Strategic Compact

The Strategic Compact is a plan for fundamental reform and renewal of the World Bank to make it more effective in achieving its basic mission of reducing poverty. Through the Compact, the Bank's shareholders and management will invest in and implement a series of changes over the next 30 months to transform the way the institution does business: improving its products, speeding up its processes, lowering its costs, and increasing its development impact. The Compact will also establish clear performance criteria against which progress will be measured, and for which Management will be held accountable.
This programme is aimed at making the Bank a quicker and less bureaucratic institutions, which is more able to respond continuously to changing client demands and global development opportunities and is more effective and efficient in achieving its main mission, that is, reducing poverty.