World Bank Group global crisis response platform (English)
The world faces major threats that undermine developing and developed countries alike – three of the most pressing ones are: (1) climate change and related natural disasters; (2) fragility and conflict which, along with climate change, have resulted in... See More +
The world faces major threats that undermine developing and developed countries alike – three of the most pressing ones are: (1) climate change and related natural disasters; (2) fragility and conflict which, along with climate change, have resulted in the massive displacement of people; and (3) the threat of a future pandemic. Such crises are occurring with increasing frequency, intensity and duration, wiping away decades of hard-earned economic and social gains. In addition, while global economic recovery from the financial crisis of 2008-09 continues, risks remain due to tensions in financial markets, commodity price fluctuations, sluggish trade and investment, and weak labor markets. In an increasingly inter-connected world, where events that originate in one part of the world can spread rapidly to others, the threats noted above pose a serious challenge not only to global security, but also to economic security, stability, and our ability to end extreme poverty and achieve the Sustainable Development Goals (SDGs). Evaluations by the Independent Evaluation Group (lEG) and others indicate that the WBG is an important lifeline for countries struck by crises, that it has responded effectively to countries in distress, and kept a strong focus on continued learning and innovation – but to address future, often unpredictable crises, it must continue to improve agility, strengthen its toolkit of instruments, and take on a more holistic crisis management approach. The World Bank Group (WBG) is well poised to take on this expanded role in crisis management and mitigation. The rest of this paper is organized as follows. The next section reviews the WBG’s track record in crisis management over the past decade and lessons learned. In doing so, it highlights how the WBG deployed its instruments and products in support of crisis management and what is needed to fill gaps and improve effectiveness and efficiency. Section III outlines the key goals and functions of the GCRP, and the initiatives that will help complete the Platform, thereby further strengthening the WBG’s capacity for crisis management.
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