The 2008 global economic crisis originated in developed countries weakening world economies and threatening progress that developing countries have made during the past several years. The crisis spread quickly and took many governments and international organizations by surprise.
IEG is conducting real-time assessments of World Bank Group’s ongoing crisis related activities and its immediate results.
RECENTLY RELEASED
The World Bank Group’s response to the Global Economic Crisis Phase II
The global economic crisis of 2008-2009 led to a sharp reduction of growth worldwide with an increase in millions of poor persons. The World Bank Group responded with an unprecedented expansion of support, especially to middle income countries. This new study, the second part of a two-phase evaluation of the institution’s response to the global economic crisis, reaffirms and extends many findings of the first phase of the report.
Assessment of the World Bank Group Response: World Bank | IFC | MIGA
