Ajay Banga assumed the role of World Bank Group President on June 2, 2023.
To end extreme poverty:
By reducing the share of the global population that lives in extreme poverty to 3 percent.
To promote shared prosperity:
By increasing the incomes of the poorest 40 percent of people in every country.
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.
Our Core Values
Our core values embody what is most important to us as an institution, and in how we work with each other, our clients and our partners. They guide the decisions we make and the actions we take in carrying out our mission.A Values-Based World Bank Group
The Annual Report focuses on how the World Bank is partnering with countries to end extreme poverty by 2030, promote shared prosperity, and support the global sustainable development agenda.
The World Bank Group is accountable to its shareholders and the public through a set of feedback and accountability mechanisms. It continues to refine a set of indicators to track progress on client results and the effectiveness of its operations to demonstrate progress.
The World Bank Group has opened its data, knowledge, and research to foster innovation and increase transparency in development, aid flows, and finances. A variety of tools, programs, and policies facilitates these goals.