The World Bank Group promotes small and medium enterprise (SME) growth through both systemic and targeted interventions. Targeting means focusing benefits on one size-class of firms to the exclusion of others. Targeted support for SMEs is a big business for the World Bank Group, averaging around $3 billion a year in commitments, expenditures, and gross exposure over the 2006-12 period. In the context of broader reforms, such targeted support can be a powerful tool. Targeting SMEs is not an end in itself, but a means to create economies that can employ more people and create more opportunity...

The Independent Evaluation Group's (IEG) Results and Performance of the World Bank Group (RAP) is a comprehensive assessment of World Bank Group performance, drawing on recent IEG evaluations. The report also examines how effectively the World Bank Group addressed current and emerging development challenges. This year's RAP focuses on gender integration in World Bank Group operations, building on previous examinations of World Bank Group approaches to risk management (RAP 2013) and the Millennium Development Goals (RAP 2014). 'No country, community, or economy can achieve its potential or...