Wednesday, November 09, 2011


IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau


World Bank



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Press Release 9 November 2011

The World Bank’s Financial Data, Open and Transparent

Press Release No:2012/148/CTR,,contentMDK:23043906~pagePK:34370~piPK:34424~theSitePK:4607,00.html

WASHINGTON, November 9, 2011 – Continuing its efforts to encourage openness and transparency globally, the World Bank now discloses its financial data through an open data website and mobile application. This further enriches the Bank’s vast storehouse of openly available development data and addresses the demand for easier access to the Bank’s financial data.


World Bank Finances is part of the Bank’s open data initiative and features publicly accessible data related to the Bank’s finances. The website,  features both unvarnished and prepackaged views of data. Currently the site includes data related to the Bank’s investments, financial statements, budget, financial intermediary funds (the assets the Bank manages on behalf of global funds), and trust funds (financial and administrative arrangements the Bank enters with external donors to address high-priority development needs).


Chuck McDonough, World Bank Vice President and Controller said, “With World Bank Finances, our goal is to reach and engage citizens interested in the Bank’s financial data, empower them to participate in the development process, and actively contribute to the drive for open government. The current effort is a glimpse into an alternative way for the Bank to supervise loans, an opportunity to collaborate and be more responsive in all areas of business—from generating specific project ideas to anti-corruption activities.


The World Bank Finances mobile app, combines the Bank’s financial and project data and puts data into a context that is easier to understand and use. Currently, the app features active IBRD and IDA financial information at the country, project, and loan/credit/grant levels.


People interested in learning more about the Bank’s financing activities can now use World Bank Finances to get information like the latest disbursement figures to countries/projects; details on the types of projects the Bank funds; the countries that contribute to or borrow from the Bank; the various global funds the Bank manages; and the Bank’s administrative budget.


World Bank Finances makes it easier for people to explore, manipulate (filter, visualize, and export), interact with others (share and discuss), provide feedback to the Bank, and innovate using the Bank’s financial data.


In the coming months, the World Bank plans to add more datasets, introduce multi-lingual versions of the platforms, include geo-locations/sub-national locations to the data, build apps for additional mobile devices, seek data partnerships with governments/partners, and convene an ideas challenge surrounding its financial data.


To download the app, please click here.

To access the website, please click here.


About the World Bank’s Open Data Initiative

Over the past three years, the World Bank Group has been actively working to make its operations and research more open, transparent and accountable. Two pillars of this effort have been the Open Data initiative, a range of reforms enabling free access to data that had previously only been available to paying subscribers; and the Access to Information Policy, a ground-breaking change to how the Bank makes information about its projects, analytical and administrative activities and Board proceedings available to the public.


The World Bank’s rapidly expanding Open Data initiative via has been unlocking the institution’s world-class knowledge and development data for researchers, activists, students and development practitioners across the globe.  




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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       



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