From the Article:
Even critics of the bank’s crisis response acknowledge the difficult choices that had to be made as the world economy froze. The bank’s Independent Evaluation Group credits it with helping countries such as Turkey stave off deeper problems.
However, “it was eyes wide open at the time that they were potentially setting up some problems at the project level,” said Scott Morris, a former U.S. Treasury official who served as a liaison to the World Bank at the time. He is currently a fellow at the Center for Global Development.
“There was an imperative to get money into the system,” Morris said. “The global problem was so overwhelming. It was important for senior U.S. [officials] and other countries to point to a big number, to show that in addition to what they were doing domestically, there was a global architecture in place that was responding.”
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