World Bank Project Deck slide image

World Bank Project Deck

10 EVOLUTION PROCESS Transforming the World Bank to Leverage its Impact The World Bank and other Multilateral Development Banks (MDBs) are increasingly important in addressing global challenges such as poverty, shared prosperity, inclusion, resilience, sustainability, and cross-border issues like climate change, pandemics, and conflict and violence. The three building blocks of the World Bank's Evolution Process: Vision & Mission Our new vision is to create a world free of poverty on a livable planet and our new mission is to end extreme poverty and boost shared prosperity on a livable planet by strengthening inclusion, resilience, and sustainability. Operating Model We are introducing enhancements to our country engagement model, analytics, financing instruments, and incentives, to focus more on outputs rather than inputs. Financial Model While maintaining the triple-A credit rating that allows us to efficiently leverage shareholder equity, we have been making available more resources through balance sheet optimization and we are attracting more funds for increasing our equity (e.g. through hybrid capital), as well as more resources for concessional funding. THE WORLD BANK Treasury
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