Shit! It's like Run Lola Run for the UNFP!
I just read this Yahoo article, posted a half hour ago.
In summary, it says:
1)The UN Food Programme needs $500M by May 1st to help hungry countries affected by the current food crisis. (The government of Haiti just fell yesterday due to food rioting...no, not a food fight like we have) A doubling of food prices over the last three years could potentially push people in low income countries deeper into poverty, the World Bank says.
The IMF has just completed two days of talks on financial crises roiling global markets and rising food and energy prices.
2) Trade imbalances caused by higher food prices will also affect developed economies.
If the price spike continues, "Thousands, hundreds of thousands of people will be starving. Children will be suffering from malnutrition, with consequences for all their lives."
3) The President of the World Bank, Robert Zoellick, proposes sovereign wealth funds - huge pools of capital controlled by government - invest one percent of their resources in Africa. He said this could draw $30 billion to African growth.
1 day ago
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