91155 v3 Annual Report 2014 Organizational Information and Lending Data Appendixes Contents Lending Data 4 Africa: World Bank Lending by Theme and Sector 5 East Asia and Pacific: World Bank Lending by Theme and Sector 6 Europe and Central Asia: World Bank Lending by Theme and Sector 7 Latin America and the Caribbean: World Bank Lending by Theme and Sector 8 Middle East and North Africa: World Bank Lending by Theme and Sector 9 South Asia: World Bank Lending by Theme and Sector 10 Africa: World Bank Commitments, Disbursements, and Net Transfers 11 East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers 12 Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers 13 Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers 14 Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers 15 South Asia: World Bank Commitments, Disbursements, and Net Transfers 16 Operations Approved for IBRD and IDA Assistance in Fiscal 2014, by Region and Country 17 World Bank Development Policy Operations 20 World Bank Development Policy Commitments 22 World Bank Lending for Climate Change Adaptation and Mitigation, by Sector and Region 23 IBRD and IDA Cumulative Lending since Fiscal 1990 by Theme and Sector, by Region 25 IBRD and IDA Cumulative Lending, by Country 27 Active Project Portfolio by Region, Theme, and Sector 32 New Operations Approved 33 Summaries of Operations Approved during Fiscal 2014, Africa 34 Summaries of Operations Approved during Fiscal 2014, East Asia and Pacific 48 Summaries of Operations Approved during Fiscal 2014, Europe and Central Asia 54 Summaries of Operations Approved during Fiscal 2014, Latin America and the Caribbean 59 Summaries of Operations Approved during Fiscal 2014, Middle East and North Africa 64 Summaries of Operations Approved during Fiscal 2014, South Asia 67 Income by Region 72 Population living below $1.25 and $2 a day | 1981–2010 73 Share of people living on less than $1.25 a day 74 The number of people living on less than $1.25 a day and between $1.25 and $2 a day 75 Gross Domestic Product per Capita Index, 2002–13 76 Organizational Information 77 Governors and Alternatives of the World Bank 78 Executive Directors and Alternates of the World Bank and Their Voting Power 83 Development Committee Communique (October 12, 2013) 86 Development Committee Communique (April 12, 2014) 89 Officers of the World Bank 92 Organization Chart of the World Bank (April 20, 2014) 93 Remuneration of Executive Management, Executive Directors, and Staff 94 Offices of the World Bank 97 International Development Association Membership 104 Country Eligibility for Borrowing from the World Bank 109 World Bank Expenditures by Program 112 Contribution: Top-10 Trust Fund Donors 113 Global Reporting Initiative (GRI) Index – G4 Sustainability Reporting 114 World Bank Lending 2014 161 Lending Data Africa: World Bank Lending by Theme and Sector 5 East Asia and Pacific: World Bank Lending by Theme and Sector 6 Europe and Central Asia: World Bank Lending by Theme and Sector 7 Latin America and the Caribbean: World Bank Lending by Theme and Sector 8 Middle East and North Africa: World Bank Lending by Theme and Sector 9 South Asia: World Bank Lending by Theme and Sector 10 Africa: World Bank Commitments, Disbursements, and Net Transfers 11 East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers 12 Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers 13 Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers 14 Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers 15 South Asia: World Bank Commitments, Disbursements, and Net Transfers 16 Operations Approved for IBRD and IDA Assistance in Fiscal 2014, by Region and Country 17 World Bank Development Policy Operations 20 World Bank Development Policy Commitments 22 World Bank Lending for Climate Change Adaptation and Mitigation, by Sector and Region 23 IBRD and IDA Cumulative Lending since Fiscal 1990 by Theme and Sector, by Region 25 IBRD and IDA Cumulative Lending, by Country 27 Active Project Portfolio by Region, Theme, and Sector 32 Africa: World Bank Lending by Theme and Sector | Fiscal 2010–14 millions of dollars Theme 2010 2011 2012 2013 2014 Economic Management 285 109 23 39 93 Environment and Natural Resources Management 520 424 1,005 466 1,176 Financial and Private Sector Development 5,022 1,462 1,198 1,042 2,052 Human Development 870 744 676 699 1,169 Public Sector Governance 718 1,042 869 912 887 Rule of Law 18 7 22 96 34 Rural Development 1,557 989 907 1,335 1,727 Social Development, Gender, and Inclusion 82 131 260 264 246 Social Protection and Risk Management 754 251 939 866 1,057 Trade and Integration 655 790 372 1,360 741 Urban Development 955 1,112 1,253 1,167 1,431 Theme total 11,437 7,060 7,525 8,245 10,613 Sector 2010 2011 2012 2013 2014 Agriculture, Fishing, and Forestry 617 843 739 970 1,132 Education 353 498 220 626 692 Energy and Mining 4,937 890 1,374 1,218 1,950 Finance 376 107 95 36 397 Health and Other Social Services 1,182 591 1,125 997 967 Industry and Trade 234 433 332 258 480 Information and Communications 55 259 63 106 76 Public Administration, Law, and Justice 1,562 1,856 1,874 1,782 2,140 Transportation 1,673 938 351 1,843 1,467 Water, Sanitation, and Flood Protection 447 646 1,352 410 1,312 Sector total 11,437 7,060 7,525 8,245 10,613 Of which IBRD 4,258 56 147 42 420 Of which IDA 7,179 7,004 7,379 8,203 10,193 Note: Numbers may not add to totals because of rounding. East Asia and Pacific: World Bank Lending by Theme and Sector | Fiscal 2010–14 millions of dollars Theme 2010 2011 2012 2013 2014 Economic Management 34 161 345 92 30 Environment and Natural Resources Management 827 1,510 781 683 674 Financial and Private Sector Development 1,038 1,029 1,048 692 1,370 Human Development 974 311 466 668 776 Public Sector Governance 919 1,596 941 675 680 Rule of Law 0 35 0 0 0 Rural Development 1,143 1,114 699 1,341 803 Social Development, Gender, and Inclusion 429 153 83 462 297 Social Protection and Risk Management 1,000 259 934 514 614 Trade and Integration 182 562 273 257 192 Urban Development 972 1,268 1,057 863 878 Theme total 7,517 7,997 6,628 6,247 6,313 Sector 2010 2011 2012 2013 2014 Agriculture, Fishing, and Forestry 738 325 395 185 597 Education 1,127 164 249 579 557 Energy and Mining 643 1,695 508 736 827 Finance 166 32 537 313 68 Health and Other Social Services 778 290 391 542 487 Industry and Trade 147 246 90 271 258 Information and Communications 14 28 53 35 52 Public Administration, Law, and Justice 1,908 2,221 1,988 1,428 1,263 Transportation 1,155 1,942 1,070 1,098 1,870 Water, Sanitation, and Flood Protection 841 1,056 1,348 1,061 333 Sector total 7,517 7,997 6,628 6,247 6,313 Of which IBRD 5,865 6,370 5,431 3,661 4,181 Of which IDA 1,652 1,627 1,197 2,586 2,131 Note: Numbers may not add to totals because of rounding. Europe and Central Asia: World Bank Lending by Theme and Sector | Fiscal 2010–14 millions of dollars Theme 2010 2011 2012 2013 2014 Economic Management 861 363 616 218 338 Environment and Natural Resources Management 666 1,377 547 382 221 Financial and Private Sector Development 3,937 1,338 1,715 1,220 1,375 Human Development 1,350 601 837 293 640 Public Sector Governance 1,462 246 949 608 1,054 Rule of Law 27 33 17 461 66 Rural Development 513 199 104 330 603 Social Development, Gender, and Inclusion 4 88 48 12 0 Social Protection and Risk Management 1,430 1,302 355 814 380 Trade and Integration 208 368 1,206 737 65 Urban Development 360 208 201 243 786 Theme total 10,816 6,125 6,595 5,320 5,527 Sector 2010 2011 2012 2013 2014 Agriculture, Fishing, and Forestry 167 121 60 199 449 Education 606 220 95 74 90 Energy and Mining 556 1,870 1,559 332 1,203 Finance 3,137 380 494 1,215 462 Health and Other Social Services 1,092 1,204 1,202 630 552 Industry and Trade 456 253 229 483 456 Information and Communications 9 28 14 5 13 Public Administration, Law, and Justice 3,267 1,663 1,545 1,326 1,708 Transportation 870 243 1,280 916 89 Water, Sanitation, and Flood Protection 657 142 119 140 507 Sector total 10,816 6,125 6,595 5,320 5,527 Of which IBRD 10,196 5,470 6,233 4,591 4,729 Of which IDA 620 655 362 729 798 Note: Numbers may not add to totals because of rounding. Latin America and the Caribbean: World Bank Lending by Theme and Sector | Fiscal 2010–14 millions of dollars Theme 2010 2011 2012 2013 2014 Economic Management 1,657 22 274 135 65 Environment and Natural Resources Management 1,404 1,266 1,032 428 457 Financial and Private Sector Development 1,496 1,116 382 203 131 Human Development 3,414 1,553 1,399 995 695 Public Sector Governance 1,964 776 864 1,108 1,549 Rule of Law 23 85 75 8 0 Rural Development 388 723 816 647 399 Social Development, Gender, and Inclusion 163 206 198 307 394 Social Protection and Risk Management 978 2,454 794 819 543 Trade and Integration 395 154 20 212 72 Urban Development 2,026 1,274 775 344 763 Theme total 13,907 9,629 6,629 5,204 5,068 Sector 2010 2011 2012 2013 2014 Agriculture, Fishing, and Forestry 190 213 730 324 228 Education 1,351 348 1,038 639 672 Energy and Mining 1,340 592 12 140 54 Finance 868 282 287 154 89 Health and Other Social Services 2,926 3,089 606 891 711 Industry and Trade 324 750 364 164 142 Information and Communications 1 109 21 3 0 Public Administration, Law, and Justice 2,748 2,039 2,025 2,084 1,841 Transportation 3,362 1,120 1,235 694 746 Water, Sanitation, and Flood Protection 797 1,088 310 111 586 Sector total 13,907 9,629 6,629 5,204 5,068 Of which IBRD 13,667 9,169 6,181 4,769 4,609 Of which IDA 240 460 448 435 460 Note: Numbers may not add to totals because of rounding. Middle East and North Africa: World Bank Lending by Theme and Sector | Fiscal 2010–14 millions of dollars Theme 2010 2011 2012 2013 2014 Economic Management 0 0 35 0 46 Environment and Natural Resources Management 174 295 200 78 277 Financial and Private Sector Development 2,109 377 308 979 862 Human Development 170 181 116 300 129 Public Sector Governance 291 197 110 165 427 Rule of Law 139 0 11 0 189 Rural Development 381 418 135 237 462 Social Development, Gender, and Inclusion 18 89 109 53 103 Social Protection and Risk Management 137 159 249 147 24 Trade and Integration 141 109 0 40 239 Urban Development 177 241 241 59 30 Theme total 3,737 2,065 1,513 2,058 2,788 Sector 2010 2011 2012 2013 2014 Agriculture, Fishing, and Forestry 119 251 2 203 120 Education 78 40 119 204 0 Energy and Mining 676 0 445 591 210 Finance 1,485 50 135 210 773 Health and Other Social Services 176 234 390 243 210 Industry and Trade 16 109 59 88 113 Information and Communications 45 50 0 55 219 Public Administration, Law, and Justice 452 327 286 334 539 Transportation 416 483 4 31 431 Water, Sanitation, and Flood Protection 273 520 73 98 174 Sector total 3,737 2,065 1,513 2,058 2,788 Of which IBRD 3,523 1,942 1,433 1,809 2,588 Of which IDA 214 123 80 249 199 Note: Numbers may not add to totals because of rounding. South Asia: World Bank Lending by Theme and Sector | Fiscal 2010–14 millions of dollars Theme 2010 2011 2012 2013 2014 Economic Management 1,114 0 0 0 384 Environment and Natural Resources Management 746 1,230 431 433 1,077 Financial and Private Sector Development 4,124 2,660 92 243 2,238 Human Development 1,643 838 1,467 1,393 1,783 Public Sector Governance 397 661 303 323 655 Rule of Law 0 9 1 25 2 Rural Development 1,023 2,194 2,781 762 2,444 Social Development, Gender, and Inclusion 256 241 549 211 25 Social Protection and Risk Management 708 1,265 231 797 969 Trade and Integration 237 622 0 101 334 Urban Development 1,085 410 590 186 624 Theme total 11,334 10,130 6,446 4,474 10,535 Sector 2010 2011 2012 2013 2014 Agriculture, Fishing, and Forestry 787 375 1,208 231 533 Education 1,429 464 1,237 609 1,446 Energy and Mining 1,774 760 1,103 263 2,446 Finance 3,104 46 216 127 195 Health and Other Social Services 638 1,299 477 1,061 426 Industry and Trade 74 376 278 168 359 Information and Communications 22 166 7 24 22 Public Administration, Law, and Justice 891 1,567 1,011 1,037 1,347 Transportation 1,525 3,913 506 553 2,342 Water, Sanitation, and Flood Protection 1,088 1,165 403 401 1,419 Sector total 11,334 10,130 6,446 4,474 10,535 Of which IBRD 6,689 3,730 1,158 378 2,077 Of which IDA 4,645 6,400 5,288 4,096 8,458 Note: Numbers may not add to totals because of rounding. Africa: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2010–14 millions of dollars Nigeria Ethiopia Tanzania Total region Item 2014 2010–2014 2014 2010–2014 2014 2010–2014 2014 2010–2014 IBRD and IDA commitments 2,023 5,808 1,624 5,179 640 3,014 10,613 44,880 Undisbursed balances 4,389 4,389 3,194 3,194 1,912 1,912 28,847 28,847 Gross disbursements 947 3,830 924 3,990 638 3,078 6,932 30,891 Repayments 91 467 13 42 12 33 430 2,244 Net disbursements 856 3,363 911 3,947 626 3,045 6,502 28,647 Interest and charges 38 155 26 85 33 128 317 1,312 Net transfers 817 3,209 885 3,862 593 2,917 6,184 27,335 Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2013 and 2014). 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 2010–14 millions of dollars China Vietnam Indonesia Total region Item 2014 2010–2014 2014 2010–2014 2014 2010–2014 2014 2010–2014 IBRD and IDA commitments 1,615 7,569 1,541 9,149 1,072 11,268 6,313 34,701 Undisbursed balances 7,102 7,102 6,163 6,163 4,954 4,954 21,208 21,208 Gross disbursements 1,247 6,324 1,331 6,985 1,498 8,369 4,856 26,571 Repayments 2,149 10,112 93 347 423 3,424 3,089 17,607 Net disbursements -902 -3,788 1,238 6,639 1,075 4,945 1,767 8,964 Interest and charges 139 1,013 98 353 265 1,399 602 3,405 Net transfers -1,041 -4,801 1,141 6,286 811 3,546 1,165 5,559 Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2013 and 2014). 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 2010–14 millions of dollars Ukraine Romania Turkey Total region Item 2014 2010–2014 2014 2010–2014 2014 2010–2014 2014 2010–2014 IBRD and IDA commitments 1,382 2,652 1,374 4,873 300 7,061 5,617 34,472 Undisbursed balances 1,393 1,393 1,915 1,915 1,475 1,475 13,307 13,307 Gross disbursements 1,115 2,401 1,493 3,833 1,137 8,818 7,056 32,848 Repayments 255 1,277 327 1,498 834 3,793 3,283 15,146 Net disbursements 860 1,124 1,166 2,334 303 5,026 3,772 17,702 Interest and charges 23 167 49 286 141 930 485 3,111 Net transfers 837 957 1,117 2,048 163 4,095 3,287 14,591 Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2013 and 2014). 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 2010–14 millions of dollars Brazil Colombia Guatemala Total region Item 2014 2010–2014 2014 2010–2014 2014 2010–2014 2014 2010–2014 IBRD and IDA commitments 2,019 14,586 870 3,618 340 1,137 5,068 40,437 Undisbursed balances 5,834 5,834 1,204 1,204 416 416 15,648 15,648 Gross disbursements 2,701 13,006 650 3,597 228 934 5,981 39,158 Repayments 287 9,737 726 2,049 79 399 2,831 22,387 Net disbursements 2,414 3,268 -76 1,548 150 535 3,150 16,771 Interest and charges 177 970 233 1,219 55 261 1,014 5,451 Net transfers 2,237 2,299 -309 329 95 274 2,135 11,320 Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2013 and 2014). 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 2010–14 millions of dollars Morocco Tunisia Egypt, Arab Rep. Total region Item 2014 2010-2014 2014 2010-2014 2014 2010-2014 2014 2010-2014 IBRD and IDA commitments 1,096 3,565 426 1,656 300 4,110 2,788 12,160 Undisbursed balances 1,243 1,243 597 597 3,283 3,283 6,741 6,741 Gross disbursements 781 2,712 37 1,616 373 2,218 1,939 9,188 Repayments 171 982 180 799 172 752 894 4,057 Net disbursements 610 1,730 -144 818 200 1,466 1,045 5,131 Interest and charges 59 311 35 209 49 263 187 1,022 Net transfers 551 1,419 -178 609 151 1,203 858 4,109 Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2013 and 2014). 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 2010–14 millions of dollars India Pakistan Bangladesh Total region Item 2014 2010–2014 2014 2010–2014 2014 2010–2014 2014 2010–2014 IBRD and IDA commitments 5,109 24,420 2,098 6,485 1,888 7,288 10,445 42,828 Undisbursed balances 16,283 16,283 2,876 2,876 4,639 4,639 26,536 26,536 Gross disbursements 2,257 13,621 1,654 4,437 809 2,784 5,436 23,939 Repayments 1,949 7,954 463 1,921 289 1,319 2,838 11,789 Net disbursements 308 5,667 1,191 2,516 520 1,466 2,598 12,149 Interest and charges 281 1,512 107 535 85 411 513 2,638 Net transfers 26 4,155 1,084 1,981 434 1,055 2,085 9,511 Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2013 and 2014). 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 in Fiscal 2014, by Region and Country millions of dollars IBRD IDA Total Region and country Operations Amount Operations Amount Operations Amount Africa Africa (regional) 8 1,179 8 1,179 Angola 1 75 1 75 Benin 5 119 5 119 Burkina Faso 6 321 6 321 Burundi 2 126 2 126 Cabo Verde 1 16 1 16 Cameroon 2 91 2 91 Central African Republic 2 50 2 50 Chad 3 36 3 36 Comoros 3 12 3 12 Congo, Dem. Rep. 7 282 7 282 Congo, Rep. 5 29 5 29 Côte d'Ivoire 4 135 4 135 Ethiopia 8 1,624 8 1,624 Gabon 1 18 1 18 Gambia, The 4 37 4 37 Ghana 5 391 5 391 Guinea 1 50 1 50 Guinea-Bissau 3 46 3 46 Kenya 5 535 5 535 Lesotho 3 34 3 34 Liberia 1 22 1 22 Madagascar 2 75 2 75 Malawi 2 84 2 84 Mali 5 312 5 312 Mauritania 2 141 2 141 Mozambique 5 409 5 409 Niger 3 210 3 210 Nigeria 1 395 7 1,628 8 2,023 Rwanda 5 175 5 175 São Tomé and Príncipe 2 4 2 4 Senegal 6 350 6 350 Seychelles 7 7 Sierra Leone 5 97 5 97 South Sudan 2 44 2 44 Tanzania 6 640 6 640 Togo 3 40 3 40 Uganda 4 724 4 724 Zambia 1 52 1 52 Total 2 420 139 10,193 141 10,613 East Asia and Pacific China 12 1,615 12 1,615 Indonesia 4 1,072 4 1,072 Kiribati 1 5 1 5 Lao PDR 5 103 5 103 Micronesia, Fed. Sts. 1 14 1 14 Mongolia 4 94 4 94 Myanmar 4 282 4 282 IBRD IDA Total Region and country Operations Amount Operations Amount Operations Amount Pacific Islands (regional) 1 2 1 2 Papua New Guinea 2 157 2 157 Philippines 2 1,279 2 1,279 Samoa 4 65 4 65 Solomon Islands 1 18 1 18 Timor-Leste 1 15 0 25 1 40 Tonga 2 17 2 17 Tuvalu 2 9 2 9 Vietnam 1 200 9 1,341 10 1,541 Total 20 4,181 36 2,131 56 6,313 Europe and Central Asia Albania 3 305 3 305 Armenia 3 69 1 87 4 156 Azerbaijan 1 35 1 35 Belarus 2 180 2 180 Bosnia and Herzegovina 3 156 3 156 Central Asia (regional) 1 45 1 45 Croatia 2 310 2 310 Georgia 2 130 1 73 3 203 Kazakhstan 1 36 1 36 Kosovo 2 57 2 57 Kyrgyz Republic 2 50 2 50 Macedonia, FYR 2 74 2 74 Moldova 1 9 1 52 2 61 Montenegro 1 7 1 7 Romania 2 1,374 2 1,374 Russian Federation 2 110 2 110 Serbia 2 240 2 240 Tajikistan 2 37 2 37 Turkey 1 300 1 300 Ukraine 3 1,382 3 1,382 Uzbekistan 2 168 0 243 2 411 Total 30 4,729 13 798 43 5,527 Latin America and the Caribbean Bolivia 3 93 3 93 Brazil 8 2,019 8 2,019 Central America (regional) 1 24 1 24 Colombia 3 870 3 870 Dominica 1 17 1 17 Ecuador 2 305 2 305 Grenada 1 15 1 15 Guatemala 1 340 1 340 Guyana 2 22 2 22 Haiti 3 103 3 103 Honduras 1 12 1 12 Jamaica 3 224 3 224 Mexico 2 356 2 356 Nicaragua 3 97 3 97 OECS countries 1 41 1 41 IBRD IDA Total Region and country Operations Amount Operations Amount Operations Amount Panama 1 200 1 200 Paraguay 1 100 1 100 Peru 3 195 3 195 St. Vincent and the Grenadines 1 36 1 36 Total 24 4,609 17 460 41 5,068 Middle East and North Africa Djibouti 2 8 2 8 Egypt, Arab Rep. 1 300 1 300 Iraq 1 355 1 355 Jordan 2 400 2 400 Lebanon 2 12 2 12 Morocco 4 1,096 4 1,096 Tunisia 4 426 4 426 Yemen, Rep. 5 192 5 192 Total 14 2,588 7 199 21 2,788 South Asia Afghanistan 2 107 2 107 Bangladesh 8 1,888 8 1,888 Bhutan 1 17 1 17 India 4 1,975 12 3,134 16 5,109 Maldives 2 23 2 23 Nepal 3 222 3 222 Pakistan 4 2,098 4 2,098 South Asia (regional) 1 527 1 527 Sri Lanka 1 102 4 442 5 544 Total 5 2,077 37 8,458 42 10,535 Overall total 95 18,604 249 22,239 344 40,843 Note: Data include guarantees. Supplemental and additional financing operations (except for projects scaled up through additional financing) are not counted as separate lending operations, although they are included in the amount. Joint IBRD-IDA operations are counted only once, as IBRD operations. A blank space indicates zero; OECS = Organization of Eastern Caribbean States. Data as of 7/28/2014 World Bank Development Policy Operations | Fiscal 2014 millions of dollars Country Project ID Operation IBRD IDA Total Afghanistan P118027 Programmatic Development Policy Series 0 50 50 Albania P146280 Financial Sector Development Policy Loan 100 0 100 Albania P147226 Public Finance Development Policy Loan 120 0 120 Armenia P127754 First Development Policy Operation (New Series) 31 41 72 Benin P132786 Ninth Poverty Reduction Support Credit 0 20 20 Brazil P147695 Enhancing Public Management for Service Delivery 500 0 500 Brazil P147913 Acre: Strengthening Public Policies Development Policy Loan 250 0 250 Brazil P147979 Amazonas: Modernizing Public Sector Management, Citizen Security, and Gender Policy Development Policy Loan 216 0 216 Brazil P148083 Strengthening Fiscal and Water Management Development Policy Loan 280 0 280 Burkina Faso P146640 Third Growth and Competitiveness Credit 0 100 100 Burundi P144612 Seventh Economic Reform Support Grant 0 26 26 Cabo Verde P127411 Eigth Poverty Reduction Support Credit 0 16 16 Colombia P145605 Enhancing Fiscal Capacity to Promote Shared Prosperity Development Policy Loan 600 0 600 Comoros P131688 Economic Governance Reform Grant 0 4 4 Côte d'Ivoire P127449 First Poverty Reduction Support Grant 0 50 50 Croatia P127665 Second Economic Recovery Development Policy Loan 207 0 207 Georgia P146890 Third Competitiveness and Growth Development Policy Operation 70 23 93 Grenada P147152 First Programmatic Resilience Building Development Policy Credit 0 15 15 Guatemala P133738 Second Enhanced Fiscal and Financial Management for Greater Opportunities Development Policy Loan 340 0 340 Indonesia P144774 Second Connectivity Development Policy Loan 300 0 300 Indonesia P144775 Second Institutional, Tax Administration, Social, and Investment Development Policy Loan 400 0 400 Jamaica P145995 First Programmatic Development Policy Loan 130 0 130 Jordan P125483 Second Programmatic Development Policy Loan 250 0 250 Kiribati P144602 First Economic Reform Development Policy Operation 0 5 5 Kyrgyz Republic P126034 First Programmatic Development Policy Operation 0 25 25 Kyrgyz Republic P126274 Second Programmatic Development Policy Operation 0 25 25 Lao PDR P143025 Ninth Poverty Reduction Support Operation 0 20 20 Macedonia, FYR P130847 Second Programmatic Competitiveness Development Policy Operation 50 0 50 Mexico P147244 Third Upper Secondary Education Development Policy Loan 301 0 301 Moldova P143283 First Development Policy Operation 9 21 30 Morocco P127956 First Inclusive Green Growth Development Policy Loan 300 0 300 Morocco P130903 First Accountability and Transparency Development Policy Loan 200 0 200 Morocco P147257 First Capital Market Development and Small- and Medium-Sized Finance Development Policy Loan 300 0 300 Mozambique P131212 Ninth Poverty Reduction Support Credit 0 110 110 Country Project ID Operation IBRD IDA Total Niger P145251 Third Shared Growth Credit 0 70 70 Nigeria P123352 Second Lagos State Development Policy Operation 0 200 200 Pakistan P128258 First Power Sector Reform Development Policy Credit 0 600 600 Pakistan P147557 First Fiscally Sustainable and Inclusive Growth Development Policy Credit 0 400 400 Panama P146942 Third Programmatic Fiscal Management and Efficiency of Expenditures Development Policy Loan 200 0 200 Philippines P148862 Supplemental Financing for the Second Development Policy Loan 500 0 500 Romania P148957 First Fiscal Effectiveness and Growth Development Policy Loan 1,035 0 1,035 Rwanda P146452 Third Support to the Social Protection System Development Policy Operation 0 70 70 Samoa P144377 First Samoa Development Policy Operation 0 15 15 Senegal P126470 Second Governance and Growth Support Credit 0 30 30 Seychelles P132425 Second Sustainability and Competitiveness Development Policy Loan 7 0 7 Sierra Leone P133107 Sixth Governance Reform and Growth Grant 0 25 25 Solomon Islands P143242 Second Solomon Islands Development Policy Operation 0 2 2 Sri Lanka P147454 Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option 102 0 102 Tanzania P120536 Eleventh Poverty Reduction Support Credit 0 85 85 Tanzania P145254 Second Power and Gas Sector Development Policy Operation 0 100 100 Togo P132208 Sixth Economic Recovery and Governance Credit 0 14 14 Tonga P144601 First Economic Reform Support Development Policy Operation 0 5 5 Tunisia P132709 Second Governance, Opportunities, and Jobs Development Policy Loan 250 0 250 Tuvalu P145488 First Tuvalu Development Policy Operation 0 3 3 Ukraine P150313 First Development Policy Loan 750 0 750 Vietnam P131775 Third Climate Change Development Policy Operation 0 70 70 Vietnam P144675 Third Power Sector Reform Development Policy Operation 200 0 200 Vietnam P146095 Second Econonomic Management and Competitiveness Development Policy Credit 0 250 250 Total 7,997 2,489 10,487 Note: Numbers may not add to totals because of rounding. World Bank Development Policy Commitments | Fiscal 2010–14 2010 2011 2012 2013 2014 Region $ millions Percent $ millions Percent $ millions Percent $ millions Percent $ millions Percent Africa 1,503 7 1,357 12 1,325 11 938 10 926.30 9 East Asia and Pacific 2,477 11 2,545 22 3,331 27 1,635 18 1,770 17 Europe and Central Asia 8,027 35 2,766 24 3,720 31 2,328 26 2,506 24 Latin America and the Caribbean 6,820 30 3,613 31 3,434 28 2,875 32 2,832 27 Middle East and North Africa 1,710 7 1,100 10 350 3 1,093 12 1,300 12 South Asia 2,421 11 175 2 166 2 1,152 11 Total 22,958 100 11,556 100 12,160 100 9,034 100 10,487 100 World Bank Development Policy Loan Commitments IBRD 20,588 90 9,524 82 10,333 85 7,080 78 7,997 76 IDA 2,370 10 2,032 18 1,827 15 1,954 22 2,489 24 Total 22,958 100 11,556 100 12,160 100 9,034 100 10,487 100 World Bank Total Lending Commitments IBRD 44,197 26,737 20,582 15,249 18,604 IDA 14,550 16,269 14,753 16,298 22,239 Total 58,747 43,006 35,335 31,547 40,843 Share of Development Policy Commitments 39 27 34 29 26 Note: Numbers may not add to totals because of rounding. World Bank Lending for Climate Change Adaptation and Mitigation, by Sector | Fiscal 2014 millions of dollars Adaptation Adaptation share of Mitigation Mitigation share co-benefits commitment co-benefits of commitment Financier committed (percent) committed (percent) IBRD 642 19.4 3,124 51.5 IDA 2,661 80.6 2,941 48.5 Total IBRD/IDA 3,303 100 6,065 100 World Bank Financing Contributing to Climate Change Adaptation IBRD/IDA Adaptation Co-Benefits, by Major Sector millions of dollars Total Adaptation Financing: $3.3 billion Adaptation Sector share of - of which IBRD: $642 million co-benefits commitment - of which IDA: $2.7 billion Major sector committed (percent) Water, Sanitation, and Flood Protection Agriculture, Fishing, and Forestry 1,132 34.3 27% Agriculture, Fishing, and Forestry Education 0.24 0.0 34% Energy and Mining 325 9.8 Finance 58 1.7 Health and Other Social Services 81 2.5 Industry and Trade 178 5.4 Transportation Education Information and Communications n.a. 0.0 <1% <1% Public Administration, Law and Justice 331 10.0 Transportation 310 9.4 Public Administration, Energy and Mining Water, Sanitation, and Flood Protection 888 26.9 Law, and Justice 10% 17% Health and Other Information and Total 3,303 100 Communications Finance Social Services Industry and Trade <1% 0% 3% 5% IBRD/IDA Mitigation Co-Benefits, by Major Sector millions of dollars World Bank Financing Contributing to Climate Change Mitigation Mitigation Sector Share of Water, Sanitation, and Flood Protection Agriculture, Fishing, co-benefits Commitment Transportation 1% and Forestry Major sector committed (percent) 34% 4% Agriculture, Fishing, and Forestry 242 4.0 Education Public Administration, 0% Education n.a. 0.0 Law, and Justice Energy and Mining 3,551 58.6 6% Finance n.a. 0.0 Health and Other Social Services n.a. 0.0 Energy and Mining Industry and Trade 4 0.1 59% Information and Communications n.a. 0.0 Public Administration, Law and Justice 151 2.5 Health and Other Social Services Transportation 2,055 33.9 <1% Water, Sanitation, and Flood Protection 62 1.0 Industry and Trade Information and Total Mitigation Financing: $6.1 billion Total 6,065 100 0% Finance - of which IBRD: $3.1 billion Communications 0% <1% - of which IDA: $2.9 billion Note: n.a. = not applicable. World Bank Lending for Climate Change Adaptation and Mitigation, by Region | Fiscal 2014 IBRD/IDA Climate Co-Benefits millions of dollars Total IBRD/IDA Adaptation co-benefits Mitigation co-benefits Region commitment Committed Share (percent) Committed Share (percent) Africa 10,613 865 8 1,035 10 East Asia and Pacific 6,313 556 9 1,019 16 Europe and Central Asia 5,527 450 8 652 12 Latin America and the Caribbean 5,068 288 6 486 10 Middle East and North Africa 2,788 69 2 238 9 South Asia 10,535 1,075 10 2,635 25 Total 40,843 3,303 8 6,065 15 IBRD Climate Co-Benefits millions of dollars Total IBRD Adaptation co-benefits Mitigation co-benefits Region commitment Committed Share (percent) Committed Share (percent) Africa 420 n.a. 0 n.a. 0 East Asia and Pacific 4,181 253 6 762 18 Europe and Central Asia 4,729 83 2 584 12 Latin America and the Caribbean 4,609 137 3 461 10 Middle East and North Africa 2,588 68 3 217.5 8 South Asia 2,077 102 5 1,100 53 Total 18,604 642 3 3,124 17 IDA Climate Co-Benefits millions of dollars Total IDA Adaptation co-benefits Mitigation co-benefits Region commitment Committed Share (percent) Committed Share (percent) Africa 10,193 865 8 1,035 10 East Asia and Pacific 2,131 304 14 257 12 Europe and Central Asia 798 367 46 68 9 Latin America and the Caribbean 460 151 33 25 5 Middle East and North Africa 199 2 1 20 10 South Asia 8,458 973 12 1,535 18 Total 22,239 2,661 12 2,941 13 Note: n.a. = not applicable. IBRD and IDA Cumulative Lending since Fiscal 1990 by Theme and Sector, by Region | July 31, 2014 millions of dollars a IBRD commitments Latin America Middle East East Asia Europe and and and Africa and Pacific Central Asia the Caribbean North Africa South Asia Total Theme Economic Management 237 2,076 8,163 10,830 771 1,480 23,556 Environment and Natural Resources Management 890 15,803 8,372 15,658 3,353 4,614 48,689 Financial and Private Sector Development 4,778 28,670 34,874 25,626 11,110 17,782 122,840 Human Development 333 6,151 8,192 20,410 2,442 1,064 38,592 Public Sector Governance 558 10,765 11,990 21,147 2,852 1,963 49,275 Rule of Law 26 534 2,391 1,960 790 331 6,032 Rural Development 475 11,502 5,157 10,369 3,725 4,827 36,055 Social Development, Gender, and Inclusion 91 3,020 990 5,016 939 484 10,540 Social Protection and Risk Management 92 5,922 9,954 17,845 1,487 682 35,983 Trade and Integration 410 3,830 9,370 5,051 1,599 1,186 21,445 Urban Development 579 12,212 6,274 14,296 3,707 4,132 41,200 Theme total 8,468 100,485 105,726 148,207 32,775 38,546 434,207 Sector Agriculture, Fishing, and Forestry 289 6,125 3,270 7,931 3,121 2,815 23,551 Education 184 6,388 3,429 13,821 1,734 167 25,722 Energy and Mining 5,156 16,342 17,972 6,761 4,320 11,521 62,072 Finance 146 9,649 14,023 16,322 5,984 5,229 51,353 Health and Other Social Services 228 4,758 9,468 23,519 2,204 379 40,556 Industry and Trade 457 7,188 12,571 7,101 3,358 1,544 32,219 Information and Communications 280 1,773 786 807 646 133 4,425 Public Administration, Law, and Justice 761 15,294 26,736 40,193 4,381 2,970 90,335 Transportation 398 21,739 12,870 20,291 3,416 11,688 70,402 Water, Sanitation, and Flood Protection 570 11,228 4,599 11,462 3,610 2,101 33,571 Sector total 8,468 100,485 105,726 148,207 32,775 38,546 434,207 a IDA commitments Latin America Middle East East Asia Europe and and and Africa and Pacific Central Asia the Caribbean North Africa South Asia Total Theme Economic Management 3,391 578 462 491 32 1,693 6,647 Environment and Natural Resources Management 7,024 3,715 865 361 417 5,800 18,183 Financial and Private Sector Development 20,447 4,290 2,783 1,139 608 7,602 36,869 Human Development 13,748 3,629 1,210 793 679 17,153 37,212 Public Sector Governance 16,247 2,471 1,306 1,053 309 6,646 28,031 Rule of Law 937 218 394 173 18 315 2,055 Rural Development 15,368 6,882 1,594 1,443 836 14,778 40,900 Social Development, Gender, and Inclusion 5,549 1,703 478 466 775 7,252 16,223 Social Protection and Risk Management 7,351 1,689 1,063 1,104 444 7,214 18,864 Trade and Integration 7,851 930 514 254 66 2,017 11,631 Urban Development 12,342 3,447 932 585 404 3,484 21,193 Theme total 110,254 29,550 11,600 7,862 4,589 73,953 237,808 Sector Agriculture, Fishing, and Forestry 10,092 4,234 1,294 609 460 8,154 24,844 Education 8,952 2,966 516 689 725 12,391 26,241 Energy and Mining 13,722 3,434 1,278 379 327 6,698 25,838 Finance 3,768 1,901 914 366 216 3,211 10,376 Health and Other Social Services 13,682 2,641 1,480 1,012 718 12,484 32,017 Industry and Trade 6,619 1,493 1,332 446 266 4,160 14,316 Information and Communications 1,203 130 58 85 6 580 2,063 Public Administration, Law, and Justice 26,610 4,726 2,696 2,347 678 13,094 50,150 Transportation 16,285 4,470 1,089 1,344 618 7,031 30,838 Water, Sanitation, and Flood Protection 9,320 3,555 943 583 575 6,150 21,127 Sector total 110,254 29,550 11,600 7,862 4,589 73,953 237,808 Note: Figures are cumulative since fiscal 1990, the first year for which reclassified sector and theme data are available. Starting with 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. IBRD and IDA Cumulative Lending, by Country | Fiscal 1945–2014 millions of dollars IBRD IDA IBRD/IDA Country Amount Amount Amount Afghanistan 3,000 3,000 Africa (regional) 324 8,015 8,339 Albania 573 950 1,523 Algeria 5,892 5,892 Angola 1,024 1,024 Antigua and Barbuda 10 10 Argentina 29,277 29,277 Armenia 483 1,408 1,890 Australia 418 418 Austria 106 106 Azerbaijan 2,358 1,128 3,486 Bahamas, The 43 43 Bangladesh 46 21,579 21,625 Barbados 153 153 Belarus 1,135 1,135 Belgium 76 76 Belize 101 101 Benin 1,768 1,768 Bhutan 276 276 Bolivia 314 2,513 2,827 Bosnia and Herzegovina 295 1,440 1,735 Botswana 896 16 912 Brazil 58,287 58,287 Bulgaria 2,933 2,933 Burkina Faso 2 3,585 3,587 Burundi 5 1,774 1,778 Cambodia 899 899 Cabo Verde 54 357 410 Cameroon 1,348 2,188 3,536 Central African Republic 701 701 Central America (regional) 32 32 Chad 40 1,215 1,255 Chile 4,156 19 4,175 China 44,060 9,947 54,007 Colombia 20,319 20 20,339 Comoros 168 168 Congo, Dem. Rep. 330 5,789 6,119 Congo, Rep. 217 558 775 Costa Rica 1,836 6 1,842 Côte d'Ivoire 2,888 3,448 6,335 Croatia 3,951 3,951 Cyprus 419 419 Czech Republic 776 776 IBRD IDA IBRD/IDA Country Amount Amount Amount Denmark 85 85 Djibouti 239 239 Dominica 7 40 46 Dominican Republic 2,033 22 2,055 East Asia (regional) 17 17 Ecuador 3,555 37 3,592 Egypt, Arab Rep. 11,817 1,984 13,801 El Salvador 2,323 26 2,348 Equatorial Guinea 45 45 Eritrea 549 549 Estonia 151 151 Ethiopia 109 13,123 13,231 Fiji 153 153 Finland 317 317 France 250 250 Gabon 285 285 Gambia, The 358 358 Georgia 609 1,550 2,158 Ghana 207 8,002 8,209 Greece 491 491 Grenada 27 62 89 Guatemala 3,368 3,368 Guinea 75 1,641 1,717 Guinea-Bissau 413 413 Guyana 80 391 471 Haiti 3 1,601 1,604 Honduras 717 2,165 2,882 Hungary 5,661 5,661 Iceland 47 47 India 50,638 47,712 98,350 Indonesia 46,594 2,875 49,469 Iran, Islamic Rep. 3,413 3,413 Iraq 761 509 1,270 Ireland 153 153 Israel 285 285 Italy 400 400 Jamaica 2,435 2,435 Japan 863 863 Jordan 3,630 85 3,716 Kazakhstan 6,811 6,811 Kenya 1,181 7,875 9,056 Kiribati 49 49 Korea, Rep. 15,587 111 15,698 Kosovo 180 180 Kyrgyz Republic 1,176 1,176 Lao PDR 1,291 1,291 IBRD IDA IBRD/IDA Country Amount Amount Amount Latvia 985 985 Lebanon 1,594 1,594 Lesotho 155 603 758 Liberia 156 1,024 1,180 Lithuania 491 491 Luxembourg 12 12 Macedonia, FYR 1,265 379 1,643 Madagascar 33 3,671 3,704 Malawi 124 3,516 3,640 Malaysia 4,151 4,151 Maldives 184 184 Mali 2 3,186 3,188 Malta 8 8 Marshall Islands 3 3 Mauritania 146 1,123 1,269 Mauritius 828 20 848 Mexico 53,215 53,215 Moldova 312 739 1,050 Mongolia 672 672 Montenegro 241 75 316 Morocco 13,675 51 13,726 Mozambique 5,420 5,420 Myanmar 33 1,606 1,639 Namibia 15 15 Nepal 3,961 3,961 Netherlands 244 244 New Zealand 127 127 Nicaragua 234 1,810 2,043 Niger 2,277 2,277 Nigeria 6,643 11,201 17,844 Norway 145 145 a OECS countries 95 177 271 Oman 157 157 Pakistan 8,362 17,943 26,305 Panama 2,331 2,331 Papua New Guinea 787 485 1,271 Paraguay 1,506 46 1,551 Peru 9,629 9,629 Philippines 16,381 294 16,676 Poland 13,689 13,689 Portugal 1,339 1,339 Romania 12,604 12,604 Russian Federation 14,151 14,151 Rwanda 2,642 2,642 Samoa 205 205 São Tomé and Príncipe 109 109 IBRD IDA IBRD/IDA Country Amount Amount Amount Senegal 165 3,825 3,990 Serbia 1,705 689 2,394 Seychelles 43 43 Sierra Leone 19 1,151 1,170 Singapore 181 181 Slovak Republic 425 425 Slovenia 178 178 Solomon Islands 88 88 Somalia 492 492 South Africa 4,053 4,053 South Asia (regional) 766 766 Southeastern Europe (regional) 10 91 101 South Sudan 115 115 Spain 479 479 Sri Lanka 526 4,858 5,384 St. Kitts and Nevis 23 2 25 St. Lucia 37 70 107 St. Vincent and the Grenadines 12 59 71 Sudan 166 1,353 1,519 Swaziland 152 8 160 Syrian Arab Republic 613 47 661 Taiwan, China 329 15 345 Tajikistan 716 716 Tanzania 319 10,273 10,592 Thailand 9,143 125 9,268 Timor-Leste 15 83 98 Togo 20 1,155 1,175 Tonga 110 110 Trinidad and Tobago 334 334 Tunisia 7,596 75 7,671 Turkey 36,662 179 36,840 Turkmenistan 90 90 Tuvalu 21 21 Uganda 9 7,762 7,771 Ukraine 8,895 8,895 Uruguay 4,023 4,023 Uzbekistan 1,012 1,080 2,092 Vanuatu 19 19 Venezuela, RB 3,328 3,328 Vietnam 2,068 16,463 18,530 Yemen, Rep. 3,679 3,679 Yugoslavia 6,091 6,091 Zambia 679 3,540 4,219 Zimbabwe 983 662 1,645 Overall total 605,478 290,934 896,412 IBRD IDA IBRD/IDA Country Amount Amount Amount 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 HIPC grants of $45.5 million to Côte d'Ivoire in fiscal 2009. 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 Project Portfolio by Region, Theme, and Sector | June 30, 2014 Net commitments Region $ billions Percent Africa 48.9 25 East Asia and Pacific 31.7 17 Europe and Central Asia 26.9 14 Latin America and the Caribbean 29.2 15 Middle East and North Africa 12.3 6 South Asia 42.9 22 Other 0.0 0 Total 191.9 100.0 Net commitments Theme $ billions Percent Economic Management 2.5 1 Environment and Natural Resources Management 23.2 12 Financial and Private Sector Development 37.0 19 Human Development 21.8 11 Public Sector Governance 16.4 9 Rule of Law 1.0 1 Rural Development 29.5 15 Social Development, Gender, and Inclusion 6.3 3 Social Protection and Risk Management 15.6 8 Trade and Integration 13.3 7 Urban Development 25.4 13 Total 191.9 100.0 Net commitments Sector $ billions Percent Agriculture, Fishing, and Forestry 15.1 8 Education 12.9 7 Energy and Mining 29.5 15 Finance 7.0 4 Health and Other Social Services 18.2 10 Industry and Trade 6.4 3 Information and Communications 1.5 1 Public Administration, Law, and Justice 35.3 18 Transportation 42.2 22 Water, Sanitation, and Flood Protection 23.9 12 Total 191.9 100.0 Note: Portfolio of projects includes IBRD/IDA operations as well as other trust-funded operations (that is, special financing operations, global environment facility operations, large recipient-executed operations, Montreal protocol operations) that are implemented by the World Bank. New Operations Approved Summaries of Operations Approved during Fiscal 2014, Africa 34 Summaries of Operations Approved during Fiscal 2014, East Asia and Pacific 48 Summaries of Operations Approved during Fiscal 2014, Europe and Central Asia 54 Summaries of Operations Approved during Fiscal 2014, Latin America and the Caribbean 59 Summaries of Operations Approved during Fiscal 2014, Middle East and North Africa 64 Summaries of Operations Approved during Fiscal 2014, South Asia 67 Summaries of Operations Approved during Fiscal 2014, Africa First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Africa ◊ IDA Regional Rusumo Falls Hydroelectric Investment Project Finance Credit/Grant increases the supply of electricity to the national grids of Rwanda, Tanzania, and Burundi. Total 2023/2053 113.2 c 170.0 c cost: $468.6 million. SDN 8/6/2013 n.a 113.4 g 170.0 g ◊ IDA Africa Regional Communications Infrastructure (Fourth Phase) Investment Project Finance Grant supports efforts to lower prices for international capacity and extend the geographic reach of broadband networks in Comoros. Total cost: $34 million. SDN 9/10/2013 n.a 14.3 22.0 IDA African Capacity Building Foundation (ACBF) Regional Capacity Building Investment Project Financing Grant— Additional Financing improves the capacity of ACBF’s clients to deliver and measure their development results and enhances ACBF’s organizational effectiveness and efficiency. Total cost: $183 million. PREM 12/5/2013 n.a 43.3 65.0 ◊ IDA Senegal River Basin Climate Change Resilience Development Investment Project Financing Credit enhances regional integration among the riparian countries of the Senegal River Basin for multi-purpose water resources development to foster improved community livelihoods. Total cost: $240.5 million. SDN 12/5/2013 2024/2053 138.7 212.5 ◊ IDA Regional Pastoral Livelihoods Resilience Investment Project Financing Credit/Grant enhances livelihood resilience of pastoral and agro-pastoral communities in cross-border, drought-prone areas and improves area governments’ drought 2024/2054 76.3 c 117.0 c crisis-response capacity. Total cost: $122 million. SDN 3/18/2014 n.a. 3.3 g 5.0 g ◊ IDA Africa Higher Education Centers of Excellence Investment Project Financing Credit/Grant supports regional specialization among participating universities in areas that address regional challenges and strengthens the capacities of these universities to deliver quality training and applied research. 2019/2054 93.5 c 144.0 c Total cost: $290.8 million. HDN 4/15/2014 n.a. 4.0 g 6.0 g ◊ IDA Support for Capacity Development of the African Union Commission and Other African Union Organs Investment Project Financing Grant strengthens the African Union Commission’s capacity to facilitate economic development results and transformation through enhanced institutional efficiency. Total cost: $25 million. PREM 5/6/2014 n.a. 16.2 25.0 ◊ IDA South Sudan-Eastern Africa Regional Transport,Trade, and Development Facilitation (Phase I) Investment Project Financing Credit enhances regional connectivity and integration of South Sudan with its Eastern African neighboring countries and its access to sea ports. Total cost: $255 million. SDN 5/20/2014 2024/2053 52.2 80.0 ◊ IDA Niger Basin Water Resources Development and Sustainable Ecosystems Management (Phase II) Investment Project Financing Credit/Grant—Additional Financing increases access to water for agriculture development and capacity for energy generation in the Niger part of the Niger 2024/2053 26.7 c 41.2 c Basin. Total cost: $55.2 million. SDN 5/29/2014 n.a. 9.0 g 14.0 g ◊ IDA Great Lakes Emergency Sexual and Gender-Based Violence and Woment's Health Investment Project Financing Credit/Grant expands the provision of services to mitigate the short and medium term impacts of sexual and gender based violence and expands utilization of a package of health interventions targeted to poor and vulnerable females in the Democratic Republic of Congo, Burundi, Rwanda, and the International Conference on the Great Lakes Region. Total cost: 2024/2054 9.7 c 15.0 c $107.0 million. HDN 6/26/2014 n.a. 59.8 g 92.1 g First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Angola ◊ IDA Learning for All Investment Project Financing Credit improves teachers’ skills and knowledge, as well as school management, in primary schools and develops a system for systematic student assessment. Total cost: $80 million. HDN 9/26/2013 2018/2038 48.8 75.0 Benin ◊ IDA Multisectoral Food, Health, and Nutrition Investment Project Financing Credit increases the coverage and utilization of community-based child growth and nutrition interventions in selected project areas. Total cost: $28 million. HDN 12/19/2013 2024/2053 18.3 28.0 ◊ IDA Decentralized Community Driven Services Investment Project Financing Credit—Additional Financing scales up efforts to improve access to decentralized basic social services and mainstreams the community drive development approach for such services. Total cost: $30 million. HDN 2/27/2014 2024/2053 19.5 30.0 ◊ IDA Youth Employment Investment Project Financing Credit improves access to employment skills and employment opportunities for the country’s underemployed youth. Total cost: $36.9 million. HDN 3/11/2014 2024/2053 22.9 35.0 ◊ IDA Ninth Poverty Reduction Support Development Policy Credit supports the government in promoting good governance and high-quality financial management and strengthening private-sector competitiveness. Total cost: $20 million. PREM 3/11/2014 2024/2054 13.1 20.0 ◊ IDA Emergency Urban Environment Investment Project Financing Credit—Additional Financing improves infrastructure and mitigates the negative environmental impacts of floods in the Cotonou Agglomeration and increases the level of preparedness for future flooding. Total cost: $6.8 million. SDN 5/8/2014 2024/2054 4.2 6.4 Burkina Faso ◊ IDA Electricity Sector Support Investment Project Financing Credit contributes to increasing access to electricity, improving the reliability of the electricity supply, and improving efficient use of energy in targeted areas. Total cost: $52.9 million. SDN 7/30/2013 2023/2053 33.4 50.0 ◊ IDA Third Growth and Competitiveness Development Policy Credit/Grant supports policies and reforms to catalyze private-sector growth and employment creation, enhance public- resources management, build economic resilience, and reduce 2024/2053 32.6 c 50.0 c vulnerability to shocks. Total cost: $100 million. PREM 12/5/2013 n.a. 32.6 g 50.0 g ◊ IDA Social Safety Net Investment Project Financing Credit provides income support to poor households and lays the foundation for a basic safety net system in the country. Total cost: $50 million. HDN 4/23/2014 2024/2054 32.4 50.0 IDA Electricity Sector Support Investment Project Financing Credit/Grant—Additional Financing increases access to electricity, improves the reliability of electricity supply, and improves the efficient use of energy in targeted areas. Total cost: 2024/2054 5.2 c 8.0 c $37 million. SDN 6/13/2014 n.a. 17.5 g 27.0 g ◊ IDA Agricultural Diversification and Market Development Investment Project Financing Credit—Additional Financing increases the competitiveness of selected agricultural sub- sectors that target national, sub-regional, and international markets, thereby contributing to shared agricultural growth. Total cost: $65.9 million. SDN 6/13/2014 2024/2054 32.4 50.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Agricultural Productivity and Food Secury Investment Project Financing Grant—Additional Financing improves the capacity of poor producers to increase food production and ensures improved availability of food products in rural markets. Total cost: $79.4 million. SDN 6/27/2014 n.a. 23.2 36.0 Burundi ◊ IDA Seventh Economic Reform Support Development Policy Grant supports the government’s program to strengthen public finance management and budget transparency, promote private sector development, and improve protections of vulnerable groups. Total cost: $26 million. PREM 11/27/2013 n.a. 17.0 26.0 ◊ IDA Jiji and Mulembwe Hydropower Investment Project Financing Grant increases the supply of clean and low-cost hydropower electricity to the country’s national grid. Total cost: $270.4 million. SDN 4/22/2014 n.a. 64.7 100.0 Cabo Verde ◊ IDA Eigth Poverty Reduction Supporty Credit supports good governance through macro-fiscal stability and improved public expenditure efficiency and private sector competitiveness through improved infrastructure services, investment climate, labor force skills, labor market functioning, and environmental protection. Total cost: $15.5 million. PREM 4/22/2014 2024/2053 10.1 15.5 Cameroon ◊ IDA Multimodal Transport Investment Project Financing Credit increases multimodal transport efficiency and effectiveness along the Yaoundé–Kousseri corridor. Total cost: $91 million. SDN 5/27/2014 2024/2054 45.9 71.0 ◊ IDA Heath Sector Support Investment Project Financing Credit—Additional Financing increases utilization and improves the quality of health services with a particular focus on child and maternal health and communicable diseases. Total cost: $40 million. HDN 6/24/2014 2024/2054 13.0 20.0 Central Africa Republic ◊ IDA Emergency Food Crisis Response and Agriculture Relaunch Investment Project Financing Credit protects and rebuilds livelihoods and human capital—particularly of children— and re-launches the productivity of the agriculture sector. Total cost: $20 million. SDN 3/7/2014 2024/2053 13.1 20.0 ◊ IDA Emergency Public Services Response Investment Project Financing Credit/Grant reestablishes an operational government payroll and related financial management systems. 2024/2054 4.0 c 6.1 c Total cost: $30 million. PREM 4/24/2014 n.a. 15.5 g 23.9 g Chad ◊ IDA Public Financial Management Capacity Building Investment Project Financing Grant—Additional Financing assists the country to approve accountability in the use of resources managed through the public financial management system. Total cost: $10.2 million. PREM 5/12/2014 n.a. 6.6 10.2 IDA Value Chain Support Investment Project Financing Grant improves targeted aspects of the business environment and the performance of agro-pastoral value chains in the country. Total cost: $10.2 million. FPD 5/22/2014 n.a. 6.6 10.2 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Mother and Child Health Services Strengthening Investment Project Financing Grant increases the utilization and improves the quality of maternal and child health services in targeted areas. Total cost: $20.8 million. HDN 5/29/2014 n.a. 10.2 15.8 Comoros ◊ IDA Electricity Sector Recovery Investment Project Financing Grant contributes to the improvement of the electricity sector’s commercial and financial performance. Total cost: $5 million. SDN 9/6/2013 n.a. 3.4 5.0 IDA Economic Governance Technical Assistance Grant— Additional Financing increases the efficiency, accountability, and transparency of public financial management, and improves the management of civil service human resources and wages. Total cost: $3.5 million. OPCS 11/12/2013 n.a. 2.3 3.5 ◊ IDA Economic Governance Reform Development Policy Grant improves economic management and transparency, enhances competition, and improves performance in the key infrastructure sectors of information and communication technology and electricity. Total cost: $3.8 million. PREM 4/29/2014 n.a. 2.5 3.8 Congo, Dem. Rep. ◊ IDA Public Service Reform and Rejuvenation Investment Project Financing Grant improves the human resource management capacity of selected ministries and rejuvenate their workforce. Total cost: $77 million. PREM 12/12/2013 n.a. 50.2 77.0 IDA National Parks Network Rehabilitation Investment Project Financing Grant—Additional Financing enhances the capacity of the Congolese Institute for Nature Conservation for management of targeted protected areas. Total cost: $60.1 million. SDN 12/12/2013 n.a. 2.0 3.0 ◊ IDA Public Financial Management and Accountability Investment Project Financing Grant enhances the credibility, transparency, and accountability in the management and use of central and selected sub-national public finances, focusing on downstream public financial management reforms. Total cost: $22.1 million. OPCS 1/30/2014 n.a. 3.3 5.0 ◊ IDA Eastern Recovery Investment Project Financing Grant improves access to livelihoods and socio-economic infrastructure in vulnerable communities in the country’s eastern provinces. Total cost: $79.1 million. HDN 2/27/2014 n.a. 51.4 79.1 ◊ IDA Financial Infrastructure and Markets Investment Project Financing Grant modernizes payment infrastructure and increases the availability of term financing to micro-, small-, and medium-size enterprises in the country. Total cost: $30 million. FPD 3/18/2014 n.a. 19.6 30.0 ◊ IDA Inga 3 Basse Chute and Mid-Size Hydropower Development Technical Assistance Grant contributes to the sustainable development of Inga 3 Basse Chute and selected mid-size hydropower projects. Total cost: $106.5 million. SDN 3/20/2014 n.a. 47.7 73.1 ◊ IDA Human Development Systems Strengthening Investment Project Financing Grant strengthens selected management systems for education and health services in targeted geographic areas in the country. Total cost: $15 million. HDN 4/23/2014 n.a. 9.7 15.0 Congo, Rep. ◊ IDA Skills Development for Employability Investment Project Financing Credit improves job and entrepreneurship skills for vulnerable urban youth in order to improve their labor market inclusion and earnings. Total cost: $32 million. HDN 9/17/2013 2018/2038 6.7 10.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Health System Strengthening Investment Project Financing Grant increases utilization and quality of maternal and child health services in targeted project areas. Total cost: $120 million. HDN 12/20/2013 2019/2038 6.6 10.0 ◊ IDA LISUNGI - Safety Nets Investment Project Financing Credit establishes the foundation of a national safety net program and pilots a cash transfer program to improve access to health and education services. Total cost: $17 million. HDN 1/29/2014 2019/2038 1.4 2.0 ◊ IDA Agricultural Development and Rural Roads Rehabilitation Investment Project Financing Credit— Additional Financing assists the rural poor in raising their income through the promotion of improved agricultural technologies, market infrastructure, and poverty-focused agricultural policies and expenditure programs. Total cost: $10.5 million. SDN 1/29/2014 2019/2038 1.7 2.5 ◊ IDA Statistics Capacity Building Specific Investment Credit strengthens the National Statistical System in the production and dissemination of timely, robust, and relevant statistics and promotes the demand for statistical information. Total cost: $33 million. PREM 6/9/2014 2019/2039 3.1 4.8 Côte d'Ivoire ◊ IDA Agriculture Sector Support Investment Project Financing Credit/Grant improves smallholder access to technologies and markets and enhances the governance of selected value chains supported under the project. Total cost: 2023/2053 15.9 c 23.8 c $150.8 million. SDN 8/8/2013 n.a. 17.5 g 26.2 g ◊ IDA First Poverty Reduction Support Credit supports a balanced reform program to strengthen public-sector governance and administration and facilitate private-sector led growth. Total cost: $50 million. PREM 8/30/2013 2023/2053 33.3 50.0 IDA Post-Conflict Assistance Emergency Recovery Credit— Additional Financing improves conflict-affected communities’ and individuals’ opportunities for economic reintegration and access to social services, with the aim of accelerating the country’s crisis recovery. Total cost: $30 million. SDN 12/18/2013 2024/2053 19.6 30.0 ◊ IDA Governance and Institutional Development Investment Project Financing Credit—Additional Financing maintains positive reform momentum by scaling up efforts to achieve enhanced transparency and efficiency in the management of public finances and improved governance and efficiency in the cocoa sector. Total cost: $5 million. PREM 6/9/2014 2024/2054 3.3 5.0 Ethiopia ◊ IDA General Education Quality Improvement Investment Project Financing Credit improves learning conditions in primary and secondary schools and strengthens institutions at different levels of educational administration. Total cost: $550 million. HDN 11/12/2013 2024/2053 85.8 130.0 ◊ IDA Sustainable Land Management Investment Project Financing Credit reduces land degradation and improves land productivity in selected watersheds in targeted regions in the country. Total cost: $107.6 million. SDN 11/22/2013 2024/2053 32.6 50.0 ◊ IDA Pastoral Community Development Investment Project Financing Credit improves access to community demand-driven social and economic services for pastoralists and agro- pastoralists throughout the country. Total cost: $210.2 million. SDN 12/12/2013 2024/2053 71.8 110.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ IDA Road Sector Support Investment Project Financing Credit reduces travel time and cost along selected inter-regional corridors and supports the sustainability of the federal road network. Total cost: $385 million. SDN 2/19/2014 2024/2054 208.5 320.0 ◊ IDA Water Supply, Sanitation, and Hygiene Investment Project Financing Credit increases access to improved water supply and sanitation services for residents in participating wordeas, towns and communities in the country. Total cost: $233.8 million. SDN 3/20/2014 2024/2053 133.2 205.0 ◊ IDA Second Urban Local Government Development Program-for-Results Credit enhances the institutional performance of participating urban local governments in developing and sustaining urban infrastructure and services. Total cost: $556.6 million. SDN 5/2/2014 2024/2054 245.6 380.0 ◊ IDA Competitiveness and Job Creation Investment Project Financing Credit contributes to job creation by attracting investments and improving competitiveness of enterprises in targeted industrial zones and their linked domestic enterprises. Total cost: $270 million. FPD 5/13/2014 2024/2054 161.6 250.0 ◊ IDA Geothermal Sector Development Specific Investment Credit improves the electricity generation mix and the sector’s stability and reliability in the country through the development of geothermal resources. Total cost: $218.5 million. SDN 5/29/2014 2024/2054 115.5 178.5 Gabon ◊ IBRD Investment Promotion and Competitiveness Investment Project Financing Loan contributes to the improvement of the investment climate and fosters enterprise development in the country. Total cost: $18 million. FPD 3/11/2014 2018/2034 n.a. 18.0 Gambia, The IDA Integrated Financial Management and Information System Technical Assistance Grant—Additional Financing supports the implementation of additional and expanded activities to increase the government’s capacity in public resource management. Total cost: $5 million. PREM 9/20/2013 n.a. 3.4 5.0 ◊ IDA Results for Education Achievement and Development Investment Project Financing Grant increases access to basic education, improves quality of teaching and learning in lower basic schools, and strengthens education systems. Total cost: $34.9 million. HDN 3/6/2014 n.a. 7.8 11.9 ◊ IDA Commercial Agriculture and Value Chain Management Investment Project Financing Credit/Grant improves productivity and access to markets of targeted agricultural commodities for smallholders within a selected project area. 2024/2053 4.7 c 7.2 c Total cost: $19.3 million. SDN 3/18/2014 n.a. 5.7 g 8.7 g ◊ IDA Maternal and Child Nutrition and Health Results Investment Project Financing Grant increases the utilization of community nutrition and primary maternal and child health services in selected regions within the country. Total cost: $8.7 million. HDN 3/21/2014 n.a. 2.4 3.7 Ghana ◊ IDA eTransform Ghana Investment Project Financing Credit improves the efficiency and coverage of government service delivery using information and communication technologies. Total cost: $97 million. SDN 10/22/2013 2018/2038 64.2 97.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Secondary Education Improvement Investment Project Financing Credit increases access to senior secondary education in underserved districts and improves quality in low- performing senior high schools. Total cost: $156 million. HDN 5/20/2014 2019/2039 101.0 156.0 ◊ IDA Maternal and Child Health and Nutrition Improvement Investment Project Financing Credit improves utilization of community-based health and nutrition services by women of reproductive age, especially pregnant women, and children under the age of two. Total cost: $73 million. HDN 5/20/2014 2019/2039 44.0 68.0 ◊ IDA Social Opportunities Investment Project Financing Credit—Additional Financing improves targeting of social programs and provides income support to poor households through Livelihood Empowerment Against Poverty grants and Labor Intensive Public Works infrastructure. Total cost: $50 million. HDN 5/27/2014 2019/2039 32.4 50.0 IDA Oil and Gas Capacity Building Investment Project Financing Credit—Additional Financing improves public management and regulatory capacity, while enhancing transparency, and strengthens local technical skills in the emerging oil and gas sector. Total cost: $19.8 million. SDN 6/27/2014 2019/2039 12.9 19.8 Guinea IDA Power Sector Recovery Investment Project Financing Credit/Grant improves the technical and commercial 2024/2054 14.6 c 22.6 c performance of the national power utility. Total cost: $50 million. SDN 6/16/2014 n.a. 17.7 g 27.4 g Guinea-Bissau ◊ IDA Rural Community-Driven Development Investment Project Financing Grant—Additional Financing increases access to priority basic social and economic infrastructure and services in participating communities in at least two regions of the country. Total cost: $15 million. HDN 2/7/2014 n.a. 9.8 15.0 ◊ IDA Private Sector Rehabilitation and Agribusiness Development Investment Project Financing Credit supports inclusive development of the cashew agribusiness sector and promotes entrepreneurship in other sectors of the economy. Total cost: $8.2 million. FPD 5/22/2014 2024/2054 5.3 8.2 ◊ IDA Emergency Water and Electricity Services Upgrading Investment Project Financing Credit/Grant restores and increases the access to safe water, improves the quality of water services, and improves the reliability of electricity supply in 2024/2054 11.1 c 17.2 c Bissau. Total cost: $22.5 million. SDN 5/29/2014 n.a. 3.4 g 5.3 g Kenya ◊ IDA National Safety Net Program for Results Credit supports the establishment of an effective national safety net program for poor and vulnerable households. Total cost: $952.7 million. HDN 7/23/2013 2023/2053 166.9 250.0 ◊ IDA Cash Transfers for Orphans and Vulnerable Children Investment Project Financing Credit—Additional Financing increases social safety net access for households with extremely poor orphans and vulnerable children and builds the capacity of the government to more effectively deliver services. Total cost: $66.4 million. HDN 10/31/2013 2024/2053 6.6 10.0 ◊ IDA Health Sector Support Investment Project Financing Credit—Additional Financing improves the delivery of quality essential health and nutrition services and the use by women and children—especially among the poor and drought-affected populations—and effectiveness of procurement of medical supplies. Total cost: $41 million. HDN 12/30/2013 2024/2053 26.7 41.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ IDA Transport Sector Support Investment Project Financing Credit—Additional Financing increases the efficiency of road transport along key road corridors, enhances aviation safety and security, and improves institutional capacity in the transport sector. Total cost: $267.2 million. SDN 3/26/2014 2024/2054 132.6 203.5 ◊ IDA Regional Communications Infrastructure Investment Project Financing Credit—Additional Financing contributes to lower prices for international capacity and extended geographic reach of broadband networks and contributes to improved e- government efficiency and transparency applications. Total cost: $30 million. SDN 3/26/2014 2024/2054 19.6 30.0 Lesotho IDA Second Private Sector Competitiveness and Economic Diversification Investment Project Financing Credit contributes to the development of non-textile sectors by improving the business environment, increasing access to finance, and supporting targeted investment promotion in new growth sectors. Total cost: $15 million. FPD 10/31/2013 2023/2053 8.7 13.1 ◊ IDA Public Financial Management Reform Support Investment Project Financing Credit improves the quality and timeliness of public financial management information in support of the government’s action plan to improve budget execution. Total cost: $6.1 million. OPCS 2/6/2014 2024/2054 3.6 5.5 IDA Water Sector Improvement (Phase II) Investment Project Financing Credit/Grant—Additional Financing supports developing a sustainable framework for the Metolong Dam and Water Supply Program, increasing the quantity of quality water supplied to Teyateyaneng, strengthening water sector institutions, and advancing strategic infrastructure investments. 2024/2054 5.8 c 9.1 c Total cost: $15.4 million. SDN 6/20/2014 n.a. 4.1 g 6.4 g Liberia ◊ IDA Urban and Rural Infrastructure Rehabilitation Investment Project Financing Credit—Additional Financing supports government efforts to improve road access in Monrovia and targeted rural areas, as well as to improve the institutional capacity for roads sector management. Total cost: $29 million. SDN 1/24/2014 2024/2054 12.8 19.6 ◊ IDA Public Sector Modernization Investment Project Financing Credit improves pay and performance management in participating ministries and strengthens payroll management in the country’s civil service. Total cost: $10.7 million. PREM 2/10/2014 2024/2053 1.4 2.0 Madagascar ◊ IDA Emergency Food Security and Social Protection Investment Project Financing Credit strengthens government capacity to respond to the food security and locust crises by increasing agricultural production capacity in project areas, while enabling extremely poor households to access cash transfer programs. Total cost: $65 million. SDN 2/27/2014 2024/2053 42.3 65.0 IDA Emergency Support to Critical Education, Health, and Nutrition Services Investment Project Financing Credit— Additional Financing preserves critical education, health, and nutrition service delivery in targeted vulnerable areas in the country. Total cost: $10 million. HDN 2/27/2014 2024/2053 6.5 10.0 Malawi ◊ IDA Strengthening Safety Nets Systems Investment Project Financing Credit strengthens the country’s social safety net delivery systems and coordination across programs. Total cost: $32.8 million. HDN 12/18/2013 2024/2053 21.4 32.8 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Skills Development Investment Project Financing Credit/Grant increases access, market relevance, and results orientation of supported skills development institutions in priority 2024/2054 29.8 c 46.0 c areas. Total cost: $50.9 million. HDN 6/19/2014 n.a. 3.2 g 4.9 g Mali ◊ IDA Bamako Water Supply Investment Project Financing Credit increases access to sustainable water services in Bamako. Total cost: $80 million. SDN 11/21/2013 2024/2053 52.2 80.0 ◊ IDA Reconstruction and Economic Recovery Investment Project Financing Grant rehabilitates basic infrastructure and restores productive activities of communities impacted by the crisis in Mali. Total cost: $100 million. SDN 12/6/2013 n.a. 65.2 100.0 ◊ IDA Natural Resources Management in a Changing Climate Investment Project Financing Grant expands the adoption of sustainable land and water management practices in the target project area. Total cost: $21.4 million. SDN 12/6/2013 n.a. 7.9 12.0 ◊ IDA Rural Electrification Hybrid System Investment Project Financing Credit expands access to modern energy services in rural areas of the country and increases renewable energy generation in target project areas. Total cost: $44.9 million. SDN 12/11/2013 2024/2053 16.3 25.0 IDA Banda Gas to Power Investment Project Financing Guarantee enables production of natural gas for generation of electricity to reduce the cost and increase the supply for Mauritanian households and industry, and enables regional integration through exports of electric power from Mauritania to Senegal and Mali. Total cost: $32 million. SDN 5/29/2014 n.a. n.a. 32.0 ◊ IDA Skills Development and Youth Employment Investment Project Financing Credit/Grant supports education and training for employability and private-sector led job opportunities for 2024/2054 23.3 c 36.1 c youth in the country. Total cost: $63 million. HDN 6/27/2014 n.a. 17.4 g 26.9 g Mauritania ◊ IDA Skills Development Project Investment Project Financing Grant—Additional Financing improves the quality and efficiency of training institutions and creates and enabling environment for a more market-driven technical and vocational education training system. Total cost: $11.3 million. HDN 4/30/2014 n.a. 7.4 11.3 IDA Banda Gas to Power Investment Project Financing Guarantee enables production of natural gas for generation of electricity to reduce the cost and increase the supply for Mauritanian households and industry, and enables regional integration through exports of electric power from Mauritania to Senegal and Mali. Total cost: $1,463.7 million. SDN 5/29/2014 n.a. n.a. 130.0 Mozambique ◊ IDA Ninth Poverty Reduction Support Credit improves the business climate and increases transparency in extractive industries, bolsters social protections, and strengthens public financial management capacity. Total cost: $110 million. PREM 7/16/2013 2023/2053 73.4 110.0 ◊ IDA Greater Maputo Water Supply Expansion Investment Project Financing Credit increases access to clean, treated, and piped water for residents in approximately 100,000 households in the greater Maputo area. Total cost: $178 million. SDN 7/25/2013 2023/2053 118.8 178.0 IDA Water Resources Development Flood Response Investment Project Financing Credit—Additional Financing strengthens the development and management of national water resources and increases the yield of the Corumana Dam to augment the water supply for the greater Maputo metropolitan area. Total cost: $32 million. SDN 9/27/2013 2024/2053 21.2 32.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Roads and Bridges Management and Maintenance (Second Phase) Investment Project Financing Credit/Grant— Additional Financing improves access to all-season roads through maintenance, rehabilitation, and upgrading of the 2024/2053 2.1 c 3.2 c classified road network. Total cost: $110.2 million. SDN 12/13/2013 n.a. 23.7 g 36.3 g ◊ IDA Public Financial Management for Results Program-for- Results Grant improves the transparency and efficiency of expenditures for the storage, distribution, and availability of medicines and for more transparent and accountable management of primary schools. Total cost: $130.6 million. OPCS 6/24/2014 n.a. 33.0 50.0 Niger ◊ IDA Disaster Risk Management and Urban Development Investment Project Financing Credit improves the country’s resilience to natural hazards through selected DRM interventions in targeted project sites and by strengthening capacity to respond effectively to an eligible emergency. Total cost: $106.7 million. SDN 12/11/2013 2024/2053 65.1 100.0 ◊ IDA Third Shared Growth Development Policy Grant improves the business environment for investment and trade, increases agricultural productivity, and improves public financial management. Total cost: $70 million. PREM 3/21/2014 n.a. 45.7 70.0 ◊ IDA Public Sector Capacity and Performance for Service Delivery Investment Project Financing Grant strengthens public investment management capacity and civil servant performance evaluation processes in targeted ministries in order to improve service delivery outcomes. Total cost: $40 million. PREM 3/31/2014 n.a. 26.1 40.0 Nigeria IDA Housing Finance Development Financial Intermediary Credit increases access to housing finance by new mortgagors by deepening the country’s primary and secondary mortgage markets. Total cost: $300 million. FPD 9/26/2013 2023/2053 199.5 300.0 ◊ IDA Lagos Eko Secondary Education Investment Project Financing Credit—Additional Financing continues to support improvements in the quality of public junior and senior secondary education. Total cost: $42.3 million. HDN 3/6/2014 2019/2039 27.6 42.3 ◊ IDA Community and Social Development Investment Project Financing Credit—Additional Financing increases access by the poor to improved social and natural resource infrastructure services in a sustainable manner throughout the country. Total cost: $176 million. HDN 3/26/2014 2019/2039 91.3 140.0 ◊ IDA Second Lagos State Development Policy Credit supports government endeavors to improve public finances and sustain rapid growth and poverty reduction in a fiscally sustainable manner. Total cost: $200 million. PREM 3/27/2014 2019/2039 130.4 200.0 ◊ IDA Third National Urban Water Sector Reform Investment Project Financing Credit increases access to improved water supply services and improves the financial viability of existing water utilities in selected states and increases the investment planning capacity of participating states. Total cost: $273 million. SDN 4/18/2014 2019/2038 161.6 250.0 ◊ IBRD Power Sector Investment Project Financing Guarantee increases the supply of electricity received by Nigerian consumers. Total cost: $670 million. SDN 5/1/2014 n.a. n.a. 395.0 ◊ IDA Ibadan Urban Flood Management Investment Project Financing Credit improves the capacity of Oyo State to effectively manage flood risk in the city of Ibadan. Total cost: $220 million. SDN 6/17/2014 2019/2039 129.1 200.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Transforming Irrigation Management Investment Project Financing Credit improves access to irrigation and drainage services and strengthens institutional arrangements for integrated water resources management and agriculture service delivery in selected large-scale public schemes. Total cost: $560.3 million. SDN 6/19/2014 2019/2039 319.7 495.3 Rwanda IDA Land Husbandry, Water Harvesting, and Hillside Irrigation Investment Project Financing Credit—Additional Financing increases the productivity and commercialization of hillside agriculture in target areas in the country. Total cost: $35 million. SDN 12/19/2013 2024/2053 22.8 35.0 ◊ IDA Third Support to the Social Protection System Development Policy Credit/Grant supports government efforts to enhance the effectiveness and expand the coverage of its 2024/2054 29.9 c 46.0 c social protection system. Total cost: $70 million. HDN 3/13/2014 n.a. 15.6 g 24.0 g ◊ IDA Feeder Roads Development Investment Project Financing Credit enhances all-season-road connectivity to agricultural market centers in selected districts. Total cost: $49 million. SDN 3/21/2014 2024/2054 29.4 45.0 ◊ IDA Third Rural Sector Support Investment Project Financing Credit—Additional Financing increases the agricultural productivity of organized farmers in subwatersheds targeted for development in an environmentally sustainable manner and strengthens beneficiaries’ participation in market- based value chains. Total cost: $15.9 million. SDN 3/21/2014 2024/2053 10.4 15.9 IDA Second Emergency Demobilization and Reintegration Emergency Recovery Credit—Additional Financing supports government efforts to demobilize members of armed groups of Rwandan origin, and provides socioeconomic reintegration support to such members following demobilization, with a particular focus on female, child, or disabled ex-combatants. Total cost: $9.0 million. SDN 4/30/2014 2024/2054 5.8 9.0 São Tomé and Príncipe IDA Quality Education for All (Second Phase) Investment Project Financing Grant improves the system of in-service teacher training and strengthens the management of human resources in the education sector. Total cost: $2 million. HDN 12/20/2013 n.a. 0.6 0.9 ◊ IDA Quality Education for All Investment Project Financing Grant—Additional Financing improves the system of in-service teacher training and strengthens the management of human resources in the country’s education sector. Total cost: $3.5 million. HDN 6/27/2014 n.a. 2.3 3.5 Senegal ◊ IDA Casamance Development Pole Investment Project Financing Credit enhances the agricultural productivity of youth and female farmers for selected crops and improves transport linkages in isolated rural communities in targeted areas. Total cost: $46 million. SDN 9/25/2013 2024/2053 26.5 40.0 ◊ IDA Health and Nutrition Financing Investment Project Financing Credit increases utilization and quality of maternal, neonatal, and child health and nutritional services, especially among the poorest households in targeted areas. Total cost: $42.3 million. HDN 12/11/2013 2024/2053 13.1 20.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Sustainable and Inclusive Agribusiness Development Investment Project Financing Credit develops inclusive commercial agriculture and sustainable land management in the project areas. Total cost: $86 million. SDN 12/19/2013 2024/2053 52.1 80.0 ◊ IDA Second Governance and Growth Support Development Policy Credit improves economic governance by strengthening accountability systems, promotes service delivery in the education and health sectors, and enhances private sector development through energy sector reforms. Total cost: $30 million. PREM 12/19/2013 2024/2053 19.6 30.0 ◊ IDA Taiba Ndiaye Independent Power Producer Investment Project Financing Guarantee increases the power generated by independent power producers through the support of the construction of a new power plant with an installed capacity of 96MW. Total cost: $172 million. SDN 12/19/2013 n.a. n.a. 40.0 ◊ IDA Social Safety Net Investment Project Financing Credit supports the establishment of building blocks for the social safety net system and provides targeted cash transfers to poor and vulnerable households. Total cost: $40.5 million. HDN 4/29/2014 2024/2054 26.2 40.5 IDA Banda Gas to Power Investment Project Financing Guarantee enables production of natural gas for generation of electricity to reduce the cost and increase the supply for Mauritanian households and industry, and enables regional integration through exports of electric power from Mauritania to Senegal and Mali. Total cost: $1,463.7 million. SDN 5/29/2014 n.a. n.a. 99.0 Seychelles ◊ IBRD Second Sustainability and Competitiveness Development Policy Loan supports reforms to improve the business climate, enhance fiscal transparency, improve public financial management, better target social assistance, and increase fiscal oversight and controls over public enterprise. Total cost: $7 million. PREM 9/26/2013 2024/2039 n.a. 7.0 Sierra Leone IDA Reproductive and Child Health (Second Phase) Investment Project Financing Grant increases utilization of a package of essential health services by pregnant and lactating women and children under the age of five. Total cost: $18 million. HDN 8/30/2013 n.a. 8.7 13.0 ◊ IDA Public Financial Management Improvement and Consolidation Investment Project Financing Credit improves budget planning and credibility, financial control, accountability, and oversight in government finances. Total cost: $28.5 million. OPCS 11/27/2013 2024/2053 7.9 12.0 ◊ IDA Energy Sector Utility Reform Investment Project Financing Credit improves the operational performance of the national electricity distribution utility. Total cost: $40 million. SDN 12/18/2013 2024/2053 26.1 40.0 ◊ IDA Social Safety Nets Investment Project Financing Grant establishes the key building blocks for a basic national safety net system and provides income support to extremely poor households. Total cost: $8 million. HDN 3/25/2014 n.a. 4.6 7.0 IDA Sixth Governance Reform and Growth Development Policy Grant supports the government program to improve the allocation and efficiency of public spending, strengthen domestic resource mobilization and management, and increase provision of electricity. Total cost: $25 million. PREM 4/23/2014 n.a. 16.3 25.0 South Sudan ◊ IDA Health Rapid Results Investment Project Financing Credit/Grant—Additional Financing improves the delivery of high-impact primary healthcare services in selected states and strengthens the Ministry of Health’s coordination, monitoring, and 2024/2053 6.6 c 10.0 c evaluation capacities. Total cost: $35 million. HDN 3/13/2014 n.a. 16.3 g 25.0 g First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Fourth Emergency Food Crisis Response Investment Project Financing Grant supports the adoption of improved technologies for food production and storage and provides cash or food to eligible beneficiaries. Total cost: $9 million. SDN 3/13/2014 n.a. 5.9 9.0 Tanzania ◊ IDA Private Sector Competitiveness Investment Project Financing Credit—Additional Financing continues to strengthen the business environment in the country, including land administration reform, and improves access to financial services. Total cost: $60.2 million. FPD 12/27/2013 2024/2053 39.2 60.2 ◊ IDA Second Power and Gas Sector Development Policy Credit strengthens the country’s ability to bridge its power sector financial gap, reduces power costs, and promotes private sector participation, and strengthens the management of natural gas resources. Total cost: $100 million. PREM 3/21/2014 2024/2054 65.2 100.0 ◊ IDA Eleventh Poverty Reduction Support Credit ensures macroeconomic stability, safeguards shared growth through sound management of public finances, and improves the investment climate in selected strategic areas for competitiveness. Total cost: $85 million. PREM 3/27/2014 2024/2054 55.5 85.0 IDA Intermodal and Rail Development Investment Project Financing Credit delivers a reliable open access infrastructure on the Dar es Salaam-Isaka rail segment. Total cost: $300 million. SDN 4/24/2014 2024/2054 193.9 300.0 ◊ IDA Strategic Cities Investment Project Financing Credit— Additional Financing improves the quality and access to basic urban services through rehabilitation and expansion of urban infrastructure and fiscal and management institutional strengthening. Total cost: $56.6 million. SDN 5/30/2014 2024/2054 32.4 50.0 ◊ IDA Water Sector Support Investment Project Financing Credit—Additional Financing supports the government’s poverty alleviation strategy through improvements in the governance of water resources management and the sustainable delivery of water supply and sanitation services. Total cost: $102.9 million. SDN 6/16/2014 2024/2054 29.0 44.9 Togo IDA Sixth Economic Growth and Governance Development Policy Credit supports reforms to strengthen economic governance, improves the efficiency of resource use, and supports growth-enhancing structural reforms in agriculture, energy, telecommunications, mining, and banking. Total cost: $14 million. PREM 12/5/2013 2024/2053 9.2 14.0 ◊ IDA Maternal and Child Health and Nutrition Services Support Investment Project Financing Grant increases utilization of selected maternal and child health and nutrition services for pregnant women and young children. Total cost: $14 million. HDN 2/19/2014 n.a. 9.1 14.0 ◊ IDA Community Development and Safety Nets Investment Project Financing Credit—Additional Financing provides poor communities with greater access to basic socio-economic infrastructure and social safety nets. Total cost: $16.1 million. HDN 3/7/2014 2024/2053 7.9 12.1 Uganda IDA Renewable Energy Development Partial Risk Guarantee increases electricity generation capacity of the country through support to small, renewable-energy-based, private power producers. Total cost: $160 million. SDN 3/18/2014 n.a. n.a. 160.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Second Kampala Institutional and Infrastructure Development Investment Project Financing Credit enhances infrastructure and the institutional capacity of the capital city authority to improve urban mobility in Kampala. Total cost: $183.8 million. SDN 3/20/2014 2024/2054 113.7 175.0 ◊ IDA Albertine Region Sustainable Development Investment Project Financing Credit improves local and regional access to infrastructure, markets, and skills development in the Albertine region. Total cost: $153.9 million. SDN 3/26/2014 2024/2054 94.6 145.0 ◊ IDA North Eastern Road-Corridor Asset Management Investment Project Financing Credit reduces transport costs, enhances road safety, and sustainably preserves the road assets along the Tororo-Kamdini road corridor by applying performance- based asset management contracts. Total cost: $255 million. SDN 4/30/2014 2024/2053 157.6 243.8 Zambia ◊ IDA Health Services Improvement Investment Project Financing Credit improves health delivery systems and the use of maternal, newborn, and child health and nutrition services in the project area. Total cost: $67 million. HDN 3/21/2014 2024/2054 33.9 52.0 Total 6,350.4 10,612.8 Note: Numbers may not add to totals because of rounding. The total cost in the project summary text includes IBRD/IDA lending plus co- financing, as applicable, while the principal amount refers only to IBRD/IDA financing. Principal amounts show the totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation. The symbol ◊ denotes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal, and with intended civil society participation in the implementation, monitoring, and evaluation phases. n.a. = not applicable; c = IDA credit; g = IDA grant; gu = IDA guarantee; l = IBRD loan. For more detailed information, see www.worldbank.org/projects. a. FPD = Financial and Private Sector Development; HDN = Human Development Network; OPCS = Operations Policy and Country Services; PREM = Poverty Reduction and Economic Management; SDN = Sustainable Development Network. b. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a “basket” of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant. Summaries of Operations Approved during Fiscal 2014, East Asia and Pacific First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Pacific Islands ◊ IDA Pacific Aviation Safety Office (PASO) Reform Investment Project Financing Grant ensures effective regional delivery of aviation safety and security oversight in Pacific Island countries by strengthening the PASO’s technical and coordination capacity. Total cost: $2.2 million. SDN 9/30/2013 n.a. 1.5 2.2 China ◊ IBRD Integrated Modern Agriculture Development Investment Project Financing Loan develops sustainable and climate-resilient agricultural production systems in selected provinces, municipalities, and autonomous regions. Total cost: $313.1 million. SDN 12/27/2013 2019/2038 n.a. 200.0 ◊ IBRD Guangdong Agricultural Pollution Control Investment Project Financing Loan reduces water pollutants released from crop and livestock production in selected areas of Guangdong Province. Total cost: $213.4 million. SDN 12/27/2013 2019/2038 n.a. 100.0 ◊ IBRD Qinghai Xining Urban Transport Investment Project Financing Loan enables residents to travel through Xining City in a fast, efficient, and safe manner, through strategic improvements to a major transport and urban development corridor. Total cost: $250.7 million. SDN 12/27/2013 2019/2043 n.a. 120.0 ◊ IBRD Anhui Yellow Mountain New Countryside Demonstration Investment Project Financing Loan improves the quality of services and income-generating opportunities available to rural households in selected villages of Huangshan municipality. Total cost: $145.2 million. SDN 12/27/2013 2019/2043 n.a. 100.0 ◊ IBRD Guiyang Rural Roads Investment Project Financing Loan provides improved transport accessibility in a sustainable manner in selected areas of Guiyang. Total cost: $250 million. SDN 3/6/2014 2020/2031 n.a. 150.0 ◊ IBRD HaJia Railway Investment Project Financing Loan improves mobility by responding to existing and anticipated transport demand along the Harbin-Jiamusi corridor through the provision of additional railway capacity and the reduction of transport time. Total cost: $5,566 million. SDN 3/28/2014 2020/2043 n.a. 300.0 ◊ IBRD Heilongjiang Cold Weather Smart Public Transportation System Investment Project Financing Loan upgrades the quality and efficiency of public transport services in selected public transport corridors of project cities. Total cost: $431 million. SDN 3/28/2014 2019/2038 n.a. 200.0 ◊ IBRD Shanxi Gas Utilization Investment Project Financing Loan increases the use of natural gas to reduce greenhouse gas emissions in selected counties of Shanxi province. Total cost: $295.4 million. SDN 3/28/2014 2019/2038 n.a. 100.0 ◊ IBRD Yunnan Honghe Prefecture Diannan Center Urban Transport Investment Project Financing Loan improves the safety, accessibility, and efficiency of trips taken by residents in the core urban areas of Mengzi City and Jianshui County. Total cost: $348.6 million. SDN 5/15/2014 2022/2039 n.a. 150.0 ◊ IBRD Jiaozuo Green Transport and Safety Improvement Investment Project Financing Loan improves transport safety and efficiency along selected transport corridors and promotes nonmotorized trips within the pilot green corridor in Jiaozuo City. Total cost: $200.2 million. SDN 5/15/2014 2019/2044 n.a. 100.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ IBRD Economic Transformation and Institutional Capacity Building Investment Project Financing Loan informs China’s policy making and strengthens capacity to implement priority reform areas articulated in China’s Five-Year Plans and other development programs. Total cost: $36.7 million. PREM 5/22/2014 2019/2038 n.a. 35.0 ◊ IBRD Fujian Fishing Ports Investment Project Financing Loan reduces the vulnerability of fishing communities to extreme weather events in selected counties in Fujian Province. Total cost: $103.5 million. SDN 6/3/2014 2021/2041 n.a. 60.0 Indonesia IBRD Second Power Transmission Development Investment Project Financing Loan increases access to electricity to help meet growing demand through strengthening and expanding the capacity of power transmission networks in a sustainable manner. Total cost: $346.4 million. SDN 7/8/2013 2021/2034 n.a. 325.0 ◊ IBRD Second Connectivity Development Policy Loan supports government policy reforms to strengthen the policy framework for improved national trade logistics, transportation, ICT, and trade facilitation. Total cost: $300 million. PREM 11/19/2013 2023/2033 n.a. 300.0 ◊ IBRD Second Institutional Strengthening for Social Inclusion Development Policy Loan supports the government’s program to promote a stable medium-term macro and fiscal environment, expand the coverage and capacity of social assistance programs, and strengthen public fiscal management. Total cost: $400 million. PREM 11/19/2013 2023/2033 n.a. 400.0 ◊ IBRD Coral Reef Rehabilitation and Management Program- Coral Triangle Initiative Investment Project Financing Loan institutionalizes a viable, decentralized, and integrated framework for sustainable management of coral reef resources, associated eco-systems, and bio-diversity for the welfare of selected communities. Total cost: $63.1 million. SDN 2/21/2014 2023/2033 n.a. 47.4 Kiribati ◊ IDA First Economic Reform Development Policy Grant supports the government in strengthening public services, while improving fiscal sustainability. Total cost: $5.2 million. PREM 12/11/2013 n.a. 3.4 5.2 Lao PDR ◊ IDA Ninth Poverty Reduction Support Credit/Grant supports policies and institutional reforms that enable the sustainable management of increasing revenues from natural resource sectors to deliver improved public services. Total cost: $20 2024/2053 6.7 c 10.0 c million. PREM 9/30/2013 n.a. 6.7 g 10.0 g ◊ IDA Protected Area and Wildlife Investment Project Financing Credit/Grant strengthens the management systems for national protected areas conservation and for enforcement of 2024/2054 8.2 c 12.5 c wildlife laws. Total cost: $25.2 million. SDN 4/2/2014 n.a. 3.0 g 4.5 g ◊ IDA Early Childhood Education Investment Project Financing Credit/Grant increases coverage and improves the quality of early childhood education services for 3- to 5-year-olds 2024/2054 9.1 c 14.0 c in targeted districts. Total cost: $28 million. HDN 4/2/2014 n.a. 9.1 g 14.0 g ◊ IDA Technical Assistance for Capacity Building in the Hydropower and Mining Sectors Investment Project Financing Credit/Grant—Additional Financing increases human capacity and improves the performance of government oversight institutions for the hydropower and mining sectors. 2024/2054 5.8 c 8.9 c Total cost: $17.8 million. SDN 6/3/2014 n.a. 5.8 g 8.9 g First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ IDA Small and Medium Enterprise Access to Finance Investment Project Financing Credit/Grant provides long-term funding sources for banks to increase the supply of finance available for long-term credit to small and medium enterprises. 2024/2054 6.5 c 10.0 c Total cost: $20 million. FPD 6/9/2014 n.a. 6.5 g 10.0 g Micronesia, Fed. Sts. ◊ IDA Energy Sector Development Investment Project Financing Grant increases the generation capacity and efficiency of electricity supply in state power utilities and strengthens government planning and technical capacity in the energy sector. Total cost: $14.4 million. SDN 5/29/2014 n.a. 9.4 14.4 Mongolia IDA E-Health Investment Project Financing Credit improves integration and utilization of health information and e-health solutions for better health service delivery in selected pilot sites. Total cost: $23.8 million. HDN 6/6/2014 2019/2039 12.7 19.5 ◊ IDA Third Sustainable Livelihoods Investment Project Financing Credit improves governance and community participation for the planning and delivery of priority investments in rural areas of the country. Total cost: $36.2 million. SDN 6/6/2014 2019/2039 16.1 24.8 ◊ IDA SMART Government Investment Project Financing Credit uses information and communication technologies to improve accessibility, transparency, and efficiency of the country’s public services. Total cost: $20 million. SDN 6/6/2014 2019/2039 12.6 19.4 ◊ IDA Education Quality Reform Investment Project Financing Credit improves the quality of education for primary school children, with a particular emphasis on improve native language and mathematical skills, and strengthens school-level planning. Total cost: $30 million. HDN 6/6/2014 2019/2039 19.5 30.0 Myanmar ◊ IDA Electric Power Investment Project Financing Credit increases the capacity and efficiency of gas-fired power generation and strengthens the institutional capacity of the Ministry of Electric Power and the Myanmar Electric Power Enterprise. Total cost: $140 million. SDN 9/24/2013 2023/2053 92.6 140.0 ◊ IDA Telecommunications Sector Reform Investment Project Financing Credit improves the telecommunications sector’s enabling environment, extends coverage in selected remote pilot locations, and establishes priority technological and institutional foundations for the government’s public sector reforms. Total cost: $31.5 million. SDN 2/6/2014 2024/2054 20.6 31.5 ◊ IDA Modernization of Public Finance Management Investment Project Financing Credit supports efficient, accountable, and responsive delivery of public services through the modernization of the country’s public financial management systems and institutional capacity strengthening. Total cost: $55 million. PREM 4/2/2014 2024/2054 19.6 30.0 ◊ IDA Decentralizing Funding to School Investment Project Financing Credit helps improve and expand the country’s School Grants Program and Student Stipends Program. Total cost: $100 million. HDN 5/20/2014 2024/2054 51.8 80.0 Papua New Guinea ◊ IDA Road Maintenance and Rehabilitation Investment Project Financing Credit—Additional Financing improves road transport by providing satisfactory physical conditions and safety, strengthens institutional arrangements for road maintenance, and enhances road-related economic opportunities for women. Total cost: $157 million. SDN 2/19/2014 2019/2038 82.4 126.5 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Productive Partnerships in Agriculture Investment Project Financing Credit—Additional Financing improves the livelihoods of smallholder cocoa and coffee producers supported by the project. Total cost: $73 million. SDN 2/28/2014 2019/2038 19.6 30.0 Philippines IBRD Second Inclusive Growth for Post-Typhoon Recovery Development Policy Loan helps the government address the human and economic impacts of Typhoon Haiyan through budget support to bridge the financing gap caused by unbudgeted expenditures and revenue loss due to the disaster and disaster response. Total cost: $500 million. PREM 12/6/2013 2024/2038 n.a. 500.0 ◊ IBRD National Community Driven Development Investment Project Financing Loan empowers communities in targeted municipalities to achieve improved access to services and to participate in more inclusive local planning, budgeting, and implementation. Total cost: $663.9 million. SDN 2/20/2014 2024/2039 n.a. 479.0 ◊ IBRD Learning, Equity, and Accountability Investment Project Financing Loan improves the quality of reading and math skills of children in grades 1 to 3 in targeted regions and schools, with a special focus on those belonging to disadvantaged groups. Total cost: $300 million. HDN 3/18/2014 2024/2039 n.a. 300.0 Samoa IDA Development Policy Grant supports recovery from the immediate impacts of cyclone Evan and helps to build resilience against such shocks in the future, including through improved disaster preparedness and management policies. Total cost: $25 million. PREM 7/12/2013 n.a. 10.1 15.0 ◊ IDA Enhanced Road Access Investment Project Financing Grant restores key road sector assets damaged by extreme weather events and enhances the climate resilience of critical roads and bridges in the country. Total cost: $32 million. SDN 10/17/2013 n.a. 13.3 20.0 ◊ IDA Agriculture and Fisheries Cyclone Response Investment Project Financing Grant provides recovery assistance to cyclone-affected farmers and fishers with the aim of restoring their lost production capacity, and to enhance agricultural sector disaster-response preparedness. Total cost: $5.1 million. SDN 10/17/2013 n.a. 3.3 5.0 ◊ IDA Samoa Aviation Investment Project Financing Grant improves the operational safety and oversight of international air transport and associated infrastructure. Total cost: $38.6 million. SDN 3/6/2014 n.a. 16.3 25.0 Solomon Islands ◊ IDA Second Development Policy Grant improves public financial management, the financial position of key state-owned enterprises, and extractive revenue transparency. Total cost: $2 million. PREM 8/27/2013 n.a. 1.4 2.0 IDA Rural Development Investment Project Financinging Grant—Additional Financing increases access of rural households to high priority, small-scale economic and social infrastructure, agriculture, and financial services. Total cost: $37.4 million. SDN 9/30/2013 n.a. 2.0 3.0 ◊ IDA Sustainable Energy Investment Project Financing Credit/Grant—Additional Financing improves operational efficiency, system reliability, and financial sustainability of the 2024/2054 7.2 c 11.0 c Solomon Islands Electricity Authority. Total cost: $19.4 million. SDN 3/21/2014 n.a. 1.4 g 2.0 g First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Timor-Leste ◊ IBRD/IDA Road Climate Resilience Specific Investment Credit/Loan—Additional Financing delivers sustainable climate-resilient road infrastructure on the Dili-Ainaro corridor. 2019/2038 n.a. c 25.0 c Total cost: $87 million. SDN 10/22/2013 2022/2041 n.a. l 15.0 l Tonga ◊ IDA First Economic Reform Support Development Policy Credit/Grant supports policy reforms to improve the mobilization and use of public resources while addressing constraints to 2024/2053 1.7 c 2.5 c private sector development. Total cost: $5 million. PREM 11/18/2013 n.a. 1.7 g 2.5 g ◊ IDA Cyclone Ian Reconstruction and Climate Resilience Investment Project Financing Credit/Grant restores housing, community facilities, and basic services to the affected population of Ha’apai and strengthens the country’s resilience to 2024/2054 3.9 c 6.0 c natural disasters. Total cost: $15.9 million. SDN 5/28/2014 n.a. 3.9 g 6.0 g Tuvalu IDA Tuvalu Aviation Investment Project Financing Grant— Additional Financing improves operational safety and oversight of international air transport infrastructure, including roads providing access or support to avian infrastructure. Total cost: $6.1 million. SDN 11/1/2013 n.a. 4.0 6.1 ◊ IDA First Development Policy Grant supports reforms that strengthen public financial management and improve the delivery of social services, while providing critical financing to enable the rebuilding of fiscal buffers. Total cost: $3 million. PREM 11/22/2013 n.a. 2.0 3.0 Vietnam ◊ IDA Mekong Integrated Water Resources Management (Second Phase) Investment Project Financing Credit develops the capacity of relevant agencies to manage trans- boundary water resources and climate risks through river basin approaches and improved water resources data management. Total cost: $30 million. SDN 11/27/2013 2019/2038 16.3 25.0 ◊ IDA Vietnam Road Asset Management Investment Project Financing Credit improves the efficiency and sustainability of the road asset management and maintenance practices performed by the government on national roads. Total cost: $302 million. SDN 12/12/2013 2019/2038 162.6 250.0 IDA Central Highlands Poverty Reduction Investment Project Financing Credit enhances living standards by improving livelihood opportunities in project communes of upland districts of the central highlands of the country. Total cost: $159.4 million. SDN 12/27/2013 2019/2038 97.6 150.0 ◊ IDA Irrigated Agriculture Improvement Investment Project Financing Credit improves the sustainability of irrigated agriculture production systems in selected central coastal and northern mountain provinces. Total cost: $210 million. SDN 1/15/2014 2019/2039 117.1 180.0 ◊ IDA Social Assistance System Strengthening Investment Project Financing Credit supports the government in strengthening the social assistance system by developing innovations in management and service delivery nationwide and piloting them in four provinces. Total cost: $62.5 million. HDN 1/22/2014 2019/2039 39.1 60.0 ◊ IDA Health Professionals Education and Training for Health Systems Reforms Investment Project Financing Credit improves the quality of health professional’s education, strengthens management competencies, and improves the competencies of primary health care teams at the grass-roots level. Total cost: $121 million. HDN 5/6/2014 2019/2039 68.6 106.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Results-Based National Urban Development in the Northern Mountains Program-for-Results Credit strengthens the capacity of participating Northern Mountain cities to plan, implement, and sustain urban infrastructure. Total cost: $300 million. SDN 6/5/2014 2019/2039 161.8 250.0 ◊ IDA Second Economic Management and Competitiveness Development Policy Credit enhances competitiveness through strengthened financial sector and fiscal management, strengthens public administration through specific reforms, and reduces administrative burden through improved tax and procurement policies. Total cost: $250 million. PREM 6/5/2014 2019/2039 161.8 250.0 IBRD Third Power Sector Reform Development Policy Loan supports the design and implementation of a competitive, efficient, and reliable electricity market, restructures the power sector and electricity tariffs, encourages investment in new generation capacity, and promotes the efficient use of electricity. Total cost: $200 million. SDN 6/30/2014 2021/2043 n.a. 200.0 ◊ IDA Third Climate Change Development Policy Credit supports government efforts to address climate change by adopting policies and strengthening institutional capacity to promote climate resilient and lower carbon intensity development. Total cost: $70 million. SDN 6/30/2014 2019/2039 45.2 70.0 Total 1,371.5 6,312.7 Note: Numbers may not add to totals because of rounding. The total cost in the project summary text includes IBRD/IDA lending plus co- financing, as applicable, while the principal amount refers only to IBRD/IDA financing. Principal amounts show the totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation. The symbol ◊ denotes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal, and with intended civil society participation in the implementation, monitoring, and evaluation phases. n.a. = not applicable; c = IDA credit; g = IDA grant; gu = IDA guarantee; l = IBRD loan. For more detailed information, see www.worldbank.org/projects. a. FPD = Financial and Private Sector Development; HDN = Human Development Network; OPCS = Operations Policy and Country Services; PREM = Poverty Reduction and Economic Management; SDN = Sustainable Development Network. b. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a “basket” of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant. Summaries of Operations Approved during Fiscal 2014, Europe and Central Asia First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Central Asia ◊ IDA Central Asia Road Links (Phase I) Investment Project Financing Credit/Grant increase transport connectivity between the Kyrgyz Republic and Tajikistan along priority cross-border road links, while supporting improvements in road operations and 2024/2054 23.9 c 36.8 c maintenance practices. Total cost: $54 million. SDN 4/22/2014 n.a. 5.3 g 8.2 g Albania ◊ IBRD Water Sector Investment Project Financing Loan improves the quality of water and wastewater services and the financial performance of the Durres Water Utility in its service area. Total cost: $85.7 million. SDN 12/20/2013 2024/2036 n.a. 85.3 IBRD Financial Sector Modernization Development Policy Loan strengthens the financial sector regulatory and supervisory regime and mitigates key vulnerabilities of the bank and non- bank financial sectors. Total cost: $100 million. FPD 5/15/2014 2021/2036 n.a. 100.0 ◊ IBRD First Public Finance Development Policy Loan improves the country’s fiscal sustainability through strengthening public financial management to address arrears and tax, pension, and energy sector reforms to support macro-fiscal stability. Total cost: $120 million. PREM 5/29/2014 2021/2037 n.a. 120.0 Armenia ◊ IBRD/IDA First Development Policy Loan/Credit supports job creation through growth-enhancing reforms to strengthen the country’s competitiveness and support fiscal, social, and 2023/2038 n.a. l 31.0 l environmental sustainability. Total cost: $72 million. PREM 11/7/2013 2018/2038 n.a. c 41.0 c ◊ IBRD/IDA Education Improvement Investment Project Financing Loan/Credit improves primary school readiness of children and the availability of quality upper secondary educational resources and supports improved quality and relevance of higher education institutions. Total cost: $37.5 2024/2038 n.a. l 15.0 l million. HDN 3/13/2014 2019/2038 9.8 c 15.0 c ◊ IDA Second Social Protection Administration Investment Project Financing Credit improves social protection service delivery and strengthens analytical and monitoring and evaluation functions of the agencies delivering social protection benefits and services. Total cost: $25.5 million. HDN 3/24/2014 2019/2039 13.9 21.2 ◊ IBRD/IDA Second Community Agricultural Resource Management and Competitiveness Investment Project Financing Credit/Loan improves productivity and sustainability of pasture and livestock systems in targeted communities and increases the marketed production from selected livestock and 2019/2039 6.3 c 9.7 c high-value agrifood value chains. Total cost: $42.7 million. SDN 6/20/2014 2024/2039 n.a. 23.0 l Azerbaijan ◊ IBRD Agricultural Competitiveness Improvement Investment Project Financing Loan facilitates agricultural producers' access to markets by strengthening sanitary and phytosanitary services, enhancing selected value chains, and providing financial services to agribusiness enterprises. Total cost: $53.3 million. SDN 9/30/2013 2017/2030 n.a. 34.5 Belarus ◊ IBRD Biomass District Heating Investment Project Financing Loan scales up the efficient use of renewable biomass in heat and electricity generation in selected towns in the country. Total cost: $90 million. SDN 3/31/2014 2019/2028 n.a. 90.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ IBRD Water Supply and Sanitation Investment Project Financing Loan—Additional Financing increases access to water supply services and improves the quality of water supply and wastewater services in selected urban areas in all six oblasts (provinces). Total cost: $90 million. SDN 3/31/2014 2018/2029 n.a. 90.0 Bosnia and Herzegovina ◊ IDA Energy Efficiency Investment Project Financing Credit demonstrates the benefits of energy efficiency improvements in public sector buildings and supports the development of scalable energy efficiency financing models. Total cost: $32 million. SDN 3/13/2014 2019/2039 20.8 32.0 ◊ IDA Drina Flood Protection Investment Project Financing Credit provides increased protection from flood events to agricultural and commercial interests and communities in the project area. Total cost: $28.3 million. SDN 5/16/2014 2019/2039 15.6 24.0 ◊ IDA Floods Emergency Recovery Investment Project Financing Credit meets critical needs and restores functionality of infrastructure essential for public services and economic recovery in flood affected areas. Total cost: $100.0 million. SDN 6/30/2014 2019/2039 65.0 100.0 Croatia ◊ IBRD Second Economic Recovery Development Policy Loan supports measure that aim to enhance fiscal sustainability through expenditure-based consolidation and to strengthen the investment climate. Total cost: $206.8 million. PREM 4/29/2014 2028/2028 n.a. 206.8 ◊ IBRD Improving Quality and Efficiency of Health Services Program-for-Results Loan improves the quality of health care and efficiency of health care services in the country. Total cost: $248.3 million. HDN 5/8/2014 2018/2033 n.a. 103.5 Georgia ◊ IBRD Transmission Grid Strengthening Investment Project Financing Loan provides reliable power transmission to the grid, upgrades electricity exchange systems, and provides economically efficient, environmentally, and socially sustainable electricity sector planning. Total cost: $61.9 million. SDN 5/13/2014 2024/2039 n.a. 60.0 ◊ IDA Irrigation and Land Market Development Investment Project Financing Credit improves delivery of irrigation and drainage services and develops improved policies and procedures as a basis for a national program of land registration. Total cost: $50 million. SDN 5/23/2014 2019/2039 32.4 50.0 ◊ IBRD/IDA Third Competitiveness and Growth Development Policy Credit/Loan strengthens legislation to improve European Union market access and customs efficiency, power sector reliability, and general education quality; improves budget coverage and transparency; and improves the accessibility to quality healthcare and efficient social programs. Total cost: $92.7 2019/2039 14.7 c 22.7 c million. PREM 6/26/2014 2024/2039 n.a. 70.0 l Kazakhstan ◊ IBRD Justice Sector Institutional Strengthening Investment Project Financing Loan strengthens the institutional capacity of selected agencies for effective implementation of selected laws and improves the efficiency, transparency, and access to selected public services in the justice sector. Total cost: $60 million. PREM 3/19/2014 2020/2034 n.a. 36.0 Kosovo ◊ IDA Kosovo Health Investment Project Financing Credit improves financial protection from health spending for the poor and quality of care for priority maternal and child health and noncommunicable disease services. Total cost: $25.5 million. HDN 5/13/2014 2019/2039 16.5 25.5 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Energy Efficiency and Renewable Energy Investment Project Financing Credit reduces energy consumption and fossil fuel use in public buildings through efficiency and renewable energy investments and enhances the regulatory environment for renewable and efficient energy. Total cost: $32.5 million. SDN 6/18/2014 2019/2039 20.1 31.0 Kyrgyz Republic ◊ IDA First Development Policy Credit/Grant supports reforms to strengthen governance and anti-corruption efforts, and to sharpen competitiveness and attractiveness for private investment through improving transparency and governance in 2023/2053 9.2 c 13.8 c selected sectors. Total cost: $25 million. PREM 7/25/2013 n.a. 7.6 g 11.3 g ◊ IDA Second Development Policy Credit/Grant promotes sustainable growth through improved public sector governance, a more accountable use of public resources, and an improved 2024/2054 9.0 c 13.9 c environment for doing business. Total cost: $25 million. PREM 6/10/2014 n.a. 7.2 g 11.1 g Macedonia, FYR IBRD Skills Development and Innovation Support Investment Project Financing Loan improves transparency of resource allocation and promotes accountability in higher education, enhances the relevance of secondary technical vocational education, and supports innovation capacity. Total cost: $24 million. HDN 1/28/2014 2019/2031 n.a. 24.0 ◊ IBRD Second Programmatic Competitiveness Development Policy Loan strengthens economic competitiveness by incentivizing investments in the manufacturing, agribusiness, and trade logistics sectors, and by enabling progressive increases to labor market flexibility and innovation. Total cost: $50 million. FPD 3/13/2014 2019/2031 n.a. 50.0 Moldova ◊ IBRD/IDA First Development Policy Loan/Credit supports reforms to improve the business environment and competition, strengthen financial sector stability, transparency, and access to finance, and improves the capacity and equity of public 2019/2044 n.a. l 9.0 l investment management. Total cost: $30 million. PREM 3/28/2014 2019/2039 13.7 c 21.0 c ◊ IDA Health Transformation Program for Results Credit contributes to reducing key risks for non-communicable diseases and improving efficiency of health services. Total cost: $113.7 million. HDN 5/22/2014 2019/2039 20.0 30.8 Montenegro IBRD Energy Efficiency Investment Project Financing Loan—Additional Financing improves energy efficiency performance in public sector buildings to provide a demonstrated basis for improving implementation practices and capacity in public institutions and service providers. Total cost: $6.8 million. SDN 12/23/2013 2019/2028 n.a. 6.8 Romania ◊ IBRD Improving Health System Quality and Efficiency Investment Project Financing Loan improves access to and the quality and efficiency of public health services throughout the country. Total cost: $338.8 million. HDN 3/28/2014 2032/2032 n.a. 338.8 ◊ IBRD First Fiscal Effectiveness and Growth Development Policy Loan strengthens fiscal management and the performance of state-owned enterprises and improves the functioning of property, energy, and capital markets. Total cost: $1,034.8 million. PREM 5/22/2014 2032/2032 n.a. 1,034.8 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Russian Federation IBRD Public Finance Management Technical Assistance Loan improves transparency and the focus on results in public financial management and builds institutional foundations for improved budget efficiency, effectiveness, and accountability. Total cost: $133.6 million. PREM 9/13/2013 2019/2031 n.a. 50.0 IBRD Second National Hydromet Modernization Specific Investment Loan enhances national capacity to deliver reliable and timely weather, hydrological, and climate information, and improves capacity to integrate Russia into the global system of meteorological services. Total cost: $139.5 million. SDN 9/17/2013 2018/2031 n.a. 60.0 Serbia IBRD Second Serbia Health Investment Project Financing Loan supports the strengthening of health financing, purchasing, and maintenance systems; quality improvement systems; and the management of selected priority non-communicable diseases. Total cost: $40 million. HDN 2/25/2014 2019/2029 n.a. 40.0 IBRD Deposit Insurance Strengthening Investment Project Financing Loan strengthens the financial and institutional capacity of the Deposit Insurance Agency, so as to enable it to meet its deposit insurance and bank resolution obligations. Total cost: $200 million. FPD 2/25/2014 2019/2031 n.a. 200.0 Tajikistan IDA Health Services Improvement Investment Project Financing Grant contributes to the improvement of the coverage and quality of basic primary health care services in rural health facilities in selected districts. Total cost: $23 million. HDN 7/30/2013 n.a. 10.0 15.0 ◊ IDA Agriculture Commercialization Investment Project Financing Grant increases the commercialization of farm and agribusiness products by improving the performance of selected value chains and productive partnerships through increased access to finance and strengthened capacity. Total cost: $25.9 million. SDN 6/10/2014 n.a. 14.3 22.0 Turkey IBRD Renewable Energy Integration Specific Investment Loan assists the country in meeting its increased power demand by strengthening the transmission system and facilitating large- scale renewable energy generation. Total cost: $475 million. SDN 5/9/2014 2019/2032 n.a. 300.0 Ukraine ◊ IBRD Second Urban Infrastructure Investment Project Financing Loan improves the quality and efficiency of water, wastewater, and solid waste services in selected cities. Total cost: $350 million. SDN 5/22/2014 2019/2031 n.a. 300.0 ◊ IBRD District Heating Energy Efficiency Investment Project Financing Loan improves the energy efficiency and quality of service of selected Ukrainian district heating companies, improves their financial viability, and decreases their CO2 emissions. Total cost: $382 million. SDN 5/22/2014 2019/2031 n.a. 332.0 IBRD First Development Policy Loan promotes good public sector governance, transparency, and accountability; strengthens the regulatory framework and reduces costs of doing business; and reforms inefficient and inequitable utility subsidies. Total cost: $750 million. PREM 5/22/2014 2021/2030 n.a. 750.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Uzbekistan ◊ IBRD/IDA South Karakalpakstan Water Resources Management Improvement Investment Project Financing Credit/Loan restores irrigation and improves water management in the project area in a sustainable and financially efficient 2019/2039 156.9 c 242.5 c manner. Total cost: $337.4 million. SDN 6/12/2014 2019/2039 n.a. 18.3 l IBRD Horticulture Development Investment Project Financing Loan enhances the production and profitability of the horticulture sector in the project area. Total cost: $160 million. SDN 6/12/2014 2019/2039 n.a. 150.0 Total 492.1 5,527.2 Note: Numbers may not add to totals because of rounding. The total cost in the project summary text includes IBRD/IDA lending plus co- financing, as applicable, while the principal amount refers only to IBRD/IDA financing. Principal amounts show the totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation. The symbol ◊ denotes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal, and with intended civil society participation in the implementation, monitoring, and evaluation phases. n.a. = not applicable; c = IDA credit; g = IDA grant; gu = IDA guarantee; l = IBRD loan. For more detailed information, see www.worldbank.org/projects. a. FPD = Financial and Private Sector Development; HDN = Human Development Network; OPCS = Operations Policy and Country Services; PREM = Poverty Reduction and Economic Management; SDN = Sustainable Development Network. b. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a “basket” of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant. Summaries of Operations Approved during Fiscal 2014, Latin America and the Caribbean First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Central America IDA Honduras and Nicaragua Catastrophe Risk Insurance Investment Project Financing Credit enables the access of Honduras and Nicaragua to efficient sovereign risk insurance associated with tropical cyclones, earthquakes, and/or excess rainfall. Total cost: $24 million. SDN 6/18/2014 2019/2054 15.6 24.0 Organization of Eastern Caribbean States Countries ◊ IDA Disaster Vulnerability Reduction Investment Project Financing Credit reduces vulnerability to natural hazards and climate change impacts in Saint Lucia. Total cost: $68 million. SDN 6/4/2014 2024/2054 26.6 41.0 Bolivia IDA Improving Employability and Labor Income of Youth Investment Project Financing Credit improves employability and labor income of poor youth by supporting the expansion of the Skills Development Program in selected cities. Total cost: $21.5 million. HDN 5/15/2014 2019/2038 13.0 20.0 ◊ IDA Access and Renewable Energy Investment Project Financing Credit expands access to electricity in unserved areas under a model of electricity access expansion that supports the implementation of the national decentralized framework. Total cost: $59.2 million. SDN 5/27/2014 2019/2039 32.4 50.0 ◊ IDA Strengthening Statistical Capacity and the Invormation Base for Evidence-Based Planning Investment Project Financing Credit—Additional Financing strengthens the country’s statistical capacity and informational base, in order to provide quality information to support systems for planning, designing, monitoring, and evaluating public programs and policies. Total cost: $26.2 million. PREM 6/18/2014 2019/2039 15.1 23.3 Brazil IBRD Strengthen Service Delivery for Growth, Poverty Reduction, and Environmental Sustainability Program for Results Loan supports the government to improve public service delivery, particularly in the areas of skills development, family assistance, and water quality, in the state of Ceará. Total cost: $350 million. FPD 11/21/2013 2019/2043 n.a. 350.0 ◊ IBRD Enhancing Public Management for Service Delivery in Rio de Janeiro Development Policy Loan enhances public services delivery by supporting new policies to improve public expenditures management, the accessibility of quality urban mobility services, and the availability of violence-reduction social services. Total cost: $500 million. SDN 11/21/2013 2024/2039 n.a. 500.0 ◊ IBRD Strengthening Public Policies for Improved Service Delivery Development Policy Loan enhances the efficiency of public sector administration, particularly in the areas of education and gender equality, in the state of Acre. Total cost: $250 million. PREM 12/5/2013 2019/2039 n.a. 250.0 ◊ IBRD Strengthening Public Management and Integrated Territorial Development Technical Assistance Loan supports improvements to service delivery by introducing performance- based management information technologies and an integrated territorial development approach in key public services. Total cost: $48 million. SDN 2/12/2014 2018/2038 n.a. 48.0 ◊ IBRD Espírito Santo Integrated Sustainable Water Management Investment Project Financing Loan improves sustainable water resource management and increases access to sanitation in the project area. Total cost: $323.1 million. SDN 3/28/2014 2015/2038 n.a. 225.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IBRD Modernizing Public Sector Management, Citizen Security, and Gender Policies Development Policy Loan improves tax administration and procurement procedures and strengthens the delivery of citizen security services and women’s access to justice and social services. Total cost: $216 million. PREM 5/23/2014 2019/2039 n.a. 216.0 ◊ IBRD Strengthening Fiscal and Water Resources Management Development Policy Loan improves government capacity to mitigate economic volatility in the state of Rio Grande do Sul by supporting measures to increase available government resources and to reinforce the integrated water resource management framework. Total cost: $280 million. PREM 6/27/2014 2019/2043 n.a. 280.0 ◊ IBRD Bahia Sustainable Rural Development Investment Project Financing Loan increases market integration, net revenues, and food security of organized beneficiaries, as well as improves access to water supply and sanitation services of households. Total cost: $260 million. SDN 6/27/2014 2019/2044 n.a. 150.0 Colombia ◊ IBRD Enhancing Fiscal Capacity to Promote Shared Prosperity Development Policy Loan supports improving fiscal, territorial, and gender equity through specific actions in targeted policy areas, while enhancing access to information and accountability in public spending. Total cost: $600 million. PREM 9/6/2013 2031/2031 n.a. 600.0 ◊ IBRD Subnational Institutional Strengthening Investment Project Financing Loan improves subnational governments’ performance in core public management areas and strengthens the central government’s capacity to manage the Decentralization and Territorial Management Framework. Total cost: $70 million. PREM 12/16/2013 2031/2031 n.a. 70.0 IBRD Access with Quality to Higher Education (Phase II) Investment Project Financing Loan increases student enrollment, graduation, and equity in higher education by increasing the number of student loans and focusing on students from disadvantaged socioeconomic backgrounds, and by enhancing institutional capacity. Total cost: $436 million. HDN 4/1/2014 2020/2041 n.a. 200.0 Dominica ◊ IDA Disaster Vulnerability Reduction (Phase III) Investment Project Financing Credit reduces vulnerability to natural hazards and climate change impacts through investment in resilient infrastructure and improved hazard data collection and monitoring systems. Total cost: $39.5 million. SDN 5/1/2014 2024/2054 11.0 17.0 Ecuador ◊ IBRD Quito Metro Line One Investment Project Financing Loan improves urban mobility in the city of Quito through reduced travel time, decreased operational costs, improved connectivity, and reduced emissions of pollutants and greenhouse gases. Total cost: $1,684.2 million. SDN 7/25/2013 2029/2043 n.a. 205.0 ◊ IBRD Manta Public Services Improvement Investment Project Financing Loan supports the municipality of Manta in increasing the quality and sustainability of public services for water, sanitation, and urban mobility. Total cost: $115.6 million. SDN 8/8/2013 2018/2043 n.a. 100.0 Grenada ◊ IDA First Programmatic Resilience Building Development Policy Credit supports policy and institutional reforms to create conditions for sustainable private investment, support improved public sector management and social safety net targeting, enhance natural disaster resilience, and improve debt management. Total cost: $15 million. PREM 6/30/2014 2024/2054 9.7 15.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Guatemala ◊ IBRD Enhanced Fiscal and Financial Management for Greater Opportunities Development Policy Loan supports reforms to strengthen tax administration and tax policy, strengthens budget management and increases the results orientation of public spending, and improves the management and coordination of social policies. Total cost: $340 million. PREM 6/17/2014 2024/2039 n.a. 340.0 Guyana ◊ IDA Flood Risk Management Investment Project Financing Credit reduces the risk of flooding in the low-lying areas of the East Demarara. Total cost: $11.9 million. SDN 6/4/2014 2019/2039 7.7 11.9 ◊ IDA Secondary Education Improvement Investment Project Financing Credit strengthens the capacity of secondary school mathematics teachers nationwide and increases enrollment in targeted general secondary schools. Total cost: $10 million. HDN 6/4/2014 2019/2039 6.5 10.0 Haiti ◊ IDA Center and Artibonite Regional Development Investment Project Financing Grant supports the development of the Centre Artibonite Loop region, by enhancing all-weather connectivity and logistics for producers and the region’s resilience to climate change, and supports its capacity to respond effectively to emergencies. Total cost: $58 million. SDN 5/19/2014 n.a. 32.4 50.0 ◊ IDA Cultural Heritage Preservation and Tourism Sector Support Investment Project Financing Grant increases the attractiveness of cultural heritage sites for tourists and improves the living environment for residents in the north, and supports government capacity to respond effectively to emergencies. Total cost: $45 million. SDN 5/19/2014 n.a. 29.1 45.0 ◊ IDA Urban Community Driven Development Investment Project Financing Grant—Additional Financing to improve access to basic infrastructure and services, including needed housing repair, reconstruction, and community infrastructure improvements, and income-generating opportunities for residents of targeted disadvantaged urban areas. Total cost: $6 million. SDN 6/20/2014 n.a. 4.9 7.5 Honduras IDA Social Protection Investment Project Financing Credit— Additional Financing improves capacity to manage the conditional cash transfer program, provides income support to eligible beneficiaries, increases preventive health services use and school attendance, and improves emergency response capacity. Total cost: $13.5 million. HDN 8/8/2013 2018/2038 8.2 12.3 Jamaica ◊ IBRD Economic Stabilization and Foundations for Growth Development Policy Loan supports government implementation of a set of policy and institutional reforms to increase competitiveness and improve fiscal management. Total cost: $130 million. PREM 12/12/2013 2020/2043 n.a. 130.0 IBRD Social Protection Investment Project Financing Loan— Additional Financing supports the strengthening of the country’s social protection system. Total cost: $40 million. HDN 1/24/2014 2020/2043 n.a. 40.0 ◊ IBRD Early Childhood Development Investment Project Financing Loan—Additional Financing improves parenting education and support programs, the monitoring of children’s development, the screening and mitigation of risk, and the quality of early childhood institutions. Total cost: $14 million. HDN 2/11/2014 2020/2043 n.a. 12.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IBRD Integrated Community Development Investment Project Financing Loan enhances access to basic urban infrastructure and services, and contributes toward increased community safety in selected economically vulnerable and socially volatile inner-city communities. Total cost: $42 million. SDN 3/14/2014 2020/2043 n.a. 42.0 Mexico ◊ IBRD Third Upper Secondary Education Development Policy Loan supports the implementation of the government’s reform program to improve the internal efficiency, flexibility, and quality of upper secondary education. Total cost: $300.8 million. HDN 12/16/2013 2021/2021 n.a. 300.8 ◊ IBRD Oaxaca Water and Sanitation Sector Modernization Program-for-Results Loan supports improvements of the institutional framework of the water supply and sanitation sector of the state of Oaxaca and improves the quality and sustainability of water supply service in selected urban areas. Total cost: $55 million. SDN 6/6/2014 2019/2031 n.a. 55.0 Nicaragua ◊ IDA Community Health Investment Project Financing Credit—Additional Financing improves access to quality preventive and promotion health and nutrition services, strengthens government operational capacity through the rehabilitation of health centers, and ensures financial support in case of emergencies. Total cost: $10 million. HDN 2/24/2014 2024/2054 n.a. 10.0 ◊ IDA Sustainable Rural Water Supply and Sanitation Sector Investment Project Financing Credit/Grant increases access to sustainable services in selected areas through the consolidation of rural institutions and the provision of infrastructure, and improves the government’s capacity to respond effectively to eligible emergencies. Total cost: $32 2024/2053 n.a. c 14.3 c million. SDN 3/18/2014 n.a. 10.2 g 15.7 g ◊ IDA Rural Roads Infrastructure Improvement Investment Project Financing Credit/Grant—Additional Financing improves access to markets and public services and supports the generation of short-term employment opportunities for targeted rural populations and improves the country’s capacity to respond effectively to an eligible emergency. Total cost: $66.5 2024/2054 1.9 c 2.9 c million. SDN 6/25/2014 n.a. 34.9 g 54.1 g Panama ◊ IBRD Third Programmatic Fiscal Management and Efficiency of Expenditures Development Policy Loan supports government reforms to mobilize tax revenue and improve transparency, modernize public procurement practices, improve debt management institutions, and improve and expand social transfer programs. Total cost: $200 million. PREM 12/30/2013 2016/2033 n.a. 200.0 Paraguay IBRD Sustainable Agriculture and Rural Development Investment Project Financing Loan—Additional Financing sustainably improves the socio-economic condition of small- scale farmers and indigenous communities, by supporting actions to strengthen their community organizations, self- governance, and access to markets and value chains. Total cost: $116 million. SDN 12/5/2013 2022/2043 n.a. 100.0 Peru ◊ IBRD Cusco Regional Development Investment Project Financing Loan improves tourism and solid waste management services and increases the resilience of the tourism sector to the impacts of natural disasters in the provinces of Calca, Urubamba, and Cusco. Total cost: $52.1 million. SDN 11/22/2013 2018/2020 n.a. 35.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IBRD National Agricultural Innovation System Support Investment Project Financing Loan creates adequate conditions in the National Agricultural Innovation System to support the effectiveness of its member organizations in providing or developing improved agricultural technologies. Total cost: $128 million. SDN 12/17/2013 2022/2023 n.a. 40.0 ◊ IBRD Cusco Transport Improvement Investment Project Financing Loan improves mobility in the east-west corridor of Cusco Provincial Municipality. Total cost: $152.6 million. SDN 2/28/2014 2022/2035 n.a. 120.0 St. Vincent and the Grenadines ◊ IDA Regional Disaster Vulnerability Reduction Investment Project Financing Credit—Additional Financing measurably reduces vulnerability to natural hazards and climate change impacts. Total cost: $40.6 million. SDN 5/9/2014 2024/2054 23.1 35.6 Total 282.3 5,068.4 Note: Numbers may not add to totals because of rounding. The total cost in the project summary text includes IBRD/IDA lending plus co- financing, as applicable, while the principal amount refers only to IBRD/IDA financing. Principal amounts show the totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation. The symbol ◊ denotes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal, and with intended civil society participation in the implementation, monitoring, and evaluation phases. n.a. = not applicable; c = IDA credit; g = IDA grant; gu = IDA guarantee; l = IBRD loan. For more detailed information, see www.worldbank.org/projects. a. FPD = Financial and Private Sector Development; HDN = Human Development Network; OPCS = Operations Policy and Country Services; PREM = Poverty Reduction and Economic Management; SDN = Sustainable Development Network. b. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a “basket” of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant. Summaries of Operations Approved during Fiscal 2014, Middle East and North Africa First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Djibouti ◊ IDA Second Urban Poverty Reduction Investment Project Financing Credit increases access to basic urban services in Quartier 7 in Djibouti City. Total cost: $5.6 million. SDN 5/14/2014 2019/2038 3.7 5.6 ◊ IDA Governance for Private Sector Development Investment Project Financing Credit assists the country in improving its business environment. Total cost: $4 million. FPD 6/23/2014 2019/2039 1.3 2.0 Egypt, Arab Rep. ◊ IBRD Promoting Innovation for Inclusive Financial Access Investment Project Financing Loan expands access to finance for micro and small enterprises in the country using innovative financing mechanism, with a special focus on youth and women as well as underserved regions. Total cost: $300 million. FPD 4/1/2014 2021/2042 n.a. 300.0 Iraq ◊ IBRD Transport Corridors Investment Project Loan improves road transport connectivity and safety on selected road sections along Expressway 1 and the north-south transport corridor. Total cost: $385 million. SDN 12/19/2013 2019/2028 n.a. 355.0 Jordan IBRD Emergency Project to Assist Jordan Partially Mitigate Impact of Syrian Conflict Investment Project Financing Loan helps maintain access to essential health care services and basic household needs for the Jordanian population affected by the large and increasing influx of Syrian refugees. Total cost: $150 million. HDN 7/18/2013 2018/2038 n.a. 150.0 ◊ IBRD Second Programmatic Development Policy Loan improves government transparency and accountability, debt management, and the efficiency of government spending, and promotes private sector-driven growth. Total cost: $250 million. PREM 3/13/2014 2019/2043 n.a. 250.0 Lebanon IBRD Mobile Internet Ecosystem Specific Investment Loan strengthens innovation and entrepreneurship in the internet ecosystem through skills development and training, creating instruments for networking, and identifying areas to improve global competitiveness. Total cost: $12.8 million. SDN 7/31/2013 2018/2025 n.a. 6.4 IBRD Second Fiscal Management Reform Investment Project Financing Loan strengthens capacity in fiscal policy analysis, debt management, and budgetary allocation of public resources; enhances the efficiency of financial management systems; and tightens the control environment for more effective use of public resources. Total cost: $5.2 million. PREM 4/14/2014 2018/2032 n.a. 5.2 Morocco ◊ IBRD First Transparency and Accountability Development Policy Loan supports key new constitutional governance principles and rights, aimed at increasing transparency and accountability and enhancing citizen engagement and access to information. Total cost: $200 million. PREM 10/29/2013 2020/2042 n.a. 200.0 IBRD Office National de l'Electricité et de l'Eau Potable Support Investment Project Loan—Additional Financing contributes to the increase in efficiency and reliability of electricity supply to consumers. Total cost: $40.5 million. SDN 11/26/2013 2017/2033 n.a. 40.5 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IBRD First Inclusive Green Growth Development Policy Loan improves the management of natural capital, supports the greening of physical capital, and strengthens and diversifies the rural economy by leveraging human capital. Total cost: $300 million. SDN 12/19/2013 2020/2042 n.a. 300.0 ◊ IBRD Rural Water Supply Investment Project Financing Loan provides access to safe and reliable drinking water supply for rural communities in targeted underserved areas. Total cost: $223.6 million. SDN 4/29/2014 2021/2042 n.a. 158.6 IBRD First Capital Market Development and Small- and Medium-Sized Enterprise Finance Development Policy Loan deepens capital markets by broadening the range of instruments and investors, reforms pension systems, fosters the financing of small and young enterprises, and consolidates oversight to balance greater access with continued financial stability. Total cost: $300 million. FPD 4/29/2014 2021/2042 n.a. 300.0 IBRD Second Rural Roads Investment Project Financing Loan—Additional Financing increases the rural populations’ access to all-weather roads, in support of the government’s program. Total cost: $132.6 million. SDN 6/9/2014 2025/2035 n.a. 96.6 Tunisia ◊ IBRD Micro, Small, and Medium Enterprise Development Investment Project Financing Loan—Additional Financing improves access to finance for micro, small, and medium enterprises, including through enabling previously creditworthy micro, small, and medium enterprises to maintain access to credit. Total cost: $100 million. FPD 4/17/2014 2020/2029 n.a. 100.0 ◊ IBRD Second Governance, Opportunities, and Jobs Development Policy Loan helps establish the policy foundations for a more competitive business environment, a strengthened financial sector, more inclusive and accountable social services, and more transparent public governance. Total cost: $250 million. PREM 4/29/2014 2014/2043 n.a. 250.0 IBRD Urban Water Supply Investment Project Financing Loan—Additional Financing ensures the continuity of water services (twenty-four hours per day, seven days a week) to the population in greater Tunis and other targeted cities and improves the financial viability of the national water distribution company. Total cost: $26.2 million. SDN 6/9/2014 2020/2032 n.a. 26.2 ◊ IBRD Third Export Development Investment Project Financing Loan assists the country to increase and diversify exports by supported enterprises. Total cost: $74.5 million. FPD 6/16/2014 2021/2043 n.a. 50.0 Yemen, Rep. ◊ IDA Financial Infrastructure Development Investment Project Grant develops a financial institutional infrastructure that supports greater transparency and efficiency of financial transactions in the financial system. Total cost: $20 million. FPD 7/25/2013 n.a. 13.4 20.0 ◊ IDA Civil Society Organizations (CSO) Support Investment Project Financing Grant increases transparency and ease of entry in the CSO sector and enhances CSO capacity in social accountability. Total cost: $8 million. SDN 2/28/2014 n.a. 5.2 8.0 ◊ IDA Mocha Wind Park Investment Project Financing Grant increases the supply of cost-effective renewable wind electricity. Total cost: $144 million. SDN 3/7/2014 n.a. 13.0 20.0 ◊ IDA Maternal and Newborn Voucher Investment Project Financing Grant increases the utilization of maternal and newborn health services in the project target areas. Total cost: $20 million. HDN 3/31/2014 n.a. 6.6 10.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Corridor Highway Investment Project Financing Grant improves transport connectivity and safety on the targeted section of the transport corridor between Aden and Taiz. Total cost: $191 million. SDN 6/2/2014 n.a. 86.3 133.5 c Special Financing West Bank and Gaza ◊ Fourth Palestinian Non-Governmental Organization Grant—Additional Financing provides social services through non-governmental organizations to those who are poor, vulnerable, or marginalized and strengthens the institutional capacity of these NGOs. Total cost: $5 million. SDN 7/31/2013 n.a. n.a. 5.0 ◊ Cash Transfer Grant—Additional Financing mitigates the impact of the continued socio-economic crisis on a subset of extremely poor and most vulnerable households and supports the Palestinian Authority’s effort to continue reforms of the cash transfer program. Total cost: $14.5 million. HDN 9/23/2013 n.a. n.a. 10.0 ◊ Gaza Solid Waste Management Investment Project Financing Grant improves solid waste management services in the Gaza Strip through the provision of more efficient, environmental, and socially sound waste management systems. Total cost: $35.3 million. SDN 3/31/2014 n.a. n.a. 10.0 ◊ North Gaza Emergency Sewage Treatment Investment Project Financing Grant—Third Additional Financing mitigates the immediate gathering health and environmental safety threats to communities and provides a satisfactory long- term solution to the treatment of wastewater. Total cost: $10.6 million. SDN 4/14/2014 n.a. n.a. 3.0 ◊ Fourth Palestinian National Development Plan Development Policy Grant reduces the Palestinian Authority’s recurrent fiscal deficit, improves effectiveness and transparency of public finances, and improves the business climate. Total cost: $40 million. PREM 5/20/2014 n.a. n.a. 40.0 Total 129.5 2,787.6 Note: Numbers may not add to totals because of rounding. The total cost in the project summary text includes IBRD/IDA lending plus co- financing, as applicable, while the principal amount refers only to IBRD/IDA financing. Principal amounts show the totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation. The symbol ◊ denotes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal, and with intended civil society participation in the implementation, monitoring, and evaluation phases. n.a. = not applicable; c = IDA credit; g = IDA grant; gu = IDA guarantee; l = IBRD loan. For more detailed information, see www.worldbank.org/projects. a. FPD = Financial and Private Sector Development; HDN = Human Development Network; OPCS = Operations Policy and Country Services; PREM = Poverty Reduction and Economic Management; SDN = Sustainable Development Network. b. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a “basket” of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant. c. Financing provided by trust funds administered by the Bank. Summaries of Operations Approved during Fiscal 2014, South Asia First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ South Asia ◊ IDA Central Asia-South Asia Electricity Transmission and Trade Investment Project Financing Credit/Grant creates the conditions for sustainable electricity trade between the Central Asian countries of Tajikistan and the Kyrgyz Republic and the South Asian countries of Afghanistan and Pakistan. Total cost: 2019/2054 103.3 c 158.3 c $997 million. SDN 3/27/2014 n.a. 240.1 g 368.3 g Afghanistan ◊ IDA Promoting Economic Growth and Fiscal Sustainability Programmatic Development Policy Grant supports policy reforms in selected areas critical to strengthening revenue mobilization and improving the enabling environment for investment with sectors with high-growth potential. Total cost: $50 million. PREM 8/7/2013 n.a. 33.3 50.0 ◊ IDA Access to Finance Specific Investment Grant builds institutional capacity to improve access to credit by micro, small, and medium enterprises. Total cost: $50 million. FPD 11/26/2013 n.a. 32.6 50.0 IDA Financial Sector Rapid Response Investment Project Financing Grant—Additional Financing assists in developing action plans for improved banking supervision and establishing key building blocks of financial sector infrastructure including: payment systems, movable collateral registries, and public credit registries. Total cost: $6.7 million. FPD 11/26/2013 n.a. 4.4 6.7 Bangladesh ◊ IDA Higher Education Quality Enhancement Investment Project Financing Credit—Additional Financing improves the quality of the teaching and research environment through encouraging innovation and accountability within universities and by enhancing their technical and institutional capacity. Total cost: $146.3 million. HDN 12/3/2013 2024/2053 81.5 125.0 ◊ IDA Secondary Education Quality and Access Enhancement Specific Investment Credit—Additional Financing improves the quality of education and systematic monitoring of learning outcomes, and to increase access and equity in project upazilas (administrative sub-districts). Total cost: $280 million. HDN 12/3/2013 2024/2053 172.8 265.0 ◊ IDA Modern Food Storage Facilities Investment Project Financing Credit increases the grain reserve available to households to meet their post-disaster needs and improve the efficiency of grain storage management. Total cost: $240 million. SDN 12/30/2013 2024/2053 136.6 210.0 ◊ IDA Emergency 2007 Cyclone Recovery and Restoration Investment Project Financing Credit—Second Additional Financing supports efforts to facilitate restoration and recovery from the damage by Cyclone Sidr to livelihoods and infrastructure and to strengthen long-term disaster risk management. Total cost: $140 million. SDN 12/30/2013 2024/2053 91.1 140.0 ◊ IDA Municipal Governance and Services Specific Investment Credit improves municipal governance and basic urban services in participating urban local bodies, and improves government capacity to respond effectively to eligible emergencies. Total cost: $471.8 million. SDN 1/14/2014 2024/2053 266.6 410.0 ◊ IDA Rural Electricity Transmission and Distribution Investment Project Financing Credit reduces system losses and enhances capacity in the rural distribution network of primarily the eastern part of the country. Total cost: $837 million. SDN 2/27/2014 2024/2054 389.7 600.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA VAT Improvement Program-for-Results Credit improves revenue mobilization and transparency of the country's Value Added Tax administration. Total cost: $100 million. PREM 5/9/2014 2024/2054 38.8 60.0 ◊ IDA Second Rural Electrification and Renewable Energy Investment Project Financing Credit—Additional Financing increases access to clean energy in rural areas through renewable energy. Total cost: $151.6 million. SDN 6/19/2014 2024/2054 50.6 78.4 Bhutan ◊ IDA Second Urban Development Investment Project Financing Credit strengthens municipal finance and management systems, improves infrastructure services, and supports implementation of the urbanization policies under the country’s Eleventh Five-Year Plan. Total cost: $17.6 million. SDN 5/16/2014 2019/2039 11.3 17.4 India ◊ IDA Uttar Pradesh Water Sector Resturcturing (Second Phase) Specific Investment Credit strengthens the state’s institutional and policy framework for integrated water resources management and increases agricultural and water productivity by supporting farmers in targeted irrigation areas. Total cost: $515 million. SDN 8/28/2013 2019/2038 239.4 360.0 ◊ IDA Uttarakhand Disasater Recovery Investment Project Financing Credit restores housing and rural connectivity, bolsters the resilience of communities to eligible emergencies, and increases the technical capacity of state entities to respond effectively. Total cost: $250 million. SDN 10/25/2013 2019/2038 163.0 250.0 ◊ IBRD National Highways Interconnectivity Improvement Specific Investment Loan improves the national highway network’s connectivity to less-developed areas and low-income states and enhances the institutional capacity of the government to better manage the network. Total cost: $1,146.1 million. SDN 10/29/2013 2019/2031 n.a. 500.0 ◊ IDA Rajasthan Road Sector Modernization Specific Investment Credit improves rural connectivity, enhances road safety, and strengthens road sector management capacity of the state of Rajasthan. Total cost: $227 million. SDN 10/29/2013 2019/2038 105.6 160.0 ◊ IBRD Second Gujarat State Highway Specific Investment Loan improves capacity and enhances quality and safety of road services for the core state highway network, by strengthening institutions and developing efficient contracting and financing strategies. Total cost: $323 million. SDN 12/13/2013 2019/2031 n.a. 175.0 ◊ IDA Bihar Integrated Social Protection Strengthening Investment Project Financing Credit strengthens institutional capacity of state services to deliver social protection programs and services and expand outreach of social care services for poor and vulnerable persons and households. Total cost: $120 million. HDN 12/30/2013 2019/2038 54.7 84.0 ◊ IDA Rural Water Supply and Sanitation Investment Project Financing Credit improves piped water supply and sanitation services for rural communities through decentralized delivery systems and increases the capacity of states to respond effectively to an emergency. Total cost: $1,000 million. SDN 12/30/2013 2019/2038 325.1 500.0 ◊ IDA Odisha Disaster Recovery Investment Project Financing Credit restores and improves housing and public services in targeted communities of Odisha and increases the capacity of the state to respond effectively to eligible emergencies. Total cost: $218.6 million. SDN 2/20/2014 2019/2039 99.4 153.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ ◊ IDA Uttarakhand Rural Water Supply and Sanitation Investment Project Financing Credit—Additional Financing improves the effectiveness of rural water supply and sanitation services through decentralization and an increased role of local communities and restores services of damaged schemes in disaster affected areas. Total cost: $27.9 million. SDN 3/4/2014 2019/2039 15.6 24.0 ◊ IDA Maharashtra Rural Water Supply and Sanitation Program for Results Credit improves the performance of government institutions in planning, implementation, and monitoring rural water supply and sanitation program and improves access to quality and sustainable services in targeted areas. Total cost: $235 million. SDN 3/12/2014 2019/2039 107.2 165.0 ◊ IDA Second Uttarakahand Decentralized Watershed Development Investment Project Financing Credit increases the efficiency of natural resource use and productivity of rainfed agriculture by participating communities in selected microwatersheds. Total cost: $170 million. SDN 3/31/2014 2019/2039 78.8 121.2 ◊ IDA Accelerating Universal Access to Early and Effective Tuberculosis Care Investment Project Financing Credit supports the aims of the government’s National Strategic Plant for Tuberculosis Control to expand the provision and use of quality diagnosis and treatment services. Total cost: $532 million. HDN 4/8/2014 2019/2039 65.0 100.0 IDA National Cyclone Risk Mitiation Specific Investment Credit—Additional Financing reduces the vulnerability of coastal communities to cyclone and other hydro meteorological hazards. Total cost: $136 million. SDN 4/8/2014 2019/2039 67.3 104.0 ◊ IBRD Second Eastern Dedicated Freight Corridor (EDFC) Investment Project Financing Loan provides additional rail transport capacity, improved service quality, and higher freight throughput on the Kanpur-Mughal Sarai section of the EDFC and develops institutional capacity to build, maintain, and operate the entire dedicated freight corridor network. Total cost: $1,650 million. SDN 4/22/2014 2021/2035 n.a. 1,100.0 ◊ IBRD Technology Center Systems Specific Investment Loan enhances the productivity of micro, small, and medium enterprises by improving their access to technology and business advisory services, as well as skilled workers, through systems of financially sustainable technical centers. Total cost: $400 million. FPD 4/25/2014 2019/2032 n.a. 200.0 ◊ IDA Third Elementary Education Investment Project Financing Credit improves education outcomes of elementary school children. Total cost: $29,833.3 million. HDN 5/16/2014 2019/2039 651.0 1,006.2 ◊ IDA Second Mizoram State Roads Regional Transport Connectivity Investment Project Financing Credit increases transport connectivity along regional trade corridors in Mizoram. Total cost: $107 million. SDN 6/12/2014 2019/2039 69.2 107.0 Maldives ◊ IDA Accelerating Sustainable Private Investments in Renewable Energy Guarantee increases photovoltaic generation in the Maldieves through private sector investment. Total cost: $27.7 million. SDN 6/26/2014 n.a. n.a. 16.0 IDA Public Financial Management Systems Strengthening Specific Investment Grant enhances budget credibility, transparency, and financial reporting of central government finances. Total cost: $6.5 million. OPCS 6/26/2014 n.a. 4.3 6.5 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ Nepal ◊ IDA Strengthening the National Rural Transport Program Specific Investment Credit/Grant enhances the availability and reliability of transport connectivity for rural communities in 2024/2053 18.3 c 28.0 c participating districts. Total cost: $175.4 million. SDN 12/23/2013 n.a. 46.9 g 72.0 g ◊ IDA Irrigation and Water Resources Management Specific Investment Credit/Grant—Additional Financing improves irrigated agriculture productivity and management of selected irrigation schemes and enhances institutional capacity for 2024/2053 19.6 c 30.0 c integrated water resource management. Total cost: $58.1 million. SDN 12/23/2013 n.a. 13.1 g 20.0 g ◊ IDA Rural Water Supply and Sanitation Improvement Investment Project Financing Credit/Grant increases sustainable access to improve water services, promotes improved rural sanitation and hygiene practices, and implements a support mechanism to sustainable water supply schemes. 2024/2054 32.4 c 50.0 c Total cost: $90 million. SDN 5/29/2014 n.a. 14.3 g 22.0 g Pakistan ◊ IDA Punjab Public Management Reform Program for Results Credit improves transparency and resource management of targeted departments of the provincial government. Total cost: $70.2 million. PREM 11/14/2013 2019/2038 32.6 50.0 IDA First Power Sector Reform Development Policy Credit reduces subsidies and improves tariff policy, improves sector performance and opening the market to private participation, and ensures accountability and transparency in the energy sector. Total cost: $600 million. SDN 5/1/2014 2019/2039 387.8 600.0 IDA First Fiscally Sustainable and Inclusive Growth Development Policy Credit supports reforms to increase private and financial sector development and expand social protection and revenue mobilization. Total cost: $400 million. PREM 5/1/2014 2019/2039 258.5 400.0 ◊ IDA Dasu Hydropower Stage I Investment Project Financing Credit/Guarantee facilitates the expansion of hydropower electricity supply, improves access to socio- economic services for local communities, and builds capacity for the water and power development authority to prepare future 2019/2039 379.7 c 588.4 c hydropower projects. Total cost: $3,787.7 million. SDN 6/10/2014 n.a. n.a. 460.0 gu Sri Lanka ◊ IDA Climate Resilience Improvement Investment Project Financing Credit reduces the vulnerability of exposed people and assets to climate risk and improves the government’s capacity to respond effectively to disasters. Total cost: $110 million. SDN 4/22/2014 2019/2038 71.7 110.0 ◊ IBRD Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option enhances the capacity of the government to be more resilient to the impacts of natural disasters. Total cost: $102 million. SDN 4/22/2014 2017/2033 n.a. 102.0 ◊ IDA Strategic Cities Development Specific Investment Credit improves selected urban services and public urban spaces in the participating city regions of the country. Total cost: $192.1 million. SDN 5/5/2014 2019/2039 95.0 147.0 ◊ IDA Dam Safety and Water Resources Planning Investment Project Financing Credit—Additional Financing establishes long-term sustainable arrangements for the operation and maintenance of large dams, and improves water resources planning. Total cost: $83 million. SDN 5/5/2014 2019/2039 53.7 83.0 First/Last Principal amount Date of Maturity (millions) a b Country/project name Network approval Date SDR US$ IDA Skills Development Investment Project Financing Credit expands the supply of skilled and employable workers by increasing access to quality and labor market relevant training programs. Total cost: $650 million. HDN 6/20/2014 2019/2039 65.7 101.5 Total 5,187.6 10,534.8 Note: Numbers may not add to totals because of rounding. The total cost in the project summary text includes IBRD/IDA lending plus co- financing, as applicable, while the principal amount refers only to IBRD/IDA financing. Principal amounts show the totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation. The symbol ◊ denotes projects with actual involvement of civil society organizations in identification, preparation, and/or appraisal, and with intended civil society participation in the implementation, monitoring, and evaluation phases. n.a. = not applicable; c = IDA credit; g = IDA grant; gu = IDA guarantee; l = IBRD loan. For more detailed information, see www.worldbank.org/projects. a. FPD = Financial and Private Sector Development; HDN = Human Development Network; OPCS = Operations Policy and Country Services; PREM = Poverty Reduction and Economic Management; SDN = Sustainable Development Network. b. 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. Income by Region Population living below $1.25 and $2 a day | 1981–2010 73 Share of people living on less than $1.25 a day 74 The number of people living on less than $1.25 a day and between $1.25 and $2 a day 75 Gross Domestic Product per Capita Index, 2002–13 76 Population living below $1.25 and $2 a day | 1981–2010 percent Population living below $1.25 a day (2005 PPP) Developing-country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 East Asia and Pacific 77.2 65.0 54.1 56.2 50.7 35.9 35.5 27.6 17.1 14.3 12.5 China 84.0 69.4 54.0 60.2 53.7 36.4 35.6 28.4 16.3 13.1 11.6 Europe and Central Asia 1.9 1.6 1.5 1.9 3.4 4.0 3.8 2.3 1.3 0.5 0.7 Latin America and the Caribbean 11.9 13.6 12.0 12.2 11.4 11.1 11.9 11.9 8.7 6.5 5.5 Middle East and North Africa 9.6 8.0 7.1 5.8 4.8 4.8 5.0 4.2 3.5 2.7 2.4 South Asia 61.1 57.4 55.3 53.8 51.7 48.6 45.1 44.3 39.4 36.0 31.0 India 59.8 55.7 54.1 51.3 49.7 47.2 45.6 44.5 40.8 37.4 32.7 Sub-Saharan Africa 51.5 55.2 54.4 56.5 59.4 58.1 58.0 55.7 52.3 49.2 48.5 Region Total 52.2 47.1 42.3 43.1 41.0 34.9 34.1 30.8 25.1 22.7 20.6 excluding China 39.5 38.5 37.8 36.7 36.4 34.5 33.6 31.7 28.2 25.9 23.6 Population living below $2 a day (2005 PPP) Developing-country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 East Asia and Pacific 92.4 88.3 81.6 81.0 75.8 64.0 61.7 51.9 39.0 33.2 29.7 China 97.8 92.9 83.7 84.6 78.6 65.1 61.4 51.2 36.9 29.8 26.8 Europe and Central Asia 8.3 6.7 6.3 6.8 9.6 11.5 12.2 7.9 4.6 2.2 2.4 Latin America and the Caribbean 23.8 26.8 22.4 22.4 21.7 21.0 22.0 22.2 16.7 12.4 10.4 Middle East and North Africa 30.1 27.1 26.1 23.5 22.1 22.2 22.0 19.7 17.4 13.9 12.0 South Asia 87.2 85.6 84.5 83.6 82.7 80.7 77.8 77.4 73.4 70.9 66.7 India 86.6 84.9 84.1 82.6 81.9 80.2 78.9 77.9 75.0 72.4 68.7 Sub-Saharan Africa 72.2 74.7 74.3 76.0 78.1 77.5 77.5 76.1 74.1 70.8 69.9 Region Total 69.6 68.0 64.8 64.6 63.1 58.6 57.4 53.5 46.9 43.3 40.7 excluding China 58.5 58.4 57.6 57.2 57.6 56.5 56.2 54.5 50.5 47.9 45.3 Population living below $1.25 and $2 a day | 1981–2010 millions Population living below $1.25 a day (2005 PPP) Developing-country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 East Asia and Pacific 1,097 970 848 926 871 640 654 523 332 284 251 China 835 720 586 683 633 443 446 363 212 173 156 Europe and Central Asia 8 7 7 9 16 19 18 11 6 2 3 Latin America and the Caribbean 43 53 49 53 53 54 60 63 48 37 32 Middle East and North Africa 16 15 15 13 12 12 14 12 10 9 8 South Asia 568 574 593 617 632 631 619 640 598 571 507 India 429 427 443 448 462 463 473 484 466 445 400 Sub-Saharan Africa 205 239 257 290 330 349 377 390 395 399 414 Region Total 1,938 1,858 1,768 1,908 1,912 1,705 1,742 1,639 1,389 1,302 1,215 excluding China 1,103 1,138 1,182 1,225 1,280 1,262 1,295 1,276 1,177 1,129 1,059 Population living below $2 a day (2005 PPP) Developing-country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 East Asia and Pacific 1,313 1,316 1,279 1,334 1,301 1,140 1,136 984 758 659 598 China 972 963 907 961 926 792 770 655 482 395 359 Europe and Central Asia 36 30 29 31 45 54 58 37 22 10 11 Latin America and the Caribbean 87 104 92 98 100 102 111 118 92 71 61 Middle East and North Africa 52 51 54 53 53 57 60 57 53 44 40 South Asia 811 855 906 959 1,010 1,047 1,069 1,120 1,113 1,125 1,089 India 621 651 689 722 760 788 818 848 857 862 842 Sub-Saharan Africa 288 324 350 389 434 466 503 533 559 576 596 Region Total 2,585 2,680 2,710 2,864 2,943 2,866 2,937 2,849 2,596 2,485 2,395 excluding China 1,613 1,717 1,803 1,903 2,017 2,074 2,168 2,194 2,114 2,090 2,036 Source: PovcalNet, World Bank. Note: PPP = purchasing power parity. Data are current as of June 30, 2014. Visit http://data.worldbank.org for data updates. Share of people living on less than $1.25 a day (2005 PPP) percent 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 East Asia and Pacific 77.2 65.0 54.1 56.2 50.7 35.9 35.5 27.6 17.1 14.3 12.5 Europe and Central Asia 1.9 1.6 1.5 1.9 3.4 4.0 3.8 2.3 1.3 0.5 0.7 Latin America and the Caribbean 11.9 13.6 12.0 12.2 11.4 11.1 11.9 11.9 8.7 6.5 5.5 Middle East and North Africa 9.6 8.0 7.1 5.8 4.8 4.8 5.0 4.2 3.5 2.7 2.4 South Asia 61.1 57.4 55.3 53.8 51.7 48.6 45.1 44.3 39.4 36.0 31.0 Sub-Saharan Africa 51.5 55.2 54.4 56.5 59.4 58.1 58.0 55.7 52.3 49.2 48.5 Source: PovcalNet, World Bank Note: PPP = purchasing power parity. Data are current as of June 30, 2014. Visit http://data.worldbank.org for data updates. 80.0 East Asia and Pacific 60.0 Europe and Central Asia Latin America and the Caribbean 40.0 Middle East and North Africa South Asia 20.0 Sub-Saharan Africa 0.0 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 The number of people living on less than $1.25 a day and between $1.25 and $2 a day billions Region or country 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 People living on less than $1.25 a day, Sub-Saharan Africa 0.205 0.239 0.257 0.290 0.330 0.349 0.377 0.390 0.395 0.399 0.414 People living on less than $1.25 a day, South Asia 0.568 0.574 0.593 0.617 0.632 0.631 0.619 0.640 0.598 0.571 0.507 People living on less than $1.25 a day, East Asia and Pacific 1.097 0.970 0.848 0.926 0.871 0.640 0.654 0.523 0.332 0.284 0.251 People living on less than $1.25 a day, other developing regions 0.068 0.075 0.071 0.075 0.080 0.085 0.092 0.085 0.064 0.048 0.044 People living on more than $1.25 and less than $2 a day, all developing regions 0.648 0.822 0.942 0.955 1.031 1.162 1.196 1.210 1.206 1.183 1.180 Source: PovcalNet, World Bank Note: Data are current as of June 30, 2014. Visit http://data.worldbank.org for data updates. While the number of people living on less than $1.25 a day has fallen, the number living on between $1.25 and $2 a day has increased. People living in poverty (billions) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 People living on less than $1.25 a day, Sub-Saharan Africa People living on less than $1.25 a day, South Asia People living on less than $1.25 a day, East Asia and Pacific People living on less than $1.25 a day, other developing regions People living on more than $1.25 and less than $2 a day, all developing regions Gross Domestic Product per Capita Index, 2002–13 Africa East Asia and Pacific 250 250 220 200 200 150 150 129 100 100 100 100 50 50 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Europe and Central Asia Latin America and the Caribbean 250 250 200 200 146 150 150 130 100 100 100 100 50 50 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Middle East and North Africa South Asia 250 250 200 200 173 150 150 126 100 100 100 100 50 50 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: World Development Indicators database. Organizational Information Governors and Alternatives of the World Bank 78 Executive Directors and Alternates of the World Bank and Their Voting Power 83 Development Committee Communique (October 12, 2013) 86 Development Committee Communique (April 12, 2014) 89 Officers of the World Bank 92 Organization Chart of the World Bank (April 20, 2014) 93 Remuneration of Executive Management, Executive Directors, and Staff 94 Offices of the World Bank 97 International Development Association Membership 104 Country Eligibility for Borrowing from the World Bank 109 World Bank Expenditures by Program 112 Contribution: Top-10 Trust Fund Donors 113 Governors and Alternatives of the World Bank | June 30, 2014 Member country Governor Alternate Afghanistan Omar Zakhilwal Mohammad M. Mastoor Albania Shkelqim Cani Elisabeta Gjoni Algeria Mohamed Djellab Abdelhak Bedjaoui Angola Job Graca Valentina Matias de Sousa Filipe Antigua and Barbuda + Harold E. Lovell Whitfield Harris, Jr. Argentina Axel Kicillof Juan Carlos Fabrega Armenia Karen Chshmaritian Pavel Safaryan Australia Joe Hockey Steven Ciobo Austria Michael Spindelegger Edith Frauwallner Azerbaijan Elman Siradjogly Rustamov Shahin Mustafayev Bahamas, The Perry G. Christie John Rolle Bahrain + Ahmed Bin Mohammed Al-Khalifa Yusuf Abdulla Humood Bangladesh Abul Maal A. Muhith Mohammad Mejbahuddin Barbados Christopher P. Sinckler Grantley W. Smith Belarus + Petr Prokopovich Nikolai Snopkov Belgium Koen Geens Luc Coene Belize Dean O. Barrow Yvonne Sharman Hyde Benin Marcel A. de Souza Jonas A. Gbian Bhutan Namgay Dorji Lam Dorji Bolivia Elba Viviana Caro Hinojosa Luis Alberto Arce Catacora Bosnia and Herzegovina Vjekoslav Bevanda Zoran Tegeltija Botswana Ontefetse Kenneth Matambo Solomon M. Sekwakwa Brazil Guido Mantega Alexandre Antonio Tombini Brunei Darussalam + Sultan Haji Hassanal Bolkiah Abd Rahman Ibrahim Bulgaria + Petar Chobanov Dimitar Kostov Burkina Faso Lucien Marie Noel Bembamba Lassane Kabore Burundi Tabu Abdallah Manirakiza Leon Nimbona Cabo Verde Cristina Duarte Carlos Furtado Cambodia Pornmoniroth Aun Vissoth Vongsey Cameroon Emmanuel Nganou Djoumessi Dieudonne Evou Mekou Canada Joe Oliver Margaret Biggs Central African Republic Florence Limbio Christophe Bremaidou Chad Issa Ali Taher Mahamat Djibrine Souleymane Chile Alberto Arenas de Mesa Sergio Granados Aguilar China Jiwei Lou Yaobin Shi Colombia Mauricio Cardenas Santa Maria Tatiana Maria Orozco de La Cruz Comoros Mze Chei Oubeidi S. Soifiat Tadjiddine Alfeine Congo, Dem. Rep. Patrice Kitebi Kibol Mvul Jean-Claude Masangu Mulongo Congo, Rep. Gilbert Ondongo Leon Raphael Mokoko Costa Rica Helio Fallas Rodrigo Bolanos Zamora Côte d'Ivoire Daniel Kablan Duncan Jean Claude Brou Croatia Boris Lalovac (vacant) Cyprus Harris Georgiades Christos Patsalides Member country Governor Alternate Czech Republic Andrej Babis Martin Pros Denmark Mogens Jensen Martin Bille Hermann Djibouti Ilyas Moussa Dawaleh Amareh Ali Said Dominica Roosevelt Skerrit Rosamund Edwards Dominican Republic Juan Temistocles Montas Simon Lizardo Ecuador Fausto Eduardo Herrera Nicolalde Patricio Rivera Yanez Egypt, Arab Rep. Naglaa El Ehwany Mounir Fakhry Abdel Nour El Salvador Alexander Ernesto Segovia Carlos Enrique Caceres Equatorial Guinea Conrado Okenve Ndoho Eucario Bacale Angue Eritrea Berhane Habtermariam Martha Woldegiorghis Estonia Jurgen Ligi Marten Ross Ethiopia Sufian Ahmed Ahmed Shide Fiji Josaia Voreqe Bainimarama Filimone Waqabaca Finland Antti Rinne Heidi Hautala France Michel Sapin Ramon Fernandez Gabon Christophe Akagha-Mba Roger Owono Mba Gambia, The Kebba Satou Touray Abdoulie Jallow Georgia Nodar Khaduri George Kvirikashvili Germany Gerd Mueller Thomas Steffen Ghana Seth E. Terkper Kweku Ricketts-Hagan Greece Nikos Dendias Panagiotis Mitarachi Grenada Keith C. Mitchell Timothy Antoine Guatemala Maria Concepcion Castro Mazariegos Edgar Baltazar Barquin Duran Guinea Mohamed Diare Sekou Traore Guinea-Bissau Soares Sambu (vacant) Guyana Ashni Kumar Singh Clyde Roopchand Haiti Marie Carmelle Jean-Marie Charles Castel Honduras Wilfredo Rafael Cerrato Rodriguez Maria Elena Mondragon Ordonez Hungary Mihaly Varga Gabor Orban Iceland Gunnar Bragi Sveinsson Bjarni Benediktsson India Arun Jaitley Arvind Mayaram Indonesia Muhamad Chatib Basri Armida S. Alisjahbana Iran, Islamic Rep. Ali Taieb Nia Behrouz Alishiri Iraq Safaaldeen M. Al-Safi (vacant) Ireland Michael Noonan John Moran Israel Karnit Flug Yael Andorn Italy Ignazio Visco Carlo Monticelli Jamaica + Peter Phillips Devon Rowe Japan Taro Aso Haruhiko Kuroda Jordan Ibrahim Saif Saleh Al-Kharabsheh Kazakhstan Bakhyt Sultanov Madina Abylkassymova Kenya Henry Kiplagat Rotich Kamau Thugge Kiribati Tom Murdoch Elliot Ali Korea, Rep. Oh-Seok Hyun Juyeol Lee Member country Governor Alternate Kosovo Besim Beqaj (vacant) Kuwait Anas K. Al-Saleh Abdulwahab Ahmed Al-Bader Kyrgyz Republic Djoomart Otorbayev Olga Lavrova Lao PDR Liane Thykeo Sonexay Sitphaxay Latvia Andris Vilks Vjaceslavs Dombrovskis Lebanon Ali Hassan Khalil Alain Hakim Lesotho Moeketsi Majoro Lerotholi Pheko Liberia Amara M. Konneh (vacant) Libya Elkalani AbdulKarim Elkalani Alsalim (vacant) Lithuania Rimantas Sadzius Algimantas Rimkunas Luxembourg Pierre Gramegna Arsene Joseph Jacoby Macedonia, FYR Zoran Stavreski Vladimir Pesevski Madagascar Herilanto Raveloharison Vonintsalama Andriambololona Malawi Goodall E. Gondwe Newby Kumwembe Malaysia Mohd. Najib Abdul Razak Mohd. Irwan Serigar Abdullah Maldives Abdulla Jihad Ismail Ali Maniku Mali Bouare Fily Sissoko Moustapha Ben Barka Malta + Edward Scicluna Alfred S. Camilleri Marshall Islands Jack Ading Alfred Alfred, Jr. Mauritania Sidi Ould Tah Mohamed Lemine Ould Ahmed Mauritius Navinchandra Ramgoolam Dharam Dev Manraj Mexico Luis Videgaray Caso Fernando Aportela Rodriguez Micronesia, Fed. Sts. Kensley K. Ikosia Senny Phillip Moldova Anatol Arapu Elena Matveeva Mongolia Chultem Ulaan Naidansuren Zoljargal Montenegro Radoje Zugic Nikola Vukicevic Morocco Mohammed Boussaid Mohammed Louafa Mozambique Aiuba Cuereneia Ernesto Gouveia Gove Myanmar Win Shein Khin Saw Oo Namibia + Saara Kuugongelwa-Amadhila Ipumbu Shiimi Nepal Ram Sharan Mahat Yuba Raj Bhusal Netherlands Jeroen Dijsselbloem Lilianne Ploumen New Zealand Bill English Gabriel Makhlouf Nicaragua Ivan Acosta Montalvan Francisco J. Mayorga Niger Amadou Boubacar Cisse Gilles Baillet Nigeria Ngozi Okonjo-Iweala Anastasia Mabi Daniel-Nwaobia Norway Borge Brende Hans Brattskar Oman Darwish bin Ismail Al Balushi (vacant) Pakistan Mohammad Ishaq Dar Muhammad Saleem Sethi Palau Elbuchel Sadang Rhinehart Silas Panama Frank De Lima Dario A. Espinosa R. Papua New Guinea Patrick Pruaitch Dairi Vele Paraguay German Rojas Irigoyen Pedro Daniel Correa Ramirez Peru Luis Miguel Castilla Rubio Carlos Augusto Oliva Neyra Member country Governor Alternate Philippines Cesar V. Purisima Amando M. Tetangco, Jr. Poland Marek Belka Piotr Wiesiolek Portugal Maria Luis Albuquerque Manuel Rodrigues Qatar + Ali Sharieff Al Emadi Abdullah Bin Saoud Al-Thani Romania Liviu Voinea Cristian Popa Russian Federation Anton Siluanov Alexey Ulyukaev Rwanda Claver Gatete Kampeta Sayinzoga Samoa Tuilaepa Sailele Malielegaoi Iulai Lavea San Marino + Marco Arzilli Renato Clarizia São Tomé and Príncipe Helio Silva Almeida Ana Maria da Conceicao Silveira Saudi Arabia Ibrahim A. Al-Assaf Fahad A. Almubarak Senegal Amadou Ba Mouhamadou Makhtar Cisse Serbia Lazar Krstic Rasim Ljajic Seychelles + Pierre Laporte Caroline Abel Sierra Leone Kaifala Marah Edmund Koroma Singapore Tharman Shanmugaratnam Peter Ong Boon Kwee Slovak Republic Peter Kazimir Jan Toth Slovenia Uros Cufer Mitja Mavko Solomon Islands Rick Nelson Houenipwela Shadrach Fanega Somalia Hussein Halane Bashir Isse South Africa Nhlanhla Nene Lungisa Fuzile South Sudan Aggrey Tisa Sabuni Kornelio Koryom Spain Luis De Guindos Fernando Jimenez Latorre Sri Lanka Mahinda Rajapaksa P. B. Jayasundera St. Kitts and Nevis Denzil Douglas Hillary Hazel St. Lucia Kenny D. Anthony Reginald Darius St. Vincent and the Grenadines Ralph E. Gonsalves Laura Anthony-Browne Sudan Bader Eldin Mahmoud Abbas Abd Elrahman Mohamed Dirar Suriname + Gillmore Hoefdraad Andojo Rusland Swaziland Hlangusemphi Dlamini Khabonina Mabuza Sweden Anders Borg Hillevi Engstrom Switzerland Johann N. Schneider-Ammann Didier Burkhalter Syrian Arab Republic Khodr Orfaly Mohammad Hamandosh Tajikistan Abdusalom Qurbonov Negmatdzhon K. Buriev Tanzania Saada Mkuya Salum Servacius Beda Likwelile Thailand Kittiratt Na-Ranong Rungson Sriworasat Timor-Leste Emilia Pires Santina J.R.F. Viegas-Cardoso Togo Mawussi Djossou Semodji Aheba Johnson Tonga Aisake Valu Eke Tatafu Moeaki Trinidad and Tobago Larry Howai Bhoendradatt Tewarie Tunisia Hakim Ben Hammouda Noureddine Zekri Turkey Ibrahim H. Canakci Cavit Dagdas Turkmenistan + Dovletgeldi Sadykov Merdan Annadurdyyev Tuvalu Maatia Toafa Limasene Teatu Member country Governor Alternate Uganda Maria Kiwanuka Keith Muhakanizi Ukraine Vitaliy Yarema Pavlo Sheremeta United Arab Emirates Hamdan bin Rashid Al-Maktoum Obaid Humaid Al Tayer United Kingdom Justine Greening George Osborne United States Jacob J. Lew Catherine Novelli Uruguay + Mario Bergara Jorge Polgar Uzbekistan Galina Saidova Ravshan Gulyamov Vanuatu Maki Stanley Simelum Simeon Malachi Athy Venezuela, RB + Rodolfo Clemente Marco Torres Eudomar Rafael Tovar Vietnam Binh Van Nguyen Minh Hung Le Yemen, Rep. Mohammed Saeed Al-Sadi Mutahar Abdulaziz Al-Abbasi Zambia Alexander B. Chikwanda Fredson K. Yamba Zimbabwe Patrick Anthony Chinamasa Willard Lowenstern Manungo Source: Corporate Secretariat, June 30, 2014 + Not a member of IDA Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2014 IBRD IDA Executive Director Alternate Casting votes of Total % of Total % of votes total votes total Appointed (Vacant) Sara Margalit Aviel United States 306,792 15.05 2,546,503 10.75 Hideaki Suzuki Daiho Fujii Japan 166,047 8.14 2,044,447 8.63 Shixin Chen Bin Han China 107,197 5.26 495,213 2.09 (Vacant) Wilhelm Rissmann Germany 93,104 4.57 1,319,536 5.57 Gwen Hines Clare Roberts United Kingdom 82,895 4.07 1,409,037 5.95 Hervé de Villeroché Arnaud Delaunay France 82,895 4.07 908,581 3.83 Elected a Gino Alzetta Gulsum Austria, Belarus, Belgium, Czech 105,478 5.17 1,096,922 4.63 (Belgium) Yazganarikan Republic, Hungary, Kosovo, (Turkey) Luxembourg, Slovak Republic, Slovenia, Turkey Juan Jose Bravo (Vacant) Costa Rica, El Salvador, Guatemala, 90,205 4.42 550,758 2.32 (Mexico) Honduras, Mexico, Nicaragua, Spain, Venezuela (República Bolivariana a de) Frank Heemskerk Roman Zhukovskyi Armenia, Bosnia and Herzegovina, 85,637 4.20 1,194,571 5.04 a (Netherlands) (Ukraine) Bulgaria, Croatia, Cyprus, Georgia, Israel, Macedonia (former Yugoslav Republic of), Moldova, Montenegro, Netherlands, Romania, Ukraine a Alister Smith Janet Harris Antigua and Barbuda, The Bahamas, 81,635 4.00 1,036,431 4.37 (Canada) (St. Kitts and Nevis) Barbados, Belize, Canada, Dominica, a Grenada, Guyana, Ireland, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines Michael Willcock Bok-Hwan Yu Australia, Cambodia, Kiribati, Korea 81,061 3.98 920,983 3.89 (Australia) (Republic of Korea) (Republic of), Marshall Islands, Micronesia (Federated States of), Mongolia, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, Vanuatu Mukesh Prasad Mohammad Tareque Bangladesh, Bhutan, India, Sri Lanka 73,538 3.61 914,385 3.86 (India) (Bangladesh) Satu-Leena Santala Giedre Balcytyte Denmark, Estonia, Finland, Iceland, 69,135 3.39 1,257,142 5.31 (Finland) (Lithuania) Latvia, Lithuania, Norway, Sweden Roberto Tan Rogerio Studart Brazil, Colombia, Dominican Republic, 67,395 3.31 801,449 3.38 (Philippines) (Brazil) Ecuador, Haiti, Panama, Philippines, a Suriname, Trinidad and Tobago a Piero Cipollone Nuno Mota Pinto Albania, Greece, Italy, Malta, 65,333 3.20 779,870 3.29 a (Italy) (Portugal) Portugal, San Marino, Timor-Leste IBRD IDA Executive Director Alternate Casting votes of Total % of Total % of votes total votes total Omar Bougara Nasir Mahmood Afghanistan, Algeria, Ghana, Iran 64,847 3.18 631,024 2.66 (Algeria) Khosa (Islamic Republic of), Morocco, (Pakistan) Pakistan, Tunisia Jorg Frieden Wieslaw Szczuka Azerbaijan, Kazakhstan, Kyrgyz 61,713 3.03 1,055,120 4.45 (Switzerland) (Poland) Republic, Poland, Serbia, Switzerland, a Tajikistan, Turkmenistan, Uzbekistan a Sundaran Annamalai Boonchai Brunei Darussalam, Fiji, Indonesia, 58,004 2.85 708,992 2.99 (Malaysia) Charassangsomboon Lao People’s Democratic Republic, (Thailand) Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam a Merza H. Hasan Karim Wissa Bahrain, Egypt (Arab Republic of), 53,848 2.64 533,599 2.25 (Kuwait) (Arab Republic of Iraq, Jordan, Kuwait, Lebanon, Libya, a Egypt) Maldives, Oman, Qatar, Syrian Arab Republic, United Arab Emirates, Yemen (Republic of) (Vacant) Ibrahim Alturki Saudi Arabia 46,434 2.28 772,020 3.26 (Saudi Arabia) (Saudi Arabia) Vadim Grishin Eugene Miagkov Russian Federation 46,434 2.28 73,197 0.31 (Russian Federation) (Russian Federation) Cesar Guido Forcieri Ricardo Raineri Argentina, Bolivia, Chile, Paraguay, 42,990 2.11 348,598 1.47 a (Argentina) (Chile) Peru, Uruguay Agapito Mendes Dias Mohamed Sikieh Benin, Burkina Faso, Cabo Verde, 36,403 1.79 1,008,504 4.26 (São Tomé and Kayad Cameroon, Central African Republic, Príncipe) (Djibouti) Chad, Comoros, Congo (Democratic Republic of), Congo (Republic of), Côte d’Ivoire, Djibouti, Equatorial Guinea, Gabon, Guinea, Mali, Mauritania, Mauritius, Niger, São Tomé and Príncipe, Senegal, Togo Denny H. Kalyalya Louis Rene Peter Botswana, Burundi, Eritrea, Ethiopia, 36,293 1.78 1,062,147 4.48 (Zambia) Larose The Gambia, Kenya, Lesotho, Liberia, a (Seychelles) Malawi, Mozambique, Namibia, a Rwanda, Seychelles, Sierra Leone, South Sudan, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe Mansur Muhtar Ana Lourenco Angola, Nigeria, South Africa 33,439 1.64 225,692 0.95 (Nigeria) (Angola) In addition to the Executive Directors and Alternates shown in the foregoing list, the following also served after June 30, 2013: Executive Director End of period of service Alternate End of period of service Ingrid G. Hoven June 15, 2014 In-Kang Cho July 31, 2013 (Germany) (Korea, Republic of) Marie-Lucie Morin December 31, 2013 Stewart James August 23, 2013 (Canada) (United Kingdom) John Whitehead July 31, 2013 Jean-Paul Julia April 25, 2014 (New Zealand) (France) Shaolin Yang October 20, 2013 Muhammad Azeem-ul-Haq September 15, 2013 (China) Minhas (Pakistan) Stefan Nanu August 4, 2013 (Romania) Mehmet Sefa Pamuksuz July 20, 2013 (Turkey) Yasuo Takamura July 1, 2013 (Japan) Note: Guinea-Bissau (1,143 votes in IBRD and 44,500 votes in IDA), Madagascar (2,025 votes in IBRD and 54,982 votes in IDA), and Somalia (1,155 votes in IBRD and 10,506 votes in IDA) did not participate in the 2012 Regular Election of Executive Directors. a. Member of IBRD only. 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) 522-1618 Washington, DC October 12, 2013 1. The Development Committee met today, October 12, 2013, in Washington DC. 2. Latest signs of recovery among developed economies, encouraging as they are, remain uneven, and the growth of some emerging economies is slowing. Addressing increased volatility and achieving strong, balanced, and sustainable global growth, will continue to require appropriate policy responses and reforms in countries of all income levels. The World Bank Group (WBG) and the International Monetary Fund (IMF) must remain vigilant to the emergence of new sources of volatility and downside risks. We welcome the intensified focus of the IMF on growth and job creation, as well as on the analysis of risks and vulnerabilities and the assessment of the global impact of policy changes in systemically important countries. Safeguarding and further building on the openness and fairness of the international trading system remains vital to global growth and in this context we look forward to progress at the World Trade Organization’s upcoming Bali Ministerial Conference. 3. Tremendous progress over the last two decades has reshaped the development landscape. It has created new opportunities to help reduce poverty and promote shared prosperity, but it has also introduced new risks to sustaining progress. Although the global poverty rate has fallen by half since 1990, progress within the developing world has been highly uneven. Roughly half of the low income countries are classified as Fragile and Conflict-Affected Situations (FCS), which pose particular challenges and are home to a growing share of the world’s extreme poor. 4. In many developing countries, growth has been accompanied by rising inequality. Transitioning to middle-income status does not signal the end of poverty, as the majority of the world’s poor still live in middle income countries. A lack of sustained progress in building shared prosperity may eventually obstruct growth by causing instability, distorting incentives and reducing upward mobility. Job creation, especially for youth and women, and private sector development are key for inclusive growth. 5. The two ambitious goals for the WBG, to end extreme poverty by 2030 and promote shared prosperity in an environmentally, socially and economically sustainable manner, endorsed at our last meeting, offer an important contribution to the post 2015-agenda. In order to achieve the goals, we strongly endorse the new WBG Strategy. We welcome the repositioning of the institution as “One World Bank Group” that works with the public and private sectors in partnership, contributes to the global development agenda through dialogue and action, supports clients in delivering customized development solutions, and helps advance knowledge about what works in development. 6. The WBG has an important role to play in delivering global development results, supporting countries with their specific development challenges, and helping them eradicate poverty and build resilience to future financial, economic, social, and environmental challenges. We stress the need for a continued strong client orientation that recognizes the diversity and development needs of countries. Special attention must be paid to countries and regions with the highest incidence of poverty, to FCS, as well as to the unique challenges facing small states. We also reaffirm the crucial role of the WBG in helping the international community address major global challenges, including climate change. To achieve maximum impact, the WBG needs to be selective in its efforts, while collaborating with partner organizations and the private sector at both national and global levels, and facilitating south-south cooperation and regional integration in pursuit of its goals. 7. Success of the Strategy requires effective, timely, and well-managed implementation, including clear sequencing of reforms and specific metrics for major changes, as well as regular communication with WBG stakeholders. An evidence-based, country engagement model; supportive reforms to the WBG’s internal organization, systems, processes and procedures; human resources and leadership management in promoting and modeling the needed culture change will be crucial. We call on the WBG to continue delivering on its mandate during the transition period and to refine its monitoring and evaluation framework to measure progress and assess performance, adjust actions and show results to better satisfy clients’ needs. An updated Corporate Scorecard reflecting the new Strategy should be in place by our next Spring Meetings. 8. A robust IDA 17 replenishment, with strong participation from all members, is fundamental for delivering on the WBG Strategy. Needs and demands among IDA countries remain high, and we must seek replenishment with the scale, quality and policy content that will allow IDA to achieve substantial results. 9. We welcome measures to utilize existing resources better and strengthen the WBG’s financial capacity to align it with the ambition of its strategy. We call on the WBG to pursue a finance work program that envisages lifting the growth trend of revenues, resetting expenditures to a leaner cost base by improving organizational and operational efficiencies, and better mobilizing internal and external resources to enhance the WBG’s capacity to deliver more development assistance while paying due attention to risk. We welcome the WBG work on innovative approaches to mobilize and catalyze additional long term financing for infrastructure, which is critical for growth, prosperity and poverty reduction in emerging and low income countries. 10. We emphasize the importance of further mainstreaming and strengthening WBG support for gender equality through better analysis, targeted actions, and more robust monitoring and evaluation. Gender equality is important, both in its own right and also as a means of pursuing the overarching goals for poverty reduction and shared prosperity. We welcome continuing work on updating and renewing the WBG’s strategy for promoting gender equality and look forward to a progress report in a year. 11. We commend the WBG and its staff for their initiatives in fragile situations like the Great Lakes and the Sahel Region and for their work with refugees in the Middle East. We also welcome the WBG’s strengthened support to Myanmar after its reengagement. We call on the WBG to deepen further its commitment in the Sahel 2 and the Horn of Africa through initiatives that, in coordination with the UN system, address vulnerability and resilience, and promote economic opportunity and integration. We welcome renewed WBG support to transformative regional projects, including for sustainable and affordable energy solutions. We urge the WBG and IMF to scale up their efforts in the Middle East and North Africa region, including support for sound economic reform, job creation, capacity-building programs, and the basic human needs of conflict affected people as well as mitigation of the impact on neighboring countries. 12. The next meeting of the Development Committee is scheduled for April 12, 2014, in Washington DC. 3 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) 522-1618 Washington, DC April 12, 2014 1. The Development Committee met today, April 12, 2014, in Washington DC. 2. Economic recovery in high-income countries shows signs of strengthening and growth continues in many emerging market economies. However risks remain. Fostering strong, inclusive and sustainable growth in today’s interconnected global economy will require policy adjustments and appropriate coordination and communication. We encourage the World Bank Group (WBG) and the International Monetary Fund (IMF) to work jointly and with all member countries in pursuing sound and responsive economic policies; addressing underlying macroeconomic vulnerabilities; rebuilding macroeconomic buffers; and strengthening prudential management of the financial system. 3. The ability of the WBG to assist countries in achieving the goals of ending extreme poverty and promoting shared prosperity in a sustainable manner, and to support member countries in addressing their development needs, should be enhanced by the implementation of the WBG Strategy that we endorsed at our last meeting. We welcome the progress made in implementing the change agenda, and call on the WBG to work effectively to complete the reforms. The WBG should build on its country engagement model as a platform for selectivity based on client demand and the new corporate goals, to deliver better, faster and evidence based solutions that result in transformative outcomes for the benefit of low and middle income countries alike. We expect the new WBG structure should lead to better global knowledge sharing to benefit all client countries, and to strengthening its role in support of south- south and regional cooperation. We welcome the WBG scorecard and look forward to regular updates on the implementation of the WBG strategy. 4. Strengthening the foundations for strong, inclusive and sustainable growth calls for macroeconomic stability, good governance, promoting public investment, improving the enabling environment for private investment, boosting quality investment in resilient infrastructure and improving access to finance. Social inclusion and policies that broaden income opportunities and the full participation of all groups, including women and the marginalized and vulnerable, are essential. Raising skills, productivity, and innovation capabilities are also key elements. An open business climate that fosters competition, more inclusive human capital development and well-targeted social protection programs are good both for growth and for shared prosperity. Private investment flows complement development finance and are a vital factor in achieving our goals. In this context, we emphasize the importance of the roles of the International Finance Corporation and the Multilateral Investment Guarantee Agency, working as part of one WBG, in catalyzing private financial flows and promoting the development of a dynamic private sector that can help support sustainable growth, shared prosperity and real opportunities for all citizens in all client countries. Environmental considerations need to be integrated into policymaking: climate-smart policies are necessary for environmental sustainability and resilience, and could also generate side benefits for growth and jobs. 5. The level of ambition of the WBG Strategy demands better utilization of existing resources as well as strengthening the WBG’s financial capacity. We are encouraged by and we welcome the conclusion of a successful IDA 17 replenishment, which included strong support from traditional and new donors, and innovative financing mechanisms. The record US$52 billion approved by shareholders puts IDA in a strong position to maximize impact in supporting our poorest and most vulnerable member countries, including many fragile and conflict-affected situations (FCS) as well as small states, which face particular development challenges. We welcome IDA 17’s commitment to maximize development impact with its special focus on inclusive growth; gender equality; climate change, including disaster risk management (DRM); and FCS. We are also encouraged that the subsidy resources needed to ensure the sustainability of subsidized IMF lending to low income economies have been largely secured. We value the IMF’s work on how countries can use fiscal policy to address inequality in an efficient manner. 6. The measures taken to grow revenues, reduce costs, and make more efficient use of capital within a prudent risk framework will increase the WBG’s financial capacity to serve its clients, both by supporting them with their specific development objectives and by providing countercyclical support in times of crisis. We look forward to continued progress in achieving a leaner cost base via improved organizational and operational efficiencies, as well as ongoing efforts to develop innovative approaches and mechanisms to mobilize additional financing. We encourage increasing the level and quality of investment in infrastructure, which is critical for growth, job creation, prosperity and poverty reduction in countries of all income levels. We call on the WBG to remain actively engaged with middle income countries to help them address their development needs. We also encourage the WBG to explore extending IBRD loans to well performing IDA-only countries while ensuring their debt sustainability. 7. We urge the WBG and the IMF to continue to strengthen their engagement with Sub-Saharan Africa and ensure that their financial, analytical, and capacity-building support is geared toward fostering country-driven structural transformation, reducing extreme poverty, boosting job creation, and making economic growth more inclusive and resilient. We especially welcome the WBG’s stepped up engagement in addressing the regional drivers of fragility and conflict, most recently through the Sahel Initiative and continued implementation of the Great Lakes Initiative. The WBG should learn from these initiatives and apply lessons to the Horn of Africa, Central Africa and the Gulf of Guinea. We also commend the role of the WBG in helping to close the infrastructure gap of Sub-Saharan Africa, by attracting new investments and financing sustainable energy supply and distribution. We call on the WBG to assist clients to further develop nutrition-sensitive agriculture production, including through support to smallholders and cooperatives, and to broaden support for sustainable agriculture. We are encouraged that the IMF has now completed its program of establishing five technical assistance centers to meet needs across the entire region. We welcome the forthcoming IMF high-level conference in Mozambique that will bring together economic policy makers from Africa and beyond to discuss some of the key challenges facing the continent. We call for enhanced focus and attention to the Middle East and North Africa region, and emphasize the importance of WBG support to Arab countries in transition. 2 8. We remain deeply concerned about the continuously deteriorating humanitarian situation in the Central African Republic, South Sudan and Syria. We commend the generosity of governments and families in neighboring countries who are hosting those displaced at significant economic and social cost. The WBG’s work in FCS is fundamental to delivering on its goal to end extreme poverty, and active IMF engagement in FCS is key to achieving macroeconomic stability under what are often very difficult circumstances. We urge the WBG and the IMF to remain closely engaged in these as well as other FCS and countries in transition, in coordination with other development partners. We welcome the continuous support of the WBG and IMF to Ukraine given the challenges the country is facing. 9. We encourage the WBG to maintain strong collaboration with the UN system in the definition of the Post-2015 Millennium Development Goals. 10. We welcome the WTO Bali Ministerial Declaration on Trade Facilitation. We believe the agreement will increase competitiveness for developing countries by improving border management and reducing transaction costs and we call on the WBG to support countries in its implementation. 11. We are encouraged by progress made by the WBG in mainstreaming DRM in its operations and recognize the need to further intensify these efforts in country partnership frameworks. We recognize the challenges faced by small states vulnerable to the effects of climate change and natural disasters. We would welcome a further update on progress two years from now. 12. We remain committed to completing the implementation of the 2010 WBG shareholding realignment. We urge all members who are yet to subscribe to their allocated IBRD and IFC shares to do so without delay, and look forward to the next review of Voice by 2015. 13. We thank Jorge Familiar for his excellent services to the Development Committee over the past four years and wish him well in his future role as the World Bank’s Vice President for Latin America and the Caribbean. The next meeting of the Development Committee will be held on October 11, 2014, in Washington, DC. 3 Officers of the World Bank | June 30, 2014 Name Title Jim Yong Kim President Sri Mulyani Indrawati Managing Director and Chief Operating Officer Bertrand Badré Managing Director and World Bank Group Chief Financial Officer Mahmoud Mohieldin Corporate Secretary and President's Special Envoy Kaushik Basu Chief Economist and Senior Vice President Anne-Marie Leroy Senior Vice President and World Bank Group General Counsel Rachel Kyte World Bank Group Vice President and Special Envoy, Climate Change Sean McGrath Vice President, World Bank Group Human Resources Sanjay Pradhan Vice President, Change, Knowledge, and Learning Cyril Muller Vice President, World Bank Group External and Corporate Relations Keith Hansen Vice President, Global Practices and Cross-Cutting Solutions Nena Stoiljkovic Vice President, Global Practices and Cross-Cutting Solutions Pedro Alba Vice President, Budget, Performance Review, and Strategic Planning Zoubida Allaoua Acting Vice President and Network Head, Sustainable Development Joachim von Amsberg Vice President, Concessional Finance and Global Partnerships Inger Andersen Vice President, Middle East and North Africa Madelyn Antoncic Vice President and Treasurer Makhtar Diop Vice President, Africa Jorge Familiar Calderon Vice President, Latin America and the Caribbean Stephanie von Friedeburg Vice President and World Bank Group Chief Information Officer, World Bank Group Information and Technology Solutions Caroline Heider Director-General, Independent Evaluation Group Philippe Le Houérou Vice President, South Asia Elizabeth King Acting Vice President and Network Head, Human Development Bernard Lauwers Vice President and World Bank Group Controller Leonard McCarthy Vice President, Institutional Integrity Mouhamadou Diagne Acting Vice President and Auditor-General Kyle Peters Vice President, Operations Policy and Country Services Van Pulley Senior Director, General Services Ana Revenga Acting Vice President and Network Head, Poverty Reduction and Economic Management Lakshmi Shyam-Sunder Vice President and World Bank Group Chief Risk Officer Klaus Tilmes Acting Vice President and Network Head, Financial and Private Sector Development Axel van Trotsenburg Vice President, East Asia and Pacific Laura Tuck Vice President, Europe and Central Asia Eimi Watanabe Chairperson, Inspection Panel Xian Zhu Vice President and World Bank Group Chief Ethics Officer Board of Governors Organization Chart of the World Bank Effective April 30, 2014 Caroline Heider Eimi Watanabe Director-General Executive Directors Chairperson Independent Evaluation Inspection Panel Leonard McCarthy Anne-Marie Leroy Vice President Sr. Vice President & Institutional Integrity WBG General Counsel Mouhamadou Diagne Kaushik Basu Acting Vice President & Jim Yong Kim Sr. Vice President & Auditor-General President Chief Economist Internal Audit Xian Zhu Vice President & WBG Chief Ethics Officer Sanjay Pradhan Cyril Muller Rachel Kyte Sean McGrath Bertrand Badre Sri Mulyani Indrawati Vice President Mahmoud Mohieldin Vice President Group Vice President & Vice President Managing Director & Managing Director & Corporate Secretary Special Envoy WBG Chief Chief Operating Officer Change, Knowledge & & Special Envoy WBG External & WBG Human Resources Financial Officer Learning Corporate Relations Climate Change Joachim von Amsberg Bernard Lauwers Makhtar Diop Laura Tuck Inger Andersen Keith Hansen Vice President Vice President & Vice President Vice President Vice President Vice President WBG Controller Concessional Finance & Africa Europe and Central Asia Middle East and North Africa Global Practices Global Partnerships Controller’s Pedro Alba Lakshmi Shyam-Sunder Axel van Trotsenburg Jorge Familiar Calderon Philippe Le Houerou Nena Stoiljkovic Vice President Vice President & Vice President Vice President Vice President Vice President WBG Chief Risk Officer Budget, Performance Review East Asia and Pacific Latin America and Caribbean South Asia Global Practices & Strategic Planning Klaus Tilmes ** Kyle Peters Zoubida Allaoua Stephanie von Friedeburg Acting Vice President & Vice President Van Pulley Acting Vice President & Vice President & Network Head Senior Director Network Head WBG CIO Operations Policy and WBG Information and Financial and Private Country Services General Services Sustainable Development Technology Solutions Sector Development Ana Revenga* Madelyn Antoncic Elizabeth King Vice President & Acting Vice President & Acting Vice President & Treasurer Network Head *Dotted line to Sr. Vice President & Chief Economist Network Head ** Reports to IFC Executive Vice President on IFC Business Poverty Reduction and Treasury Human Development Economic Management Annual Remuneration Disclosure Notice Background Effective as of FY07, the Bank Group decided to disclose the remuneration of Executive Management, Executive Directors, and staff in the annual report. The report contains the actual net salaries, annual Bank Group contribution to the pension plan, and Bank Group contribution to benefits for the President, Executive Directors, Alternate Executive Directors, and staff at Managing Director–level GK. The annual Financial Disclosure report format was developed by a team composed of members from EXC, EBC, HRSCM, and LEGIA. The report does not follow the exact Executive Compensation Disclosure requirements in SEC Regulations S-K, but is designed to provide a reasonable voluntary disclosure of 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 FY14 the following assumptions were used to determine the annual Bank Group contribution to the pension plan and other benefits: Executive Management Remuneration 1. Annual Net Salary: This shows the actual annual net salary paid during the period July 1 through June 30 of the fiscal year. 2. Annual Bank Contribution to the Pension Plan: This displays the Bank contribution to the pension plan calculated as a percentage of salaries, as approved by the Pension Finance Committee. For FY14 the overall Staff Retirement Plan (SRP) contribution rate is 34.59 percent as provided by Pension Administration. The Bank Group pension contribution increased from 31.27 percent in FY13 to 34.59 percent in FY14. 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 48.44 percent for gross plan and 31.26 percent for net plan as estimated by the Bank’s Principal Actuary. 4. Thus, for Executive Management in the gross plan (Jin-Yong Cai, Pamela Cox, and Caroline Anstey) the FY14 pension contribution is estimated at 48.44 percent. For the rest of management, who are in the Net Plan, the pension contribution is estimated at 31.26 percent. The Annual Bank Contribution to Other Benefits: This is an estimate of the Bank contribution to benefits (excluding pension, tax allowances of 12.1 percent, and separation grant of 3.3 percent for those not eligible to separation grant). The historical average benefits percentage is 38 percent. Next Steps The enclosed annual disclosure report will be published as part of the Bank Annual Report and posted on the accompanying website. 1 The PFC 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 Bank 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 (WBG) 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 WBG'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 2.0 percent for fiscal year 2014, effective July 1, 2013, for Washington-based staff. The annual salaries (net of taxes) of executive management of the WBG were as follows for the period July 1, 2013 through June 30, 2014: Executive Management: Annual Salaries (Net of Taxes, in US$) Annual WBG Annual WBG Annual net contribution to contribution to Name and position salarya pension planb other benefitsc Jim Yong Kim, Presidentd 482,080 150,698 253,572 Sri Mulyani Indrawati, Managing Director 384,300 120,132 86,852 i Jin-Yong Cai, Executive Vice President, IFC 382,643 185,352 86,477 Bertrand Badre, Managing Director, Finance and CFO e 379,000 118,475 180,404 Anne-Marie Leroy, Senior VP and World Bank Group General Counsel 370,320 115,762 83,692 Kaushik Basu, Sr Vice President & Chief Economist 368,859 115,305 83,362 Mahmoud Mohieldin, Corporate Secretary and President's Special Envoy 368,200 115,099 83,213 Keiko Honda, Executive Vice President, MIGA 366,300 114,505 82,784 i Pamela Cox, Senior Vice President f 352,630 170,814 133,999 Caroline Anstey, Managing Director g 339,550 164,478i 87,943 Caroline Heider, Director General 331,350 103,580 74,885 Executive Directorsh 247,280 n.a. n.a. Alternate Executive Directors h 213,910 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 & deferred compensation plans from July 1, 2013 through June 30, 2014. c. Other benefits include annual leave, medical, life & disability insurance, accrued termination benefits, and other nonsalary compensation. d. Dr. Kim receives, as part of WBG contribution to other benefits, a supplemental allowance of $86,290 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 Bank salary and benefits. In addition to his pension, Dr. Kim receives a supplemental retirement benefit equal to 5 percent of his annual salary. e. Mr. Bertrand Badre receives a scarce skills premium of $94,750 annually. The scarce skills premium was effective January 1, 2014 and for the period January 1, 2014 to June 30, 2014 the actual premium was $47,375. f. Ms. Pamela Cox retired effective November 1, 2013 and her actual salary for the period July 1, 2013 to October 31, 2013 was $117,543. The WBG contributed approximately $56,938 to her pension and $44,666 to other benefits during the period she worked for the WBG. g. Ms. Caroline Anstey retired effective November 1, 2013 and her actual salary for the period July 1, 2013 to October 31, 2013 was $113,183. The WBG contributed approximately $54,826 to her pension and $29,314 to other benefits over the fiscal year. h. These figures do not apply to the U.S. Executive Director and Alternate Executive Director, who are subject to U.S. congressional salary caps. i. Pension benefits for these staff members are based on Staff Retirement Plan (SRP) provisions in effect prior to April 15, 1998. During the period July 1, 2013 to June 30, 2014, the salary structure (net of tax) and average net salaries/benefits for World Bank Group staff was as follows: Staff Salary Structure (Washington, DC) Market Staff at Average Average Minimum reference Maximum grade level salary/grade benefita Grades Representative job titles ($) ($) ($) (%) ($) ($) GA Office Assistant 25,600 33,300 43,200 0.03 41,678 25,211 GB Team Assistant, Information 32,300 42,000 58,900 0.7 43,379 26,240 Technician GC Program Assistant, Information 39,900 51,900 72,700 8.8 54,889 33,202 Assistant GD Senior Program Assistant, 47,100 61,300 85,900 7.2 68,072 41,177 Information Specialist, Budget Assistant GE Analyst 63,300 82,300 115,300 9.1 78,653 47,577 GF Professional 84,200 109,400 153,200 20.3 101,806 61,583 GG Senior Professional 113,500 147,600 206,600 32.2 139,957 84,660 GH Manager, Lead Professional 154,700 201,100 260,000 18.6 193,786 117,221 GI Director, Senior Advisor 206,200 269,800 309,400 2.6 255,823 154,748 GJ Vice President 280,000 313,700 351,300 0.4 317,025 191,768 GK Managing Director, Executive Vice 307,600 348,800 383,600 0.1 364,315 230,712 President 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 nonsalary benefits. Offices of the World Bank Washington, DC Rome Armenia 1818 H Street NW The World Bank Ms. Laura Bailey Washington, DC 20433, U.S.A. Via Labicana 110 The World Bank Group Tel: (202) 473-1000 00184 Rome, Italy 9 Grigor Lousavorich Street, 6th floor Fax: (202) 477-6391 Tel: (39-06) 77 71 02 04 Yerevan 0015, Armenia E-mail: Feedback@worldbank.org Fax: (39-06) 70 96 046 Tel: (374-10) 520 992 Web: http://www.worldbank.org Web: http://www.worldbank.org/europe Fax: (374-10) 521 787 E-mail: lbailey@worldbank.org New York Tokyo Web: http://www.worldbank.org/am Ms. Dominique Bichara Mr. Yasusuke Tsukagoshi The World Bank Group The World Bank Group, Office of the * Australia 1 Dag Hammarskjold Plaza Special Representative, Japan Mr. Franz R. Drees-Gross 885 2nd Avenue, 26th Floor 10th Floor, Fukoku Seimei Building The World Bank Group New York, N.Y. 10017, U.S.A. 2-2-2 Uchisaiwai-cho, Chiyoda-ku, Level 19, 14 Martin Place Tel: (212) 317-4720 Tokyo 100-0011 Japan CML Building Fax: (212) 317-4733 Tel: (81-3) 3597-6650 Sydney NSW 2000, Australia E-mail: dbichara@worldbankgroup.org Fax: (81-3) 3597-6695 Tel: (61-2) 9235-6514 E-mail:ytsukagoshi@worldbankgroup.org Fax: (61-2) 9235-6593 * Europe Web: http://www.worldbank.org/japan/jp E-mail: Fdrees@worldbank.org Mr. Stefan Emblad Web: http://www.worldbank.org/eap Special Representative and Director, EXT * Afghanistan The World Bank Group Mr. Robert J. Saum Austria 66 avenue d’Iéna The World Bank Group Ms. Ellen A. Goldstein 75116 Paris, France Street No. 15, House No. 19 The World Bank Group Tel: (33-1) 40 69 30 57 Wazir Akbar Khan Centre for Financial Reporting Reform Fax: (33-1) 40 69 30 64 Kabul, Afghanistan Europe and Central Asia Region E-mail: semblad@worldbankgroup.org Tel: (93-700) 276-002 Praterstrasse 31 - 19th Floor Web: http://www.worldbank.org/europe E-mail: rsaum@worldbank.org A-1020 Vienna, Austria Web: http://www.worldbank.org/af Tel: (43-1) 217- 0700 Berlin Fax: (43-1) 217-0701 Mr. Rainer Venghaus Albania E-mail: egoldstein@worldbank.org The World Bank Ms. Tahseen Sayed Khan Web: http://www.worldbank.org/cfrr Reichpietschufer 20 The World Bank Group 10785 Berlin, Germany Ibrahim Rugova Street, Villa No. 34 Azerbaijan Tel: (49-30) 7261 4254 Tirana, Albania Ms. Larisa Leshchenko Fax: (49-30) 7261 4255 Tel: (355-4) 2280 650/51 The World Bank Group E-mail: rvenghaus@worldbankgroup.org Fax: (355-4) 2240 590 90A Nizami Street Web: http://www.worldbank.org/eu E-mail: TSayed@worldbank.org The Landmark III, 5th Floor Web: http://www.worldbank.org.al Baku, AZ1010, Azerbaijan Brussels Tel.: (994-12) 492 1941 Mr. Massimiliano Paolucci Algeria Fax: (994-12) 492 6873 Special Representative to the Mr. Emmanuel Noubissie Ngankam E-mail: Lleshchenko@worldbank.org European Union Institutions The World Bank Group Web: http://www.worldbank.org.az The World Bank Group 07, Chemin Macklay Avenue Marnix 17 Ben Aknoun * Bangladesh 1000 Brussels, Belgium Algiers, Algeria 16306 Mr. Johannes C.M. Zutt Tel: (32-2) 552 00 52 Tel: (213-21) 94.54.81 - 84 The World Bank Fax: (32-2) 552 00 25 Fax: (213-21) 94.54.93 Plot E-32, Agargaon E-mail: mpaolucci@worldbankgroup.org E-mail: enoubissie@worldbank.org Sher-e-Bangla Nagar Web: http://www.worldbank.org/eu Web: http://www.worldbank.org/dz Dhaka 1207, Bangladesh (Postal address: G.P.O. Box 97) Geneva Angola Tel: (880-2) 815-9001 Ms. Selina Elizabeth Jackson Banco Mundial Fax: (880-2) 815-9029 Special Representative to WTO and UN Largo Albano Machado E-mail: jzutt@worldbank.org The World Bank N° 23/25, Maculusso Web: http://www.worldbank.org.bd 3 chemin Louis-Dunant Luanda, Republica de Angola Post Office Box 66 (Postal address: Caixa Postal 1331) Belarus 1211 Geneva 20, Switzerland Tel: (244-222) 394-677 Mr. Young Chul Kim Tel: (41-22) 748 1000 Fax: (244-222) 394-784 The World Bank Fax: (41-22) 748 1030 Web: http://www.worldbank.org/ao 2A Gertsen Street, 2nd Floor E-mail: sjackson2@worldbankgroup.org Minsk, 220030, Republic of Belarus * Argentina Tel: (375-17) 226-5284 London Mr. Jesko S. Hentschel Fax: (375-17) 211-0314 Mr. Andrew J. Felton The World Bank Group E-mail: Ykim2@worldbank.org The World Bank Group Bouchard 547, 28 & 29 Floors Web: http://www.worldbank.org.by 12th Floor, Millbank Tower C1106ABG Buenos Aires, Argentina 21-24, Millbank Tel: (54-11) 4316-9700 / 4316-0600 * Belgium London SW1P 4QP, England Fax: (54-11) 4313-1233 Ms. Mamta Murthi Tel: (44-20) 7592 8400 E-mail: Jhentschel@worldbank.org Europe and Central Asia Unit Fax: (44-20) 7592 8420 Web: http://bancomundial.org.ar The World Bank Group E-mail: afelton@worldbankgroup.org Avenue Marnix 17 Web: http://www.worldbank.org/europe 1000 Brussels, Belgium Tel: (32-2) 504 09 94 Fax: (32-2) 504 09 99 E-mail: mmurthi@worldbank.org Web: http://www.worldbank.org/eca _________________________________________ 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 8, 2014. Offices of the World Bank Belgium * Brazil Central African Republic Mr. Massimiliano Paolucci Ms. Deborah L. Wetzel Mr. Midou Ibrahima Special Representative to the European Banco Mundial The World Bank Group Union Institutions Setor Comercial Norte Quadra 02 Rue des Missions The World Bank Group Lote A – Edificio Bangui, République Centrafricaine Avenue Marnix 17 Corporate Financial Center (Postal address: B.P. 819) 1000 Brussels, Belgium 7o Andar Tel: (236) 21 61 61 38 Tel: (32-2) 552 00 52 Brasilia, DF 70712-900, Brasil Fax: (236) 21 61 60 87 Fax: (32-2) 552 00 25 Tel: (55-61) 3329-1000 E-mail: mibrahima@worldbank.org E-mail: mpaolucci@worldbankgroup.org Fax: (55-61) 3329-1010 Web: http://www.worldbank.org/cf Web: http://www.worldbank.org/eu E-mail: Dwetzel@worldbank.org Web: http://www.worldbank.org/br Chad Benin Mr. Adama Coulibaly Mr. Olivier P. Fremond Bulgaria The World Bank Group Banque Mondiale Mr. Antony Thompson Avenue Charles de Gaulle Route de l'Aeroport The World Bank Group et Avenue Mahamat Ali Younousmi Jackson Avenue Jean-Paul II World Trade Center - Interpred Quartier Bololo Face Hotel Marina ex-Sheraton 36 Dragan Tsankov Blvd. N’Djamena, Chad Cotonou, Bénin Block A, 5th Floor (Postal address: B.P. 146) (Postal address: 03 B.P. 2112) 1057 Sofia, Bulgaria Tel: (235) 2252-3247, 2252-3360 Tel: (229) 21 30 58 57 Tel: (359-2) 969 72 29 Fax: (235) 2252-4484, 2252-5110 Fax: (229) 21 30 17 44 Fax: (359-2) 971 20 45 E-Mail: acoulibaly2@worldbank.org E-mail: Ofremond@worldbank.org E-mail: Athompson@worldbank.org Web: http://www.worldbank.org/td Web: http://www.worldbank.org/bj Web: http://www.worldbank.bg/ Chile Bhutan Burkina Faso Mr. Javier Zuleta Ms. Genevieve F. Boyreau Ms. Mercy Miyan Tembon The World Bank Group The World Bank Group The World Bank Group Dag Hammarskjod 3241 Bhutan Development Bank Ltd Building 179, Avenue du Président Saye Zerbo Vitacura, Santiago Norzin Lam Zone de Ambassades, Koulouba Chile Chubachu Ouagadougou 01, Burkina Faso E-mail: jzuleta1@worldbank.org P.O. Box 244 (Postal address: BP 622) Tel: (562) 654-1065 Thimphu, Bhutan Tel: (226) 5049 6300 Fax: (562) 654-1099 Tel: (975) 233-1775 / 233-1773 Fax: (226) 5049 6364 Fax: (975) 233-1782 E-mail: mtembon@worldbank.org * China E-mail: gboyreau@worldbank.org Web: http://www.worldbank.org/bf Mr. Klaus Rohland The World Bank Group Bolivia Burundi 16th Floor, China World Office 2 Mr. Faris H. Hadad-Zervos Mr. Rachidi B. 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Abousleiman Cambodia The World Bank Group Bosnia and Herzegovina Mr. Alassane Sow Carrera 7 No.71-21 Ms. Anabela Abreu The World Bank Torre A, Piso 16 (WB) or Piso 14 (IFC) The World Bank 113 Norodom Boulevard Apartado 10229 UNITIC Tower B Phnom Penh, Cambodia Bogota, Colombia Fra Andjela Zvizdovica 1 Tel: (855-23) 861300 Tel: (57-1) 326-3600 71000 Sarajevo Fax: (855-23) 210504, 210373 Fax: (57-1) 326-3480 Bosnia and Herzegovina E-mail: Asow@worldbank.org E-mail: Iabousleiman@worldbank.org Tel: (387-33) 251 500 Web: http//www.worldbank.org/kh Web: http://www.worldbank.org/co Fax: (387-33) 226 945 Web: http://bancomundial.org/co E-mail: aabreu@worldbank.org * Cameroon Web: http://www.worldbank.org.ba/ Mr. Gregor Binkert * Congo, Dem. Rep. Banque Mondiale Mr. Eustache Ouayoro Botswana rue 1. 792, No. 186 The World Bank Group The World Bank Yaoundé, Cameroon Boulevard: Tshatshi, no. 49 Time Square (Postal address: B.P. 1128) Kinshasa-Gombe Plot 134 Tel: (237) 22 20 38 15 Democratic Republic of the Congo Independence Avenue Fax: (237) 22 21 07 22 Tel: (243) 9999 49015 Gaborone, Botswana E-mail: gbinkert@worldbank.org Fax: (243) 880 7817, 9999 75019 Tel: (267) 310 5465 Web: http://www.worldbank.org/cm E-mail: eouayoro@worldbank.org Fax: (267) 310 5456 Web: http://www.worldbank.org/cd (Postal address: P.O. Box 20976) _________________________________________ 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 8, 2014. Offices of the World Bank Congo, Rep. * Egypt, Arab Rep. * Georgia Ms. Sylvie Dossou Kouame Mr. Hartwig Schafer Mr. Henry G. R. 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Barton-Dock Fax: (220) 449-7936 Banque Mondiale E-mail: bjoof@worldbank.org 7, rue Ogé Web: http://www.worldbank.org/gm Pétion-Ville, Haiti Tel: (509) 3798-0880 / 3798-0817 / 3798-0972 E-mail: Mbarton@worldbank.org Web: http://www.worldbank.org/ht _________________________________________ 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 8, 2014. Offices of the World Bank Honduras * Kazakhstan Lao PDR Mr. Giorgio Valentini Mr. Saroj Kumar Jha Ms. Sally L. Burningham The World Bank Group The World Bank Group The World Bank Centro Financiero CITI, 4th Floor Central Asia Regional Office Pathou Xay - Nehru Road Boulevard San Juan Bosco 41/A Kazybek bi Street, 4th Floor (P.O. Box 345 code 01004) Colonia Payaquí 050010 Almaty, Republic of Kazakhstan Vientiane, Lao PDR Apartado Postal 3591 Tel: (7-727) 298 -0580 Tel: (856-21) 266200 Tegucigalpa, Honduras Fax: (7-727) 298-0581 Fax: (856-21) 266299 Tel: (504) 2264-0200 E-mail: sjha1@worldbank.org E-mail: Sburningham@worldbank.org Fax: (504) 2239-4555 Web: http://www.worldbank.org/lao E-mail: gvalentini@worldbank.org Kazakhstan (Astana) Web: http://www.worldbank.org/hn Ms. Ludmilla Butenko * Lebanon The World Bank Astana Office Mr. Ferid Belhaj * India 12 Samal Microdistrict, 14th Floor The World Bank Group Mr. Onno Ruhl 010000 Astana, Republic of Kazakhstan Bourie House 119 The World Bank Tel: (7-7172) 580-555 Abdallah Bayhum Street 70 Lodi Estate Fax: (7-7172) 580-342 Marffaa, Solidere New Delhi 110 003, India E-mail: Lbutenko@worldbank.org P.O. Box 11-8577 (Postal address: P.O. 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Aprambath (Manager, ITSVP) Fax: (254-20) 322 6382 13 United Nations Road The World Bank E-mail: dgaye@worldbank.org Maseru, Lesotho Chennai – Shared Services Center Web: http://www.worldbank.org/ke (Postal address: P.O Box 015, Maseru West 11, Taramani Main Road 105) Taramani, Chennai - 600113 Kiribati Tel: (266) 22 21 7000 India The World Bank - ABD Liaison Office Fax: (266) 22 21 7034/5 Tel: (91-44) 2254 1001 c/- Ministry of Finance & Economic Development Web: http://www.worldbank.org/ls Fax: (91-44) 2254 1019 Building, 1st Floor Bairiki, Tarawa, Kiribati Liberia * Indonesia (Postal address: P.O. Box 13) Ms. Inguna Dobraja Mr. Rodrigo A. Chaves Tel: (686) 22040 / 22041 The World Bank Group The World Bank Group 2nd Floor, Bright Building, UN Drive Indonesia Stock Exchange Building Kosovo (Corner of Sekou Toure Ave. & Gibson St.) Tower 2, 12th Floor (WB) and 9th Floor (IFC) Mr. Jan-Peter Olters Mamba Point Sudirman Central Business District (SCBD) The World Bank Monrovia, Liberia Jl. Jendral Sudirman Kav. 52-53 Rruga Prishtinë-Fushë Kosovë Tel: (231-886) 606-967 / 48 Jakarta 12190, Indonesia 10060 Pristina E-mail: Idobraja@worldbank.org (Postal address: P.O. Box 1324/JKT) Republic of Kosovo Web: http://www.worldbank.org/lr Tel: (62-21) 5299-3000 Tel: (381-38) 224 454 Fax: (62-21) 5299-3111 Fax: (381-38) 224 452 Macedonia, FYR E-mail: RChaves@worldbank.org E-mail: jolters@worldbank.org Ms. Tatiana A. Proskuryakova Web: http://www.worldbank.org/id Web: http://www.worldbank.org/kosovo The World Bank 34 Leninova Street Iraq Kuwait 1000 Skopje, FYR Macedonia Mr. Robert Bou Jaoude Mr. Bassam Ramadan Tel: (389-2) 3117-159 The World Bank The World Bank Group Fax: (389-2) 3117-627 British Embassy Premises 10th Commercial Area, Block 10 E-Mail: Tproskuryakova@worldbank.org Baghdad, Iraq Sahat Al-Safat Street Web: http://www.worldbank.org.mk/ (Postal Address: Mailstop BGWWB Baitak Tower, floor 28 1818 H Street N.W. Washington DC, USA) Kuwait City, Kuwait Madagascar Tel: + 964-7901-833354 (Postal address: P.O. Box 1015, Safat 13010) Ms. Coralie Gevers E-mail: rboujaoude@worldbank.org Tel: (965) 2291 3500/2/3 The World Bank Group Web: http://www.worldbank.org/iq Fax: (965) 2291 3520 Rue Andriamifidy L. Razafimanantsoa E-mail: Bramadan@worldbank.org Anosy (près du Ministère des Affaires Jamaica Web: http://www.worldbank.org/mna Etrangères) Ms. Kathy Lalazarian Antananarivo 101, Madagascar The World Bank Group Kyrgyz Republic (Postal address: B. P. 4140) Courtleigh Corporate Centre, 3rd Floor Mr. Jean-Michel Happi (Eff. 8/1/14) Tel: (261-20) 225 6000 6 St. Lucia Avenue The World Bank Group Fax: (261-20) 223 3338 Kingston 5, Jamaica 214, Moskovskaya Str., E-mail: CGevers@worldbank.org Tel: (876) 960-0459 Bishkek 720010, Kyrgyz Republic Web: http://www.worldbank.org/madagascar Fax: (876) 960-0463 Tel: (996-312) 62 52 62 E-mail: Klalazarian@worldbank.org Fax: (996-312) 62 53 62 Web: http://www.worldbank.org/jm E-mail: Jhappi@worldbank.org Web: http://www.worldbank.org.kg _________________________________________ 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 8, 2014. Offices of the World Bank Malawi Moldova Niger Ms. Laura Kullenberg Mr. Alexander Kremer Mr. Nestor Coffi The World Bank The World Bank Banque Mondiale Mulanje House 20/1, Pushkin St. MD-2012 187, rue des Dallols Plot 13/57 Off Presidential Way Chisinau, Republic of Moldova B. P. 12402 City Centre Tel: (373-22) 200 706 Niamey, Niger Lilongwe 3, Malawi Fax: (373-22) 237 053 Tel: (227) 20 73 59 29 (Postal address: P.O. Box 30557) E-mail: sjha1@worldbank.org Fax: (227) 20 73 55 06 Tel: (265-1) 770 611 Web: http://www.worldbank.org.md E-mail: ncoffi@worldbank.org Fax: (265-1) 771 158 / 773 908 Web: http://www.worldbank.org/ne E-Mail: lkullenberg@worldbank.org Mongolia Web: http://www.worldbank.org/mw The World Bank Group * Nigeria MCS Plaza Building (WB 5th Floor/IFC 4th Floor) Ms. Marie- Françoise Marie-Nelly Maldives Seoul Street-4 The World Bank Ms. Francoise Clottes (Sri Lanka) Ulaanbaatar 210644, Mongolia 102, Yakubu Gowon Crescent The World Bank Tel: (976-11) 312-647 or 312-654 Opposite ECOWAS Secretariat 2 Floor, Hithigasdhoshuge Aage Fax: (976-11) 312-645 Asokoro District Hakuraa Goalhi Web: http://www.worldbank.org.mn Abuja, Nigeria Male', Republic of Maldives (Postal address: P.O. Box 2826, Garki) Tel: (960) 334 1910 * Morocco Tel: (234) 8058205408; 8058205422 Fax: (960) 334 1911 Mr. Neil Simon M. Gray Tel : (234) 7035830641-44; 7089996090-1 E-mail: Fclottes@worldbank.org The World Bank Group Fax: (234-9) 314-5267 Web: http://www.worldbank.org/maldives 7, rue Larbi Ben Abdellah E-mail: Mmarienelly@worldbank.org Rabat-Souissi, Morocco Web: http://www.worldbank.org/ng * Mali Tel: (212-537) 63.60.50 Mr. Paul Noumba Um Fax: (212-537) 63.60.51 * Pakistan Banque Mondiale E-mail: Ngray@worldbank.org Mr. Rachid Benmessaoud Immeuble Waly Diawara, Web: http://www.worldbank.org/ma The World Bank Group Hamdallaye ACI – 2000 20 A Shahrah-e-Jamhuriyat Avenue du Mali En Face du Gouvernorat du * Mozambique Sector G-5/1, Islamabad, Pakistan District Mr. Mark R. Lundell (WB postal address: P.O. Box 1025) Bamako, Mali The World Bank Group (IFC postal address: Post Bag 3033) (Postal address: B. P. 1864) Avenue Kenneth Kaunda, 1224 Tel: (92-51) 227 9641-6 Tel: (223) 20 22 22 83 Maputo, Mozambique Fax: (92-51) 227 9648 / 9 Fax: (223) 20 22 66 82 (Postal address: Caixa Postal 4053) E-mail: Rbenmessaoud@worldbank.org E-mail: pnoumbaum@worldbank.org Tel: (258-21) 482 300 Web: http://www.worldbank.org.pk Web: http://www.worldbank.org/ml Fax: (258-21) 492 893 E-mail: Mlundell@worldbank.org Panama Mauritania Web: http://www.worldbank.org/mz Ms. Ludmilla Butenko Mr. Moctar Thiam The World Bank Banque Mondiale Myanmar Avenida Aquilino De La Guardia y calle 47 Villa No. 30, Lot A Mr. Abdoulaye Seck Marbella Quartier Socogim Tevrragh Zaina The World Bank Group Edificio Ocean Business Plaza Nouakchott, Mauritanie No.57, Pyay Road, Piso 21, Oficina 2111 (Postal address: B. P. 667) Corner of Shwe Hinthar Street Panamá City, Panamá Tel: (222) 4525 10 17 6 ½ miles, Hlaing Township Tel: (507) 831-2000 Fax: (222) 4525 13 34 Yangon, Myanmar E-mail: Lbutenko@worldbank.org E-mail: Mthiam@worldbank.org Tel: (95-1) 654-824 Web: http://www.worldbank.org/panama Web: http://www.worldbank.org/mauritania Fax: (95-1) 654-825 E-mail: Aseck1@worldbank.org Papua New Guinea Mauritius Web: http://www.worldbank.org/myanmar Ms. Stefanie Stallmeister Ms. Coralie Gevers (Madagascar) The World Bank Group The World Bank Liaison Office Nepal Level 13, Deloitte Tower, P.O. Box 1877 3rd Floor Médine Mews Mr. Takuya Kamata Port Moresby, National Capital District Chaussée Street The World Bank Group Papua New Guinea Port-Louis, Mauritius Yak & Yeti Hotel Complex Tel: (675) 321-7111 Tel: (230) 203 2500 Durbar Marg Fax: (675) 321-7730 Fax: (230) 208 0502 Kathmandu, Nepal E-mail: sstallmeister@worldbank.org E-mail: CGevers@worldbank.org (Postal address: P.O. Box 798) Web: http://www.worldbank.org/pg Web: http://www.worldbank.org/mauritius Tel: (977-1) 4226792 Fax: (977-1) 4225112 Paraguay * Mexico E-mail: tkamata@worldbank.org Mr. Dante Mossi Mr. Gerardo M. Corrochano Web: http://www.worldbank.org/np Banco Mundial Banco Mundial Av. España 2028 c/ Av. Brasilia 5o. Piso Insurgentes Sur 1605, Piso 24 Nicaragua Edificio Urano San Jose Insurgentes Mr. Luis F. Constantino Asunción, Paraguay 03900 Mexico, D. F., Mexico The World Bank Group Tel: (595-21) 231-155 Tel: (52-55) 5480-4200 Plaza Santo Domingo Fax: (595-21) 231-196 Fax: (52-55) 5480-4222 Kilómetro 6.5 Carretera a Masaya E-mail: dmossireyes@worldbank.org E-mail: Gcorrochano@worldbank.org Edificio Cobirsa, Quinto Piso Web: http://www.worldbank.org/py Web: http://www.worldbank.org/mx Managua, Nicaragua Tel: (505) 2270-0000 Fax: (505) 2270-0077 E-mail: Lconstantino@worldbank.org Web: http://www.worldbank.org/ni _________________________________________ 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 8, 2014. Offices of the World Bank Peru Samoa Solomon Islands The World Bank Group Ms. Maeva Betham-Va’ai Ms. Anne Tully Av. Alvarez Calderón 185, Piso 7 The World Bank Group - ABD Liaison Office The World Bank Group San Isidro Level 6, Central Bank Building Mud Alley Lima 27, Peru Beach Road Honiara, Solomon Islands Tel: (511) 622-2300 Apia, Samoa (Postal address: GPO Box 1744) Fax: (511) 421-7241 (Postal address: PO Box 3999) Tel: (677) 21444 Web: http://www.worldbank.org/pe Tel: (685) 24492 / 34340 Fax/ADSL Line: (677) 21448 Fax: (685) 24228 E-mail: Atully@worldbank.org * Philippines E-mail: mvaai@worldbank.org Web: www.worldbank.org/pi Mr. Motoo Konishi The World Bank Group * Saudi Arabia South Africa (Johannesburg) 26th Floor, One Global Place Mr. Nadir Mohammed The World Bank Group 5th Avenue corner 25th Street The World Bank Group Regional Processing Center Bonifacio Global City 1st Floor, UNDP Building, Diplomatic Quarter 4 Fricker Road, Illovo Boulevard Taguig City, Philippines Riyadh, Saudi Arabia Illovo 2196 Tel: (63-2) 465-2500 (Postal address: P.O. Box 5900, Johannesburg, South Africa Fax: (63-2) 465-2505 Riyadh 11432, Saudi Arabia) (Postal address: P.O. Box 41283, E-mail: Mkonishi@worldbank.org Tel: (966-1) 483-4956 Craighall 2024) Web: http://www.worldbank.org.ph Fax: (966-1) 488-5311 Tel: (27-11) 219-5102 E-mail: nmohammed@worldbank.org Poland Web: http://www.worldbank.org/sa * South Africa (Pretoria) Ms. Marina Wes Mr. Asad Alam The World Bank Group * Senegal The World Bank 53, Emilii Plater St. Ms. Vera Songwe 442 Rodericks Road Warsaw Financial Center, 9th Floor Banque Mondiale Corner Lynnwood and Rodericks Roads, 0081 00-113 Warsaw, Poland Corniche Ouest X, David Diop Pretoria, South Africa Tel: (48-22) 520 8000 Dakar, Sénégal (Postal address: P.O. Box 12629, Fax: (48-22) 520 8001 (Postal address: B. P. 3296) Hatfield 0028, Pretoria) E-mail: mwes@worldbank.org Tel: (221) 33-859-4100 Tel: (27-12) 742 3100 Web: http:/www.worldbank.org.pl/ Fax: (221) 33-859-4283 Fax: (27-12) 742 3134 E-mail: Vsongwe@worldbank.org E-mail: Aalam@worldbank.org Romania Web: http://www.worldbank.org/sn Web: http://www.worldbank.org/za Ms. Elisabetta Capannelli The World Bank Group Serbia South Sudan (Juba) UTI Building, 6th floor Mr. Antonius Verheijen Ms. Bella Bird, Country Director (Kenya) 31 Vasile Lascar Street, Sector 2 The World Bank Group The World Bank Group Bucharest, Romania 020492 Bulevar Kralja Aleksandra 86-90 Ministries Complex Tel: (40-21) 201-0311 11000 Belgrade, Republic of Serbia Kololo Road, Adjacent to Ministry of Health Fax: (40-21) 201-0338 Tel: (381-11) 3023-700 Juba, South Sudan E-mail: Ecapannelli@worldbank.org Fax: (381-11) 3023-732 Tel: (211) 959 002 666/667/668 Web: http://www.worldbank.org.ro/ E-Mail: averheijen@worldbank.org E-mail: bbird@worldbank.org Web: http://www.worldbank.rs/ Web: * Russian Federation ttp://www.worldbank.org/en/country/southsudan Mr. Michal Rutkowski Sierra Leone The World Bank Group Mr. Francis Ato Brown * Sri Lanka 36/1 Bolshaya Molchanovka st., The World Bank Group Ms. Francoise Clottes 121069 Moscow, Russia Africanus House The World Bank Tel: (7-495) 745-70-00 13A Howe Street 1st Floor, DFCC Building Fax: (7-495) 745-70-02 Freetown, Sierra Leone 73/5, Galle Road E-mail: Mrutkowski @worldbank.org Tel: (232-22) 227555 Colombo 3, Sri Lanka Web: http://www.worldbank.org.ru/ Tel: (232-76) 806467, 806468 (Postal address: P.O. Box 1761) Fax: (232-22) 228555 Tel: (94-11) 2448070/1 Rwanda E-mail: fbrown@worldbank.org Fax: (94-11) 2440357 Ms. Carolyn Turk Web: http://www.worldbank.org/sl E-mail: Fclottes@worldbank.org The World Bank Group Web: http://www.worldbank.org/srilanka Blvd. de la Révolution * Singapore SORAS Building Mr. Bert Hofman Sudan (Khartoum) Kigali, Rwanda The World Bank Group Ms. Bella Bird, Country Director (Kenya) (Postal address: P.O. Box 609) 10 Marina Boulevard, Marina Bay Financial Centre, The World Bank Tel: (250) 252 591 300 Tower 2, #34-02 Plot 39, Street 39 Fax: (250) 252 591 385 Singapore 018983 Khartoum East (II) E-mail: cturk@worldbank.org Tel: (65) 6517-1240 Khartoum, Sudan Web: http://www.worldbank.org/rw Direct: (65) 6517-1241 (Postal address: P.O. 229, 11111) Fax: (65) 6517 1244 Tel: (249) 156 553 000 E-mail: Bhofman@worldbank.org Fax: (249)156 553 064 Web: http://www.worldbank.org/sg E-mail: bbird@worldbank.org Email: sndegwa@worldbank.org Web: http://www.worldbank.org/sd _________________________________________ 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 8, 2014. Offices of the World Bank Tajikistan * Turkey Vanuatu Ms. Patricia Veevers-Carter Mr. Martin Raiser The Joint World Bank Group & ADB Liaison The World Bank Group The World Bank Office 48, Ayni Str. Ugur Mumcu Caddesi No.88, Kat: 2 Level 5, Reserve Bank Building Business Center "Sozidanie", block A, 3-rd Floor 06700 Gaziosmanpasa P.O. Box 3221 734024, Dushanbe, Tajikistan Ankara, Turkey Port Vila, Vanuatu Tel: (992-48) 701 58 00/10 Tel: (90-312) 459 83 00 Tel: (678) 25581 Fax: (992-48) 701 58 37 Fax: (90-312) 446 24 42 Fax: (678) 22636 E-mail: pveeverscarter@worldbank.org E-mail: mraiser@worldbank.org Web: http://www.worldbank.org/eap Web: http://www.worldbank.org/tj Web: http://www.worldbank.org.tr/ * Vietnam * Tanzania Turkmenistan Ms. Victoria Kwakwa Mr. Philippe Dongier Mr. Jean-Michel Happi (in Kyrgyz Rep.) The World Bank Group The World Bank E-mail: Jhappi@worldbank.org 63 Ly Thai To (WB: 8th Floor / IFC: 3rd Floor) 50 Mirambo Street The World Bank Liaison Office Hoan Kiem District Dar-es-Salaam, Tanzania Yimpash Business Center, Office 803, Hanoi, Vietnam (Postal address: P.O. Box 2054) Turkmenbashi Avenue, 54 Tel: (84-4) 3934-6600 Tel: (255-22) 2163200 Ashgabat 744000, Turkmenistan Fax: (84-4) 3935-0752 / 3 Fax: (255-22) 2113039, 2163295 Tel: (993-12) 45 14 75 E-mail: Vkwakwa@worldbank.org E-mail: pdongier@worldbank.org Fax: (993-12) 45 14 91 Web: Web: http://www.worldbank.org/tz E-mail: Jhappi@worldbank.org http://www.worldbank.org/en/country/vietnam Web: http://www.worldbank.org/tm * Thailand * West Bank and Gaza Mr. Ulrich Zachau Uganda Mr. Steen Lau Jorgensen The World Bank Group Mr. Ahmadou Moustapha Ndiaye The World Bank Group 30th Floor, Siam Tower The World Bank Group P.O. Box.54842 989 Rama 1 Road, Pathumwan Plot 1, Lumumba Avenue Jerusalem, 97200 Bangkok 10330, Thailand Rwenzori House, 4th Floor Tel: (972-2) 236 6500 Tel: (66-2) 686-8300 Kampala, Uganda Fax: (972-2) 236 6543 Fax: (66-2) 686-8301 (Postal address: P.O. Box 4463) Gaza Tel: (972-8) 282 3422 E-mail: Uzachau@worldbank.org Tel: (256-414) 230-094 Gaza Fax: (972-8) 282 4296 Web: http://www.worldbank.or.th Tel: (256-312) 221-416 / 7 E-mail: Sjorgensen@worldbank.org Fax: (256-414) 230-092 Web: http://www.worldbank.org/ps Timor-Leste E-mail: andiaye@worldbank.org The World Bank Group Web: http://www.worldbank.org/ug Yemen, Rep. Avenida Dos Direitos Humanos Mr. Wael Zakout Dili, Timor-Leste * Ukraine The World Bank Group Tel: (670) 332-4649, 332-4648 Mr. Qimiao Fan Faj Attan, off Beirut Street Fax: (670) 332-1178 The World Bank Sana'a, Republic of Yemen Web: http://www.worldbank.org/tl 1, Dniprovsky Uzviz (Postal address: P.O. Box 18152) Kyiv 01010, Ukraine Tel: (967-1) 413 708 / 413 710 Togo Tel: (380-44) 490 6671 Fax: (967-1) 413 709 Mr. Hervé Assah Fax: (380-44) 490 6670 E-mail: Wzakout@worldbank.org Banque Mondiale E-mail: Qfan @worldbank.org Cité de l'OUA Web: http://www.worldbank.org.ua/ * Zambia (entre la Résidence Ambassadeur du Ghana et la Ms. Kundhavi Kadiresan Primature) Uruguay The World Bank Lomé, Togo Ms. Ruxandra Burdescu BancABC House (Postal address: Boite Postale 3915) The World Bank Plot #746 Church Road Tel: 22 53 33 00 Buenos Aires 570, 3rd Floor Cathedral Hill Fax: 22 26 78 56 CP11000 P. O. Box 35410 E-mail: hassah@worldbank.org Montevideo, Uruguay Lusaka, Zambia Web: http://www.worldbank.org/tg Tel: (598) 2916-9400 Tel: (260-21) 137-3200 Fax: (598) 2916-9400 ext. 3701 Fax: (260-21) 137-3248 Tonga E-mail: rburdescu@worldbank.org E-mail: Kkadiresan@worldbank.org The World Bank Liaison Office Web: http://www.worldbank.org/uy Web: http://www.worldbank.org/zm TBD Building Floor 1 Nuku'alofa, Tonga Uzbekistan Zimbabwe (Postal address: P.O. Box 87) Mr. Takuya Kamata Mrs. Camille Nuamah Tel: (676) 28 290 The World Bank Group The World Bank Fax: (676) 28 735 International Business Center, 15th floor Old Lonrho Building 107 B, Amir Timur Street 88 Nelson Mandela Avenue Tunisia Tashkent 100084, Uzbekistan Harare, Zimbabwe Ms. Eileen Murray Tel: (998-71) 238 5950 (Postal address: P.O. Box 2960) Bureau de la Banque mondiale Fax: (998-71) 238 5951, 238 5952 Tel: (263-4) 701 233 / 4 Immeuble Zahrabed -- BAD E-mail: tkamata@worldbank.org Fax: (263-4) 705-935 Jardins du Lac - Tunis Web: http://www.worldbank.org.uz E-mail: clampart@worldbank.org BP 323 Web: http://www.worldbank.org.zw/ 1002 Tunis Belvédère Tunisia Tel: (216-71) 19 44 68 Fax: (216-71) 19 44 75 E-mail: Emurray@worldbank.org Web: http://www.worldbank.org/tn _________________________________________ 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 8, 2014. International Development Association Membership | June 30, 2014 Member Date of membership Membership classification Australia September 24, 1960 Part I Austria June 28, 1961 Part I Belgium July 2, 1964 Part I Canada September 24, 1960 Part I Denmark November 30, 1960 Part I Estonia October 11, 2008 Part I Finland December 29, 1960 Part I France December 30, 1960 Part I Germany September 24, 1960 Part I Greece January 9, 1962 Part I Iceland May 19, 1961 Part I Ireland December 22, 1960 Part I Italy September 24, 1960 Part I Japan December 27, 1960 Part I Kuwait September 13, 1962 Part I Latvia August 11, 1992 Part I Lithuania September 23, 2011 Part I Luxembourg June 4, 1964 Part I Netherlands June 30, 1961 Part I New Zealand October 1, 1974 Part I Norway September 24, 1960 Part I Portugal December 29, 1992 Part I Russian Federation June 16, 1992 Part I Slovenia February 25, 1993 Part I South Africa October 12, 1960 Part I Spain October 18, 1960 Part I Sweden September 24, 1960 Part I Switzerland May 29, 1992 Part I United Arab Emirates December 23, 1981 Part I United Kingdom September 24, 1960 Part I United States September 24, 1960 Part I Afghanistan February 2, 1961 Part II Albania October 15, 1991 Part II Algeria September 26, 1963 Part II Angola September 19, 1989 Part II Argentina August 3, 1962 Part II Armenia August 25, 1993 Part II Azerbaijan March 31, 1995 Part II Bahamas, The June 23, 2008 Part II Member Date of membership Membership classification Bangladesh August 17, 1972 Part II Barbados September 29, 1999 Part II Belize March 19, 1982 Part II Benin September 16, 1963 Part II Bhutan September 28, 1981 Part II Bolivia June 21, 1961 Part II Bosnia and Herzegovina February 25, 1993 Part II Botswana July 24, 1968 Part II Brazil March 15, 1963 Part II Burkina Faso May 13, 1963 Part II Burundi September 28, 1963 Part II Cabo Verde November 20, 1978 Part II Cambodia July 22, 1970 Part II Cameroon April 10, 1964 Part II Central African Republic August 27, 1963 Part II Chad November 7, 1963 Part II Chile December 30, 1960 Part II China September 24, 1960 Part II Colombia June 16, 1961 Part II Comoros December 9, 1977 Part II Congo, Dem. Rep. September 28, 1963 Part II Congo, Rep. November 8, 1963 Part II Costa Rica June 30, 1961 Part II Côte d'Ivoire March 11, 1963 Part II Croatia February 25, 1993 Part II Cyprus March 2, 1962 Part II Czech Republic January 1, 1993 Part II Djibouti October 2, 1980 Part II Dominica September 29, 1980 Part II Dominican Republic November 16, 1962 Part II Ecuador November 7, 1961 Part II Egypt, Arab Rep. October 26, 1960 Part II El Salvador April 23, 1962 Part II Equatorial Guinea April 5, 1972 Part II Eritrea July 6, 1994 Part II Ethiopia April 11, 1961 Part II Fiji September 29, 1972 Part II Gabon November 4, 1963 Part II Gambia, The October 18, 1967 Part II Georgia August 31, 1993 Part II Ghana December 29, 1960 Part II Member Date of membership Membership classification Grenada August 28, 1975 Part II Guatemala April 27, 1961 Part II Guinea September 26, 1969 Part II Guinea-Bissau March 25, 1977 Part II Guyana January 4, 1967 Part II Haiti June 13, 1961 Part II Honduras December 23, 1960 Part II Hungary April 29, 1985 Part II India September 24, 1960 Part II Indonesia August 20, 1968 Part II Iran, Islamic Rep. October 10, 1960 Part II Iraq December 29, 1960 Part II Israel December 22, 1960 Part II Jordan October 4, 1960 Part II Kazakhstan July 23, 1992 Part II Kenya February 3, 1964 Part II Kiribati October 2, 1986 Part II Korea, Rep. May 18, 1961 Part II Kosovo June 29, 2009 Part II Kyrgyz Republic September 24, 1992 Part II Lao PDR October 28, 1963 Part II Lebanon April 10, 1962 Part II Lesotho September 19, 1968 Part II Liberia March 28, 1962 Part II Libya August 1, 1961 Part II Macedonia, FYR February 25, 1993 Part II Madagascar September 25, 1963 Part II Malawi July 19, 1965 Part II Malaysia September 24, 1960 Part II Maldives January 13, 1978 Part II Mali September 27, 1963 Part II Marshall Islands January 19, 1993 Part II Mauritania September 10, 1963 Part II Mauritius September 23, 1968 Part II Mexico April 24, 1961 Part II Micronesia, Fed. Sts. June 24, 1993 Part II Moldova June 14, 1994 Part II Mongolia February 14, 1991 Part II Montenegro January 18, 2007 Part II Morocco December 29, 1960 Part II Mozambique September 24, 1984 Part II Member Date of membership Membership classification Myanmar November 5, 1962 Part II Nepal March 6, 1963 Part II Nicaragua December 30, 1960 Part II Niger April 24, 1963 Part II Nigeria November 14, 1961 Part II Oman February 20, 1973 Part II Pakistan September 24, 1960 Part II Palau December 16, 1997 Part II Panama September 1, 1961 Part II Papua New Guinea October 9, 1975 Part II Paraguay February 10, 1961 Part II Peru August 30, 1961 Part II Philippines October 28, 1960 Part II Poland June 28, 1988 Part II Romania April 12, 2014 Part II Rwanda September 30, 1963 Part II Samoa June 28, 1974 Part II São Tomé and Príncipe September 30, 1977 Part II Saudi Arabia December 30, 1960 Part II Senegal August 31, 1962 Part II Serbia February 25, 1993 Part II Sierra Leone November 13, 1962 Part II Singapore September 27, 2002 Part II Slovak Republic January 1, 1993 Part II Solomon Islands July 21, 1980 Part II Somalia August 31, 1962 Part II South Sudan April 18, 2012 Part II Sri Lanka June 27, 1961 Part II St. Kitts and Nevis October 23, 1987 Part II St. Lucia April 28, 1982 Part II St. Vincent and the Grenadines August 31, 1982 Part II Sudan September 24, 1960 Part II Swaziland September 22, 1969 Part II Syrian Arab Republic June 28, 1962 Part II Tajikistan June 4, 1993 Part II Tanzania November 6, 1962 Part II Thailand September 24, 1960 Part II Timor-Leste July 23, 2002 Part II Togo August 21, 1962 Part II Tonga October 23, 1985 Part II Trinidad and Tobago October 30, 1972 Part II Member Date of membership Membership classification Tunisia December 30, 1960 Part II Turkey December 22, 1960 Part II Tuvalu June 24, 2010 Part II Uganda September 27, 1963 Part II Ukraine May 27, 2004 Part II Uzbekistan September 24, 1992 Part II Vanuatu September 28, 1981 Part II Vietnam September 24, 1960 Part II Yemen, Rep. May 22, 1970 Part II Zambia September 23, 1965 Part II Zimbabwe September 29, 1980 Part II Total members: 173 Country Eligibility for Borrowing from the World Bank | June 30, 2014 a A. IBRD only Category iv (per capita income over $7,185) Korea, Rep. 25,920 Gabon 10,650 Trinidad and Tobago 15,760 Malaysia 10,390 Chile 15,230 Mexico 9,940 Uruguay 15,180 Lebanon 9,870 Equatorial Guinea 14,320 Costa Rica 9,550 Russian Federation 13,860 Mauritius 9,300 St. Kitts and Nevis 13,460 Suriname 9,260 Croatia 13,370 Romania 9,060 Poland 12,970 Botswana 7,730 Antigua and Barbuda 12,900 Colombia 7,560 b Venezuela, RB 12,550 Grenada 7,460 Seychelles 12,530 Azerbaijan 7,350 Brazil 11,730 Montenegro 7,220 Kazakhstan 11,380 South Africa 7,190 Palau 10,980 Argentina n.a. Turkey 10,950 Libya n.a. Panama 10,700 Category iii ($1,215–$7,185) Bulgaria 7,030 Belize 4,660 Turkmenistan 6,880 Albania 4,640 Belarus 6,720 Fiji 4,430 Iraq 6,710 Tunisia 4,360 China 6,550 Paraguay 4,040 Peru 6,420 Ukraine 3,960 Namibia 5,840 Armenia 3,800 c Iran, Islamic Rep. 5,780 El Salvador 3,660 Serbia 5,720 Indonesia 3,580 Dominican Republic 5,620 Georgia 3,570 Ecuador 5,510 Guatemala 3,330 Thailand 5,390 Philippines 3,270 Algeria 5,290 Egypt, Arab Rep. 3,160 Jamaica 5,220 Swaziland 3,080 Angola 5,010 Morocco 3,030 d Jordan 4,940 India 1,560 c Macedonia, FYR 4,800 Syrian Arab Republic n.a. Bosnia and Herzegovina 4,740 e B. Blend Category iii (per capita income $1,215–$7,185) St. Lucia 7,090 Congo, Rep. 2,660 Dominica 6,760 Bolivia 2,550 St. Vincent and the Grenadines 6,580 Moldova 2,440 Cabo Verde 3,630 Papua New Guinea 2,010 Timor-Leste 3,580 Uzbekistan 1,900 Mongolia 3,530 Vietnam 1,730 Sri Lanka 3,170 Pakistan 1,380 Nigeria 2,760 Cameroon 1,270 Category i ($1,045 or less) c Zimbabwe 820 e C. IDA Category iii (per capita income $1,215–$7,185) Tuvalu 6,510 Honduras 2,200 Maldives 5,610 Nicaragua 1,780 Tonga 4,490 Ghana 1,760 Marshall Islands 4,200 Solomon Islands 1,610 Kosovo 3,890 Lesotho 1,550 Guyana 3,750 Zambia 1,480 Micronesia, Fed. Sts. 3,440 São Tomé and Príncipe 1,470 Samoa 3,430 Lao PDR 1,460 Vanuatu 3,120 Côte d'Ivoire 1,380 Kiribati 2,620 Yemen, Rep. 1,330 Bhutan 2,430 Djibouti n.a. Category ii ($1,215 or less) Kyrgyz Republic 1,200 Mauritania 1,090 c Sudan 1,130 Senegal 1,070 South Sudan 1,120 Category i ($1,045 or less) Chad 1,020 Togo 530 Tajikistan 980 Guinea-Bissau 520 Cambodia 950 Gambia, The 510 Kenya 930 Uganda 510 c Bangladesh 900 Eritrea 490 Comoros 880 Ethiopia 470 Haiti 810 Guinea 460 Benin 790 Madagascar 440 Nepal 730 Liberia 410 Afghanistan 700 Niger 410 Sierra Leone 680 Congo, Dem. Rep. 400 Burkina Faso 670 Central African Republic 320 Mali 670 Burundi 280 Tanzania 630 Malawi 270 Rwanda 620 Myanmar n.a. c Mozambique 590 Somalia n.a. Note: n.a. = not applicable—estimates are available in ranges only. a. World Bank Atlas methodology; 2013 per capita GNI (gross national income, formerly GNP) figures are in U.S. dollars. b. The country represents a small island economy exception and receives financing on IDA terms. c. Loans/credits in nonaccrual status as of July 1, 2014. General information on countries with loan/credits in nonaccrual status is available from the Credit Risk Department in Finance Partners. d. During IDA17 India will receive exceptional transitional support from IDA. e. Countries are eligible for IDA on the basis of (a) relative poverty and (b) lack of creditworthiness. The operational cutoff for IDA eligibility for fiscal 2015 is a 2013 GNI per capita of US$1,215, using Atlas methodology. To receive IDA resources, countries must also meet tests of performance. An exception has been made for small island economies. In exceptional circumstances, IDA extends eligibility temporarily to countries that are above the operational cutoff and are undertaking major adjustment efforts but are not creditworthy for IBRD lending. Changes during previous fiscal year 1. São Tomé and Principe has been granted the small island exception, effective in fiscal 2013, 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. Effective July 16, 2013, IBRD loans to or guaranteed by the Islamic Republic of Iran were placed in nonperforming status. Effective September 27, 2013, IBRD loans to or guaranteed by the Islamic Republic of Iran were restored to performing status. 3. Moldova changed from IDA-only borrower to Blend borrower status, effective September 5, 2013. 4. Angola changed from IDA-only borrower to Blend borrower status, effective September 26, 2013. 5. Nigeria changed from IDA-only borrower to Blend borrower status, effective April 24, 2014. 6. The Republic of Congo changed from IDA-only borrower to Blend borrower status, effective June 3, 2014. 7. Cameroon changed from IDA-only borrower to Blend borrower status, effective June 3, 2014. World Banka Expenditures by Program l Fiscal 2010–2014 millions of dollars Actual Program 2010 2011 2012 2013 2014 Regional 1,163.3 1,162.2 1,202.0 1,225.2 1,264.3 Network Anchors 212.9 221.7 225.7 216.5 217.0 Other operational programsa 160.0 160.0 164.8 157.0 164.5 Financial 176.4 170.5 167.7 167.4 166.8 Administrativeb 156.0 159.3 436.0 435.2 490.4 Corporate management and servicesb 111.1 108.7 154.2 150.6 156.3 Overheads, benefits, and contingenciesc (122.5) (108.9) (179.2) (78.4) (91.7) Administrative expenses above-the-linec, d 1,857.1 1,873.5 2,171.2 2,273.4 2,367.6 Less: Reimbursables and fee incomec (290.1) (298.7) (347.8) (399.9) (466.7) Net administrative expenses above-the-lined 1,567.0 1,574.8 1,823.4 1,873.5 1,901.0 Below-the-line items Staff retirement account 260.0 268.6 306.7 369.3 393.6 Grant-making facilities 170.1 149.4 135.9 153.1 159.8 Corporate Secretariat/Board 92.0 92.0 95.4 95.5 91.5 Independent Evaluation Group 24.9 32.2 32.5 33.8 34.3 Less: Reimbursables and fee income (20.2) (25.1) (29.9) (30.2) (26.7) Total administrative expenses, net of reimbursables 2,093.7 2,091.8 2,364.2 2,494.9 2,553.5 Note: The figures reported in this table reflect the work program mapping as at the end of fiscal 2014 and will not match figures published in previous reports due to organizational changes that happened during fiscal 2014. a. Includes expenses previously reported separately under "Development Economics and World Bank Institute." b. Fiscal 2014 expenditure includes total expenses for the World Bank Group Integrated Services (WBGIS) units including ECRVP, HRDVP and ITSVP. c. Revenues associated with "HQ real estate project", previously reported under the "Overheads, benefits, and contingencies" line are now reported under "Reimbursables and fee income" line instead. d. Above-the-line expenditures refer to expenses for carrying out the work programs within the Board approved net administrative budget (i.e., the portion of the World Bank’s work program funded by IBRD and IDA resources). Starting in fiscal 2015, the above-the-line and below-the-line distinction will not be applicable. Contribution: Top-10 Trust Fund Donors | Fiscal 2014 millions of dollars Donor 2014 2013 United States 2,822 2,216 United Kingdom 1,591 1,685 Japan 936 756 Germany 711 606 EU Commission of the European Communities 672 453 France 555 624 Norway 512 568 Australia 474 528 Netherlands 452 512 Sweden 386 469 Others 2,119 2,392 Total 11,230 10,809 Note: Contributions to ICSID escrow accounts are excluded. Comparative figures of fiscal 2013 are provided for the top-10 donors of fiscal 2014. Previous year figures have been reclassified where necessary. Global Reporting Initiative (GRI) Index G4 Sustainability Reporting About the GRI index The World Bank supports the Global Reporting Initiative (GRI) and is one of the GRI Chapter Group of founding members. This response has been prepared in accordance to the GRI guidelines: core option and provides an overview of sustainability considerations within the World Bank’s lending and analytical services as well as its day-to-day operations and management of staff. We aim to be comprehensive in our reporting and thus include indicators from GRI’s Financial Sector Supplement. The World Bank reports on a fiscal year basis, which extends from July 1 through June 30. This report covers fiscal 2014 (July 1, 2013 — June 30, 2014). Note: The World Bank consists of two agencies: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Except for the eligibility of support and terms of lending to member countries, the agencies are tightly integrated and work as a single unit. World Bank Group includes World Bank, as well as its sister agencies: the International Finance Cor- poration (IFC), the Multilateral Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). Defining the report The topics deemed relevant for disclosure were identified by assessing annual corporate priorities outlined by the institutions’ Boards and President, considering stakeholder input, as well as ascertaining sustainability impacts of carrying out the mission and vision. Methodology for determining what’s material To determine if a GRI aspect is material for the World Bank to report on, an assessment was carried out based on (1) the potential impact on the Bank’s business, and (2) the sustainability impacts stemming from its business. Setting the reporting boundary for the World Bank The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. In delivering services to member countries, we look to promote environmental and social sustainability at the country, region, and global levels, and to pursue a fiscally responsible development path. Simultaneously working in more than 130 offices globally, we endeavor to be an environmentally responsible partner and a good corporate citizen. The impacts that make a topic relevant can appear in our lending and analytical work with clients, in our internal operations, or in both. Validating the methodology: Stakeholder Panel The World Bank, one of the first institutions to apply the new GRI G4 (fourth generation) guidelines on sustainability reporting, invited selected stakeholders in May 2014 to meet in person and review the Bank’s materiality approach and resulting reporting, and advise it in that undertaking for the 2014 reporting cycle. Results: What is material? Operational impact The World Bank’s most pertinent sustainability impacts from financial and technical services to clients can be summarized in the follow- ing GRI related aspects: 1. Economic Performance – Since creating and distributing economic value is part of the mission of alleviating poverty, shareholders and investors care about the sustainable economic performance of this institution. 2. Indirect Economic Impacts – These impacts are essential aspect of the Bank’s second goal of ensuring shared prosperity. Numerous stakeholders have also asked for better valuation of results, direct and indirect, from World Bank lending and analytical services. 3. Biodiversity – Through lending and grant support to client countries, the World Bank Group is one of the largest international fund- ing sources for biodiversity worldwide. 4. Human Rights / Child Labor / Indigenous Rights – The World Bank significantly promotes human rights through its projects, for example, improving poor people’s access to health services, education, food, and water; promoting the participation of Indigenous Peoples in decision making; strengthening the accountability and transparency of governments to their citizens; supporting justice reform; and fighting corruption. In addition, civil society is actively following the World Bank’s current process of updating its safe- 1 guard policies. Stakeholders have also raised concerns about inadequate protections for child labor by member countries in projects implemented through World Bank lending. 5. Local Communities – The very nature of the Bank’s mission is to positively impact communities through investments in education, health, public administration, infrastructure, and other development needs. 6. Anti-corruption – A well-functioning public sector that delivers quality public services consistent with citizen preferences and fosters private, market-led growth, while managing its fiscal resources in a prudent manner is critical to the World Bank’s mission to alleviate poverty. Anti-corruption was listed as one of the development priorities by opinion leaders in its client countries. 7. Grievance Mechanisms (environmental and human rights, for impacts on society) – Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. By offering a channel for citizens to express concerns, comments, and complaints, GRMs create opportunities to resolve disputes before they escalate. GRMs can help the Bank and member countries improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability. “Percent of resolved registered grievances” is now a key performance indicator for the World Bank (see the World Bank Corporate Scorecard). 8. Product Portfolio and Audit Aspects from the Financial Sector Supplement – As a lending institution, World Bank stakeholders look to the institution to ensure policies and procedures are in place to assess and screen environmental and social risks in its lending portfolio. Corporate impact The most material aspects of the Bank’s internal operations include the following: 1. Staff are the Bank’s greatest asset—They bring a wide range of perspectives to bear on poverty reduction issues and emerging devel- opment challenges and are critical to the effectiveness of the Bank’s core operational and knowledge services. Staff related indicators are pulled from the following GRI aspect categories: economic performance, market presence, employment, occupational health and safety, training and education, diversity and equal opportunity, labor practices grievance mechanisms, and nondiscrimination. 2. We recognize that reducing the Bank’s 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 costs of day-to-day operations. Key aspects related to the Bank’s environmental footprint include the following: materials, energy, emissions, effluents and waste, and procurement practices (including supplier environmental assessment, supplier assessment for impacts on society, and supplier human rights assessment). Details are available in the online Sustainability Review, see: http://crinfo.worldbank.org Questions or comments about the GRI Index should be addressed to crinfo@worldbank.org 2 GRI Index Fiscal 2014 PROFILE STRATEGY AND ANALYSIS Indicator Description 2014 Response G4-1 Statement from the The President of the World Bank and the Bank’s Board of Executive Directors discuss the progress we have most senior decision maker made and the work ahead of us in this year’s annual report. Excerpts are included below. of the organization about the For the complete letter, see: Message from President and Board of Executive Directors [www.worldbank.org/ relevance of sustainability annualreport2014] to the organization and the organization’s strategy for addressing sustainability G4-2 Description of As a development institution, the World Bank works with its members to achieve equitable and sustainable key impacts, risks, and economic growth in their national economies and find solutions to pressing regional and global problems in opportunities economic development and in other important areas, such as environmental sustainability. Despite progress during the last decades, humanity still faces urgent and complex challenges. More than 1 billion people live in destitution, making extreme poverty a continuing priority. Against a backdrop of rising inequality and social exclusion in many countries, poverty remains an urgent challenge. The simple-sounding mission has proven to be a complex challenge with multiple dimensions requiring coordinated action from the entire international community on many policy fronts. Combining concern for greater equity with the need for growth will help to ensure that the bottom 40 percent of society will share in prosperity. We believe that the depth and breadth of the World Bank’s sectoral knowledge, along with its range of financial and technical assistance instruments, can help countries address these challenges. With this in mind, the World Bank has set two goals: (1) strive toward reducing the extreme poverty rate to no more than 3 percent in 2030 and (2) promote shared prosperity by fostering income growth of the bottom 40 percent of the population in every country. We endeavor to pursue both of these goals in an environmentally, socially, and fiscally sustainable way. A detailed discussion on significant economic, environmental, and social impacts of the World Bank and associated challenges and opportunities as we continue on the path to end poverty and boost shared prosper- ity is available in the World Bank Group Strategy. Unveiled at the 2013 Annual Meetings, the Strategy brings together for the first time the combined strength of the World Bank, IFC, and MIGA and places the collective institution in a position to become the “Solutions Bank with results for the poor as our central benchmark.” In addition, to ensure the availability of adequate resources that are aligned with the twin goals and its strategy, the World Bank Group is undertaking significant financial reforms that will increase its capacity to provide lending services to clients while strengthening its financial resilience. Performance for these goals includes more than one indicator. For more information on progress of these targets, see: http://corporatescorecard.worldbank.org/ For more information on lessons learned on poverty alleviation, see: http://www.worldbank.org/en/topic/poverty For more information on shared prosperity, see: http://www.worldbank.org/en/topic/growth For more information on sustainability, see: http://www.worldbank.org/en/topic/sustainabledevelopment Regarding governance, a Chief Risk Officer assists Bank management with identifying and managing Bank- wide crosscutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities, and improving deployment of capital. In addition, in fiscal 2014, a crosscutting management team was established to address risks and challenges across the Bank. The group meets biweekly. STRATEGY AND ANALYSIS Social risks and impacts in the investment projects the Bank finances are addressed through the proposed Environmental and Social Framework (currently being publicly consulted on as part of the update of the Bank’s safeguard policies). The proposed framework addresses the following: (1) threats to human security through the escalation of personal, communal or interstate conflict, crime, or violence; (2) risks that project impacts fall disproportionately on disadvantaged or vulnerable groups; (3) any prejudice or discrimination toward individuals or groups in providing access to development resources and project benefits, particularly in the case of disad- vantaged or vulnerable groups; (4) negative economic and social impacts relating to the involuntary taking of land or restriction on access to natural resources; (5) risks or impacts associated with land and natural resource tenure and use, including (as relevant) potential project impacts on local land-use patterns and tenurial arrange- ments, land access and availability, food security, and land values, and any corresponding risks related to conflict or contestation over land and natural resources; (6) impacts on the health, safety, and well-being of workers and project-affected communities; and (7) risks to cultural heritage. 3 GRI Index Fiscal 2014 PROFILE ORGANIZATIONAL PROFILE Indicator Description 2014 Response G4-4 Primary brands, The World Bank offers a wide range of solutions to meet development challenges, all designed to support gov- products, and services ernments in reducing poverty and boosting prosperity: • Innovative financing instruments and banking products for a variety of projects, sectors, and investors to support an array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource manage- ment. • Research, analysis, partnership coordination, and technical assistance services designed to share the best knowledge available to achieve development results underpins World Bank financing. For more information, see: http://www.worldbank.org/en/about/what-we-do G4-5 Location of Washington, DC, United States organization’s headquarters G4-6 Number of countries The World Bank is a global organization. IBRD works with 188 member countries and IDA with 173. The where the organization Bank has more than 130 country offices, and of these, 42 are more than 2,000 square meters. operates, and names of A complete list of locations can be found at http://www.worldbank.org/en/about/contacts countries where either the organization has significant operations or that are specifically relevant to the sustainability topics covered in the report (Organizational Profile) The World Bank is not a bank in the traditional sense; it is an independent, specialized UN agency. IBRD is G4-7 Nature of ownership governed by and works with its 188 member countries to achieve equitable and sustainable economic growth and legal form in their national economies and to find solutions to pressing regional and global problems in economic devel- opment and other important areas, such as environmental sustainability. IDA works with its 173 member countries. For full list of member countries, see: http://www.worldbank.org/en/about/leadership/members#1 The legal framework includes the Articles of Agreement signed by all country members, the By-laws, issued by the Board of Governors, and the Rules of Procedures for Meetings, issued by the Executive Directors. ORGANIZATIONAL PROFILE (Organizational Profile) The World Bank works globally to achieve equitable and sustainable economic growth in their national econ- G4-8 Markets served omies and to find solutions to the pressing regional and global problems in economic development. Its work is clustered in the following regions: Africa, Latin America and the Caribbean, Europe and Central Asia, East Asia and Pacific, South Asia, and the Middle East and North Africa. World Bank projects cover the following Global Practices: Agriculture; Education; Energy and Extractives; Environment and Natural Resources; Finance and Markets; Governance; Health; Nutrition; and Population; Macroeconomics and Fiscal Management; Poverty; Social Protection and Labor; Social, Urban, Rural, and Resilience; Trade and Competitiveness; Transport and ICT; and Water. 4 GRI Index Fiscal 2014 PROFILE (Organizational Profile) As of June 30, 2014, the World Bank employed 12,335 staff and 4,804 consultants who worked in Washington, G4-9 Scale of organization DC, and in more than 130 country offices worldwide. World Bank lending commitments for development support totaled more than $40.8 billion in fiscal 2014. New lending commitments by IBRD totaled $18.6 billion for 95 operations in fiscal 2014. This volume was higher than the precrisis historical average ($13.5 billion a year in fiscal 2005–08) and the $15.2 billion in fiscal 2013. As of June 30, 2014, net commitments in IBRD’s active portfolio stood at $98.3 billion. IBRD also offers financial products that allow clients to efficiently fund their development programs and manage risks related to currency, interest rates, commodity prices, and natural disasters. In fiscal 2014, the Bank’s Treasury executed U.S. dollar equivalent (USDeq) 4.3 billion in hedging transactions on behalf of member countries, including USDeq 2.7 billion in interest rate hedges, USDeq 1.1 billion in currency hedges, USDeq 52 million in hedges against non-IBRD obligations, and USDeq 547 million for disaster risk management. In fiscal 2014, net revenue for IBRD equaled $2.62 billion and for IDA equaled $3.16 billion. IBRD issues bonds in international capital markets and provides loans, guarantees, and other risk management products, as well as tech- nical assistance for economic reform projects and programs to middle-income countries and creditworthy low-in- come countries. In fiscal 2014, it raised US dollar equivalent USDeq 51 billion by issuing bonds in 22 currencies. IDA commitments amounted to $22.2 billion for 249 operations in fiscal 2014, including $18.5 billion in credits, $2.8 billion in grants, and $937 million in guarantees. As of June 30, 2014, net commitments in IDA’s active portfolio stood at $84.9 billion. 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 (IFC), and borrowers’ repayments of earlier IDA credits. In fiscal 2014, the 17th replenishment of resources for IDA (IDA17), which will cover fiscal years 2015–17, was concluded with a record financing envelope of USDeq $52.1 billion. IDA17 represents an increase over IDA16 (covering fiscal years 2012–14) of 5.7 percent in U.S. dollar terms. For more information, see: World Bank Annual Report, www.worldbank.org/annualreport2014 ORGANIZATIONAL PROFILE (Organizational Profile) Composed of some 12,335 full-time staff members of 172 nationalities who work across more than 130 coun- G4-10 Total number of tries, the World Bank’s workforce is a global one in every sense of the word. The richness of the backgrounds employees by employment and experience of Bank staff continues to be a hallmark of the products and services that clients seek. contract, region, broken The World Bank has a significant global footprint, with 40 percent of staff now working outside the United down by gender States. And 85 percent of the staff in country offices are locally hired, underscoring efforts to recruit local talent, whose skills help the Bank better understand, work more closely with, and provide faster service to partners in client countries. In terms of diversity, nationals of developing countries account for 61 percent of all staff and 41 percent of management positions. Women account for 52 percent of staff members and hold 38 percent of management positions. Sub-Saharan African and Caribbean nationals represent 15 percent of all staff and 12 percent of management positions. Thirty-eight percent of staff are located in country offices. There has only been a 2 percent increase in the number of employees since fiscal 2013 (12,058) and six percent since 2012. The Bank also employed about 4,033 consultants in fiscal 2014, a six percent increase over FTE consultants employed in 2013. A substantial portion of work at the World Bank is not conducted by self-employed workers (short term consultants), or by individuals other than employees or supervised workers. 2014 Salaried staff Number % of total Washington, DC 7,606 62% Female 4,189 34% Male 3,417 28% Country office 4,729 38% Female 2,187 18% Male 2,542 21% WB total salaried staff 12,335 Of which Female 6,376 52% Of which Male 5,959 48% Consultants (FTE globally) 4,033 5 GRI Index Fiscal 2014 PROFILE (Organizational Profile) Founded in 1972, the World Bank Group Staff Association (SA) is a member-supported organization that G4-11 Percentage of total works with Human Resources, senior management, line management, and the Executive Directors to repre- employees covered by col- sent and protect the rights and interests of all staff. The SA is not a union and does not engage in collective lective bargaining agree- bargaining. It does, however, serve a critical role by representing the rights of all Bank Group staff, as pro- ments vided in World Bank Group Staff Rule 10.01. It represents all (that is, 100 percent) of staff in its efforts; more than 10,000 World Bank Group staff are members of the Staff Association, and more than 80 country offices have established Country Office Staff Associations (COSAs). (Organizational Profile) As a service and financial institution, the World Bank does not produce or manufacture any products. The G4-12 The organization’s materials we use regularly in our offices include office supplies and electronics. As a development institution, supply chain the Bank-funded project procurement is carried out in accordance to the borrowing country’s laws and em- phasizes local sourcing, while meeting World Bank procurement standards. For more information, see: World Bank Procurement http://worldbank.org/procurement ORGANIZATIONAL PROFILE (Organizational Profile) In fiscal 2014, Romania joined IDA, increasing the number of its member countries to 173. G4-13 Significant changes For more information, see: http://www.worldbank.org/en/news/press-release/2014/04/12/romania-joins- during the reporting period world-bank-fund-for-the-poorest regarding the organization’s As of June 30, 2014, the World Bank sanctioned 101 entities, including affiliates and conditional nondebarred size, structure, ownership, or entities. Some of these sanctions were the result of settlements under which entities are debarred for an its supply chain agreed-upon period of time, with a mitigated sanction, and usually commit to implementing a compliance program. (Organizational Profile) The World Bank applies the precautionary approach through its safeguard policies. G4-14 Report whether The Bank’s environmental and social safeguard policies are a cornerstone of its support to sustainable poverty and how the precautionary reduction. The objectives of these policies are to prevent and mitigate harm to people and their environment approach or principle in the development process. These policies provide guidelines for Bank and borrower staff in the identifica- is addressed by the tion, preparation, and implementation of programs and projects. The effectiveness and development impact organization of projects and programs 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: Bank Safeguard Policies at http://worldbank.org/safeguard (Organizational Profile) The World Bank is committed to achieving the Millennium Development Goals (MDGs), which call for the G4-15 Externally developed elimination of poverty and the promotion of sustained development. The goals provide the Bank with targets economic, environmental, and yardsticks for measuring results. Presently, the World Bank is working closely with the member states and social charters, princi- to the UN through the Open-Working Group Process and the Economic and Social Council to support the ples, or other initiatives to formulation of the Sustainable Development Goals, the next generation of MDGs. The World Bank is also which the organization sub- an active member of the UN Environmental Management Group and the Multilateral Financial Institutions scribes or which it endorses Working Group on the Environment. As a UN-specialized agency, the World Bank also supports the mission of the United Nations and the multilateral agreements for which the Bank acts as an implementing agency, including the Global Environment Facility (GEF), the Multilateral Fund for the Montreal Protocol, and the Convention to Combat Desertification. These facilities have enabled the institution to become the largest funder of projects in support of the Convention on Biological Diversity Convention and the Stockholm Con- vention on Persistent Organic Pollutants (POPs). For more information on the MDGs and partners, see: http://www.un.org/millenniumgoals/ and http://www. worldbank.org/en/about/partners 6 GRI Index Fiscal 2014 PROFILE (Organizational Profile) The World Bank is not a member of industry or business associations or national or international advocacy G4-16 Memberships of as- organizations but is working with a wide range of partners across a broad spectrum of global issues, including sociations (such as industry financial inclusion, education, health, and climate change, in order to operate more effectively. associations) and national For more information, see: http://www.worldbank.org/en/about/partners or international advocacy organizations IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES Indicator Description 2014 Response (Identified Material Aspects The World Bank consists of the International Bank of Reconstruction and Development (IBRD) and the In- and Boundaries) ternational Development Association (IDA). The Report does not cover the other three agencies of the World G4-17 All entities included Bank Group: International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), in the organization’s and International Centre for Settlement of Investment Disputes (ICSID). These agencies publish separate consolidated financial annual reports. statements or equivalent For more about the World Bank and its sister agencies, see: http://www.worldbank.org/en/about documents IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES (Identified Material Aspects The topics deemed relevant for disclosure were identified by assessing annual corporate priorities outlined and Boundaries) by the institutions’ Boards and President, considering stakeholder input, as well as ascertaining sustainability G4-18 The process for impacts of carrying out the mission and vision. Stakeholder feedback is gained through three key channels: the defining the report content Country Opinion Survey, civil society feedback, and queries from investor research groups. To determine if a and the Aspect Boundaries Global Reporting Initiative (GRI) aspect is material for the World Bank to report on, an assessment is carried How the organization has out based on the potential impact on the Bank’s business and sustainability impacts stemming from its business. implemented the Report- The business case category evaluates potential reputational risks to the organization, the importance to stake- ing Principles for Defining holders (based on the above sources), and the linkages with the Bank’s mission and goals. The sustainability Report Content impact refers to environmental and social criteria, as outlined by the Natural Step, namely—material extracted from earth’s crust; 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 sus- tainable 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 informa- tion 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. For more information, see: http://crinfo.worldbank.org/wbcrinfo/node/297 7 GRI Index Fiscal 2014 PROFILE (Identified Material Aspects Material aspects are listed in the introduction of this index as well as in the 2014 Sustainability Review. and Boundaries) For more information, see: http://crinfo.worldbank.org/wbcrinfo/node/297 G4-19 All the material aspects identified in the Materiality process for defining report Aspect score Boundary content Economic 1 Economic Performance 6 Both 2 Market Presence 4 Corporate 3 Indirect Economic Impacts 6 Operational 4 Procurement Practices 4 Corporate Environmental 5 Materials 4 Corporate 6 Energy 4 Corporate 7 Biodiversity 6 Operational 8 Emissions 4 Corporate 9 Effluents and Waste 5 Corporate 10 Supplier Environmental Assessment 4 Corporate 11 Environmental Grievance Mechanisms 5 Operational Social: Labor Practices and Decent Work 12 Employment 4 Corporate 13 Occupational Health and Safety 4 Corporate 14 Training and Education 4 Corporate 15 Diversity and Equal Opportunity 4 Corporate 16 Labor Practices Grievance Mechanisms 4 Corporate Social: Human Rights 17 Investment 4 Operational 18 Non-Discrimination 4 Corporate 19 Child Labor 4 Operational 20 Indigenous Rights 4 Operational 21 Human Rights Grievance Mechanisms 4 Operational Social: Society 22 Local Communities 4 Operational 23 Anti-Corruption 4 Operational 24 Grievance Mechanisms for Impacts On Society 4 Operational Financial Sector Supplement 25 Product Portfolio 6 Operational 26 Audit 5 Operational (Identified Material Aspects Aspect boundaries are provided in the table in G4-19, and described in detail in the 2014 Sustainability and Boundaries) Review. G4-20 For each material For more information, see: http://crinfo.worldbank.org/wbcrinfo/node/297 aspect, the Aspect Boundary within the organization 8 GRI Index Fiscal 2014 PROFILE (Identified Material Aspects Aspect boundaries outside of the organization are provided in the table in G4-19, and described in detail in and Boundaries) the 2014 Sustainability Review. G4-21 For each material For more information, see: http://crinfo.worldbank.org/wbcrinfo/node/297 aspect, the Aspect Boundary outside the organization (Identified Material Aspects There are slight changes to our GHG emissions from fiscal 2012, based on improvements undertaken during and Boundaries) a recent third party assurance. These included updating emission factors to meet current standards and G4-22 The effect of any adjusting to IPCC’s Fourth Assessment Report values for global warming potentials of methane (25) and restatements of information nitrous oxide (298). provided in previous reports and the reasons for such restatements (Identified Material Aspects There are no changes from previous reporting periods in the Scope and Aspect Boundaries. and Boundaries) G4-23 Significant changes from previous reporting periods in the Scope and Aspect Boundaries STAKEHOLDER ENGAGEMENT Indicator Description 2014 Response (Stakeholder Engagement) As a global citizen and a global employer, the World Bank consults and collaborates with thousands of stake- G4-24 Stakeholder groups holders throughout the world. We group the stakeholders into two main categories: internal and external. engaged by the organization Internal stakeholders include the Bank’s owners (shareholder governments) and employees (internal staff). External stakeholders include civil society, foundations, citizens impacted by projects, private sector (includ- ing socially responsible investors), partnering agencies, and international, national, and local media. STAKEHOLDER ENGAGEMENT (Stakeholder Engagement) In the context of World Bank–supported activities, stakeholders are considered those who are affected, G4-25 The basis for whether positively or negatively, by a proposed intervention. Who the stakeholders are for any given project identification and selection or issue depends on the situation. Getting the necessary stakeholders involved is essential, but it is not always of stakeholders with whom easy, because our stakeholders range from donor and client governments to the poorest and most marginal- to engage ized communities. For civil society, for instance, the World Bank generally engages networks or associations of civil society orga- nizations (CSOs) to ascertain their views on the Bank’s country strategies, programs, and projects. 9 GRI Index Fiscal 2014 PROFILE (Stakeholder Engagement) For member governments, the approach to engagement is built into the management structures. Each G4-26 The organization’s autumn and spring, the Boards of Governors of the World Bank Group and International Monetary Fund approach to stakeholder (IMF) hold Annual and Spring Meetings to discuss a range of issues related to poverty reduction, internation- engagement, including al economic development, and finance. The Annual Meetings provide a forum for international cooperation frequency of engagement and enable the Bank Group and Fund to better serve their member countries. In addition to the meetings by type and by stakeholder of the Boards of Governors, the Development Committee is convened to advise the Boards of Governors on group, and an indication issues of global concern, including the world economic outlook, poverty eradication, economic development, of whether any of the and aid effectiveness. engagement was undertaken The Development Committee Communique is used as part of the Sustainability Report preparation. specifically as part of the For employees, staff surveys are utilized to engage staff. In November 2013, a World Bank Group Employee report preparation process Engagement Survey was conducted to measure staff ’s views on a variety of key areas—from leadership to career development to the work environment. For civil society, engagement ranges from focus groups to community panels and invitation to participate in the Annual Meetings. At the global and regional levels, civil society organizations (CSOs) have been formally consulted on the major policies introduced or updated by World Bank staff in recent years in such areas as access to information, social accountability, and environmental and social safeguards. Consultations have also become standard based on such reports as the annual World Development Report (WDR) and evaluations carried out by the Independent Evaluation Group (IEG). At the country level, the World Bank consults with a broad spectrum of CSOs on Country Assistance Strategy (CAS), sector studies, and individual Bank-funded development projects. Often these consultations are multistakeholder and involve CSOs, governments, busi- nesses, and other donor agencies. The Bank also introduced the Citizens Engagement Strategic Framework, which will promote beneficiary feedback on 100 percent of Bank-financed projects, Systematic Country Diagnostics (SCDs), and Country Partnership Frameworks (CPFs). The views of civil society are taken into account in preparing the Sustainability Review. For more information, see: http://worldbank.org/civilsociety Stakeholder consultations are also utilized to engage citizens. Consultation methods and formats vary de- pending on the scope of the Bank’s proposed engagement (local, national, regional, or global), the purpose of the engagement, the nature of the issues being discussed, and the parties and stakeholders interested in influencing the outcome of the process. For more information, see: http://consultations.worldbank.org/ Environmental, social, governance (ESG) investor community: formal and informal engagements are utilized to better work with ESG investor community. The views of ESG research firms are taken into account in preparation of the Sustainability Review. STAKEHOLDER ENGAGEMENT Regarding partnering agencies, the World Bank works with other international institutions and donors to im- prove the coordination of aid policies and practices in countries at the regional and global level. Consultation methods and formats vary depending on the scope of the Bank’s proposed engagement. For more informa- tion, see http://www.worldbank.org/en/about/partners The World Bank actively engages local, national, and international media. On a daily basis, the Bank ap- proaches media to cover major report launches, corporate priority campaigns, and messages, including events involving the President. We use opportunities, such as the Spring Meetings and the Annual Meetings, to drive messaging about our twin goals. We hold media roundtables with senior management to update and keep journalists informed about the Bank’s organizational changes. We approach traditional media outlets (via interviews and op-eds) and actively use social media to promote issues that need to be addressed to achieve those goals, such as major reports on climate change. We also respond to all media queries and interview requests to help the media better understand the Bank and what it does. In addition, we manage the Bank’s reputation, by working with reporters to clarify Bank priorities and activities, providing them with our views so they can write a balanced or well-represented article. Press releases, speeches, transcripts, and feature stories from the Bank can be found on the main home page, http://worldbank.org, or on our news site, http:// worldbank.org/en/news. The key topics in fiscal 2014 were reiterating the World Bank’s twin goals—reducing extreme poverty and sharing prosperity—and how we were going to do that, which involved the Bank’s organi- zational change and combating specific issues, such as climate change, gender equality, energy, safeguards, and health, among others. 10 GRI Index Fiscal 2014 PROFILE (Stakeholder Engagement) Since stakeholder groups raise concerns in various venues and formats, these concerns cannot be summa- G4-27 Key topics and rized in this report; however the following links will provide more information: concerns that have been 1. For concerns raised in particular projects by citizens, media, and CSOs, please see individual project docu- raised through stakeholder ments: http://www.worldbank.org/projects engagement, and how the 2. For concerns raised during consultations citizens, media, and CSOs, please see http://consultations.world- organization has responded bank.org to those key topics and 3. For concerns raised by civil society, please see http://worldbank.org/civilsociety concerns, including through its reporting Staff concerns are not disclosed because of confidentiality. REPORT PROFILE Indicator Description 2014 Response (Report Profile) The 2014 Sustainability Review and GRI Index covers fiscal 2014, which extends from July 1, 2013 to June 30, G4-28 Reporting period 2014. (such as fiscal or calendar year) for information provided (Report Profile) The last Sustainability Review was made available in October 2013, see: http://crinfo.worldbank.org/wbcrin- G4-29 Date of most recent fo/node/30 previous report (if any) (Report Profile) The World Bank annually updates its GRI Index. The World Bank is currently reviewing its institutional flag- G4-30 Reporting cycle ship reports and may make changes to the reporting cycle. (such as annual, biennial) REPORT PROFILE (Report Profile) For more information, contact the Corporate Responsibility Program via email: crinfo@worldbank.org G4-31 The contact point for questions regarding the report or its contents (Report Profile) This Sustainability Review has been reported in accordance to the GRI guidelines: core option. For details on G4-32 The ‘in accordance’ materiality, the complete GRI Index, and External Assurance Report, see http://crinfo.worldbank.org option the organization has chosen (Report Profile) The World Bank has not set a policy on gaining external assurance for its Sustainability Review. In practice, G4-33 The organization’s limited assurance is carried out for the Bank’s corporate carbon emissions data biennially. The carbon inven- policy and current practice tory is also assured every year by the IFC Annual Report auditors with regard to seeking In fiscal 2013, limited assurance was carried out for the following indicators: G4-EN4, G4-EN5, G4-EN6, external assurance for the G4-EN8, G4-EN12, G4-EN15, G4-EN16, G4-EN17, G4-EN18, G4-EN19, G4-EN20, G4-EN23, G4-EN31, report G4-EN32, and G4-EN34. For more information on the assurance letter, see: http://crinfo.worldbank.org/ wbcrinfo/node/45 11 GRI Index Fiscal 2014 PROFILE GOVERNANCE Indicator Description 2014 Response (Governance) The World Bank is a development institution in which its 188 member countries are shareholders. The Bank G4-34 The governance works with its members to achieve equitable and sustainable economic growth in their national econo- structure of the mies and find solutions to pressing regional and global problems in economic development and in other organization, including important areas, such as environmental sustainability. It pursues its overriding goal to overcome poverty committees of the highest and improve standards of living primarily by providing loans, risk management products, and expertise on governance body. Any development-related disciplines and by coordinating responses to regional and global challenges. Mem- committees responsible ber countries govern the World Bank Group through the Boards of Governors and the Board of Executive for decision making on Directors (EDs). The Boards of Governors consist of one governor and one alternate governor appointed by economic, environmental, each member country. The office is usually held by the country’s minister of finance, governor of its central and social impacts bank, or a senior official of similar rank. The governors and alternates serve for terms of five years and can be reappointed. The Boards of Governors and the Board of Executive Directors make all major decisions for the organizations, including policy, financial, or membership issues. In addition to representing their own countries and others they are elected to represent, each ED also serves on one or more of five standing com- mittees: Audit Committee, Budget Committee, Committee on Development Effectiveness (CODE), Human Resources Committee, and Committee on Governance and Executive Directors’ Administrative Matters. The committees help the Board execute its oversight responsibilities through in-depth examinations of policies and practices. These committees assist the Board in overseeing and making decisions about the World Bank Group’s policies and procedures, financial condition, risk-management and assessment processes, adequacy of governance and controls, and effectiveness of development and poverty reduction activities. In addition, an ethics committee provides guidance on matters covered by the code of conduct for board officials. These committees function independent of all World Bank executive officers. For more information, see: World Bank’s Governance structure ETHICS AND INTEGRITY Indicator Description 2014 Response (Ethics and Integrity) The World Bank’s mission is to fight poverty with passion and professionalism for lasting results. Two goals— G4-56 The organization’s ending extreme poverty and promoting shared prosperity—guide our mission. In order to achieve the two goals values, principles, standards, for the welfare of future generations, we look to promote environmental and social sustainability at the country and norms of behavior, such and global levels, and to pursue a fiscally responsible development path. We seek to help people help themselves as codes of conduct and and their environment by providing resources, sharing knowledge, building capacity, and forging partnerships codes of ethics in the public and private sectors. We aim to be an excellent institution able to attract, excite, and nurture diverse and committed staff with exceptional skills who know how to listen and learn. Our core values are the following: personal honesty, integrity, and commitment; working together in teams—with openness and trust; empowering others and respecting differences; encouraging risk-taking and responsibility; and enjoying our work and our families. For more information on World Bank’s code of conduct and what we do, see: http://worldbank.org/ethics (Ethics and Integrity) The World Bank Group Office of Ethics and Business Conduct (EBC) promotes the development and application G4-57 Internal and external of high ethical standards by staff members in the performance of their duties. It ensures that staff members under- mechanisms for seeking stand their ethical obligations to the World Bank as embodied in its Core Values and the various rules, policies, advice on ethical and lawful and guidelines under which they operate. The office is accessible to all staff members, their families, and World behavior, and matters related Bank Group clients and vendors. It can be contacted anonymously through the Ethics Helpline (ethics_helpline@ to organizational integrity, worldbank.org), anytime, anywhere. In addition, the Integrity Vice Presidency also proactively advises operational such as helplines or advice staff on preventing fraud and corruption in operations. Within the department, prevention and forensic account- lines ing specialists advise task teams on how to mitigate operational vulnerabilities to fraud and corruption, in both the design and implementation phases of projects. Stakeholders can report fraud and corruption in Bank-financed projects via the INT hotline (investigations_hotline@worldbank.org or 1-800-831-0463). For more about addressing staff concerns, see: Office of Ethics and Business Conduct [http://worldbank.org/ ethics] 12 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – CATEGORY: ECONOMIC ASPECT: ECONOMIC PERFORMANCE (Aspect: Economic The World Bank is a vital source of financial and technical assistance to developing countries around the Performance) world. The World Bank’s lending is aimed at different groups of countries: IBRD strives to reduce poverty in Management Approach middle-income and creditworthy poorer countries through loans, guarantees, risk management products, and analytical and advisory services. Its sister organization, IDA, offers below-market-rate financing to the world’s poorest countries, primarily through credits and grants. IBRD funds itself through high-quality World Bank bonds offered in the international capital markets. IDA’s funding is predominantly from contributions by donor countries, including OECD countries and, increas- ingly, middle-income nations. The World Bank’s 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 management and the Board on progress made and areas that need attention. Aspects of financial strength are measured under the Score- card’s Tier III, which reviews the overall success of Bank activities in achieving their development goals and examines the effectiveness of Bank operations, including the performance of its lending portfolio. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Economic World Bank loans are made to borrowing member countries and are typically Full Performance) accompanied by nonlending services to ensure more-effective use of funds. G4-EC1 Direct economic For information about economic value generated and distributed by the value generated and operations of the World Bank, please see the most recent Annual Report and distributed Financial Statements, see www.worldbank.org/annualreport2014 (Aspect: Economic Under the leadership of President Jim Yong Kim, the World Bank has placed Full Performance) climate change at the center of its work. The Bank is scaling up mitigation, G4-EC2 Financial adaptation, and disaster risk management work; we will look at all aspects of implications and other risks our business through a climate lens. These efforts build on the 2008 Strategic and opportunities for the Framework on Development and Climate Change, increasing demands for organization’s activities due to support by clients to enable climate-resilient and low-carbon development, climate change and a full recognition that the World Bank Group’s twin goals of eradicating poverty and ensuring shared prosperity by 2030 cannot be met if climate chal- lenge is not addressed effectively. The World Bank Group Climate Vice Presidency, established in January 2014, is working to leverage both public and private sources of climate finance to support climate-smart policies and investments, and to help countries and businesses adapt to a changing climate. The report, "Turn Down the Heat: Why a 4°C Warmer World Must Be Avoid- ed," was prepared for the World Bank by the Potsdam Institute for Climate Impact Research in 2012. It says that the world is on a path to a 4°C (7.2°F) warming by the end of this century and provides a clear picture of the devas- tating impacts on agriculture, water resources, ecosystems, and human health. It concludes that while every region will be affected, those least able to adapt— the poor and most vulnerable—will be hit hardest. A follow-up report in 2013, which focused on impacts of climate change on Sub-Saharan Africa, South Asia, and Southeast Asia, shows that if the world warms by 2°C (3.6°F)— warming that may be reached in 20 to 30 years—there will be widespread food shortages, unprecedented heat waves, and more intense storms. The 2014 report, “Climate Smart Development: Adding up the Benefits of Ac- tions that Help Build Prosperity, End Poverty, and Combat Climate Change,” which the World Bank produced in collaboration with the ClimateWorks Foundation, showed the opportunities created by climate mitigation action: climate-smart policies in key sectors aimed at keeping the world under the 2°C threshold could contribute to increasing global gross domestic product (GDP) by $1.8 trillion to $2.6 trillion by 2030. 13 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – CATEGORY: ECONOMIC The World Bank study, “Economics of Adaptation to Climate Change,” found in 2010 that to adapt to a 2°C warmer world, developing countries will need between $75 to $100 billion per year over the next 40 years to build resilience to these changes, and mitigation costs are expected to be in the range of $140 to $175 billion per year by 2030. Analysis from the Climate Policy Initiative found that global climate finance flows plateaued at $359 billion in 2012, with developing countries receiving about $182 billion. The Bank is looking at its business through a climate lens. Systems have been developed to track climate co-benefits linked to financing across the Bank’s portfolio. On July 1, 2013, the Bank began conducting greenhouse gas (GHG) accounting for all energy and forestry investment lending projects that have agreed methodologies and accounting tools. Roll out will begin in the agriculture and transport sectors in fiscal 2015, and in other sectors by fiscal 2016. The Bank’s approach to GHG accounting is aligned with other multilateral development banks, as formalized in the “Inter- national Financial Institution Framework for a Harmonized Approach to Greenhouse Gas Accounting.” As of July 1, 2014, climate and disaster-risk screening tools have been rolled out for IDA17 operations. The tools support early-stage screening for climate and disaster risks. In fiscal 2013, the World Bank continued supporting integration of climate and disaster risk into development plans and investments for a total of 18 countries, of which 17 are IDA countries. The Bank supports its climate change–related efforts on the basis of a combination of annual core budgets, IBRD/IDA investments, and dedicated trust funds financed by a combination of donor countries. The tracking of climate cobenefits within the World Bank’s portfolio (IBRD/ IDA) showed for fiscal 2013 a total of $4.1 billion in lending with mitigation cobenefits, and $2.9 billion in adaptation benefits. Overall, World Bank lending has contracted since fiscal 2010, and the share of climate-related commitments is decreasing from its fiscal 2012 record. Funding for adapta- tion cobenefits accounts for 9 percent of fiscal 2013 lending commitments (13 percent in fiscal 2012) and 13 percent for mitigation cobenefits (20 percent in fiscal 2012). Funding for mitigation from external resources grew $23 million to $974 million in fiscal 2013, while funding for adaptation from external resources dropped $48 million to $221 million. The World Bank Treasury is the world’s largest issuer of Green Bonds, which include support for such climate-related investments as improved energy ef- ficiency and renewable energy. In total, Green Bond issues to date are about $6.3 billion in 17 currencies. For additional information about the Bank’s work on climate change, as well as the Strategic Framework for Development and Climate Change (SFDCC) completion report see: http://worldbank.org/climatechange. The Bank’s response to the Carbon Disclosure Project (CDP), can be found at: http://cdp.net. 14 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – CATEGORY: ECONOMIC Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Economic As of June 30, 2014, the value of accrued pension liabilities for IBRD/IDA Full Performance) was $15.8 billion, supported by assets held in trust of $14.9 billion. Plan assets G4-EC3 Coverage of the are measured at fair value and apportioned between participating employers. organization’s defined benefit Liabilities have been calculated in accordance with the relevant U.S. accounting plan obligations standard (ASC 715). The funded ratio (asset over liabilities) was 94 percent as of June 30, 2014. Assets are evaluated at their fair value and liabilities are measured as the Projected Benefit Obligation, discounted with high quality corporate bonds rates. The two amounts are estimated in full compliance with the U.S ac- counting standard (ASC 715). The World Bank offers its staff defined benefit plans. The Bank has established a Retirement Trust. As per the terms of the Staff Retirement Plan, all contribu- tions, assets, property, funds, and income of the Staff Retirement Plan shall be transferred to the Retirement Trust and shall be held, administered, and main- tained separately from the Bank other property and assets, solely to provide the benefits and pay the expenses of the Staff Retirement Plan. Participants of the gross plan (closed plan) contribute 7 percent of the pensionable gross salary. Participants of the net plan (open to new entrants) contribute 5 percent of their net salary to the mandatory cash balance com- ponent. Furthermore, the participant may choose to contribute an additional 15 percent of net salary to the voluntary savings component, subject to certain limitations. The employer contribution is based on a specified funding meth- odology and varies from year to year in response to changes in plan financial position. Participation in the pension plan is mandatory. The only optional component is the voluntary savings component of the net plan, in which approximately 20 percent of eligible members participate. (Aspect: Economic World Bank member countries, or shareholders, are represented by a Board Full Performance) of Governors, who are the ultimate policy makers at the World Bank. Gener- G4-EC4 Financial assistance ally, the Governors are member countries’ ministers of finance or ministers of received from government development. They meet once 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. Member contributions: IBRD has a diversified shareholder base that supports IBRD’s financial strength through both paid-in and callable capital. Callable capital can only be used in order to satisfy debt holder claims. Members are responsible for the full amount of their callable capital subscriptions, regard- less of others’ ability to fulfill their obligations. Trust funds: Accounted for separately from the Bank’s own resources, trust funds are financial and administrative arrangements with an external do- nor that lead to grant funding of high priority development needs, such as technical assistance, advisory services, debt relief, post-conflict transition, and cofinancing. Taxes: As an organization established by international treaty, the World Bank receives tax exempt status from its member countries. Capital contributed by country can be found in the IBRD Statement of Sub- scriptions to Capital Stock and Voting Power Statement and IDA Statement of Voting Power and Subscriptions and Contributions. For more information, see: http://go.worldbank.org/VKVDQDUC10 15 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – CATEGORY: ECONOMIC ASPECT: INDIRECT ECONOMIC IMPACTS (Aspect: Indirect Economic The World Bank is a vital source of financial and technical assistance to developing countries around the Impacts) world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support Management Approach development. We support a wide array of investments in such areas as education, health, public administra- tion, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The Bank has established ambitious, but achievable goals to galvanize international and national efforts. The goals are to be achieved by 2030: • End extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3 percent • Promote shared prosperity by fostering the income growth of the bottom 40 percent for every country The World Bank Group Corporate Scorecard measures the progress on these goals. The Scorecard’s Results tier reports on the key sectoral and multisectoral results achieved by our clients with our support. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Indirect Economic The World Bank’s largest business line is helping countries meet infrastructure Full Impacts) needs in transportation, water, energy, and information and communications G4-EC7 Development and technology, which at $19 billion, comprised 47 percent of the total assistance impact of infrastructure to client countries in fiscal 2014. investments and services For further information about the portfolio of infrastructure projects financed supported by the World Bank, see: http://worldbank.org/infrastructure (Aspect: Indirect Economic The World Bank works with its borrowing member countries to achieve equi- Full Impacts) table and sustainable economic growth in their national economies and to find G4-EC8 Significant indirect solutions to pressing regional and global problems in economic development economic impacts, including and in other important areas, such as environmental sustainability. The Bank the extent of impacts pursues its principal goals of overcoming poverty and improving standards of living primarily by providing loans, risk management products, and expertise on development-related disciplines and by coordinating responses to regional and global challenges. Our financial resources are significant, but they are finite. Our knowledge is also a valuable commodity. The more this knowledge is shared, and the more new ideas germinate, the greater the potential for delivering solutions to the challenging and intractable development problems, leading to greater im- provement. The Bank’s scale, range, and diversity lie at the core of its specialized role as a key contributor to global development knowledge. The interaction of the Bank’s broad knowledge base with lending operations is unique. For a quick summary of the World Bank Group’s impacts, see Pg. 6 of the Annual Report. For breakdown of the Bank’s fiscal 2014 portfolio by theme, sector, and region, see “The Roles of IBRD and IDA” in the Annual Report pp.54–59 www.worldbank.org/annualreport2014 With the 2015 deadline for the Millennium Development Goals (MDGs) looming, the World Bank in fiscal 2014 continued accelerating efforts to help countries achieve the goals. Simultaneously, the World Bank is working closely with the member states of the UN to support the formulation of the Sustain- able Development Goals, the next generation of MDGs. 16 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – CATEGORY: ENVIRONMENTAL ASPECT: BIODIVERSITY (Aspect: Biodiversity) Countries rely on healthy ecosystems and biodiversity to survive, grow enough food, and make a living. But Management Approach the world is experiencing a dramatic loss of biodiversity, negatively affecting livelihoods, clean water supply, food security, and resilience to environmental disasters. This situation particularly affects the 75 percent of the world’s poor who live in rural areas and often rely on ecosystems to make a living. The World Bank works with countries around the world to conserve and sustainably use biodiversity. With a portfolio of 245 projects worth $1.058 billion in the 10 years from fiscal 2004 to 2013, the World Bank is one of the largest internation- al financiers of biodiversity conservation and sustainable use. The World Bank helps countries to put policies in place so that biodiversity is valued as a key driver of sustainable development. The Bank works with clients to improve their administration to better conserve and sustainably use their biodiversity. We invest in those aspects of biodiversity services—such as watershed management and protected areas—that help countries achieve their development goals. We also help coun- tries find ways to generate revenues from biodiversity—such as tourism income. And we assist countries with fighting wildlife crime. Our biodiversity projects range from establishing and strengthening terrestrial, freshwater, and marine protected areas, to eradicating invasive alien species to improving biodiversity man- agement planning in the production landscape. The World Bank does not support projects that involve the significant conversion or degradation of critical natural habitats. Wherever feasible, Bank-financed projects are sited on already converted lands. The Bank does not support projects involving the significant conversion of natural habitats unless there are no feasible alternatives for the project and its siting, and comprehensive analysis demonstrates that overall benefits from the project substantially outweigh the environmental costs. If the environmental assessment indicates that a project would significantly convert or degrade natural habitats, the project includes mitigation measures, including minimizing habitat loss and establishing and maintaining an ecologically similar protected area. In deciding whether to support a project with potential adverse impacts on a natural habitat, the Bank takes into account the borrower’s ability to implement the appropriate conservation and mitigation measures. A 2010 review of the Bank’s safeguard policies regime by the Independent Evaluation Group found that 11 percent of projects triggered Operational Policy 4.04 on Natural Habitats. Among these, the policy was satisfactory in 72 percent of cases. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Biodiversity) The World Bank supports the protection, maintenance, and rehabilitation of Full G4-EN13 Habitats protected natural habitats and their functions in its economic and sector work, project or restored financing, and policy dialogue. The overall Bank biodiversity portfolio of 245 projects in the 10 years from fiscal 2004 to 2013 included direct biodiversity commitments worth more than $1.06 billion. Of this, 27 percent came from Global Environment Facility (GEF) funds, while 69 percent came from IBRD/IDA. These projects have taken place in 74 countries in all six of the Bank’s regions. Most projects were in the Africa and Latin America and Caribbean regions, which between them accounted for more than two thirds of biodiversity projects. In fiscal 2014, the Bank approved 18 new operations in 17 countries and four regional projects with a combined commitment amount for biodiversity of more than $120 million. Bank projects with natural habitat components include appropriate environ- mental expertise for project preparation, appraisal, and supervision arrange- ments to ensure adequate design and implementation of mitigation measures. Global and regional partnerships play an important role in promoting biodi- versity conservation. Some of the key partnerships are as follows: 17 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – CATEGORY: ENVIRONMENTAL CATEGORY: ENVIRONMENTAL • The Critical Ecosystems Partnership Fund (CEPF) has brought together the governments of France and Japan with the MacArthur Foundation, the European Commission, and Conservation International, and awarded grants to more than 1,600 civil society organizations to reduce threats to 21 critically endangered hotspots. The Global Tiger Initiative launched in 2008 has helped strengthen political ownership by the 13 tiger countries of their endangered tiger populations. • The Save our Species (SOS) Program seeks to leverage private sector engagement and funding for threatened species and has provided support to 75 species across 34 countries to date. • The International Consortium on Combating Wildlife Crime is a collabo- rative effort of five intergovernmental organizations to bring coordinated support to national wildlife law enforcement agencies and subregional networks. For more information on the status of the 245 projects, see: http://www.world- bank.org/en/results/2013/04/09/biodiversity-sector-results-profile All figures are based on internal systems that track official lending and grant amounts. ASPECT: ENVIRONMENTAL GRIEVANCE MECHANISMS (Aspect: Environmental The World Bank’s mission is sustainable poverty reduction. Poverty, as the Bank recognizes it, encompasses Grievance Mechanisms) lack of opportunities (including capabilities), lack of voice and representation, and vulnerability to shocks. Management Approach The Bank significantly promotes human rights through its projects, for example, improving poor people’s access to health services, education, food, and water. Moreover, the Bank promotes the participation of In- digenous Peoples in decision making, helps strengthen the accountability and transparency of governments to their citizens, and supports justice reform and fighting corruption. Although development projects are intended to bring about positive change, their implementation involves risks and people or the environment can be harmed. The Bank has policies to help avoid such outcomes, but some problems may remain unrec- ognized or unaddressed. In such circumstances, one way for concerns to receive attention is for the citizens themselves to speak out. Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. GRMs create opportunities to resolve disputes before they escalate by offering a channel for citizens to express concerns, comments, and complaints. Beyond their benefits to citizens, GRMs can help the Bank and client improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability. Environmen- tal and social standards now lead the Bank’s corporate work on grievance redress, with the goal of imple- menting a consistent and systematic approach to grievance redress, handling of complaints, and conflict resolution across all IBRD/IDA operations. The Bank deals with grievance redress on a voluntary, demand-driven basis; the work supports a number of the Bank’s major initiatives, in particular, work on risk, results, and beneficiary feedback. The “Global Review of Grievance Redress Mechanisms” found that half of all Bank projects feature a grievance redress mechanism (GRM) in project design documents. However new research shows imple- mentation challenges. A major focus for the Bank in the future will be to further integrate grievance redress in all projects, increase support for implementation, and enhance collection and monitoring of grievances received and resolved across the project’s portfolio. 18 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – CATEGORY: ENVIRONMENTAL Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Environmental In fiscal 2013, 75 percent of registered grievances were resolved. This is a new Partial Grievance Mechanisms) indicator in the World Bank Corporate Scorecard: it indicates percentage of G4-EN34 Number grievances related to delivery of project benefits that were registered and that of grievances about were actually resolved. The baseline is calculated from a survey of projects environmental impacts filed, approved in fiscal 2012 that committed to having a grievance redress mecha- addressed, and resolved nism in either the Project Appraisal Document (PAD), Resettlement Action through formal grievance Plan (RAP)/Resettlement Policy Framework (RPF), or Indigenous Peoples mechanisms Plan (IPP), excluding Development Policy Operation, Financial Intermediary Financing, and trust funds of less than $5 million. The baseline data are based on data from 77 percent of applicable operations that responded to the survey. OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: HUMAN RIGHTS ASPECT: HUMAN RIGHTS INVESTMENT (Aspect: Human Rights Although the World Bank policies, programs, and projects generally do not expressly incorporate human rights, Investment) the Bank significantly promotes human rights in a range of areas: from improving poor people’s access to health Management Approach services, education, food, and water, to promoting the participation of Indigenous Peoples in decision making to strengthening the accountability and transparency of governments to their citizens, and to supporting justice reform and fighting corruption. Thus, the Bank’s role is facilitative, helping its members realize their human rights obligations. For all projects that are proposed for Bank financing, the Bank screens each one to determine the appropriate extent and type of environmental and social analysis to be undertaken during project preparation and whether the project may involve the use or application of other safeguard policies. Policies that may be triggered include the following: OP/BP 4.01, Environmental Assessment; OP/BP 4.04, Natural Habitats; OP 4.09, Pest Manage- ment; 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 important dimensions of its poverty reduction, economic growth, human well-being, and develop- ment 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 The Bank classifies the proposed project into one of four categories (A, B, C, and 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 general advice. Depending on the type of project and its safeguard policy category, the Bank project design incorporates into project development such issues as public consultation, environmental and social assessment social action plans, Indigenous Peoples’ action plans, and resettlement frameworks and action plans. The compliance forms part of the legal agreements for grants and loans. Regarding monitoring and evaluation, the World Bank launched a two-year process in October 2012 to review and update its current environmental and social safeguard policies. The safeguard policies contribute to sustainability and development effectiveness in Bank projects and programs by helping to avoid or mitigate harm to people and the environment. This review and update will better align the policies with the changing needs and aspirations of borrowers, the external context, and the business of the Bank. The review is current- ly in its second phase. Updates are available online: http://consultations.worldbank.org/consultation/review- and-update-world-bank-safeguard-policies 19 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: HUMAN RIGHTS Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Human Rights All proposed projects (100 percent of them) were appraised in accordance to Partial Investment) requirements enshrined in its policies to protect humans and the environment G4-HR1 Total number and potentially affected by Bank-supported projects. percentage of significant The Bank screens each proposed project to determine the appropriate extent investment agreements and type of environmental and social analysis to be undertaken during project and contracts that include preparation and whether the project may involve the use or application of human rights clauses or that other safeguard policies. underwent human rights screening (Aspect: Human Rights World Bank environmental and social safeguard policies are a cornerstone of Full Investment) our support to sustainable development and poverty reduction. The objective G4-HR2 Total hours of of these policies is to prevent and mitigate undue harm to people and their en- employee training on human vironment in the development process. In fiscal 2014, 180 hours (30 sessions) rights policies or procedures were delivered on Bank safeguard policies to 10 percent of Bank staff (750 staff concerning aspects of human members) in Washington, DC. In fiscal 2013, 156 hours (26 sessions) of train- rights that are relevant to ings were delivered to 632 staff. In addition, various regional offices hosted operations, including the training workshops (which are not included in the total). percentage of employees In addition, the World Bank launched in 2009 a knowledge and learning trained program for World Bank Staff—the Nordic Trust Fund—on human rights with the objective to help staff better understand how human rights relate to the Bank’s core work and mission. The Nordic Trust Fund, a multiyear and mul- tidonor trust fund, supports knowledge and learning activities. The program offers Bank staff learning events that share knowledge about how human rights relate to the Bank’s analytical and operational work. It also features an internal grant program in which Bank teams receive technical and financial support to explore the role of human rights in their particular project or task. Currently there are 27 grant teams working on aspects related to rights in different parts of the organization. Operation for the program was extended until 2019. In 2013, the Nordic Trust Fund conducted a staff survey, according to which there is a growing interest in the role of rights in development. The Nordic Trust Fund-A Knowledge and Learning Program for World Bank Staff on Human Rights ASPECT: INDIGENOUS RIGHTS (Aspect: Indigenous Rights) Central to the Bank’s mission of reducing poverty and promoting sustainable development is ensuring that Management Approach 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 circumstanc- es expose Indigenous Peoples to different types of risks and levels of impacts from development projects, including loss of identity, culture, and customary livelihoods, as well as exposure to disease. Gender and in- tergenerational issues among Indigenous Peoples also are 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 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. 20 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: HUMAN RIGHTS For all projects that are proposed for Bank financing and that affect 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 free, prior, and informed consultation results in broad community support to the proj- ect by the affected Indigenous Peoples. The World Bank 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, 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. The Bank cannot proceed on projects unless Indigenous Peoples have given their “broad community support.” As stated in OP 4.01, “This policy contributes to the Bank’s mission of poverty reduction and sustainable de- velopment by ensuring that the development process fully respects the dignity, human rights, economies, and cultures of Indigenous Peoples. For all projects that are proposed for Bank financing and affect Indigenous Peoples, the Bank requires the borrower to engage in a process of free, prior, and informed consultation.”  For more information on OP/BP 4.10, see: http://www.worldbank.org/en/topic/indigenouspeoples Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Indigenous Rights) In fiscal 2014, one project triggered the policy on Indigenous Peoples, OP/BP Full G4-HR8 Total number 4.10 and was brought to the Inspection Panel - Nepal: Power Development of incidents of violations Project. involving rights of indigenous For more information, see case update on Inspection Panel website: http:// peoples and actions taken www.worldbank.org/inspectionpanel ASPECT: CHILD LABOR (Aspect: Child Labor) The World Bank recognizes that child labor is one of the most devastating consequences of persistent poverty. Management Approach All standard World Bank bidding documents contain a prohibition of using child or forced labor in contracts financed under any World Bank projects. Bank-supported operations are required to assess relevant social is- sues (such as child labor) through the project’s environmental and social assessments to inform the mitigation against such risks within the project. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Child Labor) Concerns have been raised about the practice in Uzbekistan of using forced Full G4-HR5 Operations and child and adult labor for cotton harvesting. suppliers identified as having All projects that could potentially relate to cotton production in Uzbekistan in- significant risk for incidents clude measures to prevent and eliminate the occurrence of child or forced labor of child labor, and measures within the Bank-supported projects, and further seek to contribute to achieving taken to contribute to the this beyond the project boundaries. These include the following: requirements effective abolition of child that the government complies with national legislation that prohibit the use of labor child or forced labor; implementation of a third-party monitoring and feedback mechanism that focuses on child or forced labor issues in connection with the project activities or within the project area; a requirement that local authorities fully collaborate with the third-party monitoring and that actions to ensure compliance will be taken promptly; a clear land use strategy that eliminates incentives for using child or forced labor in the entire project area; training, awareness raising, and outreach activities on labor legislation and the regula- tions on child or forced labor; and contractual penalties and cancellation and repayment of loans for projects involving direct financial support to farmers. Such measures are also reflected in binding project covenants in the financing agreements. Independently of this, the Bank retains the right to exercise reme- dies in case of borrower noncompliance with the financing agreement. For more information, see: http://www.worldbank.org/en/news/ speech/2014/06/10/q-a-with-saroj-kumar-jha-regional-director-for-central- asia-on-the-world-banks-agriculture-sector-policy-in-uzbekistan-in-the-con- text-of-child-and-forced-labor-concerns 21 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: HUMAN RIGHTS ASPECT: HUMAN RIGHTS GRIEVANCE MECHANISMS (Aspect: Human Rights The World Bank’s mission is sustainable poverty reduction. Poverty encompasses lack of opportunities Grievance Mechanisms) (including capabilities), lack of voice and representation, and vulnerability to shocks. The Bank signifi- Management Approach cantly promotes human rights through its projects, for example, improving poor people’s access to health services, education, food, and water. Moreover, the Bank promotes the participation of Indigenous Peoples in decision making, helps strengthen the accountability and transparency of governments to their citizens, and supports justice reform and fighting corruption. Although development projects are intended to bring about positive change, their implementation involves risks, and people or the environment can be harmed. The Bank has policies to help avoid such outcomes, but some problems may remain unrecognized or unad- dressed. In such circumstances, one way for concerns to receive attention is for the citizens themselves to speak out. Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. GRMs create opportunities to resolve disputes before they escalate by offering a channel for citizens to express concerns, comments, and complaints. Beyond their benefits to citizens, GRMs can help the Bank and client improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability. Environmen- tal and social standards now lead the Bank’s corporate work on grievance redress, with the goal of imple- menting a consistent and systematic approach to grievance redress, handling of complaints, and conflict resolution across all IBRD/IDA operations. The Bank deals with grievance redress on a voluntary, demand-driven basis; the work supports a number of the Bank’s major initiatives, in particular, work on risk, results, and beneficiary feedback. The “Global Review of Grievance Redress Mechanisms” found that half of all Bank projects feature a griev- ance redress mechanism (GRM) in project design documents. However new research shows implementa- tion challenges. A major focus for the Bank in the future will be to further integrate grievance redress in all projects, to increase support for implementation, and to enhance collection and monitoring of grievances received and resolved across the project’s portfolio. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Human Rights In fiscal 2013, 75 percent of registered grievances were resolved. This is a new Partial Grievance Mechanisms) indicator in the World Bank Corporate Scorecard: it indicates percentage of G4-HR12 Number of grievances related to delivery of project benefits that were registered and that grievances about human were actually resolved. The baseline is calculated from a survey of projects rights impacts filed, approved in fiscal 2012 that committed to having a grievance redress mecha- addressed, and resolved nism in either the Project Appraisal Document (PAD), Resettlement Action through formal grievance Plan (RAP)/Resettlement Policy Framework (RPF), or Indigenous Peoples mechanisms Plan (IPP), excluding Development Policy Operation, Financial Intermediary Financing, and trust funds of less than $5 million. The baseline data are based on data from 77 percent of applicable operations that responded to the survey. 22 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY ASPECT: LOCAL COMMUNITIES (Aspect: Local Communities) The very nature of the World Bank‘s mission is to positively impact communities through investments in ed- Management Approach ucation, health, public administration, infrastructure, financial and private-sector development, agriculture, and environmental and natural resource management. Our stakeholders are consulted at different points throughout our projects and policy development. In recent years, the World Bank has increasingly focused on lending to community-driven development (CDD) programs in order to let communities lead their own development. This process lets communities identify their own development priorities, hire contractors, manage project funds, and, on completion of construction, manage and sustain the project. CDD approaches have been used to support a range of local development and service delivery needs identified by communities themselves, including water supply and sewerage rehabilitation, school and health facilities construction, nutrition programs for mothers and infants, rural access roads, and support for livelihoods and microenterprises. A growing body of CDD program impact evaluations generally finds positive evidence of poverty reduction, targeting of the poor, and increased access to services. Evidence is limited or mixed on these programs’ effect on governance, social capital spillovers (such as local collective action or trust among members), and conflict impact. More long-term evaluations are needed in these areas. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Local Communities) Community-driven development (CDD) programs operate on the principles Full G4-SO1 Percentage of local empowerment, participatory governance, demand-responsiveness, of operations with administrative autonomy, greater downward accountability, and enhanced implemented local local capacity. Experience has shown that when given clear explanations of the community engagement, process, access to information and appropriate capacity, and financial support, impact assessments, and poor men and women can effectively organize to identify community priori- development programs ties and address local problems by working in partnership with local govern- ments and other supportive institutions. The World Bank recognizes that CDD approaches and actions are important elements of an effective poverty reduction and sustainable development strategy. Over the last decade, the Bank has increasingly focused on lending to CDD pro- grams to reach local communities directly. The Bank has used the CDD approach across a range of countries to support a variety of urgent needs, including water supply and sewer rehabilitation, school and health post construction, nutrition programs for mothers and infants, building of rural access roads, and support for microenterprises. In fiscal 2013, the most recent data available, the total amount of financing going to communities and local governments as grants or loans through this program equaled around $3.9 billion, a slight decrease from fiscal 2012, with $4.6 billion. Figures for fiscal 2014 were not available at the time for printing but will be updated on the Sustainability Review Website (crinfo.worldbank.org). 23 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY (Aspect: Local Communities) The World Bank undertakes screening of each proposed project to determine Full G4-SO2 Operations with the appropriate extent and type of environmental and social analysis, including significant actual and the use of environmental assessment, to be undertaken during project prepa- potential negative impacts on ration and whether the project may involve the application of other safeguard local communities policies. The Bank classifies the proposed project into one of four categories (A, B, C, and FI) depending on the type, location, sensitivity, and scale of the project and the nature and magnitude of its potential environmental impacts. The borrowing-country government is responsible for any assessments required by the safeguard policies; World Bank staff members provide general advice. The World Bank’s Legal Department monitors compliance with policies that in- volve international law, such as those for international waterways and disputed areas. The Quality Assurance and Compliance Unit monitors all other safeguard policies.  In fiscal 2014, a total of 392 projects were screened, 45 were classified as Category A, 214 as Category B, 67 as Category C, and 6 as category FI. A new category was added for Program-for-Results (P4R) projects, under which one project was assessed. In addition, 59 projects were Development Policy Loans and thus not eligible for the safeguard categorization. In fiscal 2013, 32 were classified as Category A, 226 as Category B, 12 as Category C, and 11 as category FI. For more information on Bank project cycle, see: http://www.worldbank.org/ projects ASPECT: ANTI-CORRUPTION (Aspect: Anti-Corruption) Critical to the World Bank’s mission is a well-functioning public sector that delivers quality public services Management Approach consistent with citizen preferences and fosters private, market-led growth, while managing its fiscal resources in a prudent manner. Bank operations across sectors systematically incorporate governance and anti-cor- ruption measures into project design. The objective is to better manage corruption and fiduciary risks and to ensure that development funds are used for their intended purposes. The World Bank’s Integrity Vice Presi- dency (INT) plays an important role in this respect. INT investigates allegations of fraud and corruption in Bank-financed activities (external investigations), as well as allegations of significant fraud and corruption in- volving Bank staff (internal investigations). INT also pursues sanctions against firms and individuals that have engaged in fraudulent, corrupt, collusive, coercive, or obstructive practices. The resulting debarments prevent these parties from participating in future Bank-financed projects and serve as a deterrent to other potential wrongdoers. Moreover, by combining investigations with an enhanced focus on compliance, detection of red flags, and building preventive measures in projects, INT promotes a proactive approach to managing fraud and corruption risks. It is vital to manage these risks in an efficient and effective manner as they can impact development resources, particularly in fragile contexts and high-risk sectors. For more information, see: worldbank.org/integrity. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Anti-Corruption) In fiscal 2014, INT received 335 complaints about possible fraud and cor- Full G4-SO3 Total number and ruption in World Bank–financed projects leading to 40 new investigations. percentage of operations The investigations substantiated in fiscal 2014 involved 46 projects and 508 assessed for risks related to contracts worth about $807 million. Approximately 69 percent of the cases corruption and the significant involved contracts in excess of $2 million. Approximately $25 million spread risks identified across 15 contracts was not awarded to companies because the wrongdoing was detected prior to contract award, in most cases as a result of PIU or Bank due diligence. A further eight contracts valued at $20.3 million were awarded but later revoked or funded with non-Bank funds after the wrongdoing was uncovered. 24 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY (Aspect: Anti-Corruption) In fiscal 2014, the Integrity Unit’s advisory engagements assisted operational Full G4-SO4 Communication and teams in building precautions against fraud and corruption into 49 projects. training on anti-corruption (This is about half the number of engagements compared to the prior fiscal policies and procedures year because of staffing constraints.) Some of the advisory engagements are complemented by capacity-building training activities for project implementa- tion units in the field. Ninety-five government officials who are members of the International Cor- ruption Hunters Network (ICHA) participated in four webinars. Training was provided to Bank staff, including lessons learned from investi- gative work and early detection of red flags in projects. In fiscal 2014, about 1,100 staff attended training programs covering integrity issues. These train- ings are provided primarily in Washington, DC. ASPECT: GRIEVANCE MECHANISMS FOR IMPACTS ON SOCIETY (Aspect: Grievance The World Bank’s mission is sustainable poverty reduction. Poverty, as the Bank recognizes it, encompasses Mechanisms For Impacts on lack of opportunities (including capabilities), lack of voice and representation, and vulnerability to shocks. Society) The Bank significantly promotes human rights through its projects, for example, improving poor people’s Management Approach access to health services, education, food, and water. Moreover, the Bank promotes the participation of In- digenous Peoples in decision making, helps strengthen the accountability and transparency of governments to their citizens, and supports justice reform and fighting corruption. Although development projects are intended to bring about positive change, their implementation involves risks and people or the environment can be harmed. The Bank has policies to help avoid such outcomes, but some problems may remain unrec- ognized or unaddressed. In such circumstances, one way for concerns to receive attention is for the citizens themselves to speak out. Grievance redress mechanisms (GRMs) are crucial for managing risk in the Bank’s portfolio. GRMs create opportunities to resolve disputes before they escalate by offering a channel for citizens to express concerns, comments, and complaints. Beyond their benefits to citizens, GRMs can help the Bank and client improve project outcomes, prioritize supervision, identify systemic issues, and promote accountability. Environmen- tal and social standards now lead the Bank’s corporate work on grievance redress, with the goal of imple- menting a consistent and systematic approach to grievance redress, handling of complaints, and conflict resolution across all IBRD/IDA operations. The Bank deals with grievance redress on a voluntary, demand-driven basis; the work supports a number of the Bank’s major initiatives, in particular, work on risk, results, and beneficiary feedback. The “Global Review of Grievance Redress Mechanisms” found that half of all Bank projects feature a griev- ance redress mechanism (GRM) in project design documents. However new research shows implementa- tion challenges. A major focus for the Bank in the future will be to further integrate grievance redress in all projects, to increase support for implementation, and to enhance collection and monitoring of grievances received and resolved across the project’s portfolio. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Grievance In fiscal 2013, 75 percent of registered grievances were resolved. This is a new Partial Mechanisms For Impacts on indicator in the World Bank Corporate Scorecard: it indicates percentage of Society) grievances related to delivery of project benefits that were registered and that G4-SO11 Number of were actually resolved. The baseline is calculated from a survey of projects grievances about impacts approved in fiscal 2012 that committed to having a grievance redress mecha- on society filed, addressed, nism in either the Project Appraisal Document (PAD), Resettlement Action and resolved through formal Plan (RAP)/Resettlement Policy Framework (RPF), or Indigenous Peoples grievance mechanisms Plan (IPP), excluding Development Policy Operation, Financial Intermediary Financing, and trust funds of less than $5 million. The baseline data are based on data from 77 percent of applicable operations that responded to the survey. 25 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY ASPECT: FINANCIAL SECTOR—PRODUCT PORTFOLIO (Aspect: Financial Sector— The World Bank is a vital source of financial and technical assistance to developing countries around the Product Portfolio) world. The Bank is not a bank in the ordinary sense but a unique partnership to reduce poverty and support Management Approach development. We support a wide array of investments in such areas as education, health, public administra- tion, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Bank stakeholders look to the institution, as a lending facility, to have policies and procedures in place that assess and screen environmental and social risks in its lending portfolio. In 2013, the World Bank adopted a new World Bank Group Strategy focused on aligning all of the institu- tions’ work with the twin goals of eliminating extreme poverty and boosting shared prosperity in a sustain- able manner. Implementation is monitored by a newly developed World Bank Group Corporate Scorecard [see http://worldbank.org/corporatescorecard] that aggregates the contributions of the World Bank Group institutions. On a day-to-day basis, working closely with country government counterparts and their stakeholders, Bank staff members shape the role, financial products, and technical and advisory services to the unique develop- ment needs and capacities of each country client. Thus, interactions with clients, investees, and business part- ners regarding environmental and social risks and opportunities form the foundation of the Bank’s advisory and loan services. A cornerstone of the Bank’s financial support, technical and advisory services, and applied aim to prevent and mitigate impacts and risks to people and their environment in the development process, are the Bank’s environmental and social safeguard policies. There are 10 safeguard policies: environmental assessment, natural habitats, forests, pest management, physical cultural resources, dam safety, Indigenous Peoples, involuntary resettlement, international waterways, and disputed areas. Without these safeguard policies, the positive effects of the development work can be severely diminished. These policies provide mandatory guidelines for Bank and borrower staffs in the identification, preparation, and implementation of investment programs and projects. To strengthen the effectiveness of the safeguard policies, the Bank has initiated a process to review and update its environmental and social safeguards for investment projects. This review is currently in its second phase. For more information, see: http://consultations.worldbank.org/con- sultation/review-and-update-world-bank-safeguard-policies OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Financial Sector— The World Bank’s environmental and social safeguard policies are a corner- Full Product Portfolio) stone of the institution’s support to sustainable development and poverty FS1 Policies with specific reduction. There are 10 safeguard policies: environmental assessment, natural environmental and social habitats, forests, pest management, physical cultural resources, dam safety, components applied to Indigenous Peoples, involuntary resettlement, international waterways, and business lines disputed areas. These policies aim to prevent and mitigate impacts and risks to people and their environment in the development process. These policies provide manda- tory guidelines for Bank and borrower staffs in the identification, preparation, and implementation of investment programs and projects. The effectiveness and development impact of projects and programs support- ed by the Bank has substantially increased as a result of attention to these policies. Safeguard policies have often provided a platform for the participa- tion of stakeholders in project design, and have been an important instrument for building ownership among local populations. All safeguard policies are approved by the Board of Directors. For more information on key risks, opportunities, and impacts that the indi- vidual policies address, see: Bank Safeguard Policies at http://worldbank.org/ safeguard 26 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Financial Sector— The Bank undertakes screening of each proposed project to determine the appropri- Full Product Portfolio) ate extent and type of environmental and social analysis, including the use of envi- FS2 Procedures for assessing ronmental assessment, to be undertaken during project preparation and whether the and screening environmental project may involve the use or application of other safeguard policies. The Bank clas- and social risks in business sifies the proposed project into one of four categories (A, B, C, and FI) depending on lines 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 assess- ment required by the safeguard policies, with general advice provided by Bank staff. In general, a World Bank environmental and social specialist is assigned to each project with the potential to have environmental and social impact or risk in its design and planning stage. A sector manager who is responsible for a collection of projects, most often in sector and regional associations, manages this process. As the project moves through design, the Bank works with the clients to under- stand the technical features of each project and in partnership with borrowers, works to develop approaches for addressing these impacts as risks as required in the suite of World Bank safeguard policies. For category A and B projects, there is also involvement by the Regional Safeguard Advisor and his or her team or unit. Higher risk projects must submit a series of safeguard documents to identify and explain how the borrower will undertake safeguards requirements. Several quality control and review committees meet to agree on processes, such as the Regional Operational Committee (ROC). Finally the Board of Executive Directors must approve all projects, and those approvals also require submission or summaries of any environmental assessment and social safeguard documents. Information is shared amongst all decision makers and with stakeholders. These thresholds are based on environmental and social impact and risk defined in the safeguard policies and the Environmental Health and Safety Guidelines. For more information on procedures for assessing and screening environmental and social risks, see: Bank Safeguard Policies at http://worldbank.org/safeguard (Aspect: Financial Sector— The Bank uses its Implementation Status and Supervision Reports to track safe- Full Product Portfolio) guard implementation. FS3 Processes for monitoring Monitoring of clients’ compliance with implementing the environmental and social clients’ implementation requirements included in the loan agreement of a specific project is part of regular of and compliance with project supervision. Supervision missions of projects are carried out twice a year environmental and social and include staff with appropriate environmental and social expertise. For more requirements included in complex projects, staff members from the regional safeguard units are included. agreements or transactions The Bank’s Operations Risk Management Department (OPSOR), housed within the Operations Policy and Country Services (OPCS) Vice Presidency, supports the regions and ensures that the Bank’s safeguard policies are applied in a uniform manner across regions. Environmental and social management frameworks include provisions for grievance mechanisms by which stakeholders can bring concerns forward and settle arising disputes. In addition, stakeholders can bring concerns to the independent Inspection Panel, a permanent body reporting to the Board of Executive Directors, to ensure accountability of the World Bank and investigate complaints about harm stemming from policy violations. Most often, Bank environmental and social specialists work with the project Task Team and borrowers to identify noncompliance issues and provide suggestions and proce- dures for bringing projects into compliance. Remedies are also available, if necessary. During project supervision, both environmental and social specialists undertake project site visits and consult with numerous stakeholders. When safeguard issues of concern are encountered, the Bank engages in discussions with the borrower to arrive at mutually agreed courses of action that are time bound and identify responsible parties. These actions are documented in the Aide Memoire and regularly in technical, back to office reports. 27 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Financial Sector— The World Bank is carrying out a range of regular programs as well as tailored Full Product Portfolio) trainings for staff and borrowers on the application of its safeguard policies, best FS4 Processes for practices, case studies, and lessons learned. The safeguard team offers weekly improving staff competency workshops on applying safeguard policies and each regional vice presidency to implement the offers trainings on safeguard policies. In addition, an accreditation course has environmental and social been established for environment specialists advising teams on environmental policies and procedures as safeguards during project preparation and supervision. The purpose of ac- applied to business lines creditation is to ensure that the Bank’s environmental safeguard policies are consistently applied during project preparation and supervision, and to confirm broader environmental expertise by the accredited staff. A similar accreditation course has been established for social safeguard staff. In addition, Safeguard Training Modules introduce the basic concepts of safe- guard policies and also contain specific case studies and operational examples to provide richer understanding of how safeguard policies are applied. A unique safeguards E-learning module is provided for all Task Team Leaders. Each regional safeguard unit also conducts a series of demand driven safeguard pol- icies training across various themes and for different staff audiences. These include “just in time” clinics, brown bag seminars, and face-to-face safeguard clinics on top- ics such as the use of frameworks, voluntary land donation, developing environmen- tal contract clauses for EMPs, and resettlement workshops. These training sessions are provided both in a central regional location for multiple attendees or in specific countries for country staff and CMUs. Newer delivery tools have also included webinars. Special manager’s safeguard trainings have also been completed. Several regions also conduct safeguards trainings and share experiences across other international financial institution partners, such as AusAID, DFID, and IDB. All staff who take the Bank Core Curriculum Course are required to take the Safeguard Training Modules. Additional mentoring and partnerships across Bank safeguard staff is available as needed. 28 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Financial Sector— The World Bank is a development institution, providing low- or no-interest Full Product Portfolio) loans (credits) and grants to low-income countries, middle-income countries, FS5 Interactions with and small and fragile states. Working closely with country government coun- clients, investees, or terparts and their stakeholders, Bank staff members shape its role, financial business partners regarding products, and technical and advisory services to the unique development environmental and social needs and capacities of each country client. Thus, interactions with clients, risks and opportunities investees, and business partners regarding environmental and social risks and opportunities form the foundation of the Bank’s advisory and loan services. All regional safeguard units conduct various client safeguard capacity building processes. Many projects use the project “kick off ” meeting to review the agreements and provisions for safeguard policies with formal and informal trainings. In many countries, the government project implementation unit attends special safeguard trainings organized by the Bank safeguard staff. Both the safeguard anchor and the regional safeguard advisors track the status of safeguard applications across their respective portfolios. When particular safeguard policy issues of concern appear common, there can be a “special” safeguards review, an assessment of desk review. In certain cases, one or sev- eral environmental and social safeguard specialists undertake a country visit and conduct site visits with safeguard trainings to help improve safeguards implementation or correct past shortcomings. When needed there are formal face-to-face workshops, project implementation safeguard trainings in the field with project stakeholders, consultations by lead safeguard specialists, and rapid response project visits to deal with high risk issues of concern. Borrower safeguard implementation reports: The World Bank requires that su- pervision reports summarizing borrower progress be submitted on an annual, biannual, or quarterly basis depending on project safeguard risk. Submission of Environmental Social Impact Assessment and ESMP reports are required during project implementation for Bank review and clearance. (Aspect: Financial Sector— New lending commitments by IBRD were $18.6 billion in fiscal 2014 for 95 Full Product Portfolio) operations. This volume was higher than the precrisis historical average ($13.5 FS6 Percentage of the billion a year in fiscal 2005–08) and the $15.2 billion in fiscal 2013. Europe portfolio for business lines by and Central Asia ($4.7 billion) and Latin America and the Caribbean ($4.6 specific region, size, and by billion) received the largest shares of new lending, followed by East Asia and sector Pacific ($4.2 billion). Commitments to the Middle East and North Africa ($2.6 billion), South Asia ($2.1 billion), and Africa ($420 million) followed. Public Administration, Law, and Justice received the largest sector commitments ($4.8 billion), followed by Transportation ($4.0 billion), Energy and Mining ($2.4 billion), and Health and Other Social Services ($1.6 billion). Financial and Private Sector Development received the largest share of commitments (27 percent) for themes, followed by Public Sector Governance (18 percent) and Urban Development (11 percent). IDA commitments amounted to $22.2 billion in fiscal 2014, including $18.5 billion in credits, $2.8 billion in grants, and $937 million in guarantees. The largest share of resources was committed to Africa, which received $10.2 billion. South Asia ($8.5 billion) and East Asia and Pacific ($2.1 billion) also received large shares of committed funding, followed by Europe and Central Asia ($798 million), Latin America and the Caribbean ($460 million), and the Middle East and North Africa ($199 million). India ($3.1 billion) and Pakistan ($2.1 billion) were the largest country recipients. 29 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY Level of External Indicator Description 2014 Response Disclosure Assurance Commitments for infrastructure—including the sectors Energy and Mining; Transportation; Water, Sanitation, and Flood Protection; and Information and Communications—reached $10.4 billion. Significant support was also com- mitted to the sectors of Public Administration, Law, and Justice ($4.0 billion); Education ($2.3 billion); and Agriculture, Fishing, and Forestry ($2.3 billion). The themes receiving the highest share of commitments were Rural Devel- opment ($4.6 billion), Human Development ($3.4 billion), and Financial and Private Sector Development ($2.9 billion). For details of regional commitments broken down by sector and theme, see www.worldbank.org/annualreport2014 (Aspect: Financial Sector— World Bank lending can have both social and environmental benefit and is not Full Product Portfolio) divided into these categories. Lending by theme and sector are available in the FS7 Monetary value of 2014 Annual Report, p. 59 “World Bank Lending by Theme and Sector”: products and services www.worldbank.org/annualreport2014 designed to deliver a specific social benefit for each business line broken down by purpose (Aspect: Financial Sector— World Bank lending can have both social and environmental benefit and is not Full Product Portfolio) divided into these categories. Lending by theme and sector are available in the FS8 Monetary value of 2014 Annual Report, p. 59 “World Bank Lending by Theme and Sector”: products and services www.worldbank.org/annualreport2014 designed to deliver a specific environmental benefit for each business line broken down by purpose ASPECT: FINANCIAL SECTOR—AUDIT (Aspect: Financial Sector— An independent evaluation is an essential building block for effective development programs. It creates an Audit) objective basis for assessing results, providing accountability, and helping development practitioners to learn Management Approach from experience. The Independent Evaluation Group (IEG) is charged with evaluating the activities of IBRD and IDA. The IEG evaluates the Bank Group’s work at the project level. These products are the evidence base for larger evaluations. For the World Bank, they include independent, field-based Project Performance Audit Reports (PPARs), which assess project achievements, rate projects for accountability purposes, and clarify lessons from experience. In addition to PPARs, IEG does validations of completion reports, which are evaluations that project teams write at the end of each project’s life-cycle. IEG now discloses Implementation Completion and Results (ICR) Reviews and their ratings.” A recent evaluation examined how safeguards and sustainability policies helped to mitigate or avoid large- scale social and environmental risks in the World Bank’s projects. The evaluation highlighted the need for the Bank to consolidate its safeguard and sustainability policies and to improve the coverage of its policies’ social effects. Since IEG completed its report, the Bank committed to a 24-month consultative process that will lead to the ongoing update of its safeguard policy framework. 30 GRI Index Fiscal 2014 OPERATIONAL PERFORMANCE INDICATORS – SOCIAL: SOCIETY Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Financial Sector— IEG reviews 100 percent of all the Country Assistance Strategy Completion Full Audit) Reports (CASCRs) and Implementation Completion and Results (ICRs) FS9 Coverage and Reports that are submitted to the World Bank’s Board. Project reviews are frequency of audits to conducted as they are completed. assess implementation of environmental and social policies and risk assessment procedures 31 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS CATEGORY: ECONOMIC ASPECT: MARKET PRESENCE (Aspect: Market Presence) The World Bank values the diversity, health, safety, and security of its 12,000+ staff and consultants who Management Approach work in Washington, DC, and in more than 130 countries worldwide. The institution’s diverse workforce brings a wide range of perspectives to bear on poverty reduction issues and emerging development challeng- es. It is critical to the effectiveness of the Bank’s core operational and knowledge services. Staff diversity is a strategic business asset that directly contributes to achievement of our two goals: reducing extreme poverty and promoting shared prosperity. To that end it is important that the Bank employs the right people in the right place with the right skills at the right time. To deliver on that commitment, the Human Resources Strategy has four areas of focus: • Building a culture of performance and accountability • Developing inspiring leaders • Shaping a diverse and inclusive workforce • Creating career opportunities for staff As the Bank retools to increase its delivery and responsiveness to its clients, Human Resources has played a pivotal role in the transition of staff from the earlier structure to the new Global Practices. Looking forward, we will continue making aligning staffing and skills to the World Bank Group Strategy a priority. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Market Presence) To recruit and retain highly qualified staff, the World Bank has developed a Partial G4-EC5 Ratios of standard compensation and benefits system designed to be internationally competitive, entry level wage by gender to reward performance, and to take into account the special needs of a multi- compared to local minimum national and largely expatriate staff. The Executive Directors annually review wage at significant locations the staff salary structure and, if warranted, the salary structure is adjusted on of operation the basis of a comparison with salaries paid by private financial and industri- al firms and by representative public sector agencies in the U.S. market. The salary structure is reported according to job position for Washington, DC staff, which comprises more than 60 percent of staff. Salary structure is not disclosed according to gender. Remuneration of executive management, Exec- utive Directors, and staff are disclosed in the annual report. For more information, see: www.worldbank.org/annualreport2014 (Aspect: Market Presence) Nationals of developing countries account for 41 percent of management Full G4-EC6 Proportion of positions. Sub-Saharan African and Caribbean nationals represent 12 percent senior management hired of management positions. Since 1998, nationality, gender, and race have been from the local community the dimensions of diversity for which we have set and monitored quantitative at significant locations of targets for the Bank. Nationality has been measured in the aggregate by Part operation I/II contributing member status, while Sub-Saharan African and Caribbean (SSA/CR) nationality has served as the proxy for race. 32 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS CATEGORY: ECONOMIC ASPECT: PROCUREMENT PRACTICES (Aspect: Procurement As a service-based organization, the World Bank procures services and goods, such as office supplies and Practices) electronics for day-to-day operations. On a corporate level, we strive to understand and control the environ- Management Approach mental and social impacts in procuring these goods and services. Through investor questionnaires, stakeholders have identified corporate procurement practices as an im- portant aspect to be tracked and disclosed. Additionally, corporate procurement practices have significant sustainability impacts, including the potential to undermine people’s ability to meet their needs and greatly impact the local economy. The World Bank Corporate Procurement Unit is responsible for coordinating and overseeing the sourcing strategy, selection, and contract execution for more than 130 Bank offices around the globe. In-country vendors are preferred, where possible. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Procurement The proportion of spending on local suppliers for goods and services pur- Partial Practices) chased on a corporate level is not available, because it is not currently tracked G4-EC9 Proportion of within the vendor information system. spending on local suppliers The World Bank defines “local” as raw materials extracted or products manu- at significant locations of factured within 250 miles of a World Bank office. operation Significant locations of operation include major World Bank offices located in Washington, DC, as well as field operations with occupancy of more than 100 employees. CATEGORY: ENVIRONMENTAL ASPECT: MATERIALS (Aspect: Materials) As a service-based organization, material use is an important impact of our day-to-day business. It is also Management Approach closely related to the Bank’s recent efforts to reduce our expense to business revenue ratio. Through investor questionnaires, external stakeholders have identified purchasing as a material aspect. Moreover, purchasing is a material aspect given that purchasing decisions can contribute to the accumulation of persistent toxic emissions as well as materials extracted from the earth’s crust. Different groups purchase major material categories throughout the Bank. For example, the General Services Department Printing and Multimedia group controls the purchase of paper, one of the largest classes of materials used by the Bank. This group ensures that environmental criteria, including specifying that recycled content material, is included in purchasing decisions for paper. Similarly, the Mail and Shipping Group works to ensure that environmen- tally preferable office supplies are prominently featured on the online ordering form, while the Corporate Responsibility Program works with key purchasers to encourage the purchase of products with high levels of recycled content and renewable resources. Tracking total purchases and percentages of environmentally preferable products purchased helps to evaluate the effectiveness of the management approach. In fiscal 2014, the Bank made progress on reducing the amount of office supplies purchased, continued to reduce the amount of paper used, and increased the recycled content of materials used. 33 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS CATEGORY: ENVIRONMENTAL Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Materials) As a service-based organization, the World Bank does not produce or man- Partial The data G4-EN1 Materials used by ufacture any products. The materials used regularly include office supplies for fiscal weight or volume and electronics. The Bank has worked to reduce the amount of waste sent to 2013 were landfills through a combination of source reduction, reuse, and recycling. See externally the discussion about sustainable facilities for details. assured, see The World Bank’s use of nonrenewable materials is as follows: http://crinfo. The World Bank tracks office electronic purchases for any device that qualifies worldbank. for the U.S. Environmental Protection Agency’s (EPA) Energy Star Program, org as well as any battery purchases. In fiscal 2014, the Bank purchased 106.65 tons of such electronics and batteries, compared with 136 tons in fiscal 2013 and 88 tons in fiscal 2012. In addition, the Bank tracks purchases from its office supplier. In fiscal 2014, the Bank purchased 149 metric tons of these products, compared with 141 metric tons in fiscal 2013. In addition, the Bank tracks paper purchases, and the use of disposables in its cafeterias. These figures are not yet available for fiscal 2014 but will be updated on the Sustain- abiltiy Review website (crinfo.worldbank.org). Additionally, the World Bank purchases diesel fuel and natural gas for use in powering our buildings. These materials are reported on in EN03. For more information about Bank’s facilities [http://crinfo.worldbank.org/ wbcrinfo/node/24] (Aspect: Materials) The World Bank is committed to using resources that are made from recycled Full The data G4-EN2 Percentage of or rapidly renewable materials for its internal operations. The largest material for fiscal materials used that are purchases include paper, office supplies, office furniture, cafeteria napkins, and 2013 were recycled input materials electronics. externally World Bank standard copier and printer paper is 100 percent post-consumer assured, see waste recycled content and FSC-certified. The Bank tracks the percentage of http://crinfo. all paper used at the World Bank that was made of recycled content as well as worldbank. the the percentage of paper used that is 100 percent recycled content, but this org information is not yet available for fiscal 2014. This will be updated on the Bank’s Sustainability Review (crinfo.worldbank.org) when available. The Bank also tracks the percent by weight of all items purchased from our office supply vendor that contain at least 10 percent post-consumer recycled content. In fiscal 2014, 28 percent of all purchases from the office supply ven- dor contained at least 10 percent post-consumer recycled content, compared to 26.1 percent in fiscal 2013. More than 40 percent of our office furniture contains a minimum of 10 per- cent post-consumer recycled content, and the majority of furniture in use at the World Bank has been refurbished or reupholstered. In our food services, all cafeteria napkins are made from 100 percent post-consumer recycled paper and by a 100 percent bleach-free process. We also include sustainability criteria within our information technology purchases that ensure components of our computers, laptops, and monitors are made of recycled input materials. For more information about Bank’s facilities [http://crinfo.worldbank.org/ wbcrinfo/node/24] 34 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS CATEGORY: ENVIRONMENTAL ASPECT: ENERGY (Aspect: Energy) Energy is a key input in our business operations. Our stakeholders through investor questionnaires have Management Approach identified energy as an important aspect. Our 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 have severe health impacts on people. Moreover, the purchase and use of energy affects our expense to business revenue ratio. The World Bank manages its energy use carefully by tracking use in each owned facility on a monthly basis. General Services Department tracks quarterly progress on energy use, which is reported as a part of the progress toward goals for the head of corporate real estate. Energy use is evaluated both as an absolute figure, as well as on an intensity basis to determine progress. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Energy) The World Bank purchases natural gas, propane, and diesel fuel for combustion Full The data G4-EN3 Energy consumption onsite. In fiscal 2013, total global fuel use was 90,135 GJ. for fiscal within the organization The portion of this fuel consumption from renewable resources is not tracked 2013 were because data from fuel providers are not appropriately detailed. externally Of the total global energy use of 548,172 GJ in fiscal 2013 from nonrenewable assured, see fuel sources, 425,382 GJ is from electricity consumption, 7,149 GJ is from http://crinfo. steam consumption, 48 GJ is from cooling consumption, and 25,167 GJ is from worldbank. heating consumption including natural gas and propane. The remainder is from org diesel and other fuel consumption for energy generation. The World Bank does not sell any electricity, heating, cooling, or steam. Of the total of 548,172 total global energy use in fiscal 2013, offices located in and near Washington, DC, used 344,988 GJ, compared with 404,480 GJ in fiscal 2012, 400,834 in fiscal 2011, and 352,372 GJ in fiscal 2010. Unofficial figures for fiscal 2014 United States energy use is 322,671 GJ, which would be a decrease from fiscal 2013 totals. In fiscal 2013, the Bank’s 130 regional offices consumed a total of 203,184 GJ of energy, an increase from 179,124 GJ in fiscal 2012, 150,203 GJ in fiscal 2011, and 137,327 GJ of energy in fiscal 2010. Data from country offices lag by one year. For more information on the methodology and conversion factors utilized in the Inventory Management Plan, see: https://crinfo.worldbank.org/wbcrinfo/ sites/wbcrinfo/files/FY%2013%20WBG%20Inventory%20Management%20 Plan_FINAL.pdf (Aspect: Energy) Energy consumption outside the organization includes fuel used in contrac- Full The data G4-EN4 Energy consumption tor-owned vehicles as well as commercial airliners used for employee business for fiscal outside of the organization travel. In fiscal 2013, 14,636 GJ of energy were in contractor vehicles, compared 2013 were with 16,295 GJ in fiscal 2012. Data for fuel use in commercial airliners are not externally available. assured, see Information on the methodology and conversion factors utilized can be found http://crinfo. in the Inventory Management Plan: https://crinfo.worldbank.org/wbcrinfo/ worldbank. sites/wbcrinfo/files/FY%2013%20WBG%20Inventory%20Management%20 org Plan_FINAL.pdf 35 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS CATEGORY: ENVIRONMENTAL Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Energy) In fiscal 2013, the World Bank used 0.95 GJ of energy per square meter, which Full The data G4-EN5 Energy intensity is an increase from 0.93 GJ per square meter in fiscal 2012. Energy intensity in for fiscal fiscal 2011 was 0.88 GJ/square meter in fiscal 2011 and 0.81 GJ per square meter 2013 were in fiscal 2010. This is based on 548,795 total square meters in fiscal 2013. This externally ratio includes all energy (onsite combustion fuel, electricity, heating, cooling, assured, see and steam), except for energy consumption outside of the organization. http://crinfo. worldbank. org (Aspect: Energy) In fiscal 2013, the following conservation initiatives were undertaken to re- Full The data G4-EN6 Reduction of energy duce energy from electricity. Reduction reporting is based on major initiatives for fiscal consumption taken in fiscal 2013 as related to achieving reductions from the fiscal 2010 base 2013 were year. externally In one Bank headquarter building, the legacy central chiller plant was re- assured, see placed, removing five inefficient chillers and replacing them with four modern http://crinfo. chillers while optimizing the cooling plant as well, resulting in a modeled worldbank. reduction of energy consumption of 10,800 GJ per year. org In Dhaka, we replaced all exterior and some portion of interior lighting with LED fixtures, resulting in a savings of 238 GJ per year based on the specific energy consumption of each lumiere over the replaced fixture. Methodologies and assumptions for calculating reductions are specific to each initiative and are sourced from engineering proposals. ASPECT: EMISSIONS (Aspect: Emissions) Climate change threatens to erode development gains around the world—and its effect will be greatest on Management Approach the poorest and most vulnerable countries, which are our clients. Thus, addressing this challenge is part of the World Bank’s core mandate of helping countries alleviate poverty and move toward economic prosperity. As a demonstration of its corporate commitment to addressing climate change, the World 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 data are collected and 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 our complete boundary available in the annually updated Inventory Manage- ment Plan. A third party regularly verifies the Inventory Management Plan and the GHG inventory to ensure they meet international best practices. 36 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS CATEGORY: ENVIRONMENTAL Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Emissions) The World Bank measures direct GHG emissions for its internal operations Full The data G4-EN15 Direct greenhouse based on site-specific data for facilities. Estimates are made for those facilities for fiscal gas (GHG) emissions (Scope 1) with missing data. For World Bank’s U.S. facilities, Scope 1 GHG emissions 2013 were were 1,174 mtCO2e in fiscal 2014, compared with base year (fiscal 2010) emis- externally sions of 1,615 mtCO2e. Scope 1 GHG emissions from country office facilities assured, see and vehicles were estimated to be 10,546 mtCO2e in fiscal 2013, compared http://crinfo. with base year emissions of 4,228 mtCO2e in fiscal 2010. Data from country worldbank. offices lag by one year. org for more information on base year selection found in the sustainability review, see: http://crinfo.worldbank.org/wbcrinfo/node/23#ReducingGHG Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3 as detailed in the inventory manage- ment plan, and no biogenic CO2 emissions. For more information on meth- odology, emissions factors, GWP rates, and consolidation approach found in the inventory management plan, see: https://crinfo.worldbank.org/wbcrinfo/ sites/wbcrinfo/files/FY%2013%20WBG%20Inventory%20Management%20 Plan_FINAL.pdf (Aspect: Emissions) The World Bank measures indirect GHG emissions for its internal operations Full The data G4-EN16 Energy indirect based on site-specific data for facilities. Estimates are made for those facilities for fiscal greenhouse gas emissions with missing data. In fiscal 2014, Scope 2 emissions from our Washington, 2013 were (Scope 2) DC, facilities totaled 41,043 mtCO2e, compared with base year emissions of externally 46,756 mtCO2e in fiscal 2010. Scope 2 emissions from our country offices assured, see include emissions from purchased steam and chilled water in addition to http://crinfo. purchased electricity. In fiscal 2013, these emissions totaled 14,417 mtCO2e, worldbank. compared with base year emissions of 13,790 in fiscal 2010. org Data from country offices lag by one year. Information on base year selection can be found in the sustainability review: http://crinfo.worldbank.org/wbcrinfo/node/23#ReducingGHG Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3 as detailed in the inventory manage- ment plan, and no biogenic CO2 emissions. For more information on the methodology, emissions factors, GWP rates, and consolidation approach found in the inventory management plan, see: https://crinfo.worldbank.org/ wbcrinfo/sites/wbcrinfo/files/FY%2013%20WBG%20Inventory%20Manage- ment%20Plan_FINAL.pdf (Aspect: Emissions) The World Bank measures indirect GHG emissions from air travel taken by Full The data G4-EN17 Other indirect World Bank employees, as well as delegate air travel and other indirect emis- for fiscal greenhouse gas emissions sions associated with major meetings that we organize. In fiscal 2012, the Bank 2013 were (Scope 3) began measuring GHG emissions from contractor-owned vehicles. In fiscal externally 2013, these emissions totaled around 117,932 mtCO2e, compared with base assured, see year emissions of 115,545 mtCO2e in fiscal 2010. http://crinfo. Information on base year selection can be found in the sustainability review: worldbank. http://crinfo.worldbank.org/wbcrinfo/node/23#ReducingGHG org Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3 as detailed in the inventory manage- ment plan, and no biogenic CO2 emissions. For more information on meth- odology, emissions factors, GWP rates, and consolidation approach found in the inventory management plan, see: https://crinfo.worldbank.org/wbcrinfo/ sites/wbcrinfo/files/FY%2013%20WBG%20Inventory%20Management%20 Plan_FINAL.pdf 37 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Emissions) The World Bank measures GHG emissions intensity in two distinct catego- Full The data G4-EN18 Greenhouse gas ries. Scope 1 and Scope 2 emissions are normalized per square meter, while for fiscal emissions intensity Scope 3 emissions, mostly pertaining to employee air travel, are normalized 2013 were per full-time employee (FTE). In fiscal 2013, global Scope 1 and 2 emissions externally per square meter were 0.116, compared with base year emissions of 0.107 assured, see mtCO2e/sqm in fiscal 2010. Scope 3 emissions per FTE were 9.5 in fiscal 2013, http://crinfo. compared with base year emissions intensity of 9.9 mtCO2e/FTE in fiscal 2010. worldbank. Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There org are no known emissions of SF6 or NF3 as detailed in the inventory manage- ment plan. For more information on methodology, emissions factors, GWP rates, and consolidation approach found in the sustainability review, see: http://crinfo.worldbank.org/wbcrinfo/node/23 (Aspect: Emissions) In fiscal 2013, the following conservation initiatives were undertaken to Full The data G4-EN19 Reduction of reduce CO2, CH4, and N2O emissions from Scope 2 emissions. Reduction re- for fiscal greenhouse gas emissions porting is based on major initiatives taken in fiscal 2013 as related to achieving 2013 were reductions from the fiscal 2010 base year. externally In one headquarter building, the legacy central chiller plant was replaced, assured, see removing five inefficient chillers and replacing them with four modern chillers http://crinfo. while optimizing the cooling plant as well, resulting in a modeled reduction of worldbank. emissions of 1,370 mtCO2e per year. org In Dhaka, we replaced all exterior and some portion of interior lighting with LED fixtures, resulting in a savings of 39 mtCO2e per year based on the specif- ic energy consumption of each lumiere. Methodologies and assumptions for calculating reductions are based on initia- tive proposals for each reduction project. (Aspect: Emissions) The World Bank does not produce, import, or export any ozone-depleting Full G4-EN20 Emissions of substances. ozone-depleting substances CATEGORY: ENVIRONMENTAL ASPECT: EFFLUENTS AND WASTE (Aspect: Effluents and Waste) The World Bank views reducing effluent and waste production as a material aspect because of the poten- Management Approach tial negative environmental impacts, which include the release of persistent toxic chemicals through waste degrading in landfills or by being incinerated. Our stakeholders also see reducing our effluent and waste production as important. The Bank has worked to reduce the amount of waste sent to landfills through a combination of source re- duction, reuse, and recycling. Minimizing the amount of material brought into our facilities is the first way we manage the amount of waste created. Avoiding unnecessary packaging for purchased items, including encouraging minimum purchase thresholds for office supplies, is one way in which we accomplish this. Another way we do this is by mandating large purchases from vendors, such as our latest computer monitor purchase, be sent in bulk instead of individually packaged. In fiscal 2014, we took a closer look at our waste management system, seeking to identify and correct areas where we were not properly diverting recyclable waste from the landfill. This included mapping out the way that waste moves into and out of our facilities, identifying responsibil- ities and roles, and beginning to set targets. A waste audit was carried out and a new waste management system will be installed in fiscal 2015. 38 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Effluents and Waste) The Bank has worked to reduce the amount of waste sent to landfills through Full The data G4-EN23 Total weight of a combination of source reduction, reuse, and recycling. See the discussion for fiscal waste by type and disposal about sustainable facilities for details. No hazardous waste is generated by the 2013 were method World Bank. Total nonhazardous waste produced by the Bank’s Washington, externally DC, offices in fiscal 2014 was 1,839 metric tons, a slight increase from 1,766 assured, see metric tons in fiscal 2013. In fiscal 2014, 822 tons of waste were sent to a land- http://crinfo. fill, while 1,017 tons of waste were recycled, which includes paper, bottles and worldbank. cans, cardboard, toner cartridges, carpet tiles, and electronics. Additionally, org 148 tons of food waste were composted in fiscal 2014. The information is provided by the waste disposal contractor and our elec- tronic waste recycler subcontracted through our PC provider. 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 available but will be included in future reports. ASPECT: SUPPLIER ENVIRONMENTAL ASSESSMENT (Aspect: Supplier The World Bank works to reduce the environmental footprint of our facilities by procuring goods and ser- Environmental Assessment) vices that have reduced environmental impacts. The World Bank Corporate Procurement Unit is responsible Management Approach for coordinating and overseeing the sourcing strategy, selection, and contract execution for more than 122 Bank offices around the globe, including adherence to the Bank’s policies on socially and environmentally responsible corporate procurement. Major corporate purchases (including paper, computers, furniture, and other key materials) are purchased with environmental life-cycle assessments in mind, and many incorpo- rate mandatory environmental specifications. CATEGORY: ENVIRONMENTAL Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Supplier While environmental criteria are used both as mandatory and evaluation Partial Environmental Assessment) specifications of many large institutional purchases, the percentage of new G4-EN32 Percentage of new suppliers screened using environmental criteria is not available. The data were suppliers that were screened not available because they are not tracked within the vendor information da- using environmental criteria tabase. For details on the environmental criteria applied to specific purchases, see the “Sustainable Procurement” section on http://crinfo.worldbank.org 39 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS SOCIAL: LABOR PRACTICES AND DECENT WORK ASPECT: EMPLOYMENT (Aspect: Employment) In Human Resources, focus is about getting the right people in the right place at the right time, and respond- Management Approach ing with the best possible assistance in an environment that is rapidly evolving. Our goal, in support of the Bank’s goals, is to put in place the elements that will make this the best place to work in development. To accomplish that, we will need a clear “social contract” between the institution and its employees—setting expectations that each party must honor. The World Bank is continually in search of the brightest, most talented individuals from around the globe. We are proud to employ a dedicated and committed workforce that reflects our diverse membership, bringing a wide range of perspectives to bear on our poverty reduction work. Our staff members include economists, educators, environmental scientists, financial analysts, and managers, as well as foresters, agronomists, engineers, informa- tion technology specialists, and social scientists, to name a few. Human Resources staff members support the Bank in employing the right people in the right place with the right skills at the right time. As the Bank retools to increase its delivery and responsiveness to its clients, Human Resources has played a pivotal role in the transition of staff from the earlier structure to the new Global Practices. Looking forward, aligning staffing and skills to the World Bank Group Strategy will be a priority. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Employment) In fiscal 2014, 1,770 staff were hired, 13 percent less than last year. Of those Full G4-LA1 Total number and hired, 37 percent were hired in country offices, and 51 percent were female. In rates of new employee hires fiscal 2014, 1,563 staff left the Bank—2 percent more than last year. Thirty-six and employee turnover by age percent of employees that left the Bank were located in country offices, and 53 group, gender, and region percent were female. Fiscal 2014 Fiscal 2013 Fiscal 2012 Hired staff Number % of Number % of Number % of total total total Washington, DC 1,107 63% 1,263 62% 992 59% Female 572 32% 673 33% 539 32% Male 535 30% 590 29% 453 27% Country office 663 37% 768 38% 701 41% Female 332 19% 407 20% 340 20% Male 331 19% 361 18% 361 21% Total hires 1770 2031 1693 Female 904 51% 1080 53% 879 52% Male 866 49% 951 47% 814 48% 40 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS SOCIAL: LABOR PRACTICES AND DECENT WORK Level of External Indicator Description 2014 Response Disclosure Assurance Fiscal 2014 Fiscal 2013 Fiscal 2012 Staff Number % of Number % of Number % of terminated total total total Washington, DC 1,002 64% 981 64% 1052 63% Female 545 35% 522 34% 533 32% Male 457 29% 459 30% 519 31% Country office 561 36% 548 36% 614 37% Female 287 18% 265 17% 300 18% Male 274 18% 283 19% 314 19% Total hires 1,563 1,529 1,666 Female 832 53% 787 51% 833 50% Male 731 41% 742 37% 833 49% (Aspect: Employment) The Bank’s benefits package includes medical insurance, life and disability Full G4-LA2 Benefits provided to insurance, leave policies, pension programs, and relocation and resettlement full-time employees that are policies. These benefits vary with appointment type (whether open-ended or not provided to temporary term staff or consultants) or whether based in headquarters or country offices. or part-time employees, The Bank’s compensation and benefits policy is to balance between providing by significant locations of rates to attract and retain diverse and highly talented staff and responding to operation the external market situation and our shareholders. Salaries are set based on market reference points in other public and private organizations, and salary increases of individual staff are determined by his or her performance and contributions to the Bank’s objectives. Overall performance evaluation that affects individual staff salary increases is conducted annually, and assesses staff ’s competence, commitment, contribution, and team work, with input from peers. All these policies are specified in the internal Staff Manual, which is available for all staff. The Human Resources Committee of the Board meets every year to review compensation and determines the overall Bankwide pay increase ratio. In addition to health insurance coverage, staff receive between 26 and 30 days of paid annual leave and 15 days of annual sick leave, as well as paid leave for various specific circumstances such as adoption and paternity and maternity leave. There are also services to support staff and their families, such as the Work-Life Services and the World Bank Family Network (WBFN), which provide assistance to staff, spouses, and domestic partners. Short-term consultants and short-term temporaries are paid on a daily or hourly rate and are not eligible for leave, medical, life insurance, or pension benefits. For more information on Bank staff benefits, see: Corporate Responsibility Website—Staff Benefits and Salaries [http://crinfo.worldbank.org/wbcrinfo/ node/19#Staffsalaries] 41 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS SOCIAL: LABOR PRACTICES AND DECENT WORK ASPECT: OCCUPATIONAL HEALTH AND SAFETY (Aspect: Occupational Health The World Bank values the diversity, health, safety, and security of its 12,000+ staff and consultants who and Safety) work in Washington, DC, and in more than 130 countries worldwide. Many employees travel throughout Management Approach the world, thus the World Bank views proper and convenient health care as an important service. The Health Services Department (HSD) serves the staff and management by promoting good health and contributing to a healthy work environment. A Health and Safety Working Group acts as an advisory group to senior management with the aim of providing recommendations to address health and safety issues. A new Occupational Health and Safety Committee reporting to the Senior Management Team will be tasked with developing, implementing, and monitoring an occupational health and safety policy that will apply to our employees worldwide. The committee will help guide a global occupational health and safety manage- ment system to enhance the efficiency and sustainability of the Bank’s workforce and optimize our capacity to accomplish our goals. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Occupational Health The World Bank’s Health and Safety Working Group meets quarterly to dis- Partial and Safety) cuss health and safety issues related to staff. The group includes occupational G4-LA5 Percentage of total health specialists, environmental consultants, and representatives from the workforce represented in Facilities Management, Security, Fire and Safety, Legal, Procurement, Human formal joint management- Resources, Staff Association, and other departments from both the Bank worker health and safety Group and the IMF. In addition, the Bank’s Staff Association has a dedicated committees that help monitor working group to address staff health issues. Most of the workforce is repre- and advise on occupational sented in the WBG’s Health and Safety Working Group and Staff Association. health and safety programs For more information about the Bank Health Services, see Corporate Respon- sibility Website—Staff Health and Safety discussion (Aspect: Occupational Health Third-party partner programs (REED Group) monitor the effectiveness of re- Partial and Safety) turn-to-work programs and minimize absenteeism through active participation G4-LA6 Type of injury and in return-to-work management for staff. Data analysis and interpretation are rates of injury, occupational limited to ad hoc reports at present but will contribute to a future annual report diseases, lost days, and of major health and cost indicators for the Bank. According to worker’s com- absenteeism, and total pensation claims for fiscal 2012, the most recent year for which data are avail- number of work-related able, the rate of work-related injuries and work-related fatalities remained at 0.4 fatalities, by region and by of population (based on all staff, including extended-term consultants), with gender 55 incidences reported, down slightly from fiscal 2010’s incidence rate of 0.5, when 77 incidences were reported. In fiscal 2012, fractures (18 percent), sprains and strains (14 percent), and musculoskeletal issues (11 percent) accounted for 43 percent of all cases reported. The total cost of worker’s compensation in fiscal 2012 equaled $133,000, considerably lower than in fiscal 2011, which totaled $400,000, itself about half the amount claimed in fiscal 2010 (more than $800,000). Overall, the main location of claims was in Washington, DC. Fiscal 2014 figures were not available at the time of printing but will be up- dated on the Sustainability Review Website. For more information, see: Staff Health and Safety discussion: http://crinfo.worldbank.org 42 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS SOCIAL: LABOR PRACTICES AND DECENT WORK ASPECT: TRAINING AND EDUCATION (Aspect: Training and The World Bank values the diversity, health, safety, and security of its 12,000+ staff and consultants who Education) work in Washington, DC, and in more than 130 countries worldwide. Management Approach The aim of the Bank’s investment in staff learning is to ensure that learning is a strategic tool for the organization, so that staff members have the cutting-edge knowledge and skills to carry out the Bank’s mission. Bank Senior Management endorsed the Staff Learning Strategy in April 2010, which outlines three complementary and mu- tually reinforcing pillars: Corporate Core Curriculum (includes on-boarding of new staff, operational learning, and management and leadership development), Professional and Technical Learning, and Unit and Individual Learning (such as languages for business purposes, mentoring, and behavioral skills). Crosscutting principles underpinning the Learning Strategy are ensuring geographically neutral access to learning, more on-the-job learning and less formal classroom learning, common quality assurance processes, and linkage with competen- cies. The Bank offers a broad range of learning resources via online and face-to-face sessions through its internal learning program. Funding support for external training or education is made possible based on annual discus- sions between staff and managers on individual yearly learning plans. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Training and In the 12-month period ending fourth quarter fiscal 2014, 82 percent of the sal- Full Education) aried workforce attended at least one learning event, not including the corporate G4-LA9 Average hours mandatory programs: 77 percent based in country offices and 85 percent based of training per year per in headquarters (Washington, DC). These individuals attended the equivalent of employee by gender, and by 47,183 days of training; averaging 3.8 days (30.4 hours) per staff member, with employee category 3.6 days (28.2 hours) taken by CO-based staff and 4.0 days (32 hours) taken by HQ-based staff. Investment in staff learning dropped 15 percent from fiscal 2013 levels and dropped 13 percent from fiscal 2012 levels. Through the end of fourth quarter fiscal 2014, the World Bank invested $65.9 million in staff learning, of which 48 percent was spent on developing and delivering learning activities, and 52 percent was spent to cover direct and indirect expenses for staff members to participate in learning (provided internally or from external providers), includ- ing staff time and other costs. Average hours of training participated in fiscal 2014 by 1. Support Staff = 25.6 hrs 2. Analyst grade = 21.6 hrs 3. Specialist and Senior Specialist grade = 36.8 hrs 4. Lead grade = 20.8 hrs This data is not tracked by gender. 43 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS SOCIAL: LABOR PRACTICES AND DECENT WORK Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Training and At least once in a 12 month period, the manager or designated supervisor Full Education) performs a review of the World Bank staff member (excludes short-term ap- G4-LA11 Percentage of pointees). The evaluation covers the staff member’s performance, achievements, employees receiving regular strengths, areas for improvement, and future development needs. It is encour- performance and career aged that there be ongoing feedback, which takes place throughout the per- development reviews, by formance year about the staff member’s work program. The conversation also gender and by employee touches upon plans for the upcoming performance cycle and training needs. category The Performance Management Process is outlined in the Staff Manual 5.03. In fiscal 2013, Performance Evaluations completed (percent of confirmed staff) = 94 percent female / 95 percent male; Simultaneously, fiscal 2014 career development conversation completed (percent of active staff with completed career development conversations—respondents only) = 74 percent female / 71 percent male. ASPECT: DIVERSITY AND EQUAL OPPORTUNITY (Aspect: Diversity and Equal World Bank staff are located in offices in more than 130 countries, working in core finance, administra- Opportunity) tive, legal, economics, and technical specializations in more than 20 sectors. They bring to the Bank and Management Approach its mission an impressive breadth and depth of professional expertise, academic background, industry, and international experience. Consistently in staff surveys, a large majority of staff agree that they work in a climate in which diverse perspectives are valued, where we treat each other with respect, and where we feel encouraged to find new and better ways of doing things. Staff are drawn to and energized by the Bank Group’s vibrant and dynamic multicultural environment, making diversity and inclusion a key element of our employment value proposition. The World Bank recognizes that meeting the demands and needs of our diverse client base more effectively means we must bring to bear a range of ideas and perspectives to finding the best solution to the devel- opment challenge at hand. Achieving shared prosperity in a sustainable way is, by definition, about equal opportunity, empowerment, and economic and social inclusion. The Articles of Agreement for IBRD and IDA emphasize the need to “pay due regard to the importance of recruiting personnel on as wide a geographical basis as possible” when appointing Bank officers and staff, “subject to the paramount importance of securing the highest standards of efficiency and of technical com- petence.” This directive was reiterated in the 1983 Principles of Staff Employment approved by the Executive Directors to set forth the broad policies according to which the President shall manage staff. In addition, the Principles direct the Bank to “encourage diversity in staffing consistent with the nature and objectives of the organizations.” In addition to reflecting our global nature, the importance of staff diversity in enhancing the effectiveness and credibility of our institutions has been underscored by ongoing reforms to increase the voice and participation of emerging markets and developing countries in the Bank. Indeed, it is incumbent upon us to consider how we organize and manage ourselves internally as we ask the world, for example, to embrace inclusion as a principle that is core to poverty alleviation and development, or to “Think Equal for Women and Girls.” We describe in our mission statement the work environment we strive to maintain: “an excellent institution able to attract, excite, and nurture diverse and committed staff with exceptional skills, who know how to listen and learn,” underpinned by the core values of working together in teams, with openness and trust, empowering others and respecting differences. 44 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS SOCIAL: LABOR PRACTICES AND DECENT WORK Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Diversity and Equal World Bank Boards of Governors and Directors: Representatives to the World Full Opportunity) Bank Boards are determined by member countries. Of the 22 Executive Board G4-LA12 Composition members (3 chairs are currently vacant), two were women, one less than the of governance bodies and year before. For more information about the Boards of Directors, see: http:// breakdown of employees per worldbank.org/about employee category according 2014 % 2013 % 2012 % to gender, age group, minority group membership, Females 2 9.09% 3 13.64% 6 24.00% and other indicators of Males 20 90.91% 19 86.36% 19 76.00% diversity Total EDs 22 22 25 Women currently account for 52 percent of all staff and 38 percent of management positions. Nationals of developing countries account for 61 percent of all staff and 41 percent of management positions. Sub-Saharan African and Caribbean nation- als represent 15 percent of all staff and 12 percent of management positions. Since 1998, nationality, gender, and race have been the dimensions of diversity for which we have set and monitored quantitative targets for the Bank Group. Nationality has been measured in the aggregate by Part I/II contributing member status, while Sub-Saharan African and Caribbean (SSA/CR) national- ity has served as the proxy for race. ASPECT: LABOR PRATICES GRIVANCE MECHANISMS (Aspect: Labor Practices The Bank considers the diversity of its staff a strategic business asset. We work to build and retain a globally Grievance Mechanisms) representative workforce that has a voice with and is valued by the organization. Management Approach The World Bank Group’s Internal Justice Services (IJS) provides staff a forum to resolve conflicts as early, as informally, and as constructively as possible. The usage statistics bear this out, as the majority of staff mem- bers seek advice and redress through the informal systems (Ombuds Office, Respectful Workplace Advisors, and Mediation Services). The World Bank also has an independent judicial forum of last resort for the res- olution of cases submitted by Bank staff members alleging nonobservance of their contracts of employment or terms of appointment. The Administrative Tribunal is composed of seven judges, none of whom is a Bank staff member. The judges are appointed by the Executive Directors for fixed terms. The tribunal’s decisions are final and binding. Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Labor Practices In fiscal 2014, there was a significant increase in staff that used internal justice Full Grievance Mechanisms) services. There has also been an increase in staff filing cases with Peer Review. G4-LA16 Number of The number of cases going to the Administrative Tribunal has also increased. grievances about labor A concerted outreach effort to staff in country offices has resulted in more practices filed, addressed, field-based staff using the IJS services. Exact numbers for fiscal 2014 are not and resolved through formal available at the time of publication. grievance mechanisms In fiscal 2013, Respectful Workplace Advisors saw 535 visitors; Ombuds Services saw 552 visitors; Mediation Services opened 129 cases; Peer Review Services re- viewed 58 cases; and 17 cases were filed in World Bank Administrative Tribunal. Mediation Services: 57 cases were resolved through mediation; 40 were referred to other services; 22 either did not go forward or were withdrawn; 4 were settled before mediation; and 6 are still pending.  Peer Review Services: 41 cases closed, of which 23 were adjudicated, 13 were withdrawn, and five were dismissed for lack of jurisdiction.  World Bank Administrative Tribunal: 13 cases were adjudicated, of which 10 were brought forward from fiscal 2012, and three were new cases filed. 45 GRI Index Fiscal 2014 CORPORATE PERFORMANCE INDICATORS SOCIAL: HUMAN RIGHTS ASPECT: NONDISCRIMINATION (Aspect: Nondiscrimination) The World Bank considers the diversity of its staff a strategic business asset. The World Bank Group’s Code Management Approach of Conduct defines discrimination as “the unjustifiable differentiation between individuals or groups within staff. Discrimination can be based on characteristics such as race, color, gender, language, physical ability, religion, political or other opinion, national or social origin, or sexual orientation.” It stipulates that each individual has a role to play in preventing discrimination in the workplace. The World Bank Group Office of Ethics and Business Conduct (EBC) promotes the development and appli- cation of high ethical standards by staff members in the performance of their duties. It ensures staff mem- bers understand their ethical obligations to the World Bank as embodied in its core values and the various rules, policies, and guidelines under which they operate. The office is accessible to all staff members, their families, and World Bank Group clients and vendors. It can be contacted anonymously through the Ethics Helpline (ethics_helpline@worldbank.org), anytime, anywhere. In addition, the Integrity Vice Presidency advises operational staff on preventing fraud and corruption in operations. Within the department, preven- tion and forensic accounting specialists advise task teams on how to mitigate operational vulnerabilities to fraud and corruption, in both the design and implementation phases of projects. Stakeholders can report fraud and corruption in Bank-financed projects via the INT hotline (investigations_hotline@worldbank.org or 1-800-831-0463). For more information, see: Code of Conduct [http://www.worldbank.org/ethics] Level of External Indicator Description 2014 Response Disclosure Assurance (Aspect: Nondiscrimination) The Office of Ethics and Business Conduct (EBC) handled four allegations of Full G4-HR3 Total number of discrimination, which includes all alleged cases, whether the allegation was incidents of discrimination found to be substantiated or not. and corrective actions taken The allegations received by the EBC include workplace grievances as well as duty of care matters, such as noncompliance with personal legal obligations, and issues involving fraud (such as benefits or travel fraud). A specific breakdown by category can be found in EBC’s annual report, which is publicly accessible on the Bank’s website. The allegations of discrimination were not substantiated; thus, no actions were required. 46 World Bank Lending 2014 WORLD BANK LENDING FISCAL 2014 Annual Report 2014 The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID) make up the institutions of the World Bank Group. The World Bank Group Strategy—adopted in October 2013—focuses on the delivery of transformational solutions, marshals the combined resources of the World Bank Group more effectively, and accelerates collaboration with the private sector and other development partners. In fiscal 2014, the World Bank, IFC, and MIGA collectively provided $65.6 billion in loans, grants, equity investments, and guarantees to partner countries and private businesses—including to multiregional and global projects. 1 World Bank Lending │ Fiscal 2014 The World Bank is comprised of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), and it is committed to the goals of ending extreme poverty and boosting shared prosperity and to achieving both goals in a sustainable manner. The World Bank provides financing, knowledge, and convening services that help client countries address their most important development challenges. This year, the World Bank has undergone a historic institutional change. The implementation of this change improves the World Bank’s ability to tailor solutions to specific development challenges in such areas as institutions and governance; human development and gender; sustainable development; and finance, trade, and private sector development. Solutions-oriented, focused on clients, accountable for quality results, dedicated to financial integrity and cost-effectiveness, inspired and innovative, the World Bank is committed to improving the lives of roughly a billion people now living in extreme poverty. 2 World Bank Lending │ Fiscal 2014 The International Bank for The International Development Reconstruction and Development (IBRD) Association (IDA) Established 1944 │ 188 member countries Established 1960 │ 173 member countries Fiscal 2014 commitments Fiscal 2014 commitments $18.6 billion for 95 approved $22.2 billion for 249 approved operations in 41 countries operations in 74 countries Cumulative lending (since 1945) Cumulative lending (since 1960) $605.5 billion $290.9 billion Note: Regional operations have been excluded from the country count, and joint IBRD-IDA operations are counted only once, as IBRD operations. 3 World Bank Lending │ Fiscal 2014 IBRD and IDA Board of Executive Directors and Alternates as of June 30, 2014 President of the World Bank Group and Chairman of the Board of Executive Directors Dr. Jim Yong Kim Executive Directors Alternates Gino Alzetta Gulsum Yazganarikan Sundaran Annamalai Boonchai Charassangsomboon Omar Bougara Nasir Mahmood Khosa Juan Jose Bravo (vacant) Shixin Chen Bin Han Piero Cipollone Nuno Mota Pinto Hervé de Villeroché Arnaud Delaunay Cesar Guido Forcieri Ricardo Raineri Jorg Frieden Wieslaw Szczuka Vadim Grishin Eugene Miagkov Merza H. Hasan Karim Wissa Frank Heemskerk Roman Zhukovskyi Gwen Hines Clare Roberts Denny H. Kalyalya Louis Rene Peter Larose Agapito Mendes Dias Mohamed Sikieh Kayad Mansur Muhtar Ana Lourenco Mukesh Prasad Mohammad Tareque Satu-Leena Santala Giedre Balcytyte Alister Smith Janet Harris Hideaki Suzuki Daiho Fujii Roberto Tan Rogerio Studart Michael Willcock Bok-Hwan Yu (vacant) Ibrahim Alturki (vacant) Sara Margalit Aviel (vacant) Wilhelm Rissmann 4 World Bank Lending │ Fiscal 2014 Fiscal Year Highlights In fiscal 2014, the World Bank (IBRD/IDA) committed $40.8 billion to partner countries, distributed in credits, loans, grants, and guarantees. Fiscal Year Highlights In fiscal 2014, IBRD committed $18.6 billion for 95 new operations in 41 countries. IDA committed $22.2 billion for 249 new operations in 74 countries. Fiscal Year Highlights IBRD’s $18.6 billion lending volume was higher than the precrisis historical average ($13.5 billion a year in fiscal 2005-08) as well as the $15.2 billion committed in fiscal 2013. Fiscal Year Highlights IDA commitments amounted to $22.2 billion in fiscal 2014, including $18.5 billion in credits, $2.8 billion in grants, and $937 million in guarantees. The largest share of resources was committed to Africa ($10.2 billion), followed by South Asia ($8.5 billion). Note As a result of rounding, numbers in the following figures may not add to totals, and percentages in figures may not add to 100. All dollar amounts reported are current U.S. dollars. IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $40.8 billion 26% 26% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 7% Middle East and North Africa South Asia 15% 12% 14% 10 World Bank Lending │ Fiscal 2014 IBRD and IDA Lending by Sector │ Fiscal 2014 Share of total lending of $40.8 billion Agriculture, Fishing, and Forestry Education 11% 7% 8% Energy and Mining Finance 17% Health and Other Social Services 16% Industry and Trade Information and Communications 5% Public Administration, Law, and 22% 8% Justice Transportation 1% 4% Water, Sanitation, and Flood Protection 11 World Bank Lending │ Fiscal 2014 IBRD and IDA Lending by Theme │ Fiscal 2014 Share of total lending of $40.8 billion Economic Management Environment and Natural Resources 11% 2% 10% Management Financial and Private Sector 4% Development Human Development 9% 20% Public Sector Governance 3% Rule of Law Rural Development 16% Social Development, Gender, and 13% Inclusion 1% Social Protection and Risk 13% Management Trade and Integration 12 World Bank Lending │ Fiscal 2014 IBRD Top-10 Borrowers │ Fiscal 2014 $2,500 $2,019 $1,975 $2,000 Commitments ($ millions) $1,615 $1,500 $1,382 $1,374 $1,279 $1,096 $1,072 $1,000 $870 $500 $426 $0 13 World Bank Lending │ Fiscal 2014 IDA Top-10 Borrowers │ Fiscal 2014 $3,500 $3,134 $3,000 $2,500 Commitments ($ millions) $2,218 $2,000 $1,888 $1,698 $1,624 $1,500 $1,341 $1,000 $764 $753 $612 $500 $442 $0 14 World Bank Lending │ Fiscal 2014 Regional Lending by Theme and Sector Africa Regional Snapshot 16 World Bank Lending │ Fiscal 2014 IDA Lending by Region │ Fiscal 2014 The largest share of IDA lending went to Africa Share of total lending of $22.2 billion Africa 38% East Asia and Pacific 46% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 1% 2% 4% 10% 17 World Bank Lending │ Fiscal 2014 Africa IBRD and IDA Lending by Sector │ Fiscal 2014 Share of total lending of $10.6 billion Agriculture, Fishing, and Forestry Education 12% 11% Energy and Mining 7% Finance 14% Health and Other Social Services 18% Industry and Trade Information and Communications 20% Public Administration, Law, and 4% Justice 1% 5% 9% Transportation Water, Sanitation, and Flood Protection 18 World Bank Lending │ Fiscal 2014 Africa IBRD and IDA Lending by Theme │ Fiscal 2014 Share of total lending of $10.6 billion Economic Management Environment and Natural Resources 1% 13% 11% Management Financial and Private Sector Development 7% Human Development 19% Public Sector Governance 10% Rule of Law 2% Rural Development 11% Social Development, Gender, and Inclusion 16% <1% 8% Social Protection and Risk Management Trade and Integration 19 World Bank Lending │ Fiscal 2014 East Asia and Pacific Regional Snapshot 20 World Bank Lending │ Fiscal 2014 East Asia and Pacific IBRD and IDA Lending by Sector │ Fiscal 2014 Share of total lending of $6.3 billion Agriculture, Fishing, and Forestry Education 5% 9% Energy and Mining 9% Finance 30% Health and Other Social Services 13% Industry and Trade 1% Information and Communications 8% Public Administration, Law, and Justice 4% 20% 1% Transportation Water, Sanitation, and Flood Protection 21 World Bank Lending │ Fiscal 2014 East Asia and Pacific IBRD and IDA Lending by Theme │ Fiscal 2014 Share of total lending of $6.3 billion Economic Management Environment and Natural Resources <1% 11% 14% Management Financial and Private Sector Development 3% Human Development 10% 22% Public Sector Governance Rule of Law 5% Rural Development Social Development, Gender, and 13% 12% Inclusion Social Protection and Risk 11% Management Trade and Integration 22 World Bank Lending │ Fiscal 2014 Europe and Central Asia Regional Snapshot 23 World Bank Lending │ Fiscal 2014 IBRD Lending by Region │ Fiscal 2014 The largest share of IBRD lending went to Europe and Central Asia Share of total lending of $18.6 billion 11% 2% 23% 14% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 25% 25% 24 World Bank Lending │ Fiscal 2014 Europe and Central Asia IBRD and IDA Lending by Sector │ Fiscal 2014 Share of total lending of $5.5 billion Agriculture, Fishing, and Forestry Education 9% 8% 2% 2% Energy and Mining Finance 22% Health and Other Social Services 31% Industry and Trade Information and Communications 8% Public Administration, Law, and Justice <1% 10% Transportation 8% Water, Sanitation, and Flood Protection 25 World Bank Lending │ Fiscal 2014 Europe and Central Asia IBRD and IDA Lending by Theme │ Fiscal 2014 Share of total lending of $5.5 billion Economic Management Environment and Natural Resources 14% 6% Management 4% Financial and Private Sector Development 1% Human Development 7% Public Sector Governance 25% Rule of Law 11% Rural Development 1% Social Development, Gender, and Inclusion 19% 12% Social Protection and Risk Management Trade and Integration 26 World Bank Lending │ Fiscal 2014 Latin America and the Caribbean Regional Snapshot 27 World Bank Lending │ Fiscal 2014 Latin America and the Caribbean IBRD and IDA Lending by Sector │ Fiscal 2014 Share of total lending of $5.1 billion Agriculture, Fishing, and Forestry Education 12% 5% 13% Energy and Mining Finance 1% 15% 2% Health and Other Social Services Industry and Trade 14% Information and Communications 3% Public Administration, Law, and Justice 36% Transportation Water, Sanitation, and Flood Protection 28 World Bank Lending │ Fiscal 2014 Latin America and the Caribbean IBRD and IDA Lending by Theme │ Fiscal 2014 Share of total lending of $5.1 billion Economic Management Environment and Natural Resources 1% 9% Management 15% 3% Financial and Private Sector Development 1% Human Development 14% 11% Public Sector Governance Rule of Law 8% Rural Development Social Development, Gender, and 8% Inclusion 31% Social Protection and Risk Management Trade and Integration 29 World Bank Lending │ Fiscal 2014 Middle East and North Africa Regional Snapshot 30 World Bank Lending │ Fiscal 2014 Middle East and North Africa IBRD and IDA Lending by Sector │ Fiscal 2014 Share of total lending of $2.8 billion Agriculture, Fishing, and Forestry 6% 4% Education 8% Energy and Mining 15% Finance Health and Other Social Services 28% Industry and Trade 19% Information and Communications Public Administration, Law, and Justice 8% 4% 8% Transportation Water, Sanitation, and Flood Protection 31 World Bank Lending │ Fiscal 2014 Middle East and North Africa IBRD and IDA Lending by Theme │ Fiscal 2014 Share of total lending of $2.8 billion Economic Management 1% Environment and Natural Resources 9% 2% Management 1% 10% Financial and Private Sector 4% Development Human Development Public Sector Governance 17% Rule of Law 31% Rural Development 7% Social Development, Gender, and Inclusion 15% 5% Social Protection and Risk Management Trade and Integration 32 World Bank Lending │ Fiscal 2014 South Asia Regional Snapshot 33 World Bank Lending │ Fiscal 2014 South Asia IBRD and IDA Lending by Sector │ Fiscal 2014 Share of total lending of $10.5 billion Agriculture, Fishing, and Forestry Education 13% 5% Energy and Mining 14% Finance Health and Other Social Services 22% Industry and Trade 23% Information and Communications Public Administration, Law, and Justice 13% <1% 2% Transportation 4% 3% Water, Sanitation, and Flood Protection 34 World Bank Lending │ Fiscal 2014 South Asia IBRD and IDA Lending by Theme │ Fiscal 2014 Share of total lending of $10.5 billion Economic Management Environment and Natural Resources 6% 4% Management 3% 10% Financial and Private Sector 9% Development Human Development <1% Public Sector Governance 21% Rule of Law 23% Rural Development Social Development, Gender, and Inclusion <1% 17% 6% Social Protection and Risk Management Trade and Integration 35 World Bank Lending │ Fiscal 2014 Lending by Sector Agriculture, Fishing, and Forestry IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $3.1 billion 17% 4% 37% Africa East Asia and Pacific Europe and Central Asia 7% Latin America and the Caribbean Middle East and North Africa South Asia 15% 20% 37 World Bank Lending │ Fiscal 2014 Education IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $3.5 billion 20% Africa 42% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 16% Middle East and North Africa South Asia 3% 19% 38 World Bank Lending │ Fiscal 2014 Energy and Mining IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $6.7 billion 29% 37% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 12% 3% 1% 18% 39 World Bank Lending │ Fiscal 2014 Finance IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $2.0 billion 10% 20% Africa East Asia and Pacific 3% Europe and Central Asia Latin America and the Caribbean 39% Middle East and North Africa South Asia 23% 4% 40 World Bank Lending │ Fiscal 2014 Health and Other Social Services IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $3.4 billion 13% 6% 29% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 21% Middle East and North Africa South Asia 15% 16% 41 World Bank Lending │ Fiscal 2014 Industry and Trade IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $1.8 billion 20% 27% Africa East Asia and Pacific 6% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 8% South Asia 14% 25% 42 World Bank Lending │ Fiscal 2014 Information and Communications IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $381 million 6% 20% Africa East Asia and Pacific Europe and Central Asia 14% Latin America and the Caribbean Middle East and North Africa South Asia 57% 3% 43 World Bank Lending │ Fiscal 2014 Public Administration, Law, and Justice IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $8.8 billion 15% 24% 6% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 21% 14% South Asia 19% 44 World Bank Lending │ Fiscal 2014 Transportation IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $6.9 billion 21% 34% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 27% 6% 11% 1% 45 World Bank Lending │ Fiscal 2014 Water, Sanitation, and Flood Protection IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $4.3 billion 33% 30% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 4% 8% 14% 12% 46 World Bank Lending │ Fiscal 2014 Lending by Theme Economic Management IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $955 million 10% 3% Africa 40% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 35% South Asia 5% 7% 48 World Bank Lending │ Fiscal 2014 Environment and Natural Resources Management IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $3.9 billion 28% 30% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 7% South Asia 12% 17% 6% 49 World Bank Lending │ Fiscal 2014 Financial and Private Sector Development IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $8.0 billion 28% 26% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 11% 17% 2% 17% 50 World Bank Lending │ Fiscal 2014 Human Development IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $5.2 billion 23% 34% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 15% South Asia 2% 13% 12% 51 World Bank Lending │ Fiscal 2014 Public Sector Governance IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $5.3 billion 12% 17% 8% Africa East Asia and Pacific 13% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 29% 20% 52 World Bank Lending │ Fiscal 2014 Rule of Law IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $292 million 1% 12% Africa East Asia and Pacific 23% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 65% 53 World Bank Lending │ Fiscal 2014 Rural Development IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $6.4 billion 27% Africa 38% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 12% 7% 9% 6% 54 World Bank Lending │ Fiscal 2014 Social Development, Gender, and Inclusion IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $1.1 billion 2% 10% 23% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 37% South Asia 28% 55 World Bank Lending │ Fiscal 2014 Social Protection and Risk Management IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $3.6 billion 27% 29% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 1% Middle East and North Africa South Asia 15% 17% 11% 56 World Bank Lending │ Fiscal 2014 Trade and Integration IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $1.6 billion 20% Africa East Asia and Pacific 45% Europe and Central Asia Latin America and the Caribbean 15% Middle East and North Africa South Asia 4% 4% 12% 57 World Bank Lending │ Fiscal 2014 Urban Development IBRD and IDA Lending by Region │ Fiscal 2014 Share of total lending of $4.5 billion 14% 1% 32% Africa East Asia and Pacific 17% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 17% 19% 58 World Bank Lending │ Fiscal 2014 Regional Lending History Africa Total IBRD and IDA Lending │ Fiscal 2010-14 $14,000 $12,000 $8,203 $10,616 $10,000 Commitments ($ millions) $8,245 $8,000 $7,525 $7,060 $6,000 $4,000 $2,000 $0 2010 2011 2012 2013 2014 60 World Bank Lending │ Fiscal 2014 East Asia and Pacific Total IBRD and IDA Lending │ Fiscal 2010-14 $9,000 $7,997 $8,000 $7,517 $7,000 $6,628 $6,247 $6,313 Commitments ($ millions) $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 2010 2011 2012 2013 2014 61 World Bank Lending │ Fiscal 2014 Europe and Central Asia Total IBRD and IDA Lending │ Fiscal 2010-14 $12,000 $10,816 $10,000 Commitments ($ millions) $8,000 $6,595 $6,125 $6,000 $5,527 $5,320 $4,000 $2,000 $0 2010 2011 2012 2013 2014 62 World Bank Lending │ Fiscal 2014 Latin America and the Caribbean Total IBRD and IDA Lending │ Fiscal 2010-14 $16,000 $13,907 $14,000 $12,000 Commitments ($ millions) $10,000 $9,629 $8,000 $6,629 $6,000 $5,204 $5,068 $4,000 $2,000 $0 2010 2011 2012 2013 2014 63 World Bank Lending │ Fiscal 2014 Middle East and North Africa Total IBRD and IDA Lending │ Fiscal 2010-14 $4,000 $3,737 $3,500 $3,000 $2,788 Commitments ($ millions) $2,500 $2,065 $2,058 $2,000 $1,513 $1,500 $1,000 $500 $0 2010 2011 2012 2013 2014 64 World Bank Lending │ Fiscal 2014 South Asia Total IBRD and IDA Lending │ Fiscal 2010-14 $12,000 $11,334 $10,539 $10,130 $10,000 Commitments ($ millions) $8,000 $6,446 $6,000 $4,474 $4,000 $2,000 $0 2010 2011 2012 2013 2014 65 World Bank Lending │ Fiscal 2014 For more information visit www.worldbank.org/annualreport2014 66 World Bank Lending │ Fiscal 2014