As the World Bank Spring Meetings conclude, Devex takes a look at the projects in the pipeline for the world’s largest development bank. You can browse through different locations, sectors and the different stages of projects under preparation in this interactive visualization. More details on each project can be found in our Funding Activity Feed, which is also accessible through the visualization.
Most of the World Bank’s financial and technical assistance to developing countries is channeled through the International Bank for Reconstruction and Development and the International Development Association in form of credits, loans, grants and guarantees. In the fiscal year 2016, the IBRD and IDA committed $45.9 billion to partner countries through a total of 291 approved projects.
World Bank project life cycle
The World Bank project cycle has traditionally been divided into six stages: Identification, preparation, appraisal, negotiation and approval, implementation, and evaluation.
The World Bank’s economic research arm might be influential at the identification stage, but the request for a project must be submitted by the ministry of finance of the interested country. However, the "idea" for a project can come from a need flagged by civil society, the private sector, any ministry of the borrowing government or the bank itself. Once a project is identified, it is included in the Monthly Operational Summary. During the in planning stage, the bank might fund prefeasibility studies to be carried out by any eligible contractor. Once the feasibility and viability of a project is confirmed, a task team leader from the bank is assigned for the preparation stage. However, the executing agency will be responsible for examining the technical, economic, environmental and social aspects of the project, and in charge of advertising any potential consulting opportunity in relation to those evaluations.