This paper sets out the WBG approach to providing support exceptional in speed, scale and selectivity to countries as they tackle the unprecedented threats posed by the COVID-19 crisis. WBG support focuses on helping countries address the crisis and transition to recovery through a combination of saving lives threatened by the pandemic; protecting the poor and vulnerable; securing foundations of the economy; and strengthening policies and institutions for resilience based on transparent, sustainable debt and investments.
The paper outlines the operational framework for the approach and discusses the medium-term outlook for the WBG’s financial capacity. Working as One WBG, the approach emphasizes selectivity and public-private joint interventions to scale up private sector solutions while staying focused on results.
