The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.
World bank is helping developing countries to face with COVID-19 pandemic.
The COVID-19 pandemic has caused an unprecedented public health, economic, and social crisis, threatening the lives and
livelihoods of millions. The economic shock is increasing poverty, worsening inequalities, and reversing development gains.
As the global economy begins a gradual recovery, uncertainty surrounds near- and medium-term prospects. We call for
sustained, differentiated, and targeted financial and technical support for an adequate policy response, strong coordination
across bilateral and multilateral organizations, and further support to the private sector. We urge the World Bank Group
(WBG) and the International Monetary Fund (IMF), in line with their respective mandates, to work closely together and with
other partners to contain the impacts of the pandemic. We also ask the WBG to continue its support to countries in achieving
the twin goals of ending extreme poverty and boosting shared prosperity and to promote green, resilient, and inclusive
development (GRID), as well as support for the SDGs.
Message to the owners of Bitcoin
Similarly Bitcoin cryptocurrency should also help such countries which are developing and have many economic and social crises..