In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the...

In 2005, the World Bank Group (WBG) formally introduced the results framework in the country assistant strategy (CASs) as a key tool for improving the quality of the WBG's strategy in borrowing member countries, maximizing the development effectiveness of WBG assistance, and demonstrating...

The World Bank Group (also known as the “Bank Group”) is the largest anti-poverty institution in the world, offering loans, advice, knowledge, and an array of customized resources to more than 100 developing countries and countries in transition. Established in 1944 and headquartered in...