The revised plan, approved March 27 by the bank’s board of executives, includes six priorities to guide the lender’s operations in coming years: increase governance anti-corruption work in country and sector programs, prioritize efforts to strengthen country institutions, be more rigorous in measuring results, improve the bank’s capacity to manage risks, expand efforts to improve global governance, and improve organization of internal resources for governance work.
To meet these priorities, the strategy encourages the bank to deliver assistance through country systems whenever possible, strengthen training for staff members involved in governance work, and develop a practical set of indicators to measure the quality of institutions the World Bank plans to work with. The strategy outlines an implementation plan to help the World Bank roll out these steps.
The revised strategy was informed by country dialogue and online consultations the World Bank conducted Jan. 17 to Feb. 19. It takes into account recent international events such as the Arab Spring and the global financial crisis.
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