World Bank President Ajay Banga has introduced a streamlined 22-point corporate scorecard to enhance the institution’s efficiency and transparency. The announcement comes ahead of the World Bank and IMF’s semi-annual meetings set to take place next week in Washington, D.C.

The revised scorecard reduces the number of performance indicators from around 150 to 22, focusing more on measurable outputs. According to Banga, the change aims to sharpen the Bank’s focus rather than diminish its ambitions, enabling stakeholders to more easily track progress and hold the institution accountable.

Since taking office in June 2023, Banga has been implementing reforms to make the World Bank “bigger and better.” These adjustments reflect efforts to improve the organization’s impact, align with development priorities, and meet evolving global challenges.

The simplified scorecard is part of the Bank’s ongoing push to improve efficiency and transparency while supporting global development initiatives more effectively.