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Crisis Response

Title: 

Crisis Response

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)
  2005-07 08 09 10 Avg. annual change
2005-07 vs.2008-10 (%)
2009 2008 Increase
(US$ billions)
World Bank 23.3 35.2 55.0 46.8 96 121.8 107.4 14.4
IFC (a) 5.9 10.4 8.6 11.1 71 29.2 24.8 4.4
EIB 60.6 82.7 110.0 95.2 58 472.3 410.6 61.7
EBRD 6.4 7.5 11.0 12.0 58 26.2 21.7 4.5
ADB 7.9 10.6 14.1 12.4 58 44.3 38.2 6.1
IDB 7.5 11.2 15.5 13.4 79 59.0 52.2 6.8
AfDB (b) 1.5 2.2 5.0 2.0 100 12.3 9.4 2.9
Total 113.1 159.8 219.2 192.9 69 765.1 664.3 100.8
IMF 5.1 49.5 123.3 166.0 2131      
Memo Items
US Tarp 700            
US Stimulus 825            
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.

 

LEARNING FROM EVALUATION