Member's Documents
Results and Performance of the World Bank Group 2024 Managing Results in an Uncertain World
Published by: Independent Evaluation Group (IEG), World Bank Group
The RAP series aggregates and interprets evidence on World Bank Group performance, mainly using IEG’s validations of World Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) self-evaluations of projects and country programs.
The 2024 RAP maintains symmetry across institutions by analyzing common or similar factors linked to performance, while acknowledging their differences. Hence, the RAP includes separate chapters for World Bank, IFC, MIGA, and country programs which allows more in-depth discussion of performance trends and relevant topics for each institution.
The 2024 RAP covers projects implemented during the COVID-19 and subsequent food and energy crises, and also projects implemented at a time where the Bank has been prioritizing International Development Association (IDA ) countries and fragility and conflict situations. As a result, the portfolio has been increasingly exposed to risky contexts and periodic shocks, which in turn has impacted project performance and outcome ratings.
This RAP identifies four levers that are significantly associated with stronger performance and better development outcomes – particularly in the face of riskier environments: enhancing the design of operations and country programs, adopting effective risk management, addressing client institutional and capacity challenges, and improving results monitoring.
