Evaluation of the IDB Emergency Lending: 1998-1999
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In 1998, in the context of "unanticipated" international financial turmoil, and concerned about the negative impact on the region's countries, the Board of Governors authorized the Board of Executive Directors to waive certain limitations on the lending program to permit the Bank to approve fast-disbursing lending on emergency terms for a period of one year. The Bank eventually approved nine emergency loans distributed among six countries for a total dollar value of US7.6 billion dollars. OVE has prepared this report (RE-251) to present the evidence on achievements with these emergency loans to date. Because of the short time frame, no direct field research has been possible, creating primary reliance on existing Bank data sources, principally project performance monitoring reports, tranche release reports and, where available, project completion reports (PCRs).