Multilateral Development: World Bank Reforms on Schedule But Difficult Work Remains

Pursuant to a congressional request, GAO reviewed the World Bank's efforts to carry out a plan of action to remedy the growing number of unsatisfactory projects the Bank finances and reorient it to the core mission of reducing poverty through sustainable development, focusing on the plan's 12 key tasks related to: (1) country assistance strategies and portfolio reviews; (2) the independent inspection panel; and (3) project completion reviews.