Ebook227 pages4 hours
The World Bank Group and the Global Food Crisis: An Evaluation of the World Bank Group Response
Rating: 0 out of 5 stars
()
About this ebook
The unanticipated spike in international food prices in 2007-08 hit many developing countries hard. International prices for food and other agricultural products increased by more than 100 percent between early 2007 and mid-2008. Prices for food cereals more than doubled; and those for rice doubled in the space of just a few months. The food price increases were particularly hard on the poor and near-poor in developing countries, many of whom spend a large share of their income on food and have limited means to cope with price shocks. An estimated 1.29 billion people in 2008 lived on less than $1.25 a day, equivalent to 22.4 percent of the developing world population. In addition, the Food and Agriculture Organization estimated that 923 million people were undernourished in 2007. Simulation models suggested that poverty rose by 100-200 million people and the undernourished increased by 63 million in 2008.
The World Bank organized rapidly for short-term support in the crisis, launching a fast-track program of loans and grants, the Global Food Crisis Response Program (GFRP). The GFRP mainly targeted low-income countries, and provided detailed policy advice to governments and its own staff on how to respond to the crisis. The Bank also scaled up lending for agriculture and social protection to support the building of medium-term resilience to future food price shocks. The International Finance Corporation responded by sharply increasing access to liquidity for agribusinesses and agricultural traders in the short and medium term, as well as new programs to improve incentives for agricultural market participants.
This evaluation assesses the effectiveness of the World Bank Group response in addressing the short-term impacts of the food price crisis and in enhancing the resilience of countries to future shocks.
The World Bank organized rapidly for short-term support in the crisis, launching a fast-track program of loans and grants, the Global Food Crisis Response Program (GFRP). The GFRP mainly targeted low-income countries, and provided detailed policy advice to governments and its own staff on how to respond to the crisis. The Bank also scaled up lending for agriculture and social protection to support the building of medium-term resilience to future food price shocks. The International Finance Corporation responded by sharply increasing access to liquidity for agribusinesses and agricultural traders in the short and medium term, as well as new programs to improve incentives for agricultural market participants.
This evaluation assesses the effectiveness of the World Bank Group response in addressing the short-term impacts of the food price crisis and in enhancing the resilience of countries to future shocks.
Read more from The World Bank
Capital for the Future: Saving and Investment in an Interdependent World Rating: 0 out of 5 stars0 ratingsOne Goal, Two Paths: Achieving Universal Access to Modern Energy in East Asia and Pacific Rating: 0 out of 5 stars0 ratingsEvaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12 Rating: 0 out of 5 stars0 ratingsPlanning, Connecting, and Financing Cities -- Now: Priorities for City Leaders Rating: 0 out of 5 stars0 ratingsOpening Doors: Gender Equality and Development in the Middle East and North Africa Rating: 0 out of 5 stars0 ratingsFinancial Access and Stability: A Road Map for the Middle East and North Africa Rating: 0 out of 5 stars0 ratingsThe State of Social Safety Nets 2015 Rating: 0 out of 5 stars0 ratingsLabor Market Dynamics in Libya: Reintegration for Recovery Rating: 0 out of 5 stars0 ratingsTransforming Central Finance Agencies in Poor Countries: A Political Economy Approach Rating: 0 out of 5 stars0 ratingsBiennial Report on Operations Evaluation Rating: 0 out of 5 stars0 ratingsUrban China: Toward Efficient, Inclusive, and Sustainable Urbanization Rating: 0 out of 5 stars0 ratingsAgricultural Innovation Systems: An Investment Sourcebook Rating: 5 out of 5 stars5/5Urbanization beyond Municipal Boundaries: Nurturing Metropolitan Economies and Connecting Peri-Urban Areas in India Rating: 0 out of 5 stars0 ratingsThe Status of the Education Sector in Sudan Rating: 0 out of 5 stars0 ratingsThe World Bank Group's Partnership with the Global Environment Facility Rating: 0 out of 5 stars0 ratingsAfrica's Pulse, No. 28, October 2023: Delivering Growth to People through Better Jobs Rating: 0 out of 5 stars0 ratingsThe Fallout of War: The Regional Consequences of the Conflict in Syria Rating: 0 out of 5 stars0 ratings
Related to The World Bank Group and the Global Food Crisis
Related ebooks
The World Bank Group and the Global Food Crisis Rating: 0 out of 5 stars0 ratingsThe World Bank Group's Partnership with the Global Environment Facility Rating: 0 out of 5 stars0 ratingsWorld Bank Group Support to Public-Private Partnerships: Lessons from Experience in Client Countries, FY02-12 Rating: 0 out of 5 stars0 ratingsInvestment Climate Reforms: An Independent Evaluation of World Bank Group Support to Reforms of Business Regulations Rating: 0 out of 5 stars0 ratingsThe Big Business of Small Enterprises Rating: 0 out of 5 stars0 ratingsWorld Bank Group Support for Innovation and Entrepreneurship: An Independent Evaluation Rating: 0 out of 5 stars0 ratingsWorld Development Report 2022: Finance for an Equitable Recovery Rating: 0 out of 5 stars0 ratingsBrazil Country Program Evaluation, FY2004-11 Rating: 0 out of 5 stars0 ratingsToo Global To Fail: The World Bank at the Intersection of National and Global Public Policy in 2025 Rating: 0 out of 5 stars0 ratingsThe World Bank Group A to Z 2016 Rating: 0 out of 5 stars0 ratings
Business Development For You
Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Vivid Vision: A Remarkable Tool for Aligning Your Business Around a Shared Vision of The Rating: 4 out of 5 stars4/5Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career Rating: 4 out of 5 stars4/5Built to Last: Successful Habits of Visionary Companies Rating: 4 out of 5 stars4/5Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5Power: Why Some People Have It—and Others Don't Rating: 4 out of 5 stars4/5Summary of Graham Cochrane's How to Get Paid for What You Know Rating: 0 out of 5 stars0 ratingsDoughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5The Bezos Letters: 14 Principles to Grow Your Business Like Amazon Rating: 5 out of 5 stars5/5The Die Broke Financial Problem Solver: Six Steps to Overcoming All Your Money Problems Rating: 5 out of 5 stars5/5Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days Rating: 4 out of 5 stars4/5The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream Rating: 5 out of 5 stars5/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5How to Start a Business for Beginners: A Complete Guide to Building a Successful & Profitable Business Rating: 5 out of 5 stars5/5Hard Asks Made Easy: How to Get Exactly What You Want Rating: 0 out of 5 stars0 ratingsBusiness Plan Checklist: Plan your way to business success Rating: 5 out of 5 stars5/5The 30 Laws of Flow: Timeless Principles for Entrepreneurial Success Rating: 5 out of 5 stars5/5The E-Myth Contractor: Why Most Contractors' Businesses Don't Work and What to Do About It Rating: 4 out of 5 stars4/5Nolo’s Guide to Single-Member LLCs: How to Form & Run Your Single-Member Limited Liability Company Rating: 0 out of 5 stars0 ratingsAccounting for the Numberphobic: A Survival Guide for Small Business Owners Rating: 4 out of 5 stars4/5Rocket Fuel Rating: 0 out of 5 stars0 ratingsOneness vs. the 1%: Shattering Illusions, Seeding Freedom Rating: 4 out of 5 stars4/5Nolo's Quick LLC: All You Need to Know About Limited Liability Companies Rating: 5 out of 5 stars5/5Good To Great And The Social Sectors: A Monograph to Accompany Good to Great Rating: 4 out of 5 stars4/5This Shit Works: A No-Nonsense Guide to Networking Your Way to More Friends, More Adventures, and More Success Rating: 0 out of 5 stars0 ratingsRobert's Rules of Order: A comprehensive guide to Robert’s Rules of Order Rating: 5 out of 5 stars5/5Exponential Organizations 2.0: The New Playbook for 10x Growth and Impact Rating: 5 out of 5 stars5/5
Reviews for The World Bank Group and the Global Food Crisis
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
The World Bank Group and the Global Food Crisis - The World Bank
Enjoying the preview?
Page 1 of 1