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496,800,000 266,000,000 188,600,000 145,420,000 124,670,000

65,790,000 34,900,000 9,910,000 4,140,000 2,660,000 1,960,000 330,000 180,000

children immunized

people covered by social safety net programs

pregnant women received antenatal care people gained access to improved water sources children given a dose of vitamin A

people gained access to basic health services insecticide-treated malaria bednets distributed people benefited from improved sanitation

teachers recruited and/or trained

health personnel received training additional households connected to piped water services improved community water points constructed or rehabilitated kilometers of roads built or rehabilitated

Annual Report 2012 Annual Report 2012

The World Bank is committed to achieving and communicating results.
In its ongoing dedication to overcoming poverty and creating opportunity for people in developing countries, the Bank is making progress both internally and in the field, and it continues to improve the way it serves its client countries. This year the Annual Report showcases the World Bank Corporate Scorecard, which includes a snapshot of country results achieved by partner countries with support from the Bank. As we are fast approaching 2015, the target year for reaching the Millennium Development Goals (MDGs), the inclusion of results indicators this year is particularly relevant. On the cover of this report, you will see some results that our partner countries achieved through Bank-supported projects around the world. These results, accomplished mostly over the past decade, illustrate the efforts of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together comprise the World Bank. We encourage you to read the chapters on the enclosed CD-ROM to learn more about the World Bank’s work; its activities and outcomes in the six regions; specific results throughout the developing world over time; comprehensive lending data and a World Bank lending presentation; and full financial statements. Multiple links are provided throughout the text to connect you with even more information. We invite you to visit the websites for the Annual Report, Corporate Scorecard—with full indicator definitions—and Results to broaden your understanding of how the World Bank works with its member countries:

...................................................... All dollar amounts used in this Annual Report are current U.. to June 30.................................. has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions............. Zoellick .. Jim Yong Kim...... Throughout this report................16 The Role of IDA ......................18 Operational Summary .. MIGA.............. which covers the period from July 1............4 The World Bank’s Commitment to Results: The Corporate Scorecard ...............8 Tier II: Country Results Supported by the Bank ...1 Message from Dr.......... the Multilateral Investment Guarantee Agency (MIGA)......S.............................. and ICSID............................................. the terms “World Bank” and “Bank” refer to IBRD and IDA......... As a result of rounding.....................................................20 World Bank Lending by Theme and Sector ..................22 This Annual Report................... 2012..... has submitted this report.. together with the accompanying administrative budgets and audited financial statements.......................................10 Tier III: Development Outcomes and Operational Effectiveness ....... and percentages in figures may not add to 100..........12 Tier IV: Organizational Effectiveness and Modernization .......3 Message from the Board of Executive Directors ................................. 2011...............................14 The World Bank Group Affiliates ........16 The Role of IBRD .... and the International Centre for Settlement of Investment Disputes (ICSID) are published separately............... to the Board of Governors............... dollars unless otherwise specified....................................... “World Bank Group” refers collectively to IBRD.............. IDA.......................................... numbers in tables may not add to totals........ Jim Yong Kim ........ IFC..............................7 Tier I: Development Context........... President of IBRD and IDA and Chairman of the Board of Executive Directors.............Contents Message from Robert B.................. .. Dr.. Annual Reports for the International Finance Corporation (IFC)........

Zoellick The past five years have been a time of testing for the World Bank Group and our ability to respond to the needs of our clients. and a focus on results. and human crisis with political implications. In 2007 and 2010. IDA. promoting greater attention to public-private partnerships. food security. fighting corruption. poverty. and guarantees to its members and to private businesses. Through these difficult times. IBRD commitments totaled $20. We are supporting the enabling environment for investment and private sector activity. made commitments of $14. compared with $26. and building better governance. This Annual Report incorporates the World Bank Corporate Scorecard. In 2010. We have been modernizing multilateralism for a world economy with multiple poles of growth and democratizing development through greater openness and accountability. extending financing to small and medium-sized businesses and microfinance. grants. we have a well-resourced Bank with an AAA rating. Our agenda has included gender equality. and financial crises. we have customized new products for the middle-income countries that are increasingly important drivers of growth. sharing knowledge and information. innovation. Results are at the core of the Scorecard.6 billion in loans. equity investments. You can read about many of the Bank’s achievements in the “World Bank for Results 2012” chapter on the CD-ROM that accompanies the printed version of this Annual Report. Its purpose is to help Management and the Board of Executive Directors to evaluate progress and pinpoint programs and initiatives that require improvement. joblessness. They’ve faced hunger.8 billion. we have placed the 1 . disaster prevention. The World Bank Group has paid special attention to the central role of the private sector in development. In fiscal 2012. shareholders backed the IBRD’s first capital increase in more than 20 years.Annual Report 2012 Message from Robert B. Today. This year. speed. especially conflict-affected and fragile states. The World Bank Group’s shareholders have supported our priorities and performance with first-rate financial support. Out of challenge. climate change and biodiversity. emphasizing the need for fiscally responsible human safety nets to protect the most vulnerable. and debt—an economic. fuel.7 billion in 2011. We have maintained our focus on the poor in all regions. We are laying the foundations for expanding social accountability. supporting trade finance. compared with $16.3 billion in 2011. a focused snapshot of the Bank’s overall performance. the World Bank Group committed $52. we have looked for opportunity and hope. infrastructure investment. and inclusion. social.6 billion. At the same time. and encouraging investment in countries that need it the most. Developing and developed countries have been challenged by the triple threat of the food. two record-breaking IDA replenishments raised more than $90 billion. the World Bank Group has stepped up to support our clients with flexibility. the Bank’s fund for the poorest countries. financial innovation. especially Africa.

in the labor force. to the OKR (Open Knowledge Repository). I want to thank our Governors. The lives of girls and women have changed dramatically over the past decades: today. and in the strength of their voices in society.and post-natal care. reduce paper. and living longer than ever before. and thoughtful staff. They range from PforR (Program for Results). The main message of the Report is that gender equality is both a core development objective in its own right as well as smart economics—enhancing productivity and improving prospects for the next generation. Yet women still fall behind in earning and productivity. in all quarters of the globe. access to economic opportunities. a global information base that will help guide education system reform.The World Bank majority of our content—such as the Bank’s response to the global economic crisis and the six regional briefs—in electronic formats. Board of Executive Directors. more girls and women are literate. The report points to priority areas for policy going forward. I want to thank the Bank Group’s leadership team and the committed. Zoellick President of the World Bank Group and Chairman of the Board of Executive Directors 2007–2012 2 . Robert B. an open-access home for our research outputs and knowledge products. One important area of the Bank’s results is in “Gender Equality and Development”—the theme of World Development Report 2012. This year’s Annual Report showcases how these and other programs have been central to helping us better support our clients’ needs over the past year. and lower costs. a lending instrument that specifically ties funding to results. education. hard-working. to reflect readership preference. pre. to SABER (Systems Approach for Better Education Results). and other partners for their guidance and support in advancing the work of this vital institution. in school. It has been my privilege to serve with you. You are the ones who bring the work of development to life. and voice and influence within society. The World Bank’s staff are tackling these and other challenges with new and innovative tools. Most of all. This marks my last message to you as President of the World Bank Group. including closing gender gaps in female mortality.

especially through helping countries develop cost-effective social safety nets. It also underscores the importance of collaboration across the World Bank Group and working with external partners to advance our shared goal of building prosperity and eradicating poverty. This report highlights the achievements and effectiveness of the institution. as well as look toward future opportunities. knowledge.Annual Report 2012 Message from Dr. I look forward to working with the Board. DC. and around the world. experience. as well as the Bank Group’s dedicated staff in Washington. It is a privilege to undertake this great work. our partners and clients. We are continuing to support our clients as they respond to immediate pressures. Jim Yong Kim I am pleased to transmit the 2012 Annual Report of the World Bank. But we are also well positioned to assist countries as they design and implement longer-term development strategies through our lending. despite a challenging global economic environment. Dr. Jim Yong Kim President of the World Bank Group and Chairman of the Board of Executive Directors 3 . and expertise. Our mission remains more important than ever—to help developing countries respond to immediate pressures. Today. the World Bank Group has a unique opportunity to accelerate inclusive and sustainable growth and social progress.

Nutrition. and impact of operations. (seated) Ian Solomon. Open Knowledge. The Board considered a number of documents key to these concerns. as well as support for crisis resilience. Executive Directors also serve on one or more standing committees: the Audit Committee. Sid Ahmed Dib (Alternate). Ingrid Hoven. and policies of the Bank.The World Bank Annual Report 2012 From left to right (standing) Rogerio Studart. Open Solutions Initiative described in the report “Update on the Bank’s Business 5 . Jorg Frieden. Hassan Ahmed Taha. Mukesh N.) Board Achievements of 2012 Executive Directors continued to exercise their oversight of the institution amid a challenging global economic outlook. South Asia. Directors periodically visit member countries to review Bank assistance in progress. They are also responsible for presenting to the Board of Governors an audit of accounts. Marta Garcia Jauregui. Committee on Governance and Administrative Matters. The Board also monitors the compliance of projects with operational policies and procedures through the independent Inspection Panel. Shaolin Yang. and the business community. Executive Directors fulfill an important role in guiding the general operations of the Bank and its strategic direction. Hekinus Manao. and Human Resources Committee. and the report “Safety Nets Work: During Crisis and Prosperity. The Executive Directors’ Steering Committee. They meet a wide range of stakeholders. Budget Committee. Executive Directors also looked forward to the World Development Report 2013: Jobs. sustainability. In October 2011 and February and May of 2012. Committee on Development Effectiveness. such as the Open Data. Ruud Treffers. Susanna Moorehead. and guarantee proposals made by the President. emphasizing reforms to advance poverty reduction and inclusive and http://worldbank. providing independent advice on the relevance. The Board considers and decides on the International Bank for Reconstruction and Development (IBRD) loan and guarantee proposals and the International Development Association (IDA) credit. they discussed key reform efforts. In-Kang Cho (Alternate). Anna Brandt. including government officials. Agapito Mendes Dias. Felix Alberto Camarasa. Renosi Mokate. representatives of nongovernmental organizations. Directors visited countries in Europe and Central Asia. which also reports to the Board. as well as Bank staff. Piero Cipollone. other development partners. beneficiaries. In addition. Konstantin Huber. Message from the Board of Executive Directors The 25 resident Executive Directors are responsible for the conduct of the Bank’s general operations under delegated powers from the Board of Governors. Photo: Frank Vincent The Independent Evaluation Group (IEG) reports directly to the Board of Executive Directors. Marie-Lucie Morin. (See http://worldbank. Vadim Grishin. operations. As provided in the Articles of inspectionpanel. as well as clients’ experience. Nobumitsu Hayashi. and West Africa. grant. Abdulrahman Almofadhi. an informal advisory body. with the rest elected by other member countries to form constituencies in an election process every two years. These documents included the World Development Report 2012: Gender Equality and Development. representing the evolving perspectives of member countries on the global role of the Bank. and The World Bank Annual Report on fiscal year results. and the MDGs. Prasad. Directors discussed progress toward the Millennium Development Goals (MDGs) in the Global Monitoring Report: Food Prices. an administrative budget. five Executive Directors are appointed by single countries having the largest number of shares.” which concentrates on improving the design and efficiency of existing social safety net programs and creating new ones where needed. also meets regularly. Merza Hasan. 4 Ambroise Fayolle.

and for vulnerable and excluded” Executive Directors further supported drought and famine relief in the Horn of Africa with funds from the Crisis Response Window and affirmed their commitment to implementing the New Deal for Engagement in Fragile States. Executive Directors also reviewed 49 country assistance strategy products.9 billion for fiscal 2013.” The Board also gave its attention to the ongoing ministerial-level dialogue on sustainable development in support of the Rio+20 and G-20 processes.8 billion in IDA support. fragile states. Executive Directors selected Dr.) 6 . and to the MDGs. Jim Yong Kim as President for a five-year term beginning on July 1. 2012. and Accountability. The Board approved approximately $35. The Board approved an administrative budget for the World Bank of just under $1.The World Bank Modernization: Results.3 billion in financial assistance in fiscal 2012. 41 of which were prepared jointly with the International Finance Corporation (IFC). especially in lagging regions. Dr. comprising about $20. (See http://worldbank. Kim is President of the World Bank Group and Chairman of the Board of Executive Directors. and welcomed the report “The World Bank Group Innovations in Leveraging the Private Sector for Development. Openness.6 billion in IBRD lending and $14.

Private Sector Development. Tier IV. In addition. These indicators are also affected by external factors such as global crises. and processes efficiently? Is business modernization on track? Resources and Alignment Capacity and Skills Business Modernization Sector Actions related to Post-Crisis Directions G Y Y G LEGEND G Y R NA Majority of the indicators in the group show improvement or are on-track. and Poverty Institutions and Governance Human Development and Gender Sustainable Development Finance. There is insufficient data or there are no trends for the indicators in the group. because countries and their development partners all contribute to these achievements over the long term through a combination of multisector interventions. For Tier I. resources. assesses how well the Bank is functioning and adapting to better support countries in achieving results. These high-level outcomes cannot be attributed directly to the Bank. Tier I provides the Global Development Context—the indicators show the long-term development outcomes that countries are achieving. and policy decisions.Annual Report 2012 The World Bank’s Commitment to Results: The Corporate Scorecard The Corporate Scorecard provides information on the Bank’s overall performance and results achieved by its clients. while some indicators show improvement. Introduced two years ago. Private Sector Development. Tier II is Country Results Supported by the Bank. Ratings are not assigned to individual indicators in the detailed table since these are driven by country demand. No clear trend. Organizational Effectiveness and Modernization. provides information on the effectiveness of the Bank’s operations and services. Majority of the indicators in the group show declines or are off-track. capacity. the Bank operates a comprehensive web-based results reporting system. actions. and Trade II Country Results Supported by the Bank How is the Bank supporting countries in achieving results? Institutions and Governance Human Development and Gender Sustainable Development Finance. Development Outcomes and Operational Effectiveness. This tier highlights development results that countries have achieved with Bank support. Jobs. Tier III. others show decline or no change. 7 . For Tier II. the four-tier Scorecard covers the full spectrum of IBRD and IDA activities. and provide the context and direction for the Bank’s work. the Summary table presents overall ratings based on management assessment of progress of Bank-supported activities. and Trade Y G G G III PERFORMANCE Development Outcomes and Operational Effectiveness Is the Bank managing the performance of its activities effectively to achieve results? Development Outcomes Lending Operations Knowledge Activities Use of Country Systems Y Y G G IV Organizational Effectiveness and Modernization Is the Bank managing skills. I RESULTS Development Context What is the development progress in Bank client countries as a group? Growth. color-coded traffic lights are not assigned since Tier I provides overall development context. The Scorecard facilitates dialogue between Management and the Board on progress made and areas that need attention.

2 1.5 1. PRIVATE SECTOR DEVELOPMENT. Target the Poor and Vulnerable 2.2.2 1.110 761 2010 2010 1.25 a day fell to less than half its 1990 value indicating the first Millennium Development Goal (MDG) target of cutting the extreme poverty rate to half its 1990 level was already achieved before 2015.3 1.2.8 290 20. 1990) Legend LINKAGES PCD 1–5 Linkages to Post-Crisis Directions: 1.2 1. Mobile cellular telephone subscriptions+ Agriculture Productivity and Food Security Cereal yield Agriculture value added per worker (kg per hectare) (constant 2000 US$) 2.2 1.4 2006 2009 2005 2005 2005 2005 2005 63 0.4 56. 1990 Domestic credit to private sector Employment to population ratio (15+) Ratio of female-to-male labor force participation+ MDG1 MDG3 INSTITUTIONS AND GOVERNANCE State Institutions with adequately established/differentiated power structure Effective and accountable government Public access to information Level of statistical capacity (scale: 1–10) (scale: 0–7) (scale: 0–100) (scale: 0–100) 6.7 2.2 MDG8 MDG7 MDG7 Halve proportion of people without access (baseline of 28%.080 74.000 live births) (% children under 5yrs) (% of relevant age group) (%.4 53. Strengthen Governance 5. 1990 Halt by 2015 and begun to reverse Reduce by three-fourths from the baseline of 440. as well as other priority areas.1 68.94 67 2012 2010 2010/11 2011 4 4 4 4 HUMAN DEVELOPMENT AND GENDER Under 5 mortality rate+ Prevalence of HIV.6 2011 2012 1.89 50.5 Climate Change and Environment CO2 emissions + (kg per 2005 US$ of GDP) (% of total surface area) (%) 0. 1991) Secondary school enrollment rate Gender parity index in primary and secondary education+ MDG3 100% (baseline of 84% 1991) SUSTAINABLE DEVELOPMENT Infrastructure Paved roads Access to an improved water source+ Access to an improved sanitation facility+ Household electrification rate + (% of total roads) (% of population) (% of population) (% of households) (per 100 people) 31. global poverty overall continued to fall. gross) (%) 70 0. fuel.5 1.000 live births) (% ages 15–24) (per 100. color-coded traffic lights are not assigned because Tier I provides the overall development context in IBRD/IDA eligible countries.2 1.2 2008 2010 2000–10 3 1. By 2010.3%.3] 33 1999–03 2005 2005 2004 2006 50.2 MDG4 MDG6 MDG5 MDG1 MDG2 Reduce by two-thirds from the baseline of 100. Maternal mortality and child mortality are falling significantly short of their MDG targets.5 1. FINANCE.25 (PPP) a day+ GDP per capita + (%) (constant 2000 US$) (% of GDP) (%) (%) 31.3 3. and only limited progress has been made in employment.1 60.1 85. A preliminary World Bank survey-based estimate for 2010 on a much smaller sample indicates that the global poverty rate at $1.3 MDG7 MDG7 MDG7 Protected terrestrial areas Average annual deforestation DATA [ ] IDA only + Indicators used in proposed IDA16 Results Measurement System Note: For Tier I.8 230 17.2 1. nearly 86 percent of the world’s population had access to improved drinking water.2 67.7 61. AND POVERTY Population below US$ 1. governance.01 66 2006 2006/07 2007 2005 6. GROWTH.21 36 2009 2009 2011 2 (% of population 15+) (scale: 1 = low.6 83. JOBS.5 2011 2007 9.2 MDG1 Halve from the baseline of 42.2. and despite recent crises.7 89.7 2.7 94.7 2.3 2005 2006 1990–00 0. Manage Risk and Prepare for Crisis MDG Linkage to the Millennium Development Goals.2. and financial crises over the past four years at times caused sharp negative impacts on vulnerable populations and slowed the rate of poverty reduction in some countries. female Maternal mortality ratio+ Prevalence of underweight children + Primary school completion rate + (per 1.1 0. Gender parity in primary and secondary schools improved in 2010.20 56.0 0.2 1.6 86.4 [61.2 2. AND TRADE Male–female gap in the population with an account at a formal financial institution Trade logistics performance index: Overall+ Trade diversification • Product export diversification • Market diversification Time required for business start-up+ (index: 0–1) (index: 0–1) (days) 0.5 2008 2011 2011 2010 2010 1 1.3 1. The food. 5 = high) 9. 1990 100% (baseline of 69%.894 685 2006 2006 3.21 0.60 12. the number of poor declined.2 1. Developing countries hit numerous other strides.2 1. The poorest population groups remain vulnerable.23 50 2005 2005 2007 0. in every region of the developing world.2 1.3] 73 2005–09 2010 2010 2008 2010 1. 1990) Halve proportion of people without access (baseline of 57%.5 1.5 1.9 2010 2009 2010 2010 2010 2010 2010 1.1 1.The World Bank Annual Report 2012 Tier I: Development Context INDICATORS BASELINE Value Year CURRENT Value Year LINKAGES PCD MDG MDG TARGETS 1990–2015 Tier I: The latest data on poverty shows that for the first time.657 55.2 66.4 2002 2006 2005 2005 2006 22.3 MDG8 MDG8 8 9 . Promote Global Collective Action 4.7 96. and biodiversity. Create Opportunities for Growth 3.24 0. Average annual GDP per capita in developing countries increased. These global trends mask significant variations between and within countries.2 62.65 12.2 [56.

5 2 2 1.2 1.2. As a contributor and partner to country development programs. liability. SUPPORT TO INSTITUTIONS AND GOVERNANCE Countries with strengthened national statistical systems Countries with Bank-supported programs on asset.4. shares knowledge and analysis. the baseline and current values of some indicators are revised and have the same values. Strengthen Governance 5.5 SUPPORT TO FINANCE.7 531.6 FY11 FY10 FY11 FY11 FY09 1.5 1.5 1.1 29 19.6 3. in the sustainable development of infrastructure.2.5 1.868 FY11 FY12 1.2.354 5.1 531.4 2.1 FY12 FY11 FY12 FY12 FY11 1. million tons CO2 equivalent) (number) Outcome Output 315 76 FY12 FY10 315 74 FY12 FY12 3. agriculture. the Bank.1 36. The Bank supports countries’ national development priorities.3. infrastructure.252 39.4 2.2. with offices in more than 120 countries.5 DATA Year Represents the fiscal or calendar year when most recent data were available. as well as for creating opportunities for growth.504 39.040 FY12 FY12 FY12 FY12 FY12 1.6 3. it also included IBRD.4 2. often plays a coordinating and convening role for development partners.4 2. and access to services for the poor and the vulnerable. + Indicators used in proposed IDA16 Results Measurement System Note: For Tier II. therefore. PRIVATE SECTOR DEVELOPMENT. and an environment for growth and access.2.2 TYPE Output indicators will be replaced by outcome indicators as country-level data become available.95 25 18. and in finance and private sector development.5 Gender Pregnant women receiving antenatal care+ Women and girls benefiting from social protection programs and other targeted schemes (millions) (millions) Outcome Outcome 17 78 FY11 FY12 50 78 FY12 FY12 1.2.1 10. and in FY11. AND TRADE Active number of microfinance loan accounts Countries that have applied trade-related diagnostic tools (millions) (number) Outcome Outcome 31 15 FY12 FY12 31 15 FY12 FY12 1. Target the Poor and Vulnerable 2.4 (number) (number) Outcome Output 6 64 FY07 FY10 13 85 FY12 FY12 2. Tier II includes aggregate data collected through the standardized sector indicators. are included.The World Bank Annual Report 2012 Tier II: Country Results Supported by the Bank INDICATORS TYPE BASELINE Value Year CURRENT Value Year PCD LINKAGE Tier II: The Bank provides financial resources.2 Legend LINKAGES PCD 1–5 Linkages to Post-Crisis Directions: 1. Climate Change and Environment Emission reduction with support of special climate finance instruments Countries supported on natural disaster management (annual. and risk management Countries with strengthened Public Management Systems in: • Civil service and public administration • Tax policy and administration • Public financial management • Procurement • Transparency and access to information (number) (number) (number) (number) (number) Outcome Outcome Outcome Outcome Output 28 27 57 11 61 FY12 FY12 FY12 FY12 FY11 28 27 57 11 72 FY12 FY12 FY12 FY12 FY12 2. supports institutions and country capacity.868 FY12 FY12 1.719 FY11 FY12 FY12 FY11 FY11 57.2 78 114. millions) (number) Output Outcome 0.5 1.4 2. color-coded traffic lights are not assigned for individual indicators because they represent country results achieved with Bank support and are demand-driven. and facilitates partnerships and knowledge exchanges among developing countries to help them address development challenges. Results pertaining to human development.2 1.5 SUPPORT TO HUMAN DEVELOPMENT AND GENDER Teachers recruited and/or trained+ Countries with Bank-supported learning assessments People with access to a basic package of health services+ Children immunized+ Beneficiaries covered by social safety net programs (millions) (number) (millions) (millions) (millions) Outcome Output Outcome Outcome Outcome 0. Promote Global Collective Action 4.5 1. The Bank first started data aggregation using Core Sector Indicators in IDA projects in FY10. The data show country results supported by Bank operations. Data to be reported in 2013 Agriculture Productivity and Food Security Area provided with irrigation services Farmers adopting improved agricultural technology (hectares. Bank support has contributed to significant results achieved by its clients in education and health.2.5 128 114.740 3.5 1. especially those related to women and girls.2 1.3 10 11 .5 1. which evolve as country circumstances change. Create Opportunities for Growth 3. Manage Risk and Prepare for Crisis SUPPORT TO SUSTAINABLE DEVELOPMENT Infrastructure Roads constructed or rehabilitated + People provided with access to improved water sources+ People provided with access to improved sanitation+ Transmission and distribution lines constructed or rehabilitated Generation capacity of conventional and renewable energy People provided with access to electricity (kilometers) (millions) (millions) (kilometers) (megawatts) (millions) Output Outcome Outcome Output Output Outcome 56.

There is insufficient data to establish a trend. as well as the Bank’s operations effectiveness. Promote Global Collective Action 4.The World Bank Annual Report 2012 Tier III: Development Outcomes and Operational Effectiveness INDICATORS BASELINE Value Year CURRENT Value Year PCD LINKAGES PERFORMANCE STANDARD STATUS Tier III: The Bank’s policies. achievement meets or exceeds performance standard. No meaningful increase or decrease. and processes reinforce its emphasis on results. Gender Mainstreaming Projects with gender-informed design+ CAS/CPS that draw on and discuss gender assessment findings+ (%) (%) 60 60 FY10 FY08 80 100 FY12 FY12 1. Not applicable.4 71.6 FY11 FY11 FY12 FY12 FY12 FY11 FY12 90 90 Monitored Monitored 20 Monitored Monitored Y Legend LINKAGES PCD 1–5 Linkages to Post-Crisis Directions: 1.6 72. Monitoring.5 70.8 20.0 7.0 6.7 18.8 18.6 21.2 55 100 Y G STATUS G G KNOWLEDGE ACTIVITIES Data freely accessed by global users Publications including research cited in professional journals (million visits) (number) 1. client feedback. PD=Paris Declaration. Note: CAS=Country Assistance Strategy. or for indicators with performance standards.8 76.0 82. achievement is close to performance standard but does not meet performance standard. NA PERFORMANCE STANDARDS Performance standards/targets are provided where available. and its use of country systems.0 71. A meaningful increase from baseline. Watch.0 6. Indicators are “monitored” where performance standard or target is not relevant. Strengthen Governance 5. or there is no performance standard. or for indicators with performance standards. including the quality and results orientation of its operations and knowledge activities. Manage Risk and Prepare for Crisis Y G G G G DATA List of countries designated as “fragile” changes every year + Indicator used in proposed IDA16 Results Measurement System * G Managing Operations for Results. CPS=Country Partnership Strategy. or for indicators with performance standards. 12 13 .7 FY12 FY10 FY10 FY10 FY10 FY11 FY11 70 Monitored 80 75 70 80 7 R Y R Y G Y Y III-B: OPERATIONAL EFFECTIVENESS LENDING OPERATIONS Ensuring Sound Quality and Portfolio Performance Quality of design for investment operations+ Quality of implementation support for investment operations Satisfactory implementation of active operations Gross disbursements Disbursement ratio+ Average time from approval to first disbursement Recipient executed trust fund disbursements (%) (%) (%) (US$ billions) (%) (months) (US$ billions) 76 83 88 19. achievement is not close to performance standard. the mainstreaming of gender in its operational work. A meaningful decrease from baseline. Target the Poor and Vulnerable 2. the performance of its lending portfolio.9 FY09 FY09 FY08 FY08 FY08 FY08 FY08 83 78 85. Create Opportunities for Growth 3.0 76.51 3. III-A: DEVELOPMENT OUTCOME RATINGS Satisfactory CAS/CPS completion+ Satisfactory (IBRD/IDA) operations outcomes at completion+ • IBRD countries • IDA countries • Fragile situations (IBRD/IDA)* Analytic and advisory activities objectives accomplished+ Clients’ impression of Bank effectiveness (% IEG rating) (% IEG rating) (% IEG rating) (% IEG rating) (% IEG rating) (%) (scale: 0–10) 59. This tier shows the overall success of Bank activities in achieving their development goals. systems. real-time monitoring of results and performance.3 12 2. Off-track. Blank cells show that some standards are not developed.0 70.000 2008 2010 6.2 1. and Evaluation Projects with indicators capturing all aspects of development objective+ Implementation Completion and Results Reports reporting key results+ Bank operations with beneficiary feedback (%) (%) (%) 83 95 22 FY09 FY12 FY11 91 95 22 FY12 FY12 FY11 100 100 Monitored Y G Year Represents the fiscal or calendar year when data were reviewed.5 70. and systematic self-evaluation.5 77. They include quality assurance.5 30. complemented by ex post independent evaluation of strategies and activities by the Independent Evaluation Group (IEG).9 FY10 FY08 FY08 FY08 FY08 FY08 FY08 63.000 2011 2010 Monitored Monitored G Y USE OF COUNTRY SYSTEMS Use of country systems for procurement (PD survey)+ Use of country systems for financial management (PD survey) Use of country monitoring and evaluation systems + + (%) (%) (%) (%) 40 42 72 49 2006 2006 FY09 2006 55 71 77 59 2011 2011 FY12 2011 55 65 Monitored 66 G R G G NA Collaborative analytical and advisory activities (PD survey)+ Y On-track.

Manage Risk and Prepare for Crisis M = Business Modernization Y Y CAPACITY AND SKILLS Staff diversity Staff mobility Staff engagement (index) (%) (%) 0. G G 14 15 . Off-track.9 8. US$ billions/year) (average.2 FY11 FY08 FY08 FY08 FY08 38 14 357. US$ billions/year) (average.1 (2010–15) Y Y STATUS G Y G Y G R IV-B.4 FY12 FY12 FY12 M M M Monitored 10 Monitored G R PROJECTIONS Y Projections are based on the current estimation of future client demands.0 (2011–12) 1.08 3.2 4. IDA. Processes and Systems for Flexibility and Efficiency Projects with new risk framework with fast processing Speed of preparation from Concept Note to Approval+ Average cost of preparing a lending project+ Average annual cost supporting project implementation+ Budget flexibility at the start of the fiscal year (%) (months) (average. or there is no performance standard.9 FY12 FY12 FY12 FY12 FY12 FY12 FY12 Monitored Monitored Monitored Monitored Monitored Monitored Monitored G Y G NA G Legend LINKAGES PCD 1–5 Linkages to Post-Crisis Directions: 1.5 1. US$) (%) 45 17 359. IDA. RESOURCES.000 115.3 FY08 FY08 FY08 FY08 FY08 FY08 FY08 63. achievement is not close to performance standard.3 6. or for indicators with performance standards. Promote Global Collective Action 4. SPF) Support to sustainable infrastructure (IBRD.7 R NA G On-track.85 4.0–3.00 Monitored Monitored Y Y Y BUSINESS MODERNIZATION Products and Services for Results Lending for program results IBRD/IDA results stories and briefs Sectors/themes with core indicators for both IDA and IBRD (number) (number on web) (number) 0 131 0 FY12-Q3 2008 FY09 2 646 24 FY12-Q4 FY12 FY12 M Monitored Monitored 7 NA DATA + Indicator used in proposed IDA16 Results Measurement System Year Represents the fiscal or calendar year when data were reviewed. A meaningful decrease from baseline. or for indicators with performance standards. A meaningful increase from baseline. SPF) Support to health.5 40.69 2. SKILLS. and to implement its modernization agenda in order to become more responsive and accountable to its stakeholders.9 45. There is insufficient data to establish a trend.6 4.0 FY06–08 FY04–07 FY04–07 FY95–09 4.2 5.000 3.2 1.8 44. US$) (average.5–6. GEF. Watch. to better align the skills and capacity of its staff with its strategic priorities. RETF.1 14. AND BUSINESS MODERNIZATION RESOURCES AND ALIGNMENT Client services as % of total cost Client services in fragile and conflict-affected areas Lending commitments (IBRD/IDA) Financial intermediary funds commitments Recipient executed trust fund commitments Share of knowledge services funded by trust funds Use of trust funds to support IBRD/IDA lending preparation and implementation support (%) (% of total cost) (US$ billions) (US$ billions) (US$ billions) (%) (%) 62. With a real flat budget since fiscal 2006. G G PERFORMANCE STANDARDS Performance standards and targets are provided where available.9 31.2. The Bank has been steadily improving its organizational effectiveness.3 19. Strengthen Governance 5.The World Bank Annual Report 2012 Tier IV: Organizational Effectiveness and Modernization INDICATORS BASELINE Value Year CURRENT Value Year PCD/M LINKAGES PERFORMANCE STANDARD STATUS Tier IV: The Bank continues to work to improve its organizational efficiency. IV-A. Blank cells show that some standards are not developed. Organization Openness: Access to Information requests with timely completion Sector Board Connectivity: Professional staff time spent on tasks in other Bank units Decentralization: Services for clients managed by staff based in client countries+ (%) (%) (%) 78 7. Create Opportunities for Growth 3.9 24.7 4. Indicators are “monitored” where the performance standard or target is not relevant. nutrition. SECTOR ACTIONS RELATED TO POST-CRISIS DIRECTIONS Support to agriculture and related sectors (IBRD.000 132. it has made continuous improvements in the way it allocates and uses its resources.2. achievement is close to performance standard but does not meet performance standard.9 35.000 3.4 1.6 10. and population (IBRD. achievement meets or exceeds performance standard. US$ billions/year) (average.89 4.5 2. US$ billions/year) 2.39 78 FY08 FY08 FY08 0.1 FY12 FY12 FY12 FY12 FY13 M M M M Monitored 12 months Monitored Monitored 5 PROJECTIONS FY10–12 FY09–12 FY11–12 FY10–12 1.4 1.5 1.6 FY11 FY08 FY08 78 6. IDA) Support to education sector (IDA) (average.39 80 FY12 FY12 FY10 1. Target the Poor and Vulnerable 2. No meaningful increase or decrease.4 (2010–12) Monitored 2.3 1. Not applicable. or for indicators with performance standards.

One summary measure of the Bank’s risk profile is the ratio of equity to loans and long-term investment assets. respectively. Public Administration. In addition. Consistent with IBRD’s development mandate.5 billion). which help maintain its AAA credit rating.2 billion in grants.1 billion will be paid-in over a five-year period. dollar equivalent (USDeq) 2.S.4 billion by issuing bonds in 23 currencies. IBRD was able to borrow these large volumes on very favorable terms despite volatile market conditions.4 billion). IBRD seeks not to maximize profit but to earn enough income to ensure its financial strength and sustain its development activities. commodity prices. Among sectors. Energy and Mining ($2.4 30 28.6 27.9 billion. including USDeq 2. In fiscal 2012.2 billion). (See http://www. reduce poverty. and Africa ($147 million) followed.) 20 10 IDA Financial Commitments IDA commitments amounted to $14.5 billion in fiscal 2005–08). The Bank’s strength is based on IBRD’s prudent financial policies and practices.worldbank. $2.4 billion). IBRD also offers financial products that allow clients to efficiently fund their development programs and manage risks related to currency. and the International Centre for Settlement of Investment Disputes (ICSID).8 billion in fiscal 2012. and less than the $26. and Justice received the largest commitment ($5. IDA is the largest multilateral channel of concessional financing to the world.3 billion in interest rate hedges and USDeq 149 million in currency hedges (all local currency conversions). The largest share of resources was committed to Africa. This ratio stood at 27. The Role of IBRD This global development cooperative is owned by 188 countries.) themes receiving the highest share of commitments were Financial and Private Sector Development (16 percent). The FIGURE 1 IBRD RATIO OF EQUITY TO LOANS AND LONG-TERM INVESTMENT ASSETS AS OF JUNE 30. such as environmental sustainability.3 17 0 FY08 FY09 FY10 FY11 FY12 16 . followed by East Asia and Pacific ($5. IBRD Financial Commitments and Services New lending commitments by IBRD were $20.2 billion in fiscal 2010 when the crisis peaked. Europe and Central Asia ($6.2 billion. and Health and Other Social Services ($2. interest rates. Law.2 billion) received the largest shares of IBRD’s new lending. As a cooperative institution.6 34.0 percent as of June 30. including $12. followed by Public Sector Governance (13 percent) and Human Development (13 percent). (See http://www. 2012.4 billion. the Multilateral Investment Guarantee Agency (MIGA). Commitments to the Middle East and North Africa ($1. South Asia ($5.The World Bank Annual Report 2012 The World Bank Group Affiliates The institutions of the World Bank Group are the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).7 billion in fiscal 2011. and $0. risk management products. IBRD raised USDeq 38.4 billion). in fiscal 2012—significantly higher than the historical average ($13. the Bank’s Treasury executed U. and natural disasters. Treasury executed USDeq 269 million in swaps on behalf of the International Finance Facility for Immunisation.0 The Role of IDA The World Bank’s fund for the poorest countries.4 billion). Under the terms of the general and selective capital increase resolutions approved by the Board of Governors on March 16. the International Finance Corporation (IFC). IBRD works with its members to achieve equitable and sustainable economic growth in their national economies and to find solutions to pressing regional and global problems in economic development and in other important areas. including 93 operations. It also executed swap transactions totaling USDeq 9. the principal risk it takes is the country credit risk inherent in its portfolio of loans and guarantees. Its funding supports countries’ efforts to boost economic growth. of which $5. Of fiscal 2012 allocable net income. As of June 30. subscribed capital is expected to increase by $86. South Asia ($1. Because of its standing in the capital markets and its financial strength. and improve the living conditions of the poor. the cumulative increase in subscribed capital and the related paid-in amounts in connection with these capital increase resolutions totaled $15. and expertise on development-related disciplines and by coordinating responses to regional and global challenges. IBRD Resources IBRD issues bonds in international capital markets and provides long-term loans to middle-income countries. followed by Transportation ($ In fiscal 2012. 2012 PERCENT 40 37.2 billion) and Latin America and the Caribbean ($6.8 billion).org/ibrd. 2011.3 29. Each institution discloses its fiscal year highlights in a separate annual report.5 billion in hedging transactions on behalf of member countries. Collaboration among the affiliates is increasing as the Bank works more closely with the private sector.worldbank.3 billion and $0. which received $7. but less than the record $44. the Executive Directors approved the addition of $390 million to the general reserve. In fiscal 2012. which together comprise the World Bank. IBRD’s equity primarily comprises paid-in capital and reserves.6 billion.1 billion in credits. 2012.4 billion in guarantees. and recommended to the Board of Governors the transfer of $608 million to IDA.5 billion to manage the risks of its balance sheet. 81 countries were eligible to receive IDA assistance. which is closely managed in line with the Bank’s financial and risk outlook. It pursues its overriding goal—to overcome poverty and improve standards of living—primarily by providing loans. These organizations work together and complement each other’s activities to achieve their shared goal of reducing poverty and improving lives.

grants from IFC. Human Development (16 percent). total resources (revised to reflect IDA’s currency hedging and updated subsequent to the replenishment discussions) amount to SDR (Special Drawing Rights) 33.0 billion (equivalent to $2. and investment income.4 FIGURE 2 IBRD-IDA LENDING BY THEME | FISCAL 2012 SHARE OF TOTAL LENDING OF $35.9 billion). The US$ equivalents are based on the reference exchange rate for IDA16. gender.5 billion (equivalent to $5. Special themes include crisis response. and Justice sector ($3. and Information and Communications. and Justice 25% 5% Finance 12% Health and Other Social Services Information and Communications <1% 4% Industry and Trade FIGURE 5 IDA REPLENISHMENTS BILLIONS OF DOLLARS 25.7 billion) and Nigeria ($1.9 billion (equivalent to $2. Law.1 billion. Under the 16th Replenishment (IDA16). Europe and Central Asia ($0. and the amounts are provided for illustrative purposes only.3 BILLION FIGURE 4 Water. and Forestry Education Transportation 13% 14% Energy and Mining Public Administration.The World Bank Annual Report 2012 billion) and East Asia and Pacific ($1. Data reflects final agreed replenishment reports and exchange rates used during the replenishment discussions.3 13% IDA14 FY06–08 IDA internal resourcesa IBRD and IFC transfers 14% 15% <1% 11% Human Development Note: n.6 26.9 12.6 billion (equivalent to $26.3 BILLION Urban Development 12% 4% 11% Economic Management Environment and Natural Resources Management Financial and Private Sector Development Trade and Integration Social Protection and Risk Management Social Development. charges. and Flood Protection.9 billion).0 14.3 billion) were the largest country recipients. This figure includes donor resources of SDR 17. and balances carried forward from prior replenishments of SDR 2.7 6.3 3. IDA internal resources include principal repayments.9 billion (equivalent to $50. The themes receiving the highest share of commitments were Rural Development (24 percent). Gender.3 BILLION South Asia 18% 21% Africa IDA Resources IDA is largely financed by contributions from donor governments. Fishing. b.2 17.3 billion). = not applicable. followed by Latin America and the Caribbean ($0.a. Middle East and North Africa 4% Latin America and the Caribbean 19% 19% East Asia and Pacific 19% Europe and Central Asia IBRD-IDA LENDING BY SECTOR | FISCAL 2012 SHARE OF TOTAL LENDING OF $35. transfers from within the World Bank Group. Sanitation.6 n. Every three years. and Inclusion Rural Development Rule of Law 5% 10% 4% 3.9 5. a. Water. Public Sector Governance 18 19 . and borrowers’ repayment of earlier IDA credits. including associated investment income of SDR 1. IDA15 FY09–11 Donor compensation for MDRI debt forgiveness Donor contributionsb IDA16 FY12–14 6. because IDA cash flows are hedged to SDRs. India ($2.8 billion).4 billion). IDA16 includes funding for a dedicated Crisis Response Window to help low-income countries deal with the impact of natural disasters and severe economic shocks. Commitments for Infrastructure.2 billion) also received large shares of committed funding. the Public Administration. Sanitation. credit reflows of SDR 8. and Urban Development (13 percent).9 billion (equivalent to $13. FIGURE 3 IBRD-IDA LENDING BY REGION | FISCAL 2012 SHARE OF TOTAL LENDING OF $35.4 billion).3 billion). Significant support was also committed to the Education sector and Health and Other Social Services sector (combined $3.4 billion) from 51 countries. Transportation. The overarching theme and main focus of IDA16 is the delivery of development results. and Flood Protection 10% 9% 8% Agriculture. reached $5. donor governments and representatives of borrower countries meet to discuss IDA’s policies and priorities. and fragile and conflict-affected states.a. which covers fiscal years 2012–14. Law. the currency in which IDA’s commitment authority is recorded. including funds from accelerated credit repayments and the differentiation of lending terms for IDA’s blend and gap borrowers. including the sectors Energy and Mining. and Middle East and North Africa ($0. donor compensation for debt forgiveness of SDR 3. Net of structural financing gap. climate change.4 billion). and to agree on the volume of new resources required to fund its lending program over the subsequent three fiscal years. 7 of which are new donors. and the Agriculture sector ($2 billion).1 billion).3 1. Additional financing comes from transfers from IBRD’s net income.4 billion).

032 10.176 2.197 20.161 2. Reported in IBRD’s financial statements as “Income before fair value adjustment on non-trading portfolios.023 7.468 3.970 7.582 13.903 5.287 38.885 7.023 38.793 14.037 123.485 12.425 11.978 113.813 2.583 16.532 18.235 2.271 36.588 28.574 800 36.689 29% 20.698 51.328 34% 44.325 62.269 2.490 3.052 11.781 125.944 2.575 14.349 9.501 7.050 38.059 6.888 38% 32.524 21.542 27.347 105.539 5.636 27% a.806 136.333 19.967 10.182 6.217 8.138 10.550 2.879 10.010 112.855 17.522 3. net and Board of Governors–approved transfers”.777 9.582 10.103 63.830 2.565 9.106 29% 26.672 9.370 11. FY08 FY09 FY10 FY11 FY12 11.610 (2.474 30.282 1. Includes a HIPC grant of $45.061 2.219 1.872 2.459 64.062 20 21 .160 2.911 15.The World Bank Annual Report 2012 OPERATIONAL SUMMARY | FISCAL 2012 MILLIONS OF DOLLARS IBRD Commitments Of which development policy lending Gross disbursements Of which development policy lending Principal repayments (including prepayments) Net disbursements Loans outstanding Undisbursed loans Operating incomea Usable capital and reserves Equity-to-loans ratio FY08 FY09 FY10 FY11 FY12 13.125 572 36.209 7.652 2.111 113.820 9.753 1.837 2.737 9.916 783 37.120) 99.228 2.827 11.576 37.696 5.144 6.041a 2.151 14.624 17.092 4.994 132.5 million for Côte d’Ivoire. IDA Commitments Of which development policy lending Gross disbursements Of which development policy lending Principal repayments (including prepayments) Net disbursements Credits outstanding Undisbursed credits Undisbursed grants Development grant expenses a.435 1.894 29.460 3.231 120.

518 169 5.235 32.305 2. and Forestry Education Energy and Mining Finance Health and Other Social Services Industry and Trade Information and Communications Public Administration.927 4.696 1.059 24.445 3.696 397 2.167 640 9.743 4.250 1.623 24.468 4.662 6.750 207 5.247 3.181 149 5.691 2. Sanitation.003 882 1.608 1.360 24.617 43.981 4.118 35.197 14.702 2.605 35.807 897 6.707 2.281 4.006 1.236 6.443 1. 22 23 .261 4.695 6.102 7.035 126 5.335 Of which IBRD Of which IDA 12.737 16.277 1.393 3.492 6.190 1.134 2.502 1.906 3.945 9.379 6.421 5.299 813 5.361 1. Law.961 4. and Justice Transportation Water.022 1.156 2.995 44.906 2.400 3.337 17.128 1.702 3.911 13.251 146 10.347 304 2.747 2.541 1.296 3.335 SECTOR Agriculture.829 11.618 4. Gender.296 4.017 4.269 20.267 4.180 1.352 158 8.514 43.648 1.445 6. and Inclusion Social Protection and Risk Management Trade and Integration Urban Development THEME TOTAL FY07 FY08 FY09 FY10 FY11 FY12 248 2.828 9.000 1.792 1.867 13.293 3.752 1.747 655 6.001 24.550 26.002 4.830 2.5 million.570 2.006 1.733 5.950 4.444 3.784 1.004 952 5.806 329 9.949 3.728 4.614 2.089 3.726 8.673 8.261 4.636 908 5.305 5.764 4.085 9. and Flood Protection SECTOR TOTAL FY07 FY08 FY09 FY10 FY11 FY12 1.544 57 5.604 4.176 1.The World Bank Annual Report 2012 WORLD BANK LENDING BY THEME AND SECTOR | FISCAL 2007–12 MILLIONS OF DOLLARS THEME Economic Management Environmental and Natural Resource Management Financial and Private Sector Development Human Development Public Sector Governance Rule of Law Rural Development Social Development. Fiscal 2009 IDA lending excludes HIPC grants totaling $45.753 Note: Numbers may not add to totals because of rounding.137 6.103 58.467 46.575 58.818 5.468 11.717 2.390 424 3.959 5.872 4.638 4.108 16 4.365 46.997 4.006 3. Fishing.582 14.228 4.925 9.

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433 million IDA | $80 million Portfolio of Projects | $8.233 million IDA | $362 million Portfolio of Projects | $23. Kitts and Nevis Dominica St. Country Offices.288 million Portfolio of Projects | $37.8 billion Vanuatu Fiji Romania St. and provide more timely service to its partners in client countries.2 billion Tonga SOUTH ASIA FY12 New Commitments IBRD | $1. and 39 percent of staff. of Iran Pakistan Nepal India Bhutan Bangladesh Myanmar Haiti Guatemala El Salvador Belize Honduras Cape Verde Jamaica Mauritania Senegal The Gambia Guinea-Bissau Guinea Sierra Leone Liberia Mali Burkina Faso Togo Benin Ghana Ecuador Equatorial Guinea São Tomé and Príncipe Gabon Rwanda Rep. Increased presence in client countries is helping the Bank to better understand. Thailand Cambodia Marshall Islands Federated States of Micronesia Philippines Kyrgyz Rep.431 million IDA | $1.B. of Korea Mongolia Syrian A. of Yemen Djibouti South Sudan Uganda Ethiopia Sri Lanka Somalia Maldives Kiribati Malaysia Palau Vietnam Lao P. MIDDLE EAST AND NORTH AFRICA FY12 New Commitments IBRD | $1.World Bank Regions. Lucia St. Chad Sudan Eritrea Rep. of Egypt Georgia Armenia Uzbekistan Azerbaijan Turkmenistan Afghanistan Islamic Rep. de Venezuela Guyana Suriname Côte d’Ivoire Kiribati Samoa Fiji LATIN AMERICA AND THE CARIBBEAN FY12 New Commitments IBRD | $6. of Congo Angola Peru Bolivia Brazil Zambia Malawi Madagascar Zimbabwe Namibia Paraguay Botswana Mozambique Swaziland Ukraine Dominican Republic Antigua and Barbuda Chile Argentina Uruguay Poland South Africa Lesotho Mauritius Burundi Tanzania Kenya Seychelles Comoros Indonesia Timor-Leste Solomon Islands Papua New Guinea Tuvalu Niger Nigeria Cameroon Central African Rep.3 billion Nicaragua Panama Costa Rica Colombia R. R.2 billion R. Russian Federation Poland Belarus Ukraine Moldova Romania Bulgaria Turkey Lebanon West Bank and Gaza Arab Rep. work more effectively with. Eighty-eight percent of Country Directors/Country Managers. Rep. of Congo Dem.197 million Portfolio of Projects | $30. are based in country offices.0 billion Countries eligible for IBRD funds only Countries eligible for a blend of IBRD and IDA funds Countries eligible for IDA funds only Inactive IDA-eligible countries Countries not receiving World Bank funds Offices of the World Bank Offices with the Country Director present World Bank region boundaries Morocco Algeria Tunisia Russian Fed.D. Iraq Jordan Libya Mexico EAST ASIA AND PACIFIC FY12 New Commitments IBRD | $5. and Borrower Eligibility The World Bank today operates out of more than 120 offices worldwide.379 million Portfolio of Projects | $40.181 million IDA | $448 million Portfolio of Projects | $33.158 million IDA | $5. de Venezuela IBRD 32613R8 AUGUST 2012 . Vincent and the Grenadines Croatia Serbia Grenada Trinidad and Tobago Bulgaria Bosnia & Kosovo Herzegovina Montenegro Albania FYR Macedonia AFRICA FY12 New Commitments IBRD | $147 million IDA | $7.R. Tajikistan Kazakhstan China Rep. B.4 billion EUROPE AND CENTRAL ASIA FY12 New Commitments IBRD | $6.

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