Food security

Speculation and the Food Crisis

Between April 2007 and April 2008, the global food price index increased by 85 percent, according to a UN agency. Many reasons for the rise in food prices have been cited, including: the increase in oil prices, growing demand from countries like India and China, climate-related weather events and biofuel expansion.

The Lame Duck Summit

On Saturday, lame duck President Bush will host a meeting of the G-20 to discuss a global response to the financial crisis. There were initially high expectations for the meeting, particularly from France and Great Britain.

The Food Crisis and the World Bank

As development and finance ministers from around the world gather in Washington, D.C. this weekend for the World Bank and the International Monetary Fund meetings, the initial focus will be on the free fall plaguing global financial markets. Combined with recent sharp rises in energy and food costs, poor countries are facing a triple hit right now.