Addressing Country-Level Fiscal and Financial Sector Vulnerabilities : An Evaluation of the World Bank Group’s Contributions
More than a decade has passed since the global economic and financial crisis rocked the world. A clear lesson that emerged from it was the importance of identifying and addressing country-specific vulnerabilities ex ante to build resilience when a...
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| Format: | Evaluation |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/143541626874329106/Addressing-Country-Level-Fiscal-and-Financial-Sector-Vulnerabilities-An-Evaluation-of-the-World-Bank-Group-s-Contributions http://hdl.handle.net/10986/36008 |
| Summary: | More than a decade has passed since the
global economic and financial crisis rocked the world. A
clear lesson that emerged from it was the importance of
identifying and addressing country-specific vulnerabilities
ex ante to build resilience when a shock occurs. The 2020
global economic and health crisis caused by COVID-19 serves
as a yet another stark reminder of the importance of
proactively managing vulnerabilities to shocks. The purpose
of this evaluation is to assess World Bank Group support to
client countries to build resilience to exogenous shocks
through the systematic identification of fiscal and
financial sector vulnerabilities and through efforts to
support the reduction of these vulnerabilities. Given the
importance of protecting the most vulnerable from shocks,
this evaluation also looks at the extent to which the Bank
Group has helped client countries adapt their social safety
nets so that they can be effectively scaled up in a crisis.
It aims to inform the design of future Bank Group
strategies, operations, diagnostics, and knowledge products
that can help reduce country-level fiscal and financial
sector vulnerabilities. Its lessons may also help the effort
to “build back better” after the COVID-19 pandemic through
contributions to increasing resilience by strengthening
fiscal and financial buffers and institutions. |
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