We've written about  open data  quite a bit  on Inside the Web  in the past because we believe that making data open to a wider audience is important for international development. The launch of our API  was an important first step for our open data efforts — today, we're taking the next big step.
And it's more of a leap than a step.
Today, we're excited to annouce that the World Bank is opening up a significant portion of its data to the world , for free. This constitutes one of the largest collections of open data on development and global economics on the web.
You can find all the data on the new data.worldbank.org , where you can search indicators, download data sets, visualize and map indicators, and use our web services (API) to build your own applications
Here's a video by World Bank President Robert B. Zoellick  with more on the open data initiative:
Of course, this is just a first phase: we'll be adding more datasets, creating more functionality, and updating the API over the next few weeks and months. We'll also be hosting events and programs for the developer community, and responding to your requests for features and other ideas.
Check out data.worldbank.org  and see the new direction that we're moving in here at the Bank. Let us know if you have any questions, if you catch any bugs, or if you have any ideas for the future.
And of course, if you're using the data in new and innovative ways, let us know and we'll be glad to feature your projects and applications here and on the site.
Looking forward to your feedback.