Economics & Development

On September 18, 2026, the Executive Directors of the International Bank for Reconstruction and Development and the International Development Association, and the Boards of Directors of the International Finance Corporation and the Multilateral Investment Guarantee Agency, approved by absence-of-objection procedure the recommendation in the Memorandum of the President for the World Bank Group SP500 Target Implementation Plan, with document references R2026-0196, IDA R2026-0206, IFC R2026-0273, and MIGA R2026-0101, dated September 15, 2026; the document is restricted to official use and may be disclosed only for the performance of official duties.

The Committee on Development Effectiveness met on September 18, 2026 at 2:33 p.m. in the Board Room with participation from committee members, other Executive Directors and Alternates, and Secretariat and legal staff. The Committee discussed the structure of the integrated Independent Accountability Mechanisms (IAMs), focusing on organizational arrangements and coordination needs. It was agreed that a report from the Committee to the Board would be prepared to capture the discussion and proposed way forward. The meeting adjourned at 4:07 p.m.