Showing posts with label Food Crisis. Show all posts
Showing posts with label Food Crisis. Show all posts

Wednesday, July 27, 2011

Food Crisis Continuation

Project Status: Global Food Crisis Response Program
Project Status: Externally Funded Trust Funds

As of January 2011, GFRP has approved $1,443.6 million. To date, $1,077.8 million out of the $1,443.6 million in total approved funding has been disbursed (75% of approved funds).

Total Bank-funded, Board-approved GFRP projects amount to $1,238.2 million, of which $202.4 million is from the Food Price Crisis Response (FPCR) Trust Fund for 27 countries, 17 of which are in Africa; $835.8 million is from IDA for 13 countries; and $200 million is from IBRD for a project in the Philippines. 80 percent of Bank-sourced Boardapproved funds have been disbursed).

Food Crisis


Food Crisis Facts & Figures

1.1 billion People were living on less than $1 a day and 923 million were undernourished, even before the food, fuel and financial crises.

Food prices remain volatile. Local food prices in many countries haven’t come down, although international food prices have fallen.

What the World Bank Is Doing(Updated January 13, 2011)



In response to the severity of the food crisis and the need for prompt action, the World Bank Group set up the Global Food Crisis Response Program (GFRP) in May 2008 to provide immediate relief to countries hard hit by food high prices. The Bank response has been articulated in coordination with the United Nations’ High-Level Task Force on food security.