Billion to Sleep Hungry
Social Responsibility Movies
World Bank issues report in advance of G-20: 44 million more people shoved into extreme poverty and almost billion people go to bed hungry.
Transcripts / Production notes / Scripts
e latest World Bank Group food price index showed that rising food prices have driven millions of people into poverty in developing countries since last June as food costs continue to rise to near 2008 levels.
According to the latest edition of Food Price Watch, released ahead of the G20 Meeting of Finance Ministers and Central Bank Governors in Paris, food price index rose by 15 percent between October 2010 and January 2011, and is 29 percent above its level a year earlier and only three percent below its 2008 peak.
The Bank’s Managing Director Ngozi Okonjo-Iweala, warned that “we have now entered a danger zone” since “recent food price hikes have thrown another 44 million people into extreme poverty.”
The Food Price Watch reported that the increase in extreme poverty (under US$1.25 a day) due to the price hike is associated with higher malnutrition, as poorer people eat less and are forced to buy food that is both less expensive and less nutritious.
Among grains, global wheat prices have risen the most, doubling between June 2010 and January 2011. Maize prices are about 73 percent higher, but crucially for many of the world’s poor, rice prices have increased at a slower rate than other grains. Sugar and edible oils have also gone up sharply. Other food items essential for dietary diversity in many countries have increased, such as vegetables in India and China, and beans in some African countries.
Okonjo-Iweala added that the international community “needs to help develop countries mitigate the impact of food price hikes and the volatility of food prices.”
Measures to address the recent round of food price spikes include expanding nutritional and safety net programs in countries where food prices are rising fastest, avoiding food export restrictions, and finding better information on food stocks. More investments in agriculture, the development of less food-intensive biofuels, and climate change adaptation, are also needed.
Year of Production: 2011
Length: 2:30 mins.
Country: United Nations
- Muhamed Sacirbey, UNTV World Bank
- Susan Sacirbey