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 Inclusive Green Growth: The Pathway to Sustainable Development by
Cover of the book India And The Wto by
Cover of the book Convergence In Information And Communication Technology : Strategic And Regulatory Considerations by
Cover of the book Privilege-Resistant Policies in the Middle East and North Africa by
Cover of the book The IBNET Water Supply and Sanitation Performance Blue Book: The International Benchmarking Network for Water and Sanitation Utilities Databook by
Cover of the book Global Economic Prospects, January 2017 by
Cover of the book Financial Development in Latin America and the Caribbean: The Road Ahead by
Cover of the book Decentralization And Local Democracy In The World: First Global Report By United Cities And Local Governments 2008 by
Cover of the book Dancing with Giants: China, India, and the Global Economy by
Cover of the book Leveraging Migration for Africa: Remittances Skills and Investments by
Cover of the book Doing Business 2019 by
Cover of the book Integrity In Mobile Phone Financial Services: Measures For Mitigating The Risks From Money Laundering And Terrorist Financing by
Cover of the book Work and Family by
Cover of the book The World Bank Legal Review: International Financial Institutions and Global Legal Governance by
Cover of the book Integration Of Revenue Administration: A Comparative Study Of International Experience 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