Infignos Media -- buyersUSA Consulting
15 Radio Streams
Click Here
160 Cheryl Lane Eastabooga al
Advertise Here

From Government, Legal and Policy - Government

Brought to you by Sunny King Toyota

Sunny King Toyota has received almost as many accolades as our Toyotas,including more than 25 prestigious industry awards from Toyota and Southeast Toyota. Stop by to see how all of this can benefit you! 2570 US Hwy 78 E, Anniston.1-800-365-3001

Body Image

IMF, World Bank must support poor countries facing food price volatility, Euro crisis

Tue, 9 Oct 2012 14:27:52 EST

The World Bank and IMF must step up their support for developing countries who are struggling with spiking food prices along with the fallout from Europe's fiscal crisis, international agency Oxfam said ahead of the annual meeting of the institutions in Tokyo this week.

World food prices are now close to their 2008-2009 peak and the economic downturn in Europe and the US is hurting poor country revenues. Worse still, food price rises threaten to fuel an upturn in land grabbing in developing countries as competition for natural resources intensifies. Oxfam has called on the World Bank to temporarily freeze its agricultural investments in land while it reviews its policies to prevent land-grabs and sets higher investment standards.

Oxfam spokesperson Elizabeth Stuart said: 'As food prices rise, investors are buying up huge tracts of land: in the last 10 years, land in developing countries six times the size of Japan has been sold. Too often, these deals are land grabs where poor people are evicted without consultation or compensation.'

'The World Bank must help protect poor people's livelihoods and food sources. As an investor and an adviser to developing countries, it can help prevent poor people being kicked off their land without consultation or compensation.'

World Bank president Jim Yong Kim has said the Tokyo meetings will highlight rising food prices, the impact of climate change on farmers around the globe, and the Eurozone debt crisis.

Stuart said: 'These are the right issues to target. Volatile food costs, failing aid and reduced capital flows are hitting poor countries hard.'

At the same time, a Eurozone breakup could cost the world's poorest countries $30 billion in lost trade and foreign investment, Oxfam has calculated, pulling them into a spiral of falling export earnings, damaging their economies and putting pressure on already limited resources for social services. The IMF has warned that low income countries have run down their fiscal buffers.

Stuart said: 'The IMF must work with developing country governments to ensure they have the policy space to increase health and education spending which is essential for social stability, tackling income inequality and for growth.'

Notes to Editors

Oxfam has a team of policy experts at the Tokyo meetings, available for comment and analysis in English, Japanese, French and Arabic.

Oxfam's new report Our Land, Our Lives warns that more than 60 per cent of investments in agricultural land by foreign investors between 2000 and 2010 were in developing countries with serious hunger problems.

Source: WebWire

From Our Blogs

New Coffee Table Books That Make Great Holiday Gifts

Coffee table books are a window into one’s personal tastes and interests

Festive Cocktails for Holiday Hosting

Consider creating a few signature cocktails for the occasion.

Simple, Thoughtful Recipes Work Best for Holiday Feasts

Byrn’s book features this recipe for Kentucky Brown Sugar Pie

Deck the Halls with Smart Home Technology

There are ways to modernize almost every part of your home.

Sign up for our weekly newsletter.

Our Website Sponsors

Stop smoking, lose weight, and even improve your golf score. For our free consultation call 256-237.8049 or visit us on the web at

Buyer's Edge Realty

Annie Brunson, Buyer’s Edge Realty: A long record of successfully guiding buyers and sellers through all aspects of real estate.

Oxford Carpets Coldwater

A new depth of 1st quality luxury for your family at frugal prices! Always 50% less than our local competitors! Call Oxford Carpets Coldwater at 256-835-2155

LaMar's Donuts

Our donuts are the ultimate indulgence. Visit us at our 1781 Hamric Drive E. location in Oxford. Call 256-832-4353.

TCBY Yogurt

The country's best yogurt. Softserve, hand scooped, smoothies, cakes, pies, and specialty items. There's nothing like a specialty ice cream cake for your next special occasion! Visit or Anniston location at 1903 Quintard Avenue. 256-238-8229.