World Bank Group Corporate Scorecard
In October 2013, the World Bank Group adopted a new Strategy that is grounded in these ambitious goals:
- ending extreme poverty by reducing the percentage of people living on less than $1.25 a day to 3 percent by 2030; and
- promoting shared prosperity by fostering income growth for the bottom 40 percent of the population in every country.
The Strategy outlines how the World Bank Group will partner with clients to help them achieve these goals through economic growth, inclusion, and sustainability.
Implementation of the Strategy is monitored by the World Bank Group Corporate Scorecard that aggregates the contributions of World Bank Group institutions—the World Bank (WB), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).
This brochure includes the new World Bank Group Corporate Scorecard and the revised World Bank Corporate Scorecard. The World Bank Corporate Scorecard has been revised to align with the World Bank Group Strategy and goals. It also matches the three-tier structure and key indicators of the World Bank Group Scorecard. IFC and MIGA recently revised their Scorecards to complement the World Bank Group Scorecard. The Scorecards are living documents to be adapted and improved based on experience with their implementation and the evolving external and internal environments.
The Scorecards are structured in three tiers:
- The Goals and Development Context tier provides an overview of progress on key development challenges faced by World Bank Group client countries.
- The Results tier reports on the key sectoral and multi-sectoral results achieved by clients implementing operations supported by the World Bank Group.
- The Performance tier captures measures of operational and organizational effectiveness.
These three tiers are the components of a unified results and performance monitoring framework with indicators grouped as follows: at an aggregate level, the Scorecard monitors how the World Bank Group implements its Strategy and improves its performance (Tier III) in order to support clients to achieve results (Tier II) in the context of global development (Tier I).
In line with the World Bank Group Strategy, the indicators in the first two tiers are grouped into three categories: growth, inclusiveness and sustainability/resilience. Economic growth that creates good jobs requires actions to strengthen both the private and public sectors. Inclusion entails empowering all citizens to participate and benefit from the development process, and removing barriers against those who are often excluded. Sustainability ensures that today’s development progress is not reversed tomorrow; it implies securing the long-term future of the planet and its resources, ensuring social inclusion, and limiting economic burdens on future generations. Scorecard indicators are disaggregated by gender, and fragile, conflict and violence-affected situations (FCV) when feasible recognizing the importance the World Bank Group Strategy places on these issues.
Last Updated: Mar 16, 2015