Chapter 1: Addressing Environmental Sustainability
The share of World Bank project components and IFC projects with potential environmental benefits increased by 4 percentage points over the past decade. For the World Bank, most of the increase has been for climate change mitigation and adaptation, for which there have been specific targets and mandates. However, support has declined in some areas such as biodiversity conservation and water resource management.
Chapter 2: WBG Operations Performance
The World Bank exceeded its corporate target for project outcome ratings by volume, but not by number of projects. IFC Investments and Advisory Services projects’ outcome ratings declined. MIGA projects’ development outcome ratings remained the same. Many of the factors of performance for the World Bank, IFC, and MIGA are fully within each institution’s control.
Chapter 3: Management Action Record
Analysis of recommendations in IEG’s 2017 MAR review finds that Management Action Plans are not always aligned with the intent of IEG's recommendations. This finding applies also to this RAP’s special topic, environmental sustainability. Consequently, the risk exists that IEG recommendations remain underaddressed even when Management Action Plans are fully implemented.