The World Bank Group has established ambitious but achievable goals on which to anchor its work in meeting these historic challenges. Specifically, the institution will strive to end extreme poverty at the global level by 2030 and to promote shared prosperity in developing countries, which will entail fostering income growth for the bottom 40 percent of the population. These goals will be pursued in an environmentally, socially, and economically sustainable manner to ensure that development gains do not harm the welfare of current and future generations. This Annual Report focuses on the work of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), collectively known as the World Bank. We encourage you to read this report to learn more about the Bank’s work—the activities and outcomes it supports in the six regions in which it works, and the results of that work in helping to overcome poverty and create opportunities for people in developing countries.