Ending Poverty on a Livable Planet - Report to Governors on World Bank Evolution

Jul 19, 2026

Urgent transformation of the World Bank is presented to accelerate progress toward ending poverty and achieving the Sustainable Development Goals amid COVID-19 disruptions, rising geopolitical tensions, climate threats, and widespread hunger, water and energy scarcity, and FCV. The report sets out a new vision, mission, and playbook to strengthen solutions, modernize delivery, and expand financing capacity. It also outlines changes to the World Bank’s financial model, including concessional finance, to enhance impact for people and the planet.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages33

Reading Time1 h 23 min

Executive Summary

We Are Running Out of Time

A New World Bank Vision and Mission

Our Direction

Our Ambition to Better Support Clients

A New World Bank Playbook

Doubling Down on Impact

Modernizing Our Approach to Delivery

World Bank Financial Model

Financing Capacity

Concessional Finance

Conclusion

References

Annex 1: Summary of Agreed Evolution Deliverables as of Marrakech

Annex 2: Provisional Corporate Scorecard for the World Bank with Illustrative Indicators

Abbreviations

Public Disclosure Authorized Public Disclosure Authorized ultspgpie For Discussion Development Committee: Thursday, October 12, 2023 Ending Poverty on a Livable Planet: Report to Governors on World Bank Evolution Development Committee September 27, 2023 Table of Contents Executive Summary .................................................................................................................................... v I. We Are Running Out of Time ............................................................................................................ 1 II. A New World Bank Vision and Mission ............................................................................................ 1 a. Our Direction .................................................................................................................................... 1 b. Our Ambition to Better Support Clients ........................................................................................... 2 III. A New World Bank Playbook ............................................................................................................ 5 a. Doubling Down on Impact................................................................................................................ 5 b. Modernizing Our Approach to Delivery ......................................................................................... 10 IV. World Bank Financial Model........................................................................................................... 13 a. Financing Capacity ......................................................................................................................... 14 b. Concessional Finance...................................................................................................................... 17 V. Conclusion ......................................................................................................................................... 19 References.................................................................................................................................................. 20 Annex 1: Summary of Agreed Evolution Deliverables as of Marrakech.............................................21 Annex 2: Provisional Corporate Scorecard for the World Bank with Illustrative Indicators ...........24 Abbreviations AIIB Asian Infrastructure Investment Bank CAF Capital Adequacy Framework CCDR Country Climate and Development Report CEM Country Economic Memorandum CRDC Climate Resilient Debt Clause CRW+ Crisis Response Window Plus CPF Country Partnership Framework CPSD Country Private Sector Diagnostic DFI Development Finance Institution EDs Boards of Executive Directors E/L Equity-to-Loan ESF Environmental and Social Framework FCS Fragile and Conflict-Affected Situations FCV Fragility, Conflict, and Violence FIF Financial Intermediary Fund G20 Group of 20 GCP Global Challenge Program GEMs Global Emerging Markets Risk Database Consortium GPG Fund Global Public Good Fund IBRD International Bank for Reconstruction and Development ICSID International Centre for Settlement of Investment Disputes IDA International Development Association IFC International Finance Corporation IMF International Monetary Fund MDB Multilateral Development Bank MIGA Multilateral Investment Guarantee Agency MTR Mid-Term Review PFR Public Finance Review SDGs Sustainable Development Goals SLL Statutory Lending Limit TF Trust Fund WESP Warehouse-Enabled Securitization Platform Executive Summary i. Extraordinary times require urgent action and new solutions. The world is in transformation. The COVID-19 pandemic upended decades of development progress that lifted more than one billion people out of poverty. Geopolitical tensions are on the rise and the climate crisis is an existential threat to people and the planet. The int

FAQs

Why does the report emphasize urgency for ending poverty and protecting a livable planet?

It cites COVID-19 reversing long-term development gains, increasing geopolitical tensions, and the climate crisis, alongside widespread hunger, resource scarcity, and fragility, conflict, and violence. It argues that the international community has fallen off track for SDG targets by 2030.

What changes does the report propose for the World Bank’s vision and mission?

It describes setting a new vision to create a world free of poverty on a livable planet and a mission to end extreme poverty and boost shared prosperity on a livable planet. The report states the Bank will have a formal mandate to both fight poverty and address global challenges.

What does the report include in the World Bank’s new playbook and financial model?

It calls for doubling down on impact and modernizing delivery approaches. It also outlines the World Bank financial model, including financing capacity and concessional finance, to strengthen solutions and enhance overall financing.

Jul 19, 2026

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