Cover image for World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response.
World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response.
Title:
World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response.
Author:
Bank, The World.
ISBN:
9781464800924
Personal Author:
Physical Description:
1 online resource (222 pages)
Series:
Independent Evaluation Group Studies
Contents:
Front Cover -- Title Page -- Copyright Page -- Contents -- Abbreviations -- Acknowledgments -- Overview -- Management Response -- Management Action Record -- Chairperson's Summary: Committee on Development Effectiveness -- 1. Introduction -- The Global Food Crisis -- The International Response -- World Bank Group Response -- The Evaluation -- Organization of the Report -- 2. The Global Food Crisis Response Program: Design, Implementation, and Results to Date -- Objectives and Design of the GFRP -- The GFRP Lending Portfolio -- Evaluation Findings -- Coordination -- 3. Bank Group Support for Agriculture to Mitigate Food Crisis Impacts and Enhance Resilience -- Agricultural Crisis Response Policies by Governments -- Analytical Response to the Crisis by the World Bank Group -- Short-Term Response in Agriculture -- Medium and Longer-Term Response -- Lessons from the Bank Group's Agriculture Response -- 4. Bank Support to Social Safety Nets -- Social Safety Net Policy Responses to the Crisis by Governments -- Bank Policy Advice on Social Safety Nets in the Crisis -- Short-Term GFRP Response and Social Safety Net Activities -- Implementation of the GFRP Social Safety Net Activities -- Longer-Term Response -- Effectiveness and Sustainability of the Social Protection Portfolio -- Lessons from the Bank's Social Protection Response -- 5. Lessons and Recommendations -- General Lessons -- Additional Lessons -- Recommendations -- Appendixes -- A Differential Effects of the Crisis -- B Timeline of the World Bank Group Response and the Response of Other Donors -- C Analytical Framework and Selection Criteria for the Case Studies -- D The Global Food Crisis Response Lending Portfolio -- E Vulnerability Analysis -- F Review of the Agriculture Lending Portfolio -- G World Bank Group Agriculture Advisory Activities -- H Social Safety Net Portfolio Review.

I Summary Results of Country Case Studies -- Bibliography -- Boxes -- Figures -- Tables -- Back Cover.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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