We are reforming to enhance the voice and representation of developing and transition countries in the Bank Group, with an additional Board seat for Sub-Saharan Africa and an increase in the voting power of developing countries to at least 47 percent by spring 2010, aiming at 50 percent over time.
Governance and anti-corruption are now key elements in Bank operations across sectors and countries, with lending in public sector governance comprising approximately $4.7 billion in FY08 and $5.8 billion in FY09.
A major effort is underway to reform the Bank’s Investment Lending model so that it responds better to borrowers’ needs and a changing global environment. The new approach calls for more focus on results and risks; and streamlined processing of low risk operations while paying more attention to supervision and higher risk investments.
Under forthcoming disclosure policy reform, the Bank will disclose information unless there is a designated exception.
Report sets out proposals for strengthening World Bank Group
governance and overall effectiveness, including voice and participation.