LEADER 02692cam a22003855i 4500001 99131234284106421 005 20210809182010.0 006 m d 007 cr cn||||||||| 008 020129s2021 dcu o i00 0 eng^^ 024 7 10.1596/36008 |2doi 035 (CKB)4920000001209131 035 (The World Bank)36008 035 (US-djbf)36008 035 (EXLCZ)994920000001209131 040 DJBF |beng |cDJBF |erda 110 2 Independent Evaluation Group. 245 10 Addressing Country-Level Fiscal and Financial Sector Vulnerabilities : |bAn Evaluation of the World Bank Group's Contributions. 246 Addressing Country-Level Fiscal and Financial Sector Vulnerabilities 264 1 Washington, D.C. : |bThe World Bank, |c2021. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Independent Evaluation Group Studies. 520 3 More than a decade has passed since the global economic and financial crisis rocked the world. A clear lesson that emerged from it was the importance of identifying and addressing country-specific vulnerabilities ex ante to build resilience when a shock occurs. The 2020 global economic and health crisis caused by COVID-19 serves as a yet another stark reminder of the importance of proactively managing vulnerabilities to shocks. The purpose of this evaluation is to assess World Bank Group support to client countries to build resilience to exogenous shocks through the systematic identification of fiscal and financial sector vulnerabilities and through efforts to support the reduction of these vulnerabilities. Given the importance of protecting the most vulnerable from shocks, this evaluation also looks at the extent to which the Bank Group has helped client countries adapt their social safety nets so that they can be effectively scaled up in a crisis. It aims to inform the design of future Bank Group strategies, operations, diagnostics, and knowledge products that can help reduce country-level fiscal and financial sector vulnerabilities. Its lessons may also help the effort to "build back better" after the COVID-19 pandemic through contributions to increasing resilience by strengthening fiscal and financial buffers and institutions. 650 4 Business Cycles and Stabilization Policies 650 4 Financial Sector 650 4 Governance 650 4 International Governmental Organizations 650 4 Macroeconomics and Economic Growth 650 4 Poverty Reduction 650 4 Public Sector Development 650 4 Services and Transfers to Poor 650 4 Social Protections and Labor 830 0 Independent Evaluation Group Studies. 830 0 World Bank e-Library. 906 BOOK