The World Bank is in the process of finalizing a new “corporate scorecard” that the bank will use to better align its lending with the twin goals of eliminating extreme poverty and promoting shared prosperity.
The new scorecard — a set of metrics used to analyze the Washington, D.C.-based institution’s performance and the broader development context — was released in April, but is still being finalized ahead of the bank’s next round of meetings in October. Although discussions about what indicators and target goals are most appropriate are still ongoing, and the document is full of “tbd’s” and placeholders, the updated version shows the general direction the World Bank is heading with the tool.
In the past, the scorecard has mostly been used as a communications and accountability tool, especially with the bank’s board of directors, but the bank’s senior leadership wants to use the new version as a management tool by aligning performance metrics and incentives across offices.