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The paper reviews the case for a strong multilateral response to the global crisis in emerging markets (EMs). It discusses modalities and feasibility of intervention and its associated risks, depending on country circumstances of fiscal space and liquidity needs. The specific role of...
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This second report of a two-phase evaluation of the World Bank Groupapos;s unprecedented response to the 2008-09 global … prospective deterioration in portfolio quality. This evaluation assesses the World Bank Groupapos;s response to the global … economic crisis. This is the second phase of a two-phase Independent Evaluation Group (IEG) evaluation of the World Bank Group …
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