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

Reports
Sectors:
Agriculture, Social Protection
Organization:
World Bank Group (WBG)
Author:
Independent Evaluation Group (IEG)
Region:
Global
Resource Publication Date:
June, 2013
Content Format:
Text

The rapid rise of international food prices in 2007–08 caught many governments unprepared and hit the poor particularly hard. Concern about the negative short- and long-term impacts of the crisis galvanized international action starting in 2008, and the World Bank Group developed a framework to rapidly provide funds to adversely affected countries. Special programs were launched to address the short-term response, and the Bank increased its lending in agriculture and social protection to support resilience to future shocks in the medium term. Design and implementation of the short-term response program helped to build experience for subsequent broader institutional crisis response mechanisms, and to inform responses to future crises.

 

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