MARRAKECH, MOROCCO [PART 4 of 7] – Finance Secretary Benjamin E. Diokno expressed his support for the reforms introduced under the World Bank Group’s (WBG) Evolution Roadmap during the EDS15 Constituency Meeting with Executive Director Erivaldo A. Gomes on October 11, 2023.

The Evolution Roadmap, developed throughout the year leading up the 2023 Annual Meetings, outlines the Bank’s enhancements to its mission and vision, operating model, and financial capacity and model to better address the scale of ongoing development challenges such as poverty, shared prosperity, inequality, and cross-border challenges, including climate change, pandemics, and fragility, conflict and violence.

“[We] support the proposed new vision and mission, which reflect the continued relevance of the Bank’s Twin Goals of eradicating extreme poverty and boosting shared prosperity, while including the mandate to address global challenges,” Secretary Diokno said.

The new vision and mission statements have committed the Bank to creating “a world free of poverty – on a livable planet.”

“We also acknowledge and commend the Bank’s efforts to revamp its corporate scorecard as a new management tool to drive impact geared towards measurable outcomes aligned with the new vision and mission,” Secretary Diokno said.

The WBG’s enhanced corporate scorecard monitors its performance in key global and institutional priority areas, covering poverty, gender equality, learning poverty, health, job creation, well-being for people in fragility, conflict, and violence, food security, and the promotion of private investments.

The Office of the Executive Director for Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Panama, Philippines, Suriname and Trinidad & Tobago (EDS15) actively engages in the decision-making process of the WBG Board while taking into account the interests of member countries as well as the Bank.