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 The Political Economy of Decentralization in Sub-Saharan Africa by
Cover of the book Doing Business 2018 by
Cover of the book Opening the Black Box by
Cover of the book Accelerating Clean Energy Technology Research, Development, And Deployment: Lessons From Non-Energy Sectors by
Cover of the book Africa Development Indicators 2010: Silent And Lethal: How Quiet Corruption Undermines Africa's Development Efforts by
Cover of the book Two Dragon Heads: Contrasting Development Paths For Beijing And Shanghai by
Cover of the book International Financial Reporting Standards: A Practical Guide by
Cover of the book Climate Change, Disaster Risk, and the Urban Poor: Cities Building Resilience for a Changing World by
Cover of the book Teachers In Anglophone Africa: Issues In Teacher Supply, Training, And Management by
Cover of the book Annual World Bank Conference on Development Economics 2011 by
Cover of the book The Changing Wealth of Nations 2018 by
Cover of the book The Evolving Regulatory Context For Private Education In Emerging Economies: Discussion Paper And Case Studies by
Cover of the book Breaking Into New Markets: Emerging Lessons For Export Diversification by
Cover of the book Global Development Finance 2008 (Vol I. Review, Analysis, And Outlook) by
Cover of the book Diversity In Career Preferences Of Future Health Workers In Rwanda: Where, Why, And For How Much? 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