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At the annual World Bank-IMF meetings today, the World Bank announced that it will double its openly available API from 2,000 to 4,000 ‘development indicators’ (1,000 of which have been geo-coded for the first time). The Bank is also launching an app competition on October 7, and will offer six new analysis tools, including two visualization tools.

The worldwide organization, which has a mission, “to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors,” originally launched its API in April of this year with 2,000 development indicators. Today, however, the organization, which by its own admission used to be “an ivory tower” has doubled that number with World Bank’s Nicole Frost saying in a press release:

In addition to the rich datasets of the API, The World Bank is also launching six new tools:

ADePT, an innovative software program designed to simplify and speed up the production of tables and graphs in economic data.

PovCalNet, allowing users to replicate the Bank’s global poverty counts and make their own estimates based on different assumptions.

iSimulate, a web-based forecasting model of more than 100 countries that won’t only give users access to Bank forecasts but allows them to design their own forecasts and simulations, and share them with others.

WITS, for accessing trade data which will, for example, let a producer anywhere in the world with a laptop, internet connection and an agricultural or manufactured product to sell, identify trade barriers that he or she will face in export markets around the world.

Mapping for Results, an interactive pilot platform, launching later this month, that overlays poverty and Millennium Development Goal (MDG) data such as infant mortality rates, with the geographic location of over 1,000 World Bank financed products

AidFlows, a joint OECD-World Bank data visualization tool that includes data on donor country amounts and for the first time, makes that data sortable by donor and country recipients.

So what does all of this mean for The World Bank and international aid agencies as a whole? Well, the World Bank has certainly been helping to spearhead the connection between the development community (and people interesting in crowdsourced solutions to problems) and the NGO community. For example, the Bank has partnered with Google, Yahoo and Microsoft on the Random Hacks of Kindness hackathons, and has been a strong supporter of the CrisisCommons movement as well. On an even broader scale (if that is possible) the rapid opening up of the World Bank’s data is something that even insiders such as Aleem Walji, a program manager at the associated World Bank Institute, thought would happen just a few years ago: Read more at thenextweb.com