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Poverty Reduction Support Credits : An Evaluation of World Bank SupportThe goal of Poverty Reduction Support Credits (PRSCs), introduced in early 2001 under World Bank Interim guidelines, was to help countries implement comprehensive, country-owned development strategies to promote growth, improve social conditions, and reduce poverty. PRSCs were intended to ease conditionality and to make annual flows to recipient countries predictable and integrated with their budgets. To reduce fiduciary risks associated with budget support, PRSCs were intended to strengthen domestic budget processes. They were seen as providing a framework for donor harmonization and were meant to focus on achieving clearly defined results.
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Improving the World Bank's Development Effectiveness : What Does Evaluation Show?The pace of change in the overall performance of the developing world has not altered markedly over the past 20 years. The number of people living in extreme poverty declined from 1.5 billion in 1980 (40 percent of population), to 1.2 billion in 1990 (28 percent of population), to 1.1 billion in 2001 (21 percent of population). Growth per capita has followed much the same profile. In the 1980s, only about two-thirds of developing countries showed positive per capita income growth, and this percentage remains unchanged. Life expectancy and literacy indicators show overall improvements, but some regions show worrisome trends. There has been slow and steady progress in overall development outcomes during the period, but the speed and scale of change remain static. These averages, of course, mask huge differences across regions, with very worrisome increases in poverty and continued low growth in Sub-Saharan Africa. The Bank has transformed itself significantly in the past 10 years, and should be ready for further adjustments to current climate of rapid change. Greater selectivity, more flexibility, and improved efficiency within its chosen areas of intervention are needed going forward if a global institution such as the Bank is to remain useful and relevant and show concrete results in a fast-changing world.
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A Guide to the World BankThis book is intended for the wide range of people around the world who need basic information about the work of the Bank Group. This audience includes people working in all aspects of development, students, members of the general public, and staff members of the Bank Group itself. Because this audience is so broad, the text emphasizes the organizational and conceptual divisions of the Bank Group's activities and guides readers to potential sources of more-detailed explanations of the development work in progress. The annual reports of the Bank Group institutions provide more details on the volume and types of development assistance. The annual World Bank Group Directory lists telephone contacts for individuals and departments. The following chapters explain how the World Bank Group is organized; how it operates; and how its work focuses on countries, regions, and specific topics in development. Appendixes provide further information on Bank Group contacts, on the organization's history, on country membership and the voting shares in the institutions, on the sector and thematic categories for the Bank Group's activities, and on Bank Group resources in individual countries.