" The World Bank Group aims to fight poverty with passion and professionalism for lasting results - to help people help themselves and their environments by producing resources, sharing knowledge, building capacity, and forging partnerships in the publicand private sector"
— World Bank Mission Statement
Creating, sharing and applying knowledge has always been an important part of the World Bank's programs to assist its member countries to promote growth and reduce poverty. It is only since the mid-90s, however, that the Bank has attempted to organize its knowledge activities in a systematic way to maximize their potential benefits.
The Bank's knowledge strategy has three pillars:
First, making effective use of knowledge to support the quality of our operations:
The Bank has established Thematic Groups (TGs), which are charged with capturing the information the Bank and other institutions have acquired in their areas of specialty, and processing this information into useful knowledge. Advisory Services (Ask Us) which are available to Bank staff as well as partners and clients, and provide quick responses to questions.
Second, sharing knowledge with our clients and partners:
The Comprehensive Development Framework(CDF) and the Poverty Reduction Strategy Papers(PRSP) have put this new way of working on the map. Increasingly, the Bank is supplementing this with a range of new technology-based programs which greatly enhance our knowledge sharing capacity.
Third, helping clients enhance their capacity to generate, access and use knowledge from all sources:
Ultimately, the success of national development efforts depends on the trained human resources and institutional arrangements available to carry them out. Supporting countries to enhance their development capacity is therefore central to the Bank's mission of poverty reduction.