The World Bank Group Corporate Scorecard
In October 2013, the World Bank Group adopted a new Strategy that is grounded in two ambitious goals:
The Strategy outlines how the World Bank Group will partner with clients to help them achieve these goals through economic growth, inclusion, and sustainability. Implementation of the Strategy is monitored by a newly developed World Bank Group Corporate Scorecard that aggregates the contributions of all the World Bank Group institutions—the World Bank (WB), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).
This brochure includes the new World Bank Group Corporate Scorecard and the revised World Bank Corporate Scorecard. The World Bank Corporate Scorecard has been revised to ensure its alignment with the new World Bank Group Goals and Strategy. It also now matches the three-tier structure and key indicators of the World Bank Group Scorecard. Once revisions to the IFC Scorecard and MIGA’s Key Performance Indicators are complete, the four reports will be presented together. The Scorecards are living documents to be adapted and improved based on experience with their implementation and the evolving external and internal environments.
The World Bank Group Corporate Scorecard is designed to provide a high-level and strategic overview of the World Bank Group’s performance toward achieving the two goals. It is the apex from which indicators cascade into the monitoring frameworks of the three World Bank Group institutions. The Scorecard is structured in three tiers:
These three tiers are the components of a unified results and performance monitoring framework with indicators grouped along the result chain as follows: the Scorecard monitors, at an aggregate level, how the World Bank Group implements its Strategy and improves its performance (Tier III) in order to support clients in achieving results (Tier II) in the context of global development progress (Tier I).
The indicators in the first two tiers are grouped into three categories encompassing “growth,” “inclusiveness,” and “sustainability/resilience”. The World Bank Group Strategy recognizes the importance of each of these three areas for the achievement of the two goals. Economic growth that creates good jobs requires action to strengthen both the private and public sectors. Inclusion entails empowering all citizens to participate in, and benefit from, the development process and removing barriers against those who are often excluded. Sustainability ensures that today’s development progress is not reversed tomorrow; it implies securing the long-term future of the planet and its resources, ensuring social inclusion, and limiting the economic burdens on future generations. Recognizing the importance the World Bank Group Strategy places on fragility and gender, Scorecard indicators are disaggregated by gender and fragile and conflict-affected situations (FCS) when feasible.