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Download Ebook The World Bank Group and the Global Food Crisis An Evaluation of the World Bank Group Response (Independent Evaluation Group Studies)

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Published on: 2014-04-24
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Original language: English
Download Ebook The World Bank Group and the Global Food Crisis An Evaluation of the World Bank Group Response (Independent Evaluation Group Studies)

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. Events Center For Global Development The Center for Global Development works to reduce global poverty and inequality through rigorous research and active engagement with the policy community to make the ... International News Latest World News Videos & Photos ... Get the latest international news and world events from Asia Europe the Middle East and more. See world news photos and videos at ABCNews.com Poverty - Wikipedia For a few years starting 1990 the World Bank anchored absolute poverty line as $1 per day. This was revised in 1993 and through 2005 absolute poverty was $1.08 a ... 1997 Asian financial crisis - Wikipedia The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown ... Making Globalization Work for the Poor - World Bank Live Has globalization helped low-income countries reduce poverty or perpetuated international inequality? On February 2 2004 David Dollar the World Bank's Director of ... Join INEE INEE - Inter-Agency Network for Education in ... Join INEE. Privacy Note: Some of the information you provide will be visible to other INEE members on your professional profile page unless you choose for your ... What Climate Change Means for Africa ... - World Bank Group A new scientific report commissioned by the World Bank explores the likely impacts of present day 2C and 4C warming on agricultural production water resources ... World Bank Group Better Governance Needed for Equitable Growth. A World Bank flagship report explores the reasons government policies succeed or fail. It urges a new approach to ... The International Monetary Fund (IMF) - Council on Foreign ... The International Monetary Fund both criticized and lauded for its efforts to promote financial stability finds itself again in the forefront of global economic ... UN News - Welcome to the United Nations: It's Your World United Nations News Centre with breaking news from the UN News Service
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