The World Bank Annual Report 2005, Volume 2. Management's Discussion and Analysis

This World Bank Annual Report highlights the focus of the Bank activities in addressing worldwide poverty, describing the Bank work in promoting sustainable, economic growth, and in channeling needed services to poor people. Also detailed is the Bank's work toward achieving the Millennium Development Goals (MDGs); its institutional and global efforts toward effective development; and, its outreach to clients through Public Information Centers, and on the Web. Regional Perspectives are reviewed, through a breakdown of the Bank's lending and activities across the developing world, featuring highlights of projects in borrowing countries within each of the Bank's six regions. The Summary of Fiscal Year Activities provides a description of the Bank's development knowledge-sharing over the fiscal year 2005; a discussion of the Bank's approach to lending in low income, and middle-income countries; the Bank's resources; and a summary of the Bank's lending by region, theme, and sector, such as environmental programs and infrastructure projects. This section also describes the Bank's partnerships with public, private, and civil society stakeholders. The fiscal 2005 financial statements, organizational information, income by region, new operations approved in fiscal 2005, and various lending data are included on a CD inserted inside the back cover of this report.