Market systems resilience index
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A resilient market system is able to withstand, react and transform in the face of shocks and stressors so that the system is more sustainable scalable, inclusive and autonomous.
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Market systems resilience index
- 1. Market Systems Resilience Metrics | SEEP | 1 iDE - SUCHANA | Market Systems Resilience Index (MSRI) Context Suchana is a multi-sectoral nutrition program which aims to reduce undernutrition leading to stunting in children under two years of age. Suchana adopts an integrated approach to interventions that are nutrition specific and nutrition sensitive and aims to develop a sustainable and replicable model that can be scaled. iDE is providing technical advisory services related to strengthening market linkages and capacity building of the consortium partners on market-based approaches. Shocks that Tool was Designed For ➢ Climate-related shocks - flash floods and prolonged rainfall, landslides ➢ Economic shocks - changes in regulatory environment, macroeconomic shocks Definition of Market Systems Resilience “A resilient market system is able to withstand, react and transform in the face of shocks and stressors so that the system is more sustainable, scalable, inclusive and autonomous.” Data & Evidence Sources ￫ Semi-annual household survey ￫ Annual market actor survey & detailed enterprise case studies ￫ HCD Deep dive rapid market assessments ￫ Systemic Change Tracker (SCT) ￫ Secondary sources (i.e., business chambers) Market Systems Resilience: iDE
- 2. Market Systems Resilience Metrics | SEEP | 2 For more information, email me at cnicooletti@ideglobal.org iDE - SUCHANA | Market Systems Resilience Index Construction of Attributes & Methods Method: Consensus-based methodology done through annual scoring into a user-friendly, composite index, by project staff drawing from data in the Suchana M&E system. Strengths & Weaknesses Strengths: 🜂 Easy to understand & visually appealing 🜂 Flexible for multiple data inputs 🜂 Consensus-based methodology led to shared understanding of needs and definitions 🜂 Low-cost so long as existing M&E plan is strong 🜂 User-friendly adaptive-management tool 🜂 Customizable for different sectors, geographies and actors Weaknesses: 🜄 Not a tool for causal inference but adaptive management & self-monitoring 🜄 Requires significant customization 🜄 Requires a specified systems boundary for each sector/value chain that is understood by participants. 🜄 Missing a clear measurement of shocks or risk factors to tie resilience measure of the system related to actual shocks. Market Systems Resilience: iDE