eBook

The world bank group and the global food crisis

World Bank Group, World Bank. Independent Evaluation Group

2013,2014,2015

Overview

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.

• Publisher: World Bank Publications,World Bank,The World Bank,Washington, DC: World Bank Group
• Subject: ACCESS TO FINANCE / ACCESS TO INSURANCE / ACCESS TO RESOURCES / ACCOUNTING / ADB / ADVERSE CONSEQUENCES / ADVERSE EFFECTS / ADVICE TO GOVERNMENTS / ADVISORY SERVICES / Agribusiness / AGRICULTURAL ACTIVITIES / Agricultural assistance / AGRICULTURAL DEVELOPMENT / Agricultural development projects / Agricultural development projects -- Developing countries -- Evaluation / Agricultural development projects -- Developing countries -- Finance / AGRICULTURAL MARKET / AGRICULTURAL PRODUCTION / AGRICULTURAL PRODUCTS / AGRICULTURAL SECTOR / AGRICULTURAL SUPPORT / AGRICULTURAL TRADE / AGRICULTURE / AGRICULTURE ORGANIZATION / AID EFFECTIVENESS / ASSISTANCE STRATEGY / AVAILABILITY OF RESOURCES / BANK MANAGEMENT / BENEFICIARIES / BUDGET SHORTFALLS / BUS070010 - Business & Economics / BUSINESS & ECONOMICS / BUSINESS PLANNING / CASH TRANSFER / CASH TRANSFERS / CEREALS / CONDITIONAL CASH / CONSOLIDATION / DECENTRALIZATION / Developing countries / DEVELOPMENT BANK / DEVELOPMENT ECONOMICS / DEVELOPMENT EFFECTIVENESS / DIVISION OF LABOR / DRIVERS / Economic assistance / Economic assistance -- Developing countries / ECONOMIC COOPERATION / ECONOMIC CRISES / ECONOMIC CRISIS / EMERGENCY SITUATION / ENROLLMENT / Evaluation / EXPENDITURES / FARMERS / Finance / FINANCIAL INNOVATION / FINANCIAL INSTITUTION / FINANCIAL INSTITUTIONS / FINANCIAL MANAGEMENT / FINANCIAL RESOURCES / FINANCIAL SECTOR DEVELOPMENT / FINANCIAL SUPPORT / FISCAL STABILIZERS / FOOD ACCESS / FOOD EXPENDITURE / FOOD INSECURITY / FOOD POLICY / FOOD POLICY RESEARCH / Food price crisis- Evaluation- Nutrition- Vulnerable population- Mothers- Poverty- social protection policy (SSNs)- Global food crisis response program- Food security- Food crisis- Global food initiative- Horn of Africa program- global food crisis response program (GFRP)- Agricultural price risk management- Global agriculture and food security / FOOD PRICES / Food prices -- Developing countries / FOOD PRODUCTION / FOOD RIOTS / FOOD SECURITY / FOOD STAPLES / FOOD SUBSIDIES / FOOD SUPPLY / Food supply -- Developing countries / FOOD-FOR-WORK / FUNDING SOURCES / GLOBAL FOOD SECURITY / HEALTH INTERVENTIONS / HEALTH ORGANIZATION / Health, Nutrition, and Population / HUMAN DEVELOPMENT / IFPRI / INCOME / INCOME TRANSFERS / Industries / INPUT PRICES / INPUT SUBSIDIES / INSURANCE / INTERNATIONAL BANK / International Economics and Trade / INTERNATIONAL FINANCE / INTERNATIONAL FOOD POLICY / INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE / LENDING PORTFOLIO / LOAN / MALNUTRITION / MANDATES / MARKET DEVELOPMENT / MARKET LIBERALIZATION / MDB / NEAR POOR / NEW DEAL / NUTRITION INTERVENTIONS / NUTRITION PROGRAMS / NUTRITIONAL STATUS / NUTRITIONAL SUPPORT / OUTPUTS / PEOPLES / POLITICAL ECONOMY / POOR / POVERTY REDUCTION / PRODUCTIVITY / PRODUCTIVITY GROWTH / PUBLIC INFRASTRUCTURE / PUBLIC WORKS / PUBLIC WORKS PROGRAMS / RECESSION / REFUGEE / RESOURCE ALLOCATION / RESOURCE CONSTRAINTS / RESPONSE TO CRISES / RICE / RISK MANAGEMENT / SAFETY / SAFETY NET OPERATIONS / SAFETY NET PROGRAMS / SAFETY NET SYSTEMS / SCHOOL FEEDING / SCHOOL FEEDING PROGRAMS / SELECTION CRITERIA / SHORT-TERM CRISIS / SMALLHOLDERS / SOCIAL ACTION / SOCIAL ACTION FUND / SOCIAL IMPACTS / SOCIAL INVESTMENT / SOCIAL PROTECTION / SOCIAL SAFETY NET / SOCIAL SAFETY NETS / SOURCE OF INCOME / SSN / STABILIZERS / STAPLE FOODS / SUPPLY CHAIN / SUPPORT PROGRAM / Sustainable development / TARGETING / TECHNICAL ASSISTANCE / TRANSFER PROGRAM / TRUST FUNDS / UNION / UNSKILLED LABOR / VULNERABLE GROUPS / VULNERABLE HOUSEHOLDS / VULNERABLE PEOPLE / VULNERABLE POPULATIONS / WAGES / WAREHOUSE / WFP / WHEAT / WORK PROGRAMS / WORKING CAPITAL / WORKS PROGRAM / World Bank / World Bank -- Developing countries / WORLD FOOD PROGRAMME
• ISBN: 146480091X, 9781464800917, 1464800928, 9781464800924