Lasting poverty reduction requires the cooperation of various groups, including communities, civil society, government, and donor agencies. Working with these groups, the World Bank provides technical expertise and funding for poverty-reduction programs in areas such as health, agriculture, and basic infrastructure.
How are Priorities Selected? Working with governments and civil society, the World Bank develops an action plan called Country Partership Strategy (CPS) to broadly reduce poverty and promote economic development. The strategy describes what type of support and how much could be provided to a country during a 3 year period. The strategy supports the government's own development program and is specifically designed to the local conditions in the country. It also designates funding targets for projects, studies, and other support. The planned work outlined in the CPS focuses on financial sector development; state enterprise reform; support for the emerging domestic private sector; corporate governance; and private participation in infrastructure. IFC, MPDF and MIGA will expand their work to improve the climate for foreign and domestic investment. While organized around these cross-sectoral themes, the Bank Group program will continue to operate at the sectoral level, and wil continue to promote rural and urban development, and investment in human resources and physical infrastructure. More information:
   China Country Brief: An overview of development progress, challenges, and assistance.
  China Country Partnership Strategy: A detailed report on the projected lending and technical assistance provided by the World Bank. Back to top
Technical Studies and Reports The World Bank also produces country-specific studies and reports to provide countries with additional perspectives on a range of specific development challenges. Topics of research and analysis are outlined in the Country Partnership Strategy. Additional studies include reviews of economic policies (Country Economic Memoranda), fiscal spending (Public Expenditure Review), and environmental reviews (Environmental Action Plan). The World Bank promotes discussion of development issues through workshops and other events. These events bring together groups such as government policymakers, media, and civil society organizations to discuss how best to move forward on a given issue. More information:
 China Publications and ReportsÂ
  China News and Events
Projects Assistance Once a Country Partnership Strategy is drawn up, a country can begin to develop projects with World Bank financing and technical support. A project cycle is created to outline the process of financing, implementing, and evaluating a project. Various financing options are available based upon the type of assistance needed. Loans or credits for these projects are then submitted for approval to the executive directors, the World Bank's decision-making body representing all member countries. It is important to note that the implementation of projects is managed by the government itself. The government establishes an office that is responsible for aspects of implementation, such as procurement and selection of consultants. Operational policies set guidelines to ensure that projects meet the World Bank's criteria, including social and environmental standards. Project evaluations are also conducted to capture and share lessons for future work. More information:
  World Bank Supported Projects in China
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