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All of the work at the World Bank is anchored in two goals: ending extreme poverty and promoting shared prosperity in a sustainable manner. Reaching these ambitious goals requires the World Bank to deliver the world’s best ideas, knowledge, and experience in development. Country-based teams are the chief interface with clients and are responsible for developing country and regional strategies. They foster selectivity in country programs, ensure that these programs account for the relevant country’s individual context and political economy, and integrate public and private sector solutions. To support the country-based programs and marshal the best development knowledge available, the World Bank Group has Global Practices that bring together knowledge and expertise in 14 sectors and 5 cross-cutting areas that range from adapting to climate change to boosting food security or increasing access to energy. Sector Global Practices provide world-class, integrated, evidence-based solutions to help clients address their most complex challenges, while Cross-Cutting Solutions Areas focus the World Bank’s resources on corporate priorities.

Proceeds from World Bank bonds are used to support financing of projects designed to alleviate poverty and promote shared prosperity in an environmentally and socially sustainable way that protects natural resources, making World Bank bonds especially attractive to investors with ethical or sustainable investment strategies. Examples of projects include:

• Step 2: Define a Country Partnership Framework (CPF) that lays out which of the country’s own development objectives the World Bank can help the government achieve based on its comparative advantages and the alignment with the World Bank’s own mission of ending extreme poverty and increasing shared prosperity.

• Step 4: Present every project for approval by the Board of Executive Directors: a resident Board with 25 chairs representing its member countries approves projects that demonstrate consistency with the agreed Country Partnership Framework and how they contribute to achieving the twin goals of the World Bank to reduce poverty and promote shared prosperity in a sustainable manner.

• Step 5: Monitor and learn from project implementation: government agencies report the projects’ progress and the World Bank monitors the agreed milestones towards achieving the project’s objectives including a formal review at least twice a year. The World Bank also conducts a review of the lessons learned at the conclusion and each project is also subject to an independent evaluation.

The proceeds of the World Bank bonds are invested in accordance with IBRD’s conservative liquidity policy until they are used for the support of the World Bank’s financing of eligible projects and programs. Disbursement requests for eligible projects take place in accordance with IBRD’s established policies and procedures. Disbursements are often made over a period of several years, depending on when each project milestone is reached.

The World Bank supervises the implementation of all its projects. Client countries implement the development projects in accordance with the project loan agreement. This includes regular reports by the implementing government agency on project activities, including a mid-term review of project progress. The project’s progress, outcomes and impacts are monitored by the government and the World Bank throughout the implementation phase to obtain data to evaluate and measure the ultimate effectiveness of the operation in terms of the objectives it was set to achieve. This documentation is publically disclosed with the project documentation. There is also an audit by the World Bank’s Independent Evaluation Group following completion of the project.

The World Bank safeguards, policies and procedures apply to all projects. This includes reviews by the World Bank’s financial management and procurement specialists to ensure that adequate fiduciary controls on the use of project funds are in place at the country/project level.

In terms of transparency, there is access to documents, results data and information about projects and operations through the World Bank’s Open Data initiative. The World Bank Treasury website provides links to selected projects’ information and to newletters that also provide highlights of the World Bank’s activities.

The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the ordinary sense but a unique partnership to reduce poverty and support development across all sectors including education, health, nutrition, and access to essential infrastructure.

The World Bank works across intersecting and complex sectors supporting client development priorities around the world. In FY17, IBRD committed $22.6 billion through over 125 projects to help developing countries find solutions to the toughest global and local development challenges.

Some examples of individual projects that are eligible for World Bank financing are highlighted below. This is provided for illustrative purposes only and no assurance is given that disbursements for projects with these specific characteristics will be made by the World Bank during the lifetime of the any specific bond. There is no specific allocation of the proceeds of a World bank bond to one specific project.