1 month ago
5 ARTICLE AD
The World Bank has streamlined its method of tracking progress by reducing the number of indicators on its corporate scorecard from 150 to just 22.
This simplified approach, announced by World Bank President Ajay Banga, on Thursday, aimed to sharpen the institution’s focus on critical global development challenges.
The new set of indicators is designed to emphasise output and enhance accountability, aligning the bank’s efforts with its mission to end extreme poverty and sustainably promote shared prosperity.
“It’s much more oriented on output,” he said, according to AFP. “It’s not about reducing our ambition. It’s about sharpening our focus.”
PUNCH Online reports that information on the World Bank Group website highlighted the 22 indicators, reading, “We are embarking on a journey to achieve stronger development outcomes. Our new Scorecard is at the core of this effort and will provide a yardstick to measure how we deliver on our mission to end extreme poverty and boost shared prosperity on a livable planet. The scorecard reinforces our focus on accountability and impact.”
At the heart of the scorecard are results indicators that track the WBG’s progress on some of the most critical global challenges.
Discover how the World Bank has reduced its progress indicators from 150 to 22 under Banga, focusing on critical global challenges like poverty, education, health, and climate sustainability:
1. Beneficiaries of social safety net programmes
2. Students supported with better education
3. People receiving quality health, nutrition, and population services
4. Countries benefitting from strengthened capacity to prevent, detect, and respond to health emergencies
5. Percentage of countries in or at high risk of debt distress that implemented reforms towards debt sustainability
6. Countries with tax revenues-to-GDP ratio at or below 15% (including social security contributions) that have increased collections, considering equity
7. Net greenhouse gas emissions (GHG)
8. Beneficiaries with enhanced resilience to climate risks
9. Hectares of terrestrial and aquatic areas under enhanced conservation/management
10. People provided with water, sanitation, and/or hygiene, and the number provided with safely managed services
11. People with strengthened food and nutrition security
12. People who benefit from improved access to sustainable transport infrastructure and services
13. People provided with access to electricity
14. GW of renewable energy capacity enabled
15. People using broadband internet
16. People using digitally enabled services
17. People benefiting from actions to advance gender equality, and the number benefitting from actions that expand and enable economic opportunities
18. People and businesses using financial services, including the number of women
19. New or better jobs, including number for women and youth (Coming soon)
20. Displaced people and people in host communities provided with services and livelihoods
21. Total private capital enabled (Coming soon)
22. Total private capital mobilised
A post on the bank’s X account on Thursday read, The new #WorldBankGroup Scorecard provides a yardstick to measure how we deliver on our mission to end extreme poverty and boost shared prosperity on a livable planet, helping us be more transparent and accountable to strengthen the impact of our work.”
