As part of its focus on results, accountability and openness, the World Bank has developed an electronic version of its Corporate Scorecard, providing a snapshot of the overall performance of the World Bank, as well as the results Read More »
Countries continued to make progress on development priorities. Average annual GDP per capita in developing countries continued to grow, reaching $2,723 (constant 2005 US$) in 2012, fueled by, among other things, private sector investments... Read More »
What is the World Bank Corporate Scorecard?
Two ambitious goals guide World Bank Group actions: (i) ending extreme poverty by reducing the percentage of people living on less than $1.25 a day to 3 percent by 2030; and (ii) promoting shared prosperity by fostering income growth for the bottom 40 percent of the population in every country. The pursuit of these goals needs to be done in a sustainable manner that secures the long-term future of the planet and its resources, ensures social inclusion, and limits the economic burdens future generations will inherit. The World Bank Group is committed to supporting countries in the achievement of these goals with a combination of financing, knowledge, and convening services.
The World Bank Corporate Scorecard provides information on the overall performance of the World Bank, as well as the results achieved by client countries, in particular on key global development objectives. The Corporate Scorecard facilitates strategic dialogue between Senior Management and the Board of Executive Directors on progress that has been made and on areas that need attention.
The World Bank Corporate Scorecard will be revised by the 2014 Spring Meetings so that it is aligned with the new World Bank Group-wide goals and Strategy. This revision will be part of a broader effort to develop a Group-wide results framework, with a World Bank Group Corporate Scorecard as its apex. The World Bank Group Scorecard will be a strategic document with a relatively small number of selective indicators aligned with the Group’s goals and Strategy. It will be complemented by the World Bank Corporate Scorecard, the IFC Corporate Scorecard, and MIGA’s Key Performance Indicators. Its key indicators are expected to be reflected in the memoranda of understanding with operational vice-presidencies, taking into account the particularities of each business unit.
The current edition of the World Bank Corporate Scorecard follows the existing structure and indicators. It uses an integrated results and performance framework, which is organized in a four-tier structure that groups indicators along the results chain (see "Summary of the Corporate Scorecard"). Two of the tiers track elements of development results (Tiers I and II), and the other two capture elements of Bank performance (Tiers III and IV). As the Summary shows, the Corporate Scorecard monitors, at an aggregate level, whether the Bank is functioning efficiently (Tier IV), and whether it is managing its operations and services effectively (Tier III) to support countries in achieving results (Tier II) in the context of global development progress and priorities (Tier I). It presents a high-level view and is not intended to provide country or activity-level information.
Tier I indicators show the long-term development outcomes that countries are achieving and provide the context and direction for the Bank’s work. These high- level outcomes cannot be attributed to the Bank because countries and their development partners all contribute to these achievements over the long term through a combination of multi-sector interventions, actions, and policy decisions. These indicators are also affected by external factors such as global crises. Tier II highlights development results that countries have achieved with Bank support. Tier III indicators provide information on the effectiveness of the Bank’s operations and services. Tier IV focuses on organizational effectiveness and explores how well the Bank is functioning and adapting to better support countries in achieving results.
The World Bank has comprehensive systems – which are continuously improved – for measuring and monitoring both development results and its own performance. These systems are complemented by independent evaluations. In 2002, with the adoption of the Results Measurement System for the 13th replenishment of the International Development Association (IDA), the World Bank became the first multilateral development institution to use a framework with quantitative indicators to monitor results and performance. The Corporate Scorecard, first released in September 2011, expanded this approach to the whole of the World Bank by covering results and performance supported by financing from the International Bank for Reconstruction and Development (IBRD), IDA, and trust funds.