Credit Risk Assessment and the Importance of the World Bank Group's Activities
Keywords:
Credit risk, financial assessment, World Bank Group, IFC, MIGA, credit scoring, financial stability, developing countries, international standardsAbstract
This paper explores credit risk assessment methods and the role of the World Bank Group in improving financial stability in developing countries. It reviews international credit evaluation tools, such as financial ratio analysis and credit scoring models, alongside the application of International Financial Reporting Standards (IFRS). The World Bank Group, through its institutions like the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), supports developing economies by enhancing credit risk management and improving access to finance. The study highlights the integration of global assessment standards to foster financial transparency and stability.
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