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

dc.contributor.authorIndependent Evaluation Group
dc.date.accessioned2014-01-06T23:30:38Z
dc.date.available2014-01-06T23:30:38Z
dc.date.issued2013-06
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/06/17900344/world-bank-group-global-food-crisis-evaluation-world-bank-group-response
dc.identifier.isbn978-1-4648-0091-7
dc.identifier.other10.1596/978-1-4648-0091-7
dc.identifier.urihttps://hdl.handle.net/10986/16505
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank Group
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO INSURANCE
dc.subjectACCESS TO RESOURCES
dc.subjectACCOUNTING
dc.subjectADB
dc.subjectADVERSE CONSEQUENCES
dc.subjectADVERSE EFFECTS
dc.subjectADVICE TO GOVERNMENTS
dc.subjectADVISORY SERVICES
dc.subjectAGRICULTURAL ACTIVITIES
dc.subjectAGRICULTURAL DEVELOPMENT
dc.subjectAGRICULTURAL MARKET
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURAL SUPPORT
dc.subjectAGRICULTURAL TRADE
dc.subjectAGRICULTURE
dc.subjectAGRICULTURE ORGANIZATION
dc.subjectAID EFFECTIVENESS
dc.subjectASSISTANCE STRATEGY
dc.subjectAVAILABILITY OF RESOURCES
dc.subjectBANK MANAGEMENT
dc.subjectBENEFICIARIES
dc.subjectBUDGET SHORTFALLS
dc.subjectBUSINESS PLANNING
dc.subjectCASH TRANSFER
dc.subjectCASH TRANSFERS
dc.subjectCEREALS
dc.subjectCONDITIONAL CASH
dc.subjectCONSOLIDATION
dc.subjectDECENTRALIZATION
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT EFFECTIVENESS
dc.subjectDIVISION OF LABOR
dc.subjectDRIVERS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC CRISIS
dc.subjectEMERGENCY SITUATION
dc.subjectENROLLMENT
dc.subjectEXPENDITURES
dc.subjectFARMERS
dc.subjectFINANCIAL INNOVATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL STABILIZERS
dc.subjectFOOD ACCESS
dc.subjectFOOD EXPENDITURE
dc.subjectFOOD INSECURITY
dc.subjectFOOD POLICY
dc.subjectFOOD POLICY RESEARCH
dc.subjectFOOD PRICES
dc.subjectFOOD PRODUCTION
dc.subjectFOOD RIOTS
dc.subjectFOOD SECURITY
dc.subjectFOOD STAPLES
dc.subjectFOOD SUBSIDIES
dc.subjectFOOD SUPPLY
dc.subjectFOOD-FOR-WORK
dc.subjectFUNDING SOURCES
dc.subjectGLOBAL FOOD SECURITY
dc.subjectHEALTH INTERVENTIONS
dc.subjectHEALTH ORGANIZATION
dc.subjectHUMAN DEVELOPMENT
dc.subjectIFPRI
dc.subjectINCOME
dc.subjectINCOME TRANSFERS
dc.subjectINPUT PRICES
dc.subjectINPUT SUBSIDIES
dc.subjectINSURANCE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FOOD POLICY
dc.subjectINTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
dc.subjectLENDING PORTFOLIO
dc.subjectLOAN
dc.subjectMALNUTRITION
dc.subjectMANDATES
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET LIBERALIZATION
dc.subjectMDB
dc.subjectNEAR POOR
dc.subjectNEW DEAL
dc.subjectNUTRITION INTERVENTIONS
dc.subjectNUTRITION PROGRAMS
dc.subjectNUTRITIONAL STATUS
dc.subjectNUTRITIONAL SUPPORT
dc.subjectOUTPUTS
dc.subjectPEOPLES
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR
dc.subjectPOVERTY REDUCTION
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC WORKS
dc.subjectPUBLIC WORKS PROGRAMS
dc.subjectRECESSION
dc.subjectREFUGEE
dc.subjectRESOURCE ALLOCATION
dc.subjectRESOURCE CONSTRAINTS
dc.subjectRESPONSE TO CRISES
dc.subjectRICE
dc.subjectRISK MANAGEMENT
dc.subjectSAFETY
dc.subjectSAFETY NET OPERATIONS
dc.subjectSAFETY NET PROGRAMS
dc.subjectSAFETY NET SYSTEMS
dc.subjectSCHOOL FEEDING
dc.subjectSCHOOL FEEDING PROGRAMS
dc.subjectSELECTION CRITERIA
dc.subjectSHORT-TERM CRISIS
dc.subjectSMALLHOLDERS
dc.subjectSOCIAL ACTION
dc.subjectSOCIAL ACTION FUND
dc.subjectSOCIAL IMPACTS
dc.subjectSOCIAL INVESTMENT
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NET
dc.subjectSOCIAL SAFETY NETS
dc.subjectSOURCE OF INCOME
dc.subjectSSN
dc.subjectSTABILIZERS
dc.subjectSTAPLE FOODS
dc.subjectSUPPLY CHAIN
dc.subjectSUPPORT PROGRAM
dc.subjectTARGETING
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSFER PROGRAM
dc.subjectTRUST FUNDS
dc.subjectUNION
dc.subjectUNSKILLED LABOR
dc.subjectVULNERABLE GROUPS
dc.subjectVULNERABLE HOUSEHOLDS
dc.subjectVULNERABLE PEOPLE
dc.subjectVULNERABLE POPULATIONS
dc.subjectWAGES
dc.subjectWAREHOUSE
dc.subjectWFP
dc.subjectWHEAT
dc.subjectWORK PROGRAMS
dc.subjectWORKING CAPITAL
dc.subjectWORKS PROGRAM
dc.subjectWORLD FOOD PROGRAMME
dc.titleThe World Bank Group and the Global Food Crisis : An Evaluation of the World Bank Group Responseen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2013-06-21
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2013/06/17900344/world-bank-group-global-food-crisis-evaluation-world-bank-group-response
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.doi10.1596/978-1-4648-0091-7
okr.identifier.externaldocumentum000356161_20130621145405
okr.identifier.internaldocumentum17900344
okr.identifier.report87813
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/06/21/000356161_20130621145405/Rendered/PDF/786980WP0Box370IC00food0crisis0eval.pdfen
okr.peerreviewAcademic Peer Review
okr.topicSocial Protections and Labor::Safety Nets and Transfers
okr.topicSocial Protections and Labor::Labor Policies
okr.topicFood and Beverage Industry
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicIndustry
okr.volume1 of 1
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