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...
| Main Author: | |
|---|---|
| Format: | Publications & Research |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank Group
2014
|
| Subjects: | |
| 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 |
| id |
okr-10986-16505 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 Independent Evaluation Group The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response |
| description |
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. |
| format |
Publications & Research |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response |
| title_short |
The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response |
| title_full |
The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response |
| title_fullStr |
The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response |
| title_full_unstemmed |
The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response |
| title_sort |
world bank group and the global food crisis : an evaluation of the world bank group response |
| publisher |
Washington, DC: World Bank Group |
| publishDate |
2014 |
| url |
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 |
| _version_ |
1764434180985323520 |
| spelling |
okr-10986-165052021-04-23T14:03:31Z The World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Response Independent Evaluation Group 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 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. 2014-01-06T23:30:38Z 2014-01-06T23:30:38Z 2013-06 http://documents.worldbank.org/curated/en/2013/06/17900344/world-bank-group-global-food-crisis-evaluation-world-bank-group-response 978-1-4648-0091-7 10.1596/978-1-4648-0091-7 http://hdl.handle.net/10986/16505 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Group Publications & Research Publications & Research :: Working Paper |