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 has recently conducted assessments of World Bank Group’s ongoing crisis related activities and its immediate results.
|IFI Operations during the Crisis, 2008-10|
|Curent lending (US$ billions)||Gross outstanding loans, equity investments, and guarantees (SU$ billions)|
Avg. annual change
2005-07 vs.2008-10 (%)
Source: Changes in current lending are based on data received from individual IFIs. For country lending, see appendix B tables B.1–B.6. Gross outstanding portfolio data are from Standard and Poor’s 2010.
Note: Institutional totals on calendar year basis, including lending to countries that are not eligible Bank clients.
a. Net commitments including Global Trade Finance Program, fiscal year basis.
b. Based on the AfDB website and annual statistical compendium.