The World Bank helps countries in their efforts to reduce poverty by providing support in addressing developmental constraints and building national capacity. The Bank's strategies are tailored to the conditions of borrowers and emphasize the principles of country ownership; participation by civil society and national and international development partners; and a holistic and long-term approach to both the diagnosis of poverty conditions and the assesment of policy and institutional constraints that should be addressed in order to improve poverty outcomes.
In country-specific work programs, the importance of small-state issues is increasingly taken into account in areas such as:
Developing a program of lending and non-lending services to support poverty reduction and reform is key, as is making use of the wide range of knowledge available from other development experiences. Careful monitoring of results is also essential.
The World Bank in Action in Small States
Other useful links:«Poverty Reduction Strategy Papers (PRSP)
«Country Assistance Strategies (CAS)
«Economic and Sector Work (ESW)
«International Development Association (IDA)
«Heavily Indebted Poor Countries Initiative (HIPC)
«International Finance Corporation (IFC)
«Multilateral Investment Guarantee Agency (MIGA)
«Board of Executive Directors
«World Bank Institute (WBI)