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.
The Bank's new Access to Information Policy — which takes effect July 1, 2010 — greatly expands opportunities for the Bank to share its global knowledge and experience with a much wider audience and to enhance the quality of its operations by providing more information about projects and programs than ever before.
Report sets out proposals for strengthening World Bank Group
governance and overall effectiveness, including voice and participation.
RSS