Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness

Disruptive and transformative technologies (DTT) have far-reaching implications for development. Traditional development models are being disrupted by the accelerating pace of technological change and the convergence of multiple technologies, among...

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Main Author: Independent Evaluation Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/786861617809997610/Mobilizing-Technology-for-Development-An-Assessment-of-World-Bank-Group-Preparedness
http://hdl.handle.net/10986/35478
id okr-10986-35478
recordtype oai_dc
spelling okr-10986-354782021-06-14T09:53:40Z Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness Independent Evaluation Group DIGITAL TECHNOLOGY TECHNOLOGY CHANGE FINANCIAL TECHNOLOGY WORLD BANK GROUP STRATEGY WORLD BANK GROUP OPERATIONS Disruptive and transformative technologies (DTT) have far-reaching implications for development. Traditional development models are being disrupted by the accelerating pace of technological change and the convergence of multiple technologies, among other things. Recognizing the implications of DTT for development, the World Bank Group adopted a new approach to DTT in 2018, later merging it with its 2019 DTT Mainstreaming approach, and further developing it through the 2020 Mainstreaming Digital and Disruptive Technologies (MDDT) Initiative. The Bank Group’s approach encompasses five DTT corporate priorities (country diagnostics, agile regulations, digital connectivity, digital government, and skills and capabilities for the new economy and the role of education), the Bali Fintech Agenda (financial technology and digital entrepreneurship), and sectoral and regional programs (for example, Digital Economy for Africa Moonshot/Accelerate and Middle East and North Africa Tech). The Bank Group aims to help clients harness the opportunities and mitigate the risks of DTT to accelerate progress toward achieving the twin goals of ending extreme poverty and boosting shared prosperity. This evaluation sought to answer the question, How well prepared is the Bank Group to help clients harness the opportunities and mitigate the risks posed by DTT? 2021-04-21T14:24:15Z 2021-04-21T14:24:15Z 2021-04-07 Report http://documents.worldbank.org/curated/en/786861617809997610/Mobilizing-Technology-for-Development-An-Assessment-of-World-Bank-Group-Preparedness http://hdl.handle.net/10986/35478 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic DIGITAL TECHNOLOGY
TECHNOLOGY CHANGE
FINANCIAL TECHNOLOGY
WORLD BANK GROUP STRATEGY
WORLD BANK GROUP OPERATIONS
spellingShingle DIGITAL TECHNOLOGY
TECHNOLOGY CHANGE
FINANCIAL TECHNOLOGY
WORLD BANK GROUP STRATEGY
WORLD BANK GROUP OPERATIONS
Independent Evaluation Group
Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness
description Disruptive and transformative technologies (DTT) have far-reaching implications for development. Traditional development models are being disrupted by the accelerating pace of technological change and the convergence of multiple technologies, among other things. Recognizing the implications of DTT for development, the World Bank Group adopted a new approach to DTT in 2018, later merging it with its 2019 DTT Mainstreaming approach, and further developing it through the 2020 Mainstreaming Digital and Disruptive Technologies (MDDT) Initiative. The Bank Group’s approach encompasses five DTT corporate priorities (country diagnostics, agile regulations, digital connectivity, digital government, and skills and capabilities for the new economy and the role of education), the Bali Fintech Agenda (financial technology and digital entrepreneurship), and sectoral and regional programs (for example, Digital Economy for Africa Moonshot/Accelerate and Middle East and North Africa Tech). The Bank Group aims to help clients harness the opportunities and mitigate the risks of DTT to accelerate progress toward achieving the twin goals of ending extreme poverty and boosting shared prosperity. This evaluation sought to answer the question, How well prepared is the Bank Group to help clients harness the opportunities and mitigate the risks posed by DTT?
format Report
author Independent Evaluation Group
author_facet Independent Evaluation Group
author_sort Independent Evaluation Group
title Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness
title_short Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness
title_full Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness
title_fullStr Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness
title_full_unstemmed Mobilizing Technology for Development : An Assessment of World Bank Group Preparedness
title_sort mobilizing technology for development : an assessment of world bank group preparedness
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/786861617809997610/Mobilizing-Technology-for-Development-An-Assessment-of-World-Bank-Group-Preparedness
http://hdl.handle.net/10986/35478
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