The World Bank Annual Report 2006, Volume 2. Management's Discussion and Analysis
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This World Bank Annual Report for FY2006
notes that the past year saw both progress and continued
challenges in the global fight against poverty and
inequality. The Report discusses the following topical
highlights: Debt relief for the poorest countries;
targeting development in Africa; addressing governance and
anticorruption issues globally; improving partnerships with
the international community; quick responses to potential
avian flu outbreaks; and disaster relief. There were 112
IBRD projects totaling $14.1 billion. The top three sectors
for lending were Law and Justice and Public Administration;
Transportation; and Energy and Mining. As for IDA
concessional lending, 167 projects totaled $9.5 billion. The
top three Sectors were Law and Justice and Public
Administration; Transportation; and Health and Other Social
Services. Non-lending Activities comprises 307 technical
assistance activities; and 601 economic and sector work
products. There were 16 major evaluations by the Independent
Evaluation Group reviewing the Bank's performance on a
range of activities including country assistance, debt
relief, development effectiveness, middle-income countries,
post-disaster assistance, and trade. More than 150
publications were issued, including Global Development
Finance 2006, Global Monitoring Report 2006, World
Development Indicators 2006, and World Development Report
2006: Equity and Development. While country-led poverty
reduction and national development strategies continued to
be important mechanisms for defining country priorities and
aid strategies, several additional issues moved to the
forefront of the Bank's activities during fiscal 2006.
These diverse issues included improving governance and
accountability, implementing a new Multilateral Debt Relief
Initiative, expanding initiatives undertaken within the 2005
Africa Action Plan, developing a framework for middle-income
countries, supporting agriculture in the poorest countries,
cooperating with other international organizations to combat
avian flu, searching for new approaches to deal with climate
change, and strengthening partnerships to put in place a
monitoring plan for the March 2005 Paris Declaration on Aid
Effectiveness. The Bank also responded to emergencies,
including the October 2005 earthquake in northern Pakistan
and the May 2006 earthquake in Indonesia.
Palabras clave
ACCOUNTING, ADJUSTMENT, ASSETS, ASSURANCE, BALANCE SHEETS, BENCHMARKS, BORROWER, BORROWING, BORROWING COSTS, BORROWINGS, CAPACITY BUILDING, CENTRAL BANKS, COMMITMENT, COMMITMENT CHARGE, COMMITMENT CHARGES, COMMITMENTS, COUNSEL, CREDIT GUARANTEES, CURRENCY POOL LOANS, DEBT, DEPOSITS, DERIVATIVES, DEVELOPMENT ASSISTANCE, DEVELOPMENT POLICY, DISBURSEMENT, DISBURSEMENTS, DISCOUNT RATES, ECO, ECONOMIC COOPERATION, EQUITY CAPITAL, EXCHANGE RATES, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL MARKETS, FIXED INCOME, FOREIGN CURRENCY, FORWARD CONTRACTS, FUNDING SOURCES, FUTURES, GUARANTOR, INTEREST RATE, INTEREST RATE CAPS, INTEREST RATE SWAPS, INTEREST RATES, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL DEVELOPMENT, INVESTMENT ACTIVITIES, INVESTMENT MANAGEMENT, INVESTMENT MANAGEMENT SERVICES, INVESTMENT PORTFOLIO, INVESTMENT RETURNS, INVESTMENT SECURITIES, LENDING OPERATIONS, LENDING RATE, LENDING RATES, LIQUIDITY, LOAN, LOAN AGREEMENT, LOAN AGREEMENTS, LOAN COMMITMENTS, LOAN DISBURSEMENTS, LOAN INCOME, LOAN LOSSES, LOCAL CURRENCY LENDING, MAINTENANCE OF VALUE, MARKET RISK, MATURITY, OFFERINGS, PAID IN CAPITAL, PORTFOLIO, PORTFOLIO COMPOSITION, PORTFOLIO MANAGEMENT, PORTFOLIO RETURNS, PORTFOLIOS, RETAINED EARNINGS, RISK MANAGEMENT, RISK MANAGEMENT POLICIES, SHAREHOLDERS, SINGLE CURRENCY LOANS, SPECIAL RESERVE, STATEMENT, STATEMENTS, SUBSCRIPTION, SUBSCRIPTIONS, SWAPS, TAL, TECHNICAL ASSISTANCE, VALUATION, WORKING CAPITAL