Answer:
Step-by-step explanation:
The World Bank Group (WBG) has developed a new
Strategy focusing on the ambitious goals of ending
extreme poverty and promoting shared prosperity. It is
committed to helping countries reach these goals in a
sustainable manner.
The new Strategy is the first encompassing all four
principal agencies working together as One World
Bank Group: the International Bank for Reconstruction
and Development (IBRD), the International Development
Association (IDA), the International Finance Corporation
(IFC), and the Multilateral Investment Guarantee
Agency (MIGA).
The Strategy lays out how the World Bank Group will
reposition itself, based on a value proposition to best
serve the development community in pursuit of the two
goals. The WBG will focus on customized development
solutions and align all its activities with the two goals;
work more in partnership with others, including the
private sector; and significantly increase collaboration
across its agencies.
Implementation of the Strategy will require organizational
change and a new framework for medium-term financial
sustainability to ensure that the World Bank Group’s
resources are commensurate with its responsibilities on
behalf of the international community. Once translated
into action, the Strategy will reinforce the WBG’s role as
the world’s unique global development institution that
helps affect transformational change for the nearly
4 billion people still living in or close to the edge of
extreme poverty.