The World Bank Group's Response to the Global Economic Crisis : Phase 2

Independent Evaluation Group

Washington, DC:World Bank Group

关键词: International financial institutions;    Crisis response;    Financial capacity;    Lending vehicles;    Allocation;   

RP-ID  :  67283

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This second report of a two-phaseevaluation of the World Bank Groupapos;s unprecedentedresponse to the 2008-09 global economic crisis addressesquestions raised by the findings of the first phaseevaluation regarding the Bankapos;s crisis lending in thefinancial, fiscal, and social protection areas, and theadequacy of its lending instruments. Regarding Internationalfinance corporation (IFC), this second phase evaluationfinds that the corporation did not achieve an increasedvolume of investments as a reflection of a strategic choiceto protect its portfolio as well as an overestimation of theprospective deterioration in portfolio quality. Thisevaluation assesses the World Bank Groupapos;s response tothe global economic crisis. This is the second phase of atwo-phase Independent Evaluation Group (IEG) evaluation ofthe World Bank Group response to the unprecedented globaleconomic crisis of 2008-09. This second phase reportevaluates relevance and efficiency of new crisis lendingthrough financial, fiscal management, and social protectionoperations in response to questions rose in the first phase evaluation.