Thursday, 5 June 2008

Solutions to the crisis of rising food prices

As the "Conference on World Food Security: Challenges of Climate Change and Bioenergy" unfolds in Rome, many international organizations mandated to offer solutions to the crisis of rising food prices have stepped forward. The International Food Policy Research Institute (IFPRI), together with World Bank and other institutions put together steps to alleviate the problem that includes the need to:
  • expand emergency aid and social protection for the poor
  • calm the markets with sound trade, reserve, and regulatory policies
  • change the biofuel policies that spur high food prices, and
  • invest much more in agriculture, especially to benefit the small farms of the developing world

Detailed actions plans have been put forward by IFPRI, the World Bank, and others.

Reference: IFPRI PRESS STATEMENT June 3, 2008 From Intentions to Implementation