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World Bank budget FY16 (English)

The World Bank Group (WBG) has made good progress on the implementation of reform efforts and the new operating model in FY15. The Global Practice structure is in place now, with strengthened management and governance, and the institution is focused on advancing our strategic goals and objectives. Important priorities are delivery to IDA countries, including on IDA17 commitments, and to the middle income clients. The strategic planning process and approach to budgeting launched in the last budget cycle is being refined to provide even greater focus on the operating model and its efficiency. This WBG budget report has the following sections: (1) overview and FY16 budget recommendations; (2) financial and budgetary context section discusses the main determinants of the size of the overall expenditure envelope: the institution’s financial outlook in the context of the financial sustainability framework; and the implementation of the Expenditure Review; (3) FY16-18 budget framework and proposal section highlights the key budgetary and institutional priorities adopted during the business planning process. It presents the specifics of the FY16 administrative budget proposal, including use of budget flexibility, allocations by work program, unit type, and operational unit as well as an expense line view. It also includes a discussion of non-unit specific accounts and budgets, and the capital budget; (4) work program and deliverables section provides an overview of the operational work program to be funded by the proposed FY16 net administrative budget – particularly in support of institutional priority areas; and (5) next year planning outlook and annexes.

Details

  • Document Date

    2015/09/25

  • Document Type

    Board Report

  • Report Number

    100629

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2015/11/03

  • Disclosure Status

    Disclosed

  • Doc Name

    World Bank budget FY16

  • Keywords

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Citation

World Bank budget FY16 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/525671468188047741/World-Bank-budget-FY16