Press Release: New Index Measures Resilience of Emerging Markets to Climate Change - 4 November 2021
iDE unveils index which sets a new industry standard for development projects
FOR IMMEDIATE RELEASE Contact: KC Koch, iDE Vice President of Global Communications and Marketing (email@example.com)
Glasgow, November 4, 2021 — As the developing world bears the brunt of climate change, iDE has launched an index which measures the resilience of emerging markets to shocks and stressors, setting a new industry standard for development work.
Featured last month in a Journal of Sustainability article, the Market Systems Resilience Index (MSRI) tool enables development organisations to detect the strength of relationships among participants within a market system, helping to adapt programming and direct efforts to building relationships where necessary.
Lizz Ellis shared that the index was a powerful new benchmarking tool which enables users to hold themselves and their partners accountable to implementing best-practice adaptive development interventions.
“At iDE, we believe that strong, inclusive markets promote household resilience through income generation, improved food security, and increased employment opportunities,” said Ellis.
“However, for the benefits of a inclusive market system to be sustainable, we also need to assess the ability of the system itself to withstand, react, and transform in the face of climate change, conflict, and other shocks and stressors.”
She said the MSRI tool was developed to guide development organisations as they conducted resilience assessments and helped to promote the inclusion of all relevant actors, especially women and socially excluded groups, within a market system.
A market’s resilience is measured by examining 11 equally weighted determinants derived from academic literature. Enumerators conduct surveys with households and relevant market actors, asking a series of questions, which probe the strength of the determinants within a geographically defined market.
Answers are scored on a rubric, depending on a determinant’s detected strength. Several hundred respondents are asked about a range of topics including basic personal details, what crops and livestock they farm, their access to value chains and services, and what shocks and stressors they’ve experienced. Answers are recorded on smartphones and automatically tabulated. The sum of the answers provides a score for each determinant, as well as an averaged overall score.
The MSRI tool was recently applied in Mozambique’s Beira Corridor, which is recovering from a series of cyclones. iDE found that market actors showed more resilience than households to the cyclones, and that among market actors, input suppliers had higher resilience scores than retailers and output market actors.
In Nepal, the MSRI tool demonstrated farmers and households were well connected to market actors but showed low levels of preparedness, which was worrying given their high levels of vulnerability.
In Bangladesh, the MSRI was applied to participants in a nutrition-enhancement programme, who showed low levels of resilience when it came to integration, diversity, and collaboration. As a result, programme staff are now focusing interventions to address these poorly scoring determinants.
iDE is a non-government organisation dedicated to ending poverty. With HQ offices in the USA, Canada, and the UK, our work within agriculture, sanitation, climate change resilience, and gender equality, stands out in the international development sector because we don’t simply hand out money or commodities. Instead, iDE believes in powering small-scale entrepreneurs and building robust market ecosystems that are financially competitive, resilient to changing climates, and inclusive of marginalised people. iDE has 1,200 global staff and offices in 10 developing countries.