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.