The World Bank helps countries achieve progress toward their development goals and protect hard-earned gains through a unique combination of financing, expertise, and convening power. Our work is strengthened by our knowledge, which helps countries develop informed solutions to their most pressing development challenges. These include our reimbursable advisory services, which member countries of all income levels can request, as can nongovernment and nonprofit organizations and other multilateral institutions. We curate and disseminate development data to monitor progress toward our goals, and we work to reduce gaps in the availability of core data that can inform evidence-based policy making and reforms. Our experience on the ground spans countries, regions, and sectors, allowing us to apply lessons learned and best practices to our work around the world. And our role as a trusted partner and broker of global knowledge positions us to lead on the global development agenda.
Our response to the COVID-19 pandemic illustrates how we harness these strengths to support countries in times of crisis. Our knowledge products have assessed the wide-ranging impacts of the pandemic—such as the increase in extreme poverty, the disproportionate effects on women, rising food insecurity, and diminished remittance flows—to offer actionable policy insights. We convened stakeholders to address the most urgent issues arising from the pandemic, such as debt sustainability, learning losses, social protection, and countries’ health needs—this includes $4.4 billion in financing and technical assistance in fiscal 2021 to help 53 countries procure and distribute vaccines, tests, and treatments. And we have begun laying the foundation for long-term recovery, providing informed approaches to help countries build more sustainable cities, invest in resilient infrastructure, prepare for natural disasters, and adapt to a rapidly changing climate.
This work is guided by the four pillars of the Bank Group’s COVID-19 crisis response approach: saving lives; protecting the poor and most vulnerable; ensuring sustainable business growth and job creation; and strengthening policies, institutions, and investments for rebuilding better. By leveraging our comparative advantages—country depth and global breadth, a range of flexible financing mechanisms, deep multisector expertise, and wide-reaching convening power—we are mounting an exceptional and unprecedented response to the pandemic to help countries navigate their way out of crisis toward green, resilient, and inclusive development.