The World Bank Group strategy (Vol. 2) : Final report (English)

The World Bank Group (WBG) has developed a new strategy focusing on the ambitious goals of ending extreme poverty and promoting shared prosperity. It is committed to helping countries reach these goals in a sustainable manner. This strategy outlines how... See More + The World Bank Group (WBG) has developed a new strategy focusing on the ambitious goals of ending extreme poverty and promoting shared prosperity. It is committed to helping countries reach these goals in a sustainable manner. This strategy outlines how the WBG will work in partnership to help countries end extreme poverty and promote shared prosperity in a sustainable manner. The WBG has set two ambitious goals: end extreme poverty: reduce the percentage of people living on less than $1.25 a day to 3 percent by 2030; and promote shared prosperity: foster income growth of the bottom 40 percent of the population in every country. The goals, and the partnerships needed to achieve them, are well aligned with the international community's efforts to reach the millennium development goals (MDGs) and establish an ambitious post-2015 agenda. The two goals emphasize the importance of economic growth, inclusion and sustainability-including strong concerns for equity. The WBG strategy builds on a strong foundation; what is new is the singular focus on the two goals in a rapidly changing global context. The WBG offers a platform where the perspectives of all countries and citizens can be brought to bear. The WBG's global reach can help shape the international community's response to crisis and volatility and to complex threats like climate change, which require concerted action at all levels. The new strategy is the first encompassing all four principal agencies working together as one WBG: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The WBG will strengthen the focus of its country programs by developing a more evidence-based and selective country engagement model in the context of country ownership and national priorities, and in coordination with other development partners.  See Less -