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