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Cover of Working Paper 554
October 12, 2020

Is the World Bank’s COVID Crisis Lending Big Enough, Fast Enough? New Evidence on Loan Disbursements

We compile a new data set, combining official sources with transaction-level records scraped from the World Bank website, spanning all commitments, disbursements, and payments on all World Bank loans from before the 2008-09 Global Financial Crisis through August 2020, allowing us to compare the Bank’s COVID response to the last comparable global crisis. We find that lending has indeed accelerated in 2020, but the Bank appears to be on track to fulfill only half of its own target of $160 billion in new lending by June 2021.