The world bank institutes program on building knowledge. Library of congress cataloginginpublication data kusek, jody zall, 1952 ten steps to a resultsbased monitoring and evaluation system. Knowledge sharing and innovation english the world bank. This work is a product of the staff of the world bank with external contributions. Knowledge, among other things, empowers institutions, communities and individuals to plan and implement interventions and sustain the. World bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management. Probably no better or more succinct singleline definition has appeared since. This means that, in a way, as an idea development is inherently contemporary. This article looks at knowledge management, using a case study of the world bank s research department, located in the bank s development economics vicepresidency dec. Recent world bank data indicate that financial markets have stabilized. Knowledge flow and collaboration under the world bank s new operating model.
A brief introduction to the world bank and the international monetary fund imf the language of development and the notion of a third world are products of the postwwii mood era. Knowledge management is the process of capturing, distributing, and effectively using knowledge. I am currently a director of the sd learning consortium. Dec 18, 2019 knomad, the global knowledge partnership on migration and development, is an open, inclusive, multidisciplinary brain trust for the global migration community.
Practice of knowledge management strategy by banking industry of nepal manoj k. At the programs inception, it was attached to the information technology group because attention was primarily focused on building a knowledge management system, i. Capacity for knowledge management in organizations ckmo a program of the world bank institute much in the same way that national leaders are developing strategies to remain competitive in the new, global knowledge based economy, more and more organizations in the public. Wolfensohn, envisioned a knowledge bank to enable the company to play a leading role in a new knowledge partnership world bank aspired to use knowledge management to increase employee effectiveness and efficiency across the organization. A role for the world bank group historically, the global architecture for governing migration is marked by a dichotomy between refugees and migrants. Knowledge of development practices has always been at the core of the world bank s business. The location of the central knowledge management unit in the world bank has evolved over time. Since the generation and transfer of development knowledge by the world bank is important in facilitating its objectives, getting a better understanding of the quality. The key challenges facing the world bank president an independent diagnostic april 16, 2012 the diagnosis has been prepared by a team of members under the auspices of the 1818 society, the official world bank alumni association.
World bank annual report 2018 open knowledge repository. The world bank annual report 2011 world bank group. The world bank working for a world free of poverty 2. World bank annual report 2016 open knowledge repository. The key challenges facing the world bank president an. The imf and the world bank the international monetary fund imf and the world bank are institutions in the united nations system. The world bank a guide to third edition public disclosure authorized public disclosure authorized public disclosure authorized public disclosure authorized.
Let us make an indepth study of the origin, functions, objectives and critical evaluation of world bank. Managing knowledge, learning, and data for operations. Today, wbi helps develop individual, organizational, and institutional capacity in the world bank s member. Oversees the banks finances, accounting, risk management, internal controls, and institutional integrity. Explore the open learning campus wbx talks explore nuggets of knowledge through podcasts, videos, webinars, infographics, mobile apps, and games that provide a. Wansup kim, program manager for the world bank korea office, welcomed participants by emphasizing the importance of sharing knowledge with peers from the other participating countries, as well as with the korean experts and practitioners.
As a global development leader, the world bank is promoting innovative. Generally, the governors are member countries ministers of finance or ministers of development. Although knowledge sharing is now an integral part of the world bank s operations and mission, it has not always been this way. While the rate of disbursement on the six bank financed projects has increased significantly over the past several years, it has remained substantially less than the rate at which new commitments are being made. To ensure that countries can access the best global expertise and help generate. It uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. Apply to intelligence analyst, monitor, investment banking analyst and more. While it is intended primarily as a guide for our own work, we hope that. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the world bank, its board of executive directors.
Knowledge management at the world bank case solution, knowledge management at the world bank case analysis, knowledge management at the world bank case study solution, this case tracks the history and development of knowledge management in the world bank. Oct 14, 20 role of knowledge management in banking sector 1. Community of practice is struggling with its mission and how knowledge management can help. The goal of knowledge management at the world bank is to incorporate better management of what the bank knows within the operational workflow, providing faster and more effective access to relevant knowledge, which can help staff work more efficiently, effectively, and with agility. One critical element in the world bank knowledge sharing strategy was the public commitment made by its president to build a knowledge bank. Knowledge management at the world bank hks case program.
Knowledge management as an important tool in organisational. The world bank wb was originally created as the international bank for reconstruction and development ibrd in 1944 along with its twin, the imf. The world bank institute wbi was established by the world bank in 1955 to train government officials concerned with development planning, policymaking, investment analysis, and project implementation in developing countries. For many years i worked at the world bank, where i held many management positions, including director of knowledge management 19962000. This case traces the history and evolution of knowledge management at the world bank. Mizing the risk of corruption in world bankfunded projects. At the world bank, anand rajaram, tuan minh le, kai kaiser, jayhyung kim, and jonas frank initiated and led the global work on public investment management and coordinated the. During fiscal 2018, the executive directors worked closely with management to implement the vision for the world bank group wbg as set. Knowledge of development practices has always been at the core of the world banks business. As information is made available in a variety of formats, the need to manage this variety of information ty. We had worked with their team two years ago to build the system then meant to facilitate internal.
Part 2 case analysis, knowledge management at the world bank. Pdf tacit knowledge for the development of organizations. While primarily a financial institution offering customized loans and grants across a wide range of sectors in some 100 countries, the world bank has increasingly become involved in developing, storing, and transferring knowledge requested by its clients for project and other development. It is no longer a controversy that we live in a globalised world characterised by fast information transfer across large geographic areas by. This case is about decision making, knowledge management, leadership.
Since 2008, the world bank groups organizational knowledge sharing program, initially housed at the world bank institute and later at the vice presidency for leadership, learning, and innovation, has engaged with country officials and development practitioners on how to. Knowledge management at the world bank knowledge management. Practice of knowledge management strategy by banking industry. Knowledge management was not undertaken for its own good. This strategy for reforming public institutions and strengthening governance is part of a broader world bank s effort to delineate sector and thematic strategies to guide our work. World bank programs give high priority to sustainable human and social development and to strengthened eco nomic management, with an emphasis on. World bank group refers collectively to ibrd, ida, ifc, miga, and icsid. Kmworld is the only magazine, website and conference dedicated to news, trends and case studies in knowledge management, content management and document management. Knowledge management at the world bank case solution and. Now theres an rising interest and need for its formal knowledge an. How the world bank launched a knowledge management program. The classic oneline definition of knowledge management was offered up by tom davenport early on davenport, 1994. So, this paper first discusses the definitions of knowledge and knowledge management, and then analyzes the necessities and.
The cost of the world bank, and its focus on poverty the world bank group operates through divisions that have differing roles. In the intervening decade more accurate and comprehensive data became available for most regions of the world. The views expressed are those of the team and do not necessarily reflect the views of the 1818 society or its membership. Evolution of the knowledge bank km magazine world bank.
Managing the implementation of development russell d. All dollar amounts used in this annual report are current u. Therefore, the goal is to create a knowledge andlending bank, not just a knowledge bank. Given this mission to increase the world bank s role in creating, aggrandising, distributing, and brokering knowledge that is, in knowledge management it makes sense to look more carefully at how world bank research is conducted and distributed to see if this is, in fact, the case. We recently upgraded the knowledge management system of the world bank s communications team. Ending extreme poverty by 2030 and boosting shared prosperity in a sustainable manner are the driving missions for the world bank group. These include loans, credits, grants, guarantees, project financing, and financial risk management.
Knowledge flow and collaboration under the world banks. As a result of this thirteenyear effort, by 2009 there was a fair amount of acceptance and support within the bank for the new. Any queries on rights and licenses, including subsidiary rights, should be addressed to world bank publications, the world bank group, 1818 h street nw. Because the world bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. They are complemented by job specific competencies that define technical knowledge and skills for jobs across the organization. This case tracks the history and development of knowledge management in the world bank. The world bank provides financing and services to low and middleincome countries to support development and change. Managing director, development policy and partnerships, mari pangestu.
Chaudhary abstractempirical evidence supports the view that nepalese banks with a knowledge management capability will also use resources more efficiently. What we do the world bank, like many development organizations. Apply to vice president, specialist, portfolio manager and more. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Therefore, this study finds that a firms km strategy relates to its strategic arrangements in building and. Zoellick, president of the world bank group, 2007 robert wallispanos pictures. In addition, the world bank is often host to the fif secretariat and one of the implementing entities see figure 1. This was a business decision anchored on the realization that the new opportunities were worth the shock of cultural and technological transformations that the bank was going to introduce. It provides quantitative indicators covering 12 areas of the business environment in 190 economies. Ida the world banks fund for the poorest 3 who we are the international development association ida is the part of the world bank that helps the worlds poorest countries. Strengthening debt management is critical to a countrys economic wellbeing. As background to an assessment of the bank s knowledge sharing activities, this paper presents an exploration of the literature on the factors that can affect knowledge sharing success.
Dei, degraft johnson amenuveve today all over the world, information is being created and communicated at a faster rate than ever before. The findings, interpretations, and conclusions expressed in this work. This includes the use of professional development for school management officials, broader sharing of managerial and institutional best practices, creation of international peer action networks, and the development of new or. Knowledge management is essential for banking sector in today. The world bank is like a cooperative, made up of 189 member countries. Doc world bank case study knowledge management macs. The world bank and the international monetary fund imf. On april 34, margot brown, world bank s director of the global operations knowledge management unit gokmu, and maria gonzalez asis, manager strategy and operations gokmu and head of the global delivery initiative, participated in the knowledge for development. Potential world bank roles in financial intermediary funds iii. Solid waste management in asia hoornweg and thomas 1999, with an estimate of waste quantities and composition for asia. Official pdf, 87 pages world bank documents world bank group.
Official pdf, 272 pages world bank documents world bank group. World bank 2020 doing business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. Knowledge sharing at the world bank the fad that would not go away the following article appeared in knowledge management magazine, decjan 2004 issue. The world bank group wbg core competencies are the critical ebhaviors required of wbg staff. Part 2 case study solution, this case is about the way in which the world bank, after finding out that the creation and dissemination of knowledge to the international development com. The complete financial statements, including managements discussion and analysis.
The wbg offers a wide range of financing instruments and financial products to developing countries. The world bank wanted to develop a new workshop helping their mission clients understand knowledge management systems value and functionality. Any queries on rights and licenses, including subsidiary rights, should be addressed to world bank publications, the world bank group, 1818 h street nw, washington, dc 20433, usa. Wolfensohn, envisioned a knowledge bank to enable the company to play a leading role in a new knowledge partnership world bank aspired to use knowledge management to increase employee effectiveness and. Two key, interrelated institutions of development are the world bank and the imf. Although the first financial institution offering customized loans and grants in a wide range of sectors in over 100 countries, the world bank has increasingly become involved in the development, storage, and transfer of knowledge, at the request of its customers for the project and other development. Established in 1960, ida aims to reduce poverty by providing loans called credits and grants for programs that boost economic growth, reduce.
This decision to share, taken by the chief executive officer, sheltered the organization from lengthy discussions that typically surround the development of strategies in large organizations. Revised bank knowledge management and development strategy. Their approaches to this goal are complementary, with the imf focusing on macroeconomic issues and the world bank concentrating on long. It provides advice only and demonstrates good practice. But access to institutional knowledge and sharing of that knowledge among staff and with clients has not been optimal.
Improving knowledge management at the world bank with drupal. The purpose of this study is to examine the concept of tacit knowledge and the application of it for the development of organizations. Managing director and world bank group chief administrative officer, shaolin yang. Document of the world bank group for official use only report no. Now theres an increasing interest and need for its proper knowledge and the sharing of bank knowledge based advisory services. World bank president and knowledge management sponsor, james d. The goal of knowledge management at the world bank is to effectively manage the knowledge generated through world bank projects, providing faster and more effective access to relevant internal and external knowledge to maximize its impact for clients. The purpose of km is to give value to the information which resides in organizations resulting in value add. These member countries, or shareholders, are represented by a board of governors, who are the ultimate policymakers at the world bank. Three of these groups can arguably be interpreted either through the narrow lens of addressing international capital market imperfections or through the broader lens of poverty reduction. Bank knowledge management and development strategy 20082012 1. Cross support is generally defined as staff time of an expert or specialist purchased from outside the responsible unit for a specific task ieg, 2012, pg. He also highlighted the role of the world bank office in korea, which serves as a hub for. An important channel through whichinternal knowledge transfer occurs in the world bank is cross support.
They share the same goal of raising living standards in their member countries. Introduction to the world bank group and ida l the world bank group wbg assists in development by providing. The world bank group works in every major area of development. Throughout the report, the term world bank and the abbreviated bank refer only to ibrd and ida. Ek partnered with the world bank to customize and deliver this training around the world. Delivering, expanding, and testing this learningin tandem with financing or separatelyis the most important part of our work. In modern times, more and more banks are operating with knowledge. To remain relevant to the needs of a rapidly changing region, adb must now expand its role in catalyzing knowledge for innovation and development. The world bank is currently involved in more than 1,500 active projects, which offers a huge source of knowledge and a huge source of knowledge demand, as the projects create new knowledge and require the best of existing expertise.
This is a followup, part 2 to an earlier case published by the harvard kennedy school case number 1936. Knowledge management as an important tool in organisational management. Development projects are implemented by borrowing countries following certain rules and procedures to guarantee that the money reaches its. This guidance should be read with reference to the world bank procurement regulations for ipf borrowers, the guidance on project procurement strategy for development long form detailed guidance, and the guidance on value for money. Jul 20, 2012 for many years i worked at the world bank, where i held many management positions, including director of knowledge management 19962000. May, 2014 the impact of information systems on commercials banks performance in ghana. The world bank group is one of the world s largest sources of funding and knowledge for developing countries. And migration has not been the focus of successful multilateral agreements.
The world bank is working with governments and partners to build capacity to organize and manage education systems. Documents in both text and downloadable pdf format can. This instance is all about the way in which the world bank, after discovering that the creation and dissemination of knowledge to the international development community was clearly one of their tactical functions and goals, converted from running. Part 2 case solution, knowledge management at the world bank. The world bank 1818 h street nw washington dc 20433 telephone.