In recent years, the World Bank has supported
clients in reaching the following results:
The World Bank comprises the International Bank for Reconstruction
and Development (IBRD) and the International Development Associ-
ation (IDA). The organization’s mission is to end extreme poverty and
boost shared prosperity in a sustainable way.
The selected global results represented above were
reported by World Bank clients with the support of
Bank-fnanced operations between 2015 and 2017.
44 million benefciaries
covered by social safety net programs
SKU: 211296
1.8 million people
and micro, small, and medium
enterprises reached with fnancial services
3.5 million hectares
of land provided with irrigation services
76,120 kilometers
roads constructed or rehabilitated
273 million people
provided with essential health,
nutrition, and population services
11 million teachers
recruited or trained
47 million people
provided with access to an improved
water source
ANNUAL REPORT 2018
World Bank Annual Report 2018
2018 International Bank for Reconstruction
and Development / The World Bank
1818 H Street NW, Washington, DC 20433
Telephone: 202-473-1000
Internet: worldbank
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Production credits.
The World Bank Annual Report 2018
was produced by the World Bank Group’s External
and Corporate Relations unit, under the direction of Jeremy Hillman in the Corporate Communications
department, with editorial coordination by Daniel Nikolits and Leslie Yun. Design by Naylor Design, Inc.
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Financial Statements incorporated by reference. The Management’s Discussion and
Analysis and Audited Financial Statements of IBRD and IDA (“Financial Statements”)
shall be deemed to be incorporated in and to form part of this Annual Report. The
Financial Statements may be access at worldbank/fnancialresults.
Additional IBRD and IDA fnancial, lending, and organizational information is avail-
able on the World Bank Annual Report 2018 website: worldbank
/annualreport.
For more information on the World Bank or its publicly-available data and
knowledge resources, visit online:
Finances One: https://fnancesapp.worldbank/
Corporate Scorecard: http://scorecard.worldbank
World Bank Open Data: http://data.worldbank
Open Knowledge Repository: http://openknowledge.worldbank
World Bank Corporate Responsibility: worldbank/corporateresponsibility
World Bank Access to Information: worldbank/en/access-to-information
Contents
2 Introduction
3 Message from the President
10 Message from the Executive Directors
13 Message from the CEO of IBRD and IDA
15 Supporting Clients in Priority Areas
34 Innovative Finance for Development Solutions
37 Promoting Development through Research, Analysis, and Data
40 Mobilizing Partnerships in a New Development Landscape
45 Regional Perspectives
70 Strengthening Operations, Policies, and Processes
73 Maintaining a Socially and Environmentally Responsible Institution
77 Ensuring Accountability and Monitoring Operations
80 Deploying Resources Strategically
90 Committed to Results
KEY TABLES
84IBRD Key Financial Indicators, Fiscal 2014–18
88IDA Key Financial Indicators, Fiscal 2014–18
This Annual Report, which covers the period from July 1, 2017, to June 30, 2018,
has been prepared by the Executive Directors of both the International Bank
for Reconstruction and Development (IBRD) and the International Development
Association (IDA)—collectively known as the World Bank—in accordance with
the respective bylaws of the two institutions. Dr. Jim Yong Kim, President of
the World Bank Group and Chairman of the Board of Executive Directors, has
submitted this report, together with the accompanying administrative budgets
and audited fnancial statements, to the Board of Governors.
Annual Reports for the International Finance Corporation (IFC), the Multilateral
Investment Guarantee Agency (MIGA), and the International Centre for
Settlement of Investment Disputes (ICSID) are published separately.
Throughout the report, the term
World Bank
and the abbreviated
Bank
ref