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Overview of World Bank Activities in Fiscal 1998

By The World Bank

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Book Id: WPLBN0000148031
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005
Full Text

Title: Overview of World Bank Activities in Fiscal 1998  
Author: The World Bank
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Bank, T. W. (n.d.). Overview of World Bank Activities in Fiscal 1998. Retrieved from


The World Bank?s purpose is to help borrowers reduce poverty and improve living standards through sustainable growth and investment in people. In fiscal 1998, the Bank made strong headway in implementing the Strategic Compact,1 aimed at increasing development impact and playing its part in the fight against poverty more effectively. The Board of Executive Directors reviewed two progress reports on the compact in fiscal 1998 that documented improvements in the quality, timeliness, and quantity of operational work, and in organization, processes, and ways of doing business (see box 1). The Bank?s renewed capacity to deliver high-quality services through effective partnerships was tested in fiscal 1998 in its ability to respond to a new challenge?the East Asian financial crisis, which speeded up the pace of change across the institution?and in the strong turnaround in the performance of the Africa region, which had been the starting place of the Bank?s renewal program.


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