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

Download or read book The World Bank Group's Response to the Global Economic Crisis written by World Bank Staff and published by World Bank Publications. This book was released on 2011 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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