The World Bank Group's Response to the Global Economic Crisis : Phase 2
This second report of a two-phase evaluation of the World Bank Groupapos;s unprecedented response to the 2008-09 global economic crisis addresses questions raised by the findings of the first phase evaluation regarding the Bankapos;s crisis lending...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank Group
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/15889920/second-phase-world-bank-groups-response-global-economic-crisis http://hdl.handle.net/10986/21340 |
| Summary: | This second report of a two-phase
evaluation of the World Bank Groupapos;s unprecedented
response to the 2008-09 global economic crisis addresses
questions raised by the findings of the first phase
evaluation regarding the Bankapos;s crisis lending in the
financial, fiscal, and social protection areas, and the
adequacy of its lending instruments. Regarding International
finance corporation (IFC), this second phase evaluation
finds that the corporation did not achieve an increased
volume of investments as a reflection of a strategic choice
to protect its portfolio as well as an overestimation of the
prospective deterioration in portfolio quality. 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. |
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