Resource details

Rising food prices: policy options and World Bank response - Background note for the Development Committee, World Bank, April 2008
Written/Published in 2008 by This note was prepared by World Bank's PREM, ARD and DEC

Extract

1. Context

2. What can governments do?

3. How can the World Bank and donors help?

3.1 Support for rapid policy responses

  • Just-in-time policy advice to address immediate concerns.
  • Meeting short-run financing needs.

3.2 Support for medium-term agenda

  • Making agriculture a priority.
  • Expanding and improving access to safety nets and risk management instruments.

3.3 Support for an international agenda

  • First, the Bank is working closely with countries and other donors to minimize the adoption of policies with negative spillover effects for others .
  • Second, the Bank’s climate change agenda seeks to inform the global debate on bio-fuels through analysis, monitoring and balancing of competing needs for energy and food security.
  • Third, the increase in food prices creates an opportunity for the global community to refocus on investments in agriculture and social protection.

Organisation
World Bank
Sector
Agriculture & Livelihood
Harmonisation & Alignment
Hunger, Nutrition & Food Safety
Poverty & Poverty Reduction
Contributed on April 29, 2008 by Daniel Gerecke
Last updated on July 10, 2008
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