The World Bank Group's Response to the Global Economic Crisis: Phase 1

Business & Finance, Economics, Economic Development
Cover of the book The World Bank Group's Response to the Global Economic Crisis: Phase 1 by , World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9780821386668
Publisher: World Bank Publication: March 15, 2011
Imprint: Language: English
Author:
ISBN: 9780821386668
Publisher: World Bank
Publication: March 15, 2011
Imprint:
Language: English
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.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
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.

More books from World Bank

Cover of the book Scaling Up Affordable Health Insurance by
Cover of the book Critical Connections by
Cover of the book Alternative Remittance Systems And Terrorism Financing: Issues In Risk Mitigation by
Cover of the book Measuring Inequality Of Opportunities In Latin America And The Caribbean by
Cover of the book Inclusive Green Growth: The Pathway to Sustainable Development by
Cover of the book Options To Increase Access To Telecommunications Services In Rural And Low-Income Areas by
Cover of the book Transforming Cities with Transit by
Cover of the book What Can We Learn From Nutrition Impact Evaluations?: Lessons From A Review Of Interventions To Reduce Child Malnutrition In Developing Countries by
Cover of the book Urban Labor Markets in Sub-Saharan Africa by
Cover of the book China's Information Revolution: Managing The Economic And Social Transformation by
Cover of the book Land In Transition: Reform And Poverty In Rural Vietnam by
Cover of the book Growing Industrial Clusters In Asia: Serendipity And Science by
Cover of the book Development as Freedom in a Digital Age by
Cover of the book Transforming Microfinance Institutions: Providing Full Financial Services To The Poor by
Cover of the book Connecting Landlocked Developing Countries to Markets: Trade Corridors in the 21st Century by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy