Draft Provisional Agenda for the October 8, 2016 Development Committee
                 Forward Look – A Vision for the World Bank Group in 2030
           Dynamic Formula - Draft Report to Governors at Annual Meetings 2016

                                            September 13, 2016

                                            Chair Summary*

        Executive Directors considered the papers that will be presented to the Development
Committee. They welcomed the messages in the papers, and felt that they represented a sound
basis for discussion by Governors at the upcoming Development Committee.

         Directors noted that the Forward Look effectively laid out the characteristics they are
looking for in a “better� Bank. They welcomed the goal of remaining relevant to all client
segments and income levels, while maintaining a particular focus on the poorest and most
vulnerable. Directors stressed the need to continue working in Fragile and Conflict-Affected
States, with particular attention to issues surrounding forced displacement. The unique needs of
small states were highlighted, as was the need to build on the WBG’s comparative advantage in
the broader development landscape. Directors stressed that ensuring the whole WBG moves
forward on a sound financial footing was essential to achieving Forward Look goals, including a
robust IDA18 replenishment. Directors also agreed that finding ways to significantly increase
private sector partnership and mobilization, including through properly incentivizing staff, was
critical.

        Directors welcomed the Forward Look’s commitment to a more agile Bank that is less
bureaucratic and more efficient and effective for clients. Directors noted that, while the WBG is
dedicated to its twin goals, to helping its clients achieve the Sustainable Development Goals, and
to the global public goods agenda, it is important to keep in mind limited resources relative to
individual client demand. Directors supported the idea of paying particular attention to the needs
of recent IDA graduates and low middle income countries. Directors looked forward to the
development of concrete and operational proposals to implement the Forward Look agenda, and
agreed to update Governors on further progress at the 2017 Spring Meetings.

        Directors acknowledged that the Dynamic Formula represented a welcome agreement
with very broad support that had required compromises on many fronts. They agreed that the
formula together with the package of commitments to guide its application laid the groundwork
for the next stage of the shareholding discussion.




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* This summary is not an approved record.