Demand for products and services and progress in meeting business standards and performance will be among the indicators of success. The Bank will track progress made by client countries using the World Development Indicators . The foundation for establishing a stronger more comprehensive framework to track the progress of Bank operations and assess their impact was put in place in July 1996, when all new operations were required to be fitted with specific performance-monitoring indicators. About 40 percent of operations approved before July 1996 have also been retrofitted with performance indicators, and the remainder will be retrofitted before the end of fiscal 1998. Progress toward these targets will be reported annually to the Executive Board.
Good performance is a prerequisite for effectiveness.
Policy performance will continue to be reflected in the assessment of credit-worthiness and risk for IBRD countries and the criteria for IDA lending allocations.