The Technology and Innovation Centre of the World Bank Group operates as a knowledge and consulting facility for emerging technologies such as AI.
In both WBG internal and external operations, the lab researches and gives technology advice on new technologies’ potential for creative problem-solving and successful implementation techniques.
The lab has teamed up with WBG teams from various sectors to solve development issues through user-centric design and technology planning, as well as prototyping and discovery with AI [e.g., machine learning (ML), neural networks, natural language processing (NLP), assistive technologies (chatbots), and robotics] and other merging tech.
Designing insurance policies and information
Machine learning-based analytical initiatives:
- Automated textual content analytics- Using machine learning, monitor the extent and security of projects related to forced displacement by finance companies.
- Machine learning algorithms are used to simplify the processing, review, and interpretation of health data archives in order to examine the consequences and outcomes of the centralized purchase of hepatitis C virus drugs and treatments.
- Credit scoring- A machine learning-based credit rating model is used to examine how and which qualities and behaviors predict creditworthiness in different ways for men and women.
- Land use measurements- Distant sensing and machine learning are used to measure changes in land use to measure agricultural development in places where administrative data is lacking and data collection is costly.
The AI Committee is an inner administrative center within the World Financial Institution that was created to:
(a) Oversee the implementation of the World Financial Institution’s Access to Data Policy (the “AI Policy”) on a large scale.
(b) Apply the AI Coverage’s basic guidelines to your understanding.
(c) Make decisions about whether or not to train the Bank’s authority to release particular data that is on the list of exceptions (i.e., limited data) under the AI.
(d) If a request for data entry has been denied by the World Financial Institution, consider it and make a decision based on the appeals filed. The AI Committee’s decisions on appeals are open to the public.
If World Financial Institution denies a request for data entry, consider it and make a decision based on the appeals filed. The AI Committee’s decisions on appeals are open to the public.
The terms of reference of the AI Committee are open to the public (AIC TOR). The AI Committee is the first and final stage of appeal for objections alleging a violation of the AI policy, as well as the first and last stage of appeal for objections alleging a public interest case and for appeals against decisions denying access to data based on the financial institution’s exercise of its privilege to limit. In some cases, the AI Committee’s decisions are final.
To read our blog on Proposal for a regulation laying down harmonized rules on artificial intelligence (Artificial Intelligence Act), click here.