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by The World Bank
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Politics & Government
  • Author:
    The World Bank
  • ISBN:
    0821386654
  • ISBN13:
    978-0821386651
  • Genre:
  • Publisher:
    World Bank Publications (March 15, 2011)
  • Pages:
    144 pages
  • Subcategory:
    Politics & Government
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    1367 kb
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In response, the World Bank Group increased lending to unprecedented levels. This evaluation builds on a 2008 Independent Evaluation Group (IEG) assessment of Bank Group interventions during past crises and draws extensively on 11 country case studies and field visits.

In response, the World Bank Group increased lending to unprecedented levels. The World Bank posted a large increase in middle income countries (MICs), and a much smaller one in low income countries (LICs). The International Finance Corporation (IFC) focused on trade finance, mainly in LICs. Given the short time since the crisis response started, the evaluation is geared more to raising flags than to presenting definitive conclusions.

This evaluation assesses the World Bank Groupapos;s .

This evaluation assesses the World Bank Groupapos;s response to the global economic crisis. This is the second phase of a two-phase Independent Evaluation Group (IEG) evaluation of the World Bank Group response to the unprecedented global economic crisis of 2008-09. This second phase report evaluates relevance and efficiency of new crisis lending through financial, fiscal management, and social protection operations in response to questions rose in the first phase evaluation. Independent Evaluation Group.

The Independent Evaluation Group reports directly to the World Bank Group Boards of Executive Directors

The Independent Evaluation Group reports directly to the World Bank Group Boards of Executive Directors. The results of its evaluative findings are discussed by the Boards and its studies are carried out independent of the Management. Thank you for agreeing to provide feedback on the new version of worldbank. What was the purpose of your visit to worldbank. org today? Did the layout and navigation of the new site help you locate what you were looking for?

In response, the World Bank Group increased lending to unprecedented levels

In response, the World Bank Group increased lending to unprecedented levels.

Bank Group Client Countries during the Global Crisis, Ranked by Stress Indicators. Commitments, Disbursements, and Number of Operations, by Sector Board Clusters This second report of a two-phase evaluation of the World Bank Group’s unprecedented re-sponse to the 2008–09 global economic crisis addresses questions raised by the findings of the Phase I evaluation regarding the Bank’s crisis lending in the financial, fiscal, and social protection areas, and the adequacy of its lending instruments.

The global economic crisis of 2008-2009 led to a sharp reduction of growth worldwide with an increase in millions of. .

The global economic crisis of 2008-2009 led to a sharp reduction of growth worldwide with an increase in millions of poor persons. The World Bank Group responded with an unprecedented expansion of support that included the majority of countries suffering high levels of stress.

WBG Response to the Global Crisis Phase II Evaluation Findings The WB provided support to the majority of MICs suffering high levels of stress  Where it sometimes supported relevant financial and fiscal reform Most of the Bank’s crisis support went to countries that were moderately affected  Other factors also matter Many operations in moderately affected countries had limited short term crisis.

World Bank East Asia and Pacific Economic Update 2010 Volume 2: Robust Recovery Rising Risks. Low-Income Countries and the Global Clothing Value Chain in a Post-Quota and Post-Crisis World. Adjustment Programs in Africa: The Recent Experience. A Comparative Analysis on Tax Administration in Asia and the Pacific. Fiscal Monitor, April 2018. International Monetary Fund.

The World Bank’s Group’s Response to the Global Economic Crisis: Phase I.

The World Bank’s Group’s Response to the Global Economic Crisis: Phase II. World Bank. This book by the world’s leading authority on global social policy examines why and how the Social Protection Floor became ILO, UN and G20 policy and how the World Bank and IMF took steps to lay its foundation. Bob Deacon explains this development in terms of four influences: firstly, shifts in the global social structure, secondly, processes inside international institutions, thirdly, global actors -sometimes individuals - using their positions to make change, and fourthly, shifting discourses about social protection.

The World Bank Group has responded to the global economic crisis with a strong countercyclical expansion of financing. Its disbursements of $80 billion in the past two fiscal years were the largest among the Multilateral Development Banks. There was notable variation across the WBG, with vastly increased IBRD lending, moderately higher IDA financing, and overall responses from IFC and MIGA that were not counter-cyclical. The differences reflected the interplay of financial capacities, business models, and available instruments. While the level of financial flows is one aspect of crisis response, the crucial aspect is the results achieved with such financing and the related knowledge work of the WBG.The question going forward concerns the effectiveness and sustainability of the crisis response. Effective and efficient use of funds to sustain growth and ensure macroeconomic stability is more important than ever in view of emerging fiscal deficits and financial stress in client countries. It is vital that the WBG support help clients keep focused on structural reforms for inclusive and environmentally sustainable growth. The WBG needs mechanisms to ensure early warning and preparedness in the face of an increasingly uncertain global environment. Skills and institutional capabilities in key thematic areas, such as the financial sector, need to be maintained. Attention is also needed to ensure that knowledge activities are not crowded out in the face of tight budgets and resource demands resulting from increased lending.