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Companies at the centre of the global grain trade have enjoyed a record bonanza amid soring food prices around the world, raising concerns of profiteering and speculation in global food markets that could put staples beyond the reach of the poorest.
U.N. humanitarian projects face a record funding gap this year, with only a third of the required $48.7 billion secured so far as global needs outpace pledges.
Millions of lives are at stake and the world’s most vulnerable do not have the luxury of time, write Abdulla Shahid and Gabriel Ferrero de Loma-Osorio.
More than 37 million people are facing acute hunger, with approximately seven million children under the age of five acutely malnourished in the region.
As hunger threatens millions, the Biden administration should give its OK for the IMF to distribute financial backing to the world’s poorest countries. By Mark Weisbrot.