World Bank Document

Annual Report 2020 Public Disclosure Authorized

Organizational Information and Public Disclosure Authorized Lending Data Appendixes

Public Disclosure Authorized Public Disclosure Authorized Table of Contents Lending Data ...... 4 Africa: World Bank Lending by Theme and Sector (Fiscal 2016–20) ...... 5 East Asia and Pacific: World Bank Lending by Theme and Sector (Fiscal 2016–20) ...... 6 Europe and Central Asia: World Bank Lending by Theme and Sector (Fiscal 2016–20) ...... 7 Latin America and the Caribbean: World Bank Lending by Theme and Sector (Fiscal 2016–20) ...... 8 Middle East and North Africa: World Bank Lending by Theme and Sector (Fiscal 2016–20) ...... 9 South Asia: World Bank Lending by Theme and Sector (Fiscal 2016–20) ...... 10 Africa: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2016–20) ...... 11 East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2016–20) ...... 12 Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2016–20) ...... 13 Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2016–20) ...... 14 Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2016–20) ...... 15 South Asia: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2016–20) ...... 16 Operations Approved for IBRD and IDA Assistance, by Region and Country (Fiscal 2020) ...... 17 World Bank Development Policy Operations (Fiscal 2020) ...... 20 World Bank Development Policy Commitments (Fiscal 2016–20) ...... 22 IBRD and IDA Cumulative Lending, by Country (Fiscal 1945–2020) ...... 23 Active Project Portfolio by Region and Sector (June 30, 2020) ...... 28 New Operations Approved ...... 29 Summaries of Operations Approved during Fiscal 2020, All Regions ...... 30 Poverty Estimates and Income by Region ...... 56 Regional Poverty Estimates (1981-2018) ...... 57 Population living below $1.90 a day (millions, 2011 PPP) Population living below $1.90 a day (% of population, 2011 PPP) Population living below $3.20 a day (millions, 2011 PPP) Population living below $3.20 a day (% of population, 2011 PPP) Gross Domestic Product per Capita Index, 2005–19 ...... 58 Organizational Information ...... 59 Governors and Alternates of the World Bank ...... 60 Executive Directors and Alternates of the World Bank and Their Voting Power ...... 67 Development Committee Communique (October 19, 2019) ...... 71 Development Committee Communique (April 17, 2020) ...... 73 Officers of the World Bank ...... 75 Organization Chart of the World Bank (April 9, 2020) ...... 76 Annual Remuneration Disclosure Notice ...... 77 Offices of the World Bank ...... 80 International Bank for Reconstruction and Development Membership ...... 87 International Development Association Membership ...... 92 Country Eligibility for Borrowing from the World Bank ...... 97 World Bank Expenditures by Organizational Unit ...... 100 World Bank Lending (Fiscal 2020) ...... 101 Global Reporting Initiative (GRI) Index – Fiscal Year 2020 ...... 166

Annual Report 2020

Lending Data

Africa: World Bank Lending by Theme and Sector | Fiscal 2016–20 millions of dollars

Theme 2016 2017 2018 2019 2020

Economic Policy — 1,002 401 448 784 Environment and Natural Resource Management — 4,258 6,757 6,649 7,648 Finance — 333 1,152 1,954 1,497 Human Development and Gender — 3,621 4,274 4,533 10,038 Private Sector Development — 3,409 2,805 3,340 4,632 Public Sector Management — 1,689 2,893 1,341 3,297 Social Development and Protection — 1,278 2,129 1,899 3,087 Urban and Rural Development — 5,643 6,031 4,336 5,386

Sector 2016 2017 2018 2019 2020

Agriculture, Fishing, and Forestry 538 1,352 1,301 1,717 1,432 Education 865 960 1,285 1,143 3,064 Energy and Extractives 1,708 1,618 3,100 3,288 2,406 Financial Sector 234 124 261 774 560 Health 940 594 1,143 1,353 2,733 Industry, Trade, and Services 465 961 1,327 1,252 1,708 Information and Communications Technologies 44 274 226 471 765 Public Administration 1,005 1,360 3,945 1,855 3,556 Social Protection 2,294 774 1,433 1,515 2,639 Transportation 720 2,130 660 651 630 Water, Sanitation, and Waste Management 552 1,694 1,850 1,004 1,333

Sector Total 9,365 11,842 16,530 15,022 20,826

Of which IBRD 669 1,163 1,120 820 1,725 Of which IDA 8,696 10,679 15,410 14,202 19,101

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

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

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes. East Asia and Pacific: World Bank Lending by Theme and Sector | Fiscal 2016–20 millions of dollars

Theme 2016 2017 2018 2019 2020

Economic Policy — 736 615 749 201 Environment and Natural Resource Management — 1,865 2,091 2,119 2,976 Finance — 1,001 22 668 967 Human Development and Gender — 1,225 993 1,551 3,347 Private Sector Development — 916 570 637 1,424 Public Sector Management — 441 252 1,546 556 Social Development and Protection — 324 244 830 1,078 Urban and Rural Development — 3,474 2,259 1,634 2,491

Sector 2016 2017 2018 2019 2020

Agriculture, Fishing, and Forestry 706 523 694 268 1,195 Education 321 368 216 369 435 Energy and Extractives 2,093 218 96 374 763 Financial Sector 285 135 14 61 702 Health 145 679 390 282 725 Industry, Trade, and Services 427 1,237 959 340 330 Information and Communications Technologies - 207 80 140 214 Public Administration 940 736 400 2,144 1,388 Social Protection 270 440 286 459 921 Transportation 1,329 1,445 379 509 236 Water, Sanitation, and Waste Management 985 1,120 1,099 357 360

Sector Total 7,500 7,106 4,612 5,302 7,269

Of which IBRD 5,176 4,403 3,981 4,030 4,770 Of which IDA 2,324 2,703 631 1,272 2,499

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes. Europe and Central Asia: World Bank Lending by Theme and Sector | Fiscal 2016–20 millions of dollars

Theme 2016 2017 2018 2019 2020

Economic Policy — 54 128 146 444 Environment and Natural Resource Management — 2,573 2,094 1,981 2,343 Finance — 967 1,343 594 1,173 Human Development and Gender — 436 785 1,710 3,708 Private Sector Development — 1,613 864 791 1,643 Public Sector Management — 1,057 520 271 511 Social Development and Protection — 72 481 188 1,418 Urban and Rural Development — 691 1,759 2,166 1,849

Sector 2016 2017 2018 2019 2020

Agriculture, Fishing, and Forestry 47 358 122 485 356 Education 103 120 24 574 397 Energy and Extractives 151 2,205 1,064 512 873 Financial Sector 1,290 760 818 458 587 Health 214 202 144 108 1,290 Industry, Trade, and Services 1,254 133 798 513 729 Information and Communications Technologies 39 8 129 116 248 Public Administration 1,124 648 761 1,057 736 Social Protection 411 140 254 215 1,101 Transportation 2,168 608 332 93 443 Water, Sanitation, and Waste Management 471 127 63 202 435

Sector Total 7,271 5,309 4,508 4,332 7,196

Of which IBRD 7,039 4,569 3,550 3,749 5,699 Of which IDA 233 739 958 583 1,497

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes. Latin America and the Caribbean: World Bank Lending by Theme and Sector | Fiscal 2016–20 millions of dollars

Theme 2016 2017 2018 2019 2020

Economic Policy — 387 322 442 401 Environment and Natural Resource Management — 1,520 2,066 1,671 2,455 Finance — 794 551 1,230 1,537 Human Development and Gender — 1,039 1,629 1,747 3,368 Private Sector Development — 1,488 918 1,035 691 Public Sector Management — 942 68 671 1,163 Social Development and Protection — 186 730 1,031 1,330 Urban and Rural Development — 2,450 1,608 1,507 1,916

Sector 2016 2017 2018 2019 2020

Agriculture, Fishing, and Forestry 145 335 322 161 290 Education 1,090 577 572 497 386 Energy and Extractives 227 520 535 252 260 Financial Sector 591 206 72 735 1,346 Health 736 217 761 339 920 Industry, Trade, and Services 1,159 638 166 1,034 278 Information and Communications Technologies 0.3 122 13 46 260 Public Administration 1,551 1,910 349 1,203 1,445 Social Protection 743 158 387 1,177 1,440 Transportation 1,173 573 666 127 453 Water, Sanitation, and Waste Management 803 621 483 569 700

Sector Total 8,218 5,877 4,326 6,140 7,777

Of which IBRD 8,035 5,373 3,898 5,709 6,798 Of which IDA 183 504 428 430 979

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes. Middle East and North Africa: World Bank Lending by Theme and Sector | Fiscal 2016–20 millions of dollars

Theme 2016 2017 2018 2019 2020

Economic Policy — 265 65 200 25 Environment and Natural Resource Management — 1,086 2,020 1,399 944 Finance — 562 208 967 975 Human Development and Gender — 1,093 2,436 1,490 2,325 Private Sector Development — 1,650 1,789 1,228 1,051 Public Sector Management — 903 578 334 802 Social Development and Protection — 962 1,112 749 1,009 Urban and Rural Development — 306 1,376 441 622

Sector 2016 2017 2018 2019 2020

Agriculture, Fishing, and Forestry 314 83 135 0 20 Education 70 100 750 571 96 Energy and Extractives 1,091 905 992 873 21 Financial Sector 445 866 62 983 166 Health 97 415 634 322 607 Industry, Trade, and Services 404 760 1,072 547 616 Information and Communications Technologies 145 183 62 308 325 Public Administration 1,345 1,331 713 845 624 Social Protection 31 776 1,168 681 1,137 Transportation 558 255 283 - - Water, Sanitation, and Waste Management 681 207 504 340 5

Sector Total 5,181 5,880 6,375 5,468 3,616

Of which IBRD 5,170 4,869 5,945 4,872 3,420 Of which IDA 11 1,011 430 596 197

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes. South Asia: World Bank Lending by Theme and Sector | Fiscal 2016–20 millions of dollars

Theme 2016 2017 2018 2019 2020

Economic Policy — 1,023 60 451 338 Environment and Natural Resource Management — 1,710 4,872 4,374 4,198 Finance — 1,180 866 550 1,834 Human Development and Gender — 1,744 4,032 4,056 5,986 Private Sector Development — 1,502 2,239 2,551 2,728 Public Sector Management — 420 871 1,263 1,036 Social Development and Protection — 661 1,128 478 1,536 Urban and Rural Development — 1,727 4,214 4,293 3,412

Sector 2016 2017 2018 2019 2020

Agriculture, Fishing, and Forestry 659 121 1,429 1,189 453 Education 769 723 1,675 489 795 Energy and Extractives 2,144 859 1,324 1,016 948 Financial Sector 256 1,015 83 159 874 Health 240 329 1,195 1,007 2,000 Industry, Trade, and Services 616 513 1,085 639 1,259 Information and Communications Technologies 43 228 232 310 275 Public Administration 646 723 1,035 1,332 804 Social Protection 120 404 675 233 1,734 Transportation 898 813 1,210 1,815 1,693 Water, Sanitation, and Waste Management 1,971 334 717 671 820

Sector Total 8,363 6,060 10,660 8,859 11,657

Of which IBRD 3,640 2,233 4,508 4,011 5,565 Of which IDA 4,723 3,827 6,152 4,849 6,092

Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes. Africa: World Bank Commitments, Disbursements, and Net Transfers l Fiscal 2016–20 Millions of US dollars

Ethiopia Nigeria Kenya Total Region Item 2020 2016-2020 2020 2016-2020 2020 2016-2020 2020 2016-2020

IBRD and IDA commitments 833 9,206 2,501 7,673 1,150 5,158 20,820 73,544 Undisbursed balances 3,186 3,186 6,435 6,435 2,686 2,686 36,733 36,733 Gross disbursements 2,172 7,918 1,010 4,991 2,156 5,142 14,460 49,014 Repayments 53 174 173 596 137 626 1,244 3,988 Net disbursements 2,119 7,744 837 4,395 2,019 4,516 13,216 45,025 Interest and charges 68 257 116 390 61 226 914 3,551 Net transfers 2,050 7,487 721 4,005 1,958 4,290 12,302 41,474

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2019 and 2020). 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 2016–20 Millions of US dollars

Indonesia China Philippines Total region Item 2020 2016-2020 2020 2016-2020 2020 2016-2020 2020 2016-2020

IBRD and IDA commitments 1,660 8,801 1,200 8,720 1,870 4,088 7,270 31,790 Undisbursed balances 4,226 4,226 7,212 7,212 977 977 20,740 20,740 Gross disbursements 897 8,423 1,494 8,326 2,122 4,425 6,268 28,840 Repayments 1,101 3,289 1,583 9,585 197 978 3,448 15,635 Net disbursements -204 5,134 -90 -1,258 1,925 3,447 2,819 13,206 Interest and charges 582 2,240 453 1,578 207 692 1,535 5,656 Net transfers -786 2,894 -543 -2,836 1,718 2,754 1,284 7,550

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2019 and 2020). 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 l Fiscal 2016–20 Millions of US dollars

Turkey Uzbekistan Ukraine Total region Item 2020 2016-2020 2020 2016-2020 2020 2016-2020 2020 2016-2020

IBRD and IDA commitments 1,855 5,567 1,184 4,024 635 3,795 7,196 28,617 Undisbursed balances 3,726 3,726 2,435 2,435 1,879 1,879 15,749 15,749 Gross disbursements 390 3,387 1,015 2,629 330 2,086 3,465 19,678 Repayments 566 4,159 42 141 282 1,356 3,138 15,852 Net disbursements -175 -772 974 2,488 48 730 327 3,825 Interest and charges 158 648 63 125 158 588 949 3,782 Net transfers -334 -1,419 911 2,363 -109 142 -622 43

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2019 and 2020). 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 2016–20 Millions of US dollars

Argentina Colombia Mexico Total region Item 2020 2016-2020 2020 2016-2020 2020 2016-2020 2020 2016-2020

IBRD and IDA commitments 730 5,646 1,250 5,968 1,230 3,386 7,776 32,337 Undisbursed balances 2,697 2,697 1,441 1,441 1,978 1,978 16,726 16,726 Gross disbursements 935 4,736 1,489 5,452 568 2,312 6,265 25,408 Repayments 480 3,182 413 2,520 237 2,024 2,489 15,946 Net disbursements 454 1,554 1,076 2,931 330 288 3,776 9,461 Interest and charges 240 890 303 1,301 483 1,837 1,968 7,791 Net transfers 214 664 773 1,630 -152 -1,549 1,808 1,670

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2019 and 2020). 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 l Fiscal 2016–20 Millions of US dollars

Egypt, Arab Republic of Jordan Morocco Total region Item 2020 2016-2020 2020 2016-2020 2020 2016-2020 2020 2016-2020

IBRD and IDA commitments 1,450 8,180 715 3,652 1,110 4,415 3,622 26,562 Undisbursed balances 2,926 2,926 1,582 1,582 1,704 1,704 9,617 9,617 Gross disbursements 962 8,291 150 2,142 815 3,879 2,566 22,049 Repayments 435 1,848 86 451 173 869 1,025 4,731 Net disbursements 527 6,444 64 1,690 642 3,011 1,541 17,318 Interest and charges 349 998 102 273 105 373 734 2,277 Net transfers 178 5,445 -38 1,418 537 2,638 807 15,041

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2019 and 2020). 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 l Fiscal 2016–20 millions of dollars

India Bangladesh Pakistan Total region Item 2020 2016-2020 2020 2016-2020 2020 2016-2020 2020 2016-2020

IBRD and IDA commitments 5,130 17,986 2,265 10,201 2,421 10,506 11,657 45,600 Undisbursed balances 14,689 14,689 7,204 7,204 7,086 7,086 32,050 32,050 Gross disbursements 4,360 15,549 1,370 6,960 1,327 5,079 8,393 32,193 Repayments 3,198 14,164 381 1,683 538 2,309 4,351 19,061 Net disbursements 1,161 1,385 989 5,277 788 2,770 4,042 13,132 Interest and charges 708 2,632 122 509 233 995 1,133 4,419 Net transfers 454 -1,247 868 4,768 555 1,776 2,909 8,713

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2019 and 2020). 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 2020, by Region and Country millions of dollars

IBRD IDA Total No. of No. of No. of Region and Country Operations Amount Operations Amount Operations Amount

Africa Africa (regional) 1 60 13 3,032 13 3,092 Angola 3 1,320 3 1,320 Benin 5 420 5 420 Botswana 0 Burkina Faso 3 319 3 319 Burundi 4 195 4 195 Cabo Verde 1 5 1 5 Cameroon 1 200 1 200 Central African Republic 2 33 2 33 Chad 4 176 4 176 Comoros 4 133 4 133 Congo, Democratic Republic of 4 1,492 4 1,492 Congo, Republic of 2 61 2 61 Cote d'Ivoire 3 550 3 550 Eswatini 3 71 3 71 Ethiopia 3 833 3 833 Gabon 1 9 1 9 Gambia, The 4 118 4 118 Ghana 5 700 5 700 Guinea 4 221 4 221 Guinea-Bissau 1 15 1 15 Kenya 1 250 3 900 3 1,150 Lesotho 2 48 2 48 Liberia 5 168 5 168 Madagascar 4 310 4 310 Malawi 5 469 5 469 Mali 3 296 3 296 Mauritania 6 233 6 233 Mozambique 6 527 6 527 Niger 3 504 3 504 Nigeria 8 2,501 8 2,501 Rwanda 5 589 5 589 Sao Tome and Principe 3 20 3 20 Senegal 6 715 6 715 Sierra Leone 4 188 4 188 Somalia 9 903 9 903 South Africa 0 South Sudan 1 40 1 40 Seychelles 1 15 1 15 Tanzania 2 950 2 950 Togo 2 158 2 158 Uganda 4 717 4 717 Zambia 3 292 3 292 Zimbabwe 1 72 1 72

Total 10 1,725 148 19,101 156 20,826

East Asia and Pacific Cambodia 3 128 3 128 China 6 1,200 6 1,200 Fiji 1 6 2 64 2 70 Indonesia 7 1,660 7 1,660 Kiribati 5 69 5 69 Lao People's Democratic Republic 8 179 8 179 Marshall Islands 2 18 2 18 Micronesia, Federated States of 2 33 2 33 Mongolia 2 34 7 208 7 242 Myanmar 6 900 6 900 Pacific Islands 1 4 1 4 Papua New Guinea 4 125 4 125 Philippines 5 1,870 5 1,870 Samoa 3 32 3 32 Solomon Islands 2 17 2 17 Timor-Leste 3 99 3 99 Tonga 3 10 3 10 Tuvalu 3 30 3 30 Vanuatu 2 76 2 76 Vietnam 3 506 3 506

Total 21 4,770 59 2,499 77 7,269

Europe and Central Asia Albania 1 10 1 10 Armenia 2 70 2 70 Azerbaijan 2 150 2 150 Belarus 3 308 3 308 Bosnia and Herzegovina 2 59 2 59 Croatia 3 610 3 610 Europe and Central Asia (regional) 0 0 Georgia 5 240 5 240 Kazakhstan 0 Kosovo 2 77 2 77 Kyrgyz Republic 5 212 5 212 Moldova 1 100 2 97 3 197 Montenegro 2 95 2 95 North Macedonia 6 409 6 409 Romania 1 557 1 557 Serbia 4 221 4 221 Tajikistan 6 307 6 307 Turkey 8 1,855 8 1,855 Ukraine 3 635 3 635 Uzbekistan 2 381 5 803 6 1,184

Total 45 5,699 20 1,497 64 7,196

Latin America and the Caribbean Argentina 4 730 4 730 Bolivia 1 200 2 124 2 324 Brazil 6 554 6 554 Caribbean 3 137 3 137 Chile 0 Colombia 3 1,250 3 1,250 Costa Rica 3 532 3 532 Dominica 3 29 3 29 Dominican Republic 1 100 1 100 Ecuador 2 520 2 520 El Salvador 3 520 3 520 Grenada 4 72 4 72 Guatemala 1 20 1 20 Guyana 0 Haiti 5 213 5 213 Honduras 5 284 5 284 Jamaica 2 110 2 110 Mexico 3 1,230 3 1,230 OECS Countries 1 10 1 10 Panama 1 20 1 20 Paraguay 3 320 3 320 Peru 4 229 4 229 St. Lucia 3 70 3 70 St. Vincent and the Grenadines 1 40 1 40 Suriname 1 23 1 23 Trinidad and Tobago 1 20 1 20 Uruguay 2 420 2 420

Total 41 6,798 27 979 67 7,777

Middle East and North Africa Djibouti 4 45 4 45 Egypt, Arab Republic of 4 1,450 4 1,450 Iran, Islamic Republic of 1 50 1 50 Iraq 0 Jordan 4 615 1 100 5 715 Lebanon 0 Morocco 4 1,110 4 1,110 Tunisia 2 195 2 195 Yemen, Republic of 2 52 2 52

Total 15 3,420 7 197 22 3,616

South Asia Afghanistan 5 338 5 338 Bangladesh 10 2,265 10 2,265 Bhutan 3 60 3 60 India 17 4,580 1 550 17 5,130 Maldives 5 67 5 67 Nepal 6 949 6 949 Pakistan 2 950 8 1,471 9 2,421 Sri Lanka 1 35 4 320 4 355 South Asia (regional) 2 73 2 73

Total 20 5,565 44 6,092 61 11,657

Overall Total 152 27,976 305 30,365 447 58,341

Note: Data includes guarantees, supplemental and additional financing operations as separate lending operations. Joint IBRD-IDA operations are included in both the IDA and IBRD number of operations count, but only once in the Total. A blank space indicates zero; OECS = Organization of Eastern Caribbean States. World Bank Development Policy Financing Operations | Fiscal 2020 millions of dollars

Country Project ID Operation IBRD IDA Total

Afghanistan P172211 2020 Incentive Program Development Policy Grant - 160 160 Albania P160594 Albania Gender Equality in Access to Economic Opportunities DPF 10 - 10 Angola P166564 Angola Growth and Inclusion DPF 500 - 500 Armenia P169624 Armenia Development Policy Operation: Economic, Fiscal and Public Sector Governance 50 - 50 Bangladesh P168724 Bangladesh Second Programmatic Jobs Development Policy Credit - 250 250 Benin P168668 Benin First Fiscal Management and Structural Transformation Development Policy Operation - 100 100 Benin P174008 Benin First Fiscal Management and Structural Transformation Development Policy Operation: Supplemental Financing - 50 50 Bhutan P171780 Strengthening Fiscal Management and Private Sector Employment Opportunities Development Policy Credit - 40 40 Bhutan P173008 Bhutan Development Policy Financing with Cat DDO - 15 15 Burkina Faso P170934 Burkina Faso Second Fiscal Management, Sustainable Growth and Health Service Delivery Development Policy Operation - 148 148 Cameroon P166694 Second Fiscal Consolidation and Inclusive Growth DPF - 200 200 Central African Republic P173900 Consolidation and Social Inclusion Development Program: Supplemental Financing - 25 25 Chad P168606 Chad Second Programmatic Economic Recovery and Resilience Grant - 100 100 Colombia P170728 Colombia Institutional Strengthening for Territorial Development DPF 400 - 400 Colombia P174118 COVID-19 Crisis Response DPF 700 - 700 Costa Rica P171912 First Fiscal and Decarbonization Management DPL 300 - 300 Cote d'Ivoire P169828 CDI Sustainable and Inclusive Growth DPF1 - 200 200 Croatia P173996 Crisis Response and Recovery Development Policy Operation 300 - 300 Dominican Republic P174145 Dominican Republic COVID-19 Crisis Response Support 100 - 100 Ecuador P171190 Second Inclusive and Sustainable Growth 500 - 500 Ethiopia P169079 Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing - 500 500 Ethiopia P169080 COVID-19 Supplemental Financing to the Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing - 250 250 Fiji P168402 Fiji Second Fiscal Sustainability and Climate Resilience DPO 6 58 64 Gambia, The P164545 Gambia First Fiscal Management, Energy and Telecom Reform Development Policy Financing - 30 30 Georgia P169913 Economic Management and Competitiveness Development Policy Operation 50 - 50 Georgia P173965 Economic Management and Competitiveness Development Policy Operation: COVID19 Supplemental Financing 49 - 49 Grenada P167748 Grenada Second Fiscal Resilience and Blue Growth Development Policy Credit - 20 20 Grenada P171465 Disaster Risk Management Development Policy Credit with a Catastrophe Deferred Drawdown Option - 20 20 Guinea P166322 Guinea First Fiscal Management, Competitiveness, and Energy Reform DPF - 90 90 Haiti P171474 Haiti COVID-19 Response and Resilience Development Policy Operation - 20 20 Honduras P172567 Honduras DRM Development Policy Credit with a Catastrophe Deferred Drawdown Option (Cat DDO) - 119 119 India P172732 First Tamil Nadu Housing Sector Strengthening Program Development Policy Loan 200 - 200 India P173943 Accelerating India's COVID-19 Social Protection Response Program (PMGKY) 200 550 750 India P174292 MICRO, SMALL AND MEDIUM ENTERPRISES EMERGENCY RESPONSE 750 - 750 Indonesia P170940 Indonesia First Financial Sector Reform Development Policy Financing 300 - 300 Indonesia P174025 Indonesia First Financial Sector Reform Development Policy Financing: COVID-19 Supplemental Financing 300 - 300 Jamaica P170223 Jamaica First Economic Resilience DPL 70 - 70 Kenya P172321 Kenya Inclusive Growth and Fiscal Management DPO 2 250 750 1,000 Liberia P168218 Liberia First Inclusive Growth Development Policy Operation - 40 40 Madagascar P167941 Madagascar Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Drawdown Option (Cat DDO) - 50 50 Madagascar P168697 Investing in Human Capital Development Policy Financing - 100 100 Maldives P163939 Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facility - 10 10 Maldives P163966 Maldives First Fiscal Sustainability and Budget Credibility Development Policy Financing Operation - 20 20 Country Project ID Operation IBRD IDA Total Mali P167547 Mali Sustainable Energy and Improved Service Delivery for Increased Stability Development Policy Financing - 250 250 Mauritania P167348 Mauritania First Competition and Skills DPO - 50 50 Mexico P172863 COVID-19 Financial Access DPF 1,000 - 1,000 Mongolia P167485 Second Economic Management Support Operation 20 80 100 Montenegro P167665 Montenegro Second Fiscal and Financial Sector Resilience PBG 90 - 90 Morocco P168580 Morocco Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option 275 - 275 Morocco P171587 First Financial and Digital Inclusion Development Policy Financing 500 - 500 Nepal P166788 Nepal Development Policy Financing with CAT DDO - 50 50 Nepal P170248 Second Programmatic Energy Sector Development Policy Credit - 100 100 Niger P169830 Niger First Laying the Foundation for Inclusive Development Policy Financing - 350 350 North Macedonia P171851 North Macedonia Public Finance and Competitiveness DPL 139 - 139 Pakistan P170568 Securing Human Investments to Foster Transformation (SHIFT) DPC Series - 500 500 Pakistan P171850 Resilient Institutions for Sustainable Economy 250 250 500 Paraguay P169505 Paraguay First Economic Management Development Policy Loan 200 - 200 Peru P170477 Investing in Human Capital 50 - 50 Philippines P170052 Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-program 1 DPL 400 - 400 Philippines P171440 Philippines Third Disaster Risk Management Development Policy Loan 500 - 500 Philippines P174120 Philippines Emergency COVID-19 Response Development Policy Loan 500 - 500 Rwanda P169040 Third Rwanda Energy Sector Development Policy Operation - 125 125 Rwanda P173882 Rwanda Energy Supplemental DPO - 100 100 Sao Tome and Principe P164321 THIRD STRENGTHENING GROWTH AND FISCAL POLICY DEVELOPMENT POLICY FINANCING - 5 5 Senegal P170366 Senegal - Third Multi-Sectoral Structural Reforms Development Policy Financing - 180 180 Senegal P173918 THIRD MULTI-SECTORAL STRUCTURAL REFORMS DEVELOPMENT POLICY OPERATION: SUPPLEMENTAL FINANCING - 100 100 Seychelles P174198 COVID-19 Crisis Response Emergency Development Policy Financing 15 - 15 Sierra Leone P169498 Third Productivity and Transparency Support Grant - 100 100 Solomon Islands P167465 The First Solomon Islands Transition to Sustainable Growth Development Policy Operation - 15 15 Somalia P171570 Somalia Reengagement and Reform Development Policy Financing - 420 420 Somalia P174064 Somalia Re-engagement and Reform Supplemental Development Policy Financing - 55 55 St. Vincent and the Grenadines P169956 Second Fiscal Reform and Resilience Development Policy Credit with a Cat DDO - 40 40 Togo P169867 Togo First Fiscal Management and Energy Reform DPF - 150 150 Tonga P171071 Tonga First Resilience Development Policy Operation - 6 6 Tunisia P173324 TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING 175 - 175 Tuvalu P170558 Tuvalu First Resilience Development Policy Operation with a Catastrophe-Deferred Drawdown Option - 14 14 Uganda P173906 Uganda COVID-19 Economic Crisis and Recovery Development Policy Financing - 300 300 Ukraine P172597 Economic Recovery Development Policy Loan 350 - 350 Uruguay P172796 UY - COVID-19 Response & Economic Recovery 400 - 400 Uzbekistan P173948 Supplementary Development Policy Financing: Sustaining Market Reforms in Uzbekistan 200 - 200 Vanuatu P168749 Vanuatu Disaster Risk Management Development Policy Grant with a Catastrophe-Deferred Drawdown Option (CAT-DDO) - 10 10 Vietnam P171006 Climate Change and Green Growth DPF - 84 84

Total 10,099 7,248 17,347

Note: Amounts are net of full terminations and cancellations approved in the same fiscal year. Numbers may not add to totals because of rounding. World Bank Development Policy Commitments | Fiscal 2016–20

2016 2017 2018 2019 2020 Region ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent)

Africa 760 5 1,009 11 1,514 21 3,605 26 5,583 32 East Asia and Pacific 1,695 11 1,054 11 755 11 1,797 13 2,292 13 Europe and Central Asia 3,050 20 1,347 14 1,736 24 1,304 9 1,238 7 Latin America and the Caribbean 4,475 30 2,029 21 815 11 2,719 20 3,939 23 Middle East and North Africa 3,450 23 3,519 37 2,039 28 3,150 23 950 5 South Asia 1,670 11 626 7 320 4 1,220 9 3,345 19

Total 15,100 100 9,584 100 7,179 100 13,794 100 17,347 100

World Bank development policy loan commitments IBRD 13,210 87 7,644 80 5,040 70 9,014 65 10,099 58 IDA 1,890 13 1,940 20 2,139 30 4,781 35 7,248 42

Total 15,100 100 9,584 100 7,179 100 13,794 100 17,347 100

World Bank total lending commitments IBRD 29,729 22,611 23,002 23,191 28,501 IDA 16,170 19,463 24,010 21,932 30,415

Total 45,899 42,074 47,011 45,123 58,916

Share of development policy commitments 33 23 15 31 29

Note: Numbers may not add to totals because of rounding. IDA total lending commitments for fiscal 2017 do not include a $50 million grant for the Pandemic Emergency Financing Facility. IBRD and IDA Cumulative Lending, by Country | Fiscal 1945–2020 millions of dollars

IBRD IDA IBRD/IDA Country Amount Amount Amount

Afghanistan 0 4,884 4,884 Africa (regional) 439 18,560 18,999 Albania 1,466 950 2,416 Algeria 5,892 0 5,892 Angola 2,762 1,024 3,786 Antigua and Barbuda 10 0 10 Argentina 36,260 0 36,260 Armenia 1,063 1,408 2,470 Australia 418 0 418 Austria 106 0 106 Azerbaijan 3,014 1,128 4,143 Bahamas, The 43 0 43 Bangladesh 46 33,704 33,750 Barbados 153 0 153 Belarus 2,196 0 2,196 Belgium 76 0 76 Belize 131 0 131 Benin 0 3,221 3,221 Bhutan 0 439 439 Bolivia 1,332 2,934 4,266 Bosnia and Herzegovina 757 1,440 2,196 Botswana 1,041 16 1,057 Brazil 61,474 0 61,474 Bulgaria 3,260 0 3,260 Burkina Faso 2 5,663 5,665 Burundi 5 2,331 2,335 Cabo Verde 59 504 562 Cambodia 0 1,690 1,690 Cameroon 2,365 3,427 5,791 Central African Republic 0 1,331 1,331 Chad 40 1,968 2,008 Chile 4,427 19 4,446 China 54,602 9,947 64,548 Colombia 27,687 20 27,707 Comoros 0 337 337 Congo, Dem. Rep. 330 9,671 10,001 Congo, Rep. 392 841 1,233 Costa Rica 2,788 6 2,793 Côte d'Ivoire 3,088 6,938 10,025 Croatia 5,280 0 5,280 Cyprus 419 0 419 Czech Republic 776 0 776 IBRD IDA IBRD/IDA Country Amount Amount Amount

Denmark 85 0 85 Djibouti 0 414 414 Dominica 7 182 189 Dominican Republic 2,798 22 2,820 East Asia (regional) 0 17 17 Ecuador 6,043 37 6,079 Egypt, Arab Rep. 21,397 1,984 23,381 El Salvador 3,043 26 3,068 Equatorial Guinea 0 45 45 Eritrea 0 549 549 Estonia 151 0 151 Eswatini 313 8 321 Ethiopia 109 23,498 23,607 Europe and Central Asia (regional) 900 264 1,164 Fiji 280 64 344 Finland 317 0 317 France 250 0 250 Gabon 1,083 0 1,083 Gambia, The 0 677 677 Georgia 1,705 1,550 3,255 Ghana 407 10,903 11,310 Greece 491 0 491 Grenada 32 184 215 Guatemala 4,038 0 4,038 Guinea 75 2,411 2,487 Guinea-Bissau 0 519 519 Guyana 80 469 549 Haiti 3 2,304 2,307 Honduras 717 2,759 3,476 Hungary 5,661 0 5,661 Iceland 47 0 47 India 68,390 51,732 120,121 Indonesia 56,395 2,875 59,270 Iran, Islamic Rep. 3,463 0 3,463 Iraq 5,107 509 5,615 Ireland 153 0 153 Israel 285 0 285 Italy 400 0 400 Jamaica 2,840 0 2,840 Japan 863 0 863 Jordan 7,133 285 7,418 Kazakhstan 9,164 0 9,164 Kenya 1,681 13,268 14,949 Kiribati 0 166 166 IBRD IDA IBRD/IDA Country Amount Amount Amount

Korea, Rep. 15,587 111 15,698 Kosovo 0 397 397 Kyrgyz Republic 0 1,747 1,747 Lao PDR 0 1,898 1,898 Latin America (regional) 0 169 169 Latvia 985 0 985 Lebanon 3,076 100 3,176 Lesotho 155 895 1,050 Liberia 156 1,565 1,721 Lithuania 491 0 491 Luxembourg 12 0 12 Madagascar 33 5,431 5,464 Malawi 124 5,204 5,328 Malaysia 4,151 0 4,151 Maldives 0 322 322 Mali 2 4,457 4,459 Malta 8 0 8 Marshall Islands 0 140 140 Mauritania 146 1,501 1,647 Mauritius 828 20 848 Mexico 57,451 0 57,451 Micronesia, Fed. 0 182 182 Moldova 539 1,153 1,692 Mongolia 34 1,100 1,133 Montenegro 559 75 634 Morocco 19,145 51 19,196 Mozambique 0 7,844 7,844 Myanmar 33 4,222 4,255 Namibia 15 0 15 Nepal 0 7,250 7,250 Netherlands 244 0 244 New Zealand 127 0 127 Nicaragua 234 2,234 2,468 Niger 0 4,107 4,107 Nigeria 7,143 19,849 26,992 North Macedonia 1,897 379 2,276 Norway 145 0 145 OECSa countries 105 221 326 Oman 157 0 157 Pacific Islands 0 25 25 Pakistan 12,029 26,068 38,096 Panama 3,271 0 3,271 Papua New Guinea 787 888 1,674 Paraguay 2,141 46 2,186 IBRD IDA IBRD/IDA Country Amount Amount Amount

Peru 13,608 0 13,608 Philippines 21,386 294 21,680 Poland 16,159 0 16,159 Portugal 1,339 0 1,339 Romania 14,738 0 14,738 Russian Federation 14,151 0 14,151 Rwanda 0 4,732 4,732 Samoa 0 355 355 São Tomé and Príncipe 0 206 206 Senegal 165 6,068 6,233 Serbia 3,506 689 4,195 Seychelles 77 0 77 Sierra Leone 19 1,771 1,789 Singapore 181 0 181 Slovak Republic 425 0 425 Slovenia 178 0 178 Solomon Islands 0 257 257 Somalia 0 1,493 1,493 South Africa 4,146 0 4,146 South Asia (regional) 0 904 904 South Sudan 0 359 359 Spain 479 0 479 Sri Lanka 1,163 6,383 7,545 St. Kitts and Nevis 23 2 25 St. Lucia 37 161 198 St. Vincent and the Grenadines 12 139 151 Sudan 166 1,353 1,519 Suriname 58 0 58 Syrian Arab Republic 613 47 661 Taiwan, China 329 15 345 Tajikistan 0 1,553 1,553 Tanzania 319 14,595 14,914 Thailand 9,143 125 9,268 Timor-Leste 15 217 232 Togo 20 1,582 1,602 Tonga 0 244 244 Trinidad and Tobago 354 0 354 Tunisia 10,735 75 10,810 Turkey 43,378 179 43,557 Turkmenistan 90 0 90 Tuvalu 0 141 141 Uganda 9 10,234 10,243 Ukraine 14,034 0 14,034 Uruguay 4,807 0 4,807 IBRD IDA IBRD/IDA Country Amount Amount Amount

Uzbekistan 3,210 3,406 6,616 Vanuatu 0 224 224 Venezuela, RB 3,328 0 3,328 Vietnam 3,458 21,414 24,872 Yemen, Rep. 0 5,646 5,646 Yugoslavia 6,091 0 6,091 Zambia 679 4,478 5,157 Zimbabwe 983 734 1,717

Overall total 755,515 421,841 1,177,356

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 and a Pandemic Emergency Financing (PEF) grant of $50 million in 2017.

A blank space indicates zero. Project counts for countries are not included in this table, as approved operations may be reclassified as supplemental or additional financing operations during the life of the project. Consequently, total project counts may fluctuate from year to year. The commitment totals to countries, however, remain constant regardless of the project's classification. a. OECS = Organization of Eastern Caribbean States. Active Portfolio by Region and Sector | June 2020

Net commitments Region ($ billions) (percent) Africa 88.2 34 East Asia and Pacific 35.5 14 Europe and Central Asia 29.8 11 Latin America and the Caribbean 31.0 12 Middle East and North Africa 20.1 8 South Asia 58.3 22

Total 262.9 100

Net commitments Sectora ($ billions) (percent) Agriculture, Fishing, and Forestry 23.1 9 Education 22.0 8 Energy and Extractives 35.8 14 Financial Sector 11.2 4 Health 23.7 9 Industry, Trade, and Services 16.6 6 Information and Communications Technologies 5.3 2 Public Administration 27.0 10 Social Protection 26.5 10 Transportation 40.7 15 Water, Sanitation, and Waste Management 31.0 12

Total 262.9 100

Note: Portfolio includes IBRD/IDA operations only.

Annual Report 2020

New Operations Approved Summaries of Operations Approved during Fiscal 2020 Principal Commitment Amounts (millions)d

Mozambique-Malawi Regional Interconnector Project interconnects AFR Africa (Regional)1 Malawi and Mozambique’s transmission systems to enable them to engage P164354 9/17/2019 2025 / 2057 c,g IPF - - No - 57 42 - in bilateral and regional power trade in the Southern African Power Pool.

Regional Disease Surveillance Systems Enhancement Project (REDISSE) (Phase 4) strengthens national and regional cross-sectoral AFR Africa (Regional)2 capacity for collaborative disease surveillance and epidemic preparedness in P167817 10/1/2019 2025 / 2057 c,g,l IPF - - Yes 60 220 168 - the participating countries and provides immediate and effective response in the event of an eligible crisis or emergency.

Second Africa Higher Education Centers of Excellence for Development Impact Project improves the quality, quantity, and development impact of AFR Africa (Regional)3 P169064 11/26/2019 2025 / 2057 c,g IPF - - No - 131 97 - postgraduate education in selected universities through regional specialization and collaboration.

Africa Centers for Disease Control and Prevention Regional Investment Financing Project supports the Africa Centers for Disease Control and AFR Africa (Regional)4 P167916 12/10/2019 2025 / 2057 c,g IPF - - Yes - 250 183 - Prevention to strengthen continental and regional infectious disease detection and response systems.

Harmonizing and Improving Statistics in West Africa strengthens the statistical systems of participating countries and regional bodies in Africa to AFR Africa (Regional)5 P169265 3/26/2020 2025 / 2059 c,g IPF - - No - 379 275 - harmonize, produce, disseminate, and enhance the use of core economic and social statistics. West Africa Unique Identification for Regional Integration and Inclusion (Phase 2) increases the number of persons in the Togolese Republic, AFR Africa (Regional)6 Republic of Benin, Burkina Faso and Republic of Niger, who have P169594 4/28/2020 2026 / 2058 c,g IPF - - Yes - 273 199 - government-recognized proof of unique identity that facilitates their access to services.

Emergency Locust Response Program responds to the threat posed by AFR Africa (Regional)7 P173702 5/20/2020 2025 / 2060 c,g IPF - - Yes - 160 117 - the locust outbreak and strengthens systems for preparedness.

Lake Chad Region Recovery and Development Project contributes to the recovery of the Lake Chad Region through supporting regional coordinating AFR Africa (Regional)8 and crisis monitoring, connectivity and agricultural livelihoods in selected P161706 5/26/2020 2025 / 2057 c,g IPF - - Yes - 170 125 - provinces of the Republic of Cameroon, Republic of Chad and Republic of Niger (Participating Countries).

Sahel Women Empowerment and Demographic Dividend (Phase 2) (Additional Financing) increases women and adolescent girls’ empowerment and their access to quality reproductive, child and maternal AFR Africa (Regional)9 P171827 5/28/2020 2025 / 2058 c,g IPF Yes - Yes - 376 276 - health services in selected areas of the participating countries, including the Recipients' territory, and improves regional knowledge generation and sharing as well as regional capacity and coordination.

Cameroon - Chad Power Interconnection Project interconnects the Southern and Northern power systems of Cameroon; enables electricity trade AFR Africa (Regional)10 P168185 6/16/2020 2025 / 2050 c,g IPF - - No - 385 288 - between Cameroon and Chad; and increases access to electricity in the Chad capital city of N’Djamena.

Southern Africa Tuberculosis and Health Systems Support Project (Additional Financing) improves coverage and quality of TB control and AFR Africa (Regional)11 occupational lung disease services in targeted geographic areas of the P173228 6/19/2020 2025 / 2050 c,g IPF Yes - No - 56 41 - participating countries; and strengthens regional capacity to manage the burden of TB and occupational diseases.

Regional Infrastructure Finance Facility Project expands long-term AFR Africa (Regional)12 finance to private firms in selected infrastructure sectors in Eastern and P171967 6/30/2020 2025 / 2058 c,g IPF - - No - 425 309 - Southern Africa.

Growth and Inclusion Development Policy Financing supports the Government of Angola to achieve more sustainable and inclusive growth, AFR Angola through a macrofinancial and institutional environment that is conducive to P166564 7/16/2019 2029 / 2049 l DPF - - No 500 - - - private-sector led growth, and financial and social inclusion.

Luanda Bita Water Supply Guarantee Project improves access to potable AFR Angola water service in selected areas of Luanda by mobilizing commercial P163610 7/16/2019 N/A gu IPF - - Yes 500 - - - financing for the Government of Angola. Strengthening the National Social Protection System Project provides temporary income support to poor households in selected areas of Angola AFR Angola P169779 7/16/2019 2027 / 2049 l IPF - - Yes 320 - - - and strengthens the delivery mechanisms for a permanent social safety net system. Principal Commitment Amounts (millions)d

First Fiscal Management and Structural Transformation Development Policy Financing supports the government to strengthen fiscal and debt AFR Benin P168668 12/12/2019 2026 / 2057 c,g DPF - - No - 100 73 - management, improve the financial sustainability of the energy sector, and foster the development of the digital economy.

COVID-19 Preparedness and Response Project prevents, detects and AFR Benin responds to COVID-19 and strengthens national systems for public health P173839 4/27/2020 2026 / 2058 c,g IPF - - Yes - 10 8 - emergency preparedness in Benin. Agricultural Competitiveness and Export Diversification Project AFR Benin increases productivity and market access for selected agri-food value chains P168132 6/2/2020 2025 / 2055 c IPF - - Yes - 160 119 - in Benin.

First Fiscal Management and Structural Transformation Development Policy Operation (Supplemental Financing) supports the Government to AFR Benin P174008 6/26/2020 2026 / 2058 c,g DPF - - No - 50 37 - strengthen fiscal and debt management; improve the financial sustainability of the energy sector; and foster the development of the digital economy.

Agriculture Resilience and Competitiveness Project increases agricultural productivity and market access for small producers and small AFR Burkina Faso P167945 8/30/2019 2025 / 2057 c IPF - - No - 200 142 - and medium agribusiness entrepreneurs for selected value chains in project areas.

Burkina Faso COVID-19 Preparedness and Response Project prevents, AFR Burkina Faso detects and responds to the threat posed by COVID-19, and strengthens P173858 4/28/2020 2026 / 2058 c,g IPF - - Yes - 21 16 - national systems for public health preparedness in Burkina Faso.

Second Fiscal Management, Sustainable Growth and Health Service Delivery Development Policy Operation supports the Government's efforts AFR Burkina Faso to strengthen fiscal management, improve natural resources management P170934 6/5/2020 2026 / 2058 c,g DPF - - No - 148 110 - and raise mining and livestock productivity, and improve health service delivery and social spending efficiency.

Investing in Early Years and Fertility in Burundi Project increases the coverage of community-based nutrition interventions among women of AFR Burundi P165253 9/5/2019 N/A g IPF - - Yes - 30 22 - reproductive age and children under 2 and to increase utilization of family planning services in targeted areas. Solar Energy in Local Communities Project expands access to energy AFR Burundi services for households, enterprises, schools and health centers in rural P164435 2/28/2020 N/A g IPF - - No - 100 72 - areas of Burundi.

Burundi Integrated Community Development Project improves nutrition, AFR Burundi P169315 2/28/2020 N/A g IPF - - Yes - 60 43 - access to basic services and economic opportunities in targeted areas.

COVID19 Preparedness and Response Project prevents, detects and AFR Burundi responds to the threat posed by COVID-19 and strengthens national systems P173845 4/10/2020 N/A g IPF - - No - 5 4 - for public health preparedness in Burundi.

COVID-19 Emergency Response Project prepares and responds to the AFR Cabo Verde P173857 4/2/2020 2030 / 2059 c IPF - - No - 5 4 - COVID-19 pandemic in Cabo Verde.

Second Fiscal Consolidation and Inclusive Growth Development Policy Financing supports government efforts to improve fiscal sustainability and AFR Cameroon P166694 8/28/2019 2025 / 2049 c DPF - - No - 200 145 - public sector management, enhance competitiveness, and improve social services and scale up social protection.

COVID-19 Preparedness and Response Project prepares for and responds AFR Central African Republic P173832 4/20/2020 N/A g IPF - - Yes - 8 6 - to the threat posed by COVID-19 in the Central African Republic.

Consolidation and Social Inclusion Development Program AFR Central African Republic (Supplemental Financing) supports the consolidation of basic fiscal P173900 6/10/2020 N/A g DPF - - No - 25 18 - management and social inclusion

Second Programmatic Economic Recovery and Resilience Development Policy Financing enhances fiscal risk management, AFR Chad improves oil revenue transparency and management, promotes resilience P168606 1/15/2020 N/A g DPF - - No - 100 73 - and economic diversification in key real sectors, and increases social protection for the poor and vulnerable. Principal Commitment Amounts (millions)d

Sahel Women's Empowerment and Demographic Dividend (Addiitonal Financing) increases women and adolescent girls’ empowerment and their access to quality reproductive, child, and maternal health services in AFR Chad P172604 1/15/2020 N/A g IPF Yes - Yes - 9 7 - selected areas of participating countries, including Chad, and improves regional knowledge generation and sharing, as well as regional capacity and coordination.

COVID-19 Strategic Preparedness and Response Project prevents, AFR Chad detects and responds to the threat posed by COVID-19 and strengthens P173894 4/24/2020 N/A g IPF - - Yes - 17 13 - national systems for public health preparedness in Chad.

ALBIÄ - Chad Local Development and Adaptation Project improves the management of natural resources and the livelihood of populations in AFR Chad P171611 6/12/2020 N/A g IPF - - No - 50 37 - selected climate vulnerable areas in and around the Ouadi Rime and Ouadi Achim (OROA) reserve in Chad.

Comprehensive Approach to Health System Strengthening Project AFR Comoros improves utilization of quality primary health care and strengthens the P166013 7/2/2019 2029 / 2059 c,g IPF - - No - 30 22 - capacity of institutions that are critical to quality primary health care.

Social Safety Net Project (Additional Financing) increases poor AFR Comoros P171633 12/16/2019 N/A g IPF Yes - No - 18 13 - communities’ access to safety net and nutrition services.

Post-Kenneth Recovery and Resilience Project supports recovery and AFR Comoros increases disaster- and climate-resilience of select public and private P171361 12/18/2019 2030 / 2059 c,g IPF - - No - 45 33 - infrastructure in the areas affected by Cyclone Kenneth.

Solar Energy Integration Platform improves the commercial performance AFR Comoros P162783 6/22/2020 2030 / 2060 c,g IPF - - No - 40 30 - of the electric utility and its capacity to dispatch variable renewable energy.

COVID-19 Strategic Preparedness and Response Project (SPRP) Congo, Democratic AFR prevents, detects and responds to the threat posed by COVID-19 and P173825 4/2/2020 2026 / 2057 c,g IPF - - Yes - 47 34 - Republic of strengthens national systems for public health preparedness.

STEP (Second Additional Financing) improves access to livelihoods and Congo, Democratic AFR socio-economic infrastructures in selected vulnerable communities in the P171821 5/20/2020 2026 / 2058 c,g IPF Yes - Yes - 445 325 - Republic of DRC. Health System Strengthening for Better Maternal and Child Health Results Project (Fourth Additional Financing) improves utilization and Congo, Democratic AFR quality of maternal and child health services in targeted areas within the P173415 6/11/2020 2026 / 2058 c,g IPF Yes - No - 200 145 - Republic of Recipient's Territory and provides an immediate and effective response to an eligible crisis or emergency.

Emergency Equity and System Strengthening in Education lowers the Congo, Democratic AFR burden of school fees on households and increases access to primary P172341 6/15/2020 2026 / 2058 c,g IPF - - Yes - 800 582 - Republic of schooling in the selected provinces, and strengthens core education systems.

COVID-19 Emergency Response Project prevents, detects, and responds AFR Congo, Republic of to the threat posed by COVID-19 and strengthens the national system for P173851 4/20/2020 2025 / 2049 c IPF - - Yes - 11 8 - public health preparedness.

Lisungi Emergency COVID-19 Response Project provides emergency income support to households affected by the COVID-19 health and AFR Congo, Republic of P174178 6/24/2020 2025 / 2050 c IPF - - Yes - 50 37 - economic crisis and increases access to a safety net for recovery for the poor and vulnerable in participating areas of the Beneficiary.

CDI Sustainable and Inclusive Growth DPF1 establishes the policy and regulatory framework for environmentally sustainable investments in cocoa, AFR Cote d'Ivoire agro-forestry, renewable energy, and energy P169828 3/31/2020 2025 / 2050 c DPF - - No - 200 145 - efficiency, boosts domestic resource mobilization and strengthens the targeting of pro-poor programs.

COVID-19 Strategic Preparedness and Response Project (SPRP) AFR Cote d'Ivoire prevents, detects, and responds to the threat posed by COVID-19 and P173813 5/2/2020 2025 / 2050 c IPF - - No - 35 26 - strengthens national systems for public health preparedness in Cote d'Ivoire.

Urban Resilience and Solid Waste Management Project reduces AFR Cote d'Ivoire vulnerability to flooding in selected urban areas and improves solid waste P168308 6/12/2020 2029 / 2050 c IPF - - No - 315 235 - management in targeted municipalities.

Water Supply and Sanitation Access Project increases access to AFR Eswatini P166697 10/10/2019 2025 / 2049 l IPF - - No 45 - - - improved water supply and sanitation services in targeted areas of Eswatini.

COVID-19 Emergency Response Project prevents, detects and responds AFR Eswatini to the threat posed by COVID-19 and strengthens national systems for public P173883 4/20/2020 2025 / 2050 l IPF - - No 6 - - - health preparedness in Eswatini. Principal Commitment Amounts (millions)d

COVID-19 Supplemental Financing to the Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing aims at AFR Ethiopia boosting economic transformation in Ethiopia by increasing private sector P169080 6/17/2020 2026 / 2058 c,g DPF - - No - 250 183 - participation and promoting good governance practices, including moving towards a sustainable financing model for Ethiopia’s development.

COVID-19 Strategic Preparedness and Response Project (SPRP) AFR Gabon prevents, detects and responds to the threat posed by COVID-19 and P173927 5/15/2020 2023 / 2030 l IPF - - No 9 - - - strengthens national systems for public health preparedness in Gabon.

COVID-19 Preparedness and Response Project prevents, detects and AFR Gambia, The responds to the threat posed by COVID-19 and strengthens national systems P173798 4/2/2020 N/A g IPF - - Yes - 10 7 - for public health preparedness.

First Fiscal Management, Energy and Telecom Reform Development Policy Financing aims to support The Gambia’s efforts to improve debt and AFR Gambia, The public investment management, improve financial viability and service P164545 5/14/2020 N/A g DPF - - No - 30 22 - delivery in the energy and telecom sectors, and enhance the transparency and governance framework of SOEs.

Fiscal Management Development Project increases fiscal space and AFR Gambia, The P166695 6/4/2020 N/A g IPF - - No - 35 26 - improves effectiveness of public resources management.

Electricity Restoration and Modernization Project (Additional Financing) improves the operational performance of the National Water and AFR Gambia, The P173161 6/29/2020 N/A g IPF Yes - No - 43 32 - Electricity Company and improve its capacity to dispatch variable renewable electricity. Economic Transformation Project promotes private investments and firm AFR Ghana P166539 7/2/2019 2024 / 2049 c IPF - - No - 200 144 - growth in non-resource-based sectors. Accountability for Learning Outcomes Project improves the quality of AFR Ghana education in low performing basic education schools and strengthens P165557 10/24/2019 2025 / 2049 c IPF - - No - 150 108 - education sector equity and accountability in Ghana. COVID-19 Emergency Preparedness and Response Project prevents, AFR Ghana detects and responds to the threat posed by COVID-19 and strengthens P173788 4/2/2020 2025 / 2050 c IPF - - No - 35 26 - national systems for public health preparedness. Jobs and Skills Project supports skills development and job creation in the AFR Ghana P166996 6/29/2020 2025 / 2050 c IPF - - Yes - 200 145 - Recipient’s territory. eTransform Ghana Project (Additional Financing) improves the efficiency AFR Ghana and coverage of government service delivery using information and P170910 6/30/2020 2025 / 2050 c IPF Yes - No - 115 84 - communication technologies. Project-for-Results in Early Childhood and Basic Education improves access to and the quality of early childhood and basic education in the AFR Guinea P167478 7/9/2019 N/A g IPF - - No - 50 36 - project areas and strengthens the capacity of the education system to deliver better results.

First Fiscal Management, Competitiveness, and Energy Reform Development Policy Financing strengthens fiscal management, enhances AFR Guinea P166322 11/26/2019 2026 / 2057 c DPF - - No - 90 66 - the institutional and regulatory framework to promote competitiveness, and improves the financial performance of the energy sector.

Emergency Response and Nafa Program Support Project develops the building blocks of a national shock-responsive social protection system and AFR Guinea P168777 5/29/2020 N/A g IPF - - No - 70 51 - increases access to shock-responsive safety nets for poor and vulnerable households. COVID-19 Preparedness and Response Project prevents, detects and AFR Guinea responds to COVID-19 and strengthens national systems for public health P174032 6/17/2020 2026 / 2058 c,g IPF - - Yes - 11 8 - emergency preparedness in Guinea. Rural Transport Project improves the rural population's physical access to AFR Guinea-Bissau P161923 7/1/2019 2025 / 2057 c IPF - - Yes - 15 11 - markets and social services in selected areas.

Marine Fisheries and Socio-Economic Development Project improves AFR Kenya management of priority fisheries and mariculture and increases access to P163980 3/10/2020 2025 / 2045 c IPF - - No - 100 73 - complementary livelihood activities in coastal communities. Principal Commitment Amounts (millions)d

Second Inclusive Growth and Fiscal Management Development Policy Financing crowds in private investment and financing for affordable housing; enhances farmer incomes and food security; creates fiscal space to AFR Kenya P172321 5/19/2020 2025 / 2058 c,l DPF - - No 250 750 549 - allow the government to invest in key development programs; and crowds in private investment and leverage digitization to support the government’s inclusive growth agenda.

Renewable Energy & Energy Access Project increases access to AFR Lesotho P166936 1/30/2020 2025 / 2049 c IPF - - No - 40 29 - electricity in rural and peri-urban areas of Lesotho. COVID-19 Emergency Preparedness and Response Project prevents, AFR Lesotho detects and responds to the threat posed by COVID-19 to the Kingdom of P173939 5/9/2020 2025 / 2050 c IPF - - No - 8 5 - Lesotho. Improving Results in Secondary Education Project improves equitable AFR Liberia P164932 7/2/2019 N/A g IPF - - - - 47 34 - access to and quality of secondary education.

Public Financial Management Reforms for Institutional Strengthening AFR Liberia Project improves domestic revenue mobilization systems and strengthens P165000 7/16/2019 N/A g IPF - - No - 19 14 - financial control and accountability in public finances.

Liberia First Inclusive Growth Development Policy Operation removes AFR Liberia distortions in selected sectors and strengthens public-sector transparency; P168218 3/17/2020 2026 / 2058 c,g DPF - - No - 40 29 - and promotes economic and social inclusion.

COVID-19 Emergency Response Project prepares and responds to the AFR Liberia P173812 4/9/2020 2026 / 2058 c,g IPF - - No - 8 6 - COVID-19 pandemic in Liberia.

Institutional Foundations to Improve Services For Health improves AFR Liberia P169641 5/21/2020 2025 / 2054 c IPF - - Yes - 54 40 - health service delivery to women, children and adolescents in Liberia.

Connectivity for Rural Livelihood Improvement Project enhances AFR Madagascar transport connectivity in selected rural areas to improve access to social and P166526 11/15/2019 2026 / 2057 c IPF - - Yes - 140 103 - economic opportunities of communities. Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Drawdown Option strengthens the government’s AFR Madagascar P167941 12/12/2019 N/A g DPF - - No - 50 36 - institutional, technical, and financial capacity to manage disaster and climate- related risks. Investing in Human Capital Development Policy Financing supports the Government of Madagascar's investment in human capital, through AFR Madagascar improving human resources in health and education, availability and P168697 3/26/2020 2026 / 2058 c,g DPF - - No - 100 73 - predictability of financial resources in the social sectors, and legal protections for women and children.

Improving Nutrition Outcomes Project Using the Multiphase Programmatic Approach (Additional Financing) increases utilization of an evidence-based package of reproductive, maternal and child health and AFR Madagascar nutrition interventions and improves key nutrition behaviors known to reduce P173950 6/8/2020 2026 / 2058 c,g IPF Yes - Yes - 20 15 - stunting in targeted regions and provides immediate and effective response to an eligible crisis or emergency.

Social Support for Resilient Livelihoods Project improves resilience AFR Malawi among the poor and vulnerable population and strengthens the national P169198 12/10/2019 N/A g IPF - - Yes - 125 92 - platform for safety nets in Malawi.

Malawi Resilience and Disaster Risk Management Project (Additional Financing) supports the Government of Malawi to meet the immediate food security and livelihoods restoration needs of the communities affected by AFR Malawi drought and promotes recovery and resilience in key affected sectors. In the P171877 3/24/2020 2026 / 2058 c,g IPF Yes - Yes - 80 58 - event of a future eligible crisis or emergency, the Project may also be able to provide immediate recovery support to GoM through a proposed Contingent Emergency Response Component.

COVID-19 Emergency Response and Health Systems Preparedness AFR Malawi Project prevents, detects and responds to the threat posed by COVID-19 in P173806 4/14/2020 N/A g IPF - - No - 7 5 - Malawi and strengthens national systems for public health preparedness.

Governance to Enable Service Delivery Project strengthens Local AFR Malawi Authorities’ institutional performance, responsiveness to citizens and P164961 4/30/2020 N/A g IPF - - Yes - 100 73 - management of resources for service delivery. Watershed Services Improvement Project increases adoption of AFR Malawi sustainable landscape management practices and improves watershed P167860 6/19/2020 2026 / 2058 c,g IPF - - Yes - 157 114 - services in targeted watersheds. Principal Commitment Amounts (millions)d

Rural Electrification Hybrid System Project (Additional Financing) AFR Mali expands access to modern energy services in rural areas of Mali and P169912 7/23/2019 2025 / 2057 c IPF Yes - No - 20 15 - increases renewable energy generation in target areas.

Sustainable Energy and Improved Service Delivery for Increased Stability Development Policy Financing delivers a more financially AFR Mali P167547 12/12/2019 2026 / 2057 c,g DPF - - No - 250 181 - sustainable electricity sector and more targeted and efficient agricultural subsidies and supports pro-poor decentralized service provision.

COVID-19 Emergency Response Project strengthens the capacity of the AFR Mali P173816 4/10/2020 2026 / 2057 c,g IPF - - Yes - 26 19 - Recipient to prepare, prevents for and responds to COVID-19 pandemic.

First Competition and Skills Development Policy Financing improves AFR Mauritania the regulatory environment and skills for boosting competition and P167348 7/24/2019 N/A g DPF - - No - 50 36 - inclusiveness of the Mauritanian private sector. Social Safety Net System Project II increases the effectiveness and efficiency of the nationwide adaptive social safety net system and its AFR Mauritania P171125 3/10/2020 N/A g IPF - - Yes - 45 33 - coverage of poor and vulnerable households with targeted social transfers, including in refugee and host communities.

Water and Sanitation Sectoral Project increases access to improved water AFR Mauritania and sanitation services in selected rural areas and small towns, and P167328 3/30/2020 N/A g IPF - - Yes - 44 32 - strengthens the performance of sector institutions.

Decentralization and Productive Intermediate Cities Support Project AFR Mauritania improves access to local services in selected localities and strengthens the P169332 3/30/2020 N/A g IPF - - Yes - 66 48 - capacities of Local Governments to plan and manage local public services.

Health System Support Project (Additional Financing) improves utilization and quality of Reproductive Maternal Neonatal and Child Health AFR Mauritania (RMNCH) services in selected regions, and, in the event of an Eligible Crisis P170585 3/30/2020 N/A g IPF Yes - Yes - 23 17 - or Emergency, provides immediate and effective response to said Eligible Crisis or Emergency. COVID-19 Strategic Preparedness and Response Project (SPRP) AFR Mauritania strengthens the national public health preparedness capacity to prevent, P173837 4/2/2020 N/A g IPF - - Yes - 5 4 - detect and respond to the COVID-19 pandemic. Agriculture and Natural Resources Landscape Management Project (Additional Financing) integrates rural households into sustainable AFR Mozambique agriculture and forest-based value chains in the project area and provides P168940 7/3/2019 N/A g IPF Yes - No - 60 43 - immediate and effective response in the event of an eligible crisis or emergency. Cyclone Idai and Kenneth Emergency Recovery and Resilience Project supports the recovery of public and private infrastructure and livelihoods AFR Mozambique P171040 9/30/2019 N/A g IPF - - Yes - 130 95 - while strengthening climate resilience in the areas most affected by Cyclones Idai and Kenneth. Integrated Feeder Road Development Project (Additional Financing) enhances road access in selected rural areas in support of livelihoods of AFR Mozambique P171093 9/30/2019 N/A g IPF Yes - Yes - 110 80 - local communities and provides immediate response to an eligible crisis or emergency as needed. Social Protection Project and Support to Cyclone and Flood Emergencies (Second Additional Financing) provides temporary income AFR Mozambique P170327 10/23/2019 N/A g IPF Yes - No - 35 26 - support to extremely poor households and puts in place the building blocks of a social safety net system. Harnessing the Demographic Dividend Project support the Government AFR Mozambique of Mozambique in increasing empowerment, access to education, and P166100 2/14/2020 N/A g IPF - - No - 75 55 - employment opportunities for targeted youth. National Urban Development and Decentralization Project strengthens AFR Mozambique institutional performance and delivers improved infrastructure and services P163989 6/26/2020 N/A g IPF - - No - 117 86 - in participating local entities.

First Laying the Foundation for Inclusive Development Policy AFR Niger Financing reduces gender gaps, expands access to electricity and potable P169830 12/12/2019 2026 / 2057 c,g DPF - - No - 350 253 - water, and improves debt transparency and debt management.

Learning Improvement for Results in Education Project improves the AFR Niger quality of teaching and learning conditions in select regions, and strengthens P168779 4/6/2020 2026 / 2058 c,g IPF - - Yes - 140 102 - education planning and management. COVID-19 Emergency Response Project prevents, detects and responds AFR Niger to the threat posed by COVID-19 and strengthens national systems for public P173846 4/13/2020 2026 / 2057 c,g IPF - - No - 14 10 - health preparedness in Niger Principal Commitment Amounts (millions)d

Nigeria Rural Access and Agricultural Marketing Project improves rural access and agricultural marketing in participating states while strengthening AFR Nigeria P163353 2/18/2020 2025 / 2050 c IPF - - Yes - 280 203 - the financing and institutional base for effective development, maintenance and management of the rural road network.

Ogun State Economic Transformation Project increases the participation of the private sector in the economy of Ogun State with a focus on improving AFR Nigeria P164031 2/18/2020 2025 / 2049 c IPF - - Yes - 250 181 - the business-enabling environment, strengthening agri-food value-chains and upgrading skills.

Innovation Development and Effectiveness in the Acquisition of Skills AFR Nigeria (IDEAS) Project enhances the capacity of the Nigerian skills development P166239 2/18/2020 2025 / 2050 c IPF - - Yes - 200 147 - system to produce relevant skills for the formal and informal sectors.

Nigeria Digital Identification for Development Project increases the AFR Nigeria number of persons with a national ID number, issued by a robust and P167183 2/18/2020 2025 / 2049 c IPF - - Yes - 115 84 - inclusive foundational ID system, that facilitates their access to services

Sustainable Procurement, Environmental and Social Standards Enhancement Project (SPESSE) develops sustainable capacity in AFR Nigeria P169405 2/18/2020 2025 / 2050 c IPF - - Yes - 80 58 - managing procurement, environment and social standards in the public and private sectors.

Multi-Sectoral Crisis Recovery Project for North Eastern Nigeria (Additional Financing) supports the Government of Nigeria towards rehabilitating and improving critical service delivery infrastructure, improves the livelihood opportunities of conflict and displacement-affected AFR Nigeria P173104 5/26/2020 2025 / 2050 c IPF Yes - Yes - 176 129 - communities, and strengthens social cohesion in the North East Participating States of Borno, Yobe and Adamawa; and in the event of an Eligible Crisis or Emergency, provides immediate and effective response to said Eligible Crisis or Emergency.

Power Sector Recovery Performance Based Operation improves the AFR Nigeria reliability of electricity supply, achieves financial and fiscal sustainability, and P164001 6/23/2020 2025 / 2050 c PforR - - No - 750 549 - enhances accountability. Quality Basic Education for Human Capital Development Project AFR Rwanda improves teacher competency and student retention and learning in basic P168551 7/30/2019 2026 / 2057 c IPF - - Yes - 200 145 - education. Third Rwanda Energy Sector Development Policy Financing enables fiscally sustainable expansion of electricity services in Rwanda. It is built AFR Rwanda around two pillars: (i) containing the fiscal impact of the electricity sector, and P169040 8/29/2019 2025 / 2057 c DPF - - No - 125 90 - (ii) improving the operational efficiency, affordability, and accountability of electricity service.

COVID-19 Emergency Response Project prevents, detects and responds AFR Rwanda to the threat posed by COVID-19 and strengthens national systems for public P173855 4/7/2020 2026 / 2058 c IPF - - No - 14 10 - health preparedness in the Republic of Rwanda.

Energy Sector Supplemental Development Policy Financing enables fiscally sustainable expansion of electricity services in Rwanda, which is built around AFR Rwanda P173882 5/1/2020 2026 / 2058 c DPF - - No - 100 73 - two pillars: containing the fiscal impact of the electricity sector and improving the operational efficiency, affordability, and accountability of electricity service.

Priority Skills for Growth Program-for-Results (Additional Financing) AFR Rwanda expands opportunities for the acquisition of quality, market-relevant skills in P172735 6/30/2020 2026 / 2058 c,g PforR Yes - No - 150 111 - energy, transport and logistics, and manufacturing.

Third Strengthening Growth and Fiscal Policy Development Policy Financing helps the government introduce growth-enabling reforms in the AFR Sao Tome and Principe P164321 12/18/2019 N/A g DPF - - No - 5 4 - financial sector, business environment, and infrastructure; generates fiscal resources and savings; and improves quality of expenditures.

COVID-19 Emergency Response Project prevents, detects and responds AFR Sao Tome and Principe to the threat posed by COVID-19 and strengthens national systems for public P173783 4/2/2020 N/A g IPF - - No - 3 2 - health preparedness. Principal Commitment Amounts (millions)d

Third Multisectoral Structural Reforms Development Policy Financing supports the government's efforts in the energy sector by improving financial performance and reliability and facilitating equitable access; enhancing the AFR Senegal P170366 12/18/2019 2026 / 2057 c DPF - - No - 180 130 - legal and regulatory framework of the ICT sector to promote competition, investment, and equitable access; and reinforcing the policy, institutional, and financial foundations of the emerging digital economy.

Senegal Municipal Solid Waste Management Project strengthens the AFR Senegal governance of solid waste management in Senegal and improves solid waste P161477 3/5/2020 2029 / 2049 c IPF - - Yes - 125 90 - management services in selected municipalities.

COVID-19 Response Project prevents, detects and responds to the COVID- AFR Senegal P173838 4/2/2020 2026 / 2057 c IPF - - No - 20 15 - 19 disease outbreak in Senegal.

Agriculture and Livestock Competitiveness Program for Results AFR Senegal enhances productivity and market access of priority commodity value chains P164967 5/12/2020 2029 / 2050 c PforR - - Yes - 150 109 - and livestock in the Extended Groundnut Basin and Agro-pastoral Areas.

Third Multisectoral Structural Reforms Development Policy Operation (Supplemental Financing) supports Government efforts in the energy sector by improving financial performance, reliability and facilitating AFR Senegal equitable access; enhancing the legal and regulatory framework of the ICT P173918 6/15/2020 2026 / 2058 c,g DPF - - No - 100 74 - sector to promote competition, investment and equitable access, and reinforcing policy, institutional, and financial foundations of the emerging digital economy.

COVID-19 Crisis Response Emergency Development Policy Financing supports the Republic of Seychelles in its response and recovery from AFR Seychelles COVID-19 crisis by enhancing response mechanisms in health, social P174198 6/25/2020 2030 / 2045 l DPF - - No 15 - - - protection and private sector, and supporting sustainable post-crisis recovery through strengthened financial systems and climate resilience.

Social Safety Net Project (Second Additional Financing) establishes the AFR Sierra Leone key building blocks for a basic national safety net system and provides P167757 7/1/2019 N/A g IPF Yes - No - 30 22 - income support to extremely poor households in Sierra Leone.

COVID-19 Emergency Preparedness and Response Project prevents, AFR Sierra Leone detects and responds to the threat posed by COVID-19 and strengthens P173803 4/2/2020 N/A g IPF - - No - 8 6 - national systems for public health preparedness in Sierra Leone.

Third Productivity and Transparency Support Development Policy Financing achieves sustainable and inclusive economic development by AFR Sierra Leone creating the conditions for increased productivity in selected economic P169498 6/17/2020 N/A g DPF - - No - 100 73 - sectors and improving transparency in selected government decision making processes. Free Education Project improves the management of the education AFR Sierra Leone P167897 6/29/2020 N/A g IPF - - Yes - 50 37 - system, teaching practices, and learning conditions. Water for Agro-Pastoral Productivity and Resilience develops water and AFR Somalia agricultural services among agro-pastoralist communities in dryland areas of P167826 7/1/2019 N/A g IPF - - No - 42 30 - Somalia.

Shock Responsive Safety Net for Human Capital Project provides cash AFR Somalia transfers to targeted poor and vulnerable households and establishes the key P171346 8/8/2019 N/A g IPF - - No - 65 47 - building blocks of a national shock-responsive safety net system.

Second Urban Resilience Project strengthens public service delivery AFR Somalia capacity of local governments and increase access to urban infrastructure P170922 12/9/2019 N/A g IPF - - No - 50 37 - and services in selected areas. Somalia Reengagement and Reform Development Policy Financing facilitates Somalia's full reengagement with the World Bank Group and AFR Somalia supports Somalia’s economic recovery through policy reforms that P171570 2/27/2020 N/A g DPF - - No - 420 304 - strengthen fiscal management and promote inclusive private sector-led growth. Crisis Recovery Project supports the recovery of livelihoods and AFR Somalia infrastructure in flood and drought affected areas and strengthens capacity P173315 5/15/2020 N/A g IPF - - Yes - 138 101 - for disaster preparedness nationwide. Principal Commitment Amounts (millions)d

Somalia Recurrent Cost & Reform Financing Project (Phase 3) supports the Federal Government of Somalia and Eligible Federal Member States to AFR Somalia P173731 6/11/2020 N/A g IPF - - No - 68 50 - strengthen resource management systems, the inter-governmental fiscal framework, and service delivery systems in health and education.

Reengagement and Reform Supplemental Development Policy Financing facilitates Somalia's full reengagement with the World Bank AFR Somalia Group and supports Somalia’s economic recovery through policy reforms P174064 6/23/2020 N/A g DPF - - No - 55 40 - that strengthen fiscal management and promote inclusive private sector-led growth. Shock Responsive Safety Net for Locust Response Project protects food AFR Somalia security and livelihoods of poor and vulnerable households affected by the P174065 6/29/2020 N/A g IPF - - Yes - 40 29 - locust outbreak.

Integrated Statistics and Economic Planning Capacity Building strengthens the national statistical system in the collection, processing and AFR Somalia P171160 6/30/2020 N/A g IPF - - No - 25 18 - dissemination of poverty and selected macro-economic data to inform development policy and poverty reduction activities.

Safety Net Project (SSSNP) provides temporary income opportunities to AFR South Sudan selected poor and vulnerable households and strengthens safety net delivery P169274 4/28/2020 N/A g IPF - - Yes - 40 29 - tools in the Republic of South Sudan.

Productive Social Safety Net Project (Phase 2) improves access to income-earning opportunities and socioeconomic services for targeted poor AFR Tanzania P169165 9/12/2019 2026 / 2057 c IPF - - Yes - 450 324 - households while enhancing and protecting the human capital of their children. Tanzania Secondary Education Quality Improvement Project (SEQUIP) increases access to secondary education, provides responsive learning AFR Tanzania P170480 3/31/2020 2026 / 2058 c IPF - - Yes - 500 364 - environments for girls, and improves completion of quality secondary education for girls and boys.

First Fiscal Management and Energy Reform Development Policy AFR Togo Financing enhances fiscal and debt management and strengthens energy P169867 12/16/2019 2026 / 2057 c,g DPF - - No - 150 109 - sector financial viability and use of renewable energy.

COVID-19 Emergency Response and Systems Preparedness Strengthening Project prevents, detects and responds to the threat posed AFR Togo P173880 4/17/2020 2026 / 2057 c,g IPF - - Yes - 8 6 - by COVID-19 and strengthens national systems for public health preparedness in Togo.

Competitiveness and Enterprise Development Project improves the competitiveness of enterprises in Uganda by providing support for the AFR Uganda implementation of business environment reforms, including the land P169435 3/2/2020 2026 / 2058 c IPF Yes - No - 100 73 - administration reform and the development of priority productive and service sectors. Investing in Forests and Protected Areas for Climate-Smart Development Project improves sustainable management of forests and AFR Uganda P170466 4/23/2020 2026 / 2058 c,g IPF - - Yes - 148 108 - protected areas and increases benefits to communities from forests in target landscapes

Irrigation for Climate Resilience Project (ICRP) provides farmers in the AFR Uganda project areas with access to irrigation and other agricultural services and P163836 6/18/2020 2026 / 2058 c IPF - - Yes - 169 123 - establishes management arrangements for irrigation service delivery.

COVID-19 Economic Crisis and Recovery Development Policy AFR Uganda Financing strengthens the crisis response and protects the most vulnerable P173906 6/29/2020 2026 / 2058 c DPF - - No - 300 219 - and supports faster economic recovery and debt transparency.

Girls' Education and Women's Empowerment and Livelihood Project (Additional Financing) supports the Government of Zambia to increase AFR Zambia access to livelihood support for women and access to secondary education P169975 3/27/2020 2025 / 2049 c IPF Yes - No - 142 103 - for disadvantaged adolescent girls in extremely poor households in selected districts.

Education Enhancement Project improves the quality of teaching and AFR Zambia learning in mathematics and science in targeted primary and secondary P170513 5/21/2020 2025 / 2050 c IPF Yes - Yes - 120 88 - schools and increases equitable access to secondary education.

Irrigation Development Support Project (Additional Financing) provides AFR Zambia improved access to irrigation services in selected sites in the Recipient's P172140 5/29/2020 2025 / 2050 c IPF Yes - No - 30 22 - territory. Idai Recovery Project addresses the early and medium-term resilient AFR Zimbabwe P171114 7/16/2019 N/A g IPF - - Yes - 72 52 - disaster recovery needs of cyclone-affected people. Principal Commitment Amounts (millions)d

COVID-19 Emergency Response Project assists Cambodia in its efforts to EAP Cambodia prevent, detect and respond to the threat posed by COVID-19 and P173815 4/2/2020 2026 / 2058 c IPF - - No - 20 15 - strengthens national systems for public health preparedness.

Strengthening Pre-Service Education System for Health Professionals EAP Cambodia Project strengthens Cambodia’s pre-service education system for health P169629 5/29/2020 2026 / 2058 c IPF - - No - 15 11 - professionals. Land Allocation for Social and Economic Development Project III provides access to land tenure security, agricultural and social services, and EAP Cambodia P171331 6/26/2020 2026 / 2058 c IPF - - Yes - 93 68 - selected infrastructure to small farmers and communities in the project areas.

Forest Ecosystem Improvement in the Upper Reaches of Yangtze River EAP China Basin Program-for-Results improves sustainable forest ecosystem P164047 12/17/2019 2029 / 2047 l PforR - - No 150 - - - management in support of the Large-Scale Greening Sichuan Program.

Sichuan Water Supply and Sanitation PPP Project improves access to water supply and sanitation services and improves the quality and efficiency EAP China P168025 3/3/2020 2026 / 2045 l IPF - - No 100 - - - of water supply and sanitation service delivery in select peri-urban and rural areas of Jingyang District of Deyang City in Sichuan Province.

Henan Green Agriculture Fund Projecto demonstrates the viability of EAP China financing green agriculture investments, and fosters the innovation and P169758 3/26/2020 2029 / 2045 l IPF - - No 300 - - - adoption of green agriculture standards and technologies in Henan

Hubei Smart and Sustainable Agriculture Project promotes integrated environmentally sustainable and climate-smart agriculture, and agri-food EAP China P168061 5/21/2020 2025 / 2045 l IPF - - No 150 - - - quality and safety, in targeted value chains and landscapes in Hubei Province. Jiangxi Eco-industrial Parks Project strengthens Jiangxi’s institutional and regulatory framework for eco-industrial parks (EIP) in line with the EAP China P158079 6/18/2020 2029 / 2050 l IPF - - No 200 - - - International EIP Framework and demonstrate its implementation in Fuzhou New Industries Zone. Emerging Infectious Diseases Prevention, Preparedness and Response Project strengthens selected national and provincial systems to pilot a EAP China P173746 6/18/2020 2025 / 2050 l IPF - - No 300 - - - multisectoral approach for reducing the risk of zoonotic and other emerging health threats.

Statistical Innovation and Capacity Building in the Pacific Islands East Asia and Pacific EAP Project improves the quality of welfare data collection and accessibility to P168122 2/11/2020 N/A g IPF - - Yes - 4 3 - (Regional)13 comparable welfare data in the Pacific Island Countries.

Second‐ Fiscal Sustainability and Climate Resilience Development Policy Financing supports the government’s efforts to strengthen EAP Fiji P168402 11/7/2019 2024 / 2059 c,l DPF - - No 6 58 42 - medium term fiscal sustainability, improve the investment climate, and build climate resilience.

COVID-19 Emergency Response Project prevents, detects and responds EAP Fiji to the threat posed by COVID-19 and strengthens national systems for public P173903 6/24/2020 2030 / 2060 c IPF - - No - 6 5 - health preparedness in the Republic of Fiji.

Geothermal Resource Risk Mitigation Project scales up investment in EAP Indonesia geothermal energy development and supports Indonesia in its efforts to P166071 9/26/2019 2030 / 2030 l IPF - - No 150 - - - reduce greenhouse gas emissions in the country.

Disaster Resilience Initiatives Project improves the preparedness of the EAP Indonesia P170874 11/27/2019 2026 / 2033 l IPF - - No 160 - - - central government and selected local governments for natural hazards.

Improvement of Solid Waste Management to Support Regional and EAP Indonesia Metropolitan Cities Project improves solid waste management services for P157245 12/5/2019 2027 / 2032 l IPF - - Yes 100 - - - urban populations in selected cities across Indonesia.

Indonesia First Financial Sector Reform Development Policy Financing EAP Indonesia supports financial sector reforms that will assist the Government of Indonesia P170940 3/20/2020 2025 / 2034 l DPF - - No 300 - - - in achieving a deep, efficient and resilient financial sector.

Social Assistance Reform Program (Additional Financing) supports the conditional cash transfer program coverage expansion, strengthens its EAP Indonesia P172381 5/15/2020 2026 / 2034 l PforR Yes - No 400 - - - delivery system, and improves its coordination with other complementary social programs. First Financial Sector Reform Development Policy Financing: COVID-19 (Supplemental Financing) supports financial sector reforms that will assist EAP Indonesia P174025 5/15/2020 2025 / 2034 l DPF - - No 300 - - - the Government of Indonesia in achieving a deep, efficient and resilient financial sector. Principal Commitment Amounts (millions)d

South Tarawa Water Supply Project increases access to and quality of EAP Kiribati water supply services and improves the operational performance of the water P162938 12/13/2019 N/A g IPF - - Yes - 15 11 - supply services provider in South Tarawa.

Statistical Innovation and Capacity Building in Kiribati Project improves EAP Kiribati the quality and efficiency of welfare data collection, and accessibility to P171380 2/11/2020 N/A g IPF - - No - 2 2 - comparable welfare data in Kiribati. Pacific Islands Regional Oceanscape Program improves management of EAP Kiribati P165821 3/12/2020 N/A g IPF - - No - 20 14 - selected fisheries and seafood safety in Kiribati.

Outer Islands Transport Infrastructure Investment Project improves the connectivity, safety and climate resilience of transport infrastructure on EAP Kiribati P165838 3/12/2020 N/A g IPF - - No - 30 22 - Selected Outer Islands, and in the event of an Eligible Crisis or Emergency, to provide an immediate response to the Eligible Crisis or Emergency.

COVID-19 Emergency Response Project prevents, detects and responds EAP Kiribati to the threat posed by COVID-19 and strengthens national systems for public P174219 6/25/2020 N/A g IPF - - Yes - 3 2 - health preparedness in the Recipient’s territory.

Third Poverty Reduction Fund Project (Additional Financing) improves Lao People's Democratic access to community-prioritized basic services, as well as supports the EAP P168620 12/2/2019 2025 / 2049 c IPF Yes - No - 23 17 - Republic production and consumption of nutritious foods in targeted poor communities. Southeast Asia Disaster Risk Management Project (Additional Lao People's Democratic Financing) reduces the impacts of flooding in Muang Xay and enhances the EAP P170945 12/13/2019 2025 / 2049 c IPF Yes - No - 25 18 - Republic government’s capacity to provide hydrometeorological services and disaster response.

Road Sector Project 2 (Additional Financing) strengthens maintenance Lao People's Democratic EAP systems to improve reliable road connectivity in Lao PDR and provides P170951 12/13/2019 2025 / 2049 c IPF Yes - No - 25 18 - Republic immediate and effective response in case of an eligible crisis or emergency.

Scaling Up Participatory Sustainable Forest Management Project Lao People's Democratic (Additional Financing) strengthen participatory sustainable forest EAP P170810 2/11/2020 2025 / 2049 c IPF Yes - Yes - 5 4 - Republic management in targeted production forest areas and forest landscape management in targeted provinces.”

Lao People's Democratic Health and Nutrition Services Access Project improves access to quality EAP P166165 3/12/2020 2025 / 2050 c IPF - - Yes - 23 17 - Republic health and nutrition services in targeted areas of Lao PDR.

Lao People’s Democratic Republic Civil Registration and Vital Statistics Lao People's Democratic Project improves coverage of civil registration of vital events, particularly EAP P167601 3/30/2020 2025 / 2049 c IPF - - No - 25 18 - Republic births and deaths in Lao PDR, with the establishment of a functional electronic civil management information system.

Lao PDR Financial Sector Safety Net Strengthening Project strengthens Lao People's Democratic EAP the financial and institutional capacity of the Deposit Protection Office to P169194 3/30/2020 2025 / 2049 c IPF - - No - 35 26 - Republic fulfill its deposit insurance mandate. COVID-19 Response Project responds to the COVID-19 outbreak and Lao People's Democratic EAP strengthens national systems for public health emergency preparedness in P173817 4/6/2020 2025 / 2049 c IPF - - No - 18 13 - Republic Lao PDR.

RMI COVID-19 Emergency Response Project prevents and responds to EAP Marshall Islands the threat posed by COVID-19 and strengthens national systems for public P173887 4/16/2020 N/A g IPF - - Yes - 3 2 - health preparedness in the Republic of the Marshall Islands.

Second Pacific Resilience Project under the Pacific Resilience Program (Additional Financing) strengthens early warning systems and climate- EAP Marshall Islands resilient investments in shoreline protection and provides immediate and P172014 4/24/2020 N/A g IPF Yes - No - 15 11 - effective response to an eligible crisis or emergency.

Digital Federated States of Micronesia Project expands access to the Micronesia, Federated internet, promotes private sector investment in digital services, and EAP P170718 3/27/2020 N/A g IPF - - No - 31 22 - States of establishes the critical foundations for digital government services and the digital economy in the Federated States of Micronesia.

Maritime Investment Project (Additional Financing) improves the safety, Micronesia, Federated efficiency and climate resilience of maritime infrastructure and operations in EAP P174075 6/5/2020 N/A g IPF Yes - No - 3 2 - States of the Federated States of Micronesia and provides an immediate response in the event of an eligible crisis or emergency. Principal Commitment Amounts (millions)d

Second Economic Management Support Development Policy Financing EAP Mongolia support the governments of Mongolia in restoring debt sustainability, P167485 7/30/2019 2024 / 2049 c,l DPF - - No 20 80 58 - strengthening the social protection system, and enhancing competitiveness.

Ulaanbaatar Clean Air Project (Additional Financing)‐ enables consumers in ger areas to access heating appliances producing less particulate matter EAP Mongolia emissions and further develops selected medium term particulate matter P167421 9/30/2019 2024 / 2049 c IPF Yes - No - 12 9 - abatement measures in Ulaanbaatar in coordination with development partners. Livestock Commercialization Project improves livestock health, productivity, and commercialization of targeted value chains in project EAP Mongolia P165945 12/13/2019 2025 / 2049 c IPF - - Yes - 30 22 - locations and provides immediate and effective response in the event of an eligible crisis or emergency. COVID-19 Emergency Response and Health System Preparedness Project strengthens Mongolia’s capacity to prevent and respond to the EAP Mongolia P173799 4/2/2020 2025 / 2049 c,l IPF - - No 14 13 10 - COVID-19 outbreak and strengthens national systems for public health preparedness.

Ulaanbaatar Heating Sector Improvement Project expands capacity and EAP Mongolia P170676 4/24/2020 2025 / 2049 c IPF - - No - 41 30 - improves efficiency of the district heating network in selected project areas.

Third Sustainable Livelihoods Project (Additional Financing) improves EAP Mongolia governance and community participation for the planning and delivery of P173126 4/24/2020 2025 / 2050 c IPF Yes - No - 12 9 - priority investments in rural areas of Mongolia Emergency Relief and Employment Support Project provides jobseekers and micro-entrepreneurs in Mongolia with improved access to labor market EAP Mongolia P174116 6/19/2020 2025 / 2050 c IPF - - No - 20 15 - opportunities and provides temporary relief to eligible workers in response to the COVID-19 crisis. Maternal and Child Cash Transfers for Improved Nutrition Project expands access to the cash transfer program, improves selected nutrition EAP Myanmar behaviors in priority target areas, and enhances the Ministry of Social P164129 9/26/2019 2025 / 2049 c IPF - - Yes - 100 72 - Welfare, Relief, and Resettlement's capacity to deliver social protection programs.

Inclusive Access and Quality Education project improves equitable EAP Myanmar access to, and quality of, basic education delivered through formal, P163389 3/3/2020 2025 / 2050 c IPF - - Yes - 100 72 - alternative, and complementary institutions and providers.

COVID-19 Emergency Response Project respond to the threat posed by EAP Myanmar COVID-19 and strengthens national systems for public health emergency P173902 4/14/2020 2025 / 2049 c IPF - - Yes - 50 37 - preparedness in Myanmar. Power System Efficiency and Resilience Project increases the output and efficiency of power generation and improves the resilience of the power EAP Myanmar P162151 5/29/2020 2025 / 2050 c IPF - - No - 350 255 - network in support of the government’s program on universal electricity access.

Essential Health Services Access Project (Additional Financing) increases coverage of essential health services of adequate quality, with a EAP Myanmar P160208 5/29/2020 2025 / 2050 c IPF Yes - Yes - 100 73 - focus on maternal, newborn and child health, and provides immediate and effective response in the event of an eligible crisis or emergency.

National Food and Agriculture System Project increases agricultural productivity and diversification and EAP Myanmar P164448 6/26/2020 2025 / 2050 c IPF - - Yes - 200 146 - enhances market access for selected value chains in the project area, and responds to an eligible crisis or emergency.

COVID-19 Emergency Response Project prevents, detects and responds EAP Papua New Guinea to the threat posed by COVID-19 and strengthens national systems for public P173834 4/10/2020 2025 / 2049 c IPF - - No - 20 15 - health preparedness in Papua New Guinea (PNG).

Agriculture Commercialization and Diversification Project facilitates the EAP Papua New Guinea development of competitive and diversified agriculture value chains for P166222 4/22/2020 2025 / 2050 c IPF - - Yes - 40 29 - selected commodities in targeted provinces. Urban Youth Employment Project II improves the capacity of participating EAP Papua New Guinea young men and women in project areas to engage in productive income P166420 4/22/2020 2025 / 2050 c IPF - - Yes - 35 26 - generating activities.

Improving Access to and Value from Health Services: Financing the EAP Papua New Guinea Frontlines contributes to increasing the utilization of quality essential health P167184 4/22/2020 2025 / 2050 c IPF - - Yes - 30 22 - services in Project-supported provinces of the recipient.

Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-Program 1 Development Policy Financing supports the EAP Philippines P170052 12/17/2019 2030 / 2038 l DPF - - No 400 - - - government in promoting competitiveness, enhancing fiscal sustainability, and strengthening financial resilience to natural disasters and climate change Principal Commitment Amounts (millions)d

Third Disaster Risk Management Development Policy Loan strengthens the policy and institutional capacity of the Government of the Philippines to reduce disaster risk and respond to and recover from natural disasters. This EAP Philippines P171440 4/9/2020 2031 / 2049 l DPF - - No 500 - - - will be achieved by supporting policy actions aimed at further strengthening the policy, regulations and institutional framework for disaster risk reduction; and enhancing the capacity to respond and recover from disasters.

COVID-19 Emergency Response Project strengthens the Philippines' EAP Philippines capacity to prevent, detect and respond to the threat posed by COVID-19 P173877 4/22/2020 2031 / 2049 l IPF - - No 100 - - - and strengthens national systems for public health preparedness.

Emergency COVID-19 Response Development Policy Loan mitigates the EAP Philippines impact of COVID-19 on poor and vulnerable households and provides P174120 5/28/2020 2031 / 2049 l DPF - - No 500 - - - financial relief to affected small and medium enterprises.

Support to Parcelization of Lands for Individual Titling (SPLIT) Project EAP Philippines improves land tenure security and stabilizes property rights of agrarian P172399 6/26/2020 2031 / 2049 l IPF - - No 370 - - - reform beneficiaries (ARBs).

Agriculture and Fisheries Productivity and Marketing Project increases the productivity and access to markets by selected producers, improves EAP Samoa P165873 7/2/2019 N/A g IPF - - Yes - 20 14 - management of targeted productive natural resources and, provides an immediate response in the event of an eligible crisis or emergency.

Health System Strengthening Program-for-Results improves the quality EAP Samoa and efficiency of non-communicable disease prevention and control in P164382 12/5/2019 N/A g PforR - - Yes - 9 7 - Samoa. COVID-19 Emergency Response Project prevents, detects and responds EAP Samoa to the threat posed by COVID-19 in Samoa to strengthens national systems P173920 4/21/2020 N/A g IPF - - No - 3 2 - for public health preparedness.

Rural Development Program II (Additional Financing) improves basic EAP Solomon Islands infrastructure and services in rural areas and strengthens the linkages P170283 2/26/2020 N/A g IPF Yes - No - 2 2 - between smallholder farming households and markets.

The First Transition to Sustainable Growth Development Policy Operation focuses on strengthening fiscal management in the areas of debt EAP Solomon Islands management, cash management and budget management; and P167465 5/6/2020 2030 / 2060 c,g DPF - - No - 15 11 - strengthening the business environment through simplifying tax processes, fighting corruption and supporting more efficient payments systems.

Branch Roads Project improves road access, safety, and climate resilience EAP Timor-Leste on the Gleno–Maubisse Corridor and provides an immediate response in the P155203 11/26/2019 2030 / 2059 c IPF - - Yes - 59 43 - event of an eligible crisis or emergency. Basic Education Strengthening and Transformation Project improves EAP Timor-Leste the learning environment of basic education schools and increases the P166744 4/22/2020 2030 / 2060 c IPF - - No - 15 11 - efficiency and equity of basic education programs.

Water Supply and Sanitation Project increases access to safely managed EAP Timor-Leste P167901 4/22/2020 2030 / 2060 c IPF - - No - 25 18 - drinking water and sanitation services in the municipality of Baucau.

Statistical Innovation and Capacity Building in Tonga Project improves EAP Tonga the quality and efficiency of welfare data collection, and accessibility to P171377 2/11/2020 N/A g IPF - - No - 2 2 - comparable welfare data in Tonga. First Resilience Development Policy Operation strengthens public EAP Tonga finances; enhances resilience to the effects of climate change and disasters; P171071 5/12/2020 N/A g DPF - - No - 6 4 - and improves skills and labor mobility.

Climate Resilient Transport Project (Additional Financing) improves the EAP Tonga climate resilience of Tonga's transport sector and provides an immediate P174077 6/5/2020 N/A g IPF Yes - No - 3 2 - response in the event of an eligible crisis or emergency.

First Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option supports the government’s efforts to EAP Tuvalu strengthen public financial management, enhance infrastructure P170558 12/13/2019 N/A g DPF - - No - 14 10 - management and disaster- and climate-resilience, and improve social protection and inclusion in education. Learning Project improves the readiness of children entering first grade and EAP Tuvalu P171681 6/5/2020 N/A g IPF - - No - 14 10 - improves the reading skills of students. Maritime Investment in Climate Resilient Operations Project (Additional Financing) improves the climate resilience of Nanumaga harbor and EAP Tuvalu P174089 6/5/2020 N/A g IPF Yes - No - 3 2 - Funafuti port and provides an immediate response in the event of an eligible crisis or emergency. Principal Commitment Amounts (millions)d

Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Drawdown Option enhances Vanuatu's regulatory EAP Vanuatu P168749 1/7/2020 N/A g DPF - - No - 10 7 - framework and institutional capacity to manage and reduce the risks from natural disasters and climate change and manage public debt.

Climate Resilient Transport Project improves the climate resilience of Vanuatu's road network, with emphasis on the selected project road, and EAP Vanuatu P167382 1/23/2020 2030 / 2059 c,g IPF - - Yes - 66 48 - provides an immediate response in the event of an eligible crisis or emergency. Climate Change and Green Growth Development Policy Financing EAP Vietnam promotes climate resilient management of landscapes and adoption of P171006 6/5/2020 2025 / 2050 c DPF - - No - 84 62 - cleaner transport and energy systems.

University Development of VNU-Hanoi, VNU-HCM, and UD improves the EAP Vietnam P166656 6/30/2020 2027 / 2042 c IPF - - No - 295 214 - quality of teaching and research at three targeted national universities.

Vinh Long City Urban Development and Enhanced Climate Resilience EAP Vietnam Project in Vinh Long Province improves access to infrastructure and P171700 6/30/2020 2027 / 2042 c IPF - - No - 127 92 - connectivity and reduces flood risk in the urban core area of Vinh Long City.

Gender Equality in Access to Economic Opportunities Development Policy Financing supports the government's efforts to enhance the policy framework for gender equality in access to economic opportunities, with a ECA Albania P160594 11/14/2019 2026 / 2042 l DPF - - No 10 - - - focus on improving women’s access to assets, levelling the playing field to enhance labor market opportunities for women, and strengthening institutional arrangements for gender-informed policy making.

Economic, Fiscal, and Public Sector Governance‐ Development‐ Policy Financing supports the government’s actions to strengthen economic, fiscal, and public sector governance by improving pro competition, pro trade and ECA Armenia streamlined‐ quality regulations and processes; enhancing efficiency of P169624 11/21/2019 2034 / 2044 l DPF - - No 50 - - - revenue mobilization and public investment; and strengthening anti corruption initiatives and the performance of the justice sector and the civil service.

Additional Financing for the Armenia Social Investment and Local ECA Armenia Development Project improves the quality and use of and access to P171862 3/20/2020 2034 / 2045 l IPF Yes - No 20 - - - community and intercommunity infrastructure. Employment Support Project improves vulnerable people's access to ECA Azerbaijan P171250 3/5/2020 2024 / 2034 l IPF - - No 100 - - - employment. Judicial Services & Smart Infrastructure Project (Additional Financing) ECA Azerbaijan improves the access, transparency and efficiency of delivery of selected P172787 3/26/2020 2024 / 2031 l IPF Yes - No 50 - - - justice services. Sustainable Energy Scale-Up Project scales up efficient energy use in ECA Belarus space heating of multi-apartment buildings and renewable wood biomass P165651 10/30/2019 2024 / 2039 l IPF - - No 99 - - - utilization for heating in selected localities in Belarus. Higher Education Modernization Project improves the teaching and ECA Belarus learning environment and the P167992 5/20/2020 2025 / 2034 l IPF - - No 110 - - - information on labor market relevance of higher education. Emergency COVID-19 Response Project prevents, detects and responds ECA Belarus to the threat posed by COVID-19 and strengthens national systems for public P173828 5/21/2020 2031 / 2031 l IPF - - No 99 - - - health preparedness in Belarus.

Real Estate Registration Project (Additional Financing) supports development of a sustainable real estate registration system with ECA Bosnia and Herzegovina P169463 3/5/2020 2027 / 2052 l IPF Yes - No 22 - - - harmonized land register and cadastre records in urban areas of both the Federation of Bosnia and Herzegovina and the Republic of Srpska.

Emergency COVID-19 Project prevents, detects, and responds to the threat ECA Bosnia and Herzegovina posed by the COVID-19 P173809 4/23/2020 2027 / 2052 l IPF - - No 36 - - - pandemic in Bosnia and Herzegovina. Justice for Business Project improves the business regulatory procedures ECA Croatia and justice service standards P167247 3/31/2020 2025 / 2029 l IPF - - No 110 - - - for businesses and citizens.

Crisis Response and Recovery Development Policy Operation supports ECA Croatia the government’s efforts to mitigate the economic and social impact of the P173996 6/26/2020 2025 / 2034 l DPF - - No 300 - - - COVID-19 pandemic and advance inclusive and sustainable recovery.

Earthquake Recovery and Public Health Preparedness Project assists Croatia with earthquake reconstruction efforts in Zagreb and the surrounding ECA Croatia P173998 6/26/2020 2025 / 2034 l IPF - - No 200 - - - areas, improves institutional capacity for reconstruction, and strengthens national systems for public health preparedness. Principal Commitment Amounts (millions)d

Economic Management and Competitiveness Development Policy Operation supports the Government’s program of reforms to sustain rapid growth, and ensure greater inclusion, job creation and resilience by strengthening economic management through improving ECA Georgia the efficiency of public resource use and enhancing competitiveness through P169913 3/26/2020 2034 / 2045 l DPF - - No 50 - - - introducing evidence-based policy making, promoting more competitive markets, diversifying the financial sector, improving teacher deployment and remuneration with a view toward ensuring a more qualified workforce over the long term, and strengthening investment promotion.

Emergency COVID-19 Response Project prevents, detects, and responds ECA Georgia to the threat posed by the COVID-19 pandemic and strengthens national P173911 4/30/2020 2033 / 2046 l IPF - - No 80 - - - systems for public health preparedness in Georgia.

Second Regional and Municipal Infrastructure Development Project ECA Georgia (Additional Financing) improves the efficiency and reliability of targeted P169082 5/18/2020 2034 / 2045 l IPF Yes - No 41 - - - municipal services and infrastructure. Economic Management and Competitiveness Development Policy Operation: COVID19 (Supplemental Financing) supports the ECA Georgia P173965 6/30/2020 2034 / 2045 l DPF - - - 49 - - - government’s program of reforms to sustain rapid growth, and ensure greater inclusion, job creation and resilience.

Emergency COVID-19 Project prevents, detects, and responds to the threat ECA Kosovo posed by COVID-19 and P173819 5/20/2020 2025 / 2050 c IPF - - No - 50 37 - strengthens national systems for public health preparedness in Kosovo.

Fostering and Leveraging Opportunities for Water Security Program ECA Kosovo (Project 1) strengthens national capacity for managing water security, and P169150 6/9/2020 2025 / 2050 c IPF - - Yes - 27 21 - improves water security in Morava e Binces basin.

Tax Administration and Statistical System Modernization Project ECA Kyrgyz Republic improves the effectiveness of tax collection and the national statistical P163711 2/28/2020 2026 / 2058 c,g IPF - - No - 35 25 - system. Regional Economic Development Project supports the Kyrgyz Republic to ECA Kyrgyz Republic enhance regional economic development through targeted interventions in P167428 3/12/2020 2026 / 2057 c,g IPF - - Yes - 60 44 - the selected sectors in the Osh region. Learning for the Future Project enhances school readiness and teacher ECA Kyrgyz Republic effectiveness in pre-school through secondary education in targeted P170542 3/31/2020 2026 / 2058 c,g IPF - - No - 50 36 - communities Emergency COVID-19 Project prepares and responds to the COVID 19 ECA Kyrgyz Republic P173766 4/2/2020 2026 / 2057 c,g IPF - - No - 12 9 - pandemic in the Kyrgyz Republic. Enhancing Resilience in Kyrgyzstan Project (Additional Financing) supports Kyrgyzstan to strengthen its capacity to respond to disasters, ECA Kyrgyz Republic provide safer and improved learning environment for children, and reduce P172761 6/12/2020 2026 / 2058 c,g IPF Yes - No - 55 40 - adverse financial impacts of natural hazards on the country's budget and population. Higher Education Project improves the labor market orientation of selected ECA Moldova higher education P167790 3/5/2020 2025 / 2049 c IPF - - Yes - 39 29 - institutions and the quality assurance mechanisms.

Emergency COVID-19 Response Project prevents, detects and responds ECA Moldova P173776 4/24/2020 2025 / 2050 c IPF - - No - 58 42 - to the threat posed by the COVID-19 pandemic in the Republic of Moldova.

Second District Heating Efficiency Improvement Project helps increase ECA Moldova P172668 6/18/2020 2025 / 2050 l IPF - - No 100 - - - the efficiency of the District Heating system in Chisinau.

Revenue Administration Reform Project (Additional Financing) ECA Montenegro improves the effectiveness of operational functions of Montenegro’s tax P170454 10/10/2019 2024 / 2044 l IPF Yes - No 5 - - - administration and reduces the compliance costs for corporate taxpayers.

Second Fiscal and Financial Sector Resilience Policy-Based Guarantee ECA Montenegro P167665 3/5/2020 N/A gu DPF - - No 90 - - - strengthens public finance sustainability and financial sector resilience.

Public Finance and Competitiveness Development Policy Financing ECA North Macedonia supports reforms to strengthen public finances, improve market competition, P171851 9/19/2019 2023 / 2031 l DPF - - No 139 - - - and reduce the regulatory burden in North Macedonia.

Local Roads Connectivity Project improves government capacity to ECA North Macedonia P170267 12/18/2019 2025 / 2034 l IPF - - Yes 78 - - - manage local roads and improve access to markets and services. Principal Commitment Amounts (millions)d

Public Sector Energy Efficiency Project reduces energy consumption in ECA North Macedonia the public sector and supports the development and implementation of a P149990 1/30/2020 2023 / 2031 l IPF - - No 27 - - - sustainable financing mechanism for energy efficiency in the public sector.

Agriculture Modernization Project improves competitiveness in targeted ECA North Macedonia agricultural sub-sectors and strengthens agricultural public sector readiness P168014 1/30/2020 2024 / 2031 l IPF - - No 51 - - - for EU accession.

Social Insurance Administration Project improves the quality of services ECA North Macedonia in administering social insurance and strengthens the regulatory framework P170343 2/6/2020 2023 / 2031 l IPF - - No 15 - - - for people with disabilities and hazardous occupations.

Emergency COVID-19 Response Project prevents, detects and responds ECA North Macedonia to the threat posed by COVID-19 and strengthens national systems for public P173916 4/30/2020 2023 / 2032 l IPF - - No 99 - - - health preparedness in North Macedonia.

Health Program-for-Results increases the coverage of primary health care ECA Romania for underserved populations and improve the efficiency of health spending P169927 9/17/2019 2029 / 2029 l PforR - - Yes 557 - - - by addressing underlying institutional challenges.

Real Estate Management Project (Additional Financing) improves the ECA Serbia efficiency, transparency, accessibility, and reliability of Serbia’s real property P168640 11/21/2019 2023 / 2031 l IPF Yes - No 23 - - - management systems. Competitive Agriculture Project improves agri-food market linkages of ECA Serbia P167634 12/3/2019 2023 / 2031 l IPF - - No 50 - - - targeted beneficiaries.

Accelerating Innovation and Growth Entrepreneurship Project improves the relevance and excellence of scientific research and innovative ECA Serbia P170185 12/13/2019 2023 / 2031 l IPF - - No 48 - - - entrepreneurship and access to finance for enterprise growth, as a way of contributing to Serbia’s growth and competitiveness.

Emergency COVID-19 Response Project prevents, detects, and responds ECA Serbia to the threat posed by COVID-19 and strengthens national systems for public P173892 5/26/2020 2023 / 2031 l IPF - - No 100 - - - health preparedness. Rural Electrification Project provides electricity access to target ECA Tajikistan settlements in Gorno-Badakhshan Autonomous Oblast and Khatlon regions P170132 7/11/2019 N/A g IPF - - No - 32 23 - of Tajikistan. Health Services Improvement Project (Second Additional Financing) ECA Tajikistan contributes to the improvement of the coverage and quality of basic primary P170358 12/18/2019 N/A g IPF Yes - Yes - 10 7 - health care services in selected districts. Tajikistan Power Utility Financial Recovery Program-for-Results ECA Tajikistan improves the financial viability, increases the reliability of electricity supply, P168211 2/25/2020 N/A g PforR - - No - 134 97 - and strengthens the governance of Barqi Tojik. Emergency COVID-19 Project prepares and responds to the COVID-19 ECA Tajikistan pandemic in the Republic of P173765 4/2/2020 N/A g IPF - - No - 11 8 - Tajikistan. Early Childhood Development to Build Human Capital Project increases ECA Tajikistan utilization of a basic package of health and preschool education services for P169168 4/30/2020 N/A g IPF - - No - 70 51 - 0 to 6 year old children. Nurek Hydropower Rehabilitation Project Phase 2 rehabilitates and ECA Tajikistan increases the generating capacity of six power generating units of Nurek P173804 6/26/2020 N/A g IPF - - Yes - 50 37 - HPP and improves their efficiency. Energy Efficiency in Public Buildings Project reduces energy use in central government buildings and informs the development of sustainable ECA Turkey P162762 11/5/2019 2025 / 2030 l IPF - - No 150 - - - financing mechanisms to support a scaled-up, national program for energy efficiency in public buildings. Renewable Energy Integration Project (Additional Financing) assists Turkey in meeting its increased power demand by strengthening the ECA Turkey P169143 2/28/2020 2025 / 2033 l IPF Yes - No 325 - - - transmission system and facilitating large-scale renewable energy generation. Formal Employment Creation Projecto enhances the conditions for formal job creation by firms operating in provinces with high incidence of Syrians ECA Turkey P171766 3/31/2020 2030 / 2045 l IPF - - No 347 - - - under Temporary Protection (SuTP), for the benefit of Turkish citizens and refugees.

Municipal Services Improvement Project improves host and refugee communities' access to safely managed water supply, sanitation and solid ECA Turkey P169996 3/31/2020 2025 / 2050 l IPF - - Yes 149 - - - waste services in selected municipalities affected by the influx of Syrians under Temporary Protection in Turkey.

Emergency COVID-19 Health Project prevents, detects, and responds to ECA Turkey P173988 4/24/2020 2025 / 2030 l IPF - - No 100 - - - the threat posed by COVID-19 in Turkey. Long-Term Export Finance Guarantee improves access to longer-term ECA Turkey finance for Export Oriented Small and Medium Enterprises and Export P171448 6/12/2020 N/A gu IPF - - No 274 - - - Oriented Mid-Cap Enterprises. Principal Commitment Amounts (millions)d

Rail Logistics Improvement Project reduces transport costs in selected rail freight corridors and ECA Turkey strengthens institutional capacity at the Ministry of Transport and P170532 6/30/2020 2025 / 2030 l IPF - - Yes 350 - - - Infrastructure (MoTI) to deliver rail freight connectivity and manage rail-enabled logistics centers.

Serving People and Improving Health Project (Additional Financing) ECA Ukraine improves efficiency and quality of health services, particularly for non- P170740 4/27/2020 2026 / 2037 l IPF Yes - No 135 - - - communicable diseases, in line with health sector reforms.

Social Safety Nets Modernization Project (Additional Financing) ECA Ukraine improves the performance of Ukraine's social assistance and social services P170563 4/30/2020 2025 / 2038 l IPF Yes - No 150 - - - system for low-income families. Economic Recovery Development Policy Loan) fosters de-monopolization ECA Ukraine and anti-corruption institutions, strengthens land and credit markets, and P172597 6/26/2020 2030 / 2050 l DPF - - - 350 - - - bolsters the social safety net.

Strengthening the Social Protection System Project improves inclusion ECA Uzbekistan of poor and vulnerable people in the social assistance system and labor P166447 7/1/2019 2024 / 2049 c IPF - - No - 50 36 - market, including those affected by the economic reforms in Uzbekistan.

Prosperous Villages Project improves the quality of basic infrastructure ECA Uzbekistan and strengthens participatory local governance processes in selected P168233 11/14/2019 2024 / 2049 c IPF - - Yes - 100 73 - qishloqs (areas traditionally used for shelter during the winter months).

Water Services and Institutional Support Project improves coverage, quality, and efficiency of water supply and sanitation services in selected ECA Uzbekistan P162263 3/12/2020 2025 / 2049 c IPF - - No - 239 172 - areas and strengthens the planning and regulatory capacity of the water supply and sewerage sector. Agriculture Modernization Project enhances productivity-supporting ECA Uzbekistan agricultural services and promotes market-led, high-value horticulture value P158372 3/20/2020 2025 / 2049 c,l IPF - - No 181 319 236 - chains.

Emergency COVID-19 Response Project prevents, detects, and responds ECA Uzbekistan P173827 4/24/2020 2025 / 2049 c IPF - - No - 95 70 - to the threat posed by COVID-19 in the Republic of Uzbekistan.

Sustaining Market Reforms Supplementary Development Policy Financing sustains Uzbekistan's economic reforms and transition to a ECA Uzbekistan P173948 4/30/2020 2025 / 2049 l DPF - - No 200 - - - market economy by increasing the role of markets and the private sector in the economy and enhancing social inclusion.

Supporting the Electricity Social Tariff Transition in the Province of Buenos Aires Project supports the transition of the electricity social tariff LCR Argentina scheme from the federal to the Buenos Aires provincial level, while P170329 9/5/2019 2025 / 2052 l IPF - - No 150 - - - strengthening the institutional capacity of the province of Buenos Aires to implement social tariff delivery.

Matanza-Riachuelo Basin Sustainable Development Project (Additional Financing) improving sewerage services in the Matanza-Riachuelo River Basin and other parts of the province and city of Buenos Aires by expanding transport and treatment capacity; supports a reduction of industrial discharges to the Matanza-Riachuelo River through the provision of industrial LCR Argentina conversion grants to small and medium enterprises; promotes improved P171197 9/5/2019 2027 / 2051 l IPF Yes - No 245 - - - decision-making for environmentally sustainable land use and drainage planning, and piloting urban drainage and land use investments, in the Matanza-Riachuelo River Basin; and strengthens the Matanza-Riachuelo Basin Authority's institutional framework for ongoing and sustainable clean- up of the Matanza-Riachuelo River Basin.

Children and Youth Protection Project (Second Additional Financing) LCR Argentina expands coverage of the family allowances programs and improves P173081 3/24/2020 2027 / 2051 l IPF Yes - No 300 - - - transparency of social protection programs implemented by ANSES.

COVID-19 Emergency Response Project strengthens preparedness and LCR Argentina response efforts against the COVID-19 pandemic and strengthens national P173767 4/2/2020 2027 / 2052 l IPF - - No 35 - - - systems for public health preparedness in Argentina.

Bolivia Urban Resilience Project reduces vulnerability to LCR Bolivia hydrometeorological hazards and improves living conditions in selected low- P165861 2/19/2020 2026 / 2037 c IPF - - No - 70 51 - income areas in participating municipalities. Principal Commitment Amounts (millions)d

Ceará Water Security and Governance Project strengthens capacity for water resources management in the state of Ceará, improve reliability of LCR Brazil P165055 8/8/2019 2025 / 2045 l IPF - - No 140 - - - water services in selected municipalities, and improve operational efficiency of water services in the city of Fortaleza.

Improving Mobility and Urban Inclusion in the Amazonas Corridor in Belo Horizonte Project improves the quality of service and accessibility to LCR Brazil opportunities for public transport users in the area of influence of the P169134 3/24/2020 2025 / 2043 l IPF - - No 80 - - - Amazonas Express and the urban living conditions of the poor in selected precarious settlements. Southern Brazil Urban Resilience Program promotes urban resilience in LCR Brazil selected municipalities in Southern Brazil to address natural disaster and P170682 3/24/2020 2023 / 2045 l IPF - - No 99 - - - extreme climate-related events.

São Paulo Aricanduva Bus Rapid Transit Corridoro improves mobility and accessibility to jobs for socially vulnerable public transport users in the LCR Brazil P169140 4/22/2020 2025 / 2034 l IPF - - No 97 - - - influence area of the Aricanduva Corridor and enhances operational efficiency of the São Paulo city bus system.

Energy and Mineral Sectors Strengthening Project II strengthens LCR Brazil institutional capacity for market efficiency taking into consideration climate P170850 5/22/2020 2039 / 2039 l IPF - - Yes 38 - - - resilience in the energy and mining sectors in Brazil.

Colombia Institutional Strengthening for Territorial Development DPF supports policies to strengthen institutions for regional planning, resource LCR Colombia P170728 2/27/2020 2039 / 2039 l DPF - - No 400 - - - allocation, coordination and investment prioritization, and enhances the efficiency of land management in rural and urban areas.

Improving Quality of Health Care Services and Efficiency Program-for- LCR Colombia Results supports improvements in the quality of health care services and in P169866 3/19/2020 2040 / 2040 l PforR - - No 150 - - - the efficiency of the health system. COVID-19 Crisis Response Development Policy Financing supports the capacity of the health system, provides income and nutrition support to poor LCR Colombia P174118 6/26/2020 2040 / 2040 l DPF - - No 700 - - - and vulnerable households, and maintains liquidity and access to finance for firms, in response to COVID-19. Sustainable Fisheries Development Project improves management of LCR Costa Rica priority fisheries and enhances economic opportunities from those fisheries P168475 3/24/2020 2026 / 2053 l IPF - - No 75 - - - for Costa Rica. Costa Rica Fiscal Management Improvement Project improves efficiency, LCR Costa Rica effectiveness and client orientation of tax and customs administration, and P172352 3/26/2020 2026 / 2053 l IPF - - No 157 - - - public expenditure management.

First Fiscal and Decarbonization Management Development Policy Loan supports Costa Rica's program to protect people’s income and jobs from the impact of COVID-19 and foster small and medium enterprise LCR Costa Rica P171912 6/26/2020 2025 / 2054 l DPF - - No 300 - - - recovery; reinforces fiscal sustainability in the aftermath of COVID-19; and lays out the foundations for a strong post-COVID-19 recovery by promoting green growth and low-carbon development.

Caribbean Regional Air Transport Connectivity Project improves operational safety and resilience readiness to natural disasters of air LCR Dominica P171224 5/28/2020 2030 / 2060 c IPF - - No - 13 10 - transportation and strengthens the capacity of key agencies in air transportation operations and airport investment planning in Dominica.

Disaster Vulnerability Reduction Project (Additional Financing) reduces vulnerability to natural hazards and climate change impacts in Dominica LCR Dominica P174242 6/30/2020 2030 / 2060 c IPF Yes - No - 13 9 - through investment in resilient infrastructure and improved hazard data collection and monitoring systems.

Emergency Agricultural Livelihoods and Climate Resilience Project (Additional Financing) contributes to restoring agricultural livelihoods and LCR Dominica enhancing climate resilience of farmers and fisherfolk affected by Hurricane P174247 6/30/2020 2030 / 2060 c IPF Yes - No - 4 3 - Maria in Dominica and provides a response in the event of an eligible crisis or emergency.

COVID-19 Crisis Response Support supports the capacity of the health LCR Dominican Republic system, provides income support to poor and vulnerable households, and P174145 6/18/2020 2040 / 2040 l DPF - - No 100 - - - reduces the tax burden on households and firms during the COVID-19 crisis. Principal Commitment Amounts (millions)d

Growing up Healthy Together: Comprehensive Early Childhood Development in El Salvador strengthens health promotion behaviors among children aged 0 to 7 and their mothers during preconception and LCR El Salvador P169677 3/19/2020 2025 / 2044 l IPF - - No 250 - - - gestation, strengthens the early identification of risks and developmental delays in children aged 0 to 7, and improves the provision of quality maternal and child health care services.

Growing Up and Learning Together: Comprehensive Early Childhood Development in El Salvador Project improves Early Childhood Care and LCR El Salvador Education (ECCE) teaching practices nationwide, upgrades physical learning P171316 3/19/2020 2025 / 2044 l IPF - - No 250 - - - environments of selected ECCE centers, and strengthens institutional capacity for education sector management.

COVID-19 Emergency Response Project responds to and mitigates the LCR El Salvador threat posed by COVID-19 and strengthens the national system for public P173872 4/17/2020 2025 / 2044 l IPF - - No 20 - - - health preparedness in El Salvador.

Digital Government for Resilience Project enhances the efficiency, usage, LCR Grenada P167588 8/29/2019 2030 / 2059 c IPF - - No - 15 11 - and resilience of selected government digital services.

Second Fiscal Resilience and Blue Growth Development Policy Financing supports long-term fiscal sustainability; strengthens fiscal LCR Grenada resilience; and supports Grenada’s transition to a blue economy by P167748 12/16/2019 2030 / 2059 c DPF - - No - 20 14 - strengthening marine and coastal management, marine ecosystem health, and climate resilience. Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Drawdown Option strengthen Grenada’s disaster LCR Grenada P171465 1/21/2020 2030 / 2059 c DPF - - No - 20 14 - and climate resilience policy framework and fiscal risk management associated with natural hazards.

Caribbean Regional Air Transport Connectivity improves operational safety and navigation efficiency of air transportation, increases the climate LCR Grenada P172951 5/28/2020 2030 / 2060 c IPF - - No - 17 12 - and disaster resilience of the Maurice Bishop International Airport , and strengthens Grenada’s capacity in civil aviation and airport management.

COVID-19 Response prevents, detects and responds to the threat posed by LCR Guatemala COVID-19 and strengthens national systems for public health preparedness P173854 6/26/2020 2024 / 2055 l IPF - - No 20 - - - in the Republic of Guatemala. Cap Haitien Urban Development Project improves selected urban LCR Haiti infrastructure and public spaces to support a more livable and resilient Cap- P168951 3/6/2020 N/A g IPF - - Yes - 56 41 - Haitien city-region.

COVID-19 Response responds to the threat posed by COVID-19 and LCR Haiti P173811 4/2/2020 N/A g IPF - - No - 20 15 - strengthens national systems for public health preparedness in Haiti.

Caribbean Regional Air Transport Connectivity Project improves operational safety and navigation efficiency of air transport in the Recipient’s LCR Haiti P170907 5/28/2020 N/A g IPF - - No - 84 61 - territory; and increases the climate and disaster resilience of associated infrastructure at the Recipient’s international airports.

Rural Accessibility and Resilience Project (Additional Financing) LCR Haiti increases all-weather road access in selected sub-regions and improves the P173281 6/18/2020 N/A g IPF Yes - No - 33 24 - resilience of selected segments of the road network.

COVID-19 Response and Resilience Development Policy Operation supports the Republic of Haiti mitigate the impacts of the current COVID-19 LCR Haiti P171474 6/29/2020 N/A g DPF - - No - 20 15 - outbreak and enhances resilience to natural hazards and health-related shocks.

Early Childhood Education Improvement Project improves SE’s institutional capacity for preschool management; teaching practices of LCR Honduras P169161 3/19/2020 2025 / 2049 c IPF - - Yes - 30 22 - preschool teachers and educators; and physical learning environments in preschools serving children in targeted areas.

Disaster Risk Management Development Policy Credit with a Catastrophe Deferred Drawdown Option (Cat DDO) strengthens LCR Honduras P172567 4/10/2020 2025 / 2049 c DPF - - No - 119 87 - Honduras's institutional and financial framework to manage the risk of adverse natural events including disease outbreaks. Principal Commitment Amounts (millions)d

Urban Water Supply Strengthening Project improves the quality and efficiency of water supply services delivered by Participating Urban Water LCR Honduras P173125 6/22/2020 2025 / 2050 c IPF - - Yes - 45 33 - Providers and supports urban municipalities to respond to water supply and sanitation emergency needs.

Second Rural Economic Development Initiative Project enhances access LCR Jamaica P166279 11/14/2019 2025 / 2043 l IPF - - No 40 - - - to markets and to climate-resilient approaches for targeted beneficiaries.

Jamaica First Economic Resilience Development Policy Loan supports fiscal sustainability and Inclusion, enhances fiscal and financial resilience LCR Jamaica P170223 3/19/2020 2026 / 2044 l DPF - - No 70 - - - against natural disaster risks, and improves the investment climate for sustainable growth. Organisation of Eastern Caribbean States (OECS) Regional Health Latin America and the LCR Project improves preparedness capacities of health systems for public P168539 8/29/2019 2029 / 2059 c,g IPF - - No - 31 22 - Caribbean (Regional)14 health emergencies in the OECS region. Caribbean Regional Communications Infrastructure Program Latin America and the (Additional Financing) increases access to regional broadband networks LCR P171791 3/26/2020 2030 / 2060 c IPF Yes - No - 12 9 - Caribbean (Regional)15 and advance the development of an ICT-enabled services industry in the Caribbean Region. increases access to digital services, Latin America and the Digital Transformation Project LCR technologies and skills by governments, businesses and individuals in the P171528 6/22/2020 2030 / 2060 c,g IPF - - No - 94 68 - Caribbean (Regional)16 participating Eastern Caribbean countries.

improves Latin America and the OECS Regional Health Project (Additional Financing) LCR preparedness capacities of health systems for public health emergencies in P174096 6/26/2020 2030 / 2060 c IPF Yes - No - 10 7 - Caribbean (Regional)17 the Organisation of Eastern Caribbean States region.

Modernization of Public Financial Management Systems in Mexico LCR Mexico Project improves the coverage and timeliness of public financial information P169959 2/6/2020 2023 / 2036 l IPF - - No 110 - - - and its use by the Federal Public Administration.

Water Security and Resilience for the Valley of Mexico (PROSEGHIR) LCR Mexico improves the reliability of the Cutzamala System and strengthens the P164389 2/27/2020 2024 / 2033 l IPF - - No 120 - - - management of groundwater resources in the Valley of Mexico.

COVID-19 Financial Access Development Policy Financing contributes to LCR Mexico the government’s efforts to support liquidity in the financial sector, and P172863 5/19/2020 2025 / 2034 l DPF - - No 1,000 - - - establishes instruments for improved financial access.

COVID-19 Emergency Response prevents, detects and responds to the LCR Panama threat posed by COVID-19 and strengthens national systems for public P173881 6/11/2020 2023 / 2032 l IPF - - No 20 - - - health preparedness in the Republic of Panama.

First Economic Management Development Policy Loan improves the enabling conditions for more resilient, private sector-led growth, promotes LCR Paraguay economic growth that is more environmentally sustainable and resilient to P169505 3/19/2020 2029 / 2050 l DPF - - No 200 - - - climateinduced shocks, and increases resilience through more efficient and accountable management of public resources.

Market Access for Agricultural Products Project enhances access to LCR Paraguay markets by agricultural producer organizations and Indigenous communities P168153 3/19/2020 2028 / 2051 l IPF - - Yes 100 - - - in selected parts of the borrower’s territory.

COVID-19 Emergency Response Project strengthens the national health LCR Paraguay system for emergency preparedness and response to COVID-19 pandemic in P173805 4/2/2020 2029 / 2050 l IPF - - No 20 - - - the Republic of Paraguay.

National Urban Cadaster and Municipal Support Project improves the LCR Peru coverage of urban cadaster services in selected municipalities to enhance P162278 1/10/2020 2026 / 2029 l IPF - - No 50 - - - local government capacities for revenue generation and urban management.

Lima Metropolitano Bus Rapid Transit North Extension Project LCR Peru improves urban mobility and accessibility to jobs in the area of influence of P170595 1/30/2020 2023 / 2031 l IPF - - No 93 - - - the Metropolitano Bus Rapid Transit North Extension. Investing in Human Capital supports authorities' efforts in developing effective policies for human LCR Peru capital accumulation towards improving delivery of social protection and P170477 3/24/2020 2025 / 2031 l DPF - - No 50 - - - early childhood development services and improving teacher management and professional development systems. Principal Commitment Amounts (millions)d

Centralized Emergency Response System Project provides a more LCR Peru efficient response to emergencies, urgencies, and associated help line P170658 4/7/2020 2024 / 2028 l IPF - - No 36 - - - requests from the population of Lima Metropolitan area and Callao.

Saint Lucia Human Capital Resilience Project improves the labor market LCR St. Lucia relevance of skills in selected sectors and increases efficiency and coverage P170445 3/10/2020 2030 / 2059 c IPF - - Yes - 20 14 - of the social protection system in Saint Lucia.

Caribbean Regional Air Transport Connectivity Project improves LCR St. Lucia operational safety and navigation efficiency of air transport and enhances P170860 5/28/2020 2030 / 2060 c IPF - - No - 45 33 - resilience of Saint Lucia’s airport infrastructure to natural disasters.

Health System Strengthening Project (Additional Financing) improve the LCR St. Lucia accessibility, efficiency, and responsiveness of key health services and P174228 6/26/2020 2030 / 2060 c IPF Yes - No - 5 4 - provides a response in the event of eligible crises or emergencies.

Second Fiscal Reform and Resilience Development Policy Credit with a St. Vincent and the Cat DDO supports the GoSVG in responding to the COVID-19 pandemic to LCR P169956 6/25/2020 2030 / 2060 c DPF - - No - 40 29 - Grenadines protect the vulnerable, strengthening fiscal resilience, and enhancing climate and disaster resilience. Competitiveness and Sector Diversification Project supports sector LCR Suriname governance improvements and increase competitiveness in targeted P166187 7/9/2019 2025 / 2049 l IPF - - Yes 23 - - - industries in Suriname.

COVID-19 Emergency Response Project detects and responds to the LCR Trinidad and Tobago threat posed by COVID-19 and strengthens the national health system for the P173989 6/30/2020 2028 / 2028 l IPF - - Yes 20 - - - emergency response to the COVID-19 pandemic.

COVID-19 Emergency Response Project strengthens the detection and LCR Uruguay response capacity of the Uruguayan National Health Integrated System to P173876 5/15/2020 2024 / 2031 l IPF - - No 20 - - - the threat posed by COVID-19. COVID-19 Response & Economic Recovery supports the Government of Uruguay in mitigating the LCR Uruguay economic and social impact of the COVID-19 outbreak and laying the P172796 6/25/2020 2024 / 2032 l DPF - - No 400 - - - foundations for a strong and resilient economic recovery.

Expanding Opportunities for Learning Project increases equitable access MNA Djibouti to basic education, improves teaching practices, and strengthens the Ministry P166059 9/30/2019 2029 / 2059 c IPF - - No - 15 11 - of National Education and Vocational Training's management capacity.

COVID-19 Response prevents, detects and responds to the threat posed by MNA Djibouti P173807 4/2/2020 2030 / 2060 c IPF - - No - 5 4 - COVID-19 and strengthens national systems for public health preparedness

Development Response to Displacement Impacts Project in the Horn of Africa (Additional Financing) improves access to basic social services, MNA Djibouti expands economic opportunities, and enhances environmental management P171409 5/29/2020 2030 / 2060 c IPF Yes - No - 10 7 - for communities hosting refugees in the target areas of Djibouti, Ethiopia, and Uganda.

Economic Management and Statistics Development for Policy Making Project strengthens the capacity of the National Institute of Statistics of MNA Djibouti Djibouti to produce and disseminate timely and reliable statistics in a P171777 5/29/2020 2030 / 2060 c IPF - - Yes - 15 11 - sustainable manner and modernize the Recipient's selected economic and fiscal management tools and processes in Djibouti.

Strengthening Social Safety Net Project (Additional Financing) supports MNA Egypt, Arab Republic of Egypt in establishing an efficient and effective Takaful and Karama Cash P168414 7/2/2019 2024 / 2054 l IPF Yes - Yes 500 - - - Transfer Program. EG Inclusive Housing Finance Program-for-Results (Additional Financing) improves the affordability of formal housing for low-income MNA Egypt, Arab Republic of households in the Arab Republic of Egypt and strengthens the Social P168582 3/20/2020 2025 / 2054 l PforR Yes - No 500 - - - Housing Fund's capacity to design policies and coordinate programs in the social housing sector. COVID-19 Emergency Response strengthens the prevention, detection and MNA Egypt, Arab Republic of response to the COVID-19 P173912 5/14/2020 2025 / 2055 l IPF - - Yes 50 - - - pandemic in Egypt.

Supporting Egypt’s Universal Health Insurance System increases the coverage of Egypt’s Universal Health Insurance System in Phase I MNA Egypt, Arab Republic of Governorates, strengthens UHIS-related governance and institutions, and P172426 6/16/2020 2025 / 2055 l IPF - - No 400 - - - provides temporary financial protection against high out of pocket health expenditures for vulnerable populations outside Phase I Governorates.

COVID-19 Emergency Response Project improves the availability of MNA Iran, Islamic Republic of P173994 5/26/2020 2024 / 2031 l IPF - - No 50 - - - selected essential, life-saving medical equipment for COVID-19 response. Principal Commitment Amounts (millions)d

Jordan Youth, Technology, and Jobs Project improves digitally-enabled MNA Jordan P170669 3/20/2020 2024 / 2054 l IPF - - No 163 - - - income opportunities and expands digitized government services in Jordan.

COVID-19 Emergency Response prevents, detects and responds to the MNA Jordan threat posed by COVID-19 and P173972 4/28/2020 2024 / 2054 l IPF - - No 20 - - - strengthens the national health system for public health preparedness.

Economic Opportunities for Jordanians and Syrian Refugees Program- MNA Jordan for-Results (Additional Financing) improves Economic Opportunities for P171172 6/10/2020 2026 / 2058 c PforR Yes - Yes - 100 72 - Jordanians and Syrian refugees in Jordan.

Emergency Cash Transfer COVID-19 Response Project provides cash MNA Jordan support to poor and vulnerable households affected by the COVID-19 P173974 6/25/2020 2025 / 2055 l IPF - - Yes 350 - - - pandemic in Jordan. Education Reform Support Program-for-Results (Additional Financing) expands access to early childhood education and improves student MNA Jordan P173091 6/29/2020 2025 / 2055 l PforR Yes - Yes 81 - - - assessment and teaching and learning conditions for Jordanian children and Syrian refugee children.

Municipal Performance Program-for-Results improves the institutional MNA Morocco P168147 11/7/2019 2025 / 2044 l PforR - - No 300 - - - and service delivery performance of participating municipalities.

Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Drawdown Option supports the government in MNA Morocco strengthening the country’s institutional capacity to deal with the adverse P168580 12/11/2019 2024 / 2044 l DPF - - No 275 - - - financial impacts of disasters and climate-related shocks and Morocco's institutional framework for disaster and climate-related risk management.

Improving Primary Health in Rural Areas and Responding to COVID-19 MNA Morocco Pandemic Emergency Program-for-Results (Additional Financing) P173944 6/16/2020 2025 / 2044 l PforR Yes - No 35 - - - expands access to primary health care in targeted rural areas.

First Financial and Digital Inclusion Development Policy Financing improves financial inclusion, digital entrepreneurship and access to digital MNA Morocco P171587 6/22/2020 2026 / 2044 l DPF - - No 500 - - - infrastructure and services for individuals and businesses and strengthens resilience of households and firms. COVID-19 Response project improves COVID-19 detection and infection MNA Tunisia control in Tunisia through increasing the availability of COVID-19 equipment P173945 4/30/2020 2023 / 2034 l IPF - - No 20 - - - and supplies. First Resilience and Recovery Emergency Development Policy Financing supports the Government of Tunisia effectively respond to the MNA Tunisia COVID-19 crisis by strengthening resilience and inclusion, enabling private P173324 6/12/2020 2028 / 2055 l DPF - - No 175 - - - sector recovery, and improving transparency and performance in the SOE sector. Real Estate Registration Project enhances tenure security and improve MNA West Bank and Gaza P168576 7/22/2019 N/A g IPF - - No - - - 5 real estate registration services.

Improving Early Childhood Development Project improves the coverage MNA West Bank and Gaza and quality of targeted early childhood development services for children P168295 12/18/2019 N/A g IPF - Yes No - - - 9 from gestation until age 5 in the West Bank and Gaza.

Water Security Development - Gaza Central Desalination Program – Associated Works Project (Phase I) improves the quality and quantity of MNA West Bank and Gaza P168739 2/10/2020 N/A g IPF - Yes No - - - 15 bulk water supplied to the municipalities served in the project area and strengthens the capacity of the Palestinian Water Authority.

COVID-19 Emergency Response Project prevents, detects, and supports the immediate response to the threat posed by the COVID-19 pandemic and MNA West Bank and Gaza P173800 4/2/2020 N/A g IPF - Yes No - - - 5 strengthens the West Bank and Gaza health system for public health preparedness.

Advancing Sustainability in Performance, Infrastructure, and Reliability of the Energy Sector in the West Bank and Gaza Project improves MNA West Bank and Gaza P170928 4/27/2020 N/A g IPF - Yes No - - - 14 operational and financial performance of electricity sector institutions and diversification of energy sources in the West Bank and Gaza.

Strengthening Fiscal Stability and Financial Integrity Development Policy Financing strengthens commitment control in line ministries, MNA West Bank and Gaza improves overall public procurement practice, improves sector governance P171819 5/8/2020 N/A g DPF - Yes No - - - 30 in water and health service provision, and strengthens the stability and integrity of the financial sector.

Wastewater Management Sustainability Project supports the continuation MNA West Bank and Gaza of wastewater treatment services in North Gaza and strengthens the capacity P172578 6/10/2020 N/A g IPF - Yes No - - - 10 of the water institutions to efficiently manage wastewater services. Principal Commitment Amounts (millions)d

Special Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Region Country Project Name and Development Objectives Project ID e Financing Approval a Type Instrument Financing b c (US$) (US$) Maturity Date Financing Involvement (SDR ) Grant (US$) Technology for Youth and Jobs Project increases economic opportunities MNA West Bank and Gaza P172571 6/12/2020 N/A g IPF - Yes No - - - 15 for IT service firms in the West Bank and Gaza. COVID-19 Response Project prevents, detects and responds to the threat MNA Yemen, Republic of P173862 4/2/2020 N/A g IPF - - No - 27 20 - posed by the COVID-19 pandemic. Desert Locust Response Project controls the desert locust outbreak, MNA Yemen, Republic of supports livelihoods in locust-affected areas and strengthens Yemen’s P174170 6/17/2020 N/A g IPF - - No - 25 18 - preparedness for future locust infestations. COVID-19 Strategic Preparedness and Response Program prevents, OTH World detects and responds to the threat posed by COVID-19 and strengthens P173789 4/2/2020 N/A N/A IPF - - No - - - - national systems for public health preparedness. Mazar-e-Sharif Gas-to-Power Project increases the amount of reliable SAR Afghanistan indigenous electricity generated and mobilizes private capital for P157827 10/10/2019 N/A gu IPF - - No - 12 - - Afghanistan. Sheberghan Gas-to-Power Project increases the amount of electricity SAR Afghanistan generated in Afghanistan and leverages private financing for the country’s P166405 10/10/2019 N/A gu IPF - - No - 13 - - energy sector.

Gas Project facilitates a sustainable supply of gas through targeted SAR Afghanistan P172109 11/26/2019 N/A g IPF - - Yes - 53 39 - investments in gas infrastructure and enhanced gas sector governance.

COVID-19 Emergency Response and Health Systems Preparedness SAR Afghanistan Project responds to, and mitigates the threat posed by COVID-19 and P173775 4/2/2020 N/A g IPF - - No - 100 73 - strengthens national systems for public health preparedness in Afghanistan.

2020 Incentive Program Development Policy Grant strengthens the policy framework to support state effectiveness, private investment, and social SAR Afghanistan P172211 5/7/2020 N/A g DPF - - No - 160 117 - inclusion; and improves the policy and institutional framework for public financial management and fiscal sustainability.

Municipal Water Supply and Sanitation Project increases access to improved water supply and sanitation services in selected municipalities and SAR Bangladesh P161227 7/11/2019 2024 / 2049 c IPF - - No - 100 72 - strengthens the municipalities’ institutional capacities for delivering water and sanitation services. Dhaka Sanitation Improvement Project increases access to safely SAR Bangladesh managed sanitation services in select areas of Dhaka City and improves P161432 3/20/2020 2024 / 2054 c IPF - - Yes - 170 123 - DWASA’s efficiency in sanitation service delivery. Safety Net Systems for the Poorest (Additional Financing) improves the SAR Bangladesh equity, efficiency and transparency of major Safety Net Programs to benefit P171086 3/31/2020 N/A g IPF Yes - No - 100 73 - the poorest households.

Health and Gender Support Project for Cox’s Bazar district improves the SAR Bangladesh access to and utilization of HNP and GBV response services among the host P171648 3/31/2020 N/A g IPF - - Yes - 150 109 - and the displaced Rohingya population in Cox’s Bazar district.

Emergency Multi-Sector Rohingya Crisis Response Project (Additional Financing) strengthens the Government of Bangladesh systems to improve SAR Bangladesh P171779 3/31/2020 N/A g IPF Yes - Yes - 100 73 - access to basic services and build disaster and social resilience of the displaced Rohingya population.

COVID-19 Emergency Response and Pandemic Preparedness Project SAR Bangladesh prevents, detects and responds to the threat posed by COVID-19 and P173757 4/3/2020 2025 / 2050 c IPF - - No - 100 73 - strengthens national systems for public health preparedness.

Enhancing Digital Government & Economy Project improves the efficiency and cybersecurity of digital government, and increases digitally SAR Bangladesh P161086 6/19/2020 2024 / 2054 c IPF - - No - 295 221 - enabled employment and raises revenues of IT industry firms supported by the Project. Second Programmatic Jobs Development Policy Credit supports the Government of Bangladesh's program of reforms to address the country’s jobs challenges by modernizing the trade and investment environment; SAR Bangladesh P168724 6/19/2020 2025 / 2050 c DPF - - No - 250 183 - strengthening systems that protect workers and build resilience; and improving policies and programs that enhance access to jobs for vulnerable populations.

Private Investment & Digital Entrepreneurship Project promotes private SAR Bangladesh investment, job creation, and environmental sustainability in participating P170688 6/19/2020 2024 / 2054 c IPF - - No - 500 374 - economic zones and software technology parks in Bangladesh.

Western Economic Corridor and Regional Enhancement Program provides efficient, safe, and resilient connectivity along a Section of a SAR Bangladesh P169880 6/23/2020 2024 / 2054 c IPF - - No - 500 376 - regional transport corridor in western Bangladesh and reduces post-harvest losses in the hinterland of the Section. ‐ COVID-19 Emergency Response and Health Systems Preparedness SAR Bhutan Project prevents, detects and responds to the threat posed by COVID 19 P173787 4/17/2020 2030 / 2060 c IPF - - No - 5 4 - and strengthens national systems for public health preparedness in Bhutan. Principal Commitment Amounts (millions)d

Strengthening Fiscal Management and Private Sector Employment Opportunities Development Policy Credit supports the government in its SAR Bhutan P171780 4/23/2020 2030 / 2060 c DPF - - No - 40 29 - efforts to strengthen the policy framework to improve fiscal management and enhance policies to promote private sector employment opportunities.

Development Policy Financing with Catastrophe Deferred Drawdown Option supports the Royal Government of Bhutan in enhancing its technical SAR Bhutan P173008 5/12/2020 2030 / 2060 c DPF - - No - 15 11 - and institutional capacity to manage the risk of climate change and natural disasters including disease outbreaks.

Odisha Integrated Irrigation Project for Climate-Resilient Agriculture SAR India intensifies and diversifies agricultural production and enhances climate P163533 9/30/2019 2026 / 2033 l IPF - - No 165 - - - resilience in selected districts of Odisha.

West Bengal Major Irrigation and Flood Management Project improves SAR India irrigation service delivery, strengthens flood risk management, and improves P162679 12/10/2019 2026 / 2043 l IPF - - No 145 - - - climate change resilience in the project area.

Assam Inland Water Transport Project improves passenger ferry SAR India infrastructure and service and the institutional capacity and framework for P157929 12/13/2019 2025 / 2034 l IPF - - No 88 - - - inland water transport in Assam. State of Maharashtra's Agribusiness and Rural Transformation Project supports the development of inclusive and competitive agriculture value SAR India P168310 12/17/2019 2026 / 2033 l IPF - - No 210 - - - chains, focusing on smallholder farmers and agri-entrepreneurs in Maharashtra. Integrated Project for Source Sustainability and Climate Resilient Rain- fed Agriculture in Himachal Pradesh improves upstream watershed SAR India P165129 2/18/2020 2025 / 2034 l IPF - - No 80 - - - management and increases agricultural water productivity in selected Gram Panchayats in Himachal Pradesh.

National Program for Improving the Quality of Statistics in India SAR India improves the quality, efficiency, and user relevance of statistics produced by P169497 3/11/2020 2025 / 2034 l IPF - - Yes 30 - - - the India Ministry of Statistics and Programme Implementation.

Himachal Pradesh State Roads Transformation Project enhances the SAR India efficiency of the transportation and road safety institutions and improves P163328 3/27/2020 2025 / 2034 l IPF - - No 82 - - - selected roads in Himachal Pradesh.

Green National Highways Corridor Project demonstrates safe and green National Highway corridors in selected States and enhances the institutional SAR India P167350 3/27/2020 2025 / 2038 l IPF - - No 500 - - - capacity of the Ministry of Road Transport and Highways in mainstreaming safety and green technologies.

COVID-19 Emergency Response and Health Systems Preparedness SAR India Project prevents, detects and responds to the threat posed by COVID-19 P173836 4/2/2020 2025 / 2038 l IPF - - Yes 1,000 - - - and strengthens national health systems for preparedness in India.

Enhancing Coastal and Ocean Resource Efficiency strengthens SAR India integrated coastal zone management in selected States and Union P167804 4/28/2020 2026 / 2034 l IPF - - No 180 - - - Territories.

Accelerating India's COVID-19 Social Protection Response Program strengthens the capability of state and national governments in India to SAR India P173943 5/14/2020 2025/2038 c,l DPF - - No 200 550 404 - provide coordinated and adequate social protection to the poor and vulnerable from the impacts of the COVID-19 pandemic.

Tamil Nadu Housing and Habitat Development Project strengthens the SAR India housing sector institutions of Tamil Nadu for increased and sustainable P168590 5/18/2020 2024 / 2040 l IPF - - No 50 - - - access to affordable housing.

First Tamil Nadu Housing Sector Strengthening Program Development Policy Loan supports the Government of Tamil Nadu to increase the access SAR India P172732 5/18/2020 2024 / 2040 l DPF - - No 200 - - - to affordable housing by strengthening policy, institutions, and regulations of the housing sector.

Strengthening Teaching-Learning and Results for States improves the SAR India quality and governance of school P166868 6/24/2020 2026 / 2037 l PforR - - Yes 500 - - - education in selected states. Second National Ganga River Basin Guarantee reduces point-source pollution from targeted Urban Areas of the Ganga river basin and supports SAR India P174312 6/25/2020 N/A gu IPF - - - 19 - - - the Central Ministry to strengthen the institutional framework for Ganga river basin management. Second National Ganga River Basin Project reduces point-source pollution from targeted Urban Areas of the Ganga river basin and supports SAR India P169111 6/25/2020 2025 / 2038 l IPF - - No 381 - - - the Central Ministry to strengthen the institutional framework for Ganga river basin management. Principal Commitment Amounts (millions)d

Micro, Small and Medium Enterprises Emergency Response supports the Government of India in preserving flows of finance to MSMEs through SAR India P174292 6/30/2020 2025 / 2039 l DPF - - No 750 - - - the COVID-19 crisis and lays the foundations for a stronger MSME financing ecosystem in the recovery phase.

First Fiscal Sustainability and Budget Credibility Development Policy Financing supports the government's efforts to improve the policy SAR Maldives P163966 7/1/2019 2029 / 2059 c,g DPF - - No - 20 15 - framework to enhance sustainability of the public finances and strengthen the policy framework to increase credibility of the budget.

Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facility enhances the SAR Maldives P163939 7/1/2019 2029 / 2059 c,g DPF - - No - 10 7 - Maldives' financial capacity to effectively manage the human, physical, and fiscal impact of climate change, natural disasters, and disease outbreaks.

Maldives Urban Development and Resilience Project enhances resilient infrastructure and urban planning in selected cities in Maldives and SAR Maldives P163957 2/27/2020 2030 / 2060 c,g IPF - - No - 17 12 - strengthens the Government’s capacity to provide effective response to disasters.

COVID-19 Emergency Response and Health Systems Preparedness SAR Maldives Project responds to and mitigates the threat posed by COVID-19 and P173801 4/2/2020 2030 / 2060 c,g IPF - - No - 7 5 - strengthens national systems for public health preparedness in Maldives.

COVID-19 Emergency Income Support Project mitigates the economic SAR Maldives impact of the COVID-19 crisis on workers and their families, and increases P174014 6/9/2020 2030 / 2060 c,g IPF - - No - 13 9 - the capacity of social protection programs to respond to future emergencies.

Youth Employment Transformation Initiative Project improve SAR Nepal P160696 9/2/2019 2026 / 2057 c IPF - - No - 120 86 - employment services and labor market outcomes, especially for youth.

Earthquake Housing Reconstruction Project (Second Additional Financing) restores affected houses with multihazard-resistant core housing SAR Nepal ‐ P170565 1/14/2020 2026 / 2057 IPF Yes - No - 200 145 - units in target areas and enhances the government's ability to improve long term disaster resilience. Development Policy Financing with Catastrophe Deferred Drawdown Option supports the government in enhancing its technical and institutional SAR Nepal P166788 3/10/2020 2026 / 2057 c DPF - - No - 50 36 - capacity to manage the risk of climate change and natural disasters including disease outbreaks.

COVID-19 Emergency Response and Health Systems Preparedness SAR Nepal Project prevents, detects and responds to the threat posed by COVID-19 P173760 4/3/2020 2026 / 2058 c IPF - - No - 29 21 - and strengthens national systems for public health preparedness in Nepal.

Second Programmatic Energy Sector Development Policy Credit aims to SAR Nepal to support the government’s efforts to improve the financial viability and P170248 6/2/2020 2026 / 2058 c DPF - - No - 100 73 - governance of the electricity sector.

Strategic Road Connectivity and Trade Improvement Project improves the efficiency and safety of select transport infrastructure, improves the SAR Nepal P170409 6/10/2020 2026 / 2058 c IPF - - No - 450 333 - efficiency of cross-border trade, and strengthens capacity for Strategic Road Network management in Nepal.

Balochistan Livelihoods and Entrepreneurship Project creates SAR Pakistan employment opportunities for rural communities and achieves sustainability P159292 3/3/2020 2025 / 2050 c,g IPF - - No - 35 25 - of enterprises in selected districts of Balochistan.

Punjab Human Capital Investment Project increases the utilization of SAR Pakistan quality health services, and economic and social inclusion programs, among P164785 3/3/2020 2025 / 2050 c IPF - - No - 200 146 - poor and vulnerable households in select districts in Punjab.

Strengthening Institutions for Refugee Administration Project improves SAR Pakistan organizational and institutional capacity for managing refugees and host P165542 3/3/2020 2025 / 2050 c,g IPF - - No - 50 36 - communities in Pakistan. Dasu Hydropower Stage I Project (Additional Financing) facilitates the expansion of electricity supply of hydro-power in Pakistan. The Project SAR Pakistan improves access to socio-economic services for local communities in the P167843 3/31/2020 2025 / 2045 l IPF Yes - No 700 - - - project area and builds WAPDA’s capacity to prepare future hydropower projects. COVID-19 Emergency Response and Effectiveness Project prepares and SAR Pakistan responds to the COVID-19 pandemic in Pakistan and strengthens national P173796 4/2/2020 2025 / 2050 c IPF - - Yes - 200 146 - systems for public health preparedness. Principal Commitment Amounts (millions)d

Securing Human Investments to Foster Transformation DPC Series strengthens Civil Registration and Vital Statistics, health and education SAR Pakistan systems essential for Human Capital accumulation; recognizes the P170568 5/21/2020 2025 / 2050 c DPF - - No - 500 366 - contribution of women to economic productivity; and improves national safety nets to respond to shocks in a more efficient manner.

Balochistan Human Capital Investment Project improves utilization of SAR Pakistan quality health and education services in selected refugee hosting districts of P166308 6/23/2020 2025 / 2050 c,g IPF - - No - 36 26 - Balochistan.

Khyber Pakhtunkhwa Human Capital Investment Project improves SAR Pakistan availability, utilization, and quality of primary healthcare services and P166309 6/23/2020 2025 / 2050 c,g IPF - - Yes - 200 147 - elementary education services in Selected Districts of Khyber Pakhtunkhwa.

Resilient Institutions for Sustainable Economy enhances the policy and SAR Pakistan institutional framework to improve fiscal management and improves the P171850 6/29/2020 2025 / 2050 c,l DPF - - No 250 250 182 - regulatory framework to foster growth and competitiveness.

Climate Adaptation and Resilience for South Asia contributes to an SAR South Asia (Regional)18 enabling environment for climate-resilient policies and investments in select P171054 5/12/2020 N/A g IPF - - No - 36 26 - sectors and countries in South Asia. Plastic free Rivers and Seas for South Asia Project strengthens SAR South Asia (Regional)19 innovation and coordination of circular economy solutions to plastic pollution P171269 5/29/2020 N/A g IPF - - Yes - 37 27 - flowing into South Asian Seas. COVID-19 Emergency Response and Health Systems Preparedness Project prevents, detects and responds to the threat posed by COVID-19 SAR Sri Lanka P173867 4/2/2020 2025 / 2049 c,l IPF - - No 35 94 69 - and strengthens national systems for public health preparedness in Sri Lanka. Integrated Watershed and Water Resources Management Project SAR Sri Lanka improves watershed and water resources planning and enhances P166865 5/18/2020 2025 / 2050 c IPF - - No - 70 51 - functionality of water resources infrastructure. Kandy Multimodal Transport Terminal Development Project enhances SAR Sri Lanka accessibility, efficiency, and safety for public transport users of the Kandy P172342 5/18/2020 2025 / 2050 c IPF - - No - 69 51 - Multimodal Transport Terminal.

COVID-19 Emergency Response and Health Systems Preparedness Project (Additional Financing) prevents, detects, and responds to the SAR Sri Lanka P174291 6/22/2020 2025 / 2050 c IPF Yes - No - 87 63 - threat posed by COVID-19 and strengthens national systems for public health preparedness in Sri Lanka.

Notes: Numbers may not add to totals because of rounding. AFR = Africa; c = IDA credit; DPF = Development Policy Financing; EAP = East Asia and Pacific; ECA = Europe and Central Asia; g = IDA grant; gu = IBRD or IDA guarantee; l = IBRD loan; IPF = Investment Project Financing; LCR = Latin America and the Caribbean; MNA = Middle East and North Africa; PforR = Program-for-Results; SAR = South Asia; - = not applicable. For more detailed information, see worldbank.org/projects. a. Maturity dates are the earliest and latest repayment dates for the corresponding lending instruments committed for an operation. b. Financing provided by trust funds administered by the World Bank. c. Civil society involvement includes those projects that clearly note within their project documents either the involvement of civil society organizations (CSO), per the World Bank's definition of CSOs, available at www.worldbank.org/en/about/partners/civil-society#2, during the project’s preparation, or describe the intention to involve such actors during the project’s implementation. This classification is separate and unrelated to the goals of the World Bank Group’s Strategic Framework for Mainstreaming Citizen Engagement. - indicates insufficient data. d. Principal amounts show the combined totals for the loans, credits, grants, or guarantees committed for an operation, unless otherwise indicated. e. IDA funds are denominated in Special Drawing Rights (SDRs), which are valued on the basis of a "basket" of currencies. The U.S. dollar equivalent of the SDR amount reflects the exchange rates in effect at the time of the negotiations of the credit or grant.

1. Includes a grant to the Republic of Mozambique and a credit to the Republic of Malawi. 2. Includes a loan to the Republic of Angola and grants to the Republic of Chad, the Central African Republic, the Democratic Republic of Congo, and the Economic Community of Central African States, and credits to the Democratic Republic of Congo and the Republic of Congo. 3. Includes credits to the Republic of Benin, the Republic of Niger, the Federal Republic of Nigeria, and the Republic of Togo, and grants to the Republic of Benin, the Republic of The Gambia, the Republic of Niger, the Republic of Togo, and the Association of African Universities. 4. Includes credits to the Republic of Zambia and the Federal Democratic Republic of Ethiopia and grants to the Federal Democratic Republic of Ethiopia and the African Union. 5. Includes grants to Burkina Faso, the Republic of Liberia, the Republic of Sierra Leone, the Republic of Togo, the African Union, and the Economic Community of West African States (ECOWAS), and credits to Burkina Faso, the Republic of Capo Verde, the Republic of Côte d'Ivoire, the Republic of Ghana, the Republic of Liberia, and the Republic of Togo. 6. Includes credits and grants to the Togolese Republic, the Republic of Benin, Burkina Faso, and the Republic of Niger. 7. Includes credits to the Republic of Djibouti, the Federal Republic of Ethiopia, the Republic of Kenya, and the Republic of Uganda, and a grant to the Federal Republic of Ethiopia. 8. Includes credits to the Republic of Cameroon and the Republic of Niger, and grants to the Republic of Niger, the Republic of Chad, and the Lake Chad Basin Commission. 9. Includes credits to the Republic of Cameroon, the Republic of Cote d'Ivoire, the Republic of Guinea, and the Republic of Mali, and grants to Republic of Chad, the Republic of Guinea, the Republic of Mali, the Islamic Republic of Mauritania, the Economic Community of West African States, and the African Union. 10. Includes a credit to the Republic of Cameroon and a grant to the Republic of Chad. 11. Includes a credit to Lesotho and grants to the Republic of Malawi, the East, Central, and Southern Africa Health Community (ECSA-HC), and the African Union. 12. Includes a credit to the Eastern and Southern African Trade and Development Bank and a grant to the Common Market for Eastern and Southern Africa. 13. Includes a grant to the Pacific Community. 14. Includes credits to the Commonwealth of Dominica, Grenada, Saint Lucia, Saint Vincent and the Grenadines and grants to the Caribbean Public Health Agency and the Organisation of Eastern Caribbean States 15. Includes credits to Grenada, Saint Lucia, and St. Vincent and the Grenadines. 16. Includes credits to the Commonwealth of Dominica, Grenada, St. Lucia, and St. Vincent and the Grenadines, and a grant to the Organisation of Eastern Caribbean States. 17. Includes credits to the Commonwealth of Dominica, Grenada, and St. Vincent and the Grenadines. 18. Includes grants to the Asian Disaster Preparedness Center and the Regional Integrated Multi-Hazard Early Warning System for Africa and Asia. 19. Includes a grant to the South Asia Cooperative Environment Program.

Annual Report 2020

Poverty Estimates and Income by Region

Regional Poverty Estimates | 1981–2018

Population living below $1.90 a day (millions, 2011 PPP) Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013 2015 2018 East Asia and Pacific 1,113 1,018 904 985 900 711 693 550 357 296 219 168 143 72 47 28 Europe and Central Asia 24 33 37 28 23 13 12 10 9 8 8 6 Latin America and the Caribbean 50 66 57 66 66 67 70 63 55 40 36 34 28 26 25 28 Middle East and North Africa 17 17 14 17 16 10 10 9 9 7 8 8 8 14 28 South Asia 515 525 531 537 543 519 556 510 469 404 332 305 275 Sub-Saharan Africa 280 330 354 379 388 386 395 405 403 403 405 420

Total six regions 1,901 1,866 1,771 1,895 1,880 1,700 1,723 1,595 1,341 1,221 1,083 955 897 795 729 Other High Income Countries 5 5 5 4 5 5 5 5 5 5 5 6 6 7 8 7 World 1,906 1,872 1,776 1,899 1,885 1,706 1,728 1,600 1,346 1,226 1,088 961 903 802 737

Population living below $1.90 a day (% of population, 2011 PPP) Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013 2015 2018 East Asia and Pacific 80.5 70.1 59.2 61.3 53.7 40.9 38.5 29.7 18.8 15.3 11.2 8.5 7.2 3.6 2.3 1.3 Europe and Central Asia 5.1 7.0 7.8 6.0 4.9 2.8 2.5 2.1 2.0 1.7 1.6 1.2 Latin America and the Caribbean 13.8 16.8 13.8 15.2 14.2 13.9 13.7 11.9 9.9 6.9 6.2 5.7 4.7 4.3 4.1 4.4 Middle East and North Africa 9.0 8.1 6.1 7.0 6.2 3.8 3.4 3.1 2.7 2.0 2.4 2.4 2.4 3.8 7.2 South Asia 55.9 53.1 50.1 47.4 44.9 40.3 38.5 33.6 29.4 24.6 20.0 18.1 16.1 Sub-Saharan Africa 54.9 59.7 59.0 58.4 55.4 50.9 47.9 46.6 45.2 44.1 43.1 42.3

Total six regions 52.0 48.0 43.0 43.3 40.7 35.1 34.0 30.2 24.4 21.3 18.4 16.1 14.9 13.0 11.7 Other High Income Countries 0.6 0.6 0.6 0.5 0.5 0.6 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 World 42.3 39.4 35.5 36.0 34.0 29.5 28.6 25.5 20.7 18.1 15.7 13.7 12.8 11.2 10.0

Population living below $3.20 a day (millions, 2011 PPP) Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013 2015 2018 East Asia and Pacific 1,293 1,320 1,321 1,368 1,333 1,226 1,205 1,057 855 729 600 522 469 350 254 159 Europe and Central Asia 72 86 100 71 55 35 34 32 31 28 27 22 Latin America and the Caribbean 100 125 115 129 132 135 138 132 118 90 83 77 72 68 66 66 Middle East and North Africa 61 64 61 72 75 59 59 58 54 46 46 46 46 55 77 South Asia 789 834 880 926 972 995 1,090 1,084 1,081 1,048 980 952 919 Sub-Saharan Africa 436 470 510 544 569 595 620 629 636 647 676

Total six regions 2,563 2,701 2,767 2,914 3,018 2,986 3,049 2,953 2,740 2,584 2,430 2,287 2,204 2,059 1,926 Other High Income Countries 11 10 9 7 8 8 8 8 7 8 8 8 9 9 10 9 World 2,574 2,711 2,776 2,920 3,026 2,994 3,057 2,960 2,747 2,592 2,437 2,295 2,213 2,068 1,937

Population living below $3.20 a day (% of population, 2011 PPP) Low and middle-income country groups 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2010 2011 2012 2013 2015 2018 East Asia and Pacific 93.6 90.9 86.5 85.2 79.6 70.5 67.0 57.1 45.1 37.6 30.5 26.4 23.5 17.4 12.5 7.6 Europe and Central Asia 15.4 18.3 21.2 15.2 11.8 7.5 7.0 6.7 6.4 5.9 5.6 4.5 Latin America and the Caribbean 27.5 32.1 27.8 29.4 28.5 27.7 27.1 24.9 21.3 15.7 14.1 13.0 12.0 11.3 10.7 10.4 Middle East and North Africa 32.2 30.9 26.6 29.3 28.7 21.5 20.2 18.8 16.7 13.8 13.5 13.1 13.0 15.1 19.8 South Asia 85.6 84.3 83.0 81.7 80.4 77.2 75.5 71.4 67.9 63.9 59.0 56.5 53.9 Sub-Saharan Africa 78.9 78.5 78.7 77.6 75.0 72.4 71.3 70.4 69.5 68.9 68.1

Total six regions 70.1 69.5 67.1 66.5 65.4 61.7 60.2 55.9 49.8 45.2 41.4 38.5 36.6 33.8 30.8 Other High Income Countries 1.3 1.1 1.0 0.7 0.9 0.8 0.8 0.8 0.7 0.7 0.7 0.8 0.8 0.9 0.9 0.8 World 57.1 57.1 55.5 55.3 54.6 51.7 50.7 47.2 42.2 38.4 35.2 32.8 31.2 28.9 26.4

Source: PovCalNet, World Development Indicators, and World Bank Poverty and Equity databases. For data updates visit data.worldbank.org. Note: PPP = purchasing power parity. For details on regional groupings, see http://iresearch.worldbank.org/PovcalNet/data.aspx. Data are current as of March 2020. Gross Domestic Product per Capita Index | 2005–19

Africa East Asia and Pacific

300 300 263

250 250

200 200

150 119 150 100 100 100 100

50 50 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Europe and Central Asia Latin America and the Caribbean

300 300

250 250

200 200 146 150 150 119 100 100 100 100

50 50 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Middle East & North Africa South Asia

300 300

250 250 197 200 200

150 150 120 100 100 100 100

50 50 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: World Development Indicators database

Annual Report 2020

Organizational Information Governors and Alternates of the World Bank | June 30, 2020

Member Country Governor Alternate

Afghanistan Abdul Hadi Arghandiwal Abul Habib Zadran

Albania Anila Denaj Luljeta Minxhozi

Algeria Abderrahmane Raouya Abdelhak Bedjaoui

Angola Vera Daves de Sousa Sergio de Sousa Mendes dos Santos

Antigua and Barbuda ª Gaston Browne Lennox Weston

Argentina Gustavo Osvaldo Beliz Christian Gonzalo Asinelli

Armenia Atom Janjughazyan Armen Hayrapetyan

Australia Josh Frydenberg Michael Sukkar

Austria Gernot Blümel Harald Waiglein

Azerbaijan Elman Siradjogly Rustamov Shahin Mustafayev

Bahamas, The Peter Turnquest Marlon Johnson

Bahrain ª Salman bin Khalifa Alkhalifa Yusuf Abdulla Humood

Bangladesh A. H. M. Mustafa Kamal Fatima Yasmin

Barbados Mia Amor Mottley Ian Carrington

Belarus ª Dmitry Krutoy Dmitry Yaroshevich

Belgium Alexander De Croo VACANT

Belize Dean O. Barrow Yvonne Sharman Hyde

Benin Abdoulaye Bio Tchane Romuald Wadagni

Bhutan Namgay Tshering Nim Dorji

Bolivia Carlos Melchor Diaz Villavicencio Jose Luis Parada Rivero

Bosnia and Herzegovina Bisera Turković Jelka Miličević

Botswana Thapelo Matsheka Wilfred J. Mandlebe

Brazil Paulo Guedes Roberto de Oliveira Campos Neto

Brunei Darussalam ª H.M. Sultan Haji Hassanal Bolkiah Mohd Amin Liew Abdullah

Bulgaria ª Vladislav Goranov Radoslav Milenkov

Burkina Faso Lassane Kabore Inoussa Ouiminga

Burundi Domitien Ndihokubwayo VACANT

Cabo Verde Olavo Correia Carla Cruz Member Country Governor Alternate

Cambodia Pornmoniroth Aun Vissoth Vongsey

Cameroon Alamine Ousmane Mey Richard Evina Obam

Canada Bill Morneau VACANT

Central African Republic Felix Moloua Steve Laurent Apete-Matongo

Chad Issa Doubragne Tahir Hamid Nguilin

Chile Ignacio Briones Rojas Rodrigo Andres Cerda Norambuena

China Kun Liu Jiayi Zou

Colombia Alberto Carrasquilla-Barrera Luis Alberto Rodriguez-Ospina

Comoros Said Ali Said Chayhane Fouady Goulame

Congo, Democratic Republic of Jose Sele Yalaghuli Déogracias Mutombo Mwana Nyembo

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

Costa Rica Elian Villegas Valverde Rodrigo Cubero Brealey

Cote d'Ivoire Amadou Gon Coulibaly Moussa Sanogo

Croatia Zdravko Maric Stipe Zupan

Cyprus Constantinos Petrides George Panteli

Czech Republic Alena Schillerova Lenka Dupakova

Denmark Rasmus Prehn Trine Rask Thygesen

Djibouti Ilyas Moussa Dawaleh Mariam Hamadou Ali

Dominica Roosevelt Skerrit Denise Edwards

Dominican Republic Juan Ariel Jiménez Nuñez Donald Guerrero

Ecuador Richard Iván Martinez Alvarado Veronica Elizabeth Artola Jarrin

Egypt, Arab Republic of Rania Al-Mashat Randa El-Minshawi

El Salvador Nelson Fuentes Nicolas Alfredo Martínez Quinteros

Equatorial Guinea Montserrat Afang Ondo Valentin Ela Maye

Eritrea Berhane Habtemariam Martha Woldegiorghis

Estonia Martin Helme Marten Ross

Eswatini Thambo E. Gina Bheki Sibonangaye Bhembe

Ethiopia Ahmed Shide Ato Admasu Nebebe

Fiji Aiyaz Sayed-Khaiyum Makereta Konrote Member Country Governor Alternate

Finland Matti Vanhanen Ville Skinnari

France Bruno Le Maire Odile Renaud-Basso

Gabon Jean-Marie Ogandaga VACANT

Gambia, The Mambury Njie Buah Saidy

Georgia Ivane Matchavariani VACANT

Germany Gerd Mueller Wolfgang Schmidt

Ghana Kenneth Ofori-Atta Charles Adu Boahen

Greece Adonis-Spyridon Georgiadis Ioannis Tsakiris

Grenada Keith C. Mitchell Ophelia Wells-Cornwall

Guatemala Alvaro Gonzáles Ricci Sergio Francisco Recinos Rivera

Guinea Kanny Diallo Ismaël Dioubaté

Guinea-Bissau Victor Luis Pinto Fernandes Mandinga Jose Carlos Varela Casimiro

Guyana Winston Jordan VACANT

Haiti Michel Patrick Boisvert Jean Baden Dubois

Honduras Rocio Izabel Tabora Wilfredo Cerrato Rodriguez

Hungary Mihaly Varga Gábor Gion

Iceland Gudlaugur Thór Thórdarson Bjarni Benediktsson

India Nirmala Sitharaman Tarun Bajaj

Indonesia Sri Mulyani Indrawati Suharso Monoarfa

Iran, Islamic Republic of Farhad Dejpasand Seyed Alimohammad Mousavi

Iraq Ali Allawi Kadhim Mohammed Jawad Al-Hasani

Ireland Paschal Donohoe Derek Moran

Israel Moshe Kahlon Shira Greenberg

Italy Ignazio Visco Gelsomina Vigliotti

Jamaica ª Nigel Clarke Darlene Morrison

Japan Taro Aso Haruhiko Kuroda

Jordan Wissam A. Rabadi Zeina Toukan

Kazakhstan Ruslan Dalenov VACANT

Kenya Ukur Yatani Kanacho Julius Monzi Muia Member Country Governor Alternate

Kiribati Teuea Toatu Benjamin Tokataake

Korea, Republic of Nam-Ki Hong Juyeol Lee

Kosovo Hykmete Bajrami VACANT

Kuwait Barrak A. B. Al-Sheatan Abdulwahab Ahmed Al-Bader

Kyrgyz Republic Baktygul Jeenbaeva Sanjar Mukanbetov

Lao People's Democratic Republic Somdy Douangdy Vathana Dalaloy

Latvia Janis Reirs Jānis Vitenbergs

Lebanon Ghazi Wazni Raoul Nehme

Lesotho Selibe Mochoboroane Nthoateng Lebona

Liberia Samuel D. Tweah Nathaniel Patray

Libya Taher E. Jehaimi VACANT

Lithuania Vilius Sapoka Migle Tuskiene

Luxembourg Pierre Gramegna Arsene Joseph Jacoby

Madagascar Richard James Randriamandrato Falihery Rajaobelina

Malawi Joseph Mwanamvekha Cliff K. Chiunda

Malaysia Tengku Zafrul bin Tengku Abdul Aziz Asri Hamidon

Maldives Ibrahim Ameer Ismail Ali Manik

Mali Boubou Cisse Barry Aoua Sylla

Malta ª Edward Scicluna Alfred S. Camilleri

Marshall Islands Alfred Alfred David Paul

Mauritania Abdel Aziz Dahi Mohamed Salem Nany

Mauritius Renganaden Padayachy Dharam Dev Manraj

Mexico Arturo Herrera Gutiérrez Gabriel Yorio González

Micronesia, Federated States of Eugene N. Amor Senny Phillip

Moldova Serghei Puscata Tatiana Ivanicichina

Mongolia Khurelbaatar Chimed Nadmid Bayartsaikhan

Montenegro Darko Radunovic Bojan Paunović

Morocco Mohamed Benchaaboun Lahcen Daoudi

Mozambique Adriano Afonso Maleiane Rogerio Lucas Zandamela Member Country Governor Alternate

Myanmar U Soe Win U Maung Maung Win

Namibia ª Ipumbu Shiimi VACANT

Nauru ª Martin Hunt John Petersen

Nepal Yuba Raj Khatiwada Sishir Kumar Dhungana

Netherlands Wopke Hoekstra Sigrid Kaag

New Zealand Grant Robertson Caralee McLiesh

Nicaragua Ivan Acosta Montalvan Francisco J. Mayorga

Niger Aichatou Boulama Kane Ahmat Jidoud

Nigeria Zainab Shamsuna Ahmed Mahmoud Isa-Dutse

North Macedonia Nina Angelovska Mila Carovska

Norway Dag-Inge Ulstein Aksel Jakobsen

Oman Darwish Ismail Al Balushi VACANT

Pakistan Makhdum Khusro Bakhtyar Noor Ahmed

Palau Elbuchel Sadang Casmir Remengesau

Panama Hector E. Alexander H. Javier Enrique Carrizo Esquivel

Papua New Guinea Ian Ling-Stuckey Dairi Vele

Paraguay Benigno López Humberto Colman

Peru Maria Antonieta Alva Luperdi Jose Carlos Chavez Cuentas

Philippines Carlos G. Dominguez Benjamin E. Diokno

Poland Adam Glapinski Piotr Nowak

Portugal João Leão João Nuno Mendes

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

Romania Vasile-Florin Citu Leonardo Badea

Russian Federation VACANT Sergey Anatolyevich Storchak

Rwanda Uzziel Ndagijimana Claudine Uwera

Samoa Sili Sala Epa Tuioti Oscar Thomas Malielegaoi

San Marino ª Roberto Ciavatta Giuseppe Ucci

Sao Tome and Principe Osvaldo Taraves dos Santos Vaz Wagner Soares Pires Fernandes

Saudi Arabia Mohammed A. Al-Jadaan Ahmed A. Alkholifey Member Country Governor Alternate

Senegal Abdoulaye Daouda Diallo Amadou Hott

Serbia Sinisa Mali Rasim Ljajic

Seychelles ª Maurice Loustau-Lalanne Caroline Abel

Sierra Leone Jacob Jusu Saffa Sahr Lahai Jusu

Singapore Swee Keat Heng Ching Yee Tan

Slovak Republic Eduard Heger Ludovit Odor

Slovenia Andrej Šircelj Andrej Kavcic

Solomon Islands Harry Degruit Kuma McKinnie Dentana

Somalia Abdirahman Duale Beileh Abdirahman M. Abdullahi

South Africa Tito Mboweni Dondo Mogajane

South Sudan Salvatore Garang Mabiordit Gamal Wani Abdalla

Spain Nadia Calviňo Santamaría Ana de la Cueva Fernandez

Sri Lanka Mahinda Rajapaksa S.R. Attygalle

St. Kitts and Nevis Timothy Harris Hillary Hazel

St. Lucia Allen M. Chastanet Guy Joseph

St. Vincent and the Grenadines Camillo Gonsalves VACANT

Sudan Ibrahim Ahmed Elbadawi Mohamed Elfatih Zein al-Abdein

Suriname ª Gillmore Hoefdraad Stephen Tsang

Sweden Magdalena Andersson Peter Eriksson

Switzerland Guy Parmelin Ignazio Cassis

Syrian Arab Republic Samer Al-Khalil Manhal Hinnawi

Tajikistan Faiziddin Qahorzoda Dilshod Ismatullozoda

Tanzania Philip Isdor Mpango Doto Mgosha James

Thailand Uttama Savanayana Prasong Poontaneat

Timor-Leste VACANT Sara Lobo Brites

Togo Demba Tignokpa Aheba Johnson

Tonga Tevita Lavemaau Pilimilose Balwyn Fa'otusia

Trinidad and Tobago Colm Imbert Camille Robinson-Regis

Tunisia Mohamed Selim Azzabi Kalthoum Hamzaoui Member Country Governor Alternate

Turkey Berat Albayrak Bülent Aksu

Merdanguly Magtymgulyyevich Turkmenistan ª Ezizgeldi Annamuhammedov Palivanov

Tuvalu Seve Paeniu Karlos Lee Moresi

Uganda Matia Kasaija Keith Muhakanizi

Ukraine Sergii Marchenko Ihor Petrashko

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

United Kingdom Anne-Marie Trevelyan Rishi Sunak

United States Steven T. Mnuchin Keith Krach

Uruguay ª Azucena Arbeleche Alejandro Irastorza

Uzbekistan Jamshid Kuchkarov Shukhrat Vafaev

Vanuatu Johnny Koanapo Rasou Letlet August

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

Vietnam Minh Hung Le Thi Hong Nguyen

Yemen, Republic of Nageeb Manssor Al-oj Nazar Abdulla Basuhaib

Zambia Bwalya E. K. Ng'andu Alexander Chiteme

Zimbabwe Mthuli Ncube George Tongesayi Guvamatanga

Source: Corporate Secretariat, June 30, 2020. a. Not a member of IDA Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2020

IBRD IDA

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

Appointed

DJ Nordquist (Vacant) United States 398,736 15.78% 2,935,940 10.19%

Masanori Yoshida Kenichi Nishikata Japan 193,719 7.66% 2,414,307 8.38%

Yingming Yang Minwen Zhang China 119,374 4.72% 660,966 2.29%

Juergen Karl Zattler Nikolai Putscher Germany 106,117 4.20% 1,546,542 5.37%

Arnaud Fernand Buisse Pierre-Olivier Chotard France 98,428 3.89% 1,095,303 3.80%

Richard Montgomery David Stephen Kinder United Kingdom 98,428 3.89% 1,927,010 6.69%

Elected

Guenther Schoenleitner Nathalie Francken Austria, Belarusa, Belgium, 121,826 4.82% 1,356,669 4.71% (Austria) (Belgium) Czech Republic, Hungary, Kosovo, Luxembourg, Slovak Republic, Slovenia, Turkey

Jorge Alejandro Fernando Jimenez Costa Rica, El Salvador, 118,243 4.68% 676,613 2.35% Chavez-Presa (Spain) Guatemala, Honduras, Mexico, (Mexico) Nicaragua, Spain, Venezuela (República Bolivariana de)a

Koen Davidse Florin Vodita Armenia, Bosnia and Herzegovina, 101,897 4.03% 1,374,489 4.77% (Netherlands) (Romania) Bulgariaa, Croatia, Cyprus, Georgia, Israel, Moldova, Montenegro, Netherlands, North Macedonia, Romania, Ukraine

Kunil Hwang Gerard Januarius Australia, Cambodia, Kiribati, 99,566 3.94% 1,121,769 3.89% (Republic of Korea) Antioch Korea (Republic of), Marshall (Australia) Islands, Micronesia (Federated States of), Mongolia, Naurua, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, Vanuatu

Louise Levonian Donna Oretha Harris Antigua and Barbudaa, Bahamas 99,328 3.93% 1,267,927 4.40% (Canada) (Guyana) (The), Barbados, Belize, Canada, Dominica, Grenada, Guyana, Ireland, Jamaicaa, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines

(Vacant) Elsa Patriarca Agustin Brazil, Colombia, Dominican 92,528 3.66% 940,135 3.26% (Philippines) Republic, Ecuador, Haiti, Panama, Philippines, Surinamea, Trinidad and Tobago

IBRD IDA

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

Aparna Subramani Mohammad Shafiul Bangladesh, Bhutan, India, 91,511 3.62% 1,148,270 3.98% (India) Alam Sri Lanka (Bangladesh)

Patrizio Pagano Miguel Coelho Albania, Greece, Italy, Maltaa, 83,378 3.30% 895,068 3.11% (Italy) (Portugal) Portugal, San Marinoa, Timor-Leste

Geir H. Haarde Lasse Antero Klemola Denmark, Estonia, Finland, 76,879 3.04% 1,566,238 5.43% (Iceland) (Finland) Iceland, Latvia, Lithuania, Norway, Sweden

Werner Gruber Katarzyna Zajdel- Azerbaijan, Kazakhstan, 76,267 3.02% 1,323,906 4.59% (Switzerland) Kurowska Kyrgyz Republic, Poland, Serbia, (Poland) Switzerland, Tajikistan, Turkmenistana, Uzbekistan

Shahid Ashraf Tarar Omar Bougara Afghanistan, Algeria, Ghana, 75,631 2.99% 724,373 2.51% (Pakistan) (Algeria) Iran (Islamic Republic of), Morocco, Pakistan, Tunisia

Kulaya Tantitemit Parjiono Brunei Darussalama, Fiji, 72,564 2.87% 838,281 2.91% (Thailand) (Indonesia) Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam

Roman Marshavin Vladmir Tamozhnikov Russian Federation, 70,441 2.79% 101,674 0.35% (Russian Federation) (Russian Federation) Syrian Arab Republic

Merza Hussain Hasan Ragui El-Etreby Bahraina, Egypt (Arab Republic of), 68,866 2.72% 584,323 2.03% (Kuwait) (Arab Republic of Iraq, Jordan, Kuwait, Lebanon, Egypt) Libya, Maldives, Oman, Qatara, United Arab Emirates, Yemen (Republic of)

Hesham Alogeel Abdulmuhsen Saad Saudi Arabia 67,247 2.66% 954,406 3.31% (Saudi Arabia) Alkhalaf (Saudi Arabia)

Adrian Fernandez Cecilia Nahon Argentina, Bolivia, Chile, 57,137 2.26% 682,713 2.37% (Uruguay) (Argentina) Paraguay, Peru, Uruguaya

Jean-Claude Alphonse Ibi Kouagou Benin, Burkina Faso, Cabo Verde, 51,217 2.03% 1,208,541 4.19% Tchatchouang (Benin) Cameroon, Central African (Cameroon) Republic, Chad, Comoros, Congo (Democratic Republic of), Congo (Republic of), Côte d’Ivoire, Djibouti, Equatorial Guinea, Gabon, Guinea, Guinea-Bissau, Madagascar, Mali, Mauritania, Mauritius, Niger, Sao Tome and Príncipe, Senegal, Togo IBRD IDA

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

Anne Kabagambe Taufila Nyamadzabo Botswana, Burundi, Eritrea, 47,986 1.90% 1,135,684 3.94% (Uganda) (Botswana) Eswatini, Ethiopia, Gambia (The), Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibiaa, Rwanda, Seychellesa, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Uganda, Zambia, Zimbabwe

Larai Hajara Shuaibu Armando Manuel Angola, Nigeria, South Africa 40,312 1.59% 343,304 1.19% (Nigeria) (Angola)

a. Not a member of IDA.

In addition to the Executive Directors and Alternates shown in the foregoing list, the following also served after June 30, 2019.

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

Hervé de Villeroché January 12, 2020 Erik Bethel March 27, 2020 (France) (United States)

Christine Hogan September 29, 2019 Muhammad Musharraf Hossain October 31, 2019 (Canada) Bhuiyan (Bangladesh)

Fabio Kanczuk December 3, 2019 Claus Michael Happe September 30, 2019 (Brazil) (Germany)

Roman Kachur August 11, 2019 (Ukraine)

Konstantin Panov February 29, 2020 (Russian Federation)

Paulo Pedroso February 14, 2020 (Portugal)

Roberto Daniel Pierini February 4, 2020* (Argentina)

*Alternate ED Post-Designate through February 11, 2020. DEVELOPMENT COMMITTEE JOINT MINISTERIAL COMMITTEE OF THE BOARDS OF GOVERNORS OF THE BANK AND THE FUND ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES 1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-0388 Washington DC, October 19, 2019

1. The Development Committee met today, October 19, in Washington, DC.

2. Global growth remains subdued, reflecting the softening pace of investment and trade. Downside risks persist due to continued policy uncertainty, trade tensions, financial volatility, and rising debt. We call on the World Bank Group (WBG) and International Monetary Fund (IMF) to continue cooperating and work with countries to bolster potential growth, increase resilience to shocks, boost domestic revenues and continue building policy buffers. They should also consolidate the multi-pronged approach with borrowers and creditors to address the increase in debt vulnerabilities in emerging and low-income economies, as well as promote sustainable and transparent borrowing and lending practices. We ask the Bank Group and IMF to promote effective regulatory and operational measures for fostering tax transparency and combatting illegal tax avoidance, money laundering, illicit financial flows and other challenges to the integrity of the international financial system, including tackling corruption. Efforts should also protect the most vulnerable, enable private sector solutions, spur job creation and strengthen public sector efficiency.

3. We welcome the 2020 World Development Report – Trading for Development in the Age of Global Value Chains. The positive effects of the expansion of trade and value chains are evident in their impact on economic growth and income gains, jobs, productivity, technology transfer, and most importantly, poverty reduction. At the same time, trade gains remain unevenly distributed within and across countries. We call on the Bank Group to work with member countries to strive to realize free, fair, non- discriminatory, transparent, predictable and stable trade and investment, while protecting the environment and ensuring that the gains from participation are equitably distributed.

4. We appreciate the progress reported in the Human Capital Project Update, particularly the concrete institutional and policy reforms of participating countries. We encourage the Bank Group to continue working with public and private sector partners to prioritize analytics and strengthen systems, interventions and investments that improve human capital outcomes, with continued refinement of the Human Capital Index methodology. The outcomes include: improving revenue mobilization and public expenditure management, making progress toward universal health coverage in developing countries, ensuring quality education as well as lifelong learning to prepare workers for current and future job market needs, investing in and empowering women, expanding the coverage of social safety nets and improving service delivery. These actions are essential to achieving the twin goals of eliminating extreme poverty and boosting shared prosperity in a sustainable manner.

5. We welcome the paper on Jobs and Economic Transformation: Drivers, Policy Implications and World Bank Group Support. We appreciate Bank Group support of country-specific priorities that bring together analytics, policy advice, and tools to support jobs and economic transformation, while de-risking and catalyzing private investments. We support coordination and urgent action within the Bank Group to support institutional development and governance reforms, create markets and jobs, spur private investment, reduce barriers to creating businesses, address labor demand and supply constraints, enhance opportunities for women and youth, expand regional projects and collaboration as well as leverage regional integration and south-south cooperation. We urge management to mainstream and operationalize this agenda, drawing on lessons from past successes and on the framework provided in the paper, customized to country contexts, and ask that the Board be updated on this approach by Spring 2020.

6. Countries affected by fragility, conflict, and violence (FCV) face a complex landscape exacerbated by, among other issues, natural disasters, climate change, weak governance, inequalities, exclusion and poor access to energy. They have high numbers of vulnerable people, demographic and migration pressures and forced displacement. These factors create risks and challenges, and to overcome them requires innovation and increased support. Fighting poverty and promoting shared prosperity in FCV situations is key to furthering progress toward the twin goals and the SDGs. The Bank Group and the IMF must remain engaged, with strong local teams in place, to prevent, mitigate, and build resilience to crises while strengthening institutions, developing quality infrastructure, and partnering with the private sector. We look forward to the Bank Group’s new FCV strategy that aims to address the drivers of FCV in affected countries, including fragile small island states, and their impact on vulnerable populations. We also expect the strategy to guide context-specific and regional interventions, policy dialogue, and operational partnerships via country programs and country platforms with key bilateral and multilateral partners, including the UN.

7. It is critical that accountability mechanisms for Bank Group projects remain strong and effective, especially as the organization intensifies its work in more challenging environments. We reiterate the importance of the World Bank Inspection Panel and the IFC and MIGA Compliance Advisor Ombudsman in enhancing development outcomes.

8. The private sector is crucial to generating jobs and raising living standards. We appreciate the role of the Bank Group, including IFC and MIGA, in continuing to provide upstream advisory services, facilitate and expand investments and create markets by engaging with all clients, while prioritizing IDA and FCV countries. We support their efforts to build opportunities for private sector solutions while maximizing development impact, including through the upcoming MIGA strategy. We encourage IFC and MIGA to continue to be proactive and innovate to increase private sector investments and support entrepreneurship, including SMEs.

9. We agree on the critical role of IDA, the Bank’s fund for the poorest countries, in helping to tackle the most important development challenges facing the global community. We welcome the strong implementation of IDA18 and ask that lessons learned be captured and applied to IDA19. The overall direction of IDA19, with its special themes and cross-cutting issues, represents an ambitious agenda. To deliver on this, we look forward to a successful IDA19 replenishment, with strong support from existing and new donors. We ask IDA to continue to focus on delivering results on the ground through its core financing and dedicated windows. We also welcome the one-third increase in IMF concessional financing available to low-income countries approved in May 2019, which provides more room for the IMF to support its poorest and most vulnerable members.

10. Gender equality is a priority for the Bank Group, and we are encouraged by the implementation of its Gender Strategy, reinforced by commitments related to IDA and the capital increase. Going forward, it will be critical to further deepen this implementation. We also welcome the enhanced focus given to gender equality issues by the IMF, including in its country work.

11. We commend the progress in implementing the IBRD and IFC capital package and delivering on the Forward Look commitments of (i) serving all clients, (ii) leading on global public goods, (iii) creating markets and (iv) continually improving the business and operational model. IBRD should continue to engage clients across the income spectrum, while prioritizing additional financing towards countries below the graduation discussion income, in line with the commitments of the capital package. The Bank Group is uniquely placed to address global development challenges, and we encourage it to help implement country platforms to make better use of development resources and mobilize private sector solutions. We call for intensified engagement with clients to advance on the global issues identified in the capital package, namely crisis management and FCV, climate change, gender, knowledge and convening, and regional integration, and other specific issues such as energy security, biodiversity, illicit financial flows and pandemics. The Bank Group engaged on many of these issues at the recent UN General Assembly. The Bank Group should also continue to deliver on its Climate Change Action Plan.

12. We look forward to the adoption of the IFC capital resolutions by March 18, 2020, and we encourage ongoing work toward subscriptions and payment for the IBRD capital increase launched on October 2, 2018.

13. We welcome the IDA Voting Rights Review: Report to Governors and endorse the proposed review, including its guiding principles and scope. We request that the IDA Board of Directors lead the review, and we look forward to an update by the 2020 Annual Meetings, with an agreed timeline for concluding the discussions.

14. The next Shareholding Review will take place in 2020. Reviews are an opportunity to take stock of shareholders’ representation relative to the agreed Dynamic Formula and in line with shareholding principles.

15. We call on the Bank Group to work with members to lay the foundation for a proactive and orderly LIBOR transition, preserving the integrity of the financial model of the Bank Group, while applying principles of fairness and transparency.

16. We thank Christine Lagarde for her strong leadership of the IMF over the past 8 years. We also congratulate Kristalina Georgieva on her selection as Managing Director of the IMF.

17. The next meeting of the Development Committee is scheduled for April 18, 2020, in Washington, DC.

DEVELOPMENT COMMITTEE JOINT MINISTERIAL COMMITTEE OF THE BOARDS OF GOVERNORS OF THE BANK AND THE FUND ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES 1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-0388 Washington DC, April 17, 2020 1. The Development Committee met virtually today, April 17, 2020.

2. Our meeting occurred at a time of unprecedented challenges due to the COVID-19 pandemic. Its devastating effects are being felt across the globe as the human and economic toll continues to rise. We express our sympathy to those affected and offer our support and solidarity to those working on the front lines fighting the pandemic.

3. The COVID-19 pandemic underscores that the development community increasingly faces global challenges requiring decisive, collective action and innovation. Multilateral cooperation is needed to contain the pandemic and mitigate its health, social, and economic consequences. The World Bank Group (WBG) is uniquely positioned to tackle these complex issues and to play a leading role via its lending, investments, knowledge, and convening capacity.

4. We encourage the WBG and the International Monetary Fund (IMF), within their respective mandates, to continue helping all clients, in partnership with the World Health Organization, other UN agencies, international financial institutions, and bilateral partners. We ask them to collaborate in addressing the pandemic, supporting economic recovery, and safeguarding progress toward the twin goals and the SDGs.

5. The global economy is experiencing an exceptional negative shock as a result of COVID-19. The attendant sharp decline in global investor confidence has severely tightened external financing conditions for countries across the income spectrum. The pandemic is disrupting trade, supply chains and investment flows. It is also leaving financial and human capital idle, while remittances, transport revenues, and income from tourism have rapidly diminished. In addition, steep drops in commodity prices are harming commodity-dependent economies. We ask the WBG to help countries mitigate these disruptions and support efforts to preserve jobs and boost confidence. Special attention should be paid to the provision of affordable medical supplies and to food security and safety. We also ask that all countries ensure the flow of vital medical supplies, critical agricultural products, and other goods and services across borders, and that they work to resolve disruptions to the global supply chains, to support the recovery.

6. The pandemic has already profoundly impacted human capital, including lives, learning, basic well-being, and future productivity. Disruptions in the delivery of essential services and food, combined with employment and income loss for households, are devastating. We ask the WBG to help governments deploy resources toward public health interventions, nutrition, education, essential services, and social protection against the immediate adverse effects of the shocks. We also support the WBG’s emphasis on boosting government preparedness to protect human capital against potential subsequent waves of the outbreak and future pandemics. Efforts should place special focus on fragile situations, small island states, and the poorest and vulnerable people in all countries, with attention to gender issues.

7. We commend the IMF and WBG for their rapid response to the crisis thus far. We ask them to help client countries achieve tangible development outcomes and shorten their time to recovery. We urge the two institutions to work with countries to design and implement policies and programs that help lift the poorest households out of poverty and support small businesses. We also call on them to promote structural reforms that lay the foundations for growth and higher living standards for all. We ask them to use all available financial and advisory instruments, facilitate the sharing of lessons, and offer operational flexibility to tackle this common threat at the country, regional, and global levels.

8. We welcome the WBG’s estimated financial support of up to US$150-160 billion over the next 15 months, with a focus on the poorest and vulnerable in all client countries. We are pleased that as part of this overall response, and through the Fast Track COVID-19 Facility, IBRD and IDA are making funds available to help developing countries in their urgent response to the public health threat, as they strengthen their health systems, shore up social safety nets, and improve access to services, while bolstering their response capacity and building up disease surveillance. IFC is also making funds available for prompt short- and medium-term financial support to trade flows and the wider private sector. MIGA is making fast-track guarantees available to meet financing needs for the immediate health response and economic recovery.

9. We also welcome the IMF’s stepping up of financial support for developing countries through both its regular facilities and emergency funding, which will allow for much needed support at a time when many countries lack the policy and fiscal space to act. The doubling of annual access levels to the IMF’s emergency financing facilities is an important response to the challenges faced by the membership, as is its move to accelerate internal procedures to speed up disbursements.

10. IDA countries are severely affected by the pandemic. We recognize the growing burden of debt service and the need for immediate liquidity to tackle the challenges posed by the COVID-19 crisis in a coordinated manner. We therefore strongly support the WBG initiatives for IDA countries, including frontloading of grants and highly concessional IDA19 resources. We welcome the coordinated approach agreed by the G20 and the Paris Club, supported by the WBG and IMF, toward a time-bound suspension by bilateral official creditors of debt service payments for the poorest countries that request forbearance. We call on private creditors to participate in the initiative on comparable terms. We ask the World Bank and the IMF to work with IDA countries to evaluate their debt sustainability based on enhanced transparency, to monitor the use of freed-up fiscal space, and to provide the Development Committee with a progress report at the Annual Meetings. In line with the G20 request to multilateral development banks, we ask the World Bank to further explore options for the suspension of debt service payments over the suspension period, while maintaining financial capacity, current rating, and low cost of funding, and to report to its Board in a timely manner. We also ask the WBG and IMF to review the debt challenges of middle-income countries, and to explore expeditiously a range of solutions to fiscal and debt stress in those countries on a case-by-case basis.

11. The WBG has the financial firepower to provide a meaningful long-term response to this crisis thanks to the capital increases for IBRD and IFC, as well as the successful IDA19 replenishment. We encourage all shareholders to accelerate the subscription processes and front-load their contributions to the greatest extent possible.

12. This crisis has the potential to erase development gains for many countries. The WBG must not only address immediate economic needs, but also support long-term development priorities; ensuring affordable energy access, building energy security and resilience to economic and environmental vulnerabilities and climate change. We urge the WBG and the IMF to ensure effectiveness on the ground and help countries create the conditions for inclusive and sustainable long-term growth. We also call on the WBG to maintain its critical role in key global challenges, as outlined in the capital package commitments, to achieve the twin goals of eliminating poverty and achieving shared prosperity, as well as the SDGs. It is only by rebuilding stronger and better that these goals can be achieved.

13. The next meeting of the Development Committee is currently scheduled for October 17, 2020, in Washington, DC.

Officers of the World Bank | June 30, 2020

Name Title David Malpass President, World Bank Group Axel van Trotsenburg Managing Director of Operations Anshula Kant Managing Director and World Bank Group Chief Financial Officer Shaolin Yang Managing Director and World Bank Group Chief Administrative Officer Mari Pangestu Managing Director, Development Policy and Partnerships Carmen Reinhart Vice President and World Bank Group Chief Economist, DEC Sandie Okoro Senior Vice President and World Bank Group General Counsel Antonella Bassani Vice President, Budget, Performance Review, and Strategic Planning Imrana Jalal Chairperson, Inspection Panel Jorge Dajani Gonzalez World Bank Group Chief Ethics Officer Hafez Ghanem Vice President, Africa Hartwig Schafer Vice President, South Asia Humberto López Acting Vice President, Latin America and Caribbean Ferid Belhaj Vice President, Middle East and North Africa Victoria Kwakwa Vice President, East Asia and Pacific Anna Bjerde Vice President, Europe and Central Asia World Bank Group Vice President, Information and Technology Solutions, and World Bank Denis Robitaille Group Chief Information Officer Annette Dixon Vice President, Human Development Juergen Voegele Vice President, Sustainable Development Ceyla Pazarbasioglu Vice President, Equitable Growth, Finance, and Institutions Makhtar Diop Vice President Infrastructure Bernard Lauwers Vice President, Institutional Projects Alison Evans Director General, Independent Evaluation Group Jorge Familiar Calderon Vice President and World Bank Group Controller Ethiopis Tafara Acting Vice President, Institutional Integrity Ousmane Diagana Vice President, World Bank Group Human Resources Anke D'Angelo Vice President and Auditor-General, Internal Audit Jingdong Hua Vice President and Treasurer Sheila Redzepi Vice President, World Bank Group External and Corporate Relations Manuela Ferro Vice President, Operations Policy and Country Services Lakshmi Shyam-Sunder Vice President and World Bank Group Chief Risk Officer Akihiko Nishio Vice President, Development Finance Yvonne Tsikata Vice President and Corporate Secretary Osvaldo Luis Gratacós Vice President, Compliance Advisor/Ombudsman

Organizational Chart Board of Governors Effective June 15, 2020

Alison Evans Imrana Jalal Director General Executive Directors Chairperson Independent Evaluation Inspection Panel

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

Anke D’Angelo Carmen Reinhart Vice President & David Malpass Vice President & Auditor-General President WBG Chief Economist Group Internal Audit Development Economics

Ousmane Diagana Ethiopis Tafara Vice President Acting Vice President WBG Human Resources Institutional Integrity

Mari Pangestu Sheila Redzepi Axel van Trotsenburg Anshula Kant Shaolin Yang Managing Director Vice President Managing Director, Managing Director Managing Director Development Policy Operations & WBG Chief & WBG Chief & Partnerships WBG External & IBRD/IDA Financial Officer Administrative Officer Corporate Relations

Lakshmi Shyam-Sunder Vice President & Antonella Bassani J. Humberto Lopez Hafez Ghanem Annette Dixon WBG Chief Risk Officer Vice President Makhtar Diop Acting Vice President Vice President Vice President Vice President Group Chief Risk Officer Budget, Performance Latin America and Africa Human Development Review & Strategic Planning Infrastructure Caribbean Akihiko Nishio Vice President Denis Robitaille Vice President & Manuela Ferro Victoria Kwakwa Ferid Belhaj Juergen Voegele Development Finance WBG CIO Vice President Vice President Vice President Vice President WBG Information & Operations Policy and East Asia and Pacific Middle East & North Africa Sustainable Development Jingdong Hua Technology Solutions Country Services Vice President & Treasurer

Treasury Jorge Dajani Gonzalez Ceyla Pazarbasioglu WBG Chief Ethics Officer Anna Bjerde Hartwig Schafer Vice President Vice President Vice President Jorge Familiar Calderon Vice President & WBG Ethics & Business Equitable Growth, Finance Conduct Europe and Central Asia South Asia WBG Controller and Institutions WBG Finance & Accounting

Bernard Lauwers Vice President

Institutional Projects Annual Remuneration Disclosure Notice

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

Calculation of Compensation and Benefits Consistent with previous years, in fiscal 2020 the following assumptions were used to determine the annual World Bank Group contribution to the pension plan and other benefits: Executive Management Remuneration 1. Annual Net Salary: This shows the actual annual net salary as of June 30, 2020. 2. Annual World Bank Group Contribution to the Pension Plan: This represents the Bank Group’s estimated contribution to the pension plan calculated as a percentage of salaries, as approved by the Pension Finance Committee. For fiscal 2020 the overall Staff Retirement Plan (SRP) contribution rate is 29.77 percent as provided by Treasury. The World Bank Group pension contribution increased from 28.43 percent in fiscal 2019 to 29.77 percent in fiscal 2020. 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 31.48 percent for gross plan and 20.39 percent for net plan as estimated by the Bank Group’s Principal Actuary. 4. Thus, for Executive Management in the gross plan (Philippe H. Le Houerou, Axel van Trotsenburg, and Shaolin Yang), the fiscal 2020 pension contribution is estimated at 31.48 percent. For the rest of management, who are in the net plan, the pension contribution is estimated at 20.39 percent. The Annual World Bank Group Contribution to Other Benefits: This is an estimate of the Bank Group’s contribution to benefits (excluding pension, tax allowances of 9.25 percent, and separation grant of 1.28 percent for those not eligible). The historical average benefits, excluding pension, is 34.68 percent of salary.

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

1 The SRP’s actuarial asset value is based on a smoothed average of the preceding five years. Remuneration of Executive Management, Executive Directors, and Staff

To recruit and retain highly qualified staff, the World Bank Group has developed a compensation and benefits system designed to be internationally competitive, to reward performance, and to take into account the special needs of a multinational and largely expatriate staff. The World Bank Group's staff salary structure is reviewed annually by the Executive Directors, and if warranted, is adjusted on the basis of a comparison with salaries paid by private financial and industrial firms and by representative public sector agencies in the U.S. market. After analyses of updated comparator salaries, the Board approved an average increase in the salary structure of 2.2 percent for fiscal 2020, effective July 1, 2019, for Washington-based staff. The annual salaries (net of taxes) of executive management of the World Bank Group (WBG) were as follows as of June 30, 2020:

Executive Management: Annual Salaries and Benefits (Net of Taxes, US$) Annual WBG Annual WBG Annual net contribution to contribution to Name and position salarya pension planb other benefitsc

David Malpass, President d 524,970 107,041 220,730

Philippe H. Le Houerou, Chief Executive Officer IFC e 433,300 136,403 m 191,285

Kristalina I. Georgieva, Chief Executive Officer IBRD/IDA f 433,300 - 191,285

Axel van Trotsenburg, Managing Director, Operations IBRD/IDA g 401,600 126,424 m 102,131

Mari Pangestu, Managing Director, Development Policy & 400,000 81,560 96,584 Partnerships h

Hiroshi Matano, Executive Vice President MIGA i 380,000 77,482 91,755

Keiko Honda, Executive Vice President and Chief Executive 425,680 86,796 102,785 Officer MIGA j Mahmoud Mohieldin, Senior Vice President for the 2030 425,080 86,674 102,640 Development Agenda, United Nations Relations, and Partnerships Anshula Kant, Managing Director and WBG Chief Financial 400,000 81,560 118,851 Officer k Shaolin Yang, Managing Director and WBG Chief Administrative 416,480 131,108 m 100,564 Officer Sandra Ngozi Okoro Hopkins, Senior Vice President and General 387,480 79,007 93,561 Counsel

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

Alternate Executive Directors l 223,680 n.a. n.a. a. The salaries are set on a net-of-tax basis as WBG staff, other than U.S. citizens, are usually not required to pay income taxes on their WBG compensation. b. Approximate annualized WBG contribution made to the Staff Retirement Plan and deferred compensation plans from July 1, 2019 through June 30, 2020. c. Other benefits include annual leave; medical, life, and disability insurance; accrued termination benefits; and other non-salary related benefits. Other benefits exclude tax allowances. d. Mr. Malpass's WBG contribution to other benefits includes a supplemental allowance of $93,970 to cover expenses. As a U.S. citizen, Mr. Malpass's salary is taxable and he receives a tax allowance to cover the estimated taxes on his salary and benefits. In addition to his pension, Mr. Malpass receives a supplemental retirement benefit equal to 5 percent of annual salary. e. Mr. Le Houerou’s WBG Contribution to Other Benefits includes a scarce skills premium of $86,660. f. Ms. Georgieva retired from her position on October 1, 2019. Her actual net of tax salary for July 1, 2019 to October 1, 2019 was $108,325. The WBG contributed $47,356 to other benefits over the fiscal year. She was a former Gross Plan retiree and she was not eligible to participate in the staff retirement plan. Her WBG Contribution to Other Benefits includes an annual scarce skills premium of $86,660 of which $21,200 was paid over the fiscal year. g. Mr. van Trotsenburg was appointed to his position on October 1, 2019. His actual net of tax salary for October 1, 2019 to June 30, 2020 was $324,975. The WBG contributed $102,302 to his pension and $82,644 to other benefits over the fiscal year. h. Ms. Pangestu was appointed to her position on March 2, 2020. Her actual net of tax salary for March 2, 2020 to June 30, 2020 was $133,333. The WBG contributed $27,187 to her pension and $32,195 to other benefits over the fiscal year. i. Mr. Matano was appointed to his position on November 1, 2019. His actual net of tax salary for November 1, 2020 to June 30, 2020 was $253,333. The WBG contributed $51,655 to his pension and $61,170 to other benefits over the fiscal year. j. Ms. Honda retired from her position on November 1, 2019. Her actual net of tax salary for July 1, 2019 to November 1, 2019 was $141,893. The WBG contributed $28,932 to her pension and $34,262 to other benefits over the fiscal year. k. Ms. Kant was appointed to her position on October 7, 2019. Her actual net of tax salary for October 7, 2019 to June 30, 2020 was $293,939. The WBG contributed $59,934 to her pension and $93,242 to other benefits over the fiscal year. Her WBG Contribution to Other Benefits includes a recruitment bonus of $22,267. l. These figures do not apply to the U.S. Executive Director and Alternate Executive Director, who are subject to U.S. congressional salary caps. m. Pension benefits for these staff members are based on Staff Retirement Plan (SRP) provisions in effect prior to April 15, 1998.

As of June 30, 2020, the salary structure (net of tax) and annual average net salaries/benefits for World Bank Group staff were as follows:

Staff Salary Structure and Benefits (Washington, D.C.)

Staff at Average Average Minimum Midpoint Maximum grade salary/grade benefitsa Grades Representative job titles (US$) (US$) (US$) level (%) (US$) (US$) GA Office Assistant 28,000 40,000 52,000 0.01% 39,330 21,711 GB Team Assistant, Information Technician 33,700 48,100 62,500 0.12% 46,672 25,763 GC Program Assistant, Information Assistant 41,500 59,300 77,100 5.85% 62,423 34,458 Senior Program Assistant, Information GD 49,300 70,500 91,700 5.92% 76,320 42,130 Specialist, Budget Assistant GE Analyst 67,600 96,600 125,600 10.03% 88,853 49,048 GF Professional 89,500 127,800 166,100 22.24% 115,811 63,929 GG Senior Professional 115,700 165,300 214,900 36.79% 162,761 89,846 GH Manager, Lead Professional 158,200 226,000 293,800 16.12% 229,603 126,743 GI Director, Senior Advisor 243,200 304,000 364,800 2.45% 299,968 165,585 GJ Vice President 288,100 339,000 389,900 0.40% 366,249 202,173 Managing Director, Executive Vice GK 320,300 376,800 433,300 0.08% 405,493 259,807 President, Chief Executive Officer

Note: Because WBG staff, other than U.S. citizens, usually are not required to pay income taxes on their WBG compensation, the salaries are set on a net-of-tax basis. These salaries are generally equivalent to the after-tax take-home pay of the employees of the comparator organizations and firms from which WBG salaries are derived. Only a relative small minority of staff will reach the upper third of the salary range. a. Includes medical, life and disability insurance; accrued termination benefits; and other non-salary benefits. Excludes tax allowances.

Offices of the World Bank

Washington, DC Tokyo * Australia 1818 H Street NW Mr. Masato Miyazaki Mr. Michel Kerf Washington, DC 20433, USA The World Bank Group Country Director - Papua New Guinea & Pacific Tel: (202) 473-1000 14th Floor, Fukoku Seimei Building Islands Web: http://www.worldbank.org 2-2-2 Uchisaiwai-cho, Chiyoda-ku, The World Bank Group Tokyo 100-0011 Japan Level 19, 14 Martin Place New York Tel: (81-3) 3597-6650 Sydney NSW 2000, Australia Ms. Laura Jaitman Fax: (81-3) 3597-6695 Tel: (61-2) 9235-6412 The World Bank Group E-mail: [email protected] Fax: (61-2) 9235-6593 1 Dag Hammarskjold Plaza Web: http://www.worldbank.org/en/country/japan E-mail: [email protected] 885 2nd Avenue, 26th Floor Web: http://www.worldbank.org/pacificislands New York, N.Y. 10017, U.S.A. * Afghanistan Tel: (212) 317-4720 Mr. Henry G. Kerali * Austria Fax: (212) 317-4733 The World Bank Group Ms. Linda Van Gelder Street No. 15, House No. 19 Regional Director for the Western Balkans * Europe Wazir Akbar Khan The World Bank Group Mr. Mario Sander Kabul, Afghanistan 31 Praterstrasse, 21st floor The World Bank Tel: 93-70-113-3397 1020 Vienna, Austria 66 avenue d’Iéna E-mail: [email protected] Tel: (43-1) 217- 0700 75116 Paris, France Web: http://www.worldbank.org/af Fax: (43-1) 217-0701 Tel: (33-1) 40 69 30 21 E-mail: [email protected] E-mail: [email protected] Albania Web: Web: http://www.worldbank.org/europe Ms. Maryam Salim http://www.worldbank.org/en/region/eca/brief/worl The World Bank Group d-bank-group-in-vienna Berlin Ibrahim Rugova Street, Villa No. 34 Mr. Rainer Venghaus Tirana, Albania Azerbaijan The World Bank Tel: (355-4) 2280 650/51 Ms. Sarah Michael Reichpietschufer 20 Fax: (355-4) 2240 590 The World Bank Group 10785 Berlin, Germany E-mail: [email protected] 90A Nizami Street Tel: +49 (0)30 72614 250 Web: http://www.worldbank.org/al The Landmark III, 5th Floor E-mail: [email protected] Baku, AZ1010, Azerbaijan Web: http://www.worldbank.org/en/country/germany Algeria Tel.: (994-12) 492 1941 Mr. Emmanuel Cuvillier Fax: (994-12) 492 6873 Brussels 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 Ms. Mercy M. Tembon Tel: (32-2) 552 00 52 Tel: +213-6611 59 16 00 The World Bank Fax: (32-2) 552 00 25 Fax: +213-661 59 16 05 Plot E-32, Agargaon, Syed Mahbub Morshed Web: http://www.worldbank.org/eu Web: http://www.worldbank.org/dz Avenue, Sher-e-Bangla Nagar Dhaka 1207, Bangladesh Geneva Angola (Postal Address: G.P.O. Box 97) Mr. Jos Verbeek Mr. Olivier J. Lambert Tel: (880-2) 5566-7777 The World Bank Banco Mundial Fax: (880-2) 5566-7778 3 chemin Louis-Dunant Avenida Lenine N0 86, 70 andar, Ingombota E-mail: [email protected] Post Office Box 66 Luanda, República de Angola Web: www.worldbank.org.bd 1211 Geneva 20, Switzerland (postal address: Caixa Postal 1331) Tel: (41-22) 748 1000 Tel: (244-222) 394-677/ Belarus Fax: (41-22) 748 1030 E-mail: [email protected] Mr. Alexander Kremer E-mail: [email protected] Web: http://www.worldbank.org/ao The World Bank Group 6 Rumyantseva Street London * Argentina Minsk, 220034, Republic of Belarus Mr. Jakob Kopperud Mr. Jordan Z. Schwartz Tel: (375-17) 359-1950 The World Bank Group The World Bank Group Fax: (375-17) 3559-1962 12th Floor, Millbank Tower Bouchard 547, 29th Floor E-mail: [email protected] 21-24, Millbank C1106ABG Buenos Aires, Argentina Web: http://www.worldbank.org/by London SW1P 4QP, England Tel: (54-11) 4316-9700 / 4316-0600 Tel: (44-20) 7592 8400 Fax: (54-11) 4313-1233 * Belgium E-mail: [email protected] E-mail: [email protected] Gallina Vincelette (ECCU5) Web: www.worldbank.org/unitedkingdom Web: http://bancomundial.org.ar Europe and Central Asia Unit The World Bank Group Rome Armenia Avenue Marnix 17 The World Bank Ms. Sylvie K. Bossoutrot, 1000 Brussels, Belgium Via Labicana 110 The World Bank Group Tel: (32-2) 504 09 94 00184 Rome, Italy 9 G. Lousavorich Street Fax: (32-2) 504 09 99 Tel: (39-06) 77 71 01 Yerevan 0015, Armenia E-mail: [email protected] Fax: (39-06) 70 96 046 Tel: (+374-10) 59 42 44 Web: http://www.worldbank.org/eu Web: http://www.worldbank.org/europe E-mail: [email protected] Web: http://www.worldbank.org/am

______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 September 29, 2020. Offices of the World Bank

Benin Bulgaria Chad Mr. Atou Seck Mr. Fabrizio Zarcone Mr. Rasit Pertev The World Bank Group Banque Mondiale The World Bank Group Intersection de la rue Hamit Hangata & Route de l'Aeroport World Trade Center - Interpred Avenue Idriss Miskine Avenue Jean-Paul II 36 Dragan Tsankov Blvd., Block A, 5th Floor N'Djamena, Chad Face Hotel Marina ex-Sheraton 1057 Sofia, Bulgaria (postal address: B.P. 146) Cotonou, Bénin Tel: (359-2) 969 72 29 Tel: (235) 2252-3247, 2252-3360 (postal address: 03 B.P. 2112) Fax: (359-2) 971 20 45 Fax: (235) 2252-4484 Tel: (229) 21 30 58 57 / 21 30 58 97 E-mail: [email protected] E-mail: [email protected] Fax: (229) 21 30 17 44 Web: http://www.worldbank/bg Web: http://www.worldbank.org/td E-mail: [email protected] Web: http://www.worldbank.org/bj Burkina Faso Chile Ms. Maimouna Mbow Fam Mrs. Virginia Paula Brandon Bhutan The World Bank Group The World Bank Group Mr. Adama Coulibaly 179, Avenue du Président Saye Zerbo Av. Apoquindo 2929 Oficina 1300-A The World Bank Group Zone de Ambassades, Koulouba Las Condes, Santiago, Chile Bhutan Development Bank Ltd Building Ouagadougou 01, Burkina Faso E-mail: [email protected] Norzin Lam (postal address: BP 622) Tel: (562) 239.82400 Chubachu Tel: (226) 25 49 6300 Fax: (562) 654-1099 P.O. Box 244 Fax: (226) 25 49 6364 E-mail: [email protected] Thimphu, Bhutan E-mail: [email protected] Web: Web: https://www.worldbank.org/en/country/chile Tel: (975) 77 182 111 https://www.worldbank.org/en/country/burkinafaso Fax: (975) 77 182 113 * China E-mail: [email protected] Burundi Mr. Martin Raiser Ms. Veronique Kabongo The World Bank Bolivia Banque Mondiale 16th Floor, China World Office 2 Mrs. Indu John-Abraham 03, Avenue de l’Aviation, Rohero 1 No. 1 Jian Guo Men Wai Avenue The World Bank Group Bujumbura, Burundi Beijing, 100004 Edificio Victor (WB) Piso 9 (postal address: B.P. 2637) People's Republic of China Calle Fernando Guachalla #342 – Sopocachi Tel: (257) 2220 6200, 2220 6221 Tel: (86-10) 5861-7600 La Paz, Bolivia Fax: (257) 2222 6005 Fax: (86-10) 5861-7800 (postal address: Casilla 8692) E-mail: [email protected] E-mail: [email protected] Tel: (591-2) 261-3300 Web: http://www.worldbank.org/bi Web: http://www.worldbank.org/china Fax: (591-2) 261-3305 Web: http://www.shihang.org/china E-mail: [email protected] Cabo Verde Web: http://www.worldbank.org/bo Ms. Eneida Fernandes Colombia The World Bank Country Office Mr. Ulrich Zachau, Bosnia and Herzegovina Avenida OUA Largo da Nacoes Unidas Achada de The World Bank Group Mr. Emanuel Salinas Sato Antonio, Carrera 7 No.71-21 The World Bank PRAIA, Torre A, piso 16 (WB) or Piso 14 (IFC) UNITIC Tower B Cabo Verde Apartado 10229 Fra Andjela Zvizdovica 1, 17th Floor Tel: +238-260-1770 / 7154 Bogota, Colombia 71000 Sarajevo Email : [email protected] Tel: (57-1) 326-3600 Bosnia and Herzegovina Web :https://www.worldbank.org/caboverde Fax: (57-1) 326-3480 Tel: (387-33) 251 500 E-mail: [email protected] Fax: (387-33) 226 945 Cambodia Web: http://www.worldbank.org/co E-mail: [email protected] Ms. Inguna Dobraja Web: http://bancomundial.org/co Web : The World Bank https://www.worldbank.org/en/country/bosniaandhe Exchange Square Building 10th Floor, * Congo, Democratic Republic of the rzegovina No. 19-20, Street 106, Sangkat Wat Phnom Mr. Jean-Christophe Carret Phnom Penh, Cambodia The World Bank Group Botswana Tel: (855-23) 261315 Boulevard: Tshatshi, No. 49 Mr. Guido Rurangwa (Resident Representative) Fax: (855-23) 261301 Kinshasa-Gombe The World Bank E-mail: [email protected] Democratic Republic of the Congo Time Square Web: http//www.worldbank.org/kh Tel: Plot 134 +243 999 94 9015, Independence Avenue * Cameroon +243 817 00 5215 Gaborone, Botswana Mr. Abdoulaye Seck E-mail: [email protected] (Postal address: P.O. Box 20976) Banque Mondiale Web:http://www.worldbank.org/cd Tel: (267) 310 5465 rue 1. 792, No. 186 Fax: (267) 310 5456 Yaoundé, Cameroon Congo, Republic of E-mail: [email protected] Nouvelle Route Bastos-Ekoudou Ms. Korotoumou Ouattara (postal address: B.P. 1128) The World Bank * Brazil Tel: (237) 222 50 80 00 Immeuble BDEAC, 2ème étage Mrs. Paloma Anos Casero Fax: (237) 22 21 07 22 Boulevard Denis Sassou Nguesso Banco Mundial E-mail: [email protected] P.O. Box 14536 Setor Comercial Norte Quadra 02 Web: http://www.worldbank.org/cm Brazzaville, Republic of Congo Lote A – Edificio Tel: (242) 22281 33 30, 22281 46 38 Corporate Financial Center, 7o Andar Central African Republic Fax: (242) 22281 53 16 Brasilia, DF 70712-900, Brasil Mr. Han Fraeters E-mail: [email protected] Tel: (55-61) 3329-1000 The World Bank Group Web: http://www.worldbank.org/cg Fax: (55-61) 3329-1010 Rue des Missions E-mail: [email protected] Bangui, République Centrafricaine Web: http://www.worldbank.org/br (postal address: B.P. 819) Tel: (236) 21 61 61 38 Fax: (236) 21 61 60 87 E-mail: [email protected] Web: http://www.worldbank.org/cf

* Côte d’Ivoire * Egypt, Arab Republic of Gabon Ms. Coralie Gevers Ms. Marina Wes Alice Oueddraogo, Resident Representative The World Bank Group The World Bank Group Banque Mondiale Cocody - Angle des rues Booker Washington and Nile City Towers, North Tower Immeuble Libreville Business Square (ex GML) Jacques Aka 2005C Corniche El Nil, Ramlet Boulaq P.O. Box 4027 Abidjan, Côte d'Ivoire Cairo, Egypt Libreville, Gabon (postal address: B.P. 1850) (WB 29th Floor/ IFC 24th & 25th Floor) Tel: (241) 01 79 49 00 / 01 74 36 05 Tel: (225) 22 40 04 00 Tel: (20-2) 2461 4400 E-mail: [email protected] Fax: (225) 22 40 04 61 Fax: (20-2) 2461 9986 Web: http://www.worldbank.org/ga E-mail: [email protected] Web: http://www.worldbank.org/eg Web: http://www.worldbank.org/ci Gambia, The Web: http://www.worldbank.org/ci El Salvador Ms. Feyi Boroffice Mr. Oscar Avalle The World Bank, Country Office Comoros The World Bank Group 5 Atlantic Boulevard, Fajara The World Bank Group Calle El Mirador Banjul, The Gambia United Nations Building, Moroni, Hamramba Edificio Torre Futura Nivel 9, Locales 904 & 905 Tel: (220) 449 – 8089 / 449 – 8090 Union of Comoros Colonia Escalón, Fax: (220) 4497936 Po.Box 648 San Salvador, El Salvador E-mail: [email protected] Tel: (269) 773 2032 Tel: (503) 2526-5900 Web: http://www.worldbank.org/gambia E-mail : [email protected] Fax: (503) 2526-5936 Web : http://www.worldbank.org/comoros E-mail: [email protected] * Georgia Web: http://www.worldbank.org/sv Mr. Sebastian Molineus Costa Rica The World Bank Group Mr. Oscar Avalle Equatorial Guinea 5A, (WB) / 5B, (IFC) The World Bank Group Ms Alice Oueddraogo, Resident Representative Nino Ramishvili Street Plaza Roble, Edificio El Patio, Piso 1 Oficina del Banco Mundial Tbilisi, 0179 Georgia Escazú, Costa Rica Edificio de las Naciones Unidas Tel: (995-32) 229 6221 Tel: (506) 2549-5800 Planta baja Fax: (995-32) 291 3478 E-mail: [email protected] Malabo II E-mail: [email protected] W: www.bancomundial.org/es/country/costarica Guinea Ecuatorial Web: http://www.worldbank.org/ge E-mail: [email protected] Croatia Web:https://www.worldbank.org/en/country/equatorial * Ghana Ms. Elisabetta Capannelli guinea Mr. Pierre Laporte The World Bank Group The World Bank Group Radnička cesta 80/IX * Ethiopia Independence Avenue 10000 Zagreb, Croatia Mr. Ousmane Dione The World Bank Group King Hassan Road, Plot # 3, Ridge Tel: (385-1) 2357-222 Africa Avenue (Bole Road) Accra, Ghana Fax: (385-1) 2357-200 Kirkos Sub-City (postal address: P.O. Box M. 27) E-mail: [email protected] Addis Ababa, Ethiopia Tel: (233-302) 229681 / 220837 / 214100 Web: http://www.worldbank.org/croatia (postal address: P.O. Box 5515) Fax: (233-302) 227887 Tel: (251-11) 517 60 00 E-mail: plaporteworldbank.org Dominican Republic Fax: (251-11) 662 77 17 Web: http://www.worldbank.org/gh Ms. Alexandria Valerio E-mail: [email protected] The World Bank Group Web: http://www.worldbank.org/et Guatemala Av. Lope de Vega No. 29 Mr. Marco Scuriatti Torre Novo-centro, Piso 10 Eswatini The World Bank Group Ensanche Naco Ms. Nonhlahla Memorial Zindela 13 Calle 3-40 Santo Domingo, R.D. The World Bank Zona 10, Edificio Atlantis, Piso 14 Tel: (809) 872-7300 Somhlolo Road, 1st Floor UN House, Mbabane Guatemala City, Guatemala Fax: (809) 872-7307 Mbabane, Eswatini Tel: (502) 2329-8000 E-mail: [email protected] E-mail: [email protected] Fax: (502) 2329-8099 Web: http:// Web: https://www.worldbank.org/en/country/eswatini E-mail: [email protected] www.worldbank.org/en/country/dominicanrepublic Web: http://www.worldbank.org/gt Fiji Djibouti, Republic of Mr. Lasse Melgaard Guinea Mr. Boubacar-Sid Barry The World Bank Group Mr. Nestor Coffi The World Bank Group Level 2, My FNPF Centre Building The World Bank Group Mezz Tower, 15e floor, Route de Venise Grieg Street Immeuble de l’Archevêché Djibouti, Republic of Djibouti Suva, Fiji Face Baie des Anges (postal address: P.O. Box 1612) Tel: (679) 322-8900 Conakry, Guinée Tel: (253) 21 33 13 00 Fax:(679) 331-8074 (postal address: B.P. 1420) Mobile (253) E-mail: [email protected] Tel: (224) 624 93 30 00/624 93 30 41 E-mail: [email protected] Web: http://www.worldbank.org/pacificislands E-mail: [email protected] Web: http://www.worldbank.org/en/country/guinea Ecuador France, Marseille Mr. Juan Carlos Alvarez Ms. Blanca Moreno-Dodson Guinea-Bissau Banco Mundial The World Bank Mr. Amadou Oumar Ba Av. 6 de Diciembre y Boussingault Center for Mediterranean Integration (CMI) The World Bank Group T6, 13th Floor. Villa Valmer Rua Rui Djassi, Prédio das Naçoes Unidas Quito, Ecuador 271 Corniche Kennedy Escrítório do Banco Mundial Tel: (593-2) 294-3600 13007 Marseille, France Bissau, Guinea-Bissau Fax: (593-2) 294-3601 Tel: (33-4) 91 99 24 51 Tel: (245) 95 5651448 E-mail: [email protected] Fax: (33-4) 91 99 24 79 E-mail: [email protected] Web: http://www.worldbank.org/ec E-mail: [email protected] Web: http://www.worldbank.org/guineabissau Web: http://www.cmimarseille.org

Guyana Jamaica Kosovo Mr. Ozan Sevimli, The World Bank Mr. Ozan Sevimli Mr. Massimiliano Paolucci 87 Carmichael Street The World Bank Group The World Bank South Cummingsburg Courteigh Corporate Centre, 3rd Floor Rruga Prishtinë-Fushë Kosovë Georgetown, Guyana 6 St. Lucia Avenue 10060 Pristina, Republic of Kosovo Tel: (592) 223 5036 Kingston 5, Jamaica Tel. +381-38-224-454-1100 Fax: (592) 225 1384 Tel: (876) 960-0459 Fax. +381-38-224-454-1334 E-mail: [email protected] Fax: (876) 960-0463 E-mail: [email protected] Web: E-mail: [email protected] Web: http://www.worldbank.org/kosovo https://www.worldbank.org/en/country/caribbean Web: http://www.worldbank.org/jamaica Kuwait Haiti * Jordan Mr. Ghassan Alkhoja Mrs. Anabela Abreu Ms. Holly Benner The World Bank Group Banque Mondiale The World Bank Group Al Shuhada Street. Al Hamra Business 7, rue Ogé The Atrium Building TowerFloor 32. Kuwait City, Kuwait Pétion-Ville, Haiti 1 Rafiq Al-Hariri Avenue (postal address: P.O. Box 1015, Safat: 13010) Tel: (509) 2812.2200 5th Floor, Abdali Tel: (965) 2205 9130 E-mail: [email protected] P.O.Box 930375 Amman 11193 Jordan Fax: (965) 2205 9191 Web: http://www.worldbank.org/ht Tel: +962 6 5103771 Web: http://www.worldbank.org/mna Fax: +962 6 5103777 Honduras Email: [email protected] Kyrgyz Republic Mr. Boris Weber Web: http://www.worldbank.org/en/country/jordan Mr. Naveed Hassan Naqvi The World Bank Group The World Bank Group Edificio Corporativo 777, 9th Floor * Kazakhstan 214, Moskovskaya Str., Colonia Lomas del Guijarro Sur Ms. Lilia Burunciuc Bishkek 720010, Kyrgyz Republic Tegucigalpa, Honduras The World Bank Group Tel: (996-312) 62 52 62 Tel: (504) 2264-0200 Central Asia Regional Office Fax: (996-312) 62 53 62 Fax: (504) 2239-4555 41/A Kazybek bi Street, 4th Floor E-mail: [email protected] E-mail: [email protected] 050010 Almaty, Republic of Kazakhstan Web: http://www.worldbank.org/kg Web: http://www.worldbank.org/hn Tel: (7-727) 377 - 8222 Fax: (7-727) 377 - 8276 Lao People’s Democratic Republic * India E-mail: [email protected] Mr. Nicola Pontara Mr. Junaid Kamal Ahmad The World Bank Group The World Bank Kazakhstan, Nur Sultan Xieng Ngeun Village, Chao Fa Ngum Road 70 Lodi Estate Mr. Jean-François Marteau Vientiane, Lao PDR New Delhi 110 003, India The World Bank Kazakhstan Country Office Tel: (856-21) 266200 Tel: (91-11) 41479301 / 49247000 12 Samal Microdistrict, 14th Floor Fax: (856-21) 266299 E-mail: [email protected] 010000 Nur Sultan, Republic of Kazakhstan E-mail: [email protected] Web: http://www.worldbank.org/in Tel: (7-7172) 691-451 Web: http://www.worldbank.org/lao Fax: (7-7172) 580 –342 India, Chennai E-mail: [email protected] * Lebanon Mr. Sunil Kumar (Center Manager, FPACH) Web :http:// www.worldbank.org/kz Mr. Saroj Kumar Jha The World Bank The World Bank Group Chennai – Shared Services Center * Kenya Bourie House 119, 5th Floor 11, Taramani Main Road Mr. Keith Hansen The World Bank Abdallah Bayhum Street Taramani, Chennai - 600113 Delta Center Marffaa, Solidere, P.O. Box 11-8577 India Menengai Road, Upper Hill Beirut, Lebanon Tel: (91-44) 2444 3324 Nairobi, Kenya Tel: (961-1) 963 300 Fax: (91-44) 2254 1019 (postal address: P.O. Box 30577-00100) Tel: (254-20) 293 6000 / 293 6442 Lesotho * Indonesia Fax: (254-20) 293 6380 / 2 Mr. Yoichiro Ishihara (Resident Representative) Ms. Satu Kahkonen E-mail: [email protected] The World Bank Country Office The World Bank Group Web: http://www.worldbank.org/ke Letseng Diamonds Building Indonesia Stock Exchange Building Cnr Kingsway & Old School Road Tower 2, 12th Floor (WB) and 9th Floor (IFC) Kiribati Maseru, Lesotho Sudirman Central Business District (SCBD) Ms. Akka Rimon Tel: (266) 22 21 7000 Jl. Jendral Sudirman Kav. 52-53 The World Bank Fax: (266) 22 21 7034 Jakarta 12190, Indonesia Unit 5-6 (top floor) E-mail: [email protected] Web: Tel: (62-21) 5299-3000 Tiarite Kwong Plaza, Main Road http://www.worldbank.org/lesotho Fax: (62-21) 5299-3111 Bairiki, Tarawa, E-mail: [email protected] Kiribati Liberia Web: http://www.worldbank.org/id Tel: (686) 75022040 / 75022083 Mr. Khwima Nthara Email: [email protected] The World Bank Group Iraq Web: http://www.worldbank.org/pacificislands German Embassy Compound Mr. Ramzi Neman, The World Bank Oldest Congo Town British Embassy Premises Republic of Korea Monrovia, Liberia Baghdad, Iraq Mr. Hoon Sahib Soh Tel: (231-886) 606-967 / 48 (postal Address: The World Bank Group, Republic of Korea E-mail: [email protected] C /O British Embassy 37F, Boo Young Songdo Tower 2, Web: http://www.worldbank.org/lr Baghdad/ Iraq 241, Incheon tower-daero World Bank Office Yeonsu-gu, Incheon, Korea 406840 North Macedonia Tel: + 964-782 788 3612 Tel: (82)-32-713-7001 Massimiliano Paolucci E-mail : [email protected] Fax: (82)-32-713-7040 The World Bank Web: http://www.worldbank.org/iq E-mail: [email protected] 34 Aminta Treti Street Web: http://www.worldbank.org/korea 1000 Skopje, North Macedonia Tel: (389-2) 5515 230; 3117-159 Fax:(389-2) 5515 240 Email: [email protected] Web: http://www.worldbank.org/mk ______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 September 29, 2020. Offices of the World Bank

Madagascar * Mexico Nepal Ms. Marie-Chantal Uwanyiligira Mr. Pablo Saavedra Mr. Faris H. Hadad-Zervos The World Bank Group Banco Mundial The World Bank Group Rue Andriamifidy L. Razafimanantsoa Insurgentes Sur 1605, Piso 24 Yak & Yeti Hotel Complex Anosy (près du Ministère des Affaires Etrangères) San Jose Insurgentes Durbar Marg Antananarivo 101, Madagascar 03900 Mexico, D. F., Mexico Kathmandu, Nepal (postal address: B. P. 4140) Tel: (52-55) 5480-4200 (postal address: P.O. Box 798) Tel: (261-20) 225 6000 Fax: (52-55) 5480-4222 Tel: (977-1) 4236000 Fax: (261-20) 223 3338 E-mail: [email protected] Fax: (977-1) 4225112 E-mail: [email protected] Web: http://www.worldbank.org/mx E-mail: [email protected] Web: http://www.worldbank.org/madagascar Web: http://www.worldbank.org/np Moldova Malawi Ms. Anna Akhalkatsi Nicaragua Mr. Hugh Riddell The World Bank Mrs. Katherine M. Scott (Kinnon) The World Bank 20/1, Pushkin St. MD-2012 The World Bank Group Mulanje House Chisinau, Republic of Moldova Plaza Santo Domingo Plot 13/57 Off Presidential Way, City Centre Tel: (373-22) 262 245 Kilómetro 6.5 Carretera a Masaya Lilongwe 3, MalawiTel: (265-1) 770 611 Fax: (373-22) 262 236 Edificio Cobirsa, Quinto Piso Fax: (265-1) 771 158 / 773 908 E-mail: [email protected] Managua, Nicaragua E-mail: [email protected] Web: http://www.worldbank.org/md Tel: (505) 2270-0000 Web: http://www.worldbank.org/mw Fax: (505) 2270-0077 Mongolia E-mail: [email protected] Malaysia Mr. Andrei Mikhnev Web: http://www.worldbank.org/ni Mr. Firas Raad The World Bank Group The World Bank Group MCS Plaza Building (WB 5th Floor/IFC 4th Floor) Niger Knowledge and Research Hub 4 Seoul Street Ms. Joelle Dehasse, Banque mondiale Level 3, Sasana Kijang, No. 2 Jalan Dato Onn 14250 Ulaanbaatar, Mongolia 187, rue des Dallols 50480 Kuala Lumpur, Malaysia Tel: (976) 7007-8200 B. P. 12402 Tel: (603) 2263-4901 Fax: (976) 7007-8215 Niamey, Niger Fax: (603) 2263-4949 E-mail: [email protected] Tel: (227) 20 72 75 01 Email: [email protected] Web: http://www.worldbank.org/mn Fax: (227) 20 72 55 06 Website: www.worldbank.org/malaysia E-mail: [email protected] Montenegro Web: http://www.worldbank.org/en/country/niger Maldives Mr. Emanuel Salinas Ms. Chiyo Kanda The World Bank * Nigeria The World Bank Bul. Dzordza Vasingtona 98 Mr. Shubham Chaudhuri The World Bank Hotel Jen 81000 Podgorica 102, Yakubu Gowon Crescent 4th Floor, Room 404 Montenegro Opposite ECOWAS Secretariat Ameer Ahmed Magu Tel: (382-20) 665 353 Asokoro District Male’, Republic of Maldives Fax: (387-33) 403 295 Abuja, Nigeria Tel +960 3300888 E-mail: [email protected] (postal address: P.O. Box 2826, Garki) E-Mail: [email protected] Web: Tel: (234) 8058205408; 8058205422 Web: https://www.worldbank.org/en/country/montenegro Tel : (234) 7035830641-44; 7089996090-1 https://www.worldbank.org/en/country/maldives Fax: (234-9) 314-526 * Morocco E-mail: [email protected] Web: * Mali Mr. Jesko Hentschel http://www.worldbank.org/ng Ms. Soukeyna Kane The World Bank Group Banque mondiale 7, rue Larbi Ben Abdellah * Pakistan Immeuble Waly Diawara, Rabat-Souissi, Morocco Mr. Najy Benhassine Hamdallaye ACI – 2000 Tel: +212-537 54 42 00 The World Bank Group Avenue du Mali Fax: +212-537 54 42 01 20 A Shahrah-e-Jamhuriyat Bamako, Mali E-mail: [email protected] Sector G-5/1, Islamabad, Pakistan (postal address: B. P. 1864) Web: http://www.worldbank.org/matunis (WB postal address: P.O. Box 1025) Tel: (223) 20 70 22 00 (IFC postal address: Post Bag 3033) E-mail: [email protected] * Mozambique Tel: (92-51) 90 90 000 Web: http://www.worldbank.org/en/country/mali Ms. Idah Pswarayi-Riddihough Fax: (92-51) 227 9648 / 9 The World Bank Group E-mail: [email protected] Mauritania Avenue Kenneth Kaunda, 1224 Web: http://www.worldbank.org.pk Ms. Cristina Isabel Panasco Santos Banque Maputo, Mozambique Mondiale (postal address: Caixa Postal 4053) Panama Lot N. 02 F Nord Liaison Ksar, Boite Postale 667 Tel: (258-21) 482 300 Mr. Abel Caamaño Nouakchott, Mauritanie Fax: (258-21) 492 893 The World Bank Tel: (222) 45-25-10-17 E-mail: [email protected] Web: Avenida Aquilino De La Guardia y calle 47 Fax: (222) 45 25-13-34 http://www.worldbank.org/mz Marbella E-mail: [email protected] Edificio Ocean Business Plaza Web: http://www.worldbank.org/mauritania Myanmar Piso 21, Oficina 2111 Ms. Mariam Sherman Panamá City, Panamá Mauritius The World Bank Group Tel: (507) 831-2000 Mr. Erik von Uexkull (Senior Economist) The World 221 Sule Pagoda Road Fax: (507) 831-2011 Bank Liaison Office 21st Floor, Sule Square E-mail: [email protected] 3rd Floor Médine Mews Kyauktada Township Web: http://www.worldbank.org/panama Chaussée Street Yangon, Myanmar Port-Louis, Mauritius Tel: (95-1) 925 5030 Tel: (230) 203 2500 Fax: (95-1) 925 5031 Fax: (230) 208 0502 E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/myanmar Web: http://www.worldbank.org/mauritius

Papua New Guinea Rwanda * Singapore Mr. Stefano Mocci Ms. Rolande Pryce Ms. Jyoti Shukla Suite 1, Level 3, PWC Haus, Allotment 34, Section The World Bank Group The World Bank Group 44 Granville, Blvd. de la Révolution Marina Bay Financial Centre, Tower 2, #12-01 Port Moresby, National Capital District SORAS Building 10 Marina Boulevard Papua New Guinea Kigali, Rwanda Singapore 018983 (postal address: P.O. Box 1877) (postal address: P.O. Box 609) Tel: (65) 6517-1240 Tel: (675) 321-7111 Tel: (250) 252 591 300 Fax: (65) 6517 1244 Fax: (675) 321-7730 Fax: (250) 252 591 385 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/sg Web: http://www.worldbank.org/png Web: http://www.worldbank.org/rwanda Solomon Islands Paraguay Samoa Ms. Annette Leith Mrs. Matilde Bordón Ms. Maeva Betham-Va’ai The World Bank Group Banco Mundial The World Bank Group 1st Floor Heritage Park Commercial Building Av. España 2028 c/ Av. Brasilia 5o. Piso Level 7, Central Bank Building Mendana Avenue Edificio Urano Beach Road Honiara, Solomon Islands Asunción, Paraguay Apia, Samoa (postal address: GPO Box 1744) Tel: (595-21) 218-1000 (postal address: PO Box 3999) Tel: (677) 21444 E-mail: [email protected] Tel: (685) 24492 / 24732 Fax: (677) 21448 Web: http://www.worldbank.org/py E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/pacificislands Web: http://www.worldbank.org/pacificislands * Peru Mrs. Marianne Fay São Tomé e Príncipe Somalia The World Bank Group Mr. Olivier J. Lambert Ms. Kristina Svensson Av. Alvarez Calderón 185, Piso 7 Banco Mundial World Bank Liaison Office San Isidro Avenida das Nações Unidas c/o The World Bank Group Lima 27, Peru Prédio das Nações Unidas Delta Center, Menengai Road, Upper Hill Tel: (511) 622-2300 C.P. 109 Nairobi, Kenya E-mail: [email protected] São Tomé, São Tomé e Príncipe (Postal Address: P.O. Box 30577-00100) Web: http://www.worldbank.org/pe Tel: (239) 222-1122 / 1123 Tel: (254-20) 293-6061 E-mail: [email protected] Fax: (254-20) 322 6382 * Philippines Web: http://worldbank.org/saotome Email: [email protected] Mr. Ndiamé Diop The World Bank Group * Saudi Arabia * South Africa, Pretoria 26th Floor, One Global Place Mr. Issam Abousleiman Ms. Marie Francoise Marie-Nelly 5th Avenue corner 25th Street The World Bank Group The World Bank Bonifacio Global City 1st Floor, UNDP Building, Diplomatic Quarter 442 Rodericks Road Taguig City, Philippines Riyadh, Saudi Arabia Corner Lynnwood and Rodericks Roads, 0081 Tel: (63-2) 465-2500 (postal address: P.O. Box 5900, Pretoria, South Africa Fax: (63-2) 465-2505 Riyadh 11432, Saudi Arabia) (postal address: P.O. Box 12629, E-mail: [email protected] Tel: (966-1) 483-4956 Hatfield 0028, Pretoria) Web: http://www.worldbank.org/ph Fax: (966-1) 488-5311 Tel: (27-12) 742 3100 E-mail: [email protected] Fax: (27-12) 742 3134 Poland Web: http://www.worldbank.org/sa E-mail: [email protected] Mr. Marcus Heinz Web: http://www.worldbank.org/za The World Bank Group * Senegal 53, Emilii Plater St. Mr. Nathan M. Belete Bureau de la Banque mondiale South Sudan, Juba Warsaw Financial Center, 15th Floor Corniche Ouest X Rue Leon Gontran Damas Mr. Husam Abudagga 00-113 Warsaw, Poland BP 3296 The World Bank Group Tel: (48-22) 520 8000 Dakar, Senegal Ministries Complex Fax: (48-22) 520 8001 Tel: (221) 33-859-4100 CPA Road, Adjacent to Ministry of Health E-mail: [email protected] Fax: (221) 33-859-4283 Juba, South Sudan Web: http:/www.worldbank.org/pl/ E-mail: [email protected] Tel: (+211)922206642/43/44 Web: http://www.worldbank.org/senegal E-mail: [email protected] Romania Web: http://www.worldbank.org/southsudan Ms. Tatiana Proskuryakova Serbia, Republic of The World Bank Group Mr. Stephen Ndegwa * Sri Lanka UTI Building, 6th floor The World Bank Group Ms. Chiyo Kanda 31 Vasile Lascar Street, Sector 2 86 Bulevar Kralja Aleksandra Street The World Bank Bucharest, Romania 020492 11000 Belgrade 6th Floor, Hilton Colombo Tel: (40-21) 201-0311 Tel +381 11 3023 700 2, Chittampalam A. Gardiner Mawatha Fax: (40-21) 201-0338 E-mail [email protected] Colombo 2 E-mail: [email protected] Web: http://www.worldbank.rs Tel: +94115561300 Web: http://www.worldbank.org/romania Fax: +94-11-2440357 Sierra Leone E-Mail: [email protected] * Russian Federation Dr. Gayle H. Martin Web: Mr. Apurva Sanghi, The World Bank Group The World Bank Group https://www.worldbank.org/en/country/srilanka 36/1 Bolshaya Molchanovka st., 17 Spur Road 121069 Moscow, Russia Freetown, Sierra Leone Sudan, Khartoum Tel: (7-495) 745-70-00 Tel: (232-22) 227555 Ms. Milena Stefanova Fax: (7-495) 745-70-02 Tel: (232-76) 806467, 806468 The World Bank E-mail: [email protected] Fax: (232-22) 228555 Plot 39, Street 39, Khartoum East (II) Web: http://www.worldbank.org/russia E-mail : [email protected] Khartoum, Sudan Web: (postal address: P.O. 229, 11111) http://www.worldbank.org/en/country/sierraleone Tel: (249) 156 553 000 Fax: (249)156 553 064 E-mail: [email protected] 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 September 29, 2020. Offices of the World Bank

Tajikistan * Turkey Uzbekistan Mr. Jan-Peter Olters The World Bank Group Mr. Auguste Kouame Mr. Marco Mantovanelli 48, Ayni Str. The World Bank The World Bank Group Business Center "Sozidanie", block A, 3rd Floor Ugur Mumcu Caddesi No.88, Kat: 2 International Business Center, 15th floor 734024, Dushanbe, Tajikistan 06700 Gaziosmanpasa 107 B, Amir Timur Street Tel: (992-48) 701 58 00/10 Ankara, Turkey Tashkent 100084, Uzbekistan Fax: (992-48) 701 58 37 Tel: (90-312) 459 83 00 Tel: (998-71) 120 2400 E-mail: [email protected] Fax: (90-312) 446 24 42 Fax: (998-71) 120 2401/02 Web: http://www.worldbank.org/tajikistan [email protected] E-mail: [email protected] Web: http://www.worldbank.org/tr Web: http://www.worldbank.org/uz * Tanzania Ms. Mara Warwick Tuvalu Vanuatu The World Bank Mr. Fakavae Taomia Ms. Leisande Otto 50 Mirambo Street The World Bank Office The World Bank Group Dar-es-Salaam, Tanzania Partnership House Level 5, Reserve Bank of Vanuatu Building (postal address: P.O. Box 2054) c/- Ministry of Finance Brunet Street Tel: (255-22) 2163200 Vaiaku, Funafuti, Tuvalu Port Vila, Vanuatu Fax: (255-22) 2113039, 2163295 Tel: (688) 7105445 (postal address: P.O. Box 3221) E-mail: [email protected] Fax: N/A Tel: (678) 25581 Web: www.worldbank.org/tanzania E-mail: [email protected] Fax: (678) 22636 Web: http://www.worldbank.org/pacificislands E-mail: [email protected] * Thailand Web: http://www.worldbank.org/pacificislands Ms. Birgit Hansl, The World Bank Turkmenistan 30th Floor, Siam Tower Mr. Jan-Peter Olters * Vietnam 989 Rama 1 Road, Pathumwan The World Bank Liaison Office Ms. Carolyn Turk Bangkok 10330, Thailand UN Building, 21 Archabil Avenue The World Bank Tel: (66-2) 686-8300 Ashgabat 744036, Turkmenistan 63 Ly Thai To, 2nd Floor, Hoan Kiem District Fax: (66-2) 686-8301 Tel: (993-12) 48 74 50 Hanoi, Vietnam E-mail: [email protected] E-mail: [email protected] Tel: (84-4) 3934-6600 Web: http://www.worldbank.org/thailand Web: http://www.worldbank.org/tm Fax: (84-4) 3935-0752 / 3 E-mail: [email protected] Timor-Leste UAE – Abu Dhabi Web: http://www.worldbank.org/vietnam Mr. Macmillan Anyanwu Mr. Jamal Kibbi The World Bank Group Resident Representative, the World Bank Group * West Bank and Gaza Building D, 3rd Floor AL Maryah Island, ADGM Square, Al Maqam Tower, Mr. Kanthan Shankar Palm Business and Trade Center Floor 7 The World Bank Group Surik Mas, Municipio Dili, Timor-Leste P. O. Box 764634, Abu Dhabi – UAE P.O. Box.54842 Tel: (670) 332-4649 Tel: (971) 2 245 4700 Jerusalem, 97200 E-mail: [email protected] Email: [email protected] Tel: (972-2) 236 6500 Web: http://www.worldbank.org/tl Web: http://www.worldbank.org/mna Fax: (972-2) 236 6543 Gaza Tel: (972-8) 282 3422 Togo Uganda Gaza Fax: (972-8) 282 4296 Ms. Hawa Cisse Wague Mr. Antony Thompson E-mail: [email protected] Banque Mondiale The World Bank Group Web: http://www.worldbank.org/ps Cité de l'OUA Plot 1, Lumumba Avenue (entre la Résidence Ambassadeur du Ghana et la Rwenzori House, 4th Floor Yemen Transitional CO in Amman-Jordan Primature) Kampala, Uganda Ms. Tania Meyer Lomé, Togo (postal address: P.O. Box 4463) The World Bank Group (postal address: Boite Postale 3915) Tel: (256-414) 302200 The Atrium Building Tel: 22 53 67 00 Fax: (256-414) 230-092 1 Rafiq Al-Hariri Avenue E-mail: [email protected] E-mail: [email protected] 5th Floor, Abdali Web: http://www.worldbank.org/tg Web: http://www.worldbank.org/uganda P.O. Box 930375, Amman 11193 Jordan Tonga * Ukraine Tel: (962-6) 5633701 or 3781 Ms. Natalia Palu Latu Mr. Arup Banerji E-mail: [email protected] The World Bank Group The World Bank Level 3, Suite 3 1, Dniprovsky Uzviz Zambia National Reserve Bank Building Kyiv 01010, Ukraine Mr. Sahr John Kpundeh Salote Road, Nuku’alofa, Tonga Tel: (380-44) 490 6671 The World Bank (postal address: P.O. Box 87) Fax: (380-44) 490 6670 Atlas Mara House Tel: (676) 22251 / 26318 E-mail: [email protected] Plot #746 Church Road Email : [email protected] Web: http://www.worldbank.org/ua P.O. Box 35410 Web: http://www.worldbank.org/pacificislands Lusaka, Zambia Uruguay Tel: (260-21) 137-3200 Tunisia Ms. Celia Ortega Sotes Fax: (260-21) 137-3248 Mr. Antonius Verheijen The World Bank E-mail: [email protected] Immeuble le Boulevard, 3ème étage, Victoria Plaza Office Tower – Plaza Independencia Web: http://www.worldbank.org/zm Cité les Pins 759, 14 floor - Montevideo, Uruguay Les Jardins du Lac II Tel: (598) 2905.2300 Zimbabwe 1053 Tunis Fax: (598) 2905.2301 Ms. Rosemary Mukami Kariuki Tel: +216 -71 96 71 97 / +216-74 96 71 87 E-mail: [email protected] The World Bank Fax: +216-71 96 71 98E-mail: Web: http://www.worldbank.org/uy Block 3, Arundel Business Park [email protected] 107 Norfolk Road, Mount Pleasant Web: http://www.worldbank.org/tn Harare, Zimbabwe (postal address: P.O. Box 2960) Tel: (263-242) 7633-3200 Fax: (263-242) 7633-3265 E-mail: [email protected] Web: http://www.worldbank.org.zw/ ______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 September 29, 2020. International Bank for Reconstruction and Development Membership | June 30, 2020

Member Date of membership

Afghanistan July 14, 1955 Albania October 15, 1991 Algeria September 26, 1963 Angola September 19, 1989 Antigua and Barbuda September 22, 1983 Argentina September 20, 1956 Armenia September 16, 1992 Australia August 5, 1947 Austria August 27, 1948 Azerbaijan September 18, 1992 Bahamas, The August 21, 1973 Bahrain September 15, 1972 Bangladesh August 17, 1972 Barbados September 12, 1974 Belarus July 10, 1992 Belgium December 27, 1945 Belize March 19, 1982 Benin July 10, 1963 Bhutan September 28, 1981 Bolivia December 27, 1945 Bosnia and Herzegovina February 25, 1993 Botswana July 24, 1968 Brazil January 14, 1946 Brunei Darussalam October 10, 1995 Bulgaria September 25, 1990 Burkina Faso May 2, 1963 Burundi September 28, 1963 Cabo Verde November 20, 1978 Cambodia July 22, 1970 Cameroon July 10, 1963 Canada December 27, 1945 Central African Republic July 10, 1963 Chad July 10, 1963 Chile December 31, 1945 China December 27, 1945 Colombia December 24, 1946 Comoros October 28, 1976 Congo, Dem. Rep. September 28, 1963 Congo, Rep. July 10, 1963 Costa Rica January 8, 1946 Côte d'Ivoire March 11, 1963 International Bank for Reconstruction and Development Membership | June 30, 2020

Member Date of membership Croatia February 25, 1993 Cyprus December 21, 1961 Czech Republic January 1, 1993 Denmark March 30, 1946 Djibouti October 1, 1980 Dominica September 29, 1980 Dominican Republic September 18, 1961 Ecuador December 28, 1945 Egypt, Arab Rep. December 27, 1945 El Salvador March 14, 1946 Equatorial Guinea July 1, 1970 Eritrea July 6, 1994 Estonia June 23, 1992 Eswatini September 22, 1969 Ethiopia December 27, 1945 Fiji May 28, 1971 Finland January 14, 1948 France December 27, 1945 Gabon September 10, 1963 Gambia, The October 18, 1967 Georgia August 7, 1992 Germany August 14, 1952 Ghana September 20, 1957 Greece December 27, 1945 Grenada August 27, 1975 Guatemala December 28, 1945 Guinea September 28, 1963 Guinea-Bissau March 24, 1977 Guyana September 26, 1966 Haiti September 8, 1953 Honduras December 27, 1945 Hungary July 7, 1982 Iceland December 27, 1945 India December 27, 1945 Indonesia April 13, 1967 Iran, Islamic Rep. December 29, 1945 Iraq December 27, 1945 Ireland August 8, 1957 Israel July 12, 1954 Italy March 27, 1947 Jamaica February 21, 1963 International Bank for Reconstruction and Development Membership | June 30, 2020

Member Date of membership Japan August 13, 1952 Jordan August 29, 1952 Kazakhstan July 23, 1992 Kenya February 3, 1964 Kiribati September 29, 1986 Korea, Rep. August 26, 1955 Kosovo June 29, 2009 Kuwait September 13, 1962 Kyrgyz Republic September 18, 1992 Lao PDR July 5, 1961 Latvia August 11, 1992 Lebanon April 14, 1947 Lesotho July 25, 1968 Liberia March 28, 1962 Libya September 17, 1958 Lithuania July 6, 1992 Luxembourg December 27, 1945 North Macedonia February 25, 1993 Madagascar September 25, 1963 Malawi July 19, 1965 Malaysia March 7, 1958 Maldives January 13, 1978 Mali September 27, 1963 Malta September 26, 1983 Marshall Islands May 21, 1992 Mauritania September 10, 1963 Mauritius September 23, 1968 Mexico December 31, 1945 Micronesia, Fed. Sts. June 24, 1993 Moldova August 12, 1992 Mongolia February 14, 1991 Montenegro January 18, 2007 Morocco April 25, 1958 Mozambique September 24, 1984 Myanmar January 3, 1952 Namibia September 25, 1990 Nauru April 12, 2016 Nepal September 6, 1961 Netherlands December 27, 1945 New Zealand August 31, 1961 Nicaragua March 14, 1946 International Bank for Reconstruction and Development Membership | June 30, 2020

Member Date of membership Niger April 24, 1963 Nigeria March 30, 1961 Norway December 27, 1945 Oman December 23, 1971 Pakistan July 11, 1950 Palau December 16, 1997 Panama March 14, 1946 Papua New Guinea October 9, 1975 Paraguay December 28, 1945 Peru December 31, 1945 Philippines December 27, 1945 Poland June 27, 1986 Portugal March 29, 1961 Qatar September 25, 1972 Romania December 15, 1972 Russian Federation June 16, 1992 Rwanda September 30, 1963 Samoa June 28, 1974 San Marino September 21, 2000 São Tomé and Príncipe September 30, 1977 Saudi Arabia August 26, 1957 Senegal August 31, 1962 Serbia February 25, 1993 Seychelles September 29, 1980 Sierra Leone September 10, 1962 Singapore August 3, 1966 Slovak Republic January 1, 1993 Slovenia February 25, 1993 Solomon Islands September 22, 1978 Somalia August 31, 1962 South Africa December 27, 1945 South Sudan April 18, 2012 Spain September 15, 1958 Sri Lanka August 29, 1950 St. Kitts and Nevis August 15, 1984 St. Lucia June 27, 1980 St. Vincent and the Grenadines August 31, 1982 Sudan September 5, 1957 Suriname June 27, 1978 Sweden August 31, 1951 Switzerland May 29, 1992 International Bank for Reconstruction and Development Membership | June 30, 2020

Member Date of membership Syrian Arab Republic November 2, 1961 Tajikistan June 4, 1993 Tanzania September 10, 1962 Thailand May 3, 1949 Timor-Leste July 23, 2002 Togo August 1, 1962 Tonga September 13, 1985 Trinidad and Tobago September 16, 1963 Tunisia April 14, 1958 Turkey March 11, 1947 Turkmenistan September 22, 1992 Tuvalu June 24, 2010 Uganda September 27, 1963 Ukraine September 3, 1992 United Arab Emirates September 22, 1972 United Kingdom December 27, 1945 United States December 27, 1945 Uruguay March 11, 1946 Uzbekistan September 21, 1992 Vanuatu September 28, 1981 Venezuela, RB December 30, 1946 Vietnam September 21, 1956 Yemen, Rep. October 3, 1969 Zambia September 23, 1965 Zimbabwe September 29, 1980

Total members: 189

International Development Association Membership | June 30, 2020

Member Date of membership Afghanistan February 2, 1961 Albania October 15, 1991 Algeria September 26, 1963 Angola September 19, 1989 Argentina August 3, 1962 Armenia August 25, 1993 Australia September 24, 1960 Austria June 28, 1961 Azerbaijan March 31, 1995 Bahamas, The June 23, 2008 Bangladesh August 17, 1972 Barbados September 29, 1999 Belgium July 2, 1964 Belize March 19, 1982 Benin September 16, 1963 Bhutan September 28, 1981 Bolivia June 21, 1961 Bosnia and Herzegovina February 25, 1993 Botswana July 24, 1968 Brazil March 15, 1963 Burkina Faso May 13, 1963 Burundi September 28, 1963 Cabo Verde November 20, 1978 Cambodia July 22, 1970 Cameroon April 10, 1964 Canada September 24, 1960 Central African Republic August 27, 1963 Chad November 7, 1963 Chile December 30, 1960 China September 24, 1960 Colombia June 16, 1961 Comoros December 9, 1977 Congo, Dem. Rep. September 28, 1963 Congo, Rep. November 8, 1963 Costa Rica June 30, 1961 Côte d'Ivoire March 11, 1963 Croatia February 25, 1993 Cyprus March 2, 1962 Czech Republic January 1, 1993 Denmark November 30, 1960 Djibouti October 2, 1980 International Development Association Membership | June 30, 2020

Member Date of membership Dominica September 29, 1980 Dominican Republic November 16, 1962 Ecuador November 7, 1961 Egypt, Arab Rep. October 26, 1960 El Salvador April 23, 1962 Equatorial Guinea April 5, 1972 Eritrea July 6, 1994 Estonia October 11, 2008 Eswatini September 22, 1969 Ethiopia April 11, 1961 Fiji September 29, 1972 Finland December 29, 1960 France December 30, 1960 Gabon November 4, 1963 Gambia, The October 18, 1967 Georgia August 31, 1993 Germany September 24, 1960 Ghana December 29, 1960 Greece January 9, 1962 Grenada August 28, 1975 Guatemala April 27, 1961 Guinea September 26, 1969 Guinea-Bissau March 25, 1977 Guyana January 4, 1967 Haiti June 13, 1961 Honduras December 23, 1960 Hungary April 29, 1985 Iceland May 19, 1961 India September 24, 1960 Indonesia August 20, 1968 Iran, Islamic Rep. October 10, 1960 Iraq December 29, 1960 Ireland December 22, 1960 Israel December 22, 1960 Italy September 24, 1960 Japan December 27, 1960 Jordan October 4, 1960 Kazakhstan July 23, 1992 Kenya February 3, 1964 Kiribati October 2, 1986 Korea, Rep. May 18, 1961 International Development Association Membership | June 30, 2020

Member Date of membership Kosovo June 29, 2009 Kuwait September 13, 1962 Kyrgyz Republic September 24, 1992 Lao PDR October 28, 1963 Latvia August 11, 1992 Lebanon April 10, 1962 Lesotho September 19, 1968 Liberia March 28, 1962 Libya August 1, 1961 Lithuania September 23, 2011 Luxembourg June 4, 1964 North Macedonia February 25, 1993 Madagascar September 25, 1963 Malawi July 19, 1965 Malaysia September 24, 1960 Maldives January 13, 1978 Mali September 27, 1963 Marshall Islands January 19, 1993 Mauritania September 10, 1963 Mauritius September 23, 1968 Mexico April 24, 1961 Micronesia, Fed. Sts. June 24, 1993 Moldova June 14, 1994 Mongolia February 14, 1991 Montenegro January 18, 2007 Morocco December 29, 1960 Mozambique September 24, 1984 Myanmar November 5, 1962 Nepal March 6, 1963 Netherlands June 30, 1961 New Zealand October 1, 1974 Nicaragua December 30, 1960 Niger April 24, 1963 Nigeria November 14, 1961 Norway September 24, 1960 Oman February 20, 1973 Pakistan September 24, 1960 Palau December 16, 1997 Panama September 1, 1961 Papua New Guinea October 9, 1975 Paraguay February 10, 1961 International Development Association Membership | June 30, 2020

Member Date of membership Peru August 30, 1961 Philippines October 28, 1960 Poland June 28, 1988 Portugal December 29, 1992 Romania April 12, 2014 Russian Federation June 16, 1992 Rwanda September 30, 1963 Samoa June 28, 1974 São Tomé and Príncipe September 30, 1977 Saudi Arabia December 30, 1960 Senegal August 31, 1962 Serbia February 25, 1993 Sierra Leone November 13, 1962 Singapore September 27, 2002 Slovak Republic January 1, 1993 Slovenia February 25, 1993 Solomon Islands July 21, 1980 Somalia August 31, 1962 South Africa October 12, 1960 South Sudan April 18, 2012 Spain October 18, 1960 Sri Lanka June 27, 1961 St. Kitts and Nevis October 23, 1987 St. Lucia April 28, 1982 St. Vincent and the Grenadines August 31, 1982 Sudan September 24, 1960 Sweden September 24, 1960 Switzerland May 29, 1992 Syrian Arab Republic June 28, 1962 Tajikistan June 4, 1993 Tanzania November 6, 1962 Thailand September 24, 1960 Timor-Leste July 23, 2002 Togo August 21, 1962 Tonga October 23, 1985 Trinidad and Tobago October 30, 1972 Tunisia December 30, 1960 Turkey December 22, 1960 Tuvalu June 24, 2010 Uganda September 27, 1963 Ukraine May 27, 2004 International Development Association Membership | June 30, 2020

Member Date of membership United Arab Emirates December 23, 1981 United Kingdom September 24, 1960 United States September 24, 1960 Uzbekistan September 24, 1992 Vanuatu September 28, 1981 Vietnam September 24, 1960 Yemen, Rep. May 22, 1970 Zambia September 23, 1965 Zimbabwe September 29, 1980

Total members: 173

Country Eligibility for Borrowing from the World Bank | June 30, 2020 U.S. dollars

A. IBRD only a

Category iv (per capita income over $6,975) St. Kitts and Nevis 18,640 Nauru g 11,240 Palau 16,910 Malaysia 10,460 Trinidad and Tobago 16,240 Turkey 10,380 Antigua and Barbuda 15,810 Russian Federation f 10,230 Uruguay 15,650 China 9,470 Seychelles 15,600 Mexico 9,180 Chile 14,670 Brazil 9,140 Panama 14,370 Bulgaria 8,860 Poland 14,150 Montenegro 8,400 Croatia 13,830 Kazakhstan 7,830 Argentina 12,370 Botswana 7,750 Mauritius 12,030 Lebanon g 7,690 Costa Rica 11,510 Dominican Republic 7,370 Romania 11,290 Equatorial Guinea 7,050

Category iii (per capita income over $1,175 - $6,975) Gabon 6,800 Armenia 4,230 Turkmenistan 6,740 Jordan g 4,210 Thailand 6,610 Georgia 4,130 Peru 6,530 Algeria 4,060 Serbia 6,390 Sri Lanka e 4,060 Libya 6,330 Azerbaijan 4,050 Colombia 6,190 Eswatini 3,850 Ecuador 6,120 Indonesia 3,840 South Africa 5,720 Philippines 3,830 Bosnia and Herzegovina 5,690 El Salvador 3,820 Paraguay 5,680 Tunisia 3,500 Belarus 5,670 Angola 3,370 North Macedonia 5,450 Bolivia e 3,370 Namibia 5,250 Morocco 3,090 Iraq g 5,030 Egypt, Arab Republic of 2,800 Jamaica 4,990 Ukraine f 2,660 Suriname 4,990 Vietnam e 2,400 Albania 4,860 India 2,020 Belize 4,720 Iran, Islamic Republic of .. Guatemala 4,410 Venezuela, RB de ..

B. Blend b

Category iv (per capita income over $6,975) Grenada d 9,780 St. Vincent and the Grenadines d 7,940 St. Lucia d 9,460 Dominica d 7,210

Category iii (per capita income over $1,175 - $6,975) Fiji d 5,860 Timor-Leste h 1,820 Mongolia 3,580 Zimbabwe c 1,790 Cabo Verde d 3,450 Congo, Republic of 1,640 Moldova 2,990 Kenya 1,620 Papua New Guinea 2,530 Pakistan 1,580 Uzbekistan 2,020 Cameroon 1,440 Nigeria 1,960

C. IDA only b

Category iv (per capita income over $6,975) Maldives d 9,310

Category iii (per capita income over $1,175 - $6,975) Tuvalu d 5,430 Nicaragua 2,030 Guyana h 4,760 Solomon Islands d 2,000 Marshall Islands d 4,740 Sao Tome and Principe d 1,890 Tonga d 4,300 Bangladesh 1,750 Kosovo 4,230 Cote d'Ivoire 1,610 Samoa d 4,190 Sudan c 1,560 Micronesia, Fed. Sts. Of d 3,580 Zambia 1,430 Kiribati d 3,140 Senegal 1,410 Bhutan h 3,080 Cambodia 1,380 Vanuatu d 2,970 Lesotho 1,380 Lao PDR 2,460 Comoros i 1,320 Honduras 2,330 Myanmar 1,310 Djibouti h 2,180 Kyrgyz Republic 1,220 Ghana 2,130 Mauritania 1,190

Category i (per capita income $1,025 or less) Tanzania 1,020 Uganda 620 Tajikistan 1,010 Liberia 600 Nepal 960 Afghanistan 550 Yemen, Republic of 960 Sierra Leone 500 Benin 870 Congo, Democratic Republic of 490 Guinea 830 Central African Republic 480 Mali 830 Madagascar 440 Haiti 800 Mozambique 440 Ethiopia 790 Niger 380 Rwanda 780 Malawi 360 Guinea-Bissau 750 Burundi 280 Gambia, The 700 Eritrea c N/A Burkina Faso 660 Somalia N/A Chad 660 South Sudan N/A Togo 650 Syrian Arab Republic c, g N/A

Note: N/A = not applicable—estimates are available in ranges only.

Changes during current fiscal year (FY20)

1. Fiji has been reclassified from IBRD-only to Blend Country, effective July 1, 2019. 2. Somalia has been removed from the list of countries with loans/credits in nonaccrual status, effective March 5, 2020.

Changes during previous fiscal year (FY19)

1. The official name of the Kingdom of Swaziland changed to the Kingdom of Eswatini. 2. The official name of the former Yugoslav Republic of Macedonia changed to the Republic of North Macedonia.

Notes

a. World Bank Atlas methodology; 2018 per capita GNI (Gross National Income, formerly GNP) figures are in U.S. dollars. b. Countries are eligible for IDA resources on the basis of (a) relative poverty and (b) lack of creditworthiness. The operational cut-off for IDA eligibility for FY20 is a 2018 GNI per capita of US$1,175, using Atlas methodology. To receive IDA resources, countries must also meet tests of performance. An exception has been made for some Small Island Economies. In exceptional circumstances, IDA extends eligibility temporarily to countries that are above the operational cut-off. c. Loans/credits in nonaccrual status as of July 1, 2019. General information on IBRD and IDA countries with loan/credits in nonaccrual status is available from the IBRD Credit Risk (CROCR) and Development Finance Corporate IDA and IBRD (DFCII) Departments, respectively. d. The country is granted the status of an IDA-only Country under the Small Island Economies Exception and receives financing on IDA small economy terms. e. During IDA18 Bolivia, Sri Lanka and Vietnam receive exceptional transitional support from IDA. f. These calculations are based on numbers and data from official statistics of Ukraine and the Russian Federation; by relying on those numbers and data, the Bank does not intend to make any judgment on the legal or other status of the territories concerned or to prejudice the final determination of the parties' claims. g. From FY17, refugees are included in the population estimates of host country. h. The country is an IDA-eligible Small State Economy that is not an island state. Effective July 1, 2017, IDA Financing is on small economy terms. If IBRD financing is provided, Small State Economies receive an exemption from the increase in IBRD's maturity premium in accordance with Section III 1.a. ii. F of the Bank Policy, “Financial Terms and Conditions of Bank Financing.” i. IDA-only Country that is also a Small Island Economy, therefore receives IDA Financing on small economy terms.

World Bank Expenditures by Organizational Unit l Fiscal 2016–20 millions of dollars Actuals a By Organizational Unit 2016 2017 2018 b 2019 2020 Operational units 1,364.7 1,419.7 1,649.1 1,744.3 1,782.1 of which Regional Programs 369.9 390.5 442.8 451.8 391.8 Global Practices and Global Themes 994.7 1,029.2 1,206.3 1,292.5 1,390.3 Institutional services c 453.7 436.4 506.8 509.5 505.8 Governance services d 188.1 191.9 211.0 212.1 206.1 Administrative services e 536.9 544.2 587.6 595.9 606.7 Centrally-managed accounts and programs f 353.0 344.0 74.7 80.0 61.4 Grant-making facilities 66.4 44.6 35.0 34.9 35.0 Total gross administrative budget 2,962.7 2,980.7 3,064.1 3,176.7 3,197.2 Reimbursements, fees, others (492.9) (484.9) (536.2) (574.2) (605.9) Total administrative budget 2,469.8 2,495.8 2,527.9 2,602.5 2,591.3 a. The figures reported for each fiscal year represent the current organizational unit structure and may not always match the figures published in previous reports due to organizational changes and unit re-configurations. Additionally, these figures represent actuals as per management accounting, and may differ from figures presented for financial accounting and reporting purposes that are in compliance with the United States' Generally Accepted Accounting Principles. b. Beginning in fiscal 2018, the budget and related expenditures related to changes in the non-salary staff costs recovery rate charged to units were moved from centrally-managed accounts to corresponding organizational units. This contributed to the decrease in centrally-managed accounts and programs in fiscal 2018 and corresponding increases in other units. The changes entailed increasing the non-salary staff costs recovery rate for Headquarters-appointed staff from 50 percent to 70 percent and introducing a recovery rate of 45 percent for country office–appointed staff so as to more accurately reflect unit and product costs. c. Includes institutional services units such as: Budget, Performance, and Strategy; Chief Risk Officer; Development Economics; Development Finance; External and Corporate Relations; Legal; Operations Policy and Country Services; Treasury; and World Bank Group Finance and Accounting. d. Includes governance services units such as: the Board; Corporate Secretariat; Compliance and Data Privacy Office; Independent Evaluation Group; Institutional Integrity; Internal Audit; the Offices of the President, Chief Executive Officer, and Managing Directors; Inspection Panel; office of SVPMM; Office of Ethics and Business Conduct and Internal Justice Services (including Conflict Resolution System, Administrative Tribunal, Office of Evaluation and Suspension, and Sanctions Board Secretariat). e. Includes the following administrative service units: Global Corporate Solutions, Human Resources, Health and Safety Directorate, and Information and Technology Solutions. f. Includes non-unit accounts and programs that are centrally managed such as Staff Separation funds, Budget Recoveries, Depreciation, Overhead and Benefits, Institutional Programs, Headquarters Real Estate, Corporate Contingency, Expenditure Review–related programs, and Budget Returns.

Annual Report 2020

World Bank Lending (Fiscal 2020)

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) are the institutions that make up the World Bank Group.

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries, and it is committed to reducing poverty, increasing shared prosperity, and promoting sustainable development.

In fiscal 2020, the World Bank Group collectively provided $77.1 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 2020 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 works closely with countries to provide assistance where it is needed most. In addition to financing, we draw on experience and knowledge that span regions and sectors to provide evidence-based insights and policy support, helping countries address their development priorities and facilitating the exchange of ideas and best practices.

2 World Bank Lending │ Fiscal 2020 The International Bank for Reconstruction The International Development and Development (IBRD) Association (IDA)

Established 1944 │ 189 member countries Established 1960 │ 173 member countries

Fiscal 2020 commitments Fiscal 2020 commitments $28.0 billion for $30.4 billion for 152 approved operations 305 approved operations

(including 10 blended IBRD/IDA operations) (including 10 blended IBRD/IDA operations)

Cumulative lending (since 1945) Cumulative lending (since 1945) $755.5 billion $421.8 billion

3 World Bank Lending │ Fiscal 2020 IBRD and IDA Board of Executive Directors and Alternates as of June 30, 2020

David Malpass President of the World Bank Group and Chairman of the Board of Executive Directors

Executive Directors Alternates DJ Nordquist (Vacant) Masanori Yoshida Kenichi Nishikata Yingming Yang Minwen Zhang Juergen Karl Zattler Nikolai Putscher Arnaud Fernand Buisse Pierre-Olivier Chotard Richard Montgomery David Stephen Kinder Guenther Schoenleitner Nathalie Francken Jorge Alejandro Chavez-Presa Fernando Jimenez Koen Davidse Florin Vodita Kunil Hwang Gerard Januarius Antioch Louise Levonian Donna Oretha Harris (Vacant) Elsa Patriarca Agustin Aparna Subramani Mohammad Shafiul Alam Patrizio Pagano Miguel Coelho Geir H. Haarde Lasse Antero Klemola Werner Gruber Katarzyna Zajdel-Kurowska Shahid Ashraf Tarar Omar Bougara Kulaya Tantitemit Parjiono Roman Marshavin Vladmir Tamozhnikov Merza Hussain Hasan Ragui El-Etreby Hesham Alogeel Abdulmuhsen Saad Alkhalaf Adrian Fernandez Cecilia Nahon Jean-Claude Tchatchouang Alphonse Ibi Kouagou Anne Kabagambe Taufila Nyamadzabo Larai Hajara Shuaibu Armando Manuel

4 World Bank Lending │ Fiscal 2020 Fiscal Year Summary

In fiscal 2020, the World Bank (IBRD/IDA) committed $58.3 billion to partner countries, distributed in credits, loans, grants, and guarantees.

5 World Bank Lending │ Fiscal 2020 Fiscal Year Summary

In fiscal 2020, IBRD committed $28.0 billion for 152 new operations, of which 10 were IBRD and IDA blended operations. IDA committed $30.4 billion for 305 new operations, of which 10 were IBRD and IDA blended operations.

6 World Bank Lending │ Fiscal 2020 Fiscal Year Summary

Support to countries from IBRD, which provides financing, risk management products, and other financial services to members, rose to $28.0 billion in fiscal 2020.

7 World Bank Lending │ Fiscal 2020 Fiscal Year Summary

Commitments from IDA were at $30.4 in fiscal 2020. These commitments included $22.4 billion in credits, $8.0 billion in grants, and $25 million of IDA resources to back guarantees.

7 World Bank Lending │ Fiscal 2020 Note on data in this presentation:

Theme categories are not mutually exclusive; therefore, shares may sum to more than 100 percent of project financing and cannot be represented as a pie chart.

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.

9 World Bank Lending │ Fiscal 2020 IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $58.3 billion

20% Africa

36% East Asia and Pacific

Europe and Central Asia 6% Latin America and the Caribbean Middle East and North 13% Africa South Asia

12% 12%

10 World Bank Lending │ Fiscal 2020 IBRD Lending by Region │ Fiscal 2020 Share of total lending of $28.0 billion The largest share of IBRD lending went to Latin America

6% 20% Africa 17% East Asia and Pacific

Europe and Central Asia

12% Latin America and the Caribbean Middle East and North 20% Africa South Asia

24%

11 World Bank Lending │ Fiscal 2020 IDA Lending by Region │ Fiscal 2020 Share of total lending of $30.4 billion The largest share of IBRD lending went to Africa

20% Africa

East Asia and Pacific 1% 3% Europe and Central Asia

5% Latin America and the Caribbean 63% Middle East and North 8% Africa South Asia

12 World Bank Lending │ Fiscal 2020 IBRD and IDA Lending by Sector│ Fiscal 2020

Agriculture, Fishing, and Forestry 6% 6% Education 6% 9% Energy and Extractives

Financial Sector

15% 9% Health

Industry, Trade, and Services

7% Information and Communications Technologies Public Administration

15% Social Protection 14% Transportation 4% 8% Water, Sanitation, and Waste Management

13 World Bank Lending │ Fiscal 2020 IBRD and IDA Lending by Theme │ Fiscal 2020

Theme Commitments (US dollar millions)

Economic Policy 2,192

Environment and Natural Resources Management 20,564

Finance 7,984

Human Development and Gender 28,772

Private Sector Development 12,168

Public Sector Management 7,364

Social Development and Protection 9,458

Urban and Rural Development 15,676

Note: As of fiscal 2017, new sector and theme categories have replaced the previous taxonomy as part of an internal data modernization effort. Themes are not mutually exclusive; therefore, shares may sum to more than 100 percent of project financing and cannot be represented as a pie chart.

14 World Bank Lending │ Fiscal 2020 IBRD Top Country Borrowers │ Fiscal 2020

5,000 4,580 4,500

4,000

3,500

3,000

2,500

2,000 1,870 1,855 1,660 1,450 1,380 1,500 1,250

Commitments ($ millions) 1,230 1,200 1,110 1,000

500

15 World Bank Lending │ Fiscal 2020 IDA Top Country Borrowers │ Fiscal 2020

3,000

2,576 2,500 2,265

2,000 1,642 1,471 1,500

1,046 950 949 943 1,000 903 900 Commitments ($ millions)

500

16 World Bank Lending │ Fiscal 2020 Regional Lending by Theme and Sector Africa Regional Snapshot

18 World Bank Lending │ Fiscal 2020 Africa Total IBRD and IDA Lending Trends (Fiscal 2016–20)

25,000

20,000 20,826

16,530 15,000 15,022

11,842 10,000 9,365

5,000

0 2016 2017 2018 2019 2020

19 World Bank Lending │ Fiscal 2020 Africa IBRD and IDA Lending by Sector (Fiscal 2020)

20 World Bank Lending │ Fiscal 2020 Africa IBRD and IDA Lending by Theme (Fiscal 2020)

Theme Commitments (US dollar millions)

Economic Policy 784

Environment and Natural Resources Management 7,648

Finance 1,497

Human Development and Gender 10,038

Private Sector Development 4,632

Public Sector Management 3,297

Social Development and Protection 3,087

Urban and Rural Development 5,386

21 World Bank Lending │ Fiscal 2020 East Asia and Pacific Regional Snapshot

22 World Bank Lending │ Fiscal 2020 East Asia and Pacific Total IBRD and IDA Lending Trends (Fiscal 2016–20)

8,000

7,500 7,000 7,269 7,106

6,000

5,000 5,302

4,612 4,000

3,000

2,000

1,000

0 2016 2017 2018 2019 2020

23 World Bank Lending │ Fiscal 2020 East Asia and Pacific IBRD and IDA Lending by Sector (Fiscal 2020)

24 World Bank Lending │ Fiscal 2020 East Asia and Pacific IBRD and IDA Lending by Theme (Fiscal 2020)

Theme Commitments (US dollar millions)

Economic Policy 201

Environment and Natural Resources Management 2,976

Finance 967

Human Development and Gender 3,347

Private Sector Development 1,424

Public Sector Management 556

Social Development and Protection 1,078

Urban and Rural Development 2,491

25 World Bank Lending │ Fiscal 2020 Europe and Central Asia Regional Snapshot

26 World Bank Lending │ Fiscal 2020 Europe and Central Asia Total IBRD and IDA Lending Trends (Fiscal 2016–20)

8,000

7,000 7,271 7,196

6,000

5,000 5,309

4,508 4,000 4,332

3,000

2,000

1,000

0 2016 2017 2018 2019 2020

27 World Bank Lending │ Fiscal 2020 Europe and Central Asia IBRD and IDA Lending by Sector (Fiscal 2020)

28 World Bank Lending │ Fiscal 2020 Europe and Central Asia IBRD and IDA Lending by Theme (Fiscal 2020)

Theme Commitments (US dollar millions)

Economic Policy 444

Environment and Natural Resources Management 2,343

Finance 1,173

Human Development and Gender 3,708

Private Sector Development 1,643

Public Sector Management 511

Social Development and Protection 1,418

Urban and Rural Development 1,849

29 World Bank Lending │ Fiscal 2020 Latin America and the Caribbean Regional Snapshot

30 World Bank Lending │ Fiscal 2020 Latin America and the Caribbean Total IBRD and IDA Lending Trends (Fiscal 2016–20)

9,000

8,000 8,218 7,777 7,000

6,000 6,140 5,877 5,000

4,000 4,326

3,000

2,000

1,000

0 2016 2017 2018 2019 2020

31 World Bank Lending │ Fiscal 2020 Latin America and the Caribbean IBRD and IDA Lending by Sector (Fiscal 2020)

32 World Bank Lending │ Fiscal 2020 Latin America and the Caribbean IBRD and IDA Lending by Theme (Fiscal 2020)

Theme Commitments (US dollar millions)

Economic Policy 401

Environment and Natural Resources Management 2,455

Finance 1,537

Human Development and Gender 3,368

Private Sector Development 691

Public Sector Management 1,163

Social Development and Protection 1,330

Urban and Rural Development 1,916

33 World Bank Lending │ Fiscal 2020 Middle East and North Africa Regional Snapshot

34 World Bank Lending │ Fiscal 2020 Middle East and North Africa Total IBRD and IDA Lending Trends (Fiscal 2016–20)

7,000

6,000 6,375 5,880 5,468 5,000 5,181

4,000

3,616 3,000

2,000

1,000

0 2016 2017 2018 2019 2020

35 World Bank Lending │ Fiscal 2020 Middle East and North Africa IBRD and IDA Lending by Sector (Fiscal 2020)

36 World Bank Lending │ Fiscal 2020 Middle East and North Africa IBRD and IDA Lending by Theme (Fiscal 2020)

Theme Commitments (US dollar millions)

Economic Policy 25

Environment and Natural Resources Management 944

Finance 975

Human Development and Gender 2,325

Private Sector Development 1,051

Public Sector Management 802

Social Development and Protection 1,009

Urban and Rural Development 622

37 World Bank Lending │ Fiscal 2020 South Asia Regional Snapshot

38 World Bank Lending │ Fiscal 2020 South Asia Total IBRD and IDA Lending Trends (Fiscal 2016–20)

14,000

12,000 11,657

10,000 10,660

8,859 8,000 8,363

6,000 6,060

4,000

2,000

0 2016 2017 2018 2019 2020

39 World Bank Lending │ Fiscal 2020 South Asia IBRD and IDA Lending by Sector (Fiscal 2020)

40 World Bank Lending │ Fiscal 2020 South Asia IBRD and IDA Lending by Theme (Fiscal 2020)

Theme Commitments (US dollar millions)

Economic Policy 338

Environment and Natural Resources Management 4,198

Finance 1,834

Human Development and Gender 5,986

Private Sector Development 2,728

Public Sector Management 1,036

Social Development and Protection 1,536

Urban and Rural Development 3,412

41 World Bank Lending │ Fiscal 2020 Sectoral Lending by Region Agriculture, Fishing, and Forestry IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $3.7 billion

1% 12%

8% 38% Africa East Asia and Pacific Europe and Central Asia 10% Latin America and the Caribbean Middle East and North Africa South Asia

32%

43 World Bank Lending │ Fiscal 2020 Education IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $5.2 billion

15% 2%

Africa 7% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 8% 59% Middle East and North Africa South Asia

44 World Bank Lending │ Fiscal 2020 Energy and Extractives IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $5.3 billion

18%

0.4% Africa 5% East Asia and Pacific 46% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 17% South Asia

14%

45 World Bank Lending │ Fiscal 2020 Financial Sector IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $4.2 billion

13% 21%

Africa East Asia and Pacific 4% 17% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia

14% 32%

46 World Bank Lending │ Fiscal 2020 Health IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $8.3 billion

24% 33% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 7% Middle East and North Africa South Asia

11% 9%

16%

47 World Bank Lending │ Fiscal 2020 Industry, Trade, and Services IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $4.9 billion

26%

35% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 13% South Asia

7% 6% 15%

48 World Bank Lending │ Fiscal 2020 Information and Communications Technologies IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $2.1 billion

13%

37% Africa 16% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 12%

10% 12%

49 World Bank Lending │ Fiscal 2020 Public Administration IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $8.6 billion

9% 7%

Africa 42% East Asia and Pacific Europe and Central Asia 17% Latin America and the Caribbean Middle East and North Africa South Asia

16%

50 World Bank Lending │ Fiscal 2020 Social Protection IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $9.0 billion

19% 29% Africa East Asia and Pacific Europe and Central Asia 13% Latin America and the Caribbean Middle East and North Africa South Asia 10%

16% 12%

51 World Bank Lending │ Fiscal 2020 Transportation IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $3.5 billion

18%

Africa 7% East Asia and Pacific 49% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 13% South Asia

13%

52 World Bank Lending │ Fiscal 2020 Water, Sanitation, and Waste Management IBRD and IDA Lending by Region │ Fiscal 2020 Share of total lending of $3.7 billion

22%

36% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 19% South Asia

10% 12%

53 World Bank Lending │ Fiscal 2020 Thematic Lending by Region Economic Policy IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 784

East Asia and Pacific 201

Europe and Central Asia 444

Latin America and the Caribbean 401

Middle East and North Africa 25

South Asia 338

Note: As of fiscal year 2017, new sector and theme categories have replaced the previous taxonomy as part of an internal data modernization effort. Themes are not mutually exclusive; therefore, shares may sum to more than 100 percent of project financing and cannot be represented as a pie chart.

55 World Bank Lending │ Fiscal 2020 Environment and Natural Resources Management IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 7,648

East Asia and Pacific 2,976

Europe and Central Asia 2,343

Latin America and the Caribbean 2,455

Middle East and North Africa 944

South Asia 4,198

56 World Bank Lending │ Fiscal 2020 Finance IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 1,497

East Asia and Pacific 967

Europe and Central Asia 1,173

Latin America and the Caribbean 1,537

Middle East and North Africa 975

South Asia 1,834

57 World Bank Lending │ Fiscal 2020 Human Development and Gender IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 10,038

East Asia and Pacific 3,347 42% Europe and Central Asia 3,708

Latin America and the Caribbean 3,368

Middle East and North Africa 1,009

South Asia 5,986

58 World Bank Lending │ Fiscal 2020 Private Sector Development IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 4,632

East Asia and Pacific 1,424

Europe and Central Asia 1,643

Latin America and the Caribbean 691

Middle East and North Africa 1,051

South Asia 2,728

59 World Bank Lending │ Fiscal 2020 Public Sector Management IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 3,297

East Asia and Pacific 556

Europe and Central Asia 511

Latin America and the Caribbean 1,163

Middle East and North Africa 802

South Asia 1,036

60 World Bank Lending │ Fiscal 2020 Social Development and Protection IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 3,087

East Asia and Pacific 1,078

Europe and Central Asia 1,418

Latin America and the Caribbean 1,330

Middle East and North Africa 2,325

South Asia 1,536

61 World Bank Lending │ Fiscal 2020 Urban and Rural Development IBRD and IDA Lending by Region │ Fiscal 2020

Region Commitments (US dollar millions) Africa 5,386

East Asia and Pacific 2,491

Europe and Central Asia 1,849

Latin America and the Caribbean 1,916

Middle East and North Africa 622

South Asia 3,412

62 World Bank Lending │ Fiscal 2020 For more information visit www.worldbank.org/annualreport

63 World Bank Lending │ Fiscal 2020

Annual Report 2020

Global Reporting Initiative (GRI) Index Fiscal Year 2020

GRI INDEX 2020 GRI INDEX 2020

This 2020 World Bank GRI Index is an inventory of the sustainability DEFINING THE REPORT considerations used in World Bank lending and analytical services, as Methodology for Determining Materiality well as within its corporate practices. This sustainability disclosure The topics deemed relevant for disclosure were identified by assessing index has been prepared in accordance with the Core option of the GRI Standards1. The GRI Index covers activities carried out during fiscal annual corporate priorities outlined by the institution’s Board and year 2020, from July 1, 2019 through June 30, 2020. The COVID-19 President, considering stakeholder input, as well as ascertaining the pandemic impacted the World Bank’s operations and staff activities sustainability impacts of carrying out the World Bank’s mission and through reduced travel, the extended shutdown of our offices, and a vision. Stakeholder feedback was gathered via three key channels: the shift in staff health services. Where significant, these impacts have Country Opinion Survey (COS) Program, civil society feedback, and been noted in the report. queries from Environmental, Social, and Governance (ESG) research groups.

ABOUT THE WORLD BANK To determine if a GRI aspect is material for the World Bank to report The World Bank Group (WBG) plays a key role in global efforts to on, an assessment is carried out based on the potential impacts on end extreme poverty and boost shared prosperity. It consists of five the Bank's business, and sustainability impacts stemming from its institutions: the World Bank, which includes the International Bank business. The business-case category evaluates potential reputational for Reconstruction and Development (IBRD) and the International risks to the organization, the importance to stakeholders (based Development Association (IDA); the International Finance Corporation on the above sources), the linkages with the Bank's mission and (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the goals and those identified as material in the World Bank Corporate International Centre for Settlement of Investment Disputes (ICSID). Responsibility Strategic Plan. The sustainability impact refers to Working together in over 140 countries, these institutions provide environmental and social criteria, as outlined by the Natural Step (see financing, technical advice, and other solutions that enable countries to Box below), namely, material extracted from the earth's crust; the address the most urgent development challenges. accumulation of persistent or toxic emissions; extractive industry or The GRI Index reports on the activities of the World Bank (IBRD and destructive processes; and the extent to which people's ability to meet IDA). Except for their member countries’ eligibility for support and terms their needs is undermined. To ensure representation of sustainable of lending, IBRD and IDA are tightly integrated and work as a single development, an additional criterion was added to give preference to unit. Certain practices and projects, however, span across the World impact on the local economy. Bank Group and are therefore cited as such in the text.

1. The Core option indicates that a report contains the minimum information needed to understand the nature of an organization, its material topics and related impacts, and how these are managed.

1 World Bank GRI Index 2020 2020 RESULTS: WHAT IS MATERIAL? The Natural Step framework, which complements the GRI, Boundaries are defined based on where the impacts occur for a defines three basic “system conditions” that must be met if material topic. Indirect impacts lay within the “operational” boundary. we want to maintain the essential environmental services Direct impacts fall within the “corporate” boundary. For each material that sustain human society. Further, because human action topic, boundaries are specified in the management approach is the primary cause of the rapid change we see in the disclosures. natural environment today, the framework includes a fourth system condition that focuses on the social and economic Impacts external to the organization [“operational boundary”] considerations that drive those actions. “Operational boundary” denotes indirect impacts that occur in member For the purposes of this exercise, the sustainability principles countries as a result of World Bank lending and analytical services and of the Natural Step are applied by asking: (1) Does this may not be directly controlled by the Bank’s management. Impacts aspect draw upon material extracted from the earth’s crust stemming from the World Bank’s work with clients are specified as and lead to accumulation of persistent or toxic emissions, or “operational impacts.” is it an extractive industry or involve destructive processes? Impacts internal to the organization [“corporate boundary”] (2) Does this aspect undermine the extent of people’s ability “Corporate boundary” refers to the impact from activities over which to meet their needs? (3) Does this aspect impact the local the Bank has direct control, such as operating World Bank facilities and economy? managing staff members.

The Reporting Principles for defining report content, outlined by GRI, Operational impact have been applied to identify, prioritize, and validate the information to The World Bank’s most pertinent sustainability impacts from financial be disclosed by considering the World Bank’s activities, impacts, and and technical services to clients can be summarized in the following. the substantive expectations and interests of its stakeholders. Each criterion above is given a point, and a threshold is set to prioritize GRI GRI-RELATED ASPECTS: aspects to include in the report, as determined and validated by an 1. Economic Performance: Creating and distributing economic value internal focus group that met in May 2020. The World Bank reports on is part of the mission of eliminating extreme poverty and boosting each topic that garners 4 or more points, deeming them to be material shared prosperity; shareholders and investors care about the topics. sustainable economic performance of the institution.

2 World Bank GRI Index 2020 2. Indirect Economic Impacts: Indirect economic impacts are an Corporate Impact essential aspect of the Bank's goal of reducing poverty and boosting The most material aspects of the Bank’s internal operations include the shared prosperity. following:

3. Biodiversity: Through lending and grant support to client countries, 1. Staff are the World Bank’s greatest asset. They bring a wide range the World Bank Group is one of the largest international funding of perspectives to bear on poverty-reduction issues and emerging sources for biodiversity worldwide. development challenges and are critical to the effectiveness 4. Human Rights / Child Labor / Indigenous Rights: The World of the Bank’s core operational and knowledge services. Staff- Bank promotes human rights through its projects, for example, related indicators are pulled from the following GRI aspect improving poor people's access to health, education, food, and categories: Economic Performance, Market Presence, Employment, water; promoting the participation of Indigenous Peoples in decision Occupational Health and Safety, Training and Education, Diversity making, strengthening the accountability and transparency of and Equal Opportunity, and Nondiscrimination. governments to their citizens; supporting justice reform; and 2. The Bank recognizes that reducing its own corporate fighting corruption. environmental impacts is in line with the institutional mission 5. Local Communities: The World Bank recognizes that community- to reduce poverty, as environmental degradation affects the designed development approaches and actions are important world’s poor disproportionately. Increasing the efficiency of how elements of an effective poverty reduction and sustainable the organization runs its business–through facility-level and staff development strategy. behavior changes–reduces natural-resource waste and decreases the cost of day-to-day operations. Key aspects related to the 6. Anti-corruption: Critical to the World Bank's mission to alleviate Bank’s environmental footprint include: Materials, Energy, Water, extreme poverty is a well-functioning public sector that delivers Emissions, Effluents and Waste, Biodiversity, and Procurement quality public services consistent with citizen preferences and Practices. fosters private sector- and market-led growth while managing its fiscal resources in a prudent manner. Opinion leaders in the Questions and comments about the GRI Index should be Bank's client countries have listed anti-corruption as one of their addressed to the World Bank Corporate Responsibility Program development priorities. at [email protected].

3 World Bank GRI Index 2020 LIST OF ACRONYMS

AED Alternate Executive Director ESF Environmental and Social Framework

AHC Anti-Harassment Coordinator ESG Environmental, Social, and Governance

APEC Asia Pacific Economic Cooperation ESS Environmental and Social Standard

CCAP Climate Change Action Plan EUR euro

CDP Carbon Disclosure Project FCV Fragile, Conflict, and Violence

CEN Country Engagement Note FSC Forest Stewardship Council

CODE Board Committee on Development Effectiveness FTE full-time equivalent

COGAM Board Committee on Governance and Executive GAAP generally accepted accounting principles Directors' Administrative Matters GBP British pound sterling COS Country Opinion Survey GDP gross domestic product CPF Country Partnership Framework GEF Global Environment Facility CSO civil society organization GFDRR Global Facility for Disaster Reduction and CSPF Civil Society Policy Forum Recovery

DAC Development Assistance Committee GHG greenhouse gas

DSSI Debt Service Suspension Initiative GRS Grievance Redress Service

EBC Ethics and Business Conduct Department GWP Global Warming Potential

EC European Commission HRD Human Resources Vice Presidency

ED Executive Director HSD Health and Safety Directorate

ERC Enterprise Risk Management Committee IAD Internal Audit Vice Presidency

ESA Environmental and Social Assessment IBRD International Bank for Reconstruction and Development

4 World Bank GRI Index 2020 ICR Implementation Completion and Results Report PPE personal protective equipment

ICSID International Centre for Settlement of Investment RIMP Refugee Investment and Matchmaking Platform Disputes RMS Results Measurement System IDA International Development Association RWS reduced work schedule IEG Independent Evaluation Group SAC Sanctions Advisory Committee IFC International Finance Corporation SCD Systematic Country Diagnostic IMF International Monetary Fund SCD Systematic Country Diagnostic INCAF International Network on Conflict and Fragility SDG Sustainable Development Goals INT Integrity Vice Presidency SEK Swedish krona IPF Investment Project Financing SEP Stakeholder Engagement Plan JCR Board Joint Committee on Remuneration of UN United Nations Executive Directors and Alternate Executive Directors WBG World Bank Group

MD&A Management Discussion & Analysis

MDB multilateral development bank

MIGA Multilateral Investment Guarantee Agency

OECD Organization for Economic Co-operation and Development

OHS Occupational Health and Safety

OLC Open Learning Campus

OPCS Operations Policy and County Services

OYW One Young World

NOTE: All dollar amounts are US dollars unless otherwise indicated.

5 World Bank GRI Index 2020 TABLE OF CONTENTS

Material Topics Disclosed

General Disclosures Economic Disclosures Environmental Disclosures Social Disclosures

Organizational Profile...... 7 Economic Performance...... 26 Materials...... 37 Human Resources...... 48

Strategy...... 12 Indirect Economic Impacts...... 30 Energy...... 39 OH&S...... 50

Ethics and Integrity...... 14 Procurement Practices...... 31 Water...... 41 Staff Learning...... 56

Governance...... 15 Anti-corruption...... 33 Biodiversity...... 42 Diversity and Inclusion...... 59

Stakeholder Engagement...... 18 Emissions...... 43 Nondiscrimination...... 61

Reporting Practice...... 25 Effluents and Waste...... 46 Child Labor...... 62

Indigenous Peoples...... 64

Human Rights...... 66

Local Communities...... 67

6 World Bank GRI Index 2020 General Disclosures

GRI 100 General Disclosures

MATERIAL TOPICS: ORGANIZATIONAL PROFILE, STRATEGY, ETHICS AND INTEGRITY, GOVERNANCE, STAKEHOLDER ENGAGEMENT, REPORTING PRACTICE

102-1: NAME OF THE ORGANIZATION

The World Bank consists of the International Bank of Reconstruction and Development and the International Development Association. It is part of the World Bank Group, which includes the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes. For more information, see http://www.worldbank.org/about.

102-2: ACTIVITIES, BRANDS, PRODUCTS, AND SERVICES

Established in 1944, the World Bank works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The World Bank is a vital source of financial and technical assistance to developing countries around the world. Its work is anchored in two goals: to end extreme poverty—reducing the share of the global population living in extreme poverty to no more than 3 percent by the year 2030; and to promote shared prosperity—promoting income growth of the bottom 40 percent of the population. Both goals must be met in a sustainable manner. To attain its goals, the World Bank offers: Financial Products and Services • Since 1947, the World Bank has funded more than 12,000 development projects, via traditional loans, interest-free credits, and grants to developing countries. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Some of our projects are co-financed with governments, other multilateral institutions, commercial banks, export credit agencies, and private sector investors. • We also provide or facilitate financing through trust fund partnerships with bilateral and multilateral donors. Many partners have asked the Bank to help manage initiatives that address needs across a wide range of sectors and developing regions.

7 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES Innovative Knowledge Sharing • We offer support to developing countries through policy advice, research and analysis, and technical assistance. Our analytical work often underpins World Bank financing and helps inform developing countries’ own investments. In addition, we support capacity development in the countries we serve. We also sponsor, host, or participate in many conferences and forums on development issues, often in collaboration with partners. • The World Bank’s Access to Information Policy was the catalyst for initiatives such as Open Data, the Open Knowledge Repository, and Open Finances. The World Bank’s Open Learning Campus (OLC) is a destination for development learning that builds the leadership and technical capabilities of development stakeholders-partners, practitioners, policy makers, staff, and the public. For more information, see www.worldbank.org/en/about/what-we-do and www.worldbank.org/en/projects-operations/products-and-services.

102-3: LOCATION OF HEADQUARTERS

The World Bank’s headquarters are located in Washington, DC, in the United States.

102-4: COUNTRIES WHERE THE ORGANIZATION OPERATES AND HAS SIGNIFICANT OPERATIONS

The World Bank is a global organization. IBRD is owned by 189 member countries and IDA by 173. World Bank staff are located in our 145 country offices, located. There are 157 World Bank facilities worldwide. For a complete list of locations, see https://www.worldbank.org/en/about/contacts.

102-5: OWNERSHIP AND LEGAL FORM

The World Bank is not a bank in the traditional sense, but a unique partnership committed to reducing poverty and supporting development. IBRD is governed by and works with its 189 member countries to achieve equitable and sustainable economic growth in their national economies, and to find solutions to pressing regional and global problems in economic development and other important areas, such as environmental sustainability. Low-interest loans are financed by World Bank bonds issued in the capital markets, guarantees, risk management products, and advisory services. IDA works with its 173 member countries offering financing to the world’s poorest countries to reduce poverty by providing concessional loans (called credits) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions. Each of the World Bank organizations operates according to procedures established by its Articles of Agreement. The agreements outline the conditions of membership and the general principles of organization, management, and operations. For a full list of member countries, see https://www.worldbank.org/en/about/leadership/members. For IBRD and IDA Articles of Agreement, see https://www.worldbank.org/en/about/articles-of-agreement.

8 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES 102-6: MARKETS SERVED

The World Bank's work is distributed throughout the following regions: Sub-Saharan Africa, East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, the Middle East and North Africa, and South Asia. For more information, on the Bank’s work by region, sector, and themes see https://www.worldbank.org/en/about/unit.

102-7: SCALE OF THE ORGANIZATION

Total World Bank commitments: World Bank lending commitments for development support totaled $59.1 billion in fiscal year 2020. IBRD commitments and resources: New lending commitments by IBRD totaled $28 billion in fiscal year 2020. IBRD raised U.S. dollar equivalent $75 billion in FY20 ($54 billion in FY19). IBRD’s equity comprises primarily paid-in capital and reserves. IDA commitments and resources: IDA commitments amounted to $31.1 billion in fiscal year 2020, including $22.4 billion in credits, $8 billion in grants, and $717 million in guarantees. IDA is financed largely by contributions from partner governments. Additional financing comes from transfers from IBRD’s net income, grants from IFC, and borrowers’ repayments of earlier IDA credits. Total resources for the IDA18 Replenishment, which covers fiscal years 2018-20, amounted to $52.9 billion in Special Drawing Rights (equivalent to $75 billion). Total employees: The World Bank Group employs a total of 12,394 full-time staff and 5,521 temporary staff as of June 30, 2020. For more information, see the: World Bank Annual Report.

102-8: INFORMATION ON EMPLOYEES AND OTHER WORKERS

In fiscal year 2020, the World Bank employed 12,394 full-time staff, of whom 53 percent were female. The Bank also employed 5,521 consultants (temporary staff) over the same period. Short-term consultants are reported on a full-time equivalent (FTE) basis, which is calculated using the total number of days paid to short-term consultants divided by 220. Temporary staff (short-term consultants) accounted for 29.5 percent of our total workforce (permanent and temporary) of 17,915 as of end FY20. About 56 percent of our staff were located in the US, with the rest spread out in over 140 locations globally. In total, 53 staff were on a Reduced Work Schedule (RWS) in FY20, of whom 13 are male and 40 (75%) female. There are no significant variations in the categories described above.

102-9: SUPPLY CHAIN

Corporate Procurement: Each year, around $2 billion in goods and services are purchased by the World Bank Group globally. Major contracts include consulting services, travel, information technology and telecommunications, health and benefits, and construction services. All vendors are required to adhere to the World Bank Corporate Procurement Policy.

9 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES For more information, see: http://www.worldbank.org/en/about/corporate-procurement. Operational Procurement: World Bank projects have a global footprint, and therefore a geographically diverse supply base. Bank operations have varied supply chain characteristics depending on the nature of the items being procured and location (for instance, supply chains in fragile states have unique market features). In general terms, about 70 percent of the Bank’s projects by value are infrastructure-related, typically transport, water, and energy projects. In fiscal year 2020, the Bank supported its borrowers in procurement from 2,285 different suppliers; about $7.13 billion was paid to these suppliers. The Bank does not currently track subcontractors beyond the primary provider; however, the majority of these contracts by value are for infrastructure projects and, as such, it is estimated that about 18,000 subcontractors could be involved beyond the primary supply chain (a factor of 8-10 subcontractors to one primary supplier).

102-10: SIGNIFICANT CHANGES TO THE ORGANIZATION’S SIZE, STRUCTURE, OWNERSHIP, OR SUPPLY CHAIN

There were no significant changes to the World Bank’s organization size, structure, or ownership. Corporate Procurement: The COVID-19 pandemic resulted in some changes to the WBG’s supply chain, including modification of contracts for vendors who provided on-site services to the WBG, such as food services vendors, security contractors, and others. In addition, Corporate Procurement facilitated the sourcing of personal protective equipment (PPE) for our staff and clients to enable a safe return to work. Operational supply chain: The Bank’s operational supply chain is truly diverse and global and has remained stable overall. As old projects conclude and new ones begin, there are fluctuations in the major supply chains depending on project procurement awarded. In the main geographic supply chains (supplier-registered locations) of fiscal years 2017, 2018, 2019, and 2020, the top three supplying countries (supply chains) are China, India, and Turkey in all four years. France is in the list of top 10 supplying countries every year, with Brazil, Germany, Bangladesh, and Italy entering the list in two out of the last four years. As the Bank’s operational portfolio is highly focused on infrastructure, the supply chains can vary depending on the results of one large project award. For more information, see the new Procurement Framework.

10 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES Top supplying countries for World Bank Operational Procurement

Rank FY17 FY18 FY19 FY20 1. China India China China 2. India China India India 3, Turkey Turkey Turkey Turkey 4, Belarus Spain Spain The Netherlands 5. Indonesia France France Nigeria 6, France Italy Brazil France 7. Bangladesh Poland Italy Japan 8. Germany Bangladesh Vietnam Egypt 9. Pakistan Argentina Portugal Vietnam 10 Russian Federation Brazil South Africa Germany

102-11: PRECAUTIONARY PRINCIPLE OR APPROACH

The World Bank applies the precautionary approach through its Environmental and Social Framework (ESF), effective as of October 2018, as well as its previously existing suite of safeguard policies, which continue to apply to projects approved with concept notes before October 2018. The ESF and the Bank’s existing environmental and social safeguard policies are cornerstones of its support to sustainable poverty reduction. The objectives of these policies and standards are to prevent and mitigate harm to people and their environment in the development process. They provide guidelines for Bank and borrower staff in the identification, preparation, and implementation of programs and projects. The effectiveness and development impact of programs and projects supported by the Bank have substantially increased as a result of attention to these policies. They provide a platform for the participation of stakeholders in project design, along with being an important instrument for building ownership among local populations.

102-12: EXTERNAL INITIATIVES

The World Bank is committed to helping developing countries end extreme poverty and boost shared prosperity in a sustainable manner. The Bank is a partner of choice for countries seeking to reach many of the Sustainable Development Goals (SDGs), adopted by the United Nations (UN) General Assembly in September 2015, particularly in the context of financing, data, and supporting implementation. The World Bank is also an active member of many external initiatives, such as the UN Environmental Management Group and the Multilateral Financial Institutions Working Group on the Environment. As a UN-specialized agency, the Bank supports the mission of the UN and the multilateral agreements for which the Bank acts as an implementing agency, such as the Global Environment Facility (GEF), the Multilateral Fund for the Montreal Protocol, and the Convention to Combat Desertification. These facilities have enabled the Bank to become the largest funder of projects in support of the Convention on Biological Diversity and the Stockholm Convention on Persistent Organic Pollutants.

11 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES 102-13: MEMBERSHIP OF ASSOCIATIONS

The World Bank Group is not a formal member of industry or a business association, or a national or international advocacy organization, but it works with a wide range of civil society organizations, foundations, and private sector partners on multiple global issues. It is also an observer in the UN Development Group. These partnerships build support for the Bank Group’s twin goals of ending extreme poverty and promoting shared prosperity. The Bank partners with key stakeholders on a number of programs and on specific development challenges facing our partner countries, such as financial inclusion, forced displacement, and climate change, as well as human capital investments, including education and health.

102-14: STATEMENT FROM SENIOR DECISION-MAKER

Refer to the World Bank Annual Report 2020 for messages from David Malpass, President of the World Bank Group, and a statement from the World Bank’s Board of Executive Directors.

102-15: KEY IMPACTS, RISKS, AND OPPORTUNITIES

The work of the World Bank is anchored in its goals: to end extreme poverty by reducing the share of the global population living on less than $1.90 a day and to promote shared prosperity by increasing the incomes of the bottom 40 percent of people in every country. Both goals must be met in a sustainable manner. IMPACTS: The World Bank seeks to end extreme poverty and promote shared prosperity in a sustainable manner. Our work is guided by the Forward Look: A Vision for the World Bank Group in 2030, endorsed by our shareholders in 2016, as well as a historic capital package for IBRD and IFC, agreed upon in 2018. World Bank-supported project impacts and results can be found online: https://www.worldbank.org/en/results. RISKS: As a cooperative institution, IBRD seeks not to maximize profit but to earn enough income to ensure its financial strength and sustain its development activities. Of fiscal year 2020 allocable net income, the Executive Directors approved the allocation of $950 million to the General Reserve and recommended to the Boards of Governors the transfer of $431 million to the Surplus. The transfer to the Surplus includes $331 million, reflecting the amount produced by the formula-based approach for transfers to IDA from allocable income for fiscal year 2020. Management and the Boards proposed to hold this amount in the Surplus, as a measure of prudence in view of the current uncertain outlook due to the COVID-19 crisis, so as to retain the option of subsequently deciding to use those funds to strengthen its reserves in a downside scenario. As part of its lending, borrowing, and investment activities, IBRD is exposed to market, counterparty, country credit, and operational risks. The World Bank Group’s Chief Risk Officer leads the risk oversight function, independently reports to the Boards on an ongoing basis, and supports the institutional decision-making process via dedicated risk committees. In addition, IBRD has put in place a strong risk management framework, which supports management in its oversight functions. The framework is designed to enable and support IBRD in achieving its goals in a financially sustainable manner. One summary measure of IBRD’s risk profile is the ratio of equity to loans, which is closely managed in line with its financial and risk outlook. This ratio stood at 22.8 percent as of June 30, 2020. To download the IBRD Financial Report and IDA Financial Report, visit: https://financesapp.worldbank.org/summaryinfo/overview. PRIORITIES: World Bank headquarters and country-based staff work together with IFC, MIGA, and country partners to prioritize the World Bank Group’s program of financial, analytical, advisory, and convening support, based on the Bank Group’s comparative advantage and the client’s priorities, and in response to development challenges highlighted in a Systematic Country Diagnostic (SCD). The SCD identifies the barriers to eliminating extreme poverty and boosting shared prosperity within

12 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES a country and is undertaken by the Bank Group before developing a new partnership framework with a country. The diagnostic guides the development of the Country Partnership Framework (CPF), which outlines the strategic interventions and support on which the Bank Group and partner country will engage. This SCD was introduced in July 2014; in fiscal year 2020, the Bank Group prepared SCDs in 11 countries and new CPFs in 11 countries. The Bank is implementing a significant program to support client countries’ response to the COVID-19 pandemic, helping them cope with the health, social, and economic impacts and build conditions for a fast, sustainable, and resilient recovery worldwide. While prioritizing the COVID-19 response, the Bank will continue efforts to deliver on other interventions to support the twin goals of ending extreme poverty and boosting shared prosperity and the key priorities and commitments of the IBRD capital package, the IDA19 replenishment, and the FCV strategy. These commitments will result in substantial program growth in priority areas, especially in poorer and smaller countries and those affected by FCV. They will also support critical themes, including: broadening access to critical infrastructure, digital financial services and social protection; enhancing human capital; promoting growth and development of the private sector; promoting good governance and the rule of law, as well as debt and investment transparency; addressing climate change and low-carbon goals; and building resilience to exogenous shocks. OPPORTUNITIES: Fiscal year 2020 was witness to ongoing impacts to the financial resources for both IBRD and IDA, which are expected to open new opportunities for the World Bank to support its client member countries. In fiscal year 2020, IBRD raised $75 billion through its triple-A rating and strong standing in the markets to support the Bank’s mandate and help clients manage risk and build resilience. In April 2020, to support our efforts to help countries address COVID-19, IBRD raised $15 billion equivalent through sustainable development bonds over a three-day period, including a five-year $8 billion bond—the largest ever issued by a supranational. IDA supports the world’s poorest countries, many of which face severe challenges from COVID-19. As part of its funding activities, IDA also issues bonds in the international capital markets and raised medium and long-term debt of $5 billion during fiscal year 2020. This year saw debut issuance in additional currencies, such as the British pound sterling (GBP), euro (EUR), and Swedish krona (SEK). IDA also has a triple-A rating and continues to expand into new markets. Every three years, development partners meet to review IDA’s policies, assess its financial capacity, agree on the amount of financing for the next replenishment period, and commit to additional contributions of equity that are required to meet IDA’s objectives and development goals. The replenishment process for IDA19, which covers fiscal years 2021-23, began in November 2018 and was finalized in December 2019. IDA19 is comprised of an $82 billion envelope to finance projects from July 1, 2020, to June 30, 2023, presenting a 3 percent increase in real terms compared to IDA18. Of this total, $23.5 billion comes from donor contributions and the remainder from repayments of outstanding IDA loans, contributions from the Bank, and financing raised from the capital markets. The funding will allow IDA to continue helping countries deal with the challenges posed by climate change, gender inequality, and situations of fragility, conflict, and violence, while also reinforcing support for job creation and economic transformation, good governance, and accountable institutions. IDA19 will also tackle cross-cutting development challenges, such as enhancing debt sustainability and transparency, harnessing and adapting to transformative digital technology, promoting inclusion of those living with disabilities, and investing in human capital. While the COVID-19 pandemic requires innovative responses, particularly during the IDA19 period, IDA remains committed to countries’ long-term development challenges. In April 2020, the Bank Group, along with the IMF, called for the suspension of bilateral debt service payments from IDA countries to ensure they have the liquidity needed to tackle the challenges posed by COVID-19 and to allow for an assessment of their financing needs. Leaders of the G20 nations endorsed the Debt Service Suspension Initiative, suspending bilateral debt service payments by poor countries beginning May 1, 2020. In June 2020, we disclosed new information on the creditor country composition of the projected annual debt service payments of all 73 countries eligible for relief under this initiative through an online portal that highlights the potential savings for each eligible country, both in dollar terms and as a percentage of GDP. For more information on the World Bank Group Strategy: https://openknowledge.worldbank.org/handle/10986/16095

13 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES For more information on the World Bank Group’s Forward Look: https://www.devcommittee.org/sites/dc/files/download/Documents/2019-04/DC2019-0003- PIBRDIFC%20capital%20package%204-13.pdf For more information about IBRD and IDA funding programs: https://treasury.worldbank.org/en/about/unit/treasury/ida For more information on progress toward corporate targets: http://scorecard.worldbank.org/

102-16 VALUES, PRINCIPLES, STANDARDS, AND NORMS OF BEHAVIOR

The World Bank recognizes the importance of a positive organizational culture in attracting, retaining, and motivating staff to contribute their best in pursuit of the mission. Organizational culture is built on the foundation of a shared set of values, and in fiscal year 2019, the Bank integrated a refreshed set of core values to reflect the behaviors agreed upon by staff and management to be most critical in driving the organization's performance and fostering a healthy work environment. The revised core values—impact, integrity, respect, teamwork, and innovation—have been brought to life by embedding them into core HR processes, from recruitment to performance and talent management. Values: The World Bank Group Core Values, which define how staff engage with partners and each other, are: • Impact - We help our clients solve their greatest development challenges. • Integrity - We do what is right. • Respect - We care for our people, our clients, our partners, and our planet. • Teamwork - We work together to achieve our goals. • Innovation - We learn and adapt to find better ways of doing things. Code of Ethics and Conduct: Adherence to high ethical standards is specified in contracts with employees, Board officials, and business partners. A new Bank Group Code of Ethics has been delayed due to the COVID -19 pandemic and will be launched in fiscal year 2021 in line with the new Core Values. Staff members are required to uphold World Bank Group Staff Rules as a condition of employment. There is a separate Code of Conduct for Board officials. Section 1(c) of the Code for Board Officials requires them to sign the code document upon assuming duty and deposit it with the Ethics Committee of the Board. Business partners are informed of ethics expectations through a separate document. For more information, see Code of Conduct for vendors and vendor employees. Sexual Harassment: In May 2019, the Bank Group launched an action plan to prevent and address sexual harassment. The action plan will be monitored and evaluated by a staff-led working group on a biannual basis. Most of the proposed measures have now been implemented or are underway. To enhance trust and accountability, the Bank Group’s Ethics and Business Conduct Department (EBC) has made increased transparency a key factor in its strategy. Since May 2019, EBC regularly publishes a short summary of all the cases substantiated by EBC. Staff can read a description of the case, the type of sanction, the grade level of the subject as well as whether it took place at headquarters or in a country office. Since January 2020, all allegations of sexual harassment are first reviewed by an Anti-Harassment Coordinator, who addresses the matter directly or refers it to other relevant services, for instance forwarding cases for investigation where misconduct is likely to be substantiated. In addition, a mandatory e-learning training on preventing and addressing sexual harassment is completed by every new staff member. During fiscal year 2021, a new e-learning on sexual harassment will be rolled out among all staff.

14 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES Governance: The head of World Bank Group Ethics and Business Conduct Department is the Chief Ethics Officer, who reports directly to the World Bank Group President and to the Board of Directors annually. For more information on EBC, see https://www.worldbank.org/en/about/unit/ethics_and_business_conduct.

102-17: MECHANISMS FOR ADVICE AND CONCERNS ABOUT ETHICS

The World Bank encourages staff members (both past and present) to seek ethics-related advice and report suspected misconduct and other ethical issues through its EBC department. Modes of seeking advice include: (1) the Ethics Helpline (800-261-7497), which is available 24 hours and administered in multiple languages by an outside vendor; (2) email ([email protected]); and (3) office hours during which employees can seek advice directly from EBC team members. Advisory requests are treated with the highest degree of confidentiality. Requests for advice may be made anonymously. For reports of suspected misconduct, all information is confidential and subject to disclosure on a strict need-to-know basis. Anonymous complaints are accepted. There were 1,291 requests for advice in fiscal year 2020. In about 92 percent of the cases, answers were provided within two business days. The most frequently received queries concerned a staff member’s outside activities and employment, future or former employment, or close relatives or supervisory relationships. In fiscal year 2020, 281 allegations of misconduct were received. The most frequently received involved allegations of harassment, non-compliance with rules, and sexual harassment, on par with fiscal year 2019. Most allegations were reviewed and addressed after intake or initial review. During FY20, 13 allegations resulted in the submis- sion of an investigative report to the Vice President of Human Resources, who has the authority to determine if misconduct occurred and to impose sanctions. The Bank Group has a non-retaliation policy that protects against any direct or indirect detrimental action threatened or taken because a person engaged in a protected activity. Retaliation is considered misconduct and is investigated and sanctioned accordingly. In addition, the Bank Group’s Integrity Vice Presidency works to improve compliance with corruption-related policies. The unit trains staff to detect and deter fraud and corruption and investigates allegations in activities conducted or financed by the institutions of the World Bank Group, as well as allegations of significant fraud and corruption involving staff. Details are outlined for staff in the World Bank Group Code of Conduct.

102-18: GOVERNANCE STRUCTURE

The World Bank is a development institution in which 189 member countries are shareholders. Member countries govern the Bank through the Boards of Governors and the Board of Executive Directors. The Boards of Governors consists of one Governor and one alternate Governor appointed by each member country. The office is usually held by the country’s minister of finance, governor of its central bank, or a senior official of similar rank. The Governors and alternates serve for terms of five years and can be reappointed. Twenty-five of the Governors are members of the Development Committee, a high-level advisory body for the World Bank Group institutions. The Governors delegate specific duties to the 25 Executive Directors, who sit as a resident Board of Directors in Washington, DC The five largest shareholders each appoint an Executive Director, while other member countries are represented by elected Executive Directors. Together, the Boards of Governors and the Executive Directors make all major decisions for the organization, including policy, financial, and membership issues. In addition to representing their own countries and others they are elected to represent Executive Directors serve on one or more of five standing committees: 1. Audit Committee, 2. Budget Committee,

15 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES 3. Committee on Development Effectiveness (CODE), 4. Human Resources Committee, and 5. Committee on Governance and Executive Directors’ Administrative Matters (COGAM). The committees help the Board execute its oversight responsibilities through in-depth examinations of policies and practices, overseeing and making decisions about the Bank’s policies and procedures, financial condition, risk-management and assessment processes, adequacy of governance and controls, and effectiveness of development and poverty-reduction activities. In addition, the Ethics Committee provides guidance on matters covered by the Code of Conduct for Board officials. These committees function independently of all Bank Group executive officers. The CODE of the Board of Executive Directors supports the Board in assessing the development effectiveness of the Bank Group, providing guidance on strategic directions of each member institution, monitoring the quality and results of Bank Group operations, and overseeing or liaising on the work of the entities that are part of the Bank Group’s accountability framework, including with regard to economic, environmental, and social topics.

102-20: EXECUTIVE-LEVEL RESPONSIBILITY FOR ECONOMIC, ENVIRONMENTAL, AND SOCIAL TOPICS

The World Bank Group integrates the principles of sustainable environmental and social development into its work with clients across all sectors and regions. This is implemented by different global practices and regional units, including the Vice Presidencies for Infrastructure, Sustainable Development, Human Development, and Equitable Growth, Finance and Institutions. Vice Presidents report to their respective Managing Director: Managing Director, Operations IBRD/IDA or Managing Director, Development Policy & Partnerships, who in turn report to the President. The Board of Governors is the highest governance body, and the President is the Chair of the Board. See the organizational chart here.

102-21: CONSULTING STAKEHOLDERS ON ECONOMIC, ENVIRONMENTAL, AND SOCIAL TOPICS

There are a range of processes for stakeholder consultations on economic, environmental, and social topics, at national, regional, and global levels. In most cases, consultation is delegated to World Bank Group management and staff, who integrate feedback into operational design, and report on consultations to the Board of Directors.

102-22: COMPOSITION OF THE HIGHEST GOVERNANCE BODY AND ITS COMMITTEES

All powers of the World Bank Group are vested in the Boards of Governors. Governors are the only group which can decide on the following: • Admit and suspend members, • Increase or decrease the authorized capital stock, • Determine the distribution of the net income of the World Bank, • Decide appeals from interpretations of the Articles of Agreement by the Executive Directors,

16 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES • Make formal comprehensive arrangements to cooperate with other international organizations, • Suspend permanently the operations of the World Bank, • Increase the number of elected Executive Directors, and • Approve amendments to the Articles of Agreement. All other decisions are delegated to the Executive Directors. For more information on the Boards of Governors and Executive Directors, reference GRI 102-18 above.

102-23: CHAIR OF THE HIGHEST GOVERNANCE BODY

The Chair of the Board of Executive Directors serves as the President of the organization, as set out in the World Bank’s Articles of Agreement, Section 5.

102-24: NOMINATING AND SELECTING THE HIGHEST GOVERNANCE BODY

The nomination of Governors of the World Bank depends on the political systems of the individual member governments. The main criterion is that a Governor is a minister of finance, development, or another national ministry. Other criteria like diversity, independence, and expertise may factor into the independent, government-led decision-making process. The nomination of Executive Directors also depends on the decisions and political systems of the individual member governments. The World Bank has no direct influence over Governor or Executive Director nominations, which is a sovereign matter related to countries’ internal governance and decision-making.

102-26: ROLE OF HIGHEST GOVERNANCE BODY IN SETTING PURPOSE, VALUES, AND STRATEGY

Governors of the World Bank meet twice per year to discuss issues related to the organization’s purpose and strategy to eliminate extreme poverty and reduce inequality in a manner that is economically, environmentally, and socially sustainable. See www.worldbank.org/devcom.

102-35: REMUNERATION POLICIES

Governors: The World Bank Articles of Agreement state that Governors (the highest governance body) “...shall serve as such without compensation from the Bank, but the Bank shall pay them reasonable expenses incurred in attending meetings.” Board: Executive Directors and Alternate Executive Directors are entitled to a remuneration, determined by the Boards of Governors. A standing Joint (International Monetary Fund and World Bank Group) Committee on Remuneration of Executive Directors and Alternate Executive Directors (JCR) is constituted annually and makes recommendations to the Boards of Governors on the salary and benefits of EDs and their Alternate Executive Directors (AEDs).

17 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES Senior Management: To recruit and retain highly qualified staff, the World Bank Group has developed a compensation and benefits system designed to be internationally competitive, to reward performance, and to consider the special needs of a multinational and largely expatriate staff. The Bank Group’s staff salary structure is reviewed annually by the Executive Directors and, if warranted, is adjusted based on a comparison with salaries paid by private financial and industrial firms and by representative public sector agencies in the U.S. market. Senior Management salaries are disclosed in the Annual Report.

102-40: LIST OF STAKEHOLDER GROUPS

As a global employer, the World Bank consults and collaborates with thousands of stakeholders throughout the world. The World Bank categorizes stakeholders into two main groups: internal and external. Internal stakeholders include shareholder governments (the Boards of Governors), Executive Directors and Senior Management, and Bank employees. External stakeholders include multilateral and bilateral development organizations, parliamentarians, civil society, faith-based organizations, academics, professionals, central banks and other official sector institutions and other investors in World Bank bonds, credit rating agencies, financial institutions, ESG research firms, social entrepreneurs; beneficiaries of Bank-supported activities, and international, national, and local media, among others. The World Bank Group works with appropriate representatives from governments, the private sector, communities, Indigenous groups, or civil society organizations to access stakeholders who would otherwise go unheard. Many Bank Group consultations are also public in that options are provided for interested parties to submit comments, most often electronically or through public hearings.

102-41: COLLECTIVE BARGAINING AGREEMENTS

At the World Bank Group, the percentage of employees covered by collective bargaining agreements is zero. However, the Bank Group Staff Association, founded in 1972, represents and protects the rights and interests of all (that is, 100 percent) of the staff as part of its mandate. The Staff Association negotiates with the Human Resources Vice Presidency, Senior Management, line management, and the Executive Directors to ensure the interests of staff are met. The Staff Association is not a union and does not engage in collective bargaining. It serves a critical role by representing the rights of all staff, as provided in Staff Rule 10.01. Currently, there are 12,393 staff who are members of the Staff Association, and 90 country offices have established Country Office Staff Associations.

102-42: IDENTIFYING AND SELECTING STAKEHOLDERS

The World Bank works with diverse stakeholders who share the commitment to advancing the Bank Group’s goals—to end extreme poverty and promote shared prosperity. Continuous engagement with all the stakeholders is essential and challenging, given the wide spectrum of internal and external stakeholders, ranging from donor and client governments to civil society and media to the poorest and most marginalized communities. In the context of World Bank-supported activities, stakeholders are anyone who is in some way—positively or negatively—impacted by the potential outcomes of these activities. The stakeholders vary, so what impacts a segment or segments of this group depends on the scope, mobilized resources, and outcomes of these activities. For example, for Bank-supported activities, the Guidance Note on Bank Multi-Stakeholder Engagement provides more details. It provides guidance to staff on good practice and mandate issues in relation to the Bank’s work on multi-stakeholder engagement. Guidance on good practice ensures the effectiveness of Bank

18 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES interventions and that stakeholder engagement is performed in a manner consistent with the Bank’s mandate, with a focus on working with media, parliaments, and civil society.

102-43, 102-44: APPROACH TO STAKEHOLDER ENGAGEMENT AND KEY TOPICS AND CONCERNS RAISED

Member Governments Executive Directors and Boards of Governors engage regularly with a wide spectrum of stakeholders, including national stakeholders in their own country and with international civil society organizations (CSOs) on the margins of the organization’s Spring and Annual Meetings, as well as during travel to client countries for Bank Group operations. The Boards of Governors of the Bank Group and IMF regularly hold Annual and Spring Meetings to discuss a range of issues related to poverty reduction, international economic development, and finance. The Annual Meetings provide a forum for international cooperation and enable the Bank Group and the IMF to better serve their client countries. The Bank Group also engages directly with donor capitals to enhance strategic and high-level collaboration and facilitate consultations and knowledge exchange around joint priorities and agendas as well as relationship-building both at the technical and Senior Management levels. Examples of recent key engagements with donor capitals include consultations on the IDA19 replenishment package and the WBG Strategy for Fragility, Conflict, and Violence 2020-2025. In addition to the Annual and Spring Meetings, the Development Committee convenes to advise the Boards of Governors on issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. For recent communiqués from the Development Committee see http:// www.devcommittee.org/communiques. Outcomes of the Development Committee are inputs to the GRI materiality exercise. Employees Staff engagement, pride in the institution, and commitment to a shared mission are key to the World Bank’s success. Staff are kept informed at all times and have formal and informal opportunities to engage and have dialogue with Senior Management through various avenues, such as internal events, live webcast leadership town halls, online chats, leadership blogs, Staff Association updates and working groups, and so on. Similarly, at the unit level, Vice Presidents, Directors, and Managers contribute to fostering staff engagement through various channels, as appropriate. The World Bank’s intranet is available to all staff across 140 countries and is easily accessible on employee devices. Management ensures the flow of information through communications campaigns, announcements, stories, webinars, learning opportunities, targeted briefings, broad-reach newsletters, and emails. More broadly, to support staff in feeling part of an integrated community, there are additional engagements such as cultural performances, staff profiles, and staff conversations. The Bank also promotes various corporate communication campaigns, such as the Community Connections Campaign to raise funds for the local community in Washington and client countries, campaigns around staff health and wellness, safety and security, etc. Monitoring the staff level of engagement is very important. Regularly, the in-depth employee Engagement Survey invites staff to voice their opinions on comprehensive key issues, from leadership to career development, from inclusiveness to the work environment. The Bank engagement index and the participation rate in the survey remain consistently high. As indicated in the 2019 Engagement Survey, results of which were released in January 2020, the Bank’s participation rate and engagement rate were each at 77 percent. Bank staff continuously show high levels of engagement and pride in working for the organization. Based on the annual engagement survey and other feedback channels, staff concerns tend to center around the need for expanded career development opportunities. Other concerns raised by staff were related to specific events in the last year, such as race discrimination, health and the potential impact of the COVID-19 pandemic.

19 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES Civil Society Citizen engagement and stakeholder consultations are a key part of the country engagement process. The World Bank engages CSOs regularly at the global, regional, and local levels. The Bank shares information, solicits input on policy reforms, consults with CSOs on corporate strategies, collaborates with them on Bank-financed projects, and forges partnerships to further shared goals. The preparation of SCDs, CPFs, and to the extent possible Country Engagement Notes (CENs) incorporates feedback received from consultations with the government, the private sector, civil society, development partners, and other stakeholders in the country. The inputs obtained are used in determining the focus and scope of the CPF program. In addition to allowing the WBG to better inform its country programs, the engagement process with stakeholders also helps improve program implementation by hearing a wide range of views regarding potential impact, thereby increasing development effectiveness. This helps strengthen the sustainability of WBG engagement programs. In the consultation process, the Bank employs a variety of complementary formats to collect stakeholders’ views, such as face-to-face meetings and social media forums. For example, the Bank’s Civil Society team hosts a monthly call with CSOs and distributes a monthly e-newsletter that reaches roughly 11,000 subscribers. As part of the Bank’s new ESF, engaging with stakeholders is a mainstreamed part of regular operations. Environmental and Social Standard 10 (ESS10) on Stakeholder Engagement and Information Disclosure recognizes the importance of open and transparent engagement between the borrower and project stakeholders as an essential element of good international practice. As part of this, all projects under the new ESF are required to have a Stakeholder Engagement Plan as well as a grievance mechanism. And through the Strategic Framework for Mainstreaming Citizen Engagement in World Bank Group operations, the Bank Group engages with CSOs and citizens to include beneficiary feedback in Bank Group-financed projects in which there are clearly identifiable beneficiaries. Twice a year, during the Annual and Spring Meetings, the Bank Group hosts the Civil Society Policy Forum (CSPF), which enables the Bank and CSOs to deliberate on critical issues such as citizen engagement, accountability, decreasing space for civil society, education, energy, and climate change. The CSPF has become an integral part of the WBG-IMF Meetings, providing an open space for CSOs to dialogue and exchange views with Bank and IMF staff, their peers, government delegations, and other stakeholders on a wide range of topics. More than 800 CSO participants attended the event at the 2019 Annual Meetings, demonstrating the continued interest from CSOs in engaging with the Bank. CSOs raise issues and concerns throughout the year as a regular part of their engagement through consultations, meetings, and in ad-hoc advocacy. The CSPF allows CSOs to propose sessions on topics of interest and concern for civil society, and to raise these topics directly with Bank leadership through the Roundtable with Executive Directors (Spring and Annual Meetings) and the Townhall with the World Bank President and IMF Managing Director (Annual Meetings). While CSO issues and concerns are broad and diverse, they can largely be grouped into the following focus areas: • Citizen Engagement: How will the Bank track and implement its commitments under the Strategic Framework for Mainstreaming Citizen Engagement. CSOs have also raised concerns on the shrinking space for civic engagement across the world. • ESF: CSOs were heavily involved in consultations on the development of the new ESF. During the consultations, they raised a number of issues, including the need for greater stakeholder engagement and for explicit language on human rights in the ESF. The relevant World Bank teams continue to update CSOs regularly on the implementation of the ESF and the development of additional guidance for staff and borrowers, and continue to engage with CSOs on issues like retaliation against human rights defenders and the closing of civic space, which have been exacerbated by the COVID-19 pandemic. • Inclusion: CSOs have used their platforms to give voice to the concerns of marginalized communities and have asked the Bank to ensure its activities consider the needs of religious, ethnic, and sexual minorities, Indigenous Peoples, women and girls, youth, the disabled, and other groups who may be excluded. • Climate Change: Civil Society have pressed the Bank on its commitments to ending all direct and indirect financing of fossil fuels and to align its strategies with the Paris Agreement.

20 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES • IDA: Many CSOs have been regular supporters of IDA replenishments. During the IDA 19 replenishment discussion, CSOs engaged through regular updates on the CSO monthly call, roundtable discussions, bilateral meetings, and at the IDA Forum at the Spring and Annual Meetings. • Accountability: CSOs are interested in how the Bank adheres to the recommendations of its independent accountability mechanisms, such as the Inspection Panel. • COVID-19 Response: CSOs have been engaged recently on the Bank’s COVID-19 response, with many focused on understanding how citizen engagement will be implemented during lockdowns and drawing attention to the need for crisis response to build more resilient systems for the future and to prioritize debt relief. Topics raised by CSOs are used as inputs to the GRI materiality exercise. In addition to Bank-led convenings, Senior Management also participates in public advocacy activities with civil society, including the Interaction Annual Forum and the RESULTS International Conference. In FY20, around 50 RESULTS partners participated in a series of virtual discussions with Bank leadership and technical teams. Opinion Leaders The Country Opinion Survey (COS) program systematically assesses and tracks the views of external opinion leaders across client countries. The Bank Group has collected thousands of opinions in this mandated program since its inception in fiscal year 2012. Each client country is surveyed once every three years; each year, about 40 to 45 countries are included. In this manner, over a three-year cycle, the program obtains feedback from stakeholders in nearly all client countries. No other multilateral organization engages in a feedback mechanism of such breadth and depth. Priorities identified by opinion leaders through the COS are used as input to the GRI materiality exercise. ESG Investor Community The World Bank engages with investors of IBRD bonds, including those with ESG investment considerations. Many of these investors consult reports published by ESG firms that rate and rank issuers based on specific ESG indicators. The firms believe that the ratings reflect the investors’ general areas of interest. In their issuer profile reports, ESG firm research teams analyze the World Bank’s approach to how to lend and conduct business internally as it pertains to, for example, staff satisfaction, health, and safety, board member composition, and carbon footprint based on business-as-usual activities. The World Bank frequently receives requests to review and provide feedback on ESG report drafts, and in many cases, there is already a draft response, which the Bank fact-checks and balances with additional resources (for example, reports, talking points, press releases, etc.) so that the requestors have a more holistic and complete understanding of our corporate and development activities. Investors have asked for clarification about the project implementation process and how safeguards help reduce social and environmental risks. Their questions focused on, for example, issues around the resettlement of communities and ESG policies around corporate procurement. In addition, investors may ask about labor and the supply chain during project implementation by contractors helping to install projects on the ground alongside local agencies. In the past, investors have asked about how well these companies that were procured for project implementation are vetted in order to prevent any violation of human rights and child labor within countries where projects are being financed. Investors have also asked about the World Bank’s exclusion list, including what sectors the World Bank does not support in its lending operations (e.g., tobacco, nuclear reactors, goods for military purposes, etc.). Additionally, investors have asked about the World Bank’s participation in financing fossil fuels, such as coal and oil and gas. Lastly, investors often question how we handle corruption and how we ensure that funds go where they are intended and that impact is achieved. The questions that the World Bank regularly provides feedback on to ESG research and rating firms are used as part of the materiality exercise for the GRI Index.

21 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES Local, national and internal media The World Bank regularly reaches out to media to cover corporate priorities, including events involving Senior Management. At key opportunities, such as the Annual and Spring Meetings, the Bank proactively drives the primary messages of the institution, including its commitment to ending extreme poverty and promoting shared prosperity by working with countries to achieve strong development outcomes. The World Bank uses media outlets and social media to promote our work on issues related to these goals, such as the global economy, debt transparency, human capital, climate change, forced displacement, and gender inequality. The Bank also responds to media queries to help the media better understand the Bank’s role and responsibilities. Press releases, statements, transcripts, and feature stories from the Bank appear on the World Bank’s homepage and on the news site. Topics raised by media are used as inputs to the GRI materiality exercise. Foundations and the Private Sector The World Bank partners with philanthropic and private partners from across all regions of the world, across a diverse portfolio of programs to help build political and financial support for its mission. These partnerships mobilize innovative ideas, provide new sources of funding, and enable the institution to build an active network of expert partners. Engagement with these two stakeholder groups takes different forms, from individual dialogues with prospective and existing partners, to group discussions on key development areas; and it entails the participation of WBG experts at the operational and/or management levels. During 2019, the World Bank continued its work with key private and philanthropic partners to tackle difficult challenges by taking innovations to scale, assessing the overall efficacy of our engagement, and identifying areas where our comparative strengths could be better leveraged to make a significant impact. In October 2019, the World Bank convened its Partnership Forum, a high-level event held approximately every 18 - 24 months. Chaired by the WBG President, it brings together a select group of philanthropic and private sector leaders and is designed to forge partnerships to accelerate progress on a high-priority global development challenge. This year’s Forum brought together 17 C-suite representatives from foundations, corporations, and investment groups to discuss increasing women’s economic empowerment in emerging markets by removing barriers that women entrepreneurs face. The discussion focused on tackling three critical areas for advancing women-owned businesses: access to finance, access to skills, and access to markets. The Partnerships team also engages with partners at key private and philanthropic forums and events such as the Annual General Assembly conference of the European Foundation Centre, the Global Philanthropy Forum, and One Young World (OYW). In October 2019, the WBG participated in the OYW2019 summit, which focused on the topic of investing in people to build human capital. The Summit gathered 2,000 participants, including young leaders, influencers, and private sector leaders and representatives. Our private and philanthropic partners share many of the same concerns as the World Bank. Our partners are focused on addressing some of the toughest development challenges, such as climate change, forced displacement, and investments in people, as well as inclusive and sustainable economic growth. Partners are interested in developing mechanisms for engagement with our institution, including financial instruments, as well as learning from each other’s operational knowledge to identify comparative strengths that can best leverage our impact in key development areas. As a direct result of stakeholder discussions, the World Bank works in several important partnerships with partners that focus on scaling up investment and advocacy on key priority issues, including forced displacement, gender, disruptive technology, climate, and human capital. In addition, the institution continues to strengthen its engagement with existing partners. Highlights include: • The Refugee Investment and Matchmaking Platform (RIMP) is a multi-stakeholder initiative focused on increasing economic opportunities for refugees and host communities by bringing together a coalition of partners businesses, foundations, investors, governments, and development organizations. The RIMP combines activities in Jordan in support of local companies benefitting refugees, with a global knowledge and advocacy component. As of June 2020, it has helped finalize

22 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES 51 business transactions between global and Jordan companies, leading to an increase in investments, sales transactions and employment in the country; rallied partners to commit $50 million in seed capital for an investment catalyst mechanism currently under development; and provided policy guidance on refugee needs. Under its global knowledge and advocacy component, RIMP is co-leading global actors around a Private Sector for Refugees agenda that includes the Confederation of Danish Industry, the European Investment Bank, and the International Chamber of Commerce, with support from the UN High Commissioner for Refugees. This group developed the Charter of Good Practice on the Role of the Private Sector in Economic Integration of Refugees, a practical guide for private sector engagement in support of refugees, and will be launching an online knowledge platform in fall 2020. • J.P. Morgan supported a new World Bank multi-donor trust fund focused on improving the quality of skills development for India’s young people. The program will improve access to quality and market-relevant training for youth in select Indian states. It will support innovative models in curriculum development; provide training for teachers as well as career counselling for students; develop and match skills development programs to emerging demand in the future of work; foster inclusion of marginalized communities; and reduce gender gaps in accessing skills development programs. Pilot projects are to be launched in Maharashtra and Rajasthan. • In fiscal year 2020, our long-standing partnership with the Bill & Melinda Gates Foundation focused on boosting human capital, scaling up digital financial services, improving measurement in primary health systems, strengthening country data analytics, and improving service delivery models. Since the onset of the COVID- 19 crisis, we have worked together closely on the procurement and deployment of diagnostics, therapeutics, and vaccines. We are also joining forces to help countries cope with the economic repercussions of the pandemic, including through expansion of digital platforms to deliver social protection payments. Topics raised by our philanthropic and private sector partners are used as inputs to the GRI materiality exercise. Development Partners The Bank Group engages closely with multilateral development partners to enhance operational impact in our client countries. These include the UN system, multilateral development banks (MDBs), the European Commission (EC), key multilateral fora such as the G7 and G20, the Organization for Economic Co-operation and Development (OECD), and the Asia Pacific Economic Cooperation (APEC). Our engagement with the UN is focused on safeguarding global public goods and enhancing country outcomes in our client countries, in line with and leveraging each institution’s comparative advantage. The Bank Group participates in UN intergovernmental and interagency task forces and coordinating bodies, including the Chief Executives Board for Coordination and Inter-Agency Standing Committee, to help set the strategic direction and to ensure maximum impact for our partnership. This is complemented by bilateral meetings between the institutions’/agencies’ Senior Management. Our country teams are in close contact with UN agencies at the operational level to support joint program design and implementation. In 2018, the Bank Group and the UN signed a Strategic Partnership Framework Agreement for the 2030 Agenda, which prioritizes the following areas of engagement: (i) implementing and financing the 2030 Agenda for Sustainable Development; (ii) climate action; (iii) the humanitarian-development nexus and its linkages to peace; and (iv) realizing the data revolution. In addition, our collaboration extends to other thematic areas to help countries achieve the SDGs, including, but not limited to, health and human capital, gender, trade, private sector development, capacity building, and governance. In 2020, the Bank Group and the UN have partnered closely on COVID-19 response efforts to ensure a coordinated approach at the country level that capitalizes on each institution’s comparative advantage. The Bank Group collaborates closely and engages regularly with other MDBs on a variety of issues of common interest and concern ranging from engagement with institutional investors and on enhancing skills development and job creation to measures to enhance coordination and complementarity at the country level. This exchange takes place through a working-level Sherpa group, several formal and informal working groups, and at the MDB Heads level. The latter, who oversee and guide this work, meet twice a year—usually at the sidelines of the Annual and Spring Meetings—to discuss strategic directions, main policy challenges, and developments in the

23 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES international development arena and overall MDB authorizing environment. The MDB Heads group has a rotating presidency that coordinates these discussions on behalf of the group. In April 2020, the Bank Group, together with the IMF, collaborated closely with other MDBs and the G20 on the COVID-19 response efforts across disciplines, through regular coordination meetings, information sharing, and co- and parallel financing of projects. Through this collaboration, the partners called for the suspension of bilateral debt service payments from the poorest countries to ensure they have the liquidity needed to address the impacts of the pandemic. G20 Finance Ministers subsequently endorsed the Debt Service Suspension Initiative (DSSI), which took effect on May 1, 2020. The Bank Group collaborates with the EC in various sectors, including but not limited to jobs and economic transformation; climate, energy and disaster risk reduction; fragility, conflict and violence; digitalization; human development; gender; and trade. Our partnership with the EC involves close dialogue and upstream coordination on joint priorities, collaboration on implementation at the global and country levels, joint assessments and knowledge sharing, and a strong financial relationship anchored in a Financial Framework Partnership Agreement, most recently updated in July 2020. The Bank Group works with a broad range of EC Directorates-General, with cooperation underpinned by strategic coordination processes, such as “Deep Dives,” High-Level Dialogues, and Country/Sector Days. There is also strong engagement with other EU institutions, including the European Parliament, the European External Action Service, and the Council of Ministers. We collaborate in regions across the globe, including Europe and Central Asia, Africa, the Middle East and North Africa, and South Asia. The Bank Group is an observer in the G7 and G20 and usually participates at Senior Management level in the Finance Ministers and Central Bank Governors’ meeting, a side program during the G7 Leaders’ Summit, and the G20 Summit. In the G20, the Bank Group is invited to participate fully in the working groups, act as an observer with a mandate to intervene in ministerial meetings and at the Summit, including during the communiqué negotiations. Our level of engagement and participation in the G7 is less formalized and varies depending on the Presidency. In both the G7 and G20, the Bank Group is called on to provide evidence-based analytical reports and inputs to the discussions and to highlight how countries—including those not at the table, particularly developing countries—may perceive or be impacted by the proposals or reforms under discussion. In 2020, the Bank Group engaged closely with the U.S. G7 Presidency and the Saudi G20 Presidency to support the globally coordinated response to COVID-19 by highlighting the needs and challenges of developing countries, sharing information and analytics on efforts to address them, and stressing the importance of global cooperation. Extraordinary meetings among Leaders, Finance Ministers and Central Bank Governors, and other Ministers (e.g. Health, Trade, Agriculture, Labor and Employment) were convened to address COVID-19, with the Bank Group Senior Management’s participation, and lead interventions to share knowledge and policy recommendations, including around the DSSI. The Bank Group has also contributed to other G20 agenda items, such as trade and investment, digital financial inclusion, access to opportunities, and Infratech. We have observer status in most OECD bodies and participate regularly in the Development Assistance Committee (DAC). In addition to various committees and working groups, we participate in the International Network on Conflict and Fragility (INCAF) and Gendernet (Network on Gender Equality). There is also extensive cooperation— from ad-hoc to more systematic—between the OECD and the Bank Group on joint knowledge products, such as the OECD/WB/UN report on Financing Climate Futures: Rethinking Infrastructure and Climate or the OECD/WB/GFDRR report on Disaster Resilience Financing in Small Island Developing States. At the country level, the Bank Group assisted the Peruvian government with their OECD accession process. In the G20 context, the Bank Group and OECD have a close working relationship on trade and tax. The World Bank is represented in the APEC finance stream at the Finance Ministers’ meeting, Deputy Finance Ministers’ meeting, and Senior Finance Officials’ Meeting. In APEC, the Bank Group plays an active role in discussions on the economic outlook, disaster risk financing, and, most recently, debt sustainability.

24 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES 102-45: ENTITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS

The content and data in this document relate to the IBRD and the IDA, which together form the World Bank. The 2020 GRI Index does not cover activities of the other three agencies of the World Bank Group: IFC, MIGA, and ICSID. These agencies publish separate annual reports. Some references to the World Bank Group have been made in this report as appropriate. For more about the World Bank and its sibling agencies, see https://www.worldbank.org/en/who-we-are.

102-46, 102-47: DEFINING REPORT CONTENT AND TOPIC BOUNDARIES AND LIST OF MATERIAL TOPICS

See Introduction to this report.

102-102-48, 102-49, 102-50, 102-51, 102-52, 102-53, 102-54, 102-55, AND 102-56: RESTATEMENTS OF INFORMATION; CHANGES IN REPORTING; REPORTING PERIOD; DATE OF MOST RECENT REPORT; REPORTING CYCLE; CONTACT POINT FOR QUESTIONS REGARDING THE REPORT; CLAIMS OF REPORTING IN ACCORDANCE WITH THE GRI STANDARDS; GRI CONTENT INDEX; AND EXTERNAL ASSURANCE.

The GRI Index 2020 covers fiscal year 2020, which spans July 1, 2019 through June 30, 2020. It has been prepared in accordance with the GRI Standards: Core option. The World Bank updates its GRI Index annually and provides a summary of the year’s activities in the World Bank Annual Report. A Sustainability Review is published biennially. Disclosure on Biodiversity was included as a material topic, while disclosure on supplier assessment was deemed immaterial this fiscal year. There were no restatements of information given in previous reports. The World Bank has not set a policy on gaining external assurance for its GRI Index and Sustainability Review. In practice, the carbon inventory is also assured every year by the IFC Annual Report auditors. The previous Sustainability Review and GRI Index were made available in October 2019. The GRI Index 2019 is available at: http://worldbank.org/corporateresponsibility.

25 WORLD BANK GRI INDEX 2020 GENERAL DISCLOSURES : : GRI 100 GENERAL DISCLOSURES Economic Disclosures

GRI 200 Economic Standards Series

MATERIAL TOPICS: ECONOMIC PERFORMANCE, ECONOMIC IMPACTS, PROCUREMENT PRACTICES, ANTI-CORRUPTION

MANAGEMENT APPROACH: ECONOMIC PERFORMANCE

With 189 member countries, staff from more than 170 countries, and offices in over 140 locations, the World Bank Group is the world’s largest development bank. It is an important source of financial resources and technical assistance for developing countries around the globe. It is not a bank in the ordinary sense, but a unique partnership formed to support economic development. Two goals—ending extreme poverty and promoting shared prosperity—guide the World Bank’s mission. Sustainability is an overarching theme. In order to achieve the two goals for the welfare of future generations, the Bank provides a wide array of investments in areas such as education, health, public administration, infrastructure (including low-carbon energy and transport), financial and private sector development, agriculture, and environmental and natural resource management. The areas that Bank investments support present enormous challenges and opportunities for development, making it essential that they be tackled in an integrated way. Climate action helps countries develop sustainably: when countries act on climate change, they will also benefit from clean air and water, healthy oceans, resilient cities, and sustainable food and agriculture systems. Countries need sustainable economic growth and good development outcomes more than ever, and climate change puts both at risk. Helping our clients act on climate is a high-level strategic priority for the Bank Group. The Bank Group is committed to playing an important role in helping client countries integrate climate action into their core development agendas, supporting them to build low-carbon, climate-resilient inclusive economies. For the last five years, this was undertaken under the guidance of the Bank Group’s first ever Climate Change Action Plan (CCAP) which ran from 2016 to 2020. New climate targets for the coming five years will form the basis of an updated Climate Change Action Plan 2021-2025 (to be published in detail in late 2020). The World Bank’s lending is aimed at two different groups of countries: IBRD strives to reduce poverty in middle-income and creditworthy poorer countries through loans, guarantees, risk-management products, and analytical and advisory services. IDA offers below-market-rate financing to the world’s poorest countries, primarily through credits and grants. IBRD funds itself through high-quality bonds offered in the international capital markets. IDA’s funding is traditionally from contributions by donor countries, including OECD countries and, increasingly, middle-income nations. Starting in 2018, IDA has also begun issuing bonds in capital markets. The World Bank holds itself accountable to its clients and shareholders through institutional mechanisms that monitor operational performance. These include the World Bank Corporate Scorecard, the IDA Results Measurement System, updates on policy commitments associated with the WBG Capital Package, and regular opportunities to discuss progress on operations with the Bank’s Executive Directors. The Bank also benefits from the expertise of the Independent Evaluation Group. The World Bank Corporate Scorecard is designed to provide a snapshot of the Bank’s overall performance in the context of development results. It facilitates strategic dialogue between Bank management and its Board of Executive Directors on progress made and areas that need attention. Through the Scorecard, the WBG reports on

26 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES its Scope 3 Greenhouse Gas emissions and finance directed at climate mitigation and adaptation. Aspects of financial sustainability are measured under the Scorecard’s Tier III, which reviews the overall success of Bank activities in achieving development goals and examines the effectiveness of Bank operations, including the performance of its lending portfolio. The IDA Results Measurement System (RMS) tracks results in countries supported by IDA as a key reporting and accountability tool for tracking progress and reporting results achieved by IDA during each replenishment cycle. Progress made on increasing the share of climate-related financing over total WBG commitments is reported as part of both IDA and CCAP updates, along with GHG emissions as another result indicator. The IDA RMS and Corporate Scorecard are both publicly available. The World Bank Group Capital Package was endorsed by shareholders during the 2018 Spring Meetings and included a historic $13 billion capital increase and ambitious set of internal reforms and policy measures, including climate change commitments. In response to the request by Governors, the WBG provides an annual update to the Development Committee on progress in implementing the Capital Package commitments. The Independent Evaluation Group (IEG) evaluates the development effectiveness of the World Bank Group. IEG work provides evaluative evidence to help the World Bank Group deliver better services and results to its clients. IEG does so by generating lessons from past experience and accountability to shareholders and stakeholders at large. IEG is independent of the management of the World Bank Group and reports directly to the Executive Board. IEG evaluates impact at the project level for every project that has closed and undertakes strategic or systemic evaluations. This response does not cover activities of the other three agencies of the World Bank Group. Some references to the World Bank Group have been made in this report as appropriate.

201-1: DIRECT ECONOMIC VALUE GENERATED AND DISTRIBUTED

In fiscal year 2020, IBRD’s net revenues totaled $2.4 billion ($2.3 billion and $2.16 billion for 2019 and 2018, respectively), and IDA’s net revenues were $1.8 billion ($1.7 billion and $1.65 billion for 2019 and 2018, respectively). Sources of IBRD revenues include net revenue from loans, net revenue from other Asset Liability Management derivatives and revenue from investments trading. IDA’s revenues include revenue from loans and from investments, net of borrowing costs. The financial performance of IBRD reflects the impact from the measures put in place in previous years to increase its financial capacity and ensure its long-term financial sustainability. In fiscal year 2020, IBRD’s administrative expenses were $1.23 billion ($1.17 billion and $1.18 billion for 2019 and 2018, respectively), and IDA’s administrative and development grant expenses for fiscal year 2020 were $3 billion ($9.2 billion and $6.43 billion for 2019 and 2018, respectively). The decline in IDA’s expenses was primarily driven by the decrease in development grant expenses, due to the timing of recognition of the grant expenses as a result of the implementation of a new accounting standard. Significant progress has been made to ensure budget spending discipline and efficiency, which has resulted in an improvement in the budget anchor (an efficiency measure that shows net administrative expenses as a percentage of loan spread revenue.) Visit the World Bank Group Finances page to better understand the business models of each entity. See the IBRD Management’s Discussion & Analysis (MD&A) and the IDA MD&A.

27 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES 201-2: FINANCIAL IMPLICATIONS AND OTHER RISKS AND OPPORTUNITIES DUE TO CLIMATE CHANGE

It is impossible to end extreme poverty and boost shared prosperity without addressing climate change. Without urgent action, climate change impacts could push an additional 100 million people into poverty by 2030. Natural disasters already cost low- and middle-income countries about $18 billion a year through damage to power generation and transport infrastructure alone. They also trigger much wider disruptions for households and firms, costing at least $390 billion a year. Climate change also acts as a multiplier, with the potential to make other development challenges much worse, often for the poorest and most vulnerable. For instance, it has been linked as a major driver of the current desert locust outbreak: unusual weather conditions exacerbated by climate change created ideal conditions for locust numbers to surge, while strong cyclones in typically arid areas of Africa and the Middle East helped disperse the swarms. At the same time, bold climate action can unlock major economic opportunities and jobs for the Bank Group’s client countries. A shift to low-carbon, resilient economies could create over 65 million net new jobs globally by 2030. Low-carbon, climate-resilient investments that could transform countries include expanding renewable energy access, boosting electric mobility and public transit, supporting climate-smart urban development, sustainably managing forests, improving agricultural practices and making better use of water resources. Investing in resilient infrastructure in developing countries could deliver $4.2 trillion over the lifetime of new infrastructure. Making infrastructure more resilient avoids costly repairs and minimizes the wide-ranging consequences of natural disasters for the livelihoods and well-being of people. It also unlocks significant economic benefits: an investment of $1, on average, yields $4 in benefits. To help our clients better understand and prepare for the risks of a changing climate, as well as unleash economic opportunities from action, the Bank Group is stepping up its mitigation, adaptation, and disaster risk management work and will increasingly look at all its business through a climate lens. Scaling up finance quickly is critical, but public budgets alone are not enough. In addition to direct financing, the Bank Group is also responding to country demand by mobilizing private investment and helping open low-carbon markets where they didn’t previously exist. The Bank Group is today the largest multilateral funder of climate investments in developing countries, accounting for nearly half of the total of climate finance from the MDBs—delivering $18.4 billion (out of a total of $41.5 billion in FY 2019). In 2016, the Bank Group committed to increase its climate financing to 28 percent of its portfolio by 2020, in response to client demand. This commitment is part of the Bank Group CCAP that laid out ambitious targets to be met by 2020 in such areas as clean energy, climate-smart agriculture, disaster risk management, and sustainable urbanization. Since 2018, the Bank Group has exceeded the climate finance target for three consecutive fiscal years. It has also exceeded the target set for adaptation, with the share of adaptation finance at 52% for IDA/IBRD for FY20. The Bank Group is also on track to meet or exceed other key objectives of the CCAP, such as supporting countries in their transition to clean energy, promoting energy efficiency and climate smart agriculture, and putting a price on carbon. Progress against the financing target is tracked in the Bank Group’s Corporate Scorecards, the IDA RMS, and updates on the WBG Capital Package. For each of these, annual climate-related commitments are tracked by measuring the share of climate-related financing in total commitments. A new set of climate targets for 2021-2025 will form the basis of an updated Climate Change Action Plan. These targets, which build on the WBG’s 2016 CCAP, will support countries in taking ambitious climate action, with a strong focus on increasing adaptation, leveraging private sector finance, and supporting increased systemic climate action at the country level. For details on climate-related projects, see http://www.worldbank.org/climatechange. Risks and opportunities and the subsequent implications of the Bank’s activities due to climate change are reported through the CDP disclosures. For the complete report, see www.cdp.net.

28 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES 201-3: DEFINED BENEFIT PLAN OBLIGATIONS AND OTHER RETIREMENT PLANS

The World Bank offers its staff defined benefit plans. Participation in the pension plan is mandatory. The Staff Retirement Plan (pension) and Retired Staff Benefits Plan (medical) assets are held in separate irrevocable trusts, and the Post Employment Benefit Plan assets (other benefits) are included in IBRD’s investment portfolio. The assets of the plans are used for the exclusive benefit of the participants and their beneficiaries, and represent the accumulated contributions paid into the plans net of benefit payments, together with the accumulated value of investment earnings, net of related expenses. The World Bank’s contribution to the pension plan is based on a specified funding methodology and varies from year to year in response to changes in the plan’s financial position. Employees participating in the gross plan (closed plan) contribute 7 percent of the pensionable gross salary. Employees in the net plan (open to new entrants) contribute 5 percent of their net salary to the mandatory cash balance component. Participants in the net plan may choose to contribute up to an additional 6 percent of their net salary to the cash balance. As of June 30, 2020, the value of accrued pension liabilities for IBRD/IDA was $23.5 billion, supported by assets of $19.3 billion held in a trust. The funded ratio (assets over liabilities) was 81.9 percent. Assets are evaluated at their fair value, and liabilities are measured as the Projected Benefit Obligation, discounted with high-quality corporate bond rates. The two amounts are estimated in full compliance with accounting principles generally accepted in the United States (U.S. GAAP).

201-4: FINANCIAL ASSISTANCE RECEIVED FROM GOVERNMENT

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

MANAGEMENT APPROACH: ECONOMIC IMPACTS

The World Bank is an important source of financial resources and technical assistance for developing countries around the world. It is not a bank in the ordinary sense, but a unique partnership formed by its member country governments to support economic development. Stakeholders—including member countries, investors, and partners from across civil society as well as the private sector, among other—recognize development as a key impact of the Bank’s business. The Bank supports a wide array of critical investments in areas such as education, health, public administration and institutional development, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management, among others. These investments aim to help countries grow their economies inclusively and sustainably; to build the human capital needed to help people seize economic opportunity; and to ensure that countries remain resilient in the face of global shocks or threats that could undermine progress in eliminating poverty. This topic applies to the World Bank’s operational impact. There is no specific limitation regarding the boundary of the topic(s).

29 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES When the World Bank provides governments with financing to invest in projects, it aims to ensure that people and the environment are protected from potential adverse impacts. It does so through policies that identify, avoid, and minimize harm to people and the environment. These policies require the borrowing governments to address certain environmental and social risks in order to receive World Bank support for investment projects. This includes, among other things, community consultations and public disclosure of key documents. The World Bank currently applies two sets of environmental and social policies: the Safeguard Policies, for projects with concept notes before October 1, 2018; and the ESF, for projects with concept notes after October 1, 2018. The ESF was adopted in August 2016. It will incrementally replace the Safeguard Policies; the two are expected to operate in parallel for about seven years. The ESF offers broader and more systematic coverage of environmental and social risks, including important advances on transparency, nondiscrimination, social inclusion, public participation, and accountability. The development of the ESF is managed by the World Bank’s Operations Policy and Country Services (OPCS) unit, which oversees the Bank’s operational policies and provides assistance to operations staff in their engagement with client countries. The World Bank holds itself accountable to its clients and shareholders through institutional mechanisms that monitor operational performance. These include the World Bank Corporate Scorecard, the IDA RMS, and regular opportunities to discuss progress on operations with the Bank’s Executive Directors. The Bank also benefits from the expertise of key units within and independent of the institution. The IEG aims to strengthen the World Bank Group’s development effectiveness through evaluations that assess results and performance and recommends improvements. IEG’s evaluations contribute to accountability and learning and inform the Bank Group’s new directions, policies and procedures, and country partnership frameworks. IEG’s annual Results and Performance of the World Bank Group report assesses the Bank Group’s efforts to mainstream environmental sustainability in its country- and project-level work.

203-1: INFRASTRUCTURE INVESTMENTS AND SERVICES SUPPORTED

Infrastructure development in sectors such as energy, transport, and digital technology is critical to accelerating inclusive economic growth, creating jobs, helping build human capital, and reducing poverty. The World Bank supports governments through analysis and advice, financial instruments, and convening power, and by providing a solid evidence base to help them make informed decisions for improving the accessibility and quality of infrastructure services. This includes, where appropriate, using public-private partnerships and other ways to leverage private sector financing and expertise. World Bank investment project financing is based on the long-term (five- to ten-year) horizon and supports a wide range of activities, including capital-intensive investments, service delivery, credit and grant delivery, and institution building. Through its high-quality rating in the capital markets, the World Bank is able to raise funds at favorable market terms and pass the savings on to its borrowing members. Building modern, sustainable, and reliable infrastructure is critical for meeting the rising aspirations of billions of people around the globe. A significant increase in infrastructure investments in developing countries is needed to achieve poverty reduction and shared prosperity, reach the Sustainable Development Goals, and tackle climate change. To meet these goals, infrastructure projects must follow rigorous environmental and social standards, and be fiscally sustainable. When a project is completed and closed, the World Bank and the borrower document the results achieved; any implementation issues encountered; the lessons learned; and the knowledge gained from carrying out the project. The World Bank compiles this information and data in an Implementation Completion and Results Report (ICR), using input from the borrower’s implementing agency, co-financiers, and other partners/stakeholders. The reports describe and evaluate final project outcomes. These outcomes are compared against expected results. IEG also conducts evaluations of selected projects to measure outcomes against the original objectives, sustainability of results, and institutional development impact. ICR and IEG evaluations can be accessed online.

30 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES The COVID-19 pandemic presents a major shock to infrastructure. The Bank is helping governments take stock of projects and contracts, prioritize planned projects based on changing priorities, and build resilience for future shocks such as natural disasters, climate change, and pandemics. We are also convening government ministries around the world to exchange experiences and recommendations as they address the challenges posed by the outbreak. • For more information on infrastructure projects financed by the World Bank in fiscal year 2020, see the World Bank Annual Report 2020. • For information on public-private partnerships. • For information on World Bank energy projects. • For information on World Bank extractive industries projects. • For information on World Bank transport projects. • For information on World Bank digital technology projects. • For more information on World Bank products and services.

203-2: SIGNIFICANT INDIRECT ECONOMIC IMPACTS

The SDGs adopted by the UN General Assembly in 2015, are 17 targets in areas such as health, gender, jobs, and poverty reduction that are part of a comprehensive global agenda to end poverty in a single generation. The SDGs were formulated with strong participation from the World Bank and are fully consistent with the Bank’s own goals to alleviate poverty and promote shared prosperity in a sustainable manner. The World Bank helps catalyze the SDGs and the rest of the 2030 agenda through its thought leadership, global convening power, and country-level uptake. It is working with client countries to deliver on the 2030 agenda through three critical areas—finance, data, and implementation—and by supporting country-led and country-owned policies to attain the SDGs. Global efforts around the SDGs will guide the World Bank’s partnership efforts, especially with UN institutions, through 2030.

MANAGEMENT APPROACH: PROCUREMENT

Procurement practices are material to both the World Bank’s corporate and operational boundaries. The supply chain was identified as a key impact area by stakeholders, including sustainable and impact investors, and represents an important means of supporting strategic priorities of the World Bank Group through our purchasing power. Corporate Procurement: The Bank Group’s Corporate Procurement unit is responsible for coordinating and overseeing the sourcing strategy, selection, and contract execution for Bank offices around the globe, including adherence to the Bank’s policies on socially and environmentally responsible corporate procurement policies. For lower-value procurement in country offices, responsibility for purchases sits with the country office management, with oversight provided by the Corporate Procurement unit. Around 60 percent of purchases of goods and services occurs at headquarters in Washington, DC, with the other 40 percent divided among the Bank Group’s country offices. Many of the impacts from the procurement of goods and services are not directly caused by the Bank Group but occur as a result of its business relationship with suppliers. The Bank Group’s supply chain impacts are potentially the largest of its sustainability effects, with annual purchasing averaging between $1.6 and $2

31 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES billion. Initial analysis of supply chain emissions from purchased goods and services show that these indirect, scope 3 greenhouse gas emissions account for 3-4 times our direct (scope 1 and 2) greenhouse gas emissions. To mitigate potential impacts, the Bank Group identifies major impacts in each purchasing category, and uses mandatory specifications, evaluation criteria, and contract management to reduce the indirect impact of goods and services delivered to the Bank Group. Major corporate material purchases (including office construction and renovations, paper, computers, and furniture) are made with environmental life-cycle assessments in mind, and they incorporate mandatory sustainability specifications as well as evaluation criteria to reward sustainability best practice. A sustainability framework for corporate procurement has been approved by the World Bank Group Procurement Committee and endorsed by the Corporate Responsibility Oversight Committee. It is being implemented to manage the sustainability impacts of Bank Group purchases and better connect these purchases to supporting the Bank Group’s strategic priorities. The World Bank has analyzed the inherent impacts of major categories of Bank Group purchases and is prioritizing those categories that have higher inherent sustainability impacts for interventions within the procurement process. These include purchases in categories such as building construction and renovation, IT hardware, food and catering services, among others. Review of purchases in these categories is overseen by the Sustainability Manager, sitting within the Bank Group’s Corporate Procurement unit, independent of their value. The framework mandates the identification and mitigation of major sustainability impacts for high-priority categories such as IT equipment, building-related services, and others. High-value procurement with contract values over $1 million must address the sustainability impacts and mitigation efforts of the purchase in presentations to governance committees composed of Senior Management, which review all high-value procurement contracts to ensure that socially and environmentally responsible criteria are present from the project’s outset. The purpose of the management approach for the Bank’s corporate procurement practices is to enhance positive impacts of purchases where possible, and to avoid or mitigate negative impacts where required. Operational Procurement: Operational procurement relates to purchases made under the international development projects financed by the World Bank. The main types of operational procurement financed by the Bank are: 1. Infrastructure and major plant and equipment, e.g., railways, power stations, water treatment plants, generators, wind turbines, pumps, rail stock, etc.; 2. Critical supplies, e.g., emergency medical supplies, equipment, pharmaceuticals (such as for COVID-19 response projects), shelters, food, etc.; 3. Information technology, e.g., computers, mobile phone networks, etc.; 4. Consultancy services, e.g., engineering design and supervision, technical assistance, tax collection advice, research and development, etc.; and 5. Other services, e.g., aerial surveying, cartography, site investigations, etc. Finance is provided to borrowers (Bank clients), through Investment Project Financing (IPF) where operational procurement activities take place. Procurement in IPF operations helps borrowers achieve value for money and ensure integrity in delivering sustainable development. Operational procurement opportunities are overseen by the World Bank, mainly through the Bank’s regional teams or its global practice units. As projects arise, they are allocated to a Team Leader, usually based in the country that is responsible for implementing the project. In fulfilling this function, the Bank takes a risk-based approach. In operational procurement the borrower is the buyer, not the Bank, and is required to follow certain rules, either the Bank’s previous Procurement Guidelines (for goods, works and non-consulting services) and Consultant Guidelines (for the selection and employment of consultants); or the Procurement Regulations for IPF Borrowers (introduced on July 1, 2016). Through IPF, $15-24 billion of operational procurement is supported annually in over 130 borrowing countries. This creates a material contribution to global development outcomes.

32 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES When the Bank provides governments with financing to invest in projects, such as building a road, connecting people to electricity, or treating wastewater, it aims to ensure that the people and the environment are protected from potential adverse impacts. The Bank does this through policies that identify, avoid, and minimize harm to people and the environment. These policies require the borrowing governments to address certain environmental and social risks in order to receive World Bank support for investment projects. Operational procurement is carried out in accordance with the World Bank’s Procurement Framework and other operations policies including the Bank’s Environmental and Social Policies. Operational procurement grievance mechanisms are explained in the Bank’s Procurement-Related Complaints guide. Integrity is governed by the Bank’s sanctions framework and anti-corruption guidelines. Specific actions include enhancements to the Bank’s Operations Procurement standard bidding documents to include additional criteria on Environmental, Health and Safety and Social matters, including, among others, enhancements to the prevention of gender-based violence. The Bank also provides seminars and webinars on Environmental, Health and Safety, and Social matters. The Bank’s new ESF includes information on assessment and management of environmental and social risks and impacts, labor and working conditions, resource efficiency, pollution prevention and management, and more. Operational procurement practices are audited by the Bank’s Internal Audit Department and by the Bank’s external auditors. The Bank’s Independent Evaluation Group also periodically reviews performance on operational procurement. For more, see The World Bank Group and Public Procurement – An Independent Evaluation.

204-1: PROPORTION OF SPENDING ON LOCAL SUPPLIERS

Corporate Procurement: The World Bank currently uses in-country vendors as the definition for “local.” If the office address for the vendor in our system is in the country where the service occurs, then it is considered local and the assumption is made that it is employing and conducting business locally. For the Bank’s corporate procurement, significant locations of operation include major World Bank offices located in Washington, DC, as well as field offices with more than 100 employees. The Bank Group is refining its approach to local vendor screening, leveraging the newly established category management and electronic tendering system. Commodity segmentation has been completed, and the identification and inclusion of local criteria in the screening and evaluation process is underway. A new eProcurement system capable of tracking spend with local suppliers has encountered delays and will be launched by the end of 2020, with the intention of reporting spend with local suppliers in the next reporting period. Operational Procurement: For World Bank operational procurement, “local” is defined as a procurement supplied to a borrower by a supplier registered in the country of the borrower. For the Bank’s operational procurement, significant locations are defined as any country that borrows Investment Project Financing from the World Bank. Of operational procurement, 45.5 percent was from suppliers registered in borrower countries in fiscal year 2020, totaling $3,240 million out of $7,126 million.

MANAGEMENT APPROACH: ANTI-CORRUPTION

The World Bank Group considers corruption a major challenge to its goals of ending extreme poverty by 2030 and boosting shared prosperity for the poorest 40 percent of people in developing countries. In addition, reducing corruption is at the heart of the SDGs, in particular SDG16 on fostering peace, justice, and strong institutions. It is a priority for the Bank Group and many of its partners. The Bank Group has included Governance and Institutions as a theme in both its IDA18 and IDA19 cycles (over the years 2017-20 and 2020-23, respectively) to underscore the importance of the issues in achieving development results on the ground. Operations across sectors systematically incorporate governance and anticorruption measures into project design. The objective is to better mitigate corruption and fiduciary risks and ensure

33 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES that development funds are used for their intended purposes. Stakeholders, which include IBRD and IDA shareholders (the Boards), as well as sustainability and impact investors, recognize anti-corruption as highly relevant to the Bank’s business impact. At Transparency International’s International Anti-Corruption Conference in October 2018, the Bank Group joined 21 governments and nine international organizations in reaffirming its commitment made at the global Anti-Corruption Summit in May 2016 to confront corruption as a core development issue wherever it exists and to support integrity in public sector institutions. In 2018, the Bank Group gave updates on how it is: • building the capacity of country clients to deliver on their commitments to enhance transparency and reduce corruption; • enhancing its support for implementation of anti-money-laundering requirements and for the recovery of stolen assets; and • extending its work on tax reform, illicit financial flows, procurement reform, and preventing corrupt companies from winning state contracts. The Bank Group participates in a number of other collective action initiatives at the regional and global levels, including: (i) leadership in creating international transparency standards (Global Initiative on Financial Transparency, Open Contracting Standard, Asset Disclosure Standards), and support for the implementation of open government (through the Open Government Partnership); (ii) active assistance in implementing transparency and accountability efforts such as the Extractive Industries Transparency Initiative, Publish What You Pay, Fisheries Transparency, and anti-money-laundering rules; (iii) engagement and active support for international alliances and regional anti-corruption forums, such as the Latin America Regional Parliamentary Network; and (iv) engagement in international forums on anti-corruption, including the G20 Anti-Corruption Working Group, the Financial Accountability Task Force, and the OECD Anti-Corruption Task Team. This topic is material within the Bank’s operational boundary. The World Bank Group’s anti-fraud and anti-corruption efforts fall under the purview of the Board of Executive Directors’ Audit Committee, which oversees the operation of the Bank Group sanctions regime and makes key decisions as to its policies and function. The sanctions system is also supported by a high-level Sanctions Advisory Committee (SAC), chaired by the Managing Director and World Bank Group Chief Administrative Officer. As a Bank Group-wide specialized governance body, the SAC provides important oversight over time to identify and address any policy gaps and to facilitate dialogue among key stakeholders. In 2018 and 2019, the SAC renewed its terms of reference and began more active engagement with stakeholders, including through operation of multiple working groups and coordination of dynamic bilateral and group consultations among Bank Group sanctions units. The Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants (revised as of July 1, 2016) are designed to prevent and combat fraud and corruption that may occur in connection with the use of the proceeds of financing from IBRD or IDA during the preparation and implementation of projects. The guidelines set out the general principles, requirements, and sanctions applicable to persons and entities that receive, are responsible for the deposit or transfer of, or take or influence decisions regarding the use of such proceeds. The Integrity Vice Presidency (INT) is an independent unit within the Bank Group that investigates and pursues sanctions related to allegations of fraud and corruption in Bank Group-financed projects. INT supports the main business units of the Bank Group and external stakeholders, mitigating fraud and corruption risks by sharing investigative findings, advice, prevention, and outreach efforts. The Governance Global Practice helps client countries build capable, efficient, open, inclusive, and accountable institutions. Such institutions are better able to deliver services and provide public goods fairly and efficiently, with lower levels of corruption. Tailoring efforts to country contexts, Governance and other global practices work to strengthen accountability institutions, harness digital technology, and maximize transparency to help countries control corruption. The Ethics and Business Conduct Department (EBC) helps staff assess whether their personal and professional activities follow Bank Group rules. Under EBC’s Staff Rule 3.00, EBC also diagnoses and manages allegations of misconduct (e.g. discrimination, harassment / sexual harassment, retaliation, abuse of authority, misuse of

34 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES resources, failure to meet personal legal obligations, and other violations of Bank Group rules and policies). When staff request advice from EBC on conflicts of interest, they jointly analyze the situation and discuss alternatives. EBC also actively helps staff identify whether their situations involve conflicts of interest that need to be addressed. Through the Declaration of Interests program that EBC manages, staff members undergo an annual review of their personal, financial, and business interests so that the Bank Group can be protected from apparent and real conflicts. This year, the program has been expanded to include most professional staff at IFC, with the number of filers increasing from over 2,000 to more than 4,500.

205-1: OPERATIONS ASSESSED FOR RISKS RELATED TO CORRUPTION

INT assesses and investigates allegations of corruption involving Bank Group financing. In fiscal year 2020, INT opened 46 external investigations into possible fraud, corruption, collusion, coercion, and obstruction in 59 Bank Group-financed projects in 33 countries. INT completed 29 Final Investigation Reports that substantiated the sanctionable practice of corruption. The reports summarized the investigation of 40 IBRD/IDA projects totaling $8.3 billion and included review of 70 contracts totaling $974 million. For staff who work on projects, keeping attuned to risks arising from investigations and forensic audits is critical to ensuring that high-risk operations, in particular, are able to deliver results. During project preparation, World Bank experts perform due diligence screening to identify integrity risks, including for Volcker Triggers, which means that a proposed operation is in the same country and sector as an ongoing or recently completed INT investigation. In fiscal year 2020, INT identified 118 Volcker Triggers and alerted the relevant project teams and senior management so that the risks could be addressed through strengthened project design or supervision.

205-2: COMMUNICATION AND TRAINING ABOUT ANTI-CORRUPTION POLICIES AND PROCEDURES

All Bank Group employees receive an overview of relevant staff rules and how to report suspected corruption issues within the institution. INT has also developed and continues to promote an e-learning course on dealing with fraud and corruption and staff’s role in mitigating integrity risks, which is recommended for all staff. For all new Executive Directors of the Board and their staff, INT provides an overview of its mandate, structure, and case portfolio, and highlights relevant issues during the Board Induction program. The Board’s Audit Committee, made up of eight Executive Directors, is briefed in more detail twice a year on these activities. In fiscal year 2020, 47 Executive Directors, Advisors, and Senior Advisors attended INT’s Integrity Clinic. This event raises awareness about how corruption can impact Bank Group- financed projects, so that Board members are better able to assess projects before approving them. The Bank Group has harmonized investigative procedures and definitions of sanctionable practices (including corruption) with the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, and the Inter-American Development Bank. Firms and individuals that are sanctioned and debarred by the Bank Group must meet specific conditions, such as establishing and implementing an effective corporate compliance program or improving an existing program, before they become eligible again to bid on Bank Group-funded projects. These conditions are based on the Integrity Compliance Guidelines. At the end of fiscal year 2020, 327 entities had been sanctioned with such conditions. In fiscal year 2020, the Integrity Compliance Office notified 39 newly debarred entities of their conditions for release, and 18 entities met their conditions for release.

35 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES 205-3: CONFIRMED INCIDENTS OF CORRUPTION AND ACTIONS TAKEN

Of 33 substantiated cases in fiscal year 2020, six involved corruption by firms or individuals working on Bank Group-funded projects. Two Bank Group employees were dismissed or disciplined for corruption in fiscal year 2020. No corporate vendors were debarred for violations related to corruption in fiscal year 2020. No public legal cases regarding corruption were brought against the Bank or its employees in fiscal year 2020.

36 WORLD BANK GRI INDEX 2020 ECONOMIC DISCLOSURES : : GRI 200 ECONOMIC STANDARDS SERIES Environmental Disclosures

GRI 300 Environmental Standards Series

MATERIAL TOPICS: MATERIALS, ENERGY, WATER, BIODIVERSITY, CARBON EMISSIONS, WASTE

Stakeholders of the World Bank, including Sustainable and Impact Investors, recognize that the materials, water, and energy used and the waste and greenhouse gas (GHG) emissions generated in the Bank’s internal operations and the associated supply chain practices are highly relevant to its business impact. Reducing the Bank’s environmental impact by minimizing its consumption, maximizing the use of recycled or renewable alternatives, and increasing diversion from landfill helps ensure that resources are available for future generations. This topic applies to the World Bank’s corporate impact boundary. This response does not cover activities of the other agencies of the World Bank Group. Some references to the Bank Group have been made in this report as appropriate. Since data from country offices lag by one year, fiscal year 2019 data for both Washington, DC, headquarters and country offices regarding energy, GHG emissions, and water are presented in the 2020 GRI.

MANAGEMENT APPROACH: MATERIALS

Key materials in World Bank corporate operations include paper, furniture, office supplies, information technology, and consumables related to food service. The World Bank identifies products and services with large environmental impacts or those that it procures in large amounts. The Bank then works to identify environmentally-and socially-preferable alternatives. Quarterly reports from key suppliers reflect the percentage of products that meet key environmental criteria, such as the percent of recycled content, environmental certifications including Energy Star ratings and Forest Stewardship Council (FSC) certification, and other sustainability criteria. The Bank also recently instituted a preferred-vendor policy to consider purchasing from competitive women-owned businesses before considering other vendors. Responsibility for managing this impact falls with the Sustainability Manager in the Bank’s Corporate Procurement unit.

301-1 : TOTAL WEIGHT OR VOLUME OF MATERIALS THAT ARE USED TO PRODUCE AND PACKAGE THE ORGANIZATION’S PRIMARY PRODUCTS AND SERVICES

In fiscal year 2020, the total amount of non-renewable materials used was 100 metric tons, including 37 tons of electronic equipment, and 63 tons of office products. In the same period, the total amount of renewable material used was 277 tons, including 204 tons of paper and 50 tons of food-service-related consumables. A phase out of plastic bottles at the Bank’s headquarters was completed early in fiscal year 2019. The plastic water bottles were replaced with glass bottles and boxed water along with the installation of additional water fountains.

37 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES Materials Used (metric tons) FY20 FY19 FY18 Total non-renewable materials 100 185 252 Electronic equipment 37 9 36 Office products 63 172 116 Bottled water (plastic) 0 4 100 Total renewable materials 277 455 590 Paper 204 358 501 Bottled water (glass) 23 35 27 Food-service related consumables (includes carry out 50 62 62 containers, cups, cutlery and napkins)

301-2: PERCENTAGE OF RECYCLED INPUT MATERIALS

The World Bank is committed to using resources that are made from recycled or rapidly renewable materials for its internal operations. The largest material purchases include paper, office supplies, office furniture, cafeteria napkins, and electronics. • Paper: World Bank standard copier and printer paper is 100 percent recycled content and FSC-certified. The Bank tracks the percentage of all paper used at the institution that was made of recycled content. In fiscal year 2020, 54 percent of paper used was made from 100 percent post-consumer waste recycled content, while 46 percent consisted of 10 to 85 percent recycled content. • Office products: The Bank also tracks the percentage by weight of all items purchased from its office supply vendor that contain at least 10 percent post-consumer recycled content. In fiscal year 2020, 22 percent of all purchases from the office supply vendor contained at least 10 percent post-consumer recycled content. This is up from 17 percent of all purchases in prior years. • Furniture: The majority of furniture in use at the World Bank has been refurbished or reupholstered. • Food-service consumables: In the Bank’s food services, all cafeteria napkins are made from 100 percent recycled fibers (20 percent of which is post-consumer recycled fibers) and produced with a 100 percent bleach-free process. In fiscal year 2020, the Bank purchased 2.97 tons of napkins. • Electronic equipment: The Bank also uses sustainability criteria for its information technology purchases to ensure components of computers, laptops, and monitors are made of recycled input materials. The percentage of recycled components in technology purchases is not tracked.

38 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES MANAGEMENT APPROACH: ENERGY

Combustion of fossil fuels is a leading driver of human-driven climate change. The World Bank manages its energy use carefully by tracking use in each owned facility. Quarterly tracking of the Bank’s energy use is evaluated by the Director of Global Corporate Solutions. Energy use is evaluated as an absolute figure and on an intensity basis to determine progress. Responsibility for increasing the energy efficiency of the Washington, DC, headquarters campus, with the vision of bringing all owned facilities to LEED minimum requirements or equivalent standard, as appropriate, falls with the Senior Manager for Corporate Real Estate in the Bank’s Global Corporate Solutions Department. This topic applies to the World Bank’s corporate impact boundary. Data on energy use lags by one year. For more information, see: http://worldbank.org/corporateresponsibility.

302-1: ENERGY CONSUMPTION WITHIN THE ORGANIZATION

Fuel combustion onsite includes natural gas, propane, gasoline, and diesel fuel as well as gasoline and diesel fuel for owned vehicles. The decrease from fiscal year 2018 to fiscal year 2019 was due to decreased use of generator diesel and vehicle fuel. Fuel consumption from renewable resources is not tracked because data from fuel providers globally are not appropriately detailed.

Onsite global fuel use (GJ) FY19 FY18 FY17 Total 61,659 68,594 85,861

Electricity, cooling, and steam consumption is provided in the table below. The World Bank does not purchase heating, such as district heating, for consumption, or sell any electricity, heating, cooling, or steam.

Purchased Energy Consumption (GJ) FY19 FY18 FY17 Total 396,656 405,953 420,295 Electricity 392,156 399,551 414,418 Cooling 748 1,184 5 Steam 3,752 5,217 5,873

Total global energy use from onsite fuel use includes vehicle fuel use, and purchased electricity, cooling, and steam. In fiscal year 2019, data was collected from the Bank’s 157 country office facilities outside of the United States.

39 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES Total Energy Consumption (GJ) FY19 FY18 FY17 World Bank Total Energy 458,315 474,547 506,156 U.S. facilities and vehicles 295,673 307,651 316,337 Country office facilities and vehicles 162,642 166,896 189,819

Information about World Bank standards, methodologies, and assumptions used, including conversion factors, can be found in the World Bank Group’s Inventory Management Plan for fiscal year 2019.

302-2: ENERGY CONSUMPTION OUTSIDE OF THE ORGANIZATION

Energy consumption outside the organization includes fuel used in contractor-owned vehicles as well as commercial airlines used for employee business travel. Data for fuel use in commercial airliners are not available as this information is not provided by commercial airlines.

Total Energy Consumption (GJ) FY19 FY18 FY17 Contractor-owned vehicles 18,467 19,808 20,328

Information about World Bank standards, methodologies, and assumptions used, including conversion factors, are in the World Bank Group’s Inventory Management Plan for fiscal year 2019.

302-3: ENERGY INTENSITY

Overall, there was a decrease in energy use in the Bank’s 157 global locations (U.S. and country office facilities) from fiscal year 2018 to fiscal year 2019. In fiscal year 2019, there was continued reduction of energy use (increased efficiency) for owned and managed offices at headquarters in Washington, DC, as well as at owned and managed country offices, which are the largest source of emissions from buildings.

Energy Intensity (GJ/m2) FY19 FY18 FY17 World Bank Energy Intensity (GJ/m2) 0.74 0.77 0.81 Total energy (GJ) 458,315 474,547 506,156 Total occupied square meters ( m²) 619,883 612,330 624,568

The energy intensity ratio is based on total occupied square meters. This ratio includes all energy (onsite combustion fuel, mobile combustion fuel, electricity, cooling,

40 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES and steam) used to conduct business operations. The ratio includes only energy consumption within the organization.

302-4: REDUCTION OF ENERGY CONSUMPTION

In fiscal year 2019, the Bank’s global energy usage within the organization (scope 1 and 2) was reduced by 16,232 GJ, predominately through reductions in electricity use. The Bank invested in energy reduction and efficiency initiatives at the headquarters offices and several non-U.S. offices, which includes the following projects: • Headquarters has an ongoing project to upgrade to LED lights; the main headquarters building’s electricity consumption was down 1,402 GJ between fiscal year 2018 and fiscal year 2019. • Headquarters “J” building had its air handler unit replaced. Reduction reporting is based on major initiatives taken in fiscal year 2019. Reductions are calculated between fiscal years. The base year reduction in this case is fiscal year 2018. Methodologies and assumptions for calculating reductions are specific to each initiative and are sourced from engineering proposals.

MANAGEMENT APPROACH: WATER SECURITY

The world will not be able to overcome the sustainable development challenges of the 21st century-including human development, livable cities, climate change, food security, and energy security-without improving management of water resources and ensuring access to reliable water and sanitation services. Quarterly evaluation of the use of water, like other utilities, is conducted by the Director of Global Corporate Solutions. Water use is evaluated both as an absolute figure and on an intensity basis to determine progress. Responsibility for increasing the water efficiency of the Washington, DC, campus, falls with the Senior Manager for Corporate Real Estate in the Bank’s Global Corporate Solutions Department. This topic applies to the World Bank’s corporate impact boundary. In fiscal year 2020, to maximize our facilities’ operational efficiency, the Bank commissioned a series of audits for buildings at headquarters, including for water, waste, and energy, as well as in country offices, starting with two of our larger offices in Chennai, India, and Nairobi, Kenya. Due to the COVID-19 global pandemic, the waste and energy audits in HQ are now planned for FY21.

303-3: WATER WITHDRAWAL BY SOURCE

Of the total 299.1 megaliters of water usage globally in fiscal year 2019, 184.7 megaliters of municipal water was used in the Washington, DC, offices, primarily for domestic and drinking water purposes. Offices outside the United States reported a total of 114.4 megaliters of water used.

Water Usage (megaliters) FY19 FY18 FY17 US facilities 184.7 226.7 187.1 Country office facilities 114.4 117.2 195.4

The Washington, DC, offices use municipal water supply from the Potomac River watershed. No surface water, groundwater, rainwater collected by the organization,

41 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES or wastewater from other organizations was used in the Washington offices in fiscal year 2019. For offices outside the United States this information is not currently collected. The Bank is building systems to collect this information. Water use is based on utility bills from the local water utility, DC Water, in Washington, DC, and from utility bills or meters in those non-U.S. offices that are able to report.

MANAGEMENT APPROACH: BIODIVERSITY

Biodiversity supports economic growth and human well-being. It is essential for sustainability and to maintain ecological as well as social resilience to disturbances such as climate change. The world is experiencing a dramatic loss of biodiversity, which has negative effects on livelihoods, water supply, food security, and resilience to extreme events. It has consequences for 78 percent of the world’s extreme poor who live in rural areas, many of whom rely on ecosystems and the goods they produce to make a living. The World Bank estimates that crimes affecting natural resources and the environment inflict damage to developing countries worth more than $70 billion a year. The livelihoods, welfare, and safety nets of the rural poor, especially women, are often inextricably dependent on natural and semi-natural ecosystems. Biodiversity is especially significant for the 300 million Indigenous Peoples of the world for many of whom nature, apart from being a source of livelihood and well-being, is the foundation for their cultural and spiritual identities. This topic applies to the World Bank’s operational impact boundary. The World Bank’s Environment, Natural Resources, and Blue Economy Global Practice works with national and local stakeholders to improve natural resources management. We address biodiversity through country-specific and regional projects, for example: 1. Dedicated conservation projects, including with the GEF, such as the South Africa iSimangaliso Wetland Park; the Amazon Landscape Program; and the Global Wildlife Program (supported by GEF plus IDA and Trust Funds); 2. Broader agricultural and natural resource management projects (including landscape-level interventions), such as in Burundi where biodiversity-friendly shade coffee in the Sustainable Coffee Landscape Project is being scaled up to a larger agriculture project; the Sahel and West Africa Program in support of the Great Green Wall (funded by GEF plus IDA and Trust Funds); and Colombia Sustainable Cattle Ranching (funded by GEF and Trust Funds); and 3. Infrastructure and other large-scale development projects that address biodiversity conservation in order to maintain environmental services, mitigate adverse impacts, and enhance biodiversity outcomes, such as the Cameroon Lom Pangar Dam and Lao Nam Theun 2 Dam. Both support large conservation areas as biodiversity offsets. Wherever feasible, Bank-financed projects are sited on already converted lands to preserve critical natural habitats. The World Bank does not support projects that involve the significant conversion or degradation of critical 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. In response to a 2013 Independent Evaluation Group review of the Bank’s portfolio in the forest sector, the WBG developed a Forest Action Plan for fiscal years 2016-2020 that aims to boost the potential of forests to lift people out of poverty and generate lasting social, economic, and environmental returns in developing countries. Forests and trees provide vital resources and ecosystem services for humanity by regulating climate and hydrological systems. The number of people deriving direct and indirect benefits from trees in the form of employment, forest products, and contributions to livelihoods and incomes is estimated at $1.3 billion.

42 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES 304-2: SIGNIFICANT IMPACTS OF ACTIVITIES, PRODUCTS, AND SERVICES ON BIODIVERSITY

The World Bank mandates that projects with a Project Concept Note review carried out in fiscal year 2019 or later apply its ESF during project preparation and implementation. In addition, the World Bank has a redress mechanism to address any questions that might arise from stakeholders or civil society during implementation. The ESF enables the World Bank and Borrowers to better manage environmental and social risks of projects and to improve development outcomes. It intends to prevent or mitigate impacts and, whenever possible, increase positive impacts on biodiversity generated by investments supported by the World Bank. The ESF has an ESS specifically on biodiversity, ESS6: Biodiversity Conservation and Sustainable Management of Living Natural Resources. ESS6 recognizes that protecting and conserving biodiversity and sustainably managing living natural resources are fundamental to sustainable development and it recognizes the importance of maintaining core ecological functions of habitats, including forests and the biodiversity they support. ESS6 also addresses sustainable management of primary production and harvesting of living natural resources and recognizes the need to consider the livelihood of project-affected parties, including Indigenous Peoples, whose access to, or use of, biodiversity or living natural resources may be affected by a project.

304-3: HABITATS PROTECTED OR RESTORED

The World Bank portfolio from 2014-2019 supported $845 million of direct investments by its borrowers/grantees in conservation and sustainable use of biodiversity across 67 projects worth $3.1 billion that funded interventions in sectors such as forestry, agriculture, and sustainable livelihoods. Within the portfolio, 31 projects specifically support 120 terrestrial protected areas and 90 marine protected areas through the protection, maintenance, and rehabilitation of natural habitats using project financing, policy, and advisory work. The projects cover a wide range of biomes including savanna, forests, drylands, grasslands, marine, and coastal habitats across the world. In Latin America and the Caribbean region, eight projects support 27 terrestrial protected areas and 46 marine protected areas. In Africa, 10 projects support 37 terrestrial protected areas. In South Asia and the East Asia Pacific region, 10 projects support 51 terrestrial protected areas and 41 marine protected areas. In East and Central Asia, one project supports two protected areas and in the Middle East and North Africa, two projects support 3 terrestrial protected areas and 3 marine protected areas. In total, through World Bank support, approximately 115 million hectares of new marine protected areas and over 24 million hectares of new terrestrial protected areas will be or have been created. The World Bank also supported investments in habitat restoration covering more than one million hectares through 18 projects. The World Bank is a development agency that supports governments in achieving conservation and development goals. As such, the World Bank itself is a third party ensuring that governments and executing agencies have achieved success through supervision work. Some of the partnerships that exist and are supported by the World Bank include: the Global Partnership on Wildlife Conservation and Crime Prevention for Sustainable Development, the International Consortium on Combating Wildlife Crime, the Amazon Sustainable Landscapes Program, the SAHEL Initiative, the Great Green Wall Initiative, and AFR100.

MANAGEMENT APPROACH: CARBON EMISSIONS

Addressing climate change is part of the World Bank’s core mission of helping countries end extreme poverty and boost shared prosperity in a sustainable manner. Climate change threatens to erode development gains around the world, and its effects are greatest on the poorest and most vulnerable countries, which are the World Bank’s clients. The Bank continues to deepen its efforts to measure, reduce, offset, and report GHG emissions associated with its global internal operations, including

43 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES 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 in accordance with the World Resources Institute and World Business Council for Sustainable Development’s GHG Protocol. Additional information on proxies, emissions factors, and the complete boundary are available in the World Bank Group’s annually updated Inventory Management Plan. A third party periodically verifies the Inventory Management Plan and the GHG inventory to ensure they meet international best practices. In fiscal year 2019, the Bank Group announced a new corporate carbon emissions reduction target to reduce direct and indirect carbon emissions from its global facilities by 28 percent by 2026, from a 2016 baseline. As part of this effort, in fiscal year 2020, the Bank Group signed the Cool Food Pledge, committing to reduce food-related emissions from cafeterias, coffee bars, and catering operations at headquarters by 25 percent by 2030. Responsibility for minimizing GHG emissions from Washington, DC, headquarters campus and country offices falls under the Bank’s Regional Management Teams, headed by Regional Vice Presidents, as well as the Director of Global Corporate Solutions. This topic applies to the World Bank’s corporate impact boundary. The COVID-19 pandemic impacted intended progression towards sustainability goals, including a delay in conducting an energy audit of the headquarter campus. Gases included in all calculations are CO2 , CH4 , N2O, and HFCs. There are no known emissions of PFCs, SF6 or NF3 , as detailed in the World Bank Group’s Inventory Management Plan. There are no biogenic CO2 emissions. Base year for this calculation is fiscal year 2016, which began on July 1, 2015. Fiscal year 2016 was chosen as the base year because the previous target was ending. Information on methodology, emissions factors, Global Warming Potential (GWP) rates, and consolidation approach are in the Inventory Management Plan for fiscal year 2019. For more information, see https://www.worldbank.org/corporateresponsibility.

305-1: DIRECT (SCOPE 1) GHG EMISSIONS

The World Bank measures direct GHG emissions for its internal operations based on site-specific data for facilities. Estimates are made for those facilities with missing data. In fiscal year 2019, there was an overall decrease in World Bank Scope 1 emissions from fiscal year 2018.

Scope 1 emissions (mtCO2e) FY19 FY18 FY17 FY16 (Base year) World Bank total 7,114 8,490 7,829 6,970 U. S. facilities and vehicles 631 877 944 975 Country office facilities and vehicles 6,482 7,613 6,885 5,996

305-2: ENERGY INDIRECT (SCOPE 2) GHG EMISSIONS

The World Bank measures indirect GHG emissions for its internal operations based on site-specific data for facilities. Estimates are made for those facilities with missing data. In fiscal year 2019, Scope 2 emissions from the Bank’s global offices continued to decrease, to 42,654 mtCO2e.

44 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES Scope 2 emissions (mtCO2e) FY19 FY18 FY17 FY16 (Base year) World Bank total 42,654 43,663 45,139 46,050 US 27,569 28,317 29,151 32,725 Country offices 15,085 15,346 15,988 13,325

305-3: OTHER INDIRECT (SCOPE 3) GHG EMISSIONS

The World Bank measures indirect GHG emissions from air travel by Bank employees, as well as delegate air travel, and other indirect emissions associated with major meetings that the Bank organizes. In fiscal year 2012, the Bank began measuring GHG emissions from contractor-owned vehicles. In fiscal year 2019, these emissions totaled approximately 103,629 mtCO2e, a slight increase from fiscal year 2018 emissions of 102,139 mtCO2e. This increase can be attributed to increased business travel and the implementation of a new business-travel emissions calculation methodology—we are now using the ICAO calculator rather than the previous methodology, the UK DEFRA emission factors. Base year emissions in fiscal year 2016 equaled 90,046 mtCO2e.

Scope 3 emissions (mtCO2e) FY19 FY18 FY17 FY16 (Base year) World Bank total 103,629 102,139 95,216 90,046

305-4: GHG EMISSIONS INTENSITY

Overall, the fiscal year 2019 scope 1 and 2 emissions intensity for the Bank’s 157 global facilities decreased because the overall emissions were down and the total global occupied office space was larger than fiscal year 2018. The scope 3 emissions per full-time equivalent (FTE) employee decreased with a slight increase in employee air travel emissions and an increase in FTE. For employee air travel emissions, the World Bank Group transitioned from the UK DEFRA emission factors to the ICAO emissions calculator for fiscal year 2019. ICAO emissions calculations are based on the best publicly available industry data to account for various parameters such as aircraft type, route specific information, passenger load factor, and cargo carried while UK DEFRA emission factors are average factors for short, medium, and long haul flights.

Emissions scopes FY19 FY18 FY17 FY16 (Base year) Scopes 1 and 2 (mtCO2e per square meter) 0.080 0.085 0.085 0.087 Scope 3 (mtCO2e per FTE) 5.96 6.00 5.65 5.57

45 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES The World Bank measures GHG emissions intensity in two distinct categories. Scope 1 and Scope 2 emissions are normalized per square meter, while Scope 3 emissions, pertaining to employee air travel, are normalized per full-time equivalent (FTE) employee, which consists of staff and short-term consultants. Prior to fiscal year 2017 reporting, FTE did not include consultants, just number of staff.

305-5: REDUCTION OF GHG EMISSIONS

Between fiscal years 2018-2019, the Bank's global emissions within the organization (scope 1 and 2) were reduced by 2,385 mtCO2e, predominantly through reductions in electricity use. Efficiency projects at U.S. headquarters contributed to an emissions reduction of around 994 mtCO2e.

MANAGEMENT APPROACH: WASTE

The World Bank views reducing effluent and waste production as a material aspect because of potential negative environmental impacts, including the release of persistent toxic chemicals through waste disposed of in landfills and through incineration. This topic is material within the Bank's corporate boundary. The Bank has worked to reduce the amount of waste sent to landfills through a combination of source reduction, reuse, composting, and recycling. Its strategies include: (1) minimizing the amount of material brought into Bank facilities; (2) avoiding unnecessary packaging for purchased items; (3) encouraging minimum purchase thresh- olds for office supplies; and (4) mandating that large purchases from vendors be delivered in bulk instead of individually packaged. Responsibility for managing this impact area is shared by the Senior Manager of Corporate Real Estate in Global Corporate Solutions; the Senior Manager of Corporate Procurement; and Regional Management Teams, headed by Regional Vice Presidents.

306-2: MANAGEMENT OF SIGNIFICANT WASTE-RELATED IMPACTS

Total hazardous waste for fiscal year 2020, all disposed of appropriately by a third party, was 567.4 pounds of medical waste, 30 pounds of refrigerant 407C, 190 gallons of recycled fluids, including paint and used oil, and 60 gallons of flammable debris. Typical waste items from World Bank facilities include paper, bottles, cans, cardboard, food waste, toner cartridges, carpet tiles, and electronics. Total nonhazardous waste produced by the Bank's Washington, DC, offices in fiscal year 2020 was 1,663 metric tons, compared to 2,248 metric tons in fiscal year 2019. The decrease in landfill and recycling is mainly attributed to the office closure in March 2020 due to COVID-19, leaving approximately 3 months at the end of the fiscal year with no waste. However, the composting and food donations for the 9 months the offices were open in fiscal year 2020 were the same or higher compared to the full 12 months of operation in fiscal year 2019. The increase in composting in fiscal year 2020 is due to the introduction of compost bins across 4 of the Bank’s DC buildings at the end of fiscal year 2019, giving HQ staff access to composting throughout these 4 buildings that had not been previously available. The food donations for fiscal year 2020 were similar to fiscal year 2019 because as the offices were closing in March 2020, any leftover food in the cafeterias and catering services was either donated or composted. Both the increase in composting and reduction of landfill waste contributed to the higher overall waste diversion rate.

46 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES Waste streams (metric tons) FY20 FY19 FY18 Waste diverted from landfill (%) 67 61 62 Total nonhazardous waste in 1663 2,248 2,470 Washington, DC (metric tons) Landfill 548 887 933 Recycling* 693 1,021 1,152 Compost 415 334 381 Food donation 7 7 4

* Includes paper, bottles and cans, cardboard, toner cartridges, carpet tiles, construction waste recycled and electronics.

Waste disposal information is provided by the Bank's waste management contractor that manages landfill, recyclables, and compostable waste and the electronic-waste recycler, subcontracted through the computer electronics provider, which provides information on the number of computers and other IT assets recycled yearly. Weights from roll-off compactors used for landfilled waste and recycling are exact weights to the closest one tenth of a ton.

47 WORLD BANK GRI INDEX 2020 ENVIRONMENTAL DISCLOSURES : : GRI 300 ENVIRONMENTAL STANDARDS SERIES Social Disclosures

GRI 400 Social Standards Series

MATERIAL TOPICS: HUMAN RESOURCES, OCCUPATIONAL HEALTH AND SAFETY, STAFF LEARNING, DIVERSITY AND INCLUSION, NONDISCRIMINATION, CHILD LABOR, RIGHTS OF INDIGENOUS PEOPLES, HUMAN RIGHTS, ENVIRONMENTAL AND SOCIAL IMPACT

MANAGEMENT APPROACH: HUMAN RESOURCES

This topic is material within the Bank's corporate boundary. Stakeholders, including potential employees, shareholders (the Board), as well as sustainable and impact investors, recognize that the way the Bank manages staff, its most valuable resource, is highly relevant to its business impact. Human resources policies apply across the WBG agencies. However, staff numbers provided in this GRI Index pertain to World Bank staff only. World Bank staff come from over 170 countries. Their diversity and global reach stand out among international financial institutions and other development organizations. Bank staff include economists, educators, environmental scientists, financial analysts, foresters, agronomists, engineers, information technology specialists, social scientists, and others, and offer clients a unique combination of global expertise and in-depth local knowledge. To deliver on its mission, the World Bank strives to be the best place to work in development by offering an employee value proposition that attracts, motivates, and retains world-class, diverse talent with the critical skills, experiences, mindsets, and behaviors needed to effectively respond to complex and constantly evolving client needs. To capitalize on these comparative advantages requires an understanding of where the business is headed and the skills mix required, coupled with the ability to identify, grow, and deploy talent in a proactive and deliberate way, as envisioned under the institution's HR strategy. The World Bank's HR strategy (FY20-22) establishes people management as a shared accountability between executive leadership, the Human Resources Vice Presidency (HRD), managers, and staff. It sets out a three-year roadmap of HR programs and priorities focused on achieving the business objectives outlined in the Forward Look. Staff Policies The World Bank's employment policies are articulated in its Staff Manual, which is established by the institution and periodically reviewed and revised to ensure relevance and suitability for both staff and the business. The Manual includes the principles of staff employment and general obligations of the Bank and staff, as well as policies governing core human resource processes. These policies are supported by procedures that guide its implementation. The Bank's Human Resources Vice Presidency monitors and reports on implementation of the People Strategy through regular engagements with the Board and senior management. A strategy scorecard tracks progress against a set of key performance indicators that align with the priorities of the three-year strategy, and the Corporate

48 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES Scorecard includes a number of talent management indicators. Regular staff engagement surveys provide crucial input on the mood of the organization and issues for management to tackle. Periodic internal audits of key HR processes identify areas for improvement and result in follow-up action plans that address highlighted findings.

401-1: EMPLOYEE TURNOVER

In fiscal year 2020, the World Bank hired 775 new staff, half of them in non-US offices. Just over half (52 percent) of new staff were female.

FY20 FY19 Staff hired Number % of total Number % of total United States 391 50% 390 49% Female 213 55% 209 54% Male 178 46% 181 46% Non-US offices 384 50% 402 51% Female 200 50% 216 54% Male 184 46% 186 46% Age Under 30 142 18% 150 19% 30-50 560 72% 569 72% 50+ 73 9% 73 9% Total hires 775 792 Of which Female 413 52% 425 54% Of which Male 362 46% 367 46%

In fiscal year 2020, 639 staff left the institution, representing a turnover rate of 5.2 percent. The table below shows the breakdown by age group, gender and region.

FY20 FY19 Staff exits Number % of total Number % of total United States 411 64% 390 49% Female 202 41% 209 54% Male 209 43% 181 46% Non-US offices 228 36% 402 51%

49 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES FY20 FY19 Staff exits Number % of total Number % of total Female 113 34% 216 54% Male 115 35% 186 46% Age Under 30 37 6% 68 8% 30-50 305 48% 399 49% 50+ 297 46% 352 43% Total exits 639 819 Of which Female 315 38% 376 46% Of which Male 324 40% 443 54%

MANAGEMENT APPROACH (DISCLOSURES 103-1 – 103-3): HEALTH AND SAFETY

The World Bank Group is implementing a phased strategic change process, moving from a medically oriented service that primarily responded to emerging health needs, to an integrated Occupational Health and Safety (OHS) model emphasizing risk management and prevention. WBG is committed to making every effort to protect and promote staff health and safety wherever they may be, taking account of their individual health status, working environment, and job demands. This is achieved by managing health and safety risks, offering evidence-based, quality controlled and integrated OHS services, and nurturing trust in staff through professionalism and confidentiality. A network of regional health and safety advisors work together to enhance staff health, safety, and well-being via technical assistance outreach and health and safety assessments undertaken at WBG global locations. Health and safety assessments are achieved by managing health and safety risks through pre-deployment briefings; offering evidence-based, quality-controlled OHS services; enhancing capacity in offices in fragile, conflict, and violent situations; and nurturing trust in clients. The World Bank Group's Enterprise Risk Committee, and its subordinate OHS Practitioners Committee, is tasked with developing, implementing, and evaluating an OHS management system that applies to Bank staff worldwide. To determine what is a hazard to health and safety within the WBG and put into place controls to reduce the risk that hazard presents, the institution has established an OHS Risk Management Program. The program provides the method by which such hazards are identified within the workplace, translates exposure to these hazards into associated risk, and transforms this risk information into control plans. These plans are applicable at all levels of OHS hazard management from the lowest level hazard through to significant hazards. The WBG adopted an Integrated approach to Health and Safety to provide a wider image of the health and safety hazards and associated risk inherent in the diverse operational scope of the WBG and how these hazards may impact the individual. The basis of this Integrated Health and Safety approach is centered around three dimensions. 1. Population Health: Individual health risk is defined as a combination of modifiable behaviors, genetic predisposition, and existing, treatable medical conditions.

50 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES It is central that these health risks are identified and addressed before they lead to chronic conditions which negatively affect personal quality of life and productivity. Health risk categorization is based on a self-reported, industry-standard benchmark of individual health risk factors. Work activities influence staff. These effects may be both beneficial and detrimental and may influence the individual's health or well-being as part of the workforce. Inclusive in the individual health dimension is any health or medical-related pre-employment criteria for staff, related biomedical and/or health screening, and prophylactics/vaccinations, etc. that may be necessary given their exposure to specific hazards as part of their work. 2. Work Environment: Numerous hazards exist in work environments, especially in industrial settings, however even large occupancy buildings have an industrial component among those supporting units. 3. General Environment: The WBG's diverse and unique workforce lives and operates within a global environment which impacts every staff member's health and safety daily. The security risk management system covers many aspects of the general environment such as natural (e.g. earthquakes, tsunamis, extreme weather) and man-made risks (e.g. road traffic accidents, fire safety, etc.). Such events will undoubtedly generate significant OHS hazards requiring control measures that are safety oriented. To facilitate OHS communication and familiarization there are multiple e-learning trainings on Occupational Health, Safety, and Well-Being including Travel Health, Mental Health, and Resiliency available for all staff and consultants. This training is available globally through the WBG OLC, in person, or remotely via video conferencing. The Head of the WBG Health and Safety Directorate is a Director who reports directly to the WBG Managing Director-Chief Administrative Officer.

403-1: OCCUPATIONAL HEALTH AND SAFETY MANAGEMENT SYSTEM

The World Bank is dedicated to defining and implementing an OHS management system in accordance with external best practice (ISO 45001) and the WBG Directive on an OHS Management System was approved in January 2018. Responsibility for occupational health and safety is shared by all World Bank Staff, including senior management, managers, and supervisors, as well as contractors and visitors as seen in the WBG Health and Safety Directive and staff manual.

403-2: HAZARD IDENTIFICATION, RISK ASSESSMENT, AND INCIDENT INVESTIGATION

The procedure(s) for hazard identification and risk assessment consider: a. outine and non-routine activities; b. activities of all persons involved in WBG undertakings (including contractors and visitors); human behavior, capabilities and other human factors; c. identified hazards originating outside the workplace capable of adversely affecting the health and safety of persons under the control of the organization within the workplace; d. hazards created in the vicinity of the workplace, by work-related activities, under the control of the organization; e. infrastructure, equipment, and materials at the workplace, whether provided by the organization or others; f. changes or proposed changes in the organization, its activities, or materials;

51 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES g. any applicable legal obligations relating to risk assessment and implementation of necessary controls and monitoring standards; h. the design of work area processes, installations, machinery/equipment, operating procedures and work organization, including their adaptation to human capabilities; i. location-based factors including health risks from disease, air quality, food, water, security situations, effects of seasonal change (hot/cold/wet/dry), levels of violence, etc. The proactive systematic identification of hazards assesses scope, nature, and impact, enabling the evaluation, prioritization, and documentation of risks, and the application of appropriate controls. It is a deliberate and considered system generating both generic, specific, and job-related assessments. However, a complete system will also involve a reactive element. This reactive element is based on the reality that during activities things may go wrong. A dynamic (on the spot) risk assessment may be conducted in relation to events occurring or about to occur at the time. There are many indicators of successful risk mitigation in the work environment, such as the lowering of the incidence of worker compensation claims, loss time injury rates, sick leave incidence, etc. The ongoing review of hazards and controls attempt not to only focus on the negative effects, but also the positive upshot that the controls are generally working and that incidents are a rare occurrence. The risk assessment process starts with the completion of a fully comprehensive health and safety hazard identification survey. Once these hazards have been identified the control measures currently in place must be evaluated; and the associated remaining risk calculated. Where the remaining risk is high or unacceptable, the development and implementation of further appropriate controls is necessary, and a re-examination of the remaining risk conducted to determine if this is remaining risk is acceptable. This process leads to the development of an OHS Risk Management Plan. Continuing risk reviews must be undertaken when there is a reasonable OHS risk associated with: a. the occurrence of an injury or near miss, which reveals a previously unidentified or uncontrolled hazard; b. the introduction of new equipment, offices, procedures or processes; c. the modification of equipment, procedures, or processes; or d. a change in specific circumstances that increases the risk to an individual (e.g. significant change in work process and structures, pregnancy, return to work from a long-term condition, status change of the health or security-level of a country or specific location). It is important to note that when conducting a risk assessment that relates to a process or a task, the full task or process is assessed. Risks cannot always be assessed effectively in isolation from their process. The Risk Register contains a summary of the identified hazards within the WBG. It provides a referenced overview of these hazards, an appreciation of what would be considered as low, medium, or high risk, and information on the current control measures that are in use in the WBG. Essentially it is a living document: as more risk assessments are conducted the information contained within the register is updated and improved. The WBG, has a wide variety of office locations, functions, activities and levels of risks. A hazard may exist in one country office but not in others, or the level of risk for a specific hazard may differ significantly. A knowledge base of hazards and control measures, standards and procedures, and methodologies is crucial to form a comprehensive overview of the organization and its inherent or actual OHS risk. Assessment of psychosocial risk is undertaken using the Copenhagen Psychosocial Questionnaire. All World Bank Group staff are empowered—and have the responsibility—to identify and report any unsafe workplace acts or situations to management. Staff policies and procedures, as defined in the staff manual, clearly identify ways in which workers can report work-related hazards and hazardous situations, including reporting directly to HSD, emailing the World Bank Group help desk, and reporting to management. In addition, a formal software tool for the reporting of any work-related hazards and hazardous situations is under development. Workers are protected against reprisals by World Bank Group's Internal Justice Services which endeavors to support staff to preserve fairness in the workplace. WBG Staff are protected by the rights and obligations as identified in the staff rules and supported by the instruments available to staff via the WBG Internal Justice and Business Ethics units.

52 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES 403-3: OCCUPATIONAL HEALTH SERVICES

The WBG Health and Safety Directorate provides a comprehensive suite of Occupational Health and Safety and personal health risk management services through the following functional units: • Occupational Health and Safety, which addresses individual, workplace, and global, health and safety issues; • Travel Health and Wellness, which addresses health risks of travel and relocation, and manages an outsourced, full-service, on-site Primary Health Care Center for staff, dependents, and retirees at headquarters in Washington, DC, run according to a Patient-Centered Medical Home Model. The WBG also offers an outsourced Health and Wellness program which allows staff to identify and manage their health risks, obtain health and wellness coaching, and have clinical nurse manager support for living with chronic medical conditions; • Field Health Services, which enable staff to access healthcare across the globe, for both routine and emergency healthcare needs; and the • Mental Health and Well-being Unit, which addresses psychosocial support needs. Staff with clinical functions are required to have active professional registration in the countries where they are performing their clinical duties. The Health and Safety Directorate is cross supported by other vice-presidential units, including Human Resources; and Directorates such as Global Corporate Solutions, which houses Corporate Real Estate, Corporate Security, and Travel units. The World Bank Group's OHS Committee, which reports to the Enterprise Risk Management Committee (ERC) of Senior Management, is tasked with developing, implementing, and overseeing an OHS management system that applies to Bank employees worldwide. The occupational health and safety management system being implemented by the Committee is based on ISO 45001. The committee forms multidisciplinary, ad-hoc working groups to address specific concerns, such as a working group for air pollution, which developed guidelines for staff and managers in country offices where air quality is a recognized health hazard. The committee is supported by a community of practice supporting Senior Management and staff. The practitioner committee can designate multidisciplinary ad-hoc working groups, which can develop and submit guidelines to the high-level ERC for decision. To address global health issues, the committee collaborates with the United Nations and other international organizations.

403-4: WORKER PARTICIPATION, CONSULTATION, AND COMMUNICATION ON OCCUPATIONAL HEALTH AND SAFETY

The World Bank Group's Occupational Health and Safety Committee meets quarterly to address health and safety issues as they globally relate to staff worldwide. The committee is chaired by the Director of HSD and includes occupational health specialists, environmental consultants, and Senior Management representatives from headquarters and offices outside the United States, HRD, Internal Justice, Corporate Real Estate, Corporate Security, Fire and Life Safety, Legal, Procurement, Corporate Responsibility, the Staff Association, Budget, and additional specialists and members as required. To address staff concerns, the committee forms multidisciplinary ad-hoc task working groups under the guidance of the ERC. The Occupational Health and Safety Committee is a committee on occupational health and safety as described in the World Bank Group Procedure with decision-making and guidance related to: • Developing an organizational strategy for the WBG on implementing an o OHS management system; • Providing advice to units implementing OHS strategies and programs;

53 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES • Developing internal OHS standards; • Monitoring and evaluating the implementation and impact of the OHS management system and making recommendations for change; • Developing training programs on risk management, accident and disease prevention, and related educational activities for staff; • Proposing ways to incorporate lessons learned from any health and safety incidents; • Coordinating outreach to staff on OHS issues, questions, and suggestions; and • Overseeing the compiling of data on work-related injuries, incidents, and hazards into an annual report. The Committee meets on a quarterly basis.

403-5: WORKER TRAINING ON OCCUPATIONAL HEALTH AND SAFETY

HSD has developed and implemented three online learning courses for staff which are available globally through the OLC, in person, or remotely via video conferencing. Participants in the courses gain an understanding of: • The WBG OHS Management System, which considers the health and safety risks posed by personal health, workplace and the general environment in which staff work; • The governance structure of the WBG's Health and Safety Management system; • How workplace health and safety is a shared responsibility and what the WBG's role is in upholding a healthy and safe work environment; • How to undertake a risk assessment and management approach for health, safety, and wellbeing; OHS roles and responsibilities for Managers, Supervisors and Task Team Leaders; and • Community of Practice to be developed for Country Office OHS Focal Points including online training, virtual training and face to face instruction.

403-6: PROMOTION OF WORKER HEALTH

The World Bank Group has introduced a Patient-Centered Medical Home model that provides primary care services onsite within the World Bank Group headquarters. Instead of seeking outside care, staff and their dependents can elect to visit the expanded in-house clinic and receive care delivered by the MedStar Medical Group. The key features of this model include: • Holistic care for whole families, with a focus on maintaining health and disease prevention; • Patient-centered focus; • Team-based service approach; • Easy access to providers via an electronic portal;

54 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES • Broader spectrum of clinical services, incorporating the urgent care formerly provided by the HSD Clinic; • Medical home base with access to a network of specialty care; • Virtual Consultations; and • Consultation, assessment and testing related to Coronavirus SARS-cov-2 infections (COVID-19). The Health and Wellness program is composed of additional health support services provided to staff, dependents, and retirees in partnership with U.S. Preventive Medicine and the Cleveland Clinic. The program includes a health and wellness assessment, a personal preventive plan, the setting of individual health goals, and personalized support through a health coach or advisor who is available via email or telephone.

403-7: PREVENTION AND MITIGATION OF OCCUPATIONAL HEALTH AND SAFETY IMPACTS DIRECTLY LINKED BY BUSINESS RELATIONSHIPS

The ESF will enable the World Bank and borrowers to better manage environmental and social risks of projects and to improve development outcomes. The ESF offers broad and systematic coverage of environmental and social risks linked to Bank-supported projects. It makes important advances in areas such as transparency, non-discrimination, public participation, and accountability, including expanded roles for grievance mechanisms. Environmental and Social Standards (ESS) 2 and 4 address negative health and safety impacts that are directly linked to Bank-supported operations for borrowing member countries. • ESS2: Labor and Working Conditions recognizes the importance of employment creation and income generation in the pursuit of poverty reduction and inclusive economic growth. Borrowers can promote sound worker-management relationships and enhance the development benefits of a project by treating workers on the project fairly and providing safe and healthy working conditions. • ESS4: Community Health and Safety addresses the health, safety, and security risks and impacts on project-affected communities and the corresponding responsibility of borrowers to avoid or minimize such risks and impacts, with particular attention to people who, because of their particular circumstances, may be vulnerable.

403-9: WORK-RELATED INJURIES

All hazards and risks are managed in accordance with the principle of utilizing the hierarchy of controls. World Bank work-related rates are established based on 200,000 hours (100 staff x 40 hours x 50 weeks). There were 33,168,000 hours worked in calendar year 2019.

55 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES 2019 Lost Workday Case Rate - All Workers Compensation Claims

Employee Category Type Claims Case Rate Staff Member Illness 127 .77 Injury 39 .24 Short-term Consultant Illness 14 .08 Injury 12 .07 Extended-term Consultant Illness 3 .02 Injury 1 .01

In accordance with the WBG OHS Management System work-related hazards that pose a risk are defined in the WBG Hazard Risk Register. Each hazard is aligned to a level of risk according to industry and internal standards. A risk matrix calculates risk in accordance with severity and intensity. The WBG utilizes a 4x4 risk matrix structure. The determination of current and future control measures is applied in accordance with the hierarchy of controls to establish current and residual risk tolerances. The inherent risk of significant international travel and conveyance poses the most significant risk to WBG staff. The WBG experienced one fatality, as a result of an airline crash, during the reporting period. WBG follow IATA recommendations of determination and assessment of Safe International and Global airline carriers. All staff are included in accordance with WBG staff rules. Data are compiled in accordance with OSHA reporting criteria.

MANAGEMENT APPROACH: STAFF LEARNING

The World Bank invests in staff learning to enhance technical skills and knowledge, strengthen problem-solving skills, and foster innovation to attain the Bank Group's twin goals efficiently and creatively. Staff take courses to retain and enhance cutting-edge skills as they carry out the World Bank's mission. Stakeholders, including employees, shareholders (the Boards), as well as Sustainable and Impact investors, recognize learning and knowledge sharing as highly relevant to the Bank's business impact. This topic is material to both the Bank's corporate and operational boundaries since the Open Learning Campus (OLC) provides solutions for both staff and partners globally. Human Resources policies apply across the WBG agencies. However, numbers provided in this report pertain to World Bank staff only. The OLC is a single destination to accelerate development solutions through learning for WBG staff, clients, and global partners. The OLC offers a broad range of learning resources via four schools: Talks, Academy, Connect and On-the-Job to provide (1) continuous learning for staff to retain and enhance cutting edge skills; and (2) staff and clients the opportunity to learn together and co-create solutions to complex development challenges. While the onus is on staff to be proactive in their learning, managers are accountable for supporting the learning of their staff. Through the World Bank's performance evaluation process and career conversations, staff and managers work together on staff development objectives and career goals. Strategically selecting appropriate learning activities is a key part of this process. Staff can choose from a wide range of internal learning activities available through the OLC, or from external learning providers. The OLC team, housed within the Open Learning Campus Unit of the Development Economics Vice Presidency, acts as an enabler and accelerator for learning across the WBG. The OLC learning ecosystem serves as a central pedagogical resource and learning platform for seven key learning programs: Operations, Leadership, Business Skills, IT Skills, Technical, Corporate, and Mandatory Trainings.

56 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES Funding for formal Staff Learning is provided to each Vice-Presidential Unit and then reallocated down to the Global Practice, departmental, or other level. Each year, the minimum amount to be set aside for Staff Learning per Vice Presidential Unit is communicated through the indicative expenditure directions, upon recommendation of the Learning Steering Group. The minimum amount is calculated based on two components: a minimum of five days on average that staff are expected to dedicate to formal Staff Learning, and an amount of variable budget available to support staff on activities calculated on a headcount basis. Every Vice-Presidential Unit has the autonomy to allocate additional resources to Staff Learning above the required minimum. All learning activities in OLC are evaluated for scale and impact depending on length. The results of the evaluations are shared with Senior Management, along with a three-year trend analysis, to guide programs, implement course corrections, and create learning innovations. For more information about OLC, see https://olc.worldbank.org/.

404-1: AVERAGE HOURS OF TRAINING PER YEAR PER EMPLOYEE

In fiscal year 2020, the World Bank delivered 11,224 days of learning. 58 percent of the training days were delivered either in offices outside the U.S. or via location-neu- tral formats, such as e-learning and webinars. 90 percent of the salaried workforce attended at least one learning event in fiscal year 2020, not including the corporate mandatory programs: 90 percent based in non-U.S. and 89 percent at headquarters, in Washington, DC. These individuals attended the equivalent of 45,439 days of training, averaging 3.4 days per staff member, with 3.2 in days taken by staff based in offices outside the U.S. and 3.6 days taken by Washington, DC-based staff. The decrease in average participant training days taken is attributed to COVID-19 which prevented the World Bank from conducting learning weeks and allowing staff to travel for external learning.

Average participant training days taken Average participant training days taken

FY18 FY19 FY20 FY18 FY19 FY20 GA-GD 3.4 3.4 2.4 Male 5.3 5.2 3.2 GE 4.2 4.5 3.5 Female 4.8 4.9 3.7 GF-GG 5.6 5.9 3.9 GH+ 4.6 4.4 2.1 ETC/ETT N/A 3.6 4.4 JPA/JPO/SPAS 7.0 7.6 6.4

In fiscal year 2020, investment in staff learning decreased by 21 percent over fiscal year 2019 and by 19 percent from fiscal year 2018 levels. The World Bank invested $59.7 million in staff learning, of which 38 percent was spent on developing and delivering learning activities, and 62 percent was spent to cover direct and indirect expenses for staff members to participate in learning (given internally and/or from external providers), including staff time and other costs.

57 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES 404-3: PERCENTAGE OF EMPLOYEES RECEIVING REGULAR PERFORMANCE AND CAREER DEVELOPMENT REVIEWS

In fiscal year 2020, a renewed approach to performance management has been introduced across the WBG that is focused on more continuous feedback conversations and staff development. The Bank’s approach to performance encourages regular check-in conversations and feedback between staff, managers or designated supervisors, and peers throughout the year and provides a framework to support staff development and achievement of results. The process involves a cycle of setting near-term business and professional development objectives, obtaining feedback, and regularly readdressing objectives in support of accomplishing the organization's strategic priorities. At least once in a 12-month period, typically at the close of the fiscal year, all staff (excluding short term appointments) have formal feedback discussions with their manager or designated supervisor. Evaluations are based on the staff member's performance against stated objectives, additional contributions, strengths, and areas of focus. The year-end conversation also touches on plans for the upcoming performance cycle, including any professional development and training needs. The Performance Management Process is outlined in the Staff Manual, Staff Rule 5.03. In fiscal year 2020, 90 percent of WB staff completed fiscal year 2019 year-end evaluations; 76 percent of staff completed fiscal year 2020 objectives; 56 percent of staff had at least one check-in form documented; and 62 percent of staff had at least one feedback request. There are no obvious deviations per gender and employee category, see table below. In addition to the regular performance evaluations, an integrated talent and performance management approach is undertaken by management to give the organization a better understanding of the skills of staff and, to identify next steps for the staff's professional development, including targeted learning programs, stretch assignments, or rotations to other business units, as well as readiness to take on greater responsibilities. Given the unprecedented business demands resulting from the COVID-19 pandemic, the fiscal year 2020 year-end evaluation process was simplified to allow staff and managers to focus their efforts on critical work priorities caused by the crisis, and included briefer write-ups, a special performance rating and a standard salary increase for reduced calibration efforts.

Gender Appointment Type Report Type Org % Male Female Term Open Ended WBG 91% 48% 52% 45% 55% FY19 End-year Bank* 90% 48% 52% 43% 57% WBG 72% 47% 53% 49% 51% FY20 Objectives Bank* 76% 48% 52% 47% 53%

WBG 63% 47% 53% 50% 50% FY20 Check-ins Bank* 56% 48% 52% 47% 53%

WBG 55% 46% 54% 51% 49% FY20 Ongoing feedback Bank* 62% 47% 53% 48% 52%

Note: there are more female staff than male staff at WBG (53% vs 47%) and there are slightly more staff on open term than term appointments (51% vs 49%). *Includes IBRD and GEF

58 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES MANAGEMENT APPROACH: DIVERSITY AND INCLUSION

The World Bank is committed to creating a workplace where everyone is valued, differences are respected and celebrated, and opportunity and equitable treatment are afforded to all. Ensuring diversity and inclusion are integrated into our daily work means creating a positive culture through practices that recognize, value, and harness what makes every individual unique in the broader sense, and by acknowledging and respecting differences and similarities, including nationality, gender and gender identity, race, religion, ethnicity, age, sexual orientation, disability, and educational background. World Bank stakeholders have raised this topic as an important corporate priority. The World Bank recognizes that meeting the demands and needs of its diverse client base more effectively means the Bank must consider a range of ideas and perspectives to find the best solution to development challenges. The Articles of Agreement for the International Bank for Reconstruction and Development and the International Development Association emphasize the need to "pay due regard to the importance of recruiting personnel on as wide a geographical basis as possible" when appoint- ing Bank officers and staff, "subject to the paramount importance of securing the highest standards of efficiency and of technical competence." This directive was reiter- ated 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. These principles direct the Bank to "encourage diversity in staffing consistent with the nature and objectives of the Organizations." In addition to reflecting the World Bank's global nature, the importance of staff diversity in enhancing the effectiveness and credibility of the Bank's institutions has been underscored by ongoing reforms to increase the voice and participation of emerging markets and developing countries at the Bank. The World Bank manages these commitments and directives through an integrated approach that focuses on three pillars: advocacy (demonstrate leadership and build partnerships), accountability (set goals and measure outcomes), and inclusion (embed diversity and inclusion into talent processes and create an inclusive environment). The World Bank measures the effectiveness of its efforts through Diversity and Inclusion Compacts, which establish both diversity and inclusion targets and identify specific actions to achieve the targets. The diversity targets include parity in management by gender and country part (Part I versus Part II-roughly equivalent to developed and developing countries, respectively), as well as by gender among full-time staff at professional grades (grade GF+) in non-managerial roles. Inclusion targets are derived from staff responses on the annual engagement survey, which includes a set of questions comprising the Inclusion Index. The World Bank Group Compact, which is signed by the President and his senior team, is cascaded through all Vice-Presidential Units. Progress against the Compact targets and actions are reported monthly and reviewed quarterly. In addition to the Compacts, actions to improve staff perceptions on the engagement survey, including the Inclusion Index, are developed and tracked at the World Bank and Vice-Presidential Unit level.

405-1: DIVERSITY OF GOVERNANCE BODIES AND EMPLOYEES

Executive Directors: Representatives on the World Bank Boards of Governors and Board of Executive Directors are determined by member countries. Of the 25 Executive Director Board members, 6 were women in fiscal year 2020.

59 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES Diversity profile of WB staff by age group, FY19-FY20

2020 2019 Full-time staff Number % of total % of total % of total Age Under 30 368 3% 440 4% 30-50 7,610 61% 7,633 62% 50+ 4,416 36% 4,210 34% Total 12,394 12,283

Since 1998, the World Bank has measured the diversity of staff based on gender and nationality. Nationality has been measured in the aggregate by Part I and II contributing member status, with a focus on management. For gender, the Bank has focused on the percentage of women in professional grades and management. Beginning in fiscal year 2020, the Bank changed to measuring gender at all grades, with a goal of gender parity. And nationality is focused on having teams which represent 20 sub-regions globally, based on where and how we do business. In fiscal year 2020, women accounted for 52.6 percent of all staff, compared to 47.4 percent for men.

Indicator Category Number % of total % of total Administrative and Support Staff 50% 30.6% 69.4% Entry and Junior Technical 50% 45.3% 54.7% Senior Technical 50% 58.5% 41.5% Managers 50% 54.8% 45.2%

405-2: RATIO OF BASIC SALARY AND REMUNERATION OF WOMEN TO MEN

To recruit and retain highly qualified staff, the WBG has developed a compensation and benefits system designed to hire the best talent in the global market, reward performance, and consider the special needs of a multinational and largely expatriate staff. The Executive Directors annually consider a proposal for a salary increase in line with a Board-approved methodology that entails a market-based approach, which compares compensation paid by private financial and industrial firms and by public sector organizations in local reference markets, including the U.S. The grading system and benchmark job positions are unified across the WBG and its locations. World Bank policies apply to all staff working in World Bank offices globally. World Bank salary structures do not differentiate by gender. This methodology was reviewed in fiscal year 2018 for headquarters-appointed staff and in fiscal year 2019 for country office-appointed staff. Remuneration of executive management, Executive Directors, and staff are disclosed in the World Bank Annual Report.

In fiscal year 2017, the WBG Development Research Group, in collaboration with the Gender Cross Cutting Solution Area and Human Resources, completed a landmark study, Compensation, Diversity and Inclusion at the World Bank Group. This study leveraged 25+ years of human resources data to explore the issue of pay parity

60 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES among WBG populations, including by gender. Key results included the observation that the WBG has an aggregate salary gap between genders, but that the gap has decreased significantly over the 25+ years of the analysis. The aggregate salary gap is mainly caused by the gender composition of different grades at entry and through progression. In fiscal year 2018, follow-up actions were put in place, including the biannual production of a report that HRD and managers use to address compensation outliers and more closely monitor salary parity upon entry to the institution. These actions continued through fiscal year 2019.

MANAGEMENT APPROACH: NONDISCRIMINATION

The WBG core values are impact, integrity, respect, teamwork, and innovation. WBG staff are strongly encouraged to work together in teams with openness and trust; empowering others and respecting differences; encouraging risk-taking and responsibility; and enjoying both work and family, as detailed in the Code of Conduct. Stakeholders, including prospective employees, our shareholders (the Boards), as well as Sustainable and Impact investors, recognize that the way we manage discrimination, ethical behavior, and adherence to corporate core values is highly relevant to our business impact. This topic is material within the World Bank's corporate boundary. Staff Staff members are required to uphold WBG Staff Rules as a condition of employment and adherence to the Code of Conduct is specified in contracts with employees. A new Code of Ethics will replace the existing Code of Conduct. Due to its immunities from most national courts, the Bank provides staff comprehensive grievance mechanisms to address and resolve workplace issues through informal and formal services. These services encourage collaboration among staff, provide space for the effective management of conflict, and increase the Bank's capacity to build and retain a globally representative workforce. Board There is a separate Code of Conduct for Board officials. Business partners are informed of ethics expectations through a separate document. Adherence to high ethical standards is specified in contracts, Board officials, and business partners. Section 1(c) of the Code for Board Officials requires them to sign the code document upon assuming duty and deposit it with the Ethics Committee of the Board. EBC regularly monitors the level of allegations of misconduct and the information is part of risk management reporting. The Group-wide Staff Engagement Survey contains questions related to the occurrence of harassment and sexual harassment, which are analyzed by EBC and the Internal Justice Services. EBC is also implementing root cause analysis at the end of evaluations, reviewing the factors that enabled a misconduct to take place. Stakeholders, including prospective employees, our shareholders (the Boards), as well as Sustainable and Impact investors, recognize that the way we manage discrimination, ethical behavior, and adherence to corporate core values is highly relevant to our business impact. This topic is material within the World Bank's corporate boundary.

61 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES 406-1: INCIDENTS OF DISCRIMINATION AND CORRECTIVE ACTIONS TAKEN

In fiscal year 2020, EBC reviewed four allegations of discrimination, all of which were related to racial, ethnic or nationality discrimination. There is public disclosure of the number of cases investigated and of the resulting sanctions in EBC's annual report and in EBC's website quarterly. The World Bank Group has set up an anti-racism task force to prevent any form of racial discrimination. At the end of fiscal year 2019, EBC created the new function of Anti-Harassment Coordinator (AHC), a position that reviews cases of sexual harassment and harassment. The AHC can caution staff and managers about alleged inappropriate behaviors and to recommend remediation plans, often including the participation by management in remediation decisions. Instances of discrimination-based harassment would be either remediated on that basis or, for more egregious cases, through an investigation into misconduct.

MANAGEMENT APPROACH: CHILD LABOR

The World Bank recognizes that child labor is one of the most devastating consequences of persistent poverty. Stakeholders, including potential employees, shareholders (the Boards), as well as Sustainable and Impact investors, recognize this topic to be relevant to our business impact. This topic is material in the World Bank's operational boundary. The operational boundary is the project area of influence of a Bank-financed project. All standard World Bank bidding documents contain a clause prohibiting the use of child or forced labor in contracts financed under any World Bank projects. Staff in Bank-supported operations are required to assess social issues, such as child labor, within the environmental and social aspects of the projects and develop specific measures that would be implemented during the project to mitigate the risk. Under the ESF, the Bank classifies all investment projects into one of four classifications: High Risk, Substantial Risk, Moderate Risk, or Low Risk. In determining the appropriate risk classification, the Bank will take into account relevant issues, such as the type, location, sensitivity, and scale of the project; the nature and magnitude of the potential environmental and social risks and impacts; and the capacity and commitment of the Borrower (including any other entity responsible for the implementation of the project) to manage the environmental and social risks and impacts in a manner consistent with the Environmental and Social Standards. The ESF includes a standalone standard on Labor and Working Conditions (ESS2). The objectives of ESS2 are: • To promote safety and health at work; • To promote the fair treatment and nondiscrimination of, and equal opportunity for project workers; • To protect project workers, including vulnerable workers such as women, persons with disabilities, children (of working age, in accordance with this ESS), and migrant workers, contracted workers, community workers, and primary supply workers, as appropriate; • To prevent the use of all forms of forced labor and child labor; • To support the principles of freedom of association and collective bargaining of project workers in a manner consistent with national law; and • To provide project workers with accessible means to raise workplace concerns.

62 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES The specific ESS2 provision on Child Labor is the following: • A child under the minimum age established in accordance with this paragraph will not be employed or engaged in connection with the project. • The labor management procedures will specify the minimum age for employment or engagement in connection with the project, which will be the age of 14 unless national law specifies a higher age. • A child over the minimum age and under the age of 18 may be employed or engaged in connection with the project only under the following specific conditions: the work does not fall under paragraph 19 below; an appropriate risk assessment is conducted prior to the work commencing; and the borrower conducts regular monitoring of health, working conditions, hours of work, and the other requirements of this ESS. • A child over the minimum age and under the age of 18 will not be employed or engaged in connection with the project in a manner that is likely to be hazardous or interfere with the child's education or be harmful to the child's health or physical, mental, spiritual, moral, or social development. The World Bank's Grievance Redress Service (GRS) provides an additional, accessible way for individuals and communities to complain directly to the World Bank if they believe that a World Bank-financed project had or is likely to have adverse effects on them or their community. The GRS enhances the World Bank's responsiveness and accountability by ensuring that grievances are promptly reviewed and responded to, and problems and solutions are identified by working together. The World Bank's IEG evaluates the development effectiveness of the WBG. IEG's work provides evaluative evidence to help the Bank Group deliver better services and results to its clients. IEG does so by generating lessons from past experience and accountability to shareholders and stakeholders at large. IEG is independent of the management of the WBG and reports directly to the Executive Board. The World Bank's Internal Audit Vice Presidency (IAD) is an independent, objective assurance and consulting activity that helps to improve WBG operations. It assists the institution in accomplishing its objectives by evaluating the effectiveness of WBG governance, risk management, and control processes. Furthermore, IAD advises management in developing control solutions and monitors the implementation of management's corrective actions. IAD's work is carried out in accordance with the Institute of Internal Auditors (IIA) International Professional Practices Framework.

408-1: OPERATIONS AND SUPPLIERS AT SIGNIFICANT RISK FOR INCIDENTS OF CHILD LABOR

The Bank recognizes that in certain sectors (e.g. agriculture, mining) and geographies, the prevalence and risks associated with child labor are more pronounced. This risk metric is accounted for when the World Bank screens each proposed project, including those financed through financial intermediaries, to determine the appropriate extent and type of environmental and social analysis to be undertaken during project preparation and the proportionate level of social and environmental risk management and due diligence during project implementation. It is also accounted for in determining the project's risk classification, where the Bank will take into account relevant issues, such as the type, location, sensitivity, and scale of the project; the nature and magnitude of the potential environmental and social risks and impacts; and the capacity and commitment of the Borrower (including any other entity responsible for the implementation of the project) to manage the environmental and social risks and impacts in a manner consistent with the Environmental and Social Standards. These requirements inform project design and the specific measures that the Borrower will implement to mitigate potential child labor risks. In instances where domestic and foreign suppliers are likely to be contracted in the procurement process, the contractor is mandated to inquire whether the supplier has been accused or sanctioned for any child labor issues. The Borrower is required to ensure that the standards of the primary suppliers on child labor adhere to national law and are in line with ESS2 requirements.

63 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES In procurement for large works contracts, bidders must submit a formal declaration disclosing their past environmental and social performance. The declaration relates to any breach of environmental and social requirements resulting in a civil works contract being suspended or terminated or performance security being called in. The Borrower can use this information to inform further due diligence. If a bidder misrepresents the facts or misses out an important fact, they can be disqualified from the bidding process and may be subject to the Bank's sanctions regime. In the agriculture sector, specific attention is now being focused on agricultural commodities. For example, cocoa, cashew, coffee and cotton, with West Africa are an area of high concern. Types of operations include general sector support in agriculture, infrastructure construction and operation (mining, community-driven development). During the reporting period, avenues for Bank engagement on child labor included analytical work focusing on developing an understanding of child labor issues; project-level social risk management in lending operations; and activities/components embedded in advisory and lending operations and programs to support client countries in addressing child labor challenges. The Bank has implemented or participated in enhanced third party monitoring and feedback mechanisms to mitigate child labor risk in selected projects in its portfolio, in countries and sectors where child labor is more prevalent. Work was also done during the reporting period to further strengthen the link between the ESF and the Bank's Procurement Policy. The relationship between these two policy areas is important; procurement is a key ESF delivery mechanism as many environmental and social issues need to be addressed by contractors, subcontractors and primary suppliers. Done properly, the procurement process includes minimum requirements for bidders, creates the contractor's legal obligations to manage specified ESF risks and sets out borrower remedies if the contractor does not meet its obligations. The Bank revised the Standard Procurement Document (SPD) for large works by incorporating ESF provisions into the conditions of contract of the SPD. This is designed to make the work of task teams easier, in that the relevant ESF requirements are now included in the Bank's standard procurement documentation. The child labor provision reflects ESS2 requirements on child labor as applicable to contractors, subcontractors, and suppliers. New training and resources were also rolled out to staff, to enhance staff knowledge and understanding of procurement related aspects of the ESF and how to apply them in support of projects. Borrowers are continuously developing Labor Management Procedures for Bank-financed projects under the ESF, with the advice and guidance provided by Bank Specialists, as a planning tool useful for specifying relevant child labor requirements such as the minimum age for employment, the process to be followed to verify the age of project workers, the procedures to be followed if underage workers are found working on the project, and the procedure for conducting risk assessments for workers aged between the minimum age and 18. New training and resources were also rolled out to staff, to build-up internal capacity relating to the preparation of Labor Management Procedures. During the period under review, the Bank commissioned a review to assess global efforts to address child labor in different sectors and has been feeding results from these lessons learned into dialogue with partners at international, regional and national levels and into concrete design decisions for new Bank operations. In parallel, several regions within the WBG have been undertaking reviews of labor legislation and practice through the drafting of country labor profiles, including write ups on child labor policy and prevalence.

MANAGEMENT APPROACH: RIGHTS OF INDIGENOUS PEOPLES

Central to the World Bank's mission of reducing poverty and promoting shared prosperity in a sustainable manner is ensuring that the development process fully respects the dignity, economies, and cultures of Indigenous Peoples. The Bank recognizes that the identities and cultures of Indigenous Peoples are inextricably linked to the lands on which they live and the natural resources on which they depend. These distinct circumstances expose Indigenous Peoples to different types of risks

64 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES and levels of impacts from development projects, including loss of identity, culture, and customary livelihoods. Gender and intergenerational issues among Indigenous Peoples are also complex. As social groups with identities that are often distinct from dominant groups in their national societies, Indigenous Peoples are frequently among the most marginalized and vulnerable segments of the population. As a result, their economic, social, and legal status often limits their capacity to defend their interests in and rights to lands, territories, and other 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. Stakeholders, including shareholders (the Boards), Borrowers, staff, and civil society, as well as Sustainable and Impact investors, recognize this topic to be relevant to our business impact. This topic is material in the World Bank's operational boundary. The operational boundary is the project area of influence of a Bank-financed project. The Safeguards are the World Bank's previous Operational Policies for environmental and social risk management, while the ESF is the new system as of October 1, 2018. All new Investment Projects with Concept Note meetings on or after October 1, 2018 apply the ESF, while all IPFs approved before that date, will continue to apply the Safeguards Policies. Given the World Bank project cycle, the two systems are expected to run in parallel for the next six to seven years. The World Bank Safeguards Policy on Indigenous Peoples (OP/BP 4.10) underscores the need for borrowers and Bank staff to identify Indigenous Peoples, consult with them, and ensure that they participate in and benefit from Bank-funded operations in a culturally appropriate way. It also emphasizes that adverse impacts on them are avoided or, where not feasible, minimized or mitigated. For all projects that are proposed for World Bank financing and are applying the Safeguard Policies, and involve Indigenous Peoples, the Bank requires the borrower to engage in a process of free, prior, and informed consultation. The Bank provides project financing only where there is broad community support to the project by the affected Indigenous Peoples. The ESF, advances the World Bank's existing Indigenous Peoples policy by including Free, Prior, and Informed Consent (FPIC) and by addressing peoples in voluntary isolation, and pastoralists. FPIC is a specific right that recognizes Indigenous Peoples' right to self-determination over decisions affecting them or their territories. This provision is well harmonized with those of other international financial institutions. The review of the Bank's Safeguard Policies, which led to the development of the ESF, included a global dialogue and engagement process with Indigenous Peoples that sought to incorporate Indigenous Peoples in the review, as well as to strengthen World Bank support to and engagement with Indigenous Peoples, more generally. The consultations on the framework included several dedicated Indigenous Peoples dialogue sessions, which yielded important results in terms of participation, information gathered, and the beginning of a renewed and stronger relationship with Indigenous Peoples. The ESF includes a Vision Statement for Sustainable Development, an Environmental and Social Policy for IPF (which applies to the Bank) and 10 Environmental and Social Standards (which apply to the Borrower). ESS 7 on Indigenous Peoples/Sub-Saharan African Historically Underserved Traditional Local Communities adopts the principle of FPIC in projects affecting Indigenous people's territories, natural resources, cultural heritage or requiring involuntary resettlement. ESS7 also provides further guidance on Indigenous Peoples in urban areas and Indigenous Peoples living in voluntary isolation. The Inspection Panel is an independent complaints mechanism for people and communities who believe that they have been, or are likely to be, adversely affected by a World Bank-funded project.

65 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES 411-1: INCIDENTS OF VIOLATIONS INVOLVING RIGHTS OF INDIGENOUS PEOPLES

In fiscal year 2020, two projects that appeared to raise complaints regarding alleged non-compliance with the Indigenous Peoples policy and were processed by the Bank's Inspection Panel: 1. India: Rural Water Supply and Sanitation Project for Low Income States (Investigation) 2. Kenya: Kenya Climate Smart Agriculture Project & Kenya Urban Support Program (not registered) For more information, see case updates on the Inspection Panel website.

MANAGEMENT APPROACH: HUMAN RIGHTS

Human rights principles essential for sustainable development, such as nondiscrimination, meaningful consultation, effective public participation, property rights, accountability, transparency and good governance, are consistently applied in the World Bank's work to end poverty and boost shared prosperity. Stakeholders, including shareholders (the Boards), Borrowers, staff, and civil society, as well as Sustainable and Impact investors, recognize this topic to be relevant to our business impact. This topic is material within the Bank's operational boundary, a project area of influence of a World Bank-financed project. The World Bank recognizes the importance of human rights principles in development: transparency, accountability, non-discrimination, equality of opportunity, governance, empowerment, participation, and inclusion. These principles are reflected in all projects the World Bank finances. The ESF strengthens the Bank's commitment to disadvantaged or vulnerable individuals or groups. To provide further directions to Bank staff with regards to this issue under the ESF, in 2016 the Bank issued a Bank Directive on Addressing Risks and Impacts on Disadvantaged or Vulnerable Individuals or Groups. Under the Directive, when a project poses specific risks and impacts to individuals or groups who, because of their particular circumstances, may be disadvantaged, the task team, through its due diligence responsibilities, supports the borrower in the Environmental and Social Assessment, including in carrying out consultations, and ascertains whether (1) the environmental and social assessment has properly identified the disadvantaged or vulnerable individuals or groups; and (2) appropriate differentiated mitigation measures have been incorporated into project design and documented in relevant project material so that adverse impacts do not fall disproportionately on the disadvantaged or vulnerable, and they are not disadvantaged in sharing any development benefits resulting from the project. Additional guidance to World Bank staff on these issues is included in ESF Good Practice Notes on Gender, Non-Discrimination and Disability and Non-Discrimination: Sexual Orientation and Gender Identity. The World Bank's IEG evaluates the development effectiveness of the World Bank group. The World Bank's IAD is an independent, objective assurance and consulting activity that helps to improve WBG operations. The Inspection Panel is an independent complaints mechanism for people and communities who believe that they have been, or are likely to be, adversely affected by a World Bank-funded project. The World Bank's GRS provides an additional, accessible way for individuals and communities to complain directly to the World Bank if they believe that a World Bank-financed project had or is likely to have adverse effects on them or their community. The GRS enhances the World Bank's responsiveness and accountability by ensuring that grievances are promptly reviewed and responded to, and problems and solutions are identified by working together.

66 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES 412-1: OPERATIONS THAT HAVE BEEN SUBJECT TO HUMAN RIGHTS REVIEWS OR IMPACT ASSESSMENTS

One hundred percent of the investment projects financed by the World Bank were appraised in accordance with requirements per the Bank's policies to protect the environment and people potentially affected by Bank supported projects. The Bank screens each proposed project to determine the appropriate extent and type of environmental and social analysis to be undertaken during project preparation. For projects applying the Safeguard policies, this process includes a determination of and whether the project may involve the application of different safeguard policies. For projects applying the ESF, all 10 of the environmental and social standards apply, though they will have varying levels of relevance depending on the nature of the project. Environmental and social risk management, including risk mitigation measures, are also referenced in the project legal agreement, and therefore are part of the contract with the borrower. For details on projects, see: http://projects.worldbank.org.

412-2: OPERATIONS THAT HAVE BEEN SUBJECT TO HUMAN RIGHTS REVIEWS OR IMPACT ASSESSMENTS

World Bank environmental and social safeguard policies are a cornerstone of our support of sustainable development and poverty reduction. The objective of these policies is to prevent and mitigate undue harm to people and their environment in the development process. The safeguards and ESF trainings cover two different systems and have two different curricula and require separate training. Given the World Bank project cycle, the two systems are expected to run in parallel for the next six to seven years. All new projects come under the ESF, but any project that had a concept review before October 1, 2018 apply the old safeguards system. To build staff capacity on the new ESF, an ESF Internal Capacity Building Program was launched in November 2017. By the end fiscal year 2020, over 3,500 staff were trained in 170 face-to-face sessions, including Environmental and Social Specialists, Country Directors, Practice Managers, Communications Specialists, and others. 46 percent of the participants in these face-to-face sessions were trained in the field (i.e., outside of headquarters). A series of 40 ESF Learning Labs and Clinics were also held. Online e-learning courses on the ESF have reached nearly 4,500 staff and consultants.

412-3: SIGNIFICANT INVESTMENT AGREEMENTS AND CONTRACTS THAT INCLUDE HUMAN RIGHTS CLAUSES OR THAT UNDERWENT HUMAN RIGHTS SCREENING

Environmental and social risk management are part of the contract with the borrower. Risk management is based on the human rights principles referred to above. The World Bank does not include human rights clauses in its contracts and does not screen contracts for human rights.

MANAGEMENT APPROACH: ENVIRONMENTAL AND SOCIAL IMPACT ON LOCAL COMMUNITIES

The Bank screens all projects proposed for financing to determine the appropriate extent and type of potential impacts on communities and the environment. Stakeholders, including shareholders (the Boards), Borrowers, staff, and civil society, as well as Sustainable and Impact investors, recognize this topic to be relevant to our business impact. The topic is material within the Bank's operational boundaries. The operational boundary is the project area of influence of a Bank-financed project For Investment Projects applying the Safeguard Policies, if it is considered that a project will have adverse impacts on a community, the borrower must carry out an environmental and social impact assessment. This impact assessment will consider gender issues as part of its social analysis. The borrower is required to consult

67 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES on environmental and social impacts and mitigation measures with the communities affected by the project. For meaningful consultations between the borrower and project-affected groups and local NGOs, the borrower is required to provide relevant material in a timely manner prior to consultation, in a form and language that are understandable and accessible to the groups being consulted. For projects with significant risks (categories A and B under the old safeguards system), the Bank discloses the environmental and social assessment. The borrower is required to establish a project-level grievance redress mechanism for all projects with adverse impacts. The Environmental and Social Assessment process evaluates a project's potential environmental risks and impacts in its area of influence; examines project alternatives; identifies ways of improving project selection, siting, planning, design, and implementation by preventing, minimizing, mitigating, or compensating for adverse environmental and social impacts and enhancing positive impacts; and includes the process of mitigating and managing adverse environmental impacts throughout project implementation. The ESF enhances requirements for stakeholder engagement. ESS1 of the ESF covers Assessment and Management of Environmental and Social Risks, while ESS10 relates specifically to Stakeholder Engagement, covering both the preparation and implementation of the project. ESS10 establish a systematic approach to stakeholder engagement that helps borrowers identify stakeholders and maintain a constructive relationship with them. Borrower's must assess stakeholder interest and support for the project and enable stakeholders' views to be taken into account in project design, provide means for effective and inclusive engagement with project-affected parties throughout the project life-cycle and ensure that appropriate project information is disclosed to stakeholders in a timely, understandable, accessible and appropriate manner. Engagement is proportionate to the nature, scale, risks and impacts of the project, and appropriate to stakeholders' interests. A Stakeholder Engagement Plan (SEP) is required for every project and is prepared by the borrower.

413-1: OPERATIONS WITH LOCAL COMMUNITY ENGAGEMENT, IMPACT ASSESSMENTS, AND DEVELOPMENT PROGRAMS

One hundred percent of World Bank investment projects require engagement with the local community.

413-2: OPERATIONS WITH SIGNIFICANT ACTUAL AND POTENTIAL NEGATIVE IMPACTS ON LOCAL COMMUNITIES

ESF from ESF launch in Oct 2018, up to end fiscal year 2020, 64 had an environmental and social risk classification of High, 257 were Substantial, 201 Moderate, and 58 Low.

68 WORLD BANK GRI INDEX 2020 SOCIAL DISCLOSURES : : GRI 400 SOCIAL STANDARDS SERIES