The World Bank Annual Report 2011

Executive Directors continued to play an
important role as the World Bank faced many challenges in a
global post crisis economy. The Board considered a number of
key documents in preparation for the committee on
development effectiveness meetings. These included the World
Development Report 2011, which focuses on conflict,
security, and development, and responding to global food
price volatility and its impact on food security, which
examines the Bank's responses to food price increases
and climate change risks. The Board approved more than $42
billion in financial assistance in fiscal 2011, comprising
about $26 billion in International Bank for Reconstruction
and Development (IBRD) lending and $16 billion in
International Development Association (IDA) support. During
fiscal 2011 the Bank Group committed $57.3 billion in loans,
grants, equity investments, and guarantees to its members
and to private businesses. IBRD commitments totaled $26.7
billion compared with $44.2billion in 2010, but still above
pre crisis levels. The World Bank Group continues to operate
under a real flat budget, for the seventh consecutive year.