546
Public Administration 8,866 871 202 322 13 3,490 13,764
Social Protection 6,432 487 137 177 664 2,046 9,943
Transportation 6,157 2,334 440 462 184 2,845 12,422
Water, Sanitation, and Waste Management 5,501 1,607 262 186 179 3,052 10,787
Total 55,339 9,593 3,256 1,889 1,850 28,923 100,849

Note: Figures are cumulative since fiscal 2014, the first year for which reclassified sector and theme data are available. Starting fiscal 2005, lending includes guarantees and guarantee facilities. Amounts may not add to
totals because of rounding.
a. No account is taken of cancellations subsequent to the original commitment. IBRD loans to IFC are excluded. As of fiscal year 2017, new sector and theme categories have replaced the previous taxonomy as part of
an internal data modernization effort. Past fiscal year data reported here have been revised to reflect the new categories and therefore may not match figures published in previous annual reports. Please visit
projects.worldbank.org/theme for more information on changes.
IBRD and IDA Cumulative Lending, by Country | Fiscal 1945–2018
millions of dollars

IBRD IDA IBRD/IDA

Country Amount Amount Amount

Afghanistan 4,086 4,086

Africa (regional) 354 13,552 13,906
Albania 1,456 950 2,406
Algeria 5,892 5,892
Angola 1,442 1,024 2,466
Antigua and Barbuda 10 10
Argentina 34,139 34,139
Armenia 978 1,408 2,385
Australia 418 418
Austria 106 106
Azerbaijan 2,864 1,128 3,993
Bahamas, The 43 43
Bangladesh 46 29,202 29,248
Barbados 153 153
Belarus 1,685 1,685
Belgium 76 76
Belize 131 131
Benin 2,341 2,341
Bhutan 350 350
Bolivia 1,132 2,810 3,942
Bosnia and Herzegovina 666 1,440 2,106
Botswana 1,041 16 1,057
Brazil 60,294 60,294
Bulgaria 3,260 3,260
Burkina Faso 2 4,785 4,787
Burundi 5 2,136 2,140
Cabo Verde 54 434 487
Cambodia 1,350 1,350
Cameroon 2,065 3,077 5,141
Central African Republic 966 966
Central America (regional) 32 32
Chad 40 1,552 1,592
Chile 4,427 19 4,446
China 52,072 9,947 62,018
Colombia 25,508 20 25,527
Comoros 179 179
Congo, Dem. Rep. 330 7,367 7,697
Congo, Rep. 392 758 1,150
Costa Rica 2,256 6 2,262
Côte d'Ivoire 3,088 5,338 8,425
Croatia 4,646 4,646
Cyprus 419 419
Czech Republic 776 776
Denmark 85 85
Djibouti 313 313
Dominica 7 105 111
 IBRD IDA IBRD/IDA
Country Amount Amount Amount

Dominican Republic 2,518 22 2,540

East Asia (regional) 17 17
Ecuador 4,673 37 4,709
Egypt, Arab Rep. 18,447 1,984 20,431
El Salvador 2,323 26 2,348
Equatorial Guinea 45 45
Eritrea 549 549
Estonia 151 151
Eswatini 202 8 210
Ethiopia 109 20,206 20,314
Europe and Central Asia (regional) 810 174 984
Fiji 274 274
Finland 317 317
France 250 250
Gabon 874 874
Gambia, The 529 529
Georgia 1,243 1,550 2,792
Ghana 407 9,683 10,090
Greece 491 491
Grenada 32 112 143
Guatemala 3,818 3,818
Guinea 75 1,930 2,006
Guinea-Bissau 493 493
Guyana 80 449 529
Haiti 3 1,942 1,945
Honduras 717 2,320 3,037
Hungary 5,661 5,661
Iceland 47 47
India 60,786 50,932 111,717
Indonesia 52,785 2,875 55,661
Iran, Islamic Rep. 3,413 3,413
Iraq 4,907 509 5,415
Ireland 153 153
Israel 285 285
Italy 400 400
Jamaica 2,730 2,730
Japan 863 863
Jordan 4,927 185 5,112
Kazakhstan 9,164 9,164
Kenya 1,181 11,368 12,549
Kiribati 92 92
Korea, Rep. 15,587 111 15,698
Kosovo 253 253
Kyrgyz Republic 1,491 1,491
Lao PDR 1,598 1,598
Latvia 985 985
Lebanon 3,076 100 3,176
Lesotho 155 720 875
Liberia 156 1,265 1,421
 IBRD IDA IBRD/IDA
Country Amount Amount Amount

Lithuania 491 491

Luxembourg 12 12
Macedonia, FYR 1,455 379 1,833
Madagascar 33 4,599 4,632
Malawi 124 4,375 4,499
Malaysia 4,151 4,151
Maldives 235 235
Mali 2 3,661 3,663
Malta 8 8
Marshall Islands 74 74
Mauritania 146 1,245 1,391
Mauritius 828 20 848
Mexico 55,321 55,321
Micronesia, Fed. Sts. 80 80
Moldova 439 921 1,360
Mongolia 891 891
Montenegro 464 75 539
Morocco 16,780 51 16,831
Mozambique 6,757 6,757
Myanmar 33 3,322 3,355
Namibia 15 15
Nepal 5,868 5,868
Netherlands 244 244
New Zealand 127 127
Nicaragua 234 2,234 2,468
Niger 3,063 3,063
Nigeria 7,143 17,348 24,491
Norway 145 145
a
OECS countries 103 203 306
Oman 157 157
Pacific Islands 21 21
Pakistan 10,427 23,438 33,864
Panama 3,251 3,251
Papua New Guinea 787 613 1,399
Paraguay 1,706 46 1,751
Peru 13,099 13,099
Philippines 18,766 294 19,060
Poland 16,159 16,159
Portugal 1,339 1,339
Romania 14,018 14,018
Russian Federation 14,151 14,151
Rwanda 3,788 3,788
Samoa 269 269
São Tomé and Príncipe 148 148
Senegal 165 4,988 5,153
Serbia 3,183 689 3,872
Seychelles 62 62
Sierra Leone 19 1,401 1,420
Singapore 181 181
 IBRD IDA IBRD/IDA
Country Amount Amount Amount

Slovak Republic 425 425

Slovenia 178 178
Solomon Islands 164 164
Somalia 492 492
South Africa 4,146 4,146
South Asia (regional) 766 766
South Sudan 214 214
Spain 479 479
Sri Lanka 793 5,868 6,661
St. Kitts and Nevis 23 2 25
St. Lucia 37 71 108
St. Vincent and the Grenadines 12 69 81
Sudan 166 1,353 1,519
Syrian Arab Republic 613 47 661
Taiwan, China 329 15 345
Tajikistan 1,091 1,091
Tanzania 319 13,645 13,964
Thailand 9,143 125 9,268
Timor-Leste 15 118 133
Togo 20 1,354 1,374
Tonga 154 154
Trinidad and Tobago 334 334
Tunisia 10,214 75 10,289
Turkey 40,411 179 40,590
Turkmenistan 90 90
Tuvalu 54 54
Uganda 9 9,367 9,376
Ukraine 12,449 12,449
Uruguay 4,387 4,387
Uzbekistan 2,029 2,510 4,540
Vanuatu 148 148
Venezuela, RB 3,328 3,328
Vietnam 3,458 20,508 23,966
Yemen, Rep. 5,055 5,055
Yugoslavia 6,091 6,091
Zambia 679 4,086 4,765
Zimbabwe 983 662 1,645

Overall total 704,348 369,544 1,073,892

Note: Effective fiscal 2005, lending includes guarantees and guarantee facilities. Joint IBRD-IDA operations are counted only once, as
IBRD operations. When more than one loan is made for a single project, the operation is counted only once. Commitments in regional
projects are classified in this table as regional projects and are not counted as commitments of the individual countries involved under
the regional project. IDA figures exclude the Heavily Indebted Poor Countries (HIPC) grants of $45.5 million to Côte d'Ivoire in fiscal
2009 and a Pandemic Emergency Financing (PEF) grant of $50 million in 2017.

A blank space indicates zero. Project counts for countries are not included in this table, as approved operations may be reclassified as
supplemental or additional financing operations during the life of the project. Consequently, total project counts may fluctuate from year
to year. The commitment totals to countries, however, remain constant regardless of the project's classification.

a. OECS = Organization of Eastern Caribbean States.

Active Portfolio by Region and Sector | June 30, 2018

Net commitments
Region ($ billions) (percent)
Africa 70.7 31
East Asia and Pacific 35.3 15
Europe and Central Asia 26.5 12
Latin America and the Caribbean 28.2 12
Middle East and North Africa 17.0 7
South Asia 52.3 23

Total 230.0 100

Net commitments
Sectora ($ billions) (percent)
Agriculture, Fishing, and Forestry 20.9 9
Education 18.5 8
Energy and Extractives 35.0 15
Financial Sector 8.9 4
Health 15.2 7
Industry, Trade, and Services 13.2 6
Information and Communications Technologies 2.8 1
Public Administration 20.4 9
Social Protection 17.5 8
Transportation 45.2 20
Water, Sanitation, and Waste Management 32.5 14

Total 230.0 100

Note: Portfolio of includes IBRD/IDA operations only.

a. As of fiscal year 2017, new sector and theme categories have replaced the previous taxonomy as part
of an internal data modernization effort. Past fiscal year data reported here have been revised to reflect
the new categories and therefore may not match figures published in previous annual reports. Due to
methodological changes in fiscal 2017, past year's theme data is not comparable and cannot be
combined; it is therefore excluded here. Please visit projects.worldbank.org/sector and
projects.worldbank.org/theme for more information on changes.
Summaries of Operations Approved during Fiscal 2018
d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Great Lakes Region Displaced Persons and Border Communities Project (Additional
f Financing) improves access to livelihoods and socio-economic infrastructure for displaced people
AFR Africa (Regional) P163895 7/25/2017 g IPF Yes - Yes - 3.0 2.3 -
and host communities in target areas of the territory of the Republic of Zambia, and supports
regional learning on development responses to forced displacement.

g West African Economic and Monetary Union Affordable Housing Finance Project expands
AFR Africa (Regional) P161658 9/28/2017 2023 / 2048 c,g IPF - - No - 155.0 114.9 -
access to long-term housing financing in WAEMU, including for underserved households.
Third South West Indian Ocean Fisheries Governance and Shared Growth Project improves
h
AFR Africa (Regional) management of marine areas and fisheries in targeted zones and strengthens fisheries value P155642 9/29/2017 2028 / 2037 l IPF - - Yes 5.0 - -
chains in the Seychelles.
Third South West Indian Ocean Fisheries Governance and Shared Growth Project improves
h
AFR Africa (Regional) management of marine areas and fisheries in targeted zones and strengthens fisheries value P163800 9/29/2017 gu IPF - - Yes 5.0 - -
chains in the Seychelles.
West African Power Pool (WAPP) - Côte d’Ivoire, Liberia, Sierra Leone, and Guinea Power
Interconnection Project (Additional Financing) helps reduce the cost of electricity supply at
i
AFR Africa (Regional) the utility level for Liberia and Sierra Leone and increases the amount of electricity traded among P163033 11/17/2017 2024 / 2055 c,g IPF Yes - Yes - 122.4 86.9 -
all the participating countries. It will also help increase the technical integration of the WAPP
network.
Sahel Irrigation Initiative Support Project improves stakeholders' capacity to develop and
j
AFR Africa (Regional) manage irrigation and to increase irrigated areas using a regional ‘solutions’ approach in P154482 12/5/2017 2024 / 2055 c,g IPF - - Yes - 170.0 121.0 -
participating countries across the Sahel.
k West Africa Coastal Areas Resilience Investment Project strengthens the resilience of
AFR Africa (Regional) P162337 4/9/2018 2023 / 2056 c,g IPF - - Yes - 190.0 129.8
targeted communities and areas in coastal Western Africa.
West Africa Regional Communications Infrastructure Project (Additional Financing)
l
AFR Africa (Regional) increases the geographical reach of broadband networks and reduces the costs of P161836 4/25/2018 2024 / 2056 c IPF Yes - No - 20.0 13.9
communications services in Burkina Faso
Strengthening the Capacity of Regional Financial Institutions in the Central African
m Economic and Monetary Community Region Project strengthens the capacity of selected
AFR Africa (Regional) P161368 5/4/2018 2024 / 2056 c,g IPF - - No - 35.0 24.3
Central Africa Economic and Monetary Community regional financial institutions to implement
their mandates in the areas of financial stability, inclusion, and integrity.
Regional Disease Surveillance Systems Enhancement (Phase Three) strengthens national
n and regional cross-sectoral capacity for collaborative disease surveillance and epidemic
AFR Africa (Regional) P161163 5/7/2018 2024 / 2056 c,g IPF - - Yes - 120.0 82.9
preparedness in West Africa, and provides immediate and effective response in the event of an
eligible emergency.
Unique Identification for Regional Integration and Inclusion Project increases the number of
o
AFR Africa (Regional) persons in Côte d’Ivoire and Guinea who have government-recognized proof of unique identity P161329 6/5/2018 2023 / 2056 c,g IPF - - Yes - 122.1 82.9 -
that facilitates their access to services.
Improved Investment Climate within the Organization for the Harmonization of Business
Laws in Africa Project (Additional Financing) strengthens the Organization for the
p
AFR Africa (Regional) Harmonization of Business Law in Africa's institutional capacity to support, in its member P164728 6/8/2018 g IPF Yes - No - 15.0 10.5 -
countries, selected aspects of investment climate reforms, including improved corporate financial
reporting.
Tanzania-Zambia Transmission Interconnector Project establishes cross-border transmission
q
AFR Africa (Regional) capacity between the Southern African Power Pool and the Eastern Africa Power Pool to enable P163752 6/18/2018 2024 / 2056 c,g IPF - - Yes - 465.0 323.3 -
regional power trade.
Local Development Project (Additional Financing) improves access of poor households to
AFR Angola basic services and economic opportunities, and enhances local institutional capacities among P160105 7/25/2017 2022 / 2047 l IPF Yes - Yes 70.0 - -
Angola's municipalities.
Health System Performance Strengthening Project increases the utilization and the quality of
AFR Angola P160948 3/22/2018 2025 / 2048 l IPF - - Yes 110.0 - -
health care services in target provinces and municipalities.
Commercial Agriculture Development Project increases productivity and market access for
AFR Angola P159052 5/29/2018 2023 / 2048 l IPF - - Yes 130.0 -
selected beneficiaries in the project areas.
Second Water Institutional Development Project (Additional Financing) strengthens the
AFR Angola institutional capacity of selected water sector agencies and increases water service coverage in P167201 6/21/2018 2024 / 2048 l IPF Yes - No 150.0 - -
target cities.
First Fiscal Reform and Growth Development Policy Financing supports macroeconomic
stability by strengthening fiscal management and promotes economic growth by increasing
AFR Benin P160700 11/28/2017 2024 / 2055 c DPF - - Yes - 40.0 28.5 -
agricultural productivity and competitiveness and strengthening the power sector’s financial
viability and production capacity.
Rural Water Supply Universal Access Program-for-Results increases access to water supply
AFR Benin P164186 5/15/2018 2024 / 2052 c,g PforR - - Yes - 220.0 149.6
services and strengthens service delivery arrangements in selected rural areas.
Livestock Sector Development Support Project enhances productivity and commercialization
of non-pastoral animal production in selected vhains, strengthens the country's capacity to
AFR Burkina Faso P159476 7/20/2017 2023 / 2055 c IPF - - Yes - 60.0 45.3 -
respond to severe crises affecting the livestock sector, and provides immediate and effective
response in the event of an eligible crisis or emergency.
Local Government Support Project (Additional Financing) strengthens the national capacity
AFR Burkina Faso for decentralization and the institutional capacities of communes in all regions, and increases P162742 8/4/2017 g IPF Yes - Yes - 60.0 43.4 -
citizen participation in local governance.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Second Energy and Fiscal Management Development Policy Financing supports
government efforts to improve the financial sustainability of the energy sector, enable private
AFR Burkina Faso P163283 12/14/2017 2024 / 2055 c,g DPF - - No - 75.0 53.8 -
sector participation in the energy sector and diversify the energy mix, and strengthen tax
collection and public procurement processes.
Bagré Growth Pole Project (Additional Financing) increases private investment, employment
AFR Burkina Faso P161234 3/29/2018 2024 / 2055 c IPF Yes - Yes - 50.0 35.5 -
generation, and agricultural production in the project area.
Water Supply and Sanitation Program-for-Results improves access to water supply and
AFR Burkina Faso P164345 6/26/2018 2026 / 2048 c,g PforR - - Yes - 300.0 205.8 -
sanitation services in targeted areas.
Local Development for Jobs Project creates income generating oportunities for individuals and
AFR Burundi businesses and improves acces to basic infrastructure in selected regions, targeting vulnerable P155060 8/22/2017 g IPF - - Yes - 50.0 36.2 -
populations and medium, small, and micro-enterprises in selected value chains.
Landscape Restoration and Resilience Project restores land productivity in targeted degraded
AFR Burundi landscapes and, in the event of an eligible crisis or emergency, provides immediate and effective P160613 4/11/2018 g IPF - - Yes - 30.0 20.6
response to said eligible crisis or emergency.
Early Grade Learning Project improves student learning and progression in early grades in
AFR Burundi Burundi and provides an immediate and effective response in the event of an eligible crisis or P161600 5/24/2018 g IPF - - No - 40.0 27.6
emergency.
Access to Finance for Micro, Small and Medium-Sized Enterprises Project increases access
AFR Cabo Verde P163015 2/15/2018 2028 / 2058 c IPF - - Yes - 15.0 10.6 -
to finance to micro, small, and medium-sized enterprises.
State-Owned Enterprises Related Fiscal Management Project strengthens state-owned
AFR Cabo Verde P160796 6/4/2018 2028 / 2057 c IPF - - No - 20.0 13.8 -
enterprises related fiscal management.
Inclusive and Resilient Cities Development Project improves urban management and access
AFR Cameroon to infrastructure in selected urban areas, particularly for poor neighborhoods, and increases P156210 8/22/2017 2023 / 2047 c IPF - - Yes - 160.0 119.1 -
resilience to natural hazards and other eligible crises.
Strengthening Public Sector Effectiveness and Statistical Capacity Project improves the
AFR Cameroon effectiveness of public spending in selected sectors and strengthens the statistics system for P151155 11/20/2017 2023 / 2047 c IPF - - Yes - 31.0 22.2 -
evidence-based decision-making.
Fiscal Consolidation and Inclusive Growth Development Policy Financing supports
AFR Cameroon government efforts to improve fiscal sustainability and public sector management, enhance P163657 12/20/2017 2025 / 2047 c DPF - - No 200.0 - -
competitiveness, and improve social services and scale up social protection.
Health System Performance Reinforcement Project (Additional Financing) increases
AFR Cameroon utilization and improves the quality of health services with a particular focus on reproductive, P164954 5/1/2018 2023 / 2048 c,g IPF Yes - Yes - 36.0 25.0
maternal, child, and adolescent health and nutrition services.
Community Development Program Support Project Response to Forced Displacement
(Additional Financing) strengthens local public finance management and participatory
AFR Cameroon P164803 5/1/2018 2023 / 2048 c,g IPF Yes - No - 48.0 33.3
development processes in communes for the delivery of quality and sustainable social and
economic infrastructure.
Social Safety Nets for Crisis Response (Additional Financing) supports the establishment of
AFR Cameroon a basic national safety net system, including piloting targeted cash transfers and public works P164830 5/1/2018 2023 / 2048 c,g IPF Yes - Yes - 60.0 41.5
programs for the poorest and most vulnerable people in participating areas of Cameroon.
Education Reform Support Project improves equitable access to quality basic education, with a
AFR Cameroon P160926 5/1/2018 2023 / 2048 c,g IPF - - Yes - 130.0 88.0
focus on selected disadvantaged areas.
Water and Electricity Upgrading Project enhances the operational performance of
Société des Eaux de Centrafrique (national urban water utility) and Energie Centrafricaine
AFR Central African Republic P162245 1/17/2018 g IPF - - Yes - 20.0 14.3 -
(national electric utility) and increases access to improved water supply and electricity in Bangui
and selected towns.
Natural Resources Governance Project improves governance and strengthens capacity in the
AFR Central African Republic P161973 3/12/2018 g IPF - - Yes - 10.0 7.1 -
forest and mining sectors in the Central African Republic.
Second State Consolidation Development Policy Financing supports the reestablishment of
AFR Central African Republic P164442 4/12/2018 g DPF - - Yes - 25.0 17.3
basic fiscal management and transparency, as well as economic recovery.
Emergency Basic Education Support Project improves access to quality basic education and
AFR Central African Republic P164295 6/6/2018 g IPF - - Yes - 25.0 17.4 -
strengthens capacity in education sector management.
Emergency Food and Livestock Crisis Response (Additional Financing) improves the
AFR Chad availability of and access to food and livestock productive capacity for targeted beneficiaries P163258 9/29/2017 g IPF Yes - Yes - 16.0 11.4 -
affected by the conflict in the Central African Republic on the recipient's territory.
Climate Resilient Agriculture and Productivity Enhancement Project promotes the adoption
AFR Chad of improved technologies leading to increased productivity and enhances the climate resilience of P162956 4/30/2018 g IPF - - Yes - 41.0 28.4
agricultural production systems in the targeted areas.
Productive Inclusion Project establishes the core building blocks of a safety net system and
AFR Congo, Democratic Republic of P163962 6/28/2018 g IPF - - Yes - 200.0 139.1 -
improves the access of poor households to productive safety nets interventions.
Commercial Agriculture Project improves productivity of farmers and market access for
producer groups and micro, small, and medium agribusiness enterprises, in selected zones of the
AFR Congo, Rep. P159979 7/13/2017 2022 / 2047 c IPF - - Yes - 100.0 73.0 -
territory of the recipient, and provides immediate and effective response in the event of an eligible
crisis or emergency.
Statistics Capacity Building Project (Additional Financing) strengthens the National
AFR Congo, Rep. Statistical System in the production and dissemination of quality statistics relevant for policies and P162345 4/5/2018 2032 / 2038 l IPF Yes - No 25.0 -
decision making, and promotes the demand for statistical information.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Support to Enterprise Development and Competitiveness Project fosters micro-, small, and
AFR Congo, Rep. medium enterprise competitiveness in the targeted sectors and targeted geographic areas of the P161590 5/30/2018 2025 / 2039 l IPF - - Yes 25.0 -
Republic of Congo.
Second Fiscal Management, Education, Energy, and Cocoa Reforms Development Policy
Financing enhances tax revenue collection and public procurement, strengthens efficiency and
AFR Côte d’Ivoire equity in the education sector, improves the performance of the electricity sector by enabling P163284 12/5/2017 2022 / 2047 c DPF - - Yes - 125.0 88.8 -
private sector participation and diversification, and consolidates transparency in the management
of the cocoa sector.
Multisectoral Nutrition and Child Development Project increases the coverage of early
AFR Côte d’Ivoire P161770 1/19/2018 2023 / 2047 c IPF - - Yes - 50.0 36.6 -
childhood nutrition and development interventions in selected areas in Côte d’Ivoire.
Land Policy Improvement and Implementation Project builds the capacities and institutions
AFR Côte d’Ivoire necessary to support implementation of the national rural land tenure security program and to P157206 3/28/2018 2023 / 2047 c IPF - - Yes - 50.0 35.6 -
register customary land rights in selected rural areas.
Cashew Value-Chain Competitiveness Project increases cashew productivity, quality and
AFR Côte d’Ivoire P158810 4/10/2018 2021 / 2048 l IPF - - Yes 200.0 -
value-added, benefiting smallholder farmers and the cashew processing industry in Côte d’Ivoire.
E-Agriculture Project increases access to digital services and leverages digital platforms to
AFR Côte d’Ivoire P160418 5/25/2018 2023 / 2048 c IPF - - Yes - 70.0 46.9
improve farm productivity and access to markets.
Greater Abidjan Port–City Integration Project supports the improvement of urban
AFR Côte d’Ivoire management, logistics efficiency, port accessibility, and urban mobility in the Greater Abidjan Area P159697 6/29/2018 2031 / 2046 c IPF - - Yes - 315.0 215.6 -
and provides immediate and effective response to an eligible crisis or emergency.
CI-ENERGIES Guarantee Project refinances the short-term liabilities of the Energy Society of
AFR Côte d’Ivoire Côte d’Ivoire to improve the electricity sectors’ financial performance and its ability to attract P164145 6/29/2018 gu IPF - - No - 280.0 - -
investments to support the shift toward cleaner energy.
Enhancing Shared Prosperity through Equitable Services Program-for-Results (Additional
AFR Ethiopia Financing) improves equitable access to basic services and strengthens accountability systems P161373 9/14/2017 2023 / 2055 c,g PforR Yes - Yes - 700.0 503.0 -
at the decentralized level.
Rural Productive Safety Net Project supports the Government of Ethiopia in improving the
AFR Ethiopia P163438 9/14/2017 g IPF - - Yes - 600.0 426.3 -
effectiveness and scalability of its rural safety net system.
Livestock and Fisheries Sector Development Project increases productivity and
commercialization of producers and processors in selected value chains, strengthens service
AFR Ethiopia P159382 12/12/2017 2024 / 2055 c IPF - - Yes - 170.0 121.1 -
delivery systems in the livestock and fisheries sectors, and responds promptly and effectively to
an eligible crisis or emergency.
General Education Quality Improvement Program-for-Results for Equity improves internal
AFR Ethiopia P163050 12/19/2017 g PforR - - Yes - 300.0 213.6 -
efficiency, equitable access, and quality in general education.
Electrification Program-for-Results increases access to electricity in Ethiopia and enhances
AFR Ethiopia P160395 3/1/2018 2024 / 2055 c PforR - - Yes - 375.0 263.5 -
institutional capacity for planning and implementation of the Government’s electrification program.
Urban Institutional and Infrastructure Development Program-for-Results enhances the
AFR Ethiopia institutional performance of participating urban local governments to develop and sustain urban P163452 3/14/2018 2024 / 2055 c,g PforR - - Yes - 600.0 418.4 -
infrastructure, services, and local economic development.
Competitiveness and Job Creation Project (Additional Financing) contributes to job creation
AFR Ethiopia by attracting investments and improving competitiveness of enterprises in the targeted industrial P164429 6/25/2018 2024 / 2056 c IPF Yes - No - 175.0 121.7 -
zones and their linked domestic enterprises.
Economic Opportunities Program-for-Results provides economic opportunities for Ethiopians
AFR Ethiopia P163829 6/26/2018 2024 / 2056 c,g PforR - - Yes - 202.0 140.6 -
and refugees in an environmentally and socially sustainable way.
Fiscal Consolidation and Inclusive Growth Development Policy Financing increases
increasing revenue mobilization, stabilizes the wage bill, improves efficiency and transparency in
AFR Gabon procurement practices to strengthen fiscal balance, improves the business climate and P159508 11/7/2017 2023 / 2037 l DPF - - Yes 200.0 - -
strengthens ICT services to enhance competitiveness, and improves the efficiency of health care
delivery and social protection services to protect the poor.
Education Sector Support Program increases access to early childhood development and
AFR Gambia, The P162890 3/28/2018 g IPF - - No - 30.0 20.6 -
basic education and improves quality of teaching and learning.
Electricity Restoration and Modernization Project improves the operational performance of the
AFR Gambia, The National Water and Electricity Company (NAWEC) and improves the capacity of NAWEC to P163568 5/15/2018 g IPF - - Yes - 41.0 28.4
dispatch variable renewable electricity.
Second Macroeconomic Stability for Competitiveness and Growth Development Policy
AFR Ghana Financing strengthens institutions for more predictable fiscal outcomes, P157343 12/20/2017 2023 / 2047 c DPF - - Yes - 200.0 142.4 -
improves competitiveness for job creation, and protects the poor and vulnerable.
Commercial Agriculture Project (Additional Financing) improves agricultural productivity and
AFR Ghana P162525 5/31/2018 2023 / 2048 c IPF Yes - No - 50.0 34.8
production of both smallholder and nucleus farms in selected project intervention areas of Ghana.
Power Sector Recovery Project (Additional Financing) improves the technical and commercial
AFR Guinea P160771 3/16/2018 2024 / 2055 c IPF Yes - No - 25.0 17.6 -
performance of the Electricité de Guinée (national electric utility).
Health Service and Capacity Strengthening Project improves the utilization of reproductive,
AFR Guinea P163140 4/25/2018 2024 / 2056 c,g IPF - - Yes - 45.0 31.2
maternal, neonatal, and child health services in target regions.
Safety Nets and Basic Services Project provides poor communities and households with
AFR Guinea-Bissau P163901 5/18/2018 g IPF - - Yes - 15.0 10.6
greater access to basic service infrastructure and social safety nets.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Strengthening Maternal and Child Health Service Delivery Project improves coverage of
AFR Guinea-Bissau P163954 5/31/2018 g IPF - - Yes - 25.0 17.2
essential maternal and child health services in Guinea-Bissau.
Infrastructure Finance Public Private Partnership Project (Additional Financing) increases
AFR Kenya private investment in the Kenya infrastructure market across sectors, and sustains this P162182 7/5/2017 2022 / 2047 c IPF Yes - No - 50.0 38.4 -
participation over an extended period of time.
Off-grid Solar Access Project for Underserved Counties increases access to modern energy
AFR Kenya P160009 7/26/2017 2022 / 2047 c IPF - - No - 150.0 111.2 -
services in underserved counties of Kenya.
Urban Support Program-for-Results establishes and strengthens urban institutions to deliver
AFR Kenya P156777 7/26/2017 2022 / 2047 c PforR - - Yes - 300.0 214.0 -
improved infrastructure and services in participating countries in Kenya.
Strengthen Governance for Enabling Service Delivery and Public Investment in Kenya
AFR Kenya Program-for-Results improves utilization and transparency of resource management in selected P161387 9/7/2017 2022 / 2047 c PforR - - No - 150.0 110.8 -
service delivery Ministries, Departments, and Agencies.
Secondary Education Quality Improvement Project improves student learning in secondary
AFR Kenya P160083 9/15/2017 2022 / 2047 c IPF - - Yes - 200.0 147.4 -
education and transition from primary to secondary education, in targeted areas.
KenGen Guarantee Project enhances KenGen’s ability to attract long-term private capital for the
AFR Kenya P162422 4/26/2018 gu IPF - - No - 180.0 -
sustainable development of renewable energy.
Industry and Entrepreneurship Project increases innovation and productivity in select private
AFR Kenya P161317 6/15/2018 2023 / 2048 c IPF - - No - 50.0 34.1 -
sector firms.
Disaster Risk Management Development Policy Financing with a Deferred Drawdown
AFR Kenya Option for Catastrophe Risks strengthens the government's institutional, technical, and financial P161562 6/21/2018 2023 / 2048 c DPF - - No - 200.0 135.8 -
capacities to manage the impact of climate and disaster risks.
Smallholder Agriculture Development Project (Additional Financing) increases market
AFR Lesotho output among project beneficiaries in Lesotho's smallholder agriculture sector, and improves the P162397 9/29/2017 2023 / 2047 c IPF Yes - Yes - 10.0 7.2 -
recipient's capacity to respond promptly and effectively to an eligible crisis or emergency.

Transport Infrastructure and Connectivity Project improves access to social services and
AFR Lesotho markets in targeted rural areas of Lesotho, strengthens road safety management capacity, and P155229 11/20/2017 2023 / 2047 c IPF - - No - 18.3 13.0 -
improves Lesotho's capacity to respond promptly and effectively to an eligible crisis or emergency.
Land Administration Project strengthens the institutional capacity of the Liberia Land Authority
AFR Liberia P162893 9/28/2017 g IPF - - Yes - 7.0 5.0 -
and establishes a land administration system.
Fourth Poverty Reduction Support Development Policy Financing strengthens governance,
with particular emphasis on transparency and accountability as well as budget execution and
AFR Liberia P162111 1/24/2018 g DPF - - Yes - 20.0 14.2 -
oversight; addresses key constraints to growth, including electricity; and improves human capital
development, particularly through improved access to education and health.
Second Public Finance Sustainability and Investment Development Policy Financing
AFR Madagascar strengthens the fiscal framework by creating fiscal space to support priority expenditures and P164137 11/16/2017 g DPF - - Yes - 45.0 31.9 -
improves the environment for investment.
Inclusive and Resilient Growth Development Policy Financing tackles the micro‐foundations
AFR Madagascar of inclusive and resilient growth by strengthening the resilience of individuals against shocks and P162279 12/7/2017 g DPF - - Yes - 45.0 31.9 -
creating an enabling environment for economic opportunities in rural communities

Improving Nutrition Outcomes using the Multiphase Programmatic Approach increases

utilization of an evidence-based package of reproductive, maternal and child health and nutrition
AFR Madagascar P160848 12/12/2017 g IPF - - Yes - 80.0 56.7 -
interventions; improves key nutrition behaviors known to reduce stunting in targeted regions; and
provides immediate and effective response to an eligible crisis or emergency.
Financial Inclusion Project promotes the financial inclusion of individuals and MSMEs in
AFR Madagascar P161491 2/28/2018 2024 / 2055 c IPF - - Yes - 45.0 31.6 -
Madagascar.
Basic Education Support Project improves learning and promotion within the first two sub-
AFR Madagascar P160442 3/29/2018 2024 / 2055 c IPF - - Yes - 55.0 37.8 -
cycles of basic education.
Integrated Urban Development and Resilience Project for Greater Antananarivo enhances
urban living conditions and flood resilience in selected low-income neighborhoods of Greater
AFR Madagascar P159756 5/17/2018 2024 / 2056 c IPF - - Yes - 75.0 51.6
Antananarivo and improves the government's capacity to respond promptly and effectively to an
eligible crisis or emergency.
Electricity Sector Operations and Governance Improvement Project (Additional Financing)
improves the operational performance of the national electricity utility and the reliability of
AFR Madagascar P164318 6/14/2018 2024 / 2056 c IPF Yes - No - 40.0 27.9 -
electricity supply in the project area, and provides immediate and effective response in the event
of an eligible crisis or emergency.
Shire Valley Transformation Program (Phase One) provides access to reliable gravity fed
AFR Malawi irrigation and drainage services, secures land tenure for smallholder farmers, and strengthens P158805 10/18/2017 2024 / 2055 c IPF - - Yes - 160.0 113.3 -
management of wetlands and protected areas in the Shire Valley of Malawi.
Lilongwe Water and Sanitation Project increases access to improved water services and safely
AFR Malawi P163794 12/20/2017 2024 / 2055 c,g IPF - - Yes - 100.0 71.2 -
managed sanitation services in Lilongwe City.
Improving Mali's Statistical System strengthens the capacity of the National Statistical System
AFR Mali to produce and publicly disseminate statistics through support to institutional development and P160977 7/6/2017 g IPF - - Yes - 20.0 14.6 -
data production.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Rural Mobility and Connectivity Project improves and sustains road access of farming
AFR Mali communities to markets and basic services in the project area, and provides an immediate and P160505 7/17/2017 2023 / 2055 c IPF - - Yes - 70.0 52.7 -
effective response in the event of an eligible crisis or emergency.
Livestock Sector Development Support Project enhances productivity and commercialization
AFR Mali of non-pastoral animal production in selected value chains, and strengthens the country’s capacity P160641 2/28/2018 2024 / 2055 c,g IPF - - Yes - 60.0 42.4 -
to respond to an eligible crisis or emergency.
Economic & Environmental Rehabilitation of the Niger River Project demonstrates the
effectiveness of navigation and port service improvement measures and the feasibility of
AFR Mali environmental restoration and livelihood improvement activities at targeted sites in the Niger Inner P151909 3/16/2018 2024 / 2055 c,g IPF - - Yes - 27.8 19.2 -
Delta, and improves the Recipient’s capacity to respond promptly and effectively in the event of
an eligible crisis or emergency.
Second Fiscal Consolidation and Private Sector Support Development Policy Financing
AFR Mauritania P163057 12/20/2017 g DPF - - Yes - 26.0 18.6 -
supports fiscal consolidation and private sector participation in non‐extractives sectors.
Supporting Gas Project Negotiations and Enhancing Institutional Capacities supports the
government's capacity to drive negotiation towards a final investment decision, and lays the
AFR Mauritania P163563 3/16/2018 g IPF - - Yes - 20.0 14.3 -
foundations for the gas sector’s contribution to the economy through enhanced legal and
regulatory frameworks and capacity building.
National Statistics and Data for Development Project improves the production and
dissemination of quality socioeconomic statistics, and supports the use of data in evidence-based
AFR Mozambique P162621 7/6/2017 g IPF - - Yes - 62.0 45.3 -
policy making through improved capacity for cpatial development planning and aid data
management.
Power Efficiency and Reliability Improvement Project improves the operational capacity of the
AFR Mozambique P158249 9/28/2017 g IPF - - No - 150.0 106.6 -
electricit network in the project areas and the operational efficiency of Electrcity of Mozambique.
Mining and Gas Technical Assistance (Additional Financing) strengthens the capacity and
AFR Mozambique governance systems of key institutions to manage the mining and hydrocarbon sectors in P161683 11/1/2017 g IPF Yes - Yes - 28.0 19.9 -
Mozambique.
Primary Health Care Strengthening Program-for-Results improves the utilization and quality of
AFR Mozambique reproductive, maternal, child, and adolescent health and nutrition services, particularly in P163541 12/20/2017 g PforR - - Yes - 80.0 57.0 -
underserved areas.
Integrated Feeder Road Development Project enhances road access in selected rural areas in
AFR Mozambique support of the livelihoods of local communities and provides immediate response to an eligible P158231 5/8/2018 g IPF - - Yes - 150.0 106.2
crisis or emergency as needed.
Smallholder Irrigated Agriculture and Market Access Project improves smallholder agriculture
AFR Mozambique productivity and market access in the project areas developed with irrigation and provides P164431 6/29/2018 g IPF - - Yes - 55.0 38.3 -
immediate and effective response to an eligible crisis or emergency.
AFR Niger Fostering Rural Growth Reform Development Policy Financing fosters rural growth. P163318 12/5/2017 2024 / 2055 c,g DPF - - Yes - 120.0 85.1 -
Skills Development for Growth Project (Additional Financing) helps improve the
AFR Niger effectiveness of formal technical and vocational training, short-term skills development, and P163467 4/10/2018 g IPF Yes - Yes - 50.0 34.4
apprenticeship programs in priority sectors.
Youth Employment and Productive Inclusion Project expands income-generating activities for
AFR Niger P163157 6/14/2018 g IPF - - Yes - 30.0 20.7 -
youths in selected poor areas of Niger.
Electricity Transmission Project increases the transfer capacity of the transmission network in
AFR Nigeria P146330 2/15/2018 2023 / 2052 c IPF - - Yes - 486.0 335.8 -
Nigeria.
Erosion and Watershed Management Project (Additional Financing) reduces vulnerability to
AFR Nigeria P164082 6/27/2018 2023 / 2053 c IPF Yes - Yes - 400.0 279.8 -
soil erosion in targeted sub-watersheds.
Accelerating Nutrition Results Project increases the utilization of quality, cost-effective nutrition
AFR Nigeria services for pregnant and lactating women, adolescent girls, and children under five years of age P162069 6/27/2018 2023 / 2048 c IPF - - Yes - 225.0 156.5 -
in select areas of Nigeria.
Electrification Project increases access to electricity services for households; public educational
AFR Nigeria P161885 6/27/2018 2023 / 2048 c IPF - - Yes - 350.0 243.4 -
institutions; and underserved micro-, small, and medium enterprises.
Fiscal Governance and Institutions Project improves the credibility of public finance and
AFR Nigeria P163540 6/27/2018 2023 / 2048 c IPF - - Yes - 125.0 87.0 -
national statistics.
AFR Nigeria For Women Project supports improved livelihoods for women in targeted areas of Nigeria. P161364 6/27/2018 2023 / 2048 c IPF - - Yes - 100.0 69.6 -
Polio Eradication Support Project (Additional Financing) assists Nigeria, as part of a global
AFR Nigeria polio eradication effort, to achieve and sustain at least 80 percent coverage with oral poliovaccine P165247 6/27/2018 2023 / 2048 c IPF Yes - No - 150.0 104.4 -
immunization in every state, and sustain national routine immunization coverage.
States Fiscal Transparency, Accountability and Sustainability Program-for-Results
AFR Nigeria P162009 6/27/2018 2023 / 2048 c PforR - - Yes - 750.0 521.6 -
strengthens fiscal transparency, accountability, and sustainability in participating states.
Priority Skills for Growth Program-for-Results expands opportunities for the acquisition of
AFR Rwanda P252350 7/5/2017 2023 / 2055 c PforR - - Yes - 120.0 87.6 -
quality, market-relevant skills in selected economic sectors.
First Programmatic Energy Sector Development Policy Financing enables fiscally
AFR Rwanda P162671 12/1/2017 2024 / 2055 c DPF - - Yes - 125.0 88.5 -
sustainable expansion of electricity services in Rwanda.
Strengthening Social Protection Project improves the effectiveness of Rwanda’s social
AFR Rwanda protection system, notably the flagship Vision 2020 Umurenge Program (VUP), for targeted P162646 12/18/2017 2024 / 2055 c IPF - - Yes - 80.0 56.7 -
vulnerable groups.
Stunting Prevention and Reduction Project contributes to the reduction in the stunting rate
AFR Rwanda P164845 2/28/2018 2024 / 2055 c IPF - - Yes - 25.0 17.6 -
among children under 5 years of age (with a focus on under 2) in the targeted districts.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Fourth Transformation of Agriculture Sector Program-for-Results (Phase Two) promotes
AFR Rwanda P161876 5/29/2018 2024 / 2056 c PforR - - No - 100.0 69.6
the commercialization of agriculture value chains in Rwanda.
Second Strengthening Growth and Fiscal Policy Development Policy Financing helps the
AFR São Tomé and Príncipe government introduce growth-enabling reforms in the financial sector, business environment, and P161707 5/18/2018 g DPF - - No - 6.0 4.2
infrastructure; generate fiscal resources and savings; and improve the quality of expenditures.
Institutional Capacity Building Project contributes to improved capacity of public institutions to
AFR São Tomé and Príncipe supervise the banking system, promote access to finance, manage public finances, and produce P162129 5/18/2018 g IPF - - Yes - 12.0 8.3
national statistics.
Urban Water and Sanitation Project (Additional Financing) improves access to water and
AFR Senegal P162537 7/6/2017 2023 / 2055 c IPF Yes - Yes - 30.0 23.1 -
sanitation services in selected urban areas in a financially sustainable manner.
Municipal and Agglomerations Support Program-for-Results improves local government
AFR Senegal financing and enhances the performance of participating urban local governments in managing P157097 1/30/2018 2024 / 2055 c PforR - - Yes - 110.0 79.7 -
public investments.
Quality Improvement and Equity of Basic Education (Additional Financing) helps improve
AFR Senegal learning outcomes for early grades, increases access to science and mathematics tracks for P163575 5/31/2018 2024 / 2056 c IPF Yes - Yes - 60.0 40.2
secondary schools, and improves equity in access to basic education.
Saint-Louis Emergency Recovery and Resilience Project reduces the vulnerability of
AFR Senegal populations to coastal hazards along the Langue de Barbarie and strengthens urban and coastal P166538 6/7/2018 2024 / 2056 c IPF - - No - 30.0 20.3 -
resilience planning of the city of Saint-Louis.
Rural Water Supply and Sanitation Project increases access to improved water and sanitation
AFR Senegal P164262 6/22/2018 2028 / 2043 c IPF - - No - 130.0 88.7 -
services in selected rural areas and strengthens capacity for water resources management.
Extractive Industries Technical Assistance Project (Phase Two) strengthens governance,
AFR Sierra Leone P160719 11/22/2017 g IPF - - Yes - 20.0 14.2 -
knowledge, and sustainability of the extractives sector in Sierra Leone.
First Productivity and Transparency Support Credit Development Policy Financing
AFR Sierra Leone (Supplemental Financing) increases productivity in selected economic sectors and improves P165639 11/30/2017 g DPF - - No - 10.0 7.2 -
transparency and accountability in selected government decision making processes.
Freetown Emergency Recovery Project rehabilitates selected critical infrastructure and
AFR Sierra Leone P166075 2/22/2018 g IPF - - No - 10.0 7.1 -
strengthens government capacity for managing disaster risk.
Resilient Natural Resource Management for Tourism and Growth improves management of
AFR Tanzania natural resources and tourism assets in priority areas of Southern Tanzania and increases access P150523 9/28/2017 2023 / 2055 c IPF - - Yes - 150.0 106.6 -
to alternative livelihood activities.
Sustainable Rural Water Supply and Sanitation Program-for-Results increases access to
AFR Tanzania rural water supply and sanitation services in participating districts and strengthens the capacity of P163732 6/26/2018 2024 / 2056 c PforR - - Yes - 350.0 243.4 -
select sector institutions to sustain service delivery.
Economic Governance Project improves public investment management, domestic revenue
AFR Togo mobilization and public accountability, and monitoring mechanisms for better service delivery in P158078 10/3/2017 g IPF - - Yes - 15.0 10.7 -
priority sectors.
Energy Sector Support and Investment Project improves the operational performance of the
AFR Togo P160377 12/20/2017 2024 / 2055 c IPF - - Yes - 35.0 25.2 -
power sector and increase access to electricity in the capital city, Lomé.
Fiscal Management and Infrastructure Reform First Development Policy Financing
AFR Togo enhances tax revenues, improves the efficiency of tax collection and public investment spending, P159844 12/20/2017 g DPF - - No - 51.9 37.0 -
and strengthens the financial viability and service delivery in key infrastructure sectors.
Support to Municipal Infrastructure Development Program-for-Results (Additional
AFR Uganda Financing) enhances the institutional performance of local governments to improve urban service P163515 5/15/2018 2024 / 2056 c,g PforR Yes - Yes - 360.0 249.0
delivery.
Integrated Water Management and Development Project improves access to water supply and
AFR Uganda sanitation services, integrated water resources management, and operational performance of P163782 6/14/2018 2024 / 2056 c,g IPF - - Yes - 280.0 194.8 -
water and sanitation service providers in project areas.
Education Enhancement Project improves the quality of teaching and learning in mathematics
AFR Zambia and science in targeted primary and secondary schools and increases equitable access to P158570 8/29/2017 2023 / 2047 c IPF - - No - 60.0 43.2 -
secondary education.
Second Scaling Solar Guarantee increases solar electricity generation capacity and diversify
AFR Zambia P163958 12/20/2017 gu IPF - - No - 2.8 - -
electricity generation sources in Zambia.
Higher Education Improvement Project improves the quality and relevance of higher education
EAP Cambodia and research, mainly in science, technology, engineering, and mathematics (STEM) and P162971 4/26/2018 2024 / 2056 c IPF - - No - 90.0 61.8
agriculture, at targeted higher education institutions, and improves governance in the sector.
Road Asset Management Project (Phase Two, Additional Financing) improves the condition,
EAP Cambodia P165249 6/21/2018 2024 / 2056 c IPF Yes - No - 110.0 76.5 -
safety, and climate resilience of selected national road corridors in Cambodia.
Hunan Integrated Management of Agricultural Land Pollution Project demonstrates a risk-
EAP China based integrate approach to managing heavy metal pollution in agricultural land for safety of P153115 8/22/2017 2023 / 2043 l IPF - - Yes 100.0 - -
agricultural production areas in selected counties in Hunan.
Guangdong Compulsory Education Project improves learning facilities and teaching quality in
EAP China P154621 10/31/2017 2023 / 2042 l IPF - - No 120.0 - -
selected public primary and junior secondary schools in project counties.
Jiangxi Farm Produce Distribution System Development improves the distribution systems of
EAP China P147009 12/15/2017 2023 / 2041 l IPF - - No 150.0 - -
selected farm products in participating counties of Jiangxi.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Hubei Inland Waterway Improvement Project improves inland waterway transport capacity and
EAP China P158717 5/18/2018 2023 / 2043 l IPF - - Yes 150.0 -
reliability along the Han River in support of low carbon development.
Liaoning Safe and Sustainable Urban Water Supply Project improves water quality and
EAP China P158713 6/6/2018 2024 / 2044 l IPF - - No 250.0 - -
operational efficiency of selected water supply utilities in the project areas.
Jiangxi Integrated Rural and Urban Water Supply and Wastewater Management Project
EAP China increases access to and improves the operating efficiency of the water supply system, and pilots P158760 6/6/2018 2024 / 2046 l IPF - - No 200.0 - -
improved wastewater management services in selected counties in Jiangxi Province.
Zhejiang Qiandao Lake and Xin'an River Basin Water Resources and Ecological
Environment Protection Project strengthens integrated pollution and watershed management
EAP China P159870 6/6/2018 2024 / 2043 l IPF - - No 150.0 - -
and increases access to improved water supply in selected landscapes in support of Zhejiang’s
program for the protection of Qiandao Lake and Xin’an River Basin.
Hezhou Urban Water Infrastructure and Environment Improvement Project improves flood
EAP China P158622 6/13/2018 2025 / 2050 l IPF - - No 150.0 - -
risk management and reduces discharge of water pollutants in Hezhou Municipality.
Anhui Aged Care System Demonstration Project supports the government of Anhui in
EAP China developing and managing a diversified, three-tiered aged care service delivery system for the P154716 6/19/2018 2023 / 2043 l IPF - - Yes 118.0 - -
elderly, particularly those with limited functional ability.
Guangxi Poverty Reduction Program-for-Results enhances the impact and efficiency of the
EAP China P163138 6/22/2018 2024 / 2044 l PforR - - No 400.0 - -
Guangxi Consolidated Poverty Reduction Program in the targeted counties.
Pacific Aviation Safety Office Reform Project (Second Additional Financing) strengthens the
r
EAP East Asia and Pacific (Regional) coordination capacity of the Pacific Aviation Safety Office to deliver regional aviation safety and P164468 5/23/2018 g IPF Yes - No - 3.6 2.5
security oversight and technical and advisory services to the Pacific Island Countries.
Fiscal Sustainability and Climate Resilience Development Policy Financing supports the
EAP Fiji government’s effort to strengthen medium‐term fiscal sustainability, improve the investment P165276 4/2/2018 2023 / 2032 l DPF - - Yes 15.0 -
climate, and build climate resilience.
Indonesia Tourism Development Project improves the quality of, and access to, tourism-
EAP Indonesia relevant basic infrastructure and services; strengthens local economy linkages to tourism; and P157599 5/30/2018 2025 / 2031 l IPF - - No 300.0 -
attracts private investment in selected tourism destinations in Indonesia.
Second Fiscal Reform Development Policy Financing improves the quality of spending,
EAP Indonesia P161475 10/31/2017 2023 / 2037 l DPF - - No 300.0 - -
strengthens the revenue administration, and enhances tax policy.
National Urban Water Supply Project provides access to improved water sources for the
EAP Indonesia population and strengthens the operational performance of water service providers in selected P156125 6/6/2018 2025 / 2031 l IPF - - Yes 100.0 - -
urban areas.
Supporting Primary Health Care Reform Program-for-Results strengthens the performance of
EAP Indonesia P164277 6/13/2018 2025 / 2031 l PforR - - No 150.0 - -
Indonesia’s primary health care system.
Strategic Irrigation Modernization and Urgent Rehabilitation Project improves irrigation
EAP Indonesia P157585 6/21/2018 2026 / 2034 l IPF - - Yes 250.0 - -
services and strengthens accountability of irrigation schemes management in selected areas.
Investing in Nutrition and Early Years Program-for-Results increases simultaneous utilization
EAP Indonesia of nutrition interventions by households with pregnant women or children under the age of two in P164686 6/21/2018 2024 / 2032 l PforR - - Yes 400.0 - -
priority districts.
Second Indonesia Maritime Logistics Reform Development Policy Financing reduces the
EAP Indonesia P163973 6/28/2018 2023 / 2038 l DPF - - No 300.0 - -
costs and improves the reliability of the logistics chain in Indonesia.
Fourth Economic Reform Development Policy Financing strengthens public financial
EAP Kiribati P161794 11/22/2017 g DPF - - Yes - 5.0 3.6 -
management and improves the environment for inclusive growth.
Mekong Integrated Water Resources Management (Phase One, Additional Financing)
EAP Lao PDR P159447 7/6/2017 2022 / 2047 c IPF Yes - Yes - 25.0 18.3 -
improves water resource and fisheries management in selected areas of the Lower Mekong Basin.
Southeast Asia Disaster Risk Management Project reduces the impacts of flooding in Muang
EAP Lao PDR Xay and enhances the Government's capacity to provide hydro-meteorological services and P160930 7/6/2017 2022 / 2047 c IPF - - No - 30.0 21.9 -
disaster response.
Health Governance and Nutrition Development Project (Additional Financing) helps
EAP Lao PDR increase coverage of reproductive, maternal and child health, and nutrition services in targeted P163949 9/27/2017 2023 / 2047 c IPF Yes - Yes - 10.0 7.2 -
areas in Lao PDR.
Agriculture Competitiveness Project increases the competitiveness of selected agricultural
EAP Lao PDR P161473 4/26/2018 2023 / 2048 c IPF - - Yes - 25.0 17.2
value chains in the project areas.
National Road 13 Improvement and Maintenance Project improves the road condition, safety,
EAP Lao PDR P163730 5/18/2018 2023 / 2048 c IPF - - No - 40.0 27.7
and climate resilience on critical sections of National Road 13.
Sustainable Energy Development Project increases the share of renewable energy generation
EAP Marshall Islands in the the Marshall Islands and enhances the reliability of electricity supply and improves energy P160910 12/15/2017 g IPF - - Yes - 34.0 24.3 -
efficiency in the project Aareas.
Project to Strengthen Budget Execution and Financial Reporting Systems improves the
EAP Marshall Islands completeness, reliability, and timeliness of the government’s annual financial statements and the P163131 5/30/2018 g IPF - - Yes - 9.0 6.2
availability of reliable socioeconomic statistics.
Project for Strengthening Public Financial Management improves tax administration and the
EAP Micronesia, Federated States of P161969 5/30/2018 g IPF - - No - 11.0 7.6
completeness, reliability, and timeliness of financial reports of the national and state governments.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
First Economic Management Support Operation Development Policy Financing restores
EAP Mongolia P162402 11/30/2017 2022 / 2047 c DPF - - Yes - 120.0 86.7 -
debt sustainability, strengthens the social protection system, and enhances competitiveness.
Metro Manila Flood Management Project improves flood management in selected areas of
EAP Philippines P153814 9/28/2017 2031 / 2042 l IPF - - Yes 207.6 - -
Metro Manilla.
Rural Development Project (Additional Financing) increases rural incomes and enhances farm
EAP Philippines and fishery productivity in the targeted areas by supporting smallholders and fisher folk to P161944 1/11/2018 2030 / 2041 l IPF Yes - No 170.0 - -
increase their marketable surpluses, and their access to markets.
First Resilience Development Policy Financing strengthens Samoa’s macroeconomic and
EAP Samoa financial resilience and increases Samoa's resilience to the effects of climate change, natural P162104 10/31/2017 g DPF - - Yes - 5.0 3.6 -
disasters, and non-communicable diseases.
Community Access and Urban Services Enhancement Project improves basic infrastructure
EAP Solomon Islands P161320 4/2/2018 g IPF - - Yes - 15.0 10.4
and services for vulnerable urban populations in targeted urban centers of the Solomon Islands.

Second Inclusive Growth Development Policy Financing (Supplemental Financing)

supports fiscal resilience by means of strengthened revenue mobilization and strategic fiscal and
debt policies; improved government accountability and private sector regulation by improving
compliance with public procurement regulations, improving budgetary classifications, improving
EAP Tonga P167330 6/15/2018 g DPF - - Yes - 10.0 7.0 -
the adequacy of responses to external audit, and introducing new regulatory frameworks into
selected sectors; and a more dynamic and inclusive economy by adopting investor-friendly foreign
investment legislation, extending coverage of the credit bureau, improving oversight and private
participation in public enterprises, and introducing regulation to private sector labor markets.
Aviation Investment Project (Third Additional Financing) improves the safety and security of
EAP Tuvalu P163856 11/16/2017 g IPF Yes - No - 8.8 6.2 -
air transport and associated infrastructure.
Dynamic City Integrated Development Project improves access to urban infrastructure and to
EAP Vietnam P160162 6/22/2018 2023 / 2042 c IPF - - No - 80.0 56.7 -
improve integrated urban planning and management in Thai Nguyen city.
Water Resources and Irrigation Project (Additional Financing) establishes the strategic
ECA Albania framework to manage water resources at the national level and at the level of the Drin-Buna and P162786 2/22/2018 2025 / 2042 l IPF Yes - No 27.2 - -
Semani River basins and improves irrigation service delivery in selected irrigation systems.

Regional and Local Roads Connectivity Project improves access to selected agricultural and
ECA Albania P163239 4/25/2018 2024 / 2047 l IPF - - Yes 50.0 -
tourism centers and strengthens their municipalities’ capacity to manage their road assets.
Social Assistance Modernization Project (Additional Financing) supports
ECA Albania Albania’simplementation of reforms to improve the equity and efficiency of its social assistance P162079 5/4/2018 2025 / 2045 l IPF Yes - No 11.0 -
programs.
Dam Safety Project in Support of the Energy Community of Southeast Europe Program
(Phase Five, Second Additional Financing) contributes to safeguarding the major hydroelectric
ECA Albania P166469 5/25/2018 2025 / 2040 l IPF Yes - No 14.9 -
dams of Albania and improves their operational efficiency, and enhances the stability of the power
supply for the regional electricity market.
Irrigation System Enhancement Project (Additional Financing) reduces the amount of energy
used, improves the irrigation conveyance efficiency in targeted irrigation schemes, and improves
ECA Armenia P161538 11/14/2017 2032 / 2042 l IPF Yes - Yes 2.0 - -
the availability and reliability of important sector data and information for decision-makers and
other stakeholders.
Micro, Small, and Medium Enterprise Access to Finance Project improves access to finance
ECA Belarus for private Micro, Small, and Medium Enterprises and enhances governnace and the institutional P152276 9/28/2017 2032 / 2032 l IPF - - No 60.0 - -
capacity of the Development Bank of the Republic of Belarus.
Forestry Development Project (Additional Financing) enhances silvicultural management and
ECA Belarus reforestation and afforestation, increases the use of felling residues, and improves the public good P165121 3/12/2018 2021 / 2029 l IPF Yes - No 14.4 - -
contribution from forests in targeted forest areas.
Republika Srpska Railways Restructuring Project improves the operational efficiency and
ECA Bosnia and Herzegovina P161122 12/7/2017 2025 / 2049 l IPF - - Yes 60.6 - -
financial sustainability of the railways in Republika Srpska.
Second Programmatic Private Sector Competitiveness Development Policy Financing
increases private sector competitiveness through second generation business environment
ECA Georgia P155553 7/31/2017 2032 / 2042 l DPF - - Yes 50.0 - -
reforms, establishing enabling conditions for financial sector deepening and diversification, and
increasing firms' capacity to innovate and to export.
East West Highway Corridor Improvement Project (Additional Financing) reduces road user
costs along the East-West Highway Corridor section upgraded under the project and strengthens
ECA Georgia the capacity of the Roads Department and the Ministry of Economy and Sustainable Development P160152 11/8/2017 2033 / 2041 l IPF Yes - No 20.0 - -
to respectively manage the road network and provide an enabling environment to improve
logistics services.
Heat Supply Improvement Project improves the efficiency and quality of heating in selected
ECA Kyrgyz Republic P157079 10/27/2017 2024 / 2055 c,g IPF - - Yes - 46.0 32.6 -
project areas.
Digital Central Asia and South Asia increases access to more affordable internet, crowds in
private investment in the ICT sector, and improves the government’s capacity to deliver digital
ECA Kyrgyz Republic P160230 3/20/2018 2024 / 2055 c,g IPF - - Yes - 50.0 34.4 -
government services in the Kyrgyz Republic, by contributing to the development of a regionally
integrated digital infrastructure and enabling environment.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Central Asia South Asia Electricity Transmission and Trade Project Community Support
Project engages communities in the development of social and economic infrastructure in order
ECA Kyrgyz Republic P163592 4/10/2018 2024 / 2055 c,g IPF - - Yes - 10.0 7.0
to enhance services, livelihoods and inclusion in target villages near the Central Asia South Asia
Electricity Transmission and Trade Project Transmission Line.
Enhancing Resilience in Kyrgyzstan Project supports the government to strengthen its
capacity to respond to disasters, provide a safer and improved learning environment for children,
ECA Kyrgyz Republic P162635 5/25/2018 2024 / 2056 c,g IPF - - No - 20.0 13.8
and reduce adverse financial impacts of natural hazards on the government's budget and
population.
Modernization of Government Services in the Republic of Moldova Project supports
ECA Moldova improved access, better efficiency, and higher quality of selected government administrative P148537 8/22/2017 2022 / 2051 l,c IPF - - No 5.0 15.0 10.9 -
services for Moldovan citizens.
Education Reform Project (Additional Financing) improves learning conditions in targeted
ECA Moldova schools and strengthens Moldova's education monitoring systems, while promoting efficiency P156657 2/16/2018 2023 / 2048 c IPF Yes - No - 10.0 7.1 -
reforms in the education sector.
Revenue Administration Reform Project improves the effectiveness of operational functions of
ECA Montenegro P149743 7/31/2017 2022 / 2042 l IPF - - No 15.7 - -
Montenegro's Tax Administration and reduces the compliance costs for corporate taxpayers.
First Fiscal and Financial Sector Resilience Policy-Based Guarantee supports the
ECA Montenegro government's policy reform program to strengthen fiscal sustainability and financial sector P166205 12/20/2017 gu DPF - - Yes 93.0 - -
resilience.
Second Institutional Development and Agriculture Strengthening Project improves the
ECA Montenegro competitiveness of agriculture and fisheries in Montenegro through enhanced delivery of P164424 1/30/2018 2023 / 2042 l IPF - - Yes 34.9 - -
government support in alignment with EU accession requirements.
Second Energy Efficiency Project improves energy efficiency in health sector buildings, and
ECA Montenegro P165509 6/4/2018 2023 / 2033 l IPF - - Yes 7.4 - -
develops and demonstrates a sustainable financing model.
Building Disaster and Climate Resilience Program strengthens Romania’s institutional and
ECA Romania legal framework to effectively manage the physical, social, and fiscal impacts of natural disasters P166303 6/26/2018 2038 / 2038 l DPF - - Yes 493.1 - -
and climate change.
Enhancing Infrastructure Efficiency and Sustainability Program-for-Results improves the
ECA Serbia management and sustainability of select public infrastructure by strengthening government P163760 11/2/2017 2022 / 2037 l PforR - - No 118.6 - -
capacity and systems, upgrading assets, and increasing expenditure efficiency.
State-Owned Financial Institutions Reform Project improves the performance of Postal
ECA Serbia Savings Bank and promotes the reform of development finance institutions and other state-owned P156837 3/20/2018 2023 / 2032 l IPF - - No 50.0 - -
financial institutions.
Second Public Expenditure and Public Utilities Development Policy Financing (a) improves
public expenditure management through strengthened public financial management and public
ECA Serbia administration reform; (b) improves the financial sustainability and efficiency of energy sector P161184 3/20/2018 2027 / 2037 l DPF - - No 200.0 - -
public enterprises; and (C) improves the financial sustainability and efficiency of transport sector
public enterprises and state-owned companies.
Second Health Project (Additional Financing) contributes to improving the efficiency and
quality of the public health system of the Republic of Serbia through the strengthening of: (i)
ECA Serbia P166025 3/20/2018 2023 / 2032 l IPF Yes - No 31.1 - -
health financing, purchasing, and maintenance systems; and (ii) quality improvement systems and
management of selected priority non‐communicable diseases.
Strengthening Critical Infrastructure against Natural Hazards Project strengthens the
ECA Tajikistan recipient's disaster risk management capacities, enhances the reslience of its critical infrastructure P158298 7/10/2017 2023 / 2055 c,g IPF - - No - 50.0 36.4 -
against natural hazards, and improves its capacity to respond to disasters.
Agriculture Commercialization Project (Additional Financing) increases the
commercialization of farm and agribusiness products and supports micro, small and medium
ECA Tajikistan P158499 12/15/2017 2024 / 2055 c,g IPF Yes - Yes - 15.0 10.8 -
enterprise development in project areas by providing better access to finance and strengthened
capacity of project beneficiaries.
Social Safety Net Strengthening Project improves the capacity of the Government of Tajikistan
to plan, monitor, and manage social assistance for the poor through the development of a national
ECA Tajikistan P165831 1/30/2018 2024 / 2055 c,g IPF Yes - Yes - 1.8 1.4 -
registry of social protection and the provision of training, equipment and related items for
improving said capacity.
Resilience, Inclusion, and Growth Development Policy Financing increases domestic
ECA Turkey savings and enhances fiscal transparency, supports the economic inclusion of vulnerable groups, P162071 8/29/2017 2022 / 2028 l DPF - - Yes 400.0 - -
and addresses structural bottlenecks to sustainable growth.
Second Sustainable Cities Project improves access to targeted municipal services in
ECA Turkey P161915 4/12/2018 2023 / 2048 l IPF - - Yes 91.5 -
participating municipalities and utilities.
Gas Storage Expansion Project increases the reliability and security of the gas supply in Turkey
ECA Turkey P162727 5/22/2018 2025 / 2040 l IPF - - No 600.0 -
by expanding underground gas storage capacity in the country.
Inclusive Access to Finance Project improves access to longer‐term financing for
ECA Turkey women‐inclusive enterprises and enterprises in less developed subregions affected by the influx P163225 5/22/2018 2024 / 2047 l IPF - - Yes 400.0 -
of Syrians under Temporary Protection status.
District Heating Energy Efficiency Project improves the efficiency and quality of heating and
ECA Uzbekistan P146206 1/25/2018 2023 / 2047 c IPF - - No - 140.0 96.3 -
hot water services in selected cities of Uzbekistan.
Horticulture Development Project (Additional Financing) enhances the productivity and
ECA Uzbekistan P164226 1/30/2018 2023 / 2042 l IPF Yes - No 500.0 - -
profitability of the horticulture sector in the project area.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Energy Efficiency Facility for Industrial Enterprises Project (Phase Three) improves energy
ECA Uzbekistan efficiency in industrial enterprises by designing and establishing a financing mechanism for energy P165054 1/30/2018 2023 / 2042 l IPF Yes - No 200.0 - -
saving investments.
Emergency Medical Services Project increases the effectiveness and efficiency of the
ECA Uzbekistan P159544 4/25/2018 2023 / 2048 c IPF - - No - 100.0 69.3
emergency medical services system.
Reforms for a Sustainable Transformation toward a Market Economy Project supports
ECA Uzbekistan P166019 6/26/2018 2023 / 2048 c DPF - - Yes - 500.0 354.4 -
Uzbekistan’s economic transformation into a market economy.
Northwestern Road Development Corridor Project improves connectivity and road safety
LCR Argentina along targeted road sections of the Northwestern Corridor and supports corridor development in P163115 12/14/2017 2025 / 2049 l IPF - - Yes 300.0 - -
the Northwest of Argentina.
Renewable Fund Guarantee increases electricity generation capacity from renewable energy
P165085 3/15/2018 gu IPF - - No
LCR Argentina sources through private investment in the energy sector. 250.0 - -
Supporting Effective Universal Health Coverage Project increases effective and equitable
coverage of key health services provided to individuals aged under 65 without formal health
LCR Argentina P163345 5/18/2018 2025 / 2049 l IPF - - Yes 300.0 -
insurance and increases the institutional capacity of the National Ministry of Health and provincial
Ministries of Health to implement mechanisms for an integrated delivery system.
Integrated Risk Management in the Rural Agroindustrial System Project improves the
LCR Argentina P162316 5/24/2018 2026 / 2050 l IPF - - Yes 150.0 -
management of agricultural risks by beneficiaries and selected sectoral institutions.
Health Service Delivery Network Project improves access to and quality of health service
LCR Bolivia P164453 6/14/2018 2032 / 2041 l,c IPF - - No 252.0 48.0 33.8 -
delivery in selected health networks.
Paraiba Sustainable Rural Development Project improves access to water, reduces agro-
LCR Brazil P147158 10/20/2017 2023 / 2035 l IPF - - Yes 50.0 - -
climatic vulnerability, and increases access to markets for Paraiba's rural inhabitants.
Support to the Upper Secondary Education Reform Program-for-Results strengthens the
capacity of the state secretariats of education to implement the upper secondary reform,
LCR Brazil P163868 12/14/2017 2037 / 2037 l PforR - - Yes 250.0 - -
prioritizing vulnerable schools, and to increase the Index of Basic Education Development in
targeted full-time upper secondary schools in Brazil.
Salvador Social Multi-Sector Service Delivery Project improves social service delivery in the
LCR Brazil Municipality of Salvador, emphasizing improvements in health care system efficiency, education P162033 12/19/2017 2023 / 2048 l IPF - - No 125.0 - -
quality, and social assistance effectiveness.
Financial Instruments for Brazil Energy Efficient Cities Project unlocks private financing for
LCR Brazil urban energy efficiency projects in Brazil by reducing the credit risk and enhancing the technical P162455 6/29/2018 2034 / 2040 l IPF - - No 200.0 - -
quality of efficient street lighting subprojects and industrial energy efficiency subprojects.
Strengthening of State Universities in Chile Project improves quality and equity within state
LCR Chile universities and strengthens their institutional capacity to address regional and national P163437 10/20/2017 2027 / 2028 l IPF - - No 50.1 - -
development challenges.
Enhancing Waterway Connectivity and Water Service Provision in Colombia’s Plan
LCR Colombia Pazcifico Project improves waterway transport and the coverage and quality of water supply and P156880 12/14/2017 2023 / 2026 l IPF - - No 41.9 - -
sanitation services in the participating municipalities.
Second Sustainable Development and Green Growth Development Policy Financing
supports a set of policy and institutional measures for (i) green growth in transport, energy,
LCR Colombia environmental health and natural resources; and (ii) improving environmental quality by reducing P161642 12/14/2017 2029 / 2029 l DPF - - Yes 500.0 - -
PM 2.5 in the air, strengthening regulations for sanitation, and increasing capacity to reuse and
dispose solid waste.
Access and Quality in Higher Education Project (Additional Financing) improves the quality
LCR Colombia of tertiary education in participating institutions and increases the enrollment of students from P166177 3/22/2018 2025 / 2045 l IPF Yes - No 160.0 - -
disadvantaged socioeconomic backgrounds in quality programs.
Emergency Agricultural Livelihoods and Climate Resilience Project contributes to restoring
LCR Dominica agricultural livelihoods and enhancing the climate resilience of farmers and fisherfolk affected by P166328 4/13/2018 2028 / 2058 c,g IPF - - Yes - 25.0 17.4
Hurricane Maria in Dominica.
Housing Recovery Project contributes to the recovery of housing for households affected by
LCR Dominica P166537 4/13/2018 2028 / 2058 c,g IPF - - Yes - 40.0 27.8
Hurricane Maria and improves the application of resilient building practices in the housing sector.
Disaster Risk Management Development Policy Financing with a Deferred Drawdown
Option for Catastrophe Risks supports the government of the Dominican Republic in
LCR Dominican Republic strengthening institutions for improved climate and disaster resilience in priority sectors, and P159351 9/28/2017 2030 / 2037 l DPF - - Yes 150.0 - -
establishing mandatory regulations for climate and disaster risk reduction inpublic investment and
construction works.
Quito Metro Line One Project (Additional Financing) improves urban mobility in the city of
Quito to serve the growing demand for public transport by reducing travel times; decreasing
LCR Ecuador P158756 6/22/2018 2028 / 2038 l IPF Yes - No 230.0 - -
operational costs of the transport service; improving the connectivity, security, and comfort of the
current system; and reducing emissions of pollutants and greenhouse gases.
Guayaquil Wastewater Management Project (Additional Financing) increases access to
LCR Ecuador improved sanitation services and reduces wastewater pollution in selected areas of the City of P165716 6/29/2018 2033 / 2053 l IPF Yes - No 233.6 - -
Guayaquil.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
First Fiscal Resilience and Blue Growth Development Policy Financing supports fiscal
measures and compliance with the Fiscal Responsibility Law, and supports Grenada’s transition
LCR Grenada P164289 6/22/2018 2028 / 2058 c DPF - - Yes - 30.0 21.3 -
to a Blue Economy by strengthening marine and coastal management, marine ecosystem health,
and climate resilience.
First Programmatic Financial and Fiscal Stability Development Policy Financing supports
LCR Guyana P165425 6/22/2018 2028 / 2058 c DPF - - No - 35.0 24.4 -
Guyana’s efforts to strengthen financial sector development and fiscal management.
Resilient Productive Landscapes Project improves the adoption of resilience-enhancing
LCR Haiti agricultural and landscape management practices in selected sub-watersheds and enables the P162908 3/1/2018 g IPF - - Yes - 15.0 10.6 -
Government to respond promptly and effectively to an eligible emergency.
Rural Accessibility and Resilience Project increases all-weather road access in selected
LCR Haiti P163490 5/31/2018 g IPF - - No - 75.0 51.6
subregions and improves the resilience of selected segments of the road network.
Improving Haiti's Public Financial Management and Statistical Information Project
(Additional Financing) assists in the production, analysis, and dissemination of the findings of
the Fifth Population and Housing Census; strengthens the human and technological capacities of
LCR Haiti P164093 5/31/2018 g IPF Yes - Yes - 15.0 10.4
Haiti's Statistical Institute; and enhances expenditure management practices and the timeliness
and coverage of budgetary and financial information to contribute to improved budget
management and oversight.
Access to Finance for Micro, Small, and Medium Enterprises Project improves access to
LCR Jamaica P152307 1/29/2018 2024 / 2048 l IPF - - No 15.0 - -
finance for micro, small, and medium enterprises.
Social Protection System Project (Additional Financing) supports the Government’s effort to:
LCR Mexico (i) increase access of the Social Inclusion Program's beneficiaries to social and productive P164152 1/29/2018 2032 / 2032 l IPF Yes - No 300.0 - -
programs, and (ii) develop instruments for an integrated social protection system.
Strengthening Entrepreneurship in Productive Forest Landscapes strengthens sustainable
LCR Mexico forest management and increases economic opportunities for forest-dependent people and P164661 1/29/2018 2032 / 2032 l IPF - - Yes 56.0 - -
enterprises in selected forest landscapes in Mexico.
Energy Efficiency in Public Facilities Project (Additional Financing) promotes the efficient
use of energy in the Borrower’s municipalities and other public facilities by carrying out energy
LCR Mexico P165585 3/30/2018 2032 / 2032 l IPF Yes - No 50.0 - -
efficiency investments in selected public sectors and to contribute to strengthening the enabling
environment
Rural and Urban Access Improvement Project (Additional Financing) improves safe and
LCR Nicaragua sustainable access to markets and services in targeted rural and urban areas of Nicaragua and P165467 3/15/2018 2028 / 2047 c IPF Yes - No - 35.0 24.1 -
provides immediate and effective response in the event of an eligible emergency.
Property Rights Strengthening Project provides beneficiaries in selected municipalities with: (a)
LCR Nicaragua updated and integrated cadastral and property registry information; and (b) improved land P163531 3/15/2018 2023 / 2047 c IPF - - No - 50.0 34.5 -
administration services.
Integrated Public Provision of Health Care Services Project extends the coverage and
LCR Nicaragua improves the quality of care for the most prevalent health conditions with an emphasis on P164452 3/15/2018 2023 / 2048 c IPF - - No - 60.0 41.3 -
vulnerable groups.
Support for the National Indigenous Peoples Development Plan Project strengthens the
capacity of Indigenous Authorities and the Republic of Panama to jointly plan and implement
LCR Panama P157575 3/15/2018 2024 / 2043 l IPF - - No 80.0 - -
development investments for Indigenous Territories and the delivery of selected public services in
those Indigenous Territories, as identified in the National Indigenous Peoples Development Plan.
Third Programmatic Shared Prosperity Development Policy Financing supports the
Government of Panama’s efforts to strengthen the frameworks for international tax transparency,
LCR Panama financial integrity, and fiscal management; strengthens institutional arrangements to support social P166159 6/15/2018 2020 / 2038 l DPF - - Yes 100.0 - -
assistance and education; and enhances the regulatory and sustainability framework in the energy
and water sectors.
Improving Service Delivery to Citizens and Businesses through E-Government Project
LCR Uruguay improves the quality of selected e-government services for citizens, businesses, and the P161989 8/3/2017 2022 / 2034 l IPF - - No 12.0 - -
borrower's public entities, and facilitates their access.
Sustainable Management of Natural Resources and Climate Change Project (Additional
LCR Uruguay Financing) supports Uruguay's efforts to promote farmer adoption of climate-smart agricultural P163444 11/30/2017 2023 / 2035 l IPF Yes - No 42.0 - -
and livestock practices and improved natural resource management practices in project areas.
Public Administration Modernization Project enables access to e-government and promotes
MNA Djibouti P162904 4/25/2018 2028 / 2057 c IPF - - No - 15.0 10.4
efficiency of selected revenue administration services.
Support for Women and Youth Entrepreneurship Project improves economic opportunities for
MNA Djibouti P165558 6/8/2018 2028 / 2058 c IPF - - No - 15.0 10.5 -
targeted entrepreneurs.
Third Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic
Development Policy Financing advances fiscal consolidation through higher revenue collection,
MNA Egypt, Arab Republic of greater moderation of the wage bill growth, and stronger debt management; ensure sustainable P164079 12/5/2017 2023 / 2052 l DPF - - Yes 1,150.0 - -
energy supply through private sector engagement; and enhance the business environment
through investment laws, industrial license requirements as well as enhancing competition.
Supporting Egypt Education Reform Project improves teaching and learning conditions in
MNA Egypt, Arab Republic of P157809 4/13/2018 2023 / 2052 l IPF - - Yes 500.0 -
public schools.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Transforming Egypt's Health Care System Project improves the quality of primary and
MNA Egypt, Arab Republic of secondary health care services, enhances demand for health and family planning services, and P167000 6/27/2018 2023 / 2053 l IPF - - Yes 530.0 - -
supports the prevention and control of Hepatitis C.
Emergency Operation for Development Project (Additional Financing) supports the Republic
MNA Iraq of Iraq in the reconstruction of damaged infrastructure and the restoration of public services P161515 10/31/2017 2022 / 2032 l IPF Yes - Yes 400.0 - -
delivery in targeted municipal areas.
Baghdad Water Supply and Sewerage Improvement Project improves the quality of drinking
MNA Iraq P162094 1/31/2018 2023 / 2032 l IPF - - Yes 210.0 - -
water supply and wastewater services in Baghdad.
Social Fund for Development improves access to basic services and increases short-term
MNA Iraq P163108 2/6/2018 2023 / 2032 l IPF - - Yes 300.0 - -
employment opportunities in targeted communities.
Emergency Social Stabilization and Resilience Project increases livelihood opportunities and
MNA Iraq access to psychosocial services in liberated areas, and strengthens the systems to expand the P165114 4/5/2018 2023 / 2032 l IPF - - Yes 200.0 -
provision of social safety nets.
Education Reform Support Program-for-Results expands access to early childhood education,
MNA Jordan and improves student assessment and teaching and learning conditions for Jordanian children P162407 12/5/2017 2022 / 2052 l PforR - - Yes 147.7 - -
and Syrian refugee children.
First Equitable Growth and Job Creation Programmatic Development Policy Financing
MNA Jordan P166360 6/27/2018 2023 / 2053 l DPF - - No 389.0 - -
supports Jordan to set the foundations for higher growth.
Greater Beirut Public Transport Project improves the speed, quality, and accessibility of public
MNA Lebanon P160224 3/15/2018 2026 / 2049 l IPF - - Yes 225.2 - -
transport for passengers in Greater Beirut and at the city of Beirut’s northern entrance.
Land Administration System Modernization Project improves access to land use and value
MNA Lebanon data, property rights data, and geospatial information through the modernization of the Land P159692 6/8/2018 2024 / 2031 l IPF - - No 43.0 - -
Registry and Cadastre System.
Greater Beirut Water Supply Project (Additional Financing) increases the provision of potable
water to the residents in the project area within the Greater Beirut region, including those in the
MNA Lebanon P165711 6/15/2018 2022 / 2034 l IPF Yes - No 90.0 - -
low‐income neighborhoods of Southern Beirut, and strengthens the capacity of the Beirut Mount
Lebanon Water Establishment in utility operations.
Creating Economic Opportunities in Support of the Lebanon National Jobs Program
MNA Lebanon P163576 6/27/2018 2024 / 2040 l PforR - - Yes 329.9 - -
Program-for-Results improves economic opportunities for targeted beneficiaries in Lebanon.
Casablanca Municipal Support Program-for-Results increases the investment capacity of the
MNA Morocco Municipality of Casablanca, improves the business environment in the Municipality of Casablanca, P149995 12/13/2017 2024 / 2039 l PforR - - Yes 200.0 - -
and enhances access to basic services in the program area.
Strengthening Agri-Food Value Chains Program-for-Results increases the volume of added-
MNA Morocco P158346 12/20/2017 2023 / 2042 l PforR - - No 200.0 - -
value products commercialized in selected agri-food subsectors in the program area.
Noor Solar Power Project (Additional Financing) increases the installed capacity and
MNA Morocco P164288 6/8/2018 2027 / 2043 l IPF Yes - No 100.0 - -
electricity output, especially during peak hours, of the Noor‐Ouarzazate Solar Complex.
Youth Economic Inclusion Project improves economic opportunities for targeted disadvantaged
MNA Tunisia P158138 9/11/2017 2023 / 2047 l IPF - - Yes 60.0 - -
youth in the selected Governorates of the borrower.
Strengthening Foundations for Learning Project improves learning conditions in public
MNA Tunisia preschools and primary schools, and increases access to public preschool education in selected P162297 5/18/2018 2024 / 2045 l IPF - - Yes 100.0 -
districts.
Irrigated Agriculture Intensification Project improves the reliability and efficiency of irrigation
MNA Tunisia and drainage services and strengthens market linkages for irrigated products in selected irrigation P160245 5/29/2018 2025 / 2046 l IPF - - Yes 140.0 -
schemes.
Urban Development and Local Governance Program-for-Results (Additional Financing)
MNA Tunisia strengthens local governments’ performance to deliver municipal infrastructure, and improves P167043 6/15/2018 2024 / 2046 l PforR Yes - No 130.0 - -
access to services in targeted disadvantaged neighborhoods.
Investment, Competitiveness, and Inclusion Development Policy Financing removes
MNA Tunisia barriers to investment, trade and entrepreneurship; moves towards a more efficient, sustainable, P161483 6/27/2018 2023 / 2046 l DPF - - Yes 500.0 - -
and inclusive energy sector; and promotes greater economic and social inclusion.

Third Municipal Development Project enhances the institutional capacity of municipalities in the
MNA West Bank and Gaza P159258 7/21/2017 g IPF - Yes Yes - - 16.0
West Bank and Gaza for more accountable and sustainable service delivery.
Electricity Sector Performance Improvement Project enhances the energy sector's institutional
MNA West Bank and Gaza capacity, improves efficiency of the distribution system in targeted areas, and pilots a new P148600 7/27/2017 g IPF - Yes No - - 4.0
business model for solar energy service delivery in Gaza.
Second Finance for Jobs Project tests the effectiveness of selected financial interventions in
MNA West Bank and Gaza P159337 7/27/2017 g IPF - Yes Yes - - 8.0
incentivizing private sector investment and job creation.
Social Protection Enhancement Project establishes a single targeting and referral system to
MNA West Bank and Gaza P160674 7/27/2017 g IPF - Yes Yes - - 15.0
provide cash benefits and services to poor and vulnerable households.
Fiscal Stability and Business Environment Development Policy Financing improves
MNA West Bank and Gaza P161252 12/5/2017 g DPF - Yes Yes - - 30.0
transparency of fiscal transfers to local service providers and improves the business environment.
Public Financial Management Improvement Project enhances the expenditure controls,
MNA West Bank and Gaza P162850 6/1/2018 g IPF - - Yes - - 3.0
financial accountability, and procurement management of the Palestinian Authority.
Innovative Private Sector Development Project improves economic opportunities for
MNA West Bank and Gaza P164412 6/1/2018 g IPF - - Yes - - 13.0
individuals and firms in the West Bank and Gaza.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Emergency Health and Nutrition Project (Second Additional Financing) contributes to the
MNA Yemen, Rep. provision of basic health, essential nutrition, water and sanitation services for the benefit of the P164466 8/25/2017 g IPF Yes - Yes - 200.0 143.9 -
population of the Republic of Yemen.
Yemen Integrated Urban Services Emergency Project restores access to critical urban
MNA Yemen, Rep. P164190 11/2/2017 g IPF - - Yes - 150.0 106.2 -
services in selected cities within the Republic of Yemen.
Emergency Electricity Access Project improves access to electricity in rural and peri-urban
MNA Yemen, Rep. P163777 4/13/2018 g IPF - - Yes - 50.0 34.6
areas within the Republic of Yemen.
Incentive Program Development Policy Financing helps the Government of Afghanistan
continue to maintain a stable macroeconomic environment and pursue an ambitious program of
SAR Afghanistan P164882 6/14/2018 g DPF - - Yes - 90.0 62.6 -
policy reforms to support private sector investment, growth, poverty reduction, and improved
public financial management.
Fiscal Performance Improvement Support Project contributes to the improvement of domestic
SAR Afghanistan revenue mobilization and public expenditures management, and reinforcement of a performance- P159655 12/19/2017 g IPF - - Yes - 25.0 17.8 -
oriented management culture in the Ministry of Finance.
Digital Central Asia and South Asia Project increases access to more affordable Internet,
crowd-in private investment in the information and communication technology sector, and improve
SAR Afghanistan P156894 3/28/2018 g IPF - - No - 51.0 35.1 -
the government’s capacity to deliver digital government services in Afghanistan, by contributing to
the development of a regionally integrated digital infrastructure and enabling environment.
Sehatmandi Project increases the utilization and quality of health, nutrition, and family planning
SAR Afghanistan P160615 3/28/2018 g IPF - - Yes - 140.0 96.1 -
services.
Modernizing Afghan State-Owned Banks Project enhances the corporate governance and
SAR Afghanistan operational efficiency of the supported Afghan state‐owned banks, thereby contributing to their P161348 3/28/2018 g IPF - - No - 40.0 27.5 -
improved financial soundness and outreach.
Public-Private Partnerships and Public Investment Advisory Project develops a pipeline of
SAR Afghanistan P158768 6/27/2018 g IPF - - Yes - 20.0 13.8 -
feasible private and publicly funded projects.
Digitizing Implementation Monitoring and Public Procurement Project improves public
SAR Bangladesh procurement performance and enhances capacity for implementation monitoring of development P160758 7/28/2017 2023 / 2055 c IPF - - Yes - 55.0 40.2 -
programs/projects.
Health Sector Support Project strengthens the health, nutrition, and population sector's core
SAR Bangladesh management systems and delivery of essential services with a focus on selected geographical P160846 7/28/2017 2023 / 2055 c IPF - - Yes - 500.0 361.2 -
areas.
Safety Net Systems for the Poorest (Additional Financing) improves the equity, efficiency,
SAR Bangladesh P163677 12/15/2017 2024 / 2055 c IPF Yes - No - 245.0 174.1 -
and transparency of major safety net programs to benefit the poorest households.
Transforming Secondary Education Program-for-Results improves student outcomes in
SAR Bangladesh P160943 12/18/2017 2024 / 2055 c,g PforR - - Yes - 510.0 366.6 -
secondary education and the effectiveness of the secondary education system.
Cash Transfer Modernization Project improves the transparency and efficiency of selected
SAR Bangladesh P160819 1/31/2018 2024 / 2055 c IPF - - No - 300.0 213.6 -
cash transfer programs for vulnerable populations by modernizing service delivery.
National Strategy for Development of Statistics Implementation Support improves the
SAR Bangladesh capacity of the Bangladesh Bureau of Statistics to produce quality core statistics and make them P157987 3/22/2018 2024 / 2056 c IPF - - Yes - 15.0 10.3 -
accessible in a timely manner to policy makers and the public.
Enhancement and Strengthening of Power Transmission Network in Eastern Region
SAR Bangladesh increases the transmission capacity and reliability of the electricity network in the eastern region P159974 3/29/2018 2022 / 2053 c IPF - - No - 450.6 318.8 -
and strengthens the institutional capacity of the Power Grid Company of Bangladesh Limited.
Sustainable Enterprise Project increases adoption of environmentally sustainable practices by
SAR Bangladesh P163250 3/29/2018 2024 / 2055 c IPF - - Yes - 110.0 75.5 -
targeted microenterprises.
Second Rural Electrification and Renewable Energy Development Project (Second
SAR Bangladesh P165400 4/10/2018 2024 / 2055 c IPF Yes - Yes - 55.0 37.8
Additional Financing) increases access to clean energy through renewable energy in rural areas.
Quality Learning for All Program-for-Results improves the quality of and enhances equitable
SAR Bangladesh P162619 6/14/2018 2024 / 2056 l PforR - - Yes - 700.0 484.2 -
access to education from pre-primary to grade five.
Health Sector Support Project (Additional Financing) strengthens the health, nutrition, and
SAR Bangladesh population (HNP) sector's core management systems and delivery of essential HNP services with P167672 6/28/2018 2024 / 2056 c,g IPF Yes - Yes - 50.0 35.4 -
a focus on selected geographical areas.
Strengthening Fiscal Management and Private Sector Employment Opportunities
SAR Bhutan Development Policy Financing strengthens the policy framework to improve fiscal management P164290 3/30/2018 2028 / 2058 c DPF - - No - 30.0 20.6 -
and enhances policies to promote private sector employment opportunities.
Uttar Pradesh Pro-Poor Tourism Development Project increases tourism-related benefits for
SAR India P146936 12/20/2017 2023 / 2036 l IPF - - Yes 40.0 - -
local communities in India’s third-poorest state, Uttar Pradesh.
National Agricultural Higher Education Project supports participating agricultural universities
SAR India and the Indian Council of Agricultural Research in providing more relevant and higher quality P151072 8/3/2017 2023 / 2036 l IPF - - Yes 82.5 - -
education to agircultural university students.
Assam Agribusiness and Rural Transformation Project adds value and improves resilience of
SAR India selected agriculture value chains, focusing on smallholder farmers and agro-entrepreneurs in P155617 8/31/2017 2025 / 2034 l IPF - - Yes 200.0 - -
targeted districts of Assam.
Odisha Higher Education Program for Excellence and Equity Program-for-Results improves
SAR India the quality of and students' equitable access to selected institutions, and enhances governance of P160331 8/31/2017 2023 / 2035 l PforR - - Yes 119.0 - -
the higher education system in Odisha.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
Tamil Nadu Rural Transformation Project promotes rural enterprises, access to finance, and
SAR India P157702 12/1/2017 2023 / 2047 l IPF - - Yes 100.0 - -
employment opportunities in selected blocks (administrative units below the district) of Tamil Nadu.
Tamil Nadu Irrigated Agriculture Modernization Project enhances productivity and climate
SAR India resilience of irrigated agriculture, improves water management, and increases market P158522 12/1/2017 2025 / 2040 l IPF - - Yes 318.0 - -
opportunities for farmers and agro-entrepreneurs in selected sub-basin areas of Tamil Nadu.
Uttarakhand Water Supply Program for Peri-Urban Areas Program-for-Results increases
P158146 1/4/2018 2023 / 2034 l PforR - - Yes
SAR India access to improved water supply services in peri-urban areas in Uttarakhand. 120.0 - -
Maharashtra Project on Climate Resilient Agriculture enhances climate‐resilience and
SAR India P160408 2/27/2018 2024 / 2041 l IPF - - Yes 420.0 - -
profitability of smallholder farming systems in selected districts of Maharashtra.
Meghalaya Community-Led Landscapes Management Project strengthens community-led
SAR India P157836 3/13/2018 2023 / 2032 l IPF - - Yes 48.0 - -
landscapes management in selected landscapes in the state of Meghalaya
Madhya Pradesh Rural Connectivity Project improves durability and enhances resilience to
SAR India climate changes of the gravel-surfaced rural roads in Madhya Pradesh, while building the capacity P157054 3/14/2018 2024 / 2048 l IPF - - Yes 210.0 - -
of the state to manage its rural road network and road safety.
National Nutrition Mission Project (Additional Financing) improves the coverage and quality
SAR India of ICDS nutrition services to pregnant and lactating women and children under 3 years of age in P165493 3/30/2018 2022 / 2037 l IPF Yes - No 200.0 - -
participating states.
National Rural Economic Transformation Project (Additional Financing to National Rural
Livelihoods Project) establishes efficient and effective institutional platforms of the rural poor to
SAR India P166745 4/26/2018 2023 / 2033 l IPF Yes - Yes 250.0 -
enable them to increase household income through sustainable livelihood enhancements and
improved access to financial and selected public services.
Strengthening Public Financial Management in Rajasthan Project contributes to improved
SAR India budget execution, enhanced accountability, and greater efficiency in revenue administration in the P156869 5/1/2018 2024 / 2031 l IPF - - No 21.7 -
Government of Rajasthan.
India Energy Efficiency Scale-up Program-for-Results scales up energy savings in residential
SAR India and public sectors, strengthens the institutional capacity of Energy Efficiency Services Limited, P162849 5/17/2018 2023 / 2036 l PforR - - No 220.0 -
and enhances its access to commercial financing.
India Energy Efficiency Scale-Up Program Guarantee scales up energy savings in residential
SAR India and public sectors, strengthens the institutional capacity of Energy Efficiency Services Limited, P165488 5/17/2018 gu IPF - - Yes 80.0 -
and enhances its access to commercial financing.
Pradhan Mantri Gram Sadak Yojana Rural Roads Project (Additional Financing) strengthens
SAR India the systems and processes of the national Pradhan Mantri Gram Sadak Yojana rural roads P165402 5/25/2018 2021 / 2030 l IPF Yes - No 500.0 -
program for the expansion and maintenance of all‐season rural access roads.
National Groundwater Management Improvement Program-for-Results improves the
SAR India P158119 6/5/2018 2024 / 2035 l PforR - - Yes 450.0 - -
management of groundwater resources in the selected states.
Uttarakhand Workforce Development Project improves the quality and relevance of training at
SAR India priority industrial training institutes and increases the number of labor-market-relevant workers P154525 6/19/2018 2023 / 2035 l IPF - - Yes 74.0 - -
through short-term training in Uttarakhand.
Public Financial Management Systems Strengthening Project enhances budget credibility,
SAR Maldives P164322 6/7/2018 2028 / 2058 c,g IPF Yes - Yes - 12.0 8.4 -
transparency, and financial reporting of central government finances.
Second Enhanced Vocational Education and Training Project improves equitable access to
SAR Nepal market-relevant training programs and to strengthen the technical education and training sector P163018 9/29/2017 2024 / 2055 c IPF - - Yes - 60.0 42.7 -
service delivery in Nepal.
Livestock Sector Innovation Project increases productivity, enhances value addition, and
SAR Nepal improves climate resilience of smallholder farms and agro-enterprises in selected livestock value- P156797 12/7/2017 2024 / 2055 c IPF - - Yes - 80.0 56.7 -
chains in Nepal.
Earthquake Housing Reconstruction Project (Additional Financing) restores affected houses
SAR Nepal with multi-hazard resistant core housing units in targeted areas and enhances the government's P163593 12/15/2017 2024 / 2055 c IPF Yes - Yes - 300.0 213.6 -
ability to improve long-term disaster resilience.
First Programmatic Fiscal and Public Financial Management Development Policy
SAR Nepal Financing supports the government in its efforts to: (i) establish a framework to move towards P160792 3/20/2018 2024 / 2056 c DPF - - Yes - 200.0 137.3 -
fiscal federalism; and (ii) improve the policy framework for public financial management.
Modernization of Rani Jamara Kulariya Irrigation Scheme (Phase Two) improves irrigation
SAR Nepal services and to promote improved farming practicesfor farmers in the irrigated areas of the Rani P158364 3/20/2018 2024 / 2056 c IPF - - Yes - 66.0 45.3 -
Jamara Kulariya Irrigation Scheme.
FATA Temporarily Displaced Persons Emergency Recovery Project (Additional Financing)
supports the early recovery of families affected by the militancy crisis, promotes child health, and
SAR Pakistan P160941 9/21/2017 2023 / 2047 c IPF Yes - No - 114.0 81.0 -
strengthens emergency response safety net delivery systems in the affected areas of federally-
administered tribal areas (FATA).
Punjab Irrigated Agriculture Productivity Improvement Program Project (Additional
SAR Pakistan P157736 11/30/2017 2023 / 2042 l IPF Yes - Yes 130.0 - -
Financing) improves the productivity of water use in irrigated agriculture.
Strengthening Markets for Agriculture and Rural Transformation in Punjab Program-for-
SAR Pakistan Results increases the productivity of crop and livestock farmers, improves their climate resilience, P162446 12/15/2017 2023 / 2042 l PforR - - No 300.0 - -
and fosters agribusiness development in Punjab.
Public Financial Management and Accountability to Support Service Delivery Program-for-
SAR Pakistan Results improves public financial management and procurement systems for better management P157507 12/19/2017 2023 / 2047 c PforR - - No - 400.0 282.9 -
and accountability in service delivery for the health and education sectors.
 d
Principal Commitment Amounts (millions)
Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing
Region Country Project Name and Development Objectives Project ID a b c e
Approval Maturity Date Type Instrument Financing Financing Involvement (US$) (US$) (SDR ) Grant (US$)
National Transmission Modernization I Project increases the capacity and reliability of
SAR Pakistan selected segments of the national transmission system in Pakistan and modernizes key business P154987 12/19/2017 2024 / 2042 l IPF - - Yes 425.0 - -
processes of the National Transmission and Despatch Company.
Housing Finance Project increases access to housing finance for households, and support
SAR Pakistan P162095 3/29/2018 2023 / 2047 c IPF - - No - 145.0 99.6 -
capital market development in Pakistan.
Pakistan Hydromet and Disaster Risk Management Services Project strengthens Pakistan’s
SAR Pakistan public sector delivery of reliable and timely hydro-meteorological and disaster risk management P163924 5/25/2018 2023 / 2048 c IPF - - No - 188.0 129.4
services.
Punjab Cities Program-for-Results strengthens the performance of participating urban local
SAR Pakistan P156972 5/25/2018 2023 / 2048 c PforR - - No - 200.0 137.6
governments in urban management and service delivery.
Punjab Green Development Program-for-Results strengthens environmental governance and
SAR Pakistan P165388 5/25/2018 2023 / 2048 c PforR - - Yes - 200.0 137.6
promotes green investments in Punjab.
Sindh Barrages Improvement Project (Additional Financing) improves the reliability and
SAR Pakistan safety of the Guddu barrage and strengthens the Sindh Irrigation Department’s capacity to P162117 5/25/2018 2023 / 2048 c IPF Yes - Yes - 140.0 96.3
operate and manage the barrage.
Khyber Pass Economic Corridor Project expands economic activity between Pakistan and
SAR Pakistan Afghanistan by improving regional connectivity and promoting private sector development along P159577 6/14/2018 2023 / 2048 c IPF - - Yes - 460.6 320.3 -
the Khyber Pass corridor.
Sindh Solar Energy Project increases solar power generation and access to electricity in Sindh
SAR Pakistan P159712 6/14/2018 2023 / 2048 c IPF - - No - 100.0 69.6 -
Province.
General Education Modernization Project enhances quality and strengthens stewardship of the
SAR Sri Lanka P163714 4/26/2018 2024 / 2040 c IPF - - Yes - 100.0 69.3
general education system.
Primary Health Care System Strengthening Project increases the utilization and quality of
SAR Sri Lanka primary health care services, with an emphasis on detection and management of non- P163721 6/27/2018 2024 / 2051 l IPF - - Yes 200.0 - -
communicable diseases in high-risk population groups, in selected areas of the country.

Notes: Numbers may not add to totals because of rounding. AFR = Africa; c = IDA credit; DPF = Development Policy Financing; EAP = East Asia and Pacific; ECA = Europe and Central Asia; g = IDA grant; gu = IBRD or IDA guarantee; l = IBRD loan; IPF = Investment Project Financing; LCR = Latin America and the Caribbean; MNA = Middle East and
North Africa; PforR = Program-for-Results; SAR = South Asia; - = not applicable. For more detailed information, see worldbank.org/projects.
a. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation.
b. Financing provided by trust funds administered by the World Bank.
c. Civil society involvement includes those projects that clearly note within their project documents either the involvement of civil society organizations (CSO), per the World Bank's definition of CSOs, available at www.worldbank.org/en/about/partners/civil-society#2, during the project’s preparation, or describe the intention to involve such actors during
the project’s implementation. This classification is separate and unrelated to the goals of the World Bank Group’s Strategic Framework for Mainstreaming Citizen Engagement.
d. Principal amounts show the combined totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated.
e. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a "basket" of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant.
f. Lending includes a grant to the International Conference on the Great Lakes Region
g. Lending includes a credit to the West African Economic and Monetary Union.
h. Lending includes a loan and a guarantee to Seychelles.
i. Lending includes a credit and grant to Liberia, a credit to Sierra Leone, and a grant to the West African Power Pool.
j. Lending includes a credit and grant to Burkina Faso, a grant to Chad, a credit and grant to Mali, a grant to Mauritania, a credit and grant to Niger, a credit to Senegal, and a grant to the Permanent Interstate Committee for Drought Control in the Sahel.
k. Lending includes a grant to Benin, a credit to Côte d’Ivoire, a grant to Mauritania, a grant to São Tomé and Príncipe, a credit to Senegal, a credit and grant to Togo, and a grant to the West African Economic and Monetary Union.
l. Lending includes a credit to Burkina Faso.
m. Lending includes a credit and grant to the Economic and Monetary Community of Central Africa.
n. Lending includes a credit and grant to Benin, a credit and grant to Mali, a grant to Mauritania, and a credit and grant to Niger.
o. Lending includes a credit to Côte d’Ivoire, a credit and grant to Guinea, and a grant to the Economic Community of West African States.
p. Lending includes a grant to the Organisation for the Harmonization of Business Law in Africa.
q. Lending includes a grant to the Eastern Africa Power Pool and a credit to Tanzania.
r. Lending includes a grant to the Pacific Aviation Safety Office.
Regional Poverty Estimates | 1981–2013

Population living below $1.90 a day (millions, 2011 PPP)

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013
East Asia and Pacific 1,116 1,022 907 987 902 713 696 553 362 293 221 170 145 73
Europe and Central Asia .. .. 12 13 23 34 37 28 23 13 11 10 9 8
Latin America and the Caribbean 47 62 52 63 61 67 69 63 54 40 35 34 28 28
Middle East and North Africa .. 19 19 14 17 15 11 9 9 9 8 9 10 10
South Asia 505 515 506 503 542 518 .. 555 511 467 402 333 300 257
Sub-Saharan Africa .. .. .. 282 332 355 380 402 389 396 407 405 403 401

Total six regions 1,898 1,859 1,753 1,862 1,877 1,702 1,727 1,608 1,348 1,218 1,085 960 894 776
World 1,904 1,865 1,758 1,867 1,882 1,707 1,732 1,613 1,354 1,223 1,091 966 900 783

Population living below $1.90 a day (% of population, 2011 PPP)

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013
East Asia and Pacific 80.8 70.5 59.5 61.6 54.0 41.1 38.8 29.9 19.1 15.1 11.2 8.6 7.3 3.6
Europe and Central Asia .. .. 2.6 2.9 5.0 7.2 7.8 5.9 4.9 2.8 2.4 2.1 1.9 1.6
Latin America and the Caribbean 12.8 15.7 12.6 14.2 13.1 13.7 13.5 11.7 9.8 6.9 6.0 5.6 4.7 4.5
Middle East and North Africa .. 9.8 9.1 6.3 6.7 5.8 3.8 3.2 3.0 2.7 2.3 2.7 2.7 2.7
South Asia 54.8 52.0 47.8 44.4 44.9 40.3 .. 38.6 33.7 29.5 24.7 20.1 17.9 15.1
Sub-Saharan Africa .. .. .. 55.1 59.7 58.8 58.3 56.9 50.9 47.7 46.5 44.9 43.7 42.3

Total six regions 51.7 47.7 42.4 42.5 40.7 35.1 34.1 30.4 24.5 21.3 18.5 16.1 14.8 12.7
World 42.3 39.3 35.2 35.5 34.1 29.6 28.8 25.8 20.8 18.1 15.8 13.8 12.7 10.9

Population living below $3.20 a day (millions, 2011 PPP)

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013
East Asia and Pacific 1,293 1,319 1,320 1,367 1,332 1,225 1,205 1,057 860 724 601 524 474 352
Europe and Central Asia .. .. 42 46 71 90 99 70 55 36 33 32 30 28
Latin America and the Caribbean 96 120 109 124 125 135 137 132 118 90 82 78 72 70
Middle East and North Africa .. 65 70 62 71 73 60 57 58 55 51 52 52 52
South Asia 784 829 866 905 970 993 .. 1,086 1,082 1,076 1,044 980 943 894
Sub-Saharan Africa .. .. .. 388 438 473 514 555 574 599 623 630 633 639

Total six regions 2,568 2,700 2,761 2,891 3,008 2,989 3,052 2,958 2,746 2,579 2,433 2,294 2,203 2,035
World 2,578 2,708 2,768 2,898 3,015 2,996 3,059 2,965 2,754 2,586 2,442 2,303 2,213 2,044

Population living below $3.20 a day (% of population, 2011 PPP)

Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013
East Asia and Pacific 93.7 91.0 86.6 85.3 79.7 70.6 67.1 57.2 45.4 37.4 30.6 26.5 23.8 17.6
Europe and Central Asia .. .. 9.2 10.0 15.1 19.2 21.1 14.9 11.8 7.5 7.0 6.6 6.3 5.7
Latin America and the Caribbean 26.1 30.7 26.1 28.2 26.9 27.5 26.8 24.7 21.2 15.6 13.9 13.0 11.8 11.3
Middle East and North Africa .. 33.9 33.0 27.0 28.9 28.0 21.7 19.6 18.8 16.8 14.9 15.0 14.8 14.5
South Asia 85.1 83.8 81.7 79.8 80.3 77.3 .. 75.5 71.5 67.9 64.0 59.2 56.2 52.6
Sub-Saharan Africa .. .. .. 75.8 78.7 78.5 78.8 78.7 75.1 72.1 71.0 69.9 68.7 67.5

Total six regions 70.0 69.3 66.8 66.0 65.2 61.7 60.2 55.9 49.9 45.0 41.4 38.5 36.5 33.3
World 57.3 57.1 55.4 55.0 54.6 51.9 50.8 47.4 42.4 38.4 35.4 33.0 31.3 28.6

Source: PovCalNet, World Development Indicators, and World Bank Poverty and Equity databases. For data updates visit data.worldbank.org.
Note: PPP = purchasing power parity; .. = not available. For details on regional groupings, see http://iresearch.worldbank.org/PovcalNet/data.aspx. Data are current as of October 2017.
Gross Domestic Product per Capita Index | 2005–17

Africa East Asia and Pacific

250 250 235

200 200

150 150
121
100 100
100 100

50 50
2009
2005
2006
2007
2008

2010
2011
2012
2013
2014
2015
2016
2017

2011
2005
2006
2007
2008
2009
2010

2012
2013
2014
2015
2016
2017
Europe and Central Asia Latin America and the Caribbean

250 250

200 200

142
150 150
117
100 100
100 100

50 50
2009
2005
2006
2007
2008

2010
2011
2012
2013
2014
2015
2016
2017

2012

2015
2005
2006
2007
2008
2009
2010
2011

2013
2014

2016
2017
Middle East and North Africa South Asia

250 250

190
200 200

150 150
119
100
100
100
100

50
50
2012
2005
2006
2007
2008
2009
2010
2011

2013
2014
2015
2016
2017
2007
2005
2006

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

Source: World Development Indicators database.

Governors and Alternates of the World Bank | June 30, 2018

Member Country Governor Alternate

Afghanistan Eklil Ahmad Hakimi Mohammad Khalid Payenda

Albania Arben Ahmetaj Elisabeta Gjoni

Algeria Abderrahmane Raouya Abdelhak Bedjaoui

Angola Augusto de Sousa Archer Mangueira Pedro Luis da Fonseca

Antigua and Barbuda a Gaston Browne Lennox Weston

Argentina Luis Andres Caputo Federico Sturzenegger

Armenia Vache Gabrielyan Armen Hayrapetyan

Australia Scott Morrison Kelly O'Dwyer

Austria Hartwig Löger Harald Waiglein

Azerbaijan Elman Siradjogly Rustamov Shahin Mustafayev

Bahamas, The Peter Turnquest Marlon Johnson

Bahrain a Ahmed bin Mohammed Al Khalifa Yusuf Abdulla Humood

Bangladesh Abul Maal A. Muhith Kazi Shofiqul Azam

Barbados Christopher P. Sinckler Louis Woodroffe

Belarus a Vasily Matyushevsky Vladimir Zinovsky

Belgium Johan Van Overtveldt Alexander De Croo

Belize Dean O. Barrow Yvonne Sharman Hyde

Benin Abdoulaye Bio Tchane Romuald Wadagni

Bhutan Lyonpo Namgay Dorji Nim Dorji

Bolivia Mariana Prado Noya Mario Alberto Guillén Suárez

Bosnia and Herzegovina Denis Zvizdic Josip Grubesa

Botswana Ontefetse Kenneth Matambo Solomon M. Sekwakwa

Brazil Eduardo Refinetti Guardia Ilan Goldfajn

Brunei Darussalam a Sultan Haji Hassanal Bolkiah Mohd Amin Liew Abdullah

Bulgaria a Vladislav Goranov Dimitar Kostov

Burkina Faso Hadizatou Rosine Coulibaly/Sori Ambroise Kafando

Burundi Domitien Ndihokubwayo Leon Nimbona

Cabo Verde Olavo Correia Carla Cruz

Cambodia Pornmoniroth Aun Vissoth Vongsey

Cameroon Alamine Ousmane Mey Charles Assamba Ongodo

Canada Bill Morneau Diane Jacovella

Member Country Governor Alternate

Central African Republic Felix Moloua Steve Laurent Apete-Matongo

Chad Issa Doubragne Abdoulaye Sabre Fadoul

Rodrigo Andres Cerda
Chile Felipe Larrain Bascunan
Norambuena

China Liu Kun Yaobin Shi

Colombia Mauricio Cardenas Santamaria Luis Fernando Mejia Alzate

Comoros Said Ali Said Chayhane Fouady Goulame

Déogracias Mutombo Mwana
Congo, Democratic Republic of Henri Yav Mulang
Nyembo

Congo, Republic of Ingrid Olga Ghislaine Ebouka-Babackas Calixte Nganongo

Costa Rica Rocio Aguilar Montoya Olivier Castro Perez

Cote d'Ivoire Amadou Gon Coulibaly Moussa Sanogo

Croatia Zdravko Maric VACANT

Cyprus Harris Georgiades Christos Patsalides

Czech Republic Alena Schillerova Lenka Dupakova

Denmark Ulla Tornaes Martin Bille Hermann

Djibouti Ilyas Moussa Dawaleh Mariam Hamadou Ali

Dominica Roosevelt Skerrit Rosamund Edwards

Dominican Republic Isidoro Santana Donald Guerrero

Ecuador Richard Iván Martinez Alvarado Veronica Elizabeth Artola Jarrin

Egypt, Arab Republic of Sahar Nasr VACANT

El Salvador Nelson Fuentes Ovidio Cabrera Melgar

Equatorial Guinea Lucas Abaga Nchama Valentin Ela Maye

Eritrea Berhane Habtermariam Martha Woldegiorghis

Estonia Toomas Toniste Marten Ross

Eswatini Hlangusemphi Dlamini Bheki Sibonangaye Bhembe

Ethiopia Abraham Tekeste Ato Admasu Nebebe

Fiji Aiyaz Sayed-Khaiyum Makereta Konrote

Finland Petteri Orpo Anne-Mari Virolainen

France Bruno Le Maire Odile Renaud-Basso

Gabon Regis Immongault Roger Owono Mba

Gambia, The Amadou Sanneh Lamin Camara

Georgia Mamuka Bakhtadze VACANT

Germany Gerd Mueller Wolfgang Schmidt

Member Country Governor Alternate

Ghana Kenneth Ofori-Atta Charles Adu Boahen

Greece Yannis Dragasakis Ilias Xanthakos

Grenada Keith C. Mitchell Kim Frederick

Guatemala Julio Hector Estrada Julio Suarez-Guerra

Guinea Kanny Diallo Mohamed Lamine Doumbouya

Guinea-Bissau Aristides Gomes Joao Alberto Djata

Guyana Winston Jordan VACANT

Haiti Jude Alix Patrick Salomon Jean Baden Dubois

Honduras Rocio Izabel Tabora Wilfredo Cerrato Rodriguez

Hungary Mihaly Varga Agnes Anna Hornung

Iceland Gudlaugur Thor Thordarson Bjarni Benediktsson

India Arun Jaitley Subhash Chandra Garg

Indonesia Sri Mulyani Indrawati Bambang P.S. Brodjonegoro

Iran, Islamic Republic of Masoud Karbasian Mohammad Khazaee Torshizi

Kadhim Mohammed Jawad Hasan
Iraq Maher Hammad Johan
Alhasani

Ireland Paschal Donohoe Derek Moran

Israel Moshe Kahlon Nadine Baudot-Trajtenberg

Italy Ignazio Visco Gelsomina Vigliotti

Jamaica a Nigel Clarke Darlene Morrison

Japan Taro Aso Haruhiko Kuroda

Jordan Imad Najib Fakhoury Zeina Toukan

Kazakhstan Timur Suleimenov Madina Abylkassymova

Kenya Henry Kiplagat Rotich Kamau Thugge

Kiribati Teuea Toatu Saitofi Mika

Korea, Republic of Dong Yeon Kim Juyeol Lee

Kosovo Bedri Hamza VACANT

Kuwait Nayef Falah Al-Hajraf Abdulwahab Ahmed Al-Bader

Kyrgyz Republic Adylbek Kasymaliev Oleg Pankratov

Lao People's Democratic Republic Somdy Douangdy Vathana Dalaloy

Latvia Dana Reizniece-Ozola Arvils Aseradens

Lebanon Ali Hassan Khalil Raed Khoury

Lesotho Tlohelang Peter Aumane Khomoatsana Tau

Member Country Governor Alternate

Liberia Samuel D. Tweah Milton Weeks

Libya Taher E. Jehaimi VACANT

Lithuania Vilius Sapoka Migle Tuskiene

Luxembourg Pierre Gramegna Arsene Joseph Jacoby

Macedonia, former Yugoslav Republic of Dragan Tevdovski Kocho Angjushev

Madagascar Herilanto Raveloharison Alexandre Randrianasolo

Malawi Goodall E. Gondwe Ben Botolo

Malaysia Lim Guan Eng Ismail Hj Bakar

Maldives Ahmed Zuhoor Mohamed Jaleel

Mali Boubou Cissé Arouna Modibo Toure

Malta a Edward Scicluna Alfred S. Camilleri

Marshall Islands Brenson S. Wase David Paul

Mauritania El Moctar Ould Djay Abass Sylla

Mauritius Pravind Kumar Jugnauth Dharam Dev Manraj

Mexico José Antonio González Anaya Miguel Messmacher Linartas

Micronesia, Federated States of Sihna N. Lawrence Senny Phillip

Moldova Octavian Armasu Tatiana Ivanicichina

Mongolia Khurelbaatar Chimed Nadmid Bayartsaikhan

Montenegro Darko Radunovic Nina Vujosevic

Morocco Mohammed Boussaid Lahcen Daoudi

Mozambique Adriano Afonso Maleiane Rogerio Lucas Zandamela

Myanmar U Kyaw Win U Maung Maung Win

Namibia a Carl Hermann Gustav Schlettwein Ipumbu Shiimi

Nauru a David Adeang Martin Hunt

Nepal Yuba Raj Khatiwada Rajan Khanal

Netherlands Wopke Hoekstra Sigrid Kaag

New Zealand Grant Robertson Gabriel Makhlouf

Nicaragua Ivan Acosta Montalvan Francisco J. Mayorga

Niger Aichatou Boulama Kane Ahmat Jidoud

Nigeria Kemi Adeosun Mahmoud Isa-Dutse

Norway Nicolai Eivindsson Astrup Jens Frolich Holte

Oman Darwish Ismail Al Balushi VACANT

Member Country Governor Alternate

Pakistan Miftah Ismail Syed Ghazanfar Abbas Jilani

Palau Elbuchel Sadang Casmir Remengesau

Panama Dulcidio De La Guardia Gustavo Valderrama

Papua New Guinea Charles Abel Dairi Vele

Paraguay Lea Raquel Gimenéz Duarte Humberto Colmán

Peru Carlos Augusto Oliva Neyra Betty Armida Sotelo Bazán

Philippines Carlos G. Dominguez Nestor A. Espenilla

Poland Adam Glapinski Piotr Nowak

Portugal Mario Centeno Ricardo Mourinho Felix

Qatar a Ali Sharieff Al Emadi Abdullah Bin Saoud Al-Thani

Romania Eugen Orlando Teodorovici Liviu Voinea

Russian Federation Maksim Oreshkin Storchak Sergey Anatolyevich

Rwanda Uzziel Ndagijimana Claudine Uwera

Samoa Sili Sala Epa Tuioti Iulai Lavea

San Marino a Andrea Zafferani Dario Galassi

Sao Tome and Principe Americo d'Oliveira dos Ramos Ana Maria da Conceicao Silveira

Saudi Arabia Mohammed A. Al-Jadaan Ahmed A. Alkholifey

Senegal Amadou Ba Papa Amadou Sarr

Serbia Sinisa Mali Rasim Ljajic

Seychelles a Maurice Loustau-Lalanne Caroline Abel

Sierra Leone Jacob Jusu Saffa Sahr Lahai Jusu

Singapore Heng Swee Keat Ching Yee Tan

Slovak Republic Peter Kazimir Ludovit Odor

Slovenia Mateja Vranicar Erman Gorazd Rencelj

Solomon Islands Manasseh Damukana Sogavare Harry Degruit Kuma

Somalia Abdirahman Duale Beileh Bashir Isse

South Africa Nhlanhla Nene Dondo Mogajane

South Sudan Salvatore Garang Mabiordit Dier Tong Ngor

Spain Nadia Calviňo Santamaría Irene Garrido Valenzuela

Sri Lanka Mangala Samaraweera Ruwanchandra Kalu Dura Shantha

St. Kitts and Nevis Timothy S. Harris Hillary Hazel

St. Lucia Allen M. Chastanet Ubaldus Raymond

 Member Country Governor Alternate

St. Vincent and the Grenadines Camillo Gonsalves Laura Anthony-Browne

Sudan Mohamed Osman Suliman Elrkabi Hazim Abdelgadir Ahmed Babiker

Suriname a Gillmore Hoefdraad Sieglien Burleson

Sweden Magdalena Andersson Isabella Lovin

Switzerland Johann N. Schneider-Ammann Ignazio Cassis

Syrian Arab Republic Samer Al-Khalil Manhal Hinnawi

Tajikistan Faiziddin Qahorzoda Dilshod Ismatullozoda

Tanzania Philip Isdor Mpango Doto Mgosha James

Thailand Apisak Tantivorawong Prasong Poontaneat

Timor-Leste Santina JRF Viegas Cardoso Helder Lopes

Togo Kossi Assimaidou Aheba Johnson

Tonga Pohiva Tu'i'onetoa Pilimilose Balwyn Fa'otusia

Trinidad and Tobago Colm Imbert Camille Robinson-Regis

Tunisia Zied Laadhari Kalthoum Hamzaoui

Turkey Osman Celik Raci Kaya

Merdanguly Magtymgulyyevich
Turkmenistan a Batyr Bazarov
Palivanov

Tuvalu Maatia Toafa Talavai Iona

Uganda Matia Kasaija Keith Muhakanizi

Ukraine Stepan Kubiv VACANT

United Arab Emirates Sheikh Hamdan bin Rashid Al-Maktoum Obaid Humaid Al Tayer

United Kingdom Penny Mordaunt Philip Hammond

United States Steven T. Mnuchin VACANT

Uruguay a Danilo Astori Pablo Ferreri

Uzbekistan Sukhrob R. Kholmuradov Azim I. Akhmedkhadjaev

Vanuatu Gaetan Pikioune Simeon Malachi Athy

Venezuela, Republica Bolivariana de a Simon Alejandro Zerpa Delgado Xabier Fernando Leon Anchustegui

Vietnam Minh Hung Le Thi Hong Nguyen

Yemen, Republic of Mohammed Saeed Al-Sadi Nazar Abdulla Basuhaib

Zambia Margaret Mwanakatwe Alexander Chiteme

Zimbabwe Patrick Anthony Chinamasa Willard Lowenstern Manungo

Source: Corporate Secretariat, June 30, 2018.

a. Not a member of IDA
Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2018

IBRD IDA

Executive Director Alternate Casting votes of Total % of Total % of

votes total votes total

Appointed

(Vacant) Erik Paul Bethel United States 385,210 15.98% 2,846,457 10.20%

Kazuhiko Koguchi Kenichi Nishikata Japan 166,152 6.89% 2,323,331 8.33%

Yingming Yang Minwen Zhang China 107,302 4.45% 617,607 2.21%

Juergen Zattler Claus Michael Happe Germany 97,282 4.03% 1,497,064 5.37%

Hervé de Villeroché Benoit Paul Eleuthere 91,112 3.78% 1,058,451 3.79%

France
Catzaras

Melanie Robinson David Stephen Kinder United Kingdom 91,112 3.78% 1,807,008 6.48%

Elected

Franciscus Godts Guenther Austria, Belarusa, Belgium, Czech 117,079 4.86% 1,310,260 4.70%
(Belgium) Schoenleitner Republic, Hungary, Kosovo,
(Austria) Luxembourg, Slovak Republic,
Slovenia, Turkey

Fernando Jimenez Rodrigo Carriedo Haro Costa Rica, El Salvador, 115,271 4.78% 675,219 2.42%
Latorre (Mexico) Guatemala, Honduras, Mexico,
(Spain) Nicaragua, Spain, Venezuela
(República Bolivariana de)a

Frank Heemskerk Roman Kachur Armenia, Bosnia and Herzegovina, 101,338 4.20% 1,343,436 4.82%
(Netherlands) (Ukraine) Bulgariaa, Croatia, Cyprus,
Georgia, Israel, Macedonia (former
Yugoslav Republic of), Moldova,
Montenegro, Netherlands,
Romania, Ukraine

Jason Allford Hoe Jeong Kim Australia, Cambodia, Kiribati, 97,496 4.04% 1,080,671 3.87%
(Australia) (Republic of Korea) Korea (Republic of), Marshall
Islands, Micronesia (Federated
States of), Mongolia, Naurua, New
Zealand, Palau, Papua New
Guinea, Samoa, Solomon Islands,
Tuvalu, Vanuatu

Otaviano Canuto Diana Quintero Brazil, Colombia, Dominican 92,222 3.82% 936,862 3.36%
(Brazil) (Colombia) Republic, Ecuador, Haiti, Panama,
Philippines, Surinamea, Trinidad
and Tobago

Christine Hogan Peteranne Tamara Antigua and Barbudaa, The 86,326 3.58% 1,232,365 4.42%
(Canada) Donaldson Bahamas, Barbados, Belize,
(Jamaica) Canada, Dominica, Grenada,
Guyana, Ireland, Jamaicaa,
St. Kitts and Nevis, St. Lucia,
St. Vincent and the Grenadines

Aparna Subramani Muhammad Musharraf Bangladesh, Bhutan, India, Sri 85,057 3.53% 1,109,522 3.98%
(India) Hossain Bhuiyan Lanka
(Bangladesh)
 IBRD IDA

Executive Director Alternate Casting votes of Total % of Total % of

votes total votes total

Patrizio Pagano Paulo Pedroso Albania, Greece, Italy, Maltaa, 83,140 3.45% 870,036 3.12%
(Italy) (Portugal) Portugal, San Marinoa, Timor-Leste

Werner Gruber Katarzyna Zajdel- Azerbaijan, Kazakhstan, Kyrgyz 75,125 3.12% 1,278,615 4.58%
(Switzerland) Kurowska Republic, Poland, Serbia,
(Poland) Switzerland, Tajikistan,
Turkmenistana, Uzbekistan

Susan Anette Ulbaek (Vacant) Denmark, Estonia, Finland, 74,726 3.10% 1,514,039 5.43%
(Denmark) Iceland, Latvia, Lithuania, Norway,
Sweden

Omar Bougara Shahid Ashraf Tarar Afghanistan, Algeria, Ghana, Iran 74,497 3.09% 714,051 2.56%
(Algeria) (Pakistan) (Islamic Republic of), Morocco,
Pakistan, Tunisia

Andin Hadiyanto Mastura Abdul Karim Brunei Darussalama, Fiji, 71,587 2.97% 820,390 2.94%
(Indonesia) (Malaysia) Indonesia, Lao People’s
Democratic Republic, Malaysia,
Myanmar, Nepal, Singapore,
Thailand, Tonga, Vietnam

Andrei Lushin Eugene B. Miagkov Russian Federation, Syrian Arab 70,373 2.92% 101,674 0.36%
(Russian Federation) (Russian Federation) Republic

Merza Hasan Ragui El-Etreby Bahraina, Egypt (Arab Republic of), 68,279 2.83% 578,042 2.07%
(Kuwait) (Arab Republic of Iraq, Jordan, Kuwait, Lebanon,
Egypt) Libya, Maldives, Oman, Qatara,
United Arab Emirates, Yemen
(Republic of)

Khalid Alkhudairy Turki Dhaifallah Saudi Arabia 67,213 2.79% 911,234 3.27%
(Saudi Arabia) Almutairi
(Saudi Arabia)

Maximo Torero Daniel Pierini Argentina, Bolivia, Chile, Paraguay, 56,233 2.33% 602,342 2.16%
(Peru) (Argentina) Peru, Uruguaya

Seydou Bouda Jean-Claude Benin, Burkina Faso, Cabo Verde, 50,093 2.08% 1,206,699 4.33%
(Burkina Faso) Tchatchouang Cameroon, Central African
(Cameroon) Republic, Chad, Comoros, Congo
(Democratic Republic of), Congo
(Republic of), Côte d’Ivoire,
Djibouti, Equatorial Guinea, Gabon,
Guinea, Guinea-Bissau,
Madagascar, Mali, Mauritania,
Mauritius, Niger, São Tomé and
Príncipe, Senegal, Togo

Andrew Bvumbe Anne Kabagambe Botswana, Burundi, Eritrea, 47,101 1.95% 1,133,351 4.06%
(Zimbabwe) (Uganda) Ethiopia, The Gambia, Kenya,
Lesotho, Liberia, Malawi,
Mozambique, Namibiaa, Rwanda,
Seychellesa, Sierra Leone,
Somalia, South Sudan, Sudan,
Swaziland, Tanzania, Uganda,
Zambia, Zimbabwe
 IBRD IDA

Executive Director Alternate Casting votes of Total % of Total % of

votes total votes total

Patience Bongiwe Haruna Mohammed Angola, Nigeria, South Africa 39,850 1.65% 328,533 1.18%
Kunene (Nigeria)
(South Africa)

a. Not a member of IDA.

In addition to the Executive Directors and Alternates shown in the foregoing list, the following also served after June
30, 2017.

Executive Director End of period of service Alternate End of period of service

Subhash Chandra Garg July 12, 2017 Claudio Doltu August 7, 2017
(India) (Romania)

Karen Mathiasen November 2, 2017 Daiho Fujii July 30, 2017

(United States) (Japan)

Heath Tarbert April 9, 2018 Paulina Gomulak March 31, 2018

(United States) (Poland)

Nasir Mahmood Khosa December 25, 2017

(Pakistan)

Nuno Mota Pinto January 25, 2018

(Portugal)

Martin Poder June 29, 2018

(Estonia)

Clare Roberts December 28, 2017

(United Kingdom)
 FOR IMMEDIATE RELEASE
DEVELOPMENT COMMITTEE
JOINT MINISTERIAL COMMITTEE
OF THE
BOARDS OF GOVERNORS OF THE BANK AND THE FUND
ON THE
TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES
1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-2980; Fax:(202) 522 2804
Washington, DC October 14, 2017

1. The Development Committee met today, October 14, in Washington, D.C.

2. Global growth has improved over the past year with a recovery in investment, trade and commodity prices as well as
supportive global financial conditions. Still, risks to the global outlook remain skewed to the downside, and prospects
for growth vary widely across countries. While there has been encouraging progress in poverty reduction globally;
high rates of inequality persist within and among countries, and stubborn pockets of poverty remain. Complex,
interlinked challenges also risk rolling back the important gains of recent decades in an increasingly interconnected
global economy.

3. The urgency and scale of today’s risks to development require national and global coordinated action to achieve
robust, sustainable, and inclusive development outcomes. The WBG is an effective and accountable leader in the
global development arena, and we acknowledge its strong track record of supporting countries’ long-term
development ambitions. With its capable staff, it is well-positioned to catalyze and deploy public and private finance
to serve all clients using a range of financial, risk, advisory and knowledge products. It also has the capacity to
convene partners at the global, regional, and national levels. These factors make it a unique institution within the
development community.

4. Recent human losses and economic shocks caused by natural disasters, famine, conflict, and displacement
demonstrate that hard-earned economic and social gains can easily be lost. The need for fiscal adjustment also poses
challenges in many economies, especially in highly indebted countries. We call on the WBG and the International
Monetary Fund (IMF) to remain alert to the risk of debt distress amid the cyclical and structural headwinds that
confront many developing economies, including through enhanced support for private investment in Africa. Their
continued assistance is critical to countries’ efforts to achieve sustainable and inclusive growth, enhance human
capital, and strengthen resilience.

5. To promote sustainable and inclusive growth, we urge enhanced coordination and partnership across multilateral
development banks (MDBs) and other international financial institutions (IFIs) to help leverage the financing required
to create jobs and build healthy economies. We are encouraged by WBG efforts to maximize finance for
development, including through the Cascade approach, which is intended to ensure that public and private
investments are complementary. We ask the WBG to help countries maximize their development resources by
drawing appropriately on private sector solutions to achieve the WBG’s twin goals and the Sustainable Development
Goals (SDGs).

6. To enhance human capital, we encourage systematic approaches to health, nutrition, education, and social protection
that create the foundations for long-term development. In particular, we welcome the World Development Report,
Learning to Realize Education’s Promise. Improving learning outcomes for all is an important practical strategy for
eliminating poverty and achieving shared prosperity. It is also a moral imperative. When children attend school
without learning even the most basic life skills, it is not just a wasted opportunity; it is also a grave injustice. We urge
the WBG to work with clients to adapt and design policies which over time can help them bolster learning and
prepare their citizens for technological changes that will transform labor markets.
7. Closing gender gaps for women in access to property, finance and decent work is critical for achieving the SDGs. We
are encouraged by the WBG’s creation of the Women Entrepreneurs Finance Initiative, which is expected to leverage
more than US$1 billion to help unlock the potential of women entrepreneurs. We also welcome the creation of a
Gender Diversity Working Group at the Board of Executive Directors and request an update on its progress by the
Spring Meetings in 2018.

8. To strengthen resilience, we urge continued investment in policies and programs that enable economic diversification
and minimize the negative impact of acute and long-term challenges to development. Macroeconomic shocks arising
from such crises as conflict, pandemics, natural disasters, and extreme weather events can displace communities and
create high costs in terms of lost lives, livelihoods, infrastructure and social cohesion. Moreover, cyclical shocks
place pressure on vulnerable financial systems. We call on the WBG and IMF to continue to work with countries to
strengthen domestic resource mobilization, reduce illicit financial flows, create instruments for crisis and disaster
prevention and preparedness, and ensure economic and social resilience when crises and disasters occur.

9. We highlight the need for action to address challenges – climate change, migration and forced displacement, global
health, as well as fragility, conflict and violence (FCV) – that threaten all countries. We applaud platforms such as
the Caribbean Catastrophe Risk Insurance Facility, the Global Concessional Financing Facility and the Pandemic
Emergency Financing Facility as examples of WBG leadership in helping countries apply solutions at national,
regional, and global levels. We note the ambition set out in the WBG Climate Change Action Plan. We recognize
that small states are disproportionately affected by disaster risks and note the continued importance of facilitating
their access to finance.

10. We welcome the start of IDA18, its record replenishment of US$75 billion, its new financial model and Triple A
rating, and its focus on jobs and economic transformation, gender, climate change, governance and FCV. We look
forward to successful implementation, including the contribution that increases in funding and staff will make in
countries affected by FCV. We especially commend the renewed focus on facilitating private sector investment to
boost growth for the poorest and most vulnerable. In this regard, we recognize the importance of IDA18’s IFC-MIGA
Private Sector Window to mobilize private investment and create markets in the most challenging environments.

11. We are encouraged by the Forward Look implementation update and recognize the importance of the WBG serving
all client segments, noting that resources should be strategically deployed to meet global and client needs and targeted
to areas of the world that most need funding and have least access to capital, with a tailored value proposition to the
full range of clients. We support the initiatives that seek to optimize operational and administrative simplification
without compromising the quality of WBG operational and analytical support. We expect the WBG to continuously
strive for improvement through initiatives such as the Environment and Social Framework implementation, the Agile
program as well as the Compensation Review. Increasing efficiency and effectiveness are also critical to support the
institution’s goals of reducing poverty and boosting shared prosperity in a sustainable manner. We look forward to a
further update at the Spring Meetings 2018, including targets for measuring progress.

12. We welcome the progress report to Governors on the Shareholding Review. We endorse the continuing work that
provides for further consideration of options and call on the Board to bring these discussions to a successful
conclusion by Spring Meetings 2018.

13. We recall the high ambition set out in the Forward Look and recognize the expectations placed on the WBG. We ask
the Board and Management to review all possible options to enhance the WBG’s financial capacity and develop a
package of measures, including internal levers and general and selective capital increases, for Governors’
consideration, with the aim of reaching a decision at the 2018 Spring Meetings.

14. The next meeting of the Development Committee is scheduled for April 21, 2018.

2
FOR IMMEDIATE RELEASE
DEVELOPMENT COMMITTEE
JOINT MINISTERIAL COMMITTEE
OF THE
BOARDS OF GOVERNORS OF THE BANK AND THE FUND
ON THE
TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES
1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-0388
Washington, DC April 21, 2018

1. The Development Committee met today, April 21, in Washington, D.C.

2. We welcome the fundamental reforms that have been negotiated as part of the proposed capital package and that will
allow the World Bank Group (WBG) to more effectively deliver development results in a financially sustainable
manner. We recognize that the WBG has set out an ambitious strategy to support achievement of the 2030
development agenda, and that it is committed to implementing the necessary operational changes and effectiveness
reforms to successfully deliver on the vision of the Forward Look. We also recognize that the WBG must strengthen
its financial capacity to meet the aspirations of its shareholders, mobilize capital at scale, and respond to global
development challenges.

3. We welcome the Forward Look Implementation Update report, including the metrics put forth for measuring progress
and the continued efforts toward becoming a better and stronger Bank. We recognize the importance of staying
engaged with all clients, while continually ensuring that WBG resources are strategically deployed to meet global and
client needs and targeted to areas of the world that most need funding. Engagements with shareholders on the Forward
Look strongly affirmed the WBG’s role as a premier institution in development. We reiterate our commitment to the
twin goals of eliminating extreme poverty and boosting shared prosperity and to the four key priorities that the
Forward Look established: (i) stay engaged with all clients; (ii) lead on the Global Public Goods agenda; (iii)
mobilize capital and create markets; and (iv) continually improve effectiveness and the internal operational model.

4. We welcome the successful conclusion of the negotiations on the financial and policy package contained in the
Sustainable Financing for Sustainable Development report. The financial package includes a US$13 billion paid-in
capital increase, consisting of US$7.5 billion for IBRD and US$5.5 billion for IFC, via general and selective capital
increases. In addition, there will be a callable capital increase for IBRD. This is a transformative package, comprising
fundamental institutional and financial reforms. These include internal efficiency and revenue measures, and an
increase in capital that will support a financially sustainable and efficient WBG. We look forward to the policy
commitments in the package and the Forward Look being regularly monitored and reported on in an integrated way
and independently assessed after five years. We ask that Board-related and senior management budgets, including
salaries, be reviewed by the appropriate bodies, to identify possible additional cost-saving measures with the aim of
making a meaningful contribution to the financial package.

5. We welcome the Report of the Shareholding Review and accept its recommendations. The recommended Selective
Capital Increase (SCI) for IBRD will result in rebalanced shareholding and reduce extreme under-representation while
continuing to deliver voice reform in manageable steps. The recommended SCI for IFC will result in more closely
aligned voting power between the institutions of the WBG and contribute to the IFC capital increase.

6. We appreciate the intensive engagement by the Board and management on the new financial, shareholding, and
institutional reform packages. We ask the Board and management to submit draft resolutions to Governors by the end
of June for approval by the Annual Meetings 2018.

7. As agreed by Governors in 2010, the next five-yearly Shareholding Review will take place in 2020. This will provide
an opportunity to review under-representation relative to updated calculated shareholding from the IBRD Dynamic
Formula, as well as the other issues identified in the Lima shareholding review principles, including the rights and
responsibilities of shareholders. It will also provide an opportunity to consider further the methodology for IFC
shareholding.
8. The capital package has been developed against the backdrop of a changing and increasingly complex development
landscape. Despite impressive gains in recent decades, development progress remains uneven. Keeping up the pace of
past progress and addressing emerging challenges will require sustained effort in the face of persistent global
headwinds and structural changes to the global economy. Although global growth is expected to be robust in the near
term, the continued weakness of productivity growth and lingering financial vulnerabilities call for wide-ranging
reforms that will lay the foundation for strong growth over the longer term.

9. As the main driver of investment, innovation and jobs, the private sector needs to play a much greater role in
development. We call on the World Bank, IFC, and MIGA to work closely together to tackle market and regulatory
imperfections, strengthen policies and institutional capacity, and collaborate to mobilize private investment for
inclusive development and poverty reduction. The WBG must continue to crowd in private sector resources to
contribute to stability and growth potential, quality infrastructure, and human capital, including through strengthened
health and education systems and enhanced skills development and local job creation. We recognize the value of the
multilateral development banks working together more systematically and encourage the WBG to continue
coordinating with others in order to maximize financing and development impact. We urge the WBG and the IMF to
further enhance their support for governments seeking to boost domestic resource mobilization and combat illicit
financial flows.

10. The WBG is uniquely placed to address global development challenges, combining knowledge, convening power and
financial leverage. We encourage it to intensify its engagement to provide global public goods, help clients embed
resilience in their growth trajectories, and address global development issues including gender equality, climate,
regional integration, and pandemics.

11. We welcome progress on implementing IDA 18, where a record replenishment and innovative initiatives have the
potential to meet the most urgent development challenges. IDA’s increased focus on jobs and economic
transformation, including through the innovative Private Sector Window, is encouraging investment in IDA countries.
We also welcome overall WBG engagement in situations of fragility, conflict and violence, especially where
humanitarian crises cause hardship and forced displacement. We support management’s efforts to increase its field
presence in these areas.

12. We note with concern the marked increase in public debt levels in low-income countries in recent years, and call on
the WBG and IMF to work together on a multi-pronged approach to reduce public debt vulnerabilities. They should
continue to work closely with governments to strengthen fiscal frameworks and debt management capacity, and to
tackle debt data gaps and improve debt transparency, working with creditors where relevant. We welcome the
upcoming roll-out of an upgraded Debt Sustainability Framework for low-income countries by the two institutions,
which will enable a richer analysis and assessment of public debt vulnerabilities by governments.

13. We acknowledge the Progress Report on Mainstreaming Disaster Risk Management in WBG operations and look
forward to an update in two years. We are encouraged by overall financing commitments, portfolio distribution, and
continued demand for specialized policy instruments and investments to support resilience and disaster risk and
recovery. We call on the WBG to strengthen capacity by engaging in strategic partnerships, including with the UN,
IMF, and public and private partners to mobilize finance, develop relevant tools, forge south-south cooperation, and
stay attentive to the needs of vulnerable clients such as small island states.

14. We welcome the Update to Governors on Gender Diversity in the WBG Executive Boards. We support the continuing
work to enhance and promote gender diversity at the Board and are committed to work alongside Executive Directors
in this regard. We look forward to the progress report in advance of the 2019 Spring Meetings.

15. We appreciate the WBG’s continued commitment to protecting the most vulnerable in society and promoting
environmentally sound development practices. We expect rigorous implementation of the new Environment and
Social Framework. We look forward to continued WBG follow up on the recommendations of the Gender Based
Violence Task Force.

16. The next meeting of the Development Committee is scheduled for October 13, 2018, in Bali, Indonesia.
2
Officers of the World Bank | June 30, 2018

Name Title

Jim Yong Kim President

Kristalina Georgieva Chief Executive Officer

Joaquim Levy Managing Director and World Bank Group Chief Financial Officer

Shaolin Yang Managing Director and World Bank Group Chief Administrative Officer

Antonella Bassani Vice President, Budget, Performance Review, and Strategic Planning

Gonzalo Castro Chairperson, Inspection Panel

Shanta Devarajan Acting World Bank Group Chief Economist

Ousmane Diagana Vice President, World Bank Group Human Resources

Makhtar Diop Vice President, Africa

Annette Dixon Vice President, Human Development

Pascale Hélène Dubois Vice President, Institutional Integrity; Acting Vice President, Ethics and Business Conduct

Jorge Familiar Calderon Vice President, Latin America and Caribbean

Manuela Ferro Vice President, Operations Policy and Country Services

Hafez Ghanem Vice President, Middle East and North Africa

Osvaldo Luis Gratacós Vice President, Compliance Advisor/Ombudsman

Caroline Heider Director General, Independent Evaluation Group

Victoria Kwakwa Vice President, East Asia and Pacific

Bernard Lauwers Vice President and World Bank Group Controller

Senior Vice President for the 2030 Development Agenda, United Nations Relations, and
Mahmoud Mohieldin
Partnerships
Cyril Muller Vice President, Europe and Central Asia

Hiroshi Naka Vice President and Auditor-General

Sandie Okoro Senior Vice President and World Bank Group General Counsel

Arunma Oteh Vice President and Treasurer

Sheila Redzepi Vice President, World Bank Group External and Corporate Relations
World Bank Group Vice President, Information and Technology Solutions, and WBG Chief
Denis Robitaille
Information Officer
Hartwig Schafer Vice President, Global Themes

Ethel Sennhauser Acting Vice President, South Asia

Lakshmi Shyam-Sunder Vice President and World Bank Group Chief Risk Officer

Yvonne Tsikata Vice President and Corporate Secretary

Laura Tuck Vice President, Sustainable Development

Axel van Trotsenburg Vice President, Development Finance

Jan Walliser* Vice President, Equitable Growth, Finance, and Institutions

*Vice President of the Equitable Growth, Finance, and Institutions Practice Group until June 2018.
 Organizational Chart
Board of Governors
Effective June 25, 2018

Caroline Heider Gonzalo Castro

Director General Executive Directors Chairperson
Independent Evaluation Inspection Panel

Sandie Okoro
Yvonne Tsikata Sr. Vice President &
Vice President WBG General Counsel
Corporate Secretary

Jim Yong Kim Shantayanan Devarajan

President Acting WBG Chief Economist
Hiroshi Naka
Vice President &
Auditor-General Mahmoud Mohieldin
Internal Audit Sr. Vice President
2030 Development Agenda
UN Relations & Partnerships

Sheila Redzepi Joaquim Levy Shaolin Yang

Ousmane Diagana
Kristalina Georgieva Vice President Managing Director Managing Director
Vice President
Chief Executive Officer & WBG Chief & WBG Chief
IBRD/IDA WBG External & Financial Officer Administrative Officer
WBG Human Resources
Corporate Relations

Lakshmi Shyam-Sunder
Antonella Bassani
Jorge Familiar Calderon Vice President &
Makhtar Diop Annette Dixon Vice President
Hartwig Schafer Vice President WBG Chief Risk Officer
Vice President Vice President Vice President
Budget, Performance
Latin America and Group Chief Risk Officer
Africa Human Development Review & Strategic Planning
Global Themes Caribbean

Axel van Trotsenburg

Pascale Helene Dubois
Manuela Ferro Victoria Kwakwa Hafez Ghanem Laura Tuck Vice President
Vice President
Vice President Vice President Vice President Vice President
Development Finance
Institutional Integrity
Operations Policy and East Asia and Pacific Middle East & North Africa Sustainable Development
Country Services

Jorge Dajani Gonzalez

Arunma Oteh Vice President &
Akihiko Nishio Vice President & WBG Chief Ethics Officer
Cyril Muller Ethel Sennhauser
Acting Vice President Treasurer
Vice President Acting Vice President
WBG Ethics & Business
Equitable Growth, Finance Treasury Conduct
Europe and Central Asia South Asia
and Institutions

Bernard Lauwers
Vice President &
WBG Controller
WBG Finance & Accounting
Denis Robitaille
Vice President &
WBG CIO
WBG Information and
Technology Solutions
 Annual Remuneration Disclosure Notice

Background
Effective as of fiscal 2007, the World Bank Group decided to disclose the remuneration of Executive
Management, Executive Directors, and staff in the annual report. The Annual Remuneration Disclosure Notice
contains the actual net salaries, annual World Bank Group contribution to the pension plan, and World Bank
Group contribution to benefits for the President, Executive Directors, Alternate Executive Directors, and staff at
Managing Director–level GK.
The Annual Remuneration Disclosure Notice format was developed by a team composed of members from
External and Corporate Relations; the Office of Ethics and Business Conduct; Human Resources Department of
Compensation and Performance; and Legal Institutional Administration. The Annual Remuneration Disclosure
Notice does not follow the exact Executive Compensation Disclosure requirements in U.S. Securities and
Exchange Commission (SEC) Regulations S-K, but is designed to provide a reasonable voluntary disclosure of
World Bank Group compensation and benefits.
The report also lists the staff salary structure with the overall average benefits at each grade level.

Calculation of Compensation and Benefits

Consistent with previous years, in fiscal 2018 the following assumptions were used to determine the annual World
Bank Group contribution to the pension plan and other benefits:
Executive Management Remuneration
1. Annual Net Salary: This shows the actual annual net salary as of June 30, 2018.
2. Annual World Bank Group Contribution to the Pension Plan: This represents the Bank Group’s estimated
contribution to the pension plan calculated as a percentage of salaries, as approved by the Pension
Finance Committee. For fiscal 2018 the overall Staff Retirement Plan (SRP) contribution rate is 30.15
percent as provided by Treasury. The World Bank Group pension contribution increased from 29.99
percent in fiscal 2017 to 30.15 percent in fiscal 2018. SRP contribution rates are determined using an
adjusted value of pension plan assets based on an averaging methodology.1
3. The estimated contribution split between gross and net plan participants is 28.51 percent for gross plan
and 30.13 percent for net plan as estimated by the Bank Group’s Principal Actuary.
4. Thus, for Executive Management in the gross plan (Philippe H. Le Houerou, Shaolin Yang), the fiscal
2018 pension contribution is estimated at 28.51 percent. For the rest of management, who are in the net
plan, the pension contribution is estimated at 30.13 percent.
The Annual World Bank Group Contribution to Other Benefits: This is an estimate of the Bank Group’s
contribution to benefits (excluding pension, tax allowances of 9.64 percent, and separation grant of 1.39
percent for those not eligible). The historical average benefits, excluding pension, is 33.67 percent of
salary.

Next Steps
The enclosed annual disclosure report will be published as part of the World Bank Annual Report and posted on
the accompanying website.

1
The Pension Finance Committee considered and approved a revised funding methodology in December 2009, which became effective for
SRP valuations as of January 1, 2010, and contribution calculations as of July 1, 2010. The revised funding method is projected to further
stabilize the pattern of World Bank Group contributions, with the annual change in contribution rates expected to be approximately half that
under the previous method over the longer term. The new funding policy is based on the SRP’s actuarial asset value on a smoothed average
of the preceding five years; previously, the funding policy used a three-year average.
Remuneration of Executive Management, Executive Directors, and Staff

To recruit and retain highly qualified staff, the World Bank Group has developed a compensation and benefits
system designed to be internationally competitive, to reward performance, and to take into account the special
needs of a multinational and largely expatriate staff. The World Bank Group's staff salary structure is reviewed
annually by the Executive Directors, and if warranted, is adjusted on the basis of a comparison with salaries paid
by private financial and industrial firms and by representative public sector agencies in the U.S. market. After
analyses of updated comparator salaries, the Board approved an average increase in the salary structure of 2.2
percent for fiscal 2018, effective July 1, 2017, for Washington-based staff.
The annual salaries (net of taxes) of executive management of the World Bank Group (WBG) were as follows as
of June 30, 2018:

Executive Management: Annual Salaries (Net of Taxes, US$)

Annual WBG Annual WBG
Annual net contribution to contribution to
Name and position salarya pension planb other benefitsc

Jim Yong Kim, President d 500,600 150,806 202,940

Philippe H. Le Houerou, Chief Executive Officer IFC e 419,400 119,571 i 178,836

Kristalina I. Georgieva, Chief Executive Officer IBRD/IDA f 419,400 - 178,836

Caroline Heider, Director General 419,400 126,344 94,956

Keiko Honda, Executive Vice President and Chief Executive

411,970 124,106 93,274
Officer MIGA
Joaquim Vieira Ferreira Levy, Managing Director and WBG Chief
411,600 123,995 93,190
Financial Officer
Mahmoud Mohieldin, Senior Vice President for the 2030
411,390 123,931 93,142
Development Agenda, United Nations Relations, and Partnerships
Shaolin Yang, Managing Director and WBG Chief Administrative
403,070 114,915 i 91,259
Officer

Paul M. Romer, Senior Vice President and Chief Economist g 403,070 121,425 91,259

Sandra Ngozi Okoro Hopkins, Senior Vice President and General

375,000 112,969 84,903
Counsel

Executive Directors h 258,570 n.a. n.a.

Alternate Executive Directors h 223,680 n.a. n.a.

a. The salaries are set on a net-of-tax basis as WBG staff, other than U.S. citizens, are usually not required to pay income taxes on their WBG
compensation.
b. Approximate annualized WBG contribution made to the Staff Retirement Plan and deferred compensation plans from July 1, 2017 through
June 30, 2018.
c. Other benefits include annual leave; medical, life, and disability insurance; accrued termination benefits; and other nonsalary benefits. Other
benefits exclude tax allowances.
d. Dr. Kim's WBG contribution to other benefits includes a supplemental allowance of $89,600 to cover expenses. As a U.S. citizen, Dr. Kim's
salary is taxable and he receives a tax allowance to cover the estimated taxes on his salary and benefits. In addition to his pension, Dr. Kim
receives a supplemental retirement benefit equal to 5 percent of annual salary.
e. Mr. Le Houerou’s WBG Contribution to Other Benefits includes a scarce skills premium of $83,880.
f. Ms. Georgieva is a former Gross Plan retiree and she is not eligible to participate in the staff retirement plan. Her WBG Contribution to Other
Benefits includes a scarce skills premium of $83,880.
g. Mr. Romer retired from his position as Senior Vice President and Chief Economist effective January 25, 2018. His actual net of tax salary
for July 1, 2017, to January 25, 2018, was $229,876. The WBG contributed $69,250 to his pension and $52,046 to other benefits over the
fiscal year.
h. These figures do not apply to the U.S. Executive Director and Alternate Executive Director, who are subject to U.S. congressional salary
caps.
i. Pension benefits for these staff members are based on Staff Retirement Plan (SRP) provisions in effect prior to April 15, 1998.
As of June 30, 2018, the salary structure (net of tax) and annual average net salaries/benefits for World Bank Group
staff were as follows:

Staff Salary Structure (Washington, D.C.)

Staff at Average Average

Minimum Midpoint Maximum grade salary/grade benefitsa
Grades Representative job titles (US$) (US$) (US$) level (%) (US$) (US$)
GA Office Assistant 27,200 38,900 50,600 0.02% 38,995 21,129
GB Team Assistant, Information Technician 33,200 47,500 61,800 0.23% 46,393 25,137
GC Program Assistant, Information Assistant 40,700 58,100 75,500 6.69% 59,947 32,481
GD Senior Program Assistant, Information
47,900 68,500 89,100 6.21% 74,009 40,101
Specialist, Budget Assistant
GE Analyst 65,200 93,100 121,000 10.44% 85,303 46,220
GF Professional 85,300 121,800 158,300 21.06% 111,642 60,491
GG Senior Professional 112,800 161,200 209,600 33.68% 155,672 84,349
GH Manager, Lead Professional 153,000 218,600 284,200 18.72% 218,903 118,609
GI Director, Senior Advisor 233,100 291,400 349,700 2.50% 289,412 156,813
GJ Vice President 278,900 328,100 377,300 0.37% 359,193 194,623
GK Managing Director, Executive Vice
310,000 364,700 419,400 0.08% 408,904 263,497
President, Chief Executive Officer
Note: Because WBG staff, other than U.S. citizens, usually are not required to pay income taxes on their WBG compensation, the salaries are
set on a net-of-tax basis. These salaries are generally equivalent to the after-tax take-home pay of the employees of the comparator
organizations and firms from which WBG salaries are derived. Only a relative small minority of staff will reach the upper third of the salary range.

a. Includes medical, life and disability insurance; accrued termination benefits; and other non-salary benefits. Excludes tax allowances.
Offices of the World Bank

Washington, DC Tokyo Armenia

1818 H Street NW Mr. Masato Miyazaki Ms. Sylvie K. Bossoutrot
Washington, DC 20433, USA Special Representative, Japan The World Bank Group
Tel: (202) 473-1000 The World Bank Group 9 G. Lousavorich Street
Web: http://www.worldbank.org 10th Floor, Fukoku Seimei Building Yerevan 0015, Armenia
2-2-2 Uchisaiwai-cho, Chiyoda-ku, Tel: (+374‐10) 59 42 44
New York Tokyo 100-0011 Japan E‐mail: sbossoutrot@worldbank.org
Mr. Bjorn Erik Gillsater Tel: (81-3) 3597-6650 Web: http://www.worldbank.org/am
The World Bank Group Fax: (81-3) 3597-6695
1 Dag Hammarskjold Plaza E-mail: mmiyazaki@worldbankgroup.org * Australia
885 2nd Avenue, 26th Floor Web: http://www.worldbank.org/en/country/japan Mr. Michel Kerf
New York, N.Y. 10017, U.S.A. Country Director - Papua New Guinea &
Tel: (212) 317-4720 * Afghanistan Pacific Islands
Fax: (212) 317-4733 Mr. Shubham Chaudhuri The World Bank Group
E-mail: bgillsater@worldbankgroup.org The World Bank Group Level 19, 14 Martin Place
Street No. 15, House No. 19 Sydney NSW 2000, Australia
* Europe Wazir Akbar Khan Tel: (61-2) 9235-6412
Mr. Mario Sander Kabul, Afghanistan Fax: (61-2) 9235-6593
The World Bank Tel: 93-70-113-3397 E-mail: mkerf@worldbank.org
66 avenue d’Iéna E-mail: schaudhuri@worldbank.org Web: http://www.worldbank.org/pacificislands
75116 Paris, France Web: http://www.worldbank.org/af
Tel: (33-1) 40 69 30 21 * Austria
E-mail: msander@worldbankgroup.org Albania Ms. Linda Van Gelder
Web: http://www.worldbank.org/europe Ms. Maryam Salim Regional Director for the Western Balkans
The World Bank Group The World Bank Group
Berlin Ibrahim Rugova Street, Villa No. 34 31 Praterstrasse, 21st floor
Mr. Rainer Venghaus Tirana, Albania 1020 Vienna, Austria
The World Bank Tel: (355-4) 2280 650/51 Tel: (43-1) 217- 0700
Reichpietschufer 20 Fax: (355-4) 2240 590 Fax: (43-1) 217-0701
10785 Berlin, Germany E-mail: msalim1@worldbank.org E-mail: lvangelder@worldbank.org
Tel: +49 (0)30 72614 250 Web: http://www.worldbank.org/al Web:
E-mail: rvenghaus@worldbankgroup.org http://www.worldbank.org/en/region/eca/brief/worl
Web: http://www.worldbank.org/en/country/germany Algeria d-bank-group-in-vienna
Mr. Demba Ba
Brussels The World Bank Group Azerbaijan
Mr. Massimiliano Paolucci 07, Chemin Macklay The World Bank Group
The World Bank Group Ben Aknoun 90A Nizami Street
Avenue Marnix 17 Algiers, Algeria 16306 The Landmark III, 5th Floor
1000 Brussels, Belgium Tel: (213) 21 79 51 53 Baku, AZ1010, Azerbaijan
Tel: (32-2) 552 00 52 Fax: (213) 21 79 51 59 Tel.: (994-12) 492 1941
Fax: (32-2) 552 00 25 E-mail: Dba@worldbank.org Fax: (994-12) 492 6873
E-mail: mpaolucci@worldbankgroup.org Web: http://www.worldbank.org/dz Web: http://www.worldbank.org/az
Web: http://www.worldbank.org/eu
Angola * Bangladesh
Geneva Ms. Clara Ana Coutinho De Sousa Mr. Qimiao Fan
Mr. Jos Verbeek Banco Mundial The World Bank
The World Bank Avenida Lenine N0 86, 70 andar, Ingombota Plot E-32, Agargaon
3 chemin Louis-Dunant Luanda, Republica de Angola Sher-e-Bangla Nagar
Post Office Box 66 (postal address: Caixa Postal 1331) Dhaka 1207, Bangladesh
1211 Geneva 20, Switzerland Tel: (244-222) 394-677 (postal address: G.P.O. Box 97)
Tel: (41-22) 748 1000 Fax: (244-222) 394-784 Tel: (880-2) 5566-7777
Fax: (41-22) 748 1030 E-mail: cdesousa@worldbank.org Fax: (880-2) 5566-7778
E-mail: Jverbeek@worldbank.org Web: http://www.worldbank.org/ao E-mail: qfan@worldbank.org
Web: http://www.worldbank.org.bd
London * Argentina
Mr. Andrew J. Felton Mr. Jesko S. Hentschel Belarus
The World Bank Group The World Bank Group Mr. Alexander Kremer
12th Floor, Millbank Tower Bouchard 547, 29th Floor The World Bank Group
21-24, Millbank C1106ABG Buenos Aires, Argentina 6 Rumyantseva Street
London SW1P 4QP, England Tel: (54-11) 4316-9700 / 4316-0600 Minsk, 220034, Republic of Belarus
Tel: (44-20) 7592 8400 Fax: (54-11) 4313-1233 Tel: (375-17) 359-1950
Fax: (44-20) 7592 8420 E-mail: Jhentschel@worldbank.org Fax: (375-17) 3559-1962
E-mail: afelton@worldbankgroup.org Web: http://bancomundial.org.ar E-mail: akremer@worldbank.org
Web: www.worldbank.org/unitedkingdom Web: http://www.worldbank.org/by
Armenia
Rome Ms. Sylvie K. Bossoutrot * Belgium
The World Bank The World Bank Group Mr. Arup Banerji (ECCU5)
Via Labicana 110 9 G. Lousavorich Street Europe and Central Asia Unit
00184 Rome, Italy Yerevan 0015, Armenia The World Bank Group
Tel: (39-06) 77 71 01 Tel: (+374-10) 59 42 44 Avenue Marnix 17
Fax: (39-06) 70 96 046 E-mail: sbossoutrot@worldbank.org 1000 Brussels, Belgium
Web: http://www.worldbank.org/europe Web: http://www.worldbank.org/am Tel: (32-2) 504 09 94
Fax: (32-2) 504 09 99
E-mail: Abanerji@worldbank.org
Web: http://www.worldbank.org/eu

_________________________________________
Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA)
offices. Updated as of August 21, 2018.
Offices of the World Bank

Benin Bulgaria Chile

Ms. Katrina M. Sharkey Mr. Fabrizio Zarcone Mr. Gaston Mariano Blanco
Banque Mondiale The World Bank Group The World Bank Group
Route de l'Aeroport World Trade Center - Interpred Dag Hammarskjod 3241
Avenue Jean-Paul II 36 Dragan Tsankov Blvd., Block A, 5th Floor Vitacura, Santiago, Chile
Face Hotel Marina ex-Sheraton 1057 Sofia, Bulgaria E-mail: gblanco@worldbank.org
Cotonou, Bénin Tel: (359-2) 969 72 29 Tel: (562) 654-1065
(postal address: 03 B.P. 2112) Fax: (359-2) 971 20 45 Fax: (562) 654-1099
Tel: (229) 21 30 58 57 / 21 30 58 97 E-mail: fzarcone@worldbank.org
Fax: (229) 21 30 17 44 Web: http://www.worldbank/bg * China
E-mail: Ksharkey@worldbank.org Mr. Bert Hofman
Web: http://www.worldbank.org/bj Burkina Faso The World Bank
Mr. Cheick Fantamady Kante 16th Floor, China World Office 2
Bhutan The World Bank Group No. 1 Jian Guo Men Wai Avenue
Mr. Yoichiro Ishihara 179, Avenue du Président Saye Zerbo Beijing, 100004
The World Bank Group Zone de Ambassades, Koulouba People's Republic of China
Bhutan Development Bank Ltd Building Ouagadougou 01, Burkina Faso Tel: (86-10) 5861-7600
Norzin Lam (postal address: BP 622) Fax: (86-10) 5861-7800
Chubachu Tel: (226) 25 49 6300 E-mail: bhofman@worldbank.org
P.O. Box 244 Fax: (226) 25 49 6364 Web: http://www.worldbank.org/china
Thimphu, Bhutan E-mail: ckante@worldbank.org Web: http://shihang.org/china
Tel: (975) 77 182 111 Web: http://www.worldbank.org/bf
Fax: (975) 77 182 113 Colombia
E-mail: yishihara@worldbank.org Burundi Mr. Ulrich Zachau
Mr. Nestor Coffi The World Bank Group
Bolivia Banque Mondiale Carrera 7 No.71-21
Mr. Nicola Pontara 03, Avenue de l’Aviation, Rohero 1 Torre A, piso 16 (WB) or Piso 14 (IFC)
The World Bank Group Bujumbura, Burundi Apartado 10229
Edificio Victor (WB) Piso 9/ (IFC) Piso 8 (postal address: B.P. 2637) Bogota, Colombia
Calle Fernando Guachalla #342 – Sopocachi Tel: (257) 2220 6200, 2220 6221 Tel: (57-1) 326-3600
La Paz, Bolivia Fax: (257) 2222 6005 Fax: (57-1) 326-3480
(postal address: Casilla 8692) E-mail: ncoffi@worldbank.org E-mail: uzachau@worldbank.org
Tel: (591-2) 261-3300 Web: http://www.worldbank.org/bi Web: http://www.worldbank.org/co
Fax: (591-2) 261-3305 Web: http://bancomundial.org/co
E-mail: npontara@worldbank.org Cambodia
Web: http://www.worldbank.org/bo Ms. Inguna Dobraja * Congo, Democratic Republic of the
The World Bank Mr. Ahmadou Moustapha Ndiaye
Bosnia and Herzegovina Exchange Square Building 10th Floor, The World Bank Group
Ms. Tatiana A. Proskuryakova No. 19-20, Street 106, Sangkat Wat Phnom Boulevard: Tshatshi, no. 49
The World Bank Phnom Penh, Cambodia Kinshasa-Gombe
UNITIC Tower B Tel: (855-23) 261315 Democratic Republic of the Congo
Fra Andjela Zvizdovica 1 Fax: (855-23) 261301 Tel: (243) 9999 49015
71000 Sarajevo E-mail: Idobraja@worldbank.org E-mail: andiaye@worldbank.org
Bosnia and Herzegovina Web: http//www.worldbank.org/kh Web: http://www.worldbank.org/cd
Tel: (387-33) 251 500
Fax: (387-33) 226 945 * Cameroon Congo, Republic of
E-mail: Tproskuryakova@worldbank.org Ms. Elisabeth Huybens Mr. Djibrilla Adamou Issa
Web: http://www.worldbank.org/ba Banque Mondiale The World Bank
rue 1. 792, No. 186 Immeuble BDEAC, 2ème étage
Botswana Yaoundé, Cameroon Boulevard Denis Sassou Nguesso
Ms. Xavier Furtado Nouvelle Route Bastos-Ekoudou P.O. Box 14536
The World Bank (postal address: B.P. 1128) Brazzaville, Republic of Congo
Time Square Tel: (237) 222 50 80 00 Tel: (242) 22281 33 30, 22281 46 38
Plot 134 Fax: (237) 22 21 07 22 Fax: (242) 22281 53 16
Independence Avenue E-mail: ehuybens@worldbank.org E-mail: dissa1@worldbank.org
Gaborone, Botswana Web: http://www.worldbank.org/cm Web: http://www.worldbank.org/cg
Tel: (267) 310 5465
Fax: (267) 310 5456 Central African Republic * Côte d’Ivoire
E-mail: xfurtado@worldbank.org Mr. Robert Bou Jaoude Mr. Pierre Frank Laporte
(Postal address: P.O. Box 20976) The World Bank Group The World Bank Group
Rue des Missions Cocody - Angle des rues Booker Washington and
* Brazil Bangui, République Centrafricaine Jacques Aka
Mr. Martin Raiser (postal address: B.P. 819) Abidjan, Côte d'Ivoire
Banco Mundial Tel: (236) 21 61 61 38 (postal address: B.P. 1850)
Setor Comercial Norte Quadra 02 Fax: (236) 21 61 60 87 Tel: (225) 22 40 04 00
Lote A – Edificio E-mail: rboujaoude@worldbank.org Fax: (225) 22 40 04 61
Corporate Financial Center, 7o Andar Web: http://www.worldbank.org/cf E-mail: plaporte@worldbank.org
Brasilia, DF 70712-900, Brasil Web: http://www.worldbank.org/ci
Tel: (55-61) 3329-1000 Chad
Fax: (55-61) 3329-1010 Mr. François Nankobogo Comoros
E-mail: mraiser@worldbank.org The World Bank Group Mr. Rasit Pertev
Web: http://www.worldbank.org/br Intersection de la rue Hamit Hangata & The World Bank Group
Avenue Idriss Miskine United Nations Building, Moroni, Hamramba
N'Djamena, Chad Union of Comoros
(postal address: B.P. 146) Po.Box 648
Tel: (235) 2252-3247, 2252-3360 Tel: (269) 773 2032
Fax: (235) 2252-4484 E-mail : rpertev@worldbank.org
E-mail: fnankobogo@worldbank.org Web : http://www.worldbank.org/comoros
Web: http://www.worldbank.org/td
_________________________________________
Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA)
offices. Updated as of August 21, 2018.
Offices of the World Bank

Croatia * Ethiopia Guatemala

Ms. Elisabetta Capannelli Ms. Carolyn Turk Ms. Homa-Zahra Fotouhi
The World Bank Group The World Bank Group The World Bank Group
Radnička cesta 80/IX Avenue (Bole Road) 13 Calle 3-40
10000 Zagreb, Croatia adjacent to Civil Service Ministry Zona 10, Edificio Atlantis, Piso 14
Tel: (385-1) 2357-222 Kirkos Sub-City Guatemala City, Guatemala
Fax: (385-1) 2357-200 Addis Ababa, Ethiopia Tel: (502) 2329-8000
E-mail: ecapannelli@worldbank.org (postal address: P.O. Box 5515) Fax: (502) 2329-8099
Web: http://www.worldbank.org/hr Tel: (251-11) 517 60 00 E-mail: hfotouhi@worldbank.org
Fax: (251-11) 662 77 17 Web: http://www.worldbank.org/gt
Dominican Republic E-mail: cturk@worldbank.org
Mr. Alessandro Legrottaglie Web: http://www.worldbank.org/et Guinea
The World Bank Group Mr. Rachidi B. Radji
Av. Lope de Vega No. 29 Fiji The World Bank Group
Torre Novocentro, Piso 10 Mr. Lasse Melgaard Immeuble de l’Archevêché
Ensanche Naco The World Bank Group Face Baie des Anges
Santo Domingo, R.D. Level 4, Ra Marama Building Conakry, Guinée
Tel: (809) 872-7300 91 Gordon Street (postal address: B.P. 1420)
Fax: (809) 872-7307 Suva, Fiji Tel: (224) 669 88 88 10/622 66 27 66
E-mail: alegrottaglie@worldbank.org Tel: (679) 322-8900 E-mail: Rradji@worldbank.orgx
Web: Fax:(679) 331-8074 Web: http://www.worldbank.org/gn
http://www.worldbank.org/en/country/dominicanrep E-mail: lmelgaard@worldbank.org
ublic Web: http://www.worldbank.org/pacificislands Guinea-Bissau
Ms. Kristina Svensson
Djibouti, Republic of France, Marseille The World Bank Group
Mr. Atou Seck Ms. Blanca Moreno-Dodson Rua Rui Djassi, Prédio das Naçoes Unidas
The World Bank Group The World Bank Escrítório do Banco Mundial
Lot 155, Extension Heron Center for Mediterranean Integration (CMI) Bissau, Guinea-Bissau
Djibouti, Republic of Djibouti Villa Valmer Tel: (245) 95 5651448
(postal address: P.O. Box 1612) 271 Corniche Kennedy E-mail: ksvensson@worldbank.org
Tel: (253) 21 35 10 90 13007 Marseille, France Web: http://www.worldbank.org/guineabissau
Fax: (253) 21 35 90 30 Tel: (33-4) 91 99 24 51
Mobile (253) 77 78 66 84 Fax: (33-4) 91 99 24 79 Guyana
E-mail: aseck2@worldbank.org E-mail: bmorenododson@worldbank.org The World Bank
Web: http://www.cmimarseille.org 87 Carmichael Street
Ecuador South Cummingsburg
Mrs. Indu John-Abraham Gabon Georgetown, Guyana
Banco Mundial (Currently vacant) Tel: (592) 223 5036
Calle 12 de Octubre 1830 y Cordero Banque Mondiale Fax: (592) 225 1384
World Trade Center Immeuble Libreville Business Square (ex GML) Web: http://www.worldbank.org/gy
Torre B, Piso 13 P.O. Box 4027
Quito, Ecuador Libreville, Gabon Haiti
Tel: (593-2) 294-3600 Tel: (241) 01 79 49 00 / 01 74 36 05 Ms. Anabela Abreu
Fax: (593-2) 294-3601 E-mail: (vacant) Banque Mondiale
E-mail: ijohnabraham@worldbank.org Web: http://www.worldbank.org/ga 7, rue Ogé
Web: http://www.worldbank.org/ec Pétion-Ville, Haiti
Gambia, The Tel: (509) 3798-0880 / 3798-0817 / 3798-0972
* Egypt, Arab Republic of The World Bank, Liaison Office E-mail: aabreu@worldbank.org
(Currently vacant) UN House, 5 Kofi Annan Street Web: http://www.worldbank.org/ht
The World Bank Group Cape Point, Bakau
Nile City Towers, North Tower Kanifing Municipal Council (KMC) Honduras
2005C Corniche El Nil, Ramlet Boulaq The Gambia Mr. Boris Weber
Cairo, Egypt Tel: (220) 449 – 8089 / 449 – 8090 The World Bank Group
(WB 29th Floor/ IFC 24th Floor) Fax: (220) 4497936 Edificio Corporativo 777, 9th Floor
Tel: (20-2) 2461 4400 Web: http://www.worldbank.org/gambia Colonia Lomas del Guijarro Sur
Fax: (20-2) 2461 9986 Tegucigalpa, Honduras
Web: http://www.worldbank.org/eg * Georgia Tel: (504) 2264-0200
Ms. Mercy Miyang Tembon Fax: (504) 2239-4555
El Salvador The World Bank Group E-mail: bweber1@worldbank.org
Mr. Fabrizio Zarcone 5A, (WB) / 5B, (IFC) Web: http://www.worldbank.org/hn
The World Bank Group Nino Ramishvili Street
Calle El Mirador Tbilisi, 0179 Georgia * India
Edificio Torre Futura Nivel 9, Locales 904 & 905 Tel: (995-32) 291 3096 Mr. Junaid Kamal Ahmad
Colonia Escalón, Fax: (995-32) 291 3478 The World Bank
San Salvador, El Salvador E-mail: mtembon@worldbank.org 70 Lodi Estate
Tel: (503) 2526-5900 Web: http://www.worldbank.org/ge New Delhi 110 003, India
Fax: (503) 2526-5936 (postal address: P.O. Box 416, New Delhi 110
E-mail: fzarcone@worldbank.org * Ghana 001)
Web: http://www.worldbank.org/sv Mr. Henri G.R. Kerali Tel: (91-11) 414 79301, 414 79302
The World Bank Group E-mail: Jahmad@worldbank.org
Independence Avenue Web: http://www.worldbank.org.in/
King Hassan Road, Plot # 3, Ridge
Accra, Ghana
(postal address: P.O. Box M. 27)
Tel: (233-302) 229681 / 220837 / 214100
Fax: (233-302) 227887
E-mail: hkerali@worldbank.org
Web: http://www.worldbank.org/gh

_________________________________________
Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA)
offices. Updated as of August 21, 2018.
Offices of the World Bank

India, Chennai * Kenya * Lebanon

Mr. Sunil Kumar (Center Manager, FPACH) Ms. Diarietou Gaye Mr. Saroj Kumar Jha
The World Bank The World Bank The World Bank Group
Chennai – Shared Services Center Delta Center Bourie House 119
11, Taramani Main Road Menengai Road, Upper Hill Abdallah Bayhum Street
Taramani, Chennai - 600113 Nairobi, Kenya Marffaa, Solidere
India (postal address: P.O. Box 30577-00100) P.O. Box 11-8577
Tel: (91-44) 2444 3324 Tel: (254-20) 293 6000 / 293 6442 Beirut, Lebanon
Fax: (91-44) 2254 1019 Fax: (254-20) 293 6380 / 2 Tel: (961-1) 962 900
E-mail: dgaye@worldbank.org E-mail: sjha1@worldbank.org
* Indonesia Web: http://www.worldbank.org/ke Web: http://www.worldbank.org/lb
Mr. Rodrigo A. Chaves
The World Bank Group Kiribati Lesotho
Indonesia Stock Exchange Building Ms. Akka Rimon Ms. Janet K. Entwistle
Tower 2, 12th Floor (WB) and 9th Floor (IFC) The World Bank - ADB Liaison Office The World Bank Country Office
Sudirman Central Business District (SCBD) Unit 5-6 (top floor) UN House, 13 United Nations Road
Jl. Jendral Sudirman Kav. 52-53 Taotin Plaza, Main Road Maseru, Lesotho
Jakarta 12190, Indonesia Bairiki, Tarawa, (postal address: P.O Box 015, Maseru West 105)
(postal address: P.O. Box 1324/JKT) Kiribati Tel: (266) 22 21 7000
Tel: (62-21) 5299-3000 Tel: (686) 22040 / 22041 Fax: (266) 22 21 7034
Fax: (62-21) 5299-3111 Email: arimon@worldbank.org E-mail: Jentwistle@worldbank.org
E-mail: RChaves@worldbank.org Web: http://www.worldbank.org/pacificislands Web: http://www.worldbank.org/lesotho
Web: http://www.worldbank.org/id
Korea Liberia
Iraq Mr. Hoon Sahib Soh Ms. Larisa Leshchenko
Ms. Yara Salem The World Bank The World Bank Group
The World Bank 37F, Boo Young Songdo Tower 2, German Embassy Compound
British Embassy Premises 241, Incheon tower-daero Oldest Congo Town
Baghdad, Iraq Yeonsu-gu, Incheon, Korea 406840 Monrovia, Liberia
(postal Address: Mailstop BGWWB Tel: (82)-32-713-7000 Tel: (231-886) 606-967 / 48
1818 H Street N.W. Washington DC, USA) Fax: (82) -32-713-7040. E-mail: Lleshchenko@worldbank.org
Tel: + 964-7901-833354 E-mail: hsoh@worldbank.org Web: http://www.worldbank.org/lr
E-mail: ysalem@worldbank.org Web: http://www.worldbank.org/korea
Web: http://www.worldbank.org/iq Macedonia, FYR
Kosovo Marco Mantovanelli
Jamaica Mr. Marco Mantovanelli The World Bank
Ms. Galina Sotirova The World Bank 34 Aminta Treti Street
The World Bank Group Rruga Prishtinë-Fushë Kosovë 1000 Skopje, FYR Macedonia
Courtleigh Corporate Centre, 3rd Floor 10060 Pristina, Republic of Kosovo Tel: (389-2) 5515 230; 3117-159
6 St. Lucia Avenue Tel. +381-38-224-454-1100 Fax:(389-2) 5515 240
Kingston 5, Jamaica Fax. +381-38-224-454-1334 Email: mmantovanelli@worldbank.org
Tel: (876) 960-0459 E-mail: mmantovanelli@worldbank.org Web: http://www.worldbank.org/mk
Fax: (876) 960-0463 Web: http://www.worldbank.org/kosovo
E-mail: gsotirova@worldbank.org Madagascar
Web: http://www.worldbank.org/jm Kuwait Ms. Coralie Gevers
(Currently vacant) The World Bank Group
* Jordan The World Bank Group Rue Andriamifidy L. Razafimanantsoa
Ms. Tania Meyer Al Shuhada Street. Al Hamra Business TowerFloor Anosy (près du Ministère des Affaires Etrangères)
The World Bank Group 32. Kuwait City, Kuwait Antananarivo 101, Madagascar
38, Ahmed Urabi Street (postal address: P.O. Box 1015, Safat: 13010) (postal address: B. P. 4140)
Shmeisani Tel: (965) 2205 9130 Tel: (261-20) 225 6000
11193, Amman, Jordan Fax: (965) 2205 9191 Fax: (261-20) 223 3338
P.O.Box 930375 Web: http://www.worldbank.org/mna E-mail: CGevers@worldbank.org
Tel: 962-6-567-8050 Web: http://www.worldbank.org/madagascar
Fax: 962-6-5678040 Kyrgyz Republic
Email: tmeyer@worldbank.org Ms. Bolormaa Amgaabazar Malawi
Web: http://www.worldbank.org/en/country/jordan The World Bank Group Ms. Greg Toulmin
214, Moskovskaya Str., The World Bank
* Kazakhstan Bishkek 720010, Kyrgyz Republic Mulanje House
Ms. Lilia Burunciuc Tel: (996-312) 62 52 62 Plot 13/57 Off Presidential Way, City Centre
The World Bank Group Fax: (996-312) 62 53 62 Lilongwe 3, Malawi
Central Asia Regional Office E-mail: bamgaabazar@worldbank.org (postal address: P.O. Box 30557)
41/A Kazybek bi Street, 4th Floor Web: http://www.worldbank.org/kg Tel: (265-1) 770 611
050010 Almaty, Republic of Kazakhstan Fax: (265-1) 771 158 / 773 908
Tel: (7-727) 377 - 8222 Lao People’s Democratic Republic E-mail: rtoulmin@worldbank.org
Fax: (7-727) 377 - 8276 Mr. Nicola Pontara Web: http://www.worldbank.org/mw
E-mail: Lburunciuc@worldbank.org The World Bank Group
Xieng Ngeun Village, Chao Fa Ngum Road Malaysia
Kazakhstan, Astana Vientiane, Lao PDR Mr. Firas Raad
Mr. Francis Ato Brown Tel: (856-21) 266200 The World Bank Group
The World Bank Astana Office Fax: (856-21) 266299 Knowledge and Research Hub
12 Samal Microdistrict, 14th Floor E-mail: npontara@worldbank.org Level 3, Sasana Kijang, No. 2 Jalan Dato Onn
010000 Astana, Republic of Kazakhstan Web: http://www.worldbank.org/lao 50480 Kuala Lumpur, Malaysia
Tel: (7-7172) 691-451 Tel: (603) 2263-4901
Fax: (7-7172) 580 –342 Fax: (603) 2263-4949
E-mail: fbrown@worldbank.org Email: fraad@worldbank.org
Website: www.worldbank.org/malaysia

_________________________________________
Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA)
offices. Updated as of August 21, 2018.
Offices of the World Bank

Maldives Montenegro * Nigeria

Ms. Idah Pswarayi-Riddihough (Sri Lanka) Ms. Tatiana A. Proskuryakova Mr. Rachid Benmessaoud
The World Bank The World Bank The World Bank
4th Floor, Hotel Jen (#404) Bulevar Svetog Petra Cetinjskog 6 102, Yakubu Gowon Crescent
Ameer Ahmed Magu 81000 Podgorica Opposite ECOWAS Secretariat
Male', Republic of Maldives Montenegro Asokoro District
Tel: (960) 300 5289 Tel: (382-20) 665 353 Abuja, Nigeria
E-Mail: Ipswarayiriddiho@worldbank.org Fax: (387-33) 403 295 (postal address: P.O. Box 2826, Garki)
Web: http://www.worldbank.org/maldives E-mail: Tproskuryakova@worldbank.org Tel: (234) 8058205408; 8058205422
Web: http://www.worldbank.org.me/ Tel : (234) 7035830641-44; 7089996090-1
* Mali Fax: (234-9) 314-526
Ms. Soukeyna Kane * Morocco E-mail: Rbenmessaoud@worldbank.org
Banque mondiale Ms. Marie Francoise Marie-Nelly Web: http://www.worldbank.org/ng
Immeuble Waly Diawara, The World Bank Group
Hamdallaye ACI – 2000 7, rue Larbi Ben Abdellah * Pakistan
Avenue du Mali Rabat-Souissi, Morocco Mr. Patchamuthu Illangovan
Bamako, Mali Tel: (212-537) 63.60.50 The World Bank Group
(postal address: B. P. 1864) Fax: (212-537) 63.60.51 20 A Shahrah-e-Jamhuriyat
Tel: (223) 20 70 22 00 E-mail: Mmarienelly@worldbank.org Sector G-5/1, Islamabad, Pakistan
E-mail: skane2@worldbank.org Web: http://www.worldbank.org/ma (WB postal address: P.O. Box 1025)
Web: http://www.worldbank.org/en/country/mali (IFC postal address: Post Bag 3033)
* Mozambique Tel: (92-51) 227 9641-6
Mauritania Mr. Mark R. Lundell Fax: (92-51) 227 9648 / 9
Mr. Laurent Msellati The World Bank Group E-mail: Pillangovan@worldbank.org
Banque Mondiale Avenue Kenneth Kaunda, 1224 Web: http://www.worldbank.org.pk
Villa No. 30, Lot A, Quartier Socogim, Boite Postale Maputo, Mozambique
667 (postal address: Caixa Postal 4053) Panama
Nouakchott, Mauritanie Tel: (258-21) 482 300 Mr. Abel Caamaño
Tel: (222) 45-24-11-01 Fax: (258-21) 492 893 The World Bank
Fax: (222) 25-13-34 E-mail: Mlundell@worldbank.org Avenida Aquilino De La Guardia y calle 47
E-mail: lmsellati@worldbank.org Web: http://www.worldbank.org/mz Marbella
Web: http://www.worldbank.org/mauritania Edificio Ocean Business Plaza
Myanmar Piso 21, Oficina 2111
Mauritius Ms. Ellen Goldstein Panamá City, Panamá
Mr. Alexis Sienaert The World Bank Group Tel: (507) 831-2000
The World Bank Liaison Office 221 Sule Pagoda Road Fax: (507) 831-2011
3rd Floor Médine Mews 21st Floor, Sule Square E-mail: acaamano@worldbank.org
Chaussée Street Kyauktada Township Web: http://www.worldbank.org/panama
Port-Louis, Mauritius Yangon, Myanmar
Tel: (230) 203 2500 Tel: (95-1) 925 5030 Papua New Guinea
Fax: (230) 208 0502 Fax: (95-1) 925 5031 Ms. Patricia Veevers-Carter
E-mail: asienaert@worldbank.org E-mail: egoldstein@worldbank.org The World Bank Group
Web: http://www.worldbank.org/mauritius Web: http://www.worldbank.org/myanmar Level 13, Deloitte Tower
Port Moresby, National Capital District
* Mexico Nepal Papua New Guinea
Mr. Pablo Saavedra Mr. Faris H. Hadad-Zervos (postal address: P.O. Box 1877)
Banco Mundial The World Bank Group Tel: (675) 321-7111
Insurgentes Sur 1605, Piso 24 Yak & Yeti Hotel Complex Fax: (675) 321-7730
San Jose Insurgentes Durbar Marg E-mail: pveeverscarter@worldbank.org
03900 Mexico, D. F., Mexico Kathmandu, Nepal Web: http://www.worldbank.org/png
Tel: (52-55) 5480-4200 (postal address: P.O. Box 798)
Fax: (52-55) 5480-4222 Tel: (977-1) 4236000 Paraguay
E-mail: psaavedra@worldbank.org Fax: (977-1) 4225112 Ms. Celia Ortega Sotes
Web: http://www.worldbank.org/mx E-mail: fhadadzervose@worldbank.org Banco Mundial
Web: http://www.worldbank.org/np Av. España 2028 c/ Av. Brasilia 5o. Piso
Moldova Edificio Urano
Ms. Anna Akhalkatsi Nicaragua Asunción, Paraguay
The World Bank Mr. Luis F. Constantino Tel: (595-21) 218-1000
20/1, Pushkin St. MD-2012 The World Bank Group Fax: (595-21) 218-1229
Chisinau, Republic of Moldova Plaza Santo Domingo E-mail: cortega@worldbank.org
Tel: (373-22) 262 245 Kilómetro 6.5 Carretera a Masaya Web: http://www.worldbank.org/py
Fax: (373-22) 262 236 Edificio Cobirsa, Quinto Piso
E-mail: aakhalkatsi@worldbank.org Managua, Nicaragua * Peru
Web: http://www.worldbank.org/md Tel: (505) 2270-0000 Mr. Alberto Rodriguez
Fax: (505) 2270-0077 The World Bank Group
Mongolia E-mail: Lconstantino@worldbank.org Av. Alvarez Calderón 185, Piso 7
Mr. Jean-Pascal Nganou (Acting) Web: http://www.worldbank.org/ni San Isidro
The World Bank Group Lima 27, Peru
MCS Plaza Building (WB 5th Floor/IFC 4th Floor) Niger Tel: (511) 622-2300
4 Seoul Street Ms. Joelle Dehasse Fax: (511) 421-7241
14250 Ulaanbaatar, Mongolia Banque mondiale E-mail: arodriguez@worldbank.org
Tel: (976) 7007-8200 187, rue des Dallols Web: http://www.worldbank.org/pe
Fax: (976) 7007-8215 B. P. 12402
E-mail: jnganou@worldbank.org Niamey, Niger
Web: http://www.worldbank.org/mn Tel: (227) 20 72 75 01
Fax: (227) 20 72 55 06
E-mail: Jdehasse@worldbank.org
Web: http://www.worldbank.org/en/country/niger

_________________________________________
Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA)
offices. Updated as of August 21, 2018.
Offices of the World Bank

* Philippines * Saudi Arabia * South Africa, Pretoria

Ms. Mara K. Warwick Mr. Issam Abousleiman Mr. Paul Noumba Um
The World Bank Group The World Bank Group The World Bank
26th Floor, One Global Place 1st Floor, UNDP Building, Diplomatic Quarter 442 Rodericks Road
5th Avenue corner 25th Street Riyadh, Saudi Arabia Corner Lynnwood and Rodericks Roads, 0081
Bonifacio Global City (postal address: P.O. Box 5900, Pretoria, South Africa
Taguig City, Philippines Riyadh 11432, Saudi Arabia) (postal address: P.O. Box 12629,
Tel: (63-2) 465-2500 Tel: (966-1) 483-4956 Hatfield 0028, Pretoria)
Fax: (63-2) 465-2505 Fax: (966-1) 488-5311 Tel: (27-12) 742 3100
E-mail: mwarwick@worldbank.org E-mail: iabousleiman@worldbank.org Fax: (27-12) 742 3134
Web: http://www.worldbank.org/ph Web: http://www.worldbank.org/sa E-mail: pnoumbaum@worldbank.org
Web: http://www.worldbank.org/za
Poland * Senegal
Mr. Carlos Piñerúa Ms. Louise J. Cord South Sudan, Juba
The World Bank Group Bureau de la Banque mondiale Mr. Sahr John Kpundeh
53, Emilii Plater St. Corniche Ouest X Rue Leon Gontran Damas The World Bank Group
Warsaw Financial Center, 9th Floor BP 3296 Ministries Complex
00-113 Warsaw, Poland Dakar, Senegal CPA Road, Adjacent to Ministry of Health
Tel: (48-22) 520 8000 Tel: (221) 33-859-4100 Juba, South Sudan
Fax: (48-22) 520 8001 Fax: (221) 33-859-4283 Tel: (+211)922206642/43/44
E-mail: cpinerua@worldbank.org E-mail: Lcord@worldbank.org E-mail: Skpundeh1@worldbank.org
Web: http:/www.worldbank.org/pl/ Web: http://www.worldbank.org/senegal Web: http://www.worldbank.org/southsudan

Romania Serbia, Republic of * Sri Lanka

Ms. Tatiana Proskuryakova Mr. Stephen Ndegwa Ms. Idah Pswarayi-Riddihough
The World Bank Group The World Bank Group The World Bank
UTI Building, 6th floor 86 Bulevar Kralja Aleksandra Street 1st Floor, DFCC Building, 73/5, Galle Road
31 Vasile Lascar Street, Sector 2 11000 Belgrade Colombo 3, Sri Lanka
Bucharest, Romania 020492 Tel +381 11 3023 700 (postal address: P.O. Box 1761)
Tel: (40-21) 201-0311 E-mail sndegva@worldbank.org Tel: (94-11) 2448070/1
Fax: (40-21) 201-0338 Web: http://www.worldbank.rs Fax: (94-11) 2440357
E-mail: tproskuryakova@worldbank.org E-Mail: Ipswarayiriddiho@worldbank.org
Web: http://www.worldbank.org/romania Sierra Leone Web: http://www.worldbank.org/srilanka
Mr. Parminder P. S. Brar
* Russian Federation The World Bank Group Sudan, Khartoum
Mr. Andras Horvai 17 Spur Road Mr. Adama Coulibaly
The World Bank Group Freetown, Sierra Leone The World Bank
36/1 Bolshaya Molchanovka st., Tel: (232-22) 227555 Plot 39, Street 39, Khartoum East (II)
121069 Moscow, Russia Tel: (232-76) 806467, 806468 Khartoum, Sudan
Tel: (7-495) 745-70-00 Fax: (232-22) 228555 (postal address: P.O. 229, 11111)
Fax: (7-495) 745-70-02 E-mail: pbrar@worldbank.org Tel: (249) 156 553 000
E-mail: Ahorvai@worldbank.org Web: http://www.worldbank.org/sl Fax: (249)156 553 064
Web: http://www.worldbank.org/ru E-mail: acoulibaly2@worldbank.org
* Singapore Web: http://www.worldbank.org/sd
Rwanda Ms. Jyoti Shukla
Mr. Yasser Aabdel-Aleem Awny El-Gammal The World Bank Group Tajikistan
The World Bank Group Marina Bay Financial Centre, Tower 2, #12-01 Mr. Jan-Peter Olters
Blvd. de la Révolution 10 Marina Boulevard The World Bank Group
SORAS Building Singapore 018983 48, Ayni Str.
Kigali, Rwanda Tel: (65) 6517-1240 Business Center "Sozidanie", block A,
(postal address: P.O. Box 609) Fax: (65) 6517 1244 3rd Floor
Tel: (250) 252 591 300 E-mail: jshukla@worldbank.org 734024, Dushanbe, Tajikistan
Fax: (250) 252 591 385 Web: http://www.worldbank.org/sg Tel: (992-48) 701 58 00/10
E-mail: yelgammal@worldbank.org Fax: (992-48) 701 58 37
Web: http://www.worldbank.org/rwanda Solomon Islands E-mail: jolters@worldbank.org
Mr. Guido Rurangwa Web: http://www.worldbank.org/tajikistan
Samoa
The World Bank Group
Ms. Maeva Betham-Va’ai
1st Floor Heritage Park Commercial Building * Tanzania
The World Bank Group
Mendana Avenue Ms. Bella Bird
Level 7, Central Bank Building
Honiara, Solomon Islands The World Bank
Beach Road
(postal address: GPO Box 1744) 50 Mirambo Street
Apia, Samoa
Tel: (677) 21444 Dar-es-Salaam, Tanzania
(postal address: PO Box 3999)
Fax: (677) 21448 (postal address: P.O. Box 2054)
Tel: (685) 24492 / 24732
E-mail: grurangwa@worldbank.org Tel: (255-22) 2163200
E-mail: mvaai@worldbank.org
Web: http://www.worldbank.org/pacificislands Fax: (255-22) 2113039, 2163295
Web: http://www.worldbank.org/pacificislands
E-mail: bbird@worldbank.org
São Tomé e Príncipe Somalia Web: www.worldbank.org/tanzania
Mr. Oliver Lambert Mr. Hugh Riddell
Banco Mundial World Bank Liaison Office * Thailand
Avenida das Nações Unidas c/o The World Bank Group Ms. Georgia A. Wallen (Acting)
Prédio das Nações Unidas Delta Center, Menengai Road, Upper Hill The World Bank
C.P. 109 Nairobi, Kenya 30th Floor, Siam Tower
São Tomé, São Tomé e Príncipe (Postal Address: P.O. Box 30577-00100) 989 Rama 1 Road, Pathumwan
Tel: (239) 222-1122 / 1123 Tel: (254-20) 293-6061 Bangkok 10330, Thailand
E-mail: olambert@worldbank.org Fax: (254-20) 322 6382 Tel: (66-2) 686-8300
Web: http://worldbank.org/saotome Fax: (66-2) 686-8301
E-mail: gwallen@worldbank.org
Web: http://www.worldbank.org/thailand

_________________________________________
Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA)
offices. Updated as of August 21, 2018.
Offices of the World Bank

Timor-Leste * Ukraine Zambia

Mr. Macmillan Ikemefule Anyanwu Ms. Satu Kristiina J. Kahkonen Ms. Ina-Marlene E. Ruthenberg
The World Bank Group The World Bank The World Bank
Avenida dos Direitos Humanos 1, Dniprovsky Uzviz BancABC House
Dili, Timor-Leste Kyiv 01010, Ukraine Plot #746 Church Road
Tel: (670) 332-4649 / 332-4648 Tel: (380-44) 490 6671 P.O. Box 35410
Fax: (670) 332-1178 Fax: (380-44) 490 6670 Lusaka, Zambia
E-mail: manyanwu@worldbank.org E-mail: skahkonen@worldbank.org Tel: (260-21) 137-3200
Web: http://www.worldbank.org/tl Web: http://www.worldbank.org/ua Fax: (260-21) 137-3248
E-mail: iruthenberg@worldbank.org
Togo Uruguay Web: http://www.worldbank.org/zm
Ms. Hawa Cisse Wague Ms. Matilde Bordon
Banque Mondiale The World Bank Zimbabwe
Cité de l'OUA Buenos Aires 570, 3rd Floor Ms. Rosemary Mukami Kariuki
(entre la Résidence Ambassadeur du Ghana et la CP11000, Montevideo, Uruguay The World Bank
Primature) Tel: (598) 2916-9400 Block 3, Arundel Business Park
Lomé, Togo Fax: (598) 2916-9400 ext. 3701 107 Norfolk Road, Mount Pleasant
(postal address: Boite Postale 3915) E-mail: mbordon@worldbank.org Harare, Zimbabwe
Tel: 22 53 67 00 Web: http://www.worldbank.org/uy (postal address: P.O. Box 2960)
E-mail: hwaguecisse@worldbank.org Tel: (263-242) 7633-3200
Web: http://www.worldbank.org/tg Uzbekistan Fax: (263-242) 7633-3265
Mr. Hideki Mori E-mail: rkariuki@worldbank.org
Tonga The World Bank Group Web: http://www.worldbank.org.zw/
Mr. Tatafu Moeaki International Business Center, 15th floor
The World Bank – ADB Liaison Office 107 B, Amir Timur Street
Level 1 Royco Building Tashkent 100084, Uzbekistan
Fatafehi Road, Nuku'alofa, Tonga Tel: (998-71) 120 2400
(postal address: P.O. Box 87) Fax: (998-71) 120 2401/02
Tel: (676) 28 290 E-mail: hmori@worldbank.org
Fax: (676) 28 735 Web: http://www.worldbank.org/uz
Email : tmoeaki@adb.org
Web: http://www.worldbank.org/pacificislands Vanuatu
Ms. Leisande Otto
Tunisia The World Bank Group
Mr. Antonius Verheijen Level 5, Reserve Bank of Vanuatu Building
Bureau de la Banque mondiale Rue Emile Mercet
Immeuble Zahrabed -- BAD Port Vila, Vanuatu
Jardins du Lac - Tunis (postal address: P.O. Box 3221)
BP 323 Tel: (678) 25581
1002 Tunis Belvédère, Tunisia Fax: (678) 22636
Tel: (216-71) 19 44 68 E-mail: lotto@worldbank.org
Fax: (216-71) 19 44 75 Web: http://www.worldbank.org/pacificislands
E-mail: averheijen@worldbank.org
Web: http://www.worldbank.org/tn * Vietnam
Mr. Ousmane Dione
* Turkey The World Bank
Mr. Johannes C.M. Zutt 63 Ly Thai To, 2nd Floor
The World Bank Hoan Kiem District
Ugur Mumcu Caddesi No.88, Kat: 2 Hanoi, Vietnam
06700 Gaziosmanpasa Tel: (84-4) 3934-6600
Ankara, Turkey Fax: (84-4) 3935-0752 / 3
Tel: (90-312) 459 83 00 E-mail: odione@worldbank.org
Fax: (90-312) 446 24 42 Web: http://www.worldbank.org/vietnam
E-mail: jzutt@worldbank.org
Web: http://www.worldbank.org/tr * West Bank and Gaza
Ms. Marina Wes
Turkmenistan The World Bank Group
Mr. Jan-Peter Olters P.O. Box.54842
The World Bank Liaison Office Jerusalem, 97200
Yimpash Business Center, Office 803, Tel: (972-2) 236 6500
Turkmenbashi Avenue, 54 Fax: (972-2) 236 6543
Ashgabat 744000, Turkmenistan Gaza Tel: (972-8) 282 3422
Tel: (993-12) 45 14 75 Gaza Fax: (972-8) 282 4296
E-mail: jolters@worldbank.org E-mail: mwes@worldbank.org
Web: http://www.worldbank.org/tm Web: http://www.worldbank.org/ps

Uganda Yemen, Republic of

Ms. Christina Malmberg Calvo Ms. Raja Bentaouet Kattan
The World Bank Group The World Bank Group
Plot 1, Lumumba Avenue Faj Attan, off Beirut Street
Rwenzori House, 4th Floor Sana'a, Republic of Yemen
Kampala, Uganda (postal address: P.O. Box 18152)
(postal address: P.O. Box 4463) Egypt CO office : 2005C Corniche El Nil St., The
Tel: (256-414) 230-094 North Tower in Nile City, 8th Floor, Cairo, Egypt
Tel: (256-312) 221-416 / 7 Tel: (967-1) 413 708 / 413 710
Fax: (256-414) 230-092 Fax: (967-1) 413 709
E-mail: cmalmbergcalvo@worldbank.org E-mail: rbkattan@worldbank.org
Web: http://www.worldbank.org/uganda

_________________________________________
Note: * = Directors/Country Directors are in the country office. Addresses that begin with ‘The World Bank Group’ indicate the joint location of IFC and World Bank (IBRD/IDA)
offices. Updated as of August 21, 2018.
International Bank for Reconstruction and Development Membership | June 30, 2018

Member Date of membership

Afghanistan July 14, 1955

Albania October 15, 1991
Algeria September 26, 1963
Angola September 19, 1989
Antigua and Barbuda September 22, 1983
Argentina September 20, 1956
Armenia September 16, 1992
Australia August 5, 1947
Austria August 27, 1948
Azerbaijan September 18, 1992
Bahamas, The August 21, 1973
Bahrain September 15, 1972
Bangladesh August 17, 1972
Barbados September 12, 1974
Belarus July 10, 1992
Belgium December 27, 1945
Belize March 19, 1982
Benin July 10, 1963
Bhutan September 28, 1981
Bolivia December 27, 1945
Bosnia and Herzegovina February 25, 1993
Botswana July 24, 1968
Brazil January 14, 1946
Brunei Darussalam October 10, 1995
Bulgaria September 25, 1990
Burkina Faso May 2, 1963
Burundi September 28, 1963
Cabo Verde November 20, 1978
Cambodia July 22, 1970
Cameroon July 10, 1963
Canada December 27, 1945
Central African Republic July 10, 1963
Chad July 10, 1963
Chile December 31, 1945
China December 27, 1945
Colombia December 24, 1946
Comoros October 28, 1976
Congo, Dem. Rep. September 28, 1963
Congo, Rep. July 10, 1963
Costa Rica January 8, 1946
Côte d'Ivoire March 11, 1963
International Bank for Reconstruction and Development Membership | June 30, 2018

Member Date of membership

Croatia February 25, 1993

Cyprus December 21, 1961
Czech Republic January 1, 1993
Denmark March 30, 1946
Djibouti October 1, 1980
Dominica September 29, 1980
Dominican Republic September 18, 1961
Ecuador December 28, 1945
Egypt, Arab Rep. December 27, 1945
El Salvador March 14, 1946
Equatorial Guinea July 1, 1970
Eritrea July 6, 1994
Estonia June 23, 1992
Eswatinia September 22, 1969
Ethiopia December 27, 1945
Fiji May 28, 1971
Finland January 14, 1948
France December 27, 1945
Gabon September 10, 1963
Gambia, The October 18, 1967
Georgia August 7, 1992
Germany August 14, 1952
Ghana September 20, 1957
Greece December 27, 1945
Grenada August 27, 1975
Guatemala December 28, 1945
Guinea September 28, 1963
Guinea-Bissau March 24, 1977
Guyana September 26, 1966
Haiti September 8, 1953
Honduras December 27, 1945
Hungary July 7, 1982
Iceland December 27, 1945
India December 27, 1945
Indonesia April 13, 1967
Iran, Islamic Rep. December 29, 1945
Iraq December 27, 1945
Ireland August 8, 1957
Israel July 12, 1954
Italy March 27, 1947
Jamaica February 21, 1963
International Bank for Reconstruction and Development Membership | June 30, 2018

Member Date of membership

Japan August 13, 1952

Jordan August 29, 1952
Kazakhstan July 23, 1992
Kenya February 3, 1964
Kiribati September 29, 1986
Korea, Rep. August 26, 1955
Kosovo June 29, 2009
Kuwait September 13, 1962
Kyrgyz Republic September 18, 1992
Lao PDR July 5, 1961
Latvia August 11, 1992
Lebanon April 14, 1947
Lesotho July 25, 1968
Liberia March 28, 1962
Libya September 17, 1958
Lithuania July 6, 1992
Luxembourg December 27, 1945
Macedonia, FYR February 25, 1993
Madagascar September 25, 1963
Malawi July 19, 1965
Malaysia March 7, 1958
Maldives January 13, 1978
Mali September 27, 1963
Malta September 26, 1983
Marshall Islands May 21, 1992
Mauritania September 10, 1963
Mauritius September 23, 1968
Mexico December 31, 1945
Micronesia, Fed. Sts. June 24, 1993
Moldova August 12, 1992
Mongolia February 14, 1991
Montenegro January 18, 2007
Morocco April 25, 1958
Mozambique September 24, 1984
Myanmar January 3, 1952
Namibia September 25, 1990
Nauru April 12, 2016
Nepal September 6, 1961
Netherlands December 27, 1945
New Zealand August 31, 1961
Nicaragua March 14, 1946
International Bank for Reconstruction and Development Membership | June 30, 2018

Member Date of membership

Niger April 24, 1963

Nigeria March 30, 1961
Norway December 27, 1945
Oman December 23, 1971
Pakistan July 11, 1950
Palau December 16, 1997
Panama March 14, 1946
Papua New Guinea October 9, 1975
Paraguay December 28, 1945
Peru December 31, 1945
Philippines December 27, 1945
Poland June 27, 1986
Portugal March 29, 1961
Qatar September 25, 1972
Romania December 15, 1972
Russian Federation June 16, 1992
Rwanda September 30, 1963
Samoa June 28, 1974
San Marino September 21, 2000
São Tomé and Príncipe September 30, 1977
Saudi Arabia August 26, 1957
Senegal August 31, 1962
Serbia February 25, 1993
Seychelles September 29, 1980
Sierra Leone September 10, 1962
Singapore August 3, 1966
Slovak Republic January 1, 1993
Slovenia February 25, 1993
Solomon Islands September 22, 1978
Somalia August 31, 1962
South Africa December 27, 1945
South Sudan April 18, 2012
Spain September 15, 1958
Sri Lanka August 29, 1950
St. Kitts and Nevis August 15, 1984
St. Lucia June 27, 1980
St. Vincent and the Grenadines August 31, 1982
Sudan September 5, 1957
Suriname June 27, 1978
Sweden August 31, 1951
Switzerland May 29, 1992
International Bank for Reconstruction and Development Membership | June 30, 2018

Member Date of membership

Syrian Arab Republic November 2, 1961

Tajikistan June 4, 1993
Tanzania September 10, 1962
Thailand May 3, 1949
Timor-Leste July 23, 2002
Togo August 1, 1962
Tonga September 13, 1985
Trinidad and Tobago September 16, 1963
Tunisia April 14, 1958
Turkey March 11, 1947
Turkmenistan September 22, 1992
Tuvalu June 24, 2010
Uganda September 27, 1963
Ukraine September 3, 1992
United Arab Emirates September 22, 1972
United Kingdom December 27, 1945
United States December 27, 1945
Uruguay March 11, 1946
Uzbekistan September 21, 1992
Vanuatu September 28, 1981
Venezuela, RB December 30, 1946
Vietnam September 21, 1956
Yemen, Rep. October 3, 1969
Zambia September 23, 1965
Zimbabwe September 29, 1980

Total members: 189

a. The World Bank Group was notified on July 24, 2018, that the official name of the country was changed from the Kingdom of Swaziland
to the Kingdom of Eswatini.
International Development Association Membership | June 30, 2018

Member Date of membership

Afghanistan February 2, 1961

Albania October 15, 1991
Algeria September 26, 1963
Angola September 19, 1989
Argentina August 3, 1962
Armenia August 25, 1993
Australia September 24, 1960
Austria June 28, 1961
Azerbaijan March 31, 1995
Bahamas, The June 23, 2008
Bangladesh August 17, 1972
Barbados September 29, 1999
Belgium July 2, 1964
Belize March 19, 1982
Benin September 16, 1963
Bhutan September 28, 1981
Bolivia June 21, 1961
Bosnia and Herzegovina February 25, 1993
Botswana July 24, 1968
Brazil March 15, 1963
Burkina Faso May 13, 1963
Burundi September 28, 1963
Cabo Verde November 20, 1978
Cambodia July 22, 1970
Cameroon April 10, 1964
Canada September 24, 1960
Central African Republic August 27, 1963
Chad November 7, 1963
Chile December 30, 1960
China September 24, 1960
Colombia June 16, 1961
Comoros December 9, 1977
Congo, Dem. Rep. September 28, 1963
Congo, Rep. November 8, 1963
Costa Rica June 30, 1961
Côte d'Ivoire March 11, 1963
Croatia February 25, 1993
Cyprus March 2, 1962
Czech Republic January 1, 1993
Denmark November 30, 1960
Djibouti October 2, 1980
International Development Association Membership | June 30, 2018

Member Date of membership

Dominica September 29, 1980

Dominican Republic November 16, 1962
Ecuador November 7, 1961
Egypt, Arab Rep. October 26, 1960
El Salvador April 23, 1962
Equatorial Guinea April 5, 1972
Eritrea July 6, 1994
Estonia October 11, 2008
Eswatinia September 22, 1969
Ethiopia April 11, 1961
Fiji September 29, 1972
Finland December 29, 1960
France December 30, 1960
Gabon November 4, 1963
Gambia, The October 18, 1967
Georgia August 31, 1993
Germany September 24, 1960
Ghana December 29, 1960
Greece January 9, 1962
Grenada August 28, 1975
Guatemala April 27, 1961
Guinea September 26, 1969
Guinea-Bissau March 25, 1977
Guyana January 4, 1967
Haiti June 13, 1961
Honduras December 23, 1960
Hungary April 29, 1985
Iceland May 19, 1961
India September 24, 1960
Indonesia August 20, 1968
Iran, Islamic Rep. October 10, 1960
Iraq December 29, 1960
Ireland December 22, 1960
Israel December 22, 1960
Italy September 24, 1960
Japan December 27, 1960
Jordan October 4, 1960
Kazakhstan July 23, 1992
Kenya February 3, 1964
Kiribati October 2, 1986
Korea, Rep. May 18, 1961
International Development Association Membership | June 30, 2018

Member Date of membership

Kosovo June 29, 2009

Kuwait September 13, 1962
Kyrgyz Republic September 24, 1992
Lao PDR October 28, 1963
Latvia August 11, 1992
Lebanon April 10, 1962
Lesotho September 19, 1968
Liberia March 28, 1962
Libya August 1, 1961
Lithuania September 23, 2011
Luxembourg June 4, 1964
Macedonia, FYR February 25, 1993
Madagascar September 25, 1963
Malawi July 19, 1965
Malaysia September 24, 1960
Maldives January 13, 1978
Mali September 27, 1963
Marshall Islands January 19, 1993
Mauritania September 10, 1963
Mauritius September 23, 1968
Mexico April 24, 1961
Micronesia, Fed. Sts. June 24, 1993
Moldova June 14, 1994
Mongolia February 14, 1991
Montenegro January 18, 2007
Morocco December 29, 1960
Mozambique September 24, 1984
Myanmar November 5, 1962
Nepal March 6, 1963
Netherlands June 30, 1961
New Zealand October 1, 1974
Nicaragua December 30, 1960
Niger April 24, 1963
Nigeria November 14, 1961
Norway September 24, 1960
Oman February 20, 1973
Pakistan September 24, 1960
Palau December 16, 1997
Panama September 1, 1961
Papua New Guinea October 9, 1975
Paraguay February 10, 1961
International Development Association Membership | June 30, 2018

Member Date of membership

Peru August 30, 1961

Philippines October 28, 1960
Poland June 28, 1988
Portugal December 29, 1992
Romania April 12, 2014
Russian Federation June 16, 1992
Rwanda September 30, 1963
Samoa June 28, 1974
São Tomé and Príncipe September 30, 1977
Saudi Arabia December 30, 1960
Senegal August 31, 1962
Serbia February 25, 1993
Sierra Leone November 13, 1962
Singapore September 27, 2002
Slovak Republic January 1, 1993
Slovenia February 25, 1993
Solomon Islands July 21, 1980
Somalia August 31, 1962
South Africa October 12, 1960
South Sudan April 18, 2012
Spain October 18, 1960
Sri Lanka June 27, 1961
St. Kitts and Nevis October 23, 1987
St. Lucia April 28, 1982
St. Vincent and the Grenadines August 31, 1982
Sudan September 24, 1960
Sweden September 24, 1960
Switzerland May 29, 1992
Syrian Arab Republic June 28, 1962
Tajikistan June 4, 1993
Tanzania November 6, 1962
Thailand September 24, 1960
Timor-Leste July 23, 2002
Togo August 21, 1962
Tonga October 23, 1985
Trinidad and Tobago October 30, 1972
Tunisia December 30, 1960
Turkey December 22, 1960
Tuvalu June 24, 2010
Uganda September 27, 1963
Ukraine May 27, 2004
International Development Association Membership | June 30, 2018

Member Date of membership

United Arab Emirates December 23, 1981

United Kingdom September 24, 1960
United States September 24, 1960
Uzbekistan September 24, 1992
Vanuatu September 28, 1981
Vietnam September 24, 1960
Yemen, Rep. May 22, 1970
Zambia September 23, 1965
Zimbabwe September 29, 1980

Total members: 173

a. The World Bank Group was notified on July 24, 2018, that the official name of the country was changed from the Kingdom of Swaziland
to the Kingdom of Eswatini.
Country Eligibility for Borrowing from the World Bank | June 30, 2018
U.S. dollars

A. IBRD onlya

Category iv (per capita income over $6,895)

Trinidad and Tobago 16,240 Malaysia 9,850
St. Kitts and Nevis 15,860 Mauritius 9,760
Seychelles 15,410 Russian Federationf 9,720
Uruguay 15,230 Romania 9,470
Chile 13,530 Mexico 9,040
Antigua and Barbuda 13,390 Brazil 8,840
Poland 12,700 Kazakhstan 8,710
Palau 12,450 China 8,260
Panama 12,140 Lebanong 7,680
Croatia 12,110 Bulgaria 7,470
Argentina 11,960 Gabon 7,210
Turkey 11,180 Suriname 7,070
Costa Rica 10,840 Montenegro 6,970
Naurug 10,750

Category iii ($1,165–$6,895)

Turkmenistan 6,670 Paraguay 4,070
Botswana 6,610 El Salvador 3,920
Equatorial Guinea 6,550 Jordang 3,920
Dominican Republic 6,390 Georgia 3,810
Colombia 6,320 Guatemala 3,790
Peru 5,950 Sri Lankae 3,780
Ecuador 5,820 Armenia 3,760
Belarus 5,600 Tunisia 3,690
Thailand 5,580 Philippines 3,580
South Africa 5,480 Egypt, Arab Rep. 3,460
Iraqg 5,430 Angola 3,440
Serbia 5,280 Indonesia 3,400
Macedonia, FYR 4,980 Boliviae 3,070
Bosnia and Herzegovina 4,890 Eswatini 2,860
Fiji 4,840 Morocco 2,850
Azerbaijan 4,760 Ukrainef 2,310
Jamaica 4,660 Vietname 2,050
Namibia 4,620 India 1,660
Belize 4,410 Iran, Islamic Rep. n.a.
Algeria 4,270 Libya n.a.
Albania 4,250 Venezuela, RB n.a.
B. Blendb

Category iv (per capita income over $6,895)

Grenadad 8,830 St. Luciad 7,670

Category iii ($1,165 - $6,895)

St. Vincent and the Grenadinesd 6,790 Congo, Rep. 1,710
Dominicad 6,750 Pakistan 1,510
Mongolia 3,550 Kenya 1,380
Cabo Verded 2,970 Cameroon 1,200
Nigeria 2,450 Papua New Guinea n.a.
Uzbekistan 2,220 Timor-Lesteh n.a.
Moldova 2,120

Category i ($1,005 or less)

Zimbabwe 3 940

C. IDAb

Category iii ($1,165 - $6,895)

Maldivesd 7,430 Sudanc 2,140
Tuvalud 5,090 Nicaragua 2,050
Marshall Islandsd 4,450 Solomon Islandsd 1,880
Guyanah 4,250 São Tomé and Prínciped 1,730
Samoad 4,100 Côte d’Ivoire 1,520
Tongad 4,020 Ghana 1,380
Kosovo, Republic of 3,850 Bangladesh 1,330
Micronesia, Fed. Sts.d 3,680 Zambia 1,300
Bhutanh 2,510 Lesotho 1,190
Kiribatid 2,380 Djiboutih n.a.
Honduras 2,150 Myanmar n.a.
Lao PDR 2,150 Vanuatud n.a.

Category ii ($1,165 or less)

Cambodia 1,140 Kyrgyz Republic 1,100
Mauritania 1,120 Yemen, Rep. 1,040
Tajikistan 1,110 Syrian Arab Republic c,g n.a.
 Category i ($1,005 or less)
Senegal 950 Guinea 490
Tanzania 900 Sierra Leone 490
Benin 820 Mozambique 470
Haiti 780 Gambia, The 440
Comorosi 760 Congo, Dem. Rep. 420
Mali 750 Madagascar 400
Nepal 730 Central African Republic 380
Chad 720 Liberia 380
Rwanda 700 Niger 370
Ethiopia 660 Malawi 320
Uganda 660 Burundi 280
Burkina Faso 640 Eritreac n.a.
Guinea-Bissau 620 Somaliac n.a.
Afghanistan 580 South Sudan n.a.
Togo 540

Note: n.a. = not applicable—estimates are available in ranges only.

Changes during current fiscal year

1. Bolivia, Sri Lanka, and Vietnam changed from a Blend to IBRD borrower status, effective July 1, 2017.
2. Kenya changed from IDA-only to Blend borrower status, effective July 1, 2017.
3. Bhutan, Djibouti, Guyana, and Timor-Leste are classified as small state economies, effective July 1, 2017.

Changes during previous fiscal year

1. Solomon Islands was granted the Small Island Exception, effective in FY17, as it meets the criteria established by the 1985
decision for granting exceptions to small island countries, which is discussed in Board document IDA/R85-134, “Terms of
Lending to Small Island Economies Graduating from IDA”.
2. Syrian Arab Republic was reclassified from IBRD to IDA-only, effective September 29, 2016.

a. World Bank Atlas methodology; 2016 per capita GNI (Gross National Income, formerly GNP) figures are in US dollars.
b. Countries are eligible for IDA on the basis of (a) relative poverty and (b) lack of creditworthiness. The operational cutoff for
IDA eligibility for FY18 is a 2016 GNI per capita of $1,165, using Atlas methodology. To receive IDA resources, countries
must also meet tests of performance. An exception has been made for some Small Island Economies. In exceptional
circumstances, IDA extends eligibility temporarily to countries that are above the operational cutoff.
c. Loans/credits in nonaccrual status as of July 1, 2017. General information on IBRD and IDA countries with loan/credits in
nonaccrual status is available from the IBRD Credit Risk (CROCR) and IDA Resource Mobilization (DFIRM) Departments,
respectively.
d. The country represents a Small Island Economies Exception and receives financing on IDA Small Economy Terms.
e. During IDA18 Bolivia, Sri Lanka, and Vietnam receive exceptional transitional support from IDA.
f. These calculations are based on numbers and data from official statistics of Ukraine and the Russian Federation; by relying
on those numbers and data, the Bank does not intend to make any judgment on the legal or other status of the territories
concerned or to prejudice the final determination of the parties' claims.
g. From FY17, refugees are included in the population estimates of host country.
h. The country represents Small State Economy, with a population of 1.5 million people or less. IDA Financing is on Small
Economy Terms, effective July 1, 2017.
i. IDA-only country that is also a Small Island Economy, therefore receives IDA Financing on Small Economy Terms.
World Bank Expenditures by Organizational Unit l Fiscal 2014–18
millions of dollars
Actuals a
By organizational unit 2014 2015 2016 2017 2018 b

Operational units 1,482.0 1,416.1 1,358.4 1,419.0 1,651.5

of which Regional Programs n.a. 393.2 369.9 390.5 442.8
Global Practices and Global Themes n.a. 1,022.8 988.4 1,028.5 1,208.6

Institutional services c 440.6 461.4 457.4 434.0 500.0

d
Governance services 190.2 181.6 190.7 194.9 215.5
e
Administrative services 473.8 534.1 536.7 543.8 587.1
f
Centrally-managed accounts and programs 300.1 330.8 353.2 344.4 75.1
Grant-making facilities 159.8 109.2 66.4 44.6 35.0
Total gross administrative budget 3,046.6 3,033.2 2,962.7 2,980.7 3,064.1
Reimbursements, fees, others (489.3) (507.2) (492.9) (484.9) (536.2)
Total administrative budget 2,557.3 2,526.0 2,469.8 2,495.8 2,527.9

Note: n.a. = not applicable.

a. The figures reported for each fiscal year represent the organizational unit structure at the end of that fiscal year and may not always match the figures published in previous
reports due to organizational changes and unit re-configurations. Additionally, these figures represent actuals as per management accounting, and may differ from figures
presented for financial accounting and reporting purposes that are in compliance with the United States' Generally Accepted Accounting Principles.
b. Beginning in fiscal 2018, the budget and related expenditures related to changes in the non-salary staff costs recovery rate charged to units were moved from centrally-
managed accounts to corresponding organizational units. This contributed to the decrease in centrally-managed accounts and programs in fiscal 2018 and corresponding
increases in other units. The changes entailed increasing the non-salary staff costs recovery rate for Headquarters-appointed staff from 50 percent to 70 percent and introducing a
recovery rate of 45 percent for country office–appointed staff so as to more accurately reflect unit and product costs.
c. Includes institutional services units such as: Budget, Performance, and Strategy; Chief Risk Officer; Development Economics; Development Finance; External and Corporate
Relations; Legal; Operations Policy and Country Services; Treasury; and World Bank Group Finance and Accounting.
d. Includes governance services units such as: the Board; Corporate Secretariat; Independent Evaluation Group; Institutional Integrity; Internal Audit; the Offices of the President,
Chief Executive Officer, and Managing Directors; and Internal Justice Services (including Conflict Resolution System, Administrative Tribunal, Office of Ethics and Business
Conduct, Office of Evaluation and Suspension, and Sanctions Board Secretariat).
e. Includes the following administrative service units: General Services Department, Human Resources, and Information and Technology Solutions.
f. Includes non-unit accounts and programs that are centrally managed such as Staff Separation funds, Budget Recoveries, Depreciation, Overhead and Benefits, Institutional
Programs, Headquarters Real Estate, Corporate Contingency, Expenditure Review–related programs, and Budget Returns.
Contributions: Top-10 Trust Fund Donors | Fiscal 2018
millions of dollars

Donor 2018 2017

The Global Fund to Fight AIDS, Tuberculosis and Malaria Secretariat 2,135 970
United Kingdom 883 2,276
France 761 432
United States 693 2,133
Germany 667 688
European Commission (European Union) 568 539
Japan 528 470
Norway 525 464
Sweden 445 551
Netherlands 411 313
Others 2,208 3,288

Total 9,824 12,123

Note: Contributions to the International Centre for Settlement of Investment Disputes escrow accounts are excluded. Comparative
figures for fiscal 2017 are provided for the top-10 donors for fiscal 2018. Previous-year figures have been reclassified where
necessary.
│
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 Khalid Alkhudairy Turki Dhaifallah Almutairi
Jason Allford Hoe Jeong Kim
Seydou Bouda Jean-Claude Tchatchouang
Omar Bougara Shahid Ashraf Tarar
Andrew Bvumbe Anne Kabagambe
Otaviano Canuto Diana Quintero
Hervé de Villeroché Benoit Paul Eleuthere Catzaras
Franciscus Godts Guenther Schoenleitner
Werner Gruber Katarzyna Zajdel-Kurowska
Andin Hadiyanto Mastura Abdul Karim
Merza Hasan Ragui El-Etreby
Frank Heemskerk Roman Kachur
Christine Hogan Peteranne Tamara Donaldson
Fernando Jimenez Latorre Rodrigo Carriedo Haro
Kazuhiko Koguchi Kenichi Nishikata
Patience Bongiwe Kunene Haruna Mohammed
Andrei Lushin Eugene B. Miagkov
Patrizio Pagano Paulo Pedroso
Melanie Robinson David Stephen Kinder
Aparna Subramani Muhammad Musharraf Hossain Bhuiyan
Maximo Torero Daniel Pierini
Susan Anette Ulbaek (Vacant)
Yingming Yang Minwen Zhang
Juergen Zattler Claus Michael Happe
(Vacant) Erik Paul Bethel

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GRI INDEX 2018
GRI INDEX 2018
T his 2018 World Bank GRI Index is an inven-
tory of the sustainability considerations
utilized in the World Bank’s lending and ana-
lytical services, as well as within its corpo-
rate practices. This index of sustainability
disclosures has been prepared in accordance
with the GRI Standards: Core option (https://
www.globalreporting.org). The GRI Index
covers activities from fiscal year 2018, July 1,
2017, through June 30, 2018.
ABOUT THE WORLD BANK
The World Bank Group (WBG) plays a key role
in the global effort to end extreme poverty
and boost shared prosperity. It consists of five
institutions: the World Bank, which includes
the International Bank for Reconstruction
and Development (IBRD) and the International
Development Association (IDA); the Interna-
tional Finance Corporation (IFC); the Multi-
lateral Investment Guarantee Agency (MIGA);
and the International Centre for Settlement of
Investment Disputes (ICSID). Working together
in over 130 countries, these institutions provide
financing, technical advice, and other solutions
that enable countries to address the most
urgent development challenges.
The GRI Index communicates the activities
of the World Bank. Except for their member
countries’ eligibility for support and terms of
lending, IBRD and IDA are tightly integrated
and work as a single unit. Certain practices and
projects span across the World Bank Group
and are therefore cited as such in the text.
DEFINING THE REPORT
Methodology for Determining
Materiality
The topics deemed relevant for disclosure in
the GRI Index were determined by assessing:
(1) their potential impact on the Bank’s busi-
ness and (2) the sustainability impacts from
the Bank’s operations.
The business case was determined based on
three key categories: (1) the linkages with the
Bank’s mission and goals; (2) potential repu-
tational risks to the organization, and (3) the
importance to stakeholders.
In addition to understanding the business case
and stakeholder concerns, equal weight was
given to three aspects of the sustainability
impact of the Bank’s business. After assess-
ing the various sustainability frameworks
available, the basic environmental, social,
and economic conditions, as outlined by the
Natural Step (see box), were considered most
appropriate.
Each criterion above (the three for the busi-
ness case and the three for the sustainability
impact) is given a point, and a threshold is
set to prioritize GRI aspects to include in the
report. The Bank’s material topics were deter-
mined and validated by an internal focus group
that met in May 2018.
The Natural Step framework, which com-
plements the GRI, defines three basic “sys-
tem conditions” that must be met if we
want to maintain the essential environ-
mental services that sustain human soci-
ety. Further, because human action is the
primary cause of the rapid change we see in
the natural environment today, the frame-
work includes a fourth system condition
that focuses on the social and economic
considerations that drive those actions.
For the purposes of this exercise, the
sustainability principles of the Natural
Step are applied by asking: (1) Does this
aspect draw upon material extracted from
the earth’s crust and lead to accumulation
of persistent or toxic emissions, or is it an
extractive industry or involve destructive
processes? (2) Does this aspect undermine
the extent of people’s ability to meet their
needs? A criterion was added to ensure
economic representation within the tool. (3)
Does this aspect impact the local economy?
1
RESULTS: WHAT IS MATERIAL?
Report Boundary
Boundaries are defined based on the management control of impacts
– indirect impacts lay within the “operational” boundary while direct
impacts fall within the “corporate” boundary. For each material topic,
boundaries are specified in the management approach disclosures.
Impacts external to the organization [“operational boundary”]
“Operational boundary” denotes an indirect impact that occurs when
the World Bank provides lending and analytical services and may not
be directly controlled by the Bank’s management.
Impacts internal to the organization [“corporate boundary”]
“Corporate boundary” refers to the impact from activities over which
the Bank has direct control, such as operating World Bank facilities and
managing staff members.
Operational impact
The World Bank’s most pertinent sustainability impacts from financial
and technical services to clients can be summarized in the following GRI
topic specific disclosures:
1. Economic Performance – Because creating and distributing economic
value is part of the mission of eliminating extreme poverty, shareholders
and investors care about the sustainable economic performance of the
institution.
2. Indirect Economic Impacts – These impacts are an essential aspect
of the Bank’s goal of reducing poverty and boosting shared prosperity.
3. Anti-corruption – Critical to the World Bank’s mission to alleviate
extreme poverty is a well-functioning public sector that delivers
quality public services consistent with citizen preferences. It also
must foster private, market-led growth while managing its fiscal
resources in a prudent manner. Opinion leaders in the Bank’s client
countries listed anti-corruption as one of their development priorities.
2 World Bank GRI Index 2018
4. Procurement Practices - World Bank operations have a global
footprint, and therefore a very geographically diverse supply base.
Encouraging the responsible behavior of its major suppliers is
important for reducing environmental impacts along its supply chain.
5. Human Rights / Child Labor / Indigenous Rights / Local Communities
– The World Bank promotes human rights by ensuring that there is
no prejudice or discrimination toward project-affected individuals or
communities and give particular consideration to Indigenous Peoples,
minority groups, and those disadvantaged or vulnerable, especially
where adverse impacts may arise or development benefits are to be
shared.
Corporate Impact
The material, topic-specific disclosures of the Bank’s internal operations
include the following:
1. Staff are the World Bank’s greatest asset. They bring a wide range
of perspectives to bear on poverty-reduction issues and emerging
development challenges and are critical to the effectiveness of
the Bank’s core operational and knowledge services. Staff-related
disclosures are pulled from the following GRI aspect categories:
Employment, Occupational Health and Safety, Training and
Education, Diversity and Equal Opportunity, and Nondiscrimination.
2. The Bank recognizes that reducing its own corporate environmental
impacts is in line with the institutional mission to reduce
poverty, as environmental degradation affects the world’s poor
disproportionately. Increasing the efficiency of how the organization
runs its business — through facility-level and staff-behavior changes
— reduces natural-resource waste and decreases the cost of day-
to-day operations. Key aspects related to the Bank’s environmental
footprint include: Materials, Energy, Water, Emissions, Effluents and
Waste, and Procurement Practices.
Questions and comments about the GRI Index should be
addressed to the World Bank Corporate Responsibility Program,
crinfo(a)worldbank.org.
 TABLE OF CONTENTS
Material Topics Disclosed

General Disclosures Economic Disclosures Environmental Disclosures Social Disclosures

Organizational Profile....................4 Economic Performance............... 23 Materials........................................ 39 Employment.................................. 52

Strategy........................................... 9 Indirect Economic Impacts........ 27 Energy.............................................40 OH&S.................................................55

Ethics and Integrity...................... 11 Procurement Practices................31 Water.............................................. 44 Diversity & Equal Opportunity... 59

Governance.....................................13 Anti-corruption............................ 35 Emissions....................................... 45 Training and Education............... 62

Stakeholder Engagement............15 Effluents and Waste....................50 Non-discrimination......................66

Reporting practice........................19 Child Labor..................................... 67

Indigenous Peoples....................... 71

Human Rights............................... 72

Local Communities.......................74

3
 GENERAL DISCLOSURES
GRI 102: ORGANIZATIONAL PROFILE
Disclosure 2018 Response

102-1 Name of the The World Bank consists of the International Bank of Reconstruction and Development (IBRD) and the International Development
organization Association (IDA). It is part of the World Bank Group, which also includes the International Finance Corporation (IFC), the Multilateral
GENERAL DISCLOSURES • Organizational Profile

Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
For more information, see www.worldbank.org/en/about/what-we-do.
102-2 Activities, The World Bank is a vital source of financial and technical assistance to developing countries around the world. Three priorities guide
brands, products, our work with countries to end poverty and boost prosperity for the poorest people: (i) helping create sustainable economic growth, the
and services surest path out of poverty; (2) investing in people, through access to health care, education, water and sanitation, and energy; and (3)
building resilience to shocks and threats that can roll back decades of progress.
To attain its goals, the World Bank offers:
• Innovative financing instruments and products for an array of investments in such areas as education, health, public administration,
infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Some of
the Bank’s projects are cofinanced with governments, other multilateral institutions, commercial banks, export credit agencies, and
private sector investors. The Bank also provides or facilitates financing through trust fund partnerships with bilateral and multilateral
donors. Many partners have asked the Bank to help manage initiatives that address needs across myriad sectors and developing
regions.
• Research, analysis, partnership coordination, and technical assistance services that are designed to share the best knowledge
available to achieve development results and that underpin World Bank financing.
For more information, see www.worldbank.org/en/about/what-we-do.
102-3 Location of The World Bank's headquarters are located in Washington, DC, in the United States.
headquarters

102-4 102-4 Location The World Bank is a global organization. IBRD is owned by 189 member countries and IDA by 173. World Bank staff are located in our
of operations 140 country locations globally. There are 166 World Bank facilities worldwide.
Location of
operations

4 World Bank GRI Index 2018

102-5 Ownership The World Bank is not a bank in the traditional sense, but a unique partnership committed to reducing poverty and supporting
and legal form development. IBRD is governed by and works with its 189 member countries to achieve equitable and sustainable economic growth in
their national economies, and to find solutions to pressing regional and global problems in economic development and other important
areas, such as environmental sustainability. Project loans are financed by World Bank bonds issued in the capital markets, guarantees,
risk management products, and advisory services. IDA works with its 173 member countries—offering financing to the world’s poorest
countries—to reduce poverty by providing loans and grants for programs that boost economic growth, reduce inequalities, and improve
people’s living conditions.

GENERAL DISCLOSURES • Organizational Profile

For a full list of member countries, see http://www.worldbank.org/en/about/leadership/members.
Each of the World Bank organizations operates according to procedures established by its Articles of Agreement.
The agreements outline the conditions of membership and the general principles of organization, management, and
operations. For more information, see: http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/ORGANIZATION/
BODEXT/0,,contentMDK:50004943~pagePK:64020054~piPK:64020408~theSitePK:278036,00.html.
102-6 Markets The World Bank works globally to achieve equitable and sustainable economic growth in member country economies and to find
served solutions to the pressing regional and global problems in economic development. Its work is distributed throughout the following
regions: Africa, East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, the Middle East and North Africa, and
South Asia.
World Bank projects cover the following Global Practices: Agriculture; Education; Energy; Environment and Natural Resources; Finance,
Competitiveness, and Innovation; Governance; Health, Nutrition, and Population; Jobs and Development; Macroeconomics, Trade, and
Development; Poverty; Social Protection; Social, Urban, Rural, and Resilience; Transportation; Digital Development; and Water. For more
information on the Bank’s work by region and by sector, see www.worldbank.org/en/where-we-work and www.worldbank.
org/en/topic.
102-7 Scale of the Total World Bank commitments: World Bank lending commitments for development support totaled $47 billion in fiscal year 2018.
organization
IBRD commitments and resources: New lending commitments by IBRD totaled $23 billion for 124 projects in fiscal year 2018.
IBRD raised US dollar equivalent (USDeq) 36 billion by issuing bonds in 27 currencies. IBRD’s equity comprises primarily paid-in
capital and reserves. IBRD’s Governors are voting on capital increase resolutions that would allow IBRD to lend more, consistent with
maintaining an appropriate equity-to-loans ratio. Lending capacity will increase once the capital contributions are received.
IDA commitments and resources: IDA commitments amounted to $24 billion for 206 operations in fiscal year 2018, including $18.5
billion in credits, $5 billion in grants, and $463 million in guarantees. IDA is financed largely by contributions from partner governments.
Additional financing comes from transfers from IBRD’s net income, grants from the International Finance Corporation, and borrowers’
repayments of earlier IDA credits. Total resources for the IDA18 Replenishment, which covers fiscal years 2018–20, amounted to $52.9
billion in Special Drawing Rights (equivalent to $75 billion).
For more information, see the World Bank Annual Report 2018: www.worldbank.org/annualreport.

5
 102-8 Information on In fiscal year 2018, the World Bank employed 12,216 staff: 6,724 on permanent contracts, and 5,492 on fixed term contracts (including
employees and other special assignments). Forty-three percent of World Bank staff are located in our 140 country locations. Over 50 percent of our staff
workers are female. Additionally, the World Bank employed 4,810 full-time equivalent, short-term consultants in fiscal year 2018. These self-
employed workers represent 28 percent of the workforce.
2018 2017 2016 2015
Full-time staff
Number % of total Number % of total Number % of total Number % of total
GENERAL DISCLOSURES • Organizational Profile

United States 7,016 57% 6,906 58% 6,736 59% 7,209 60%
Female 3,864 32% 3,774 32% 3,659 32% 3,936 33%
Male 3,152 26% 3,132 26% 3,077 27% 3,273 27%
Non-US location 5,200 43% 4,991 42% 4,685 41% 4,724 40%
Female 2,469 20% 2,361 20% 2,206 19% 2,226 19%
Male 2,731 22% 2,630 22% 2,479 22% 2,498 21%
WB total full-time
12,216 11,897 11,421 11,933
staff
Of which Female 6,333 52% 6,135 52% 5,865 51% 6,162 52%
Of which Male 5,883 48% 5,762 48% 5,556 49% 5,771 48%
Consultants (FTE globally) 4,810 28% 4,948 29% 4,757 29% 4,262 26%

World Bank staff who hold regular, open, or term appointments are eligible for reduced work schedule (RWS), which can be used in
three kinds of arrangements: (1) part-time—the staff member works less than full-time; (2) job share—two staff work less than full-
time and share responsibility for one job; or (3) phased retirement—the staff member works reduced hours to help transition from
full-time work to retirement. A staff member on RWS works no less than 50 percent of the regular workweek schedule. In total, at the
end of fiscal year 2018, 57 Bank staff were on reduced work schedule.
For more information about the World Bank’s career tracks, see www.worldbank.org/en/about/careers.

6 World Bank GRI Index 2018

102-9 Supply chain Corporate Procurement: Each year, about $1.3 billion in goods and services are purchased by the World Bank globally. Major
contracts include consulting services, travel, information technology and telecommunications, health and benefits, and construction
services. All vendors are required to adhere to the World Bank Corporate Procurement Policy. For more information, see: http://www.
worldbank.org/en/about/corporate-procurement.
Operational Procurement: World Bank projects have a global footprint, and therefore, a geographically diverse supply base. Bank
operations have varied supply chain characteristics depending on the nature of the items being procured and location (for instance,
supply chain characteristics in fragile states have unique market features). In general terms, about 70 percent of the Bank’s projects

GENERAL DISCLOSURES • Organizational Profile

by value are infrastructure related, typically transport, water, and energy projects. Road-related projects are typically supplied by local
providers for both design and construction. More complex or cutting-edge energy, water, and transport projects (for example, rail
systems) usually involve a global consortium combining the best skills around the world. Depending on how complex or proprietary the
technology requirements will determine whether items, for example, rail stock, turbines, and processing equipment, are imported or
manufactured locally. For civil works components, it is normal that these are sourced locally and use local labor. For goods, this varies
depending on the types of goods procured; if procured internationally, global supply chains are typically involved. Procurement of
services and consultants again depends on the type of service required.
At about 70 percent by value, the Bank’s support to infrastructure procurements are generally labor-intensive activities, particularly for
civil works components. These procurements typically use local labor and equipment. As such, the Bank’s standard bidding documents
for works projects put a high emphasis on labor management and protections, including, among other things, access to health services,
site safety, equality, pay, prevention of child labor and gender-based violence, and so on.
In fiscal year 2018, the Bank supported its borrowers in procurement from 2,767 different suppliers; about $9.6 billion was paid to
these suppliers in contracts subject to the Bank’s prior review. In fiscal 2017, 4,025 suppliers were awarded about $11.2 billion. The
Bank does not currently track subcontractors beyond the primary provider; however, the majority of these contracts by value are for
infrastructure projects and, as such, it is estimated that about 27,000 subcontractors could be involved beyond the primary supply chain
(a factor of 10 subcontractors to one primary supplier).

7
 102-10 Significant There were no significant changes to the World Bank’s size, Top supplying countries
changes to the structure, ownership, or corporate supply chain.
organization and its Rank FY17 FY18
supply chain
The Bank’s operational supply chain is truly diverse and global
1. China India
and has remained stable overall. As old projects conclude,
and new ones begin, there are fluctuations in the major 2. India China
supply chains depending on project procurement awarded. 3. Turkey Turkey
In the main geographic supply chains (supplier-registered
GENERAL DISCLOSURES • Organizational Profile

4. Belarus Spain
locations) of fiscal year 2017 and fiscal year 2018, the top
three supplying countries (supply chains)—China, India, and 5. Indonesia France
Turkey—remain constant, and Bangladesh and France remain 6. France Italy
in the top 10 supplying countries. As the Bank’s operational 7. Bangladesh Poland
portfolio is highly focused on infrastructure, the supply chains
8. Germany Bangladesh
can vary depending on the results of one large project award.
For more information, see: http://www.worldbank.org/ 9. Pakistan Argentina
en/projects-operations/products-and-services/brief/ 10. Russian Federation Brazil
procurement-new-framework.
102-11 Precautionary The World Bank applies the precautionary approach through its safeguard policies.
Principle or approach
The Bank’s environmental and social safeguard policies are a cornerstone of its support to sustainable poverty reduction. The objectives
of these policies are to prevent and mitigate harm to people and their environment in the development process. These policies
provide guidelines for Bank and borrower staff in the identification, preparation, and implementation of programs and projects. The
effectiveness and development impact of programs and projects supported by the Bank has substantially increased as a result of
attention to these policies. Safeguard policies have often provided a platform for the participation of stakeholders in project design,
along with being an important instrument for building ownership among local populations. For more information, see http://www.
worldbank.org/safeguards.
102-12 External The World Bank is committed to helping developing countries end extreme poverty and boost shared prosperity in a sustainable
initiatives manner. The Bank is a partner of choice for countries seeking to reach many of the United Nations (UN) Sustainable Development Goals
(SDGs), adopted in September 2015, particularly in the context of financing, data, and supporting implementation. The World Bank is
also an active member of many external initiatives, such as the United Nations Environmental Management Group and the Multilateral
Financial Institutions Working Group on the Environment. As a UN-specialized agency, the Bank supports the mission of the UN and
the multilateral agreements for which the Bank acts as an implementing agency, such as the Global Environment Facility (GEF), the
Multilateral Fund for the Montreal Protocol, and the Convention to Combat Desertification. These facilities have enabled the Bank to
become the largest funder of projects in support of the Convention on Biological Diversity and the Stockholm Convention on Persistent
Organic Pollutants.

8 World Bank GRI Index 2018

102-13 Membership The World Bank is not a formal member of industry or a business association, or a national or international advocacy organization,
of associations but it works with a wide range of civil society organizations, foundations, and private sector partners on multiple global issues. It is
also a sitting observer in the UN Development Group. These partnerships build support for the World Bank's twin goals of ending
extreme poverty and boosting shared prosperity. The Bank partners with key stakeholders on a number of programs, including our
End Poverty campaign, and we partner on specific development challenges facing our partner countries, such as financial inclusion,
forced displacement, climate change, as well as human capital investments, including education and health. Key partnerships include
the Carbon Pricing Leadership Coalition, Early Childhood Development Network, the He4She initiative, and WeConnect International a
global network that connects women-owned businesses to buyers around the world.

STRATEGY

GENERAL DISCLOSURES • Strategy

102-14 Statement Refer to the World Bank Annual Report 2018 for messages from Dr. Jim Yong Kim, President of the World Bank Group; Kristalina
from senior Georgieva, CEO of IBRD and IDA; and a statement from the World Bank’s Board of Executive Directors.
decision-maker
For more information, see www.worldbank.org/annualreport.
102-15 Key The work of the World Bank is anchored in its goals: to end extreme poverty—reducing the share of the global population living in
impacts, risks, and extreme poverty to three percent by the year 2030—and to promote shared prosperity—increasing the income of the bottom 40
opportunities percent of the population. Both goals must be met in a sustainable manner.
IMPACTS: The World Bank Group Strategy, released in 2013, discusses the significant areas in which the World Bank makes economic,
social, and environmental impacts, as well as the associated challenges and opportunities along the path toward ending poverty
and boosting shared prosperity in a sustainable manner. In December 2017, the World Bank Group committed to no longer finance
upstream oil and gas, after 2019. In 2018, the World Bank Group announced that 32 percent of its financing had climate co-benefits—
exceeding the target set in 2015 that 28 percent of its lending volume would be climate-related by 2020.
World Bank staff work together with country-based staff, IFC, MIGA, and country partners to prioritize the WBG’s program of financial,
analytical, advisory, and convening support, based on the Bank Group’s comparative advantage and the client’s priorities, and in
response to development challenges highlighted in a Systematic Country Diagnostic (SCD). The SCD identifies the barriers to eliminating
extreme poverty and boosting shared prosperity within a country and is undertaken by the WBG before developing a new partnership
framework with a country. The diagnostic guides the development of the Country Partnership Framework (CPF), which outlines the
strategic interventions and support on which the WBG and partner country will engage. This SCD was introduced in July 2014, and as of
the end of fiscal year 2018, the WBG had prepared SCDs in 90 countries and new CPFs in 57 countries.
During the fiscal year 2019-21 planning period, the World Bank Group will focus on the following priorities: (1) support for client-facing
work, particularly for the IDA18 scale-up and areas affected by fragility, conflict, and violence, and for meeting the IBRD capital increase
policy commitments; (2) the Bank Group-wide partnership to crowd in private sector investment and create new markets to maximize
finance for development; (3) a renewed focus on human capital and on enhancing the Bank Group’s leadership on global issues; and
(4) improvement of the business model for greater effectiveness and efficiency.

9
 102-15 Key RISKS: As a cooperative institution, IBRD seeks not to maximize profit but to earn enough income to ensure its financial strength and
impacts, risks, sustain its development activities. Of fiscal 2018 allocable net income, the Board of Executive Directors recommended to the Board
and opportunities of Governors the transfer of $248 million to IDA and the allocation of $913 million to the General Reserve. As part of its lending,
(continued) borrowing, and investment activities, IBRD is exposed to market, counterparty, country credit, and operational risks. The World Bank
Group’s Chief Risk Officer leads the risk oversight function, independently reports to the Board on an ongoing basis, and supports
the institutional decision-making process via dedicated risk committees. In addition, IBRD has put in place a strong risk management
framework, which supports management in its oversight functions. The framework is designed to enable and support IBRD in achieving
its goals in a financially sustainable manner. One summary measure of IBRD’s risk profile is the ratio of equity to loans, which is
closely managed in line with its financial and risk outlook. This ratio stood at 22.9 percent as of June 30, 2018. To download the IBRD
Financial Report and IDA Financial Report, visit: www.worldbank.org/financialresults.
GENERAL DISCLOSURES • Strategy

OPPORTUNITY: Fiscal year 2018 was witness to significant impacts to the financial resources for both IBRD and IDA, which are
anticipated to open new opportunities for the World Bank to provide support to its client member countries.
As part of the groundbreaking IDA18 package, IDA shareholders agreed to transform IDA’s financing model, leveraging its strong
General Disclosures

capital base to pioneer a new model for development finance that combines donor funding with funding raised in the capital markets.
IDA received its first-ever public credit rating—triple-A—in 2016. IDA’s financial strength is based on its robust capital position and
shareholder support, as well as on its prudent financial policies and practices, which help to maintain its triple-A credit rating. On
April 17, 2018, for the first time, IDA issued $1.5 billion of debt in the international capital markets. This inaugural IDA bond received
strong reception in the market, with total orders reaching $4.6 billion from around the world. IDA’s borrowing program will enable
IDA to significantly scale up its support toward achieving the SDGs while offering investors an efficient way to contribute to global
development.
At the 2018 Spring Meetings, the Development Committee of the Board of Governors endorsed a package of measures that include
a $13 billion paid-in capital increase for the World Bank Group, including $7.5 billion for IBRD, as well as a $52.6 billion increase in
callable capital for IBRD. The boost in capital is augmented by a broad range of internal measures to create an even stronger World
Bank Group. Draft resolutions on the capital increase were sent to the Governors for formal approval in June 2018.
For more information on the World Bank Group Strategy: https://openknowledge.worldbank.org/handle/10986/16095
For more information on the World Bank Group’s Forward Look: http://siteresources.worldbank.org/DEVCOMMINT/
Documentation/23775499/DC2018_0005ForwardLookupdate_329.pdf
For more information about IBRD and IDA funding programs: http://www.worldbank.org/en/about/unit/treasury
For more information on progress toward corporate targets: http://corporatescorecard.worldbank.org/

10 World Bank GRI Index 2018

 ETHICS AND INTEGRITY
102-16 Values, Values: The WBG concluded an extensive internal consultation to revisit its Core Values, which define how Bank Group staff engage
principles, standards, with partners and each other. They are:
and norms of
behavior
• Impact – We help our clients solve their greatest development challenges.
• Integrity – We do what is right.
• Respect – We care for our people, our clients, our partners, and our planet.

GENERAL DISCLOSURES • Ethics and Integrity

• Teamwork – We work together to achieve our goals.
• Innovation – We learn and adapt to find better ways of doing things.
More than 1,000 colleagues from across the World Bank Group were engaged in this exercise.
Code of Conduct: A new Bank Group Code of Conduct will be launched in fiscal year 2019 in line with the new Core Values. There
is a separate Code of Conduct for Board officials. Business partners are informed of ethics expectations through a separate document.
Adherence to high ethical standards is specified in contracts with employees, Board officials, and business partners. Section 1(c) of the
Code for Board Officials requires them to sign the code document upon assuming duty and deposit it with the Ethics Committee of the
Board. In addition to the required training for new staff, the institution offers a number of ethics training courses on values, expected
business conduct, recourses available against misconduct and retaliation, and the prevention of conflicts of interest.
Staff members are required to uphold World Bank Group Staff Rules as a condition of employment.
Trainings: There is a mandatory e-learning training on the Code of Conduct for all new staff, including consultants with contracts of
more than 30 days. A summary of the Code of Conduct is available in nine languages.
A new mandatory e-Learning was launched in fiscal 2018, on preventing and addressing sexual harassment, to be completed by all
staff by September 30, 2018. Preventing and addressing sexual harassment is inextricably linked to the World Bank Group’s core values
integrity, teamwork, and respect.
Responsibility: The head of the WBG Ethics and Business Conduct (EBC) is a Chief Ethics Officer who reports directly to the World
Bank Group President. The leadership of this function by a Chief Ethics Officer reflects the importance of EBC’s mandate, comprised
of four key areas of responsibility: (1) setting standards through the design and stewardship of ethical policy, practices, decisions, and
behavior, including administering Declarations of Interest Programs to ensure public confidence; (2) reaching out to staff and offering
training to strengthen values, foster a culture of respect and integrity, and build bridges between scientific research and practice in
ethical development; (3) advising staff and clients by sharing ethics expertise and spotting trends, and providing counsel on conflicts of
interest and compliance-related issues as needed; and (4) addressing misconduct by reviewing concerns, recommending actions, and
facilitating resolutions. For more information on the World Bank’s Code of Conduct and EBC functions, see http://worldbank.org/
ethics.

11
 102-17 Mechanisms Seeking advice about ethical and lawful behavior, and organizational integrity: The World Bank encourages staff members
for advice and (both past and present) to seek ethics-related advice and report suspected misconduct and other ethical issues through its Ethics and
concerns about Business Conduct Department. Modes of seeking advice include: (1) via the Ethics Helpline (800-261-7497) that is available 24 hours
ethics a day and administered in multiple languages by an outside vendor; (2) via email (ethics_helpline(a)worldbank.org); and (3)
employees can seek advice directly from EBC staff during office hours or arrange to speak with team members at a convenient time.
Advisory requests are treated with the highest possible level of confidentiality given the requirements of the case. Requests for advice
can be made anonymously.
GENERAL DISCLOSURES • Ethics and Integrity

For reports of suspected misconduct, all information is confidential and subject to disclosure on a strict need-to-know basis. Anonymous
complaints are accepted.
Reporting concerns about unethical or unlawful behavior, and organizational integrity: there were 914 requests for
advice in fiscal year 2018. In more than 93 percent of the cases, answers were provided within two business days. The most frequently
received queries concerned a staff member’s outside activities, a couple’s or family’s relationship, or vendor procurement.
In fiscal year 2018, 252 allegations of misconduct were received. The most frequently received involved allegations of harassment
General Disclosures

excluding sexual harassment, noncompliance with rules, and sexual harassment. The large majority of allegations were reviewed and
closed after intake or initial review. Of those, 19 resulted in the submission of an investigative report to the Vice President of Human
Resources, who has the authority to determine if misconduct occurred and to impose sanctions.
The Bank Group has a nonretaliation policy that protects against any direct or indirect detrimental action threatened or taken because a
person engaged in a protected activity. Retaliation is considered misconduct and is investigated and sanctioned accordingly.
In addition, the Bank’s Integrity Vice Presidency works to improve compliance with corruption-related policies. The unit trains staff to
detect and deter fraud and corruption and investigates allegations in activities conducted or financed by the World Bank Group—as
well as allegations of significant fraud and corruption involving staff.
Details are outlined for staff in the World Bank Group Code of Conduct. See http://worldbank.org/ethics.

12 World Bank GRI Index 2018

 GOVERNANCE
102-18 Governance The World Bank is a development institution for which its 189 member countries are shareholders. Member countries govern the Bank
structure through the Boards of Governors and the Board of Executive Directors (EDs).
The Boards of Governors consist of one Governor and one alternate Governor appointed by each member country. The office is usually
held by the country’s minister of finance, governor of its central bank, or a senior official of similar rank. The Governors and alternates
serve for terms of five years and can be reappointed. The Governors delegate specific duties to the 25 Executive Directors, who sit
as a resident Board of Directors in Washington, DC. The five largest shareholders appoint an Executive Director, while other member
countries are represented by elected Executive Directors. Together, the Boards of Governors and the Executive Directors make all major
decisions for the organization, including policy, financial, and membership issues.

GENERAL DISCLOSURES • Governance

In addition to representing their own countries and others they are elected to represent, Executive Directors serve on one or more of
five standing committees: Audit Committee, Budget Committee, Committee on Development Effectiveness (CODE), Human Resources
Committee, and Committee on Governance and Executive Directors’ Administrative Matters (COGAM). The committees help the Board
execute its oversight responsibilities through in-depth examinations of policies and practices, overseeing and making decisions about
the Bank’s policies and procedures, financial condition, risk-management and assessment processes, adequacy of governance and
controls, and effectiveness of development and poverty-reduction activities.
CODE supports the Board in assessing the development effectiveness of the World Bank Group, providing guidance on strategic
directions of each member institution of the World Bank Group, monitoring the quality and results of World Bank Group operations,
and overseeing or liaising on the work of the entities that are part of the World Bank Group’s accountability framework, including with
regard to economic, environmental, and social topics.
In addition, the Ethics Committee provides guidance on matters covered by the Code of Conduct for Board officials. These committees
function independently of all World Bank Group executive officers.
For more information, see http://www.worldbank.org/en/about/leadership.
102-20 Executive- The World Bank Group integrates the principles of sustainable environmental and social development into its work with clients across all
level responsibility sectors and regions. This is done through the Office of the Vice President for Sustainable Development. The Vice President of Sustainable
for economic, Development reports through the Office of the IBRD/IDA Chief Executive Officer, and in turn to the President of the World Bank Group.
environmental, and
social topics For more information about the current Vice President, Sustainable Development, see http://www.worldbank.org/en/about/people/
laura-tuck and http://www.worldbank.org/en/topic/sustainabledevelopment.
Organizational chart: http://pubdocs.worldbank.org/en/404071412346998230/wbg-org-chart.pdf.

13
 102-22 Composition All powers of the World Bank Group are vested in the Boards of Governors (Ministers of Finance and Development of 189 WBG
of the highest member countries), the Bank’s senior decision-making body according to the Articles of Agreement. They are the only nonexecutives
governance body who can decide on the following:
and its committees
• Admit and suspend members;
• Increase or decrease the authorized capital stock;
• Determine the distribution of the net income of the World Bank;
• Decide appeals from interpretations of the Articles of Agreement by the Executive Directors;
• Make formal comprehensive arrangements to cooperate with other international organizations;
GENERAL DISCLOSURES • Governance

• Suspend permanently the operations of the World Bank;

• Increase the number of elected Executive Directors; and
• Approve amendments to the Articles of Agreement.
All other decisions are delegated to the Executive Directors.
General Disclosures

102-23 Chair of the The Chair of the Board of Executive Directors serves as the President of the organization, as set out in the World Bank’s Articles of
highest governance Agreement, Section 5. See http://siteresources.worldbank.org/EXTABOUTUS/Resources/ibrd-articlesofagreement.pdf.
body

102-24 Nominating Nominating Governors of the World Bank depends on the political systems of the individual 189 member governments. The main
and selecting the criterion is that a Governor is a minister of finance, development, or another national ministry. Other criteria like diversity, independence,
highest governance and expertise may factor into the independent, government-led decision-making process. The World Bank has no direct influence over
body Governor nomination, which is a sovereign matter related to countries’ internal governance and decision making. For details, see
http://www.worldbank.org/en/about/leadership/governors.
102-26 Role of Governors of the World Bank meet twice per year to discuss issues related to the organization’s purpose and strategy to eliminate
highest governance extreme poverty and reduce inequality in a manner that is economically, environmentally, and socially sustainable. See www.
body in setting worldbank.org/devcom.
purpose, values, and
strategy

14 World Bank GRI Index 2018

102-35 Remuneration Per the World Bank Articles of Agreement, “ [T]he Board of Governors shall determine the remuneration to be paid to the Executive
policies Directors and the salary and terms of the contract of service of the President.” To recruit and retain highly qualified staff, the World
Bank Group has developed a compensation and benefits system designed to be internationally competitive, to reward performance, and
to take into account the special needs of a multinational and largely expatriate staff. The Bank Group’s staff salary structure is reviewed
annually by the Executive Directors and, if warranted, is adjusted on the basis of a comparison with salaries paid by private financial
and industrial firms and by representative public-sector agencies in the U.S. market.

GENERAL DISCLOSURES • Stakeholder Engagement

The Articles also state that Governors (the highest governance body) “...shall serve as such without compensation from the Bank, but
the Bank shall pay them reasonable expenses incurred in attending meetings.”
Senior Management salaries are disclosed in the Annual Report: http://www.worldbank.org/annualreport.

STAKEHOLDER ENGAGEMENT
102-40 List of As a global employer, the World Bank consults and collaborates with thousands of stakeholders throughout the world. The World
stakeholder groups Bank groups the stakeholders into two main categories: internal and external. Internal stakeholders include shareholder governments
(the Boards of Governors), Executive Directors and Senior Management, and Bank employees. External stakeholders include
parliamentarians; civil society; faith-based organizations; academics; professionals; the private sector (including sustainable responsible
investors, companies, and social entrepreneurs); and international, national, and local media, among others.
102-41 Collective At the World Bank Group, the percentage of total employees covered by collective bargaining agreements is zero.
bargaining
However, the World Bank Group Staff Association, founded in 1972, represents and protects the rights and interests of all (that is,
agreements
100 percent) of the staff as part of its mandate. The Staff Association negotiates with the Human Resources Vice Presidency, senior
management, line management, and the Executive Directives to ensure the interests of staff are met. The Staff Association is not a
union and does not engage in collective bargaining. It serves a critical role by representing the rights of all World Bank Group staff, as
provided in Staff Rule 10.01.
Currently, there are 11,815 World Bank Group staff that are members of the Staff Association, and 90 country offices have established
Country Office Staff Associations.
102-42 Identifying World Bank works with diverse stakeholders who share the commitment to advance the World Bank Group’s twin goals—to end
and selecting extreme poverty and boost shared prosperity. Getting the necessary stakeholders involved is essential, but also challenging given that
stakeholders our stakeholders range from donor and client governments to the poorest and most marginalized communities.
In the context of World Bank-supported activities, stakeholders are considered to be anyone who is in some way—positively or
negatively—impacted by the potential outcomes of these activities. The stakeholders are varied so what impacts a segment or
segments of this group depends on what the activities’ outcomes are.

15
 102-43 Approach The World Bank Group engages with a broad cross-section of stakeholder groups in ways that are both context-specific and situational.
to stakeholder Engagement takes the form of numerous approaches, including policy dialogue; operational partnerships; consultations; convenings and
engagement global platforms, such as the Annual and Spring Meetings; and joint issue-based advocacy on campaigns, such as End Poverty and the
Early Years campaign on early childhood development.
1. Member governments: Executive Directors and Governors engage regularly with a wide spectrum of stakeholders, including
national stakeholders in their own country and with international civil society organizations (CSOs) on the margins of the organization’s
GENERAL DISCLOSURES • Stakeholder Engagement

Spring and Annual Meetings, as well as during travel to client countries for Bank Group operations. Each fall and spring, the Boards
of Governors of the World Bank Group and International Monetary Fund (IMF) hold Annual and Spring Meetings to discuss a range
of issues related to poverty reduction, international economic development, and finance. The Annual Meetings provide a forum for
international cooperation and enable the Bank Group and IMF to better serve their client countries. In addition to the Annual and
Spring Meetings, the Development Committee convenes to advise the Boards of Governors on issues of global concern, including the
world economic outlook, poverty eradication, economic development, and aid effectiveness. Outcomes of the Development Committee
are inputs to the GRI materiality exercise. See http://worldbank.org/devcom.
General Disclosures

2. Employees: Staff engagement, pride in the institution, and commitment to a shared mission are key to the World Bank’s success.
Staff are kept informed at all times and have formal and informal opportunities to engage and have dialogue with senior management
through various avenues, such as internal events, live webcast leadership townhalls, online chats, leadership blogs, and so on. The
World Bank’s intranet is available to all staff across 140 countries and is easily accessible on employee devices. Management ensures
flow of information through communications, announcements, stories, webinars, learning opportunities, targeted briefings, broad-reach
newsletters, and emails. More broadly, to support staff in feeling part of an integrated community, there are additional engagements
such as cultural performances, staff profiles, and staff conversations. The Bank also promotes various corporate communication
campaigns, such as the Community Connections Campaign, to raise funds for the local community and client countries, campaigns
around staff health and wellness, safety and security, etc. Monitoring the staff level of engagement is very important. The regular,
in-depth employee Engagement Survey invites staff to voice opinions on key issues, from leadership to career development, and
inclusiveness to the work environment. The Bank engagement index and the participation rate in the Engagement Survey remain
consistently high. As indicated in the 2017 survey, the Bank’s participation rate and the engagement index continued this trend,
respectively at 85 and 80 percent.
3. Civil Society: The World Bank engages Civil Society Organizations (CSOs, which include faith-based and religious organizations)
regularly at the global, regional, and local levels. The Bank shares information, solicits input on policy reform, consults with CSOs on our
strategy, collaborates with CSOs on Bank-financed projects, and forges partnerships to further our dual goals. For example: the Bank’s
Civil Society team hosts a monthly update call with more than 300 CSOs, and distributes a monthly CSO eNewsletter that reaches
roughly 8,000 subscribers.
At the country level, the World Bank consults with a broad spectrum of CSOs on the Systematic Country Diagnostic, the Country
Partnership Framework, and individual Bank-funded development projects, as well as knowledge products and advisory work. Often
these interactions involve multiple stakeholders such as government, private sector, development institutions, and donors at different
times in the project or program cycle. Within these operations, the Bank is helping to build sustainable national systems for citizen
engagement that give citizens a stake in decision-making with the objective of improving development outcomes.
16 World Bank GRI Index 2018
102-43 Approach Twice a year, during the Annual and Spring Meetings, the World Bank Group hosts the Civil Society Policy Forum, which enables the
to stakeholder Bank and CSOs to deliberate on critical issues such as citizen engagement, financial intermediaries, education, energy, and climate
engagement change. More than 1,000 CSO participants attended the event at the 2018 Spring Meetings—a record-setting attendance to date—
(continued) demonstrating the enduring interest from CSOs in engaging with the Bank. A new CSO Innovation Fair, held during the spring Policy
Forum, also provided a unique opportunity for CSOs to interact with each another and Bank staff through a showcase of their advocacy
campaigns, online data tools, and other innovative products and interventions. Through the Strategic Framework for Mainstreaming
Citizen Engagement in World Bank Group Operations, the Bank Group engages with CSOs and citizens to achieve better development

GENERAL DISCLOSURES • Stakeholder Engagement

results. This effort is grounded in the commitment to include beneficiary feedback in World Bank Group-financed projects in which there
are clearly identifiable beneficiaries.
See http://www.worldbank.org/news.
Topics raised by CSOs are used as inputs to the GRI materiality exercise.
4. Opinion Leaders: The Country Opinion Survey (COS) Program systematically assesses and tracks the views of external opinion
leaders across client countries. The World Bank Group has collected thousands of opinions in this mandated program since its inception,
in fiscal 2012. Each client country is surveyed once every three years; each year, about 40 to 45 countries are included. In this manner,
over a three-year cycle, the COS Program obtains feedback from stakeholders in nearly all client countries. No other multilateral
organization engages in a feedback mechanism of such breadth and depth. Priorities identified by Opinion Leaders through the COS are
used as input to the GRI materiality exercise.
5. ESG Investor Community: The World Bank engages with investors including those with environmental, social, and governance
(ESG) investment considerations. Many of these investors consult reports published by ESG firms that rate and rank issuers based
on specific environmental, social, and governance indicators. The firms believe that the ratings reflect the investors’ general areas of
interest. In their issuer profile reports, ESG firm research teams analyze the World Bank’s (IBRD’s) approach to how to lend and conduct
business internally as it pertains to, for example, staff satisfaction, health, and safety; board member composition; and carbon footprint
based on business-as-usual activities. The World Bank frequently receives requests to review and provide feedback on ESG report drafts,
and in many cases, there is already a draft response, which the Bank fact-checks and balances with additional resources (for example,
reports, talking points, press releases, and so on) so that the requestors have a more holistic and complete understanding of our
corporate and development activities.
The questions the World Bank regularly provides feedback on to ESG research and rating firms are used as part of the materiality
exercise for the GRI Index.
6. Local, national, and international media: The World Bank regularly reaches out to media to cover corporate priorities, including
events involving senior management. At key opportunities, such as the Annual and Spring Meetings, the Bank proactively drives the
primary messages of the institution, such as its commitment to its goals of ending extreme poverty by 2030 and boosting shared
prosperity. The World Bank uses traditional media outlets and social media to promote issues that need to be addressed to achieve
those goals, such as major reports on climate change, forced displacement, and gender inequality. The Bank also responds to media
queries to help the media better understand the Bank’s role and responsibilities. Press releases, statements, transcripts, and feature
stories from the Bank appear on the World Bank’s website homepage, http://www.worldbank.org, and on the news site,
http://worldbank.org/en/news.
17
 102-43 Approach Topics raised by media are used as inputs to the GRI materiality exercise.
to stakeholder
7. Foundations and the private sector: The World Bank Group mobilizes political and financial support from the philanthropic
engagement
world to advance the institution’s twin goals. Partnerships range from direct or parallel grant contributions to research, knowledge
(continued) sharing, and joint advocacy. These partnerships often provide crucial early seed funding and access to innovative ideas and new
expertise. They also allow the Bank Group to reach a broad network of civil society grantees.
The World Bank Group currently partners with about 100 foundations across all regions of the world. In fiscal year 2018, the Bank
GENERAL DISCLOSURES • Stakeholder Engagement

Group launched a number of important new partnerships with foundations that focused on scaling up investment and advocacy
efforts on priority issues, including forced displacement, climate change, as well as investments in human capital. In addition, the WBG
continued to strengthen existing partnerships. Some examples include:
• The Advisory Council—an annual action-oriented meeting designed to build political will and to kick-start transformative
partnership—convened a select group of high-level, influential philanthropic leaders alongside senior Bank Group leadership
around the topic of forced displacement. Participants agreed to explore the feasibility of building a matchmaking platform to attract
more funding to Jordan, which would benefit refugees and local host communities. Since the meeting, the World Bank has been
working in close collaboration with the Tent Foundation to increase engagement by global businesses, and with the Open Society
Foundations on a deal catalyst mechanism to create a pipeline of investable opportunities. The aim of the platform is to bring
local businesses, global corporations, foundations, philanthropic investors, and the development community together to create
opportunities for refugees and host populations through investment, sourcing, market access, and skills and capacity development.
• The World Bank Group also continued to engage with philanthropic forums including the European Foundation Centre and the
Global Philanthropy Forum.
• In fiscal year 2018, the Bank partnered with the Global System for Mobile Communications Association to harness the power of data from
the Internet of Things to support the use of technology to help developing countries solve their most critical development challenges.
• The Bank’s Identification for Development (ID4D) initiative provides global knowledge and expertise to help countries realize
the potential of digital identification systems and forges partnerships with external actors. During this year’s Annual Meetings,
ID4D launched a High-Level Advisory Council to advance digital identification as a sustainable development priority. The Council,
co-chaired by Kristalina Georgieva, IBRD and IDA CEO, and Amina J. Mohammed, United Nations Deputy Secretary-General, consists
of prominent global leaders, including: Mo Ibrahim, Chairman of the Mo Ibrahim Foundation and Founder of Celter; Nandan
Nilekani, Co-Founder of Infosys, and Founding Chairman, Unique Identification Authority of India; and Eric Jing, CEO, Ant Financial.
ID4D engaged with the Bill and Melinda Gates Foundation, the Omidyar Network, and the Government of Australia, whose support
brings thought leadership and funding to this initiative.
• This year, the World Bank Group continued to engage partners on issues of advocacy, such as the Human Capital Project. During
the Spring Meetings, discussion on making human capital a project for the world, Bill Gates came forward to champion the human
capital agenda in partnership with the World Bank Group. In addition to the efforts on human capital, the World Bank Group also
worked with the Bill and Melinda Gates Foundation to deepen engagement and raise the level of ambition the two institutions have
to improve the lives of the people we serve.
For a snapshot of partnerships between the World Bank Group and almost 100 foundations around the world, see: http://documents.
worldbank.org/curated/en/327191508902087459/The-World-Bank-Group-and-foundations-stories-of-partnership-2017.
18 World Bank GRI Index 2018
102-44 Key topics Topics of concern raised in the past year include:
and concerns raised
1. Member states: Member states issue communiques during Annual and Spring Meetings. These can be found online. See, for
instance, the Development Committee Communique from April 2018: http://siteresources.worldbank.org/DEVCOMMINT/
Communiques/23776683/Communique(E)immediaterelease4-21.pdf.
2. Employees: In surveys, Bank staff continuously show high levels of engagement and pride in working for the organization.
Following up on the most recent 2017 survey, we have developed Vice Presidential Unit action plans that focus on areas of concern,
such as institutional practices, leadership development, work-life balance, and so on. The status of action plans is updated and

GENERAL DISCLOSURES • Reporting Practice

monitored on a regular basis. This approach has led to improvement in a number of areas at both the VPU and corporate level.
3. Opinion Leaders: In fiscal year 2018, the mean rating for the Bank Group’s effectiveness and impact on development results
(combined rating for two variables) in the Bank Group’s client countries was 6.4 on a 10-point scale across all COS respondents.
Participants in the fiscal year 2018 COS had significantly lower ratings for the Bank Group’s effectiveness and impact on development
results compared to participants in the fiscal year 2017 COS (the mean in fiscal year 2018 was 6.4; the mean in fiscal year 2017
was 6.6). Clients (those respondents who work with the institution) rated the Bank Group’s collaboration with other donors and
development partners in IDA countries lower compared to participants in the fiscal year 2017 COS (the mean in fiscal year 2018
was 7.1; the mean in fiscal year 2017 was 7.4). On responsiveness and staff accessibility (combined rating for two variables), the
client ratings were the same: 6.8 (statistically similar to the fiscal year 2017 COS rating: 6.8). For more information, see http://
countrysurveys.worldbank.org/
4. ESG Investor Community: Investors have asked for clarification about the project implementation process and how safeguards
help reduce social and environmental risks. Their questions focused on, for example, preventing risks before resettlement and the
procurement process. In addition, investors may ask about labor and the supply chain during project implementation by contractors
helping to install projects on the ground alongside local agencies. In the past, investors have asked about how well these companies
that were procured for project implementation are vetted in order to prevent any violation of human rights and child labor within
countries where projects are being financed.

REPORTING PRACTICE
102-45 Entities The content and data in this document relate to the International Bank of Reconstruction and Development (IBRD) and the
included in the International Development Association (IDA), which together comprise the World Bank. The GRI Index 2018 does not cover activities of
consolidated the other three agencies of the World Bank Group: the International Finance Corporation (IFC), the Multilateral Investment Guarantee
financial statements Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). These agencies publish separate annual
reports. Some references to the World Bank Group have been made in this report as appropriate.
For more about the World Bank and its sibling agencies, see www.worldbank.org/about.

19
 102-46 Defining The topics deemed relevant for disclosure were identified by assessing annual corporate priorities outlined by the institution’s Boards
report content and and President, considering stakeholder input, as well as ascertaining sustainability impacts of carrying out the mission and vision.
topic Boundaries Stakeholder feedback is gained through internal focal points that manage the relationships with the Board, civil society, investors, staff,
media, and clients.
To determine if a GRI aspect is material for the World Bank to report on, an assessment is carried out based on the potential impacts on
the Bank’s business, and sustainability impacts stemming from its business. The business-case category evaluates potential reputational
risks to the organization, the importance to stakeholders (based on the above sources), the linkages with the Bank’s mission and
goals and those identified as material in the World Bank Corporate Responsibility Strategic Plan. The sustainability impact refers to
GENERAL DISCLOSURES • Reporting Practice

environmental and social criteria, as outlined by the Natural Step, namely, material extracted from the earth’s crust; the accumulation
of persistent or toxic emissions; extractive industry or destructive processes; and the extent to which people’s ability to meet their needs
are undermined. To ensure representation of sustainable development, an additional criterion was added to give preference for impact
on the local economy.
The Principles for Defining Report Content have been applied to identify, prioritize, and validate the information to be disclosed by
considering the World Bank’s activities, impacts, and the substantive expectations and interests of its stakeholders. Each criterion above
is given a point and a threshold is set to prioritize GRI aspects to include in the report.
102-47 List of Boundaries are defined based on the management control of impacts – indirect impacts lay within the “operational” boundary while
material topics direct impacts fall within the “corporate” boundary. For each material topic, boundaries are provided in the management approach
disclosures.
Impacts external to the organization [“operational boundary”]
“Operational boundary” denotes an indirect impact that occurs when the World Bank provides lending and analytical services and may
not be directly controlled by the Bank’s management.
Impacts internal to the organization [“corporate boundary”]
“Corporate boundary” refers to the impact from activities over which the Bank has direct control, such as operating World Bank
facilities and managing staff members.
Operational impact
The World Bank’s most pertinent sustainability impacts from financial and technical services to clients can be summarized in the
following GRI topic specific disclosures:
1. Economic Performance – Because creating and distributing economic value is part of the mission of eliminating extreme poverty,
shareholders and investors care about the sustainable economic performance of the institution.
2. Indirect Economic Impacts – These impacts are an essential aspect of the Bank’s goal of reducing poverty and boosting shared
prosperity.

20 World Bank GRI Index 2018

102-47 List of 3. Anti-corruption – Critical to the World Bank’s mission to alleviate extreme poverty is a well-functioning public sector that delivers
material topics quality public services consistent with citizen preferences. It also must foster private, market-led growth while managing its fiscal
(continued) resources in a prudent manner. Opinion leaders in the Bank’s client countries listed anti-corruption as one of their development
priorities.
4. Procurement Practices – World Bank operations have a global footprint, and therefore a very geographically diverse supply base.
Encouraging the responsible behavior of its major suppliers is important for reducing environmental impacts along its supply chain.
5. Human Rights / Child Labor / Indigenous Rights / Local Communities – The World Bank promotes human rights by ensuring
that there is no prejudice or discrimination toward project-affected individuals or communities and give particular consideration

GENERAL DISCLOSURES • Reporting Practice

to Indigenous Peoples, minority groups, and those disadvantaged or vulnerable, especially where adverse impacts may arise or
development benefits are to be shared.
Corporate impact
The most material topics of the Bank’s internal operations include the following:
1. Staff are the World Bank’s greatest asset. They bring a wide range of perspectives to bear on poverty-reduction issues and emerging
development challenges and are critical to the effectiveness of the Bank’s core operational and knowledge services. Staff-related
disclosures are pulled from the following GRI aspect categories: Employment, Occupational Health and Safety, Training and
Education, Diversity and Equal Opportunity, and Nondiscrimination.
2. The Bank recognizes that reducing its own corporate environmental impacts is in line with the institutional mission to reduce
poverty, as environmental degradation affects the world’s poor disproportionately. Increasing the efficiency of how the organization
runs its business—through facility-level and staff-behavior changes—reduces natural-resource waste and decreases the cost of day-
to-day operations. Key aspects related to the Bank’s environmental footprint include: Materials, Energy, Water, Emissions, Effluents
and Waste, and Procurement Practices.
102-48 Restatements Due to changes in emissions factors and errors within the data management system, the World Bank Group base year calculations
of information for greenhouse gas emissions have been restated; details have been captured in the Inventory Management Plan available at: http://
worldbank.org/corporateresponsibility.
102-49 Changes in There were no significant changes from previous reporting periods in the list of material topics and topic boundaries.
reporting

102-50 Reporting The GRI Index 2018 covers fiscal year 2018, i.e., July 1, 2017 through June 30, 2018.
period

102-51 Date of most The previous Sustainability Review and GRI Index were made available in October 2017.
recent report

102-52 Reporting The World Bank updates its GRI Index annually and provides a summary of the year's activities in the World Bank Annual Report. An
cycle in-depth World Bank Sustainability Review is published biennially.

21
 102-53 Contact For more information, email the World Bank Corporate Responsibility Program: crinfo(a)worldbank.org.
point for questions
regarding the report

102-54 Claims The GRI Index 2018 has been prepared in accordance with the GRI Standards: Core option.
of reporting in
accordance with the
GRI Standards
GENERAL DISCLOSURES • Reporting Practice

102-55 GRI content The GRI Index 2018 is available on the following webpage: http://www.worldbank.org/corporateresponsibility.
index

102-56 External The World Bank has not set a policy on gaining external assurance for its GRI Index and Sustainability Review. In practice, limited
assurance assurance is carried out for the Bank’s corporate carbon emissions data periodically. Fiscal year 2016 carbon emissions data was
audited by a third party. The carbon inventory is also assured every year by the IFC Annual Report auditors.

22 World Bank GRI Index 2018

 ECONOMIC DISCLOSURES
GRI 201: ECONOMIC PERFORMANCE

103-1a: An explanation of why the topic is material - The World Bank, one of the world’s largest development institutions, is an important source of financial
resources and technical assistance for developing countries around the globe. It is not a bank in the ordinary sense, but a unique partnership formed to reduce
poverty and promote development. Two goals—ending extreme poverty and promoting shared prosperity—guide the Bank’s mission. Sustainability, an overarching

ECONOMIC DISCLOSURES • Economic Performance

theme, frames these goals. To support this mission, the Bank provides a wide array of investments in such areas as education, health, public administration,
infrastructure, financial and private sector development, agriculture, and environmental and natural resource management, and climate change, among others. The
areas that Bank investments support present enormous challenges and opportunities for development, making it essential that they be tackled in an integrated way.
103-1b: The Boundary for the material topic - This topic applies to the World Bank’s operational boundary impacts. The World Bank’s lending is aimed at
two different groups of countries: the International Bank for Reconstruction and Development (IBRD) strives to reduce poverty in middle-income and credit-
worthy poorer countries through loans, guarantees, risk-management products, and analytical and advisory services. Its companion organization, the International
Development Association (IDA), offers below-market-rate financing to the world’s 78 poorest countries, primarily through credits and grants. IBRD funds itself
through high-quality bonds offered in the international capital markets. IDA’s funding is predominantly from contributions by donor countries, including OECD
countries and, increasingly, middle-income nations.
103-1c: Any specific limitation regarding the Boundary of the topic - This response does not cover activities of the other three agencies of the World Bank
Group: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment
Disputes (ICSID). Some references to the World Bank Group have been made in this report as appropriate.
103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments; iii. Goals
and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs and initiatives
- The Bank has established two goals to galvanize international and national development efforts: to end extreme poverty (i.e., reducing the share of the global
population living in extreme poverty to 3 percent by the year 2030) and to promote shared prosperity (i.e., increasing the income of the bottom 40 percent of the
population). Both goals must be met in a sustainable manner.
The World Bank Corporate Scorecard is designed to provide a snapshot of the Bank’s overall performance in the context of development results. It facilitates strategic
dialogue between Bank management and its Board of Executive Directors on progress made and areas that need attention. Aspects of financial sustainability are
measured under the Scorecard’s Tier III, which reviews the overall success of Bank activities in achieving development goals and examines the effectiveness of Bank
operations, including the performance of its lending portfolio. For more information on the Corporate Scorecard, see http://scorecard.worldbank.org.
The World Bank Group has established its Climate Change Action Plan for 2016-2020 in April 2016. The Climate Change Action Plan serves as a guiding document
on climate action and lays out ambitious climate change related targets and commitments to meet challenges and opportunities from climate change by supporting
transformative policies and institutions, scaling up sectoral climate actions, integrating climate change across its operations, and working more closely with others.
IDA18 includes climate-related policy commitments on deepening mainstreaming by increasing climate focus through strategic programming and project design,
supporting efforts towards achieving Sustainable Energy for All objectives, and monitoring and reporting on IDA resources used and private finance mobilized for
climate change. Performance against these commitments is reported quarterly at a meeting chaired by the Chief Executive Officer.

23
 201-1 Direct economic
value generated and
distributed
ECONOMIC DISCLOSURES • Economic Performance
24 World Bank GRI Index 2018
In fiscal year 2018, IBRD’s net revenues totaled $2.19 billion (versus $1.98 billion in 2017 and $1.89 billion in 2016), and IDA’s
net revenues were $1.07 billion (versus $1.32 billion in 2017 and $1.93 billion in 2016).
Sources of revenue include net revenue from loans, net revenue from IBRD’s Equity Management, revenue from investments
trading, and transfers from affiliated organizations. The financial performance of IBRD reflects the impact from the measures put in
place in previous years to increase its financial capacity and ensure its long-term financial sustainability.
In fiscal year 2018, IBRD’s administrative expenses were $1.13 billion (versus $1.18 billion in 2017 and $1.30 billion in 2016), and IDA’s
administrative and development grant expenses for fiscal year 2017 were $6.47 billion (versus $4.09 billion in 2017 and $2.41 billion in
2016). Significant progress has been made to ensure budget spending discipline and efficiency, which has resulted in an improvement in
the budget anchor (an efficiency measure that shows net administrative expenses as a percentage of loan spread revenue).
To better understand the business models of each entity, please see the IBRD Management’s Discussion & Analysis (MD&A) and
the IDA MD&A. See Financial Statements, http://www.worldbank.org/financialresults.
201-2 Financial Climate change is already affecting countries and communities around the world, and the poorest and most vulnerable are being
implications and other hit the hardest.
risks and opportunities
due to climate change
The World Bank Group has committed to increase its climate financing to 28 percent of the Bank Group’s portfolio by 2020, in
response to client demand. To meet this commitment, the organization adopted the Climate Change Action Plan that lays out
ambitious targets to be met by 2020 in such areas as clean energy, climate-smart agriculture, disaster risk management, and
sustainable urbanization, including helping client countries add 30 gigawatts of renewable energy, put in place early warning

ECONOMIC DISCLOSURES • Economic Performance

systems for 100 million people, and develop climate-smart agriculture investment plans for at least 40 countries.
The World Bank Group is on track to meet or exceed the key objectives of the Climate Change Action Plan.
• In fiscal year 2018, $20.5 billion, or 32 percent, of total commitments to activities with climate co-benefits had been made, an
increase from $10.8 billion, or 18 percent, of total commitments in 2016.
• Increased financing for climate action has driven strong results, including generating or integrating 18 gigawatts of additional
renewable energy into electricity grids, and mobilizing over $10 billion in commercial finance for clean energy.
• The World Bank has provided 38 million people in 18 countries with access to reliable climate information and early warning
systems to deal with more frequent and intense natural disasters such as floods and hurricanes.
• Country Forest Notes have been developed for seven countries, while 22 climate-smart agriculture profiles or investment plans
have been completed for 20 countries, seeking to maximize finance for climate-resilient and low-carbon development in the sector.
• Through tracking of climate co-benefits, screening of climate and disaster risks, and applying greenhouse gas (GHG)
accounting to operations in key sectors, climate change is being mainstreamed throughout the institution.
• At the One Planet Summit in December 2017, the World Bank Group made the announcement that it will no longer finance
upstream oil and gas after 2019 and ramp up climate ambition by announcing new commitments and targets beyond 2020 at
the COP24 in Poland in 2018.
For details on climate-related projects, see http://www.worldbank.org/climatechange.
Progress against the financing target are tracked in the World Bank Group’s Corporate Scorecards, in which annual climate-related
commitments are tracked by measuring the share of climate-related financing in total commitments, see http://scorecard.
worldbank.org.
Risks and opportunities and the subsequent implications of the Bank’s activities due to climate change are reported through the
Climate Disclosure Project. For the complete report, see www.cdp.net.

25
 201-3 Defined benefit
plan obligations and
other retirement plans
ECONOMIC DISCLOSURES • Economic Performance
26 World Bank GRI Index 2018
201-3a-b: If the plan’s liabilities are met by the organization’s general resources, the estimated value of those liabilities.
The World Bank offers its staff defined benefit plans. Participation in the pension plan is mandatory. The Staff Retirement Plan
(pension) and Retired Staff Benefits Plan (medical) assets are held in separate irrevocable trusts, and the Post Employment Benefit
Plan assets (other benefits) are included in IBRD’s investment portfolio. The assets of the plans are used for the exclusive benefit of
the participants and their beneficiaries, and represent the accumulated contributions paid into the plans net of benefit payments,
together with the accumulated value of investment earnings, net of related expenses.
As of June 30, 2018, the value of accrued pension liabilities for IBRD/IDA was $18.4 billion, supported by assets of $18 billion
held in a trust. The funded ratio (assets over liabilities) was 97.5 percent.
201-3c: If a fund set up to pay the plan’s pension liabilities is not fully covered, explain the strategy, if any, adopted
by the employer to work towards full coverage, and the timescale, if any, by which the employer hopes to achieve full
coverage.
Assets are evaluated at their fair value, and liabilities are measured as the Projected Benefit Obligation, discounted with high-
quality corporate bond rates. The two amounts are estimated in full compliance with the U.S. accounting standards (ASC 715).
201-3d: Percentage of salary contributed by employee or employer.
The World Bank’s contribution to the pension plan is based on a specified funding methodology and varies from year to year in
response to changes in the plan’s financial position. Employees participating in the gross plan (closed plan) contribute 7 percent
of the pensionable gross salary. Employees in the net plan (open to new entrants) contribute 5 percent of their net salary to the
mandatory cash balance component. Participants in the net plan may choose to contribute up to an additional 6 percent of their
net salary to the cash balance.
Disclosure 201-3e: Level of participation in retirement plans, such as participation in mandatory or voluntary schemes,
regional, or country-based schemes, or those with financial impact.
The participation in the pension plan is mandatory for staff members of the World Bank Group.
201-4 Financial World Bank member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at
assistance received from the World Bank. Generally, the governors are member countries’ ministers of finance or ministers of development. They meet once
government a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund. The
governors delegate specific duties to 25 Executive Directors, who work onsite at the Bank. The five largest shareholders appoint
an Executive Director, while other member countries are represented by elected Executive Directors.

ECONOMIC DISCLOSURES • Indirect Economic Impacts

Member contributions: IBRD has a diversified shareholder base that supports IBRD’s financial strength through both paid-in
and callable capital. Callable capital may be called only when required to meet obligations of IBRD for funds borrowed or on
loans guaranteed by it. For capital contributed by a member country, see Financial Statements, http://www.worldbank.org/
financialresults.
Trust funds: Generally accounted for separately from the Bank’s own resources, trust funds are financial and administrative
arrangements with external donors that lead to grant funding of high-priority development needs, such as technical assistance,
advisory services, debt relief, post-conflict transition, and co-financing.
Taxes: As an organization established by international treaty, the World Bank receives tax-exempt status from its member countries.

GRI 203: INDIRECT ECONOMIC IMPACTS

Disclosure 103-1a: An explanation of why the topic(s) is/are material - The World Bank is an important source of financial resources and technical
assistance for developing countries around the world. It is not a bank in the ordinary sense, but a unique partnership formed to reduce poverty and support
economic development.
The World Bank supports a wide array of critical investments in such areas as education, health, public administration and institutional development, infrastructure,
financial and private sector development, agriculture, and environmental and natural resource management, among others. These investments are aimed to help
countries to grow their economies inclusively and sustainably; to build the human capital needed to help people seize economic opportunity; and to ensure that
countries remain resilient in the face of global shocks or threats that could undermine progress in eliminating poverty.
Stakeholders—including the Bank’s member countries, investors, and partners from across civil society as well as the private sector, among others—recognize
development as a key impact of the Bank’s business.
Disclosure 103-1b: The Boundary for the material topic(s) - This topic applies to the World Bank’s operational impact.
Disclosure 103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii.
Commitments; iii. Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects,
programs and initiatives - When the World Bank provides governments with financing to invest in projects, it aims to ensure that people and the environment
are protected from potentially adverse impacts. The Bank follows policies that identify, avoid, and minimize harm to people and the environment. These policies
require the borrowing governments to address certain environmental and social risks in order to receive World Bank support for investment projects.

27
 The current environmental and social policies of the Bank are known as the Safeguard Policies, the mechanism for addressing environmental and social issues in
Bank-supported project design, implementation, and operation. They provide a framework for consultation with communities and for public disclosure. In August
2016, the World Bank updated its Safeguard Policies with the Environmental and Social Framework (ESF). All investment projects approved after October 1, 2018
will abide by the new ESF policies. The ESF will incrementally replace the Safeguard Policies; the two will operate in parallel for about seven years to govern projects
approved before and after the date the ESF starts to be applied.
ECONOMIC DISCLOSURES • Indirect Economic Impacts

For more information, see http://www.worldbank.org/en/projects-operations/environmental-and-social-policies and http://www.worldbank.org/en/

projects-operations/environmental-and-social-framework.
Disclosure 103-3a: An explanation of how the organization evaluates the management approach(s) - The World Bank holds itself accountable to its
clients and shareholders through institutional mechanisms that monitor operational performance. These include the World Bank Corporate Scorecard, the IDA
Results Measurement System, and regular opportunities to discuss progress on operations with the Bank’s Executive Directors. The Bank also benefits from the
expertise of key units within and independent of the institution. The Independent Evaluation Group (IEG) aims to strengthen the World Bank Group’s development
effectiveness through evaluations that assess results and performance and recommends improvements. IEG’s evaluations contribute to accountability and learning
and inform the World Bank Group’s new directions, policies and procedures, and country partnership frameworks. IEG’s annual Results and Performance of the World
Bank Group report assesses the Bank Group’s efforts to mainstream environmental sustainability in its country- and project-level work.
For information on the World Bank Corporate Scorecard: http://scorecard.worldbank.org.
For information on IDA results: http://ida.worldbank.org/results.
For information on Independent Evaluation Group and links to IEG’s publicly available reports: http://ieg.worldbank.org.

203-1 Infrastructure
investments and services
supported
203-1a: Extent of development of significant infrastructure investments and services supported.
Infrastructure development in sectors such as energy, transport, and information and digital technology is critical to accelerating
economic growth, helping build human capital, and reducing poverty. The World Bank supports governments through analysis
and advice, financial instruments, convening power, and by providing a solid evidence base to help them make informed decisions
about improving the accessibility and quality of infrastructure services. This includes, where appropriate, utilizing public-private
partnerships and other means to leverage private sector financing and expertise.
• For more information on infrastructure projects financed by the World Bank in fiscal year 2018, see the World Bank Annual
Report 2018, www.worldbank.org/annualreport.
• For information on public-private partnerships, see: http://www.worldbank.org/en/topic/publicprivatepartnerships.
• For information on energy, see: http://www.worldbank.org/en/topic/energy.
• For information on extractive industries, see: http://www.worldbank.org/en/topic/extractiveindustries.
• For information on transport, see: http://www.worldbank.org/en/topic/transport.
• For information on digital technology, see: http://www.worldbank.org/en/topic/digitaldevelopment.

28 World Bank GRI Index 2018

203-1 Infrastructure 203-1b: Current or expected impacts on communities and local economies, including positive and negative
investments and services impacts where relevant.
supported
Building modern, sustainable, and reliable infrastructure is critical for meeting the rising aspirations of billions of people around
(continued) the globe. A significant increase in infrastructure investments in developing countries is needed to achieve poverty reduction
and shared prosperity, reach the Sustainable Development Goals, and tackle climate change. To meet these goals, infrastructure

ECONOMIC DISCLOSURES • Indirect Economic Impacts

projects must follow rigorous environmental and social standards, and be fiscally sustainable.
203-1c: Whether these investments and services are commercial, in-kind, or pro bono engagements.
World Bank investment project financing is focused on the long term (five- to ten-year horizon) and supports a wide range of
activities, including capital-intensive investments, service delivery, credit and grant delivery, and institution building. Through its
high-quality rating in the capital markets, the World Bank is able to raise funds at favorable market terms and pass the savings on
to its borrowing members. The Bank’s investment project financing not only supplies borrowing countries with needed financing,
but also serves as a vehicle for sustained, global knowledge transfer and technical assistance. This includes support to analytical
and design work in the conceptual stages of project preparation, technical support and expertise (including in the areas of project
management and fiduciary and safeguards activities) during implementation, and institution building throughout the project.
For more information on World Bank products and services, see: http://www.worldbank.org/en/projects-operations/
products-and-services.

29
 203-2 Significant indirect
economic impacts
ECONOMIC DISCLOSURES • Indirect Economic Impacts
30 World Bank GRI Index 2018
203-2a: Examples of significant identified indirect economic impacts of the organization, including positive and
negative impacts.
The World Bank helps policymakers reach well-informed, evidence-based decisions that promote equity and inclusion, sustainable
macroeconomics, public sector transparency and efficiency, productivity, and financial sector deepening and stability—all
foundational elements for reducing poverty and promoting inclusive, sustainable economic growth. The Bank pursues its principal
goals by providing loans, expertise on development-related disciplines, and risk management products, and by coordinating
responses to regional and global challenges. The Bank’s financial resources are significant and equally valuable is its knowledge.
The Bank’s scale, range, and diversity lie at the core of its specialized role as a key contributor to global development knowledge.
For a breakdown of the Bank’s fiscal year 2018 portfolio commitments by theme, sector, and region, see “Deploying Resources
Strategically” in the World Bank Annual Report 2018: www.worldbank.org/annualreport.
See the Corporate Scorecard for the Bank’s overall performance in the context of development results: http://scorecard.
worldbank.org.
203-2b: Significance of the indirect economic impacts in the context of external benchmarks and stakeholder
priorities, such as national and international standards, protocols, and policy agendas.
The United Nations Sustainable Development Goals (SDGs), adopted in 2015, are 17 targets in areas such as health, gender,
jobs, and poverty reduction that are part of a comprehensive global agenda to end poverty in a single generation. The SDGs
were formulated with strong participation from the World Bank and are fully consistent with the Bank’s own twin goals to end
poverty and build shared prosperity in a sustainable manner. The World Bank helps catalyze the SDGs and the rest of the 2030
agenda through thought leadership, global convening, and country-level uptake. It is working with client countries to deliver on
the 2030 agenda through three critical areas—finance, data, and implementation—and by supporting country-led and country-
owned policies to attain the SDGs. Global efforts around the SDGs will guide the World Bank’s partnership efforts, especially with
institutions of the United Nations, through 2030.
For more information on the World Bank and the Sustainable Development Goals, see: http://www.worldbank.org/en/
programs/sdgs-2030-agenda.
 GRI 204: PROCUREMENT PRACTICES
103-1a: An explanation of why the topic is material - Corporate Procurement: The World Bank’s supply chain impacts are potentially the largest of its
sustainability effects, with annual purchasing of the Bank topping $1.6 billion. Supply chain was also identified as a key impact area by stakeholders, including
Sustainable & Impact investors.
Operational Procurement: Through Investment Project Financing, the World Bank finances between $15 billion to $24 billion worth of Operations Procurements
annually, in over 130 borrowing countries. This creates a material contribution to global development outcomes.

ECONOMIC DISCLOSURES • Procurement Practices

103-1b: The Boundary for the material topic(s) - This topic is material to both the World Bank’s corporate and operational boundaries.
103-1c: Any specific limitation regarding the Boundary of the topic(s) - Corporate Procurement: In certain cases, management of the impacts by tier 2
suppliers, and those further down the supply chain, may not be feasible due to unavailable information. The Bank will continue to work with prime suppliers of
major contracts to reduce the impacts of their supply chains.
103-2a: An explanation of how the organization manages the topic(s) - Corporate Procurement: The World Bank Group Corporate Procurement unit
is responsible for coordinating and overseeing the sourcing strategy, selection, and contract execution for Bank offices around the globe, including adherence to
the Bank’s policies on socially and environmentally-responsible corporate procurement policies. For lower-value procurement in country offices, responsibility for
purchases sits with the country office management, with oversight provided by the corporate procurement unit. Around 60 percent of purchases of goods and
services occurs in the World Bank Group’s headquarters, in Washington, DC, with the other 40 percent divided among the World Bank Group’s country offices.
Many of the impacts from the procurement of goods and services are not directly caused by the World Bank Group but occur as a result of the Bank Group’s
business relationship with suppliers. To mitigate potential impacts, the Bank Group identifies major impacts in each purchasing category, and uses mandatory
specifications, evaluation criteria, and contract management to reduce the indirect impact of goods and services delivered to the Bank Group. Major corporate
material purchases (including office construction and renovations, paper, computers, and furniture) are made with environmental life-cycle assessments in mind and
incorporate mandatory environmental specifications as well as evaluation criteria to reward sustainability best practice.
A sustainability framework for corporate procurement is under development to manage the sustainability impacts of Bank Group purchases. Portions of
the framework are already being applied—major purchases with contract values over $1 million must address the sustainability impacts of the purchase in
presentations to governance committees comprised of senior management.
Operational Procurement: Operations Procurements arise from the implementation of international development projects financed by the World Bank. Finance is
provided to Borrowers (Bank clients) through Investment Project Financing (IPF). In Operations Procurement the Borrower is the Buyer, not the Bank. However, the
Borrower is required to follow the Bank’s Operations Procurement rules when tendering, letting, and implementing these contracts. These rules are split into two
types: the Bank’s previous Procurement Guidelines (for Goods, Works and Non-Consulting Services) and Consultant Guidelines (for the selection and employment of
Consultants) and the new Procurement Framework (introduced July 1, 2016).
Operations Procurement opportunities are overseen by the World Bank, mainly through the Bank’s regional teams, or its global practice units. As projects arise they
are allocated to a Task Leader (TL), usually based in the country that is responsible for implementing the project. In fulfilling this function, the Bank takes a risk-
based approach. The main types of Operations Procurements financed by the Bank include:

31
 • Highly complex infrastructure, e.g., railways, power stations, water treatment plants;
• Consultancy services, e.g., engineering design and supervision, tax collection advice, research and development;
• Major plant and equipment, e.g., generators, wind turbines, pumps, rail stock;
• Information technology, e.g., computers, mobile phone networks;
• Non-consulting services, e.g., aerial surveying, cartography, site investigations; and
ECONOMIC DISCLOSURES • Procurement Practices

• Critical supplies, e.g., emergency medical supplies, shelters, food.

Social and Environmental Policies − When the Bank provides governments with financing to invest in projects-such as building a road, connecting people to
electricity, or treating waste water - it aims to ensure that the people and the environment are protected from potential adverse impacts. The Bank does this through
policies that identify, avoid, and minimize harm to people and the environment. These policies require the borrowing governments to address certain environmental
and social risks in order to receive World Bank support for investment projects.
Safeguard Policies − The current environmental and social policies of the Bank are known as the Safeguard Policies, the mechanism for addressing environmental
and social issues in Bank-supported project design, implementation, and operation. The policies provide a framework for consultation with communities and for
public disclosure. Examples of these requirements include conducting environmental and social impact assessments, consulting with affected communities about
potential project impacts, and restoring the livelihoods of displaced people.
Environmental and Social Framework − In August 2016, the World Bank adopted a new set of environment and social policies called the Environmental and Social
Framework (ESF). Preparations to implement the ESF are underway, with plans for launch on October 1, 2018. The ESF will incrementally replace the Safeguard
Policies; the two will operate in parallel for about seven years to govern projects approved before and after the date the ESF starts to be applied.
103-2b: A statement of the purpose of the management approach for each topic - Corporate Procurement: The purpose of the management approach
for corporate procurement practices is to enhance positive impacts of the World Bank’s purchases where possible, and to avoid and then mitigate negative impacts
where required.
Operational Procurement: Procurement in Investment Project Financing operations supports borrowers in achieving value for money with integrity in delivering
sustainable development.
103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments; iii.
Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs and
initiatives - Corporate Procurement: In April 2018, the World Bank Group publicly committed to double its procurement with women-owned businesses providing
services to the Bank’s global offices by 2023. Responsibility for designing the sustainability framework falls with the corporate procurement unit. Responsibility for
ensuring major purchases address sustainability impacts falls with either the Corporate Procurement Committee (for purchases more than $1 million and less than
$5 million) or the World Bank Group Procurement Committee (for purchases more than $5 million).
The Corporate Procurement unit has assigned a Sustainability Manager to help design and implement the sustainability framework and work with corporate
procurement as well as internal business clients to mainstream these efforts into the corporate procurement process.
Operational Procurement: Operations Procurement is controlled through the World Bank’s Procurement Framework (and other Operations policies including the
Bank’s Environmental and Social Policies through the legal agreement for the Loan):

32 World Bank GRI Index 2018

• Procurement policy for Investment Project Financing (IPF) and other operational matters;
• Procurement directive;
• Procurement procedure;
• Procurement regulations for IPF borrowers; and
• Guidance, including a specific guide on sustainable procurement.

ECONOMIC DISCLOSURES • Procurement Practices

Project specific commitments, goals, and targets are set and agreed on by the borrower and the Bank (reflecting requirements of Bank Operations policies).
Operations Procurement responsibilities are defined in the Bank’s Procurement directive. For specific projects, Operations Procurement is overseen by the World
Bank, mainly through the Bank’s regional teams, or its global practice units. As projects arise, they are allocated to a Task Team Leader, usually based in the country
that is responsible for implementing the project. The Task Team Leader is supported by a Task Team comprising subject matter experts including procurement
specialists, environmental specialists, social specialists, etc.
Operations Procurement grievance mechanisms are explained in the Bank’s guide, “Procurement-Related Complaints.” For integrity matters, the process is governed
by the Bank’s sanctions framework and anti-corruption guidelines.
Specific actions include enhancements to the Bank’s Operations Procurement standard bidding documents to include additional criteria on Environmental, Health &
Safety, and Social matters, including, among others, enhancements to the prevention of gender-based violence. The Bank has also provided seminars and webinars
on Environmental, Health & Safety, and Social matters, and on October 1, 2018, the Bank will launch its new Environmental and Social Framework including, among
others, assessment and management of environmental and social risks and impacts, labor and working conditions, resource efficiency, and pollution prevention and
management.
103-3a: An explanation of how the organization evaluates the management approach(s) - Corporate Procurement: Corporate Procurement partnered
with Facilities Management in reviewing main categories to align the Bank’s sourcing strategy, selection, and contract execution with those of leading companies
working to minimize environmental impact. Assessments of major corporate material purchases (including office construction and renovations, paper, computers,
and furniture) are being conducted to strengthen and mandate environmental specifications. The World Bank Group Procurement Committee of senior managers
reviews all planned procurement valued above $5 million to ensure that socially and environmentally responsible criteria are present from the project’s outset.
Operational Procurement: All Operations Procurements are subject to assurance mechanisms to ensure that Bank Operations policies have been met. This is applied
using a risk-based approach.
Higher risk and/or value operations procurements are subject to prior review at key stages of the procurement process by accredited Bank specialists who verify
compliance. These procurements may only progress to the next process stage once a clearance has been given by an accredited Bank specialist and the Task Team
Leader has issued a “no objection.” For procurements not subject to prior review (lower risk and/or value), a post review is undertaken; this is an ex-ante review
undertaken on a minimum 10 percent sampling basis (see Procurement Procedure).
Very high value and/or risk procurements are also overseen by the Bank’s Operations Procurement Review Committee (OPRC; see Procurement Procedure), chaired
by the Bank’s Operations Chief Procurement Officer. This committee reviews all complex procurements at key stages on a prior review basis.
Operations Procurement practices are also audited by the Bank’s Internal Audit Department (IAD) and by the Bank’s external auditors. The Bank’s Independent
Evaluation Group (IEG) also periodically reviews Operations Procurement’s performance.

33
 204-1 Proportion of
spending on local
suppliers
ECONOMIC DISCLOSURES • Procurement Practices
34 World Bank GRI Index 2018
204-1a: Percentage of the procurement budget used for significant locations of operation that is spent on
suppliers local to that operation (such as percentage of products and services purchased locally).
Corporate Procurement: The World Bank Group is refining its approach to local vendor screening, leveraging the newly established
category management and electronic tendering system. Commodity segmentation has been completed, and the identification and
inclusion of local criteria in the screening and evaluation process is under way. A new eProcurement system capable of tracking
spend with local suppliers will begin to be implemented in late 2018 and will be reported on in future publications.
Operations Procurement: Seventy-seven percent of Operations Procurement was from suppliers registered in borrower countries in
fiscal year 2018, totaling $7,414 million out of $9,588 million.
204-1b: The organization’s geographical definition of ‘local’.
Corporate Procurement: The World Bank currently uses in-country vendors as the definition of “local.” If the office address for the
vendor in the Bank system is in the country where the service occurs, then it is considered local and the assumption is made that
it is employing and conducting business locally.
Operations Procurement: “Local” is defined as a procurement supplied by a supplier registered in the borrower country.
204-1c: The definition used for ‘significant locations of operation’.
Corporate Procurement: For the Bank’s corporate procurement, significant locations of operation include World Bank offices
located in Washington, DC as well as field offices with occupancy of more than 100 employees.
Operations Procurement: Significant locations are defined as any country that borrows Investment Project Financing from the
World Bank.
 GRI 205: ANTI-CORRUPTION
103-1a: An explanation of why the topic(s) is/are material - The World Bank Group considers corruption a major challenge to its twin goals of ending
extreme poverty by 2030 and boosting shared prosperity for the poorest 40 percent of people in developing countries. In addition, reducing corruption is at the
heart of the Sustainable Development Goals and achieving the ambitious targets set for Financing for Development. It is a priority for the World Bank Group and
many of its partners. The World Bank Group has included Governance and Institutions as a theme in IDA18 in order to focus global attention on the issue.
World Bank Group operations across sectors systematically incorporate governance and anticorruption measures into project design. The objective is to avoid/
mitigate corruption and fiduciary risks and ensure that development funds are used for their intended purposes.

ECONOMIC DISCLOSURES • Anti-Corruption

Following the global Anti-Corruption Summit in May 2016, the World Bank Group reaffirmed its commitment to confront corruption as a core development issue
wherever it exists and to support integrity in public sector institutions. The World Bank Group also agreed to:
• Build the capacity of country clients to deliver on their commitments to enhance transparency and reduce corruption;
• Enhance its support for implementation of anti-money laundering requirements and for the recovery of stolen assets; and
• Extend its work on tax reform, illicit financial flows, procurement reform, and preventing corrupt companies from winning public contracts.
The World Bank Group participates in a number of collective action initiatives at the regional and global levels, including:
• Leadership in creating international transparency standards (Global Initiative on Financial Transparency, Open Contracting Standard, Asset Disclosure Standards),
and support for the implementation of open government (through support for the Open Government Partnership);
• Active assistance in the implementation of transparency and accountability efforts such as the Extractive Industries Transparency Initiative, Publish What You Pay,
Fisheries Transparency, and Anti-Money Laundering rules;
• Engagement and active support for international alliances and regional anti-corruption forums, such as the International Corruption Hunters Alliance and Latin
America Regional Parliamentary Network; and
• Engagement in international fora on anti-corruption, including the G20 Anti-Corruption Working Group, the Financial Accountability Task Force, and the OECD
Anti-Corruption Task Team.
103-1b: The Boundary for the material topic(s) - This topic is material within the Bank’s operational boundary.
103-2a: An explanation of how the organization manages the topic(s) - The Integrity Vice Presidency (INT) investigates and pursues sanctions related to
allegations of fraud and corruption in World Bank Group-financed projects. INT supports the main business units of the World Bank Group and external stakeholders,
mitigating fraud and corruption risks through sharing investigative findings, advice, prevention, and outreach efforts. See www.worldbank.org/integrity.
The Ethics and Business Conduct Department (EBC) helps staff assess whether their personal and professional activities are in compliance with Bank Group rules.
EBC actively helps staff identify whether their situations involve conflicts of interest that need to be addressed. More than 2,000 staff members undergo an annual
check-up of their personal, financial, and business interests so that the Bank Group can be protected from apparent and real conflicts through the Declaration of
Interests program that EBC manages.
The World Bank Group’s Governance Global Practice (GGP) provides financing, intellectual leadership, and a reservoir of global experience to help countries develop
practical reforms to address complex governance challenges. The GGP’s current strategic priorities focus on five key areas to help close implementation gaps:

35
 1. Strengthening public policy processes;
2. Promoting effective resource management;
3. Reinforcing public service delivery;
4. Strengthening the public-private interface; and
5. Understanding the underlying drivers and enablers of policy effectiveness.
See www.worldbank.org/anticorruption.
103-2c : A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments; iii.
ECONOMIC DISCLOSURES • Anti-Corruption

Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs and
initiatives - Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants (revised as of July
1, 2016) were designed to prevent and combat Fraud and Corruption. Fraud and corruption may occur in connection with the use of the proceeds of financing from
IBRD or IDA during the preparation and implementation of projects supported by Investment Project Financing (IPF). The guidelines set out the general principles,
requirements, and sanctions applicable to persons and entities that receive, are responsible for the deposit or transfer of, or take or influence decisions regarding
the use of such proceeds. See https://policies.worldbank.org/sites/ppf3/PPFDocuments/40394039anti-corruption%20guidelines%20(as%20
revised%20as%20of%20july%201,%202016).pdf

205-1 Operations 205-1a: Total number and percentage of operations assessed for risks related to corruption.
assessed for risks related
INT assesses and investigates allegations of corruption involving World Bank Group financing. In fiscal year 2018, INT opened
to corruption
68 external investigations into possible corruption, fraud, collusion, coercion, and obstruction in 67 World Bank Group-financed
projects in 39 countries. The investigations substantiated in the fiscal year involved 44 projects and included the review of 230
contracts, totaling approximately $1.45 billion.
205-1b: Significant risks related to corruption identified through the risk assessment.
Keeping staff who work on projects attuned to risks arising from investigations and forensic audits is critical to ensuring that
high-risk operations, in particular, are able to deliver results. As of the end of fiscal year 2018, INT had identified 390 World Bank
Group-financed projects as being exposed to specific integrity risks. The projects were identified on the basis of specific criteria,
including relevant ongoing and recently substantiated investigations, and the existence of multiple credible complaints. INT alerted
the relevant project teams so that the risks could be addressed through strengthened project design or supervision.

36 World Bank GRI Index 2018

205-2 Communication 205-2a: Total number and percentage of governance body members that the organization’s anti-corruption
and training about anti- policies and procedures have been communicated to, broken down by region.
corruption policies and
procedures
INT provides all new Executive Directors of the Board and their Advisors with an overview of INT’s mandate, structure, and case
portfolio, and highlights relevant issues during the Board Induction program. The Audit Committee of the Board, made up of
eight Executive Directors, is briefed in more detail on a quarterly basis on these same activities. 15 Advisors to Executive Directors
attended INT’s Integrity Clinic in fiscal year 2018. This clinic raises awareness about how corruption can impact World Bank
Group-financed projects so that Board members are better able to assess projects before approving them.

ECONOMIC DISCLOSURES • Anti-Corruption

205-2b: Total number and percentage of employees that the organization’s anti-corruption policies and
procedures have been communicated to, broken down by employee category and region.
All new employees receive an overview of relevant staff rules and how to report suspected corruption issues. INT-organized
training for 1,650 staff and clients on topics such as forensic auditing, integrity due diligence, and spotting indicators of
corruption in fiscal year 2018. The Operations Policy and Country Services (OPCS) Governance and Anti-Corruption-in-Operations
community of practice (300 staff) also fosters outreach and training to World Bank Group staff on corruption risks at a project’s
level. In 2018, INT developed an e-learning course on dealing with fraud and corruption that will be mandatory for all World Bank
staff.
205-2c: Total number and percentage of business partners that the organization’s anti-corruption policies and
procedures have been communicated to, broken down by type of business partner and region. Describe if
the organization’s anti-corruption policies and procedures have been communicated to any other persons or
organizations.
The World Bank Group harmonized investigative procedures and definitions of sanctionable practices (including corruption) with the
African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, and the Inter-
American Development Bank. Firms and individuals who are blacklisted by the World Bank Group must meet specific conditions,
such as establishing and implementing an effective corporate compliance program or improving an existing program before they
are again eligible to bid on World Bank Group-funded projects. These conditions are based on the Integrity Compliance Guidelines.
At the end of fiscal year 2018, 328 entities had been sanctioned with such conditions. In fiscal year 2018, the Integrity Compliance
Office notified 59 newly debarred entities of their conditions for release, and 15 entities met their conditions for release. For
more information on the Integrity Compliance Guidelines, see http://pubdocs.worldbank.org/en/489491449169632718/
Integrity-Compliance-Guidelines-2-1-11.pdf.

37
 205-3 Confirmed 205-3a: Total number and nature of confirmed incidents of corruption.
incidents of corruption
Seventeen of 47 substantiated cases in fiscal year 2018 involved corruption by firms or individuals working on Bank Group-
and actions taken
funded projects.
205-3b: Total number of confirmed incidents in which employees were dismissed or disciplined for corruption.
In fiscal year 2018, one staff member’s employment was terminated for issues related to multiple conflicts of interest and abuse of
position, leading to misuse of Bank Group funds.
205-3c: Total number of confirmed incidents when contracts with business partners were terminated or not
ECONOMIC DISCLOSURES • Anti-Corruption

renewed due to violations related to corruption.

No corporate vendors were debarred in fiscal year 2018.
205-3d: Public legal cases regarding corruption brought against the organization or its employees during the
reporting period and the outcomes of such cases.
No corruption cases were brought against the World Bank Group or its employees in fiscal year 2018.

38 World Bank GRI Index 2018

 ENVIRONMENTAL DISCLOSURES
GRI 301: MATERIALS
103-1a: An explanation of why the topic(s) is/are material - Key materials in World Bank corporate operations include office supplies and electronics
purchased to support the work of Bank staff globally. Reducing the environmental impact of these materials by minimizing consumption and maximizing the use of
recycled content and rapidly renewable choices ensures resources are available for future generations. Stakeholders, which include Sustainable and Impact investors,
recognized that the materials used in the Bank’s internal operations and the associated supply chain practices are highly relevant to its business impact.

ENVIRONMENTAL DISCLOSURES • Materials

103-1b: The Boundary for the material topic(s) - This topic applies to the World Bank’s corporate impact boundary.
103-1c: Any specific limitation regarding the Boundary of the topic(s) - This response does not cover activities of the other three agencies of the World
Bank Group: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of
Investment Disputes (ICSID). Some references to the World Bank Group have been made in this report as appropriate.
103-2a: An explanation of how the organization manages the topic(s) - The World Bank identifies products and services with large environmental impacts
or those that it procures in large amounts. The Bank then works to identify environmentally and socially preferable alternatives. Quarterly reports from key suppliers
reflect the percentage of products that meet key environmental criteria, such as percentage of recycled content, environmental certifications including Energy Star
ratings and Forest Stewardship Council (FSC) certification, and other sustainable criteria. The Bank is currently assessing the approach to manage its material inputs
and associated supply chains and expect to have more to report in future years.

301-1 Materials used The World Bank does not use a large amount of materials to produce Materials Used (metric tons) FY18 FY17 FY16
by weight or volume or package products; materials input primarily support its office-
Total non-renewable materials 222 235 116
based environment. This includes the use of office supplies such as
paper, information technology equipment, and food-service-related Electronic equipment 36 43 13
consumables. Office products 86 97 103
In fiscal year 2018, the total amount of non-renewable materials used Bottled water 100 95 -
was 222 metric tons, including 36 tons of electronic equipment, 86 tons
Total renewable materials 563 595 505
of office products, and 100 tons of bottled water. In the same period, the
total amount of renewable material used was 563 tons, including 501 Paper 501 550 505
tons of paper and 62 tons of food-service-related consumables. Note that Food-service related consumables
in the table below, the Bank began tracking bottled water and food- (includes carry out containers, cups, 62 45 -
service related consumables in fiscal year 2017. A phase out of plastic cutlery and napkins)
bottles at the Bank’s headquarters is underway in fiscal year 2019.

39
 301-2 Recycled input The World Bank is committed to using resources that are made from recycled or rapidly renewable materials for its internal operations.
materials used The largest material purchases include paper, office supplies, office furniture, cafeteria napkins, and electronics.
Paper: World Bank standard copier and printer paper is 100 percent post-consumer waste recycled content and FSC-certified. The Bank
tracks the percentage of all paper used at the institution that was made of recycled content. In fiscal year 2018, 50 percent of paper
used was made from 100 percent post-consumer waste recycled content, while 46 percent consisted of 10 to 85 percent recycled
content and four percent was virgin paper.
ENVIRONMENTAL DISCLOSURES • GRI 301: Materials

Office supply: The Bank also tracks the percentage by weight of all items purchased from its office supply vendor that contain at least
10 percent post-consumer recycled content. In fiscal year 2018, 17 percent of all purchases from the office supply vendor contained at
least 10 percent post-consumer recycled content, compared to 16 percent in fiscal year 2017.
Furniture: More than 40 percent of the Bank’s office furniture contains a minimum of 10 percent post-consumer recycled content, and
the majority of furniture in use at the World Bank has been refurbished or reupholstered.
Food Services: In the Bank’s food services, all cafeteria napkins are made from 100 percent post-consumer recycled paper and produced
with a 100 percent bleach-free process. In fiscal year 2018, the Bank purchased 4.66 tons of napkins.
Electronic purchasing: The Bank also uses sustainability criteria for its information technology purchases to ensure components of
computers, laptops, and monitors are made of recycled input materials. The percentage of recycled components in technology purchases
is not tracked.
GRI 302: ENERGY
103-1a: An explanation of why the topic(s) is/are material - Energy is a key input to the World Bank’s business operations. The purchase and use of energy
can have various impacts because of the extraction of materials from the earth’s crust and the production of persistent toxic emissions from the combustion of fuels.
Combustion of fossil fuels can result in severe health consequences and affects the expense-to-business revenue ratio. Stakeholders, which include Sustainable &
Impact investors, consider energy an important impact from the Bank’s internal business.
103-1b: The Boundary for the material topic(s) - This topic applies to the World Bank’s corporate impact boundary.
103-1c: Any specific limitation regarding the Boundary of the topic(s) - This response does not cover activities of the other three agencies of the World
Bank Group: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of
Investment Disputes (ICSID). Some references to the World Bank Group have been made in this report as appropriate.
103-2a: An explanation of how the organization manages the topic(s) - The World Bank manages its energy use carefully by tracking use in each owned
facility. Quarterly tracking of the Bank’s energy use is evaluated by the Director of Global Corporate Solutions. Energy use is evaluated as an absolute figure and on
an intensity basis to determine progress. Responsibility for increasing the energy efficiency of the Washington, DC, headquarters campus, with the goal of bringing
all owned facilities to Leadership in Energy and Environmental Design (LEED) minimum requirements, falls with the Senior Project Manager in the Bank’s Corporate
Real Estate unit.
Data from country offices lag by one year; therefore, fiscal year 2017 data (including that from headquarters) are presented in the 2018 GRI Index.

40 World Bank GRI Index 2018

302-1 Energy 302-1a: Total fuel consumption within the organization from non-renewable sources, in joules or multiples, and
consumption within including fuel types used.
the organization
The World Bank purchases natural gas, propane, gasoline, and diesel fuel for combustion onsite at its facilities globally as well as
gasoline and diesel fuel for owned vehicles. In fiscal year 2017, total global fuel use was 85,861 GJ, compared to 77,494 GJ in fiscal
year 2016, and 87,219 GJ in fiscal year 2015.
Onsite global fuel use (GJ) FY17 FY16 FY15
Total 85,861 77,494 87,219

ENVIRONMENTAL DISCLOSURES • Energy

302-1b: Total fuel consumption within the organization from renewable sources, in joules or multiples, and including
fuel types used.
Fuel consumption from renewable resources is not tracked, because data from fuel providers globally are not appropriately detailed.
302-1c: In joules, watt-hours or multiples, the total: i. electricity consumption; ii. heating consumption; iii. cooling
consumption; iv. steam consumption.
Electricity, cooling, and steam consumption is provided in the table. The World Bank does not have any purchased heating, such as
district heating, purchased for consumption. Data reported in last year’s GRI Index included heating generated through onsite fuel
consumption which is outside the reporting requirement and thus removed from this GRI disclosure.
Purchased Energy Consumption (GJ) FY17 FY16 FY15
Total 420,295 415,132 433,931
Electricity 414,418 409,209 429,622
Cooling 5 0 33
Steam 5,873 5,923 4,277

302-1d: In joules, watt-hours or multiples, the total: i. electricity sold; ii. heating sold; iii. cooling sold; iv. steam sold.
The World Bank does not sell any electricity, heating, cooling, or steam.
302-1e: Total energy consumption within the organization, in joules or multiples.
Total global energy use from onsite fuel use, vehicle fuel use, and purchased electricity, cooling, and steam, in fiscal year 2017 equaled
506,156 GJ, compared to 492,626 GJ in fiscal year 2016. Offices located in the U.S. used 316,337 GJ, compared to 325,712 GJ in fiscal
year 2016. In fiscal year 2017, data collected from the Bank’s 137 country office facilities outside of the U.S. totaled 189,819 GJ of
energy, compared to 166,914 GJ in fiscal year 2016.

41
 302-1a Energy Total Energy Consumption (GJ) FY17 FY16 FY15
consumption within
the organization World Bank Total Energy 506,156 492,626 521,150
U.S. facilities and vehicles 316,337 325,712 346,526
(continued)
Country office facilities and vehicles 189,819 166,915 174,624
Steam 5,873 5,923 4,277

302-1f: Standards, methodologies, assumptions, and/or calculation tools used.

ENVIRONMENTAL DISCLOSURES • Energy

Information about World Bank standards, methodologies, and assumptions used, including conversion factors, can be found in the
World Bank Group’s Inventory Management Plan for fiscal year 2017.
For more information, see: http://worldbank.org/corporateresponsibility.
302-2 Energy 302-2a: Energy consumption outside of the organization, in joules or multiples.
consumption outside
Energy consumption outside the organization includes fuel used in contractor-owned vehicles as well as commercial airlines used for
of the organization
employee business travel. Data from contractor vehicle use is provided below. Data for fuel use in commercial airliners are not available,
as this information is not provided by commercial airlines.
Total Energy Consumption (GJ) FY17 FY16 FY15
Contractor-owned vehicles 20,328 18,468 18,233

302-2b: Standards, methodologies, assumptions, and/or calculation tools used.

Information about World Bank standards, methodologies, and assumptions used, including conversion factors, are in the World Bank
Group’s Inventory Management Plan for fiscal year 2017.
For more information, see: http://www.worldbank.org/corporateresponsibility.

42 World Bank GRI Index 2018

302-3 Energy 302-3a: Energy intensity ratio for the organization.
intensity
Overall there was a slight increase in energy use in the Bank’s 137 global locations mainly due to increased reliance on on-site
generator fuel in the Bank’s Afghanistan office and increased electricity use in the London and Chennai offices.
Energy Intensity (GJ/m²) FY17 FY16 FY15
World Bank Energy Intensity (GJ/m²) 0.81 0.80 0.87
Total energy (GJ) 506,156 492,626 521,150
Total occupied square meters (m²) 624,568 612,247 596,562

ENVIRONMENTAL DISCLOSURES • Energy

302-3b: Organization-specific metric (the denominator) chosen to calculate the ratio.
This is based on 624,568 total occupied square meters in fiscal year 2017; 612,247 total square meters in fiscal year 2016; and
596,562 total square meters in fiscal year 2015.
302-3c: Types of energy included in the intensity ratio, whether fuel, electricity, heating, cooling, steam, or all.
This ratio includes all energy (onsite combustion fuel, mobile combustion fuel, electricity, cooling, and steam).
302-3d: Whether the ratio uses energy consumption within the organization, outside of it, or both.
The ratio includes only energy consumption within the organization.

43
 302-4 Reduction of 302-4a: Amount of reductions in energy consumption achieved as a direct result of conservation and efficiency
energy consumption initiatives, in joules or multiples.
In fiscal year 2018, the Bank undertook efficiency measures that reduced its energy consumption by 1,804 GJ, predominately through
reductions in electricity use. In the Bank’s non-U.S. offices, this included the following:
• Ethiopia, Nigeria, Lebanon, Sudan, and Bangladesh country offices upgraded to LED lights in their offices, with expected savings of
1,149 GJ per year.
• Ethiopia office installed solar water heaters and solar compound lights and installed soft starters, with expected savings of 84 GJ per year.
• Kenya office updated motors on the chillers and cooling tower, and installed 6.5 Kw of solar, with expected savings of 486 GJ per year.
ENVIRONMENTAL DISCLOSURES • Water

• Lebanon office installed solar security lighting throughout the compound and soft starters on chillers—expected energy savings not
calculated at time of report.
Reduction reporting is based on major initiatives taken in fiscal year 2018.
302-4b: Types of energy included in the reductions, whether fuel, electricity, heating, cooling, steam, or all.
The reductions are based mainly on electricity usage.
302-4c: Basis for calculating reductions in energy consumption, such as base year or baseline.
Reductions are calculated between fiscal years. The base year reduction in this case is fiscal year 2017.
302-4d: Standards, methodologies, assumptions, and/or calculation tools used.
Methodologies and assumptions for calculating reductions are specific to each initiative and are sourced from engineering proposals.
GRI 303: WATER
Disclosure 103-1a: An explanation of why the topic(s) is/are material - Water security is among the top global risks in terms of development impact. The
world will not be able to overcome the sustainable development challenges of the 21st century—including human development, livable cities, climate change, food
security, and energy security—without improving management of water resources and ensuring access to reliable water and sanitation services. Water was identified
as a key impact by stakeholders, including Sustainable & Impact Investors.
103-1b: The Boundary for the material topic(s) - This topic applies to the World Bank’s corporate impact boundary.
103-1c: Any specific limitation regarding the Boundary of the topic(s) - This response does not cover activities of the other three agencies of the World
Bank Group: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of
Investment Disputes (ICSID). Some references to the World Bank Group have been made in this report as appropriate.
103-2a: An explanation of how the organization manages the topic(s) - Quarterly evaluation of the use of water, like other utilities, is conducted by
the Director of Global Corporate Solutions. Water use is evaluated both as an absolute figure and on an intensity basis to determine progress. Responsibility for
increasing the water efficiency of the Washington, DC campus, with the goal of bringing all owned facilities to Leadership in Energy and Environmental Design
(LEED) minimum requirements, falls with the manager in the Bank’s Corporate Real Estate unit.

44 World Bank GRI Index 2018

303-3 Water 303-3a: Total water withdrawal from all areas in megaliters, and a breakdown of this total by source
withdrawal
Of the total 382.54 megaliters of water usage globally in fiscal year 2017, 187.12 megaliters of municipal water was used in the
Washington, DC offices, primarily for domestic and drinking water purposes. Offices outside the U.S. reported a total of 195.42
megaliters of water used.
Water Usage (megaliters) FY17 FY16 FY15
US facilities 187.1 193.7 0.87
Country office facilities 195.4 144.0 521,150

ENVIRONMENTAL DISCLOSURES • Emissions

In fiscal year 2017, 80 percent of the global portfolio and in 2016, 78 percent of the global portfolio reported water data. No
estimations are calculated for offices not reporting water usage. With an increased response rate each year it is expected that the total
global water usage will increase.
The Washington, DC offices use municipal water supply from the Potomac watershed. No surface water, groundwater, rainwater
collected by the organization, or wastewater from other organizations was used in the Washington, DC offices in fiscal year 2017.
The source of withdrawal is not available for offices outside of the US, as this information is not currently collected. The Bank is building
systems to collect this information.
Water use is based on utility bills from the local water utility, DC Water, in Washington, DC, and from utility bills or meters in those non-
U.S. offices that can report.
GRI 305: EMISSIONS
103-1a: An explanation of why the topic(s) is/are material - Addressing climate change is part of the World Bank’s core mission of helping countries end
extreme poverty and boost shared prosperity. Climate change threatens to erode development gains around the world—and its effects are greatest on the poorest
and most vulnerable countries, which are the World Bank’s clients.
103-1b: The Boundary for the material topic(s) - This topic applies to the World Bank’s corporate impact boundary.
103-1c: Any specific limitation regarding the Boundary of the topic(s) - This response does not cover activities of the other three agencies of the World
Bank Group: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of
Investment Disputes (ICSID). Some references to the World Bank Group have been made in this report as appropriate.
103-2a: An explanation of how the organization manages the topic(s) - As a demonstration of its corporate commitment to addressing climate change,
the Bank continues to deepen its efforts to measure, reduce, offset, and report its greenhouse gas (GHG) emissions associated with its global internal operations,
including its facilities, key meetings, and corporate air travel. The Bank has measured the GHG emissions from its facilities in Washington, DC since 2005 and globally
since 2007. Emissions are calculated in accordance with the World Resources Institute and World Business Council for Sustainable Development’s GHG Protocol,
with additional information on proxies, emissions factors, and the complete boundary available in the annually updated World Bank Group’s Inventory Management
Plan. A third party regularly verifies the Inventory Management Plan and the GHG inventory to ensure they meet international best practices.

45
 103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments; iii.
Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs and
initiatives - The World Bank surpassed its GHG emissions target of reducing facilities-based emissions by 10 percent between 2010–17 and aims to introduce a
new target in the coming year.
Data from country offices lag by one year; therefore, fiscal year 2017 data (including that from headquarters) are presented in the GRI Index 2018.
305-1 Direct 305-1a: Gross direct (Scope 1) GHG emissions in metric tons of CO2 equivalent.
(Scope 1) GHG
The World Bank measures direct GHG emissions for its internal operations based on site-specific data for facilities. Estimates are made
ENVIRONMENTAL DISCLOSURES • Emissions

emissions
for those facilities with missing data.
In fiscal year 2017, total gross direct (Scope 1) GHG emissions equaled 7,829 mtCO2e, of which 944 mtCO2e were emissions from the
Bank’s U.S. facilities. The remaining 6,885 mtCO2e stemmed from offices and vehicle use in the 137 offices providing data outside of
the U.S. base-year (fiscal year 2010) emissions equaled 5,826 mtCO2e. The increase in Scope 1 emissions was due to a slight increase in
generator use in country offices.
Scope 1 emissions (mtCO2e) FY 17 FY16 FY15 Base year FY10
World Bank total 7,829 6,970 7,972 5,826
U.S. facilities and vehicles 944 975 1,009 1,615
Country office facilities and vehicles 6,885 5,996 6,963 4,211

305-1b: Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all.
Gases included in the calculation are CO2, CH4, N2O, and HFCs. There are no known emissions of PFCs, SF6 or NF3, as detailed in the
World Bank Group’s Inventory Management Plan
305-1c: Biogenic CO2 emissions in metric tons of CO2 equivalent.
There are no biogenic CO2 emissions.
305-1d: Base year for the calculation, if applicable.
Base year for this calculation is fiscal year 2010 which began on July 1, 2009. Fiscal year 2010 was chosen as the base year because it
was the first year that confidence for data related to emissions from country offices was high.
305-1e-g: Standards, methodologies, assumptions, and/or calculation tools used.
Information on methodology, emissions factors, Global Warming Potential (GWP) rates, and consolidation approach are in the Inventory
Management Plan for fiscal year 2017. For more information, see http://www.worldbank.org/corporateresponsibility.

46 World Bank GRI Index 2018

305-2 Energy indirect 305-2a: Gross location-based energy indirect (Scope 2) GHG emissions in metric tons of CO2 equivalent.
(Scope 2) GHG
The World Bank measures indirect GHG emissions for its internal operations based on site-specific data for facilities. Estimates are made
emissions
for those facilities with missing data. In fiscal year 2017, Scope 2 emissions from the Bank’s global offices continued to decrease, to
45,139 mtCO2e.
Scope 2 emissions (mtCO2e) FY 17 FY16 FY15 Base year FY10
World Bank total 45,139 46,050 49,401 60,212
US 29,151 32,725 36,269 46,756

ENVIRONMENTAL DISCLOSURES • Emissions

Country offices 15,988 13,325 13,132 13,456

305-2b: Gases included in the calculation; whether CO², CH4, N2O, HFCs, PFCs, SF6, NF3, or all.
Gases included in the calculation are CO2, CH4, N2O, and HFCs. There are no known emissions of PFCs, SF6 or NF3, as detailed in the
World Bank Group’s Inventory Management Plan
305-2d: Base year for the calculation, if applicable, including: i. the rationale for choosing it; ii. emissions in the base
year; iii. the context for any significant changes in emissions that triggered recalculations of base year emissions.
Base-year (fiscal year 2010) Scope 2 emissions were 60,212 tCO2e. Fiscal year 2010 was chosen as the base year because it was the
first year that confidence for data related to emissions from country offices was high.
305-2e-g: Standards, methodologies, assumptions, and/or calculation tools used.
Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the Inventory Management
Plan for fiscal year 2017. For more information, see http://www.worldbank.org/corporateresponsibility.

47
 305-3 Other indirect 305-3a: Gross other indirect (Scope 3) GHG emissions in metric tons of CO2 equivalent.
(Scope 3) GHG
The World Bank measures indirect GHG emissions from air travel by Bank employees, as well as delegate air travel, and other indirect
emissions
emissions associated with major meetings that the Bank organizes. In fiscal year 2012, the Bank began measuring GHG emissions from
contractor-owned vehicles.
In fiscal year 2017, these emissions totaled approximately 95,216 mtCO2e, an increase from fiscal year 2016’s emissions of 90,046
mtCO2e. Base-year emissions in fiscal year 2010 equaled 85,760 mtCO2e.
Scope 3 emissions (mtCO2e) FY 17 FY16 FY15 Base year FY10
ENVIRONMENTAL DISCLOSURES • Emissions

World Bank total 95,216 90,046 88,525 85,760

305-3b: Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all.
Gases included in the calculation are CO2, CH4, N2O, and HFCs. There are no known emissions of PFCs, SF6 or NF3, as detailed in the
World Bank Group’s Inventory Management Plan
305-3c: Biogenic CO2 emissions in metric tons of CO2 equivalent.
There are no biogenic CO2 emissions.
305-3e: Base year for the calculation.
Fiscal year 2010 was chosen as the base year because it was the first year that confidence for data related to emissions from country
offices was high.
305-3f-g: Standards, methodologies, assumptions, and/or calculation tools used.
Information on methodology, emissions factors, GWP rates, and consolidation approach are in the Inventory Management Plan for fiscal
year 2017. For more information, see http://www.worldbank.org/corporateresponsibility.

48 World Bank GRI Index 2018

305-4 GHG emissions 305-4a: GHG emissions intensity ratio for the organization.
intensity
Overall there was a slight increase in energy use in the Bank’s 137 global locations mainly due to increased reliance on onsite generator
fuel in the Bank’s Afghanistan office and increased electricity use in the London and Chennai offices.
Emissions scopes FY 17 FY16 FY15 Base year FY10
Scopes 1 and 2 (mtCO2e per square meter) 0.085 0.087 0.096 0.108
Scope 3 (mtCO2e per FTE) 5.65 5.57 5.47 5.70

ENVIRONMENTAL DISCLOSURES • Emissions

305-4b-c: Organization-specific metric (the denominator) chosen to calculate the ratio.
The World Bank measures GHG emissions intensity in two distinct categories. Scope 1 and Scope 2 emissions are normalized per square
meter, while Scope 3 emissions, pertaining to employee air travel, are normalized per full-time equivalent (FTE) employee, which consists
of staff and short-term consultants. In prior years’ reporting, FTE did not include consultants, just number of staff.
305-4d: Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all.
Gases included in the calculation are CO2, CH4, N2O, and HFCs. There are no known emissions of PFCs, SF6 or NF3, as detailed in the
World Bank Group’s Inventory Management Plan
Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the Inventory Management
Plan for fiscal year 2017. For more information, see http://www.worldbank.org/corporateresponsibility.

49
 305-5 Reduction of 305-5a: GHG emissions reduced as a direct result of reduction initiatives, in metric tons of CO2 equivalent.
GHG emissions
Between Fiscal 2016-2017, efficiency projects at headquarters contributed to emissions reduction of over 2,900 metric tons of CO2e.
Projects in the Bank’s offices in Addis Ababa, Beirut, Dhaka, Maputo, Juba, and Nairobi resulted in savings of around 345 mtCO2e.
305-5b: Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all.
ENVIRONMENTAL DISCLOSURES • Effluents and Waste

Gases included in the calculation are CO2, CH4, N2O, and HFCs. There are no known emissions of PFCs, SF6 or NF3, as detailed in the
World Bank Group’s Inventory Management Plan
Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the Inventory Management
Plan for fiscal 2017. For more information, see http://www.worldbank.org/corporateresponsibility.
305-5c: Base year or baseline, including the rationale for choosing it.
Reduction reporting is based on major initiatives taken in fiscal year 2017 as related to achieving reductions from the fiscal year 2010
base year. Fiscal year 2010 was chosen as the base year because it was the first year that confidence for data related to emissions from
country offices was high.
305-5d: Scopes in which reductions took place; whether direct (Scope 1), energy indirect (Scope 2), and/or other
indirect (Scope 3).
Most reductions took place in electricity use (scope 2).
305-5e: Standards, methodologies, assumptions, and/or calculation tools used.
Methodologies and assumptions for calculating reductions are based on initiative proposals for each reduction project.
GRI 306: EFFLUENTS AND WASTE
103-1a: An explanation of why the topic(s) is/are material - The World Bank views reducing effluent and waste production as a material aspect because of
the possible negative environmental impacts, which include the release of persistent toxic chemicals through waste disposed of in landfills and through incineration.
World Bank stakeholders have also raised waste management as an important corporate impact.
103-1b: The Boundary for the material topic(s) - This topic applies to the World Bank’s corporate impact boundary.
103-1c: Any specific limitation regarding the Boundary of the topic(s) - This response does not cover activities of the other three agencies of the World
Bank Group: The International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of
Investment Disputes (ICSID). Some references to the World Bank Group have been made in this report as appropriate.
103-2a: An explanation of how the organization manages the topic(s) - The Bank has worked to reduce the amount of waste sent to landfills through a
combination of source reduction, reuse, and recycling. Minimizing the amount of material brought into Bank facilities is the first way the Bank manages the amount
of waste created. Avoiding unnecessary packaging for purchased items, including encouraging minimum purchase thresholds for office supplies, is one way the Bank
accomplishes this. Another way is by mandating that large purchases from vendors, such as the Bank’s latest computer monitor purchase, be delivered in bulk instead
of individually packaged. In fiscal year 2018, the Bank continued to pursue efficiencies in the standardization of waste management in its headquarters facilities.

50 World Bank GRI Index 2018

306-2 Waste by type 306-2a: Total weight of hazardous waste, with a breakdown by the different disposal methods where applicable.
and disposal method
Total hazardous waste for fiscal year 2018 was 542 pounds. All hazardous waste was generated by the medical clinic on site at World
Bank headquarters and disposed appropriately by a third party.
306-2b: Total weight of non-hazardous waste, with a breakdown by the different disposal methods where applicable.

ENVIRONMENTAL DISCLOSURES • Effluents and Waste

Typical waste items from World Bank facilities include paper, bottles, cans, cardboard, food waste, toner cartridges, carpet tiles, and
electronics.
Total nonhazardous waste produced by the Bank’s Washington, DC offices in fiscal year 2018 was 2,134 metric tons, compared to
1,871 metric tons in fiscal year 2017. The increase is partially due to better data collection.
306-2c: How the waste disposal method has been determined.
The information is provided by the waste-disposal contractor that manages landfill, recyclables, and compostable waste categories; the
electronic-waste recycler, subcontracted through the computer electronics provider, provides information on the number of computers
and other IT assets recycled yearly. Weights from roll-off compactors used for landfilled waste and recycling are exact weights to the
closest one tenth of a ton. Proxies for estimating composting weight from trash cans are not yet available.
Waste streams (metric tons) FY18 FY17 FY16
Waste diverted from landfill (%) 57 58 54
Total nonhazardous waste in Washington, DC (metric tons) 2,134 1,871 1,700
Landfill 921 794 786
Recycling* 828 711 672
Compost 381 365 242
Food donation** 4 1 -
* Includes paper, bottles and cans, cardboard, toner cartridges, carpet tiles, and electronics.
** Food donations tracking began in fiscal year 2017.

51
 SOCIAL DISCLOSURES
GRI 401, 403, & 405: EMPLOYMENT, OCCUPATIONAL HEALTH & SAFETY, AND EQUAL OPPORTUNITY
103-1a: An explanation of why the topic(s) is/are material - As a knowledge organization, the World Bank’s success depends on the contributions
of its staff. World Bank staff members come from over 170 countries—their diversity and global reach stands out among international financial institutions
and other development organizations. Bank staff include economists, educators, environmental scientists, financial analysts, foresters, agronomists, engineers,
information technology specialists, social scientists, and so on, and they offer clients a unique combination of global expertise and local knowledge. To capitalize
on these comparative advantages requires an understanding of where the business is headed, and the skills mix required, coupled with the ability to identify,
grow, and deploy talent in a proactive and deliberate way, as envisioned under the fiscal year 2017-19 People Strategy (see: https://www.slideshare.net/
SergioMartnezlvarez/wbg-people-strategy).
Stakeholders, including potential employees, shareholders (the Boards), as well as Sustainable & Impact investors, recognize that the way the Bank manages staff, its
most valuable resource, is highly relevant to its business impact.
SOCIAL DISCLOSURES

103-1b: The Boundary for the material topic(s) - This topic is material within the Bank’s corporate boundary.
103-1c: Any specific limitation regarding the Boundary of the topic(s) - Human Resources policies apply across the World Bank Group agencies. However,
staff numbers provided in this GRI Index pertain to IBRD and IDA staff only.
103-2a: An explanation of how the organization manages the topic(s) - The fiscal year 2017-19 People Strategy establishes people management
as a shared accountability between executive leadership, the Human Resources Vice Presidency (HR), managers, and staff. It sets out a three-year roadmap
of HR programs and priorities focused on achieving the business objectives outlined in the Forward Look (see: http://pubdocs.worldbank.org/
en/545241485963738230/DC2016-0008.pdf). The Bank’s Human Resources Vice Presidency provides leading-edge products and services in line with the
strategy in order to ensure that the Bank has the right people, in the right place, at the right time to offer the best development solutions to its clients.
Staffing levels and skills profiles are set by World Bank Group operations and the Board of Directors through an annual workforce planning exercise. To meet its
staffing needs, the Bank primarily builds its talent from within, through robust performance, talent, and career management processes, coupled with leading-edge
learning and development programs. Selective external recruitments add critical technical expertise and enhance the Bank’s diversity profile. To ensure that the right
talent can be deployed where it is needed most, the Bank offers a range of global mobility benefits designed to minimize the impact of moves on staff and their
families by allowing seamless acclimation to a new location, prioritizing the safety of staff and their families, and enabling staff to maintain connections to their
home country. Staff who serve in situations of fragility, violence, and conflict (FCV), including nonfamily locations, are eligible for additional benefits, including more
targeted career support, reflecting the growing importance of FCV to the Bank’s operations.
103-2b: A statement of the purpose of the management approach for each topic - To deliver on its mission, the World Bank strives to be the best place
to work in development by offering an Employment Value Proposition (EVP) that attracts, motivates, and retains world-class diverse talent with the critical skills,
experiences, mindsets, and behaviors needed to effectively respond to complex and constantly evolving client needs.

52 World Bank GRI Index 2018

103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments; iii.
Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs and
initiatives.
Supporting a positive and respectful work environment not only assists the World Bank in attracting and retaining the world’s top talent, it allows the workforce to
be more productive.
Policy Framework: The World Bank’s employment policies are articulated in its Staff Manual, which is established by the institution and periodically reviewed and
revised to ensure relevance and suitability for both staff and the business. The Manual includes the principles of staff employment and general obligations of the
Bank and staff, as well as policies governing core human resource processes. Policies are supported by procedures that outline the approach to implementation.
Values: The World Bank recognizes the importance of a positive organizational culture in attracting, retaining, and motivating staff to contribute their best in pursuit
of the mission. Organizational culture is built on the foundation of a shared set of values, and in fiscal year 2018, the Bank refreshed its values statement to reflect
the behaviors agreed upon by staff and management to be most critical in driving the organization’s performance and fostering a healthy work environment. The
revised core values—impact, integrity, respect, teamwork, and innovation—will be brought to life by embedding them into core HR processes, from recruitment to
performance and talent management.

SOCIAL DISCLOSURES
Health & Safety: Promoting the health, safety, and wellbeing of staff is one of the focus areas of the fiscal year 2017-19 People Strategy. In this area, key highlights
include: (1) developing a phased, five-year strategy to enhance the culture of health; (2) improving pre-deployment health and resiliency briefings for relocating staff;
and (3) enhancing outreach and remote capacity for staff in non-US offices, particularly in FCV, improving occupational health and safety, and so on.
Diversity: The World Bank measures the effectiveness of its efforts through Diversity and Inclusion Compacts, which establish both diversity and inclusion targets
and identify specific actions to achieve the targets. The diversity targets include parity in management by gender and country part (Part I versus Part II—roughly
equivalent to developed and developing countries, respectively), as well as by gender among full-time staff at professional grades (grade GF+) in non-managerial
roles. An additional institutional target is 12.5 percent for Sub-Saharan African (SSA) and Caribbean (CR) nationals among full-time staff at professional grades
(grade GF+). Inclusion targets are derived from staff responses on the annual engagement survey, which includes a set of questions comprising the Inclusion Index.
The World Bank Compact, which is signed by the President and his senior team, is cascaded through all vice-presidential units.
Addressing staff concerns: Due to its immunities from most national courts, the Bank provides staff a comprehensive staff manual detailing employment policy
and a robust Internal Justice Services (IJS) to address and resolve workplace issues. The IJS is a set of independent, yet interconnected, internal workplace dispute
settlement mechanisms made available to all current and former Bank staff. The IJS ensures that staff, irrespective of their location, grade level, nationality, or
gender, have a wide range of both informal and formal mechanisms to choose from to resolve workplace concerns in a fair, impartial, and transparent manner. These
services encourage collaboration among staff, provide space for the effective management of conflict, and increase the Bank’s capacity to build and retain a globally
representative workforce.
103-3a: An explanation of how the organization evaluates the management approach(s) - The Bank’s Human Resources Vice Presidency monitors
and reports on implementation of the People Strategy through regular engagements with the Board and senior management. A People Strategy Scorecard tracks
progress against a set of Key Performance Indicators that align with the priorities of the three-year strategy, and the Corporate Scorecard (http://scorecard.
worldbank.org/) includes several talent management indicators. Regular staff engagement surveys provide crucial input on the mood of the organization and
issues for management to tackle. Periodic internal audits of key HR processes identify areas for improvement and result in follow-up action plans that address
highlighted findings.

53
 401-1 New employee 401-1a: Total number and rate of new employee hires during the reporting period, by age group, gender and region.
hires and employee
In fiscal year 2018, 946 full-time staff were hired, as compared to 1,249 in fiscal year 2017. The rate of new employee hires equaled 8
turnover
percent. Of those hired, 47 percent were hired in non-US offices, and 52 percent were female.
Staff hired FY18 FY17 FY16
Number % of total Number % of total Number % of total
United States 501 53% 634 51% 795 56%
Female 264 53% 333 27% 425 30%
Male 237 47% 301 24% 370 26%
SOCIAL DISCLOSURES • Employment

Non-US offices 445 47% 615 49% 623 44%

Female 226 51% 320 26% 319 22%
Male 219 49% 295 24% 304 21%
Total hires 946 1,249 1,418
Of which Female 490 52% 653 52% 744 52%
Of which Male 456 48% 596 48% 674 48%

401-1b: Total number and rate of employee turnover during the reporting period, by age group, gender and region.
In fiscal year 2018, 622 staff left the Bank—a turnover rate of 5.2 percent (of which 2.3 percent was voluntary). In fiscal year 2017,
754 staff left the Bank—a turnover rate of 6.5 percent. In fiscal year 2018, 36 percent of employees who left the Bank were located in
non-US offices, and 47 percent were female.
Staff terminated FY18 FY17 FY16
Number % of total Number % of total Number % of total
United States 398 64% 515 68% 1,293 67%
Female 189 47% 263 51% 702 54%
Male 209 53% 252 49% 591 46%
Non-US offices 224 36% 239 32% 627 33%
Female 101 45% 115 48% 331 53%
Male 123 55% 124 52% 296 47%
Total terminations 622 754 1,920
Of which Female 290 47% 378 50% 1,033 54%
Of which Male 332 53% 376 50% 887 46%

54 World Bank GRI Index 2018

403-1 Occupational Responsibility for Occupational Health and Safety is shared by all World Bank Staff, including senior management, managers, and
health and safety supervisors, as well as contractors and visitors as seen in the Staff Manual. The World Bank recognizes the importance of and strives
management system to ensure a safe and secure work environment for staff. Thus, internationally recognized occupational health and safety standards such
as ISO 45001 have been adopted.
403-2 Hazard 403-2a: A description of the processes used to identify work-related hazards and assess risks on a routine and non-
identification, routine basis, and to apply the hierarchy of controls in order to eliminate hazards and minimize risks.
risk assessment,
and incident
The World Bank has developed a schema to identify hazards and risks. This schema is covered under the online learning course available
investigation to all staff and defines the hazard identification and risk mitigation process. To ensure the quality of these processes, the World Bank
adheres to a Plan, Do, Check, Act (PDCA) cycle to constantly reevaluate the occupational health and safety processes. The PDCA cycle is
part of the overall development and implementation of the occupational health and safety management system.

SOCIAL DISCLOSURES • OH&S

403-2b: A description of the processes for workers to report work-related hazards and hazardous situations, and an
explanation of how workers are protected against reprisals.
Staff policies and procedures, as defined in the staff manual, clearly identify ways in which workers can report work-related hazards
and hazardous situations, including reporting directly to the Health Services Department (HSD), emailing the World Bank help desk,
and reporting to management. In addition, a formal software for the reporting of any work-related hazards and hazardous situations is
being developed. Workers are protected against reprisals by World Bank Internal Justice Services (IJS), which endeavors to support staff
to preserve fairness in the workplace.
403-2c: A description of the policies and processes for workers to remove themselves from work situations that they
believe could cause injury or ill health, and an explanation of how workers are protected against reprisals.
All World Bank staff are empowered and have the responsibility to identify and report any unsafe workplace acts or situations to
management. World Bank staff are protected against reprisals through World Bank IJS.
403-3 Occupational 403-3a. A description of the occupational health services’ functions that contribute to the identification and
health services elimination of hazards and minimization of risks, and an explanation of how the organization ensures the quality of
these services and facilitates workers’ access to them.
The World Bank Group Health Services Department provides a comprehensive suite of Occupational Health & Safety and personal
health risk management services. Services are provided through the following functional units:
• Occupational Health and Safety (addressing the health/safety/workplace interface);
• Travel Health and Wellness (addressing health risks of travel and relocation, and managing an outsourced full service on-site Primary
Health Care Centre for staff, dependents, and retirees, run according to a Patient Centered Medical Home Model. The World Bank
Group also offers an outsourced Health and Wellness program which allows staff to identify and manage their health risks, obtain
health and wellness coaching, and have clinical nurse manager support for living with chronic medical conditions;
• Field Health Services (supporting staff to access healthcare across the globe, for both routine and emergency healthcare needs);
• Counseling Unit (addressing psychosocial support needs).
55
 403-3 Occupational The World Bank prides itself on recruiting and retaining the highest quality staff across all departments. The Health Services staff include
health services medical doctors, Health and Safety professionals, clinical psychologists, and nurses. As an international organization recruiting from
(continued) across the globe, the World Bank Group requires its professional staff to have appropriate professional qualifications from recognized
academic institutions. Staff with clinical functions are required to have active professional registration in the countries where they
are performing their clinical duties. The World Bank Group also provides financial support to its professional staff for participation in
Continuing Professional Education programs and maintenance of professional accreditation.
The Health Services Department team is supported by the Facilities team, Corporate Security, and Fire and Safety teams.
The World Bank Occupational Health and Safety Committee, which reports to Management, is tasked with developing, implementing,
and overseeing an occupational health and safety management system that applies to Bank employees worldwide. The occupational
health and safety management system being implemented by the Committee is based on ISO 45001 (Occupational Health and Safety
Management Systems).
SOCIAL DISCLOSURES • OH&S

All staff have access to the Health Services Department and its services. Strict medical confidentiality is maintained in all dealings with
staff, ensuring protection of their medical records and personal health related information. A specific Staff Rule has been published
to ensure and guide the protection of confidential information: Staff Rule 2.02—Confidentiality of Medical Information and Medical
Records. In addition, in May 2018 the World Bank Group’s Boards adopted a Personal Data Privacy Policy applicable to all personal data
processed by the Bank and aligning to internationally accepted standards.

56 World Bank GRI Index 2018

403-4 Worker 403-4a: A description of the processes for worker participation and consultation in the development,
participation, implementation, and evaluation of the occupational health and safety management system, and for providing access
consultation, and to and communicating relevant information on occupational health and safety to workers.
communication on
occupational health The World Bank’s Occupational Health Services Committee (OHSC) meets quarterly to address health and safety issues related to staff.
and safety The group is chaired by Human Resources Vice President, and includes occupational health specialists, environmental consultants,
and senior management representatives from headquarters and offices outside the United States, Health Services and other parts of
HR, Facilities Management, Security, Fire and Safety, Legal, Procurement, Corporate Responsibility, the Staff Association, Budget, and
additional specialists and members as required. To address staff’s concerns, the committee forms multidisciplinary ad hoc working
groups, such as a working group for air pollution, which developed guidelines for staff and managers in country offices where air
quality is a recognized health hazard. To address global health issues, the committee collaborates with the United Nations and other
international organizations. The committee has also approved several occupational, health and safety (OHS), initiatives such as the

SOCIAL DISCLOSURES • OH&S

Automated External Defibrillator program and Staff Road Safety.
403-4b: Where formal joint management–worker health and safety committees exist, a description of their
responsibilities, meeting frequency, decision-making authority, and whether and, if so, why any workers are not
represented by these committees.
The OHSC is a committee on occupational health and safety matters with review and advisory functions, including, without limitation,
such functions as:
• Developing an organizational strategy for the World Bank Group on implementing an OHS management system;
• Providing advice to units implementing OHS strategies and programs;
• Developing internal OHS standards;
• Monitoring and evaluating the implementation and impact of the OHS management system and making recommendations for
change;
• Developing training programs on risk management, accident and disease prevention, and related educational activities for staff;
• Proposing ways to incorporate lessons learned from any health and safety incidents;
• Coordinating outreach to staff on occupational health and safety issues, questions, and suggestions; and
• Overseeing the compiling of data on work-related injuries, incidents, and hazards into an annual report.
The Committee meets on a quarterly basis.

57
 403-5 Worker HSD has developed and implemented two online learning courses for staff. Participants in the courses gain an understanding of:
training on
• The Integrated Health and Safety Management system, which considers the health and safety risks posed by personal health, the
occupational health
and safety
general environment within which staff work and live, and staff’s immediate physical work environment;
• The governance structure of the World Bank Group’s Health and Safety Management system;
• How workplace health and safety is a shared responsibility and what the Bank Group’s role is in upholding a healthy and safe work
environment; and
• How to undertake a risk assessment and management approach for health, safety, and wellbeing.
In addition, there is an online learning course required for all staff on assignment in a fragile, conflict-affected, or violent area titled,
“What to know before you go: protecting your health and wellbeing during travel and relocation.”
403-6 Promotion of 403-6a: An explanation of how the organization facilitates workers’ access to non-occupational medical and
SOCIAL DISCLOSURES • OH&S

worker health healthcare services, and the scope of access provided.

The World Bank has introduced a Patient Centered Medical Home model that provides primary care services on-site within the World
Bank headquarters. Instead of seeking outside care, staff and their dependents can elect to visit the expanded in-house clinic and
receive care delivered by the MedStar Medical Group.
The key features of this model include:
• Care for whole families, with a focus on maintaining health and disease prevention;
• Patient-centered focus;
• Team-based service approach;
• Easy access to providers via an electronic portal;
• Broader spectrum of clinical services, incorporating the urgent care formerly provided by the HSD Clinic; and
• Medical home base with access to a network of specialty care.
403-6b: A description of any voluntary health promotion services and programs offered to workers to address major
non-work-related health risks, including the specific health risks addressed, and how the organization facilitates
workers’ access to these services and programs.
The Health and Wellness program is composed of additional health support services provided to staff, dependents, and retirees in
partnership with U.S. Preventive Medicine and the Cleveland Clinic. The program includes a health and wellness assessment, a personal
preventive plan, the setting of individual health goals, and personalized support through a health coach or advisor who is available via
email or telephone.

58 World Bank GRI Index 2018

403-7 Prevention The Environmental and Social Framework (ESF) will enable the World Bank and borrowers to better manage environmental and social
and mitigation risks of projects and to improve development outcomes. The ESF offers broad and systematic coverage of environmental and social risks
of occupational linked to Bank-supported projects. It makes important advances in areas such as transparency, non-discrimination, public participation,
health and safety and accountability—including expanded roles for grievance mechanisms.
impacts directly
linked by business Environmental and Social Standards (ESS) 2 and 4 address negative health and safety impacts that are directly linked to operations.

SOCIAL DISCLOSURES • Diversity & Equal Opportunity

relationships ESS2: Labor and Working Conditions recognizes the importance of employment creation and income generation in the pursuit of
poverty reduction and inclusive economic growth. Borrowers can promote sound worker-management relationships and enhance the
development benefits of a project by treating workers on the project fairly and providing safe and healthy working conditions.
ESS4: Community Health and Safety addresses the health, safety, and security risks and impacts on project-affected communities and
the corresponding responsibility of borrowers to avoid or minimize such risks and impacts, with particular attention to people who,
because of their particular circumstances, may be vulnerable.
403-9 Work-related The World Bank is transitioning to a new vendor that will provide work-related injury and illness data in the future. No data are
injuries available to report for fiscal year 2018.
403-10 Work-related
illnesses

405-1 Diversity of 405-1a : Percentage of individuals within the organization’s governance bodies by: i. Gender; ii. Age group: under 30
governance bodies years old, 30-50 years old, over 50 years old; iii. Other indicators of diversity
and employees
On the World Bank Boards of Governors and Board of Executive Directors, representatives are determined by member countries. Of the
25 Executive Director Board members, five were women in fiscal 2018. For more information about the Boards, see
http://worldbank.org/about.
405-1b : Percentage of employees per employee category by: i. Gender; ii. Age group: under 30 years old, 30-50 years
old, over 50 years old; iii. Other indicators of diversity
Since 1998, nationality, gender, and race have been the dimensions of diversity for which the Bank has set and monitored quantitative
targets. Nationality has been measured in the aggregate by Part I and II contributing member status, whereas Sub-Saharan African and
Caribbean nationalities have served as the collective proxy for race, specifically for black staff.
2018 2017 2016
Full-time staff
Number % of total Number % of total Number % of total
Age
Under 30 521 4% 597 5% 577 5%
30-50 7,660 63% 7,546 63% 7,230 63%
50+ 4,035 33% 3,754 32% 3,614 32%
Total 12,216 11,897 11,421

59
 405-1 Diversity of The World Bank measures the effectiveness of its efforts through Diversity and Inclusion Compacts, which establish both diversity and
governance bodies inclusion targets and identify specific actions to achieve the targets. The diversity targets include parity in management by gender and
and employees country part (Part I versus Part II—roughly equivalent to developed and developing countries, respectively), as well as by gender among
(continued) full-time staff at professional grades (grade GF+) in non-managerial roles. An additional institutional target is 12.5 percent for Sub-
Saharan African (SSA) and Caribbean (CR) nationals among full-time staff at professional grades (grade GF+). Inclusion targets are
derived from staff responses on the annual engagement survey, which includes a set of questions comprising the Inclusion Index.
SOCIAL DISCLOSURES • Diversity & Equal Opportunity

The World Bank Compact, which is signed by the President and his senior team, is cascaded through all Bank Vice-Presidential Units.
Progress against the Compact targets and actions are reported monthly and reviewed quarterly. In addition to the Compacts, actions to
improve staff perceptions on the engagement survey, including the Inclusion Index, are developed and tracked at the World Bank and
Vice-presidential unit level.
In fiscal year 2018, nationals of Part II countries accounted for 43 percent of staff in management positions. Women accounted for 41
percent of staff in management positions, and 45 percent of full-time staff at professional grades (grade GF+) in technical positions.
SSA and CR nationals represent 13 percent of full-time staff at professional grades (grade GF+).

Diversity Indicators FY18 FY 17 FY 16 Targets

Part II Managers 43.1% 43.3% 43.5% 50%
Female Managers 41.5% 39.0% 37.5% 50%
Female GF+ Technical 44.5% 44.2% 43.9% 50%
SSA/CR GF+ 13.3% 12.9% 12.2% 12.5%

60 World Bank GRI Index 2018

405-2 Ratio of To recruit and retain highly qualified staff, the World Bank has developed a compensation and benefits system designed to be
basic salary and internationally competitive, reward performance, and consider the special needs of a multinational and largely expatriate staff. The
remuneration of Executive Directors annually review the staff salary structure and, if warranted, the salary structure is adjusted based on a Board-
women to men approved methodology that entails comparison with salaries paid by private financial and industrial firms and by representative
public-sector agencies in the U.S. market. The salary structure is reported for job positions for Washington, DC staff, which comprises
almost 60 percent of total staff. For staff in offices outside the United States, compensation programs are developed based on local

SOCIAL DISCLOSURES • Diversity & Equal Opportunity

market practices consisting of private sector firms, and representative quasi-public and nonprofit organizations. The grading system and
benchmark job positions in country offices follow the same framework as in Washington, DC. Globally, World Bank salary structures do
not differentiate by gender. Remuneration of executive management, Executive Directors, and staff are disclosed with the World Bank
Annual Report. For more information, see www.worldbank.org/en/about/annual-report.
In fiscal year 2017, the World Bank Group Development Research Group, in collaboration with the Gender Cross Cutting Solution Area
and Human Resources, completed a landmark study: “Compensation, Diversity and Inclusion at the World Bank Group.” This
study leveraged 25+ years of HR data to explore the issue of pay parity among World Bank Group populations, including by gender.
Key results included the observation that the World Bank Group has an aggregate salary gap between genders, but that the gap has
decreased significantly over the 25+ years of the analysis. The aggregate salary gap is mainly caused by the gender composition of
different grades at entry. In fiscal year 2018, follow-up actions were put in place, including the biannual production of a report that HR
and managers use to address compensation outliers and more closely monitor salary parity upon entry to the institution. Additionally,
the World Bank Group examined a standard indicator to monitor pay parity by gender and grade level and aims to include this in future
reports.

61
 GRI 404: TRAINING AND EDUCATION
103-1a: An explanation of why the topic(s) is/are material - The World Bank invests in staff learning as a strategic tool for the organization. Staff take
courses to remain cutting edge as they carry out the World Bank’s mission.
Stakeholders, including employees, shareholders (the Boards), as well as Sustainable & Impact investors, recognize learning and knowledge sharing as highly
relevant to the Bank’s business impact.
103-1b: The Boundary for the material topic(s) - This topic is material to both the Bank’s corporate and operational boundaries since the Open Learning
SOCIAL DISCLOSURES • Training and Education

Campus provides solutions for both staff and partners globally.

103-1c: Any specific limitation regarding the Boundary of the topic(s) - Human Resources policies apply across the World Bank Group agencies. However,
numbers provided in this report pertain to IBRD and IDA staff only.
103-2a: An explanation of how the organization manages the topic(s) - The Open Learning Campus (OLC) is a single destination to accelerate
development solutions through learning for World Bank Group staff, clients, and global partners. The OLC offers a broad range of learning resources via Talks,
Academy, and Connect. It currently houses over 11,200 courses and continues to expand. As of June 30, 2018, 93 percent of staff had attended at least one
learning session.
The OLC was launched by President Jim Yong Kim in January 2016 with a dual mandate to provide a platform for (1) continuous learning for staff to remain cutting
edge; and (2) staff and clients to learn together and co-create solutions to complex development challenges. The Open Learning Campus team, housed within the
Knowledge Management unit of the Development Economics Vice Presidency, acts as an enabler and accelerator for learning across the World Bank Group, including
IBRD, IDA, IFC, and MIGA. The team serves as a central pedagogical resource and learning ecosystem for seven key learning programs: Operations, Leadership,
Business Skills, IT skills, Technical, Corporate, and Mandatory. Like many development organizations, the Bank uses learning as a strategic tool to help staff and
clients accelerate impact and deliver results, and it is actively working to build a culture of learning across the organization. The OLC is already providing tremendous
opportunities for staff and client learning on key development topics and enabling practitioners to learn from each other’s successes and failures, as well as from the
vast tacit knowledge that organizations like the Bank generate through operations.
103-2b: A statement of the purpose of the management approach for each topic - The purpose of the management approach is to enhance World Bank
Group-wide technical skills and knowledge, strengthen problem-solving skills, and foster innovation to attain the Bank Group’s goals efficiently and creatively.
103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments;
iii. Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs
and initiatives - The World Bank is dedicated to building a world-class learning organization where learning, performance, and career development go hand in
hand. While the onus is on staff to be proactive in their learning, managers are accountable for supporting the learning of their staff. Through the World Bank’s
performance evaluation process and career conversations, staff and managers work together on staff development objectives and career goals.
Strategically selecting appropriate learning activities is a key part of this process. Staff can choose from a wide range of internal learning activities available through
the Open Learning Campus (OLC) or from external learning providers. All formal learning opportunities (and some on-the-job learning) can be explored through the
World Bank’s catalog of learning on the OLC. Here staff enroll for courses, track progress, and get credit and certifications for their work. The OLC is the first stop for
staff looking for learning that enhances skills for their current role or help meeting longer-term career goals.

62 World Bank GRI Index 2018

Funding for formal Staff Learning is provided in the overall resource envelope of every Bank Vice Presidential Unit and may be reallocated down to the Global
Practice, departmental, or other level. Each year, the minimum amount to be set aside for Staff Learning per Vice Presidential Unit is communicated through the
indicative expenditure directions, upon recommendation of the Learning Steering Group. The minimum amount is calculated based on two components: a minimum
of five days on average that staff are expected to dedicate to formal Staff Learning, and an amount of variable budget available to support staff on activities
calculated on a headcount basis.
Every Vice Presidential Unit has the autonomy to allocate additional resources to Staff Learning above the required minimum. Within the resource envelope, Vice
Presidential Units may decide to develop rules for expenditures for external learning. In some cases, demand for external learning may be more so than in other units

SOCIAL DISCLOSURES • Training and Education

due to the nature of the unit’s business, that is, professional certifications to maintain existing qualifications required by a respective profession.
103-3a: An explanation of how the organization evaluates the management approach(s).
All learning in the OLC is evaluated for scale and impact. On the staff side, the World Bank evaluates all classes entered in OLC that are equal to or greater than
one day. All classes that are less than a day can be selected by course catalog builders for evaluation as needed. On the client side, the Bank evaluates all learning
programs, and regularly informs senior management, including through three-year trend analyses, to guide programs, implement course corrections, and create
learning innovations. For more information about OLC, see www.olc.worldbank.org.
404-1 Average hours In fiscal year 2018, the World Bank delivered 1,548 courses and 61,824 days of learning. Fifty-four percent of the training days were
of training per year delivered either in offices outside the US or via location-neutral formats such as e-learning and webinars.
per employee by: i.
gender; ii. employee
Ninety-three percent of the salaried workforce attended at least one learning event in fiscal year 2018, not including the corporate
category. mandatory programs: 91 percent based in non-US locations and 94 percent at headquarters, in Washington, DC. In fiscal year 2018,
staff attended the equivalent of 50,668 days of training, averaging 4.1 days per staff member, with 3.9 in days taken by staff based in
offices outside the US and 4.3 days taken by Washington, DC-based staff.
In fiscal year 2018, investment in staff learning increased by 6 percent over fiscal year 2017 and by 13 percent from fiscal year 2016
levels. In addition, the World Bank invested $73.9 million in staff learning, of which 36 percent was spent on developing and delivering
learning activities, and 64 percent was spent to cover direct and indirect expenses for staff members to participate in learning (given
internally and/or from external providers), including staff time and other costs.

63
 404-1 Average hours All Staff 2018 2017 2016
of training per year
Days Hours Days Hours Days Hours
per employee by: i.
gender; ii. employee Average training 4.1 33.2 3.9 31.2 3.4 26.9
category. Of which Female 4 32.3 4 31.9 3.4 27.6
(continued) Of which Male 4.3 34.1 3.8 30.5 3.3 26.2
Breakdown by Days Hours Days Hours Days Hours
SOCIAL DISCLOSURES • Training and Education

Support Staff average 3.1 24.7 2.5 20 2.4 19.2

Of which Female 3 23.9 3 24 2.8 22.4
Of which Male 3.2 25.4
1.5 12
1.6 12.8

Analyst Grade average 3.8 30.3 3.1 24.8 3.1 24.8

Of which Female 3.8 30.6 3.4 27.2 3.1 24.8
Of which Male 3.8 30.1 2.8 22.4 3.1 24.8
Specialist Grade average 4.8 38.3 4.8 38.4 4 32
Of which Female 4.6 36.6 4.9 39.2 4 32
Of which Male 5 40.0 4.7 37.6 3.9 31.2
Lead Grade average 3.6 28.8 3.6 28.8 2.9 23.2
Of which Female 3.7 30 3.7 29.6 3.2 25.6
Of which Male 3.4 27 3.5 28 2.7 21.6
Consultants average Not available Not available 2.3 18.4
Of which Female 3 24
Of which Male 1.5 12
Special Assignments (JPO, JPA,
6.4 51 4.6 36.8 4.7 37.6
SPAS) average
Of which Female 6.2 49.5 5.2 41.6 5.1 40.8
Of which Male 6.5 52.1 4.3 34.4 4.4 35.2

64 World Bank GRI Index 2018

404-3 Percentage At least twice in a 12-month period, the performance of World Bank staff (excluding short-term appointees) is formally reviewed
of employees by their manager or designated supervisor. The evaluation is based on objectives agreed upon with the staff’s manager at the start
receiving regular of the fiscal year, aligned with the overall goals of the Vice-Presidential Unit, and assesses achievements against those objectives,
performance and strengths, and areas for improvement, as well as future development needs. The World Bank encourages ongoing feedback about the
career development staff member’s work program; this takes place throughout the performance year and includes a formal mid-year check-in. The annual
reviews conversation also touches on plans for the upcoming performance cycle and training needs. The Performance Management Process is
outlined in the Staff Manual 5.03.

SOCIAL DISCLOSURES • Training and Education

In fiscal year 2018, 96 percent of Bank staff completed fiscal year 2017 end-year evaluations, 74 percent of staff completed fiscal year
2018 objectives, and 96 percent of staff completed fiscal year 2018 midyear evaluations on time. During the fiscal year 2017 year-end
evaluations, 96 percent of women and 95 percent of men completed the regular performance evaluation process. During the 2018 mid-
year review, 89 percent of staff indicated they had a performance conversation with their supervisor; this included 89 percent of women
and 89 percent of men.
In addition to the regular performance evaluations, an annual development-focused talent review is undertaken by management to
give the organization a better understanding of the skills and aptitudes of staff, and, importantly, to identify next steps for the staff’s
professional development, including targeted learning programs, stretch assignments, or rotations to other business units, as well as
readiness to take on greater responsibilities.

65
 GRI 406: NON-DISCRIMINATION
103-1a: An explanation of why the topic is material - The World Bank Group core values are impact, integrity, respect, teamwork, and innovation. World
Bank Group staff are strongly encouraged to work together in teams with openness and trust; empowering others and respecting differences; encouraging risk-
taking and responsibility; and enjoying both work and family, as detailed in the Code of Conduct.
Stakeholders, who include prospective employees, shareholders (the Boards), as well as Sustainable & Impact investors, recognize that the way the Bank manages
discrimination, ethical behavior, and adherence to corporate core values is highly relevant to its business impact.
103-1b: The Boundary for the material topic(s) - This topic is material within the Bank’s corporate boundary.
SOCIAL DISCLOSURES • Non-Discrimination

103-2a: An explanation of how the organization manages the topic(s) - There is a mandatory e-learning training on the Code of Conduct for all new staff,
including consultants with contracts of more than 30 days. A summary of the Code of Conduct is available in nine languages. There is a separate Code of Conduct
for Board officials. Business partners are informed of ethics expectations through a separate document. Adherence to high ethical standards is specified in contracts
with employees, Board officials, and business partners. Section 1(c) of the Code for Board Officials requires them to sign the code document upon assuming duty and
deposit it with the Ethics Committee of the Board. Staff members are required to uphold World Bank Group Staff Rules as a condition of employment.
103-2b: A statement of the purpose of the management approach for each topic - The character of the diverse workforce of the World Bank Group—of
integrity, ethical behavior, and adherence to corporate values—is core to the success of the Bank Group’s goals to end extreme poverty and boost shared prosperity.
103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments; iii.
Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs and
initiatives - Due to its immunities from most national courts, the Bank provides staff comprehensive grievance mechanisms to address and resolve workplace
issues through informal and formal services. These services encourage collaboration among staff, provide space for the effective management of conflict, and
increase the Bank’s capacity to build and retain a globally representative workforce.
Various offices within the Internal Justice Services (IJS) provide evaluations to staff who retain its services. These offices include Mediation Services (MEF), Peer
Review Services (PRS), and the Ethics and Business Conduct (EBC) Department. In fiscal year 2018, the evaluations and the input of stakeholders was examined as
part of a formal Metrics Review. The recommendations have been reviewed, and an implementation plan is being developed. In addition to the Metrics Review, the
IJS disseminated its first integrated IJS Annual Report in March 2018.

406-1 Incidents of In fiscal year 2018, EBC reviewed seven allegations of discrimination. These included alleged instances of discrimination based on race,
discrimination and nationality, religion/creed, and gender. None of these allegations resulted in a report of investigation or finding of misconduct, on par
corrective actions with 2017.
taken
EBC recognizes that discrimination can be hard to prove because of its nature, which is often covert and subtle, and because of the
“clear and convincing” standard of proof required of this and other serious allegations of misconduct, pursuant to the World Bank
Group’s Administrative Tribunal jurisprudence. EBC, therefore, is reviewing the process by which the Bank Group addresses alleged
discrimination to make it easier for staff members to successfully bring forward a claim of alleged discrimination, increase the
effectiveness of EBC reviews, and provide more support to potential victims.

66 World Bank GRI Index 2018

 GRI 408: CHILD LABOR
103-1a: An explanation of why the topic(s) is/are material - The World Bank recognizes that child labor is one of the most devastating consequences of
persistent poverty. Hazardous conditions faced by children in the workplace can seriously jeopardize their immediate health and safety, as well as their health status
later in life. This is particularly the case for children in hazardous work. Child labor is also associated with greater difficulties in entering and remaining in school and
learning effectively in the classroom. The educational and developmental toll associated with child labor, in turn, makes it much less likely that children are able to
successfully transition to gainful employment upon entering adulthood.
Stakeholders, who include potential employees, shareholders (the Boards), as well as Sustainable and Impact investors, recognize this topic to be relevant to the
Bank’s business impact.
103-1b: The Boundary for the material topic(s) - This topic is material in the World Bank’s operational boundary. The operational boundary is the project area

SOCIAL DISCLOSURES • Child Labor

of influence of a Bank-financed project.
The project area of influence is the area likely to be affected by the project, including all its ancillary aspects, such as power transmission corridors, pipelines,
canals, tunnels, relocation and access roads, borrow and disposal areas, and construction camps, as well as unplanned developments introduced by the project
(e.g., spontaneous settlement, logging, or shifting agriculture along access roads). The area of influence may include, for example, (a) the watershed within which
the project is located; (b) any affected estuary and coastal zone; (c) off-site areas required for resettlement or compensatory tracts; (d) the airshed (e.g., where
airborne pollution such as smoke or dust may enter or leave the area of influence; (e) migratory routes of humans, wildlife, or fish, particularly where they relate to
public health, economic activities, or environmental conservation; and (f) areas used for livelihood activities (hunting, fishing, grazing, gathering, agriculture, etc.) or
religious or ceremonial purposes of a customary nature.
103-2a: An explanation of how the organization manages the topic(s) - The Bank classifies each proposed project into one of four safeguard categories
(A, B, C, or FI) depending on the type, location, sensitivity, and scale of the project and the nature and magnitude of its potential environmental and social impacts.
The borrower is responsible for any assessment required by the safeguard policies, with Bank staff providing advice on the application of the policies. Depending on
the type of project and its safeguard policy category, the Bank project design incorporates such issues as public consultation, environmental and social assessments,
Indigenous Peoples’ plans, and resettlement frameworks and/or resettlement action plans. Specific measures are developed and implemented during the project to
mitigate the risk. Compliance with these policies forms part of the legal agreements for Bank grants, credits, and loans.
All standard World Bank bidding documents contain a clause prohibiting the use of child or forced labor in contracts financed under any World Bank projects. Staff
working on Bank-supported operations are required to assess social issues, such as child labor, within the environmental and social aspects of the projects and
develop specific measures that would be implemented during the project to mitigate the risk.

67
 Under the new Environmental and Social Framework (ESF), which will come into force in October of 2018, the Bank will classify all investment projects into one of
four classifications: High Risk, Substantial Risk, Moderate Risk, or Low Risk. In determining the appropriate risk classification, the Bank will take into account relevant
issues, such as the type, location, sensitivity, and scale of the project; the nature and magnitude of the potential environmental and social risks and impacts; and the
capacity and commitment of the Borrower (including any other entity responsible for the implementation of the project) to manage the environmental and social
risks and impacts in a manner consistent with the Environmental and Social Standards. More information on the ESF can be found at: http://worldbank.org/esf.
The ESF includes a standard on Labor and Working Conditions (ESS2). The objectives of ESS2 are:
• To promote safety and health at work;
• To promote the fair treatment and nondiscrimination of, and equal opportunity for project workers;
• To protect project workers, including vulnerable workers such as women, persons with disabilities, children (of working age, in accordance with this ESS), and
SOCIAL DISCLOSURES • Child Labor

migrant workers, contracted workers, community workers, and primary supply workers, as appropriate;
• To prevent the use of all forms of forced labor and child labor (emphasis added);
• To support the principles of freedom of association and collective bargaining of project workers in a manner consistent with national law; and
• To provide project workers with accessible means to raise workplace concerns.
The specific ESS2 provision on Child Labor is the following:
1. A child under the minimum age established in accordance with this paragraph will not be employed or engaged in connection with the project. The labor
management procedures will specify the minimum age for employment or engagement in connection with the project, which will be the age of 14 unless
national law specifies a higher age.
2. A child over the minimum age and under the age of 18 may be employed or engaged in connection with the project only under the following specific conditions:
a. the work does not fall under paragraph [3] below;
b. an appropriate risk assessment is conducted prior to the work commencing; and
c. the borrower conducts regular monitoring of health, working conditions, hours of work, and the other requirements of this ESS.
3. A child over the minimum age and under the age of 18 will not be employed or engaged in connection with the project in a manner that is likely to be hazardous
or interfere with the child’s education or be harmful to the child’s health or physical, mental, spiritual, moral, or social development.
103-2b: A statement of the purpose of the management approach for each topic - The purpose of the management approach is to evaluate a project’s
potential environmental risks and impacts in its area of influence; examine project alternatives; identify ways of improving project selection, siting, planning, design,
and implementation by preventing, minimizing, mitigating, or compensating for adverse environmental and social impacts and enhancing positive impacts; and
include the process for mitigating and managing adverse environmental impacts throughout project implementation.
103-2c: A description of the following, if the management approach for each topic includes that component: i. Policies; ii. Commitments;
iii. Goals and targets; iv. Responsibilities; v. Resources; vi. Grievance mechanisms; vii. Specific actions, such as processes, projects, programs
and initiatives - In August 2016, the World Bank Board of Executive Directors approved a new Environmental and Social Framework for protecting people and
the environment in World Bank-financed investment projects, marking the end of a four-year review process that concluded in fiscal 2016. The World Bank is
implementing an intensive preparation and training period to prepare for the transition to the new framework in October 2018.

68 World Bank GRI Index 2018

103-3a: An explanation of how the organization evaluates the management approach(s) - The World Bank’s Independent Evaluation Group (IEG)
evaluates the development effectiveness of the World Bank Group. IEG’s work provides evaluative evidence to help the Bank Group deliver better services and
results to its clients. IEG does so by generating lessons from past experiences and accountability to shareholders and stakeholders at large. IEG is independent of the
management of the World Bank Group and reports directly to the Executive Board. More details can be found at http://ieg.worldbankgroup.org/.
The World Bank’s Internal Audit Vice Presidency (IAD) is an independent, objective assurance and consulting activity that helps to improve World Bank Group
operations. It assists the institution in accomplishing its objectives by evaluating the effectiveness of World Bank Group governance, risk management, and control
processes. Furthermore, IAD advises management in developing control solutions and monitors the implementation of management’s corrective actions. IAD’s work
is carried out in accordance with the Institute of Internal Auditors (IIA) International Professional Practices Framework. More details can be found at http://www.
worldbank.org/en/about/unit/internal-audit-vice-presidency.
The Inspection Panel is an independent complaints mechanism for people and communities who believe that they have been, or are likely to be, adversely affected

SOCIAL DISCLOSURES • Child Labor

by a World Bank-funded project. The Board of Executive Directors created the Inspection Panel in 1993 to ensure that people have access to an independent body to
express their concerns and seek recourse. The Panel is an impartial fact-finding body, independent from the World Bank management and staff, reporting directly to the
Board. The Inspection Panel process aims to promote accountability at the World Bank, give affected people a greater voice in activities supported by the World Bank
that affect their rights and interests, and foster redress when warranted. More details can be found at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.
aspx.
408-1 Operations 408-1a: Operations and suppliers considered to have significant risk for incidents of: i. child labor; ii. young workers
and suppliers at exposed to hazardous work.
significant risk for
incidents of child
The Government of Uzbekistan has been criticized by the international community for using child and forced labor during the cotton
labor harvest. Currently, the Government of Uzbekistan is progressively reforming the cotton sector in line with its Development Strategy
for 2017-21, which calls for deepening structural reforms in the agricultural sector, optimizing cultivated areas, creating the favorable
conditions for the development of diversified farms, and deepening agroprocessing and value addition.
Third Party Monitoring, conducted by the International Labor Organization since 2015, finds that the systematic use of child labor in
Uzbekistan’s cotton harvest has come to an end, and that concrete measures to stop the use of forced labor have been taken.
408-1b: Operations and suppliers considered to have significant risk for incidents of child labor either in terms of: i.
type of operation (such as manufacturing plant) and supplier; ii. countries or geographic areas with operations and
suppliers considered at risk.
The World Bank has been actively supporting the diversification of agricultural production in Uzbekistan beyond cotton and wheat
into other high-value crops such as fruit and vegetables, and livestock. This support is clearly defined in the World Bank Group Country
Partnership Framework, which was approved in 2016. The World Bank-financed agriculture projects in Uzbekistan focus on improving
agricultural productivity, promoting sustainable management of land and water resources, increasing the efficiency of irrigation
infrastructure, and enhancing the economy’s competitiveness. This is also supported through analytical and advisory services.

69
 408-1 Operations 408-1c: Measures taken by the organization in the reporting period intended to contribute to the effective abolition
and suppliers at of child labor.
significant risk for
incidents of child
In fiscal year 2018, the World Bank continued to ensure that at-risk projects, such as those in Uzbekistan, included measures to
labor prevent the occurrence of child or forced labor by beneficiaries of Bank-supported projects, and are covered by Third Party Monitoring
by the International Labor Organization (ILO). All at-risk projects have legal requirements in their financial agreements related to and
(continued) government compliance with national legislation that prohibits the use of child or forced labor; and implementation of a third-party
monitoring and a feedback mechanism that focuses on child or forced labor issues in connection with the project activities or within
project areas.
Third Party Monitoring, which started in 2015 and is conducted by the ILO, continued in 2018. The report, based on more than 3,000
unaccompanied and unannounced interviews with a representative sample of the country’s 2.6 million cotton pickers, finds that the
SOCIAL DISCLOSURES • Child Labor

systematic use of child labor in Uzbekistan’s cotton harvest has come to an end, and that concrete measures to stop the use of forced
labor have been taken. It also shows that the country is making significant reforms on fundamental labor rights in the cotton fields. But
it did emphasize that education and health sector workers are still at risk of being called to pick cotton. Continued efforts are required
to fully eradicate forced labor and maintain the progress achieved on child labor.
Efforts undertaken by the Uzbekistan Government to fully eradicate forced labor are recognized by international development partners,
as evidenced by upgrading to Tier 2 Watch List by the Department of State Trafficking in Persons Report for 2017.
The World Bank and the ILO are continuing to cooperate on monitoring, awareness-raising activities, capacity building for National
Feedback Mechanisms, Labor Inspectorate, and assessing labor rights and working conditions in horticulture, livestock, and textile
sectors. The Bank is working on advancing policy dialogue on agricultural modernization strategy, creating employment opportunities
for women affected by cotton mechanization, and expanding monitoring social risks and the engagement of citizens.

70 World Bank GRI Index 2018

 GRI 411: INDIGENOUS PEOPLES
103-1a: An explanation of why the topic(s) is/are material - Central to the World Bank’s mission of reducing poverty and boosting shared prosperity in
a sustainable manner is ensuring that the development process fully respects the dignity, human rights, economies, and cultures of Indigenous Peoples. The Bank
recognizes that the identities and cultures of Indigenous Peoples are inextricably linked to the lands on which they live and the natural resources on which they
depend. These distinct circumstances expose Indigenous Peoples to different types of risks and levels of impacts from development projects, including loss of
identity, culture, and customary livelihoods. Gender and intergenerational issues among Indigenous Peoples are also complex. As social groups with identities that
are often distinct from dominant groups in their national societies, Indigenous Peoples are frequently among the most marginalized and vulnerable segments of
the population. As a result, their economic, social, and legal status often limits their capacity to defend their interests in and rights to lands, territories, and other

SOCIAL DISCLOSURES • Indigenous Peoples

productive resources, or restricts their ability to participate in and benefit from development. At the same time, the Bank recognizes that Indigenous Peoples play a
vital role in sustainable development and that their rights are increasingly being addressed under both domestic and international law.
103-2a: An explanation of how the organization manages the topic(s) - The World Bank safeguards policy on Indigenous Peoples, OP/BP 4.10, Indigenous
Peoples, underscores the need for borrowers and Bank staff to identify Indigenous Peoples, consult with them, and ensure that they participate in and benefit from
Bank-funded operations in a culturally appropriate way. It also emphasizes that adverse impacts on them are avoided or, where not feasible, minimized or mitigated.
For all projects that are proposed for World Bank financing and involve Indigenous Peoples, the Bank requires the borrower to engage in a process of free, prior, and
informed consultation. The Bank provides project financing only where there is broad community support to the project by the affected Indigenous Peoples.
103-3a: An explanation of how the organization evaluates the management approach(s) - The new Environmental and Social Framework advances
the World Bank’s existing Indigenous Peoples policy by including Free, Prior, and Informed Consent (FPIC) and by addressing peoples in voluntary isolation,
and pastoralists. This provision is well harmonized with those of other international financial institutions. The safeguards review included a global dialogue and
engagement process with Indigenous Peoples that sought to incorporate Indigenous Peoples in the review and update of the World Bank’s Environmental and Social
Framework, as well as to strengthen World Bank support to and engagement with Indigenous Peoples, more generally. The consultations on the framework included
several dedicated Indigenous Peoples dialogue sessions, which yielded important results in terms of participation, information gathered, and the beginning of a
renewed and stronger relationship with Indigenous Peoples.
For more information, see http://www.worldbank.org/indigenouspeoples.
For more information on the safeguards review process, see https://consultations.worldbank.org/consultation/
review-and-update-world-bank-safeguard-policies.
The World Bank’s Independent Evaluation Group (IEG) evaluates the development effectiveness of the World Bank group. More details can be found at http://ieg.
worldbankgroup.org/
The World Bank’s Internal Audit Vice President (IAD) is an independent, objective assurance and consulting activity that helps to improve World Bank Group
operations. More details can be found at http://www.worldbank.org/en/about/unit/internal-audit-vice-presidency.
The Inspection Panel is an independent complaints mechanism for people and communities who believe that they have been, or are likely to be, adversely affected
by a World Bank-funded project. More details can be found at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

71
 411-1 Incidents of In fiscal year 2016, two projects that appeared to raise complaints regarding non-compliance with the Indigenous Peoples policy were
violations involving processed under the pilot approach for early solutions. Paraguay: Sustainable Agriculture and Rural Development Project, for which the
rights of indigenous panel decided not to investigate as it considered that the pilot approach led to a rapid and effective resolution of the issues raised, and
peoples Kenya: Electric Expansion Project was investigated and is under review. For more information, see case updates on the Inspection Panel
website: http://www.worldbank.org/inspectionpanel

GRI 412: HUMAN RIGHTS

103-1a: An explanation of why the topic(s) is/are material - Human rights principles essential for sustainable development such as nondiscrimination,
meaningful consultation, effective public participation, property rights, accountability, transparency and good governance, are consistently applied in the World
SOCIAL DISCLOSURES • Human Rights

Bank’s work to end poverty and boost shared prosperity.

These principles are embedded in our recently board-approved (August 2016) Environmental and Social Framework, which protects people and the environment in World
Bank investment projects. As the ESF vision statement makes clear, social development and inclusion are critical for all the World Bank’s development interventions
and for achieving sustainable development for member countries. For the Bank, inclusion means empowering all people to participate in, and benefit from, the
development process. Inclusion encompasses policies to promote equality and non-discrimination by improving the access of all people, including the poor and
disadvantaged, to services and benefits such as education, health, social protection, infrastructure, affordable energy, employment, financial services, and productive
assets. Inclusion also embraces action to remove barriers against those who are often excluded from the development process, such as women, children, persons
with disabilities, and youth and minorities, and to ensure that the voices of all are heard. In this regard, the World Bank’s activities support the realization of human
rights expressed in the Universal Declaration of Human Rights. Under the projects financed by the World Bank, in a manner consistent with its Articles of Agreement, the
Bank seeks to avoid adverse impacts, and will continue to support its member countries as they strive to progressively achieve their human rights commitments.
103-1b: The Boundary for the material topic(s) - This topic is material within the Bank’s operational boundary, the project area of influence for World Bank-
financed projects.
103-2a: An explanation of how the organization manages the topic(s) - The World Bank recognizes the importance of human rights principles in
development: transparency, accountability, non-discrimination, equality of opportunity, governance, empowerment, participation, and inclusion. These principles are
reflected in all projects the World Bank finances.
The Bank classifies each proposed project into one of four safeguard categories (A, B, C, or FI) depending on the type, location, sensitivity, and scale of the project
and the nature and magnitude of its potential environmental impacts. The borrower is responsible for any assessment required by the safeguard policies, with Bank
staff providing advice on the application of the policies. Depending on the type of project and its safeguard policy category, the Bank project design incorporates
such issues as public consultation, environmental and social assessments, Indigenous Peoples’ plans, and resettlement frameworks and/or resettlement action plans.
Compliance with these policies forms part of the legal agreements for Bank grants, credits, and loans.
Policies that may be triggered include: OP/BP 4.01, Environmental Assessment; OP/BP 4.04, Natural Habitats; OP 4.09, Pest Management; OP/BP 4.10, Indigenous
Peoples; OP/BP 4.11, Physical Cultural Resources; OP/BP 4.12, Involuntary Resettlement; OP 4.36, Forests; and OP/BP 4.37, Safety of Dams. In addition, the Bank
recognizes that gender issues are an important dimension of its poverty reduction, economic growth, human wellbeing, and development effectiveness agenda. OP/
BP 4.20 establishes a country-level, strategic approach to mainstreaming gender issues in Bank work. For more information on gender issues, see http://www.
worldbank.org/en/topic/gender.

72 World Bank GRI Index 2018

Under the new Environmental and Social Framework (ESF), which will come into force in October 2018, the Bank will classify all investment projects into one of four
classifications: High Risk, Substantial Risk, Moderate Risk, or Low Risk. In determining the appropriate risk classification, the Bank will take into account relevant
issues, such as the type, location, sensitivity, and scale of the project; the nature and magnitude of the potential environmental and social risks and impacts; and the
capacity and commitment of the borrower (including any other entity responsible for the implementation of the project) to manage the environmental and social
risks and impacts in a manner consistent with the Environmental and Social Standards. More information on the ESF can be found at: http://www.worldbank.
org/en/projects-operations/environmental-and-social-framework.
In 2016, the World Bank issued a Directive on Addressing Risks and Impacts on Disadvantaged or Vulnerable Individuals or Groups with the purpose of establishing
directions for Bank staff in respect of such individuals or groups as required under the Environmental and Social Framework. Under the directive, when a project
poses specific risks and impacts to individuals or groups who, because of their particular circumstances, may be disadvantaged, the task team, through its

SOCIAL DISCLOSURES • Human Rights

due diligence responsibilities, supports the borrower in the Environmental and Social Assessment (ESA) process, including in carrying out consultations, and
ascertains whether (1) the environmental and social assessment has properly identified the disadvantaged or vulnerable individuals or groups; and (2) appropriate
differentiated mitigation measures have been incorporated into project design and documented in relevant project material so that adverse impacts do not fall
disproportionately on the disadvantaged or vulnerable, and they are not disadvantaged in sharing any development benefits resulting from the project. The Directive
can be found at: https://policies.worldbank.org/sites/ppf3/PPFDocuments/e5562765a5534ea0b7877e1e775f29d5.pdf.
103-3a: An explanation of how the organization evaluates the management approach(s) - The World Bank’s Independent Evaluation Group (IEG)
evaluates the development effectiveness of the World Bank group. More details can be found at http://ieg.worldbankgroup.org/
The World Bank’s Internal Audit Vice President (IAD) is an independent, objective assurance and consulting activity that helps to improve World Bank Group
operations. More details can be found at http://www.worldbank.org/en/about/unit/internal-audit-vice-presidency.
The Inspection Panel is an independent complaints mechanism for people and communities who believe that they have been, or are likely to be, adversely
affected by a World Bank-funded project. More details can be found at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.
412-1 Operations One hundred percent of the investment projects financed by the World Bank were appraised in accordance with requirements per the
that have been Bank’s policies to protect the environment and people potentially affected by Bank-supported projects. The Bank screens each proposed
subject to human project to determine the appropriate extent and type of environmental and social analysis to be undertaken during project preparation
rights reviews or and whether the project may involve the application of safeguard policies. Environmental and social risk management, including risk
impact assessments mitigation measures, are also referenced in the project legal agreement, and therefore are part of the contract with the borrower. For
details on projects, see: http://projects.worldbank.org.
In August 2016, the World Bank’s Board of Executive Directors approved a new Environmental and Social Framework (ESF). The ESF will
be launched in October of 2018. More information on the ESF can be found at: http://worldbank.org/esf.

73
 412-2 Employee World Bank environmental and social safeguard policies are a cornerstone of the Bank’s support of sustainable development and
training on human poverty reduction. The objective of these policies is to prevent and mitigate undue harm to people and their environment in the
rights policies or development process.
procedures
In fiscal year 2018, 46 hours (23 sessions) of the Bank’s corporate safeguards training program were delivered to 927 staff. In fiscal
year 2017, 96 hours (35 sessions) of the Bank’s corporate safeguards training program were delivered to 1,297 Bank staff both in HQ
and country offices. In fiscal year 2016, 126 hours (21 sessions) of training on safeguard policies were delivered to 600 staff members
in Washington, DC. In fiscal year 2015, 144 hours (24 sessions) of training on Bank safeguard policies were delivered to 500 staff
members in Washington, DC. Various regional offices hosted training workshops, which are not included in these totals. In addition, the
SOCIAL DISCLOSURES • Local Communities

Bank trained 1,623 staff on the new ESF, delivering 1,236 training hours (45 sessions) both in HQ and country offices. Separate sessions
were held for Environmental and Social Specialists, Country Directors, Practice Managers, Communications Specialists, and Bank staff in
general.

GRI 413: LOCAL COMMUNITIES

103-1a: An explanation of why the topic(s) is/are material - The Bank screens all projects proposed for financing to determine the appropriate extent and
type of potential impacts on communities and the environment.
103-1b: The Boundary for the material topic(s) - The topic is material within the Bank’s operational boundaries.
103-2a: An explanation of how the organization manages the topic(s) - If a project is considered to have adverse impacts on a community, the borrower
must carry out an environmental and social impact assessment. This impact assessment will consider gender issues as part of its social analysis. The borrower is
required to consult on environmental and social impacts and mitigation measures with the communities affected by the project. For meaningful consultations
between the borrower and project-affected groups and local non-governmental organizations, the borrower is required to provide relevant material in a timely
manner prior to consultation, in a form and language that are understandable and accessible to the groups being consulted. For projects with significant risks
(categories A and B), the Bank discloses the environmental and social assessment. The borrower is required to establish a project-level grievance redress mechanism
for all projects with adverse impacts.
103-3a: An explanation of how the organization evaluates the management approach(s) - The World Bank’s Independent Evaluation Group (IEG)
evaluates the development effectiveness of the World Bank group. More details can be found at http://ieg.worldbankgroup.org/
The World Bank’s Internal Audit Vice President (IAD) is an independent, objective assurance and consulting activity that helps to improve World Bank Group
operations. More details can be found at http://www.worldbank.org/en/about/unit/internal-audit-vice-presidency
The Inspection Panel is an independent complaints mechanism for people and communities who believe that they have been, or are likely to be, adversely affected
by a World Bank-funded project. More details can be found at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

74 World Bank GRI Index 2018

413-1 Operations All World Bank investment projects require engagement with the local community.
with local
community
engagement,
impact assessments,
and development
programs

413-2 Operations A total of 307 projects were screened in fiscal year 2018, of which 41 were classified as Category A and 178 as B. The rest are

SOCIAL DISCLOSURES • Local Communities

with significant distributed among FI, Category C, and Program for Results projects (not categorized). A total of 418 projects were screened in fiscal
actual and potential year 2017, of which 46 were classified as Category A and 153 as B. The rest were distributed among FI, Category C, and Program for
negative impacts on Results projects (not categorized).
local communities

75