The World Bank, a global financial institution that provides loans to developing countries, has announced a major overhaul of its operations in an effort to promote global progress. The World Bank's new strategy, called 'Revolutionizing the World Bank', aims to modernize the institution's operations and make its services more accessible to the countries it serves. The new strategy will focus on increasing the transparency and accountability of the World Bank's operations, as well as improving the efficiency of its services. The World Bank's President, David Malpass, said in a statement that the reforms were necessary to ensure the institution's continued relevance in the 21st century. "We must ensure that the World Bank is a trusted partner for our clients, and that we are able to respond to their needs quickly and effectively," he said. The World Bank's new strategy will involve a series of initiatives, including the introduction of new digital technologies to improve the delivery of its services, as well as the strengthening of its anti-corruption measures. The institution also plans to increase its focus on environmental sustainability and climate change, and will be launching new initiatives to support countries in their transition to a low-carbon economy. The World Bank's reforms are seen as an important step towards achieving the Sustainable Development Goals set by the United Nations. The institution's new strategy is expected to have a positive impact on the lives of millions of people in developing countries, and is seen as a necessary step towards global progress.