This paper updates the Governance and Anticorruption Strategy endorsed by the World Bank Board of Executive Directors on October 7, 2007. The Updated Strategy responds to the fundamental changes that have swept the world since the Strategy was adopted: the impact of the financial crisis on economies and governments globally; a spate of civil society movements protesting against marginalization from economic opportunities and growth; the rise of social media as a fundamental driver of transformation in social and political relationships; and increasing understanding among governments that greater participation by citizens and correcting disparities in status and opportunities between men and women will be critical to governing in the 21st century.