Scribd
Upload
21 views8 pages

Evolving the World Bank's Mission and Vision

The document discusses renewing the World Bank Group's vision and mission in response to a rapidly changing global landscape. It notes that the world is off track to achieve sustainable development goals and has experienced multiple crises. The World Bank Governors have requested a dialogue to enhance the shared vision and strategic priorities. The document outlines three pillars for the World Bank's evolution: expanding its vision and mission to reflect global challenges, reviewing its operating model, and exploring options to expand resources and enhance its financial model. It provides examples of proposals under consideration, such as enhancing concessionality frameworks and the financial model. The document concludes by asking for feedback on the proposed direction and priorities.

Uploaded by

jalainiemaniri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
21 views8 pages

Evolving the World Bank's Mission and Vision

The document discusses renewing the World Bank Group's vision and mission in response to a rapidly changing global landscape. It notes that the world is off track to achieve sustainable development goals and has experienced multiple crises. The World Bank Governors have requested a dialogue to enhance the shared vision and strategic priorities. The document outlines three pillars for the World Bank's evolution: expanding its vision and mission to reflect global challenges, reviewing its operating model, and exploring options to expand resources and enhance its financial model. It provides examples of proposals under consideration, such as enhancing concessionality frameworks and the financial model. The document concludes by asking for feedback on the proposed direction and priorities.

Uploaded by

jalainiemaniri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

RENEWING

THE WORLD BANK GROUP


VISION AND MISSION

AN OVERVIEW OF WBG EVOLUTION


A RAPIDLY CHANGING
LANDSCAPE
The world is tremendously off track to achieve the Sustainable Development Goals (SDGs)

Over the last few years, we have experienced:


Global Prosperity Gap
(2017 US$/Day at PPP)
• Multiple overlapping crises
• Increase in poverty Food Insecure, by FCS Status
(Millions)
• Declines in growth
• Reversals in hard-won human Poverty Rate
development gains (Percent of Population)

• Threats to prosperity from global


challenges

2
A CALL TO
ACTION

WBG Governors requested “… a systematic dialogue to enhance our shared vision for the WBG,
including strategic priorities, strengths and gaps, incentives, operational approach, and financial
capacity to bolster and scale the response to global challenges and move toward achieving the
Twin Goals and the SDGs in all client countries.”

The global community—including many of you—have called on MDBs to step up support for the
world’s polycrises; lend substantially more to governments and do more to mobilize private financing;
and do more on mitigation and adaptation to fight climate change.

3
3 PILLARS OF WBG
EVOLUTION

Expand our Vision and Mission to reflect global challenges; strengthen emphasis on resilience and sustainability

Review our Operating Model and consider enhancements to our country engagement model, analytics, financing
instruments, and incentives, within an enhanced One WBG approach

Explore options to expand our resources and enhance our Financial Model

4
WBG
EVOLUTION
BUILDING BLOCKS
Knowledge & Outcome Orientation

Speed & Simplification New Programs & Instruments

Client Engagement Crisis Response Toolkit

Domestic Resource Mobilization Partnerships

Private Sector Mobilization & One WBG


5
PROPOSALS TO EVOLVE THE
FINANCIAL MODEL

Concessionality Framework for the WBG Enhancement of Financial Model


• Principles of WBG Concessionality (IBRD, IFC, MIGA), • Enhanced callable capital
including fundraising coordination • GEMs: Modalities of making data available externally with
• Allocation Framework for determining where appropriate safeguards
Concessionality is most needed based on the • Portfolio guarantee platform
Principles (considerations will include vulnerability,
• IDA options for strengthening short and medium-term
small states, regional support for IBRD countries, etc.
financing capacity
• Sources of Concessionality for IBRD, including the
• Update on further utilizing MIGA’s financial model for overall
Global Public Goods Fund
capital efficiency
• Sources of Concessionality for the private sector,
• Shareholder hybrid capital
including new donors and a multi donor,
replenishable fund • Establishment of IDA Crisis Facility (Board approved May 18)

6
QUESTIONS
FOR FEEDBACK
& DISCUSSION?

7
What are your views on the direction and ambition of the new mission statement?

Do you agree with the enhancements to the operating model, and are there specific
improvements you consider as priorities?

Do you agree with the recommendations to adapt the financial model, and the suggested
financial proposals to be explored further, to address the wide gap between needs and
resources?

What do you expect by the 2023 Annual Meetings with regard to the WBG evolution, and
do you support the proposed next steps for WBG Management and the Bank Group’s
Executive Directors to advance the agenda?

Do you have any other views you would like to share?

WBG
EVOLUTION
8

You might also like