MOPAN released its most recent assessment of the World Bank (IDA/IBRD) in 2023.
The World Bank (IDA/IBRD) was established in 1944 to help war-torn Europe rebuild its infrastructure. The creation of IDA in 1960 addressed an important gap by providing resources to low-income countries (LICs) that face issues of creditworthiness, complementing IBRD’s activities. The World Bank continues to demonstrate overall strong performance across multiple areas, culminating in a strong delivery of development results.
Notable strengths include the Bank’s strategic vision, financial framework, strong country engagement model, integrated risk management, safeguarding approach and results-based and adaptive approach to programming. However, the assessment identified opportunities that speak to the World Bank's role as a global convener and solutions bank working at the nexus of the public and private sector. As the World Bank embarks on its evolution, there is room to: (i) better demonstrate the uptake of its knowledge and advisory work to development outcomes; (ii) adopt a more strategic and results-driven approach to partnerships at the country and global level; (iii) Work more coherently and systematically across the public and private sectors to create an enabling environment for investment; and (iv) measure its contribution to outcomes for global themes.
