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The UK is a major funder of the World Bank, a crucial tool in our development work. My Department monitors and assesses the effectiveness of the World Bank continually. We formally review each funding stream to the World Bank Group annually and we publish our assessment online. Our latest assessment concluded that the International Development Association – the concessional arm of the Bank - is ‘performing above expectations’. Amongst other things our money has contributed to the immunisation of 330 million children in the last 9 years.