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Financial Crisis

What the World Bank Is Doing


Recovery from the global financial crisis remains fragile. Persistent risks to economic health include high unemployment, debt and low growth in developed countries, and access to financing for developing countries. In addition, food prices in 2011 were volatile and near their 2008 peak, and millions of people in the Horn of Africa are in urgent need of assistance as a result of devastating drought, conflict, and displacement. Read More


EU11 Growth Drops in 2012 and Remains Slow in 2013

© The World Bank
June 13, 2013— All EU11 countries, with the exception of Latvia, grew more slowly in 2012 than in 2011, and the overall GDP growth of 0.8 percent in 2012 was just a quarter of the pace recorded the year before.

Rethinking the Role of the State in Finance

© The World Bank
September 2012—Coinciding with the anniversary of the 2008 collapse of Lehman Brothers, the Global Financial Development Report re-examines a basic question highlighted by the crisis: what is the proper role of the state in financial development?
World Bank Group Support to Promote Growth and Overcome Poverty in Developing Countries Hits Nearly $53 Billion in 2012

© The World Bank
July 2012—As developing countries face strong economic headwinds, the Bank Group supported an estimated 884 operations to promote opportunity and get needed services to the poor.
Financial Crises: How Can We Help Children and Youth Thrive in Hard Times?

© The World Bank
June 2012—Since the global financial crisis hit in 2008, many families find themselves struggling to protect children and adolescents from the stress that accompanies loss of parental employment or reduced household resources.
Global Mobility Unaffected by Financial Crisis, as Remittances Remained Resilient

© The World Bank
June 2012—The global financial crisis of 2008/09 has not sent migrant workers streaming back home, despite worsening employment prospects and anti-immigration rhetoric in some destination countries, says a new book on migration and remittances, published by the World Bank.

Emerging Economies: How to Ascend After Declining?

© The World Bank
February 2012—Growth in several major developing countries like Brazil, China and India is significantly slower than earlier in the recovery.

Has Executive Compensation Contributed to the Financial Crisis?

© The World Bank
January 2012—The All About Finance blog held a virtual debate on the issue of executive pay and the financial crisis.

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