world Bank

the World Bank is a unique global partnership that finances development and aid projects to end poverty and promote shared prosperity.

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Our Mission

end extreme poverty

The percentage of people living with less than $1.90 a day to fall to no more than 3 percent globally by 2030.

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Promote shared prosperity

Foster income growth of the bottom 40 percent of the population in every country.

World Bank Annual Report 2016

The Annual Report 2016 focuses on how the World Bank is partnering with countries to end extreme poverty by 2030, promote shared prosperity, and support the global sustainable development agenda.

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

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World Bank Groups

  2014 2015 2016e 2017f 2018f 2019f
East Asia and Pacific, GDPa
6.7 6.5 6.3 6.2 6.1 6.1
(Average including countries with full national accounts and balance of payments data only)b
East Asia and Pacific, GDPb 6.7 6.5 6.3 6.2 6.1 6.1
        GDP per capita (U.S. dollars) 6.0 5.7 5.7 5.5 5.5 5.5
        PPP GDP 6.6 6.4 6.3 6.1 6.1 6.1
    Private consumption 7.9 7.1 6.9 7.0 7.0 7.0
    Public consumption 3.0 6.3 6.1 5.9 5.8 5.8
    Fixed investment 6.7 6.6 6.4 6.2 5.7 5.7
    Exports, GNFSc 5.2 2.6 3.3 4.3 4.8 4.8
    Imports, GNFSc 4.5 2.3 3.9 4.7 5.4 5.4
    Net exports, contribution to growth 0.3 0.2 -0.1 0.0 -0.1 -0.1
Memo items: GDP                                                      
    East Asia excluding China                                             4.7 4.8 4.8 5.0 5.2 5.2
    China 7.3 6.9 6.7 6.5 6.3 6.3
    Indonesia 5.0 4.8 5.1 5.3 5.5 5.5
    Thailand 0.8 2.8 3.1 3.2 3.3 3.4

World Bank by the Numbers

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Results

The Bank has also improved its ability to measure results from its knowledge or institutional development work, and it has adopted standardized metrics across a wide range of sectors to aggregate contributions to development results across countries, and across time.

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September 21, 2016

7th Global Pension and Savings Conference

Insights on how public and private pensions can help to eradicate poverty and boost shared prosperity.

Accountability

The World Bank Group is advancing multiple reforms to promote inclusiveness, innovation, efficiency, effectiveness, and accountability. It is expanding cooperation with the UN, the IMF, other multilateral development banks, donors, civil society, and foundations.

Open Development

The World Bank Group has opened its data, knowledge, and research to foster innovation and increase transparency in development, aid flows, and finances. A variety of tools, programs, and policies facilitates these goals.

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Bert Hofman

Country Director, China, Mongolia and Korea Mr. Bert Hofman is the World Bank's Country Director for China, Mongolia and Korea in the East Asia and Pacific Region, based in Beijing.Mr.

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