20
23
THE WORLD BANK IMPACT REPORT

Sustainable Development
Bonds & Green Bonds

INVESTOR RELATIONS & SUSTAINABLE FINANCE
Capital Markets & Investments Department
The World Bank Treasury
1818 H Street, NW
Washington, DC 20433
USA
E
T
W

debtsecurities@worldbank.org+1 (202) 477-2880
treasury.worldbank.org/capitalmarkets

World Bank Sustainable Development Bonds & Green Bonds: Impact Report 2023
Cover photo credit: Hai Tran/Unsplash
June 2024

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FOREWORD

The World Bank Impact Report 2023

Acknowledgements
This report was prepared by the Investor Relations and Sustainable Finance team in the World Bank Treasury.

INTRODUCTION

The report benefited from consultation with technical experts in World Bank Global Practices, thematic areas andcorporate partners including including: Yousra Mohamed Abdelrahman; Ferzina Vistasp Banaji; Juliana Bedoya
Carmona; Nadja Bleiber; Sandrine Boukerche; Frances Brennan; Marianna Camino; Diego Carrillo; Aissatou Chipkaou;
Gabrielle Clary; Said Dahdah; Nicolas De Leon De Maria; Marie Destailleur; Tam Thi Do; Samuel Fargher; Olga Gavryliuk;
Sohee Gu; Alexandra Humme; Laura A. Ivers; Alona Kazantseva; Macha Kemperman; Sanyu Lutalo; Yodsawadi
Manusmontree; Lisandro Martin; Pilar Roig Minguell; Hannah McDonald Moniz; Andres Moreno Torres; Yogita Mumssen;
Vismay Bharat Parikh; Karen Peffley; Daniela Perovic; Shaela Rahman; Giorgio Saavedra; Devika Saini; Kristyn
Schrader-King; Catherine Sear; Janak Shrestha; Kamal M. Siblini; Ntombie Siwale; Nugroho Sunjoyo; and Rimaz Yousif.

IMPACT

The team also received support from and wish to thank the following task team leaders for providing insight on the
projects featured in this report: Marco Antonio Aguero; Martin Benedikt Albrecht; Mirlan Aldayarov; Cleide De Traquino
Almeida; Saroj Ayush; Safaa Bahije; Luis Blancas; Franka Braun; Caryn Bredenkamp; Ambroise Brenier; Edward
Bresnyan; Melissa Brown; Zhiyu Jerry Chen; Vikas Choudhary; Niccolo Comini; Nobuhiko Daito; Floris Dalemans; Kornel
Drazilov; Olena Doroshenko; Paavo Eliste; Zeina El Khoury; Ferhat Esen; Gregoire F. Gauthier; Raluca Golumbeanu; Nabila
Gourroum; Marianne Grosclaude; Michael Haney; A S Harinath; Neeta Hooda; Djamali Ibrahime; Armine Juergenliemk;

ISSUANCE
PROGRAMS

Jakub Jan Kakietek; Poonam Ahluwalia Khanijo; Silvana Kostenbaum; Mariappa Kullappa; Martha B. Lawrence; Izabela
Leao; Dahlia Lotayef; Aditya Alexander Lukas; Pier Francesco Mantovani; Thierry Michel Rene Martin; Carole Megevand;
Darko Milutin; Somil Nagpal; Koji Nishida; Igor Palandzic; Axel Rifon Perez; Joao Pires; Anne Marie Provo; Veronica Raffo;
Leela Raina; Vonjy Miarintsoa Rakotondramanana; Luz Berania Diaz Rios; Silvia Martinez Romero; Salim Rouhana;
Riddhiman Saha; Javier Morales Sarriera; Liljana Sekerinska; Bandita Sijapati; Alanna L. Simpson; Renzo Sotomayor;
Bora Surmeli; Abdoulaye Sy; Remi Trier; Alika Dibyanta Viarti Tuwo; Svetlana Vukanovic; Anis Wan; Mahwash Wasiq;

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Kristoffer Welsien; Jian Xie; Guangming Yan; and Pablo R. Valdivia Zelaya.

Photo by Curt Carnemark/World Bank

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

List of Abbreviations
AI

Artificial intelligence

IFC

International Finance Corporation

AM

Accountability Mechanism

IFI

International Financial Institution

BRT

Bus rapid transitKmkilometer

CCDR

Country Climate and Development Report

MIGA

Multilateral Investment Guarantee Agency

COD

chemical oxygen demand

MJ

megajoules

CO2

carbon dioxideMWmegawatt

ESG

Environmental, social, and governanceMWhmegawatt-hour

EUR

euro

NGFS

Network for Greening the Financial System

FSB

Financial Stability Board

OECDOrganisation for Economic Cooperation

FY

Fiscal year

GHG

greenhouse gas

GRI

Global Reporting Initiative

GWhgigawatt-hourHahectareIBRDWorld Bank (International Bank forand Development
SDB

Sustainable Development Bond

SDGs

Sustainable Development Goals

SEI

Stockholm Environment Institute

SSA

sovereign, supranational, and agency

TCFD

Task Force on Climate-Related
Financial Disclosures

Reconstruction and Development)
ICMAInternational Capital Market Association

IDA

International Development Association

tCO2eqtons of carbon dioxide equivalent

USD

U.S. dollar

USD eq

U.S. dollar equivalent

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Executive Summary
The World Bank is evolving to meet changing needs as countries
are navigating intertwined crises, tackling global challenges,
and working toward a vision of a world free of poverty on alivable planet.
The World Bank (International Bank for Reconstruction and Development or IBRD) is one of the world’s largest sourcesof funding and knowledge for developing countries. We are implementing a new vision to better support country
priorities while addressing global challenges, and to drive development with speed, scale, and impact.

IMPACT

This is the fifth impact report covering all bonds issued by the IBRD. The impact report is designed with IBRD bondinvestors in mind and illustrates how bond proceeds support the financing of sustainable development projects andprograms in IBRD member countries and contribute to achieving the Sustainable Development Goals (SDGs). It covers
IBRD bonds issued in fiscal year 2023 (FY23), which runs from July 1, 2022, to June 30, 2023.
The World Bank Treasury Investor Relations and Sustainable Finance team prepares the impact report annually,
validation and analysis, research, consultation, drafting of content, and design. We work closely with accounting tovalidate the data set; our results team to collect and validate results metrics; our climate change experts to verify
project-level climate data and metrics such as GHG emissions; and project teams to verify and understand project
results, conversion calculations, and metrics. See below a timeline of how our reporting has evolved over time along withsustainable capital market developments.

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beginning after the World Bank’s annual report is published. The team spends roughly six months on data collection,

Photo by Dikaseva/Unsplash

FOREWORD

The World Bank Impact Report 2023

6

The impact report provides updates on the World Bank’s strategy, key development topics and emerging themes,
perspectives from management, and the latest on enhancements to our reporting alongside highlights of the
Sustainable Development Bond (SDB) issuance program. This includes a summary of annual commitments anddisbursements, and project results for IBRD-financed projects that are contributing to positive social impact alongsideclimate change mitigation and/or adaptation objectives.

INTRODUCTION

Inside the Report
A New Vision and Mission. The World Bank is transforming to meet the global challenges facing member countries. In
2023, the World Bank set a new vision to create a world free of poverty on a livable planet highlighting the importanceof addressing climate change and other global challenges as we partner with countries to overcome poverty. The new
vision and mission are organized across five themes—People, Prosperity, Planet, Infrastructure, and Digital—shaping a
new World Bank playbook with solutions to achieve this ambition and taking steps to increase our financing capacity tomeet development needs.

IMPACT

Management Voices. Anshula Kant, World Bank Group Managing Director and Chief Financial Officer, provides an
update on the World Bank’s evolution to meet the intertwined challenges countries are facing as well as the steps we aretaking to reach our ambition. Jorge Familiar, Vice President and Treasurer, shares how we are leveraging capital markets,
highlighting key transactions and innovations, and engaging investors to support member countries in achieving theirdevelopment goals while advancing sustainable capital markets development.
The Funding Program. This year the funding program totaled $42.2 billion in issuance in 20 currencies. In addition to
ISSUANCE
PROGRAMS

providing a quantitative summary of the issuance program (issuance volumes, maturity, currency), we also provide
a narrative overview of the funding program. This includes program goals and a recap of our funding strategy, a look
into annual funding volumes and liquidity, and other updates such as the types of debt products that make up theissuance program.
Enhancements. Based on feedback from investors and other stakeholders, we have made a few enhancements to thereport this year. First, we have begun using Social Bond project categories in addition to World Bank sectors to present

SUSTAINABLE
DEVELOPMENT GOALS

portfolio-level commitments and disbursements and in project-level reporting using an automated process that will
evolve over time. In addition to the categories listed in the Social Bond Principles, we also include a category called
Governance to describe projects that support World Bank client countries to build capable, efficient, open, inclusive, andaccountable institutions aligned with our sustainable development mission. Second, we have included the green bondshare in the SDB dataset in project-level reporting to help with disaggregation. Third, we reincluded the cumulative
results of closed green bond projects since the inception of the World Bank Green Bond program in 2008 and added
projected results of green bond projects in the implementation phase. Finally, we include a list of all bonds issued in FY23
and information on our methodology for sector/project category mapping and SDG mapping of projects in the Resources
section of the report.
The Dataset. The SDB project dataset1 in this report includes 690 IBRD-financed projects that had a new loan
RESOURCES

commitment or a disbursement in FY23; this includes 55 green bond projects. We add projects to the green bondproject portfolio only after IBRD begins disbursing funds. IBRD pools all bond proceeds in one pool. After disbursement
requests are made by member countries, we allocate the disbursements from this pool to either the SDB program or
the green bond program depending on whether the projects are SDB projects or green bond projects. Most projects
will have both social and green components. Disbursements for projects can be allocated partially to the green bondprogram (supporting the green component) and partially to the SDB program (supporting the sustainable development

EXTERNAL
REVIEW

component), based on the share of climate co-benefits assigned to the project. This means that some IBRD-funded
1

The dataset includes projects with disbursements or new commitments during FY23. Once IBRD has ceased disbursing funds to a project, it is excluded from the dataset but
may still have outstanding loans. “Green bond projects” (or “green bond project portfolio”) and “SDB projects” (or “SDB project portfolio”), refer to IBRD-funded projects, thefinancing of which, is supported by green bonds or SDBs respectively, and references to projects “included in” or “contained in” green bond or SDB programs must be interpreted
accordingly. The net proceeds of the bonds described herein are not committed or earmarked for lending to or financing of any particular projects or programs. Payments on thebonds described herein are not funded by any project or program.

FOREWORD

The World Bank Impact Report 2023

7

projects will therefore be part of both the green bond project portfolio and the SDB project portfolio. Project-level
reporting, which is exclusively available on the World Bank website due to the size and comprehensiveness of thedataset, allows for disaggregation of green bond projects from SDB projects.
Portfolio-level Results. We present two sets of aggregated results for the SDB project portfolio. (1) the projected
results of new projects approved in FY23, and (2) actual results achieved by active projects during the fiscal year. We

INTRODUCTION

aggregate results based on project/operation-level corporate reporting indicators in the World Bank Group’s Corporate
Scorecard.2 For the green bond project portfolio, we present projected results of active green bond projects and thecumulative achieved results of closed green bond projects as of June 30, 2023. These indicators reflect results reported
by countries implementing IBRD-supported operations in the fiscal year. Some figures are ex-ante estimates such as
net GHG emission reduction and energy/fuel savings rather than actual results. It is also important to note that this setof aggregated results represents a fraction of results of IBRD-supported operations, representing those which we canaggregate using the indicators presented in the scorecard. Additional project results are in the Project-level Reporting
section of the report. Aggregated portfolio level results for the SDB project portfolio may also include some results of

IMPACT

green bond projects.
Project-level Results. We publish detailed reporting at the project-level on the World Bank website. Investors candownload the tables in PDF format or request the Excel spreadsheets through a link on our website. We use theHarmonised Framework for Impact Reporting to present project-level data. This framework has continued to evolve
since the World Bank convened other multilateral development banks (MDB) to develop and publish the original version
in 2015. In this section we provide project descriptions, links to project documentation, commitment and disbursement
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figures, percentage of climate finance or “climate co-benefits” for projects approved from FY11 onward, project results,
and SDG mapping.
Featured Projects. This year we highlight projects that exemplify how we are supporting countries to address key global
challenges—such as biodiversity and nature, climate adaptation and mitigation, enabling digitalization, energy access,food and nutrition security, fragility and conflict, health emergency prevention and preparedness, and water security
and access. We feature projects across the SDB and green bond project portfolios.

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Other Resources. The impact report is an integral part of the World Bank’s evolving suite of sustainability and results
reporting. The Resources section of the report provides additional information about our approach to impact reporting,and an explanation of the alignment of the World Bank’s Green Bond and SDB frameworks to the Green Bond Principles
and Sustainability Bond Guidelines published by the International Capital Market Association (ICMA). We also describe
and link to additional World Bank results and core sustainability reporting to provide additional context for investors
and other stakeholders, such as the Global Reporting Initiative (GRI), the Sustainability Review, and the World Bank’s
Climate-Related Financial Disclosures aligned with the TCFD recommendations. Finally, we list the key groups that holdthe World Bank accountable to its clients and shareholders.
External Review. For the second year, the report includes a post-issuance external review of the commitments anddisbursements of IBRD-financed loans made possible by bond issuance. Management’s attestation and the related
RESOURCES

schedule of commitments and disbursements along with the conclusions of the external review can be found at the endof the report.
Notes. Dollar ($) figures in this document are U.S. dollar equivalent values unless otherwise specified.

EXTERNAL
REVIEW2

FY23 is the last year of reporting using the current World Bank Group Corporate Scorecard, which presents results for the World Bank (IBRD and the International Development
Association (IDA) results presented together), International Finance Corporation (IFC), and MIGA. The results in this report are a subset of those presented in the Corporate
Scorecards as they include results of IBRD-financed operations including “blend” projects. Some countries that are IDA-eligible based on per capita income levels are also
creditworthy for some IBRD borrowing. They are referred to as “blend” countries. As part of its evolution, the World Bank Group is developing a new scorecard and associatedmetrics to monitor results aligned with the World Bank Group’s new vision and mission. The new World Bank Group Corporate Scorecard will span FY24-30, with 2024 serving
as an initial transitional year, and concluding in the final reporting year of the SDGs.

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FOREWORD

The World Bank Impact Report 2023

Impact Reporting Journey
The World Bank Treasury Investor Relations team started this journey with IBRD’s first green bond in 2008. And you cansee in the timeline below that sustainable capital markets have evolved tremendously since then with new initiatives,

INTRODUCTION

products, and guidance. Initially, we provided individual project stories and newsletters, complemented by the WorldBank project database to report on impact to investors before guidance for impact reporting existed in the market. In
March 2015, the World Bank, with the African Development Bank (AfDB), the European Investment Bank (EIB), and theInternational Finance Corporation (IFC), developed the first Harmonised Framework for Impact Reporting, which outlinedcore principles and recommendations, core indicators, and reporting templates for energy efficiency and renewableenergy projects. Later in 2015, we published the World Bank Green Bond Impact Report using this guidance. Today, ICMA
coordinates and maintains the Harmonised Framework for Impact Reporting, for green bonds and social bonds.
We expanded impact reporting to cover Sustainable Development Bonds in 2020, thereby reporting on all IBRD bond

IMPACTissuance. In 2021, we merged reporting into a single impact report and developed a methodology for mapping WorldBank projects to the SDGs in collaboration with the Stockholm Environment Institute that we published in 2022. Today,
we are using AI tools such as machine learning and natural language processing models to cull relevant information from
IBRD’s large project dataset for mapping to the SDGs and market sectors and expanding our use of machine learning togather richer information, automate manual processes, and aid harmonization.

RESOURCESSUSTAINABLE
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2009
2008
World Bank
issues firstlabeled “greenbond” formainstream
institutional
investors

1st World Bank
green bond investor
newsletter

2015
NIKKO AssetManagementWorld BankGreen Bond Fundlaunched
World Bank
begins reporting
climate-relatedrisks through
Carbon Disclosure
Project

1st World BankGreen Bond
Impact Report

2013
World Bank hosts
Green Bond
Symposium toharmonize guidanceon green bondprocess and impact
reporting

2014
World Bank
convenes IFI
working groupon impact
reportingharmonization
with AfDB, EIB
and IFC

EXTERNAL
REVIEW

2017

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

2018
World Bank
advises 1st Green
Sukuk and 1st
Sovereign Green
Bond from
Emerging Markets$500 billion of
cumulative green
bond issuance

2019
World Bank
Sustainable
Development
Bonds
displayedon theLuxembourg
Green
Exchange2023
World Bank
includes external
review ofallocation in
impact report2024
World Bank
publishes 5th
impact reportmapping
projects tosocial bondproject
categories

World Bank
publishes
Climate-Related
Financial
Disclosuresaligned with TCFD
recommendations$5 trillion of
cumulative
sustainablebond issuance

2020

2021

2022

World Bank
publishes combined
Impact Report forGreen and
Sustainable
Development Bonds
and introduces SDG
mapping for newly
approved projects

World Bank
publishes SDG
mapping
methodology
and expands
SDG mappingof projects toentire portfolioof 600+projects

1st World Bank
Sustainable
Development Bond
Impact Report$1 trillion in
annual sustainablebond issuance(green, social,sustainability, andsustainabilitylinked bonds)

World Bank
issues Wildlife
Conservation
Bond—a first of
its kindoutcome bond
$3 trillion of
cumulative sustainablebond issuanceFOREWORD

The World Bank Impact Report 2023

10

Table of Contents
Foreword...................................................................................................................................................................................................... 11

INTRODUCTION

A Message from the Managing Director and World Bank Group Chief Financial Officer..............................................................12
A Message from the Vice President and Treasurer..................................................................................................................................14

Introduction............................................................................................................................................................................................. 16
FY23 Snapshot.................................................................................................................................................................................................. 17
About the World Bank.....................................................................................................................................................................................18

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Addressing Global Challenges.......................................................................................................................................................................20

Impact........................................................................................................................................................................................................... 21
Sustainable Development Bonds | Achieved Results.............................................................................................................................. 22
Sustainable Development Bonds | Projected Results............................................................................................................................. 24
Green Bonds | Achieved Results................................................................................................................................................................... 26
Green Bonds | Projected Results..................................................................................................................................................................28

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Featured Projects.............................................................................................................................................................................................30
Project-Level Reporting.................................................................................................................................................................................. 45

Issuance Programs...........................................................................................................................................................................46
Funding Overview............................................................................................................................................................................................. 47
Issuance Highlights..........................................................................................................................................................................................48

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Sustainable Development Bonds | Commitments & Disbursements................................................................................................. 49
Green Bonds | Commitments & Disbursements...................................................................................................................................... 52

Sustainable Development Goals: Impact & Engagement.............................................................................54
Thematic Engagements with Investors..................................................................................................................................................... 55

Resources................................................................................................................................................................................................. 58
Bonds Issued in the Fiscal Year.....................................................................................................................................................................59
Impact Reporting Approach..........................................................................................................................................................................66
Alignment with Market Standards............................................................................................................................................................. 70

EXTERNAL
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Accountability Mechanisms.......................................................................................................................................................................... 76

External Review................................................................................................................................................................................... 78

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Foreword

Photo by Raul Llopis Martin/iStockINTRODUCTIONFOREWORD

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A Message from the Managing
Director and World Bank
Group Chief Financial Officer
The shocks of the last few years have been devastating for the world’s most vulnerable people and the income gap
between the world’s wealthiest and poorest countries is widening for the first time in a century.3 Given this backdrop, it
is not surprising that as a global community, we are behind in achieving the SDGs. There is greater urgency, now morethan ever, to overhaul our efforts and strive for effective change and lasting impact.
No single institution can do this alone. Countries, development partners, the private sector, and civil society must work

IMPACT

shoulder to shoulder. The World Bank has a central role to play.
In October 2023, the World Bank set a new vision and mission to create a world free of poverty on a livable planet—
formalizing the mandate to both fight poverty and explicitly address climate change and other global challenges, leading
the way among multilateral development finance institutions.
We are streamlining our approach in many ways, including reducing project preparation time and simplifying rules and
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PROGRAMS

processes. We have introduced a new scorecard centered on outcomes and evidence, ensuring we focus less on lending
volumes and more on the number of girls in school, how many jobs are created, tons of CO2 emissions avoided, and theamount of private sector dollars mobilized.
We have increased our financial capacity to meet development needs. We have adjusted our equity-to-loan ratio to

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3

Chrimes, T., Gootjes, B., Kose, A., Wheeler, C., 2024, The Great Reversal: Prospects, Risks, and Policies in International Development Association Countries, World Bank.

“…the World Bank set a new vision and mission
to create a world free of poverty on a livable
planet—formalizing the mandate to bothfight poverty and explicitly address climatechange and other global challenges, leading
the way among multilateral development
finance institutions.”

Photo by John Hogg/World BankFOREWORD

The World Bank Impact Report 2023

13

secure up to $40 billion in additional lending commitments over 10 years from IBRD’s balance sheet while preserving
our triple-A credit rating, which is essential to provide low-cost lending to member countries. We have also doubled thebilateral guarantee limit to $20 billion.
Our efforts to increase capacity and make World Bank funding more efficient include introducing a shareholder hybrid
capital instrument and the Portfolio Guarantee Platform. At our Spring Meetings earlier this year, the first group of 11

INTRODUCTION

countries committed a total of $11 billion to these instruments, which when using the World Bank’s unique leveraging
ability, have the potential to expand financial capacity by up to $70 billion over 10 years. We have extended thematurity of IBRD loans up to 50 years and put in place a system to reduce interest rates for projects that address global
challenges, which will be supported by the Livable Planet Fund.
Importantly, we are refocusing the World Bank as a knowledge hub. To do this, we are bringing the expertise of WorldBank Group staff and their knowledge to the forefront of our country-driven model. This knowledge remains central toCountry Partnership Frameworks, where we partner with governments to craft a focused development plan that merges

IMPACT

countries’ ambitions with World Bank expertise.
The progress and reforms I have outlined are part of an ongoing journey to become a better, bigger, and more effective
World Bank. We are pleased to showcase in this report the significant impact the World Bank is having and what we aim
to achieve. Investors’ contribution to the World Bank’s sustainable development mission through investment in IBRD
bonds remains critical to supporting these efforts and closing the gap in achieving the SDGs.

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Anshula Kant, Managing Director and World Bank Group Chief Financial Officer

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14

A Message from theVice President and Treasurer
As the world reels from diverse, yet interconnected crises and economic uncertainty, the World Bank is steadfast in its
support for member countries through long-term, on-the-ground engagements that deliver technical assistance, lowcost financing, and risk management in line with our mission to end poverty and boost shared prosperity on a livable
planet. The World Bank’s bond issuance platform and engagement with investors on the sustainability and impact ofWorld Bank projects and programs are at the heart of these efforts.
This is IBRD’s fifth impact report covering all bonds. We are pleased to deliver a comprehensive reporting of the bonds wehave issued, the allocation of bond proceeds, and the impact of the 690 projects that our financing supports in member

IMPACT

countries toward Paris Alignment and achieving the SDGs. In FY23, 93 percent of IBRD projects had a climate financing
component, contributing to the reduction of 6.4 million tCO2eq net GHG emissions annually, and active projects areproviding 4 million people with new or improved electricity service and almost 68 million people with safety net programs,
among other impressive positive impact. For a second year, we have included the results of an independent external
review of the allocation of bond proceeds in the impact report to enhance transparency.

pioneer in the labeled bond market, we have striven to improve reporting each year based on feedback from investors
and other counterparts, while we follow changes in sustainable capital markets and shifting reporting dynamics. We
continue to invest time and resources to improve reporting and serve as a model for transparency and disclosure.

“…the World Bank is steadfast in
its support for member countries
through long-term, on-the-groundengagements that deliver technicalassistance, low-cost financing, andrisk management in line with our
mission to end poverty and boost
shared prosperity on a livable planet.”

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Since we published the first impact report covering all IBRD bond issuance at the height of the pandemic, and as a

Photo by Curt Carnemark/World BankFOREWORD

The World Bank Impact Report 2023

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We are also working hard to improve efficiency and continue to provide financial innovation. We have introduced new
products, like hybrid capital, to increase the World Bank’s financial capacity. We continue to innovate with outcome
bonds which provide investors with the opportunity to support specific development projects and outcomes with greaterrisk-sharing. We are engaging with credit rating agencies, banks, development partners, and investors to bring new
financial tools to the market that not only scale up the amount of financing we can offer, but also to manage risk.

INTRODUCTION

Since 2009, we have been helping member countries build financial resilience and enhance their response to natural
disasters with transactions that transfer catastrophe risk to the financial markets. In FY23, we executed thesingle largest country catastrophe bond and swap transaction to provide Chile $630 million in financial protection
against earthquakes.
Developing countries are caught in the crosshairs of climate change. World Bank financing and continued innovation are
essential to support climate action and transition. So, we have increased our climate finance target to devote 45 percent
of FY25 annual financing for IBRD and IDA to climate-related projects, split equally between mitigation and adaptation,

IMPACT

attacking methane emissions, and helping scale high-integrity carbon markets on forestry.
Our efforts are not just about financing and efficiency; we are realigning our activities and setting a model for MDB
engagement. These efforts are ultimately about providing essential support to countries to reduce carbon emissions
and build resilience while supporting inclusive and sustainable economic growth and poverty reduction that is alignedwith our countries’ Paris Alignment trajectories. Collaboration with investors and other capital market and development

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partnerships are at the core of our business, all in pursuit of our collective success.

Jorge Familiar, Vice President and Treasurer

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Introduction

Photo by Avel Chuklanov/Unsplash

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

FY23 Snapshot
A SELECTION OF RESULTS ACHIEVED BY PROJECTS IN FY23 4

690

projects supported by IBRD financing

93%

of projects with dedicated climate
components5 equivalent to 42% of
IBRD commitments6-6.4 million

SUSTAINABLE
DEVELOPMENT GOALS

11.1 million

people provided with essential health,nutrition, and population services

4.3 million$42.2 billion$38.6 billion$266.8 billion$25.5 billion

in bonds issued

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people covered by social safety
net programs

tCO2eq net GHG emissions annually7

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EXTERNAL
REVIEW

67.9 million

in bonds outstanding

people with access to improved
water sourcesin new lending committed9in funds disbursed

4

In FY23, Sustainable Development Bonds supported the financing of a portfolio of 690 IBRD projects that had a new commitment and/or a disbursement during the fiscal year.
The majority of results highlights are a subset of the Achieved Results presented in the Impact section of this report, which include selected outcomes and outputs of IBRDsupported activities achieved by client countries during the fiscal year using World Bank Corporate Scorecard Tier 2 indicators.

5

Dedicated climate components include what the World Bank calls “climate co-benefits.” The calculation for climate co-benefits is based on the joint Multilateral Development
Bank methodologies for tracking climate finance in adaptation and mitigation (published in the annual Joint Report on Multilateral Development Banks’ Climate Finance).
For more information please see: https://www.worldbank.org/en/news/feature/2021/03/10/what-you-need-to-know-about-climate-co-benefits. These figures refer to newcommitments made in FY23.

6World Bank FY23 Climate-Related Financial Disclosures: https://thedocs.worldbank.org/en/doc/23a63a4bde452fe676c0843ab879405a-0340022023/original/World-BankFY23-Climate-Related-Financial-Disclosure.pdf

7

The indicator refers to ex-ante annual net GHG emissions at the portfolio level, calculated as the sum of annual net emissions for projects approved during FY23. It applies to
IBRD operations where agreed GHG accounting methodologies exist and is based on ex-ante estimation performed during project preparation.

8

Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the bonds
described herein are not funded by any project or program.

9

New lending committed refers to commitments made by IBRD in FY23 net of cancellations and terminations.

FOREWORD

The World Bank Impact Report 2023

18

About the World BankAn Evolving World BankThe International Bank for Reconstruction and Development (IBRD) was established in 1944 and is the original

INTRODUCTION

member of the World Bank Group.10 IBRD is an international organization and global development institution owned by
189 member countries. As the largest development bank in the world, it supports the mission of the World Bank Groupby providing loans, guarantees, risk management products, and advisory services to middle-income and creditworthy
low-income countries. This report focuses on IBRD bond issuance, projects, and results.
As the leading development financier for more than 75 years, the World Bank has made major contributions to poverty
reduction and economic development around the world. However, the world is facing a set of intertwined challenges—
including a climate crisis, debt, food insecurity, pandemics, and fragility—and a need to accelerate access to clean air,

IMPACT

water, and energy. We cannot tackle poverty without evolving to become a better and bigger bank.
The World Bank’s ambitious new vision and mission—to create a world free of poverty on a livable planet—
acknowledges this confluence of challenges and positions us to help families put food on the table, send their children
to decent schools, and enjoy the dignity of work. Our focus is on addressing global challenges, and driving developmentwith speed, scale, and impact.

ISSUANCE
PROGRAMS

Speed, Scale, and Impact. We are building a faster, more agile World Bank, improving our operational effectiveness andefficiency. Our goal is to reduce project approval times by one-third before the end of 2024, and we already have madegreat progress. We have launched new financing tools that include the Portfolio Guarantee Platform, hybrid capital
instruments, and the new Livable Planet Fund to boost lending capacity and enable the World Bank to take on more risk
to help address shared global challenges. We are strengthening our collaboration with multilateral development groups
and other partners to deepen and amplify our ability to make change.
The private sector is essential. Investors such as pension funds, insurance companies, banks, asset managers, and
SUSTAINABLE
DEVELOPMENT GOALS

central banks and official institutions play an immeasurable role by investing in World Bank bonds to support lending tomember countries for sustainable development programs.
Knowledge is key, so we are refocusing on the World Bank as a knowledge bank, providing clients with rapid access topolicy advice and expertise. We have also launched the Private Sector Investment Lab to identify barriers and potential
solutions to private investment in emerging markets. And we are bringing greater transparency to risk data through the
Global Emerging Markets Risk Database (GEMs).11
It is all underpinned by accountability and focus. Our new Corporate Scorecard is pointed toward outcomes and evidence
and will provide a clear picture of progress on all aspects of our vision and mission. We will begin reporting on a subset of

RESOURCES

new outcome-oriented metrics in June 2024 and roll out the complete scorecard in October 2024.

Accelerating Climate Action
Accelerating and integrating climate action and development is central to the World Bank’s new playbook. The WorldBank Group’s Climate Change Action Plan 2021-2025 lays out its strategy to increase climate finance to reduce
emissions, strengthen climate change adaptation, and align financial flows with the goals of the Paris Agreement.
We are committing to transformative public and private investments in five key systems—energy; agriculture, food,

EXTERNAL
REVIEW

water, and land; cities; transport; and manufacturing—that generate 90 percent of GHG emissions and face significant
adaptation challenges.
10 International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment
Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID)
11

https://www.gemsriskdatabase.org/

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FOREWORD

The World Bank Impact Report 2023

The Action Plan committed the World Bank Group to reach an average of 35 percent of its annual financing for climaterelated projects by 2025. For IBRD and IDA, half of this was to be dedicated to adaptation. The World Bank Group ispushing to do more to battle climate change and do it faster. In December 2023, we announced a new commitment todevote 45 percent of IBRD and IDA annual financing to climate-related projects for the fiscal year that runs from July
1, 2024, to June 30, 2025.

INTRODUCTION

The World Bank is also integrating nature into climate action, and the Action Plan recognizes that a combined approachthat addresses both climate and nature risks is needed. We are stepping up investments in nature-based solutions
and integrated management of ecosystems, and supporting development of wealth accounting, economy-ecosystemclimate modelling, and efforts to bridge the biodiversity financing gap. The World Bank is piloting a methodology tosystematically identify, monitor, and track nature-positive IBRD- and IDA-financed investments and our contributions
to the implementation of the Kunming-Montreal Global Biodiversity Framework in a way that is tailored to thedevelopment context. The adoption of the new World Bank Group Corporate Scorecard will help better track the impact

IMPACTof this financing on nature.

Paris Alignment
The World Bank began aligning 100 percent of new operations, starting from July 1, 2023 to the goals of theParis Agreement.

ISSUANCE
PROGRAMS

Paris Alignment means that World Bank Group financial support for any country, public or private entity, as
applicable, will be consistent with the objectives of the Paris Agreement and a country’s pathway toward low GHG
emissions and climate-resilient development. Paris Alignment is assessed in the broader context of the WorldBank Group’s mission and vision, equity concerns, and the principle of common but differentiated responsibilities
and respective capabilities, considering countries’ different national circumstances.
The World Bank Group’s Paris Alignment process entails an integrated vetting approach—screening, managing,
and reducing climate risks for both mitigation and adaptation—for every project, using publicly disclosed

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALS

Instrument Methods (World Bank) and Sector Notes in line with the MDB Paris Alignment Approach.

Photo by Chun han/iStock

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FOREWORD

The World Bank Impact Report 2023

Addressing Global Challenges
The World Bank has identified several key global challenges to focus on in the next few years. These challenges are

INTRODUCTION

unique as they affect many countries and have cross-border implications. The costs of addressing them are high andborne by individual countries, while the benefits are often shared across borders, putting them at risk of being underaddressed. Addressing the following challenges will be key to advancing the World Bank’s new vision and mission:
The World Bank selected these eight areas considering the need to prioritize global public goods; address the mostpressing needs facing many countries at once (often because of global factors); and the World Bank’s comparativeadvantage to provide support. While these are not the only challenges affecting many countries, without addressing
them, sustained progress on poverty, shared prosperity, and a livable planet will not be possible. The list will be reviewed

IMPACTand will evolve over time, as circumstances change.

RESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

Biodiversity
and Nature
Climate Change
Adaptation and
Mitigation

Water
Security andAccessHealth Emergency
Prevention andPreparedness

Enabling
Digitalization

Fragility andConflict

EnergyAccessFood andNutrition
Security

The Impact section provides examples of projects that are contributing to solutions in each of these eight areas with

EXTERNAL
REVIEW

examples provided from both the SDB and green bond project portfolios.

SECTION

3

ImpactPhoto by Charlotte Kesl/World Bank

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The World Bank Impact Report 2023

Sustainable
Development Bonds

INTRODUCTION

ACHIEVED RESULTSIn FY23, the proceeds from Sustainable Development Bonds contributed to $25.5 billion
in disbursements12 to projects helping member countries make progress toward national
priorities and the SDGs. Below is a selection of actual results reported for projects in FY23:13

Sustainable & Inclusive Growth
IMPACT

6.7 million people

4.9 million students ith enhanced access towtransportation services

 ith direct interventions tow
enhance learning

1.1 MW

8.9 million beneficiaries

ISSUANCE
PROGRAMS

 f generation capacity of energyoconstructed or rehabilitated

4 million people

SUSTAINABLE
DEVELOPMENT GOALS

with new/improved
electricity serviceof job-focused interventions14

Of which:• 800,329 beneficiaries offinancial services15

101,513 people ith new/enhanced access tow
broadband internet• 631,791 farmers accessing
agricultural assets/services• 5.2 million teachers recruited/trained• 731,570 beneficiaries of job-focusedinterventions

EXTERNAL
REVIEWRESOURCES• 913,982 students benefiting from directinterventions to enhance learning16• 544,482 people benefiting from labormarket programs

12

The IBRD Sustainable Development Bond project portfolio comprises 690 projects including those that closed during FY23.

13

These results include outputs and outcomes of IBRD–supported activities. Results are reported for active IBRD and blend operations and those that closed within the reporting
period. Some countries that are IDA-eligible based on per capita income levels are also creditworthy for some IBRD borrowing. They are referred to as “blend” countries. The
results reported are those achieved by client countries, with support from the World Bank, during the fiscal year except for net GHG emissions which is based on ex-anteestimates rather than actual results. These results represent a subset of results and are dynamic from year to year. Annual data may fluctuate significantly due to the size
or number of projects reporting data during a given fiscal year. These results are mainly drawn from Corporate Results Indicators (CRIs), which are sector outcome or output
indicators that can be measured and monitored at the project level and aggregated across operations and countries. CRIs are integrated in the results frameworks of individual
operations. CRIs can be supplemented by customized, project-specific results indicators. More information on the definition of each indicator can be found at https://scorecard.
worldbank.org/.

14

This indicator is a composite indicator consisting of six CRIs, including one with the same indicator name that captures the number of beneficiaries of a broad range of jobfocused interventions.

15

Indicates financial services specifically focused on job creation, job quality, and youth employment.

16 These results are for technical and vocational education and training, and tertiary learning only.

23

The World Bank Impact Report 2023

INTRODUCTIONFOREWORD

2 million people and141,423 businesses

benefiting from financial services17

273,138 ha ith new/improved irrigation orw
drainage services

487,502 farmers

 dopting improved agriculturalatechnology

Human Capital

67.9 million people
IMPACTc overed by social safety
net programs

11.1 million people
ISSUANCE
PROGRAMS

with essential health, nutrition,and population services

10.7 million people

with improved sanitation services

3.4 million people ith improved urbanwliving conditions

4.3 million people

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALS ith access to improvedwwater sources

17

These results are also included in the results reported for the composite indicator, “beneficiaries of job-focused interventions.”

24

FOREWORD

The World Bank Impact Report 2023

Sustainable
Development Bonds

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTION

PROJECTED RESULTSIn FY23, IBRD made $38.6 billion in new commitments across 123 operations to help
World Bank member countries make progress toward national priorities and the SDGs.
Below is a selection of estimated results18 these projects are expected to deliver over the
project lifecycle:

Sustainable & Inclusive Growth

34 million people
with new/improved
electricity service

3,350 MW f generation capacity of energyoconstructed or rehabilitated

5.1 million people ith new/enhanced access tow
broadband internet

420,000 people ith enhanced access towtransportation services

116,500 farmers
adopting improved
agricultural technology

190,100 beneficiaries
of job-focused interventions

Of which:• 30,000 beneficiaries reached withfinancial services
19• 77,500 farmers accessing agricultural
assets/services• 72,300 people accessing job
opportunities• 10,300 teachers recruited/trained

18 The expected results, presented above, have been aggregated using a set of World Bank Corporate Results Indicators in the World Bank Group Corporate Scorecards andtherefore represent a subset of expected results from new operations approved in FY23. These results include outputs and outcomes of IBRD-supported activities. Results
are reported for IBRD and Blend operations approved in FY23. Some countries that are IDA-eligible based on per capita income levels are also creditworthy for some IBRD
borrowing. They are referred to as “blend” countries. These results are drawn from Corporate Results Indicators (CRIs), which are sector outcome or output indicators that canbe measured and monitored at the project level and aggregated across operations and countries. More results from these projects are available on the impact report website.
19 These are financial services specifically focused on job creation, job quality, and youth employment. Beneficiaries include both individuals and businesses.

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The World Bank Impact Report 2023

FOREWORD

30,000 people and86,000 businesses
Human Capital

6.3 million people

3.2 million people

853,200 people

39.7 million people

with social safety net programswith essential health, nutrition, andpopulation services

IMPACT

INTRODUCTION

benefitting from financial services20

with improved sanitation services

 ith access to improvedwwater sources ith direct interventions tow
enhance learning

Resilience

27 billion MJ

of energy or fuel use saved

SUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

5 million students-6.4 million tCO eq
2

EXTERNAL
REVIEWRESOURCES

net GHG emissions annually21

20 These results are also included in the results reported for the composite indicator, “beneficiaries of job-focused interventions.”
21

The indicator refers to ex-ante annual net GHG emissions at the portfolio level, calculated as the sum of annual net emissions for projects approved during FY23. It applies tooperations where agreed GHG accounting methodologies exist and is based on ex-ante estimation performed during project preparation.

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Green Bonds
ACHIEVED RESULTS
Since 2008, the proceeds from World Bank Green Bonds22 contributed to $16.3 billion in
disbursements to projects helping member countries pursue a transition to low-carbon
and climate resilient development and growth. Below is a selection of the cumulative
results reported for green bond projects that closed on or before June 30, 2023:

27.3 million tCO eq
2

ISSUANCE
PROGRAMSIMPACT HG emissions avoided/G
reduced annually

27.5 million people
benefitted fromgreen bond projects23

Renewable Energy and Energy Efficiency

9.2 billion MWhannual energy savingsof renewable energy capacity added

Clean Transportation

202 km f rail tracks/BRT/public transport/opedestrian walkways constructed/
rehabilitated

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALS

4,876 MW22 The World Bank Green Bond project portfolio comprises 139 projects, including projects that have closed, and two that were cancelled. The green bond project results presented
above are selected cumulative results of closed projects with an Implementation Completion Report available during the reporting period (as of March 2024). The results do
not represent all countries or regions where the World Bank supports the financing of projects and should not be considered a comprehensive accounting of results. Additional
project results are presented in the Project-level Reporting which can be downloaded in PDF or requested in Excel directly on the website’s impact reporting. The full set ofproject results can be found at http://projects.worldbank.org.
23 This is an aggregate of beneficiaries across sectors for closed projects in the green bond project portfolio. In each project, if there are multiple interventions and their respective
beneficiaries, only the highest count of beneficiary is accounted for to avoid double counting. More detailed intervention specific beneficiaries at the project level are available in
the green bond tables on the World Bank Impact Report website.

FOREWORD

The World Bank Impact Report 2023

Water and Wastewater Management

44 million m

3

INTRODUCTION

of annual water savings

23 million m

3of wastewater treated, reused,or avoided annually

IMPACT

Solid Waste Management

3.3 million tons

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

of waste prevented, minimized,
reused or recycled annually

Living Natural Resources and Land Use

7.8 million haof area under sustainable
management practices

27

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Green Bonds
PROJECTED RESULTSIn FY23, the proceeds from World Bank Green Bonds24 contributed to $955 million in
disbursements to projects helping member countries pursue a transition to low-carbon
and climate resilient development and growth. Below is a selection of projected results
reported for active green bond projects as of June 30, 2023:

21.4 million tCO eq
2

IMPACT

GHG emissions avoided/reduced annually

62.8 million people

benefitting from green bond projects25

ISSUANCE
PROGRAMS

Renewable Energy and Energy Efficiency

4.7 million MWhannual energy savings

4,244 MW

Clean Transportation

75 km

 f rail tracks/BRT/public transport/opedestrian walkways constructed/
rehabilitated

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALS

of renewable energy capacity added

24 The current World Bank Green Bond project portfolio comprises 139 projects, including projects that have closed, and two that were cancelled. The green bond project resultspresented above are selected cumulative results of closed projects with an Implementation Completion Report available during the reporting period (as of March 2024). The
results do not represent all countries or regions where the World Bank supports the financing of projects and should not be considered a comprehensive accounting of results.
Additional project results are presented in the Project-level Reporting which can be downloaded in PDF or requested in Excel directly on the website’s impact reporting. The fullset of project results can be found at http://projects.worldbank.org.
25 This is an aggregate of beneficiaries across sectors for active projects in the green bond project portfolio. In each project, if there are multiple interventions and their respective
beneficiaries, only the highest count of beneficiary is accounted for to avoid double counting. More detailed, intervention-specific beneficiaries at the project level are available in
the green bond tables on the World Bank Impact Report website.

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FOREWORD

The World Bank Impact Report 2023

Water and Wastewater Management

17 million m

3

INTRODUCTION

of annual water savings

12 million m

3of wastewater treated, reused, or
avoided annually

12,440 tons or m

3

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACTof raw/untreated sewage sludge
treated & disposed ofSolid Waste Management

2.2 million tonsof waste prevented, minimized,
reused or recycled annually

Living Natural Resources and Land Use

22.6 million haof area under sustainable
management practices

30

ISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Featured Projects

Biodiversity & Nature

Photo by I Zhang/Unsplash

China
P164047

Forest Ecosystem Improvement in the Upper Reaches of
Yangtze River Basin Program

Sichuan Province is a global biodiversity hotspot covering half the upstream area of the Yangtze River including criticalforestlands. The most significant of China’s forestry programs is the Large-Scale Greening Sichuan Program (LSGS),
which aims to improve the natural ecosystem by afforestation and other landscape restoration interventions. ThisSUSTAINABLE
DEVELOPMENT GOALS

project is embedded in the LSGS and seeks to improve the quality and effectiveness of selected forestry operations by
establishing the required institutional capacity in project areas, supporting innovative new planting techniques andforest management practices, mainstreaming international and national best practices into provincial operations
improving the sustainability and efficiency of forest financial mechanisms. The project aims to restore forest
ecosystems, improve the delivery of public goods and services, and increase carbon capture.
IBRD Commitment: $150 million
Expected results include:• 784,333 tCO2eq emissions reduced annually• 130,000 ha of mixed-species plantation established through afforestation and restoration of degraded forests

RESOURCES• 100,000 ha of monoculture forests restored using a diversified forest structure• 86 provincial country and forest farms long-term forest management plans developed• Sequestration of 23.52 million tCO2eq over the program’s lifetime
Biodiversity component: 87%
Climate co-benefits: 100%

EXTERNAL
REVIEW

Closing: 2024
Notes: While listed under a single heading these projects are cross-sectoral and could be listed under more than one heading. The projects featured in this section are for illustrative
purposes only. No assurance can be provided that disbursements for projects with these or similar characteristics will be made by the World Bank in the future. Net proceeds of thebonds described herein are not committed or earmarked for lending to or financing of any particular projects or programs. Payments on the bonds described herein are not fundedby any project or program.
The green leaf denotes a project that is in the World Bank Green Bond project portfolio.

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Photo by Alaa Shaheen/Unsplash

Türkiye
IMPACT

P179345

Climate Resilient Forests Project

ISSUANCE
PROGRAMS

Türkiye’s systems to manage wildfires have struggled to cope with the increased scale and intensity of wildfires, which
are being exacerbated by climate change. This heightened risk undermines Türkiye’s climate change mitigation efforts
and endangers the delicate balance of its forests and communities’ stability. The project aims to strengthen institutional
capacity for integrated fire management, increase resilience of forests and people to wildfires in 14 high-risk provinces
that are home to about 20 million people, and respond promptly and effectively in the event of an eligible crisis or
emergency. This project showcases Türkiye’s application of a 5R (Review, Risk Reduction, Readiness, Response and

SUSTAINABLE
DEVELOPMENT GOALS

Recovery) integrated forest management approach for shaping climate resilient forest landscapes..
IBRD commitment: $400 million
Target Population: Rural communities in/around forest lands, particularly those vulnerable to wildfires/climatechange impacts
Expected results include:• 6,800,000 ha of high-risk forest area with increased wildfire resilience• 21,000 vulnerable households benefitting from improved livelihood opportunities• 80,000 km of forest roads maintained for increased forest and wildfire resilience• 2,000 women-led enterprises in forest villages supported financially

RESOURCES• 40,000 ha of land area under sustainable land management practices to increase climate
and wildfire resilience• 6,000,000 people provided increased protection against wildfires
Biodiversity component: 35%
Climate co-benefits: 95%

EXTERNAL
REVIEW

Closing: 2029

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Climate Change Adaptation

Photo by Wahyu Trianto/Unsplash

Indonesia
IMPACT

P178009

Mangroves for Coastal Resilience Project

ISSUANCE
PROGRAMS

Mangroves are the focus of this project because of their importance for livelihoods, biodiversity, and climate mitigation
and adaptation. Indonesia’s mangrove ecosystems are the largest and most productive in the world, accountingfor 22 percent of the total global mangrove area. They also store 3.14 billion tons of CO2eq or the equivalent ofapproximately 2.5 billion passenger vehicles driven for one year. Despite their significant value, mangroves are
threatened by deforestation and unsustainable use. Over the past 30 years, Indonesia lost approximately 800,000
hectares of mangroves. The project is designed to support the government of Indonesia’s ambition to rehabilitate
600,000 hectares of mangroves by 2024. Initially focused on four provinces—East Kalimantan, North Kalimantan,
SUSTAINABLE
DEVELOPMENT GOALS

North Sumatra, and Riau—the integrated conservation, rehabilitation, and livelihood improvement model can be
replicated throughout the country.
IBRD Commitment: $400million
Expected results include:• 9,749 people using sustainable livelihood activities• 2,255,593 tCO2eq emissions reduced annually• 45,000 ha mangrove area rehabilitated and managed• 28,500 people participating in cash-for-work activities

EXTERNAL
REVIEWRESOURCES

Climate co-benefits: 89%
Closing: 2027

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Photo by Mari Potter/Unsplash

MoroccoISSUANCE
PROGRAMSIMPACT

P178763

Morocco Climate Operation: Support to the
Nationally-Determined Contribution

Morocco’s revised Nationally-Determined Contribution (NDC) reflects a commitment to increased climate action,emphasizing adaptation and a 45.5 percent GHG emission reduction by 2030. The NDC deepens and expands theKingdom’s ambitions in terms of adaptation and notably includes new areas: meteorology, sensitive environments(coastline, mountains, and oases), habitat/land-use planning, and health. Building on recommendations in the Country
Climate and Development Report, this project aims to implement a “whole of government” approach by strengthening
Morocco’s institutional capacity to implement its NDC and enhancing climate resilience for vulnerable groups

SUSTAINABLE
DEVELOPMENT GOALS

and ecosystems.
IBRD commitment: $350 million
Target Population: Vulnerable groups
Expected results include:• 1,000,000 farmers and their families with national health insurance coverage• 26,600 ha of vulnerable ecosystems benefiting from climate-resilient land use interventions• 20,000 beneficiaries of small hydraulic infrastructures in the targeted oasis areas• 1,000,000 million people participating in awareness campaigns on climate issues

EXTERNAL
REVIEWRESOURCES• National Green Taxonomy adopted for the financial sector• Green sovereign bond issued in accordance with international standards
Climate co-benefits: 81%
Closing: 2028

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Climate Change Mitigation

Photo by Sergio Moises Panei Pitrau

Argentina

ISSUANCE
PROGRAMSIMPACT

P178067

Buenos Aires—Belgrano Sur Passenger Railway Line
Modernization Project

The Belgrano Sur Line project finances the electrification of the railway line, while also working on rail yard upgrades andtrack renovations. The shift from diesel fueled trains to electric trains is expected to result in an estimated reductionof GHG emissions of 758,000 tons of CO2 eq. In addition to the project’s environmental benefits, it also delivers
socioeconomic benefits by providing public transport accessibility to areas with the lowest socioeconomic status in
the Buenos Aires Metropolitan Area and has potential for increased demand due to the highly populated areas it serves
and the absence of quality public transport alternatives. The project also supports institutional strengthening of the

SUSTAINABLE
DEVELOPMENT GOALS

transport ministry, which will ultimately improve the reliability and efficiency of the urban rail network, user safety andpersonnel security, and access for women.
IBRD Commitment: $600 million
Expected results include:• 18,945 tCO2eq emissions reduced annually• 83,557 passengers per day• 25,067 social fare passengers per day on the Belgrano Sur Line

EXTERNAL
REVIEWRESOURCES

Climate co-benefits: 99%
Closing: 2028

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Photo by Jens Aber/Unsplash

Egypt

ISSUANCE
PROGRAMSIMPACTP172548

Greater Cairo Air Pollution
Management and Climate Change ProjectThis project aims to reduce air and climate emissions from critical sectors and increase resilience to air pollution in
Greater Cairo. The overall approach is to support a combination of institutional and investment actions to address the
major determinants of air and climate pollutants. The solid waste management component supports the developmentof new and/or upgrading of existing waste management infrastructure in one major facility, closes and rehabilitates adumpsite, and strengthens the regulatory framework for waste management. Other project components include piloting

SUSTAINABLE
DEVELOPMENT GOALS

electric buses and implementing behavior change activities in the communities.
IBRD Commitment: $200 million
Expected results include:• 461,000 tCO2eq emissions reduced annually• 30% reduction in GHG emissions (tCO2eq) from municipal solid waste and 23% reduction from public buses• 20% reduction of large-scale solid waste fires per year
• 1 municipal solid waste dumpsite closed and rehabilitated• 18 million people benefiting from improved air quality

EXTERNAL
REVIEWRESOURCES

Climate co-benefits: 85%
Closing: 2027

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Enabling Digitalization

Photo by Getty Images/Unsplash+

Argentina

ISSUANCE
PROGRAMSIMPACT

P178609

Strengthening Data Infrastructure to Closethe Digital Gap

The project helps finance broadband infrastructure to reach unconnected communities that currently lack digital
infrastructure, while particularly targeting rural areas and the female population, both of which are currently
underserved with quality digital infrastructure. The project also aims to strengthen digital skills to better equip
individuals and businesses for the jobs and economy of the future and finances a decentralized network of data centersto strengthen efficiency and resilience of data infrastructure.

SUSTAINABLE
DEVELOPMENT GOALSIBRD commitment: $200 million
Target Population: Communities in unconnected and underserved areas, particularly women and vulnerable groups
Expected results include:• 350,000 people provided with new or enhanced access to broadband internet (50% female)• 15,000 individuals trained in digital skills (incl. 10,000 women and girls, and 1,000 people with disabilities)• 3,000 civil servants and government employees trained in digital skills (70% female)• 2,000 individuals utilizing advanced digital skills to secure new employment opportunities or receive
promotions or additional responsibilities as a result of training received under the project (50% female)

EXTERNAL
REVIEWRESOURCES• 1,500 new rural schools covered by broadband
Climate co-benefits: 17%
Closing: 2028

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Energy AccessPhoto by Square Films/Unsplash

Cabo Verde

ISSUANCE
PROGRAMSIMPACTP170236

Renewable Energy and Improved Utility
Performance Project

The project aims to reduce the cost of power generation through increased penetration of cheaper renewable energy
sources and the restructuring of a private commercial electricity utility. Moving away from using imported fossil fuels,
this project finances investments to integrate additional Variable Renewable Energy (VRE) into the grid and provide
sustainable and resilient electricity services to public health buildings. It also provides transaction advisory services forthe restructuring and privatization of the local electricity and water company and technical assistance and capacity
building to the National Directorate of Industry, Commerce and Energy for improved energy system planning. Ultimately,

SUSTAINABLE
DEVELOPMENT GOALS

this project aims to lower the cost of electricity services, increase energy independence, and reduce exposure to volatile
petroleum price fluctuations and GHG emissions.
IBRD Commitment: $3.5 million
Expected results include:• 6,781 MWh renewable energy produced annually• 3.9 MW renewable energy capacity added• 9,000 tCO2eq emissions reduced annually

EXTERNAL
REVIEWRESOURCES• Power system losses decreased from 26.1% to 18%
Climate co-benefits: 100%
Closing: 2027

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Photo by John Hogg/World BankSouth Africa
IMPACT

P177398

Eskom Just Energy Transition Project

ISSUANCE
PROGRAMS

The project aims to address South Africa’s reliance on coal by providing support to decommissioning and repurposing
the Komati coal-fired power plant. The project will repurpose the plant with renewable energy sources such as solar,
wind, and batteries, enhancing power supply quality and grid stability. It will help create new jobs, retain existingones during the transition, and offer reskilling opportunities for the 661 affected employees. The project also focuseson minimizing social and economic risks for workers and communities by promoting stakeholder engagement anddiversifying local economies to reduce coal dependency, benefiting around 15,000 local community members. This
pioneering initiative will provide valuable lessons for future social protection programs and support the public utility in
SUSTAINABLE
DEVELOPMENT GOALS

building technical capacities for decommissioning further coal-fired power plants.
IBRD commitment: $439.5 million
Target Population: Employees of Komati power plant and community members affected by plant decommissioning
Expected results include:• 100% of workers at Komati retrained or re-deployed• 374,970 tCO2eq emissions reduced annually• 2,521 MW of energy capacity from renewable energy sources and batteries installed• 100 new renewable energy jobs directly created

EXTERNAL
REVIEWRESOURCES• 40 suppliers, contractors, and enterprises receiving supportive measures (50% female-led)
Climate co-benefits: 100%
Closing: 2029

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Food and Nutrition Security

Photo by Tubagus Topan/Unsplash

Indonesia
IMPACT

P180491

Investing in Nutrition & Early Years Phase 2 Program

ISSUANCE
PROGRAMS

Malnutrition, especially child undernutrition, is at the core of Indonesia’s human capital challenges. Stunting rates,
linked to early-life deprivations, including inadequate maternal services, nutrition, and healthcare, are higher than
expected for the country’s income level. With previous World Bank support, Indonesia has already made considerable
progress in reducing stunting. This project aims to enhance the coverage and quality of essential health and nutrition
services to further reduce stunting in Indonesia by, deepening the partnership and support for the second phase ofIndonesia’s Stunting Reduction Program (2013–2030). It also seeks to finance efforts to improve institutional capacity

SUSTAINABLE
DEVELOPMENT GOALS

and accountability to sustain and protect the progress already made in the reduction of stunting.
IBRD commitment: $600 million
Target Population: Pregnant women and children under age five, especially in vulnerable communities
Expected results include:• 35,000 villages achieving good performance in the acceleration of stunting reduction• 300 districts rewarded for good performance on acceleration of stunting reduction during Annual National
Stunting Summit• 7,552 junior and senior high schools in priority districts distributing iron-folic acid supplements• 20,000 villages trained to improve anthropometric surveillance

EXTERNAL
REVIEWRESOURCES• 725,000 children under five receiving a full set of basic immunizations in identified priority districts
Climate co-benefits: 14%
Closing: 2029

40

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Health Emergency Prevention and Preparedness

Photo by Dominic Chavez/World Bank

AngolaISSUANCE
PROGRAMSIMPACT

P180631

Human Resources for Universal Health Coveragein Angola

The project aims to improve the capacity and availability of Angola’s healthcare workforce, ultimately contributing to
the country’s goal of achieving universal health coverage. Project objectives include increasing the number of healthcare
workers with certified postgraduate level training and retaining health professionals in public healthcare facilities after
completing postgraduate training. To achieve this, the project helps finance improved polices and curricula, strengthened
training and education facilities, and the implementation of e-learning and telemedicine platforms.

SUSTAINABLE
DEVELOPMENT GOALSIBRD commitment: $200 million
Target Population: Healthcare workers, and ultimately, the poor and vulnerable
Expected results include:• 29,000 healthcare workers with certified post-graduate level training from accredited facilities• 9,000 administrative and hospital support staff receiving in-service training• 3,000 grants/scholarships provided for post-graduate training abroad in internationallyaccredited universities• 100,000 additional specialist consultations per year

EXTERNAL
REVIEWRESOURCES• 7 provinces that have established provider-to-provider telemedicine
Climate co-benefits: 16%
Closing: 2029

41

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

World Bank Photo

UkraineISSUANCE
PROGRAMSIMPACT

P180245

Health Enhancement and Lifesaving (HEAL)
Ukraine Project*

The project aims to address the urgent health needs in Ukraine resulting from Russia’s invasion of Ukraine and the
COVID-19 pandemic. These include restoring and improving access to essential healthcare and addressing new needs forhealth services. It focuses on mental health and rehabilitation services, strengthening primary healthcare, modernizing
hospital care, and supporting capacity-building, digitalization, and innovations in the health system. The project aims toprovide immediate support for health system recovery with a gradual transition to long-term support and reforms.

SUSTAINABLE
DEVELOPMENT GOALSIBRD commitment: $103.5 million
Target Population: People displaced by war and/or suffering from war-related socio-economic andhealth vulnerabilities
Expected results include:• 500,000 people receiving mental health services• 400 facilities reconfigured to provide new or enhanced mental health services• 3,000 primary healthcare personnel trained on management of gender-based violence cases• 5,000,000 vaccinations administered to children under age 7, according to the national vaccination schedule

RESOURCES• 25 hospitals renovated• 200 health facilities renovated by the project to incorporate solar panels or other green technologies
Climate co-benefits: 6%
Closing: 2025

EXTERNAL
REVIEW* This project also addresses the “Fragility and Conflict” global challenge.

42

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Fragility and Conflict

Photo by Dominic Chavez/World Bank

LebanonISSUANCE
PROGRAMSIMPACT

P180334

Green Agri-food Transformation for Economic
Recovery (GATE) Program

The Lebanese agri-food sector is facing critical challenges, including increased input costs, fragmented value
chains, deteriorating public services, and climate change impacts. The project aims to strengthen the resilienceand competitiveness of the agri-food sector and promote sustainable transformation through a farmer-centric,
demand-driven, and integrated approach focused on rural agricultural areas. It includes components on climate-smart
investments in agri-food value chains that include improving access to finance, restoration of basic public services andinfrastructure, and improving the policy enabling environment. The project supports job creation in rural areas, inclusive

SUSTAINABLE
DEVELOPMENT GOALS

and climate-smart agricultural value chains, and enhanced food safety.
IBRD commitment: $200 million
Target Population: Underserved rural communities, including women, young people, small and medium-sized farms,
and small and medium-sized enterprises
Expected results include:• 12,000 farmers adopting climate-smart agricultural technologies (3,000 female)• 8,000 ha with new or improved irrigation or drainage services• 110 municipalities with improved service delivery (i.e., solid waste, wastewater, rural roads)
RESOURCES• 450 farmers’ groups receiving matching grants for the implementation of climate-informed business plans• 15,000 farmers and farm workers receiving training on climate-smart production practices• 35,000 tons in daily wastewater treatment capacity added
Climate co-benefits: 36%

EXTERNAL
REVIEW

Closing: 2029

43

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Water Security and AccessPhoto by Raj Dhiman/Unsplash

India
IMPACT

P179039

Karnataka Sustainable Rural Water Supply Program

ISSUANCE
PROGRAMS

Despite efforts to provide tap connections to all households by 2024, 45 percent of rural households in the Indian regionof Karnataka remained unserved. Rural water infrastructure typically suffers from the design-neglect-rebuild cycle. The
underlying reasons for low service levels and sustainability issues are the low capacity and weak performance among
local institutions, known as gram panchayats. The Program aims to improve access to safely managed drinking waterand to strengthen institutional capacity for more sustainable and reliable rural water service delivery across all 31 rural
districts of Karnataka. The Program seeks to build capacity, demonstrate excellence, and benchmark the performanceof the nearly 5,000 gram panchayats, specifically on improving operational and maintenance capacity, and enhancing
SUSTAINABLE
DEVELOPMENT GOALS

financial sustainability of water service delivery.
IBRD commitment: $363 million
Target Population: Rural communities
Expected results include:• 10 million additional people living in rural areas provided with access to safely managed drinking water• 2 million additional functional household tap connections installed• 500 tanks rejuvenated in water-scarce select districts• 5,000 gram panchayats with sustainably functioning water service
RESOURCES• 3,500 gram panchayats with water tariff collection rate above 90%• 5,000 gram panchayats adhering to enhanced water quality testing, monitoring, and publicdissemination criteria
Climate co-benefits: 29%

EXTERNAL
REVIEW

Closing: 2028

44

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

World Bank Photo

Tunisia
IMPACTP162957

Tunisia Sanitation PPP Support Project

ISSUANCE
PROGRAMS

Tunisia faces considerable water stress and scarcity, intensified by climate change. Its water resources are furtherpressured by insufficient water reuse due to limited and poor wastewater treatment. The project aims to improve accessto and quality of wastewater management services by helping improve infrastructure and operations at wastewater
management facilities. It also supports capacity building of Tunisia’s national wastewater management utility todevelop and manage public-private-partnership (PPP) contracts for the delivery of water and sanitation services.
IBRD commitment: $112.8 million

SUSTAINABLE
DEVELOPMENT GOALS

Target Population: Communities affected by water stress
Expected results include:• 2,028,000 direct project beneficiaries• 387,600 people provided with access to improved sanitation services (50% female)• 64,506,000 m3/year wastewater treated• 95% of treated wastewater meeting quality standards for discharge and reuse
Climate co-benefits: 100%

EXTERNAL
REVIEWRESOURCES

Closing: 2033

FOREWORD

The World Bank Impact Report 2023

45

Project-Level Reporting
Detailed project-level reporting is posted on the World Bank impact report website. There, investors can download

INTRODUCTION

project tables in PDF format or request the tables in Excel format. The project tables pictured below for reference provide
project objectives, results, and committed and disbursed amounts among other details, including project-level SDG
mapping for the Sustainable Development Bond and Green Bond project portfolios. Project results should be read in
conjunction with the Resources section of this report, which describes the reporting approach.
We use the Harmonised Framework for Impact Reporting that the World Bank initiated together with other issuers in
2015, and related sector–specific templates, if available, for reporting provided under the auspices of the ICMA GreenRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines.

EXTERNAL
REVIEW

Notes:Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the bonds describedherein are not funded by any project or program.

SECTION

4

Issuance Programs

Photo by Shawn Wynter/World Bank

47

FOREWORD

The World Bank Impact Report 2023

Funding Overview
The World Bank (IBRD) has been issuing bonds in the international capital markets since 1947. World Bank loans

INTRODUCTION

are financed through equity and bond issuances. World Bank bonds mobilize private capital to support the WorldBank’s development goals and finance sustainable development activities. The World Bank is rated triple-A by the
major credit rating agencies, and our bonds are viewed as high-quality investments in the global capital markets.
The World Bank’s funding strategy is aimed at achieving the best long-term value on a sustainable basis for member
countries. This approach has enabled IBRD to borrow at favorable market terms and pass the savings on to borrowing
member countries.
IBRD’s annual funding volumes vary from year to year, and funds raised are used to support the financing of IBRD’s
development projects and programs in member countries. Funds not deployed for lending are maintained in IBRD’s

IMPACT

investment portfolio to supply liquidity for IBRD’s operations, to provide flexibility in accessing the market, and support
IBRD’s triple-A credit rating. IBRD’s commercial credit risk management for the liquid asset investment portfolio
incorporates environmental, social, and governance (ESG) criteria. In addition, IBRD incorporates third-party ESG scoresfor investments and counterparties in the portfolio as an input to decision-making and monitoring. Investors can findWorld Bank Sustainable Development Bonds on the Bloomberg terminal tagged with the sustainability instrument
indicator—a yellow sun—starting from July 1, 2018, the first fiscal year IBRD published an impact report covering all

ISSUANCE
PROGRAMS

bonds.
Fiscal Year 2023. IBRD issues short-term debt (maturing in one year or less) and medium- and long-term debt (with amaturity of greater than one year). As of June 30, 2023, the borrowing portfolio was $266.8 billion, $9.9 billion higher
than June 30, 2022. The increase was primarily due to new debt issuances during the year. In FY23, IBRD raised a
total of $42.2 billion of medium- and long-term debt with an average maturity of 6.3 years and diversified across 20
currencies: 65 percent in U.S. dollars, 15 percent in euros, and others including emerging market currencies.

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALS

Please see the Resources section of the report for a list of bonds issued in FY23.

Photo by Simone D. McCourtie/World Bank

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FOREWORD

The World Bank Impact Report 2023

Issuance Highlights

INTRODUCTION

Annual Issuance ($ billions)

70

$42.2

60

issued in FY23, including

90
80

billion$0.5

50

IMPACT40

billion30

in green bonds

20
10
0

FY19

FY20

FY21

FY22

196

FY23

Bond transactions

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

Benchmark/Global Bonds
Other/Plain Vanilla Bonds
Structured/Risk Transfer Notes

EUR
15%

20

currencies

supported the financing of sustainable development
projects in IBRD member countries and their progress
toward national priorities and the SDGs

$38.6 billion

in new commitments

and

USD
65%

Issuance
by Currency

Other
20%

$25.5 billion

in disbursements

49

FOREWORD

The World Bank Impact Report 2023

Sustainable
Development Bonds

INTRODUCTIONCOMMITMENTS & DISBURSEMENTS
Table 1. Commitments and Disbursements by Sector$ millions
Total Net
Commitments

Total
Disbursements

FY23 Net
Commitments

FY23
Disbursements

Committed/a

Disbursed/b

Committed/a

Disbursed/b

153,523

75,891

38,57225,504

Public Administration

27,251

13,694

13,444

9,268

Water, Sanitation and Waste Management

18,525

8,808

1,870

1,948

Health18,323

10,873

2,655

3,189

Transportation

18,27011,378628

1,424

Energy and Extractives

16,138

5,528

6,215

1,142

Social Protection

13,684

7,588

3,118

1,831

Agriculture, Fishing and Forestry

13,391

5,803

3,265

2,221

Education

9,624

4,307

1,381

1,239

Industry, Trade and Services

8,822

3,664

1,694

1,319

Financial Sector

8,415

4,060

3,853

1,859

Information and Communications Technologies

1,081

188

450

64

SUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

Total

Figure 1. Cumulative Commitments by Sector
1%
6%

Public Administration

5%

18%

Water, Sanitation and Waste Management
Health6%
RESOURCES

Transportation

9%

Total Net
Commitments
by Sector

Energy and Extractives
Social Protection
Agriculture, Fishing and Forestry

9%
10%

EXTERNAL
REVIEW

12%

12%
12%

Education
Industry, Trade and Services
Financial Sector
Information and Communications Technology

50

SUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Table 2. Commitments & Disbursements by Project Category$ millions
Cumulative

Fiscal Year

Committed/a

Disbursed/b

Committed/a

Disbursed/b

Total

153,523

75,891

38,57225,504

Access to Essential Services

36,571

20,121

8,289

7,179

Health18,282

10,859

2,655

3,185

Education

9,548

4,610

1,381

1,552

Financial Services

8,741

4,652

4,253

2,442

54,51325,976

9,897

4,746

Transport

20,765

11,935

2,028

1,541

Water / Sanitation

17,329

8,340

2,129

1,749

Power

16,419

5,701

5,740

1,456

1,977

939

512

320

Socioeconomic Advancement & Empowerment

16,098

7,758

4,643

1,934

Social inclusion for the disadvantaged

15,364

7,665

4,443

1,894

Access to technology

734

93

200

40

Employment Generation

347

162

—

24

Food security and sustainable food systems

15,064

6,380

3,485

2,256

Governance*

28,953

14,554

11,747

9,045

Affordable Basic Infrastructure

Affordable Housing* Governance describes World Bank projects that primarily focus on supporting countries to improve governance and may include public administration, trade enabling policies,
capacity building of public sector institutions, etc.

Figure 2. Cumulative Commitments by Project Category
<1%
19%

24%

Access to Essential Services

RESOURCES

Affordable Basic Infrastructure

10%

Total Net
Commitment by
Project Category

Socioeconomic Advancement & Empowerment
Food Security and Sustainable Food Systems

10%

Governance

36%
EXTERNAL
REVIEW

Affordable Housing

1%

Employment Generation

51

FOREWORD

The World Bank Impact Report 2023

Table 3. Commitments & Disbursements by Region$ millions
Cumulative
Committed/a

Disbursed/b

Committed/a

Disbursed/b

153,523

75,891

38,57225,504

Europe & Central Asia

35,772

17,315

10,162

4,833

Latin America & Caribbean

32,207

18,152

9,828

8,216

East Asia & Pacific27,601

14,473

6,636

4,350

South Asia

26,481

10,592

4,321

3,290

Middle East & North Africa

22,80011,700

4,697

2,964

Eastern & Southern Africa

6,366

2,422

2,364

1,690

Western & Central Africa

2,296

1,236

564

161

INTRODUCTION

Total

IMPACT

Fiscal Year

Figure 3. Cumulative Commitments by Region
Europe &Central Asia

ISSUANCE
PROGRAMS

23%

Middle East &North Africa

RESOURCESSUSTAINABLE
DEVELOPMENT GOALS

15%

South Asia

17%

Latin America &Caribbean

21%

Western &Central Africa

1%

East Asia &Pacific

18%

Eastern &Southern Africa

EXTERNAL
REVIEW

4%

Notes: Amounts may not add up due to rounding. Not all countries included in a regional grouping are World Bank borrowing countries.
/a Committed Amount indicates the World Bank (IBRD) aggregate loan amount net of cancellations in USD eq billion. Loans denominated in other currencies are converted to
USD eq using the exchange rate as of the month-end prior to the negotiation date. Similarly, cancellations of loans denominated in other currencies are converted to USD eq using
the exchange rate on the value date of the cancellation.
/b Disbursed Amount indicates the total World Bank (IBRD) bond proceeds in USD eq billion allocated to support the financing of disbursements to eligible projects. Disbursements ofloans denominated in other currencies are converted to USD eq using the exchange rate on the value date of the transactions under the loan.

52

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Green Bonds
COMMITMENTS & DISBURSEMENTS 26
In FY23, the World Bank made commitments totaling $2.2 billion and disbursed $955
million to green bond eligible projects. Since 2008, the World Bank has committed $21.7
billion27 and disbursed $16.3 billion across 139 projects in 38 countries as of June 30,
2023. Approximately $12.8 billion in World Bank Green Bonds were outstanding as ofJune 30, 2023.28
Table 4. Commitments and Disbursements by Sector$ millions
Cumulative

SUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

Committed

RESOURCES

Disbursed

Mitigation

Adaptation

Total

13,9996,894

12,784955

Renewable Energy & Energy Efficiency

6,488

124

4,361

239

Clean Transportation

4,550

455

3,456

60

Water and Wastewater

356

1,606

945

139

Solid Waste Management

696

85

105

3

Living Natural Resources and Land Use

1,087

2,808

1,881

342

Resilient Infrastructure, Built Environment and Other

548

1,025

1,224

43

Biodiversity

274

791

812

128

Percentage

67%

33%

Figure 4. Cumulative Commitments by Sector
7%

5%
Renewable Energy and Energy Efficiency

32%
19%

EXTERNAL
REVIEW

Fiscal Year
Disbursed&
Outstanding

Cumulative
Commitments
by Sector($ millions)Clean Transportation
Water and Wastewater
Solid Waste Management
Living Natural Resources and Land Use
Resilient Infrastructure, Built Enviroment and Other

4%
9%

Biodiversity

24%

26 These figures represent the commitments and disbursements of the current green bond portfolio. Annual green bond commitment and allocation figures include repaid amounts
but exclude flows for canceled projects.
27 This figure represents the historic amount committed to projects in the World Bank Green Bond program since 2008, including the projects which were fully repaid.
28 The World Bank has issued over $18 billion in green bonds since 2008. An amount equal to the net proceeds of the green bonds is credited to a special account that supports
IBRD’s lending for eligible projects. So long as the green bonds remain outstanding and the special account has a positive balance, periodically and at least at the end of every
fiscal quarter, funds are deducted from the special account and added to IBRD’s lending pool in an amount equal to all disbursements from that pool made during such quarterwith respect to eligible projects.

53

FOREWORD

The World Bank Impact Report 2023

Table 5. Cumulative Commitments and Disbursements by Region$ millions
Cumulative
Committed/a

Disbursed &Outstanding/b

Disbursed

20,893

12,784955

East Asia & Pacific

6,631

4,350

336

Latin America & Caribbean

4,308

2,964

70

South Asia

4,481

2,686

260

Europe & Central Asia

3,643

1,836

220

Middle East & North Africa

1,514

870

44

Africa

315

77

24

INTRODUCTION

Total

IMPACT

Fiscal Year

Figure 5. Cumulative Commitments by Region
Europe &Central Asia

ISSUANCE
PROGRAMS

17%

Middle East &North Africa

SUSTAINABLE
DEVELOPMENT GOALS

7%

South Asia

21%

EXTERNAL
REVIEWRESOURCES

Latin America &Caribbean

21%

Africa2%

East Asia &Pacific

32%

Notes: Amounts may not add up due to rounding. Not all countries included in a regional grouping are World Bank borrowing countries.
/a Aggregate committed amount net of cancellations for eligible projects for which the loans are disbursing.
/b Total green bond proceeds allocated to support financing of disbursements to eligible projects net of loan repayments. Not adjusted for matured bonds that were not replacedwith new green bonds.

SECTION

5

Sustainable Development
Goals: Impact &Engagement

Photo by Gyan Shahane/Unsplash

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

55

Thematic Engagementswith Investors
We use the Sustainable Development Bond issuance program to engage investors on the World Bank’s development
mandate, which include different areas of interest like nature and biodiversity, climate change, health and education,and sustainable communities, among others. World Bank bond proceeds support the financing of sustainable
development activities which contribute to the achievement of the SDGs.
In addition to issuing regular Sustainable Development Bonds, the World Bank structures innovative transactions—like outcome bonds and catastrophe bonds—to mobilize additional private capital for development. All bond proceeds
support the financing of IBRD sustainable development projects and programs in developing countries, with structured

IMPACTbonds including specific features to create additional impact. The World Bank’s Sustainable Development Bond
Framework is consistent with the Sustainability Bond Guidelines published by ICMA and provides investors withinformation on how IBRD bonds support sustainable development.
Below is a selection of development topics and SDGs and a selection of transactions executed in FY23.29

ISSUANCE
PROGRAMS

Climate
The World Bank is the world’s largest financier of climate action in developing countries delivering a record$38.6 billion in climate finance in FY23 —$16.2 billion of that for IBRD— supporting efforts to end poverty
on a livable planet. On July 1, 2023, IBRD and IDA’s commitment to align our financing flows with the goalsof the Paris Agreement formally kicked in, effectively mainstreaming climate into everything we do. We help countries
curb carbon emissions and build resilience to extreme weather. This includes supporting the development andimplementation of Nationally Determined Contributions and Long-Term Strategies and advocating for policy reforms

SUSTAINABLE
DEVELOPMENT GOALS

and dialogue to support climate action in member countries. And we have an ambitious new goal to devote 45 percent
of IBRD and IDA financing to climate action for FY25, deployed equally between mitigation and adaptation.

Biodiversity
Biodiversity is a cornerstone of development, and its loss threatens hard-won development gains. Biodiversity
provides safety nets, making communities and businesses more resilient to natural and economic shocks,
ranging from climate change to conflict. Scaling up financing from all sources is needed to halt and reverse
nature loss and support high-impact projects. The World Bank is a leading multilateral financier of biodiversity. In FY23,
direct investments in biodiversity in IBRD countries totaled $1.3 billion. We are also developing new standards andproviding data and decision-support tools for governments and financial institutions to identify nature-related risks and

EXTERNAL
REVIEWRESOURCES

opportunities to “green” global finance. What’s more, the World Bank screens all investment projects for nature risks andapplies a precautionary approach to project design with a dedicated environmental and social standard, Biodiversity
Conservation and Sustainable Management of Living Natural Resources.

29 Examples provided herein are for illustrative purposes only and no assurance can be provided that disbursements for projects with these specific characteristics will be made by
the World Bank during the term of the bonds described herein. Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any
particular projects or programs. Payments on the bonds described herein are not funded by any project or program.

FOREWORD

The World Bank Impact Report 2023

56

Food & Nutrition Security
The goal of ending global hunger by 2030 is off track. Conflicts, climate change, and high food prices are
driving food and nutrition insecurity, pushing millions into extreme poverty, and reversing hard-won
development gains. Urgent action is needed to make the world’s food systems more productive, sustainable,
and resilient—and achieve global food security. The World Bank has scaled up its short- and long-term responses to the

INTRODUCTION

food crisis—providing solutions estimated to benefit 335 million people. At the end of FY23, IBRD was supporting$8.8 billion in commitments to help address the food and nutrition security crisis.

HealthThe World Bank is committed to advancing universal health coverage in developing countries by improving
health systems and ensuring affordable, quality care for all, especially the most vulnerable. In April 2024, weannounced plans to support countries in delivering quality, affordable health services to 1.5 billion people by2030. This is part of a larger global effort to provide a basic standard of care through every stage of a person’s life—
infancy, childhood, adolescence, and adulthood. Our $34 billion global health portfolio includes over 210 projects,

IMPACT

including $16.7 billion for IBRD countries, to strengthen service delivery and health financing while supporting countries
to mitigate the health risks of climate and pandemics.

Education
A major learning crisis—exacerbated by the COVID-19 pandemic—is hindering skills development and leaving
young people unprepared for today’s workforce. To build human capital and end poverty, countries must

ISSUANCE
PROGRAMS

urgently address the education emergency. The World Bank is one of the largest financiers of educationworldwide, supporting resilient, equitable, and inclusive learning systems. In FY23, IBRD committed $1.4 billion for
education programs, technical assistance, and other projects.

Gender Equality
Gender equality for all people is a matter of fairness and justice and is also essential for development. Yet
women face systemic disadvantages in access to jobs, resources, finance, and information, as well as income

SUSTAINABLE
DEVELOPMENT GOALS

gaps, and uneven legal treatment. Women, girls, sexual and gender minorities, and marginalized groups areshouldering a disproportionate impact of the world’s intertwined development crises. The World Bank is developing andscaling innovative approaches to advance gender equality and increase women’s economic empowerment. There has
been a dramatic rise in the share of World Bank operations that qualify for the gender ‘tag’—in FY23, 95 percent ofprojects included specific interventions to identify, address, and measure progress towards addressing genderconstraints. The World Bank will continue to apply the gender tag’s outcome-oriented approach to identify entry points
to advance gender equality, design specific interventions to address constraints, and track progress toward gender
outcomes. Complementing the emphasis on gender equality in project design, the World Bank will strengthen
accountability for gender outcomes during implementation and in strategic country engagement.

RESOURCES

Water
Over 2 billion people lack safe drinking water, 3.6 billion people lack safe sanitation, and at least 1.8 billion
people face significant flood risk. Climate change will exacerbate water risks worldwide, as risingtemperatures lead to more unpredictable weather and extreme weather events. By 2050, the global economy
could face $5.6 trillion in losses due to worsening droughts, storms, and torrential rain in some of the world’s largest
economies. Growing populations, higher demand for water for energy, agriculture, industry, and human consumption areexacerbating the situation. The World Bank is helping countries strengthen their water security and climate adaptation

EXTERNAL
REVIEWthrough integrated planning, reforms, and investment in water supply, sanitation, irrigation, water resourcesmanagement, and disaster risk reduction. Importantly, we are committed to prioritizing speed, scale, and impact in ourefforts to help countries develop inclusive water solutions that benefit all segments of the population. In FY23, IBRD
committed $5.3 billion in water projects focusing on sustaining water resources, delivering services, and building
resilience for a Water-Secure World for All.

57

FOREWORD

The World Bank Impact Report 2023

Sustainable Transport
Transport isfundamental tosupporting
economic growth, creating jobs, and connecting people to

IMPACT

INTRODUCTION

essential services like healthcare or education. There is also

Innovation, Risk-Sharing, &ImpactBuilding Resilience, Enhancing
Preparedness

an urgent need to reduce the climate impact of transport

In addition to providing financing andwhich constitutes about a quarter of global GHG emissions,

technical assistance to help countries

and improve road safety as road crashes are the leadingbuild resilience and respond tocause of death for people aged 5–29. To harness the fullcatastrophes and other national emergencies, thepotential of sustainable mobility, the World Bank is helping

World Bank issues catastrophe (cat) bonds underclient countries develop transport infrastructure and services

IBRD’s Capital at Risk Notes program, athat are safe, green, efficient, and inclusive. The World Bank

supplement of the World Bank’s Sustainable

is the largest provider of development financing for transport

Development Bond program. Cat bonds allow client

in low- and middle-income countries, with a focus on climate-countries exposed to natural disaster risks tosmart transport systems. All transport projects approved intransfer a portion of that risk to bond investors

FY23 included climate co-benefits, which means they directlywith payouts triggered if a disaster event meets

contribute to reducing countries’ GHG emissions and/or

certain pre-defined criteria.

ISSUANCE
PROGRAMS

enhancing climate resilience. The World Bank is also focusing
on improving road safety as a key objective for the transport

As of June 30, 2023, IBRD has executed $5.8 billion

sector, with investments to save lives, preserve humanin risk transfer operations. This includes IBRD’s

capital, lower carbon emissions, support gender equality, andlargest transaction consisting of a cat bond and a

promote economic development. At the end of FY23, theswap transaction to provide Chile $630 million in

active IBRD portfolio of road and urban transport projects

financial protection against earthquakes.

totaled $11.2 billion.

SUSTAINABLE
DEVELOPMENT GOALS

Sustainable Cities

Accessing Additionality,
Boosting Impact

Cities are central to the transition to

While also

greener and more resilient economies

supporting IBRD’s

and livelihoods. They are home to 56

portfolio ofpercent of the global population—a number expected to risesustainable development activities, IBRD Outcome

to 70 percent by 2050—and over 80 percent of global

Bonds provide investors with the opportunity toeconomic activity. Cities also consume over two-thirds ofsupport specific development projects andthe world’s energy and produce over 70% of energy related

outcomes. These outcome bonds harness private

CO2 emissions. They also bear the brunt of crises such as

capital and transfer project performance risk topandemics, conflict, displacement, and climate change,

investors, who are rewarded if the underlying

which can exacerbate risks and compound inequalities. And

activities are successful.

EXTERNAL
REVIEWRESOURCES

cities in lower-income countries suffer the most fromclimate-related shocks and stresses due to poor

In 2023, Environmental Finance recognized IBRD’s

management of urbanization. The World Bank supports

Emission Reduction-Linked Bond, which supports

climate-smart development and works with cities andthe manufacture and distribution of water purifiers

governments to establish robust financial frameworks andto schools and institutions in Vietnam as “Impact

institutions to deliver better infrastructure and services,

project/investment of the year: Climate,” and theattract investment, reduce emissions, adapt to climate

Wildlife Conservation Bond, which supports blackrisks, and foster inclusive, low-carbon, climate-resilient, andrhino conservation and local job creation in Southsustainable economies. In FY23, IBRD committed $2.7 billion

Africa with the “Award for innovation—bondfor sustainable urban development programs and projects.

structure (sustainability bond)” and as “Initiative of

See the Impact section of this report for examples ofprojects delivering impact on the ground in some of these
thematic areas and in response to global challenges.

the year—sustainability bond: IBRD.”SECTION

6

Resources

Photo by Nabih El Boustani/Unsplash

59

FOREWORD

The World Bank Impact Report 2023

Bonds Issued in the Fiscal Year

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTION

Table 6: IBRD Sustainable Development Bonds Issued from July 1, 2022, toJune 30, 2023
Trade
Date

Settlement
Date

Maturity
Date

Currency

Deal
Amount

USD eqFunding Amount

07/07/2022

07/14/2022

07/14/2027

AUD

50,000,000

34,075,000

XS2502017614

07/07/2022

07/14/2022

07/01/2026

USD

125,000,000

125,000,000

US45906MYF21

07/12/2022

07/19/2022

06/15/2027

USD

4,000,000,000

4,000,000,000

US459058KJ14

07/20/2022

07/27/2022

01/14/2028

BRL

100,000,000

14,297,414

XS2285181074

07/20/2022

07/29/2022

07/29/2027

NZD

800,000,000

497,950,000

NZIBDDT020C9

07/26/2022

08/02/2022

08/02/2027

PLN

11,600,000

2,481,443

XS2512017570

07/27/2022

08/03/2022

08/19/2027

USD

150,000,000

150,000,000

US459058JF11

07/29/2022

08/05/2022

02/17/2026

COP

65,000,000,000

11,899,313

XS2299137948

08/05/2022

08/12/2022

08/12/2025

CNH

330,000,000

48,875,855

XS2519795616

08/11/2022

08/18/2022

08/18/2027

USD

100,000,000

100,000,000

US45906MYG04

08/15/2022

08/22/2022

04/26/2030

AUD

75,000,000

53,385,000

XS2469443936

08/03/2022

08/23/2022

08/23/2030

MXN

70,000,000

3,380,548

XS2518719492

08/03/2022

08/24/2022

05/24/2032

MXN

75,000,000

3,622,016

XS2518719575

08/25/2022

09/02/2022

01/19/2029

CNH

225,000,000

32,798,834

XS2437747210

08/26/2022

09/08/2022

09/08/2026

EUR

45,000,000

45,072,000

XS2528553865

08/24/2022

09/09/2022

09/09/2027

USD

125,000,000

125,000,000

US45906M3G42

08/26/2022

09/13/2022

09/13/2025

CNH

300,000,000

43,736,241

XS2528550846

09/01/2022

09/13/2022

09/13/2027

USD

50,000,000

50,000,000

US45906M3H25

09/09/2022

09/19/2022

03/19/2024

HKD

500,000,000

63,714,559

XS2533713744

09/09/2022

09/19/2022

03/19/2024

HKD

500,000,000

63,710,499

XS2533787607

09/07/2022

09/21/2022

09/21/2026

EUR

60,000,000

59,382,000

XS2532642415

09/09/2022

09/21/2022

03/21/2024

HKD

500,000,000

63,719,431

XS2533787946

09/14/2022

09/22/2022

03/22/2024

HKD

500,000,000

63,700,759

XS2536437572

09/14/2022

09/22/2022

04/02/2024

USD

150,000,000

150,000,000

US45906M3J80

09/14/2022

09/23/2022

09/21/2029

USD

3,000,000,000

3,000,000,000

US459058KL69

09/14/2022

09/23/2022

09/23/2026

USD

1,500,000,000

1,500,000,000

US459058KK86

ISIN

60

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Trade
Date

Settlement
Date

Maturity
Date

Currency

Deal
Amount

USD eqFunding Amount

09/14/2022

09/26/2022

09/26/2027

EUR

50,000,000

50,040,000

XS2536502904

09/08/2022

09/27/2022

09/27/2032

AUD

315,000,000

212,593,500

XS2532660318

09/16/2022

09/27/2022

09/27/2027

EUR

50,000,000

49,925,000

XS2537262532

09/16/2022

09/27/2022

09/27/2027

EUR

50,000,000

49,925,000

XS2537262029

09/14/2022

09/28/2022

09/28/2037

EUR

41,000,000

41,032,800

XS2536511723

09/15/2022

09/28/2022

09/28/2037

EUR

75,000,000

74,850,000

XS2537087947

09/15/2022

09/29/2022

09/29/2025

AUD

20,423,000

13,783,483

XS2529285293

09/15/2022

09/29/2022

09/29/2025

USD

16,957,000

16,957,000

XS2529284726

09/16/2022

09/30/2022

09/30/2027

USD

50,000,000

50,000,000

US45906M3K53

09/22/2022

09/30/2022

09/30/2052

MXN

2,500,000,000

10,021,848

XS2539608336

09/16/2022

10/03/2022

04/03/2024

HKD

200,000,000

25,486,473

XS2536759348

09/28/2022

10/05/2022

10/05/2037

EUR

10,000,000

9,574,000

XS2542162834

09/22/2022

10/06/2022

02/09/2029

ZAR

300,000,000

16,910,936

XS2439224374

09/22/2022

10/06/2022

10/06/2037

EUR

20,000,000

19,753,000

XS2539615620

09/23/2022

10/06/2022

10/06/2032

EUR

25,000,000

24,380,000

XS2540116659

09/23/2022

10/07/2022

10/07/2027

EUR

5,000,000

4,876,000

XS2540964231

09/26/2022

10/07/2022

10/07/2037

EUR

15,000,000

14,461,500

XS2540607129

09/27/2022

10/11/2022

10/11/2025

MXN

205,000,000

10,054,047

XS2541842337

09/27/2022

10/12/2022

10/12/2037

EUR

15,000,000

14,442,000

XS2541615782

09/27/2022

10/13/2022

10/13/2027

EUR

40,000,000

38,512,000

XS2541852211

09/29/2022

10/13/2022

10/13/2027

EUR

50,000,000

48,572,500

XS2543145366

10/11/2022

10/18/2022

10/18/2027

EUR

35,000,000

34,009,500

XS2547292057

10/12/2022

10/26/2022

10/26/2037

USD

15,000,000

15,000,000

XS2547716949

10/13/2022

10/27/2022

10/27/2037

USD

15,000,000

15,000,000

XS2547973755

10/20/2022

11/03/2022

11/03/2037

EUR

30,000,000

29,421,000

XS2550103522

11/15/2022

11/28/2022

06/28/2027

NOK

5,000,000,000

504,133,898

XS2558956483

11/18/2022

11/30/2022

05/28/2027

USD

10,000,000

10,000,000

US45906M3L37

11/16/2022

12/01/2022

12/01/2037

AUD

50,000,000

33,715,000

XS2559362632

11/23/2022

12/05/2022

12/05/2025

CNH

300,000,000

41,919,933

XS2561748554

11/29/2022

12/06/2022

12/21/2026

ZAR

500,000,000

29,459,767

XS1844348570

11/30/2022

12/08/2022

12/08/2027

IDR

400,000,000,000

25,453,388

XS2564365661

ISIN

61

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Trade
Date

Settlement
Date

Maturity
Date

Currency

Deal
Amount

USD eqFunding Amount12/06/2022

12/14/2022

12/14/2025

UYU

850,000,000

21,683,673

XS2566083320

12/01/2022

12/15/2022

12/15/2034

EUR

50,000,000

52,187,500

XS2564580806

12/05/2022

12/15/2022

12/15/2034

EUR

50,000,000

52,825,000

XS2565833725

12/08/2022

12/22/2022

12/22/2037

USD

50,000,000

50,000,000

XS2567264911

12/14/2022

12/22/2022

01/22/2024

USD

35,000,000

35,000,000

XS2569414498

12/01/2022

12/27/2022

12/27/2027

USD

15,000,000

15,000,000

US45906M3M10

12/21/2022

01/06/2023

01/06/2033

USD

15,000,000

15,000,000

US45906M3N92

01/05/2023

01/12/2023

01/12/2028

IDR

800,000,000,000

51,282,051

XS2575878868

01/05/2023

01/12/2023

01/12/2027

USD

1,750,000,000

1,750,000,000

US459058KN26

01/04/2023

01/13/2023

01/13/2028

AUD

1,500,000,000

1,020,000,000

AU3CB0295509

01/04/2023

01/13/2023

01/13/2038

EUR

25,000,000

26,512,500

XS2575413476

01/05/2023

01/13/2023

01/13/2026

BRL

150,000,000

27,825,700

XS2575682450

01/05/2023

01/17/2023

07/17/2026

IDR

300,000,000,000

19,243,105

XS2574878901

01/05/2023

01/18/2023

01/18/2028

CAD

1,000,000,000

735,835,173

CA459058KM45

01/06/2023

01/18/2023

01/18/2038

USD

50,000,000

50,000,000

XS2575870535

01/06/2023

01/19/2023

01/19/2029

IDR

800,000,000,000

51,183,621

XS2576077809

01/06/2023

01/19/2023

01/19/2030

COP

110,000,000,000

10,316,004

XS2576257294

01/06/2023

01/19/2023

01/19/2028

PEN

50,000,000

13,157,895

XS2576297597

01/10/2023

01/19/2023

01/19/2029

CNH

100,000,000

14,717,786

XS2437747210

01/11/2023

01/19/2023

01/19/2033

EUR

3,000,000,000

3,225,350,000

XS2577109049

01/11/2023

01/19/2023

01/19/2027

CNH

300,000,000

44,221,698

XS2577528107

01/11/2023

01/20/2023

01/20/2026

CNH

300,000,000

44,163,109

XS2577486348

01/13/2023

01/23/2023

01/14/2028

BRL

150,000,000

23,850,294

XS2285181074

01/13/2023

01/23/2023

01/23/2038

EUR

30,000,000

32,436,000

XS2578477486

01/11/2023

01/25/2023

01/25/2038

EUR

10,000,000

10,749,000

XS2577824761

01/12/2023

01/30/2023

01/30/2038

USD

15,000,000

15,000,000

XS2577840965

01/19/2023

01/30/2023

02/09/2029

IDR

300,000,000,000

19,801,980

XS2439526547

01/23/2023

02/01/2023

02/01/2028

NOK

2,000,000,000

203,935,964

XS2581756389

01/18/2023

02/02/2023

02/02/2028

NZD

550,000,000

353,595,000

NZIBDDT021C7

01/19/2023

02/02/2023

02/02/2029

INR

2,500,000,000

30,731,408

XS2581211716

01/26/2023

02/03/2023

02/03/2028

USD

50,000,000

50,000,000

US45906MYJ43

ISIN

62

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Trade
Date

Settlement
Date

Maturity
Date

Currency

Deal
Amount

USD eqFunding Amount

01/27/2023

02/03/2023

02/03/2028

USD

100,000,000

100,000,000

US45906M3R07

01/31/2023

02/07/2023

02/07/2026

CNH

340,000,000

50,347,993

XS2584153295

02/01/2023

02/08/2023

02/08/2038

BRL

600,000,000

25,300,493

XS2582388349

01/18/2023

02/09/2023

02/09/2033

USD

25,000,000

25,000,000

US45906M3P41

02/02/2023

02/09/2023

02/20/2063

JPY

30,000,000,000

233,553,912

02/02/2023

02/09/2023

01/19/2027

CNH

100,000,000

14,858,841

XS2577528107

02/03/2023

02/10/2023

02/09/2029

ZAR

250,000,000

14,451,869

XS2439224374

02/06/2023

02/14/2023

02/09/2029

IDR

600,000,000,000

39,603,960

XS2439526547

02/07/2023

02/14/2023

02/14/2030

USD

5,000,000,000

5,000,000,000

US459058KQ56

02/08/2023

02/15/2023

07/01/2026

USD

100,000,000

100,000,000

US45906M3W91

01/20/2023

02/16/2023

02/16/2033

USD

15,000,000

15,000,000

US45906M3Q24

02/09/2023

02/16/2023

02/16/2033

EUR

5,000,000

5,381,750

XS2588939137

02/10/2023

02/17/2023

02/17/2043

EUR

30,000,000

32,097,000

XS2589440119

02/13/2023

02/21/2023

02/21/2025

KZT

9,250,000,000

20,471,395

XS2587285300

02/14/2023

02/21/2023

02/20/2063

JPY

30,000,000,000

227,014,756

02/06/2023

02/22/2023

02/22/2033

USD

100,000,000

100,000,000

US45906M3T62

02/14/2023

02/22/2023

03/31/2028

USD

50,000,000

50,000,000

US459058KR30

02/07/2023

02/23/2023

02/23/2033

USD

110,000,000

110,000,000

US45906M3U36

01/31/2023

02/24/2023

02/24/2038

USD

50,000,000

50,000,000

US45906M3S89

02/08/2023

02/24/2023

02/24/2033

USD

60,000,000

60,000,000

US45906M3V19

02/09/2023

02/28/2023

02/28/2033

USD

100,000,000

100,000,000

US45906M3X74

02/13/2023

02/28/2023

02/28/2033

INR

850,000,000

10,275,629

XS2589830095

02/16/2023

03/03/2023

03/03/2033

USD

35,000,000

35,000,000

US45906M3Z23

02/23/2023

03/03/2023

03/03/2028

USD

50,000,000

50,000,000

XS2594188794

02/16/2023

03/06/2023

03/06/2029

EUR

10,000,000

10,705,000

XS2591235184

02/21/2023

03/07/2023

03/07/2038

USD

15,000,000

15,000,000

XS2592763903

03/03/2023

03/10/2023

12/08/2027

IDR

600,000,000,000

39,190,072

XS2564365661

02/24/2023

03/15/2023

03/16/2028

USD

50,000,000

50,000,000

XS2594800356

03/03/2023

03/16/2023

03/16/2033

USD

59,000,000

59,000,000

XS2597039721

ISIN

63

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Trade
Date

Settlement
Date

Maturity
Date

Currency

Deal
Amount

USD eqFunding Amount

03/07/2023

03/16/2023

03/16/2038

BRL

300,000,000

10,569,490

XS2598069503

03/17/2023

03/24/2023

03/31/2026

USD

350,000,000

350,000,000

XS2599161192

03/15/2023

03/28/2023

03/29/2026

USD

18,700,000

18,700,000

XS2596908546

03/24/2023

03/31/2023

11/18/2030

AUD

300,000,000

200,430,000

AU3CB0275998

04/04/2023

04/12/2023

07/12/2028

USD

5,000,000,000

5,000,000,000

US459058KT95

04/04/2023

04/13/2023

04/13/2038

AUD

6,370,000

2,438,876

XS2610526100

04/05/2023

04/14/2023

01/12/2028

IDR

750,000,000,000

50,251,256

XS2575878868

04/05/2023

04/14/2023

04/14/2038

EUR

2,000,000,000

2,189,800,000

XS2611177382

04/05/2023

04/14/2023

04/14/2033

AUD

100,000,000

67,610,000

XS2611101481

04/05/2023

04/17/2023

04/17/2030

INR

4,250,000,000

51,829,268

XS2610898665

04/11/2023

04/19/2023

05/26/2037

BRL

300,000,000

13,963,092

XS2483844176

04/12/2023

04/19/2023

04/19/2038

EUR

10,000,000

10,925,500

XS2613670764

04/05/2023

04/21/2023

04/21/2033

AUD

340,000,000

227,287,920

AU3CB0298545

04/14/2023

04/21/2023

04/21/2033

EUR

10,000,000

11,058,500

XS2614692197

04/13/2023

04/24/2023

01/18/2028

CAD

900,000,000

674,460,432

CA459058KM45

04/17/2023

04/24/2023

04/24/2028

INR

8,500,000,000

103,658,537

XS2615587263

04/12/2023

04/26/2023

04/26/2033

EUR

10,000,000

10,925,500

XS2613669089

04/19/2023

04/27/2023

04/28/2026

USD

7,070,000

7,070,000

XS2611339461

04/20/2023

04/27/2023

04/27/2027

USD

50,000,000

50,000,000

XS2616282369

04/20/2023

04/27/2023

04/27/2033

USD

20,000,000

20,000,000

XS2616438557

04/19/2023

05/05/2023

05/05/2033

USD

150,000,000

150,000,000

US45906M4A62

04/21/2023

05/05/2023

05/05/2027

USD

50,000,000

50,000,000

XS2617101535

04/24/2023

05/05/2023

05/05/2027

USD

50,000,000

50,000,000

XS2617089144

04/25/2023

05/05/2023

01/19/2029

CNH

100,000,000

14,429,598

XS2437747210

04/27/2023

05/08/2023

04/21/2033

AUD

500,000,000

331,500,000

AU3CB0298545

04/26/2023

05/10/2023

05/10/2038

USD

50,000,000

50,000,000

XS2618836600

05/08/2023

05/15/2023

05/15/2033

USD

20,000,000

20,000,000

XS2623259897

05/09/2023

05/16/2023

02/09/2029

INR

2,000,000,000

24,360,536

XS2439527271

05/09/2023

05/16/2023

02/09/2029

BRL

105,000,000

20,877,242

XS2439224705

05/09/2023

05/16/2023

05/16/2033

USD

20,000,000

20,000,000

XS2623489973

05/09/2023

05/16/2023

05/16/2033

USD

20,000,000

20,000,000

XS2623509754

ISIN

64

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Trade
Date

Settlement
Date

Maturity
Date

Currency

Deal
Amount

USD eqFunding Amount05/10/2023

05/17/2023

12/08/2027

IDR

500,000,000,000

33,955,857

XS2564365661

05/10/2023

05/17/2023

05/17/2033

USD

20,000,000

20,000,000

XS2623875007

05/10/2023

05/17/2023

05/17/2033

USD

20,000,000

20,000,000

XS2623878449

05/05/2023

05/18/2023

05/18/2033

USD

20,000,000

20,000,000

US45906M4B46

05/10/2023

05/19/2023

05/19/2038

NOK

1,600,000,000

152,091,255

XS2623869455

05/11/2023

05/22/2023

05/22/2043

USD

50,000,000

50,000,000

XS2624503681

05/16/2023

05/23/2023

05/23/2033

EUR

10,000,000

10,879,500

XS2626767144

05/15/2023

05/24/2023

05/24/2033

USD

20,000,000

20,000,000

XS2626694595

05/16/2023

05/24/2023

09/23/2026

USD

700,000,000

700,000,000

US459058KK86

05/17/2023

05/24/2023

05/24/2033

USD

25,000,000

25,000,000

XS2627360329

05/17/2023

05/24/2023

05/24/2033

USD

20,000,000

20,000,000

XS2627311207

05/16/2023

05/25/2023

01/12/2027

USD

800,000,000

800,000,000

US459058KN26

05/17/2023

05/25/2023

05/25/2028

UYU

390,000,000

10,000,000

XS2628482486

05/16/2023

05/26/2023

08/19/2027

USD

800,000,000

800,000,000

US459058JF11

05/17/2023

05/26/2023

05/26/2028

IDR

100,000,000,000

5,038,629

XS2628477999

05/19/2023

05/26/2023

05/26/2033

USD

10,000,000

10,000,000

XS2630883796

05/19/2023

05/26/2023

05/26/2033

USD

25,000,000

25,000,000

XS2629214250

05/22/2023

05/30/2023

05/29/2026

USD

3,661,000

3,661,000

XS2620092465

05/22/2023

05/31/2023

04/21/2033

AUD

410,000,000

272,568,000

AU3CB0298545

05/23/2023

05/31/2023

09/30/2052

MXN

5,000,000,000

22,882,657

XS2539608336

05/23/2023

06/05/2023

06/05/2033

USD

15,000,000

15,000,000

XS2630925118

05/31/2023

06/09/2023

01/18/2028

CAD

100,000,000

73,475,386

CA459058KM45

06/02/2023

06/09/2023

01/19/2029

CNH

100,000,000

14,144,272

XS2437747210

06/01/2023

06/13/2023

06/08/2027

NZD

225,000,000

135,337,500

XS2633713560

04/03/2023

06/15/2023

06/16/2028

INR

385,000,000

4,679,262

XS2610527330

06/06/2023

06/15/2023

06/15/2026

USD

1,000,000,000

1,000,000,000

US45906M4C29

06/07/2023

06/15/2023

03/31/2024

USD

118,792,000

118,792,000

XS2622185622

06/07/2023

06/15/2023

05/31/2026

USD

122,818,000

122,818,000

XS2622186786

06/07/2023

06/15/2023

06/28/2026

USD

20,406,000

20,406,000

XS2622199680

06/07/2023

06/15/2023

08/11/2026

USD

92,676,000

92,676,000

XS2622190549

06/07/2023

06/15/2023

09/21/2027

USD

2,844,000

2,844,000

XS2622191786

ISIN

65

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Trade
Date

Settlement
Date

Maturity
Date

Currency

06/07/2023

06/15/2023

12/07/2027

USD

2,154,000

2,154,000

XS2622192248

06/08/2023

06/16/2023

07/03/2025

KZT

10,000,000,000

22,471,910

XS2637237160

06/09/2023

06/16/2023

01/14/2028

BRL

100,000,000

18,158,332

XS2285181074

06/12/2023

06/20/2023

06/20/2028

SEK

1,000,000,000

92,807,425

XS2637854014

06/13/2023

06/22/2023

06/22/2026

NZD

950,000,000

581,520,000

NZIBDDT022C5

06/14/2023

06/22/2023

06/22/2033

EUR

20,000,000

21,614,000

XS2639015846

06/14/2023

06/26/2023

06/26/2028

USD

500,000,000

500,000,000

US45906M4E84

06/12/2023

06/27/2023

06/27/2033

USD

150,000,000

150,000,000

US45906M4D02

06/15/2023

06/27/2023

06/29/2026

USD

2,000,000

2,000,000

XS2639909600

06/16/2023

06/27/2023

06/28/2027

MXN

35,000,000

2,039,033

XS2640917139

06/20/2023

06/27/2023

04/24/2028

INR

4,100,000,000

50,000,000

XS2615587263

06/20/2023

06/27/2023

06/27/2033

USD

10,000,000

10,000,000

XS2642765197

06/21/2023

06/27/2023

06/30/2026

USD

7,972,000

7,972,000

XS2631842205

Indicates a reopening of the transaction/tap
Indicates World Bank Green Bond

Deal
Amount

USD eqFunding AmountISIN

FOREWORD

The World Bank Impact Report 2023

66

Impact Reporting Approach
The intention of impact reporting is to help investors develop a more detailed understanding of the results from WorldINTRODUCTION

Bank–financed projects eligible for funding through World Bank Sustainable Development Bonds and Green Bonds.
Key results indicators have been selected and, where possible, quantified, but it is important to appreciate the inherent
limitations of data reported. The main considerations to adequately interpret results of the SDB program and the Green
Bond program are described in this section.
The World Bank uses the Handbook: Harmonised Framework for Impact Reporting published by ICMA that builds on theoriginal framework initiated by the World Bank and others, published in 2015, and related templates in the ProjectLevel Reporting annex to this impact report. These templates, organized by sector, are designed for harmonization of
impact reporting, and the proposed indicators may not fully reflect the purpose of the World Bank-financed projects in

IMPACT

the sectors presented above. It is important to view the “other indicators” offered, which indicate green and social “cobenefits” of the projects. Moreover, as the consultative process for developing harmonized impact reporting templates
advances, the core indicators might be subject to changes. Projects categorized in the remaining sectors are moreheterogeneous. The report provides project-specific indicators based on available information on the scale of results.

ISSUANCE
PROGRAMS

Sustainable Development Bonds
Key Assumptions and Approach
RESULTS INDICATORS The indicators used in the project tables of this report have been selected from among otherexpected development results and are intended to illustrate the type and scale of expected results in a variety of
sectors and country contexts. The results indicators presented for aggregated Impact Highlights are drawn from theWorld Bank Corporate Scorecard, Tier 2 results, and Corporate Results Indicators. These are sector outcome or output
indicators that can be measured and monitored at the project level and aggregated across operations and countries.

SUSTAINABLE
DEVELOPMENT GOALS

More information on the definition of each “Tier 2” indicator can be found at https://scorecard.worldbank.org/.
SCOPE OF RESULTS Unless otherwise indicated, reporting is based on ex-ante estimates of impacts at the time of
project appraisal and mostly for direct project effects. The Project Impact Highlights in this report include selected
results that are aggregated where possible and do not represent all countries or regions where the World Bank supports
the financing of projects. Project Impact Highlights should not be considered a comprehensive accounting of results.
Additional project results are presented in the Project-by-Project section of the report, and the full set of project results
can be found at http://projects.worldbank.org.
UNCERTAINTY An important consideration in estimating impact indicators and projecting results is that they are basedon assumptions. While technical experts aim to make sound and conservative assumptions that are reasonable based

RESOURCES

on the information available at the time, the actual impact of projects generally diverges from initial projections. In
general, behavioral changes or shifts in baseline conditions can cause deviations from projections.
COMPARABILITY Caution should be taken in comparing projects, sectors, or whole project portfolios because baselines(and base years) and calculation methods may vary significantly. The cost structures between countries will alsovary, so that developing cost-efficiency calculations (such as results per dollar invested) could, for example, placesmaller countries with limited economies of scale at a disadvantage and will not take into consideration the country-

EXTERNAL
REVIEW

specific context.

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Omissions and Qualitative Results
Because the selected projects aim to provide social and developmental benefits as well as climate and environmental
ones, they will have impacts across a much wider range of indicators than were captured in the previous section.
Therefore, exclusively focusing on the reported indicators will leave out other important development impacts. Where
quantitative data is unavailable, qualitative indicators have been included to illustrate other beneficial impacts. The

INTRODUCTION

intention of impact reporting is to help investors develop a more detailed understanding of the results from World Bank–financed projects. Several key results indicators have been selected and, where possible, quantified, but it is important
to appreciate the inherent limitations of data reported.
PERIOD OF INCLUSION IN REPORT Projects are added to the impact report in the fiscal year of approval. The dataset
includes projects with disbursements or new commitments during the fiscal year. Once IBRD has ceased disbursing
funds to a project, it is excluded from the dataset but may still have outstanding loans. Due to the size of the dataset,the detailed project tables are available on the World Bank Treasury website.

IMPACTREPORTING FOR CO-FINANCED PROJECTS The World Bank often co-finances projects with the client country and/or other lenders. The results for the individual project are based on the total project including all financiers. The WorldBank’s share of the total financing is included for each project.
AGGREGATIONS OF GHG ESTIMATES When reported in the “Project Appraisal,” “Implementation Status and Results,”
and/or “Implementation Completion and Results” reports, the GHG emission reductions for projects are reported

ISSUANCE
PROGRAMS

in tons of CO2 equivalent. The World Bank, in conjunction with other international finance institutions, developed aharmonized approach for GHG accounting. At the same time, the World Bank developed internally consistent GHG
accounting methodologies to track ex-ante gross and net emissions in investment projects across relevant sectors
and over their economic lifetime. Starting in FY19, the World Bank Group began reporting aggregated annual net GHG
emission reductions in the 2019 Corporate Scorecard. Given these recent developments in GHG accounting, the basis for
estimating CO2 equivalent emission reductions for projects approved prior to FY19 may vary.
ALL REPORTED RESULTS ARE FROM PUBLICLY AVAILABLE SOURCES Reporting is based on publicly available
SUSTAINABLE
DEVELOPMENT GOALS

impacts for the projects disclosed in “Project Appraisal,” “Implementation Status and Results,” and “Implementation
Completion and Results” reports. To facilitate comparability of the reported results, the reporting units have been
converted where such conversion is based on a standard conversion factor. For a broader country context ondevelopmental impacts of projects, view the full set of project documentation available on the World Bank website at
http://projects. worldbank.org.
MAPPING OF PROJECTS TO THE SUSTAINABLE DEVELOPMENT GOALS AND SECTORS The World Bank uses amethodology developed in partnership with the Stockholm Environment Institute (SEI)30 to map projects to the SDGs.
The methodology employs a custom training dataset and a random forest machine learning model to map project-level
results indicators to the SDGs. When projects at the early stage lack results indicators, detailed project informationfrom PDF files is extracted using natural language processing techniques, ensuring data suitability. This methodology

EXTERNAL
REVIEWRESOURCES

was also leveraged to map projects to project categories using ICMA’s mapping of sub-SDG targets for the Green Bondand Social Bond Principles.31 Notably, project activities classified by the World Bank as Public Administration such as
fiscal reforms, trade policies, capacity building, etc. are classified as Governance in terms of project category, enhancing
the comprehensiveness of the training dataset.

30 Using Automated Text Mining to Align Investments with the Sustainable Development Goals: A Case Study Analyzing World Bank Projects
31

Green, Social and Sustainability Bonds: A High-Level Mapping to the Sustainable Development Goals

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68

Green Bonds
The World Bank issued its first Green Bond Impact Report in 2015, and impact reporting continues to evolve from year
to year. The initial reporting template and set of indicators presented were the product of engagement with investors,
which benefited from the efforts of multilateral development banks to harmonize metrics for GHG accounting32 andreporting on climate finance activities. The World Bank led a collaborative initiative with other issuers to create the first

INTRODUCTION

harmonized template with core indicators for the Renewable Energy and Energy Efficiency sectors, which was publishedin March 2015. The template has since evolved and been adopted by many other issuers. This consultative process ofdeveloping harmonized impact reporting templates has advanced under the auspices of the Green Bond Principles andits working groups and continues to evolve to cover other indicators and relevant sectors.
The indicators for this report have been selected among other expected development results and are intended toillustrate the type and scale of expected results in a variety of sectors and country contexts. To better reflect individual
country challenges, demands, and resources, the report focuses on presenting a diverse set of countries, projects, andIMPACT

sectors rather than cumulative impacts.

Key Assumptions and Approach
The following key assumptions and approach were used in preparing this report.
• EX-ANTE PROJECTIONS: Quantitative estimates for target results represent ex-ante projections developed
during project design mostly for direct project impacts once projects are at normal operating capacity. The

ISSUANCE
PROGRAMS

target results include expected results for projects approved by the Board but still in the implementation
phase. The impact report thus serves as an illustration of expected results made possible through green
bond eligible projects, but it is not intended to and does not provide actual results achieved in a specific year
or reporting period. Target results have been updated with actual results at project completion. Where theamounts are based on actual results, this is noted in the project tables.
• PERIOD OF INCLUSION IN THE REPORT: Impact reporting will be provided for projects for so long as they
are part of the World Bank Green Bond project portfolio. This means projects are added to the impact report
SUSTAINABLE
DEVELOPMENT GOALS

once green bond proceeds have been allocated to support the financing of disbursements to the project andremoved once the client has repaid the respective loan. Projects may also be removed from future reports if
the World Bank decides to remove a project from its green bond project portfolio33. In the latter case, any
green bond proceeds previously allocated to support the financing of disbursements to that project willbe credited back to the Special Account for green bond proceeds and allocated to support the financing of
disbursements to other green bond eligible projects as part of the routine allocation process.
• REPORTING FOR CO-FINANCED PROJECTS: The World Bank often co-finances projects with the client
country and/or other lenders. The results for the individual project are based on the total project including all
financiers. The World Bank’s share of the total financing is included for each project.

RESOURCES• PARTIAL PROJECT ELIGIBILITY: In cases where a project is only partially green bond eligible, the committed
amount reported reflects only that portion that is green bond eligible. Allocations to support disbursements tosuch projects are made on a pro rata basis.
• AGGREGATION OF GHG ESTIMATES: When reported in the “Project Appraisal,” “Implementation Status andResults,” and/or “Implementation Completion and Results” reports, the GHG emission reductions for projects

EXTERNAL
REVIEW

are reported in tons of CO2 equivalent. The World Bank, in conjunction with other International Finance

32 See the Joint Report on Multilateral Development Banks’ Climate Finance at https://thedocs.worldbank.org/en/doc/9234bfc633439d0172f6a6eb8df1b881-0020012021/
original/2020-Joint-MDB-report-on-climate-finance-Report-final-web.pdf
33 As part of the World Bank’s due diligence in monitoring projects included in its Green Bond project portfolio, it may elect to remove a project. Possible reasons for removing a
project from the Green Bond project portfolio include, but are not limited to, cancellation of the project or significant implementation delays.

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69

Institutions, developed a harmonized approach for GHG accounting.34 At the same time, the World Bank
developed internally consistent GHG accounting methodologies to track ex-ante gross and net emissions ininvestment projects across relevant sectors and over their economic lifetime. Starting in FY19, the World Bankis reporting aggregated annual net GHG emission reductions in the 2019 Corporate Scorecard35. Given theserecent developments, the basis for estimating CO2 equivalent emission reductions for projects approved prior• ALL REPORTED RESULTS ARE FROM PUBLICLY AVAILABLE SOURCES: Reporting is based on publicly
available impacts for the projects disclosed in “Project Appraisal,” “Implementation Status and Results,” and“Implementation Completion and Results” reports. To facilitate comparability of the reported results, thereporting units have been converted where such conversion is based on a standard conversion factor.

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTION

to FY19 may vary.

34 For more information on the harmonization framework, see https://www.worldbank.org/content/dam/Worldbank/document/IFI_Framework_for_Harmonized_Approach%20
to_Greenhouse_Gas_Accounting.pdf.
35 https://scorecard.worldbank.org/

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Alignment with Market
Standards

INTRODUCTIONSUSTAINABLE DEVELOPMENT BOND PROCESSWorld Bank Sustainable Development Bonds are aligned with the Sustainability Bond Guidelines,36 coordinatedby ICMA.

Use of Proceeds
All World Bank bonds support the financing of a combination of green and social, “sustainable development” projects,

IMPACT

programs, and activities in IBRD member countries. Each project is designed to achieve both positive social andenvironmental impacts and outcomes in line with the World Bank Group’s mission to end extreme poverty and boost
shared prosperity on a livable planet.
The World Bank works in every major area of development in partnership with member governments to find sustainable
solutions to local and global development challenges. The list below provides examples of projects that meet the

ISSUANCE
PROGRAMS

eligibility criteria to be supported by the World Bank’s Sustainable Development Bonds and we have classified projects
as social or green to show alignment with the Sustainability Bond Guidelines.
Examples of projects, programs and activities that can be classified as “social projects” include, but are not limited tothose that aim to:• Improve healthcare, nutrition, and childhood development• Improve equitable access to education, raise students’ retention and completion rates, improve learning
SUSTAINABLE
DEVELOPMENT GOALS

conditions in schools, train teachers and improve teachers’ foundational skills• Advance food security• Strengthen social security, pension, and legal systems• Improve access for individuals and businesses to affordable financial products and services such astransactions and payment services, savings, credit, and insurance• Support and improve access to affordable housing through regulatory and policy reform and improving accessto finance

RESOURCES• Create more and higher-quality jobs, and connect disadvantaged people to jobs by eliminating barriers andbuilding skills• Improve the effectiveness of formal technical and vocational training, short-term skills development, andapprenticeship programs• Provide financial, technical and advisory support to countries that have decided to transition from coal to

EXTERNAL
REVIEWcleaner sources of energy

36 https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-bond-guidelines-sbg/

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Examples of projects, programs and activities that can be classified as “green projects” include, but are not limited tothose that aim to:• Advance climate-smart agriculture, improve agricultural infrastructure and support services, strengthen foodvalue chains, and increase market access for smallholder farmers

INTRODUCTION• Manage water holistically for sustained water resource utilization, improved delivery of services andbuilding resilience• Address biodiversity conservation and challenges of pollution and natural resource degradation• Help resource-rich developing countries benefit from the increasing demand for minerals and metals, while
ensuring that mining is managed to minimize its environmental and climate footprint• Prepare national plans and legislation to protect the environment and manage disaster risk

IMPACT• Contribute to climate mitigation (solar and wind installations, new technologies that reduce GHG emissions,rehabilitation of power plants and transmission facilities to reduce emissions, clean transportation,
sustainable waste management, carbon reduction through reforestation and prevention of deforestation) andclimate adaptation (protection against flooding, improvements in food security, climate-resilient agriculture,sustainable forest management, and prevention of deforestation).
The foregoing classification of the examples as either social or green is for convenience only. Many of the projects,
ISSUANCE
PROGRAMS

programs, and activities described above include social and green components by design and will produce a mix of green
and social outcomes. Additional examples of eligible projects, programs, and activities can be found at: https://www.
worldbank.org/en/topic.

Target populations:
World Bank–financed projects aim to protect and empower vulnerable groups—including women and girls, the poor,

SUSTAINABLE
DEVELOPMENT GOALS

disabled people, and youth—to reduce poverty, improve living standards, and raise incomes and productivity.

Process for Evaluation & Selection of Eligible Operations
All World Bank operations are designed to achieve positive environmental and social impacts and outcomes consistent
with the World Bank mission to end poverty and boost prosperity on a livable planet. Operations are approved after an
extensive internal review process that integrates sustainability policies and environmental and social requirements. Thisis complemented by comprehensive project disclosure, portfolio management and review processes that are designed toprovide timely feedback to enhance, improve, and, if necessary, adjust operations to achieve positive impacts in line withdesired outcomes.

RESOURCESManagement of Proceeds
The proceeds of all World Bank bonds are invested in accordance with IBRD’s liquidity asset management investment
policy, which incorporates environmental, social, and governance criteria for investment decision-making andmonitoring. Disbursement requests for eligible operations take place in accordance with IBRD’s established policies andprocedures. Disbursements are often made over a period of several years, depending on when each project/program
milestone is reached. The use of the net proceeds is tracked by IBRD on a continuous basis and IBRD reports on the use

EXTERNAL
REVIEWof proceeds on an annual basis.

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Reporting
The World Bank is committed to producing an annual impact report within one year following the close of the fiscal
year (June 30) describing the operations supported by the financing generated by World Bank bonds issued during theprevious fiscal year. This report provides information on allocation of bond proceeds and reports on results across a
range of measurable outcomes, highlighting a selection of project development indicators. Impact reports are available

INTRODUCTION

on the World Bank Treasury website: http://treasury.worldbank.org.

Green Bond Process
World Bank Green Bonds are aligned with the Green Bond Principles,37 coordinated by ICMA. The World Bank’s green
bond eligibility criteria were independently reviewed in 2015 by the Center for International Climate and Environmental
Research at the University of Oslo (CICERO).
The World Bank Green Bonds are a subset of our Sustainable Development Bond Program. World Bank Green Bonds

IMPACTfollow the same rigorous process as all World Bank bonds and are subject to an additional step to select green bond–eligible projects that promote the transition to low-carbon and/or climate resilient growth in World Bank client countries.

Use of Proceeds
World Bank Green Bonds support the funding of eligible projects that promote the transition to low-carbon and climate

ISSUANCE
PROGRAMS

resilient growth in IBRD member countries. Eligible projects may include those that mitigate climate change including
investments in low-carbon and clean technology programs, such as energy efficiency and renewable energy programs
and projects or adaptation to climate change, including investments in climate-resilient growth.
Examples of climate-mitigation projects include, without limitation:• Rehabilitation of power plants and transmission facilities to reduce GHG emissions

SUSTAINABLE
DEVELOPMENT GOALS• Solar and wind installations• Funding for new technologies that permit significant reductions in GHG emissions• Greater efficiency in transportation, including fuel switching and mass transport• Waste management (methane emission) and construction of energy-efficient buildings• Carbon reduction through reforestation and avoided deforestation
Examples of climate adaptation projects include, without limitation:• Protection against flooding (including reforestation and watershed management)

RESOURCES• Food security improvement and stress-resilient agricultural systems that slow deforestation• Sustainable forest management and avoided deforestation

Process for Evaluation & Selection of Eligible Operations
Green Bond–eligible projects go through a rigorous review and approval process to ensure that they align with the World

EXTERNAL
REVIEW

Bank Group’s mission and meet countries’ development priorities. The process includes: (i) screening to identify potential
environmental or social impacts and designing policies and concrete actions to mitigate any such impacts; (ii) approvalby the Board of Executive Directors—a resident Board with 25 chairs representing member countries; and (iii) regular
37 https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/green-bond-principles-gbp

FOREWORD

The World Bank Impact Report 2023

73

monitoring and evaluation. Additionally, World Bank environmental specialists screen all projects to assess climate cobenefits. This assessment is integral to identifying projects that meet World Bank Green Bond project eligibility criteria.

Management of Proceeds
Green Bond proceeds are credited to a special cash account and invested in accordance with IBRD’s liquidity asset

INTRODUCTION

management investment policy, which incorporates environmental, social, and governance criteria for investment
decision-making and monitoring, until used for the support of the World Bank’s financing of eligible Green Bond projects.
Disbursement requests for eligible projects take place in accordance with IBRD’s established policies and procedures.
Disbursements are often made over a period of several years, depending on when each project milestone is reached. As
disbursements are made for Green Bond projects, corresponding amounts from the special account are allocated to thegeneral lending pool on at least a quarterly basis.

Reporting
IMPACT

The World Bank has published an impact report since 2015 and before that used its investor newsletter to report results.
The World Bank is committed to producing an annual impact report within one year following the close of the fiscal year
(June 30) describing the operations supported by the financing generated by World Bank Green Bonds issued during theprevious fiscal year. This report provides information on the allocation of bond proceeds and reports on results across a
range of measurable outcomes, highlighting a selection of individual project development indicators. Impact reports are

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

available on the World Bank Treasury website: http://treasury.worldbank.org.

74

World Bank Annual &Sustainability Reporting

IMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

The Annual Report provides insights and financial data on the World Bank’s activities and contributions to development
progress for the fiscal year. Information and results are presented thematically and by region, and fiscal year data ispresented separately for IBRD and IDA. The annual report also summarizes key sustainability considerations and dataon our operations and corporate practices. The World Bank also provides a climate-related disclosure, covering IBRD and

RESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

IDA, aligned with the recommendations of the Task Force on Climate-related Financial Disclosures, in the annual report.
Before FY22, starting in 2009, the World Bank Group was the first and only multilateral development bank to disclose
through the CDP (formerly known as Carbon Disclosure Project), which covers climate change management, climatechange risks and opportunities, GHG emissions accounting, and energy and fuel use.

The World Bank Corporate Responsibility Strategic Plan focuses on the World Bank’s efforts to review mandates
and progress on corporate responsibility at the World Bank; evaluate the current corporate responsibility landscapeand trends; engage stakeholders for input on corporate responsibility issues; identify implementation priorities; andestablish a rolling three-year implementation plan for corporate responsibility.

The World Bank Group Corporate Scorecards have provided an overarching view of the results and performanceindicators of three institutions: IBRD and IDA presented collectively, IFC, and MIGA. The World Bank Groupis developing a new Corporate Scorecard to track progress on our new vision and mission. For the first time,
the work of all World Bank Group financing institutions will be tracked through the same set of indicators.
The new scorecard will track the Bank’s vision of ending poverty on a livable planet. The new scorecard will be

EXTERNAL
REVIEW

implemented in phases, representing an important milestone for the World Bank Group to redouble its focus on
accountability and impact.

75This World Bank GRI Index is an inventory of the sustainability considerations used in World Bank lending and analyticalservices as well as our corporate practices. This sustainability disclosure index was prepared in accordance with the GRI
Standards. The GRI Index covers activities carried out during the World Bank’s fiscal year (July 1 to June 30).

IMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

sustainability initiatives through the lens of the World Bank’s Core Values: Impact, Integrity, Respect, Teamwork, andInnovation. These Core Values and the Code of Ethics have been the foundation of the World Bank’s work and sets thehighest standards of behaviors, actions, and mindset.

SUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

The World Bank’s biennial Sustainability Review reflects on the work of the World Bank’s operations and corporate

The latest World Bank sustainability reports are available on the Sustainability Reporting website. More information on
how the World Bank manages its internal operations to safeguard the wellbeing of staff, ecosystems, communities, and

EXTERNAL
REVIEWRESOURCES

the economies where we work is available on the World Bank’s corporate responsibility website.

76

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Accountability Mechanisms
Several key groups hold the World Bank accountable to our clients and shareholders, ensure the highest performancestandards in development effectiveness, protect the integrity of the projects financed, and continually improve the

IMPACT

efficacy of our internal operations.
• The Accountability Mechanism was established by the World Bank’s Board of Directors in 2020. It isindependent from World Bank management, reporting directly to the Board, and houses both the Inspection
Panel and the new Dispute Resolution Service, which was also created in 2020. The Accountability
Mechanism is headed by a secretary tasked with overseeing the processing of complaints, which may be
addressed through a compliance investigation carried out by the Inspection Panel or by a dispute resolution
ISSUANCE
PROGRAMS

process facilitated by the Dispute Resolution Service. The Accountability Mechanism provides an avenue forindividuals and communities who believe they have been or are likely to be harmed by a project funded by
IBRD or IDA to express their concerns and have them reviewed and addressed. The Inspection Panel’s annual
reports are available online at inspectionpanel.org.
• The Group Internal Audit (GIA) provides independent, objective, and insightful risk-based assurance andadvice to protect and enhance the value of the World Bank Group. GIA provides senior management and

SUSTAINABLE
DEVELOPMENT GOALS

the Board with an independent view and reasonable assurance that processes for managing and controllingrisks—as well as their overall governance—are adequately designed and functioning effectively. GIA’s annual
and quarterly reports are available online at worldbank.org/internalaudit.
• The Grievance Redress Service (GRS) is an avenue for individuals and communities to submit complaints
directly to World Bank management if they believe a World Bank-supported project has or is likely tohave adverse effects on them, their community, or their environment. The GRS enhances the World Bank’s
responsiveness and accountability by enabling individuals and communities to engage with the World Bankand borrowing countries to address issues that have not been resolved by project-level grievance mechanisms.
Its annual reports are available online at https://www.worldbank.org/en/projects-operations/products-and-

EXTERNAL
REVIEWRESOURCES

services/grievance-redress-service.
• The Independent Evaluation Group (IEG) aims to strengthen the World Bank Group’s development
effectiveness through evaluations that assess results and performance and provide recommendations for
improvements. IEG’s evaluations contribute to accountability and learning, helping inform the World Bank
Group’s directions, policies and procedures, and country partnership frameworks. IEG reports are available
online at ieg.worldbankgroup.org.

FOREWORD

The World Bank Impact Report 2023

• The Integrity Vice Presidency (INT) investigates allegations of fraud, corruption, collusion, coercion, andobstruction in World Bank Group–financed projects, including those involving World Bank Group staff andcorporate vendors. INT’s annual report is available online at worldbank.org/en/about/unit/integrity-vicepresidency.
The World Bank monitors IBRD’s operational performance through the World Bank Corporate Scorecard and regular

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTION

opportunities to discuss progress on operations with the World Bank’s Executive Directors. The World Bank Corporate
Scorecard is available online at scorecard.worldbank.org.
Boards of Directors’ work programs, calendars, and meeting minutes are available at worldbank.org/en/about/leadership/directors.

77

SECTION

7

External Review

Photo by John Hogg/World Bank

79

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Deloitte & Touche LLP
7900 Tysons One Place
Suite 800
McLean, VA 22102
USA
Tel: +1 703 251 1000
Fax: +1 703 251 3400
www.deloitte.com

INDEPENDENT ACCOUNTANT’S REPORT
President and Board of Executive Directors
International Bank for Reconstruction and Development:
We have reviewed management of the International Bank of Reconstruction and Development’s (“IBRD”)
assertion that for loans that had commitments or disbursements during the year ended June 30, 2023,$38.6 billion was committed, net, and $25.5 billion was disbursed, net, by IBRD for World Bank Projects
during the one-year period ended June 30, 2023; and that for loans that had commitments or
disbursements during the year ended June 30, 2023, $153.5 billion was cumulatively committed, net ofcancellations and terminations, and $75.9 billion was cumulatively disbursed, net of refunds, over the lifeof the loan, by IBRD for World Bank Projects; as listed and defined in the World Bank Projects Commitment
and Disbursement Schedule (the “Schedule”). Our responsibility is to express a conclusion on
management’s assertion based on our review.
Our review was conducted in accordance with attestation standards established by the American Instituteof Certified Public Accountants (“AICPA”). Those standards require that we plan and perform the review toobtain limited assurance about whether any material modifications should be made to the Schedule inorder for it to be presented in accordance with the definitions in the Schedule (the "Criteria”). The
procedures performed in a review vary in nature and timing from and are substantially less in extent than,an examination, the objective of which is to obtain reasonable assurance about whether the Schedule ispresented in accordance with the Criteria, in all material respects, in order to express an opinion.
Accordingly, we do not express such an opinion. Because of the limited nature of the engagement, the levelof assurance obtained in a review is substantially lower than the assurance that would have been obtained
had an examination been performed. We believe that the review evidence obtained is sufficient andappropriate to provide a reasonable basis for our conclusion.
We are required to be independent and to meet our other ethical responsibilities in accordance with
relevant ethical requirements related to the engagement.
The procedures we performed were based on our professional judgement. In performing our review, we
performed analytical procedures, inquiries, and other procedures as we considered necessary in thecircumstances. For selections of the projects listed in the Schedule, we performed tests of mathematicalaccuracy of computations and compared the commitments and disbursements to underlying records.
Information included on Page 1 through 78 and Page 108 of the World Bank IBRD Impact Report were notsubject to our review and, accordingly, we do not express a conclusion or any form of assurance on suchinformation. Further, any information relating to forward-looking statements, targets, goals, progress

EXTERNALREVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

against goals, and linked information was not subject to our review and, accordingly, we do not express a
conclusion or any form of assurance on such information.
Based on our review, we are not aware of any material modifications that should be made to management’s
assertion that for loans that had commitments or disbursements during the year ended June 30, 2023,$38.6 billion was committed, net, and $25.5 billion was disbursed, net, by IBRD for World Bank Projects
during the one-year period ended June 30, 2023; and that for loans that had commitments or
disbursements during the year ended June 30, 2023, $153.5 billion was cumulatively committed, net ofcancellations and terminations, and $75.9 billion was cumulatively disbursed, net of refunds, as presented
in the Schedule are in accordance with the Criteria described in the Notes of the Schedule.

June 20th, 2024

80

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Management’s Assertion Regarding Commitments andDisbursements for World Bank Projects
The International Bank for Reconstruction and Development (“IBRD” or “World Bank”) is responsible for thecompleteness, accuracy, and validity of the World Bank Projects Commitment and Disbursement Schedule (the“Schedule”). IBRD management asserts that for loans that had commitments or disbursements during the year ended

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

June 30, 2023, USD$ 38.6 billion was committed and USD$ 25.5 billion was disbursed by IBRD for World Bank Projects
during the one-year period ended June 30, 2023 (as listed in the Schedule). Additionally, IBRD management assertsthat for loans that had commitments or disbursements during the year ended June 30, 2023, USD$ 153.5 billion wascommitted and USD$ 75.9 billion was disbursed, cumulatively over the life of the loan, by IBRD for World Bank Projects(as listed in the Schedule).

World Bank Projects Commitment and Disbursement Schedule#

Project ID

Project Name

ApprovalFY

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Country

Region

55

55

-

-

1

P174595

Building Resilient Bridges

2023

Albania

EUROPE AND
CENTRAL ASIA

2P177845

Improving Equitable Access to HighStandard Public Services through GovTech

2023

Albania

EUROPE AND
CENTRAL ASIA

65

65

-

-

3

P178202First Resilience and Green
Development - DPL

2023

Albania

EUROPE AND
CENTRAL ASIA

120

120

-

-

4

P178715

Climate Resilience and Agriculture
Development Project

2023

Albania

EUROPE AND
CENTRAL ASIA

70

70

-

-

5

P122233

Social Assistance Modernization Project

2012

Albania

EUROPE AND
CENTRAL ASIA

59.97

-

54.88

2.51

6

P132982

Results-based Road Maintenanceand Safety Project

2015

Albania

EUROPE AND
CENTRAL ASIA

80

-

57.57

-6.14

7

P144688

Health System Improvement Project

2015

Albania

EUROPE AND
CENTRAL ASIA

69.5

-

24.36

2.77

8

P155875

Project for Integrated Urban andTourism Development (PIUTD)

2017

Albania

EUROPE AND
CENTRAL ASIA

105.6

-

38.21

9.62

9

P163239

Regional and Local Roads Connectivity

2018

Albania

EUROPE AND
CENTRAL ASIA

50

-

38.28

4.29

10

P170891

Albania National Water Supply andSanitation Sector Modernization Program

2022

Albania

EUROPE AND
CENTRAL ASIA

75

-

0.18

0.18

11

P174101

Albania Emergency COVID-19
Response Project

2021

Albania

EUROPE AND
CENTRAL ASIA

16.8

-

17.07

0.66

12

P178040

Angola Strengthening Governance forEnhanced Service Delivery Project2023

AngolaEASTERN AND
SOUTHERNAFRICA

250

250

-

-

13

P179512Angola First Green, Resilient,
Inclusive Growth and Diversification
Development Policy Financing

2023

AngolaEASTERN AND
SOUTHERNAFRICA

500

500

-

-

14

P180631

Human Resources capacity for
Universal Health Coverage in Angola

2023

AngolaEASTERN AND
SOUTHERNAFRICA

200

200

-

-

15

P178035

Accelerating Economic Diversification
and Job Creation Project2023

AngolaEASTERN AND
SOUTHERNAFRICA

300

300

-

-

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionSecond Water Sector Institutional
Development Project

2017

AngolaEASTERN AND
SOUTHERNAFRICA350-

103.92

31.35

P154447

Smallholder Agriculture Development
and Commercialization Project

2017

AngolaEASTERN AND
SOUTHERNAFRICA

70

-

68.30

1.93

18

P157671

Angola Statistics Project

2017

AngolaEASTERN AND
SOUTHERNAFRICA

62

-

60.06

5.16

19

P159052

Angola Commercial Agriculture
Development Project (PDAC)

2018

AngolaEASTERN AND
SOUTHERNAFRICA

130

-

37.63

12.36

20

P160948

Angola Health System PerformanceStrengthening Project (HSPSP)

2018

AngolaEASTERN AND
SOUTHERNAFRICA

110-

105.472.02

21P164486

Agricultural Productivity Program forSouthern Africa - Angola & Lesotho

2019

AngolaEASTERN AND
SOUTHERNAFRICA

25

-

10.85

5.69

22

P166805

Angola - Electricity Sector
Improvement and Access Project

2021

AngolaEASTERN AND
SOUTHERNAFRICA

250

-

3.79

2.11

23

P167817

Regional Disease Surveillance Systems
Enhancement Project (REDISSE) Phase IV

2020

AngolaEASTERN AND
SOUTHERNAFRICA

60

-

28.13

13.88

24

P168699

Girls Empowerment andLearning for All Project

2021

AngolaEASTERN AND
SOUTHERNAFRICA

250

-

19.14

8.07

25

P169779

Strengthening the National Social
Protection System Project (Cash Transfer)

2020

AngolaEASTERN AND
SOUTHERNAFRICA

320-

218.72130.4326

P169983

Third Angola Growth and Inclusion
Development Policy Financing

2022

AngolaEASTERN AND
SOUTHERNAFRICA

500

-

500

500

27

P176630

Angola COVID-19 Strategic
Preparedness And Response Project2022

AngolaEASTERN AND
SOUTHERNAFRICA

150

-

97.84

19.88

28

P177004

Climate Resilience and Water
Security in Angola-RECLIMA

2022

AngolaEASTERN AND
SOUTHERNAFRICA

300

-

0.72

0.72

29

P177305

Smallholder Agricultural
Transformation Project2022

AngolaEASTERN AND
SOUTHERNAFRICA

300

-

0.75

0.75

30

P178043

Angola Strengthening Statistical Capacity2022

AngolaEASTERN AND
SOUTHERNAFRICA

60

-

0.15

0.15

31

P157715

OECS MSME Guarantee Facility Project

2019

Antigua andBarbudaLATIN AMERICAAND CARIBBEAN

2

-

1.89

0.06

32

P175143

Innovation Program for
Smart Growth (PINCRI)

2023

Argentina

LATIN AMERICAAND CARIBBEAN

200

200

40.5

40.5

33

P170329

Social Safety Nets for
Vulnerable Populations in theProvince of Buenos Aires

2020

Argentina

LATIN AMERICAAND CARIBBEAN

200

50

152.31

21.81

34

P178609

Strengthening data infrastructure toclose the digital gap in Argentina Project2023

Argentina

LATIN AMERICAAND CARIBBEAN

200

200

-

-

35

P179636

Second Habitat and Urban Land Project2023

Argentina

LATIN AMERICAAND CARIBBEAN

150

150

-

-

36

P168911

Improving Inclusion in Secondaryand Higher Education

2019

Argentina

LATIN AMERICAAND CARIBBEAN

641

300

345.46158.7937

P178534

Climate Resilient Infrastructure for
Urban Flood Risk Management Project2023

Argentina

LATIN AMERICAAND CARIBBEAN

200

200

-

-

38

P178553

Clean Energy for Vulnerable Households
and Communities Project2023

Argentina

LATIN AMERICAAND CARIBBEAN

400

400

-

-

39

P179595

Program for Effective Universal
Health Coverage and National
Health System Integration

2023

Argentina

LATIN AMERICAAND CARIBBEAN

300

300

-

-

40

P105680

Matanza-Riachuelo Basin
Sustainable Development Project2009

Argentina

LATIN AMERICAAND CARIBBEAN

1228.03-1125.60

143.8441

P106685

AR Socio-Economic Inclusion
In Rural Areas

2015

Argentina

LATIN AMERICAAND CARIBBEAN

52.5

-

50.61

0.78

42

P125151

Plan Belgrano Water Supply andSanitation Services Development Project

2011

Argentina

LATIN AMERICAAND CARIBBEAN

200.31-200.31

10.17#

Project ID

Project Name

16

P151224

17

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionForests and Community

2015

Argentina

LATIN AMERICAAND CARIBBEAN

20.68

-

20.68

-0.00

P133193

Protecting Vulnerable People Against
Noncommunicable Diseases Project

2015

Argentina

LATIN AMERICAAND CARIBBEAN

303.82-303.8239.84

45P133195

Argentina Second Rural Education
Improvement Project - PROMER-II

2015

Argentina

LATIN AMERICAAND CARIBBEAN

241.74-241.74-3.99

46P133288

Argentina Renewable Energy
for Rural Areas Project

2015

Argentina

LATIN AMERICAAND CARIBBEAN

145.38

-

91.51

17.75

47

P145686

AR Flood Risk Management Support
Project for the City of Buenos Aires

2016

Argentina

LATIN AMERICAAND CARIBBEAN

200-

178.7716

48

P158791

Children and Youth Protection Project

2016

Argentina

LATIN AMERICAAND CARIBBEAN

1350

-

1349.56

121.2549

P159515

Access to Longer Term Finance for Micro,
Small and Medium Enterprises Project2017

Argentina

LATIN AMERICAAND CARIBBEAN

50

-

48.18

-0.06

50

P159843

Metropolitan Buenos Aires Urban
Transformation Project2017

Argentina

LATIN AMERICAAND CARIBBEAN

300-

182.4926

51

P159929

Integrated Habitat and Housing Project2017

Argentina

LATIN AMERICAAND CARIBBEAN

200-

161.2128.68

52P161798

Salado Integrated River BasinManagement Support Project2017

Argentina

LATIN AMERICAAND CARIBBEAN

300-

129.7511

53

P162316

Integrated Risk Management in the
Rural Agroindustrial System

2018

Argentina

LATIN AMERICAAND CARIBBEAN

150

-

32.19

13.60

54

P163345

Supporting Effective Universal
Health Coverage in Argentina

2018

Argentina

LATIN AMERICAAND CARIBBEAN

550-

438.6255.32

55

P172689

BUENOS AIRES WATER SUPPLY ANDSANITATION WITH A FOCUS ON
VULNERABLE AREAS PROGRAM

2021

Argentina

LATIN AMERICAAND CARIBBEAN

300

-

73.85

58.10

56

P174946

Digital Inclusion and Innovation in
Public Services in Argentina

2021

Argentina

LATIN AMERICAAND CARIBBEAN

80

-

21.71

17.51

57

P175138

Buenos Aires – Mitre Passenger
Railway Line Modernization Project

2021

Argentina

LATIN AMERICAAND CARIBBEAN

347

-

66.77

40.31

58

P175669

Sustainable Recovery of Landscapesand Livelihoods in Argentina Project2022

Argentina

LATIN AMERICAAND CARIBBEAN

45

-

4.55

4.55

59

P176781

Promoting Better Jobs throughIntegrated Labor and Skills Programs

2022

Argentina

LATIN AMERICAAND CARIBBEAN

250

-

51.22

50.60

60

P176905

Climate Intelligent and Inclusive
Agri-food Systems Project2022

Argentina

LATIN AMERICAAND CARIBBEAN

400

-

70.05

24.05

61

P178067

Buenos Aires – Belgrano Sur Passenger
Railway Line Modernization Project2022

Argentina

LATIN AMERICAAND CARIBBEAN

600

-

1.5

1.5

62

P176278

Green, resilient and inclusive DPO

2023

Armenia

EUROPE AND
CENTRAL ASIA

100

100

-

-

63

P116748

Electricity Supply Reliability Project

2011

Armenia

EUROPE AND
CENTRAL ASIA

70.07

-

57.85

0.41

64

P126782

LIFELINE ROAD NETWORKIMPROVEMENT PROJECT

2013

Armenia

EUROPE AND
CENTRAL ASIA

98.25

-

98.46

2.10

65

P128442

Disease Prevention and Control Project

2013

Armenia

EUROPE AND
CENTRAL ASIA

7.4

-

6.09

4.22

66

P130182

Education Improvement Project

2014

Armenia

EUROPE AND
CENTRAL ASIA

39.99

-

16.62

1.63

67

P133705

Second Community Agriculture Resource
Management and Competitiveness Project

2014

Armenia

EUROPE AND
CENTRAL ASIA

19.85

-

19.85

0.34

68

P146199

Electricity Transmission Network
Improvement Project

2015

Armenia

EUROPE AND
CENTRAL ASIA

39.86

-

27.79

0.40

69

P146994

Trade Promotion and Quality
Infrastructure

2015

Armenia

EUROPE AND
CENTRAL ASIA

48

-

28.11

6.08

70

P148836

Armenia Social Investment andLocal Development Project

2015

Armenia

EUROPE AND
CENTRAL ASIA

50

-

32.34

2.59

71

P149913

Third Public Sector Modernization Project

2016

Armenia

EUROPE AND
CENTRAL ASIA

20.29

-

20.29

1.82

72

P150327

Local Economy and Infrastructure
Development Project

2016

Armenia

EUROPE AND
CENTRAL ASIA

42.8

-

20.85

5.71

73

P176803

Fourth Public Sector
Modernization Project

2022

Armenia

EUROPE AND
CENTRAL ASIA

29.9

-

0.72

0.72

74

P144700

Judicial Services and Smart
Infrastructure Project2015

Azerbaijan

EUROPE AND
CENTRAL ASIA

150-

142.0312.82

75

P171250

Employment Support Project

2020

Azerbaijan

EUROPE AND
CENTRAL ASIA

100

-

40.76

20.94

#

Project ID

Project Name

43

P132846

44

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INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionRegional Connectivity andDevelopment Project2021

Azerbaijan

EUROPE AND
CENTRAL ASIA

65

-

18.62

18.37

P179112

Barbados Green and Resilient
Recovery DPL

2023

Barbados

LATIN AMERICAAND CARIBBEAN

100

100

100

100

78

P149697

Transit Corridor Improvement Project

2015

Belarus

EUROPE AND
CENTRAL ASIA

247.79-247.790.06

79P165651

Sustainable Energy Scale-Up Project

2020

Belarus

EUROPE AND
CENTRAL ASIA

15.15

-

15.27

-

80

P172592

Climate Resilient and Sustainable
Agriculture Project

2022

BelizeLATIN AMERICAAND CARIBBEAN

25

-

0.77

0.77

81

P177987

Belize COVID-19 Response Project

2022

BelizeLATIN AMERICAAND CARIBBEAN

6.2

-

1.99

1.99

1

P175672

Innovation for Resilient Food Systems(Alianzas Rurales - PAR III) Project2023

Bolivia

LATIN AMERICAAND CARIBBEAN

300

300

12.75

12.75

2

P127743

Rural Alliances Project II

2013

Bolivia

LATIN AMERICAAND CARIBBEAN

100

-

99.49

13.32

3

P144597

BO Road Sector Capacity
Development Project

2016

Bolivia

LATIN AMERICAAND CARIBBEAN

165.95-147.9213.37

4P152281

Santa Cruz Road Corridor Connector
Project (San Ignacio - San Jose)2017

Bolivia

LATIN AMERICAAND CARIBBEAN

200

-

84.11

37.93

5

P164453

Health Service Delivery Network Project

2018

Bolivia

LATIN AMERICAAND CARIBBEAN

252-

124.02-14.40

6

P176895

Second Employment Support Project2023

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

43.2

43.2

-

-

7

P175191

BiH Health Sectors Programmatic
Development Policy Loan

2023

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

100

100

-

-

EUROPE AND
CENTRAL ASIA

50

50

-

-

#

Project ID

Project Name

76

P174379

77

8

P176040

Air Quality Improvement Project2023

Bosnia andHerzegovina

9

P128950

Real Estate Registration Project

2013

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

22.4

-

14.90

5.69

10

P143580

Energy Efficiency Project

2014

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

32

-

27.34

6.07

11

P152347

Bosnia and Herzegovina
Employment Support Program

2017

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

54.21

-

55.64

2.88

12

P152406

Federation Road Sector
Modernization Project2017

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

64.6

-

60.25

10.89

13

P174604

BiH Firm Recovery and Support Project2021

Bosnia andHerzegovina

EUROPE AND
CENTRAL ASIA

65.3

-

12.60

6.80

14

P176810

Botswana Programmatic Economic
Resilience and Green Recovery
Development Policy Loan II

2023

Botswana

EASTERN AND
SOUTHERNAFRICA

150

150

-

-

15

P160911

Emergency Water Security
and Efficiency Project2017

Botswana

EASTERN AND
SOUTHERNAFRICA

145.5

-

73.71

22.87

16

P178339

Progestão Mato Grosso: Public
Sector Management Efficiency

2023

BrazilLATIN AMERICAAND CARIBBEAN

40

40

-

-

17

P177070

Progestão Alagoas: Public Sector
Management Efficiency

2023

BrazilLATIN AMERICAAND CARIBBEAN

40

40

-

-

18

P178888

Brazil Climate Finance Project2023

BrazilLATIN AMERICAAND CARIBBEAN

500

500

-

-

19

P178072

Green, Resilient and Inclusive
Regeneration of the Central
Area of Porto Alegre

2023

BrazilLATIN AMERICAAND CARIBBEAN

84.55

84.55

-

-

20

P176982

Brazil: Espirito Santo Water
Security Management Project2023

BrazilLATIN AMERICAAND CARIBBEAN

86.1

86.1

-

-

21

P088966

BR Municipal APL: Teresina
Enhancing Municipal Governanceand Quality of Life Project2008

BrazilLATIN AMERICAAND CARIBBEAN

51.91

-

51.91

-0.47

22

P107146

Acre Social and Economic Inclusion
and Sustainable Development
Project - PROACRE

2009

BrazilLATIN AMERICAAND CARIBBEAN

191.28-191.28-1.11

23P111996

Upgrading and Greening the Riode Janeiro Urban Rail System

2010

BrazilLATIN AMERICAAND CARIBBEAN

658.76-658.76

21.39

24P120830

Rio Grande do Sul SWAp

2012

BrazilLATIN AMERICAAND CARIBBEAN

474.48-474.48-1.13

25

P126452

Rio Grande do Norte: Regional
Development and Governance2013

BrazilLATIN AMERICAAND CARIBBEAN

360-

359.83

57.43

85

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionBR Espirito Santo Integrated Sustainable
Water Management Project2014

BrazilLATIN AMERICAAND CARIBBEAN

172.4

-

114.26

40.62

P147158

Paraiba Sustainable Rural Development

2018

BrazilLATIN AMERICAAND CARIBBEAN

50

-

25.18

17.74

28

P147272BAHIA ROAD REHABILITATION AND
MAINTENANCE PROJECT - 2ND PHASE

2016

BrazilLATIN AMERICAAND CARIBBEAN

193.35-193.35

4.09

29

P153012

Fortaleza Sustainable Urban
Development Project

2017

BrazilLATIN AMERICAAND CARIBBEAN

73.3

-

21.08

10

30

P162033

Salvador Social Multi-Sector
Service Delivery Project

2018

BrazilLATIN AMERICAAND CARIBBEAN

125-

124.8320.49

31

P163868

Support to Upper Secondary
Reform in Brazil Operation2018

BrazilLATIN AMERICAAND CARIBBEAN

250-

171.1340

32

P165055

Ceará Water Security and Governance2020

BrazilLATIN AMERICAAND CARIBBEAN

139.88

-

26.33

7.41

33

P165695

SABESP - IMPROVING WATERSERVICE ACCESS AND SECURITY
IN THE METROPOLITAN REGION
OF SÃO PAULO PROJECT

2019

BrazilLATIN AMERICAAND CARIBBEAN

250

-

23.16

21.96

34

P167455

Ceara Rural Sustainable Development
and Competitiveness Phase II

2020

BrazilLATIN AMERICAAND CARIBBEAN

100

-

25.41

9.06

35

P168634

Parana Public Sector Modernization andInnovation for Service Delivery Operation

2022

BrazilLATIN AMERICAAND CARIBBEAN

130

-

30.13

30.13

36

P169134

Improving Mobility and Urban Inclusion in
the Amazonas Corridor in Belo Horizonte

2020

BrazilLATIN AMERICAAND CARIBBEAN

80

-

1.04

1.04

37

P170850

Energy and Mineral Sectors
Strengthening Project II

2020

BrazilLATIN AMERICAAND CARIBBEAN

38

-

1.97

1.86

38

P172605

Salvador Social Multi-Sector
Service Delivery Project II

2021

BrazilLATIN AMERICAAND CARIBBEAN

125

-

26.21

0.89

39

P177632

BR State of Goias Sustainable
Recovery DPF

2022

BrazilLATIN AMERICAAND CARIBBEAN

470.17-470.17470.1740

P178729

Rio de Janeiro Adjustment andSustainable Development Policy Loan

2022

BrazilLATIN AMERICAAND CARIBBEAN

135.24-135.24135.2441

P150999

Cameroon Transport Sector
Development Project

2017

Cameroon

WESTERN
AND CENTRALAFRICA

192-

109.5332.81

42P152755

Electricity Transmission
and Reform Project

2017

Cameroon

WESTERN
AND CENTRALAFRICA

325-

129.9838.20

43P177533

Chile Green Hydrogen Facility to
Support a Green, Resilient andInclusive Economic Development

2023

Chile

LATIN AMERICAAND CARIBBEAN

150

150

-

-

44

P163437

Strengthening of State
Universities in Chile

2018

Chile

LATIN AMERICAAND CARIBBEAN

50.13

-

50.09

10.06

45

P176989

China Plastic Waste Reduction
Project (Shaanxi)

2023

China

EAST ASIA
AND PACIFIC

250

250

-

-

46

P178338

Yangtze River Protection and Ecological
Restoration Program for Results (Hubei)

2023

China

EAST ASIA
AND PACIFIC

200

200

-

-

47

P178907

China Green Agricultural and
Rural Revitalization Program for
Results (Hubei and Hunan)

2023

China

EAST ASIA
AND PACIFIC

345

345

-

-

48

P178796

Methane-Reducing and Water-Saving
Paddy Rice Program for Results (Hunan)

2023

China

EAST ASIA
AND PACIFIC

255

255

-

-

49

P129791

Fujian Fishing Ports Project

2014

China

EAST ASIA
AND PACIFIC

19.30

-

19.30

2.30

50

P132562

CN-Hubei Xiaogan Logistics Infrastructure

2016

China

EAST ASIA
AND PACIFIC

58.66

-

58.66

18.28

51

P132621

Yunnan Highway AssetManagement Project

2015

China

EAST ASIA
AND PACIFIC

141.99-141.99-0.19

52P133000

Huainan Mining Area
Rehabilitation Project

2015

China

EAST ASIA
AND PACIFIC

55.43

-

55.43

2.12

53

P133117

Chongqing Small Towns Water
Environment Management Project

2015

China

EAST ASIA
AND PACIFIC

79.66

-

79.66

-1.86

54

P133326

Poverty Alleviation and Agriculturebased Industry Pilot and Demonstrationin Poor Areas Project

2015

China

EAST ASIA
AND PACIFIC

148.31-148.31-1.69

55

P133456

Sichuan Chongqing Cooperation:
Guang’an Demonstration Area
Infrastructure Development Project

2015

China

EAST ASIA
AND PACIFIC

95.18

-

95.18

12.86

#

Project ID

Project Name

26

P130682

27

86

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionChina Economic Transformation andInstitutional Capacity Building

2014

China

EAST ASIA
AND PACIFIC

26

-

21.55

0.32

P147009

Jiangxi Farm Produce Distribution
System Development

2018

China

EAST ASIA
AND PACIFIC

150

-

90.41

31.48

58

P147381Zhuzhou Brownfield Remediation Project

2016

China

EAST ASIA
AND PACIFIC

52.13

-

52.13

1.76

59

P148071

Guizhou Tongren Rural Transport Project

2016

China

EAST ASIA
AND PACIFIC

149.86-149.86-0.02

60P148129

China: Tianjin Urban Transport
Improvement Project

2016

China

EAST ASIA
AND PACIFIC

100

-

100

27.50

61

P148294

Wuhan Integrated Transport Development

2016

China

EAST ASIA
AND PACIFIC

120

-

77.87

9.94

62

P148523

Hubei Jingzhou Historic Town
Conservation Project

2016

China

EAST ASIA
AND PACIFIC

65.78

-

65.78

5.32

63

P149485

Ningbo Sustainable Urbanization Project

2017

China

EAST ASIA
AND PACIFIC

150-

116.0923.23

64

P149528

CH-Second Gansu Cultural andNatural Heritage Protection
and Development Project

2017

China

EAST ASIA
AND PACIFIC

100

-

61.09

7.83

65

P153115

Hunan Integrated Management ofAgricultural Land Pollution Project

2018

China

EAST ASIA
AND PACIFIC

100

-

84.15

25.61

66

P153173

Anhui Road Maintenance Innovation
and Demonstration Project

2017

China

EAST ASIA
AND PACIFIC

150

-

80.04

15.04

67

P153473

Three Gorges Modern Logistics
Center Infrastructure Project

2017

China

EAST ASIA
AND PACIFIC

200-

101.8451.28

68P153541

Shaanxi Poor Rural Areas
Community Development Project

2017

China

EAST ASIA
AND PACIFIC

100

-

100

16.72

69

P153548

Lushan Earthquake Reconstruction
and Risk Reduction Project

2017

China

EAST ASIA
AND PACIFIC

300-

254.6350.96

70P153604

Poyang Lake Basin Town Water
Environment Management Project

2017

China

EAST ASIA
AND PACIFIC

135.90-135.9053.62

71

P153892

Guangxi Rural Poverty
Alleviation Pilot Project

2017

China

EAST ASIA
AND PACIFIC

100

-

81.92

29.08

72

P154621

China: Guangdong Compulsory
Education Project

2018

China

EAST ASIA
AND PACIFIC

120-

116.6830.46

73

P154623

China: Gansu Technical and Vocational
Education and Training Project

2017

China

EAST ASIA
AND PACIFIC

120

-

120

38.44

74

P154669

Innovative Financing for Air
Pollution Control in Jing-Jin-Ji

2016

China

EAST ASIA
AND PACIFIC

410.41-429.7218.67

75

P154694

Building a Modern Fiscal System
Technical Assistance

2016

China

EAST ASIA
AND PACIFIC

16.5

-

13.43

1.54

76

P154716

Anhui Aged Care System
Demonstration Project

2018

China

EAST ASIA
AND PACIFIC

118

-

35.59

6.27

598.09-598.09-1.16#

Project ID

Project Name

56

P14427057

77

P154984

China Health Reform Program

2017

China

EAST ASIA
AND PACIFIC

78

P158124

Green Urban Financing andInnovation Project

2019

China

EAST ASIA
AND PACIFIC

200

-

36.10

0.10

79

P158215

Gansu Revitalization andInnovation Project

2019

China

EAST ASIA
AND PACIFIC

180

-

41.05

17.55

80

P158622

Hezhou Urban Water Infrastructure andEnvironment Improvement Project

2018

China

EAST ASIA
AND PACIFIC

150

-

36.53

15.53

81

P158713China: Liaoning Safe and Sustainable
Urban Water Supply Project

2018

China

EAST ASIA
AND PACIFIC

150.70-120.5523.53

82

P158717

China: Hubei Inland Waterway
Improvement Project

2018

China

EAST ASIA
AND PACIFIC

150-

129.8546.65

83

P158733

Anhui Rural Road Resilience
Program for Results

2019

China

EAST ASIA
AND PACIFIC

200

-

200

40.00

84

P158760

Jiangxi Integrated Rural and Urban
Water Supply and Wastewater
Management Project

2018

China

EAST ASIA
AND PACIFIC

200-

133.7632.29

85

P159870

Zhejiang Qiandao Lake and Xin’an River
Basin Water Resources and Ecological
Environment Protection Project

2018

China

EAST ASIA
AND PACIFIC

150

-

81.13

13.84

86

P162349

Guizhou Aged Care System
Development Program

2019

China

EAST ASIA
AND PACIFIC

350-

109.902.63

87

P162623

Shaanxi Sustainable Towns
Development Project

2019

China

EAST ASIA
AND PACIFIC

100

-

45.61

25.80

87

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionChina Renewable Energy and Battery
Storage Promotion Project

2019

China

EAST ASIA
AND PACIFIC

300

-

67.50

10.76

P164047

Forest Ecosystem Improvementin the Upper Reaches of Yangtze
River Basin Program

2020

China

EAST ASIA
AND PACIFIC

150-

117.9343.07

P168061

HUBEI SMART AND SUSTAINABLE
AGRICULTURE PROJECT

2020

China

EAST ASIA
AND PACIFIC

150

-

1.09

1.09

91

P172325

Hunan Subnational Governanceand Rural Public Service Delivery
Program for Results

2021

China

EAST ASIA
AND PACIFIC

200

-

66.65

19.49

92

P174267

China Plastic Waste Reduction Project

2021

China

EAST ASIA
AND PACIFIC

427.09

-

0.97

0.97

93

P180033

Colombia Green and Resilient DPO

2023

Colombia

LATIN AMERICAAND CARIBBEAN

1000

1000

1000

1000

94

P180566

Equitable and Green Path
Development Policy Financing

2023

Colombia

LATIN AMERICAAND CARIBBEAN

750

750

-

-

95

P123879

Subnational Institutional Strengthening

2014

Colombia

LATIN AMERICAAND CARIBBEAN

70

-

48.97

3.93

96

P156880

Enhancing Waterway Connectivity
and Water Service Provision in
Colombia’s Plan Pazcifico

2018

Colombia

LATIN AMERICAAND CARIBBEAN

41.9

-

6.26

2.72

97

P162594

Multipurpose Cadaster Project

2019

Colombia

LATIN AMERICAAND CARIBBEAN

100

-

28.08

8.26

98

P165300

Support to the Bogota Metro Line
1 Section 1 Project - (Series 1)

2019

Colombia

LATIN AMERICAAND CARIBBEAN

70

-

0.07

0.07

99

P169866

Improving Quality of Health Care
Services and Efficiency in Colombia

2020

Colombia

LATIN AMERICAAND CARIBBEAN

150-

114.0612.96

100

P176006

Program for improving learning outcomesand socioemotional education (PROMISE)

2022

Colombia

LATIN AMERICAAND CARIBBEAN

80

-

29.3

29.3

101

P176650

Third Disaster Risk Management
Development Policy Loan with a Cat DDO

2022

Colombia

LATIN AMERICAAND CARIBBEAN

300

-

300

300

102

P177468

Accelerating GovernanceInstitutional Reforms for sustainable
services (AGIR) in RoC

2023

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

45

45

-

-

103

P177786

Climate-Resilient and Inclusive
Livelihoods Project (ProClimat Congo)

2023

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

70

70

-

-

104

P106975

Rep. of Congo - Water, Electricity& Urban Development SIL (LEN)2010

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

34.76

-

34.76

-0.05

105

P133731

CG-Statistics Capacity Building Project2014

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

25

-

22.34

1.98

106

P146933

Urban Development and Poor
Neighborhood Upgrading Project2016

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

80

-

78.17

9.92

107

P161590

Support to Enterprise Development
and Competitiveness Project

2018

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

25

-

21.36

5.95

108

P175592

Congo Digital Acceleration Project2022

Congo,
Republic of

WESTERN
AND CENTRALAFRICA

100

-

3.42

3.42

109

P179861

Second Costa Rica Disaster
Risk Management Development
Policy Loan with a CAT DDO

2023

Costa Rica

LATIN AMERICAAND CARIBBEAN

160

160

-

-

110

P177029

Costa Rica Third Fiscal and
Decarbonization Management DPL

2023

Costa Rica

LATIN AMERICAAND CARIBBEAN

500

500

-

-

111

P148435

Strengthening Universal Health
Insurance in Costa Rica

2016

Costa Rica

LATIN AMERICAAND CARIBBEAN

420

-

420

30

112

P168475

Costa Rica Sustainable Fisheries
Development Project2020

Costa Rica

LATIN AMERICAAND CARIBBEAN

75.10

-

5.19

5

113

P172352

Costa Rica Fiscal Management
Improvement Project2020

Costa Rica

LATIN AMERICAAND CARIBBEAN

156.64

-

8.11

2.76

114

P174786

Costa Rica Second Fiscal and
Decarbonization Management DPL

2021

Costa Rica

LATIN AMERICAAND CARIBBEAN

300

-

300

300

115

P158810

Cashew Value Chain
Competitiveness Project

2018

Cote d’Ivoire

WESTERN
AND CENTRALAFRICA200-

141.0731.81

116

P180755

Digital, Innovation, and GreenTechnology Project2023

Croatia

EUROPE AND
CENTRAL ASIA

116.4

116.4

-

-

#

Project ID

Project Name

88

P163679

89

90

88

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionIntegrated Land Administration
System Project

2012

Croatia

EUROPE AND
CENTRAL ASIA

47.87

-

41.39

4.34

P147499

Sustainable Croatian Railways in Europe

2015

Croatia

EUROPE AND
CENTRAL ASIA

183.35-178.44

3.45

119

P167247

Justice for Business Project

2020

Croatia

EUROPE AND
CENTRAL ASIA

110.3

-

48.71

35.82

120

P170178

Croatia: Towards Sustainable, Equitable
and Efficient Education Project2022

Croatia

EUROPE AND
CENTRAL ASIA

28.9

-

2.85

2.28

121

P172024

Helping Enterprises Access Liquidity
in the Republic of Croatia

2021

Croatia

EUROPE AND
CENTRAL ASIA

242.1

-

42.62

21.55

122

P173998

Earthquake Recovery and Public
Health Preparedness Project

2020

Croatia

EUROPE AND
CENTRAL ASIA

200

-

14.38

12.07

123

P178122

Dominican Republic Second DRM
Development Policy Loan with a
Catastrophe Deferred Drawdown Option

2023

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

230

230

-

-

124

P180163

Dominican Republic Emergency
Response and Resilience Project2023

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

200

200

-

-

125

P177823

Dominican Republic Water Sector
Modernization Program2023

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

250

250

-

-

126

P178570

Second Electricity Reform for Sustainable
Growth Development Policy Loan

2023

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

400

400

-

-

127

P179440

Integrated Social Protection Inclusion
and Resilience Project (INSPIRE)

2023

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

100

100

-

-

128

P146831

Support to the National
Education Pact Project

2016

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

50

-

45

5.88

129

P147213

INTEGRATED SOCIAL PROTECTION
AND PROMOTION PROJECT

2015

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

74.39

-

74.39

1.22

130

P147277

Distribution Grid Modernizationand Loss Reduction Project

2016

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

112.22-112.22

16.17

131

P163260

DR Resilient Agriculture and Integrated
Water Resources Management

2019

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

80

-

9.17

8.97

132

P171778

Water Supply and Wastewater
Services Improvement Project

2021

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

43.5

-

1.61

0.8

133

P175874

Electricity Reform for Sustainable
Growth Development Policy Loan

2022

Dominican
Republic

LATIN AMERICAAND CARIBBEAN

400

-

400

400

134

P178636

Ecuador Second Green and Resilient
Recovery DPF (EGARR DPF-2)

2023

EcuadorLATIN AMERICAAND CARIBBEAN

500

500

500

500

135

P181079

Ecuador: Emergency Resilient
Reconstruction Project2023

EcuadorLATIN AMERICAAND CARIBBEAN

150

150

-

-

136

P172899

Promoting Access to Finance for
Productive Purposes for MSMEs

2021

EcuadorLATIN AMERICAAND CARIBBEAN

560

300

235

115

137

P144489

Quito Metro Line One

2014

EcuadorLATIN AMERICAAND CARIBBEAN

435-

431.28

3.76

138

P147280

EC Ibarra Transport Infrastructure
Improvement Project

2016

EcuadorLATIN AMERICAAND CARIBBEAN

52.5

-

31.32

3.36

139

P151439

EC Guayaquil Wastewater
Management Project

2015

EcuadorLATIN AMERICAAND CARIBBEAN

336.1

-

162.6834.54

140

P151963

Ecuador - Sustainable Family
Farming Modernization Project

2016

EcuadorLATIN AMERICAAND CARIBBEAN

37.85

-

30.43

2.45

141

P152096

Supporting Education Reformin Targeted Circuits

2016

EcuadorLATIN AMERICAAND CARIBBEAN

125.3

-

116.0145.02

142

P157425

Transformation of the Tertiary Technicaland Technological Institutes Project

2017

EcuadorLATIN AMERICAAND CARIBBEAN

52.1

-

36.12

5.9

143

P167416

Social Safety Net Project

2019

EcuadorLATIN AMERICAAND CARIBBEAN

550-

297.56

7.68

144

P173283

Territorial Economic Empowerment
for the Indigenous, Afro-Ecuadorians
and Montubian Peoples andNationalities (TEEIPAM)

2021

EcuadorLATIN AMERICAAND CARIBBEAN

40

-

0.70

0.61

145

P173773

Ecuador COVID-19 Emergency
Response and Vaccination Project

2020

EcuadorLATIN AMERICAAND CARIBBEAN

270-

209.0845.14

146

P178564

Strengthening the National Statistical
System in Ecuador Project2022

EcuadorLATIN AMERICAAND CARIBBEAN

80

-

36.55

36.55

147

P177932

Cairo Alexandria Trade Logistics
Development Project

2023

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

400

400

-

-

#

Project ID

Project Name

117

P122219

118

89

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023#

Project ID

Project Name

148

P179665

Takaful and Karama Cash Transfer
Expansion and Systems Building Project

149

P145699

150

ApprovalFY

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Country

Region2023

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

500

500

-

-

Strengthening Social Safety Net Project

2015

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

900-

899.9488.69

P146007

EG: Household Natural Gas
Connection Project

2015

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

290.87-290.87-0.22

151

P150993

Inclusive Housing Finance Program

2015

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

1000-

638.8694.98

152

P154112

Sustainable Rural Sanitation
Services Program for Results

2016

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

850-

721.16

0.67

153

P157809

Supporting Egypt Education
Reform Project

2018

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA500-

282.15

8.55

154

P162835

Catalyzing Entrepreneurshipfor Job Creation

2019

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

200-

168.3213.07

155

P167000

Transforming Egypt’s
Healthcare System Project

2018

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

530-

323.766.54

156

P172548

Greater Cairo Air Pollution Management
and Climate Change Project

2021

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

200

-

15.94

0.37

157

P173912Egypt COVID-19 Emergency Response

2020

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

50

-

49.75

6.82

158

P175137

Railway Improvement and
Safety for Egypt Project

2021

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA

440

-

92.84

26.90

159

P178926

Emergency Food Security and
Resilience Support Project2022

Egypt, Arab
Republic of

MIDDLE EAST
AND NORTH
AFRICA500-

370.50370.50160

P178734

El Salvador Water Sector
Resilience Project2023

El Salvador

LATIN AMERICAAND CARIBBEAN

100

100

-

-

161

P169125

El Salvador Local Economic
Resilience Project2019

El Salvador

LATIN AMERICAAND CARIBBEAN

200

-

19.97

10

162

P169677

Growing up Healthy Together:
Comprehensive Early Childhood
Development in El Salvador

2020

El Salvador

LATIN AMERICAAND CARIBBEAN

250

-

37.73

36.6

163

P173872

El Salvador COVID-19 Emergency
Response Project

2020

El Salvador

LATIN AMERICAAND CARIBBEAN

170-

147.56110.77164

P166170

Network Reinforcement
and Access Project

2019

Eswatini

EASTERN AND
SOUTHERNAFRICA

40

-

14.95

3.91

165

P166697

Kingdom of Eswatini: Water Supply
and Sanitation Access Project

2020

Eswatini

EASTERN AND
SOUTHERNAFRICA

45

-

10.81

6.79

166

P168564

Health System Strengthening for Human
Capital Development in Eswatini

2020

Eswatini

EASTERN AND
SOUTHERNAFRICA

20

-

8.30

4.14

167

P173151

Strengthening Early Childhood
Development and Basic Education
Systems to Support Human Capital
Development in Eswatini Project2022

Eswatini

EASTERN AND
SOUTHERNAFRICA

27.35

-

0.07

0.07

168

P173883

Eswatini COVID-19 Emergency
Response Project

2020

Eswatini

EASTERN AND
SOUTHERNAFRICA

11

-

9.33

1.33

169

P150028

Fiji Transport Infrastructure
Investment Project

2015

Fiji

EAST ASIA
AND PACIFIC

50

-

37.09

16.74

170

P175543

Fiji Recovery and Resilience Second
Development Policy Operation

2022

Fiji

EAST ASIA
AND PACIFIC

50

-

50

50

171

P132824

eGabon

2016

Gabon

WESTERN
AND CENTRALAFRICA

56

-

30.33

0.30

172

P144135

Access to Basic Services in Rural
Areas and Capacity Building Project

2016

Gabon

WESTERN
AND CENTRALAFRICA

60

-

55.25

19.26

90

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionGabon - Skills Development
and Employability Project

2016

Gabon

WESTERN
AND CENTRALAFRICA

63.12

-

65.98

8.36

P157473

Gabon Statistical Development Project

2017

Gabon

WESTERN
AND CENTRALAFRICA

50

-

44.43

5.63

175

P173927GABON COVID-19 Strategic Preparedness
and Response Project (SPRP)

2020

Gabon

WESTERN
AND CENTRALAFRICA

21

-

9.34

0.00

176

P175629

Georgia Resilient Agriculture,
Irrigation, and Land Project2023

Georgia

EUROPE AND
CENTRAL ASIA

75

75

-

-

177

P177797

First Green and Resilient Georgia
Development Policy Operation

2023

Georgia

EUROPE AND
CENTRAL ASIA

50

50

0.13

0.13

178

P133828

Irrigation and Land Market
Development Project2014

Georgia

EUROPE AND
CENTRAL ASIA

20.4

-

12.92

6.00

179

P147348

Transmission Grid Strengthening Project2014

Georgia

EUROPE AND
CENTRAL ASIA

60

-

58.01

-1.49

180

P147521

Second Regional and Municipal
Infrastructure Development Project2015

Georgia

EUROPE AND
CENTRAL ASIA

70.6

-

52.29

15.36

181

P149952

East-West Highway Corridor Improvement

2016

Georgia

EUROPE AND
CENTRAL ASIA

160-

110.8720.09

182

P149953

Secondary Road AssetManagement Project2016

Georgia

EUROPE AND
CENTRAL ASIA

40

-

36.54

5

183

P150696

Third Regional Development Project2016

Georgia

EUROPE AND
CENTRAL ASIA

60

-

47.58

14.31

184

P152441

Georgia National Innovation
Ecosystem (GENIE) Project2016

Georgia

EUROPE AND
CENTRAL ASIA

23.5

-

22.83

-0.17

185

P168481

Georgia I2Q - Innovation,
Inclusion and Quality

2019

Georgia

EUROPE AND
CENTRAL ASIA

102.7

-

15.28

5.75

186

P169117

Energy Supply Reliability
and Financial Recovery

2019

Georgia

EUROPE AND
CENTRAL ASIA

70.7

-

27.13

14.61

187

P169698

Log-In Georgia

2021

Georgia

EUROPE AND
CENTRAL ASIA

40

-

10.44

8.78

188

P173782

Kakheti Connectivity Improvement Project2022

Georgia

EUROPE AND
CENTRAL ASIA

109

-

12.75

12.75

189

P173911

Georgia Emergency COVID-19
Response Project2020

Georgia

EUROPE AND
CENTRAL ASIA

114.5

-

109.22

4.83

190

P173975

Georgia Relief and Recovery for Micro,
Small, and Medium Enterprises

2021

Georgia

EUROPE AND
CENTRAL ASIA

102.9

-

15.41

14.78

191

P175455

Georgia Human Capital Program

2022

Georgia

EUROPE AND
CENTRAL ASIA

400

-

31.24

30.29

6

-

3.63

2.76

#

Project ID

Project Name

173

P146152

174

192

P152117

OECS Regional Tourism Competitiveness2017

GrenadaLATIN AMERICAAND CARIBBEAN

193

P158958

OECS Regional Agriculture
Competitiveness Project

2017

GrenadaLATIN AMERICAAND CARIBBEAN

1.8

-

1.72

0.53

194

P175979

Second Crisis Response and Recovery in
Guatemala Development Policy Loan

2023

Guatemala

LATIN AMERICAAND CARIBBEAN

250

250

-

-

195

P159213Crecer Sano: Guatemala Nutrition
and Health Project

2017

Guatemala

LATIN AMERICAAND CARIBBEAN

100

-

26.73

13.9

196

P173698

Crisis Response and Recovery
in Guatemala DPL

2021

Guatemala

LATIN AMERICAAND CARIBBEAN

500

-

500

500

197

P175261

Punjab: Building Fiscal andInstitutional Resilience

2023

India

SOUTH ASIA

150

150

0.38

0.38

198

P178252

Systems Reform Endeavours forTransformed Health Achievementin Gujarat (SRESTHA-G)

2023

India

SOUTH ASIA

350

350

17.11

17.11

199

P175728

Gujarat Resilient Cities Partnership:
Ahmedabad City Resilience Project

2023

India

SOUTH ASIA

280

280

-

-

200

P174593

Assam Integrated River BasinManagement Program

2023

India

SOUTH ASIA

108

108

-

-

201

P175811

Odisha State Capability and
Resilient Growth Program

2023

India

SOUTH ASIA

100

100

-

-

202

P179039

Karnataka Sustainable Rural
Water Supply Program

2023

India

SOUTH ASIA

363

363

-

-

203

P174778

The Resilient Kerala Program

2021

India

SOUTH ASIA

275

150

16.16

9.85

P176032

Himachal Pradesh Power Sector
Development Program

2023

India

SOUTH ASIA

200

200

-

-

204

91

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionIBRD
Cumulative
Net
Commitments

West Bengal Accelerated Developmentof Minor Irrigation Project - Phase II

2023

India

SOUTH ASIA

148

148

-

-

P177917

Multidisciplinary Education and Research
Improvement in Technical Education

2023

India

SOUTH ASIA

255.5

255.5

-

-

207

P178418

Tripura Rural Economic Growthand Service Delivery Project

2023

India

SOUTH ASIA

140

140

-

-

208

P179249

Chhattisgarh: Accelerated Learning
for a Knowledge-Economy

2023

India

SOUTH ASIA

300

300

-

-

209

P179337

Assam State Secondary Healthcare
Initiative for Service Delivery
Transformation (ASSIST) Project

2023

India

SOUTH ASIA

251.03251.03--210

P181032

First Low-Carbon Energy Programmatic
Development Policy Loan

2023

India

SOUTH ASIA

1443.43

1443.43--

211

P177671

Animal Health System Support for
One Health Program (AHSSOH)

2023

India

SOUTH ASIA

82

82

-

50.89

#

Project ID

Project Name

205

P177876

206

212

P096124

Vishnugad Pipalkoti Hydro Electric Project

2011

India

SOUTH ASIA

448-

223.56

213

P104164

National Rural Livelihoods Project

2012

India

SOUTH ASIA

211.5

-

144.2443.49

214

P121731

India: ICDS Systems Strengthening &Nutrition Improvement Program (ISSNIP)

2013

India

SOUTH ASIA

179.08-179.0826.86

215

P127974

North Eastern Region Power
System Improvement Project

2016

India

SOUTH ASIA

470-

435.1546.54

216

P130544

IN Karnataka Urban Water
Supply Modernization Project

2016

India

SOUTH ASIA

250

-

43.24

13.05

217

P146653

Uttarakhand Disaster Recovery Project

2014

India

SOUTH ASIA

96

-

85.16

17.40

218

P146936

Uttar Pradesh Pro-Poor Tourism
Development Project

2018

India

SOUTH ASIA

35.42

-

17.21

4.49

219

P147864

Uttar Pradesh Core Road Network
Development Project

2019

India

SOUTH ASIA

330-

123.24

1.66

220

P148775

Capacity Augmentation of the National
Waterway- 1 (JAL MARG VIKAS) Project

2017

India

SOUTH ASIA

317.22-147.11

20.88

221

P150158

Eastern Dedicated Freight Corridor-3

2015

India

SOUTH ASIA

541.11-

541.11

18.90

222

P150308

Assam Citizen-Centric
Service Delivery Project

2017

India

SOUTH ASIA

32.08

-

27.90

8.65

223

P150395

Tamil Nadu Sustainable Urban
Development Project

2015

India

SOUTH ASIA

400-

332.4924.42

224

P150520

Punjab Rural Water and Sanitation
Sector Improvement Project

2015

India

SOUTH ASIA

198-

184.5512.83

225

P151072

National Agricultural Higher
Education Project

2018

India

SOUTH ASIA

82.5

-

67.60

11.04

226

P152698

National Hydrology Project

2017

India

SOUTH ASIA

160

-

89.53

27.31

227

P154283

Shared Infrastructure for
Solar Parks Project

2017

India

SOUTH ASIA

75

-

21.16

5.57

228

P154525

Uttarakhand Workforce
Development Project

2018

India

SOUTH ASIA

67.2

-

53.82

27.07

229

P155038

Andhra Pradesh 24X7 Power for All

2017

India

SOUTH ASIA

129.50-129.504.70

230P155303

Madhya Pradesh Urban
Development Project

2017

India

SOUTH ASIA

107.1

-

56.00

12.07

231

P155617

Assam Agribusiness and Rural
Transformation Project

2018

India

SOUTH ASIA

200-

101.2528.28

232

P156241

Innovate in India for Inclusiveness

2017

India

SOUTH ASIA

104.6

-

51.23

9.72

P156687

Himachal Pradesh Public Financial
Management Capacity Building Program

2017

India

SOUTH ASIA

36

-

33

2.21

234

P156869

Strengthening Public Financial
Management in Rajasthan

2018

India

SOUTH ASIA

21.7

-

19.57

8.35

235

P157054

Madhya Pradesh Rural
Connectivity project

2018

India

SOUTH ASIA

186.6

-

177.0722.28

236

P157141

Rajasthan State Highways
Development Program II

2019

India

SOUTH ASIA

250-

112.82

56.66

237

P157198

Assam State Public Finance Institutional
Reforms (ASPIRe) Project

2017

India

SOUTH ASIA

31.5

-

25.26

4.48

238

P157702

Tamil Nadu Rural Transformation
Project (TNRTP)

2018

India

SOUTH ASIA

86.62

-

54.21

12.94

239

P157836

Meghalaya Community-led
Landscapes Management Project

2018

India

SOUTH ASIA

43

-

33.07

9.47

240

P157929

Assam Inland Water Transport Project

2020

India

SOUTH ASIA

85

-

24.15

15.12

233

92

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionIBRD
Cumulative
Net
Commitments

Atal Bhujal Yojana (Abhy)-National
Groundwater Management Improvement

2018

India

SOUTH ASIA

420-

137.4781.31

P158146

Uttarakhand Water Supply
Program for Peri Urban Areas

2018

India

SOUTH ASIA

120

-

58.39

14.83

243

P158435

Skill India Mission Operation

2017

India

SOUTH ASIA

250-

213.1514.37

244

P158502

Jharkhand Municipal Development Project

2019

India

SOUTH ASIA

77

-

25.49

11.11

245

P158522

Tamil Nadu Irrigated Agriculture
Modernization Project

2018

India

SOUTH ASIA

318-

185.8027.15

246

P158798

Jharkhand Opportunities forHarnessing Rural Growth Project

2017

India

SOUTH ASIA

84.68

-

71.91

11.45

247

P159427

West Bengal Institutional Strengtheningof Gram Panchayats Program II

2017

India

SOUTH ASIA

210-

201.32

22.83

248

P160331

Odisha Higher Education Programfor Excellence and Equity

2018

India

SOUTH ASIA

69.62

-

69.39

6.66

249

P160379

Innovation in Solar Power andHybrid Technologies

2019

India

SOUTH ASIA

67

-

0.27

0.27

250

P160408

Maharashtra Project on Climate
Resilient Agriculture

2018

India

SOUTH ASIA

420-

291.0579.51

251

P162086

Jharkhand Power System
Improvement Project

2019

India

SOUTH ASIA

280-

112.7743.58

252

P162679

West Bengal Major Irrigation andFlood Management Project

2020

India

SOUTH ASIA

145

-

70.49

32.45

253

P163328

Himachal Pradesh State Roads
Transformation Project

2020

India

SOUTH ASIA

82

-

23.93

16.65

254

P163533

Odisha Integrated Irrigation Project
for Climate Resilient Agriculture

2020

India

SOUTH ASIA

135.32

-

20.69

9.41

255

P165129

Integrated Project for Source
Sustainability and Climate Resilient
Rain-fed Agriculture in Himachal Pradesh

2020

India

SOUTH ASIA

80

-

26.32

9.04

256

P166020

West Bengal Inland Water Transport,
Logistics and Spatial Development Project

2021

India

SOUTH ASIA

105

-

12.85

4.50

257

P166373

Tamil Nadu Health System
Reform Program

2019

India

SOUTH ASIA

287-

182.5636.10

258

P166578

Chhattisgarh Public Financial
Management and Accountability Program

2019

India

SOUTH ASIA

25.2

-

8.86

3.54

259

P166868

Strengthening Teaching-Learning
And Results for States

2020

India

SOUTH ASIA

500-

161.25129

260

P166923

Uttarakhand Public Financial
Management Strengthening Project

2019

India

SOUTH ASIA

31.58

-

16.99

9.26

261

P167350

Green National Highways Corridor Project

2020

India

SOUTH ASIA

500

-

73.39

72.14

262

P167523

Program Towards Eliminationof Tuberculosis

2019

India

SOUTH ASIA

400-

322.0654.89

263

P167581

Andhra Pradesh Health Systems
Strengthening Project

2019

India

SOUTH ASIA

328-

242.11116.88264

P168097

Meghalaya Integrated Transport Project

2021

India

SOUTH ASIA

120

-

41.99

27.13

265

P168310

State of Maharashtra’s Agribusinessand Rural Transformation Project

2020

India

SOUTH ASIA

210

-

16.66

13.41

266

P168590

Tamil Nadu Housing and Habitat
Development Project

2020

India

SOUTH ASIA

50

-

14.22

5.45

#

Project ID

Project Name

241

P158119242

267

P168633

Kerala Solid Waste Management Project

2021

India

SOUTH ASIA

105

-

4.76

2.8

268

P169111

Second National Ganga River Basin Project

2020

India

SOUTH ASIA

381

-

90.83

65.75

269

P170590West Bengal Electricity Distribution
Grid Modernization Project

2022

India

SOUTH ASIA

135

-

29.77

23.53

270

P170645

Chhattisgarh Inclusive Rural andAccelerated Agriculture Growth Project

2021

India

SOUTH ASIA

100

-

0.68

0.34

271

P170811

Punjab Municipal Services
Improvement Project

2021

India

SOUTH ASIA

105

-

3.94

3.68

272

P170873

Second Dam Rehabilitation
and Improvement Project

2021

India

SOUTH ASIA

250

-

44.96

25.48

273

P172213

Nagaland: Enhancing Classroom
Teaching and Resources

2021

India

SOUTH ASIA

68

-

6.57

5.45

274

P172226

Raising and Accelerating
MSME Performance

2021

India

SOUTH ASIA

500

-

18.75

18.75

275

P173589

Meghalaya Health Systems
Strengthening Project

2022

India

SOUTH ASIA

40

-

5.49

4.35

93

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionIBRD
Cumulative
Net
Commitments

Gujarat Outcomes for Accelerated
Learning (GOAL)

2021

India

SOUTH ASIA

750-

121.03

95.78

P173836

India COVID-19 Emergency Response and
Health Systems Preparedness Project

2020

India

SOUTH ASIA

1000

-

1000

60.11

278

P173958

Mizoram Health Systems
Strengthening Project

2021

India

SOUTH ASIA

32

-

4.90

3.31

279

P173978

Supporting Andhra’s Learning
Transformation

2021

India

SOUTH ASIA

250

-

72.17

20.55

280

P174067

Public Service Capability
Enhancement Project

2022

India

SOUTH ASIA

47

-

0.32

0.32

281

P174564

West Bengal Building State Capability
for Inclusive Social Protection Operation

2022

India

SOUTH ASIA

125

-

5.31

5

282

P174732

Shimla-Himachal Pradesh Water
Supply and Sewerage Services
Improvement Program (PforR)

2022

India

SOUTH ASIA

160

-

28.34

27.94

283

P175221

Chennai City Partnership: Sustainable
Urban Services Program

2022

India

SOUTH ASIA

150

-

4.68

4.3

284

P175676

PHSPP: Transforming India’s Public
Health Systems for Pandemic
Preparedness Program

2022

India

SOUTH ASIA

500

-

1.25

1.25

285

P176404

RIGHTS: Inclusion, Accessibility
and Opportunities for Persons
with Disabilities in Tamil Nadu

2022

India

SOUTH ASIA

162

-

0.92

0.92

286

P177856

Rail Logistics Project

2022

India

SOUTH ASIA

245

-

49.61

49.61

287

P177985

Catalyzing Private Financing for
Sustainable Recovery and Growth

2022

India

SOUTH ASIA

667

-

667

667

288

P178146

India’s Enhanced HealthService Delivery Program

2022

India

SOUTH ASIA

500

-

1.25

1.25

289

P178329

Second Tamil Nadu Housing
Sector Strengthening Program
Development Policy Loan

2022

India

SOUTH ASIA

190

-

190

190

290

P173671

Indonesia: National Urban Flood
Resilience Project (NUFReP)

2023

Indonesia

EAST ASIA
AND PACIFIC

400

400

-

-

291

P178517

Indonesia: Strengthening National
Tuberculosis Response Program

2023

Indonesia

EAST ASIA
AND PACIFIC

300

300

75

75

292

P173233

Indonesia Third Financial Sector Reform
Development Policy Financing

2023

Indonesia

EAST ASIA
AND PACIFIC

1000

1000

-

-

293

P173391

Oceans for Prosperity Project - LAUTRA

2023

Indonesia

EAST ASIA
AND PACIFIC

200

200

-

-

294

P180491

INVESTING IN NUTRITION & EARLYYEARS PHASE 2 PROGRAM

2023

Indonesia

EAST ASIA
AND PACIFIC

600

600

-

-

295

P174350

Indonesia Sustainable Least-cost
Electrification-1 (ISLE-1) Program

2023

Indonesia

EAST ASIA
AND PACIFIC

500

500

-

-

296

P175218

ID for Inclusive Service Delivery andDigital Transformation in Indonesia

2023

Indonesia

EAST ASIA
AND PACIFIC

250

250

-

-

297

P085375

Third Water Supply and Sanitation
for Low-Income Communities /Community Based Water Supply
Project (PAMSIMAS III)2006

Indonesia

EAST ASIA
AND PACIFIC

393.61-393.40-0.20

298P090990

Western Indonesia National
Roads Improvement Project

2011

Indonesia

EAST ASIA
AND PACIFIC

223.75-223.75-0.03

299

P092218

Indonesia Infrastructure Finance Facility

2009

Indonesia

EAST ASIA
AND PACIFIC

299.88-262.5725.77

300

P096532

Dam Operational Improvement and Safety

2009

Indonesia

EAST ASIA
AND PACIFIC

172.20-157.0823.5

301

P121842

Research and Innovation in Scienceand Technology Project

2013

Indonesia

EAST ASIA
AND PACIFIC

69.58

-

69.58

-0.00

302

P127813

Coral Reef Rehabilitation andManagement Program - Coral
Triangle Initiative (COREMAP-CTI)

2014

Indonesia

EAST ASIA
AND PACIFIC

44.75

-

44.75

-0.77

303

P128832

VILLAGE INNOVATION PROGRAM (VIP)

2013

Indonesia

EAST ASIA
AND PACIFIC

634.06-632.55-0.52

304

P154782

Indonesia National Slum Upgrading Project

2017

Indonesia

EAST ASIA
AND PACIFIC

207.33-206.64

6.44

50.82

-

48.19

0.03

450

-

416.16

35.59#

Project ID

Project Name

276

P173704

277

305

P154947

Regional Infrastructure Development Fund2017

Indonesia

EAST ASIA
AND PACIFIC

306

P154948

National Affordable Housing Program

2017

Indonesia

EAST ASIA
AND PACIFIC

94

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionNational Urban Water Supply Project

2018

Indonesia

EAST ASIA
AND PACIFIC

100

-

72

20.5

P157245

Improvement of Solid Waste
Management to Support Regionaland Metropolitan Cities

2020

Indonesia

EAST ASIA
AND PACIFIC

100

-

25.28

10.2

P157585

Strategic Irrigation Modernizationand Urgent Rehabilitation Project

2018

Indonesia

EAST ASIA
AND PACIFIC

250-

136.9180.35

310

P157599

Integrated Infrastructure Development
for National Tourism Strategic Areas(Indonesia Tourism Development Project)

2018

Indonesia

EAST ASIA
AND PACIFIC

300-

126.0686.64

311

P160661

Program to Accelerate Agrarian
Reform (One Map Project)

2019

Indonesia

EAST ASIA
AND PACIFIC

200-

140.01

62.9

312

P163896

National Urban Development
Project (NUDP)

2019

Indonesia

EAST ASIA
AND PACIFIC

49.6

-

3.64

1.07

313

P164686

Investing in Nutrition and Early Years

2018

Indonesia

EAST ASIA
AND PACIFIC

400-

306.5267.67

314

P165543

Institutional Strengthening for
Improved Village Service Delivery

2019

Indonesia

EAST ASIA
AND PACIFIC

250.02

-

39.17

21

315

P168076

Realizing Education’s Promise: Support
to Indonesia’s Ministry of Religious Affairs
for Improved Quality of Education

2019

Indonesia

EAST ASIA
AND PACIFIC

250

-

107.5

27.5

316

P169403

Central Sulawesi Rehabilitation
and Reconstruction Project

2019

Indonesia

EAST ASIA
AND PACIFIC

150

-

67.85

45.2

317

P169548

Indonesia Mass Transit Project2022

Indonesia

EAST ASIA
AND PACIFIC

224.00

-

2.7

2.7

318

P170874

Indonesia Disaster Resilience
Initiatives Project (IDRIP)

2020

Indonesia

EAST ASIA
AND PACIFIC

160

-

42.68

25.29

319

P172707

National Health Insurance (JKN)
Reforms and Results Program

2022

Indonesia

EAST ASIA
AND PACIFIC

400

-

100

100

320

P173249

Indonesia Disaster Risk
Finance & Insurance

2021

Indonesia

EAST ASIA
AND PACIFIC

500

-

240

100

321

P173487

Agriculture Value Chain
Development Project (ICARE)

2022

Indonesia

EAST ASIA
AND PACIFIC

100

-

1.03

1.03

322

P173843

Indonesia: Emergency
Response to COVID19

2020

Indonesia

EAST ASIA
AND PACIFIC

750

-

750

101.28323

P175742

Indonesia Human Capital
Development Policy Loan

2022

Indonesia

EAST ASIA
AND PACIFIC

350-

351.38351.38324

P177726

Indonesia Fiscal Reform
Development Policy Loan

2022

Indonesia

EAST ASIA
AND PACIFIC

750-

752.92752.92

325

P178009

Mangroves for Coastal Resilience Project2022

Indonesia

EAST ASIA
AND PACIFIC

400

-

43.88

43.88

139.98-137.88

1.08#

Project ID

Project Name

307

P156125

308

309

326

P173994

Iran COVID-19 Emergency
Response Project

2020

Iran, Islamic
Republic of

MIDDLE EAST
AND NORTH
AFRICA

327

P131550

Transport Corridors Project

2014

Iraq

MIDDLE EAST
AND NORTH
AFRICA355-

320.5527.99

328

P151357

Modernization of Public Financial
Management Systems Project

2017

Iraq

MIDDLE EAST
AND NORTH
AFRICA

41.5

-

4.42

0.20

329

P155732

Emergency Operation for Development

2016

Iraq

MIDDLE EAST
AND NORTH
AFRICA

750-

534.2874.61

330

P162094

Baghdad Water Supply and
Sewerage Improvement Project

2018

Iraq

MIDDLE EAST
AND NORTH
AFRICA

150

-

43.83

19.48

331

P162454

IQ: Basra Electricity Dissemination
and Development Project (EDDP)

2019

Iraq

MIDDLE EAST
AND NORTH
AFRICA

200

-

37.77

29.91

332

P163108

Iraq Social Fund for Development

2018

Iraq

MIDDLE EAST
AND NORTH
AFRICA

300

-

18.31

2.54

333

P177038

Iraq COVID-19 Vaccination Project

2022

Iraq

MIDDLE EAST
AND NORTH
AFRICA

98

-

97.98

25.57

334

P146965

Jamaica Disaster Vulnerability
Reduction Project

2016

Jamaica

LATIN AMERICAAND CARIBBEAN

30

-

25.37

2.18

P147665

Jamaica Foundations forCompetitiveness and Growth

Jamaica

LATIN AMERICAAND CARIBBEAN

60

-

53.66

7.95

335

2015

95

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionAccess to Finance for MSMEs

2018

Jamaica

LATIN AMERICAAND CARIBBEAN

15

-

8.92

0.54

P166279

Second Rural Economic Development
Initiative (REDI II) Project

2020

Jamaica

LATIN AMERICAAND CARIBBEAN

40

-

4.67

1.36

338

P167946

Agriculture Resilience, Value
Chain Development andInnovation (ARDI) Program

2023

JordanMIDDLE EAST
AND NORTH
AFRICA

95.6

95.6

23.88

23.88

339

P171296

Electricity Sector Efficiency andSupply Reliability Program

2023

JordanMIDDLE EAST
AND NORTH
AFRICA

250

250

-

-

340

P175662

Jordan Inclusive, Transparent andClimate Responsive Investments
Program For Results

2021

JordanMIDDLE EAST
AND NORTH
AFRICA

900

400

369.7

137.95341

P176619

Jordan Water Sector Efficiency Project2023

JordanMIDDLE EAST
AND NORTH
AFRICA

200

200

-

-

342

P161905

Innovative Startups Fund Project2017

JordanMIDDLE EAST
AND NORTH
AFRICA

50

-

36.83

4.7

343

P162407

Jordan Education Reform
Support Program

2018

JordanMIDDLE EAST
AND NORTH
AFRICA

229.1-

156.6520.19

344

P163387

Jordan Emergency Health Project2017

JordanMIDDLE EAST
AND NORTH
AFRICA

177.2-

172.31

2.12

345

P170669

Jordan Youth, Technology,
and Jobs Project2020

JordanMIDDLE EAST
AND NORTH
AFRICA

163.1

-

21.88

6.85

346

P173972

Jordan COVID-19 Emergency Response

2020

JordanMIDDLE EAST
AND NORTH
AFRICA

70

-

57.07

8.96

347

P173974

Jordan Emergency Cash Transfer
COVID-19 Response Project2020

JordanMIDDLE EAST
AND NORTH
AFRICA

990-

624.47205.67348

P177959

Jordan Support to Private Sector
Employment and Skills

2022

JordanMIDDLE EAST
AND NORTH
AFRICA

112

-

12.39

12.11

349

P178215

Jordan: Support for Industry
Development? Fund

2022

JordanMIDDLE EAST
AND NORTH
AFRICA

85

-

0.21

0.21

350

P086592

Second Irrigation and Drainage
Improvement Project

2013

Kazakhstan

EUROPE AND
CENTRAL ASIA

102.90

-

67.78

16.98

351

P099270

SOUTH-WEST ROADS: WESTERNEUROPE-WESTERN CHINA
INTERNATIONAL TRANSITCORRIDOR (CAREC 1B & 6B)

2009

Kazakhstan

EUROPE AND
CENTRAL ASIA

2125

-

1970.17

29.59

352

P128050

East-West Roads Project (Almaty-Korgos
Section): Western Europe - Western China
International Transit Corridor (CAREC - 1b)

2012

Kazakhstan

EUROPE AND
CENTRAL ASIA

1068

-

815.71

59.84

353

P150402

Kazakhstan: Fostering Productive
Innovation Project

2015

Kazakhstan

EUROPE AND
CENTRAL ASIA

64

-

40.64

5.21

354

P153496

Education Modernization Project

2017

Kazakhstan

EUROPE AND
CENTRAL ASIA

17.53

-

5.06

1.67

355

P174367

A Private-Sector Led and More
Sustainable Economic Recovery DPF

2022

Kazakhstan

EUROPE AND
CENTRAL ASIA

400-

364.85364.85356

P180339

Fiscal Sustainability andInclusive Green Growth (FIGG)
Development Policy Operation

2023

Kenya

EASTERN AND
SOUTHERNAFRICA

500

500

500

500

357

P165034

Kenya Affordable Housing Finance Project

2019

Kenya

EASTERN AND
SOUTHERNAFRICA

250-

104.6310.10

358

P180334

Lebanon: Green Agri-food transformationfor economic recovery (GATE)

2023

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

200

200

-

-

359

P173367

LEBANON EMERGENCY CRISISAND COVID-19 RESPONSE SOCIAL
SAFETY NET PROJECT

2021

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

546

300

222.2382.62

360

P103063

LB- GREATER BEIRUT WATER SUPPLY

2011

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

200-

162.56

6.28#

Project ID

Project Name

336

P152307337

96

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionSupporting Innovation in Small andMedium Enterprises Project

2013

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

30

-

24.71

1.70

P143594

LB-Environmental Pollution
Abatement Project

2015

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

15

-

13.37

-0.01

363

P147854

Lake Qaraoun Pollution Prevention Project

2017

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

55

-

16.60

6.49

364

P160223

Roads and Employment Project

2017

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

154.6

-

90.39

46.07

365

P163476

Lebanon Health Resilience Project

2017

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

95.79

-

70.20

9.58

366

P178587

Strengthening Lebanon’s
Covid-19 Response

2022

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

22.95

-

0.06

0.06

367

P178866

Lebanon: Wheat supply
emergency response project2022

Lebanon

MIDDLE EAST
AND NORTH
AFRICA

135

-

56.37

56.37

368

P180496

Mexico Promoting Women’s Economic
Opportunities and Sustainable
Productivity Growth DPL

2023

MexicoLATIN AMERICAAND CARIBBEAN

700

700

-

-

369

P149872

Energy Efficiency in Public
Facilities Project (PRESEMEH)

2016

MexicoLATIN AMERICAAND CARIBBEAN

50

-

31.28

7.47

370

P164389

Water Security and Resilience for
the Valley of Mexico (PROSEGHIR)

2020

MexicoLATIN AMERICAAND CARIBBEAN

120

-

10.13

9.83

371

P164661Strengthening Entrepreneurship in
Productive Forest Landscapes

2018

MexicoLATIN AMERICAAND CARIBBEAN

56

-

56

12.61

372

P169959

Modernization of Public Financial
Management Systems in Mexico

2020

MexicoLATIN AMERICAAND CARIBBEAN

65

-

0.35

0.08

373

P178224

Mexico Inclusive and Sustainable
Economic Growth DPL

2022

MexicoLATIN AMERICAAND CARIBBEAN

700

-

700

700

374

P170035

Agriculture Governance, Growth andResilience Investment Project2023

Moldova

EUROPE AND
CENTRAL ASIA

55

55

-

-

375

P179086

Moldova Emergency Response,
Resilience, and Competitiveness DPO2

2023

Moldova

EUROPE AND
CENTRAL ASIA

100

100

-

-

376

P179363

Education Quality Improvement Project2023

Moldova

EUROPE AND
CENTRAL ASIA

40

40

-

-

377

P127734

Tax Administration Modernization Project

2016

Moldova

EUROPE AND
CENTRAL ASIA

12.58

-

12.79

0.27

378

P172668

Second District Heating Efficiency
Improvement Project

2020

Moldova

EUROPE AND
CENTRAL ASIA

100

-

1.11

0.76

379

P175640

Moldova Emergency Response,
Resilience, and Competitiveness DPO

2022

Moldova

EUROPE AND
CENTRAL ASIA

43

-

41.04

41.04

380

P177895

MSME Competitiveness Project2022

Moldova

EUROPE AND
CENTRAL ASIA

18.6

-

0.11

0.11

381

P173799

MONGOLIA COVID-19 EMERGENCYRESPONSE AND HEALTH SYSTEMPREPAREDNESS PROJECT

2020

Mongolia

EAST ASIA
AND PACIFIC

13.8

-

13.8

0.63

382

P174007

Ulaanbaatar Sustainable
Urban Transport Project

2021

Mongolia

EAST ASIA
AND PACIFIC

100

-

1.7

0.7

383

P173620

Western Balkans Trade andTransport Facilitation Phase 2

2023

Montenegro

EUROPE AND
CENTRAL ASIA

15

15

-

-

384

P122139

Industrial Waste Management
and Cleanup Project

2015

Montenegro

EUROPE AND
CENTRAL ASIA

61.60

-

41.43

5.40

385

P149743

Revenue Administration Reform Project

2018

Montenegro

EUROPE AND
CENTRAL ASIA

20.9

-

9.21

1.96

386

P164424Montenegro Second Institutional
Development and Agriculture
Strengthening Project

2018

Montenegro

EUROPE AND
CENTRAL ASIA

34.89

-

11.32

1.97

387

P165509

Montenegro Second Energy
Efficiency Project

2018

Montenegro

EUROPE AND
CENTRAL ASIA

7.39

-

5.32

0.15

388

P167619

Education Support Program

2019

MoroccoMIDDLE EAST
AND NORTH
AFRICA

750

250

349.4295.86

389

P174005

Third Financial and Digital Inclusion
Development Policy Lending

2023

MoroccoMIDDLE EAST
AND NORTH
AFRICA

450

450

-

-

#

Project ID

Project Name

361

P127306

362

97

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionMorocco COVID-19 Social Protection
Emergency Response Project

2021

MoroccoMIDDLE EAST
AND NORTH
AFRICA

750

350

324.47

79.12

P178763

Morocco Climate Operation/ Support to the NationallyDetermined Contribution (NDC)

2023

MoroccoMIDDLE EAST
AND NORTH
AFRICA

350

350

-

-

392

P179014

Morocco Health Reform Program

2023

MoroccoMIDDLE EAST
AND NORTH
AFRICA

450

450

-

-

393

P143689

Clean and Efficient Energy Project

2015

MoroccoMIDDLE EAST
AND NORTH
AFRICA125-

104.1928.24

394

P144539

Integrated Disaster Risk Management
and Resilience Program

2016

MoroccoMIDDLE EAST
AND NORTH
AFRICA300-

254.71

22.38

395

P145529

MA-Rural Water Supply

2014

MoroccoMIDDLE EAST
AND NORTH
AFRICA

158.62-129.896.30

396

P149653

Morocco Urban Transport Project (P4R)

2016

MoroccoMIDDLE EAST
AND NORTH
AFRICA350-

314.02

39.3

397

P149995

Casablanca Municipal Support Program

2018

MoroccoMIDDLE EAST
AND NORTH
AFRICA

300-

196.86

6.15

398

P150930

MA-Large Scale Irrigation
Modernization Project

2016

MoroccoMIDDLE EAST
AND NORTH
AFRICA

150-

125.888.02

399

P151169

Supporting the economic
inclusion of youth

2019

MoroccoMIDDLE EAST
AND NORTH
AFRICA

55

-

35.75

12.78

400

P158346

Strengthening Agri-Food Value Chains2018

MoroccoMIDDLE EAST
AND NORTH
AFRICA

200-

144.26

13.5

401

P167894

MA North-East Economic
Development Project2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

250

-

9.39

9.39

402

P168147

Municipal Performance Program

2020

MoroccoMIDDLE EAST
AND NORTH
AFRICA

300-

155.8426.41

403

P169330

Morocco Public Sector Performance(ENNAJAA) Program

2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

450-

174.22

173.18404

P170419

Morocco Green Generation
Program-for-Results

2021

MoroccoMIDDLE EAST
AND NORTH
AFRICA

250-

122.1836.79

405

P172926

Blue Economy Program for Results

2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

350

-

97.71

97.71

406

P173073

Improving Early Childhood Development
outcomes in rural Morocco2021

MoroccoMIDDLE EAST
AND NORTH
AFRICA

450-

220.70111.06407

P175747

Resilient and Sustainable
Water in Agriculture2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA

180

-

0.93

0.93

408

P176937

Strengthening Human Capitalfor a Resilient Morocco DPF

2022

MoroccoMIDDLE EAST
AND NORTH
AFRICA500-

487.11487.11

409

P164001

Power Sector Recovery
Performance Based Operation

2020

Nigeria

WESTERN
AND CENTRALAFRICA

449

449

-

-

410

P146319Development Finance Project

2015

Nigeria

WESTERN
AND CENTRALAFRICA500-

490.26

3.78

411

P176366

Building Effective, Transparent
and Accountable Public Financial
Management Institutions Project

2023

North
Macedonia

EUROPE AND
CENTRAL ASIA

19.77

19.77

1.15

1.15

412

P149955

Road Upgrading and Development Project

2016

North
Macedonia

EUROPE AND
CENTRAL ASIA

79.99

-

54.30

16.93

413

P149990

North Macedonia Public Sector
Energy Efficiency Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA

27.4

-

2.17

1.74

414

P154464

Second Municipal Services
Improvement Project

2016

North
Macedonia

EUROPE AND
CENTRAL ASIA

26.93

-

27.27

2.70

#

Project ID

Project Name

390

P172809391

98

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023#

Project ID

Project Name

415

P162043

Western Balkans Trade andTransport Facilitation

416

P162246417
418

ApprovalFY

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Country

Region2019

North
Macedonia

EUROPE AND
CENTRAL ASIA

90

-

8.80

4.48

Social Services Improvement Project

2019

North
Macedonia

EUROPE AND
CENTRAL ASIA

33.4

-

21.83

5.95

P168014

Agriculture Modernization Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA

50.5

-

4.98

0.11

P170267

North Macedonia: Local Roads
Connectivity Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA

122.8

-

65.73

6.33

EUROPE AND
CENTRAL ASIA

15.17

-

1.95

0.81

419

P170343

Social Insurance Administration Project

2020

North
Macedonia

420

P171973

Primary Education Improvement Project

2021

North
Macedonia

EUROPE AND
CENTRAL ASIA

25

-

10.36

4.12

421

P173916

North Macedonia Emergency
COVID-19 Response Project

2020

North
Macedonia

EUROPE AND
CENTRAL ASIA

97.72

-

102.7719.28

422

P115893

Tarbela Fourth Extension
Hydropower Project

2012

Pakistan

SOUTH ASIA

790-

491.21

39.39

423

P121507

Dasu Hydropower Stage I Project

2014

Pakistan

SOUTH ASIA

700

-

96.98

93.02

424

P154987

National Transmission
Modernization I Project

2018

Pakistan

SOUTH ASIA

425

-

58.30

22.26

425

P161402

Competitive and Livable Cityof Karachi Project

2019

Pakistan

SOUTH ASIA

230

-

57.25

14.17

426

P162446

Strengthening Markets for Agriculture
and Rural Transformation Punjab Program

2018

Pakistan

SOUTH ASIA

229.75-201.2743.13

427

P163461

Khyber Pakhtunkhwa Hydropower andRenewable Energy Development

2021

Pakistan

SOUTH ASIA

200

-

1.68

0.55

428

P164704

Karachi Water and Sewerage Services
Improvement Project (KWSSIP)

2019

Pakistan

SOUTH ASIA

40

-

18.56

10.18

429

P166732

Karachi Mobility Project

2019

Pakistan

SOUTH ASIA

382

-

4.57

0.42

430

P169071

Punjab Rural Sustainable Water
Supply and Sanitation Project

2021

Pakistan

SOUTH ASIA

200

-

6.01

3.05

431

P170230

Electricity Distribution Efficiency
Improvement Project2022

Pakistan

SOUTH ASIA

195

-

1.11

1.11

432

P171417

Punjab Resource Improvement
and Digital Effectiveness2021

Pakistan

SOUTH ASIA

304-

205.52121.01

433

P173021

Solid Waste Emergency andEfficiency Project

2021

Pakistan

SOUTH ASIA

100

-

3.71

2.06

434

P174535

Support to Panama PPP Program
Development for Recovery Project2023

PanamaLATIN AMERICAAND CARIBBEAN

7.5

7.5

-

-

435

P179817

Panama Climate Resilienceand Green Growth DPL

2023

PanamaLATIN AMERICAAND CARIBBEAN

150

150

-

-

436

P155097

Strengthening Social Protection
and Inclusion System

2016

PanamaLATIN AMERICAAND CARIBBEAN

59.67

-

59.67

-0.33

437

P157575

Support for the National Indigenous
Peoples Development Plan

2018

PanamaLATIN AMERICAAND CARIBBEAN

80

-

13.40

6.75

438

P175930

Panama Pandemic Response and Growth
Recovery Development Policy Loan 2

2022

PanamaLATIN AMERICAAND CARIBBEAN

250

-

250

250

439

P167820

Energy Utility Performance andReliability Improvement Project

2021

Papua New
GuineaEAST ASIA
AND PACIFIC

30

-

0.08

0.08

440

P175320

Asuncion Riverfront Urban
Resilience Project2023

Paraguay

LATIN AMERICAAND CARIBBEAN

105

105

-

-

441

P180015

Joining Efforts for an Education of
Excellence in Paraguay Project2023

Paraguay

LATIN AMERICAAND CARIBBEAN

125.3

125.3

-

-

442

P147278

PY Transport Connectivity

2017

Paraguay

LATIN AMERICAAND CARIBBEAN

100

-

41.99

14.00

443

P167996

Paraguay Public Health
Sector Strengthening

2019

Paraguay

LATIN AMERICAAND CARIBBEAN

115

-

49.28

16.27

444

P168153

Market Access for Agricultural
Products Project

2020

Paraguay

LATIN AMERICAAND CARIBBEAN

100

-

47.63

14.60

445

P178285

Paraguay Green and Resilient DPL

2022

Paraguay

LATIN AMERICAAND CARIBBEAN

240

-

240

240

446

P178591

Peru Sustainable Growthand Finance DPF-DDO

2023

Peru

LATIN AMERICAAND CARIBBEAN

750

750

750

750

447

P132505

Cusco Transport Improvement Project

2014

Peru

LATIN AMERICAAND CARIBBEAN

120

-

64.63

22.8

448

P132515

Support to the Subnational
Transport Program Project

2016

Peru

LATIN AMERICAAND CARIBBEAN

37.2

-

31.47

3.02

99

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionPeru: Enhancement ofEnvironmental Quality Services

2017

Peru

LATIN AMERICAAND CARIBBEAN

-

-

-

0.45

P151851

Integrated Water Resources
Management in Ten Basins

2017

Peru

LATIN AMERICAAND CARIBBEAN

40

-

37.95

8.30

451

P155902

National Program for Innovationin Fisheries and Aquaculture

2017

Peru

LATIN AMERICAAND CARIBBEAN

38.99

-

38.99

-1.01

452

P156250

Strengthening the Science, Technology
and Innovation System in Peru

2017

Peru

LATIN AMERICAAND CARIBBEAN

-

-

-

-2.33

453

P157043

Modernization of Water Supply
and Sanitation Services

2019

Peru

LATIN AMERICAAND CARIBBEAN

70

-

12.79

2.40

454

P162278

National Urban Cadaster andMunicipal Support Project

2020

Peru

LATIN AMERICAAND CARIBBEAN

50

-

2.54

2.21

455

P162833

Improving the Performance of
Non-Criminal Justice Services

2019

Peru

LATIN AMERICAAND CARIBBEAN

85

-

12.26

5.66

456

P163255

Peru Integrated Health Networks

2019

Peru

LATIN AMERICAAND CARIBBEAN

125

-

4.05

3.01

457

P170595

Lima Metropolitano BRT North Extension

2020

Peru

LATIN AMERICAAND CARIBBEAN

93

-

86.88

36.02

458

P170658

CENTRALIZED EMERGENCYRESPONSE SYSTEM PROJECT

2020

Peru

LATIN AMERICAAND CARIBBEAN

36.32

-

0.38

0.15

459

P174177

Peru: Strengthening of the Public Health
Emergency Preparedness and Response

2021

Peru

LATIN AMERICAAND CARIBBEAN

68

-

4.05

4.05

460

P176297

STRENGTHENING PERU’SNATIONAL SCIENCE, TECHNOLOGYAND INNOVATION SYSTEM

2022

Peru

LATIN AMERICAAND CARIBBEAN

100

-

4.01

4.01

461

P177765

Peru: Enabling a Green andResilient Development DPF

2022

Peru

LATIN AMERICAAND CARIBBEAN

500

-

500

500

462

P175360

Philippines Second Financial Sector
Reform Development Policy Financing

2023

Philippines

EAST ASIA
AND PACIFIC

600

600

600

600

463

P164765

Teacher Effectiveness andCompetencies Enhancement Project2023

Philippines

EAST ASIA
AND PACIFIC

110

110

-

-

464

P178634

Philippines First Sustainable Recovery DPL

2023

Philippines

EAST ASIA
AND PACIFIC

750

750

-

-

465

P180379

Philippine Rural Development
Project Scale-up

2023

Philippines

EAST ASIA
AND PACIFIC

600

600

-

-

466

P173866

Mindanao Inclusive Agriculture
Development Project2023

Philippines

EAST ASIA
AND PACIFIC

100

100

-

-

467

P174137

Philippine Fisheries and Coastal
Resiliency Project2023

Philippines

EAST ASIA
AND PACIFIC

176.02176.02--

468

P119343

Cebu Bus Rapid Transit (BRT) Project

2015

Philippines

EAST ASIA
AND PACIFIC

116

-

25.00

2.92

469

P127741

Philippines National Community
Driven Development Program

2014

Philippines

EAST ASIA
AND PACIFIC

730.54-697.61129.22849.82-682.0993.67#

Project ID

Project Name

449

P147342450

470

P132317

Philippine Rural Development Project

2015

Philippines

EAST ASIA
AND PACIFIC

471

P153814

Metro Manila Flood Management Project

2018

Philippines

EAST ASIA
AND PACIFIC

207.60

-

27.76

11.11

472

P163428

Philippines Customs Modernization Project

2021

Philippines

EAST ASIA
AND PACIFIC

88.28

-

4.48

3.85

473

P171419

Philippines Seismic Risk Reduction
and Resilience Project

2021

Philippines

EAST ASIA
AND PACIFIC

300

-

30

30

474

P172399

Support to Parcelization of Lands for
Individual Titling (SPLIT) Project

2020

Philippines

EAST ASIA
AND PACIFIC

370-

126.35102.45475

P173877

Philippines COVID-19 Emergency
Response Project

2020

Philippines

EAST ASIA
AND PACIFIC

900-

546.23

12.54

476

P174066

Beneficiary FIRST Social
Protection Project

2021

Philippines

EAST ASIA
AND PACIFIC

600-

349.51

48

477

P175493

The Philippines Multisectoral
Nutrition Project2022

Philippines

EAST ASIA
AND PACIFIC

178.1

-

46.72

46.72

478

P177125

Fourth Disaster Risk Management
Development Policy Loan with a
Catastrophe-Deferred Drawdown Option

2022

Philippines

EAST ASIA
AND PACIFIC

500

-

500

297.5

479

P147460

ODRA-VISTULA FLOOD
MANAGEMENT PROJECT

2016

PolandEUROPE AND
CENTRAL ASIA

504.04-482.6570.78

480

P171039

Romania: Institutional Strengthening and
Financial Safety Net Resilience Project2023

Romania

EUROPE AND
CENTRAL ASIA

403.2

403.2

-

-

100

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionRomania Rural Pollution Prevention
and Reduction Project (RAPID)

2023

Romania

EUROPE AND
CENTRAL ASIA

63.6

63.6

-

-

P178599

Strengthening Foundations for
Improved Justice Service Delivery

2023

Romania

EUROPE AND
CENTRAL ASIA

109.8

109.8

-

-

483

P179297

Romania Second Programmatic
Inclusive and Green Growth
Development Policy Loan

2023

Romania

EUROPE AND
CENTRAL ASIA

650

650

-

-

484

P166302

Strengthening Disaster Risk
Management Project

2019

Romania

EUROPE AND
CENTRAL ASIA

160.38

99.9

12.25

9.58

485

P093775

GEF Romania Integrated Nutrient
Pollution Control Project

2008

Romania

EUROPE AND
CENTRAL ASIA

52.39

-

49.09

11.37

486

P145174

HEALTH SECTOR REFORM

2014

Romania

EUROPE AND
CENTRAL ASIA

514.8

-

199.8817.23

487

P148585

Romania Secondary Education Project

2015

Romania

EUROPE AND
CENTRAL ASIA

243.1

-

135.82

15.12

488

P160751

Justice Services Improvement Project2017

Romania

EUROPE AND
CENTRAL ASIA

66.99

-

45.17

7.11

489

P168119

Improving Resilience andEmergency Response Project

2019

Romania

EUROPE AND
CENTRAL ASIA

57

-

1.47

1.47

490

P168120

Strengthening Preparedness and Critical
Emergency Infrastructure Project

2019

Romania

EUROPE AND
CENTRAL ASIA

45.6

-

0.10

0.10

491

P169927

Romania Health Program for Results

2020

Romania

EUROPE AND
CENTRAL ASIA

557.2

-

166.92

63.90

492

P175308

Romania Safer, Inclusive andSustainable Schools

2021

Romania

EUROPE AND
CENTRAL ASIA

121.07

-

0.05

0.05

641.7

-

633.24633.24#

Project ID

Project Name

481

P179786

482

493

P178912

Romania Inclusive and Green Growth DPF

2022

Romania

EUROPE AND
CENTRAL ASIA

494

P079032

Housing and Communal Services Project

2008

RussianFederation

EUROPE AND
CENTRAL ASIA

199.43-

199.43-0.57

495

P120219

RUSSIA CULTURAL HERITAGE 2

2011

RussianFederation

EUROPE AND
CENTRAL ASIA

95.28

-

95.28

-3.63

496

P127676

RUSSIA HYDROMETEOROLOGICALSERVICES MODERNIZATION

2014

RussianFederation

EUROPE AND
CENTRAL ASIA

-

-

-

-2.33

497

P175655

Improving public financial management
for the green transition

2023

SerbiaEUROPE AND
CENTRAL ASIA

75

75

-

-

498

P176069

Catalyzing Long Term Financethrough Capital Markets

2023

SerbiaEUROPE AND
CENTRAL ASIA

30

30

-

-

499

P177410First Serbia Green Transition
Programmatic Development Policy Loan

2023

SerbiaEUROPE AND
CENTRAL ASIA

160

160

-

-

500

P129539

Second Serbia Health Project2014

SerbiaEUROPE AND
CENTRAL ASIA

71.1

-

61.51

12.59

501

P147050

Serbia - Real Estate Management Project

2015

SerbiaEUROPE AND
CENTRAL ASIA

66.9

-

57.24

7.16

502

P156837

State Owned Financial Institutions
Strengthening Project

2018

SerbiaEUROPE AND
CENTRAL ASIA

50

-

44.11

8.69

503

P157117

Inclusive Early Childhood
Education and Care2017

SerbiaEUROPE AND
CENTRAL ASIA

50

-

26.99

0.99

504

P163673

Tax Administration Modernization Project

2019

SerbiaEUROPE AND
CENTRAL ASIA

52

-

6.11

0.80

505

P163760

Enhancing Infrastructure
Efficiency and Sustainability

2018

SerbiaEUROPE AND
CENTRAL ASIA

118.6

-

77.06

4.97

506

P164824

Enabling Digital Governance Project

2019

SerbiaEUROPE AND
CENTRAL ASIA

50

-

18.92

12.44

507

P167634

Serbia Competitive Agriculture
Project (SCAP)

2020

SerbiaEUROPE AND
CENTRAL ASIA

50

-

28.06

11.86

508

P168862

Sava and Drina Rivers Corridors
Integrated Development Program2021

SerbiaEUROPE AND
CENTRAL ASIA

133.9

-

18.46

1.32

509

P170185

Serbia Accelerating Innovation
and Growth Entrepreneurship

2020

SerbiaEUROPE AND
CENTRAL ASIA

48

-

26.53

17.89

510

P170868

Serbia Railway Sector Modernization

2021

SerbiaEUROPE AND
CENTRAL ASIA

62.5

-

3.41

2.12

511

P173892

Serbia Emergency COVID-19
Response Project

2020

SerbiaEUROPE AND
CENTRAL ASIA

100

-

81.79

50.25

512

P176770

Scaling-Up Residential Clean
Energy (SURCE) Project2022

SerbiaEUROPE AND
CENTRAL ASIA

50

-

0.12

0.12

101

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionSEYCHELLES SECOND FISCALSUSTAINABILITY AND CLIMATERESILIENCE DEVELOPMENT POLICY LOAN

2023

Seychelles

EASTERN AND
SOUTHERNAFRICA

25

25

25

25

P155642

Third South West Indian Ocean
Fisheries Governance and Shared
Growth Project (SWIOFish3)

2018

Seychelles

EASTERN AND
SOUTHERNAFRICA

5

-

3.36

0.84

515

P168993Strengthening Quality of theSocial Protection System

2021

Seychelles

EASTERN AND
SOUTHERNAFRICA

30

-

14

4.93

516

P177398

Eskom Just Energy Transition Project

2023

South Africa

EASTERN AND
SOUTHERNAFRICA

439.5

439.5

-

-

517

P150008

Land Bank Financial
Intermediation Project

2017

South Africa

EASTERN AND
SOUTHERNAFRICA

10.94

-

11.09

-15.93518

P174259South Africa COVID-19
Emergency Response Project2022

South Africa

EASTERN AND
SOUTHERNAFRICA480-

391.04391.04

519

P122735

Metro Colombo Urban
Development Project

2012

Sri Lanka

SOUTH ASIA

199.06-199.06-0.01

520

P147827

LK Water Supply and Sanitation
Improvement Project

2015

Sri Lanka

SOUTH ASIA

40

-

20.09

14.99

521

P159995

Accelerating Higher Education Expansion
and Development Operation

2017

Sri Lanka

SOUTH ASIA

67

-

60.53

10.06

522

P160005

Climate Resilience Multi-Phase
Programmatic Approach

2019

Sri Lanka

SOUTH ASIA

92

-

3.60

2.79

523

P163721

Sri Lanka: Primary Health Care
System Strengthening Project

2018

Sri Lanka

SOUTH ASIA

200-

131.82

21.80

524

P173867

Sri Lanka COVID-19 Emergency Response
and Health Systems Preparedness Project

2020

Sri Lanka

SOUTH ASIA

189-

172.17

4.05

525

P176164

Inclusive Connectivity andDevelopment Project2022

Sri Lanka

SOUTH ASIA

500-

338.05180.85526

P165973

Saramacca Canal System
Rehabilitation Project

2019

Suriname

LATIN AMERICAAND CARIBBEAN

35

-

9.63

7.01

527

P166187

Competitiveness and Sector
Diversification

2020

Suriname

LATIN AMERICAAND CARIBBEAN

23

-

3.63

0.59

528

P173989

Republic of Trinidad and Tobago: COVID-19
EMERGENCY RESPONSE PROJECT

2020

Trinidad andTobagoLATIN AMERICAAND CARIBBEAN

20

-

12.14

12.09

529

P162957

Tunisia Sanitation PPP Support Project

2023

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

112.8

112.8

-

-

530

P178380

Support to Small and Medium Enterprises
for Economic Recovery Project

2023

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

120

120

0.32

0.32

531

P179240

Tunisia-Italy Electricity Integration
and Renewable Energy Ecosystem

2023

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

268.4

268.4

-

-

532

P130637

Tunisia - Urban Development
and Local Governance

2015

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

430-

333.1922.20

533

P132381

Third Export Development Project (EDP III)2014

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

27.70

-

21.79

-0.78

534

P151030

Integrated Landscapes Managementin Lagging Regions Project

2017

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

23.00

-

19.71

5.69

535

P151059

Tunisia Tertiary Education for
Employability Project

2016

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

70

-

59.43

3.44

536

P158138

Youth Economic Inclusion Project

2018

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

25.82

-

17.49

-

537

P160245

Tunisia Irrigated Agriculture
Intensification Project

2018

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

140

-

42.66

13.16

538

P162297

Strengthening Foundations
for Learning Project

2018

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

68.96

-

31.19

5.80

539

P168273

Tunisia Energy Sector
Improvement Project

2019

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

151

-

33.56

5.99

#

Project ID

Project Name

513

P178209

514

102

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionDigital Transformation for UserCentric Public Services

2019

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

100

-

38.17

5.48

P173945

Tunisia COVID-19 Response project

2020

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

142

-

94.92

13.60

542

P176352

Tunisia COVID-19 Social Protection
Emergency Response Support Project

2021

Tunisia

MIDDLE EAST
AND NORTH
AFRICA700-

449.01

74.38

543

P179010

Tunisia Emergency Food
Security Response Project2022

Tunisia

MIDDLE EAST
AND NORTH
AFRICA

130

-

130

130

544

P173025

Climate and Disaster
Resilient Cities Project2023

Turkiye

EUROPE AND
CENTRAL ASIA

512.15512.15

1.09

1.09

545

P179867

Public and Municipal Renewable
Energy Project2023

Turkiye

EUROPE AND
CENTRAL ASIA

549.15549.15--546

P179255

Türkiye Green Industry Project2023

Turkiye

EUROPE AND
CENTRAL ASIA

450

450

-

-

547

P179345

Türkiye Climate Resilient Forests Project2023

Turkiye

EUROPE AND
CENTRAL ASIA

400

400

-

-

548

P180849

Türkiye Earthquake Recovery
and Reconstruction Project2023

Turkiye

EUROPE AND
CENTRAL ASIA

1000

1000

-

-

549

P181068

Türkiye: Post-Earthquake Micro,
Small and Medium Enterprises(MSME) Recovery project2023

Turkiye

EUROPE AND
CENTRAL ASIA

450

450

-

-

550

P174915

Türkiye Water Circularity andEfficiency Improvement Project2023

Turkiye

EUROPE AND
CENTRAL ASIA

434.60434.60--551

P179217

Land management infrastructure forgreen and sustainable development

2023

Turkiye

EUROPE AND
CENTRAL ASIA

85.44

85.44

-

-

552

P106284

Turkey Land Registration andCadastre Modernization Project

2008

Turkiye

EUROPE AND
CENTRAL ASIA

264.01-

239.12

7.16

553

P128605SUSTAINABLE CITIES2017

Turkiye

EUROPE AND
CENTRAL ASIA

132.77-133.71

25.15

554

P144534

Renewable Energy Integration

2014

Turkiye

EUROPE AND
CENTRAL ASIA

625-

399.79106.74555

P151739

Turkey Geothermal Development Project2017

Turkiye

EUROPE AND
CENTRAL ASIA

550-

250.7522.13

556

P152799

Health System Strengthening
and Support Project2016

Turkiye

EUROPE AND
CENTRAL ASIA

134.3

-

87.21

21.01

557

P158418

GEF Turkey Irrigation Modernization

2019

Turkiye

EUROPE AND
CENTRAL ASIA

252

-

74.73

36.17

558

P161915

Sustainable Cities Project 2

2018

Turkiye

EUROPE AND
CENTRAL ASIA

652.14

-

83.46

38.30

559

P162727

Gas Storage Expansion Project2018

Turkiye

EUROPE AND
CENTRAL ASIA

600-

308.648560

P162762

Turkey Energy Efficiency in Public Buildings

2020

Turkiye

EUROPE AND
CENTRAL ASIA

150

-

31.94

10.68

400

-

400

17.00

#

Project ID

Project Name

540

P168425541

561

P163225

Inclusive Access to Finance2018

Turkiye

EUROPE AND
CENTRAL ASIA

562

P170532

Rail Logistics Improvement Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA

350

-

3.86

2.12

563

P171645

Turkey Organized Industrial Zones Project

2021

Turkiye

EUROPE AND
CENTRAL ASIA

300

-

1.69

0.53

564

P171766

Formal Employment Creation Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA

347.35-234.94108.80565

P172562

Turkey Resilient LandscapeIntegration Project (TULIP)

2021

Turkiye

EUROPE AND
CENTRAL ASIA

135

-

2.10

1.58

566

P173988

Turkey Emergency COVID-19
Health Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA

600-

574.20476.31

567

P173997

Safe Schooling and Distance
Education Project

2020

Turkiye

EUROPE AND
CENTRAL ASIA

160

-

10.92

1.84

568

P174112Emergency Firm Support Project

2021

Turkiye

EUROPE AND
CENTRAL ASIA

500-

259.2577

569

P174144

Turkey Rapid Support for Micro and SmallEnterprises during the COVID-19 crisis

2021

Turkiye

EUROPE AND
CENTRAL ASIA

300-

299.1723.40

570

P175011

Turkey Climate Smart and Competitive
Agricultural Growth Project (TUCSAP)

2022

Turkiye

EUROPE AND
CENTRAL ASIA

341.27

-

1.06

1.06

103

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionSeismic Resilience and Energy
Efficiency in Public Buildings Project

2021

Turkiye

EUROPE AND
CENTRAL ASIA

265

-

2.00

1.84

P176608

Türkiye Earthquake, Floods and Wildfires
Emergency Reconstruction Project2022

Turkiye

EUROPE AND
CENTRAL ASIA

449.25

-

2.55

2.55

573

P175131

COVID-19 Response Project2021

Turkmenistan

EUROPE AND
CENTRAL ASIA

20

-

20

4.99

574

P178946

Public Expenditures for Administrative
Capacity Endurance (PEACE) in Ukraine

2022

UkraineEUROPE AND
CENTRAL ASIA

2021.91529.91521.89

1071.47

575

P180245

Health Enhancement And Lifesaving(HEAL) Ukraine Project2023

UkraineEUROPE AND
CENTRAL ASIA

103.5

103.5

36.16

36.16

576

P181023

Ukraine Relief and Recovery
Development Policy Loan

2023

UkraineEUROPE AND
CENTRAL ASIA

1500

1500

-

-

577

P128344

Social Safety Nets Modernization Project

2015

UkraineEUROPE AND
CENTRAL ASIA

750-

630.36

4.36

578

P132386

Second Urban Infrastructure Project

2014

UkraineEUROPE AND
CENTRAL ASIA

277.10-174.1816.03

579

P132741

The District Heating Energy
Efficiency Project

2014

UkraineEUROPE AND
CENTRAL ASIA

151.59-131.46

2.90

580

P144893

Serving People, Improving Health Project

2015

UkraineEUROPE AND
CENTRAL ASIA

349.73-315.28

16.56

581

P146788

Second Power Transmission Project

2015

UkraineEUROPE AND
CENTRAL ASIA

270-

182.52

27.62

582

P149322

Road Sector Development Project

2016

UkraineEUROPE AND
CENTRAL ASIA

337.8

-

337.8

25.92

583

P156766

Access to Long Term Finance2017

UkraineEUROPE AND
CENTRAL ASIA

250-

187.81

61.56

584

P166941

Accelerating Private Investment
in Agriculture Program

2019

UkraineEUROPE AND
CENTRAL ASIA

200

-

200

132.01

585

P171050

Ukraine Improving Higher
Education for Results Project

2021

UkraineEUROPE AND
CENTRAL ASIA

200-

130.780.28

586

P172348

Eastern Ukraine: Reconnect,
Recover, Revitalize (3R) Project

2021

UkraineEUROPE AND
CENTRAL ASIA

99.57

-

99.57

0.09

587

P175895

Ukraine Emergency COVID-19
Response and Vaccination Project

2021

UkraineEUROPE AND
CENTRAL ASIA

331.39-280.24

10.25

588

P176114

Improving Power System Resiliencefor European Power Grid Integration

2021

UkraineEUROPE AND
CENTRAL ASIA

177

-

0.46

0.01

589

P124181

Sustainable Management of Natural
Resources and Climate Change

2012

Uruguay

LATIN AMERICAAND CARIBBEAN

63.33

-

63.33

-0.02

590

P159771

Improving the Quality of Initial andPrimary Education in Uruguay

2017

Uruguay

LATIN AMERICAAND CARIBBEAN

40

-

40

2.29

591

P161989

Uruguay - Improving Service
Delivery to Citizens and Businesses
through E-Government Project

2018

Uruguay

LATIN AMERICAAND CARIBBEAN

12

-

11.02

2.08

592

P176105

Strengthening Pedagogy and Governancein Uruguayan Public Schools Project

2022

Uruguay

LATIN AMERICAAND CARIBBEAN

40

-

5.05

5.05

593

P176232

Uruguay Agro-Ecological and Climate
Resilient Systems Project

2022

Uruguay

LATIN AMERICAAND CARIBBEAN

35.5

-

7.10

2.10

594

P179007

Advancing Uzbekistan’s Economic
and Social Transformation
Development Policy Operation

2023

Uzbekistan

EUROPE AND
CENTRAL ASIA

350

350

350

350

595

P174322

Uzbekistan Scaling Solar 2
Independent Power Producer

2023

Uzbekistan

EUROPE AND
CENTRAL ASIA

-

12

-

-

596

P177825

Second Livestock Sector
Development Project2023

Uzbekistan

EUROPE AND
CENTRAL ASIA

90

90

-

-

597

P174323

Uzbekistan Syrdarya EfficientPower Generation Project2023

Uzbekistan

EUROPE AND
CENTRAL ASIA

-

29

-

-

598

P118737

Energy Efficiency Facility for
Industrial Enterprises

2010

Uzbekistan

EUROPE AND
CENTRAL ASIA

200-

140.3455.81

599

P133703

Horticulture Development Project2014

Uzbekistan

EUROPE AND
CENTRAL ASIA

650-

625.302.81

600

P156584

Modernization and Upgrade ofTransmission Substations

2017

Uzbekistan

EUROPE AND
CENTRAL ASIA

92

-

55.78

15.47

601

P158372

Agriculture Modernization Project

2020

Uzbekistan

EUROPE AND
CENTRAL ASIA

181

-

62.39

36.90

602

P162929

Medium-Size Cities Integrated
Urban Development Project

2019

Uzbekistan

EUROPE AND
CENTRAL ASIA

100

-

17.27

9.06

#

Project ID

Project Name

571

P175894572

104

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

IBRD
Cumulative
Net
Commitments

IBRD Net
Commitments
during the year
ended June30, 2023

IBRD
Cumulative Net
Disbursements

IBRD Net
Disbursements
during the year
ended June30, 2023

Approval
FYCountry

RegionFerghana Valley Rural Enterprise
Development Project

2019

Uzbekistan

EUROPE AND
CENTRAL ASIA

200-

143.3334.36

P176017

Second Rural Enterprise
Development Project2022

Uzbekistan

EUROPE AND
CENTRAL ASIA

180

-

24.80

24.80

605

P127978

Second Ho Chi Minh City
Environmental Sanitation Project

2015

Vietnam

EAST ASIA
AND PACIFIC

250

-

74.33

12.91

606

P151086

Vietnam Energy Efficiency for
Industrial Enterprises(VEEIE)

2017

Vietnam

EAST ASIA
AND PACIFIC

52.96

-

52.96

18.13

607

P152460

Vinh Phuc Flood Risk and Water
Management Project

2016

Vietnam

EAST ASIA
AND PACIFIC

150

-

52.66

20

608

P152851

Can Tho Urban Development
and Resilience

2016

Vietnam

EAST ASIA
AND PACIFIC

125

-

23.83

13.68

609

P156143

Vietnam Coastal Cities Sustainable
Environment Project

2017

Vietnam

EAST ASIA
AND PACIFIC

34.20

-

17.52

4.02

153,523.17

38,572.33

75,890.77

25,503.82#

Project ID

Project Name

603

P166305

604

105

FOREWORD

The World Bank Impact Report 2023

Notes on the World Bank Projects Commitment andDisbursement Schedule
IBRD Net Commitments during the year ended June 30, 2023: Represents the dollar value of the amount approvedby the Board of Executive Directors to be extended as loans by IBRD, net of Cancellations and Terminations (as defined

INTRODUCTION

below) during the year ended June 30, 2023.
IBRD Net Disbursements during the year ended June 30, 2023: Represents the dollar value of the amount transferredto the borrower, net of refunds made in cash by the borrower for unused funds during the year ended June 30, 2023.
IBRD Cumulative Net Commitments: Represents the dollar value of the amount approved by the Board of Executive
Directors to be extended as loans by IBRD, net of Cancellations and Terminations (as defined below), cumulatively overthe life of the loan.
IBRD Cumulative Net Disbursements: Represents the dollar value of the amount transferred to the borrower, net of
IMPACT

refunds made in cash by the borrower for unused funds, cumulatively over the life of the loan.
Cancellations: The portion of the undisbursed balance that is no longer available for future disbursement after signingof the loan agreement by the borrower.
Terminations: When the agreement for the approved loan was not signed by the borrower and the commitment amount

ISSUANCE
PROGRAMS

for the related loan is then terminated.
Foreign Currency: The schedule is expressed in terms of U.S. dollars for the purpose of reporting commitments anddisbursements. Commitments are reported at original U.S. dollar, i.e., the dollar equivalent as per the Board of Executive
Directors approved loan agreement. Disbursements are reported at historical U.S. dollar, i.e., translated at exchange
rates at the date of disbursements.
Regions: The World Bank uses regional groupings in its reporting noted in the following tables.

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALS

East Asia and Pacific
American Samoa

Korea, Rep.

Philippines

Australia

Lao PDR

Samoa

Brunei Darussalam

Macao SAR, China

Singapore

Cambodia

Malaysia

Solomon Islands

China, The People’s Republic of

Marshall Islands

Taiwan, China

Fiji

Micronesia, Fed. Sts.

ThailandFrench Polynesia

Mongolia

Timor-Leste

Guam

Myanmar

Papua New Guinea

Hong Kong SAR, China

Nauru

Tonga

Indonesia

New Caledonia

TuvaluJapan

New Zealand

Vanuatu

Kiribati

Northern Mariana Islands

Vietnam

Korea, Dem. People’s Rep.

Palau

106

IMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Europe and Central Asia
Albania
AndorraArmenia
Austria
Azerbaijan
BelarusBelgium
Bosnia and Herzegovina
Bulgaria
Channel Islands
Croatia

Gibraltar
GreeceGreenland
Hungary
Iceland
IrelandIsle of Man
Italy
Kazakhstan
KosovoKyrgyz Republic

NorwayPolandPortugal
Romania
Russian Federation
San Marino
SerbiaSlovak Republic
Slovenia
Spain
SwedenCyprusCzech Republic
Denmark
Estonia
Faroe Islands
FinlandFranceGeorgia
Germany

LatviaLiechtenstein
Lithuania
Luxembourg
Moldova
MonacoMontenegro
Netherlands
North Macedonia

Switzerland
Tajikistan
TürkiyeTurkmenistan
UkraineUnited Kingdom
Uzbekistan

RESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMS

Latin America and The Caribbean
Antigua and Barbuda
Argentina
Aruba
Bahamas, The
Barbados
BelizeBolivia
BrazilBritish Virgin Islands
Cayman Islands
Chile
Colombia
Costa Rica
Cuba

CuracaoDominica
Dominican Republic
EcuadorEl Salvador
GrenadaGuatemala
GuyanaHaiti
Honduras
Jamaica
MexicoNicaragua
PanamaMiddle East and North Africa
Algeria
BahrainDjibouti
Egypt, Arab Rep.
Iran, Islamic Rep.
Iraq
IsraelJordanKuwaitLebanon
Libya
Malta
MoroccoOman

Qatar
Saudi Arabia
Syrian Arab Republic
Tunisia
United Arab Emirates
West Bank and Gaza
Yemen, Rep.

CanadaUnited States

North America
BermudaEXTERNAL
REVIEW

Paraguay
Peru
Puerto RicoSint Maarten (Dutch part)St. Kitts and Nevis
St. Lucia
St. Martin (French part)St. Vincent and the Grenadines
Suriname
Trinidad and Tobago
Turks and Caicos Islands
Uruguay
Venezuela, RB
Virgin Islands (U.S.)

South Asia
Afghanistan
Bangladesh

BhutanIndia

Maldives
Nepal

Pakistan
Sri Lanka

107

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALSISSUANCE
PROGRAMSIMPACT

INTRODUCTIONFOREWORD

The World Bank Impact Report 2023

Sub-Saharan Africa
AngolaBenin
Botswana
Burkina Faso
BurundiCabo Verde
Cameroon
Central African Re-public
Chad
Comoros
Congo, Dem. Rep.
Congo, Rep
Côte d'Ivoire
Equatorial Guinea
Eritrea
Eswatini

Ethiopia
Gabon
Gambia, The
Ghana
GuineaGuinea-Bissau
Kenya
LesothoLiberia
Madagascar
MalawiMali
Mauritania
Mauritius
Mozambique
Namibia

Niger
Nigeria
RwandaSão Tomé and Principe
Senegal
Seychelles
Sierra Leone
SomaliaSouth Africa
South Sudan
Sudan
Tanzania
Togo
UgandaZambiaZimbabwe

FOREWORD

The World Bank Impact Report 2023

108

Disclaimer
This document has been prepared by the World Bank (International Bank for Reconstruction and Development, IBRD) for

INTRODUCTION

information purposes only, and the World Bank makes no representation, warranty, or assurance of any kind, express
or implied, as to the accuracy or completeness of any of the information contained herein. It is prepared by staff basedon reviews of the underlying project documentation. In the event of a discrepancy between the report and the underlying
source (project or bond documentation, or other source), the latter prevails.
This document is not an offer for sale of securities of the World Bank (International Bank for Reconstruction andDevelopment, IBRD). Any offering of World Bank securities will take place solely on the basis of the relevant offering
documentation including, but not limited to, the prospectus, term sheet, and/or final terms, as applicable, prepared by
the World Bank or on behalf of the World Bank, and is subject to restrictions under the laws of several countries. WorldIMPACT

Bank securities may not be offered or sold except in compliance with all such laws.
Any examples provided in this document are provided for illustrative purposes only, and no assurance can be provided
that disbursements for projects with these specific characteristics will be made by the World Bank during the term of a
specific World Bank bond.
Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any
ISSUANCE
PROGRAMS

particular projects or programs. Payments on the bonds described herein are not funded by any project or program.
Each recipient of this report is deemed to acknowledge that this is a proprietary document of the World Bank and byreceipt hereof agrees not to disclose it, or permit disclosure of it, to third parties without attributing the source or theprior written consent of the World Bank.
This document contains or references links to websites operated by third parties (“Third Party Websites”). These links
are provided for information purposes only. Third Party Websites are not under control of IBRD. IBRD is not responsible

EXTERNAL
REVIEWRESOURCESSUSTAINABLE
DEVELOPMENT GOALS

for the content of, or links contained in, any Third Party Website, and the inclusion of such links does not imply IBRD
endorses, recommends, or accepts any responsibility for the content of such Third Party Website.
All content (including, without limitation, the graphics, icons, and overall appearance of the presentation and its content)
are the property of the World Bank [unless otherwise noted]. The World Bank does not waive any of its proprietary rights
therein including, but not limited to, copyrights, trademarks and other intellectual property rights. All photos, graphics
and content are © World Bank, unless otherwise noted.

INVESTOR RELATIONS & SUSTAINABLE FINANCE
Capital Markets & Investments Department
The World Bank Treasury
1818 H Street, NW
Washington, DC 20433
USA
E
T

debtsecurities@worldbank.org+1 (202) 477-2880