Organizational Information and Lending Data Appendixes

Annual Report 2017

Contents Lending Data 4

Africa: World Bank Lending by Theme and Sector (Fiscal 2013–17) 5 East Asia and Pacific: World Bank Lending by Theme and Sector (Fiscal 2013–17) 6 Europe and Central Asia: World Bank Lending by Theme and Sector (Fiscal 2013–17) 7 Latin America and the Caribbean: World Bank Lending by Theme and Sector (Fiscal 2013–17) 8 Middle East and North Africa: World Bank Lending by Theme and Sector (Fiscal 2013–17) 9 South Asia: World Bank Lending by Theme and Sector (Fiscal 2013–17) 10 Africa: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 11 East Asia and Pacific: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 12 Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 13 Latin America and the Caribbean: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 14 Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 15 South Asia: World Bank Commitments, Disbursements, and Net Transfers (Fiscal 2013–17) 16 Operations Approved for IBRD and IDA Assistance in Fiscal 2016, by Region and Country (Fiscal 2017) 17 World Bank Development Policy Operations (Fiscal 2017) 20 World Bank Development Policy Commitments (Fiscal 2013–17) 22 IBRD and IDA Cumulative Lending by Sector, by Region (Fiscal 2013–17) 23 IBRD and IDA Cumulative Lending, by Country (Fiscal 1945-2016) 24 Active Project Portfolio by Region and Sector (June 30, 2017) 28 New Operations Approved 29

Summaries of Operations Approved during Fiscal 2017, All Regions 30 Income by Region 51

Regional Poverty Estimates (1981-2013) 52 Population living below $1.90 a day (millions, 2011 PPP) Population living below $1.90 a day (% of population, 2011 PPP) Population living below $3.10 a day (millions, 2011 PPP) Population living below $3.10 a day (% of population, 2011 PPP) Gross Domestic Product per Capita Index, 2005–16 53 Organizational Information 54 Governors and Alternates of the World Bank 55 Executive Directors and Alternates of the World Bank and Their Voting Power 60 Development Committee Communique (October 8, 2016) 64 Development Committee Communique (April 22, 2017) 66 Officers of the World Bank 68 Organization Chart of the World Bank (June 13, 2016) 69 Annual Remuneration Disclosure Notice 70 Offices of the World Bank 73 International Bank for Reconstruction and Development Membership 80 International Development Association Membership 85 Country Eligibility for Borrowing from the World Bank 90 World Bank Expenditures by Organizational Unit 93 Contributions: Top-10 Trust Fund Donors 94 World Bank Lending (Fiscal 2017) 95 Global Reporting Initiative (GRI) Index – Fiscal Year 2017 160

Annual Report 2017

Lending Data

Africa: World Bank Lending by Theme and Sector | Fiscal 2013–17 millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 1,002 Environment and Natural Resource Management — — — — 4,258 Finance — — — — 333 Human Development and Gender — — — — 3,621 Private Sector Development — — — — 3,409 Public Sector Management — — — — 1,689 Social Development and Protection — — — — 1,278 Urban and Rural Development — — — — 5,643

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 1,026 1,177 1,138 538 1,352 Education 631 748 747 865 960 Energy and Extractives 1,338 2,029 1,148 1,708 1,618 Financial Sector 51 400 654 234 124 Health 498 498 1,858 940 594 Industry, Trade, and Services 288 552 343 465 961 Information and Communications Technologies 113 163 159 44 274 Public Administration 1,072 1,295 2,284 1,005 1,360 Social Protection 726 882 1,210 2,294 774 Transportation 2,013 1,610 1,304 720 2,130 Water, Sanitation, and Waste Management 488 1,259 724 552 1,694

Sector Total 8,245 10,613 11,569 9,365 11,842

Of which IBRD 42 420 1,209 669 1,163 Of which IDA 8,203 10,193 10,360 8,696 10,679

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. Due to methodological changes in fiscal 2017, past year's theme data is not comparable and therefore excluded. Also, 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 2013–17 millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 736 Environment and Natural Resource Management — — — — 1,865 Finance — — — — 1,001 Human Development and Gender — — — — 1,225 Private Sector Development — — — — 916 Public Sector Management — — — — 441 Social Development and Protection — — — — 324 Urban and Rural Development — — — — 3,474

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 204 625 1,033 706 523 Education 589 626 226 321 368 Energy and Extractives 740 834 574 2,093 218 Financial Sector 316 68 501 285 135 Health 384 260 233 145 679 Industry, Trade, and Services 280 261 282 427 1,237 Information and Communications Technologies 35 81 69 - 207 Public Administration 1,229 1,065 809 940 736 Social Protection 305 267 68 270 440 Transportation 1,168 1,891 1,233 1,329 1,445 Water, Sanitation, and Waste Management 998 334 1,316 985 1,120

Sector Total 6,247 6,313 6,342 7,500 7,107

Of which IBRD 3,661 4,181 4,539 5,176 4,404 Of which IDA 2,586 2,131 1,803 2,324 2,703

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 2013–17 millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 54 Environment and Natural Resource Management — — — — 2,573 Finance — — — — 967 Human Development and Gender — — — — 436 Private Sector Development — — — — 1,613 Public Sector Management — — — — 1,057 Social Development and Protection — — — — 72 Urban and Rural Development — — — — 691

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 214 478 154 47 358 Education 86 102 330 103 120 Energy and Extractives 333 1,206 1,423 151 2,205 Financial Sector 1,238 562 930 1,290 760 Health 225 574 277 214 202 Industry, Trade, and Services 483 455 882 1,254 133 Information and Communications Technologies 22 13 42 39 8 Public Administration 825 1,387 692 1,124 648 Social Protection 806 105 919 411 140 Transportation 933 97 1,158 2,168 608 Water, Sanitation, and Waste Management 155 546 400 471 127

Sector Total 5,320 5,527 7,207 7,271 5,308

Of which IBRD 4,591 4,729 6,679 7,039 4,569 Of which IDA 729 798 527 233 739

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 2013–17 millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 387 Environment and Natural Resource Management — — — — 1,520 Finance — — — — 794 Human Development and Gender — — — — 1,039 Private Sector Development — — — — 1,488 Public Sector Management — — — — 942 Social Development and Protection — — — — 186 Urban and Rural Development — — — — 2,450

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 342 231 117 145 335 Education 664 674 1,051 1,090 577 Energy and Extractives 166 59 391 227 520 Financial Sector 154 89 493 591 206 Health 494 16 533 736 217 Industry, Trade, and Services 172 143 374 1,159 638 Information and Communications Technologies 3 - 48 0.3 122 Public Administration 1,836 1,664 942 1,551 1,910 Social Protection 553 723 1,291 743 158 Transportation 704 776 389 1,173 573 Water, Sanitation, and Waste Management 117 693 396 803 621

Sector Total 5,204 5,068 6,024 8,218 5,876

Of which IBRD 4,769 4,609 5,709 8,035 5,373 Of which IDA 435 460 315 183 503

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 2013–17 millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 265 Environment and Natural Resource Management — — — — 1,086 Finance — — — — 562 Human Development and Gender — — — — 1,093 Private Sector Development — — — — 1,650 Public Sector Management — — — — 903 Social Development and Protection — — — — 962 Urban and Rural Development — — — — 306

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 203 120 - 314 83 Education 213 - 73 70 100 Energy and Extractives 591 211 1,025 1,091 905 Financial Sector 213 737 550 445 866 Health 22 103 105 97 415 Industry, Trade, and Services 88 154 225 404 760 Information and Communications Technologies 55 219 - 145 183 Public Administration 300 440 228 1,345 1,331 Social Protection 235 150 661 31 776 Transportation 40 470 10 558 255 Water, Sanitation, and Waste Management 98 185 616 681 207

Sector Total 2,058 2,788 3,492 5,181 5,880

Of which IBRD 1,809 2,588 3,294 5,170 4,869 Of which IDA 249 199 198 11 1,011

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 2013 -2017 millions of dollars

Theme 2013 2014 2015 2016 2017

Economic Policy — — — — 1,023 Environment and Natural Resource Management — — — — 1,710 Finance — — — — 1,180 Human Development and Gender — — — — 1,744 Private Sector Development — — — — 1,502 Public Sector Management — — — — 420 Social Development and Protection — — — — 661 Urban and Rural Development — — — — 1,727

Sector 2013 2014 2015 2016 2017

Agriculture, Fishing, and Forestry 255 578 926 659 128 Education 705 1,469 1,193 769 723 Energy and Extractives 270 2,458 261 2,144 859 Financial Sector 127 172 967 256 1,015 Health 785 100 85 240 329 Industry, Trade, and Services 171 390 264 616 506 Information and Communications Technologies 83 52 38 43 228 Public Administration 482 935 967 646 723 Social Protection 651 395 467 120 404 Transportation 660 2,431 1,298 898 813 Water, Sanitation, and Waste Management 285 1,555 1,395 1,971 334

Sector Total 4,474 10,535 7,860 8,363 6,061

Of which IBRD 378 2,077 2,098 3,640 2,233 Of which IDA 4,096 8,458 5,762 4,723 3,828

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 2013–17 millions of dollars

Ethiopia Nigeria Tanzania Total region Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 903 6,700 1,511 7,099 1,205 4,119 11,842 51,614 Undisbursed balances 4,043 4,043 5,260 5,260 3,011 3,011 34,513 34,513 Gross disbursements 1,047 4,707 928 4,247 462 2,773 7,047 35,305 Repayments 23 85 82 456 37 102 605 2,461 Net disbursements 1,024 4,623 846 3,791 425 2,671 6,443 32,844 Interest and charges 41 152 60 227 43 181 592 2,157 Net transfers 983 4,471 786 3,564 382 2,491 5,850 30,687

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2016 and 2017). 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 2013–17 millions of dollars

China Vietnam Indonesia Total region Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 2,420 9,379 1,658 8,879 1,692 7,184 7,106 33,508 Undisbursed balances 8,533 8,533 6,983 6,983 2,967 2,967 23,449 23,449 Gross disbursements 1,530 7,049 1,106 6,375 1,466 7,953 5,106 26,851 Repayments 2,081 10,584 144 552 397 2,098 2,920 15,349 Net disbursements -552 -3,535 962 5,823 1,069 5,855 2,186 11,501 Interest and charges 225 811 148 560 361 1,436 870 3,443 Net transfers -777 -4,346 814 5,263 708 4,419 1,316 8,058

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2016 and 2017). IBRD and IDA commitments do not include Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries; and principal, interest, and charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding. Europe and Central Asia: World Bank Commitments, Disbursements, and Net Transfers I Fiscal 2013–17 millions of dollars

Ukraine Kazakhstan Poland Total region Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 650 5,397 67 2,492 0 3,778 5,309 30,724 Undisbursed balances 1,932 1,932 1,408 1,408 485 485 14,239 14,239 Gross disbursements 123 3,509 216 2,757 77 4,356 3,109 25,891 Repayments 262 1,248 217 832 129 1,077 2,786 15,424 Net disbursements -139 2,261 -2 1,925 -52 3,279 323 10,467 Interest and charges 86 216 59 147 28 246 599 2,710 Net transfers -225 2,045 -61 1,778 -80 3,033 -276 7,757

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2016 and 2017). 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 2013–17 millions of dollars

Colombia Peru Argentina Total region Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 1,687 5,957 165 3,790 1,525 3,862 5,877 30,392 Undisbursed balances 1,613 1,613 3,740 3,740 3,317 3,317 18,084 18,084 Gross disbursements 928 5,109 84 1,477 955 3,883 4,114 27,361 Repayments 493 2,901 323 1,644 677 3,436 3,040 14,597 Net disbursements 435 2,208 -239 -167 278 447 1,074 12,764 Interest and charges 228 1,110 64 254 135 653 1,299 5,464 Net transfers 207 1,098 -304 -421 143 -206 -225 7,300

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2016 and 2017). IBRD and IDA commitments do not include Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries; and principal, interest, and charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding. Middle East and North Africa: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2013–17 millions of dollars

Egypt, Arab Rep. Iraq Morocco Total region Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 1,500 5,335 1,485 3,390 500 4,294 5,880 19,418 Undisbursed balances 3,175 3,175 627 627 1,053 1,053 7,697 7,697 Gross disbursements 2,632 5,323 1,509 2,966 637 3,804 5,726 16,095 Repayments 326 1,142 33 82 159 847 887 4,314 Net disbursements 2,307 4,180 1,476 2,884 477 2,958 4,839 11,781 Interest and charges 109 320 43 71 54 283 283 1,028 Net transfers 2,197 3,860 1,433 2,813 423 2,675 4,556 10,753

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2016 and 2017). IBRD and IDA commitments do not include Heavily Indebted Poor Country (HIPC) Initiative grants. Effective fiscal 2005, IBRD and IDA commitments include guarantees and guarantee facilities. Commitments to regional projects are classified in this table as regional projects and are not counted as commitments of the individual countries involved in the regional project. However, undisbursed balances, gross disbursements, repayments, net disbursements, interest and charges, and net transfers are reported or classified under the individual countries because the individual amounts are covered by separate loan, credit, grant, or guarantee agreements and are guaranteed by the individual countries. Disbursements are made to the individual countries; and principal, interest, and charges are billed to the individual countries. Repayments are made by the individual countries and also include payments from donors under debt service trust funds or debt relief under HIPC and the Multilateral Debt Relief Initiative (MDRI). Numbers may not add to totals because of rounding. South Asia: World Bank Commitments, Disbursements, and Net Transfers | Fiscal 2013–17 millions of dollars

India Pakistan Bangladesh Total region Item 2017 2013–17 2017 2013–17 2017 2013–17 2017 2013–17

IBRD and IDA commitments 2,284 16,349 1,126 7,599 1,152 8,088 6,060 37,203 Undisbursed balances 16,367 16,367 3,118 3,118 5,357 5,357 28,376 28,376 Gross disbursements 2,426 12,423 903 5,727 1,307 4,673 5,424 25,957 Repayments 2,595 10,869 406 2,054 308 1,463 3,461 15,081 Net disbursements -168 1,554 497 3,672 999 3,210 1,963 10,876 Interest and charges 420 1,597 173 653 90 426 729 2,879 Net transfers -588 -43 325 3,019 909 2,784 1,234 7,996

Note: The table shows the three countries with the largest lending commitments in the region over the past two fiscal years (2016 and 2017). 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, by Region and Country | Fiscal 2017 millions of dollars

IBRD IDA Total Region and country Operations Amount Operations Amount Operations Amount

Africa Africa (regional) 11 841 11 841 Angola 3 332 3 332 Benin 3 173 3 173 Botswana 1 146 1 146 Burkina Faso 4 220 4 220 Burundi 3 115 3 115 Cabo Verde 1 27 1 27 Cameroon 2 517 3 153 5 670 Central African 6 143 6 143 Chad 5 212 5 212 Comoros 1 3 1 3 Congo, Democrat 6 525 6 525 Congo, Republic 3 55 3 55 Côte d'Ivoire 6 660 6 660 Ethiopia 5 903 5 903 Gabon 1 50 1 50 Gambia, The 4 76 4 76 Ghana 4 251 4 251 Guinea 2 52 2 52 Guinea-Bissau 1 25 1 25 Kenya 4 800 4 800 Lesotho 2 33 2 33 Liberia 3 92 3 92 Madagascar 4 195 4 195 Malawi 5 421 5 421 Mali 4 101 4 101 Mauritania 2 43 2 43 Mozambique 4 104 4 104 Niger 3 121 3 121 Nigeria 5 1,511 5 1,511 Rwanda 2 141 2 141 São Tomé and Príncipe 2 21 2 21 Senegal 5 533 5 533 Sierra Leone 4 90 4 90 South Africa 1 93 1 93 South Sudan 1 50 1 50 Swaziland 1 25 1 25 Tanzania 5 1,205 5 1,205 Togo 4 82 4 82 Uganda 3 350 3 350 Zambia 6 353 6 353

Total 9 1,163 136 10,679 145 11,842

East Asia and Pacific Cambodia 3 120 3 120 China 13 2,420 13 2,420 Fiji 1 6 1 6 Indonesia 7 1,692 7 1,692 Kiribati 2 22 2 22 IBRD IDA Total Region and country Operations Amount Operations Amount Operations Amount

Lao People's De 2 64 2 64 Marshall Islands 1 20 1 20 Micronesia, Fed. Sts. 1 16 1 16 Mongolia 4 99 4 99 Myanmar 4 616 4 616 Pacific Islands 0 4 0 4 Papua New Guinea 4 128 4 128 Philippines 2 140 0 2 140 Samoa 1 5 1 5 Solomon Islands 2 36 2 36 Timor-Leste 1 35 1 35 Tonga 1 5 1 5 Tuvalu 1 3 1 3 Vanuatu 2 18 2 18 Vietnam 2 146 10 1,512 12 1,658

Total 25 4,403 39 2,703 64 7,106

Europe and Central Asia Albania 3 241 3 241 Armenia 1 50 1 50 Belarus 1 125 1 125 Bosnia and Herzegovina 4 260 4 260 Croatia 1 394 1 394 Europe and Central Asia (Regional) 1 800 1 800 Georgia 1 50 1 50 Kazakhstan 1 67 1 67 Kosovo 3 62 3 62 Kyrgyz Republic 4 89 4 89 Moldova 2 40 1 41 3 80 Montenegro 1 3 0 1 3 Romania 2 625 0 2 625 Serbia 5 459 0 5 459 Tajikistan 1 226 1 226 Turkey 3 683 0 3 683 Ukraine 2 650 0 2 650 Uzbekistan 2 122 1 323 3 445

Total 30 4,569 10 739 40 5,309

Latin America and the Caribbean Argentina 9 1,525 9 1,525 Bolivia 2 300 30 2 330 Brazil 1 73 1 73 Chile 1 80 1 80 Colombia 4 1,687 4 1,687 Ecuador 1 91 1 91 Grenada 1 9 1 9 Guatemala 4 450 4 450 Guyana 2 19 2 19 Haiti 8 186 8 186 Honduras 1 25 1 25 Jamaica 1 70 1 70 IBRD IDA Total Region and country Operations Amount Operations Amount Operations Amount

Mexico 3 350 3 350 Nicaragua 5 195 5 195 OECS Countries 2 8 27 2 34 Panama 2 365 2 365 Paraguay 1 100 1 100 Peru 4 165 4 165 St. Lucia 1 2 1 2 St. Vincent and the Grenadines 1 11 1 11 Uruguay 2 110 2 110

Total 37 5,373 19 504 56 5,877

Middle East and North Africa Djibouti 2 28 2 28 Egypt, Arab Rep. 2 1,500 2 1,500 Iraq 2 1,485 2 1,485 Jordan 4 460 100 4 560 Lebanon 3 305 1 100 4 405 Morocco 3 500 3 500 Tunisia 3 618 3 618 Yemen, Rep. 5 783 5 783

Total 17 4,869 8 1,011 25 5,880

South Asia Afghanistan 7 448 7 448 Bangladesh 9 1,152 9 1,152 Bhutan 1 24 1 24 India 12 1,776 4 508 16 2,284 Maldives 2 36 2 36 Nepal 5 640 5 640 Pakistan 1 390 6 736 7 1,126 Sri Lanka 1 67 3 283 4 350

Total 14 2,233 37 3,827 51 6,060

Overall total 132 22,611 249 19,463 381 42,074

Note: OECS = Organization of Eastern Caribbean States. Data include guarantees. IDA commitments total does not include a $50 million grant for the Pandemic Emergency Financing Facility. Supplemental and additional financing operations (except for projects scaled up through additional financing) are not counted as separate lending operations, although they are included in the amount. Joint IBRD-IDA operations are counted only once, as IBRD operations. A blank space indicates zero. Data as of 6/30/2017 World Bank Development Policy Operations | Fiscal 2017 millions of dollars

Country Project ID Operation IBRD IDA Total

Afghanistan P160544 Inclusive Growth Development Policy Grant 0 100 100 Africa (Regional) P158333 Second Regional Trade Facilitation and Competitiveness Development Policy Credit 0 100 100 Albania P155605 Competitiveness Development Policy Loan 70 0 70 Albania P152064 Financial Sector Development Policy Loan 100 0 100 Armenia P160100 Fourth Development Policy Loan 50 0 50 Bhutan P157469 Second Fiscal Sustainability and Investment Climate Development Policy Credit 0 24 24 Bosnia and Herzegovina P149768 Public Finances Development Policy Loan 80 0 80 Burkina Faso P157060 First Energy and Fiscal Management Development Policy Operation 0 100 100 Central African Republic P160123 First State Consolidation Development Policy Grant 0 20 20 Chad P162548 Fiscal Consolidation Development Policy Grant 0 80 80 Chad P163968 Emergency Fiscal Stabilization Development Policy Grant 0 65 65 China P157404 Chongqing-Dadukou Fiscal Sustainability Development Policy Loan 200 0 200 China P157406 Hunan Fiscal Sustainability Development Policy Loan 200 0 200 Colombia P158520 First Programmatic Territorial Development Development Policy Loan 800 0 800 Colombia P158739 First Sustainability and Compeitiveness Development Policy Loan 600 0 600 Côte d'Ivoire P158463 First Fiscal Management, Education, and Energy Reforms Development Policy Credit 0 75 75 Egypt, Arab Rep. P161228 Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy 1,000 0 1,000 Loan Gambia, The P163285 Emergency Development Policy Credit 0 56 56 Georgia P156444 Second Programmatic Inclusive Growth Development Policy Loan 50 0 50 Grenada P156761 Third Programmatic Resilience-Building Development Policy Credit 0 9 9 Guatemala P160667 First Programmatic Improved Governance of Public Resources and Nutrition Development Policy Loan 250 0 250 Indonesia P158140 First Logisitics Reform Development Policy Loan 400 0 400 Iraq P161167 Second Expenditure Rationalization, Energy Efficiency, and State-Owned Enterprise Governance 1,444 0 1,444 Programmatic Development Policy Loan Jamaica P163586 Second Competitiveness and Fiscal Management Programmatic Development Policy Loan 70 0 70 Jordan P160236 Second Programmatic Energy and Water Sector Reforms Development Policy Loan 225 0 225 Kiribati P155540 Third Economic Reform Development Policy Grant 0 2 2 Kyrgyz Republic P148099 Programmatic Governance and Competitiveness Development Policy Operation 0 24 24 Lao PDR P159956 First Programmatic Green Growth Development Policy Credit 0 39 39 Liberia P151502 Third Poverty Reduction Support Development Policy Grant 0 40 40 Liberia P163164 Third Poverty Reduction Support Development Policy Operation (Supplemental) 0 12 12 Madagascar P160866 Public Finance Sustainability and Investment Development Policy Grant 0 65 65 Malawi P153753 Agricultural Support and Fiscal Management Development Policy Credit 0 80 80 Mali P157900 First Poverty Reduction and Inclusive Growth Support Development Policy Credit 0 50 50 Mauritania P160592 First Fiscal Consolidation and Private Sector Support Development Policy Grant 0 26 26 Country Project ID Operation IBRD IDA Total

Moldova P149555 Second Development Policy Loan 27 18 45 Morocco P153603 Second Capital Market Development and Small and Medium-Size Enterprise Financing Development Policy 350 0 350 Loan Myanmar P152734 First Macroeconomics Stability and Fiscal Resilience Development Policy Credit 0 200 200 Nepal P156960 Third Financial Sector Stability Development Policy Credit 0 100 100 Niger P159969 Support Development Policy Credit 0 50 50 Pakistan P161136 Finance for Growth Development Policy Credit 0 302 302 Panama P154819 Second Programmatic Shared Prosperity Development Policy Loan 300 0 300 Romania P149776 Second Fiscal Effectiveness and Growth Development Policy Loan 558 0 558 Rwanda P158698 Third Social Protection System Development Policy Credit 0 95 95 Samoa P155118 Second Fiscal and Economic Reform Development Policy Credit 0 5 5 São Tomé and Príncipe P159010 Strengthening Growth and Fiscal Policy Development Policy Grant 0 5 5 Senegal P159023 First Multi-Sectoral Structural Reforms Development Policy Credit 0 60 60 Serbia P149750 Second Programmatic State-Owned Enterprises Reform Development Policy Loan 100 0 100 Serbia P155694 Public Expenditure and Public Utilities Development Policy Loan 200 0 200 Serbia P157489 Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option 70 0 70 Sierra Leone P156651 Productivity and Transparency Support Development Policy Credit 0 30 30 Sri Lanka P157804 Competitiveness, Transparency, and Fiscal Sustainability Development Policy Credit 0 100 100 Tonga P159262 Second Inclusive Growth Development Policy Operation 0 5 5 Tunisia P158111 Business Environment and Entrepreneurship Development Policy Loan 500 0 500 Tuvalu P155066 Third Development Policy Grant 0 3 3

Total 7,644 1,940 9,584

Note: Numbers may not add to totals because of rounding. World Bank Development Policy Commitments | Fiscal 2013–17

2013 2014 2015 2016 2017 Region ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent) ($ millions) (percent)

Africa 938 10 926 9 2,440 25 760 5 1,009 11 East Asia and Pacific 1,635 18 1,770 17 822 8 1,695 11 1,054 11 Europe and Central Asia 2,529 27 2,506 24 2,562 26 3,050 20 1,347 14 Latin America and the Caribbean 2,875 31 2,832 27 2,930 30 4,475 30 2,029 21 Middle East and North Africa 1,093 12 1,300 12 430 4 3,450 23 3,519 37 South Asia 166 2 1,152 11 620 6 1,670 11 626 7

Total 9,236 100 10,487 100 9,804 100 15,100 100 9,584 100

World Bank development policy loan commitments IBRD 7,282 79 7,997 76 7,207 74 13,210 87 7,644 80 IDA 1,954 21 2,489 24 2,597 26 1,890 13 1,940 20

Total 9,236 100 10,487 100 9,804 100 15,100 100 9,584 100

World Bank total lending commitments IBRD 15,249 18,604 23,528 29,729 22,611 IDA 16,298 22,239 18,966 16,171 19,463

Total 31,547 40,843 42,495 45,900 42,074

Share of development policy commitments 29 26 23 36 23

Note: Numbers may not add to totals because of rounding. IDA total lending commitments do not include a $50 million grant for the Pandemic Emergency Financing Facility. IBRD and IDA Cumulative Lending by Sector, by Region | Fiscal 2013-17 millions of dollars

Region Latin America Middle East East Asia and Europe and and the and North IBRD commitmentsa Africa Pacific Central Asia Caribbean Africa South Asia Total

Sector Agriculture, Fishing, and Forestry 77 1,362 515 1,083 714 116 3,866 Education 104 1,176 573 3,928 253 617 6,650 Energy and Extractives 1,014 3,185 4,821 1,191 3,773 1,975 15,960 Financial Sector 590 887 4,635 1,466 2,781 583 10,942 Health 44 1,189 1,253 1,847 421 0 4,754 Industry, Trade, and Services 97 2,085 3,083 2,359 1,542 559 9,724 Information and Communications Technologies 42 178 78 148 598 107 1,150 Public Administration 812 3,617 4,485 7,577 3,634 747 20,871 Social Protection 51 889 2,327 3,274 1,096 0 7,637 Transportation 244 4,614 4,488 3,220 1,146 3,374 17,086 Water, Sanitation, and Waste Management 428 2,779 1,350 2,404 1,771 2,349 11,080 Total 3,502 21,960 27,607 28,496 17,730 10,426 109,722

Region Latin America Middle East East Asia and Europe and and the and North IDA commitmentsa Africa Pacific Central Asia Caribbean Africa South Asia Total

Sector Agriculture, Fishing, and Forestry 5,155 1,730 737 87 6 2,423 10,138 Education 3,848 954 169 129 203 4,241 9,543 Energy and Extractives 6,827 1,273 497 172 49 4,017 12,835 Financial Sector 872 417 144 66 30 1,955 3,484 Health 4,343 512 240 148 320 1,539 7,102 Industry, Trade, and Services 2,513 402 124 128 89 1,395 4,651 Information and Communications Technologies 711 214 46 26 3 336 1,336 Public Administration 6,204 1,161 191 326 9 3,006 10,897 Social Protection 5,834 460 55 193 756 2,037 9,335 Transportation 7,534 2,451 476 395 187 2,726 13,769 Water, Sanitation, and Waste Management 4,290 1,975 348 227 16 3,190 10,046 Total 48,132 11,548 3,026 1,896 1,669 26,867 93,137

Note: Figures are cumulative since fiscal 2013, the first year for which reclassified sector and theme data are available. Starting fiscal 2005, lending includes guarantees and guarantee facilities. Amounts may not add to totals because of rounding. a. No account is taken of cancellations subsequent to the original commitment. IBRD loans to IFC are excluded. As of fiscal year 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. Due to methodological changes in fiscal 2017, past year's theme data is not comparable and cannot be combined; it is therefore excluded here. Please visit projects.worldbank.org/sector and projects.worldbank.org/theme for more information on changes. IBRD and IDA Cumulative Lending, by Country | Fiscal 1945–2017 millions of dollars

IBRD IDA IBRD/IDA Country Amount Amount Amount

Afghanistan 3,720 3,720 Africa (regional) 344 12,134 12,478 Albania 1,353 950 2,303 Algeria 5,892 5,892 Angola 982 1,024 2,006 Antigua and Barbuda 10 10 Argentina 33,139 33,139 Armenia 976 1,408 2,383 Australia 418 418 Austria 106 106 Azerbaijan 2,864 1,128 3,993 Bahamas, The 43 43 Bangladesh 46 26,212 26,258 Barbados 153 153 Belarus 1,611 1,611 Belgium 76 76 Belize 131 131 Benin 2,081 2,081 Bhutan 320 320 Bolivia 880 2,762 3,642 Bosnia and Herzegovina 605 1,440 2,045 Botswana 1,041 16 1,057 Brazil 59,669 59,669 Bulgaria 3,260 3,260 Burkina Faso 2 4,240 4,242 Burundi 5 2,016 2,020 Cabo Verde 54 399 452 Cambodia 1,150 1,150 Cameroon 1,865 2,612 4,476 Central African Republic 886 886 Central America (regional) 32 32 Central Asia 83 83 Chad 40 1,495 1,535 Chile 4,377 19 4,396 China 50,284 9,947 60,230 Colombia 24,806 20 24,825 Comoros 179 179 Congo, Dem. Rep. 330 7,167 7,497 Congo, Rep. 342 658 1,000 Costa Rica 2,256 6 2,262 Côte d'Ivoire 2,888 4,448 7,335 Croatia 4,646 4,646 Cyprus 419 419 Czech Republic 776 776 Denmark 85 85 Djibouti 283 283 Dominica 7 40 46 Dominican Republic 2,368 22 2,390 East Asia (regional) 17 17 Ecuador 4,209 37 4,246 Egypt, Arab Rep. 16,267 1,984 18,251 El Salvador 2,323 26 2,348 IBRD IDA IBRD/IDA Country Amount Amount Amount

Equatorial Guinea 45 45 Eritrea 549 549 Estonia 151 151 Ethiopia 109 17,084 17,192 Europe and Central Asia (regional) 800 800 Fiji 259 259 Finland 317 317 France 250 250 Gabon 674 674 Gambia, The 458 458 Georgia 1,173 1,550 2,722 Ghana 407 9,433 9,840 Greece 491 491 Grenada 32 82 113 Guatemala 3,818 3,818 Guinea 75 1,860 1,936 Guinea-Bissau 453 453 Guyana 80 414 494 Haiti 3 1,837 1,840 Honduras 717 2,320 3,037 Hungary 5,661 5,661 Iceland 47 47 India 57,333 50,932 108,264 Indonesia 50,985 2,875 53,861 Iran, Islamic Rep. 3,413 3,413 Iraq 3,797 509 4,305 Ireland 153 153 Israel 285 285 Italy 400 400 Jamaica 2,715 2,715 Japan 863 863 Jordan 4,390 185 4,576 Kazakhstan 9,164 9,164 Kenya 1,181 10,088 11,269 Kiribati 87 87 Korea, Rep. 15,587 111 15,698 Kosovo 253 253 Kyrgyz Republic 1,365 1,365 Lao PDR 1,468 1,468 Latvia 985 985 Lebanon 2,388 100 2,488 Lesotho 155 691 846 Liberia 156 1,238 1,394 Lithuania 491 491 Luxembourg 12 12 Macedonia, FYR 1,455 379 1,833 Madagascar 33 4,214 4,247 Malawi 124 4,115 4,239 Malaysia 4,151 4,151 Maldives 223 223 Mali 2 3,483 3,485 Malta 8 8 Marshall Islands 31 31 Mauritania 146 1,199 1,345 Mauritius 828 20 848 IBRD IDA IBRD/IDA Country Amount Amount Amount

Mexico 54,915 54,915 Micronesia, Fed 69 69 Moldova 434 896 1,330 Mongolia 771 771 Montenegro 313 75 388 Morocco 16,280 51 16,331 Mozambique 6,232 6,232 Myanmar 33 3,322 3,355 Namibia 15 15 Nepal 5,162 5,162 Netherlands 244 244 New Zealand 127 127 Nicaragua 234 2,089 2,323 Niger 2,863 2,863 Nigeria 7,143 14,762 21,905 Norway 145 145 OECSa countries 103 203 306 Oman 157 157 Pacific Islands 17 17 Pakistan 9,572 21,490 31,062 Panama 3,071 3,071 Papua New Guinea 787 613 1,399 Paraguay 1,706 46 1,751 Peru 13,099 13,099 Philippines 18,389 294 18,683 Poland 16,159 16,159 Portugal 1,339 1,339 Romania 13,525 13,525 Russian Federation 14,151 14,151 Rwanda 3,338 3,338 Samoa 264 264 São Tomé and Príncipe 130 130 Senegal 165 4,628 4,793 Serbia 2,783 689 3,472 Seychelles 62 62 Sierra Leone 19 1,361 1,380 Singapore 181 181 Slovak Republic 425 425 Slovenia 178 178 Solomon Islands 149 149 Somalia 492 492 South Africa 4,146 4,146 South Asia (regional) 766 766 South Sudan 214 214 Southeastern Europe (regional) 10 91 101 Spain 479 479 Sri Lanka 593 5,768 6,361 St. Kitts and Nevis 23 2 25 St. Lucia 37 71 108 St. Vincent and the Grenadines 12 69 81 Sudan 166 1,353 1,519 Swaziland 202 8 210 Syrian Arab Republic 613 47 661 Taiwan, China 329 15 345 Tajikistan 1,024 1,024 IBRD IDA IBRD/IDA Country Amount Amount Amount

Tanzania 319 13,145 13,464 Thailand 9,143 125 9,268 Timor-Leste 15 118 133 Togo 20 1,252 1,272 Tonga 144 144 Trinidad and Tobago 334 334 Tunisia 9,284 75 9,359 Turkey 38,920 179 39,098 Turkmenistan 90 90 Tuvalu 46 46 Uganda 9 8,727 8,736 Ukraine 12,449 12,449 Uruguay 4,333 4,333 Uzbekistan 1,329 1,770 3,100 Vanuatu 148 148 Venezuela, RB 3,328 3,328 Vietnam 3,458 20,428 23,886 Yemen, Rep. 4,655 4,655 Yugoslavia 6,091 6,091 Zambia 679 4,023 4,702 Zimbabwe 983 662 1,645

Overall total 681,347 345,534 1,026,881

Note: 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. 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. Active Project Portfolio by Region and Sector | June 30, 2017

Net commitments Region ($ billions) (percent) Africa 63.7 28 East Asia and Pacific 35.8 16 Europe and Central Asia 25.7 11 Latin America and the Caribbean 28.9 13 Middle East and North Africa 15.8 7 South Asia 53.9 24 Other 0.1 0

Total 223.8 100

Net commitments Sectora ($ billions) (percent) Agriculture, Fishing, and Forestry 20.2 9 Education 18.4 8 Energy and Extractives 34.9 16 Financial Sector 9.6 4 Health 12.8 6 Industry, Trade, and Services 10.5 5 Information and Communications Technologies 2.6 1 Public Administration 25.6 11 Social Protection 15.1 7 Transportation 43.6 19 Water, Sanitation, and Waste Management 30.5 14

Total 223.8 100

Note: Portfolio of projects includes IBRD/IDA operations as well as other trust-funded operations (that is, special financing operations, global environment facility operations, large recipient-executed operations, Montreal protocol operations) that are implemented by the World Bank.

Annual Report 2017

New Operations Approved Summaries of Operations Approved during Fiscal 2017 Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Africa Financial Sector Development and Regionalization Project (Additional AFR Financing) establishes the foundation for financial sector integration among East P160770 9/30/2016 - g IPF Yes - - - 10.5 7.6 - (Regional) f African Community partner states.

Second Regional Trade Facilitation and Competitiveness Development Policy Africa Financing reduces trade transaction costs along the Abidjan-Ouagadougou corridor AFR P158333 12/13/2016 2022 / 2054 c DPF - - - - 100.0 71.8 - (Regional) g by supporting the implementation of the reform programs in Burkina Faso and Côte d'Ivoire for the transport and customs sectors.

West Africa Agricultural Productivity Program (Additional Financing) generates Africa and accelerates adoption of improved technologies in the participating countries' top AFR P158983 2/3/2017 2023 / 2054 c IPF Yes - - - 68.0 60.4 - (Regional) h agricultural commodity priority areas that are aligned with the sub-region's top agricultural commodity priorities, as outlined in the ECOWAP.

Regional Disease Surveillance Systems Enhancement (Second Phase) strengthens national and regional cross‐sectoral capacity for collaborative disease Africa surveillance and epidemic preparedness in West Africa, thereby addressing AFR P159040 3/1/2017 2022 / 2055 c, g IPF - - Yes - 147.0 109.0 - (Regional) i systemic weaknesses within the animal and human health systems that hinder effective disease surveillance and response; and provides immediate and effective response to eligible emergencies.

West Africa Regional Communications Infrastructure Project contributes to Africa increasing the geographical reach of broadband networks and to reducing costs of AFR P155876 3/24/2017 2023 / 2054 c IPF - - Yes - 35.0 25.8 - (Regional) j communication services in Guinea-Bissau, and between Guinea-Bissau and ECOWAS countries. Second South West Indian Ocean Fisheries Governance and Shared Growth Africa Project improves the management of selected fisheries at the regional, national, and AFR P153370 3/28/2017 2023 / 2055 c, g IPF - - Yes - 74.0 54.6 - (Regional) k community levels and increases access by targeted fishers to alternative livelihood activities. Development Response to Displacement Impacts Project in the Horn of Africa Africa improves access to basic social services, expands economic opportunities, and AFR P161067 4/26/2017 2023 / 2055 c, g IPF - - Yes - 103.0 76.2 - (Regional) l enhances environmental management for communities hosting refugees in the target areas. Smallholder Agriculture Development and Commercialization Project increases AFR Angola smallholder agriculture productivity, production, and marketing for selected crops in P154447 7/5/2016 2021 / 2035 l IPF - - Yes 70.0 - - - the project areas. Angola Statistics Project strengthens the capacity of the National Institute for AFR Angola Statistics to fill data gaps, improve statistical production, and enhance statistical P157671 12/7/2016 2022 / 2046 l IPF - - - 62.0 - - - dissemination practices. Second Water Sector Institutional Development Project strengthens the AFR Angola institutional capacity of selected water sector agencies and increases water service P151224 3/10/2017 2023 / 2046 l IPF - - - 200.0 - - - coverage in target cities.

Small Town Water Supply and Urban Septage Management Project increases access to water supply and sanitation in selected small towns and urban areas; AFR Benin strengthens service delivery capacity of water supply and sanitation sector P156738 12/19/2016 2023 / 2054 c IPF - - Yes - 68.0 48.4 - institutions in selected small towns and urban areas; and in the event of an eligible crisis or emergency, provides for an immediate and effective response.

Agricultural Productivity and Diversification Project (Additional Financing) AFR Benin restores and improves productivity and value addition for selected value chains in P160029 4/14/2017 2023 / 2055 c IPF Yes - Yes - 45.0 32.8 - the recipient's territory.

Energy Service Improvement Project improves the state-owned power distribution AFR Benin utility's operational performance, expands electricity access in targeted areas, and P161015 6/23/2017 2026 / 2047 c IPF - - - - 60.0 44.5 - promotes community-based management of forest resources.

Emergency Water Security and Efficiency Project improves the availability of AFR Botswana water supply in drought-vulnerable areas, increases the efficiency of Water Utilities P160911 3/1/2017 2021 / 2036 l IPF - - Yes 145.5 - - - Corporation, and strengthens wastewater management in selected systems.

First Energy and Fiscal Management Development Policy Financing supports the government to improve the financial sustainability of the energy sector; diversify AFR Burkina Faso P157060 12/20/2016 2023 / 2054 c, g DPF - - Yes - 100.0 71.9 - energy and improve the legal and institutional framework of the energy sector; and strengthen tax collection and public procurement processes.

Transport Sector Modernization and Corridor Trade Facilitation Project AFR Burkina Faso improves the efficiency and safety of transport services on the Burkinabé section of P156892 1/12/2017 2023 / 2054 c IPF - - Yes - 20.0 14.5 - the Ouagadougou-Abidjan road transport corridor. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

eBurkina Project improves the capacity and use of information and communication technologies by public administrations and agencies for the provision of information AFR Burkina Faso P155645 1/18/2017 2023 / 2054 c IPF - - Yes - 20.0 14.9 - and public e-services and to foster entrepreneurship in the digital economy, with a specific focus on agriculture and rural areas.

Electricity Sector Support Project (Additional Financing) contributes to AFR Burkina Faso increasing access to electricity, improving the reliability of electricity supply, and P160344 6/8/2017 2023 / 2055 c IPF Yes - - - 80.0 60.7 - improving efficient use of energy in targeted areas. Agro-Pastoral Productivity and Markets Development Project (Additional AFR Burundi Financing) increases small producers' productivity and market access for targeted P161447 12/15/2016 - g IPF Yes - Yes - 25.0 18.0 - commodities. Social Safety Nets Project (Merankabandi ) provides regular cash transfers to extreme poor and vulnerable households with children in selected areas while AFR Burundi P151835 12/15/2016 - g IPF - - Yes - 40.0 29.2 - strengthening the delivery mechanisms for the development of a basic social safety net system.

Health System Support Project increases the use of quality reproductive, AFR Burundi maternal, neonatal, child, and adolescent health services, and provides immediate P156012 2/24/2017 - g IPF - - - - 50.0 37.2 - and effective response in the event of an eligible crisis or emergency.

Great Lakes Regional Integrated Agriculture Development Project increases agricultural productivity and commercialization in targeted areas, improves AFR Burundi P161781 5/5/2017 - g IPF - - Yes - 75.0 55.4 - agricultural regional integration, and provides immediate and effective response in the event of an eligible crisis or emergency.

Transport Sector Reform Project (Additional Financing) supports efforts to AFR Cabo Verde improve the efficiency and management of the country's national road assets and to P161248 6/15/2017 2027 / 2057 c IPF Yes - - - 27.0 19.7 - lay the groundwork for transport sector state-owned enterprise reform.

Livestock Development Project improves productivity of selected livestock production systems and the commercialization of their products for the targeted AFR Cameroon P154908 10/27/2016 2022 / 2041 c IPF - - Yes - 100.0 71.8 - beneficiaries, and provides immediate and effective response in the event of an eligible crisis or emergency. Transport Sector Development Project strengthens transport planning, improves transport efficiency and safety on the Babadjou–Bamenda section of the AFR Cameroon P150999 10/27/2016 2023 / 2046 l IPF - - Yes 192.0 - - - Yaounde–Bamenda transport corridor, and enhances safety and security at selected airports.

Electricity Transmission and Reform Project improves the capacity, efficiency, AFR Cameroon P152755 12/7/2016 2024 / 2046 l IPF - - Yes 325.0 - - - and reliability of the country's national electricity transmission network.

Mining Sector Capacity Building Project (Additional Financing) improves the AFR Cameroon efficiency and transparency of mining sector management and the frameworks for P160917 3/31/2017 2022 / 2042 c IPF Yes - - - 26.9 19.9 - sustainable mining development.

Hydropower Development on the Sanaga River Technical Assistance Project AFR Cameroon improves the country's institutional capacity for the sustainable development of P157733 5/11/2017 2022 / 2042 c IPF - - Yes - 26.3 20.0 - hydroelectric resources on the Sanaga River Basin.

First State Consolidation Development Policy Financing supports the AFR Central African Republic reestablishment of basic fiscal management and transparency as well as supports P160123 12/1/2016 - g DPF - - Yes - 20.0 14.4 - economic recovery.

Data for Decision Making Project increases the capacity of the national statistical AFR Central African Republic institute to produce and publicly disseminate statistics through data recovery, P160717 3/31/2017 - g IPF - - Yes - 10.0 7.4 - institutional development, and support to data production.

Reintegration of Ex-Combatants Project supports the social and economic AFR Central African Republic reintegration of demobilized ex-combatants and improves access to socio-economic P160272 4/13/2017 - g IPF - - Yes - 30.0 22.2 - infrastructure and economic opportunities for host communities.

Service Delivery and Support to Communities Affected by Displacement AFR Central African Republic Project increases access to basic services, infrastructure, and safety nets for P161591 5/16/2017 - g IPF - - Yes - 28.0 20.7 - communities affected by forced displacement.

Public Expenditure and Investment Management Reform Project improves AFR Central African Republic P161730 6/19/2017 - g IPF - - Yes - 10.0 7.3 - management and transparency of public expenditures and public investments.

Rural Connectivity Project improves rural road connectivity to markets and social AFR Central African Republic services, and in the event of an eligible crisis or emergency, provides for an P160500 6/30/2017 - g IPF - - Yes - 45.0 32.6 - immediate and effective response.

Safety Nets Project pilots cash transfers and cash-for-work interventions to the AFR Chad P156479 9/1/2016 - g IPF - - Yes - 5.0 3.6 - poor and lays the foundations of an adaptive safety nets system. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Fiscal Consolidation Program Development Policy Financing helps maintain AFR Chad stability on fiscal and macroeconomic aspects, including protection of critical P162548 12/21/2016 - g DPF - - - - 80.0 58.3 - government programs, and to sets the basis for medium‐term reforms.

Statistical Development Project strengthens the capacity of the national statistics AFR Chad institute to collect, process, and disseminate data with improved quality, frequency, P159434 4/3/2017 - g IPF - - Yes - 12.0 8.9 - and timeliness. Education Sector Reform Project (Second Phase, Additional Financing) AFR Chad improves teaching and learning conditions in primary scools nationwide and upper P163740 6/23/2017 - g IPF Yes - Yes - 50.0 36.5 - secondary schools in selected areas. Emergency Fiscal Stabilization Development Policy Financing supports immediate fiscal stabilization through expenditure rationalization, and establishes AFR Chad P163968 6/29/2017 - g DPF - - Yes - 65.0 47.0 - social protection mechanisms that help mitigate related negative social effects on the poor and vulnerable. Comoros Statistics Project strengthens the capacity of the National Statistical AFR Comoros P159437 1/9/2017 - g IPF - - - - 2.5 1.9 - Office to improve the production and dissemination of statistics.

Public Financial Management and Accountability Project (Additional AFR Congo, Dem. Rep. Financing) improves domestic revenue mobilization, public expenditure P159160 2/14/2017 - g IPF Yes - Yes - 50.0 37.0 - management, and accountability at the central level and in selected provinces.

Agriculture Rehabilitation and Recovery Project (Additional Financing) AFR Congo, Dem. Rep. increases agricultural productivity and improves the marketing of crops and animal P159037 3/22/2017 2023 / 2055 c IPF Yes - Yes - 75.0 55.8 - products in targeted areas.

Health System Strengthening for Better Maternal Health and Child Health AFR Congo, Dem. Rep. Results Project (Additional Financing) improves utilization and the quality of P157864 3/31/2017 2023 / 2054 c IPF Yes - Yes - 120.0 88.4 - maternal and child health services in targeted areas.

Urban Development Project (Additional Financing) improves access to basic AFR Congo, Dem. Rep. services and infrastructure and strengthens urban and municipal management of the P157114 5/4/2017 2023 / 2055 c IPF Yes - Yes - 90.0 66.5 - target cities. Electricity Access and Services Expansion Project expands access to electricity AFR Congo, Dem. Rep. P156208 5/4/2017 2023 / 2055 c, g IPF - - Yes - 145.0 106.8 - in targeted areas. Public Service Reform and Rejuvenation Project (Additional Financing) AFR Congo, Dem. Rep. strengthens and rejuvenates the civil service in selected ministries at the central and P160612 5/16/2017 - g IPF Yes - Yes - 45.0 33.3 - provincial levels. Central African Backbone Project (Third Phase, Additional Financing) AFR Congo, Rep. contributes to increase geographical reach and usage of regional broadband network P160292 3/30/2017 2022 / 2042 c IPF Yes - - - 5.0 3.7 - services and to reduces their prices. Lisungi Safety Nets System Project (Additional Financing) strengthens the social safety nets system and its programs aimed at improving both access to health AFR Congo, Rep. P161154 3/30/2017 2022 / 2042 c IPF Yes - - - 10.0 7.4 - and education services and productivity among poor and vulnerable households in participating areas. Integrated Public Sector Reform Project improves public resources management AFR Congo, Rep. P160801 5/4/2017 2022 / 2042 c IPF - - Yes - 40.0 29.6 - and accountability in the country. Transport Sector Modernization and Corridor Trade Facilitation Project AFR Côte d'Ivoire improves the efficiency and safety of transport services on the Ivorian section of the P156900 7/5/2016 2021 / 2041 c IPF - - Yes - 30.0 21.1 - Abidjan–Ouagadougou road transport corridor.

Infrastructure Renewal and Urban Management Project (Additional Financing) AFR Côte d'Ivoire P156253 8/2/2016 2021 / 2041 c IPF Yes - - - 60.0 43.2 - improves access to basic infrastructure in targeted urban and rural areas.

Urban Water Supply Project improves quality of, and increases access to, water services in selected urban areas and strengthens capacity of the National Water AFR Côte d'Ivoire P156739 12/9/2016 2022 / 2041 c IPF - - - - 50.0 35.1 - Agency for financial planning and financial management of the urban water supply sector. First Fiscal Management, Education, and Energy Reforms Development Policy AFR Côte d'Ivoire Financing supports government reforms in the areas of fiscal management, P158463 12/15/2016 2022 / 2041 c DPF - - Yes - 75.0 53.3 - education, and electricity. Electricity Transmission and Access Project contributes to the improvement of AFR Côte d'Ivoire the efficiency and reliability of electricity supply and increased access to electricity in P157055 3/30/2017 2026 / 2046 c IPF - - Yes - 325.0 239.2 - Côte d’Ivoire. Infrastructure for Urban Development and Competitiveness of Second Cities AFR Côte d'Ivoire Project creates conditions for improved competitiveness in targeted secondary P151324 6/2/2017 2022 / 2040 c IPF - - - - 120.0 91.2 - cities.

Somalia Emergency Drought Response and Recovery Project addresses the immediate needs of the drought affected people within the territory of the Federal AFR Eastern Africa m P163830 5/30/2017 - g IPF - - Yes - 50.0 36.5 - Republic of Somalia, and supports resilient recovery through the provision of livelihood opportunities and the restoration of agricultural and pastoral production.

Second Urban Water Supply and Sanitation Project increases access to AFR Ethiopia enhanced water supply and sanitation services in an operationally efficient manner in P156433 3/31/2017 2021 / 2041 c IPF - - - - 445.0 328.6 - Addis Ababa and selected cities. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$) Trade Logistics Project enhances the performance of the Ethio-Djibouti corridor AFR Ethiopia through improvements in operational capacity, efficiency, and range of logistics P156590 3/31/2017 2023 / 2054 c IPF - - Yes - 150.0 110.4 - services at the Modjo Dry Port.

National Quality Infrastructure Development Project improves the delivery of AFR Ethiopia P160279 3/31/2017 2023 / 2054 c IPF - - Yes - 50.0 37.2 - quality assurance services to enterprises in the targeted sectors.

Fourth Productive Safety Net Project (Additional Financing) increases access to AFR Ethiopia safety net and disaster risk management systems, complimentary livelihoods P163350 5/2/2017 2023 / 2055 c IPF Yes - - - 108.1 79.7 - services and nutrition support for food insecure households in rural areas.

Health Sustainable Development Goals Program-for-Results (Additional AFR Ethiopia Financing) improves the delivery and use of a comprehensive package of maternal P160108 5/9/2017 2023 / 2055 c PforR Yes - Yes - 150.0 110.6 - and child health services. Statistical Development Project strengthens the statistical capacity of Gabon, fill AFR Gabon key data gaps, improve statistical production, and enhance statistical dissemination P157473 3/30/2017 2022 / 2037 l IPF - - - 50.0 - - - practices.

Results for Education Achievement and Development Project (Additional AFR Gambia, The Financing) increases access to basic education, improves the quality of teaching P160282 9/14/2016 - g IPF Yes - - - 7.5 5.4 - and learning in lower-basic schools, and strengthens education systems.

Integrated Financial Management Information Systems Project (Additional AFR Gambia, The P159000 9/27/2016 2023 / 2054 c IPF Yes - - - 5.0 3.6 - Financing) increases the recipient's capacity in public resource management.

Maternal and Child Nutrition and Health Results Project (Additional Financing) AFR Gambia, The increases the utilization of community nutrition and primary maternal and child health P159693 1/9/2017 2023 / 2054 c, g IPF Yes - - - 7.5 5.6 - services in selected regions.

Emergency Development Policy Financing supports strengthening the AFR Gambia, The P163285 6/30/2017 2023 / 2055 c DPF - - - - 56.0 40.6 - government's fiscal position while restoring the provision of essential public services.

Economic Management Strengthening Project strengthens the government's AFR Ghana P152171 8/30/2016 2022 / 2041 c IPF - - - - 15.0 10.8 - institutional capacity for revenue and expenditure management.

Transport Sector Improvement Project reduces travel time on selected parts of AFR Ghana the classified road network in northern Ghana, promotes road safety, and P151026 6/6/2017 2022 / 2042 c IPF - - Yes - 150.0 110.6 - strengthens the institutional management of the transport sector.

Sustainable Rural Water and Sanitation Project (Additional Financing) expands AFR Ghana access to and ensures sustainability of water and sanitation services in rural and P163846 6/28/2017 2022 / 2042 c IPF Yes - - - 45.7 33.0 - small town communities in six regions over the next six years.

Secondary Education Improvement Project (Additional Financing) increases AFR Ghana access to senior secondary education in underserved districts and improves quality P163628 6/28/2017 2022 / 2042 c IPF Yes - - - 40.0 28.9 - in low-performing senior high schools.

Economic Governance Technical Assistance and Capacity Building Project AFR Guinea (Additional Financing) modernizes public financial and human resources P157662 6/9/2017 - g IPF Yes - Yes - 22.0 16.1 - management and enhances statistical capacity in the country.

Urban Water Project increases access to improved water services in the Greater AFR Guinea P157782 6/27/2017 - g IPF - - Yes - 30.0 21.9 - Conakry area and improves the operational efficiency of the urban water utility.

Emergency Water and Electricity Services Upgrading Project (Additional Financing) restores and increases the access of the population of the capital city of AFR Guinea-Bissau Bissau to safe water and improves the quality of water services; improves the P161630 5/30/2017 2023 / 2055 c, g IPF Yes - Yes - 25.0 18.5 - reliability of electricity supply to the population of Bissau; and improves the performance of the Electricity and Water Utility of Guinea-Bissau.

National Agricultural and Rural Inclusive Growth Project increases agricultural productivity and profitability of targeted communities in selected counties, and in the AFR Kenya P153349 8/23/2016 2022 / 2054 c IPF - - Yes - 200.0 142.6 - event of an eligible crisis or emergency, provides for an immediate and effective response. Climate-Smart Agriculture Project increases agricultural productivity and builds resilience to climate change risks in the targeted smallholder farming and pastoral AFR Kenya P154784 2/9/2017 2023 / 2054 c IPF - - - - 250.0 184.7 - communities in Kenya, and provides immediate and effective response in the event of an eligible crisis or emergency. National Safety Net Program-for-Results (Additional Financing) supports the AFR Kenya country's efforts to establish an effective national safety net program for poor and P161179 4/26/2017 2023 / 2055 c PforR Yes - - - 50.0 36.8 - vulnerable households.

Water and Sanitation Development Project improves water supply and sanitation AFR Kenya P156634 4/26/2017 2026 / 2047 c IPF - - Yes - 300.0 224.9 - services in select coastal and northeastern regions in the country. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Social Assistance Project (Additional Financing) supports the government in improving the efficiency, equity, and short responsive function of selected social AFR Lesotho P160934 12/6/2016 2022 / 2041 c IPF Yes - - - 20.0 14.6 - assistance programs and, in the event of an eligible crisis or emergency, provides for an immediate and effective response.

Second Private Sector Competitiveness and Economic Diversifiecation Project AFR Lesotho (Additional Financing) improves the business environment for firms, strengthens P160964 3/24/2017 2022 / 2042 c IPF Yes - - - 13.4 10.0 - select government institutions, and further diversifies the economy.

Third Poverty Reduction Support Development Policy Financing strengthens governance with particular emphasis on transparency and accountability as well as AFR Liberia budget execution and oversight; addresses key constraints to growth, including P151502 11/17/2016 - g DPF - - Yes - 40.0 28.7 - electricity; and improves human capital development particularly through improved access to education and health.

Road Asset Management Project (Second Additional Financing) supports AFR Liberia efforts to reduce transport costs along the road corridor from Monrovia to the Guinea P161939 5/8/2017 2023 / 2054 c IPF Yes - - - 40.0 29.2 - border and to maintain the road in good condition over a 10-year period.

Third Poverty Reduction Support Development Policy Financing helps to sustain and deepen government-owned reform efforts in the context of the AFR Liberia P163164 6/26/2017 2023 / 2055 c, g DPF - - - - 12.0 8.9 - implementation of the Agenda for Transformation, the government’s medium-term development program.

Social Safety Net Project (Additional Financing) supports the government in AFR Madagascar increasing the access of extremely poor households to safety net services and in P160554 11/10/2016 - g IPF Yes - Yes - 35.0 25.1 - laying the foundation for a social protection system.

Public Finance Sustainability and Investment Development Policy Financing AFR Madagascar strengthens the country's fiscal framework and enhances the environment for P160866 11/22/2016 - g DPF - - Yes - 65.0 46.6 - investment.

Sustainable Landscape Management Project increases access to improved irrigation services and agricultural inputs, strengthens the integrated management of AFR Madagascar P154698 3/23/2017 2023 / 2055 c IPF - - Yes - 65.0 48.4 - natural resources by local actors, and provides immediate and effective response in the event of an eligible crisis or emergency.

Statistical Capacity Building Project strengthens the capacity of the National AFR Madagascar Statistics Institute to produce quality statistics and enhances its statistical P160071 3/29/2017 2023 / 2055 c IPF - - - - 30.0 22.4 - dissemination practices. Strengthening Safety Nets Systems Project—Fourth Malawi Social Action Fund (Second Additional Financing) improves resilience among poor households AFR Malawi P160519 11/8/2016 2022 / 2054 c, g IPF Yes - - - 70.0 50.2 - and strengthens Malawi's social safety net delivery system and coordination across programs.

Drought Recovery and Resilience Project supports the government to meet the AFR Malawi immediate food security and livelihoods restoration needs of the communities P161392 11/8/2016 - g IPF - - - - 104.0 74.6 - affected by drought, and promotes recovery and resilience in key affected sectors.

Agricultural Support and Fiscal Management Development Policy Financing improves incentives for private sector participation in agricultural markets and AFR Malawi P153753 5/4/2017 2023 / 2055 c DPF - - Yes - 80.0 58.9 - strengthens fiscal management through more effective expenditure controls and greater transparency. Agricultural Commercialization Project increases commercialization of agriculture AFR Malawi P158434 5/23/2017 2023 / 2055 c IPF - - Yes - 95.0 70.1 - value chain products selected under the project. Digital Malawi Program (First Phase) increases access to affordable, high quality AFR Malawi internet services for government, business, and citizens and improves the P160533 6/5/2017 2023 / 2055 c IPF - - - - 72.4 53.4 - government's capacity to deliver digital public services.

Support to Agro-Industrial Competitiveness Project increases the processing of AFR Mali P151449 11/22/2016 2023 / 2054 c IPF - - Yes - 30.0 21.5 - agricultural products for targeted value chains in the selected geographic areas.

Reinsertion of Ex-Combatants Project supports the socioeconomic reinsertion of AFR Mali P157233 2/28/2017 - g IPF - - - - 15.0 11.2 - demobilized ex-combatants. First Poverty Reduction and Inclusive Growth Support Development Policy AFR Mali Financing fosters inclusive growth and supports pro-poor decentralized transfers P157900 5/30/2017 2023 / 2055 c DPF - - Yes - 50.0 37.9 - and social protection. Renewable Energy Power Guarantee Project increases the supply of renewable AFR Mali P148355 6/8/2017 - gu IPF - - - - 6.2 - - energy by independent power producers. First Fiscal Consolidation and Private Sector Support Development Policy AFR Mauritania Financing supports fiscal consolidation and private sector participation in non- P160592 12/15/2016 - g DPF - - Yes - 26.0 19.0 - extractives sectors. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Health System Support Project improves utilization and quality of reproductive AFR Mauritania maternal, neonatal, and child health services in selected regions, and in the event of P156165 5/19/2017 - g IPF - - Yes - 17.0 12.6 - an eligible crisis or emergency, provides for an immediate and effective response.

Emergency Resilient Recovery Project (Additional Financing) restores the functionality of critical infrastructure in a resilient manner in the disaster-affected AFR Mozambique P161559 1/13/2017 2023 / 2054 c IPF Yes - - - 20.0 14.8 - provinces, and improves the government's capacity to respond promptly and effectively to an eligible crisis or emergency. Forest Investment Project improves the practices and enabling environment for AFR Mozambique P160033 3/7/2017 2023 / 2055 c IPF - - Yes - 15.0 11.2 - forest and land management in targeted areas. Social Protection Project (Additional Financing) provides temporary income AFR Mozambique support to extremely poor households and puts in place the building blocks of a P161351 3/10/2017 2023 / 2055 c IPF Yes - Yes - 10.0 7.4 - social safety net system. Education Sector Support Project (Additional Financing) improves access to AFR Mozambique P160959 6/2/2017 2023 / 2055 c IPF Yes - Yes - 59.0 43.5 - and quality and equity of education.

Second Public Investment Reform Support Development Policy Financing improves the quality, reliability, and accountability of the country’s public finance AFR Niger management and public investment management systems; establishes the policy P159969 2/28/2017 - g DPF - - Yes - 50.0 37.2 - and regulatory framework necessary for a well-functioning public irrigation sector; and facilitates the reform of the electricity sector.

Niger Solar Electricity Access Project increases access to electricity through solar AFR Niger P160170 6/7/2017 2023 / 2055 c, g IPF - - Yes - 49.9 37.8 - energy in rural and peri-urban areas of the country.

Third Community Action Program (Additional Financing) strengthens the country's local development planning and implementation capacities, to support the AFR Niger P163144 6/29/2017 - g IPF Yes - Yes - 20.8 15.2 - targeted population in improving agriculture productivities, and responds promptly and effectively to an eligible crisis or emergency.

Multi-Sectoral Crisis Recovery Project for North Eastern Nigeria supports the government in rehabilitating and improving critical service delivery infrastructure, improving the livelihood opportunities of conflict and displacement-affected AFR Nigeria P157891 3/20/2017 2022 / 2042 c IPF - - Yes - 200.0 148.8 - communities, and strengthening social cohesion in the participating states of Borno, Yobe, and Adamawa; and provides immediate and effective response in the event of an eligible crisis or emergency.

Agro-Processing, Productivity Enhancement, and Livelihood Improvement AFR Nigeria Support Project enhances agricultural productivity of small and medium scale P148616 3/23/2017 2022 / 2042 c IPF - - Yes - 200.0 147.2 - farmers and improve value addition along priority value chains in participating states.

Mineral Sector Support for Economic Diversification Project enhances the mining sector's contribution to the economy by strengthening key government AFR Nigeria P159761 4/14/2017 2022 / 2041 c IPF - - Yes - 150.0 110.4 - institutions, improving information infrastructure and knowledge, and fostering domestice investment in the sector.

Better Education Service Delivery for All Program-for-Results increases AFR Nigeria equitable access for out-of-school children, improves literacy in targeted states, and P160430 6/20/2017 2022 / 2042 c PforR - - Yes - 611.0 445.7 - strengthens accountability for results in basic education.

Kaduna State Economic Transformation Program-for-Results improves the AFR Nigeria business enabling environment and strengthens fiscal management and P161998 6/20/2017 2022 / 2042 c PforR - - Yes - 350.0 255.4 - accountability in Kaduna State. Third Social Protection System Development Policy Financing supports the AFR Rwanda government to improve the efficiency, accountability, and coverage of its social P158698 10/31/2016 2023 / 2054 c DPF - - Yes - 95.0 68.2 - protection system.

Transportation of Agriculture Sector Program-for-Results (Third Phase, AFR Rwanda Additional Financing) increases and intensifies the productivity of the agricultural P161000 2/28/2017 2023 / 2055 c PforR Yes - - - 46.0 34.3 - and livestock sectors and expands the development of value chains.

Lake Victoria Transport Program improves the efficient and safe movement of goods and people along the regional corridor from the border crossing at Rusumo to AFR Rwanda P160488 5/25/2017 2026 / 2047 c IPF - - - - 81.0 61.6 - the border crossing at Nemba and Rusizi together with upgrades to road asset management and road safety in Rwanda.

Power Sector Recovery Project increases renewable energy generation and AFR São Tomé and Príncipe P157096 7/5/2016 - g IPF - - Yes - 16.0 11.3 - improves the reliability of the electricity supply. Strengthening Growth and Fiscal Policy Development Policy Financing helps the government to introduce growth-enabling reforms in the financial sector, AFR São Tomé and Príncipe P159010 11/30/2016 - g DPF - - Yes - 5.0 3.6 - business environment, and infrastructure; generates fiscal resources and savings; and improves the quality of expenditures. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Electricity Sector Support Project (Additional Financing) contributes to reducing AFR Senegal SENELEC's technical and commercial losses and improving the reliability of P158655 7/28/2016 2025 / 2046 c IPF Yes - - - 70.0 50.4 - electricity services in selected areas focusing primarily on Greater Dakar.

Tourism and Enterprise Development Project creates condition necessary to AFR Senegal increase private investment in tourism in the 'Saly' area and strengthens enterprise P146469 4/26/2017 2023 / 2055 c IPF - - Yes - 74.0 55.6 - development in the country. OMVS - Transmission Expansion Project enhances electricity trade among Mali, AFR Senegal P147921 5/12/2017 2023 / 2055 c IPF - - Yes - 97.0 72.9 - Mauritania, and Senegal.

Dakar Bus Rapid Transit Pilot Project enhances urban mobility between Dakar AFR Senegal P156186 5/25/2017 2022 / 2055 c IPF - - Yes - 300.0 228.0 - and Guédiawaye through the development of a bus rapid transit corridor.

Supporting Gas Project Negotiations and Enhancing Institutional Capacities enhances the government's capacity to progress negotiations toward final AFR Senegal P160652 5/26/2017 2023 / 2055 c IPF - - - - 29.0 22.1 - investment decisions, and lays the foundations for the sector's contributions to the economy through enhanced legal and regulatory framework and capacity building.

First Multi-Sectoral Structural Reforms Development Policy Financing supports efforts to strengthen the governance and management of the energy sector to AFR Senegal reduce costs, improve reliability, and facilitate equitable access; and to enhance the P159023 6/30/2017 2023 / 2055 c DPF - - Yes - 60.0 45.0 - legal and regulatory framework of the information and communication technology sector to promote competition, investment, and equitable access.

Western Area Power Generation Project increases the power generated by AFR Sierra Leone P153805 7/14/2016 - gu IPF - - - - 40.0 - - independent power producers and mobilizes private capital.

Public Financial Management Improvement and Consoildation Project AFR Sierra Leone (Additional Financing) improves the public financial management system and P162667 6/7/2017 2023 / 2055 c IPF Yes - Yes - 10.0 7.3 - accountability in the use of government finances.

Revitalizing Education Development in Sierra Leone Project (Additional AFR Sierra Leone Financing) improves the learning environment in targeted schools and establishes P163161 6/20/2017 2023 / 2055 c IPF Yes - Yes - 10.0 7.3 - systems for monitoring of education interventions and outcomes.

Productivity and Transparency Support Development Policy Financing contributes to the government's objective of achieving sustainable and inclusive AFR Sierra Leone economic development through increasing productivity in selected economic sectors P156651 6/30/2017 2023 / 2055 c, g DPF - - Yes - 30.0 22.0 - and improving transparency and accountability in selected government decision making processes. Land Bank Financial Intermediation Project sustainably scales up the Land and AFR South Africa Agricultural Development Bank of South Africa’s financing, specifically to benefit P150008 1/23/2017 2021 / 2047 l IPF - - Yes 93.0 - - - emerging farmers. South Sudan Emergency Food and Nutrition Security Project provides food and nutrition support for the protection of lives and human capital of eligible beneficiaries, AFR South Sudan P163559 5/4/2017 - g IPF - - Yes - 50.0 36.9 - and helps farmers re-engage in agricultural production in selected drought-affected areas.

Improving Public Sector Performance Project improves public sector AFR Swaziland performance in selected ministries, departments, and agencies through the P152528 1/12/2017 2023 / 2040 l IPF - - - 25.0 - - - strengthening of human and public resources management and use of data.

Second Water Sector Suport Project strengthens the capacity for integrated water AFR Tanzania resources planning and management, and improves access to water supply and P150361 1/23/2017 2023 / 2054 c IPF - - Yes - 225.0 166.3 - sanitation services in an operationally efficient manner in Dar es Salaam.

Strategic Cities Project (Second Additional Financing) improves the quality of AFR Tanzania P159489 2/27/2017 2026 / 2047 g IPF Yes - - - 130.0 96.1 - and access to basic urban services in participating local government authorities.

Dar es Salaam Urban Transport Improvement Project improves transport AFR Tanzania mobility, accessibility, safety, and quality of transport service delivery along the P150937 3/8/2017 2023 / 2054 c IPF - - Yes - 425.0 316.2 - selected corridors in Dar es Salaam. Education Program-for-Results (Additional Financing) improves education AFR Tanzania P162470 5/23/2017 2023 / 2054 c PforR - - - - 80.0 59.0 - quality in the country's primary and secondary schools. Dar es Salaam Maritime Gateway Project improves the effectiveness and AFR Tanzania efficiency of the Port of Dar es Salaam for the benefit of public and private P150496 6/30/2017 2026 / 2047 c IPF - - Yes - 345.0 248.0 - stakeholders.

Employment Opportunities for Vulnerable Youth Project provides access to AFR Togo P157036 3/21/2017 - g IPF - - - - 15.0 11.1 - income generating opportunities to targeted poor and vulnerable youth.

Safety Nets and Basic Services Project provides poor communities and AFR Togo households with greater access to basic socioeconomic infrastructure and social P157038 3/21/2017 - g IPF - - Yes - 29.0 21.4 - safety nets. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$) Agriculture Sector Support Project (Additional Financing) rehabilitates and reinforces productive capacities among targeted benficiaries across selected value AFR Togo P159637 4/14/2017 2023 / 2055 c IPF Yes - Yes - 20.0 14.7 - chains and fosters an enabling institutional environment for the development of the agricultural sector. Trade and Logisitics Services Competitiveness Project improves the efficiency AFR Togo P158982 5/4/2017 2023 / 2054 c IPF - - - - 18.0 13.6 - of trade logisitics services in the country. Reproductive, Maternal, and Child Health Services Improvement Project improves utilization of essential health services with a focus on reproductive, AFR Uganda P155186 8/4/2016 2023 / 2054 c IPF - - Yes - 110.0 78.5 - maternal, newborn, child and adolescent health services in target districts, and scales-up birth and death registration services.

Strengthening Social Risk Management and Gender-Based Violence Prevention and Response Project increases participation in gender-based AFR Uganda P160447 6/20/2017 2023 / 2055 c IPF - - Yes - 40.0 29.2 - violence (GBV) prevention programs and utilization of multi-sectoral response services for survivors of GBV in targeted districts.

Intergovernmental Fiscal Transfers Program-for-Results improves the adequacy AFR Uganda and equity of fiscal transfers and improves fiscal management of resources by local P160250 6/27/2017 2023 / 2055 c PforR - - Yes - 200.0 145.9 - governments for health and education services.

Agribusiness and Trade Project contributes to increased market linkages and firm AFR Zambia P156492 12/16/2016 2022 / 2041 c IPF - - Yes - 40.0 29.2 - growth in agribusiness. Mining and Environmental Remediation and Improvement Project reduces environmental health risk to the local population in critically polluted mining areas in AFR Zambia P154683 12/16/2016 2022 / 2041 c IPF - - Yes - 65.6 47.8 - Chingola, Kabwe, Kitwe, and Mufulira municipalities, including lead exposure in Kabwe municipality. West Lunga Scaling Solar Energy Project increases solar electricity generation AFR Zambia P157943 2/16/2017 - gu IPF - - - - 3.5 - - capacity and diversifies electricity generation resources.

Integrated Forest Landscape Project improves landscape management in increases envrionmental and economic benefits for targeted rural communities in the AFR Zambia P161490 5/4/2017 2022 / 2042 c IPF - - Yes - 17.0 12.6 - Eastern Province and to improve the country's capactiy to respond promptly and effectively to an eligible crisis or emergency.

Improved Rural Connectivity Project improves the country's rural road accessibility for communities in selected areas; strengthens institutional capacity for AFR Zambia P159330 5/4/2017 2026 / 2041 c IPF - - Yes - 200.0 146.2 - sustainable management of rural roads; and responds promptly and effectively to an eligible crisis or emergency. Electricity Service Access Project increases electricity access in targeted rural AFR Zambia P162760 6/27/2017 2022 / 2042 c IPF - - Yes - 26.5 19.4 - areas.

Livelihood Enhancement and Association of the Poor Project improves access of poor and vulnerable households in selected communities to financial services, EAP Cambodia P153591 2/24/2017 2023 / 2054 c IPF - - Yes - 20.2 15.1 - opportunities for generating income, and small-scale infrastructure, and provides immediate and effective response in case of an eligible crisis or emergency.

Cambodia Southeast Asia Disaster Risk Management Project improves climate EAP Cambodia P160929 4/14/2017 2023 / 2054 c IPF - - Yes - 60.0 44.2 - resilient rural road connectivity in selected provinces.

Secondary Education Improvement Project expands lower-secondary education EAP Cambodia to achieve minimum standards in target areas, and provides for an immediate and P157858 4/14/2017 2023 / 2054 c IPF - - - - 40.0 29.5 - effective response in case of an eligible crisis or emergency.

Ningbo Sustainable Urbanization Project improves the use of urban public space EAP China and urban mobility, and reduces flood risk in selected counties in Ningbo P149485 7/15/2016 2021 / 2046 l IPF - - - 150.0 - - - Municipality. Lushan Earthquake Reconstruction and Risk Reduction Project improves access to disaster resilient infrastructure and strengthens risk reduction in select EAP China P153548 10/13/2016 2022 / 2045 l IPF - - - 300.0 - - - municipalities of Sichuan Province and improves emergency preparedness in Shimian County in Sichuan Province. Yunnan Early Childhood Education Innovation Project improves the access and EAP China quality of early childhood education provision in the project counties of Yunnan P152860 12/9/2016 2022 / 2049 l IPF - - Yes 50.0 - - - Province. Guangxi Rural Poverty Alleviation Pilot Project increases income generation EAP China opportunities through demonstration of value chain development models in the P153892 12/21/2016 2023 / 2042 l IPF - - - 100.0 - - - project counties.

Chongqing-Dadukou Fiscal Sustainability Development Policy Financing supports the Chongqing‐Dadukou District Government in achieving fiscal EAP China P157404 1/10/2017 2027 / 2040 l DPF - - - 200.0 - - - sustainability through a forward‐looking, comprehensive, and transparent public finance framework that integrates budget, public investment, and debt management. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Hunan Fiscal Sustainability Development Policy Financing supports the Hunan Provincial Government to achieve fiscal sustainability by developing a forward- EAP China P157406 1/10/2017 2022 / 2040 l DPF - - - 200.0 - - - looking, comprehensive, and transparent public finance framework that integrates budget, public investment, and debt management.

Shaanxi Poor Rural Areas Community Development Project increases incomes EAP China P153541 2/9/2017 2023 / 2045 l IPF - - - 100.0 - - - of targeted beneficiaries in selected poor counties of Shaanxi.

Anhui Road Maintenance Innovation and Demonstration Project improves EAP China highway maintenance delivery and asset management capacity in the participating P153173 2/21/2017 2023 / 2036 l IPF - - - 150.0 - - - municipalities and county in Anhui Province.

Second Gansu Cultural and Natural Heritage Protection and Development EAP China Project conserves cultural and natural heritage, enhances tourism services, and P149528 2/24/2017 2022 / 2046 l IPF - - - 100.0 - - - improves community services in selected project sites in Gansu Province.

Poyang Lake Basin Town Water Environment Management Project reduces the EAP China pollutant discharge into selected waterways, and improves management of water P153604 3/16/2017 2025 / 2042 l IPF - - - 150.0 - - - quality in selected counties in the Poyang Lake basin within Jiangxi Province.

Gansu Technical and Vocational Education and Training Project improves the EAP China quality and relevance of project schools in Gansu and strengthen the school and P154623 3/31/2017 2023 / 2047 l IPF - - - 120.0 - - - industry linkage.

Health Reform Program-for-Results improves the quality of healthcare services EAP China P154984 5/9/2017 2022 / 2051 l PforR - - - 600.0 - - - and the efficiency of the healthcare delivery systems in Anhui and Fujian provinces.

Three Gorges Modern Logistics Center Infrastructure Project improves freight EAP China P153473 6/30/2017 2023 / 2047 l IPF - - - 200.0 - - - transport and logistics services in Yichang. Pacific Regional Connectivity Program: Fiji Connectivity Project reduces the EAP Fiji cost and increases the availability of internet services in the Northern Division of the P159297 11/30/2016 2022 / 2034 l IPF - - - 6.0 - - - country's territory. National Slum Upgrading Project improves access to urban infrastructure and EAP Indonesia P154782 7/12/2016 2023 / 2032 l IPF - - Yes 216.5 - - - services in targeted slums. First Logistics Reform Development Policy Financing reduces the costs and EAP Indonesia P158140 11/2/2016 2025 / 2036 l DPF - - - 400.0 - - - improve the reliability of the logistics chain in Indonesia.

Dam Operational Improvement and Safety Project (Second Phase, Additional EAP Indonesia Financing) increases the safety and functionality of dams in selected locations and P161514 2/27/2017 2025 / 2032 l IPF Yes - - 125.0 - - - strengthens the operation and management capacity for dam safety.

Regional Infrastructure Development Fund Project increases access to EAP Indonesia infrastructure finance at the subnational level through a financially sustainable P154947 3/10/2017 2022 / 2026 l IPF - - - 100.0 - - - financial intermediary. National Affordable Housing Program Project improves access to affordable EAP Indonesia P154948 3/17/2017 2022 / 2031 l IPF - - Yes 450.0 - - - housing for lower income households.

Infrastructure Finance Facility Project (Additional Financing) strengthens the EAP Indonesia financial capacity of PT Indonesia Infrastructure Finance to increase the access to P154779 3/24/2017 2027 / 2036 l IPF Yes - - 200.0 - - - private sector financing for infrastructure in Indonesia.

Social Assistance Reform Program-for-Results supports the conditional cash EAP Indonesia transfer program coverage expansion, strengthens its delivery system, and improves P160665 5/9/2017 2023 / 2030 l PforR - - - 200.0 - - - its coordination with other complementary social programs.

Third Economic Reform Development Policy Financing strengthens public financial management, through greater transparency in managing fisheries revenue, improved governance of the RERF, and better reporting and monitoring of public EAP Kiribati P155540 9/13/2016 - g DPF - - - - 2.0 1.5 - debt and contingent liabilities; and creates an environment for inclusive and private sector led growth, through reducing the costs, improving the quality, and expanding the coverage of essential public services.

Pacific Regional Connectivity Program (Fourth Phase): Kiribati Connectivity EAP Kiribati Project reduces the cost and increases the availability of Internet services in the P159632 5/31/2017 - g IPF - - - - 20.0 14.8 - country.

Second Lao Road Sector Project strengthens maintenance systems to improve EAP Lao PDR reliable road connectivity in the country, and provides for an immediate and effective P158504 12/13/2016 2022 / 2041 c IPF - - - - 25.0 18.0 - response in case of an eligible crisis or emergency.

First Programmatic Green Growth Development Policy Financing supports the EAP Lao PDR government in achieving fiscal stability and consolidating its pathways toward green P159956 5/31/2017 2022 / 2042 c DPF - - - - 38.6 28.5 - growth. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Pacific Resilience Project (Second Phase) strengthens early warning systems and EAP Marshall Islands climate-resilient investments in shoreline protection, and provides for an immediate P160096 5/9/2017 - g IPF - - Yes - 19.6 14.5 - and effective response to an eligible crisis or emergency.

Pacific Regional Connectivity Program (Second Phase, Additional Financing): Federated States of Micronesia Connectivity Project reduces the cost and EAP Micronesia, Fed. Sts. P161363 5/31/2017 - g IPF Yes - - - 16.2 12.0 - increases the availability of information and communication technology services in the country. Export Development Project supports small and medium-size firms in the non- EAP Mongolia mining sectors to strengthen their export capabilities and expands access to export P147438 7/7/2016 2021 / 2041 c IPF - - - - 20.0 14.3 - markets.

Employment Support Project provides jobseekers and micro-entrepreneurs in the EAP Mongolia P159215 4/27/2017 2022 / 2042 c IPF - - Yes - 25.0 18.4 - country with improved access to labor market opportunities.

Strengthening Fiscal and Financial Stability Project contributes to the EAP Mongolia government's efforts to strengthen fiscal and financial stability and improve the P161048 6/9/2017 2022 / 2042 c IPF - - Yes - 12.0 8.8 - quality of expenditure management. Second Energy Sector Project improves reliability and sustainability of electricity EAP Mongolia P152343 6/15/2017 2022 / 2042 c IPF - - - - 42.0 30.7 - services in the country. Flood and Landslide Emergency Recovery Project supports the recovery in priority areas affected by the 2015 floods and landslides in Myanmar and, in the EAP Myanmar P158194 7/14/2016 2022 / 2054 c IPF - - - - 200.0 142.6 - event of another eligible crisis or emergency, provides for an immediate and effective response. Financial Sector Development Project expands access to finance in Myanmar EAP Myanmar and, in the event of an eligible crisis or emergency, provides for an immediate and P154389 12/20/2016 2023 / 2054 c IPF - - - - 100.0 71.7 - effective response. First Macroeconomics Stability and Fiscal Resilience Development Policy EAP Myanmar Financing supports sustained macroeconomic stability with enhanced fiscal P152734 4/27/2017 2023 / 2054 c DPF - - Yes - 200.0 147.8 - resilience.

Myanmar Southeast Asia Disaster Risk Management Project improves drainage EAP Myanmar services and the structural performance of selected public facilities in Yangon, and P160931 6/15/2017 2023 / 2055 c IPF - - - - 116.0 85.5 - enhances the capacity of the government to facilitate disaster response.

Pacific Resilience Project (Second Phase) strengthens early warning systems and EAP Pacific Islands climate-resilient investments in shoreline protection in the Republic of the Marshall P163699 5/9/2017 - g IPF - - Yes - 4.0 3.0 - Islands. Water Supply and Sanitation Development Project supports the development and strengthening of the planning and implementation capacity of water sector EAP Papua New Guinea P155087 2/9/2017 2022 / 2041 c IPF - - Yes - 70.0 51.0 - institutions, and increases access to water supply services in selected urban towns and rural districts.

Emergency Tuberculosis Project improves the quality and expands the coverage EAP Papua New Guinea and utilization of health services to control the spread of tuberculosis in targeted P160947 5/31/2017 2022 / 2041 c IPF - - Yes - 15.0 11.1 - areas by strengthening programmatic management of tuberculosis.

Tourism Sector Development Project improves tourism services in targeted EAP Papua New Guinea P158807 6/9/2017 2022 / 2042 c IPF - - Yes - 20.0 14.8 - destinations. Rural Service Delivery Project improves communities' access to basic EAP Papua New Guinea infrastructure and services in targeted rural areas using inclusive, participatory P159517 6/9/2017 2022 / 2042 c IPF - - - - 23.0 17.0 - planning and implementation.

Metro Manila Bus Rapid Transit Line 1 Project improves the efficiency, EAP Philippines effectiveness, and safety of the public transport system along the project corridor in P132401 3/16/2017 2027 / 2042 l IPF - - - 40.7 - - - Metro Manila in an environmentally sustainable manner.

Inclusive Partnerships for Agricultural Competitiveness Project improves EAP Philippines access to markets and enhances the competitiveness of smallholder farmers in the P153042 6/9/2017 2027 / 2041 l IPF - - Yes 99.3 - - - targeted agrarian reform community clusters.

Second Fiscal and Economic Reform Development Policy Financing improves fiscal management in the areas of debt, procurement, and revenue; strengthens the payments system, tourism sector policy, and private sector development EAP Samoa opportunities as foundations for more robust economic growth over the medium P155118 9/13/2016 2026 / 2056 c DPF - - Yes - 5.0 3.6 - term; and strengthens the monitoring, reporting, and coordination of climate resilience activities in Samoa, as an important step toward increasing its resilience to the effects of climate change.

Rapid Employment Project (Additional Funding) assists targeted vulnerable urban populations to increase their incomes through the provision of short-term EAP Solomon Islands P160738 11/18/2016 - g IPF Yes - - - 1.9 1.4 - employment and to improve their knowledge, experience, and basic employment skills that are valued in the workplace and society.

Tina River Hydro Development Project increases the share of renewable energy EAP Solomon Islands P161319 6/20/2017 2027 / 2057 c, g IPF - - Yes - 33.6 24.5 - through hydropower in the country. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$) Road Climate Resilience Project (Additional Financing) delivers sustainable EAP Timor-Leste P252338 4/27/2017 2022 / 2042 c IPF Yes - - - 35.2 26.0 - climate-resilient road infrastructure on the Dili-Ainaro corridor. Second Inclusive Growth Development Policy Financing supports fiscal EAP Tonga resilience; improved government accountability and private sector regulation; and a P159262 4/27/2017 2027 / 2057 c, g DPF - - - - 5.0 3.7 - more dynamic and inclusive economy.

Third Development Policy Financing improves social service delivery through enhancing inclusiveness and equity of secondary education and reducing risk factors EAP Tuvalu for noncommunicable diseases; and improves macroeconomic sustainability through P155066 12/9/2016 - g DPF - - Yes - 3.3 2.5 - strengthening investment management of reserve assets, improving effectiveness of payroll controls, and enhancing banking sector oversight and sustainability.

Aviation Investment Project (Additional Financing) improves operational safety EAP Vanuatu P161454 1/10/2017 2027 / 2056 c, g IPF Yes - - - 14.1 10.3 - and oversight of international air transport and associated infrastructure in Vanuatu.

Rural Electrification Project (Second Stage) supports increased penetration of EAP Vanuatu renewable energy and increased access to electricity services in the dispersed off- P160658 5/31/2017 2027 / 2057 c, g IPF - - - - 4.0 3.0 - grid areas of the country. Improved Land Governance and Database Project improves the efficiency and transparency of land EAP Vietnam P154387 7/5/2016 2021 / 2041 c IPF - - Yes - 150.0 107.0 - administration services in targeted provinces through the development and implementation of the national Multipurpose Land Information System. Energy Efficiency for Industrial Enterprises Project improves energy efficiency in EAP Vietnam P151086 4/14/2017 2022 / 2042 c, l IPF - - Yes 100.0 1.7 1.3 - the country's industrial sector. Coastal Cities Sustainable Environment Project increases access to sanitation EAP Vietnam services and improves the operational performance of sanitation utilities in the P156143 5/5/2017 2022 / 2046 c, l IPF - - Yes 46.0 190.2 140.5 - project cities.

Northern Delta Transport Development Project (Additional Financing) enhances the efficiency, environmental sustainability, and safety of transport EAP Vietnam P158976 5/5/2017 2022 / 2042 c IPF Yes - - - 78.7 58.2 - infrastructure and services, through the alleviation of physical and institutional bottlenecks, in two major waterway corridors in the Northern Delta Region.

Support for Autonomous Higher Education Project improves research, teaching, EAP Vietnam and institutional capacity at selected autonomous universities and strengthens the P156849 5/15/2017 2022 / 2042 c IPF - - Yes - 155.0 114.3 - national higher education management system.

Danang Sustainable City Development Project (Additional Financing) expands access of city residents to improved drainage; wastewater collection and treatment EAP Vietnam P159049 5/26/2017 2026 / 2047 c IPF Yes - Yes - 72.5 52.5 - services; arterial road networks; and public transport in selected areas of Da Nang City.

Scaling-Up Urban Upgrading Project improves access to infrastructure in priority EAP Vietnam P159397 5/30/2017 2022 / 2047 c IPF - - - - 240.0 175.7 - city areas and improves urban planning in the participating cities.

Emergency Natural Disaster Reconstruction Project reconstructs and rehabilitates infrastructure assets in disaster-affected project provinces and EAP Vietnam P163146 5/30/2017 2022 / 2042 c IPF - - Yes - 118.0 86.1 - strengthens the capacity of the government to effectively respond to future disaster events. Medium Cities Development Project (Additional Financing) increases access to EAP Vietnam improved urban infrastructure services in selected medium-sized cities in the P159426 6/9/2017 2022 / 2044 c IPF Yes - - - 53.0 38.5 - country. Central Highlands Connectivity Improvement Project improves safe and climate- EAP Vietnam resilient road connectivity along the National Highway 19 Central Highlands-Central P159238 6/22/2017 2022 / 2042 c IPF - - - - 150.0 109.4 - Coast corridor.

Forest Sector Modernization and Coastal Resilience Enhancement Project EAP Vietnam P157127 6/22/2017 2022 / 2042 c IPF - - Yes - 150.0 109.5 - improves coastal forest management in the project provinces.

National Targeted Programs for New Rural Development and Sustainable Poverty Reduction Support Program-for-Results improves the delivery of, and EAP Vietnam P159737 6/28/2017 2022 / 2042 c PforR - - Yes - 153.0 111.5 - access to, investments for increasing agricultural production and enhancing livelihood opportunities within the program area.

Integrated Urban and Tourism Development Project improves urban infrastructure, enhances tourism assets, and strengthens institutional capacity to ECA Albania P155875 11/15/2016 2025 / 2041 l IPF - - Yes 71.0 - - - support tourism-related local economic development in selected areas in the south of Albania. Competitiveness Development Policy Financing supports reforms aimed at ECA Albania enhancing the country's competitiveness by improving the investment regime, P155605 1/31/2017 2022 / 2037 l DPF - - - 70.0 - - - making it easier to do business, and facilitating trade.

Financial Sector Development Policy Financing strengthens the resiliency of the ECA Albania P152064 3/13/2017 2025 / 2048 l DPF - - Yes 100.0 - - - banking sector and the regulation and supervision of nonbank financial institutions. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$) Fourth Development Policy Financing supports the government in its efforts to ECA Armenia promote fiscal social and environmental sustainability and to strengthen P160100 12/8/2016 2031 / 2041 l DPF - - Yes 50.0 - - - competitiveness.

Health System Modernization Project contributes to improving selected aspects of ECA Belarus P156778 11/18/2016 2022 / 2031 l IPF - - - 125.0 - - - the quality of health care delivery in the Republic of Belarus.

Federation Road Sector Modernization Project upgrades transport infrastructure ECA Bosnia and Herzegovina along priority transport links and strengthens capacity for sustainable transport asset P152406 8/2/2016 2028 / 2038 l IPF - - - 64.6 - - - management. Employment Support Project increases formal private sector employment among ECA Bosnia and Herzegovina P152347 1/5/2017 2024 / 2048 l IPF - - - 55.8 - - - targeted groups of registered job seekers.

Public Finances Development Policy Financing supports policy and institutional efforts of authorities to strengthen the medium-term management of public assets ECA Bosnia and Herzegovina and liabilities for improved transparency of public finances; and to enhance P149768 3/23/2017 2024 / 2049 l DPF - - Yes 80.0 - - - regulatory frameworks to lower medium-term fiscal pressures related to public employment, insolvency, and pharmaceuticals.

Banking Sector Strengthening Project improves the soundness of the banking ECA Bosnia and Herzegovina sector by enhancing bank regulation, supervision, and resolution capacity, and by P158387 4/28/2017 2024 / 2049 l IPF - - - 60.0 - - - enhancing the governance of the country's development banks.

Modernization and Restructuring of the Road Sector strengthens the institutional ECA Croatia effectiveness, enhances the operational efficieincy, and increases the debt service P155842 4/28/2017 2021 / 2026 l IPF - - Yes 23.3 - - - capacity of the country's road sector. Modernization and Restructuring of the Road Sector strengthens the institutional ECA Croatia effectiveness, enhances the operational efficieincy, and increases the debt service P163833 4/28/2017 - gu IPF - - - 370.7 - - - capacity of the country's road sector. Europe and Trans-Anatolian Natural Gas Pipeline Project diversifies Azerbaijan's gas export ECA Central Asia markets and improves the security of Turkey's and southeast Europe's energy P157416 12/20/2016 2022 / 2046 l IPF - - Yes 800.0 - - - (Regional) n supply.

Second Programmatic Inclusive Growth Development Policy Financing strengthens fiscal oversight of public institutions; improves budgeting and the ECA Georgia P156444 4/28/2017 2031 / 2042 l DPF - - - 50.0 - - - framework for civil service reforms; improves coverage and quality of social services; and strengthens monitoring of outcomes.

Education Modernization Project improves quality and equity in primary and ECA Kazakhstan P153496 3/1/2017 2023 / 2034 l IPF - - - 67.0 - - - secondary education, particularly in rural and disadvantaged schools.

Water Security and Canal Protection Project contributes to restoring the Ibër ECA Kosovo Canal to its original capacity to improve water resource management for various P133829 9/30/2016 2021 / 2041 c IPF - - Yes - 24.5 17.6 - canal water users in central Kosovo.

Agriculture and Rual Development Project (Third Additional Financing) improves productivity of and access to markets by project beneficiaries in the ECA Kosovo P158710 4/28/2017 2022 / 2042 c IPF Yes - Yes - 22.0 16.6 - horticulture and livestock subsectors and strengthens the insitutional capacity of the Ministry of Agriculture, Forestry, and Rural Development.

Competitiveness and Export Readiness Project supports product certification for ECA Kosovo export markets, strengthens the capacity of export-oriented firms, and reduces the P152881 5/18/2017 2022 / 2042 c IPF - - Yes - 15.3 11.6 - cost of business inspections.

Programmatic Governance and Competitiveness Development Policy Financing supports the government in improving public sector governance through reforms aimed at improving public sector integrity, increasing the quality of public ECA Kyrgyz Republic P148099 7/7/2016 2022 / 2054 c, g DPF - - - - 24.0 17.1 - services, and enhancing energy sector governance; and in strengthening private sector competitiveness through measures to facilitate trade, improve the business environment, and promote greater connectivity.

Sustainable Rural Water Supply and Sanitation Development Project improves access to and quality of water supply and sanitation services in the participating rural ECA Kyrgyz Republic P154778 9/30/2016 2023 / 2054 c, g IPF - - Yes - 23.5 16.9 - communities, and strengthens capacity of institutions in the water supply and sanitation sector. Integrated Dairy Productivity Improvement Project enhances dairy animal ECA Kyrgyz Republic P155412 11/29/2016 2023 / 2054 c, g IPF - - Yes - 5.0 3.7 - productivity and milk quality on beneficiary farms.

Sustainable Rural Water Supply and Sanitation Development Project (Additional Financing) improves access to and quality of water supply and ECA Kyrgyz Republic P162840 6/22/2017 2023 / 2055 c, g IPF Yes - Yes - 36.0 26.4 - sanitation services in the participating rural communities, and strengthens capacity of institutions in the water supply and sanitation sector. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Agriculture Competitiveness Project (Additional Financing) enhances the competitiveness of the agro-food sector by supporting the modernization of the food ECA Moldova P157765 7/7/2016 2021 / 2041 c IPF Yes - - - 10.0 7.1 - safety management system, facilitating market access for farmers, and mainstreaming agro-environmental and sustainable land management practices.

Second Development Policy Financing improves the business climate, promotes ECA Moldova financial sector stability and development, and improves the equity and efficiency of P149555 12/16/2016 2022 / 2046 c, l DPF - - - 27.2 17.8 13.0 - public expenditure. Climate Adaptation Project enhances the adoption of climate-smart practices in ECA Moldova agriculture, forestry, and pasture management in targeted landscapes, and P155968 6/9/2017 2022 / 2051 c, l IPF - - Yes 12.4 12.8 9.3 - strengthens national disaster management systems. Institutional Development and Agriculture Strengthening Project (Additional Financing) improves delivery of government assistance for sustainable agriculture ECA Montenegro P159115 9/9/2016 2021 / 2031 l IPF Yes - - 3.3 - - - and rural development in a manner consistent with the EU's pre-accession requirements. Second Fiscal Effectiveness and Growth Development Policy Financing supports government reforms to strengthen fiscal management and the performance ECA Romania P149776 12/15/2016 2036 / 2036 l DPF - - Yes 558.3 - - - of state‐owned enterprises and to improve the functioning of energy, property, and capital markets Justice Services Improvement Project improves the efficiency and accessibility of ECA Romania P160751 1/31/2017 2023 / 2027 l IPF - - Yes 67.0 - - - targeted justice institutions.

Corridor X Highway Project (Additional Financing) increases transport efficiency and improves traffic safety on three project sections of Corridor X: between Nis and ECA Serbia P158413 10/25/2016 2021 / 2031 l IPF Yes - - 38.9 - - - Dimitrovgrad and Grabovnica and Donji Neradovac respectively, and improves road management and road safety in Serbia.

Second Programmatic State Owned Enterprises (SOEs) Reform Development Policy Financing reduces state participation and level of direct and indirect support ECA Serbia to the real sector, enhance SOEs performance, governance and accountability, and P149750 10/25/2016 2031 / 2031 l DPF - - Yes 100.0 - - - mitigate the short term social and labor impacts of the SOEs restructuring and disposition plans.

Public Expenditure and Public Utilities Development Policy Financing supports ECA Serbia the government's multi-year fiscal consolidation agenda and transformation of P155694 1/18/2017 2036 / 2036 l DPF - - - 200.0 - - - energy and transport sector public enterprises and state-owned companies.

Inclusive Early Childhood Education and Care Project improves access to ECA Serbia quality early childhood education and care services, in particular for children from P157117 2/21/2017 2022 / 2037 l IPF - - Yes 50.0 - - - socially disadvantaged backgrounds.

Disaster Risk Management Development Policy Financing with a Catastrophe- ECA Serbia Deferred Drawdown Option strengthens the country's institutional and legal P157489 5/3/2017 2027 / 2036 l DPF - - Yes 70.0 - - - frameworks to effectively manage the physical and fiscal impact of natural hazards.

Nurek Hydropower Rehabilitation Project (First Phase) rehabilitates and restores ECA Tajikistan the generating capacity of three power generating units of Nurek hydropower plant; P150816 5/3/2017 2023 / 2055 c, g IPF - - Yes - 225.7 165.4 - improves their efficiency; and strengthens the safety of the Nurek dam.

Long Term Export Finance Project improves access to longer term finance for ECA Turkey P156252 7/18/2016 2024 / 2038 l IPF - - - 300.0 - - - export-oriented small, medium, and large enterprises. Geothermal Development Project scales up private sector investment in ECA Turkey P151739 11/1/2016 2024 / 2044 l IPF - - - 250.0 - - - geothermal energy development in Turkey.

Sustainable Cities Projects improves the planning capacity of and access to ECA Turkey P128605 12/20/2016 2022 / 2046 l IPF - - - 132.8 - - - targeted municipal services in participating municipalities and utilities.

Ukraine Gas Supply Security Facility Project enhance Naftogaz’s ability to increase Ukraine’s security of gas supply by facilitating access to cost-effective ECA Ukraine P155111 10/18/2016 - gu IPF - - - 500.0 - - - financing and improving the terms of the gas supply contracts supported under the project. Access to Long Term Finance Project improves access to longer-term finance for ECA Ukraine P156766 5/2/2017 2022 / 2052 l IPF - - - 150.0 - - - export oriented small and medium enterprises.

Modernization and Upgrade of Transmission Substations Project improves the ECA Uzbekistan P156584 11/23/2016 2022 / 2047 c, l IPF - - - 92.0 58.0 43.0 - technical efficiency and reliability of the power transmission networks in Uzbekistan.

Livestock Sector Development Project improves livestock production and supply ECA Uzbekistan chain management in target oblasts by improving access to finance, nutrition, and P153613 6/23/2017 2022 / 2044 c, l IPF - - - 30.0 120.0 87.1 - support services. Fergana Valley Water Resources Management Project (Second Phase) ECA Uzbekistan improves the quality of irrigation and drainage service delivery to agricultural users P149610 6/30/2017 2022 / 2042 c IPF - - Yes - 144.9 104.2 - within the project area. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Unleashing Productive Innovation Project (Additional Financing) expands the country's capacity to generate productive innovation in knowledge-based areas by facilitating the creation of new knowledge-based companies; developing specialized human capital; supporting productive research innovation activities and their LCR Argentina P159747 7/8/2016 2023 / 2048 l IPF Yes - - 45.0 - - - technology commercialization in the areas of biotechnology, nanotechnology and information and communication technology; upgrading the research infrastructure in the areas of science, technology and productive innovation; and strengthening the policy framework governing science, technology, and productive innovation.

Access to Longer-Term Finance for Micro, Small, and Medium Enterprises LCR Argentina Project improves access to, and strengthens the framework for the provision of, P159515 11/18/2016 2024 / 2049 l IPF - - - 50.0 - - - longer-term finance for eligible micro, small, and medium enterprises.

Metropolitan Areas Urban Transport Project (Additional Financing) improves the quality and sustainability of urban transport systems in metropolitan areas, LCR Argentina P161393 1/27/2017 2024 / 2049 l IPF Yes - - 45.0 - - - through the improvement of sectoral decision making frameworks and by giving priority to public transport modes in the urban transport sector.

Modernization and Innovation for Better Public Services in Argentina Project LCR Argentina improves the quality and accessibility of selected government administrative services P157136 2/21/2017 2024 / 2049 l IPF - - Yes 80.0 - - - and enhances transparency in the public administration.

Metropolitan Buenos Aires Urban Transformation Project improves housing conditions and access to selected basic services and infrastructure in selected LCR Argentina disadvantaged neighborhoods in the Buenos Aires Metropolitan Area, and P159843 2/27/2017 2022 / 2049 l, g IPF - - - 200.0 - - - strengthens the institutional capacity for urban management at the metropolitan level. Integrated Habitat and Housing Project increases access to formal housing for LCR Argentina eligible households; and improves living conditions for households in selected P159929 2/27/2017 2024 / 2049 l IPF - - Yes 200.0 - - - precarious urban settlements. The Fund for the Development of Renewable Energy increases electricity LCR Argentina generation capacity from renewable energy sources through private investment in P159901 2/28/2017 - gu IPF - - Yes 480.0 - - - the energy sector. Plan Belgrano Water Supply and Sanitation Project (Additional Financing) increases access to water supply and sanitation services and improves the LCR Argentina P162712 3/24/2017 2024 / 2049 l IPF Yes - Yes 125.0 - - - operational and financial performance of the water supply and sanitation service providers in the project area.

Salado Integrated River Basin Support Project enhances flood protection and LCR Argentina strengthens the capacity of the responsible institutions for integrated water resources P161798 4/6/2017 2023 / 2050 l IPF - - - 300.0 - - - monitoring and management of the Salado River Basin.

Santa Cruz Road Corridor Connector Project improves transport accessibility LCR Bolivia P152281 1/11/2017 2022 / 2040 l, c IPF - - Yes 200.0 30.0 22.4 - along the road corridor between San Ignacio de Velasco and San Jose de Chiquitos.

Second Rural Alliances Project (Additional Financing) improves accessibility to LCR Bolivia P158532 4/13/2017 2021 / 2038 l IPF Yes - - 100.0 - - - markets for small rural producers in the selected areas. Fortaleza Sustainable Urban Development Project strengthens the capacity of the Municipality of Fortaleza for land use planning and land-based financing; and LCR Brazil P153012 4/28/2017 2025 / 2048 l IPF - - Yes 73.3 - - - enhances urban environments and rehabilitates public spaces through interventions in selected areas. Health Sector Support Project improves the efficiency of the public health care LCR Chile sector, and improves the quality of noncommunicable-disease-related health care P161018 6/8/2017 2027 / 2027 l IPF - - - 80.0 - - - services.

Plan Pazcifico: Water Supply and Basic Sanitation Infrastructure and Service Delivery Project improves the coverage and service quality of water supply and LCR Colombia P156239 10/18/2016 2023 / 2026 l IPF - - Yes 126.7 - - - basic sanitation in urban areas in the Municipality of Tumaco and the Municipality of Guapi and the operational efficiency of the service providers in said municipalities.

First Programmatic Territorial Development Development Policy Financing supports the government to strengthen institutions for land management and LCR Colombia P158520 12/8/2016 2036 / 2036 l DPF - - - 800.0 - - - territorial planning and to improve subnational financial management and investment prioritization.

Access and Quality in Higher Education Project improves the quality of tertiary LCR Colombia education in participating institutions and increases the enrollment of students from P160446 1/30/2017 2023 / 2044 l IPF - - - 160.0 - - - disadvantaged socioeconomic backgrounds in quality programs. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$) Fiscal Sustainability and Competitiveness Development Policy Financing supports fiscal consolidation measures and improved contingent liabilities LCR Colombia management; and fosters productivity in nonextractive sectors by strengthening the P158739 3/16/2017 2036 / 2036 l DPF - - Yes 600.0 - - - policy framework for trade facilitation, investment, competition, business regulation, and innovation.

Transformation of the Tertiary Technical and Technological Institutes Project increases enrollment and persistence in public technical and technological programs LCR Ecuador P157425 11/23/2016 2034 / 2051 l IPF - - - 90.5 - - - designed and implemented in collaboration with employers, and strengthens the institutional management of tertiary technical and technological education.

Third Programmatic Resilience-Building Development Policy Financing supports the government in implementing a program of policy and institutional LCR Grenada reforms to improve the investment climate and competitiveness; to improve public P156761 12/16/2016 2027 / 2056 c DPF - - Yes - 9.3 6.8 - resource management; and to enhance resilience against natural disasters.

First Programmatic Improved Governance of Public Resources and Nutrition Development Policy Financing supports the government’s efforts to enhance the LCR Guatemala policy and institutional framework to address primary health care deficiencies and P160667 11/17/2016 2024 / 2036 l DPF - - Yes 250.0 - - - chronic malnutrition, and to strengthen the regulatory and institutional framework to improve governance of public resources and accountability.

Urban Infrastructure and Violence Prevention Project increases access to basic LCR Guatemala urban infrastructure and services and mitigates key risk factors of crime and violence P143495 1/17/2017 2023 / 2049 l IPF - - Yes 45.0 - - - in selected communities. Transparency and Efficiency in Tax Administration Project increases levels of LCR Guatemala P153366 1/17/2017 2023 / 2049 l IPF - - - 55.0 - - - compliance with tax and customs obligations.

Crecer Sano - Nutrition and Health Project improves selected practices, services, LCR Guatemala and behaviors known to be key determinants of chronic malnutrition (with an P159213 3/24/2017 2023 / 2050 l IPF - - - 100.0 - - - emphasis on the first 1,000 days of life) in the intervention areas.

Guyana Payments System Project improves the country's national payments LCR Guyana P159512 3/31/2017 2022 / 2041 c IPF - - - - 6.0 4.5 - system by enhancing safety and efficiency of payments. Education Sector Improvement Project improves teaching practices and student achievement in mathematics at the primary level in selected schools; and LCR Guyana P159519 4/28/2017 2022 / 2041 c IPF - - - - 13.3 9.9 - strengthens the teaching capacity and improves the learning environment of the University of Guyana Faculty of Health Sciences.

Infrastructure and Institutions Emergency Recovery Project (Second Additional Financing) supports the country in its early sustainable recovery efforts LCR Haiti P156049 11/10/2016 - g IPF Yes - - - 2.8 2.0 - from the effects of the emergency, through selected interventions aiming at contributing to rebuilding key institutions and infrastructure.

Providing an Education of Quality in Haiti Project strengthens public management of the education sector; improves learning conditions in selected public LCR Haiti P155191 11/10/2016 - g IPF - - - - 30.0 21.2 - and non-public primary schools; and supports enrollment of students in selected public and non-public primary schools.

Statistical Capacity Building Project assists in the production, analyses, and LCR Haiti dissemination of the findings of the Fifth Population and Housing Census, and P157531 3/24/2017 - g IPF - - - - 5.0 3.8 - strengthens the human and technological capacities of Haiti's Statistical Institute.

Disaster Risk Management and Reconstruction Project (Additional Financing) LCR Haiti supports the government in improving disaster response capacity and enhancing the P163199 6/8/2017 - g IPF Yes - - - 20.0 14.6 - resiliency of critical transport infrastructure.

Improving Maternal and Child Health through Integrated Social Services Project (Additional Financing) increases the access and use of maternal and child LCR Haiti P163313 6/14/2017 - g IPF Yes - Yes - 25.0 18.3 - health services, strengthes cholera control, and improves targeting of social services in the country, with a particular focus on areas affected by Hurricane Matthew.

Relaunching Agriculture: Second Strengthening Agriculture Public Services Project (Additional Financing) reinforces the capacity of the Ministry of Agriculture, Natural Resources, and Rural Development to provide or facilitate access to LCR Haiti services in the agricultural sector; increases market access to small producers and P163081 6/14/2017 - g IPF Yes - - - 35.0 25.6 - food security in selected areas; improves livelihoods in areas affected by Hurricane Matthew; and enables the government to respond promptly and effectively to an eligible emergency. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Sustainable Rural and Small Towns Water and Sanitation Project (Additional Financing) increases access to improved water supply and sanitation in targeted rural areas and small towns in zones affected by cholera; strengthens the LCR Haiti P163194 6/14/2017 - g IPF Yes - Yes - 20.0 14.6 - government's water and sanitation service delivery mechanism at the deconcentrated level; and improves the government's capacity to respond promptly and effectively to an eligible emergency.

Municipal Development and Urban Resilience Project reduces urban flooding and enhances resilience in the city of Cap-Haïtien; and improves the capacity of six LCR Haiti P155201 6/20/2017 - g IPF - - Yes - 48.4 35.4 - municipalities in the Cap-Haïtien metropolitan area to plan, finance, and deliver basic municipal services and management.

Rural Competitiveness Project (Additional Financing) contributes to increased productivity and competitiveness of organized rural small-scale producers through LCR Honduras P158086 5/18/2017 2022 / 2042 c IPF Yes - - - 25.0 18.2 - their participation in productive alliances; and enables the government to respond promptly and effectively to an eligible emergency.

Second Competitiveness and Fiscal Management Programmatic Development Policy Financing supports the government in improving investment climate and LCR Jamaica P163586 6/8/2017 2022 / 2042 l DPF - - Yes 70.0 - - - competitiveness and sustaining fiscal consolidation and enhancing public financial management.

Latin America OECS Regional Tourism Competitiveness Projects facilitates the movement of LCR and the Caribbean tourists within the participating countries using ferries, improves selected tourism P152117 4/6/2017 2027 / 2057 c, l IPF - - 6.0 20.0 14.8 - (Regional) o sites, and strengthens implementation capacity for regional tourism.

enhance access to Latin America OECS Regional Agricultural Competitiveness Project markets and sales for competitively selected farmers and fishers, as well as their LCR and the Caribbean P158958 5/25/2017 2027 / 2057 c, l IPF - - Yes 1.8 6.5 4.8 - allied aggregators and agro-processors, in Grenada and St. Vincent and the (Regional) p Grenadines. Higher Education Project strengthens the institutional capacity for innovative LCR Mexico teaching, collaborative applied research, and internal quality assurance across P160309 3/17/2017 2030 / 2030 l IPF - - - 130.0 - - - participating public higher education institutions. Grain Storage and Information for Agricultural Competitiveness Project LCR Mexico improves access to grain storage and information for agricultural producers in P160570 3/24/2017 2030 / 2030 l IPF - - Yes 120.0 - - - Mexico. Improving Access to Affordable Housing Project increases access to affordable LCR Mexico P157932 6/14/2017 2032 / 2032 l IPF - - - 100.0 - - - housing for low-income beneficiaries.

Caribbean Regional Communications Infrastructure Program increase access LCR Nicaragua to regional broadband networks and advances the development of an IT/IT-Enabled P155235 8/2/2016 2021 / 2041 c IPF - - Yes - 20.1 14.4 - Services industry in Nicaragua and in the Caribbean region.

Second Support to the Education Sector Project (Additional Financing) improves the students' retention rate in primary education schools located in LCR Nicaragua P160057 9/22/2016 2022 / 2041 c IPF Yes - - - 5.0 3.6 - participating municipalities and strengthens the Ministry of Education's education management capacity.

Rural and Urban Access Improvement Project improves safe and sustainable LCR Nicaragua access to markets and services in targeted rural and urban areas, and provide P160359 3/6/2017 2022 / 2046 c IPF - - - - 96.8 71.8 - immediate and effective response in the event of an eligible Emergency.

Alliance for Education Quality Project improves teacher practices for participating LCR Nicaragua teachers in preschool, primary, and secondary education nationwide; and improves P161029 4/13/2017 2022 / 2041 c IPF - - - - 55.0 40.5 - physical learning conditions in targeted schools.

Second Land Administration Project (Additional Financing) strengthens the property rights of the population in the project area through improved regularization, LCR Nicaragua P163246 6/14/2017 2022 / 2042 c IPF Yes - - - 18.0 13.1 - titling, and registry services; and improves the country's capacity to respond promptly and effectively to an eligible emergency.

Second Programmatic Shared Prosperity Development Policy Financing supports the government's efforts to strengthen the frameworks for international tax transparency, financial integrity, and fiscal management; to strengthen institutional LCR Panama P154819 9/8/2016 2018 / 2036 l DPF - - Yes 300.0 - - - arrangements to support social assistance and education; and to enhance the regulatory and financial sustainability framework of service delivery in the energy and water sectors.

Burunga Wastewater Management Project improves access to sewerage services LCR Panama in selected areas of the province of Panama Oeste, and strengthens wastewater P154275 3/17/2017 2022 / 2036 l IPF - - - 65.0 - - - pollution management capacity in key sector institutions. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$) Transport Connectivity Project reduces transport connectivity costs and improves road safety along selected paved road sections that pass through targeted LCR Paraguay P147278 7/25/2016 2024 / 2051 l IPF - - - 100.0 - - - departments, and improves the country’s planning and national road asset management capacity.

Enhancement of Environmental Quality Services Project generates and shares information for environmental quality control at the national level, by supporting the LCR Peru government to improve its environmental monitoring and analytical capacity, P147342 1/11/2017 2022 / 2022 l IPF - - Yes 40.0 - - - increase public access to environmental quality information, and promote informed public participation in environmental quality management.

Strengthening the Science, Technology, and Innovation System Project LCR Peru strengthens the science, technology, and innovation system to improve research P156250 1/11/2017 2022 / 2022 l IPF - - - 45.0 - - - skills and firm-level innovation. National Program for Innovation in Fisheries and Aquaculture Project LCR Peru strengthen the government’s capacity in the delivery of innovations in the fisheries P155902 1/27/2017 2022 / 2026 l IPF - - Yes 40.0 - - - and aquaculture value chains. Integrated Water Resources Management in Ten Basins Project strengthens the capacity of targeted water resources management related institutions to plan, LCR Peru P151851 4/28/2017 2022 / 2024 l IPF - - - 40.0 - - - monitor, and manage water resources at the national level and in selected river basins in Peru.

Saint Lucia Disaster Vulnerability Reduction Project (Additional Financing) LCR St. Lucia P155324 11/23/2016 2027 / 2056 c IPF Yes - - - 1.6 1.2 - reduces vulnerability to natural hazards and climate change impacts in Saint Lucia.

Human Development Service Delivery Project strengthens the quality of service LCR St. Vincent and the Grenadines delivery in education, improves efficiency of social protection systems, and improves P154253 5/25/2017 2027 / 2057 c IPF - - - - 10.7 7.8 - effectiveness of labor market systems in the country.

Improving the Quality of Initial and Primary Education in Uruguay Project improves the teaching practices and the learning environment in early and primary LCR Uruguay P159771 12/16/2016 2022 / 2026 l IPF - - - 40.0 - - - education, as well as the internal efficiency in primary education, all in full-time schools, and strengthens the evaluation capacity of the education system.

Road Rehabilitation and Maintenance Program-for-Results (Additional LCR Uruguay Financing) improves the condition of the national road network and enhances road P162110 3/24/2017 2022 / 2034 l PforR Yes - Yes 70.0 - - - sector management. Governance for Private Sector Development and Finance Project (Additional MNA Djibouti Financing) improves the efficiency of business regulation and establishes an P158952 12/14/2016 2022 / 2041 c IPF Yes - - - 5.1 3.8 - automated national payment system. Sustainable Electrification Program increases access to electricity in the targeted MNA Djibouti P158505 6/2/2017 2022 / 2042 c IPF - - Yes - 23.3 17.2 - project area. Upper Egypt Local Development Program-for-Results improves the business environment for private sector development and strengthens local government MNA Egypt, Arab Rep. P157395 9/29/2016 2021 / 2051 l PforR - - Yes 500.0 - - - capacity for quality infrastructure and service delivery in select governorates in Upper Egypt.

Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing advances fiscal consolidation through higher revenue collection, greater moderation of the wage bill growth, and MNA Egypt, Arab Rep. P161228 12/20/2016 2022 / 2051 l DPF - - Yes 1,000.0 - - - stronger debt management; ensures sustainable energy supply through private sector engagement; and enhances the business environment through investment laws, industrial license requirements, as well as enhancing competition.

Modernization of Public Financial Management Systems Project improves financial information management and transparency, cash management, public MNA Iraq P151357 12/20/2016 2022 / 2026 l IPF - - Yes 41.5 - - - investment management, and public procurement modernization at selected federal and governorate agencies.

Second Expenditure Rationalization, Energy Efficiency, and State-Owned Enterprise Governance Programmatic Development Policy Financing aims to MNA Iraq achieve economic stabilization and lay the ground for structural reforms around P161167 12/20/2016 2022 / 2034 l DPF - - - 1,443.8 - - - improving expenditure rationalization, energy efficiency, and the transparency and governance of state-owned enterprises.

Economic Opportunities for Jordanians and Syrian Refugees Program-for- MNA Jordan Results improves economic opportunities for Jordanians and Syrian Refugees in P159522 9/27/2016 2021 / 2054 c, l PforR - - Yes 149.0 100.0 71.5 - Jordan. Second Programmatic Energy and Water Sector Reforms Development Policy MNA Jordan Financing improves the financial viability of and increases efficiency gains in the P160236 12/1/2016 2021 / 2051 l DPF - - Yes 225.0 - - - energy and water sectors in Jordan. Emergency Health Project supports the government in maintaining the delivery of MNA Jordan primary and secondary health services to poor uninsured Jordanians and Syrian P163387 6/13/2017 2022 / 2052 l IPF - - Yes 36.1 - - - refugees at Ministry of Health facilities. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$) Innovative Startups Fund Project increases private early stage equity finance for MNA Jordan P161905 6/23/2017 2022 / 2052 l IPF - - - 50.0 - - - innovative small and medium enterprises. Lake Qaraoun Pollution Prevention Project reduces the quantity of untreated MNA Lebanon municipal sewage discharged into the Litani River and improves pollution P147854 7/14/2016 2022 / 2029 l IPF - - - 55.0 - - - management around Qaraoun Lake. Support to Reaching All Children with Education Program-for-Results promotes equitable access to education services, enhances quality of student MNA Lebanon P159470 9/27/2016 2023 / 2054 c, l PforR - - - - 100.0 71.8 - learning, and strengthens the education systems in the education sector in response to the protracted refugee crisis. Roads and Employment Project improves transport connectivity along select MNA Lebanon paved road P160223 2/6/2017 2024 / 2049 l IPF - - Yes 154.6 - - - sections, and creates short term jobs for Lebanese and Syrians. Health Resilience Project increases access to quality healthcare services for poor MNA Lebanon P163476 6/26/2017 2023 / 2040 l IPF - - Yes 95.8 - - - Lebanese and displaced Syrians in the country. Financing Innovative Startups and Small and Medium Enterprises Project MNA Morocco facilitates the increase of private equity and quasi-equity finance for innovative P150928 3/10/2017 2022 / 2041 l IPF - - - 50.0 - - - startups and small and medium enterprises. Identity and Targeting for Social Protection Project expands coverage of a MNA Morocco unique identifying number for the Moroccan population and foreign residents, and P155198 3/10/2017 2022 / 2041 l IPF - - Yes 100.0 - - - improves targeting of social safety nets.

Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Financing improves access to finance for small and young enterprises; strengthens capital markets by improving the institutional MNA Morocco P153603 5/16/2017 2022 / 2042 l DPF - - - 350.0 - - - framework and broadening the range of instruments; improves the financial sustainability of the Caisse Marocaine des Retraites ; and strengthens oversight of the banking sector.

Northern Tunis Wastewater Project (Additional Financing) provides an MNA Tunisia environmentally safe disposal system for the treated wastewater in the North of P154713 8/31/2016 2021 / 2041 l IPF Yes - - 18.0 - - - Tunis and increases availability for its reuse in the project area.

Integrated Landscapes Management in Lagging Regions Project improves MNA Tunisia landscape management and access to economic opportunities for targeted rural P151030 3/15/2017 2023 / 2049 l IPF - - Yes 100.0 - - - communities in the northwest and center-west regions of Tunisia.

Business Environment and Entrepreneurship Development Policy Financing MNA Tunisia helps Tunisia to improve the business environment and to support entrepreneurship P158111 6/13/2017 2023 / 2045 l DPF - - Yes 500.0 - - - and deepen access to finance.

Integrated Cities and Urban Development Project enhances the capacity of MNA West Bank and Gaza P150991 9/21/2016 - g IPF - Yes Yes - - - 5.0 participating urban areas to plan for sustainable urban growth.

Education to Work Transition Project (Additional Financing) improves the MNA West Bank and Gaza education to work transition of young Palestinians attnding participating tertiary P158951 12/2/2016 - g IPF Yes Yes - - - - 5.0 education institutions. Emergency Crisis Response Project provides short-term employment and access MNA Yemen, Rep. to selected basic services to the most vulnerable, and preserves implementation P159053 7/19/2016 - g IPF - - Yes - 50.0 35.7 - capacity of two service delivery programs.

Emergency Crisis Response Project (Additional Financing) provides short-term MNA Yemen, Rep. employment and access to selected basic services to the most vulnerable; and P161806 1/17/2017 - g IPF Yes - Yes - 250.0 184.7 - preserves existing implementation capacity of two service delivery programs.

Emergency Health and Nutrition Project contributes to the provision of basic MNA Yemen, Rep. health and essential nutrition services for the benefit of the population of the P161809 1/17/2017 - g IPF - - Yes - 200.0 147.8 - Republic of Yemen. Emergency Crisis Response Project (Second Additional Financing) provides short-term employment and access to selected basic services to the most MNA Yemen, Rep. vulnerable; preserves existing implementation capacity of two service delivery P163729 5/19/2017 - g IPF Yes - Yes - 200.0 145.9 - programs; and provides emergency cash transfers to the poor and vulnerable in response to the food crisis. Emergency Health and Nutrition Project (Additional Financing) contributes to MNA Yemen, Rep. the provision of basic health and essential nutrition services for the benefit of the P163741 5/19/2017 - g IPF Yes - Yes - 83.0 60.7 - population of the Republic of Yemen. Citizens' Charter Afghanistan Project improves the delivery of core infrastructure, SAR Afghanistan emergency support, and social services to participating communities through P160567 10/27/2016 - g IPF - - Yes - 100.0 71.8 - strengthened Community Development Councils.

Financial Sector Rapid Response Project (Additional Financing) assists Afghanistan's Central Bank to develop action plans for improved banking supervision SAR Afghanistan P160073 10/27/2016 - g IPF Yes - - - 20.0 14.4 - and to establish key building blocks of financial sector infrastructure: a payment system, a movable collateral registry, and a public credit registry. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Strategic Grain Reserve Project establishes a wheat strategic reserve to be SAR Afghanistan available to Afghan households to meet their needs following emergency situations, P160606 6/13/2017 - g IPF - - Yes - 20.3 14.9 - and improves the efficiency of the grain storage management.

Citizens' Charter Afghanistan Project - Emergency Regional Displacement Response (Additional Financing) improves the delivery of core infrastructure, SAR Afghanistan P163468 6/13/2017 - g IPF Yes - Yes - 127.7 93.2 - emergency support, and social services to participating communities through strengthened Community Development Councils.

Herat Electrification Project provides access to electricity to households, SAR Afghanistan P162022 6/13/2017 - g IPF - - Yes - 60.0 43.8 - institutions, and businesses in selected areas of Herat Province.

Inclusive Growth Development Policy Financing enhances the policy framework SAR Afghanistan to expand access to economic opportunities for the vulnerable, and strengthens the P160544 6/13/2017 - g DPF - - - - 100.0 73.0 - policy and regulatory framework for private sector development.

Urban Development Support Project creates an enabling policy framework and enhances urban policy making capacity in relevant agencies at the national level; SAR Afghanistan P147147 6/13/2017 - g IPF - - - - 20.0 14.8 - and strengthens city planning, management, and service delivery capacity in five provincial capital cities.

Leveraging ICT for Growth, Employment, and Governance Project (Additional Financing) catalyzes the growth of the country's IT and IT-Enables Services industry SAR Bangladesh P159497 10/24/2016 2023 / 2054 c IPF Yes - - - 39.0 28.0 - for employment creation and export diversification and establishes basic e- Government foundations to support public sector modernization.

Clean Air and Sustainable Environment Project (Additional Financing) SAR Bangladesh improves air quality and safe mobility in Dhaka through the implementation of P160014 1/13/2017 2023 / 2054 c IPF Yes - Yes - 35.0 25.5 - demonstration initiatives in urban transport and brick making.

Third Local Governance Support Project institutionalizes the Union Parishad SAR Bangladesh fiscal transfer system, and introduces a fiscal transfer system for Pourashavas on a P159683 1/31/2017 2023 / 2054 c IPF - - Yes - 300.0 221.7 - pilot basis. Insurance Sector Development Project strengthens the institutional capacity of the SAR Bangladesh regulator and state-owned insurance corporations and increases the coverage of P156823 3/20/2017 2023 / 2055 c IPF - - - - 65.0 47.9 - insurance in Bangladesh.

First Regional Connectivity Project improves conditions for trade through SAR Bangladesh improving connectivity, reducing logistics bottlenecks, and supporting the adoption of P154580 4/5/2017 2023 / 2054 c IPF - - - - 150.0 110.8 - modern approaches to border management and trade facilitation.

Second Investment Promotion and Financing Facility Project increases long- SAR Bangladesh term financing for infrastructure and builds capacity of the local financial institutions P159429 4/5/2017 2023 / 2054 c IPF - - Yes - 356.7 264.0 - for promoting private sector-led infrastructure financing in the country.

Power System Reliability and Efficiency Improvement Project improves the SAR Bangladesh reliability and efficiency of the power system in the country through optimization of P159807 4/26/2017 2026 / 2047 c IPF - - - - 59.0 44.4 - dispatch operation. Export Competitiveness for Jobs contributes to export diversification and more SAR Bangladesh P156113 6/1/2017 2023 / 2055 c IPF - - Yes - 100.0 73.8 - and better jobs in targeted sectors. Chittagong Water Supply Improvement and Sanitation Project (Additional Financing) increases the sustainable access to safe water and improved sanitation, SAR Bangladesh as well as supports the establishment of a long-term water supply, sanitiation, and P161566 6/23/2017 2023 / 2055 c IPF Yes - - - 47.5 34.7 - drainage infrastructure development and operation management program in Chittagong.

Second Fiscal Sustainability and Investment Climate Development Policy Financing promotes fiscal discipline, improves access to finance for enterprises, SAR Bhutan P157469 12/21/2016 2022 / 2041 c DPF - - Yes - 24.0 17.5 - and improves the climate for business entry and investment in Bhutan.

Nagaland Health Project improves health services and increases their utilization by SAR India P149340 12/19/2016 2022 / 2041 c IPF - - - - 48.0 35.9 - communities in targeted locations in Nagaland. Bihar Rural Roads Project improves rural road connectivity in project districts, and SAR India P155522 12/21/2016 2022 / 2041 c IPF - - - - 235.0 175.5 - enhance management of rural roads in Bihar.

Uttarakhand Health Systems Development Project improves access to quality SAR India health services, particularly in the hilly districts of the state, and expands health P148531 1/26/2017 2022 / 2042 c IPF - - Yes - 100.0 73.7 - financial risk protection for the residents of Uttarakhand.

Skill Strengthening for Industrial Value Enhancement Program-for-Results SAR India improves access to quality and market-driven vocational training provided in P156867 3/2/2017 2022 / 2042 c PforR - - - - 125.0 92.9 - industrial training institutes and apprenticeships. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

National Hydrology Project improves the extent, quality, and accessibility SAR India of water resources information and strengthens the capacity of targeted water P152698 3/15/2017 2023 / 2039 l IPF - - - 175.0 - - - resources management institutions.

West Bengal Support to Institutional Strengthening of Gram Panchayat SAR India Program-for-Results (Second Phase) strengthens the institutional and financial P159427 3/15/2017 2025 / 2039 l PforR - - - 210.0 - - - capacities of Gram Panchayats across West Bengal.

Shared Infrastructure for Solar Parks Project increases solar generation capacity SAR India P154283 3/30/2017 2022 / 2035 l IPF - - - 75.0 - - - through the establishment of large-scale solar parks in the country.

Madhya Pradesh Urban Development Project enhances the capacity of the SAR India Madhya Pradesh Urban Development Co Ltd. to improve coverage of key urban P155303 4/12/2017 2023 / 2047 l IPF - - Yes 116.2 - - - services and increase the revenue of participating urban local bodies.

Capacity Augmentation of the National Waterway-1 (Jal Marg Vikas) Project enhance transport efficiency and reliability of National Waterway-1 and augment SAR India P148775 4/12/2017 2024 / 2034 l IPF - - Yes 375.0 - - - institutional capacity for the development and management of India's inland waterway transport system in an environmentally sustainable manner.

Himachal Pradesh Public Financial Management Capacity Building Program- SAR India for-Results improves the efficiency of public expenditure management and tax P156687 5/17/2017 2022 / 2036 l PforR - - - 36.0 - - - administration in Himachal Pradesh.

24x7 - Power for All in Andhra Pradesh increases the system capacity to deliver SAR India electricity to customers, and improves the operational efficiency and system P155038 5/26/2017 2022 / 2036 l IPF - - - 240.0 - - - reliability in distribution of electricity in selected areas in Andhra Pradesh.

Citizen-Centric Service Delivery Reform Project improves access in the delivery SAR India P150308 5/26/2017 2022 / 2036 l IPF - - - 39.2 - - - of select public services in Assam. Jharkhand Opportunities for Harnessing Rural Growth (JOHAR) Project SAR India enhances and diversifies household income in select farm and non-farm sectors for P158798 5/26/2017 2023 / 2034 l IPF - - Yes 100.0 - - - targeted beneficiaries in project areas.

3 facilitates innovation in biopharmaceutical products SAR India Innovate in India (I ) Project P156241 5/31/2017 2023 / 2034 l IPF - - - 125.0 - - - and medical devices that address public health priorities in the country.

Assam State Public Finance Institutional Reforms (ASPIRe) Project contributes SAR India to improvement in predictability and transparency in budget execution and efficiency P157198 6/15/2017 2022 / 2036 l IPF - - - 35.0 - - - in tax administration in Assam. Skill India Mission Program-for-Results enhances institutional mechanisms for SAR India skill development and incrase access to quality and market relevant training for the P158435 6/23/2017 2023 / 2035 l PforR - - Yes 250.0 - - - work force. Sustainable Fisheries Resources Development Project improves management of SAR Maldives fisheries at regional and national levels including support to establish mariculture in P157801 4/11/2017 - g IPF - - Yes - 18.0 13.3 - targeted atolls in the country. Maldives Clean Environment Project improves solid waste management in SAR Maldives P160739 6/23/2017 - g IPF - - - - 17.5 12.8 - selected zones.

Road Sector Development Project (Additional Financing) provides residents of SAR Nepal the beneficiary districts access to all-season roads, thereby reducing travel time and P157607 8/25/2016 2023 / 2054 c IPF Yes - - - 55.0 39.3 - improving access to economic centers and social services.

Strengthening Systems for Social Protection and Civil Registration Project SAR Nepal improves the coverage of social security allowances and civil registration, and the P154548 12/2/2016 2023 / 2054 c IPF - - Yes - 150.0 107.6 - delivery of social security allowances.

Health Sector Management Reform Program-for-Results improves efficiency in SAR Nepal P160207 1/13/2017 2023 / 2054 c PforR - - Yes - 150.0 107.6 - public resource management systems of the health sector in Nepal.

Third Financial Sector Stability Development Policy Financing supports the SAR Nepal financial sector medium-term reform program initiated by the Nepalese authorities to P156960 3/2/2017 2023 / 2055 c DPF - - Yes - 100.0 70.6 - reduce the vulnerability of the banking sector and increase its transparency.

School Sector Development Program-for-Results improves the quality, equitable SAR Nepal access, and efficiency of basic and secondary education by supporting the P160748 3/24/2017 2023 / 2055 c PforR - - Yes - 185.0 136.2 - government’s School Sector Development Program.

Tarbela Fourth Extension Hydropower Project (Additional Financing) facilitates SAR Pakistan P157372 9/20/2016 2022 / 2036 l IPF Yes - Yes 390.0 - - - a sustainable expansion of the country's electricity generation capacity. Principal Commitment Amounts (millions)d Date of First/Last Financing Financing Additional Special Civil Society IBRD IDA IDA Special Financing Region Country Project Name and Development Objectives Project ID Approval Maturity Datea Type Instrument Financing Financingb Involvementc (US$) (US$) (SDRe) Grant (US$)

Punjab Tourism for Economic Growth Project strengthens institutional capacity, SAR Pakistan increases private sector participation, and improves infrastructure services in P158099 3/15/2017 2022 / 2040 c IPF - - Yes - 50.0 36.8 - support of the tourism sector in the province of Punjab.

National Social Protection Program-for-Results strengthens the national social SAR Pakistan safety net systems for the poor to enhance their human capital development and P158643 3/15/2017 2022 / 2040 c PforR - - Yes - 100.0 74.4 - their access to complementary services.

Finance for Growth Development Policy Financing strengthens, broadens, and SAR Pakistan diversifies the financial sector to promote financial inclusion, and improves P161136 3/15/2017 2022 / 2041 c DPF - - - - 301.6 222.1 - governance and transparency of the financial sector.

Sindh Enhancing Response to Reduce Stunting Project contributes to the SAR Pakistan reduction of the stunting rate among children under 5 years of age by targeting the P161624 5/26/2017 2022 / 2041 c IPF - - Yes - 61.6 45.5 - most affected districts in the Province of Sindh. Financial Inclusion and Infrastructure Project contributes to increasing access SAR Pakistan and usage of digital payments and other financial services for households and P159428 6/15/2017 2022 / 2042 c IPF - - Yes - 137.0 100.3 - businesses in the country. Karachi Neighborhood Improvement Project enhances public spaces in targeted SAR Pakistan neighborhoods of Karachi, and improves the city's capacity to provide selected P161980 6/15/2017 2022 / 2041 c IPF - - Yes - 86.0 62.8 - administrative services.

Competitiveness, Transparency, and Fiscal Sustainability Development Policy Financing supports the long‐term development of the country's economy through a SAR Sri Lanka renewed engagement on reforms to eliminate obstacles to private sector P157804 7/29/2016 2024 / 2043 c DPF - - - - 100.0 71.8 - competitiveness, enhance transparency and public sector management, and improve fiscal sustainability.

Social Safety Nets Project contributes to the improved equity, efficiency, and SAR Sri Lanka transparency of the country's social safety net programs for the benefit of the poor P156056 12/2/2016 2022 / 2040 c IPF - - - - 75.0 53.7 - and vulnerable. Sri Lanka Financial Sector Modernization Project contributes to increasing SAR Sri Lanka financial market efficiency and use of financial services among micro, small, and P159303 4/5/2017 2022 / 2041 c IPF - - - - 75.0 55.4 - medium enterprises and individuals.

Accelerating Higher Education Expansion and Development Program-for- SAR Sri Lanka Results increases enrollment in priority disciplines, improves the quality of degree P159995 5/12/2017 2022 / 2041 c, l PforR - - Yes 67.0 33.0 24.4 - programs, and promotes research and innovation in the higher education sector.

Notes: Numbers may not add to totals because of rounding. Summary does not include a $50 million grant for the Pandemic Emergency Financing Facility. 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 actors (including, but not limited to, non-governmental organizations, faith-based organizations, or other beneficiary-oriented actors) 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. 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. f. Lending includes a grant to the East African Community. g. Lending includes credits to Burkina Faso and Côte d'Ivoire. h. Lending includes credits to Benin, Guinea, Niger, and Togo. i. Lending includes credits to Guinea-Bissau, Liberia, Nigeria, and Togo, and a grant to Togo. j. Lending includes a credit to Guinea-Bissau. k. Lending includes a credit to Madagascar, and a grant to the Indian Ocean Commission. l. Lending includes a credit to Kenya, and a grant to the Intergovernmental Authority on Development. m. Lending includes grants to the Food and Agricultural Organization of the United Nations and the International Committee of the Red Cross. n. Lending includes loans to the Southern Gas Corridor Closed Joint Stock Company and to Boru Hatları İle Petrol Taşıma Anonim Şirketi, with guarantees to Azerbaijan and to Turkey. o. Lending includes credits to St. Lucia and St. Vincent and the Grenadines, and a loan to Grenada. p. Lending includes credits to St. Vincent and the Grenadines and to Grenada, and a loan to Grenada.

Annual Report 2017

Income by Region

Regional Poverty Estimates | 1981–2013

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 East Asia and Pacific 1,111 1,014 889 966 877 684 669 535 349 288 218 167 142 71 Europe and Central Asia .. .. 5 9 25 34 37 29 23 15 14 13 12 10 Latin America and the Caribbean 61 76 63 71 68 71 72 71 61 42 39 36 34 34 Middle East and North Africa .. 16 17 14 14 12 10 .. 9 7 ...... South Asia 504 517 511 505 541 517 .. 552 508 465 400 328 293 256 Sub-Saharan Africa ...... 276 323 346 371 391 382 389 399 396 393 389

Total six regions 1,893 1,851 1,738 1,840 1,849 1,664 1,692 1,588 1,332 1,205 1,077 946 880 766 World 1,893 1,851 1,738 1,840 1,849 1,664 1,692 1,588 1,332 1,205 1,077 946 880 766

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 East Asia and Pacific 80.5 69.9 58.3 60.2 52.4 39.4 37.2 29.0 18.4 14.9 11.1 8.4 7.1 3.5 Europe and Central Asia .. .. 1.2 1.9 5.5 7.3 8.0 6.3 5.0 3.1 2.9 2.6 2.4 2.2 Latin America and the Caribbean 16.2 19.0 14.7 15.8 14.4 14.2 13.9 13.0 10.8 7.1 6.5 6.0 5.6 5.4 Middle East and North Africa .. 8.3 8.5 6.0 5.6 4.8 3.8 .. 3.0 2.1 ...... South Asia 54.7 52.3 48.2 44.6 44.8 40.3 .. 38.5 33.6 29.4 24.6 19.9 17.5 15.1 Sub-Saharan Africa ...... 54.3 58.4 57.7 57.1 55.6 50.0 47.0 45.7 44.1 42.6 41.0

Total six regions 51.6 47.5 42.1 42.0 40.1 34.4 33.4 30.0 24.2 21.1 18.3 15.9 14.6 12.6 World 41.9 38.9 34.7 34.8 33.4 28.7 28.0 25.3 20.5 17.8 15.6 13.5 12.4 10.7

Population living below $3.10 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 East Asia and Pacific 1,286 1,308 1,297 1,342 1,300 1,183 1,164 1,013 812 682 564 488 439 321 Europe and Central Asia .. .. 32 47 67 86 94 67 50 34 35 34 33 31 Latin America and the Caribbean 112 136 121 133 131 136 136 139 121 91 83 78 73 70 Middle East and North Africa .. 54 60 54 61 63 54 .. 53 46 ...... South Asia 774 819 855 888 952 971 .. 1,060 1,050 1,042 1,007 937 893 854 Sub-Saharan Africa ...... 375 424 459 499 539 557 581 604 609 614 616

Total six regions 2,532 2,657 2,709 2,839 2,934 2,897 2,958 2,870 2,643 2,476 2,337 2,189 2,093 1,932 World ......

Population living below $3.10 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 East Asia and Pacific 93.1 90.2 85.0 83.7 77.8 68.1 64.8 54.8 42.8 35.2 28.7 24.7 22.1 16.0 Europe and Central Asia .. .. 7.1 10.2 14.3 18.4 20.0 14.4 10.8 7.4 7.4 7.1 6.9 6.5 Latin America and the Caribbean 29.8 34.0 28.5 29.5 27.6 27.3 26.2 25.6 21.4 15.4 13.8 12.8 11.9 11.3 Middle East and North Africa .. 28.8 29.0 23.9 25.2 24.4 19.6 .. 17.6 14.3 ...... South Asia 84.0 82.9 80.7 78.4 78.8 75.6 .. 73.8 69.5 65.9 61.8 56.7 53.3 50.3 Sub-Saharan Africa ...... 73.8 76.6 76.5 76.8 76.5 73.1 70.3 69.1 67.9 66.5 65.0

Total six regions 69.0 68.2 65.5 64.8 63.6 59.8 58.4 54.3 48.0 43.3 39.8 36.8 34.7 31.7 World ......

Source: PovCalNet, World Development Indicators, and World Bank Poverty and Equity databases. For data updates visit data.worldbank.org. Note: PPP = purchasing power parity; .. = not available. For details on regional groupings, see http://iresearch.worldbank.org/PovcalNet/data.aspx. Data are current as of October 2016. Gross Domestic Product per Capita Index | 2005–16

Africa East Asia and Pacific

250 250 222

200 200

150 150 120 100 100 100 100

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

Europe and Central Asia Latin America and the Caribbean

250 250

200 200

150 135 150 117 100 100 100 100

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

Middle East and North Africa South Asia

250

200 181

150 113 100 100 100

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

Note: 2016 data unavailable for Middle East and North Africa Region. Source: World Development Indicators database.

Annual Report 2017

Organizational Information Governors and Alternates of the World Bank | June 30, 2017

Member Country Governor Alternate

Afghanistan Eklil Ahmad Hakimi Mohammad M. Mastoor Albania Arben Ahmetaj Elisabeta Gjoni Algeria Abderrahmane Raouya Abdelhak Bedjaoui Angola Augusto de Sousa Archer Mangueira Job Graca Antigua and Barbuda a Gaston Browne Lennox Weston Argentina Luis Andres Caputo Federico Sturzenegger Armenia Vache Gabrielyan Armen Hayrapetyan Australia Scott Morrison Kelly O'Dwyer Austria Hans Joerg Schelling Harald Waiglein Azerbaijan Elman Siradjogly Rustamov Shahin Mustafayev Bahamas, The Peter Turnquest Simon Wilson Bahrain a Ahmed Bin Mohammed Al-Khalifa Yusuf Abdulla Humood Bangladesh Abul Maal A. Muhith Kazi Shofiqul Azam Barbados Christopher P. Sinckler Martin E. Cox Belarus a Vasily Matyushevsky Vladimir Zinovsky Belgium Johan Van Overtveldt Alexander De Croo Belize Dean O. Barrow Yvonne Sharman Hyde Benin Abdoulaye Bio Tchane Romuald Wadagni Bhutan Lyonpo Namgay Dorji Nim Dorji Bolivia Mariana Prado Noya Luis Alberto Arce Catacora Bosnia and Herzegovina Denis Zvizdic Josip Grubesa Botswana Ontefetse Kenneth Matambo Solomon M. Sekwakwa Brazil Henrique de Campos Meirelles Ilan Goldfajn Brunei Darussalam a Sultan Haji Hassanal Bolkiah Abd Rahman Ibrahim Bulgaria a Vladislav Goranov Dimitar Kostov Burkina Faso Hadizatou Rosine Coulibaly/Sori Ambroise Kafando Burundi Domitien Ndihokubwayo Leon Nimbona Cabo Verde Olavo Correia Carlos Furtado Cambodia Pornmoniroth Aun Vissoth Vongsey Cameroon Louis Paul Motaze Charles Assamba Ongodo Canada Bill Morneau Malcolm Brown Central African Republic Felix Moloua Marie Laure Dengou Chad Ngueto Tiraina Yambaye Christian Georges Diguimbaye Chile Rodrigo Osvaldo Valdes Pulido Sergio Granados Aguilar China Jie Xiao Yaobin Shi Colombia Mauricio Cardenas Santamaria Luis Fernando Mejia Alzate Comoros Said Ali Said Chayhane Fouady Goulame Congo, Dem. Rep. Henri Yav Mulang Jean-Claude Masangu Mulongo Congo, Rep. Ingrid Olga Ghislaine Ebouka-Babackas Calixte Nganongo Costa Rica Helio Fallas Olivier Castro Perez Côte d'Ivoire Amadou Gon Coulibaly Abdourahmane Cisse Croatia Zdravko Maric Zeljko Tufekcic Member Country Governor Alternate

Cyprus Harris Georgiades Christos Patsalides Czech Republic Andrej Babis Lenka Dupakova Denmark Ulla Tornaes Martin Bille Hermann Djibouti Ilyas Moussa Dawaleh Amareh Ali Said Dominica Roosevelt Skerrit Rosamund Edwards Dominican Republic Isidoro Santana Donald Guerrero Ecuador Patricio Rivera Yanez Diego Martinez Vinueza Egypt, Arab Rep. Sahar Nasr Dalia Khorshid El Salvador Francisco Roberto Lorenzana-Duran Carlos Enrique Caceres Equatorial Guinea Eucario Bacale Angue Milagrosa Obono Angue Eritrea Berhane Habtermariam Martha Woldegiorghis Estonia Toomas Toniste Marten Ross Ethiopia Abraham Tekeste Ato Admasu Nebebe Fiji Aiyaz Sayed-Khaiyum Makereta Konrote Finland Petteri Orpo Kai Mykkanen France Bruno Le Maire Odile Renaud-Basso Gabon Regis Immongault Roger Owono Mba Gambia, The Amadou Sanneh Lamin Camara Georgia Dimitry Kumsishvili George Kvirikashvili Germany Gerd Mueller Thomas Steffen Ghana Kenneth Ofori-Atta Charles Adu Boahen Greece Dimos Papadimitriou Ilias Xanthakos Grenada Keith C. Mitchell Kim Frederick Guatemala Julio Hector Estrada Julio Suarez-Guerra Guinea Kanny Diallo Mohamed Lamine Doumbouya Guinea-Bissau Joao Alage Mamadu Fadia Jose Adelino Vieira Guyana Winston Jordan VACANT Haiti Jude Alix Patrick Salomon Jean Baden Dubois Honduras Wilfredo Rafael Cerrato Rodriguez Manuel de Jesus Bautista Flores Hungary Mihaly Varga Agnes Anna Hornung Iceland Gudlaugur Thor Thordarson Benedikt Johannesson India Arun Jaitley Shri Shaktikanta Das Indonesia Sri Mulyani Indrawati Bambang P.S. Brodjonegoro Iran, Islamic Rep. Ali Taieb Nia Mohammad Khazaee Torshizi Iraq Abdulrazzaq A. Jaleel Essa Ali Muhsin Ismail Ireland Paschal Donohoe Derek Moran Israel Moshe Kahlon Nadine Baudot-Trajtenberg Italy Ignazio Visco Filippo Giansante Jamaica a Audley Shaw Everton McFarlane Japan Taro Aso Haruhiko Kuroda Jordan Imad Najib Fakhoury Saleh Al-Kharabsheh Kazakhstan Timur Suleimenov Madina Abylkassymova Kenya Henry Kiplagat Rotich Kamau Thugge Member Country Governor Alternate

Kiribati Teuea Toatu Tukabu Tauati Korea, Rep. Dong Yeon Kim Juyeol Lee Kosovo Avdullah Hoti VACANT Kuwait Anas K. Al-Saleh Abdulwahab Ahmed Al-Bader Kyrgyz Republic Adylbek Kasymaliev Arzybek Kozhoshev Lao PDR Somdy Douangdy Vathana Dalaloy Latvia Dana Reizniece-Ozola Arvils Aseradens Lebanon Ali Hassan Khalil Raed Khoury Lesotho Tlohelang Peter Aumane Majakathata Simon Thakhisi Liberia Boima S. Kamara Milton Weeks Libya VACANT VACANT Lithuania Vilius Sapoka Loreta Maskalioviene Luxembourg Pierre Gramegna Arsene Joseph Jacoby Macedonia, FYR Dragan Tevdovski Kocho Angjushev Madagascar Herilanto Raveloharison Alexandre Randrianasolo Malawi Goodall E. Gondwe Ben Botolo Malaysia Mohd. Najib Abdul Razak Mohd. Irwan Serigar Abdullah Maldives Ahmed Zuhoor Mohamed Jaleel Mali Boubou Cissé Konimba Sidibe Malta a Edward Scicluna Alfred S. Camilleri Marshall Islands Brenson S. Wase David Paul Mauritania El Moctar Ould Djay Abass Sylla Mauritius Pravind Kumar Jugnauth Dharam Dev Manraj Mexico José Antonio Meade Kuribreňa Vanessa Rubio Márquez Micronesia, Fed. Sts. Sihna N. Lawrence Senny Phillip Moldova Octavian Armasu Veronica Vragaleva Mongolia Battogtokh Choijilsuren Nadmid Bayartsaikhan Montenegro Darko Radunovic Nikola Vukicevic Morocco Mohammed Boussaid Mohammed Louafa Mozambique Adriano Afonso Maleiane Rogerio Lucas Zandamela Myanmar U Kyaw Win Khin Saw Oo Namibia a Carl Hermann Gustav Schlettwein Ipumbu Shiimi Nauru a David Adeang Martin Hunt Nepal Gyanendra Bahadur Karki Shanta Raj Subedi Netherlands Jeroen Dijsselbloem Lilianne Ploumen New Zealand Steven Joyce Gabriel Makhlouf Nicaragua Ivan Acosta Montalvan Francisco J. Mayorga Niger Aichatou Boulama Kane Ahmat Jidoud Nigeria Kemi Adeosun Mahmoud Isa-Dutse Norway Borge Brende Tone Skogen Oman Darwish Ismail Al Balushi VACANT Pakistan Mohammad Ishaq Dar Tariq Mahmood Pasha Palau Elbuchel Sadang Casmir Remengesau Member Country Governor Alternate

Papua New Guinea Patrick Pruaitch Dairi Vele Paraguay Lea Raquel Gimenez Duarte Humberto Colman Peru Fernando Zavala Lombardi Rossana Carla Polastri Clark Philippines Carlos G. Dominguez III Amando M. Tetangco Poland Adam Glapinski Piotr Nowak Portugal Mario Centeno Ricardo Mourinho Felix Qatar a Ali Sharieff Al Emadi Abdullah Bin Saoud Al-Thani Romania Viorel Stefan Liviu Voinea Russian Federation Anton Siluanov Alexey Ulyukaev Rwanda Claver Gatete Uzziel Ndagijimana Samoa Sili Sala Epa Tuioti Iulai Lavea San Marino a Andrea Zafferani Dario Galassi São Tomé and Príncipe Americo d'Oliveira dos Ramos Ana Maria da Conceicao Silveira Saudi Arabia Mohammed A. Al-Jadaan Ahmed A. Alkholifey Senegal Amadou Ba Daouda Sembene Serbia Dusan Vujovic Rasim Ljajic Seychelles a Louis Rene Peter Larose Caroline Abel Sierra Leone Momodu L. Kargbo Edmund Koroma Singapore Heng Swee Keat Ching Yee Tan Slovak Republic Peter Kazimir Jan Toth Slovenia Mateja Vranicar Erman Gorazd Rencelj Solomon Islands Snyder Rini Harry Degruit Kuma Somalia Abdirahman Duale Beileh Bashir Isse South Africa Malusi Gigaba Lungisa Fuzile South Sudan Stephen Dhieu Dau Kornelio Koryom Spain Luis De Guindos Irene Garrido Valenzuela Sri Lanka Mangala Samaraweera M. I. M. Rafeek St. Kitts and Nevis Timothy S. Harris Hillary Hazel St. Lucia Allen M. Chastanet Ubaldus Raymond St. Vincent and the Grenadines Camillo Gonsalves Laura Anthony-Browne Sudan Bader Eldin Mahmoud Abbas Abedrahman Hassan Abedrahman Suriname a Gillmore Hoefdraad Sieglien Burleson Swaziland Hlangusemphi Dlamini Bheki Sibonangaye Bhembe Sweden Magdalena Andersson Isabella Lovin Switzerland Johann N. Schneider-Ammann Didier Burkhalter Syrian Arab Republic Mhd. Samer Al-Khalil Mohammad Hamandosh Tajikistan Abdusalom Qurboniyon Ashurboy Solehzoda Tanzania Philip Isdor Mpango Doto Mgosha James Thailand Apisak Tantivorawong Somchai Sujjapongse Timor-Leste Santina JRF Viegas Cardoso Helder Lopes Togo Kossi Assimaidou Aheba Johnson Tonga Tevita Lavemaau Pilimilose Balwyn Fa'otusia Trinidad and Tobago Colm Imbert Camille Robinson-Regis Member Country Governor Alternate

Tunisia Mohamed Fadhel Abdelkefi Kalthoum Hamzaoui Turkey Osman Celik Raci Kaya Merdanguly Magtymgulyyevich Turkmenistan a Muhammetguly A. Muhammedov Palivanov Tuvalu Maatia Toafa Letasi Iulai Uganda Matia Kasaija Keith Muhakanizi Ukraine Stepan Kubiv VACANT United Arab Emirates Hamdan bin Rashid Al-Maktoum Obaid Humaid Al Tayer United Kingdom Priti Patel Philip Hammond United States Andrew Baukol VACANT Uruguay a Danilo Astori Pablo Ferreri Uzbekistan Galina Saidova Ravshan Gulyamov Vanuatu Gaetan Pikioune Simeon Malachi Athy Venezuela, RB a Ramon Augusto Lobo Moreno Eudomar Rafael Tovar Vietnam Minh Hung Le Thi Hong Nguyen Yemen, Rep. Mohammed Saeed Al-Sadi Nazar Abdulla Basuhaib Zambia Felix Mutati Fredson K. Yamba Zimbabwe Patrick Anthony Chinamasa Willard Lowenstern Manungo

Source: Corporate Secretariat, June 30, 2017. a. Not a member of IDA

Executive Directors and Alternates of the World Bank and Their Voting Power | June 30, 2017

IBRD IDA

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

Appointed

Karen Mathiasen (Vacant) United States 385,195 16.32 2,748,798 10.21

Kazuhiko Koguchi Daiho Fujii Japan 166,137 7.04 2,275,107 8.45

Yingming Yang Minwen Zhang China 107,287 4.55 592,628 2.20

Juergen Zattler Claus Michael Happe Germany 97,267 4.12 1,469,076 5.46

Benoit Paul Eleuthere 91,097 3.86 1,026,486 3.81 Hervé de Villeroché France Catzaras

Melanie Robinson Clare Roberts United Kingdom 91,097 3.86 1,676,710 6.23

Elected

Franciscus Godts Guenther Austria, Belarusa, Belgium, Czech 116,633 4.94 1,260,685 4.68 (Belgium) Schoenleitner Republic, Hungary, Kosovo, (Austria) Luxembourg, Slovak Republic, Slovenia, Turkey

Fernando Jimenez Rodrigo Carriedo Haro Costa Rica, El Salvador, 112,983 4.79 654,240 2.43 Latorre (Mexico) Guatemala, Honduras, Mexico, (Spain) Nicaragua, Spain, Venezuela (Republica Bolivariana de)a

Frank Heemskerk Claudiu Doltu Armenia, Bosnia and Herzegovina, 96,450 4.09 1,294,427 4.81 (Netherlands) (Romania) Bulgariaa, Croatia, Cyprus, Georgia, Israel, Macedonia (former Yugoslav Republic of), Moldova, Montenegro, Netherlands, Romania, Ukraine

Jason Allford Hoe Jeong Kim Australia, Cambodia, Kiribati, 96,402 4.08 1,044,792 3.88 (Australia) (Republic of Korea) Korea (Republic of), Marshall Islands, Micronesia (Federated States of), Mongolia, Naurua, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, Vanuatu

Christine Hogan Peteranne Tamara Antigua and Barbudaa, The 85,125 3.61 1,196,905 4.44 (Canada) Donaldson Bahamas, Barbados, Belize, (Jamaica) Canada, Dominica, Grenada, Guyana, Ireland, Jamaicaa, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines

Subhash Garg Muhammad Musharraf Bangladesh, Bhutan, India, Sri 84,997 3.60 1,053,292 3.91 (India) Hossain Bhuiyan Lanka (Bangladesh) IBRD IDA

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

Patrizio Pagano Nuno Mota Pinto Albania, Greece, Italy, Maltaa, 79,198 3.36 838,622 3.11 (Italy) (Portugal) Portugal, San Marinoa, Timor-Leste

Otaviano Canuto Diana Quintero Brazil, Colombia, Dominican 78,634 3.33 927,101 3.44 (Brazil) (Colombia) Republic, Ecuador, Haiti, Panama, Philippines, Surinamea, Trinidad and Tobago

Susan Anette Ulbaek Martin Poder Denmark, Estonia, Finland, 74,606 3.16 1,442,217 5.36 (Denmark) (Estonia) Iceland, Latvia, Lithuania, Norway, Sweden

Omar Bougara Nasir Mahmood Khosa Afghanistan, Algeria, Ghana, Iran 74,057 3.14 682,198 2.53 (Algeria) (Pakistan) (Islamic Republic of), Morocco, Pakistan, Tunisia

Werner Gruber Paulina Gomulak Azerbaijan, Kazakhstan, Kyrgyz 73,497 3.11 1,237,662 4.60 (Switzerland) (Poland) Republic, Poland, Serbia, Switzerland, Tajikistan, Turkmenistana, Uzbekistan

Andin Hadiyanto Pornwasa Sirinupongs Brunei Darussalama, Fiji, 71,009 3.01 793,436 2.95 (Indonesia) (Thailand) Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam

Andrei Lushin Eugene B. Miagkov Russian Federation, Syrian Arab 70,343 2.98 101,674 0.38 (Russian Federation) (Russian Federation) Republic

Khalid Alkhudairy Turki Dhaifallah Saudi Arabia 67,198 2.85 885,267 3.29 (Saudi Arabia) Almutairi (Saudi Arabia)

Merza Hasan Ragui El-Etreby Bahraina, Egypt (Arab Republic of), 64,475 2.73 560,512 2.08 (Kuwait) (Arab Republic of Iraq, Jordan, Kuwait, Lebanon, Egypt) Libya, Maldives, Oman, Qatara, United Arab Emirates, Yemen (Republic of)

Maximo Torero Daniel Pierini Argentina, Bolivia, Chile, Paraguay, 49,666 2.10 593,205 2.20 (Peru) (Argentina) Peru, Uruguaya

Seydou Bouda Jean-Claude Benin, Burkina Faso, Cabo Verde, 45,368 1.92 1,155,700 4.29 (Burkina Faso) Tchatchouang 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, São Tomé and Príncipe, Senegal, Togo IBRD IDA

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

Andrew Bvumbe Anne Kabagambe Botswana, Burundi, Eritrea, 42,472 1.80 1,098,122 4.08 (Zimbabwe) (Uganda) Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibiaa, Rwanda, Seychellesa, Sierra Leone, Somalia, South Sudan, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe

Patience Bongiwe Haruna Mohammed Angola, Nigeria, South Africa 39,128 1.66 321,878 1.20 Kunene (Nigeria) (South Africa)

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, 2015.

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

Shixin Chen May 27, 2016 Janet Harris November 1, 2015 (China) (St. Kitts and Nevis)

Sung-Soo Eun January 17, 2016 Daniel Kostzer April 27, 2016 (Republic of Korea) (Argentina)

Gwen Hines August 5, 2015 Wilhelm Michael Rissmann August 31, 2015 (United Kingdom) (Germany)

Mohammad Tareque October 31, 2015 (Bangladesh)

Roman Zhukovskyi August 2, 2015 (Ukraine)

FOR IMMEDIATE RELEASE DEVELOPMENT COMMITTEE JOINT MINISTERIAL COMMITTEE OF THE BOARDS OF GOVERNORS OF THE BANK AND THE FUND ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES

1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-2980; Fax:(202) 522 2804

Washington, DC, October 8, 2016 1. The Development Committee met today, October 8, in Washington, D.C.

2. Global economic growth remains sluggish in 2016, with only a modest pick-up expected in 2017. Demand has remained soft despite highly stimulative monetary policies, foreign direct investment to developing countries has decreased, commodity exporters are adjusting to declines in exports, and wider geopolitical and economic uncertainties are weighing on confidence. We call on the World Bank Group (WBG) and the International Monetary Fund (IMF) to work jointly with countries to enhance synergy among monetary, fiscal and structural reform policies, stimulate growth, create jobs, and strengthen the gains from multilateralism for all.

3. We share a vision of the WBG as a premier development institution: it plays a key role in advancing policies essential for sustainable growth, poverty reduction, and economic transformation; leads on global agendas; and helps ensure that the benefits of globalization are widely shared. During the next 15 years, the development landscape will face critical shifts, including climate change; natural disasters; pandemics; fragility, conflict and violence; migration and forced displacement; urbanization; and demographic changes. Meeting these challenges, and rising to the ambition of the Twin Goals, the Sustainable Development Goals (SDGs) and the COP21 Agreement, will require a better, stronger, and more agile WBG. This task will also require deeper engagement and collaboration with international financial institutions and global partners, additional private funds, the ability to harness technological change and increased country capacity to raise domestic resources. In this regard, we welcome the report to Governors on the Forward Look: A Vision for the WBG in 2030.

4. We value the commitment to a more efficient and agile WBG that follows a risk-based approach, upholds standards, exploits synergies across its institutions, and has a culture that supports these shifts. Resources should be strategically deployed to meet global and client needs and targeted to areas of the world that most need funding and have least access to capital, with a tailored value proposition to the full range of clients. The WBG should strengthen the knowledge agenda, including through enhanced monitoring, learning and evaluation frameworks and South-South flows and help enhance countries’ crisis preparedness, prevention and response frameworks. We expect a progress update on the Forward Look with clear results indicators at the 2017 Spring Meetings.

5. The private sector is essential to creating jobs and delivering higher living standards. Public policies that improve governance and regulation, make markets more competitive, and increase openness and predictability are prerequisites to higher investment and better development outcomes. We urge the WBG to take a Group-wide approach to help create markets, particularly in the most challenging environments, and to mobilize private resources, including through guarantees, especially for quality infrastructure, and for small and medium enterprises. Bringing together the joint capabilities of all WBG institutions is crucial to mobilizing finance for development and delivering global public goods. We encourage the WBG to expand its strong collaboration with other multilateral development banks (MDBs), in line with their recent declaration on infrastructure. We welcome the Global Infrastructure Connectivity Alliance, announced in September 2016.

6. Mobilizing domestic resources and addressing illicit financial activities will be vital to unlocking finance for development: we urge the WBG and IMF to foster policies and transparent institutions that advance these efforts and improve public expenditure management. We applaud the WBG support to the Stolen Asset Recovery Initiative. We welcome the progress that the IMF and WBG have made in reviewing the Debt Sustainability Framework for Low-Income Countries. We stress the important role that technology and the private sector can play in achieving the Universal Financial Access 2020 goal.

7. An ambitious IDA18 replenishment is key for delivering the 2030 agenda. We advocate for a strong IDA18 replenishment, with a broadened donor base. We welcome the innovative financing and policy package, including the proposal to enable IDA, which has recently received milestone triple-A ratings, to tap into capital markets to complement its resources. We urge the WBG to ensure a smooth transition as countries graduate from IDA. We also welcome the enhanced Crisis Response Window and the proposal to scale up private sector activities, including an IFC and MIGA Private Sector Window.

8. Large movements of people constitute a shared, long-term challenge for countries at all levels of development. More than half the world’s poor live in countries affected by fragility, conflict, and violence (FCV), where IDA support is particularly important. We welcome proposals to double financial resources in these countries and to support, through tailored efforts to their specific needs, refugees and the communities that host them. The WBG and the IMF should help tackle drivers of fragility, by improving investment climates, strengthening local governance, rebuilding state institutions, broadening access to finance, and fostering conflict prevention and resilience. The WBG should increase resources allocated to these efforts, enhance its capacity to work in these environments, expand its work on forced displacement and migration and work closely with humanitarian partners.

9. We welcome the Global Crisis Response Platform, announced at the Leaders’ Summit on Refugees in September 2016, and urge its rapid implementation. We expect it to provide scaled up, systematic, and better coordinated support to address crises, including those arising from forced displacement, natural disasters and pandemics. The Global Concessional Financing Facility, the IDA Crisis Response Window, and the proposed sub-regional window for refugees in IDA18 will be important for this effort. As part of the Platform, we also welcome the launch of the Pandemic Emergency Financing Facility and look forward to its early start-up. It will, together with upgraded efforts towards universal health coverage, fill a critical gap in health financing architecture.

10. We look forward to implementation of the WBG Climate Change Action Plan and support countries’ nationally determined contributions under the COP21 agreement. We urge the WBG to continue to focus on building resilience while expanding insurance schemes and increasing investments in climate-smart land use, green infrastructure, and sustainable cities. Small states are disproportionately affected by natural disasters, including rising sea levels and extreme weather events. We ask the WBG and IMF to continue supporting efforts to facilitate these countries’ access to climate finance for adaptation, mitigation and improved disaster risk management.

11. Women still lag behind in most measures of economic opportunity, undermining national and global growth prospects. The ambitions enshrined in the Twin Goals and the SDGs cannot be realized unless countries make significant progress in closing gender gaps in key sectors. We strongly support the continued implementation of the WBG 2015 Gender Strategy and the progress in diversifying WBG staff.

12. We welcome the approval of the Bank’s new Environmental and Social Framework, which reflects the most extensive consultations ever conducted by the WBG. The standards expand protections for people and the environment in Bank-financed investment projects and are part of a far-reaching effort by the WBG to improve development outcomes. We now ask the Bank to focus on effective implementation, ensure appropriate financial and human resources to build staff and client capacity, establish a robust accountability framework, and provide hands-on support where needed.

13. As part of the Voice reform, we remain committed to the Roadmap for implementation of the Shareholding Review that was agreed at the 2015 Annual Meetings. We thank Executive Directors for completing their work on a dynamic formula that reflects the evolution of the global economy and contributions to the WBG’s mission. We look forward to the next stage of discussions, based on agreed shareholding principles, formula guidance, and the package of commitments in the Report to Governors on the Dynamic Formula.

14. We also look forward to considering options to strengthen the financial position of the WBG institutions. We aim to conclude these discussions no later than the 2017 Annual Meetings in line with the Roadmap endorsed in Lima.

15. We thank Mr. Bambang Brodjonegoro for his valuable leadership as Chairman of the Development Committee, and welcome his successor, Ms. Sri Mulyani Indrawati, Minister of Finance of Indonesia, as its first female Chair. We congratulate Dr. Kim for his reappointment as President of the World Bank Group for a second term.

16. The next meeting of the Development Committee is scheduled for April 22, 2017.

FOR IMMEDIATE RELEASE

DEVELOPMENT COMMITTEE JOINT MINISTERIAL COMMITTEE OF THE BOARDS OF GOVERNORS OF THE BANK AND THE FUND ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES

1818 H Street, N.W., Washington, D.C. 20433 Telephone: (202) 458-2980 Fax: (202) 522-1618

Washington, DC April 22, 2017

1. The Development Committee met today, April 22, in Washington, D.C.

2. The global economy is gaining momentum, but risks remain tilted to the downside. Further improvements in the global outlook will require policies that foster inclusive and sustainable growth, address financial vulnerabilities, and create jobs and economic opportunities for all. Actions to tackle the adverse impact of the decline in correspondent banking relations are an important priority for many countries. World Bank Group (WBG) and International Monetary Fund (IMF) advice and support are important to advance such policies, deliver the 2030 agenda, and protect the most vulnerable.

3. Reducing inequality is necessary to ensure long-term and sustainable growth. Technological change, trade, financial flows, and economic integration have helped boost incomes and have narrowed the economic gaps between countries. But these gains have not always been shared evenly within countries. We urge the WBG and IMF to redouble efforts to eradicate poverty and ensure that the benefits of international economic integration are shared widely.

4. We welcome the implementation update on the WBG Forward Look. In October, we endorsed a vision for a better, stronger, and more agile WBG and identified areas for improvement. We recognize the progress so far in becoming a better WBG. We encourage continuing efforts, in coordination with development partners, to implement and report on the Forward Look commitments and associated policies to (i) prioritize private sector solutions when deploying scarce public resources, including for infrastructure; (ii) strengthen domestic resource mobilization; (iii) support global public goods; (iv) assist all WBG client segments; (v) be more agile, responsive, and results-focused in working across the public and private sectors; and (vi) pay special attention to stabilizing the economy and supporting growth in situations of fragility, conflict, and violence, as well as to the development needs of small states.

5. We support the WBG’s scaled-up activities in the area of crisis preparedness, prevention, and response, through investments to address the root causes and drivers of fragility by helping countries build institutional and social resilience. We encourage further efforts to mobilize and rapidly disburse support for countries, communities, and refugees that are affected by famine or forced displacement, in close coordination with the UN and other partners. We acknowledge the various initiatives by the WBG to strengthen the Humanitarian-Development-Peace nexus.

6. We are encouraged by the WBG’s efforts to become more efficient through reforms of its operational and administrative policies and its People Strategy. We welcome the budget discipline introduced by

7. the Expenditure Review, acknowledge WBG efforts to ensure transparency and accountability in tracking and reporting how it uses its scarce resources, and urge continued commitment on these fronts.

8. We also welcome progress and discussions to strengthen the WBG’s financial capacity. We are greatly encouraged by the successful IDA replenishment negotiations. IDA18 delivered a record $75 billion thanks to the generosity of partners and the plans to leverage IDA’s equity. Innovative measures introduced, such as the Private Sector Window, will help catalyze additional resources for IDA countries. We look forward to successful implementation that maximizes development impact.

9. We take note of the ongoing discussions to enhance the WBG’s financial capacity and enable it to deliver on the ambition of the Forward Look. We ask the Board and Management to develop a set of options by the Annual Meetings in October 2017.

10. We welcome the progress made in the Shareholding Review and recall our commitment to the principles we endorsed in Lima toward a WBG that reflects the evolution of the global economy and contributions to the WBG’s mission. We are encouraged by progress on diversity and inclusion in WBG staff and management, and we support similar progress on gender diversity in the Executive Board.

11. The next meeting of the Development Committee is scheduled for October 14, 2017.

Officers of the World Bank | June 30, 2017

Name Title Jim Yong Kim President Joaquim Levy Managing Director and World Bank Group Chief Financial Officer Shaolin Yang Managing Director and World Bank Group Chief Administrative Officer Kristalina Georgieva Chief Executive Officer Paul Romer Chief Economist and Senior Vice President Sandie Okoro Senior Vice President and World Bank Group General Counsel Mahmoud Mohieldin Senior Vice President for the 2030 Development Agenda, United Nations, and Partnerships Antonella Bassani Vice President, Budget, Performance Review, and Strategic Planning Gonzalo Castro Chairperson, Inspection Panel Ousmane Diagana Vice President and World Bank Group Chief Ethics Officer Makhtar Diop Vice President, Africa Annette Dixon Vice President, South Asia Jorge Familiar Calderon Vice President, Latin America and the Caribbean Denis Robitaille World Bank Group Vice President, Information and Technology Solutions, and Chief Information Officer Hafez Ghanem Vice President, Middle East and North Africa Keith Hansen Vice President, Human Development Caroline Heider Director-General, Independent Evaluation Group Victoria Kwakwa Vice President, East Asia and Pacific Bernard Lauwers Vice President and World Bank Group Controller Leonard McCarthy Vice President, Institutional Integrity Sean McGrath Vice President, World Bank Group Human Resources Cyril Muller Vice President, Europe and Central Asia Hiroshi Naka Vice President and Auditor-General Arunma Oteh Vice President and Treasurer Sheila Redzepi Vice President, World Bank Group External and Corporate Relations Hartwig Schafer Vice President, Operations Policy and Country Services Lakshmi Shyam-Sunder Vice President and World Bank Group Chief Risk Officer Axel van Trotsenburg Vice President, Development Finance Yvonne Tsikata Vice President and Corporate Secretary Laura Tuck Vice President, Sustainable Development Jan Walliser Vice President, Equitable Growth, Finance, and Institutions

Organizational Chart Board of Governors Effective June 9, 2017

Caroline Heider Gonzalo Castro Director General Executive Directors Chairperson Independent Evaluation Inspection Panel

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

Jim Yong Kim Paul Romer Sr. Vice President & President Chief Economist Hiroshi Naka Vice President & Auditor-General Mahmoud Mohieldin Internal Audit Sr. Vice President 2030 Development Agenda UN Relations & Partnerships

Sheila Redzepi Sean McGrath Joaquim Levy Shaolin Yang Kristalina Georgieva Vice President Vice President Managing Director Managing Director Chief Executive Officer & WBG Chief & WBG Chief IBRD/IDA WBG External & WBG Human Resources Financial Officer Administrative Officer Corporate Relations

Lakshmi Shyam-Sunder Antonella Bassani Jorge Familiar Calderon Vice President & Hartwig Schafer Makhtar Diop Keith Hansen Vice President Vice President WBG Chief Risk Officer Vice President Vice President Vice President Budget, Performance Latin America and Group Chief Risk Officer Operations Policy and Africa Human Development Review & Strategic Planning Country Services Caribbean

Axel van Trotsenburg Leonard McCarthy Vice President Victoria Kwakwa Hafez Ghanem Laura Tuck Vice President Vice President Vice President Vice President Development Finance Institutional Integrity East Asia and Pacific Middle East & North Africa Sustainable Development

Ousmane Diagana Arunma Oteh Vice President & Jan Walliser Cyril Muller Annette Dixon Vice President & WBG Chief Ethics Officer Vice President Vice President Vice President Treasurer WBG Ethics & Business Equitable Growth, Finance Treasury Europe and Central Asia South Asia Conduct and Institutions

Denis Robitaille Bernard Lauwers Vice President & Vice President & WBG CIO WBG Controller WBG Information and WBG Finance & Accounting Technology Solutions 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 2017 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, 2017. 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 2017 the overall Staff Retirement Plan (SRP) contribution rate is 29.99 percent as provided by Treasury. The World Bank Group pension contribution increased from 29.87 percent in fiscal 2016 to 29.99 percent in fiscal 2017. 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 29.53 percent for gross plan and 33.01 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, Roland K. Peters), the fiscal 2017 pension contribution is estimated at 29.53 percent. For the rest of management, who are in the net plan, the pension contribution is estimated at 33.01 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 11.13 percent, and separation grant of 1.33 percent for those not eligible). The historical average benefits, excluding pension, is 36.61 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 Pension Finance Committee considered and approved a revised funding methodology in December 2009, which became effective for SRP valuations as of January 1, 2010, and contribution calculations as of July 1, 2010. The revised funding method is projected to further stabilize the pattern of World Bank Group contributions, with the annual change in contribution rates expected to be approximately half that under the previous method over the longer term. The new funding policy is based on the SRP’s actuarial asset value on a smoothed average of the preceding five years; previously, the funding policy used a three-year average. Remuneration of Executive Management, Executive Directors, and Staff

To recruit and retain highly qualified staff, the World Bank Group 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 2.5 percent for fiscal 2017, effective July 1, 2016, 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, 2017:

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

Jim Yong Kim, President d 500,600 165,248 210,471 Sri Mulyani Indrawati, Managing Director and Chief Operating Officer e 416,500 137,487 100,565 Bertrand Badre, Special Adviser, EXC f 416,500 137,487 100,565 g Philippe H. Le Houerou, Chief Executive Officer IFC 411,000 121,368 181,437 g Kristalina I. Georgieva, Chief Executive Officer IBRD/IDA h 410,000 - 180,995 Anne-Marie Leroy, Senior Vice President and General Counsel i 402,110 132,737 97,090 Kaushik Basu, Sr Vice President & Chief Economist j 400,530 132,215 96,709 Keiko Honda, Executive Vice President and Chief Executive Officer MIGA 400,360 132,159 96,668 Joaquim Vieira Ferreira Levy, Managing Director and WBG Chief Financial Officer 400,000 132,040 96,581 Mahmoud Mohieldin, Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships 399,800 131,974 96,532 Roland K. Peters, Senior Vice President, Operations k 393,160 116,100 100,170 g Caroline Heider, Director General 393,010 129,733 94,893 Shaolin Yang, Managing Director and WBG Chief Administrative Officer 390,000 128,739 94,166 Paul M. Romer, Sr Vice President & Chief Economist l 390,000 128,739 94,166 Sandra Ngozi Okoro Hopkins, Senior Vice President and General Counsel m 375,000 123,788 90,544 Executive Directors n 256,770 n.a. n.a. Alternate Executive Directors n 222,120 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, 2016 through June 30, 2017. c. Other benefits include annual leave; medical, life, and disability insurance; accrued termination benefits; and other nonsalary benefits. Other benefits exclude tax allowances. d. Dr. Kim's WBG contribution to other benefits includes a supplemental allowance of $89,600 to cover expenses. As a U.S. citizen, Dr. Kim's salary is taxable and he receives a tax allowance to cover the estimated taxes on his salary and benefits. In addition to his pension, Dr. Kim receives a supplemental retirement benefit equal to 5 percent of annual salary. e. Ms. Indrawati retired from her position as Managing Director and Chief Operating Officer effective July 27, 2016. Her actual salary for the period July 1, 2016, to July 27, 2016 was $30,370. The WBG contributed approximately $10,025 to her pension and $7,333 to other benefit over the fiscal year. f. Mr. Badre retired from his position as Special Adviser, Office of the President, effective September 8, 2016. His actual salary for the period of July 1, 2016, to September 8, 2016 was $78,672. The WBG contributed approximately $25,970 to his pension and $18,996 to other benefit over the fiscal year. g. Pension benefits for these staff members are based on Staff Retirement Plan (SRP) provisions in effect prior to April 15, 1998. h. Ms. Georgieva’s appointment to Chief Executive Officer of IBRD/IDA was effective January 3, 2017. Her actual net of tax salary for January 3, 2017, through June 30, 2017 was $202,722. The WBG contributed $48,948 to other benefits over the fiscal year. Ms. Georgieva is a former Gross Plan retiree and she is not eligible to participate in the staff retirement plan. Ms. Georgieva received a scarce skills premium in the amount of $40,544 for the period of January 3, 2017, through June 30, 2017. i. Ms. Leroy retired from her position as Senior Vice President and General Counsel effective January 1, 2017. Her actual salary for the period July 1, 2016, to January 1, 2017 was $201,055. The WBG contributed approximately $66,368 to her pension and $48,545 to other benefit over the fiscal year. j. Mr. Basu retired from his position as Senior Vice President and Chief Economist effective October 1, 2016. His actual salary for the period July 1, 2016, through October 1, 2016 was $100,133. The WBG contributed approximately $33,054 and $24,177 to other benefit over the fiscal year. k. Mr. Peters retired from his position as Senior Vice President of Operations effective June 1, 2017. His actual salary for the period July 1, 2016, through June 1, 2017 was $360,397. The WBG contributed approximately $106,425 to his pension and $91,822 to other benefit over the fiscal year. l. Mr. Romer’s appointment to Senior Vice President and Chief Economist was effective September 26, 2016. His actual net of tax salary for September 26, 2016, through June 30, 2017 was $297,917. The WBG contributed $98,342 to his pension and $71,932 to other benefit over the fiscal year. m. Ms. Okoro joined as Senior Vice President and General Counsel effective February 1, 2017. Her actual salary for the period of February 1, 2017, through June 30, 2017 was $142,708. The WBG contributed $47,108 to her pension and $34,457 to other benefit over the fiscal year. Ms. Okoro is entitled to a recruitment bonus in the amount of $93,750, of which $62,500 was paid in this fiscal year. n. These figures do not apply to the U.S. Executive Director and Alternate Executive Director, who are subject to U.S. congressional salary caps.

As of June 30, 2017, the salary structure (net of tax) and annual average net salaries/benefits for World Bank Group staff were as follows:

Staff Salary Structure (Washington, DC)

Market Staff at Average Average Minimum reference Maximum grade salary/grade benefita Grades Representative job titles (US$) (US$) (US$) level (%) (US$) (US$) GA Office Assistant 26,300 37,600 48,900 0.03 38,000 21,078 GB Team Assistant, Information Technician 32,200 46,000 59,800 0.31 45,738 25,370 GC Program Assistant, Information Assistant 39,300 56,100 72,900 8.03 58,206 32,286 Senior Program Assistant, Information GD 46,500 66,400 86,300 7.06 71,825 39,840 Specialist, Budget Assistant GE Analyst 63,000 90,000 117,000 12.19 82,566 45,798 GF Professional 83,200 118,900 154,600 23.19 108,117 59,971 GG Senior Professional 110,700 158,200 205,700 30.59 149,923 83,160 GH Manager, Lead Professional 151,200 216,000 280,800 15.89 212,482 117,860 GI Director, Senior Advisor 229,900 287,400 344,900 2.17 281,686 156,246 GJ Vice President 276,900 325,800 374,700 0.42 349,688 193,965 Managing Director, Executive Vice GK 307,900 362,200 416,500 0.10 396,574 286,607 President Note: Because WBG staff, other than U.S. citizens, usually are not required to pay income taxes on their WBG compensation, the salaries are set on a net-of-tax basis. These salaries are generally equivalent to the after-tax take-home pay of the employees of the comparator organizations and firms from which WBG salaries are derived. Only a relative small minority of staff will reach the upper third of the salary range. a. Includes medical, life and disability insurance; accrued termination benefits; and other 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 Special Representative, Japan Country Director - Papua New Guinea & Tel: (202) 473-1000 The World Bank Group Pacific Islands Web: http://www.worldbank.org 10th Floor, Fukoku Seimei Building The World Bank Group 2-2-2 Uchisaiwai-cho, Chiyoda-ku, Level 19, 14 Martin Place New York Tokyo 100-0011 Japan Sydney NSW 2000, Australia Mr. Bjorn Erik Gillsater Tel: (81-3) 3597-6650 Tel: (61-2) 9235-6412 The World Bank Group Fax: (81-3) 3597-6695 Fax: (61-2) 9235-6593 1 Dag Hammarskjold Plaza E-mail: [email protected] E-mail: [email protected] 885 2nd Avenue, 26th Floor Web: http://www.worldbank.org/en/country/japan Web: http://www.worldbank.org/pi New York, N.Y. 10017, U.S.A. Tel: (212) 317-4720 * Afghanistan * Austria Fax: (212) 317-4733 Mr. Shubham Chaudhuri Ms. Linda Van Gelder E-mail: [email protected] The World Bank Group Country Director and Regional Coordinator for Street No. 15, House No. 19 Southeast Europe * 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 The World Bank Group Reichpietschufer 20 Fax: (355-4) 2240 590 90A Nizami Street 10785 Berlin, Germany E-mail: [email protected] The Landmark III, 5th Floor Tel: +49 (0)30 72614 250 Web: http://www.worldbank.org/al Baku, AZ1010, Azerbaijan E-mail: [email protected] Tel.: (994-12) 492 1941 Web: http://www.worldbank.org/en/country/germany Algeria Fax: (994-12) 492 6873 Mr. Demba Ba Web: http://www.worldbank.org/az Brussels The World Bank Group Mr. Massimiliano Paolucci 07, Chemin Macklay * Bangladesh The World Bank Group Ben Aknoun Mr. Qimiao Fan Avenue Marnix 17 Algiers, Algeria 16306 The World Bank 1000 Brussels, Belgium Tel: (213) 21 79 51 53 Plot E-32, Agargaon Tel: (32-2) 552 00 52 Fax: (213) 21 79 51 59 Sher-e-Bangla Nagar Fax: (32-2) 552 00 25 E-mail: [email protected] Dhaka 1207, Bangladesh E-mail: [email protected] Web: http://www.worldbank.org/dz (postal address: G.P.O. Box 97) Web: http://www.worldbank.org/eu Tel: (880-2) 5566-7777 Angola Fax: (880-2) 5566-7778 Geneva Ms. Clara Ana Coutinho De Sousa E-mail: [email protected] Mr. Jos Verbeek Banco Mundial Web: http://www.worldbank.org.bd The World Bank Largo Albano Machado 3 chemin Louis-Dunant N° 23/25, Maculusso Belarus Post Office Box 66 Luanda, Republica de Angola Mr. Alexander Kremer 1211 Geneva 20, Switzerland (postal address: Caixa Postal 1331) The World Bank Tel: (41-22) 748 1000 Tel: (244-222) 394-677 6 Rumyantseva Street Fax: (41-22) 748 1030 Fax: (244-222) 394-784 Minsk, 220034, Republic of Belarus E-mail: [email protected] E-mail: [email protected] Tel: (375-17) 359-1950 Web: http://www.worldbank.org/ao Fax: (375-17) 3559-1962 London E-mail: [email protected] Mr. Andrew J. Felton * Argentina Web: http://www.worldbank.org/by The World Bank Group Mr. Jesko S. Hentschel 12th Floor, Millbank Tower The World Bank Group * Belgium 21-24, Millbank Bouchard 547, 29th Floor Mr. Arup Banerji (ECCU5) London SW1P 4QP, England C1106ABG Buenos Aires, Argentina Europe and Central Asia Unit Tel: (44-20) 7592 8400 Tel: (54-11) 4316-9700 / 4316-0600 The World Bank Group Fax: (44-20) 7592 8420 Fax: (54-11) 4313-1233 Avenue Marnix 17 E-mail: [email protected] E-mail: [email protected] 1000 Brussels, Belgium Web: www.worldbank.org/unitedkingdom Web: http://bancomundial.org.arArmenia Tel: (32-2) 504 09 94 Ms. Sylvie Bossoutrot Fax: (32-2) 504 09 99 Rome The World Bank Group E-mail: [email protected] The World Bank 9 Grigor Lousavorich Street, 6th floor Web: http://www.worldbank.org/eu Via Labicana 110 Yerevan 0015, Armenia 00184 Rome, Italy Tel: (374-10) 520 992 Tel: (39-06) 77 71 01 Fax: (374-10) 521 787 Fax: (39-06) 70 96 046 E-mail: [email protected] Web: http://www.worldbank.org/europe 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 20, 2017. Offices of the World Bank

Benin Bulgaria Chile Ms. Katrina M. Sharkey Mr. Antony Thompson Mr. Gaston Mariano Blanco Banque Mondiale The World Bank Group The World Bank Group Route de l'Aeroport World Trade Center - Interpred Dag Hammarskjod 3241 Avenue Jean-Paul II 36 Dragan Tsankov Blvd., Block A, 5th Floor Vitacura, Santiago, Chile Face Hotel Marina ex-Sheraton 1057 Sofia, Bulgaria E-mail: [email protected] Cotonou, Bénin Tel: (359-2) 969 72 29 Tel: (562) 654-1065 (postal address: 03 B.P. 2112) Fax: (359-2) 971 20 45 Fax: (562) 654-1099 Tel: (229) 21 30 58 57 / 21 30 58 97 E-mail: [email protected] Fax: (229) 21 30 17 44 Web: http://www.worldbank/bg * China E-mail: [email protected] Mr. Bert Hofman Web: http://www.worldbank.org/bj Burkina Faso The World Bank Group Mr. Cheick Fantamady Kante 16th Floor, China World Office 2 Bhutan The World Bank Group No. 1 Jian Guo Men Wai Avenue Mr. Yoichiro Ishihara 179, Avenue du Président Saye Zerbo Beijing, 100004 The World Bank Group Zone de Ambassades, Koulouba People's Republic of China Bhutan Development Bank Ltd Building Ouagadougou 01, Burkina Faso Tel: (86-10) 5861-7600 Norzin Lam (postal address: BP 622) Fax: (86-10) 5861-7800 Chubachu Tel: (226) 25 49 6300 E-mail: [email protected] P.O. Box 244 Fax: (226) 25 49 6364 Web: http://www.worldbank.org/china Thimphu, Bhutan E-mail: [email protected] Tel: (975) 77 182 111 Web: http://www.worldbank.org/bf Colombia Fax: (975) 77 182 113 Mr. Issam A. Abousleiman E-mail: [email protected] Burundi The World Bank Group Mr. Nestor Coffi Carrera 7 No.71-21 Bolivia Banque Mondiale Torre A, piso 16 (WB) or Piso 14 (IFC) Mr. Nicola Pontara 03, Avenue de l’Aviation, Rohero 1 Apartado 10229 The World Bank Group Bujumbura, Burundi Bogota, Colombia Edificio Victor (WB) Piso 9/ (IFC) Piso 8 (postal address: B.P. 2637) Tel: (57-1) 326-3600 Calle Fernando Guachalla #342 – Sopocachi Tel: (257) 2220 6200, 2220 6221 Fax: (57-1) 326-3480 La Paz, Bolivia Fax: (257) 2222 6005 E-mail: [email protected] (postal address: Casilla 8692) E-mail: [email protected] Web: http://www.worldbank.org/co Tel: (591-2) 261-3300 Web: http://www.worldbank.org/bi Web: http://bancomundial.org/co Fax: (591-2) 261-3305 E-mail: [email protected] Cambodia * Congo, Democratic Republic of the Web: http://www.worldbank.org/bo Ms. Inguna Dobraja Mr. Ahmadou Moustapha Ndiaye The World Bank The World Bank Group Bosnia and Herzegovina 113 Norodom Boulevard Boulevard: Tshatshi, no. 49 Ms. Tatiana A. Proskuryakova Phnom Penh, Cambodia Kinshasa-Gombe The World Bank Tel: (855-23) 861300 Democratic Republic of the Congo UNITIC Tower B Fax: 861 301, 861 302 Tel: (243) 9999 49015 Fra Andjela Zvizdovica 1 E-mail: [email protected] E-mail: [email protected] 71000 Sarajevo Web: http//www.worldbank.org/kh Web: http://www.worldbank.org/cd Bosnia and Herzegovina Tel: (387-33) 251 500 * Cameroon Congo, Republic of Fax: (387-33) 226 945 Ms. Elisabeth Huybens Mr. Djibrilla Adamou Issa E-mail: [email protected] Banque Mondiale The World Bank Web: http://www.worldbank.org/ba rue 1. 792, No. 186 Immeuble BDEAC, 2ème étage Yaoundé, Cameroon Boulevard Denis Sassou Nguesso Botswana (postal address: B.P. 1128) P.O. Box 14536 Ms. Xavier Furtado Tel: (237) 22 20 38 15 Brazzaville, Republic of Congo The World Bank Fax: (237) 22 21 07 22 Tel: (242) 22281 33 30, 22281 46 38 Time Square E-mail: [email protected] Fax: (242) 22281 53 16 Plot 134 Web: http://www.worldbank.org/cm E-mail: [email protected] Independence Avenue Web: http://www.worldbank.org/cg Gaborone, Botswana Central African Republic Tel: (267) 310 5465 Mr. Robert Bou Jaoude * Côte d’Ivoire Fax: (267) 310 5456 The World Bank Group Mr. Pierre Frank Laporte E-mail: [email protected] Rue des Missions The World Bank Group (Postal address: P.O. Box 20976) Bangui, République Centrafricaine Cocody - Angle des rues Booker Washington and (postal address: B.P. 819) Jacques Aka * Brazil Tel: (236) 21 61 61 38 Abidjan, Côte d'Ivoire Mr. Martin Raiser Fax: (236) 21 61 60 87 (postal address: B.P. 1850) Banco Mundial E-mail: [email protected] Tel: (225) 22 40 04 00 Setor Comercial Norte Quadra 02 Web: http://www.worldbank.org/cf Fax: (225) 22 40 04 61 Lote A – Edificio E-mail: [email protected] Corporate Financial Center, 7o Andar Chad Web: http://www.worldbank.org/ci Brasilia, DF 70712-900, Brasil Mr. François Nankobogo Tel: (55-61) 3329-1000 The World Bank Group Croatia Fax: (55-61) 3329-1010 Intersection de la rue Hamit Hangata & Ms. Elisabetta Capannelli E-mail: [email protected] Avenue Idriss Miskine The World Bank Group Web: http://www.worldbank.org/br N'Djamena, Chad Radnička cesta 80/IX (postal address: B.P. 146) 10000 Zagreb, Croatia Tel: (235) 2252-3247, 2252-3360 Tel: (385-1) 2357-222 Fax: (235) 2252-4484 Fax: (385-1) 2357-200 E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/td Web: http://www.worldbank.org/hr ______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 20, 2017. Offices of the World Bank

Dominican Republic Fiji Guinea Mr. Alessandro Legrottaglie Mr. Siosaia T. Faletau Mr. Rachidi B. Radji The World Bank Group The World Bank Group The World Bank Group Av. Lope de Vega No. 29 Level 4, Ra Marama Building Immeuble de l’Archevêché Torre Novocentro, Piso 10 91 Gordon Street Face Baie des Anges Ensanche Naco Suva, Fiji Conakry, Guinée Santo Domingo, R.D. Tel: (679) 322-8900 (postal address: B.P. 1420) Tel: (809) 872-7300 Fax:(679) 331-8074 Tel: (224) 669 88 88 10/622 66 27 66 Fax: (809) 872-7307 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/pi Web: http://www.worldbank.org/gn Web: http://www.worldbank.org/en/country/dominicanrep France, Marseille Guinea-Bissau ublic Mr. Mourad Ezzine Ms. Kristina Svensson The World Bank The World Bank Group Djibouti, Republic of Center for Mediterranean Integration (CMI) Rua Rui Djassi, Prédio das Naçoes Unidas Mr. Atou Seck Villa Valmer Escrítório do Banco Mundial The World Bank Group 271 Corniche Kennedy Bissau, Guinea-Bissau Lot 155, Extension Heron 13007 Marseille, France Tel: (245) 95 5651448 Djibouti, Republic of Djibouti Tel: (33-4) 91 99 24 51 E-mail: [email protected] (postal address: P.O. Box 1612) Fax: (33-4) 91 99 24 79 Web: Tel: (253) 21 35 10 90 E-mail: [email protected] http://www.worldbank.org/en/country/guineabissa Fax: (253) 21 35 90 30 Web: http://www.cmimarseille.org u Mobile (253) 77 78 66 84 E-mail: [email protected] Gabon Guyana (Currently vacant) The World Bank Ecuador Banque Mondiale 87 Carmichael Street Mrs. Indu John-Abraham Immeuble Libreville Business Square (ex GML) South Cummingsburg Banco Mundial P.O. Box 4027 Georgetown, Guyana Calle 12 de Octubre 1830 y Cordero Libreville, Gabon Tel: (592) 223 5036 World Trade Center Tel: (241) 01 79 49 00 / 01 74 36 05 Fax: (592) 225 1384 Torre B, Piso 13 E-mail: (vacant) Web: http://www.worldbank.org/gy Quito, Ecuador Web: http://www.worldbank.org/ga Tel: (593-2) 294-3600 Haiti Fax: (593-2) 294-3601 Gambia, The Ms. Anabela Abreu E-mail: [email protected] The World Bank, Liaison Office Banque Mondiale Web: http://www.worldbank.org/ec UN House, 5 Kofi Annan Street 7, rue Ogé Cape Point, Bakau Pétion-Ville, Haiti * Egypt, Arab Republic of Kanifing Municipal Council (KMC) Tel: (509) 3798-0880 / 3798-0817 / 3798-0972 Mr. Asad Alam The Gambia E-mail: [email protected] The World Bank Tel: (220) 449 – 8089 / 449 – 8090 Web: http://www.worldbank.org/ht World Trade Center 1191 Fax: (220) 4497936 Corniche El-Nil Web: http://www.worldbank.org/en/country/gambia Honduras Cairo 11221, Arab Republic of Egypt Mr. Giorgio Valentini Tel: (20-2) 2574 1670 * Georgia The World Bank Group Fax: (20-2) 2574 1676 Ms. Mercy Miyang Tembon Edificio Corporativo 777, 9th Floor E-mail: [email protected] The World Bank Group Colonia Lomas del Guijarro Sur Web: http://www.worldbank.org/eg 5A, (WB) / 5B, (IFC) Tegucigalpa, Honduras Nino Ramishvili Street Tel: (504) 2264-0200 El Salvador Tbilisi, 0179 Georgia Fax: (504) 2239-4555 Mr. Fabrizio Zarcone Tel: (995-32) 291 3096 E-mail: [email protected] The World Bank Group Fax: (995-32) 291 3478 Web: http://www.worldbank.org/hn Calle El Mirador E-mail: [email protected] Edificio Torre Futura Nivel 9, Locales 904 & 905 Web: http://www.worldbank.org/ge * India Colonia Escalón, Mr. Junaid Kamal Ahmad San Salvador, El Salvador * Ghana The World Bank Tel: (503) 2526-5900 Mr. Henri G.R. Kerali 70 Lodi Estate Fax: (503) 2526-5936 The World Bank Group New Delhi 110 003, India E-mail: [email protected] Independence Avenue (postal address: P.O. Box 416, New Delhi 110 Web: http://www.worldbank.org/sv King Hassan Road, Plot # 3, Ridge 001) Accra, Ghana Tel: (91-11) 414 79301, 414 79302 * Ethiopia (postal address: P.O. Box M. 27) E-mail: [email protected] Ms. Carolyn Turk Tel: (233-302) 229681 / 220837 / 214100 Web: http://www.worldbank.org.in/ The World Bank Group Fax: (233-302) 227887 Africa Avenue (Bole Road) E-mail: [email protected] India, Chennai adjacent to Civil Service Ministry Web: http://www.worldbank.org/gh Mr. Sunil Kumar (Center Manager, WFACO) Kirkos Sub-City The World Bank Addis Ababa Ethiopia Guatemala Chennai – Shared Services Center (postal address: P.O. Box 5515) Ms. Homa-Zahra Fotouhi 11, Taramani Main Road Tel: (251-11) 517 60 00 The World Bank Group Taramani, Chennai - 600113 Fax: (251-11) 662 77 17 13 Calle 3-40 India E-mail: [email protected] Zona 10, Edificio Atlantis, Piso 14 Tel: (91-44) 2254 1001 Web: http://www.worldbank.org/et Guatemala City, Guatemala Fax: (91-44) 2254 1019 Tel: (502) 2329-8000 Fax: (502) 2329-8099 E-mail: [email protected] Web: http://www.worldbank.org/gt

* Indonesia Korea Liberia Mr. Rodrigo A. Chaves Mr. Darren Dorkin (Acting) Ms. Larisa Leshchenko The World Bank Group The World Bank The World Bank Group Indonesia Stock Exchange Building 37F, POSCO E&C Tower 2, German Embassy Compound Tower 2, 12th Floor (WB) and 9th Floor (IFC) 241, Incheon tower-daero Oldest Congo Town Sudirman Central Business District (SCBD) Yeonsu-gu, Incheon, Korea 406840 Monrovia, Liberia Jl. Jendral Sudirman Kav. 52-53 Tel: (82)-32-713-7000 Tel: (231-886) 606-967 / 48 Jakarta 12190, Indonesia Fax: (82) -32-713-7040. E-mail: [email protected] (postal address: P.O. Box 1324/JKT) E-mail: [email protected] Web: http://www.worldbank.org/lr Tel: (62-21) 5299-3000 Web: http://www.worldbank.org/korea Fax: (62-21) 5299-3111 Macedonia, FYR E-mail: [email protected] Kosovo Marco Mantovanelli Web: http://www.worldbank.org/id Mr. Marco Mantovanelli The World Bank The World Bank 34 Aminta Treti Street Iraq Rruga Prishtinë-Fushë Kosovë 1000 Skopje, FYR Macedonia Mr. Saroj Kumar Jha 10060 Pristina, Republic of Kosovo Tel: (389-2) 5515 230; 3117-159 The World Bank Tel. +381-38-224-454-1100 Fax:(389-2) 5515 240 British Embassy Premises Fax. +381-38-224-454-1334 Email: [email protected] Baghdad, Iraq E-mail: [email protected] Web: http://www.worldbank.org/mk (postal Address: Mailstop BGWWB Web: http://www.worldbank.org/kosovo 1818 H Street N.W. Washington DC, USA) Madagascar Tel: + 964-7901-833354 Kuwait Ms. Coralie Gevers E-mail: [email protected] Mr. Firas Raad The World Bank Group Web: http://www.worldbank.org/iq The World Bank Group Rue Andriamifidy L. Razafimanantsoa Al Shuhada Street. Al Hamra Business TowerFloor 3 Anosy (près du Ministère des Affaires Etrangères) Jamaica 2. Kuwait City, Kuwait Antananarivo 101, Madagascar Ms. Galina Y. Sotirova (postal address: P.O. Box 1015, Safat: 13010) (postal address: B. P. 4140) The World Bank Group Tel: (965) 2205 9130 Tel: (261-20) 225 6000 Courtleigh Corporate Centre, 3rd Floor Fax: (965) 2205 9191 Fax: (261-20) 223 3338 6 St. Lucia Avenue E-mail: [email protected] E-mail: [email protected] Kingston 5, Jamaica Web: http://www.worldbank.org/mna Web: http://www.worldbank.org/madagascar Tel: (876) 960-0459 Fax: (876) 960-0463 Kyrgyz Republic Malawi E-mail: [email protected] Ms. Bolormaa Amgaabazar Ms. Greg Toulmin Web: http://www.worldbank.org/jm The World Bank Group The World Bank 214, Moskovskaya Str., Mulanje House * Kazakhstan Bishkek 720010, Kyrgyz Republic Plot 13/57 Off Presidential Way, City Centre Ms. Lilia Burunciuc Tel: (996-312) 62 52 62 Lilongwe 3, Malawi The World Bank Group Fax: (996-312) 62 53 62 (postal address: P.O. Box 30557) Central Asia Regional Office E-mail: [email protected] Tel: (265-1) 770 611 41/A Kazybek bi Street, 4th Floor Web: http://www.worldbank.org/kg Fax: (265-1) 771 158 / 773 908 050010 Almaty, Republic of Kazakhstan E-mail: [email protected] Tel: (7-727) 377 - 8222 Lao People’s Democratic Republic Web: http://www.worldbank.org/mw Fax: (7-727) 377 - 8276 Mr. Jean-Christophe Carret E-mail: [email protected] The World Bank Malaysia Xieng Ngeun Village, Chao Fa Ngum Road Mr. Faris H. Hadad-Zervos Kazakhstan, Astana Vientiane, Lao PDR The World Bank Group Mr. Francis Ato Brown Tel: (856-21) 266200 Knowledge and Research Hub The World Bank Astana Office Fax: (856-21) 266299 Level 3, Sasana Kijang, No. 2 Jalan Dato Onn 12 Samal Microdistrict, 14th Floor E-mail: [email protected] 50480 Kuala Lumpur, Malaysia 010000 Astana, Republic of Kazakhstan Web: http://www.worldbank.org/lao Tel: (603) 2263-4901 Tel: (7-7172) 691-451 Fax: (603) 2263-4949 Fax: (7-7172) 580 –342 * Lebanon Email: [email protected] E-mail: [email protected] Mr. Saroj Kumar Jha Website: www.worldbank.org/malaysia The World Bank Group * Kenya Bourie House 119 Maldives Ms. Diarietou Gaye Abdallah Bayhum Street Ms. Idah Pswarayi-Riddihough (Sri Lanka) The World Bank Marffaa, Solidere The World Bank Delta Center P.O. Box 11-8577 4th Floor, Majeedhee Building Menengai Road, Upper Hill Beirut, Lebanon Boduthakurufaanu Magu Nairobi, Kenya Tel: (961-1) 962 900 Male', Republic of Maldives (postal address: P.O. Box 30577-00100) E-mail: [email protected] Tel: (960) 334 1910 Tel: (254-20) 293 6000 / 293 6442 Web: http://www.worldbank.org/lb Fax: (960) 334 1911 Fax: (254-20) 293 6380 / 2 E-Mail: [email protected] E-mail: [email protected] Lesotho Web: http://www.worldbank.org/maldives Web: http://www.worldbank.org/ke Ms. Janet K. Entwistle The World Bank Liaison Office * Mali Kiribati UN House, 13 United Nations Road Ms. Soukeyna Kane Ms. Akka Rimon Maseru, Lesotho Banque mondiale The World Bank - ADB Liaison Office (postal address: P.O Box 015, Maseru West 105) Immeuble Waly Diawara, c/- KAP Office Tel: (266) 22 21 7000 Hamdallaye ACI – 2000 Bairiki, Tarawa, Kiribati Fax: (266) 22 21 7034 Avenue du Mali (postal address: P.O. Box 13) E-mail: [email protected] Bamako, Mali Tel: (686) 22040 / 22041 Web: http://www.worldbank.org/ls (postal address: B. P. 1864) Email : [email protected] Tel: (223) 20 70 22 00 Web: http://www.worldbank.org/pi E-mail: [email protected] Web: http://www.worldbank.org/en/country/mali ______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 20, 2017. Offices of the World Bank

Mauritania * Mozambique * Pakistan Mr. Laurent Msellati Mr. Mark R. Lundell Mr. Patchamuthu Illangovan Banque Mondiale The World Bank Group The World Bank Group Villa No. 30, Lot A, Quartier Socogim, Boite Postale Avenue Kenneth Kaunda, 1224 20 A Shahrah-e-Jamhuriyat 667 Maputo, Mozambique Sector G-5/1, Islamabad, Pakistan Nouakchott, Mauritanie (postal address: Caixa Postal 4053) (WB postal address: P.O. Box 1025) Tel: (222) 45-24-11-01 Tel: (258-21) 482 300 (IFC postal address: Post Bag 3033) Fax: (222) 25-13-34 Fax: (258-21) 492 893 Tel: (92-51) 227 9641-6 E-mail: [email protected] E-mail: [email protected] Fax: (92-51) 227 9648 / 9 Web: http://www.worldbank.org/mauritania Web: http://www.worldbank.org/mz E-mail: [email protected] Web: http://www.worldbank.org.pk Mauritius Myanmar Mr. Alexis Sienaert Ms. Ellen Goldstein Panama The World Bank Liaison Office The World Bank Group Ms. Yaye Seynabou Sakho 3rd Floor Médine Mews No.57, Pyay Road, The World Bank Chaussée Street Corner of Shwe Hinthar Street Avenida Aquilino De La Guardia y calle 47 Port-Louis, Mauritius 6 ½ miles, Hlaing Township Marbella Tel: (230) 203 2500 Yangon, Myanmar Edificio Ocean Business Plaza Fax: (230) 208 0502 Tel: (95-1) 654-824 Piso 21, Oficina 2111 E-mail: [email protected] Fax: (95-1) 654-825 Panamá City, Panamá Web: http://www.worldbank.org/mauritius E-mail: [email protected] Tel: (507) 831-2000 Web: http://www.worldbank.org/myanmar Fax: (507) 831-2011 * Mexico E-mail: [email protected] Mr. Gerardo M. Corrochano Nepal Web: http://www.worldbank.org/panama Banco Mundial Mr. Takuya Kamata Insurgentes Sur 1605, Piso 24 The World Bank Group Papua New Guinea San Jose Insurgentes Yak & Yeti Hotel Complex Ms. Patricia Veevers-Carter 03900 Mexico, D. F., Mexico Durbar Marg The World Bank Group Tel: (52-55) 5480-4200 Kathmandu, Nepal Level 13, Deloitte Tower Fax: (52-55) 5480-4222 (postal address: P.O. Box 798) Port Moresby, National Capital District E-mail: [email protected] Tel: (977-1) 4236000 Papua New Guinea Web: http://www.worldbank.org/mx Fax: (977-1) 4225112 (postal address: P.O. Box 1877) E-mail: [email protected] Tel: (675) 321-7111 Moldova Web: http://www.worldbank.org/np Fax: (675) 321-7730 Ms. Anna Akhalkatsi E-mail: [email protected] The World Bank Nicaragua Web: http://www.worldbank.org/pg 20/1, Pushkin St. MD-2012 Mr. Luis F. Constantino Chisinau, Republic of Moldova The World Bank Group Paraguay Tel: (373-22) 262 245 Plaza Santo Domingo Ms. Celia Ortega Sotes Fax: (373-22) 262 236 Kilómetro 6.5 Carretera a Masaya Banco Mundial E-mail: [email protected] Edificio Cobirsa, Quinto Piso Av. España 2028 c/ Av. Brasilia 5o. Piso Web: http://www.worldbank.org/md Managua, Nicaragua Edificio Urano Tel: (505) 2270-0000 Asunción, Paraguay Mongolia Fax: (505) 2270-0077 Tel: (595-21) 218-1000 Mr. James Anderson E-mail: [email protected] Fax: (595-21) 218-1229 The World Bank Group Web: http://www.worldbank.org/ni E-mail: [email protected] MCS Plaza Building (WB 5th Floor/IFC 4th Floor) Web: http://www.worldbank.org/py 4 Seoul Street Niger 14250 Ulaanbaatar, Mongolia Mr. Siaka Bakayoko * Peru Tel: (976) 7007-8200 Banque mondiale Mr. Alberto Rodriguez Fax: (976) 7007-8215 187, rue des Dallols The World Bank Group E-mail: [email protected] B. P. 12402 Av. Alvarez Calderón 185, Piso 7 Web: http://www.worldbank.org/mn Niamey, Niger San Isidro Tel: (227) 20 72 75 04 Lima 27, Peru Montenegro Fax: (227) 20 72 55 06 Tel: (511) 622-2300 Ms. Tatiana A. Proskuryakova E-mail: [email protected] Fax: (511) 421-7241 The World Bank Web: http://www.worldbank.org/en/country/niger E-mail: [email protected] Bulevar Svetog Petra Cetinjskog 6 Web: http://www.worldbank.org/pe 81000 Podgorica * Nigeria Montenegro Mr. Rachid Benmessaoud * Philippines Tel: (382-20) 665 353 The World Bank Ms. Mara K. Warwick Fax: (387-33) 403 295 102, Yakubu Gowon Crescent The World Bank Group E-mail: [email protected] Opposite ECOWAS Secretariat 26th Floor, One Global Place Web: http://www.worldbank.org.me/ Asokoro District 5th Avenue corner 25th Street Abuja, Nigeria Bonifacio Global City * Morocco (postal address: P.O. Box 2826, Garki) Taguig City, Philippines Ms. Marie Francoise Marie-Nelly Tel: (234) 8058205408; 8058205422 Tel: (63-2) 465-2500 The World Bank Group Tel : (234) 7035830641-44; 7089996090-1 Fax: (63-2) 465-2505 7, rue Larbi Ben Abdellah Fax: (234-9) 314-526 E-mail: [email protected] Rabat-Souissi, Morocco E-mail: [email protected] Web: http://www.worldbank.org.ph Tel: (212-537) 63.60.50 Web: http://www.worldbank.org/ng Fax: (212-537) 63.60.51 E-mail: [email protected] Web: http://www.worldbank.org/ma

Poland Serbia, Republic of * Sri Lanka Mr. Carlos Piñerúa Mr. Stephen Ndegwa Ms. Idah Pswarayi-Riddihough The World Bank Group The World Bank Group The World Bank 53, Emilii Plater St. Bulevar Kralja Aleksandra 86-90 1st Floor, DFCC Building, 73/5, Galle Road Warsaw Financial Center, 9th Floor 11000 Belgrade, Republic of Serbia Colombo 3, Sri Lanka 00-113 Warsaw, Poland Tel: (381-11) 3023-700 (postal address: P.O. Box 1761) Tel: (48-22) 520 8000 Fax: (381-11) 3023-732 Tel: (94-11) 2448070/1 Fax: (48-22) 520 8001 E-mail: [email protected] Fax: (94-11) 2440357 E-mail: [email protected] Web: http://www.worldbank/rs E-Mail: [email protected] Web: http:/www.worldbank.org/pl/ Web: http://www.worldbank.org/srilanka Sierra Leone Romania Mr. Parminder P. S. Brar Sudan, Khartoum Ms. Tatiana Proskuryakova The World Bank Group Mr. Adama Coulibaly The World Bank Group 17 Spur Road The World Bank UTI Building, 6th floor Freetown, Sierra Leone Plot 39, Street 39, Khartoum East (II) 31 Vasile Lascar Street, Sector 2 Tel: (232-22) 227555 Khartoum, Sudan Bucharest, Romania 020492 Tel: (232-76) 806467, 806468 (postal address: P.O. 229, 11111) Tel: (40-21) 201-0311 Fax: (232-22) 228555 Tel: (249) 156 553 000 Fax: (40-21) 201-0338 E-mail: [email protected] Fax: (249)156 553 064 E-mail: [email protected] Web: http://www.worldbank.org/sl E-mail: [email protected] Web: http://www.worldbank.org/romania Web: http://www.worldbank.org/sd * Singapore * Russian Federation Ms. Fatouma Toure Ibrahima Wane (Acting) Tajikistan Mr. Andras Horvai The World Bank Group Mr. Jan-Peter Olters The World Bank Group Marina Bay Financial Centre, Tower 2, #34-02 The World Bank Group 36/1 Bolshaya Molchanovka st., 10 Marina Boulevard 48, Ayni Str. 121069 Moscow, Russia Singapore 018983 Business Center "Sozidanie", block A, Tel: (7-495) 745-70-00 Tel: (65) 6517-1240 3rd Floor Fax: (7-495) 745-70-02 Fax: (65) 6517 1244 734024, Dushanbe, Tajikistan E-mail: [email protected] E-mail: [email protected] Tel: (992-48) 701 58 00/10 Web: http://www.worldbank.org/ru Web: http://www.worldbank.org/sg Fax: (992-48) 701 58 37 E-mail: [email protected] Rwanda Solomon Islands Web: http://www.worldbank.org/tajikistan Mr. Yasser Aabdel-Aleem Awny El-Gammal Mr. Guido Rurangwa The World Bank Group The World Bank Group * Tanzania Blvd. de la Révolution Mud Alley Ms. Bella Bird SORAS Building Honiara, Solomon Islands The World Bank Kigali, Rwanda (postal address: GPO Box 1744) 50 Mirambo Street (postal address: P.O. Box 609) Tel: (677) 21444 Dar-es-Salaam, Tanzania Tel: (250) 252 591 300 Fax: (677) 21448 (postal address: P.O. Box 2054) Fax: (250) 252 591 385 E-mail: [email protected] Tel: (255-22) 2163200 E-mail: [email protected] Web: http://www.worldbank.org/pi Fax: (255-22) 2113039, 2163295 Web: http://www.worldbank.org/rw E-mail: [email protected]

Somalia Web: www.worldbank.org/tanzania Samoa Mr. Hugh Riddell Ms. Maeva Betham-Va’ai World Bank Liaison Office The World Bank Liaison Office * Thailand c/o The World Bank Group Mr. Ulrich Zachau Level 7, Central Bank Building Delta Center, Menengai Road, Upper Hill The World Bank Group Beach Road Nairobi, Kenya 30th Floor, Siam Tower Apia, Samoa (Postal Address: P.O. Box 30577-00100) 989 Rama 1 Road, Pathumwan (postal address: PO Box 3999) Tel: (254-20) 293-6061 Bangkok 10330, Thailand Tel: (685) 24492 / 34340 Fax: (254-20) 322 6382 Tel: (66-2) 686-8300 Fax: (685) 24228 Fax: (66-2) 686-8301 E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/pi * South Africa, Pretoria Mr. Paul Noumba Um Web: http://www.worldbank.or.th * Saudi Arabia The World Bank Mr. Nadir Mohammed 442 Rodericks Road Timor-Leste The World Bank Group Corner Lynnwood and Rodericks Roads, 0081 Mr. Macmillan Ikemefule Anyanwu 1st Floor, UNDP Building, Diplomatic Quarter Pretoria, South Africa The World Bank Group Riyadh, Saudi Arabia (postal address: P.O. Box 12629, Avenida dos Direitos Humanos (postal address: P.O. Box 5900, Hatfield 0028, Pretoria) Dili, Timor-Leste Riyadh 11432, Saudi Arabia) Tel: (27-12) 742 3100 Tel: (670) 332-4649 / 332-4648 Tel: (966-1) 483-4956 Fax: (27-12) 742 3134 Fax: (670) 332-1178 Fax: (966-1) 488-5311 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/za Web: http://www.worldbank.org/tl Web: http://www.worldbank.org/sa South Sudan, Juba Togo * Senegal Mr. Sahr John Kpundeh Ms. Joelle Dehasse Ms. Louise J. Cord The World Bank Group Banque Mondiale Bureau de la Banque mondiale Ministries Complex Cité de l'OUA Corniche Ouest X Rue Leon Gontran Damas CPA Road, Adjacent to Ministry of Health (entre la Résidence Ambassadeur du Ghana et la BP 3296 Juba, South Sudan Primature) Dakar, Senegal Tel: (+211)922206642/43/44 Lomé, Togo Tel: (221) 33-859-4100 E-mail: [email protected] (postal address: Boite Postale 3915) Fax: (221) 33-859-4283 Web:http://www.worldbank.org/en/country/southsuda Tel: 22 53 67 00 E-mail: [email protected] n E-mail: [email protected] Web: http://www.worldbank.org/senegal Web: http://www.worldbank.org/tg ______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 20, 2017. Offices of the World Bank

Tonga Uzbekistan Zimbabwe Mr. Tatafu Moeaki Mr. Hideki Mori Ms. Rosemary Mukami Kariuki The World Bank – ADB Liaison Office The World Bank Group The World Bank Lvl 1 Royco Building International Business Center, 15th floor Block 3, Arundel Business Park Fatafehi RoadNuku'alofa, Tonga 107 B, Amir Timur Street 107 Norfolk Road, Mount Pleasant (postal address: P.O. Box 87) Tashkent 100084, Uzbekistan Harare, Zimbabwe Tel: (676) 28 290 Tel: (998-71) 120 2400 (postal address: P.O. Box 2960) Fax: (676) 28 735 Fax: (998-71) 120 2401/02 Tel: (263-4) 7633-3200 Email : [email protected] E-mail: [email protected] Fax: (263-4) 7633-3265 Web: http://www.worldbank.org/pi Web: http://www.worldbank.org/uz E-mail: [email protected] Web: http://www.worldbank.org.zw/ Tunisia Vanuatu Mr. Antonius Verheijen Ms. Leisande Otto Bureau de la Banque mondiale The World Bank Group - ADB Liaison Office Immeuble Zahrabed -- BAD Level 5, Reserve Bank Building Jardins du Lac - Tunis Rue Emile Mercet BP 323 Port Vila, Vanuatu 1002 Tunis Belvédère, Tunisia (postal address: P.O. Box 3221) Tel: (216-71) 19 44 68 Tel: (678) 25581 Fax: (216-71) 19 44 75 Fax: (678) 22636 E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/tn Web: http://www.worldbank.org/pi

* Turkey * Vietnam Mr. Johannes C.M. Zutt Mr. Ousmane Dione The World Bank The World Bank Group Ugur Mumcu Caddesi No.88, Kat: 2 63 Ly Thai To (WB: 8th Floor / IFC: 3rd Floor) 06700 Gaziosmanpasa Hoan Kiem District Ankara, Turkey Hanoi, Vietnam Tel: (90-312) 459 83 00 Tel: (84-4) 3934-6600 Fax: (90-312) 446 24 42 Fax: (84-4) 3935-0752 / 3 E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/tr Web: http://www.worldbank.org/vietnam

Turkmenistan * West Bank and Gaza Mr. Jan-Peter Olters Ms. Marina Wes The World Bank Liaison Office The World Bank Group Yimpash Business Center, Office 803, P.O. Box.54842 Turkmenbashi Avenue, 54 Jerusalem, 97200 Ashgabat 744000, Turkmenistan Tel: (972-2) 236 6500 Tel: (993-12) 45 14 75 Fax: (972-2) 236 6543 E-mail: [email protected] Gaza Tel: (972-8) 282 3422 Web: http://www.worldbank.org/tm Gaza Fax: (972-8) 282 4296 E-mail: [email protected] Uganda Web: http://www.worldbank.org/ps Ms. Christina Malmberg Calvo The World Bank Group Yemen, Republic of Plot 1, Lumumba Avenue Ms. Sandra Bloemenkamp Rwenzori House, 4th Floor The World Bank Group Kampala, Uganda Faj Attan, off Beirut Street (postal address: P.O. Box 4463) Sana'a, Republic of Yemen Tel: (256-414) 230-094 (postal address: P.O. Box 18152) Tel: (256-312) 221-416 / 7 Tel: (967-1) 413 708 / 413 710 Fax: (256-414) 230-092 Fax: (967-1) 413 709 E-mail: [email protected] E-mail: [email protected] Web: http://www.worldbank.org/uganda Zambia * Ukraine Ms. Ina-Marlene E. Ruthenberg Ms. Satu Kristiina J. Kahkonen The World Bank The World Bank BancABC House 1, Dniprovsky Uzviz Plot #746 Church Road Kyiv 01010, Ukraine P.O. Box 35410 Tel: (380-44) 490 6671 Lusaka, Zambia Fax: (380-44) 490 6670 Tel: (260-21) 137-3200 E-mail: [email protected] Fax: (260-21) 137-3248 Web: http://www.worldbank.org/ua E-mail: [email protected] Web: http://www.worldbank.org/zm Uruguay Ms. Matilde Bordon The World Bank Buenos Aires 570, 3rd Floor CP11000, Montevideo, Uruguay Tel: (598) 2916-9400 Fax: (598) 2916-9400 ext. 3701 E-mail: [email protected] Web: http://www.worldbank.org/uy

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 Member Date of membership

Costa Rica January 8, 1946 Côte d'Ivoire March 11, 1963 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 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 Member Date of membership

Jamaica February 21, 1963 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 Macedonia, FYR 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 Member Date of membership

Nicaragua March 14, 1946 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 Swaziland September 22, 1969 Member Date of membership

Sweden August 31, 1951 Switzerland May 29, 1992 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, 2017

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 Member Date of membership

Denmark November 30, 1960 Djibouti October 2, 1980 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 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 Member Date of membership

Korea, Rep. May 18, 1961 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 Macedonia, FYR 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 Member Date of membership

Paraguay February 10, 1961 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 Swaziland September 22, 1969 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 Member Date of membership

Uganda September 27, 1963 Ukraine May 27, 2004 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, 2017 U.S. dollars

A. IBRD onlya

Category iv (per capita income over $7,025) Trinidad and Tobago 18,600 Mexico 9,710 Uruguay 15,720 Mauritius 9,610 St. Kitts and Nevis 15,550 Romania 9,500 Seychelles 14,760 Suriname 9,300 Chile 14,060 Gabon 9,210 Antigua and Barbuda 13,390 Lebanonb 7,930 Poland 13,370 China 7,820 Croatia 12,690 Equatorial Guinea 7,790 Palau 12,180 Turkmenistan 7,510 Panama 12,050 Montenegro 7,240 Kazakhstan 11,580 Bulgaria 7,220 Russian Federationc 11,400 Colombia 7,130 Malaysia 15,570 Argentinad n.a. Costa Rica 10,210 Venezuela, RB n.a. Turkey 9,950 Nauru n.a. Brazil 9,850

Category iii ($1,1855–$7,025) Azerbaijan 6,560 Belize 4,420 Botswana 6,510 Albania 4,290 Belarus 6,460 Paraguay 4,220 Peru 6,200 Angola 4,180 Dominican Republic 6,130 Georgia 4,160 South Africa 6,050 Tunisia 3,970 Libya 6,030 El Salvador 3,940 Ecuador 6,010 Armenia 3,880 Thailand 5,620 Guatemala 3,590 Iraqb 5,550 Philippines 3,540 Serbia 5,500 Indonesia 3,440 Namibia 5,210 Egypt, Arab Rep. 3,340 Macedonia, FYR 5,140 Swaziland 3,230 Jamaica 5,010 Morocco 3,030 Algeria 4,870 Ukrainec 2,620 Fiji 4,800 Indiae 1,590 Bosnia and Herzegovina 4,680 Iran, Islamic Rep. n.a. Jordanb 4,680

B. Blendf

Category iv (per capita income over $7,025) Grenadag 8,430 St. Luciag 7,390

Category iii ($1,185–$7,025) Dominicag 6,760 Moldova 2,220 St. Vincent and the Grenadinesg 6,660 Uzbekistan 2,150 Mongolia 3,830 Vietnam 1,980 Sri Lanka 3,800 Timor-Leste 1,920 Cabo Verdeg 3,290 Pakistan 1,440 Bolivia 3,080 Cameroon 1,330 Nigeria 2,820 Papua New Guinea n.a. Congo, Rep. 2,540

Category i ($1,025 or less) h Zimbabwe 850

C. IDAf

Category iii ($1,185–$7,025) Maldivesg 6,670 Tajikistan 1,240 Guyana 4,090 Bangladesh 1,190 Kosovo 3,950 Djibouti n.a. Samoag 3,930 Lesotho n.a. Kiribatig 3,230 Marshall Islandsg n.a. Bhutan 2,370 Mauritania n.a. Honduras 2,270 Micronesia, Fed. Sts.g n.a. Nicaragua 1,940 Myanmar n.a. Solomon Islandsg 1,940 São Tomé and Príncipeg n.a. Sudanh 1,840 Syrian Arab Republich,b n.a. Lao PDR 1,730 Tongag n.a. Zambia 1,490 Tuvalug n.a. Ghana 1,480 Vanuatug n.a. Côte d'Ivoire 1,410 Yemen, Rep. n.a. Kenya 1,340

Category ii ($1,185 or less) Kyrgyz Republic 1,170 Cambodia 1,070

Category i ($1,025 or less) Senegal 1,000 Mozambique 580 Tanzania 910 Togo 540 Chad 880 Guinea 470 Benin 860 Madagascar 420 Haiti 820 Congo, Dem. Rep. 410 Mali 790 Niger 390 South Sudan 790 Liberia 380 Nepal 730 Malawi 350 Rwanda 700 Central African Republic 320 Uganda 670 Burundi 260 Burkina Faso 660 Comoros n.a. Afghanistan 630 Eritreah n.a. Sierra Leone 630 Gambia, The n.a. Ethiopia 590 Somaliah n.a. Guinea-Bissau 590

Note: n.a. = not applicable—estimates are available in ranges only. Changes during previous fiscal year: Solomon Islands has been granted the small island exception, effective in fiscal 2017, as it meets the criteria established by the 1985 decision for granting exceptions to small island countries, which is discussed in Board document IDA/R85-134, Terms of Lending to Small Island Economies Graduating from IDA. Syrian Arab Republic was reclassified from IBRD to IDA-only, effective September 29, 2016. a. World Bank Atlas methodology; 2015 per capita GNI (gross national income, formerly gross national product [GNP]) figures are in U.S. dollars. b. From fiscal 2017, refugees are included in population estimates of host countries. c. 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. d. Data will be calculated once ongoing revisions to official statistics reported by the National Statistics and Censuses Institute of Argentina have been finalized. e. During IDA17, India will receive exceptional transitional support from IDA. f. Countries are eligible for IDA on the basis of (a) relative poverty and (b) lack of creditworthiness. The operational cutoff for IDA eligibility for fiscal 2017 is a 2015 GNI per capita of US$1,185, using Atlas methodology. To receive IDA resources, countries must also meet tests of performance. An exception has been made for small island economies. In exceptional circumstances, IDA extends eligibility temporarily to countries that are above the operational cutoff and are undertaking major adjustment efforts but are not creditworthy for IBRD lending. g. The country represents a small island economy exception and receives financing on IDA terms. h. Loans/credits are in nonaccrual status as of July 1, 2016. General information on countries with loans/credits in nonaccrual status is available from the Credit Risk Department in Finance Partners.

World Bank Expenditures by Organizational Unit l Fiscal 2013–17 millions of dollars Actuals a By organizational unit 2013 2014 2015 2016 2017 Operational units b 1,452.3 1,492.4 1,424.9 1,366.9 1,419.0 of which Regional Programs n.a. n.a. 401.9 378.5 390.5 Global Practices and Cross-Cutting Solutions Areas n.a. n.a. 1,023.1 988.4 1,028.5 Institutional services c 421.4 435.9 458.7 466.4 421.4 of which Treasury 73.3 75.1 72.5 77.7 73.8 Budget, Performance, and Strategy d 19.4 21.1 74.2 75.4 64.1 Development Economics and Chief Economist 61.8 66.1 61.4 60.5 59.4 Operations Policy and Country Services 45.2 42.8 38.3 42.3 56.9 Governance services e 194.4 190.1 181.6 189.1 206.3 of which Boards and Corporate Secretariat 96.8 92.7 87.8 91.7 92.6 Administrative services f 414.0 467.8 527.9 520.6 544.2 Centrally-managed accounts and programs g 289.8 300.6 330.9 353.2 345.2 Grant-making facilities 153.1 159.8 109.2 66.4 44.6 Total gross administrative budget 2,925.1 3,046.5 3,033.2 2,962.7 2,980.7 Reimbursements, fees, others (430.1) (489.3) (507.2) (492.9) (484.9) Total administrative budget 2,495.0 2,557.2 2,526.0 2,469.8 2,495.8

Note: n.a. = not applicable. a. The figures reported in this table reflect the work program mapping as at the end of fiscal 2017, and will not always match the figures published in the previous reports due to many organizational changes that happened during previous years. Additionally, these figures represent actuals as per Budget Accounting, and may differ from figures presented for Financial Accounting and external reporting purposes due to US GAAP and other financial reporting requirements. b. Includes the Regions, Global Practices, and Cross-Cutting Solutions Areas (including the Climate Change Group Vice Presidency) c. Includes Budget, Performance Review, and Strategic Planning; Chief Risk Officer; Development Economics; Development Finance; External and Corporate Relations; Global Environment Facility; International Centre for Settlement of Investment Disputes; Leadership, Learning, and Innovation; Legal; Operations Policy and Country Services; Treasury; and WBG Finance and Accounting. Budget levels of the top four service units in fiscal 2017 are broken out. d. The Budget, Performance, and Strategy (BPS) unit underwent extensive reorganization in fiscal 2015 when Resource Management staff in units merged with BPS. Fiscal years 2013–14 expenses for BPS are therefore not comparable with other years. e. Includes the Board; Corporate Secretariat; Independent Evaluation Group; Institutional Integrity Vice Presidency; Internal Audit Vice Presidency; MDG; Office of the President; and Justice and Conduct Services (including Conflict Resolution System, Administrative Tribunal, Office of Ethics and Business Conduct, Office of Evaluation and Suspension, and Sanctions Board Secretariat) f. Includes General Services Department, Human Resources, and Information and Technology Solutions. g. Includes non-unit accounts that are centrally manged. For example, Budget Recoveries; Deprecation; Staff Separation Fund; Centrally-Managed Overhead and Benefits; Institutional Programs; HQ Real Estate; Reimbursables; Corporate Contingency; Expenditure Review–related programs; and Budget Returns. Contributions: Top-10 Trust Fund Donors | Fiscal 2017 millions of dollars

Donor 2017 2016

United Kingdom 2,276 1,122 United States 2,133 3,043 The Asian Infrastructure Investment Bank (AIIB) 1,165 2,000 GFATM Secretariat 970 14 Germany 688 686 Sweden 551 335 European Commission (European Union) 539 371 Japan 470 527 Norway 464 394 France 432 432 Others 2,436 2,561

Total 12,123 11,486

Note: - = not available. Contributions to the International Centre for Settlement of Investment Disputes escrow accounts are excluded. Comparative figures for fiscal 2016 are provided for the top-10 donors for fiscal 2017. Previous-year figures have been reclassified where necessary.

Annual Report 2017

World Bank Lending (Fiscal 2017)

WORLD BANK LENDING Fiscal 2017

Annual Report 2017 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 is committed to reducing poverty, increasing shared prosperity, and promoting sustainable development.

In fiscal 2017, IBRD, IDA, IFC, and MIGA collectively provided nearly $59 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 2017 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.

Owned by its 189 member countries, the World Bank is a global development cooperative. It is the largest development bank in the world, and it provides financing, knowledge, and convening services to help client countries address their most important development challenges.

The World Bank is solutions-oriented, focused on clients, accountable for quality results, and dedicated to financial integrity and cost-effectiveness. It is committed to improving the lives of roughly a billion people now living in extreme poverty.

2 World Bank Lending │ Fiscal 2017 The International Bank for Reconstruction The International Development and Development (IBRD) Association (IDA)

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

Fiscal 2017 commitments Fiscal 2017 commitments $22.6 billion for $19.5 billion for 133 approved operations 261 approved operations

Cumulative lending (since 1945) Cumulative lending (since 1960) $681.3 billion $345.5 billion

3 World Bank Lending │ Fiscal 2017 IBRD and IDA Board of Executive Directors and Alternates as of June 30, 2017 Dr. Jim Yong Kim President of the World Bank Group and Chairman of the Board of Executive Directors Executive Directors Alternates Khalid Alkhudairy Turki Dhaifallah Almutairi Jason Allford Hoe Jeong Kim Seydou Bouda Jean-Claude Tchatchouang Omar Bougara Nasir Mahmood Khosa Andrew Bvumbe Anne Kabagambe Otaviano Canuto Diana Quintero Hervé de Villeroché Benoit Paul Eleuthere Catzaras Subhash Garg Muhammad Musharraf Hossain Bhuiyan Franciscus Godts Guenther Schoenleitner Werner Gruber Paulina Gomulak Andin Hadiyanto Pornwasa Sirinupongs Merza Hasan Ragui El-Etreby Frank Heemskerk Claudiu Doltu Christine Hogan Peteranne Tamara Donaldson Fernando Jiménez Latorre Rodrigo Carriedo Haro Kazuhiko Koguchi Daiho Fujii Bongi Kunene Haruna Mohammed Andrei Lushin Eugene B. Miagkov Karen Mathiasen (Vacant) Patrizio Pagano Nuno Mota Pinto Melanie Robinson Clare Roberts Maximo Torero Daniel Pierini Susan Anette Ulbaek Martin Poder Yingming Yang Minwen Zhang Juergen Zattler Claus Michael Happe

4 World Bank Lending │ Fiscal 2017 Fiscal Year Summary

In fiscal 2017, the World Bank (IBRD/IDA) committed $42.1 billion to partner countries, distributed in credits, loans, grants, and guarantees.

5 World Bank Lending │ Fiscal 2017 Fiscal Year Summary

In fiscal 2017, IBRD committed $22.6 billion for 133 new operations. IDA committed $19.5 billion for 261 new operations.

6 World Bank Lending │ Fiscal 2017 Fiscal Year Summary IBRD’s commitments of $22.6 billion reflect the institution’s careful attention to ensure continued strong capital adequacy ratios and prudent financial management into the future while responding to client countries’ most pressing development challenges.

7 World Bank Lending │ Fiscal 2017 Fiscal Year Summary IDA commitments of $19.5 billion reflect strong demand for financing, as well as IDA’s efforts to better leverage resources and expand financing options for borrowing countries. These commitments included $16.2 billion in credits, $3.2 billion in grants, and $50 million in guarantees.

8 World Bank Lending │ Fiscal 2017 Note:

As of fiscal year 2017, new sector and theme categories have replaced the previous taxonomy as part of an internal data modernization effort. The data presented here reflects this new taxonomy.

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 2017 IBRD and IDA Lending by Region │ Fiscal 2017

Share of total lending of $42.1 billion

14%

28%

Africa 14% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 14% 17%

13%

10 World Bank Lending │ Fiscal 2017 IBRD Lending by Region │ Fiscal 2017 The largest share of IBRD lending went to Latin America and the Caribbean

Share of total lending of $22.6 billion

5% 10%

19% Africa East Asia and Pacific 22% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 20% South Asia

24%

11 World Bank Lending │ Fiscal 2017 IDA Lending by Region │ Fiscal 2017 The largest share of IDA lending went to Africa

Share of total lending of $19.5 billion

20%

Africa 5% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 3% 55% Middle East and North Africa South Asia 4%

14%

12 World Bank Lending │ Fiscal 2017 IBRD and IDA Lending by Sector │ Fiscal 2017

Share of total lending of $42.1 billion

Agriculture, Fishing, and Forestry 7% 10% Education 7% Energy and Extractives

14% Financial Sector Health 15% Social Protection

6% Industry, Trade, and Services

Information and Communications 7% Technologies Public Administration 16% 6% Transportation

2% 10% Water, Sanitation, and Waste Management

13 World Bank Lending │ Fiscal 2017 IBRD and IDA Lending by Theme │ Fiscal 2017

Theme Commitments (US dollar millions)

Economic Policy 3,468

Environment and Natural Resources Management 13,013

Finance 4,837

Human Development and Gender 9,158

Private Sector Development 10,578

Public Sector Management 5,452

Social Development and Protection 3,482

Urban and Rural Development 14,289

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.

14 World Bank Lending │ Fiscal 2017 IBRD Top-10 Borrowers │ Fiscal 2017

$3,000

$2,500 $2,420

$2,000 $1,776 $1,692 $1,687 $1,525 $1,500 $1,485 $1,500

$1,083 $1,000 Commitments ($ millions) $650 $625 $500

15 World Bank Lending │ Fiscal 2017 IDA Top-10 Borrowers │ Fiscal 2017

$1,800 $1,601 $1,600 $1,512

$1,400 $1,205 $1,200 $1,152

$1,000 $903 $900 $783 $800 $736 $710 $640 $600 Commitments ($ millions)

$400

$200

16 World Bank Lending │ Fiscal 2017 Regional Lending by Theme and Sector Africa Regional Snapshot

CURRENT INDICATOR 2000 2010 DATAa TREND Total population (millions) 670 877 1,033 Population growth (annual %) 2.7 2.8 2.7 GNI per capita (Atlas method, current US$) 503 1,282 1,504 GDP per capita growth (annual %) 0.9 2.6 -1.5 Population living on less than $1.90 a day (millions) 391b 399 389 Life expectancy at birth, females (years) 51 57 60 Life expectancy at birth, males (years) 49 55 58 Youth literacy rate, females (% ages 15–24) 62 66 66 Youth literacy rate, males (% ages 15–24) 75 77 77 Carbon dioxide emissions (megatons) 556 747 784 MONITORING THE SUSTAINABLE DEVELOPMENT GOALS (SDGs) SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 55.6b 45.7 41.0 SDG 2.2 Prevalence of stunting, height for age (% children under 5) 43 38 35 SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 846 625 547 SDG 3.2 Under-5 mortality rate (per 1,000 live births) 154 101 83 SDG 4.1 Primary completion rate (% relevant age group) 54 68 69 SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 81 84 84 SDG 5.5 Proportion of seats held by women in national parliaments (% total) 12 19 24 SDG 6.1 Access to safe drinking water (% population with access) 55 63 68 SDG 6.2 Access to basic sanitation facilities (% population with access) 25 28 30 SDG 7.1 Access to electricity (% population) 27 32 37 SDG7.2 Renewable energy consumption (% total final energy consumption) 73 72 70 SDG 17.8 Individuals using the Internet (% population) 0.5 10 22 Note: ILO = International Labour Organization; PPP = purchasing power parity. a. The most current data available between 2013 and 2016; visit http://data.worldbank.org for data updates. b. 2002 data.

18 World Bank Lending │ Fiscal 2017 Africa Total IBRD and IDA Lending Trends │ Fiscal 2013–17 $14,000

$11,842 $12,000 $11,569

$10,613

$10,000 $9,346

$7,525 $8,000

$6,000 Commitments ($ millions) $4,000

$2,000

$0 2013 2014 2015 2016 2017

19 World Bank Lending │ Fiscal 2017 Africa IBRD and IDA Lending by Sector │ Fiscal 2017 Share of total lending of $11.8 billion

Agriculture, Fishing, and Forestry

14% 11% Education Energy and Extractives 8% Financial Sector

Health

18% Industry, Trade, and Services 14% Information and Communications Technologies Public Administration

Social Protection 7% 5% 1% Transportation 8% 12% Water, Sanitation, and Waste Management 2%

20 World Bank Lending │ Fiscal 2017 Africa IBRD and IDA Lending by Theme │ Fiscal 2017

Theme Commitments (US dollar millions)

Economic Policy 1,002

Environment and Natural Resources Management 4,258

Finance 333

Human Development and Gender 3,621

Private Sector Development 3,409

Public Sector Management 1,689

Social Development and Protection 1,278

Urban and Rural Development 5,643

21 World Bank Lending │ Fiscal 2017 East Asia and Pacific Regional Snapshot

CURRENT a INDICATOR 2000 2010 DATA TREND Total population (millions) 1,813 1,965 2,051 Population growth (annual %) 1.0 0.7 0.7 GNI per capita (Atlas method, current US$) 915 3,780 6,680 GDP per capita growth (annual %) 6.4 9.0 5.6 Population living on less than $1.90 a day (millions) 535b 218 71 Life expectancy at birth, females (years) 72 75 76 Life expectancy at birth, males (years) 68 71 72 Youth literacy rate, females (% ages 15–24) 98 99 99 Youth literacy rate, males (% ages 15–24) 98 99 99 Carbon dioxide emissions (megatons) 4,197 10,054 11,641 MONITORING THE SUSTAINABLE DEVELOPMENT GOALS (SDGs) SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 29.0b 11.1 3.5 SDG 2.2 Prevalence of stunting, height for age (% children under 5) 27 18 15 SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 120 79 63 SDG 3.2 Under-5 mortality rate (per 1,000 live births) 42 23 18 SDG 4.1 Primary completion rate (% relevant age group) 92 104 98 SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 82 80 79 SDG 5.5 Proportion of seats held by women in national parliaments (% total) 17 18 20 SDG 6.1 Access to safe drinking water (% population with access) 80 90 94 SDG 6.2 Access to basic sanitation facilities (% population with access) 59 70 75 SDG 7.1 Access to electricity (% population) 89 95 96 SDG7.2 Renewable energy consumption (% total final energy consumption) 32 20 20 SDG 17.8 Individuals using the Internet (% population) 2 29 45 Note: ILO = International Labour Organization; PPP = purchasing power parity. a. The most current data available between 2013 and 2016; visit http://data.worldbank.org for data updates. b. 2002 data.

22 World Bank Lending │ Fiscal 2017 East Asia and Pacific Total IBRD and IDA Lending Trends │ Fiscal 2013–17 $8,000 $7,500 $7,107 $7,000 $6,247 $6,313 $6,342 $6,000

$5,000

$4,000

$3,000 Commitments ($ millions)

$2,000

$1,000

$0 2013 2014 2015 2016 2017

23 World Bank Lending │ Fiscal 2017 East Asia and Pacific IBRD and IDA Lending by Sector │ Fiscal 2017 Share of total lending of $7.1 billion

Agriculture, Fishing, and Forestry 7% 16% Education 5% Energy and Extractives 3% 2% Financial Sector

Health 10% Industry, Trade, and Services 20% Information and Communications Technologies Public Administration

17% Social Protection

6% Transportation

10% 3% Water, Sanitation, and Waste Management

24 World Bank Lending │ Fiscal 2017 East Asia and Pacific IBRD and IDA Lending by Theme │ Fiscal 2017

Theme Commitments (US dollar millions)

Economic Policy 736

Environment and Natural Resources Management 1,865

Finance 1,001

Human Development and Gender 1,225

Private Sector Development 916

Public Sector Management 441

Social Development and Protection 324

Urban and Rural Development 3,474

25 World Bank Lending │ Fiscal 2017 Europe and Central Asia Regional Snapshot

CURRENT a INDICATOR 2000 2010 DATA TREND Total population (millions) 397 403 417 Population growth (annual %) 0.0 0.5 0.6 GNI per capita (Atlas method, current US$) 1,788 7,492 7,676 GDP per capita growth (annual %) 7.9 4.6 0.8 Population living on less than $1.90 a day (millions) 29b 14 10 Life expectancy at birth, females (years) 73 75 77 Life expectancy at birth, males (years) 63 66 68 Youth literacy rate, females (% ages 15–24) 98 100 100 Youth literacy rate, males (% ages 15–24) 99 100 100 Carbon dioxide emissions (megatons) 2,712 3,036 3,164 MONITORING THE SUSTAINABLE DEVELOPMENT GOALS (SDGs) SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 6.3b 2.9 2.2 SDG 2.2 Prevalence of stunting, height for age (% children under 5) 19 12 10 SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 56 29 25 SDG 3.2 Under-5 mortality rate (per 1,000 live births) 37 22 17 SDG 4.1 Primary completion rate (% relevant age group) 94 98 101 SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 73 73 72 SDG 5.5 Proportion of seats held by women in national parliaments (% total) 8 15 18 SDG 6.1 Access to safe drinking water (% population with access) 93 95 97 SDG 6.2 Access to basic sanitation facilities (% population with access) 83 85 86 SDG 7.1 Access to electricity (% population) 98 100 100 SDG7.2 Renewable energy consumption (% total final energy consumption) 6 6 6 SDG 17.8 Individuals using the Internet (% population) 2 36 59 Note: ILO = International Labour Organization; PPP = purchasing power parity. a. The most current data available between 2013 and 2016; visit http://data.worldbank.org for data updates. b. 2002 data.

26 World Bank Lending │ Fiscal 2017 Europe and Central Asia Total IBRD and IDA Lending Trends │ Fiscal 2013–17 $8,000

$7,207 $7,272 $7,000

$6,000 $5,527 $5,320 $5,308

$5,000

$4,000

$3,000 Commitments ($ millions)

$2,000

$1,000

$0 2013 2014 2015 2016 2017

27 World Bank Lending │ Fiscal 2017 Europe and Central Asia IBRD and IDA Lending by Sector │ Fiscal 2017 Share of total lending of $5.3 billion

2% 2% Agriculture, Fishing, and Forestry 7% 11% Education Energy and Extractives 3% Financial Sector

Health 12% Industry, Trade, and Services

Information and Communications < 1% 41% Technologies 3% Public Administration 4% Social Protection

Transportation 14% Water, Sanitation, and Waste Management

28 World Bank Lending │ Fiscal 2017 Europe and Central Asia IBRD and IDA Lending by Theme │ Fiscal 2017

Theme Commitments (US dollar millions)

Economic Policy 54

Environment and Natural Resources Management 2,573

Finance 967

Human Development and Gender 436

Private Sector Development 1,613

Public Sector Management 1,057

Social Development and Protection 72

Urban and Rural Development 691

29 World Bank Lending │ Fiscal 2017 Latin America and the Caribbean Regional Snapshot

CURRENT a INDICATOR 2000 2010 DATA TREND Total population (millions) 500 570 610 Population growth (annual %) 1.5 1.2 1.1 GNI per capita (Atlas method, current US$) 3,919 7,765 8,010 GDP per capita growth (annual %) 2.3 4.7 -1.8 Population living on less than $1.90 a day (millions) 71b 39 34 Life expectancy at birth, females (years) 75 77 78 Life expectancy at birth, males (years) 68 71 72 Youth literacy rate, females (% ages 15–24) 97 98 98 Youth literacy rate, males (% ages 15–24) 96 98 98 Carbon dioxide emissions (megatons) 1,226 1,557 1,711 MONITORING THE SUSTAINABLE DEVELOPMENT GOALS (SDGs) SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 13.0b 6.5 5.4 SDG 2.2 Prevalence of stunting, height for age (% children under 5) 17 13 11 SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 101 83 69 SDG 3.2 Under-5 mortality rate (per 1,000 live births) 33 24 18 SDG 4.1 Primary completion rate (% relevant age group) 98 99 100 SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 60 66 67 SDG 5.5 Proportion of seats held by women in national parliaments (% total) 16 24 30 SDG 6.1 Access to safe drinking water (% population with access) 89 93 94 SDG 6.2 Access to basic sanitation facilities (% population with access) 74 80 82 SDG 7.1 Access to electricity (% population) 91 96 97 SDG7.2 Renewable energy consumption (% total final energy consumption) 28 29 27 SDG 17.8 Individuals using the Internet (% population) 3 34 54 Note: ILO = International Labour Organization; PPP = purchasing power parity. a. The most current data available between 2013 and 2016; visit http://data.worldbank.org for data updates. b. 2002 data.

30 World Bank Lending │ Fiscal 2017 Latin America and the Caribbean Total IBRD and IDA Lending Trends │ Fiscal 2013–17 $10,000

$8,218 $8,000

$6,024 $5,876 $6,000 $5,204 $5,068

$4,000 Commitments ($ millions)

$2,000

$0 2013 2014 2015 2016 2017

31 World Bank Lending │ Fiscal 2017 Latin America and the Caribbean IBRD and IDA Lending by Sector │ Fiscal 2017 Share of total lending of $5.9 billion

Agriculture, Fishing, and Forestry 6% 11% Education

10% Energy and Extractives

10% Financial Sector

3% 9% Health Industry, Trade, and Services 4% Information and Communications 4% Technologies Public Administration

11% Social Protection 32% Transportation

Water, Sanitation, and Waste 2% Management

32 World Bank Lending │ Fiscal 2017 Latin America and the Caribbean IBRD and IDA Lending by Theme │ Fiscal 2017

Theme Commitments (US dollar millions)

Economic Policy 387

Environment and Natural Resources Management 1,520

Finance 794

Human Development and Gender 1,039

Private Sector Development 1,488

Public Sector Management 942

Social Development and Protection 186

Urban and Rural Development 2,450 2 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.

33 World Bank Lending │ Fiscal 2017 Middle East and North Africa Regional Snapshot

CURRENT INDICATOR 2000 2010 DATAa TREND Total population (millions) 281 336 374 Population growth (annual %) 1.9 1.8 1.7 GNI per capita (Atlas method, current US$) 1,568 3,914 4,565 GDP per capita growth (annual %) 2.3 3.6 -0.4 Population living on less than $1.90 a day (millions)c 9b 7c — — Life expectancy at birth, females (years) 71 74 75 Life expectancy at birth, males (years) 67 69 71 Youth literacy rate, females (% ages 15–24) 81 90 90 Youth literacy rate, males (% ages 15–24) 91 94 94 Carbon dioxide emissions (megatons) 873 1,313 1,381 MONITORING THE SUSTAINABLE DEVELOPMENT GOALS (SDGs) SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP)c 3.0b 2.1c — — SDG 2.2 Prevalence of stunting, height for age (% children under 5) 24 19 17 SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 125 99 90 SDG 3.2 Under-5 mortality rate (per 1,000 live births) 45 29 25 SDG 4.1 Primary completion rate (% relevant age group) 81 92 92 SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 25 27 27 SDG 5.5 Proportion of seats held by women in national parliaments (% total) 4 11 18 SDG 6.1 Access to safe drinking water (% population with access) 88 90 93 SDG 6.2 Access to basic sanitation facilities (% population with access) 78 86 90 SDG 7.1 Access to electricity (% population) 91 95 96 SDG7.2 Renewable energy consumption (% total final energy consumption) 3 3 3 SDG 17.8 Individuals using the Internet (% population) 1 21 39

Note: ILO = International Labour Organization; PPP = purchasing power parity. Recent poverty data for this region is unavailable due to low survey data coverage. a. The most current data available between 2013 and 2016; visit http://data.worldbank.org for data updates. b. 2005 data. c. 2008 data.

34 World Bank Lending │ Fiscal 2017 Middle East and North Africa Total IBRD and IDA Lending Trends │ Fiscal 2013–17 $7,000

$6,000 $5,880

$5,201 $5,000

$4,000 $3,492

$3,000 $2,788

Commitments ($ millions) $2,058 $2,000

$1,000

$0 2013 2014 2015 2016 2017

35 World Bank Lending │ Fiscal 2017 Middle East and North Africa IBRD and IDA Lending by Sector │ Fiscal 2017 Share of total lending of $5.9 billion 1% 2% Agriculture, Fishing, and Forestry 4% 4% Education

15% Energy and Extractives 13% Financial Sector

Health

Industry, Trade, and Services 15% Information and Communications Technologies 23% Public Administration Social Protection 7% Transportation 3% 13% Water, Sanitation, and Waste Management

36 World Bank Lending │ Fiscal 2017 Middle East and North Africa IBRD and IDA Lending by Theme │ Fiscal 2017

Theme Commitments (US dollar millions)

Economic Policy 265

Environment and Natural Resources Management 1,086

Finance 562

Human Development and Gender 1,093

Private Sector Development 1,650

Public Sector Management 903

Social Development and Protection 962

Urban and Rural Development 306

37 World Bank Lending │ Fiscal 2017 South Asia Regional Snapshot

CURRENT a INDICATOR 2000 2010 DATA TREND Total population (millions) 1,387 1,631 1,766 Population growth (annual %) 1.9 1.4 1.3 GNI per capita (Atlas method, current US$) 441 1,160 1,616 GDP per capita growth (annual %) 2.2 7.5 5.5 Population living on less than $1.90 a day (millions) 552b 400 256 Life expectancy at birth, females (years) 64 68 70 Life expectancy at birth, males (years) 62 66 67 Youth literacy rate, females (% ages 15–24) 64 79 79 Youth literacy rate, males (% ages 15–24) 81 87 87 Carbon dioxide emissions (megatons) 1,181 1,970 2,303 MONITORING THE SUSTAINABLE DEVELOPMENT GOALS (SDGs) SDG 1.1 Extreme poverty (% population below $1.90 a day, 2011 PPP) 38.5b 24.6 15.1 SDG 2.2 Prevalence of stunting, height for age (% children under 5) 51 41 36 SDG 3.1 Maternal mortality ratio (modeled estimate, per 100,000 live births) 388 228 182 SDG 3.2 Under-5 mortality rate (per 1,000 live births) 94 64 53 SDG 4.1 Primary completion rate (% relevant age group) 70 88 91 SDG 5 Ratio of female to male labor force participation rate (modeled ILO estimate, %) 43 38 37 SDG 5.5 Proportion of seats held by women in national parliaments (% total) 8 20 19 SDG 6.1 Access to safe drinking water (% population with access) 80 89 92 SDG 6.2 Access to basic sanitation facilities (% population with access) 29 40 45 SDG 7.1 Access to electricity (% population) 57 75 80 SDG7.2 Renewable energy consumption (% total final energy consumption) 53 42 39 SDG 17.8 Individuals using the Internet (% population) 0.5 7 24 Note: ILO = International Labour Organization; PPP = purchasing power parity. a. The most current data available between 2012 and 2015; visit http://data.worldbank.org for data updates. b. 2002 data.

38 World Bank Lending │ Fiscal 2017 South Asia Total IBRD and IDA Lending Trends │ Fiscal 2013–17 $12,000

$10,535

$10,000

$8,363 $7,860 $8,000

$6,061 $6,000

$4,474

$4,000 Commitments ($ millions)

$2,000

$0 2013 2014 2015 2016 2017

39 World Bank Lending │ Fiscal 2017 South Asia IBRD and IDA Lending by Sector │ Fiscal 2017 Share of total lending of $6.1 billion

2% Agriculture, Fishing, and Forestry 6% 12% Education 13% Energy and Extractives

Financial Sector

14% Health 7% Industry, Trade, and Services

Information and Communications Technologies 12% Public Administration

17% Social Protection

4% Transportation 8% 5% Water, Sanitation, and Waste Management

40 World Bank Lending │ Fiscal 2017 South Asia IBRD and IDA Lending by Theme │ Fiscal 2017

Theme Commitments (US dollar millions)

Economic Policy 1,023

Environment and Natural Resources Management 1,710

Finance 1,180

Human Development and Gender 1,744

Private Sector Development 1,502

Public Sector Management 420

Social Development and Protection 661

Urban and Rural Development 1,727

41 World Bank Lending │ Fiscal 2017 Sectoral Lending by Region Agriculture, Fishing, and Forestry IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $2.8 billion

5% 3%

12%

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

19%

43 World Bank Lending │ Fiscal 2017 Education IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $2.8 billion

25% 34% Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 4% Middle East and North Africa South Asia

20% 13% 4%

44 World Bank Lending │ Fiscal 2017 Energy and Extractives IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $6.3 billion

14%

26%

Africa 14% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean 3% Middle East and North Africa 8% South Asia

35%

45 World Bank Lending │ Fiscal 2017 Financial Sector IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $3.1 billion

4% 4%

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

28%

46 World Bank Lending │ Fiscal 2017 Health IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $2.4 billion

13% 24%

Africa East Asia and Pacific 17% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 9% 28% 8%

47 World Bank Lending │ Fiscal 2017 Industry, Trade, and Services IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $4.2 billion

12% 23%

Africa East Asia and Pacific 18% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 29% 15%

48 World Bank Lending │ Fiscal 2017 Information and Communications Technologies IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $1.0 billion

22% 27%

Africa East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 18% South Asia

20%

12%

< 1%

49 World Bank Lending │ Fiscal 20167 Public Administration IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $6.7 billion

11% 20%

Africa 20% East Asia and Pacific Europe and Central Asia 11% Latin America and the Caribbean Middle East and North Africa South Asia 10%

28%

50 World Bank Lending │ Fiscal 2017 Social Protection IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $2.7 billion

15%

29%

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

16%

6% 5%

51 World Bank Lending │ Fiscal 2017 Transportation IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $5.8 billion

14%

4% 37% Africa East Asia and Pacific 10% Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia 10%

25%

52 World Bank Lending │ Fiscal 2017 Water, Sanitation, and Waste Management IBRD and IDA Lending by Region │ Fiscal 2017 Share of total lending of $4.1 billion

8% 5%

Africa 41% 15% East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa 3% South Asia

27%

53 World Bank Lending │ Fiscal 2017 Thematic Lending by Region Economic Policy IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 1,002

East Asia and Pacific 736

Europe and Central Asia 54

Latin America and the Caribbean 387

Middle East and North Africa 265

South Asia 1,023

55 World Bank Lending │ Fiscal 2017 Environment and Natural Resources Management IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 4,258

East Asia and Pacific 1,865

Europe and Central Asia 2,573

Latin America and the Caribbean 1,520

Middle East and North Africa 1,086

South Asia 1,710

56 World Bank Lending │ Fiscal 2017 Finance IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 333

East Asia and Pacific 1,001

Europe and Central Asia 967

Latin America and the Caribbean 794

Middle East and North Africa 562

South Asia 1,180

57 World Bank Lending │ Fiscal 2017 Human Development and Gender IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 3,621

East Asia and Pacific 1,225 42% Europe and Central Asia 436

Latin America and the Caribbean 1,039

Middle East and North Africa 1,093

South Asia 1,744

58 World Bank Lending │ Fiscal 2017 Private Sector Development IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 3,409

East Asia and Pacific 916

Europe and Central Asia 1,613

Latin America and the Caribbean 1,488

Middle East and North Africa 1,650

South Asia 1,502

59 World Bank Lending │ Fiscal 2017 Public Sector Management IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 1,689

East Asia and Pacific 441

Europe and Central Asia 1,057

Latin America and the Caribbean 942

Middle East and North Africa 903

South Asia 420

60 World Bank Lending │ Fiscal 2017 Social Development and Protection IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 1,278

East Asia and Pacific 324

Europe and Central Asia 72

Latin America and the Caribbean 186

Middle East and North Africa 962

South Asia 661

61 World Bank Lending │ Fiscal 2017 Urban and Rural Development IBRD and IDA Lending by Region │ Fiscal 2017

Region Commitments (US dollar millions)

Africa 5,643

East Asia and Pacific 3,474

Europe and Central Asia 691

Latin America and the Caribbean 2,450

Middle East and North Africa 306

South Asia 1,727

62 World Bank Lending │ Fiscal 2017 For more information visit worldbank.org/annualreport

63 World Bank Lending │ Fiscal 2017

Annual Report 2017

Global Reporting Initiative (GRI) Index Fiscal Year 2017

GRI INDEX 2017

This World Bank GRI Index 2017 provides an overview of sustainability DEFINING THE REPORT considerations within the World Bank’s lending and analytical services as well as its corporate activities. This index of sustainability indicators Methodology for Determining Materiality has been prepared in accordance with the internationally recognized standard for sustainability reporting, the GRI Standards: Core option The topics deemed relevant for disclosure in the GRI Index were deter- (https://www.globalreporting.org). mined by assessing: (1) the potential impact on the Bank’s business and (2) the sustainability impacts from its operations. The GRI Index covers activities from fiscal year 2017, July 1, 2016, through June 30, 2017. The business case was determined The Natural Step framework, which based on three key categories: (1) complements the GRI, defines three basic "system conditions" that must be met if we want potential reputational risks to the to maintain the essential environmental services ABOUT THE WORLD BANK organization, (2) the importance to that sustain human society. Further, because stakeholders, and (3) the linkages human action is the primary cause of the rapid The World Bank Group plays a key role in the global effort to end change we see in the natural environment today, with the Bank’s mission/goals. extreme poverty and boost shared prosperity. It consists of five insti- the framework includes a fourth system condition that focuses on the social and economic tutions: the World Bank, which includes the International Bank for In addition to understanding the considerations that drive those actions. Reconstruction and Development (IBRD) and the International Devel- business case and stakeholder con- opment Association (IDA); the International Finance Corporation cerns, equal weight was given to the For the purposes of this exercise, the four sustainability principles of the Natural Step (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the sustainability impact of the Bank’s are applied by asking: (1) Does this aspect International Centre for Settlement of Investment Disputes (ICSID). business. After assessing the various draw upon material extracted from the earth's Working together in 140 countries, these institutions provide financ- sustainability frameworks available, crust and lead to accumulation of persistent or toxic emissions, or is it an extractive industry ing, advice, and other solutions that enable countries to address the the basic environmental, social, and or destructive processes? (2) Does this aspect most urgent challenges of development. economic conditions, as outlined by undermine the extent of people's ability to meet the Natural Step, were considered their needs? A criterion was added to ensure The GRI Index addresses the activities of the World Bank. Except for economic representation within the tool: (3) Does most appropriate. this aspect impact the local economy? the eligibility of support and terms of lending to member countries, IBRD and IDA are tightly integrated and work as a single unit. Certain Each criterion above (the three for activities span across the World Bank Group and are therefore cited as the business case and the three for such in the content. the sustainability impact) is given a point and a threshold is set to prioritize GRI aspects to include in the report. The Bank’s materiality approach and resulting reporting was validated and strengthened through a Stake- holder Panel in May 2014.

1 Report Boundary 4. Biodiversity—Through lending and grant support to client countries, the World Bank Group is one of the largest international funding sources for Boundaries are defined based on the management control of biodiversity worldwide. impacts—indirect impacts lay within the “operational” boundary 5. Human Rights / Child Labor / Indigenous Rights—The World Bank promotes while direct impacts fall within the “corporate” boundary. human rights through its projects, for example, improving poor people’s access to health, education, food, and water; promoting the participation of Indigenous Peoples in decision making, strengthening the accountability Impacts external to the organization (“operational boundary”) and transparency of governments to their citizens; supporting justice reform; Indirect impacts occur in member countries as a result of World Bank and fighting corruption. In addition, civil society actively followed the World Bank’s process of updating its safeguard policies, concluded in fiscal year 2016. lending and analytical services and may not be directly controlled by the Bank’s management. Impacts stemming from the World Bank’s 6. Local Communities—The World Bank recognizes that community driven work with clients are specified as “operational impacts.” development (CDD) approaches and actions are important elements of an effective poverty reduction and sustainable development strategy. Impacts internal to the organization (“corporate boundary”) Corporate Impact “Corporate boundary” refers to the impact from activities over which The most material aspects of the Bank’s internal operations include the Bank has direct control, such as operating World Bank facilities the following: and managing staff members. 1. Staff are the World Bank’s greatest asset. They bring a wide range of perspectives to bear on poverty-reduction issues and emerging development challenges, and are critical to the effectiveness of the Bank’s core opera- RESULTS: WHAT IS MATERIAL? tional and knowledge services. Staff-related indicators are pulled from the following GRI aspect categories: Economic Performance, Market Presence, Operational impact Employment, Occupational Health and Safety, Training and Education, Diversity and Equal Opportunity, and Nondiscrimination. The World Bank’s most pertinent sustainability impacts from financial and technical services to clients can be summarized in the follow- The Bank recognizes that reducing its own corporate environmental impacts is in line with the institutional mission to reduce poverty, as ing GRI-related aspects: environmental degradation affects the world’s poor disproportionately. 1. Economic Performance—Because creating and distributing economic Increasing the efficiency of how the organization runs its business— value is part of the mission of eliminating extreme poverty, shareholders through facility-level and staff-behavior changes—reduces natural-re- and investors care about the sustainable economic performance of the institution. source waste and decreases the cost of day-to-day operations. Key aspects related to the Bank’s environmental footprint include: Materials, Energy, 2. Indirect Economic Impacts—These impacts are an essential aspect of the Bank’s Water, Emissions, Effluents and Waste, and Procurement Practices. goal of reducing poverty and boosting shared prosperity. Questions and comments about the GRI Index should be 3. Anti-Corruption—Critical to the World Bank’s mission to alleviate extreme poverty is a well-functioning public sector that delivers quality public addressed to Corporate Responsibility, [email protected]. services consistent with citizen preferences. It also must foster private, market-led growth while managing its fiscal resources in a prudent manner. Opinion leaders in the Bank’s client countries listed anti-corruption as one of their development priorities.

2 World Bank GRI Index 2017 TABLE OF CONTENTS

General Disclosures 4 Corporate Impact 35 Organizational Profile 4 Procurement Practices 35 Strategy 7 Materials 35 Ethics and integrity 9 Energy 37 Governance 11 Water 39 Stakeholder Engagement 13 Emissions 40 Reporting Practice 19 Effluents and Waste 43 Economic Performance 44 Operational Impact 23 Market Presence 46 Economic Performance 23 Employment 47 Indirect Economic Impact 25 Occupational Health and Safety 51 Anti-Corruption 26 Training and Education 52 Biodiversity 28 Diversity and Equal Opportunity 56 Child Labor 29 Nondiscrimination 58 Rights of Indigenous Peoples 30 Human Rights 32 Legend Local Communities 34 General Disclosures Economic Disclosures Environmental Disclosures Social Disclosures

3 General Disclosures . . . http://www.worldbank.org/contacts http://www.worldbank.org/en/about/what-we-do http://www.worldbank.org/en/about/what-we-do GENERAL DISCLOSURES GENERAL Innovative financing instruments and products for an array of investments in such areas as education, health, public administration, public administration, health, as education, of investments in such areas and products for an array financing instruments Innovative of Some management. resource natural and environmental and agriculture, development, sector private and financial infrastructure, and private agencies, export credit commercial banks, institutions, other multilateral our projects are co-financed with governments, donors. multilateral and bilateral with fund partnerships trust through financing or facilitates provides Bank also The investors. sector and developing regions. the Bank to help manage initiatives that address needs across myriad sectors Many partners have asked to to share the best knowledge available and technical assistance services designed coordination, partnership analysis, Research, Bank financing. World achieve development results underpin • • with its 173 member countries—offering financing to the world’s poorest countries—to reduce poverty by providing with its 173 member countries—offering financing to the world’s living conditions. and improve people’s reduce inequalities, that boost economic growth, for programs loans and grants The World Bank is a global organization. IBRD is owned by 189 member countries and IDA by 173.The Bank operates in Bank operates owned by 189 member countries and IDA by 173.The IBRD is Bank is a global organization. World The Bank facilities worldwide. World are 148 There 140 countries globally. see list of locations, a complete For poverty and but a unique partnership committed to reducing sense, Bank is not a bank in the traditional World The to achieve equitable and IBRD is governed by and works with its 189 member countries supporting development. solutions to pressing regional and global problems and to find national economies, sustainable economic growth in their Project loans are financed by sustainability. such as environmental important areas, in economic development and other IDA works and advisory services. risk management products, guarantees, Bank bonds issued in the capital markets, World as we work toward our twin goals, ending extreme poverty by 2030 and promoting shared prosperity: poverty by 2030 and promoting shared ending extreme our twin goals, as we work toward see more information, For States United DC, Washington, The World Bank consists of the International Bank of Reconstruction and Development (IBRD) and the International the International (IBRD) and and Development Bank of Reconstruction of the International Bank consists World The Finance Corporation which includes the International Bank Group, World It is part of the Association (IDA). Development of Investment International Centre for Settlement and the Agency (MIGA), Investment Guarantee the Multilateral (IFC), Disputes (ICSID). see more information, For designed to support governments all development challenges, of solutions to meet offers a wide range Bank World The World Bank GRI Index 2017 Bank GRI Index World form 102-5 Ownership and legal 102-4 Location of operations 102-3 Location of headquarters 102-2 Activities, brands, 102-2 Activities, and services products, organization Organizational profile Organizational of the 102-1 Name 4 General Disclosures 5

. . www.worldbank.org/annualreport . New lending commitments by IBRD totaled $22.6 billion for 133 operations $22.6 billion for 133 operations New lending commitments by IBRD totaled IDA commitments amounted to $19.5 billion for 261 operations in fiscal billion for 261 operations IDA commitments amounted to $19.5 World Bank lending commitments for development support totaled $42.1 Bank lending World http://www.worldbank.org/en/about/leadership/members www.worldbank.org/unit which will be paid in. As of June 30, 2017, the cumulative increase in subscribed capital totaled $78.7 billion. Related billion. the cumulative increase in subscribed capital totaled $78.7 2017, As of June 30, which will be paid in. capital increase were $4.6 billion. paid-in amounts in connection with the IDA commitments and resources: 2017, 30, As of June and $50 million in guarantees. billion in grants, $3.2 $16.2 billion in credits, including year 2017, from partner IDA is financed largely by contributions at $105.6 billion. active portfolio stood net commitments in IDA’s from the International Finance grants net income, from IBRD’s transfers Additional financing comes from governments. which the IDA17 Replenishment, resources for Total borrowers’ repayments of earlier IDA credits. and Corporation, to $57.9 billion). Rights (equivalent amounted to $38.7 billion in Special Drawing covered fiscal years 2015–17, Annual Report 2017: Bank World see the more information, For Management; Poverty; Social Protection and Labor; Social, Urban, Rural, and Resilience; Trade and Competitiveness; and Competitiveness; Trade and Resilience; Rural, Urban, Social, Protection and Labor; Social Poverty; Management; work on the Bank’s more information For Water. and Technologies; and Information and Communication Transportation see by region and by sector, Bank commitments: World Total billion in fiscal year 2017. IBRD commitments and resources: In fiscal year stood at $106.7 billion. active portfolio net commitments in IBRD’s 2017, As of June 30, in fiscal year 2017. equity comprises IBRD’s (USDeq) 56 billion by issuing bonds in 22 currencies. US dollar equivalent IBRD raised 2017, and selective capital increase resolutions approved of the general Under the terms primarily paid-in capital and reserves. $5.1 billion of expected to increase by $87 billion, subscribed capital is 2011, 16, by the Board of Governors on March Each of the World Bank organizations operates according to procedures established by its Articles of Agreement. Articles of by its established according to procedures operates Bank organizations World Each of the and management, of organization, principles general and the conditions of membership outline the agreements The operations. member country economies and sustainable economic growth in works globally to achieve equitable Bank World The Its work is distributed problems in economic development. to the pressing regional and global and to find solutions and the Caribbean, America Latin Asia, Europe and Central Asia and Pacific, East Africa, regions: throughout the following Asia. and South Africa, Middle East and North Environment and Extractives; Energy Education; Agriculture; cover the following Global Practices: Bank projects World Macroeconomics and Fiscal and Population; Nutrition, Health, Governance; Markets; Finance and Resources; and Natural For a full list of member countries, see see countries, list of member a full For 102-7 Scale of the organization 102-6 Markets served 102-6 Markets 102-5 Ownership and legal and 102-5 Ownership form (cont.) General Disclosures http://www. http://www.worldbank.org/en/ . . . http://www.worldbank.org/safeguards principles on crowding in private finance. principles on crowding in private For more information, see more information, For and boost shared prosperity in a sustainable Bank is committed to helping developing countries end poverty World The Goals of choice for countries seeking to reach many of the Sustainable Development Bank is a partner The manner. implementation. and supporting data, particularly in the context of financing, in September 2015, adopted (SDGs), such as the United Nations Environmental Bank is also an active member of many external initiatives, World The As a United Nations Group on the Environment. Working Financial Institutions Management Group and the Multilateral the agreements for which the Bank also supports the mission of the UN and the multilateral (UN)-specialized agency, Fund for the the Multilateral (GEF), such as the Global Environment Facility Bank acts as an implementing agency, Bank to become facilities have enabled the These and the Convention to Combat Desertification. Montreal Protocol, Diversity and the Stockholm Convention on the largest funder of projects in support of the Convention on Biological closely with the G20 in developing the G20 Hamburg Bank also worked World The Organic Pollutants. Persistent There were no significant changes to the World Bank’s size, structure, ownership, or supply chain. ownership, structure, size, Bank’s World to the were no significant changes There policies. Bank applies the precautionary approach through its safeguard World The of its support to sustainable poverty environmental and social safeguard policies are a cornerstone Bank’s The prevent and mitigate harm to people and their environment in the objectives of these policies are to The reduction. and preparation, policies provide guidelines for Bank and borrower staff in the identification, These development process. and projects supported effectiveness and development impact of programs The and projects. implementation of programs Safeguard policies have often provided as a result of attention to these policies. by the Bank has substantially increased important instrument for building along with being an in project design, a platform for the participation of stakeholders ownership among local populations. and temporaries who worked in 140 countries worldwide. in 140 countries who worked and temporaries include consulting Major contracts Bank. World by the are purchased in goods and services about $1.6 billion Each year, All materials. and construction health and benefits, and telecommunications, information technology travel, firms, see information, more For Policy. Procurement Bank Corporate World to adhere to the vendors are required worldbank.org/en/about/corporate-procurement of role aims to maximize the strategic which framework, has implemented a new procurement Bank World The see information, more For development effectiveness goals. procurement in achieving projects-operations/products-and-services/brief/procurement-new-framework In fiscal year 2017, the World Bank employed 11,897 staff and 4,948 full-time-equivalent (FTE) short-term consultants consultants (FTE) short-term 4,948 full-time-equivalent 11,897 staff and Bank employed World the 2017, In fiscal year World Bank GRI Index 2017 Bank GRI Index World 102-12 External initiatives 102-11 Precautionary 102-11 Precautionary principle or approach supply chain 102-10 Significant changes 102-10 Significant and its to the organization workers chain 102-9 Supply 102-8 Information on on 102-8 Information and other employees 6 General Disclosures 7 - . for messages from Dr. Jim Yong Kim, President of the World Bank Group; Bank Group; World President of the Kim, Yong Jim for messages from Dr. www.worldbank.org/annualreport World Bank Annual Report 2017 World which continues to bring together bilateral donors and multilateral development partners that seek to more effectively engage with development partners that donors and multilateral together bilateral which continues to bring Agenda on Sustainable Development. the 2030 and organizations to achieve the goals of religious communities launched which was Pricing Leadership Coalition, Group spearheaded the creation of the Carbon Bank World the In fiscal year 2016, and more than 90 international corporations. Coalition brings together 20 governments The COP21. at the Paris more which represents Centre, Member of the European Foundation Affiliated Bank Group became an World the In fiscal year 2017, Bank Group also World The social change in Europe and beyond. organizations that work to support positive than 200 philanthropic Kim pro Yong Bank Group President Jim World April 2017, In (GPF). within the Global Philanthropy Forum continued to be a partner at the GPF annual Affairs Council, World and President and CEO of the GPF Wales, with Jane conversation vided the opening keynote gathering. In February 2015, the World Bank Group became a founding member of the Partnership on Religion and Sustainable Development, Religion and Sustainable Development, on became a founding member of the Partnership Bank Group World the 2015, In February • • • population living in extreme poverty to 3 percent by the year 2030—and to promote shared prosperity—increasing the to 3 percent by the year 2030—and to promote shared prosperity—increasing population living in extreme poverty Bank World The manner. Both goals must be met in a sustainable the population. income of the bottom 40 percent of and social, economic, Bank makes World the discusses the significant areas in which in 2013, released Group Strategy, ending poverty along the path toward as well as the associated challenges and opportunities environmental impacts, Bank for combines the strength of the International strategy The manner. and boosting shared prosperity in a sustainable Association (IDA)—collectively known as the the International Development Reconstruction and Development (IBRD), The Agency (MIGA). Investment Guarantee and the Multilateral (IFC), Corporation Bank—the International Finance World achieve sectors in partnership in order to to work with the public and private places the institutions in a position strategy the twin goals sustainably. Refer to the Board of Executive Directors. Bank’s World a statement from the and Bank; World CEO of the Kristalina Georgieva, see more information, For to end extreme poverty—reducing the share of the global Bank is anchored in its goals: World work of the The organizations, but it is working with a wide range of civil society organizations, foundations, and private sector partners and private foundations, organizations, of civil society range working with a wide but it is organizations, campaign our End Poverty twin goals through for the Bank’s build support partnerships These global issues. on multiple in order to and climate change, health, education, inclusion, such as financial issues, specific development and around examples are: A few effectively. more operate The World Bank Group is not a formal member of industry or business associations, or national or international advocacy advocacy or international or national business associations, of industry or not a formal member Bank Group is World The 102-15 Key impacts, risks, and opportunities senior decision-maker Strategy 102-14 Statement from 102-13 Membership of Membership of 102-13 associations General Disclosures . http://corporatescorecard.worldbank.org/ https://openknowledge.worldbank.org/ . For more information on progress toward corporate targets, see targets, corporate more information on progress toward For credit rating—triple-A—which it received in 2016. Three IDA18 special themes were retained from IDA17—climate Three in 2016. it received credit rating—triple-A—which were introduced— and violence—and two new themes conflict, and fragility, and development; gender change; theme of align with the overarching and jobs and economic transformation—which governance and institutions, and Opportunity.” Resilience, Investing in Growth, 2030: “Toward Window will leverage Sector new Private The priority areas. to the program’s Significant IDA resources will be devoted sector years to mobilize at least $6 billion–$8 billion in additional private capital over the next three $2.5 billion of IDA’s and violence conflict, and resources for countries affected by fragile, markets, fragile investments in the poorest and most such as $2 billion to including new financing mechanisms than $14 billion, situations as a group will double to more support refugees and host communities. see Bank Group Strategy, World more information on the For handle/10986/16095 abruptly in response to higher inflation or fiscal policy developments, affecting both interest rates and risk appetite. and risk appetite. rates affecting both interest to higher inflation or fiscal policy developments, abruptly in response to finance current account imbalances. dependent on portfolio investment countries are those most vulnerable The sectors Corporate movements. could also lead to further exchange rate Divergence from monetary policy expectations moves. foreign currency borrowing could face stress in light of sharp exchange rate that need to service large unhedged and disruption. large contingent liabilities could be a source of risk In some countries, the needs and to address individual countries, and adapt to meet the needs of Bank continues to innovate World The forms of financing in developing innovative the Bank is other challenges, address them and To of global public goods. finalized in December 2016, IDA18 Replenishment, transformational The sectors. partnership with the public and private IDA18 The 2020. to June 30, 2017, of $75 billion to finance projects from July 1, resulted in a record replenishment size first-ever public using IDA’s debt, model that blends contributions with market package will introduce a hybrid financing global political and economic environments that could impact the institution’s finances. In fiscal year 2017, the global the year 2017, In fiscal finances. institution’s could impact the environments that and economic global political economies growth in advanced Economic uncertainty. recovery but high by some entered a period characterized economy and related leverage and high corporate economies, hurt developing prices have lower commodity remains weak, borrowing Bank’s World for the vulnerability a further key constitute emerging markets in the larger external borrowing economic activity could and there is a significant chance that risk, overarching presents a key uncertainty Policy countries. are protectionist pressures Potential of global activity. strengthening that foresees a gradual diverge from the baseline and when such pressures might as to what extent however, uncertainty, considerable remains There a significant risk. on trade, with open economies and dependent Countries take. measures and the form these might into concrete translate protectionism could also impact Increased the most vulnerable. would be among countries, including many low-income banks as they move at varying central policy stance of major The flows to developing countries. foreign direct investment could adjust expectations interest rate Market uncertainty. monetary policy is another source of paces to normalize Dealing with global political and economic policy uncertainties: The World Bank Group’s Chief Risk Officer monitors the monitors Officer Chief Risk Group’s Bank World The uncertainties: and economic policy global political Dealing with World Bank GRI Index 2017 Bank GRI Index World 102-15 Key impacts, risks, Key impacts, risks, 102-15 (cont.) and opportunities 8 General Disclosures 9 with the Ethics Committee of the Board. EBC courses. number of ethics training the institution offers a new staff, for In addition to the required training expected business conduct, for headquarters and country office staff on values, of training continuously expands its range and the prevention of conflicts of interest. and retaliation, against misconduct recourses available Bank Group Staff Rules as a condition of employment. World Staff members are required to uphold online. a statement submitted to senior management into consultations will be crafted that emerge from these core values The Bank Group Code of Conduct will be written in line A new in October 2017. with the expectation that it will be launched many aspects of core into the values and the organization will move to integrate statement, with the refreshed values business and human resources decisions. regime remains the status quo under the previous values forward, initiative is moving Values While the Refreshing Our including consultants with on the Code of Conduct for all new staff, e-learning training is a mandatory There in place. is a separate There in nine languages. Code of Conduct is available A summary of the of more than 30 days. contracts document. of ethics expectations through a separate Business partners are informed Code of Conduct for Board officials. and business partners. Board officials, with employees, is specified in contracts Adherence to high ethical standards deposit it requires them to sign the code document upon assuming duty and Section 1(c) of the Code for Board Officials Fiscal year 2017 was critical for values and principles of behavior at the Bank Group: the organization committed to the organization the Bank Group: of behavior at and principles values critical for 2017 was Fiscal year the values, look at the corporate to taking a new In addition 1997. it put into place in values the corporate refreshing Bank and IFC World the previously, consistently; part of Bank Group them to each committed to applying Bank Group exercise to develop a modern values has been a bottom-up This and MIGA had none. statements, values had separate staff to deliver at full capacity. motivate and help cues for behavior and decision-making, provide statement, EBC and the initiative. Values” “Refreshing Our is leading the Vice Presidency (EBC) Ethics and Business Conduct The Steering Committee. co-chairing its widely representative Vice Presidency are Human Resources through focus to the new core values Bank Group provided input World staff from across the nearly 450 the initiative, For their input worldwide had the opportunity to give all staff Also, country offices. and several DC, Washington, groups in standards, and norms of and norms standards, behavior Ethics and integrity Ethics and principles, Values, 102-16 General Disclosures . http://worldbank.org/ http://worldbank.org/ethics

. For reports of suspected misconduct, all information is confidential and subject to disclosure on a strict need-to-know all information is confidential and subject to disclosure on a strict need-to-know reports of suspected misconduct, For Anonymous complaints are accepted. basis. answers were provided than 90 percent of the cases, In more in fiscal year 2017. EBC received 846 requests for advice pre- or outside activities, received queries concerned a staff member’s most frequently The within two business days. administer a satisfaction EBC does not currently and couples or family relationships. post-Bank Group employment, and EBC staff for advice, though most express their gratitude office for advice, survey to individuals who contact the and subjects involved witnesses, EBC does conduct a service quality survey for complainants, invite feedback via email. good. are consistently in the survey and ratings Both participation misconduct. in reviews of allegations of suspected range of communications and training programs. training of communications and range and advertised on the accessible to staff email service account ([email protected]) EBC maintains an to speak from EBC staff during office hours or arrange Employees also can seek advice directly external website. which is the working language of Most services are provided in English, time. with team members at a convenient line is This also contact the Ethics Helpline by phone (800-261-7497) 24/7. Staff members can the organization. by an outside vendor. administered in multiple languages case. highest possible level of confidentiality given the requirements of the Advisory requests are treated with the Requests for advice can be made anonymously. See Bank Group Code of Conduct. World Details are outlined for staff in the importance of EBC’s mandate, comprised of four key areas of responsibility: (1) setting standards through the design and through the (1) setting standards of responsibility: areas of four key comprised mandate, of EBC’s importance Programs of Interest administering Declarations including and behavior, decisions, practices, of ethical policy, stewardship respect foster a culture of values, to strengthen training to staff and offering (2) reaching out public confidence; to ensure advising staff and (3) in ethical development; research and practice between scientific and build bridges and integrity, of interest and compliance- and providing counsel on conflicts expertise and spotting trends, clients by sharing ethics and facilitating recommending actions, concerns, addressing misconduct by reviewing and (4) related issues as needed; see Conduct and EBC functions, Code of Bank’s World on the more information For resolutions. ethics suspected misconduct and seek ethics-related advice or report members (both past and present) to EBC enables staff services through a of EBC’s and other stakeholders business partners, EBC informs employees, other ethical issues. The head of EBC is a Bank Group Vice President. The leadership of this function by a Vice President reflects the the reflects Vice President by a this function of leadership The Vice President. Group of EBC is a Bank head The World Bank GRI Index 2017 Bank GRI Index World advice and concerns about ethics 102-17 Mechanisms for 102-17 Mechanisms behavior (cont.) behavior 102-16 Values, principles, principles, Values, 102-16 of and norms standards, 10 General Disclosures 11 Governors delegate specific duties to the 25 EDs, who sit as a resident Board of Directors in Washington, DC. The five The DC. Washington, Board of Directors in who sit as a resident the 25 EDs, Governors delegate specific duties to countries are represented by elected Executive while other member Director, largest shareholders appoint an Executive Directors. financial, including policy, all major decisions for the organization, the Boards of Governors and the EDs make Together, and membership issues. by the Bank Group—as well as allegations of significant fraud and corruption involving staff. EBC and Integrity Vice EBC and Integrity and corruption involving staff. fraud well as allegations of significant by the Bank Group—as to ensure a consistency of approach. Presidencies cooperate countries Member countries are shareholders. Bank is a development institution for which its 189 member World The of Governors and the Board of Executive Directors (EDs). govern the Bank through the Boards The by each member country. consist of one Governor and one alternate Governor appointed Boards of Governors The or a senior official of similar rank. bank, governor of its central minister of finance, office is usually held by the country’s Fakhoury, His Excellency Imad N. alternates serve for terms of five years and can be reappointed. Governors and The The Annual Meetings. for the 2017 is the Chairman Jordan, Cooperation, Minister of Planning and International compliance with staff rules, harassment, and abuse of authority. The large majority of allegations were reviewed and were reviewed majority of allegations large The and abuse of authority. harassment, with staff rules, compliance in the seven resulted Of those, investigate 21 cases. enough basis to EBC found review. or initial intake closed after if authority to determine who has the Resources, Vice President of Human report to the of an investigative submission as of this the cases are pending were imposed; sanctions In four cases, impose sanctions. occurred and to misconduct writing. threatened or direct or indirect detrimental action policy that protects against any Bank Group has a non-retaliation The and will be investigated misconduct, Retaliation is considered in a protected activity. because a person engaged taken and sanctioned accordingly. unit The with corruption-related policies. Vice Presidency works to improve compliance Integrity the Bank’s In addition, in activities conducted or financed and investigates allegations and corruption, and deter fraud staff to detect trains EBC received 228 allegations of misconduct in fiscal year 2017. The most frequently received allegations involved non- allegations involved received most frequently The fiscal year 2017. of misconduct in 228 allegations EBC received 102-18 Governance structure Governance ethics 102-17 Mechanisms for Mechanisms for 102-17 concernsadvice and about General Disclosures http://www.worldbank.org/en/ .

. http://www.worldbank.org/sustainabledevelopment http://www.worldbank.org/en/about/leadership and responses requested. -Determine the distribution of the net income of the Bank; -Determine the distribution of the net Agreement by the Executive Directors; Articles of of the -Decide appeals from interpretations with other international organizations; to cooperate formal comprehensive arrangements -Make of the Bank; -Suspend permanently the operations and Directors; -Increase the number of elected Executive Agreement. Articles of -Approve amendments to the Member governments oversee the remainder of the All other decisions are delegated to the Executive Directors. which reports through the Office of the IBRD/IDA Chief Executive Officer, in turn to the President of the World Bank World of the in turn to the President Executive Officer, the Office of the IBRD/IDA Chief which reports through Group. see Sustainable Development, Vice President, about the current more information For about/people/laura-tuck of Governors (Ministers of Finance and Development of Bank Group are vested in the Boards World All powers of the are They Agreement. Articles of to the senior decision-making body according the Bank’s WBG member countries), 189 on the following: the only non-executives who can decide -Admit and suspend members; capital stock; -Increase or decrease the authorized standing committees: Audit Committee, Budget Committee, Committee on Development Effectiveness (CODE), Human Human Effectiveness (CODE), on Development Committee Budget Committee, Committee, Audit committees: standing The Matters (COGAM). Administrative Executive Directors’ Governance and and Committee on Committee, Resources and practices, examinations of policies through in-depth responsibilities execute its oversight help the Board committees and risk-management financial condition, procedures, policies and about the Bank’s and making decisions overseeing poverty-reduction effectiveness of development and and of governance and controls, adequacy assessment processes, for Board matters covered by the Code of Conduct Committee provides guidance on the Ethics addition, In activities. Bank Group executive officers. World of all committees function independently These officials. see more information, For into its work with environmental and social development the principles of sustainable Group integrates Bank World The Development, Vice President for Sustainable done through the Office of the is This and regions. clients across all sectors In addition to representing their own countries and others they are elected to represent, EDs serve on one or more of five on one or more of EDs serve elected to represent, and others they are their own countries to representing In addition World Bank GRI Index 2017 Bank GRI Index World highest governance body and its committees 102-22 Composition of the topics 102-20 Executive-level 102-20 Executive-level economic, for responsibility and social environmental, 102-18 Governance102-18 (cont.) structure 12 General Disclosures 13 http://siteresources.worldbank.org/EXTABOUTUS/Resources/ibrd- stakeholders throughout the world. The Bank groups the stakeholders into two main categories: internal and external. internal and external. main categories: into two Bank groups the stakeholders The the world. throughout stakeholders and Bank employees (staff). EDs, include shareholder governments (Governors), Internal stakeholders the parliamentarians; foundations; academics; faith-based organizations; include civil society; External stakeholders and international, and social entrepreneurs); companies, responsible investors, sector (including sustainable and private media. and local national, qualified staff, the World Bank Group has developed a compensation and benefits system designed to be internationally and benefits system designed to be internationally has developed a compensation Bank Group World the qualified staff, and largely expatriate the special needs of a multinational into account and to take performance, to reward competitive, is adjusted if warranted, by the Executive Directors and, salary structure is reviewed annually staff Group’s Bank The staff. financial and industrial firms and by representative public paid by private on the basis of a comparison with salaries sector agencies in the US market. serve as such without compensation from Articles also state that Governors (the highest governance body)“...shall The them reasonable expenses incurred in attending meetings.” but the Bank shall pay the Bank, with thousands of Group consults and collaborates Bank World the As a global citizen and a global employer, Bank’s Articles of Agreement, Section 5. See 5. Section Agreement, Articles of Bank’s articlesofagreement.pdf. The 189 member governments. of the individual the political systems Bank depends on Governors of the Nominating Other criteria like or other national ministry. development, a Governor is a minister of finance, main criterion is that decision-making process. government-led may factor into the independent, and expertise independence, diversity, related to countries’ internal which is a sovereign matter Governor nomination, Bank has no direct influence over The governance and decision-making. to be paid to Governors shall determine the remuneration Board of “[The] Agreement, Articles of Bank World the Per recruit and retain highly To of service of the President.” contract and the salary and terms of the the Executive Directors The Chair of the Board of Executive Directors serves as the President of the organization, as set out in the World World out in the as set of the organization, serves as the President Executive Directors of the Board of Chair The 102-40 List of stakeholder groups Stakeholder engagement policies 102-35 Remuneration 102-35 Remuneration selecting the highest selecting the highest governance body 102-24 Nominating and Nominating and 102-24 102-23 Chair of the highest Chair of the highest 102-23 governance body General Disclosures EDs and Governors engage regularly with a wide spectrum of stakeholders, including with a wide spectrum of stakeholders, EDs and Governors engage regularly IMF to better serve their client countries. In addition to the Annual and Spring Meetings, the Development Committee Annual and Spring Meetings, In addition to the IMF to better serve their client countries. poverty economic outlook, including the world on issues of global concern, convenes to advise the Boards of Governors and aid effectiveness. development, economic eradication, The World Bank Group engages with a broad cross-section of stakeholder groups in ways that are both context-specific that are both context-specific groups in ways of stakeholder Group engages with a broad cross-section Bank World The partnerships; operational policy dialogue; including approaches, the form of numerous Engagement takes and situational. and joint issue-based advocacy Spring Meetings; Annual and and global platforms such as the convenings consultations; on early childhood development. campaign Years and the Early such as End Poverty on campaigns, 1. Member governments: (CSOs) on the margins of the in their own country and with international civil society organizations national stakeholders Each operations. to client countries for Bank Group as well as during travel Annual Meetings, and Spring organization’s Annual International Monetary Fund (IMF) hold Bank Group and World the Boards of Governors of the fall and spring, economic development, international of issues related to poverty reduction, and Spring Meetings to discuss a range enable the Bank Group and the and Annual Meetings provide a forum for international cooperation The and finance. However, the World Bank Group Staff Association represents and protects the rights and interests of all (that is, 100 of all (that is, and interests and protects the rights represents Association Staff Bank Group World the However, Presidency, Vice Resources with the Human Association negotiates Staff The of its mandate. the staff as part percent) of World More than 11,000 staff are met. the interests of and the EDs to ensure management, line senior management, Country Office Staff have established 90 country offices and Association, of the Staff staff are members Bank Group It bargaining. union and does not engage in collective Association is not a the Staff in 1972, Founded Associations. as provided in Staff Rule 10.01. Bank Group staff, World by representing the rights of all serves a critical role twin goals and the Bank’s to advance who share the commitment Group works with diverse stakeholders Bank World The External stakeholders employees. the member governments and include stakeholders Internal are active in development. foundations, labor unions, media, organizations), organizations (which include faith-based from civil society range sector and investors. and the private parliamentarians, At the World Bank Group, the percentage of total employees covered by collective bargaining agreements is zero. is zero. bargaining agreements covered by collective of total employees the percentage Bank Group, World At the World Bank GRI Index 2017 Bank GRI Index World stakeholder engagement 102-43 Approach to 102-43 Approach 102-42 Identifying and 102-42 Identifying selecting stakeholders 102-41 Collective bargaining Collective bargaining 102-41 agreements 14 General Disclosures 15 . . http://www.worldbank.org/en/programs/community-connections The World Bank engages CSOs (which include faith-based and religious organizations) regularly and religious organizations) regularly engages CSOs (which include faith-based Bank World The Engaging employees to boost pride in the institution and commitment to a shared mission is the to a shared and commitment pride in the institution employees to boost Engaging http://www.worldbank.org/en/about/what-we-do/brief/citizen-engagement topics ranging from safeguards, citizen engagement, and public and private partnerships to inequality, health, and food health, partnerships to inequality, and public and private citizen engagement, from safeguards, topics ranging Bank Group Operations, World for Mainstreaming Citizen Engagement in Framework the Strategic Through security. grounded in the effort is This and citizens to achieve better development results. the Bank Group engages with CSOs there are clearly identifiable Bank Group-financed projects in which World in commitment to include beneficiary feedback See beneficiaries. through volunteer with local non-governmental organizations (NGOs) in our communities Bank also engages The learn To Campaign. the Community Connections giving and matching program, activities and through our workplace see more about the NGOs we engage, participation rate for the 2017 survey was 85 percent, with an overall engagement index of 80 percent. engagement with an overall 85 percent, the 2017 survey was for participation rate 3. Civil Society: consults with CSOs solicits input on policy reform, Bank shares information, The and local level. regional, at the global, and forges partnerships to further our dual goals. with them on Bank-financed projects, collaborates on our strategy, a monthly and distributes more than 300 CSOs, the Civil Society team hosts a monthly update call with example: For the Meetings, Annual and Spring during the a year, Twice which reaches roughly 8,000 subscribers. CSO eNewsletter, Annual Six hundred eighty-six CSO participants attended the Forum. Policy Bank Group hosts the Civil Society World During the meetings participants attended the Spring Meetings (April 2017). Meetings (October 2016) and 850 CSO group on priority development issues with a broad around the world deliberated these civil society representatives from with the Bank on primarily by CSOs in collaboration organized dialogue sessions were held, Forty-plus of stakeholders. primary goal of the new World Bank Employee Engagement Strategy, launched in fiscal year 2017. Engagement channels channels Engagement year 2017. launched in fiscal Engagement Strategy, Bank Employee World of the new primary goal performances; halls and cultural leadership town such as live webcast internal events employee intranet; include the and dedicated briefings (for example, and targeted learning opportunities; and opinions; announcements social media intranet— Bank’s World The from leadership. and emails and broad-reach newsletters for managers) news digests World homepage on in 140 countries as the default browser devices and desktops—reaches all staff on mobile available social media calls-to- webinars, stories, announcements, communications, features leadership intranet The Bank devices. team in coordination dedicated Employee Engagement by the all curated conversations, and staff staff profiles, action, corporate Bank also promotes various The the organization. communication professionals across with a network of for the local community funds Connections Campaign to raise such as the Community communication campaigns, to voice their opinions on Engagement Survey invites staff the in-depth Employee Each year, and client countries. Bank The to the work environment. from inclusiveness leadership to career development, from issues, comprehensive key 2. Employees: 2. Employees: (cont.) 102-43 Approach to Approach 102-43 engagement stakeholder General Disclosures , and on the , http://www.worldbank.org . GRI Index The World Bank regularly reaches out to media to cover the Bank regularly reaches out to media to World The . The World Bank engages with investors including those with environmental, with environmental, engages with investors including those Bank World The The Country Opinion Survey (COS) Program systematically assesses and tracks the views the and tracks systematically assesses (COS) Program Opinion Survey Country The http://worldbank.org/en/news addition, the Bank’s reputation is managed by working with reporters to clarify Bank priorities and activities, providing to clarify Bank priorities and activities, reputation is managed by working with reporters the Bank’s addition, and transcripts, speeches, Press releases, and well-represented articles. institution views so they can write balanced website homepage, Bank’s World on the feature stories from the Bank appear news site, safeguards applied to and risk assessments to consider in project implementation, and so on). The questions come with questions come with The and so on). in project implementation, to and risk assessments to consider safeguards applied development bank from multilateral that reflect stories originating by the ESG research firms, drafted proposed responses, questions we regularly provide The receive these reports. Investors with ESG considerations press releases. watchdog exercise for the feedback on are used as part of the materiality 6. Local, national, and international media: Yong events involving President Jim including and messages, priority campaigns corporate launches, major report Bank’s drives the primary messages the Bank proactively Annual and Spring Meetings, such as the opportunities, At key Kim. 2030 and boosting shared such as its commitment to the twin goals of ending extreme poverty by of the institution, (via interviews and op-eds) and actively uses social media media outlets Bank approaches traditional The prosperity. It also such as major reports on climate change. to achieve those goals, to promote issues that need to be addressed In it does. requests to help the media better understand the Bank and what responds to all media queries and interview of external opinion leaders across client countries. The World Bank Group has collected thousands of opinions in this of opinions has collected thousands Bank Group World The across client countries. opinion leaders of external year, each three years; once every client country is surveyed Each 2012. in fiscal since its inception, program mandated from obtains feedback the COS Program a three-year cycle, over manner, In this included. to 45 countries are about 40 of such mechanism engages in a feedback organization No other multilateral client countries. in nearly all stakeholders breadth and depth. Community: 5.ESG Investor But questions arise to them. interest are of general These (ESG) investment considerations. and governance social, aspects of daily “G” and “S,” “E,” issuers based on their and rank firms that rate and rating directly from ESG research based on business-as- carbon footprint staff satisfaction, standards, fair labor (for example, internally operations—both (for example, and other stakeholders work impacts its client countries operational as its externally, usual activities) and 4. Opinion Leaders: 4. Opinion World Bank GRI Index 2017 Bank GRI Index World (cont.) 102-43 Approach to Approach 102-43 engagement stakeholder 16 General Disclosures 17 These can be found can be found These http://siteresources.worldbank. http://siteresources.worldbank.org/ and April 2017: April 2017: and . .

http://documents.worldbank.org/curated/en/910971468184790958/ The Foundations Program mobilizes political and financial support from the philanthropic world from the philanthropic and financial support mobilizes political Program Foundations The Key topics raised by employees in fiscal year 2017 via the engagement survey and through online by employees in topics raised Key online. Recent Development Committee Communiques from October 2016: 2016: Recent Development Committee Communiques from October online. DEVCOMMINT/Communiques/23733103/FM2016Communique(E).pdf org/DEVCOMMINT/Communiques/23747151/CommuniquesE.pdf 2. Employees: career trust between staff and management, efficiency of internal processes, and in-person staff engagements included: and managerial effectiveness. opportunities and development, Assistance Program (ESMAP) to help governments and donors better quantify and understand energy that is being better quantify and understand (ESMAP) to help governments and donors Assistance Program Bank Group announced a new The (E4C): and (3) Education for Competitiveness development; provided for economic It is focused to the E4C initiative. for Education linked Foundation Al Ghurair Abdulla partnership with the strategic Advisory Council, Foundation’s The children and youth. Arab of education for on improving the quality and relevance partnerships, designed to build political will and to kick-start transformative which is an annual action-oriented meeting around alongside senior Bank Group leadership, influential philanthropic leaders, convened a select group of high-level See the topic of early childhood development. The-World-Bank-Group-and-foundations-stories-of-partnership-2016 in the past year include: raised of concern Topics during Annual and Spring Meetings. 1. Member states issue communiques to advance the institution’s twin goals. Partnerships range from direct or parallel grant contributions to research, to research, contributions grant from direct or parallel range Partnerships twin goals. the institution’s to advance and access to early seed funding often provide crucial partnerships These joint advocacy. and sharing, knowledge The society grantees. network of civil Bank to reach a broad also allow the They ideas and new expertise. innovative Bank the 2017, In fiscal year all regions of the world. foundations in with more than 100 has partnerships Bank World scaling up investment with foundations that focused on number of important new partnerships Group launched a New partnerships to strengthening its existing partnerships. in addition on priority issues, and advocacy efforts Bill & Melinda Gates The (ID4D): (1) Identification for Development in fiscal year 2017 included: that were initiated and which helps countries establish robust ID4D multi-donor partnership, the first donor to the was Foundation technical assistance to to expanding ID4D’s integral role has been foundation’s The systems. inclusive identification evaluations; including impact and conducting research, developing technical guidance materials, more countries, Management Energy Sector Bank Group’s World with the is collaborating Foundation Rockefeller The (2) ESMAP: 7. Foundations: 7. Foundations: concerns raised 102-44 Key topics and (cont.) 102-43 Approach to Approach 102-43 engagement stakeholder General Disclosures . (WDR) and World Development Report Development World http://www.worldbank.org/civilsociety In fiscal year 2017, the team consulted on the IDA18 replenishment with a cross-section of CSOs and faith- of CSOs with a cross-section the IDA18 replenishment consulted on the team 2017, In fiscal year To further support development results and reach the Bank goals of ending extreme poverty and boosting shared development results and reach the Bank goals of ending extreme poverty further support To civil society and governments to work (GPSA) encourages Accountability for Social Partnership the Global prosperity, the GPSA provides achieve this objective, To challenges in developing countries. together to solve critical governance social accountability initiatives. and sustained support to CSOs’ strategic see engagement with civil society, on the Bank’s more information For The World Bank also interacted with CSOs on reports such as the annual with CSOs on reports also interacted Bank World The Group (IEG). by the Independent Evaluation conducted evaluations Annual the Interaction including in public advocacy activities with civil society, Senior management also participated who mobilized their members to organizations were among the supporters These Annual Summit. and the Results Forum which resulted in the largest replenishment in IDA history. support IDA18, CSOs on the Systematic Country Diagnostic, Bank consults with a broad spectrum of World the At the country level, these Often development projects. and individual Bank-funded sector studies, Framework, the Country Partnership Within these and donor agencies. businesses, governments, and CSOs, involve multiple stakeholders interactions with governments and the Bank is helping to build sustainable national systems for citizen engagement the operations, sector. private based organizations (FBOs), including through an IDA Forum that took place during the Spring and Annual Meetings. Annual Meetings. and during the Spring that took place an IDA Forum including through (FBOs), based organizations with In collaboration Force. Task Violence Gender-Based creation of the with CSOs about the also consulted team The Bank- World visits to which included site year 2017, took place in fiscal regional workshops three region, Africa the client civil society in engagement with and deepened and Nairobi Johannesburg, Dakar, Abuja, projects in financed (1) the need for greater including a number of issues, CSOs and FBOs raised Africa workshops, the During countries. and (3) the desire to see the ad hoc engagement; than episodic or of ongoing rather (2) the importance capacity building; partners and monitors of Bank-financed as implementing Bank operations World and FBOs more in WBG engage CSOs goals and commitments to produced an action plan that outlined and FBO participants in each workshop CSO projects. shared development in order to advance Bank country offices World and successfully with more systematically interact to partnering with other regions is exploring Team Civil Society The development effectiveness. priorities and improve in fiscal year 2018. organize similar workshops 3. CSOs: World Bank GRI Index 2017 Bank GRI Index World 102-44 Key topics and Key topics and 102-44 concerns raised (cont.) 18 General Disclosures 19 http:// does not cover activities . GRI Index 2017 www.worldbank.org/about Investors ask the World Bank about project implementation and how safeguards project implementation and how safeguards Bank about World Investors ask the . In fiscal year 2017, the mean rating for the Bank Group’s effectiveness and impact on and impact effectiveness Bank Group’s for the rating the mean 2017, In fiscal year The key priority in fiscal year 2017 was the continued promotion and implementation of the World Bank World implementation of the the continued promotion and priority in fiscal year 2017 was key The The content and data in this document relate to the International Bank of Reconstruction and Development (IBRD) and data in this document relate to the International Bank of Reconstruction content and The The Bank. World the together, Association (IDA), the International Development the Multilateral (IFC), Finance Corporation the International Bank Group: World of the other three agencies of the These Settlement of Investment Disputes (ICSID). and the International Centre for Agency (MIGA), Investment Guarantee Bank Group have been made in this report as World Some references to the annual reports. agencies publish separate appropriate. see Bank and its sibling agencies, World the more about For and supply chain during project implementation, and how well the companies procured for project implementation are procured for project implementation and how well the companies project implementation, and supply chain during the projects are being and child labor within the country where any violation of human rights vetted in order to prevent financed. 6. Media: fostering sustainable growth; (1) the organization is working to achieve them: in which Group goals and the three ways on the need for new emphasis was communications The and (3) building resilience. (2) investing in human capital; Specific issues included forced displacement, finance. and to crowd in private approaches to development finance of our biannual global economic issuance and promotion The economic empowerment. and women’s pandemics, coverage. prospects also garnered strong media development results (combined rating for two variables) in the Bank Group’s client countries was 6.6 on a 10-point scale 6.6 on countries was client Group’s in the Bank for two variables) rating results (combined development similar COS had statistically the fiscal year 2016 2017 COS and in the fiscal year Participants COS respondents. across all the 6.6; 2017 was mean in fiscal year results (the impact on development effectiveness and the Bank Group’s for ratings Bank Group’s the institution) rated who work with the respondents Clients (those 6.6). year 2016 was mean in fiscal (statistically similar to the fiscal 7.4 positively: development partners in IDA countries with other donors and collaboration ratings the client variables), for two accessibility (combined rating On responsiveness and staff 7.3). 2016 COS rating: see more information, For 6.9). rating: similar to the fiscal year 2016 COS 6.8 (statistically were relatively lower: countrysurveys.worldbank.org/ Community: 5. ESG Investor procurement labor the resettlement, includes preventing risks behind This and environmental risks. help reduce social 4. Opinion Leaders: 4. Opinion the consolidated financial statements Reporting practice 102-45 Entities included in 102-44 Key topics and Key topics and 102-44 concerns raised (cont.) General Disclosures Impacts internal to the organization (“corporate boundary”): “Corporate boundary” refers to the impact from activities boundary” “Corporate boundary”): (“corporate Impacts internal to the organization and managing staff members. Bank facilities World such as operating over which it has direct control, Operational impact from financial and technical services to clients can be summarized most pertinent sustainability impacts Bank’s World The in the following GRI-related aspects: is part of the mission of eliminating value – Because creating and distributing economic Economic Performance 1. of the institution. and investors care about the sustainable economic performance shareholders extreme poverty, goal of reducing poverty and boosting impacts are an essential aspect of the Bank’s These Indirect Economic Impacts – 2. shared prosperity. To ensure representation of sustainable development, an additional criterion was added to give preference for impact on added an additional criterion was development, ensure representation of sustainable To the local economy. to the information and validate prioritize, Defining Report Content have been applied to identify, Principles for The and the substantive expectations and interests of its impacts, activities, Bank’s World be disclosed by considering the and a threshold is set to prioritize GRI aspects to include in the report. Each criterion above is given a point stakeholders. “operational” within the indirect impacts lay management control of impacts: Boundaries are defined based on the boundary. “corporate” the boundary while direct impacts fall within countries as a result Indirect impacts occur in member boundary”): (“operational Impacts external to the organization Impacts management. and analytical services and may not be directly controlled by the Bank’s Bank lending World of impacts.” “operational work with clients are specified as Bank’s World stemming from the institution’s Boards and President, considering stakeholder input, as well as ascertaining sustainability impacts of carrying sustainability impacts as ascertaining as well input, stakeholder considering Boards and President, institution’s civil society COS Program, the channels: through three key feedback is gained Stakeholder and vision. out the mission groups. investor research and queries from feedback, out based on the assessment is carried an report on, Bank to World the is material for if a GRI aspect determine To business-case The stemming from its business. and sustainability impacts business, the Bank’s potential impacts on (based on the above to stakeholders the importance reputational risks to the organization, potential category evaluates Corporate Bank World in the goals and those identified as material mission and the linkages with the Bank’s sources), as outlined by the and social criteria, sustainability impact refers to environmental The Plan. Responsibility Strategic emissions; accumulation of persistent or toxic the crust; from the earth’s material extracted namely, Step, Natural their needs are undermined. ability to meet and the extent to which people’s destructive processes; industry or extractive The topics deemed relevant for disclosure were identified by assessing annual corporate priorities outlined by the priorities outlined annual corporate identified by assessing for disclosure were deemed relevant topics The World Bank GRI Index 2017 Bank GRI Index World topics 102-47 List of material Boundaries 102-46 Defining report Defining report 102-46 and topic content 20 General Disclosures 21 covers fiscal year 2017, July 1, 2016, through June 30, 2017. through June 30, 2016, July 1, covers fiscal year 2017, GRI Index 2017 2. The Bank recognizes that reducing its own corporate environmental impacts is in line with the institutional mission Bank recognizes that reducing its own corporate The 2. Increasing the efficiency of poor disproportionately. affects the world’s environmental degradation as to reduce poverty, facility-level and staff-behavior changes—reduces natural-resource how the organization runs its business—through environmental footprint include: related to the Bank’s aspects Key operations. and decreases the cost of day-to-day waste Practices. and Procurement Waste, Effluents and Emissions, Water, Energy, Materials, into account that take reclassifications of financial information have been made to show net revenues certain In EC1, externally funded activities. change in presentation of revenue from topic Boundaries. from previous reporting periods in the list of material topics and were no changes There The managing its fiscal resources in a prudent manner. Opinion leaders in the Bank’s client countries listed anti-corruption as client countries listed anti-corruption leaders in the Bank’s Opinion resources in a prudent manner. managing its fiscal priorities. one of their development Corporate Impact following: include the internal operations aspects of the Bank’s most material The of perspectives to bear on poverty-reduction issues range bring a wide They greatest asset. Bank’s World Staff are the 1. and knowledge core operational of the Bank’s and are critical to the effectiveness and emerging development challenges, Market Economic Performance, categories: Staff-related indicators are pulled from the following GRI aspect services. and Equal Opportunity, Diversity and and Education, Training Safety, Occupational Health and Employment, Presence, Nondiscrimination. international funding sources for biodiversity worldwide. for biodiversity worldwide. funding sources international for its projects, human rights through Bank promotes World The Rights – Labor / Indigenous Rights / Child Human 4. of Indigenous the participation promoting and water; food, education, to health, access people’s improving poor example, their citizens; of governments to and transparency the accountability strengthening in decision making, Peoples process of Bank’s World society actively followed the civil In addition, corruption. and fighting reform; supporting justice 2016. concluded in fiscal policies, updating its safeguard are important elements of an that CDD approaches and actions Bank recognizes World The Local Communities – 5. strategy. and sustainable development effective poverty reduction is a well-functioning public sector mission to alleviate extreme poverty Bank’s World – Critical to the Anti-Corruption 6. growth while market-led preferences and fosters private, public services consistent with citizen that delivers quality 3. Biodiversity – Through lending and grant support to client countries, the World Bank Group is one of the largest the largest is one of Group Bank World the countries, support to client grant lending and Through – Biodiversity 3. 102-50 Reporting period information 102-49 Changes in reporting 102-48 Restatements of 102-47 List of material List of material 102-47 topics (cont.) General Disclosures In . World Bank Bank World . Sustainability Review. and GRI Index [email protected] is published biennially. is published http://worldbank.org/corporateresponsibility auditors. were made available in October 2016. in October available were made GRI Index annually and provides a summary of the year’s activities in the of the year’s and provides a summary annually and IFC Annual Report World Bank Sustainability Review Bank World GRI Index has been prepared in accordance with the GRI Standards: Core option in accordance with the GRI Standards: has been prepared webpage: on the following is available . An . in-depth Sustainability Review Sustainability GRI Index 2017 GRI Index 2017 The The for its Bank has not set a policy on gaining external assurance World The carbon inventory The carbon emissions data periodically. corporate is carried out for the Bank’s limited assurance practice, is also assured every year by the Annual Report Responsibility Program: email the Corporate more information, For The The World Bank updates its Bank updates World The The previous previous The World Bank GRI Index 2017 Bank GRI Index World 102-55 GRI content index 102-55 GRI content 102-56 External assurance in accordance with the GRI in accordance Standards report of reporting 102-54 Claims 102-53 Contact point for 102-53 Contact the questions regarding 102-52 Reporting cycle 102-52 102-51 Date of most recent Date of most recent 102-51 report 22 Operational Impact 23 . . http://scorecard.worldbank.org http://www.worldbank.org/financialresults OPERATIONAL IMPACT OPERATIONAL To better understand the business models of each entity, please see the IBRD Management’s Discussion & Analysis & Discussion please see the IBRD Management’s better understand the business models of each entity, To See Financial Statements, (MD&A) and the IDA MD&A. In fiscal year 2017, IBRD’s net revenues totaled $1.98 billion ($1.89 billion and $1.96 billion for 2016 and 2015, billion and $1.96 billion for 2016 and 2015, net revenues totaled $1.98 billion ($1.89 IBRD’s In fiscal year 2017, 2015, revenues were $1.32 billion ($1.93 billion and $1.53 billion for 2016 and net IDA’s and respectively), Equity Management, net revenue from IBRD’s of revenues include net revenue from loans, Sources respectively). last year due is different from This from affiliated organizations. and transfers revenue from investments trading, which is offset by a corresponding from externally funded activities, to a change in the presentation of revenue amounts are being shown net. These expenses. amount in administrative ($1.30 billion and $1.28 billion for 2016 expenses were $1.18 billion administrative IBRD’s In fiscal year 2017, were $4.09 expenses for fiscal year 2017 and development grant administrative and IDA’s respectively), and 2015, lending Bank has delivered a strong The respectively). for 2016 and 2015, billion ($2.41 billion and $3.63 billion expenses. while containing its administrative program value generated and distributed performance of its lending portfolio. For more information on the Corporate Scorecard, see Scorecard, information on the Corporate more For performance of its lending portfolio. economic 201-1 Direct provide a snapshot of the Bank’s overall performance in the context of development results. It facilitates strategic dialogue between management dialogue between management It facilitates strategic performance in the context of development results. overall provide a snapshot of the Bank’s which III, Tier of financial strength are measured under the Scorecard’s Aspects areas that need attention. and the Board on progress made and including the Bank operations, in achieving development goals and examines the effectiveness of success of Bank activities reviews the overall of the global population living in extreme poverty to 3 percent by the year 2030—and to boost shared prosperity—increasing the income of the poverty to 3 percent by the year 2030—and to boost shared prosperity—increasing of the global population living in extreme Scorecard is designed to Bank Corporate World The Both of these goals must be met in a sustainable manner. bottom 40 percent of the population. in the international capital markets. IDA’s funding is predominantly from contributions by donor countries, including OECD countries and, increasingly, increasingly, countries and, including OECD by donor countries, funding is predominantly from contributions IDA’s capital markets. in the international middle-income nations. share to end extreme poverty—reducing the efforts: international and national goals to galvanize ambitious but achievable Bank has established The countries through loans, guarantees, risk-management products, and analytical and advisory services. Its companion organization, IDA, offers below- IDA, organization, Its companion and advisory services. and analytical products, risk-management guarantees, loans, countries through high-quality bonds offered IBRD funds itself through and grants. primarily through credits 78 poorest countries, financing to the world’s market-rate such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and and agriculture, sector development, financial and private infrastructure, public administration, health, such areas as education, resource management. natural middle-income and credit-worthy poorer IBRD strives to reduce poverty in at two different groups of countries: lending is aimed Bank’s World The 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 It is not a developing countries around the world. and technical assistance for is an important source of financial resources Bank World The of investments in a wide array Bank supports The to reduce poverty and support development. but a unique partnership formed the ordinary sense, GRI 200 Economic Standard Series Economic Standard GRI 200 Performance Economic Operational Impact . http://www.worldbank.org/ . www.cdp.net http://www.worldbank.org/climatechange . countries. Monetary Fund. The governors delegate specific duties to 25 Executive Directors, who work onsite at the Bank. The five largest The onsite at the Bank. who work duties to 25 Executive Directors, governors delegate specific The Monetary Fund. are represented by elected Executive Directors. while other member countries shareholders appoint an Executive Director, through both paid-in financial strength that supports IBRD’s IBRD has a diversified shareholder base Member contributions: to meet obligations of IBRD for funds borrowed or on Callable capital may be called only when required and callable capital. Financial Statements, see capital contributed by a member country, For by it. loans guaranteed financialresults trust funds are financial and administrative resources, own from the Bank’s accounted for separately Generally funds: Trust such as technical high-priority development needs, funding of with external donors that lead to grant arrangements and co-financing. transition, post-conflict debt relief, advisory services, assistance, Bank receives tax-exempt status from its member World the established by international treaty, As an organization Taxes: quickly toward meeting these targets. In 2016 and 2017, projects representing 10 gigawatts of renewable energy of renewable projects representing 10 gigawatts In 2016 and 2017, these targets. meeting quickly toward During mobilization of $6.5 billion. with fund stage of preparation, or are in an advanced capacity were approved will improve the climate resilience were approved that when put into place, 10 new operations the same period, of over 50 million people. see projects, details on climate-related For change are activities due to climate implications of the Bank’s Risks and opportunities and the subsequent see the complete report, For Project. reported through the Climate Disclosure who are the ultimate policymakers a Board of Governors, are represented by or shareholders, Bank member countries, World They of development. the governors are member countries’ ministers of finance or ministers Generally, Bank. World at the Bank Group and the International World Annual Meetings of the Boards of Governors of the meet once a year at the vulnerable are being hit the hardest. Concerted and rapid action will be key to mitigate the effects of climate the effects of to mitigate be key action will and rapid Concerted hardest. are being hit the vulnerable see the potential as countries around the world way is already under development A shift to low-carbon change. The in cities. reduce congestion and improve air quality, growth, drive economic jobs, action to create for climate the Nationally targets, national climate achieve their fronts to help countries is working on several Bank World Paris Bank client countries as part of the were submitted by more than 140 which Determined Contributions, change. Agreement on climate the Bank Group’s climate financing to 28 percent of Group has committed to increase its Bank World The a Climate the organization adopted meet this commitment, To in response to client demand. portfolio by 2020, climate- in such areas as clean energy, targets to be met by 2020 Action Plan that lays out ambitious Change Bank Group has been moving The and sustainable urbanization. disaster risk management, smart agriculture, Climate change is already affecting countries and communities around the world, and the poorest and most the poorest and and around the world, and communities countries is already affecting Climate change World Bank GRI Index 2017 Bank GRI Index World assistance received assistance received government from 201-4 Financial risks and opportunities opportunities risks and climate change due to 201-2 Financial 201-2 Financial and other implications 24 Operational Impact 25 http:// World Bank Annual World . www.worldbank.org/annualreport , . . . World Bank Annual Report 2017 World www.worldbank.org/annualreport , sustainable macroeconomics, public sector transparency and efficiency, productivity, and financial sector deepening and financial sector deepening productivity, and efficiency, public sector transparency sustainable macroeconomics, sustainable economic for reducing poverty and promoting inclusive, and stability—all foundational elements and disciplines, expertise on development-related providing loans, Bank pursues its principal goals by The growth. financial Bank’s The responses to regional and global challenges. risk management products and by coordinating and diversity lie at the core range, scale, Bank’s The is its knowledge. and equally valuable resources are significant, contributor to global development knowledge. of its specialized role as a key of the Roles and Resources “The see and region, sector, of the fiscal year 2017 portfolio by theme, a breakdown For in the Bank” World results: performance in the context of development overall Scorecard for the Bank’s See the Corporate scorecard.worldbank.org Infrastructure development—in the energy, water, transport, and information and communication technology and information and communication transport, water, the energy, development—in Infrastructure supports governments Bank World The to reducing poverty. economic growth and to accelerating sectors—is critical a solid evidence base to and crucially, convening power, financial instruments, by providing analysis and advice, which can services, informed decisions about improving access to and the quality of infrastructure help them make partnerships. sector financing and public–private private leveraging where appropriate, include, see the Bank, World projects financed by the about the infrastructure more information For Report 2017 World The growth. poorest people to benefit from economic every country’s Equitable policies and institutions help decisions that promote equity and inclusion, evidence-based to reach well-informed, Bank supports policymakers http://scorecard.worldbank.org indirect economic indirect impacts 203-2 Significant investments and investments and services supported on the Corporate Scorecard, see Scorecard, on the Corporate 203-1 Infrastructure of the global population living in extreme poverty to 3 percent by the year 2030—and to boost shared prosperity—increasing the income of the shared prosperity—increasing the percent by the year 2030—and to boost living in extreme poverty to 3 of the global population Scorecard measures the progress Bank Corporate World The a sustainable manner. goals must be met in These of the population. bottom 40 percent information more For Bank Group. World by clients with the support of the results achieved and multisectoral sectoral It reports key on these goals. The Bank has established ambitious but achievable goals to galvanize international and national efforts: to end extreme poverty—reducing the share to end extreme poverty—reducing and national efforts: international goals to galvanize but achievable Bank has established ambitious The the ordinary sense, but a unique partnership formed to reduce poverty and support development. The Bank supports a wide array of investments in of investments array supports a wide Bank The development. poverty and support formed to reduce a unique partnership but sense, the ordinary and and environmental agriculture, sector development, and private financial infrastructure, public administration, health, as education, such areas management. resource natural Indirect Economic Impact Economic Indirect is not a bank in It the world. countries around for developing and technical assistance resources source of financial Bank is an important World The Operational Impact www. . For more information on INT, see more information on INT, For . www.worldbank.org/governance Keeping staff who work on projects attuned to risks arising from investigations and forensic audits is critical to work on projects attuned to risks arising from investigations and forensic staff who Keeping INT had As of the end of fiscal year 2017, to deliver results. are able in particular, ensuring high-risk operations, consisting of 117 projects under projects as being exposed to specific integrity risks, WBG-financed identified 157 including projects were identified on the basis of specific criteria, The implementation and 40 in the pipeline. INT of multiple credible complaints. and the existence investigations, ongoing and recently substantiated relevant the risks could be addressed through strengthened project design or project teams so that alerted the relevant supervision. INT assesses and investigates allegations of corruption involving WBG financing. In fiscal year 2017, INT opened In fiscal year 2017, WBG financing. of corruption involving INT assesses and investigates allegations and obstruction in 55 Bank Group- coercion, collusion, fraud, corruption, 51 external investigations into possible and investigations substantiated in the fiscal year involved 52 projects The financed projects in 33 countries. $727 million. totaling approximately included the review of 147 contracts, . World Bank GRI Index 2017 Bank GRI Index World 205-1 Operations assessed for risks to corruption related risk sectors. For more information on the Governance Global Practice, see Global Practice, more information on the Governance For risk sectors. worldbank.org/integrity that sanctioned entities must satisfy to be released from a WBG sanction. By combining investigations with an enhanced focus on compliance, on compliance, investigations with an enhanced focus By combining WBG sanction. a must satisfy to be released from that sanctioned entities It is and corruption risks. to managing fraud INT promotes a proactive approach and building preventive measures in projects, detection of red flags, contexts and high- particularly in fragile can impact development resources, as they and effective manner, vital to manage these risks in an efficient the investigative findings it refers to national authorities, and by sharing its insights with relevant ministries to help bolster their business systems and ministries to help bolster their relevant and by sharing its insights with it refers to national authorities, the investigative findings compliance programs Office to institute integrity and NGOs through its Integrity Compliance sector INT further works with the private administration. activities (external investigations), as well as allegations of significant fraud and corruption involving Bank staff and vendors (internal investigations). and vendors (internal investigations). and corruption involving Bank staff fraud as well as allegations of significant investigations), activities (external Group-financed from participating in future Bank Sanctions System prevent these parties Group debarments made through the Any resulting Bank and forensic reviews, countries through its joint investigations INT also helps client as a deterrent to other potential wrongdoers. projects and serve The Bank Group’s Sanctions System is comprised of three independent offices: the Integrity Vice Presidency (INT) and two adjudicative units, the adjudicative units, Vice Presidency (INT) and two the Integrity three independent offices: Sanctions System is comprised of Bank Group’s The in Bank Group-supported and corruption allegations of fraud INT investigates Board. and the Sanctions and Debarment, Office of Suspension while managing its fiscal resources in a prudent manner. World Bank Group (WBG) operations across sectors systematically incorporate governance governance incorporate sectors systematically across operations Bank Group (WBG) World manner. in a prudent its fiscal resources while managing development funds and ensure that and fiduciary risks mitigate corruption is to better objective The into project design. measures and anticorruption purposes. are used for their intended Anti-Corruption preferences, with citizen services consistent delivers quality public public sector that a well-functioning mission is Bank Group’s World the Critical to 26 Operational Impact 27 http://pubdocs.worldbank.org/en/489491449169632718/ . The Bank Group harmonized investigative procedures and definitions of sanctionable Bank Group harmonized investigative procedures and definitions The All new employees receive an overview of relevant staff rules and how to report suspected staff receive an overview of relevant All new employees INT provides all new Executive Directors of the Board and their Advisors with an overview of INT’s of INT’s Advisors with an overview Board and their Directors of the all new Executive INT provides entities have been sanctioned with such conditions. In fiscal year 2017, the Integrity Compliance Office notified 45 In fiscal year 2017, conditions. entities have been sanctioned with such more For met their conditions for release. and 13 entities for release, newly debarred entities of their conditions see Guidelines, information on the Integrity Compliance Integrity-Compliance-Guidelines-2-1-11.pdf fiscal year 2017 involved corruption by firms or individuals working on of 32 substantiated cases in Twenty-two Bank Group-funded projects. barred from rehire. permanently One short-term consultant was fiscal year 2017. vendors were debarred in No corporate Group or its employees in fiscal year 2017. Bank World No corruption cases were brought against the Policy and Country Services (OPCS) Vice Presidency ran one targeted clinic on Anti-Corruption in Projects that Anti-Corruption in Projects one targeted clinic on ran Vice Presidency and Country Services (OPCS) Policy (300 staff) of practice community Anti-Corruption-in-Operations Governance and OPCS’s reached 25 participants. in fiscal year Also, level. corruption risks at a project’s to Bank Group staff on and training also fosters outreach which featured two sessions focused on corruption 600 staff attended the Governance Forum, more than 2017, and illicit financial flows. Business partners: Inter- the African Development Bank, the Asian Development Bank, (including corruption) with the practices Firms and individuals and Development. and the European Bank for Reconstruction American Development Bank, such as establishing and implementing an must meet specific conditions, who are blacklisted by the Bank Group eligible to bid before they are again or improving an existing program, compliance program effective corporate 289 date, To conditions are based on the Integrity Compliance Guidelines. These on Bank Group-funded projects. mandate, structure, and case portfolio and highlights relevant issues during the Board Induction program. The Audit The program. the Board Induction issues during relevant and highlights and case portfolio structure, mandate, quarterly basis on in more detail on a is briefed Executive Directors, made up of eight of the Board, Committee 2017. Clinic in fiscal year Integrity INT’s Directors attended Advisors to Executive Thirty-eight activities. these same members projects so that Board Group-financed can impact Bank about how corruption awareness raises clinic This projects before approving them. are better able to assess Employees: agencies in client working for ministries and implementing Eight hundred seventy-nine persons corruption issues. INT related to integrity in Bank from received information and training and CSOs agencies, enforcement countries, as forensic auditing, more than 1,200 staff on topics such for INT organized training Group-financed operations. the Operations same year, That corruption in fiscal year 2017. and spotting indicators of integrity due diligence, Board: and actions taken 205-3 Confirmed incidents of corruption corruption policies and policies and corruption procedures 205-2 Communication 205-2 Communication about anti- and training Operational Impact World Bank GRI Index 2017 Bank GRI Index World of climate and hydrological systems. The number of people deriving direct and indirect benefits from trees—in the form of employment, forest trees—in the form of employment, number of people deriving direct and indirect benefits from The of climate and hydrological systems. at 1.3 billion. and contributions to livelihoods and incomes—is estimated products, 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 economic, lasting social, to boost the potential of forests to lift people out of poverty and generate for fiscal years 2016–2020 that aims regulation provide vital resources and ecosystem services for humanity through the and trees Forests countries. environmental returns in developing projects that involve the significant conversion or degradation of critical natural habitats unless there are no feasible alternatives for the project and habitats unless there are no feasible alternatives of critical natural or degradation projects that involve the significant conversion outweigh the environmental costs. benefits from the project substantially that overall analysis demonstrates and comprehensive its siting, Plan Action WBG developed a Forest the sector, portfolio in the forest Group review of the Bank’s In response to a 2013 Independent Evaluation as biodiversity offsets. as biodiversity offsets. does not support Bank World The habitats. lands to preserve critical natural Bank-financed projects are sited on already converted Wherever feasible, (funded by GEF plus IDA and Trust Funds); and Colombia Sustainable Cattle Ranching (funded by GEF and Trust Funds); and (3) Infrastructure and and (3) Infrastructure Funds); Trust and and Colombia Sustainable Cattle Ranching (funded by GEF Funds); Trust (funded by GEF plus IDA and mitigate adverse impacts, in order to maintain environmental services, that address biodiversity conservation other large-scale development projects areas large conservation Both support 2 Dam. Theun Dam and Lao Nam the Cameroon Lom Pangar for example, and enhance biodiversity outcomes, (2) Broader agricultural and natural resource management projects (including landscape-level interventions) such as in Burundi, where biodiversity- as in Burundi, management projects (including landscape-level interventions) such resource and natural (2) Broader agricultural Wall in support of the Great Green Africa Program West the Sahel and is scaled up to a larger agriculture project; friendly shade coffee in PADZOC management. We address biodiversity through country-specific and regional projects, for example: for example: and regional projects, address biodiversity through country-specific We management. Africa iSimangaliso such as the South (GEF) funding, Global Environment Facility including with the Bank’s projects, (1) Dedicated conservation Funds); Trust (supported by GEF plus IDA and Program Wildlife and the Global Amazon Landscape Program; the Park; Wetland cultural and spiritual identities. and spiritual cultural resource improve natural to stakeholders works with national and local Practice Resources (ENR) Global and Natural Environmental Bank’s World The resources and the environment inflict damage on developing countries worth more than $70 billion a year. The livelihoods, welfare, and safety nets of welfare, livelihoods, The billion a year. countries worth more than $70 environment inflict damage on developing resources and the especially significant for the Biodiversity is ecosystems. and semi-natural natural often inextricably dependent on are women, especially poor, the rural their wellbeing—is the foundation for from being a source of livelihood and for whom nature—apart peoples of the world, 300 million indigenous 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 extreme poor for 78 percent of the world’s It has consequences to extreme events. and resilience food security, supply, water livelihoods, affecting natural Bank estimates that crimes World The a living. the goods they produce to make of whom rely on ecosystems and many areas, rural Biodiversity as social ecological as well and to maintain for sustainability And it is essential wellbeing. growth and human supports economic Biodiversity on has negative effects which of biodiversity, loss a dramatic world is experiencing But the as climate change. to disturbances such resilience GRI 300 Environmental Standards Series Standards Environmental GRI 300 28 Operational Impact 29 advisory work, project financing, and policy dialogue. From fiscal years 2006–2016, 92 projects supported habitat 92 projects supported 2006–2016, fiscal years From dialogue. and policy project financing, advisory work, and region (LAC) and the Caribbean America the Latin emphasis on with a geographic or restored areas, protected two in Asia, and Central six in East Asia and the Pacific, and 17 in East respectively), and 31 projects, Africa (33 five projects (two supported through was Habitat restoration Asia. South and three in Africa, and North Middle East in LAC). and two Asia, in East and Central one Africa, in Initiative and African Resilient Landscapes the on Forests; Declaration York New the include: Our ongoing programs Landscape Restoration; on Forest the Global Partnership Initiative; African Restoration the its forest component, and Crime Wildlife Conservation on Partnership the Global 20x20; the Initiative LAC Partnership; TerrAfrica the the and Crime; Wildlife on Combating the International Consortium Development; Prevention for Sustainable Landscapes Program. Amazon Sustainable The Bank supports the protection, maintenance, and rehabilitation of natural habitats—and their functions in its their functions in habitats—and rehabilitation of natural and maintenance, supports the protection, Bank The the Government of Uzbekistan and we are supporting its efforts to eliminate forced labor by cutting cotton production, diversifying agriculture, and diversifying agriculture, are supporting its efforts to eliminate forced labor by cutting cotton production, the Government of Uzbekistan and we commitment to responsible labor practices. sector players who demonstrate also support private We increasing mechanization. concludes that organized child labor has been “phased out” in Uzbekistan and calls this a major achievement. However, concerns remain regarding However, and calls this a major achievement. in Uzbekistan “phased out” has been concludes that organized child labor Bank does not condone forced labor in any form World The the widespread organized recruitment of adults. the risks of forced labor associated with on labor issues to continue to voice our strong concerns We reports of incidents in the cotton production system of Uzbekistan. seriously and takes Uzbekistan focus on improving agricultural productivity, promoting sustainable management of land and water resources, increasing the efficiency increasing the efficiency resources, promoting sustainable management of land and water productivity, Uzbekistan focus on improving agricultural of Results services. is also supported through analytical and advisory This competitiveness. and enhancing the economy’s of irrigation infrastructure, ILO report The 2017. 1, were made public on February (ILO), conducted by the International Labor Organization the 2016 cotton harvest monitoring, measures that would be implemented during the project to mitigate the risk. The World Bank has been actively supporting the diversification of Bank has been World The during the project to mitigate the risk. measures that would be implemented support is clearly This and livestock. crops such as fruit and vegetables, and wheat into other high-value production beyond cotton agricultural agriculture projects in Bank-financed World The approved in 2016. that was Framework Bank Group Country Partnership World defined in the The World Bank recognizes that child labor is one of the most devastating consequences of persistent poverty. All standard World Bank bidding World All standard consequences of persistent poverty. Bank recognizes that child labor is one of the most devastating World The Staff in Bank-supported Bank projects. World financed under any the use of child or forced labor in contracts documents contain a clause prohibiting and develop specific within the environmental and social aspects of the projects such as child labor, issues, are required to assess social operations Child Labor GRI 400 Social Standards Series Standards GRI 400 Social 304-3 Habitats 304-3 Habitats or restored protected Operational Impact ; http://pubdocs.worldbank.org/en/580951496269667203/Uzbekistan-QA- http://pubdocs.worldbank.org/en/269051485892885586/IOL-Monitoring-Report.pdf . project activities or within project areas. within project areas. project activities or forced labor during the of measures against child and Monitoring Party “Third see more information, For Bank by the International Labour World submitted to the An assessment Uzbekistan 2016 Cotton Harvest: 2017: January Office,” Labor in the Context of Child and Forced in Uzbekistan Agriculture Sector Policy Bank’s World “Q&A on the and 2017: last updated January Concerns,” Updated-2017.pdf included measures to prevent the occurrence of child or forced labor by beneficiaries of Bank-supported projects. projects. of Bank-supported labor by beneficiaries of child or forced the occurrence measures to prevent included of with the Government the cotton sector at transforming dialogue aimed pursuing policy Bank continued The Both in in 2016. continued in 2015, which started the ILO, conducted by Monitoring, Party Third Uzbekistan. stated the practice the organization and labor, use of child found no systematic ILO monitors 2016, 2015 and Bank still World both the ILO and the However, “socially unacceptable.” and has become “phased out” has been The to pick cotton. with the mass mobilization of adults the risk of forced labor associated have concerns about aimed and outreach activities awareness, of training, is conducting a range with the Bank, in collaboration ILO, sectors affected by the risks as well as other in agriculture, All projects relations in agriculture. at improving labor to and government in their financial agreements related include legal requirements labor, of child and forced of a third- and implementation use of child or forced labor; legislation that prohibits the compliance with national connection with the on child or forced labor issues in a feedback mechanism that focuses party monitoring and In fiscal year 2017, the World Bank continued to ensure that at-risk projects, such as those in Uzbekistan, in Uzbekistan, as those such projects, that at-risk continued to ensure Bank World the 2017, In fiscal year World Bank GRI Index 2017 Bank GRI Index World vital role in sustainable development and that their rights are increasingly being addressed under both domestic and international law. and that their rights are increasingly being addressed under both domestic vital role in sustainable development in their national societies, Indigenous Peoples are frequently among the most marginalized and vulnerable segments of the population. As a result, As a result, population. segments of the frequently among the most marginalized and vulnerable are Indigenous Peoples in their national societies, productive and other territories, defend their interests in and rights to lands, and legal status often limits their capacity to social, their economic, play a Peoples the Bank recognizes that Indigenous At the same time, or restricts their ability to participate in and benefit from development. resources, Peoples to different types of risks and levels of impacts from development projects, including loss of identity, culture, and customary livelihoods. Gender and customary livelihoods. culture, including loss of identity, types of risks and levels of impacts from development projects, to different Peoples from dominant groups As social groups with identities that are often distinct are also complex. Peoples issues among Indigenous and intergenerational Central to the Bank’s mission of reducing poverty and promoting sustainable development is ensuring that the development process fully respects the mission of reducing poverty and promoting sustainable development is to the Bank’s Central are Bank recognizes that the identities and cultures of Indigenous Peoples The and cultures of Indigenous Peoples. economies, human rights, dignity, distinct circumstances expose Indigenous These depend. resources on which they to the lands on which they live and the natural inextricably linked Rights of Indigenous Peoples Rights of Indigenous Peoples risk for incidents of risk for child labor 408-1 Operations and and 408-1 Operations at significant suppliers 30 Operational Impact 31 . http://www.worldbank.org/inspectionpanel . https://consultations.worldbank.org/consultation/ . In fiscal 2016, two projects were processed under the pilot approach for early solutions. Paraguay: Sustainable Paraguay: approach for early solutions. two projects were processed under the pilot In fiscal 2016, Electric Expansion Project was and Kenya: closed in March, Development Project was Agriculture and Rural investigated and is under review. website: see case updates on the Inspection Panel more information, For http://www.worldbank.org/indigenouspeoples violations involving rights of indigenous peoples review-and-update-world-bank-safeguard-policies 411-1 Incidents of For more information, see more information, For see on the safeguards review process, more information For yielded important results in terms of participation, information gathered, and the beginning of a renewed and stronger relationship with Indigenous and the beginning of a renewed and stronger relationship with Indigenous information gathered, participation, yielded important results in terms of Peoples. safeguards review included a Global Dialogue and Engagement process with Indigenous Peoples that sought to incorporate Indigenous Peoples in Indigenous Peoples to incorporate that sought process with Indigenous Peoples included a Global Dialogue and Engagement safeguards review Bank support to and engagement World as well as to strengthen Environmental and Social Framework, Bank’s World the review and update of the which dialogue sessions, dedicated Indigenous Peoples included several the framework consultations on The more generally. with Indigenous Peoples, The new framework advances the Bank’s existing Indigenous Peoples policy by including Free, Prior, and Informed Consent (FPIC), and by addressing Consent (FPIC), and Informed Prior, policy by including Free, Peoples existing Indigenous the Bank’s advances new framework The The International Financial Institutions. well harmonized with those of other provision is This pastoralists. and isolation, peoples in voluntary environment in World Bank-financed investment projects, marking the end of a four-year review process that concluded in fiscal 2016. This was the was This concluded in fiscal 2016. review process that the end of a four-year marking investment projects, Bank-financed World environment in period and training an intensive preparation Bank will now implement World The Bank has ever conducted. World the most extensive consultation 2018). (expected in calendar year framework to the new prepare for the transition (12–18 months) to Bank provides project financing only where there is broad community support to the project by the affected Indigenous Peoples. community support to the project financing only where there is broad Bank provides project the for protecting people and a new Environmental and Social Framework Board of Executive Directors approved Bank World the August 2016, In identify Indigenous Peoples, consult with them, and ensure that they participate in and benefit from Bank-funded operations in a culturally appropriate appropriate a culturally in operations from Bank-funded in and benefit that they participate and ensure them, consult with Peoples, identify Indigenous for that are proposed all projects For or mitigated. minimized where not feasible, or, them are avoided impacts on emphasizes that adverse It also way. The informed consultation. and prior, in a process of free, to engage requires the borrower the Bank involve Indigenous Peoples, Bank financing and Rights of Indigenous Peoples (cont.) Indigenous Rights of Bank staff to borrowers and the need for underscores Indigenous Peoples, OP/BP 4.10, Peoples, policy on Indigenous Bank safeguards World The Operational Impact . http://worldbank.org/esf . World Bank GRI Index 2017 Bank GRI Index World harm to people and the environment. For updates, see updates, For harm to people and the environment. In August 2016, the World Bank’s Board of Executive Directors approved a new Environmental and Social Framework to protect people and the Framework Board of Executive Directors approved a new Environmental and Social Bank’s World the August 2016, In will be new framework The the review and update. helped motivate the previous framework of A 2011 evaluation environment in its projects. by helping to avoid or mitigate to sustainability and development effectiveness in Bank projects and programs launched in 2018 and will contribute and resettlement frameworks and/or resettlement action plans. Compliance with these policies forms part of the legal agreements for Bank grants, with these policies forms part of the legal agreements for Bank grants, Compliance action plans. and/or resettlement and resettlement frameworks and loans. credits, of the project and the nature and magnitude of its potential environmental impacts. The borrower is responsible for any assessment required by borrower is responsible for The of its potential environmental impacts. of the project and the nature and magnitude on the type of project and its safeguard policy Depending of the policies. with Bank staff providing advice on the application the safeguard policies, plans, Indigenous Peoples’ environmental and social assessments, such issues as public consultation, project design incorporates the Bank category, http://www.worldbank.org/en/topic/gender and scale sensitivity, location, or FI) depending on the type, C, B, each proposed project into one of four safeguard categories (A, Bank classifies The Cultural Resources; OP/BP 4.12, Involuntary Resettlement; OP 4.36, Forests; and OP/BP 4.37, Safety of Dams. In addition, the Bank recognizes that In addition, Safety of Dams. and OP/BP 4.37, Forests; OP 4.36, Involuntary Resettlement; OP/BP 4.12, Resources; Cultural OP/ effectiveness agenda. and development human wellbeing, economic growth, of its poverty reduction, gender issues are an important dimension see on gender issues, more information For Bank work. approach to mainstreaming gender issues in strategic BP 4.20 establishes a country-level, o be undertaken o be undertaken environmental and social analysis t the appropriate extent and type of proposed for financing to determine screens each project OP/BP that may be triggered include: Policies policies. and whether the project may involve the application of safeguard during project preparation, Physical OP/BP 4.11, Indigenous Peoples; OP/BP 4.10, Management; Pest OP 4.09, Habitats; Natural OP/BP 4.04, Assessment; Environmental 4.01, The World Bank recognizes the importance of human rights principles in development: transparency, accountability, non-discrimination, equality of equality non-discrimination, accountability, transparency, rights principles in development: recognizes the importance of human Bank World The Bank The finances. Bank World the principles are reflected in all projects These and inclusion. participation, empowerment, governance, opportunity, the realization of human rights expressed in the Universal Declaration of Human Rights. Under the projects financed by the Bank, in a manner in a manner Bank, Under the projects financed by the of Human Rights. Declaration rights expressed in the Universal the realization of human its member countries as they and will continue to support Bank seeks to avoid adverse impacts, World the Agreement, Articles of consistent with its achieve their human rights commitments. strive to progressively assets. It also embraces action to remove barriers against those who are often excluded from the development process, such as women, children, children, such as women, from the development process, those who are often excluded action to remove barriers against embraces It also assets. activities support Bank’s World the In this regard, that the voices of all are heard. and to ensure and minorities, and youth persons with disabilities, member countries. For the Bank, inclusion means empowering all people to participate in, and benefit from, the development process. Inclusion process. the development and benefit from, to participate in, all people means empowering inclusion the Bank, For member countries. to the poor and disadvantaged, including access of all people, by improving the non-discrimination equality and policies to promote encompasses productive and services, financial employment, energy, affordable infrastructure, social protection, health, such as education, services and benefits Human Rights Human for our development for achieving sustainable interventions and development Bank’s World all the are critical for and inclusion Social development 32 Operational Impact 33 http:// . 1,297 Bank staff. In fiscal year 2016, 126 hours (21 sessions) of training on safeguard policies were delivered to on safeguard policies were delivered 126 hours (21 sessions) of training In fiscal year 2016, 1,297 Bank staff. on Bank safeguard of training 144 hours (24 sessions) In fiscal year 2015, DC. Washington, in 600 staff members regional offices hosted various In addition, DC. Washington, in policies were delivered to 500 staff members which are not included in these totals. workshops, training Bank does not World The with the borrower. are part of the contract Environmental and social risk management Bank is not World The for human rights. and does not screen contracts include human rights clauses in its contracts a human rights-enforcing institution. the Bank’s policies to protect the environment and people potentially affected by Bank-supported projects. The Bank The projects. affected by Bank-supported and people potentially the environment policies to protect the Bank’s analysis and social and type of environmental appropriate extent to determine the proposed project screens each safeguard the application of may involve and whether the project project preparation during to be undertaken in the are also referenced measures, risk mitigation including and social risk management, Environmental policies. see details on projects, For borrower. with the are part of the contract and therefore project legal agreement, projects.worldbank.org sustainable are a cornerstone of our support of and social safeguard policies Bank environmental World to people is to prevent and mitigate undue harm objective of these policies The reduction. development and poverty in the development process. and their environment were delivered to program safeguards training corporate of the Bank’s 96 hours (35 sessions) In fiscal year 2017, One hundred percent of the projects financed by World Bank were appraised in accordance with requirements per with requirements in accordance appraised Bank were World by projects financed percent of the One hundred underwent human rights screening and contracts that include human rights clauses or that 412-3 Significant investment agreements procedures 412-2 Employee 412-2 Employee training on human or rights policies human rights reviews rights reviews human assessments or impact 412-1 Operations that that 412-1 Operations subject to have been Operational Impact A total of 418 projects were screened in fiscal year 2017, of which 46 were classified as Category A and 153 as B. A and 153 as B. Category of which 46 were classified as in fiscal year 2017, A total of 418 projects were screened and PforR (not categorized). Category C, among FI, rest are distributed The A and 153 as B. Category of which 46 were classified as in fiscal year 2017, A total of 418 projects were screened and PforR (not categorized). Category C, among FI, rest are distributed The

World Bank GRI Index 2017 Bank GRI Index World communities significant actual and potential negative impacts on local development programs 413-2 Operations with with local community engagement, impact assessments, and impacts. 413-1 Operations that are understandable and accessible to the groups being consulted. For projects with significant risks (category A and B), the Bank discloses the A and B), significant risks (category projects with For consulted. and accessible to the groups being that are understandable adverse mechanism for all projects with redress establish a project-level grievance borrower is required to The social assessment. environmental and impact assessment will consider gender issues as part of its social analysis. The borrower is required to consult on environmental and social impacts is required to consult on environmental borrower The its social analysis. will consider gender issues as part of impact assessment and project-affected consultations between the borrower meaningful For by the project. with the communities affected and mitigation measures in a form and language manner prior to consultation, material in a timely to provide relevant the borrower is required groups and local NGOs, with policies that involve international law, such as those for international waterways and disputed areas. areas. and disputed waterways such as those for international international law, with policies that involve This and social impact assessment. must carry out an environmental the borrower community, to have adverse impacts on a If a project is considered environment. As each of the proposed projects is screened, it is classified into one of four safeguard categories (A, B, C, or FI) depending on the type, on the type, or FI) depending C, B, (A, categories into one of four safeguard it is classified is screened, of the proposed projects As each environment. government is responsible borrowing country The its potential impacts. and magnitude of and the nature of the project, and scale sensitivity, location, monitors compliance Legal Department The advice. provide general Bank staff members World required by the safeguard policies; for any assessments Local Communities and the on communities of potential impacts extent and type the appropriate financing to determine proposed for screens all projects Bank The 34 Corporate Impact 35 CORPORATE IMPACT CORPORATE The World Bank Group is refining its approach to local vendor screening, leveraging the newly established category the newly established leveraging Bank Group is refining its approach to local vendor screening, World The and the identification Commodity segmentation has been completed, system. management and electronic tendering system will capture tendering The process is underway. and evaluation and inclusion of local criteria in the screening A pilot of this two-prong approach will based on the local criteria. selected, information on vendors screened versus commence in July 2017. products that meet key environmental criteria, such as percentage of recycled content, environmental certifications including Energy Star ratings and environmental certifications including Energy Star ratings such as percentage of recycled content, environmental criteria, products that meet key inputs are currently assessing the approach to manage our material We and other sustainable criteria. Council (FSC) certification, Stewardship Forest and associated supply chains and will have more to report in future years. materials by minimizing consumption and maximizing the use of recycled content and rapidly renewable choices ensures resources are available for ensures resources are available choices renewable and maximizing the use of recycled content and rapidly materials by minimizing consumption or those that it procures in large amounts. Bank identifies products and services with large environmental impacts World The future generations. suppliers reflect the percentage of Quarterly reports from key alternatives. to identify environmentally and socially preferable Bank then works The business impact. business impact. Reducing the environmental impact of these staff globally. office supplies and electronics purchased to support the work of our materials include Key GRI 301: Materials which include Sustainable Stakeholders, but nonetheless important. operations, corporate Bank’s World in the Consumption of materials is minimal our to are highly relevant and the associated supply chain practices operations recognized that the materials used in our internal & Impact investors, GRI 300 Environmental Standards Series Standards GRI 300 Environmental spending on local suppliers environmentally responsible criteria are present from the project’s outset. project’s criteria are present from the environmentally responsible of 204-1 Proportion of leading companies working to minimize environmental impact. Assessments of major corporate material purchases (including office construction purchases (including office construction material corporate Assessments of major impact. working to minimize environmental of leading companies Bank World The specifications. and mandate environmental are being conducted to strengthen and furniture) computers, paper, and renovations, socially and above $5 million to ensure that valued reviews all planned procurements Review Committee of senior managers Group Procurement Procurement unit is responsible for coordinating and overseeing the sourcing strategy, selection, and contract execution for Bank offices around the execution for Bank offices around the and contract selection, the sourcing strategy, responsible for coordinating and overseeing Procurement unit is Procurement Corporate procurement policies. responsible corporate policies on socially and environmentally adherence to the Bank’s including globe, execution with those and contract selection, sourcing strategy, align the Bank’s in reviewing main categories to Management partnered with Facilities Our supply chain impacts are potentially the largest sustainability effects of the World Bank, with annual purchasing of the Bank topping $1 with annual purchasing of the Bank Bank, World effects of the are potentially the largest sustainability Our supply chain impacts Bank Corporate World The & Impact investors. including Sustainable area by stakeholders, impact as a key also identified Supply chain was billion. GRI 200 Economic Standard Series Economic Standard GRI 200 Practices Procurement GRI 204: 301-1 Materials used by As a service organization, the World Bank does not use a large amount of materials to produce or package weight or volume products; materials input primarily support our office-based environment. This includes the use of office supplies such as paper, information technology equipment, and food-service-related consumables. In fiscal year 2017, the total amount of non-renewable materials used was 235 metric tons, including 43 tons of electronic equipment, 97 tons of office products, and 95 tons of bottled water. In the same period, the total amount of renewable material used was 595 tons, including 550 tons of paper and 45 tons of food-service-related consumables.

301-2 Recycled input The World Bank is committed to using resources that are made from recycled or rapidly renewable materials for its materials used internal operations. The largest material purchases include paper, office supplies, office furniture, cafeteria napkins, and electronics. World Bank standard copier and printer paper is 100 percent post-consumer waste 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 2017, this amount was 68 percent, up from 62 percent in fiscal year 2016. The Bank also tracks the percentage of paper used that is 100 percent recycled content. In fiscal year 2017, this amount was 64 percent, up Corporate Impact from 60 percent in fiscal year 2016. The Bank also tracks the percentage by weight of all items purchased from our office supply vendor that contain at least 10 percent post-consumer recycled content. In fiscal year 2017, 16 percent of all purchases from the office supply vendor contained at least 10 percent post-consumer recycled content, compared to 22 percent in fiscal year 2016. This decrease was due to the Bank’s use of a managed print service, which eliminated the use of recycled- content printer cartridges in favor of a centralized service provider. More than 40 percent of our office furniture contains a minimum of 10 percent post-consumer recycled content, and the majority of furniture in use at the World Bank has been refurbished or reupholstered. In our food services, all cafeteria napkins are made from 100 percent post-consumer recycled paper and produced with a 100 percent bleach-free process. In fiscal year 2017, we purchased six tons of napkins. We also use sustainability criteria for our information technology purchases to ensure components of our computers, laptops, and monitors are made of recycled input materials. The percentage of recycled components in our technology purchases is not tracked.

36 World Bank GRI Index 2017 GRI 302: Energy Energy is a key input to the World Bank’s business operations. Stakeholders, which include Sustainable & Impact Investors, consider energy as an important impact from the Bank’s internal business. The purchase and use of energy can have various impacts because of the extraction of materials from the earth’s crust and the production of persistent toxic emissions from the combustion of fuels. Combustion of fossil fuels can result in severe health consequences, and affects the expense-to-business revenue ratio. 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 General Services. 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 goal of bringing all owned facilities to Leadership in Energy and Environmental Design (LEED) minimum requirements, falls with the Senior Project Manager in the Bank’s Corporate Real Estate unit. Data from country offices lag by one year; therefore, fiscal year 2016 data (including that from headquarters) are presented in the GRI Index 2017.

302-1 Energy The World Bank purchases natural gas, propane, gasoline, and diesel fuel for combustion onsite. In fiscal year 2016, consumption within the total global fuel use was 85,557 GJ, compared to 99,041 GJ in fiscal year 2015, 92,793 GJ in fiscal year 2014, and Corporate Impact organization 90,135 GJ in fiscal year 2013. The portion of this fuel consumption from renewable resources is not tracked, because data from fuel providers are not appropriately detailed. Total global energy use in fiscal year 2016 equaled 495,645 GJ, compared to 538,966 GJ in fiscal year 2015. Offices located in the US used 325,712 GJ, compared to 346,526 GJ in fiscal year 2015, 337. In fiscal year 2016, data collected from the Bank’s 126 offices outside of the US totaled 169,934 GJ of energy, compared to 192,440 GJ in fiscal year 2015.

Energy Consumption (GJ) FY16 FY15 FY14 FY13

Total 495,645 538,966 519,589 548,172

Electricity 404,166 434,087 420,951 425,382

Heating (including natural gas, 17,291 16,195 18,704 25,167 propane)

Cooling 0 31 28 48

Steam 5,923 5,807 5,817 7,149

37 302-1 Energy The remainder was from diesel and other fuel consumption for energy generation. consumption within the The World Bank does not sell any electricity, heating, cooling, or steam. organization (cont.) 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 2016. For more information, see http://worldbank.org/corporateresponsibility.

302-2 Energy Energy consumption outside the organization includes fuel used in contractor-owned vehicles as well as commercial consumption outside of airlines used for employee business travel. In fiscal year 2016, 18,468 GJ stemmed from contractor vehicle use, the organization compared to 18,413 GJ in fiscal year 2015, 21,900 GJ in fiscal year 2014, and 14,636 GJ in fiscal year 2013. Data for fuel use in commercial airliners are not available, as this information is not provided by commercial airlines. 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 2016. Corporate Impact For more information, see http://www.worldbank.org/corporateresponsibility.

302-3 Energy intensity Energy intensity decreased in fiscal year 2016, with the World Bank using 0.81 GJ of energy per square meter, as compared to 0.90 GJ per square meter in fiscal year 2015, and 0.88 GJ per square meter in fiscal year 2014. This is based on 612,226 total occupied square meters in fiscal year 2016, 596,562 total square meters in fiscal year 2015, and 548,795 total square meters in fiscal year 2014. This ratio includes all energy (onsite combustion fuel, electricity, heating, cooling, and steam) except for energy consumption outside of the organization.

302-4 Reduction of In fiscal year 2017, the Bank undertook efficiency measures that reduced its energy consumption by 879 GJ, energy consumption predominately through reductions in electricity use. In our non-US offices, this included the following: • In our Dhaka, Bangladesh, office, CFL lights were replaced with LED fixtures, reducing electricity use by over 32 GJ per year. • In our Addis Ababa, Ethiopia, office, solar LED lights were installed in the parking area and security gate, reducing electricity use by over 33 GJ per year. • In our Juba, South Sudan, office, we installed solar security lighting throughout the compound, reducing electricity use by 172 GJ per year. • In our Chennai, India, office, we replaced inefficient sodium halide lighting with solar-powered LED perimeter lights, and upgraded other fixtures from CFL to LED, reducing electricity use by 643 GJ per year.

38 World Bank GRI Index 2017 302-4 Reduction of Reduction reporting is based on major initiatives taken in fiscal year 2017. energy consumption Methodologies and assumptions for calculating reductions are specific to each initiative and are sourced from (cont.) engineering proposals.

GRI 303: Water Water security is among the top global risks in terms of development impact. 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. Water was identified as a key impact by stakeholders, including Sustainable & Impact Investors. Quarterly evaluation of the use of water, like other utilities, is conducted by the Director of General Services. 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, with the goal of bringing all owned facilities to Leadership in Energy and Environmental Design (LEED) minimum requirements, falls with the Senior

Project Manager in the Bank’s Corporate Real Estate unit. Corporate Impact

303-1 Water withdrawal The World Bank Washington, DC, offices use municipal water supply from the Potomac watershed. In fiscal year by source 2016, 193,716,752 liters of municipal water was used in our Washington, DC, offices, primarily for domestic and drinking water purposes. No surface water, groundwater, rainwater collected by the organization, or wastewater from other organizations was used in Washington, DC, offices in fiscal year 2016. Of 126 offices outside the US, the total water used could be reported by only 37 offices, due to metering constraints or lack of utility bills from landlords. In fiscal year 2016, this value was 48,185,883 liters. The source of withdrawal is not available for these offices, as this information is not currently collected, but will be in fiscal year 2017. 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-US offices that can report.

303-3 Water recycled In fiscal 2017, the Nairobi office established a rainwater collection system to reuse water for landscaping and and reused cleaning external surfaces. Globally three World Bank campuses (Nairobi, Juba, Antananarivo) have water collection and reuse systems. To improve data availability in country offices, systems for improved data collection and reporting are currently being put in place.

39 GRI 305: Emissions Addressing climate change is part of the World Bank’s core mission of helping countries end extreme poverty and boost shared prosperity. 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. As a demonstration of its corporate commitment to addressing climate change, the Bank continues to deepen its efforts to measure, reduce, offset, and report its greenhouse gas (GHG) emissions associated with its global internal operations, including its facilities, key meetings, and corporate air travel. The Bank has measured the GHG emissions from its facilities in Washington, DC, since 2005 and globally since 2007. Emissions are calculated in accordance with the World Resources Institute and World Business Council for Sustainable Development’s GHG Protocol, with additional information on proxies, emissions factors, and the complete boundary available in the annually updated World Bank Group’s Inventory Management Plan. A third party regularly verifies the Inventory Management Plan and the GHG inventory to ensure they meet international best practices. In fiscal year 2010, the World Bank set a goal of reducing GHG emissions by 10 percent from owned and managed facilities by fiscal year 2017. As of fiscal year 2016, the Bank was on track to meet this goal. Data from country offices lag by one year, therefore fiscal year 2016 data (including that from headquarters) are presented in the GRI Index 2017. We will continue to work toward reducing emissions further and report on our progress in Corporate Impact meeting the 10 percent goal in the GRI Index 2018. Data from country offices lag by one year; therefore, fiscal year 2016 data (including that from headquarters) are presented in the GRI Index 2017.

305-1 Direct (Scope 1) The World Bank measures direct GHG emissions for its internal operations based on site-specific data for facilities. GHG emissions Estimates are made for those facilities with missing data. In fiscal year 2016, total gross direct (Scope 1) GHG emissions equaled 8,343 mtCO2e, of which 957 mtCO2e were emissions from the Bank’s US facilities. The remaining 7,386 mtCO2e stemmed from offices and vehicle use in our 126 offices outside of the US Base-year (fiscal year 2010) emissions equaled 5,844 mtCO2e. The increase in Scope 1 emissions was due to a slight increase in generator use in country offices.

40 World Bank GRI Index 2017 305-1 Direct (Scope 1) GHG emissions (cont.) Scope 1 emissions (mtCO2e) FY16 FY15 FY14 FY13 Base year FY10

Direct greenhouse gas 8,343 8,016 9,387 12,094 5,844 emissions

US facilities and vehicles 957 1,009 1,181 1,548 1,615

Country office facilities and vehicles* 7,386 7,007 8,152 10,546 4,228

* The increase in country office emissions was due to improved measurement practices.

Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3, as detailed in the World Bank Group’s Inventory Management Plan, and no biogenic CO2 emissions. Corporate Impact Information on methodology, emissions factors, Global Warming Potential (GWP) rates, and consolidation approach are in the Inventory Management Plan for fiscal year 2016. For more information, see http://www.worldbank.org/ corporateresponsibility.

305-2 Energy indirect The World Bank measures indirect GHG emissions for its internal operations based on site-specific data for facilities. (Scope 2) GHG Estimates are made for those facilities with missing data. In fiscal year 2016, Scope 2 emissions from the Bank’s emissions global offices continued to decrease, to 46,926 mtCO2e. Base-year (fiscal year 2010) Scope 2 emissions were 60,546 tCO2e. Information on base-year selection is in the Inventory Management Plan.

Scope 2 emissions (mtCO2e) FY16 FY15 FY14 FY13 Base year FY10

Indirect greenhouse gas 46,926 49,950 54,648 55,258 60,546 emissions

US 33,569 36,268 40,670 40,841 46,756

Country office* 13,357 13,682 13,979 14,417 13,790

* Includes emissions from purchased steam, chilled water, and electricity.

41 305-2 Energy indirect Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3, (Scope 2) GHG as detailed in the World Bank Group’s Inventory Management Plan, and no biogenic CO2 emissions. Information on emissions (cont.) methodology, emissions factors, GWP rates, and consolidation approach can be found in the Inventory Management Plan for fiscal 2016. For more information, see http://www.worldbank.org/corporateresponsibility.

305-3 Other indirect The World Bank measures indirect GHG emissions from air travel by Bank employees, as well as delegate air travel, (Scope 3) GHG and other indirect emissions associated with major meetings that the Bank organizes. In fiscal year 2012, the Bank emissions began measuring GHG emissions from contractor-owned vehicles. In fiscal year 2016, these emissions totaled approximately 106,774 mtCO2e, a slight increase from fiscal year 2015’s emissions of 102,518 mtCO2e. Base-year emissions in fiscal year 2010 equaled 115,545 mtCO2e.

Emissions scopes FY16 FY15 FY14 FY13 Base year FY10 Corporate Impact Scopes 1 and 2 (mtCO2e per square 0.090 0.097 0.108 0.116 0.107 meter)

Scope 3 (mtCO2e per FTE) 9.35 8.43 8.24 9.5 9.9

Gases included in the calculation were CO2, CH4, N2O, HFCs, and PFCs. There were no known emissions of SF6 or NF3, as detailed in the World Bank Group’s Inventory Management Plan, and no biogenic CO2 emissions. Information on methodology, emissions factors, GWP rates, and consolidation approach are in the Inventory Management Plan for fiscal year 2016. For more information, see http://www.worldbank.org/ corporateresponsibility.

305-4 GHG emissions The World Bank measures GHG emissions intensity in two distinct categories. Scope 1 and Scope 2 emissions are intensity normalized per square meter, while Scope 3 emissions, pertaining to employee air travel, are normalized per full- time equivalent (FTE) employee. Gases included in the calculation are CO2, CH4, N2O, HFCs, and PFCs. There are no known emissions of SF6 or NF3, as detailed in the World Bank Group’s Inventory Management Plan. Information on methodology, emissions factors, GWP rates, and consolidation approach can be found in the Inventory Management Plan for fiscal 2016. For more information, see http://www.worldbank.org/corporateresponsibility.

42 World Bank GRI Index 2017 305-5 Reduction of GHG Estimated reduction in CO2, CH4, and N2O emissions from Scope 2 activities from fiscal year 2015 to fiscal year emissions 2016 totaled 2,418 metric tons, including the projects listed below: Lighting upgrades at headquarters resulted in significant savings of over 2,300 metric tons of CO2e per year. Smaller projects in our offices in Addis Ababa, Juba, Chennai, and elsewhere resulted in savings of around 70 mtCO2e per year. Reduction reporting is based on major initiatives taken in fiscal year 2016 as related to achieving reductions from the fiscal year 2010 base year. Fiscal year 2010 was chosen as the base year because it was the first year that confidence for data related to emissions from country offices was high. Methodologies and assumptions for calculating reductions are based on initiative proposals for each reduction project.

GRI 306: Effluents and Waste The World Bank views reducing effluent and waste production as a material aspect because of the possible negative environmental impacts, which Corporate Impact include the release of persistent toxic chemicals through waste disposed of in landfills and through incineration. Bank stakeholders have also raised waste management as an important corporate impact. The Bank has worked to reduce the amount of waste sent to landfills through a combination of source reduction, reuse, and recycling. Minimizing the amount of material brought into Bank facilities is the first way the Bank manages the amount of waste created. Avoiding unnecessary packaging for purchased items, including encouraging minimum purchase thresholds for office supplies, is one way the Bank accomplishes this. Another way is by mandating that large purchases from vendors, such as the Bank’s latest computer monitor purchase, be delivered in bulk instead of individually packaged. In fiscal year 2016, the Bank continued to pursue efficiencies in the standardization of waste management in its headquarters facilities. In 2016, standardizing bins in offices and common areas resulted in an increase in diversion rate. All offices in Washington, DC, facilities received a standard bin for both landfill and recyclable waste. A program to improve signage and locations of waste bins, including capturing compostable waste in common areas, was piloted in one of the Bank’s Washington, DC, buildings. Results demonstrated marked success, with the diversion rate increasing by over 15 percent and the amount captured as compostable material drastically increasing. The program will be rolled out to the entire Washington, DC, headquarters campus before the end of 2017. Following this, a waste audit will be carried out and results will be shared in next year’s GRI Index.

306-2 Waste by type Typical waste items from World Bank facilities include paper, bottles, cans, cardboard, food waste, toner and disposal method cartridges, carpet tiles, and electronics. Total nonhazardous waste produced by the Bank’s Washington, DC, offices in fiscal year 2017 was 2,020 metric tons, compared to 1,836 metric tons in fiscal year 2016.

43 306-2 Waste by type and disposal method Waste streams (tons) FY17 FY16 FY15 FY14 (cont.) Total nonhazardous waste 2021 1,836 1,965 1,913 in Washington, DC

Landfill 794 786 858 822

Recycling * 861 808 935 1,025

Compost 365 242 171 148

* Includes paper, bottles, cans, cardboard, toner cartridges, carpet tiles, and electronics.

The information is provided by the waste-disposal contractor that manages landfill, recyclables, and compostable Corporate Impact waste categories; the electronic-waste recycler, subcontracted through the computer electronics provider, 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. Proxies for estimating composting weight from trashcans are not yet available, but will be included in future reports. No hazardous waste is generated by the World Bank.

GRI 200 Economic Standard Series

GRI 201: Economic Performance The World Bank values the diversity, health, safety, and security of all our staff working in Washington, DC, and in 140 countries worldwide. The institution’s diverse workforce brings a wide range of perspectives and experience to bear on poverty-reduction issues and emerging development challenges. Our staff diversity is a strategic business asset that directly contributes to the achievement of our twin goals: reducing extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent of the population in every country where the Bank works. The FY2017–2019 World Bank Group People Strategy was endorsed by Management and the Board in fiscal year 2017. The strategy was developed taking into account multiple inputs, including (1) the business strategy (articulated in the “Forward Look: A vision for the World Bank Group in 2030”); (2) a retrospective view of progress and lessons learned from the FY2014-2016 Human Resources (HR) Strategy; (3) a review of global workforce trends; (4) benchmarking against comparable institutions; (5) analysis of internal trends and engagement surveys; and (6) insights gathered via an unprecedented level of outreach to Bank leadership and staff. The FY2017-2019 People Strategy articulates a clear vision to (1) build a workforce with the right skills, in the right place, at the right time who can offer the best development solutions to our clients; and (2) be the best place to work in development.

44 World Bank GRI Index 2017 GRI 201: Economic Performance (cont.) To achieve that vision, the People Strategy identified five strategic areas of focus and three cross-cutting themes. Areas of focus include: (1) leverage the World Bank’s global and diverse talent; (2) build and develop managerial and leadership capacity; (3) strengthen performance and rewards; (4) promote the health, safety, and wellbeing of our people; and (5) improve the World Bank’s organizational effectiveness. Cross-cutting themes include: (1) focus on the HR fundamentals—strengthen policies, processes, platforms, and support that underpin everything HR does; (2) strengthen support in fragility, conflict, and violence (FCV) situations; and (3) advance diversity and inclusion. To ensure successful delivery of the new People Strategy, HR developed a robust implementation plan, which was endorsed by the Board in January 2017. Implementation is well underway.

201-3 Defined benefit The World Bank offers its staff defined benefit plans. Participation in the pension plan is mandatory. The Staff plan obligations and Retirement Plan (pension) and Retired Staff Benefits Plan (medical) assets are held in separate irrevocable trusts, other retirement plans 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. Corporate Impact

201-3 Defined benefit The World Bank is a responsible long-term investor; therefore, the plans’ investments incorporate consideration plan obligations and of material environmental, social, and governance (ESG) factors across asset classes. This is in accordance with other retirement plans the fiduciary standard applicable to the administration and investment of plan assets. ESG awareness promotes (cont.) responsible investment practices among external managers. Examples of this approach include due diligence on external managers on how they account for, manage, and report on relevant ESG risk factors such as environmental practices, worker safety and health standards, and corporate governance, as well as long-term issues such as climate change, resource scarcity, and others. This review resulted in various managers being motivated to enhance and formalize their ESG policies and practice. The employer 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. Participants in the gross plan (closed plan) contribute 7 percent of the pensionable gross salary. Participants 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, 2017, the value of accrued pension liabilities for IBRD/IDA was $17.7 billion, supported by assets of $16.8 billion held in a trust. The funded ratio (assets over liabilities) was 94.5 percent. Assets are evaluated at their fair value, and liabilities are measured as the Projected Benefit Obligation, discounted with high-quality corporate bonds rates. The two amounts are estimated in full compliance with the US accounting standards (ASC 715).

45 GRI 202: Market Presence For details, please see Management Approach for Economic Performance GRI 201 above.

202-1 Ratios of standard To recruit and retain highly qualified staff, the World Bank has developed a compensation and benefits system entry level wage by designed to be internationally competitive, reward performance, and consider the special needs of a multinational gender compared to and largely expatriate staff. The Executive Directors annually review the staff salary structure and, if warranted, local minimum wage the salary structure is adjusted based on a Board-approved methodology that entails comparison with salaries paid by private financial and industrial firms and by representative public sector agencies in the US market. The salary structure is reported for job positions for Washington, DC, staff, which comprises almost 60 percent of total staff. For staff in offices outside the US, compensation programs are developed based on local market practices consisting of private sector firms, and representative quasi-public and nonprofit organizations. The grading system and benchmark job positions in country offices follow the same framework as in Washington, DC. Globally, World Bank salary structures do not differentiate by gender. Remuneration of executive management, Executive Directors, and staff are disclosed in the World Bank Annual Report. For more information, see www.worldbank.org/en/about/ Corporate Impact annual-report.

202-2 Proportion of Out of all 541 managers (professional grade GH+) on board in fiscal year 2017, nationals of countries defined as senior management Part II (roughly equivalent to developing countries) accounted for 43 percent of management positions. In fiscal hired from the local year 2016, 44 percent of the 526 managers were nationals of Part II countries. (The staff and management grade community scale ranges from GA through GK.) Sub-Saharan African and Caribbean nationals, a criterion used as a proxy for race, represented 12 percent of management positions in fiscal year 2017. This has remained the same since fiscal year 2016. For information about the Bank’s career tracks, see www.worldbank.org/jobs.

46 World Bank GRI Index 2017 GRI 400 Social Standards Series

GRI 401: Employment To be the best place to work in development, the World Bank needs an Employment Value Proposition (EVP) that attracts, motivates, and retains staff with the critical skills, mindsets, and behaviors to fulfill the mission. The EVP, which was articulated in the FY2017–2019 World Bank Group People Strategy, is centered around five core elements: people, organization, work, opportunity, and rewards. The Bank is committed to attracting and retaining the best talent, developing their capabilities, ensuring their wellbeing, and affording them opportunities to make a difference in the world. Bank staff members come from over 170 countries—their diversity and global reach is unparalleled 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 so on, and they offer clients a unique combination of global expertise and local knowledge. 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 People Strategy.

Supporting a positive and respectful work environment not only assists the Bank in retaining the world’s top talent, it allows the workforce to be Corporate Impact more productive. Due to its immunities from most national courts, the Bank provides staff comprehensive grievance mechanisms to address and resolve workplace issues using 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.

401-1 New employee In fiscal year 2017, 1,249 full-time staff were hired, as compared to 1,418 in fiscal year 2016. The rate of new hires and employee employee hires equaled 11 percent (12 percent in 2016). Of those hired, 49 percent were hired in non-US offices, turnover and 52 percent were female. In fiscal year 2017, 754 staff left the Bank—a turnover rate of 6.5 percent (of which, 2.4 percent was voluntary). In fiscal year 2016, 1,920 staff left the Bank—a turnover rate of 16.4 percent, partly due to the phasing out of 1,029 extended-term consultant and temporary appointments. In fiscal year 2017, 32 percent of employees who left the Bank were located in non-US offices, and 50 percent were female.

47 401-1 New employee Staff hired FY17 FY16 FY15 FY14 hires and employee turnover (cont.) Number % of Total Number % of Total Number % of Total Number % of Total United States 634 51% 795 56% 656 61% 1,077 61% Female 333 27% 425 30% 337 31% 558 32% Male 301 24% 370 26% 319 30% 519 29% Non-US offices 615 49% 623 44% 416 39% 693 39% Female 320 26% 319 22% 225 21% 346 20% Male 295 24% 304 21% 191 18% 347 20% Total Hires 1,249 1,418 1,072 1,770 Of which Female 653 52% 744 52% 562 52% 904 51% Of which Male 596 48% 674 48% 510 48% 866 49% Corporate Impact Staff Terminated FY17 FY16 FY15 FY14 Number % of Total Number % of Total Number % of Total Number % of Total United States 515 68% 1,293 67% 963 64% 1,039 63% Female 263 35% 702 37% 526 35% 559 34% Male 252 33% 591 31% 437 29% 480 29% Non-US offices 239 32% 627 33% 546 36% 609 37% Female 115 15% 331 17% 268 18% 310 19% Male 124 16% 296 15% 278 18% 299 18% Total Terminations 754 1,920 1,509 1,648 Of which Female 378 50% 1,033 54% 794 53% 869 53% Of which Male 376 50% 887 46% 715 47% 779 47%

48 World Bank GRI Index 2017 401-2 Benefits provided The World Bank is committed to providing benefits that respond to staff needs globally and are aligned with best to full-time employees practices in other international financial institutions and similar organizations. Bank benefits include life insurance, that are not provided to health care, disability and invalidity coverage, retirement provisions, parental leave, and opportunities for flexible temporary or part-time work arrangements, as well as mobility, relocation, and resettlement benefits. employees These benefits vary with appointment type (whether full-time staff or short-term consultants/temporaries) and the position’s location, at headquarters, in Washington, DC, or in one of the 140 countries with Bank operations. The World Bank’s compensation and benefits policy is to provide a package to attract and retain diverse and highly talented staff, while responding to external market situations and our shareholders. These policies are specified in the internal Staff Manual, which is available to all staff. The Board meets every year to review compensation and determine changes to the salary structure. Benefits for staff on open-ended or fixed-term contracts include: • Life insurance and accidental death and dismemberment coverage are offered to staff and eligible dependents. These benefits help Corporate Impact protect the financial security of beneficiaries. • Medical plans are offered to staff and retirees and their dependents. These plans provide medical, dental, vision, and pharmacy benefits. The plans cover the staff member, one spouse or domestic partner, and dependent children or stepchildren under the age of 26. The staff member pays 25 percent of the premium costs, and the Bank pays 75 percent. Staff leaving the organization and their dependents may elect to receive continuation of their medical, dental, vision, and pharmacy coverage for up to 36 months at their own cost (retirees may continue individual coverage indefinitely). • Staff with child planning expenses not covered under the medical benefits plan, such as expenses related to adoption, surrogacy, or the freezing of genetic materials, can seek reimbursement (up to a specified amount) for eligible child planning costs for up to two events in a lifetime. The benefit amount is tied to a percentage of salary. • Staff who are on sick leave for more than 20 consecutive days can apply for short-term disability, which pays 70 percent of salary for up to 24 months. Staff must first exhaust any accrued sick leave before disability pay starts. If a staff member remains disabled beyond the 24-month period, long-term disability benefits are provided at 70 percent of salary until the earliest of retirement, death, or recovery from disability. While staff are on long-term disability, medical coverage and pension contributions are 100 percent paid by the Bank. • Staff receive between 26 and 30 days of paid annual leave, depending on the length of service, and 15 days of sick leave per year, as well as paid leave for various specific circumstances such as adoption and paternity/maternity leave (10 days and 70 days, respectively, with 100 percent pay).

49 401-2 Benefits provided • In fiscal year 2015, the mandatory retirement age for staff on board and future staff increased from age 62 to age 67. The normal to full-time employees retirement age for staff on board on December 31, 2015, remains age 62, and it increased to age 65 in fiscal year 2016 for staff hired that are not provided to after December 31, 2015. The Bank offers a variety of options to help staff save and plan for retirement. The Staff Retirement Net Plan (SRP) has two components: (1) Defined Benefit Component, which is Bank-funded and based on 1 percent of the highest average of temporary or part-time three years’ net annual salary for each year of plan participation, not to exceed 35 years; and (2) Cash Balance Component, wherein employees (cont.) the Bank contributes 10 percent of net annual salary, and the staff member contributes a mandatory 5 percent of net annual salary and can voluntarily increase contributions to as high as 11 percent of net annual salary. In addition to the SRP, Washington, DC-based staff can voluntarily participate in a 401(k) plan. Effective January 1, 2015, staff located outside the US could elect to participate in the Country Office Savings Plan. • There are also services to support staff and their families, such as the opportunity for flexible working arrangements and the World Bank Family Network (WBFN), which provides assistance to staff, spouses, and domestic partners. • In addition, internationally recruited staff in the US receive a mobility premium. Staff outside the US, not located in their home country, receive relocation and resettlement benefits to assist with global mobility. • Short-term consultants and short-term temporaries, paid on a daily or hourly rate, are not eligible for leave, life insurance, or pension benefits. However, short-term consultants and short-term temporaries are covered under Worker’s Compensation, and Corporate Impact have accidental death and dismemberment insurance of three times’ net annual salary, up to a maximum of $250,000, while on official Bank business travel. They are also eligible for limited medical expense coverage while on official Bank business for emergency medical care.

50 World Bank GRI Index 2017 GRI 403: Occupational Health and Safety The World Bank is committed to its staff and their wellbeing, safety, and security, recognizing the complexities of the challenging environment where they work. We appreciate the value of the rich, diverse perspectives that staff bring, paramount to our success as a global knowledge organization. About 70 percent of employees travel throughout the world to serve our global clients, thus the institution considers appropriate and accessible health care through international vendors, regional health advisors, and onsite clinic facilities as an important service component. Promoting the health, safety, and wellbeing of staff is one of the focus areas of the FY2017–2019 People Strategy. In this area, key highlights include: (1) developing a phased, five-year strategy to enhance the culture of health; (2) improving pre-deployment health and resiliency briefings for relocating staff; (3) enhancing outreach and remote capacity for staff in non-US offices, particularly in FCV situations, improving occupational health, and safety, and so on. The Health Services Department (HSD) serves the World Bank workforce by protecting and promoting people’s health, wherever they may be, based on individual health status and risks, the working and general environment, and job demands. In a new Health and Wellness Program launched in fiscal year 2018, the Bank has appointed vendor partners to expand Health, Safety, and Wellbeing support for staff. This includes a personal health

risk assessment and management program for staff (including online risk assessment and health advice, personal health coaching, and chronic Corporate Impact disease management), and an expanded onsite clinic providing full primary care and referral services for staff and retirees, and their dependents. The World Bank is also committed to creating a supportive workplace for people with disabilities that enables them to fulfill their job responsibilities while fully using and developing their capacities. The Health Services (HS) Occupational Health Unit (OHU) is the lead unit in determining workplace accommodations for disability. Reimbursement of accommodation costs is facilitated by the centrally funded Disability Accommodation Fund (DAF), managed by HS. The World Bank Occupational Health and Safety Committee (OHSC), which reports to Management, is tasked with developing, implementing, and overseeing an occupational health and safety management system that applies to Bank employees worldwide.

403-1 Workers The World Bank’s OHSC meets quarterly to address health and safety issues related to staff. The group is chaired by representation senior management (HRDVP), and includes occupational health specialists, environmental consultants, and senior in formal joint management representatives from headquarters and offices outside the US, Health Services and other parts of HR, management-worker Facilities Management, Security, Fire and Safety, Legal, Procurement, Corporate Responsibility, the Staff Association, health and safety and Budget and additional specialists and members as required. To address staff’s concerns, the committee forms committees multidisciplinary ad hoc working groups, 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. To address global health issues, the committee collaborates with the United Nations (UN) and other international organizations. The committee has also approved several OHS initiatives such as the Automated External Defibrillator (AED) program and Staff Road Safety, for which a survey was launched in fiscal year 2017. Analysis of the survey results will serve as input for the ongoing work of improving procedures and the current Staff Road Safety Directive. In addition, the OHSC has provided concept approval of an OHS Incident/Accident Reporting system and the use of the Online Learning Campus for OHS learning. The OHSC includes both management and staff representation.

51 403-2 Types of A third-party partner program (the REED Group) and HSD monitor Worker’s Compensation claims as accidents injury and rates of and report statistics. Data analysis and interpretation are limited to ad hoc reports, and quarterly and annual injury, occupational aggregate REED Group reporting. HSD uses an integrated medical database system to evaluate trends in medical diseases, lost days, and pharmacy insurance costs in comparison with disease profiles. The REED Group and Health Services monitor the and absenteeism, and effectiveness of return-to-work programs and minimize absenteeism through active participation in return-to-work number of work-related management for staff. Data analysis and interpretation are limited to ad hoc reports at present. fatalities For the World Bank Group, the incidence rate in fiscal year 2016 was 0.58. Data are not yet available for fiscal 2017, or by region or by gender.

GRI 404: Training and Education The Open Learning Campus (OLC) is a single destination to accelerate development solutions through learning for World Bank Group staff, clients, and global partners. OLC offers a broad range of learning resources via Talks, Academy, and Connect. It currently houses over 9,500 courses and continues to expand. As of June 30, 2017, 87 percent of staff had attended at least one learning session. Corporate Impact The OLC was launched by President Jim Yong Kim in January 2016 with a dual mandate to provide a platform (1) to provide continuous learning for staff to remain cutting edge; and (2) where staff and clients can co-create solutions to complex development challenges. The OLC is managed by the Global Theme – Knowledge Department and services key learning divisions of the Bank (HR, OPCS, Finance, ITS, Technical, Corporate, and Leadership) as well as IFC and MIGA. All learning on the OLC is evaluated for scale and impact. On the staff side, we evaluate all classes entered in OLC that are greater than or equal to one day. All classes that are less than a day can be selected by course catalog builders for evaluation as needed. On the client side, we evaluate all learning programs, and regularly inform senior management, including through three-year trend analysis, to guide programs, course corrections, and learning innovations. For more information about OLC, see https://olc.worldbank.org/staff-learning .

404-1 Average hours of In fiscal year 2017, the World Bank delivered 1,653 courses and 60,710 days of learning. Thirty-two percent of the training per year per training days were delivered either in offices outside the US or via location-neutral formats such as e-learning and employee webinars. Eighty-seven percent of the salaried workforce attended at least one learning event in fiscal year 2017, not including the corporate mandatory programs: 87 percent based in non-US and 87 percent at headquarters, in Washington, DC. These individuals attended the equivalent of 46,435 days of training, averaging 3.9 days per staff member, with 4.2 in days taken by staff based in offices outside the US and 3.7 days taken by Washington, DC-based staff. This is a 21 percent increase over fiscal year 2016, when the total participant training days taken by staff was 38,502 training days.

52 World Bank GRI Index 2017 404-1 Average hours of All staff 2017 2016 2015 training per year per employee (cont.) Days Hours Days Hours Days Hours Average training 3.9 31.2 3.4 26.9 3.4 26.9 Of which Female 4 31.9 3.4 27.6 3.5 27.7 Of which Male 3.8 30.5 3.3 26.2 3.3 26.1 Breakdown by Days Hours Days Hours Days Hours Support Staff average 2.5 20 2.4 19.2 2.7 21.6 Of which Female 3 24 2.8 22.4 3.3 26.4 Of which Male 1.5 12 1.6 12.8 1.5 12 Analyst Grade average 3.1 24.8 3.1 24.8 2.5 20 Corporate Impact Of which Female 3.4 27.2 3.1 24.8 2.7 21.6 Of which Male 2.8 22.4 3.1 24.8 2.2 17.6 Specialist Grade average 4.8 38.4 4 32 3.8 30.4 Of which Female 4.9 39.2 4 32 3.8 30.4 Of which Male 4.7 37.6 3.9 31.2 3.9 31.2 Lead Grade average 3.6 28.8 2.9 23.2 3.4 27.2 Of which Female 3.7 29.6 3.2 25.6 3.4 27.2 Of which Male 3.5 28 2.7 21.6 3.4 27.2 Consultants average Not Available 2.3 18.4 3.3 26.4 Of which Female 3 24 3.4 27.2 Of which Male 1.5 12 3.1 24.8 Special Assignments (JPO, 4.6 36.8 4.7 37.6 4.9 39.2 JPA, SPAS) average Of which Female 5.2 41.6 5.1 40.8 5.5 44 Of which Male 4.3 34.4 4.4 35.2 4.3 34.4

53 404-1 Average hours of In fiscal year 2017, investment in staff learning increased by 6 percent over fiscal year 2016 and by 6 percent from training per year per fiscal year 2015 levels. In addition, the World Bank invested $68.9 million in staff learning, of which 36 percent employee (cont.) was spent on developing and delivering learning activities, and 64 percent was spent to cover direct and indirect expenses for staff members to participate in learning (provided internally and/or from external providers), including staff time and other costs.

404-2 Programs for HR learning programs boost staff’s professional skills to help them perform more effectively and achieve greater upgrading employee impact for personal and professional growth, mobility, and career development. This improves their ability to meet skills and transition future business needs and therefore their employability. Program offerings facilitate the application of technical assistance programs skills in culturally diverse contexts through communications skills (writing, public speaking, language acquisition, and cross-cultural competency) and business skills (collaboration and communities, influence and negotiation, team building, analytical skills, and client engagement). These are the professional skills needed to work with others and apply technical skills effectively. The programs combine modalities of learning, such as face-to-face classes both in

the field and in Washington, DC, webinars, online discussions, and self-paced e-learning. The combination of formal Corporate Impact and peer-to-peer learning in various communities ensures continuous learning and relevance to staff’s needs and challenges. The business model is designed to upgrade professional skills of more than 3,000 staff per year and to stay agile by monitoring changing business needs and constantly improving the relevance, quality, and impact of our programs. In practice since fiscal year 2014, formal leadership and management development programs continue to support leaders and staff across the Bank to strengthen skills to help them be more effective in their role. This includes role- based programs, for example, Director Leadership Program, Senior Leadership & Management Program, Mastering Leadership and Management (for new managers), Managing Roles of Country Directors and Country Managers, and Supervisors’ Program, as well as open enrollment-based programs, for example, Strengthening Leadership Skills. Executive Coaching is also available for managerial cadre and senior non-managerial staff. All managers across the World Bank are also invited to monthly Managing@WBG, peer learning, and webinar series to enhance understanding of institutional policy and to exchange people management practices. Also, in fiscal year 2015, HR established a transition support program to assist staff whose jobs could be at risk due to reorganization and evolving business needs. The program works together with relevant Bank units responsible for pensions, tax issues, benefits, and health services, among others, and is delivered in partnership with external vendors. The program team meets with staff individually and in groups to explain the exit process, ensure that affected staff receive the support they need, and inform them about available services, such as individual coaching on job searches and career management, by an internal team of career consultants or an outplacement vendor.

54 World Bank GRI Index 2017 404-2 Programs for An internal website serves as the central repository for information for staff about transition support services. In upgrading employee addition, a monthly series of seminars on career and job-search related topics, such as resume writing, interviewing, skills and transition networking, and career planning, is offered on an open enrollment basis to all staff. These seminars serve not only assistance programs staff who are exiting the Bank, but also those who are moving within the organization. Many of these seminars are (cont.) also provided in webinar and e-learning formats to better serve our geographically dispersed workforce. The team also works with managers to equip them with a thorough understanding of the Bank’s ending-employment process and better prepare them to manage exits.

404-3 Percentage of At least once in a 12-month period, the manager or designated supervisor performs a review of the World Bank employees receiving staff member (excludes short-term appointees). The evaluation is based on objectives agreed on with the staff’s regular performance manager at the start of the year cascading from the level above, and assesses achievements against those and career development objectives, strengths, and areas for improvement, as well as future development needs. The World Bank encourages reviews ongoing feedback about the staff member’s work program; this takes place throughout the performance year and

includes a formal mid-year check-in. The annual conversation also touches on plans for the upcoming performance Corporate Impact cycle and training needs. The Performance Management Process is outlined in the Staff Manual 5.03. In fiscal year 2017, at the World Bank, 96 percent of staff completed fiscal year 2016 end-year evaluations, 72 percent of staff completed fiscal year 2017 objectives, and 96 percent of staff completed fiscal year 2017 mid-year evaluations on time. During the fiscal year 2016 end-year evaluations, 96 percent of women and 96 percent of men completed the regular performance evaluation process. During the 2017 mid-year review, 90 percent of staff indicated they had a performance conversation with their supervisor; this included 90 percent of women and 89 percent of men. In addition to the regular performance evaluations, an annual development-focused talent review is undertaken by management to give the organization a better understanding of the skills and aptitudes of staff, and, importantly, 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.

55 GRI 405: Diversity and Equal Opportunity The World Bank is committed to creating a workplace where everyone is valued, where differences are respected and celebrated, and where opportunity and equitable treatment is 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, including nationality, gender and gender identity, race, religion, ethnicity, age, sexual orientation, disability, and educational background. Beyond the moral imperative, empowering others and respecting differences is much more than part of our institution’s core values: it makes good business sense. A diverse staff mirrors the diversity of the clients we serve and the partners we work alongside around the world, and that reflection is key to our credibility as an institution seeking equity and opportunity for all. In addition, it has been demonstrated that a diverse staff stimulates the creativity and innovation our clients expect, drawn from the collective energy of individual experience, knowledge, and perspectives. World Bank staff in 140 countries work in core finance, administrative, legal, economics, and technical specializations in more than 20 sectors. Staff contribute an impressive breadth and depth of professional expertise, academic background, industry, and international experience. The acknowledged diversity of our staff allows the Bank, the world’s leading development organization, to attract, retain, and grow the finest talent from Corporate Impact the broadest span of different backgrounds possible. When we leverage the diversity and perspectives of all our talent, the solutions that we offer— through our projects, programs, and assistance—are those that will meet our clients’ development goals. 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. Achieving shared prosperity in a sustainable way is about equal opportunity, empowerment, and economic and social inclusion. The Articles of Agreement for IBRD and IDA emphasize the need to “pay due regard to the importance of recruiting personnel on as wide a geographical basis as possible” when appointing Bank officers and staff, “subject to the paramount importance of securing the highest standards of efficiency and of technical competence.” This directive was reiterated in the 1983 Principles of Staff Employment, approved by the Executive Directors, to set forth the broad policies according to which the President shall manage staff. 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. An additional institutional target is 12.5 percent for Sub-Saharan African (SSA) and Caribbean (CR) nationals among full-time staff at professional grades (grade GF+).

56 World Bank GRI Index 2017 GRI 405: Diversity and Equal Opportunity (cont.) 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 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 On the World Bank Boards of Governors and Board of Executive Directors, representatives are determined by governance bodies and member countries. Of the 25 Executive Director Board members, five were women in fiscal year 2017. For more employees information about the Boards, see http://worldbank.org/about. Nationals of Part II countries accounted for 43 percent of staff in management positions. Women accounted for 39 percent of staff in management positions, and for 44 percent of full-time staff at professional grades (grade GF+) in technical positions. SSA and CR nationals represent 13 percent of full-time staff at professional grades (grade GF+).

Since 1998, nationality, gender, and race have been the dimensions of diversity for which the Bank has set and Corporate Impact monitored quantitative targets. Nationality has been measured in the aggregate by Part I and II contributing member status, whereas SSA and CR nationality has served as the proxy for race, specifically for Black staff. The HeForShe solidarity movement for gender equality, created by UN Women, provides a systematic approach and targeted platform where a global audience can engage and become change agents for the achievement of gender equality in our lifetime. To commemorate the 2017 International Women’s Day, President Jim Yong Kim was recognized as the Inaugural HeForShe Thematic Champion for International Financial Institutions for committing to close the gender gap within Management by 2020. The other commitments made for the organization were: • Achieve the gender parity target for women and men in technical fields by 2022. • Achieve the second level of EDGE (Economic Dividends for Gender Equality) certification by 2020. • Implement, in operations, the action plan encompassing recommendations coming from the Global Gender-based Violence Task Force.

57 405-2 Ratio of In fiscal year 2017, the World Bank Group Development Research Group, in collaboration with the Gender Cross- basic salary and Cutting Solution Area and Human Resources, completed a landmark study: “Compensation, Diversity, and Inclusion remuneration of at the World Bank Group.” This study leveraged 25+ years of HR data to explore the issue of pay parity among women to men Bank populations, including by gender. Key results included the observation that we have 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. The study is currently being disseminated. Key follow-up action items include the production of a report that HR and managers will use to address compensation outliers and more closely monitor salary parity upon entry to the institution. In fiscal year 2018, the World Bank Group will examine a standard indicator to monitor pay parity by gender and grade level, and aims to include this in fiscal year 2019 GRI reporting.

GRI 406: Non-discrimination The World Bank Group core values are personal honesty, integrity, and commitment; working together in teams with openness and trust; empowering others and respecting differences; encouraging risk-taking and responsibility; and enjoying both work and family, as detailed in the Code of Conduct. Corporate Impact There is a mandatory e-learning training on the Code of Conduct for all new staff, including consultants with contracts of more than 30 days. A summary of the Code of Conduct is available in nine languages. 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 with employees, 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. Staff members are required to uphold World Bank Group Staff Rules as a condition of employment. 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. Most workplace issues are addressed and resolved using the informal core services of the Internal Justice Services (IJS). The informal services include the Respectful Workplace Advisors (RWA) Program, Ombuds Services (OMB), and Mediation Services (MEF). Peer Review Services (PRS) is a core formal service that uses a panel of peers to determine whether the Bank’s actions are consistent with the staff member’s contract of employment and/or terms of appointment. The results of the hearings, conducted by a panel of peers, results in a recommendation that is then shared with the line Vice President for his or her approval. In fiscal year 2017, a two-tier Administrative Review and Performance Management Review was implemented to address performance management issues (performance evaluations, salary review increases, Opportunity to Improve) in a more efficient and expeditious manner. Various offices within the IJS provide evaluations to staff who retain its services. These offices include MEF, PRS, and the Ethics and Business Conduct (EBC) Vice Presidency. In fiscal year 2017, the evaluations and the input of stakeholders was examined as part of a formal Metrics Review. The outcome of the review and its recommendations will be shared with stakeholders and implemented in fiscal year 2018. In addition to the Metrics Review, the IJS will disseminate its first integrated IJS Annual Report in fiscal year 2018.

58 World Bank GRI Index 2017 406-1 Incidents of In fiscal year 2017, EBC reviewed seven allegations of discrimination. These included alleged instances of discrimination and discrimination based on race, nationality, religious/creed, and gender. None of these allegations resulted in a report corrective actions taken of investigation or finding of misconduct. EBC recognizes that discrimination can be hard to prove because of its nature, which is often covert and subtle, and because of the “clear and convincing” standard of proof required of this and other serious allegations of misconduct pursuant to the World Bank Group’s Administrative Tribunal jurisprudence. EBC, therefore, is reviewing the process by which the Bank Group addresses alleged discrimination, to make it easier for staff members to successfully bring forward a claim of alleged discrimination, increase the effectiveness of EBC reviews, and provide more support to potential victims.