World Bank Annual Report 2023 - A New Era in Development

Jul 19, 2026

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World Bank Annual Report 2023 presents the institutions’ period performance from July 1, 2022 to June 30, 2023, prepared by the Executive Directors of IBRD and IDA. It outlines governance submission to the Board of Governors, financial reporting conventions, and key results from World Bank-supported operations. The report frames development amid overlapping global crises and describes the Global Crisis Response Framework, including operation approvals and climate finance achievements, supported by corporate scorecards and key tables.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages114

Reading Time4 h 47 min

Introduction

Message from the President

Message from the Executive Directors

Addressing a Multitude of Global Challenges

Regional Engagements

Working to Achieve Development Goals

Promoting Sustainable Finance and Capital Markets

Engaging with Partners on Shared Priorities

Enhancing Effectiveness and Sustainability in Our Operations

Our Values, People, and Places

The World Bank’s Climate-Related Disclosures

Guiding the Institution

Providing Oversight and Accountability

Deploying Resources Strategically

Commitment to Results

Public Disc losure Authorized A New Era in Development ANNUAL REPORT 2023 Public Disc losure Authorized Authorized Pub lic Disclosure Author ized Pub lic Disclosure Contents 3 Introduction 4 Message from the President 6 Message from the Executive Directors 9 Addressing a Multitude of Global Challenges 15 Regional Engagements 45 Working to Achieve Development Goals 71 Promoting Sustainable Finance and Capital Markets 75 Engaging with Partners on Shared Priorities 78 Enhancing Effectiveness and Sustainability in Our Operations 81 Our Values, People, and Places 87 The World Bank’s Climate-Related Disclosures 89 Guiding the Institution 90 Providing Oversight and Accountability 94 Deploying Resources Strategically 106 Commitment to Results KEY TABLES 100 IBRD Key Financial Indicators, Fiscal 2019–23 104 IDA Key Financial Indicators, Fiscal 2019–23 This annual report, which covers the period from July 1, 2022, to June 30, 2023, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors. Annual reports for the other World Bank Group institutions—the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID)—are published separately. Throughout the report, the term World Bank and the abbreviated Bank refer only to IBRD and IDA; the term World Bank Group and the abbreviated Bank Group refer to the five institutions. All dollar amounts used in this report are current U.S. dollars unless otherwise specified. Funds allocated to multiregional projects are accounted for by recipient country where possible in tables and text when referring to regional breakdowns. For sector and theme breakdowns, funds are accounted for by operation. Fiscal year commitments and disbursements data are in accordance with the audited figures reported in the IBRD and IDA Financial Statements and Management’s Discussion and Analysis documents for fiscal 2023. As a result of rounding, numbers in tables may not add to totals, and percentages in figures may not add to 100. Sustainable, inclusive, and resilient development The World Bank contributes to impactful, meaningful development results around the world. Between fiscal 2019 and 2022, operations supported by the World Bank have resulted in: 135 million 58 million people provided with new or better electricity service 96 million people with better access to transportation services 10 million farmers adopting better agricultural technology 23 million people benefiting from financial services 49 million people provided with access to better water sources women covered by social safety net programs 147 million tons in greenhouse gas emissions reductions expected per year 191 million people provided with access to better sanitation services 506 million people who received essential health services The Corporate Scorecards provide a broad overview of World Bank Group results and are critical for monitoring our performance in key global and institutional priority areas. These results show the impact of projects supported by the World Bank. Data are updated annually in October. See more at: [https://scorecard.worldbank.org](https://scorecard.worldbank.org) 371 million students reached 68 million individuals, households, businesses, and others benefiting from access to new or better jobs 59 million people provided with access to the internet The mission of the World Bank

FAQs

What time period does the World Bank Annual Report 2023 cover?

It covers July 1, 2022 to June 30, 2023, as prepared by the Executive Directors of IBRD and IDA.

How does the report describe the World Bank’s response to global crises?

It highlights the Global Crisis Response Framework and reports approvals of 322 operations across more than 90 countries in fiscal 2023.

What overarching development goals does the World Bank Group emphasize?

The mission centers on ending extreme poverty and boosting shared prosperity through sustainable, resilient, and inclusive development.

Jul 19, 2026

Upload by Patrick