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

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The World Bank Group's Response to the Global Economic Crisis is written by World Bank Staff and published by World Bank Publications. It's available with International Standard Book Number or ISBN identification 0821386662 (ISBN 10) and 9780821386668 (ISBN 13).

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