The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response

The unanticipated spike in international food prices in 2007-08 hit many developing countries hard. The World Bank (International Bank for Reconstruction and Development and International Development Association) organized rapidly for short-term su...

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Bibliographic Details
Main Author:	Independent Evaluation Group
Format:	Publications & Research
Language:	English en_US
Published:	Washington, DC: World Bank Group 2014
Subjects:	ACCESS TO FINANCE ACCESS TO INSURANCE ACCESS TO RESOURCES ACCOUNTING ADB ADVERSE CONSEQUENCES ADVERSE EFFECTS ADVICE TO GOVERNMENTS ADVISORY SERVICES AGRICULTURAL ACTIVITIES AGRICULTURAL DEVELOPMENT 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 BUSINESS PLANNING CASH TRANSFER CASH TRANSFERS CEREALS CONDITIONAL CASH CONSOLIDATION DECENTRALIZATION DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT EFFECTIVENESS DIVISION OF LABOR DRIVERS ECONOMIC COOPERATION ECONOMIC CRISES ECONOMIC CRISIS EMERGENCY SITUATION ENROLLMENT EXPENDITURES FARMERS 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 PRICES FOOD PRODUCTION FOOD RIOTS FOOD SECURITY FOOD STAPLES FOOD SUBSIDIES FOOD SUPPLY FOOD-FOR-WORK FUNDING SOURCES GLOBAL FOOD SECURITY HEALTH INTERVENTIONS HEALTH ORGANIZATION HUMAN DEVELOPMENT IFPRI INCOME INCOME TRANSFERS INPUT PRICES INPUT SUBSIDIES INSURANCE INTERNATIONAL BANK 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 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 FOOD PROGRAMME
Online Access:	http://documents.worldbank.org/curated/en/2013/06/17900344/world-bank-group-global-food-crisis-evaluation-world-bank-group-response http://hdl.handle.net/10986/16505

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Summary:	The unanticipated spike in international food prices in 2007-08 hit many developing countries hard. The World Bank (International Bank for Reconstruction and Development and International Development Association) 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 (IFC) 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 (WBG) response in addressing the short-term impacts of the food price crisis and in enhancing the resilience of countries to future shocks. Bank group support for the short-term response reached vulnerable countries, though it is less clear whether it reached the most vulnerable people within countries. The program supported 35 countries, with Sub-Saharan Africa accounting for about 60 percent of funding. The majority of support went to four countries-Bangladesh, Ethiopia, the Philippines, and Tanzania. The speed of the response often had costs for quality, and design deficiencies could not always be rectified quickly during implementation. The Bank's short-term assistance to agriculture took the form of input subsidy and distribution operations to increase food supply. Short-term support for social safety nets mainly consisted of in-kind transfers and public works programs. The Bank's medium-term response for agriculture significantly increased lending and focused on expanding productive capacity and resilience.

The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response

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