According to an official statement, the goal of the website is to make data related to the Bank’s financials available to everybody in a social, interactive, visually compelling, and machine readable format.

“The new site lets people do things they’ve never been able to do before with our data, such as find in an instant where we’ve disbursed money and then visualize that information,” said Chuck McDonough, the World Bank’s Vice President and Controller.

“We expect the data featured on World Bank Finances to contribute to a better understanding of our work at the global, regional, country, and project levels,” he said.

In addition, governments, NGOs, researchers, and application developers can interact with, manipulate, and share the data featured on World Bank Finances for their own unique needs and purposes.

The current list of datasets is expected to grow rapidly, as the Bank monitors usage patterns and feedback to determine the specific datasets to be published next.