Responses From The International Donor Community To Recent Food Price Spikes
|Institution||Emergency support||Long-term programs|
|African Development Bank||Africa Food Crisis Response Initiative: $730 million for increased provision of agricultural inputs through emergency budget support, use of high-yield New Rice for Africa (NERICA), allocation of resources to fragile states (2008).||Africa Food Crisis Response Initiative: $2.2 billion for agricultural infrastructure, including water mobilization for irrigation, rural access roads, and facilities for reducing post-harvest losses (2008).|
|Asian Development Bank||$700 million for food safety net measures, emergency food assistance, and food policy reforms in Bangladesh, Cambodia, Mongolia, and Pakistan (2007–08).||Operational Plan for Sustainable Food Security in Asia and the Pacific: $6.8 billion lending and nonlending assistance allocated to transport and communications, agriculture and natural resources, natural resources management, and rural infrastructure (2009–11).|
|European Bank for Reconstruction and Development||EBRD Agribusiness Strategy: investments in the private sector along the food value chain to foster productivity growth, enhance global food security, and limit food price inflation.|
$1.3 billion provided (debt and equity) to private agriculture enterprises (2011).
|Inter-American Development Bank||$1.8 billion approved for agriculture and rural development over the period 2009–11 (including $551 million for food and agriculture in 2011).|
$26 million technical assistance projects on concessional terms for small and vulnerable countries in 2011.
The IDB Food Security Strategic Thematic Fund ($3.5 million) to provide assistance to Bank borrowing member countries to improve agricultural production and productivity as a means to enhance their food security (supply side).
|World bank||Global Food Crisis Response Program: $2 billion (extended through June 2012) to provide financial assistance, policy, and technical advice to the poorest and most vulnerable countries (2008–12).|
Global Food Initiative (IFC): $600 million in investment lending and $300 million in advisory services to support agribusiness value chain in IDA and IDA/IBRD (blend) countries.
|Scale up of regular lending program in agriculture and social safety nets. Commitments to agriculture in 2011 reached $3.6 billion. Commitments to social safety nets accounted for $2.9 billion.|
Global Agriculture and Food Security Program: $20 billion financing mechanism to manage the G-20’s increased support to agriculture and food security. The program is implemented as a Financial Intermediary Fund for which the Bank serves as trustee (launched in April 2010).