Results and Performance of the World Bank Group 2012 : Volume I
After a sustained period of considerable achievement in poverty reduction, developing countries are now navigating an increasingly uncertain time. Developing countries overall are estimated to have achieved, ahead of schedule, the Millennium Develo...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/03/17473997/results-performance-world-bank-group-2012 http://hdl.handle.net/10986/13120 |
| Summary: | After a sustained period of considerable
achievement in poverty reduction, developing countries are
now navigating an increasingly uncertain time. Developing
countries overall are estimated to have achieved, ahead of
schedule, the Millennium Development Goal (MDG) of cutting
the 1990 rate of extreme poverty in half. The global
development context has direct implications for the World
Bank Group's clients, and ultimately for the World Bank
Group itself. The Bank Group delivered a large-scale
response to the global financial crisis of 2008-09. The
portfolio of the Multilateral Investment Guarantee Agency
(MIGA) became highly concentrated in the financial sector in
the Europe and Central Asia region during the crisis, but
the agency has made progress in diversifying its portfolio
since FY11. The country program, as defined in a country
assistance (or partnership) strategy, is an important
intersection point for the activities of the three Bank
Group institutions. Since the 2008-09 crises, Bank Group
support for reforms to expand economic opportunities has
been particularly relevant. The increasing concentration of
International Finance Corporation (IFC) and MIGA portfolios
in the financial sector gives rise to both opportunities and
challenges. Crises, ratings for development policy
operations remained high. |
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